Triumph Bancorp Announces Dividend for 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock
May 28 2021 - 4:07PM
Triumph Bancorp, Inc. (the “Company”) (Nasdaq: TBK) today announced
the Company’s Board of Directors declared a quarterly cash dividend
of $17.81 per share on its 7.125% Series C Fixed-Rate
Non-Cumulative Perpetual Preferred Stock, represented by depositary
shares (NASDAQ: TBKCP), each representing a 1/40th interest in a
share of preferred stock. Holders of depositary shares will receive
$0.44525 per depositary share. The dividend is payable on June 30,
2021, to holders of record at the close of business on June 15,
2021.
About TriumphTriumph Bancorp, Inc. (Nasdaq:
TBK) is a financial holding company headquartered in Dallas,
Texas. Triumph offers a diversified line of community
banking, national lending, and commercial finance products through
its bank subsidiary, TBK Bank, SSB. www.triumphbancorp.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. Investors are cautioned
that such statements are predictions and that actual events or
results may differ materially. Triumph's expected financial results
or other plans are subject to a number of risks and uncertainties.
The following factors, among others, could cause actual results and
future events to differ materially from those set forth or
contemplated in the forward-looking statements: the ability of
Triumph Bancorp, Inc. (the “Company”) to consummate the pending
acquisition of HubTran, including the possibility that the expected
benefits related to the pending acquisition may not materialize as
expected; the pending acquisition of HubTran may not be timely
completed, if completed at all; prior to the completion of the
pending acquisition of HubTran, HubTran’s business could experience
disruptions due to transaction-related uncertainty or other factors
making it more difficult to maintain relationships with employees,
customers, other business partners or governmental entities; the
Company may be unable to successfully implement integration
strategies or to achieve expected synergies and operating
efficiencies with HubTran within the Company management’s expected
timeframes or at all; the ability to satisfy the closing conditions
to the HubTran transaction in a timely basis or at all; the ability
of the Company or HubTran to retain and hire key personnel; the
occurrence of any event, change or other circumstances that could
give rise to the right of one or both of TBK Bank and HubTran to
terminate the merger agreement; and the outcome of any legal
proceedings that may be instituted against the Company, HubTran or
their respective directors, officers or employees. For a discussion
of such risks and uncertainties, which could cause actual results
to differ from those contained in the forward-looking statements,
see "Risk Factors" and the forward-looking statement disclosure
contained in the Company's Annual Report on Form 10-K, filed with
the Securities and Exchange Commission on February 12, 2021.
Forward-looking statements speak only as of the date made, and
Triumph undertakes no duty to update the information.
Source: Triumph Bancorp, Inc.
Investor Relations:Luke WyseSenior Vice
President, Finance & Investor
Relationslwyse@tbkbank.com214-365-6936
Media Contact:Amanda TavackoliSenior Vice
President, Director of Corporate
Communicationatavackoli@tbkbank.com214-365-6930
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