HIGHBuilt-inLoan_portfolio
97%
transportation factoring
“10-K Item 1: 'Factoring for transportation businesses constituted approximately 97% of our total factoring portfolio at December 31, 2025'”
TFIN · Concentration risk · 10-K extracted
Triumph Financial (TFIN) concentration risks
Updated
The most significant concentration Triumph Financial discloses is transportation factoring at 97%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Triumph Financial’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH2
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inLoan_portfolio
95%
transportation equipment lending
“10-K Item 1: 'Equipment lending to transportation clients constituted approximately 95% of our total equipment lending portfolio as of December 31, 2025.'”
MEDIUMBuilt-inGeographic
community banking markets (IA, IL, CO, NM, KS, TX)
“10-K Item 1A: 'a large portion of our loans are made in our community banking markets of Iowa, Illinois, Colorado, New Mexico, and Kansas and in Texas, the home of our corporate headquarters and the majority of our commercial finance operations'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Triumph Financial's concentration risks are dominated by a single end-market. Transportation factoring constituted approximately 97% of the total factoring portfolio, and transportation equipment lending made up approximately 95% of the total equipment lending portfolio — both high-share structural exposures that define nearly the entirety of two distinct business lines around one industry vertical. Separately, a large portion of loans are made in the company's community banking markets of Iowa, Illinois, Colorado, New Mexico, and Kansas, and in Texas, home to its headquarters and the majority of its commercial finance operations, a medium-share structural geographic exposure. The factoring and equipment-lending concentrations are effectively the same underlying risk expressed across two product lines: both are anchored almost entirely to transportation-sector clients, meaning a downturn in trucking or freight volumes would pressure both simultaneously rather than one offsetting the other. The geographic concentration in a handful of Midwest and Southwest states, while smaller in disclosed share, adds a regional dimension on top of the sector concentration. Together, these describe a business whose fortunes are tied tightly to transportation-industry cycles, with limited structural diversification across either product line or region to cushion a sector-specific shock.
For the engine’s reasoning on TFIN’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Banks - Regional
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AMAL | Amalgamated Financial Corp. | 2 | 1 | 0 | 3 |
| TFIN● | Triumph Financial, Inc. | 2 | 1 | 0 | 3 |
| ACNB | ACNB Corporation | 1 | 1 | 0 | 2 |
| ALRS | Alerus Financial Corporation | 1 | 1 | 0 | 2 |
| AMTB | Amerant Bancorp Inc. | 0 | 1 | 1 | 2 |
| ABCB | Ameris Bancorp | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.