EX-99.2 6 a99_2investorpresentatio.htm EX-99.2
August 2021 Subordinated Debt Investor Presentation Exhibit 99.2

PAGE 2 DISCLAIMER FORWARD-LOOKING STATEMENTS This presentation contains, and future oral and written statements of Triumph Bancorp, Inc. ("TBK," "we," "ou r" or "us") may contain, forward-looking statements. Any statements about our expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. You can identify forward-looking statements by the use of forward-looking terminology such as “believes,” “expects,” “could,” “may,” “will,” “should,” “seeks,” “likely,” “intends,” “plans,” “pro forma,” “projects,” “estimates” or “anticipates” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to h istorical matters. Y ou can also identify forward-looking statements by discussions of strategy, plans or intentions. Forward-looking statements involve numerous risks and uncertainties and you should not rely on them as predictions of future events. Forward-looking statements depend on assumptions, data or methods that may be incorrect or imprecise and we may not be able to realize them. We do not gu arantee that the transactions and events described will happen as described (or that they will happen at all). The following factors, among others, could cause actual results and future events to di ffer materially from those set forth or contemplated in the forward-looking statements: business and economic conditions generally and in the bank and non-bank financial services industries, nationally and within our local market areas; the impact of COV ID-19 on ou r business, including the impact of the actions taken by governmental authorities to try and contain the virus or address the impact of the virus on the United States economy (including, without l imitation, the CARES Act), and theresulting effect of all of such i tems on our operations, liquidity and capital position, and on the financial condition of our borrowers and other customers; ou r ability to mitigate ou r risk exposures; ou r ability to maintain ou r historical earnings trends; changes in management personnel; interest rate risk; concentration of ou r products and services in the transportation industry; credit risk associated with ou r loan portfolio; lack of seasoning in ou r loan portfol io; deteriorating asset quality and higher loan charge-offs; time and effort necessary to resolve nonperforming assets; i naccuracy of the assumptions and estimates we make in establishing reserves for probable loan losses and other estimates; risks related to the integration of acquired businesses (including ou racquisition of Hu bTran Inc. and developments related to ou r acqu isition of Transport Financial Solutions and the related over-formula advances) and any future acquisitions; ou r ability to successfully identify and address the risks associated with ou r possible future acquisitions, and the risks that ou r prior and possible future acquisitions make it more difficult for investors to evaluate ou r business, financial condition and results of operations, and impairs ou r ability to accurately forecast ou r future performance; lack of liqu idity; fluctuations in the fair value and l iquidity of the securities we hold for sale; impairment of investment securities, goodwill, other intangible assets or deferred tax assets; ou r risk management strategies; environmental liability associated with our lending activities; increased competi tion in the bank and non-bank financial services industries, nationally, regionally or locally, which may adversely affec t pricing and terms; the accuracy of ou r financial statements and related disclosures; m aterial weaknesses in our internal control over financial reporting; system failures or failures to prevent breaches of ou r network security; the institution and outcome of l i tigation (including related to ou r pending litigation with the United States Postal Service and a counterparty relating to certain misdirected payments) and other legal proceedings against us or to which we become subject; changes in carry-forwards of net operating losses; changes in federal tax law or policy; the impact of recent and future legislative and regulatory changes, including changes in banking, securities and tax laws and regulations, such as the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) and their application by our regu lators; governmental monetary and fiscal policies; changes in the scope and cost of FDIC, insurance and other coverages; failure to receive regulatory approval for future acqu isitions; and increases in ou r capital requirements. While forward-looking statements reflect ou r good-faith beliefs, they are not guarantees of future performance. All forward-looking statements are necessarily only estimates of future results. A ccordingly, actual results may differ materially from those expressed in or contemplated by the particular forward-looking statement, and, therefore, you are cautioned not to place undue rel iance on such statements. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to u pdate any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as requ ired by applicable law. For a discussion of such risks and uncertainties, which could cause actual results to di ffer from those contained in the forward-looking statements, see “Risk Factors” and the forward-looking statement disclosure contained in Triumph’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 12, 2021. Non-GAAP Fi nancial Measures This presentation includes certain non‐GAAP financial measures intended to supplement, not substitute for, comparable GAAP measures. Reconciliations of non ‐GAAP financial measures to GA A P financial m easures are provided at the end of the presentation. Numbers in this presentation may not sum due to rounding. Unless otherwise referenced, all data presented herein is as of, or for the indicated period, ended June 30, 2021.

