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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Jul. 28, 12:42 PM

Slide #2. Triumph Bancorp, Inc. Secondary Offering

Company: Triumph Bancorp, Inc. (NASDAQ:TBK)
Date announced: 7/26/2017
Shares Offered: 2,200,000
Date of Pricing: 7/27/2017
Price Per Share: $27.50
Secondary Offering Details: Triumph Bancorp, Inc. (NASDAQ:TBK) (the "Company") announced today that it has commenced an underwritten public offering of shares of its common stock. The Company intends to grant the underwriters an option, exercisable in whole or in part for 30 days, to purchase additional shares of its common stock. -updated 7/27- Triumph Bancorp, Inc. (NASDAQ:TBK) (the "Company") today announced the pricing of its underwritten public offering of 2,200,000 shares of its common stock at a price to the public of $27.50 per share, for gross proceeds of $60.5 million. Net proceeds to the Company, after deducting the underwriting discount, are expected to be $57.475 million. The Company has granted the underwriters an option, exercisable in whole or in part for 30 days, to purchase up to an additional 330,000 shares of its common stock at the public offering price, less the underwriting discount.

Triumph Bancorp is a financial holding company. Through its wholly owned bank subsidiary, TBK Bank, SSB, Co. provides banking services as well as commercial finance products to businesses that require specialized financial solutions. Co.'s community banking operations include a full suite of lending and deposit products and services focused on its local market areas. In addition, through Co.'s wholly owned subsidiary Triumph Capital Advisors, LLC, Co. provides investment management services focused on the management of collateralized loan obligations. At Dec 31 2016, Co. had total assets of $2.64 billion and total deposits of $2.02 billion.

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Company Name:  Triumph Bancorp Inc
Sector:  Banking & Savings
Number of ETFs Holding TBK:  17
Total Market Value Held by ETFs:  $15.33M
Total Market Capitalization:  $509.00M
% of Market Cap. Held by ETFs:  3.01%

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July 28, 2017    12:42 PM Eastern
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Strong Buy (3.50 out of 4)
69th percentile
(ranked higher than approx. 69% of all stocks covered)
Based on Zacks ABR data;
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