PAGE 3 DISCLAIMER (CONT’D) DISCLAIMERS This presentation has been prepared by TBK solely for informational purposes based on its own information, as well as information from public sou rces. This presentation (references to which shall be deemed to include any information which has been or may be supplied in writing or orally in connection herewith or in connection with any further inqu iries) is being delivered pursuant to a separate confidentiality agreement to a l imited number of parties who, i t is believed, may be interested in a potential mutually negotiated transaction (the "Potential Transaction"). This presentation is for the exclusive use of the persons to whom it is addressed and their advisers, and is subject to such confidentiality agreement, which strictly limits the disclosure, circulation, use and reproduction of the information contained in this presentation. financial advisor. By i ts acceptance hereof, each recipient agrees (in addition to any obligations i t may have under such confidentiality agreement) that neither it nor its agents, representatives, advisers, affiliates, officers, directors or employees will copy, reproduce or distribute to others this presentation, in whole or in part, at any time withou t the prior written consent of TBK and that it will keep confidential all information containedherein in accordance with the provisions of such confidentiality agreement and will use this presentation for the sole purpose of evaluating the Potential Transaction. This presentation has been prepared to assist interested parties in making their own evaluation of TBK and does not purport to contain all of the information that may be relevant. In all cases, interested parties should conduct their own investigation and analysis of TBK and the data set forth in the presentation and other information provided by or on behalf of TBK. Nothing in this presentation shall be construed as giving legal, financial, tax, accou nting or other advice of any kind. Each potential investor should review the purchase agreement, make such investigations as i t deems necessary to arrive at an independent evaluation of an investment in the secu rities described in this presentation and shou ld consult its own legal counsel and financial, accounting, regulatory and tax advisors to determine the consequences of such an investment prior to m aking an investment decision and should not rely on any information set forth in this presentation. N o representation or warranty, express or implied, is or will be given by TBK or i ts agents, representatives, advisers, affiliates, officers, directors, employees or partners or any other person as to the accuracy, completeness or fairness of this presentation or the information herein, nor shall any of the foregoing have any responsibility or liability whatsoever for the accuracy or sufficiency thereof or for any errors, omissions or misstatements, negligent or otherwise, relating thereto. All persons u sing this presentation does so entirely at their own risk. Any party considering a transaction with TBK is not entitled to rely on this presentation and must rely solely on its own due diligence and on any representations, warranties and/or covenants set forth in a fully execu ted, definitive written agreement relating to the Potential Transaction. Recipients of this presentation are presumed to be familiar with the industry in which TBK operates in general, and accordingly, this presentation contains only select operating, financial and other information about TBK and the Proposed Transaction. The presentation is not intended to provide the sole basis for an evaluation of the Proposed Transaction: each recipient must determine its own interest in the transaction based on itsown due diligence and other investigations. This presentation is confidential and not an offer to sell securities and it is not soliciting an offer to buy securities in any s tate where the offer or sale is not permitted. The information in this presentation may not be reproduced, passed on or divulged, directly or indirectly, to any other person. TBK reserves the right to request the return of this presentation at any time. N either the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of the securities ofTBK or passed upon the accuracy or adequacy of this presentation. Any representation to the contrary is a criminal offense. The secu rities referenced in this presentation are not savings or deposit accounts and are not insured by the Federal DepositInsurance Corporation or any other governmental agency or instrumentality. Certain of the information contained herein may be derived from information provided by industry sou rces. TBK has not independently verified such information and cannot guarantee the accu racy of such information. Except where otherwise indicated, this presentation speaks as of the date hereof and the information contained herein is based on TBK management's estimates as of the date hereof. Neither the del ivery of this presentation nor a transaction with TBK shall, under any circumstances, create any implication that there has been no change in the affairs of TBK since the date hereof. In fu rnishing this presentation TBK does not undertake any obligation to u pdate any of the information contained herein or to correct any inaccuracies which may become known or apparent. By accepting this presentation, the recipient acknowledges and agrees to all the above.

PAGE 4 TERMS OF THE PROPOSED SUBORDINATED DEBT OFFERING (1) A rating is not a recommendation to buy, sell, or hold securities. Ratings may be subject to revision or withdrawal at any ti me by the assigning rating organization. Each rating organization has i ts own methodology for assigning ratings and, accordingly, each rating shou ld be evaluated inde pendently of any other rating Triumph Bancorp, Inc. Subordinated Notes due 2031 $50 million A- by Egan Jones Rating Company1 Regulation D Private Placement with Registration Rights Fixed-to-Floating (Fixed during First Five Years) 10 Years Redemption of Existing Indebtedness 5 Years Piper Sandler & Co., Raymond James & Associates Issuer Security Amount Security Rating Issuance Type Offering Structure Term Use of Proceeds No-Call Period Placement Agents

PAGE 5 COMPANY OVERVIEW TOTAL ASSETS $6.0 billion MARKET CAP(1) $2.1 billion TOTAL LOANS $4.9 billion TOTAL DEPOSITS $4.7 billion N ote: Data is as of Ju ne 30, 2021, except as noted below Sou rce: S&P Global Market Intelligence (1) Data is as of August 11, 2021 Triumph Bancorp, Inc. (NASDAQ: TBK) is a financial holding company headquartered in Dallas, Texas, offering a diversified line of banking, payments, and factoring services through its banking subsidiary, TBK Bank, SSB 63 Locations Across the U.S.

PAGE 6 Segment Name Banking / Corporate Factoring Payments Revenue* $55.7 million $44.8 million $3.6 million | $2.6 million² Y oY Growth - % 1.5%¹ 135.8% 500.0% | 333.3%² Expenses $42.8 million $17 .2 million $7 .8 million³ | $6.5 million² ³ Y oY Growth - % 14.4% 43.3% 136.4% | 97.0%² ³ Business Segm ent Description Q2 2021 TBK SEGMENT INFORMATION * Defined as Net Interest Income + N oninterest Income (1) Y OY comparison excludes gain on sale of division in 2Q2020 of $9.8 million; Reconciliations of non -GAAP financial measures can be found at the end of the presentation (2) Secondary values adjusted to exclude the impact of the HubTran acquisition in 2Q2021; Reconciliations of non-GAAP financial m easures can be found at the end of the presentation (3) A djusted to exclude the closing costs ($3 million) associated with the Hu bTranacqu isition in 2Q2021; Reconciliations of non -GAAP financial measures can be found at the end of the presentation Ba n king offerings include a fu ll suite of traditional and com m ercial finance lending a nd deposit products and services focused on local a n d national market areas. T h ese activities generate a st a ble source of core deposits a nd a diverse asset ba se to su pport overall a ct ivities Fa ct oring includes the operations of Triumph Bu sin ess Capital with rev enue derived from fa ct oring services Pa yments includes the operations of T BK Ba nk’s T riumphPay division, which is the payments n et work for trucking; creating frictionless presentment, audit, and payment of invoices. T h e Payments segment derives its revenue from t ransaction fees a nd interest income on factored receivables related to invoice payments Exclu des Impact of Hu bTran: Purchased a cloud based SaaS company in June 2021 that provides back-office automation services to the trucking industry allowing Trium ph to enhance its value proposition to its transportation clients and stakeholders :

PAGE 7 Q2 2021 CONSOLIDATED RESULTS • Diluted earnings per share of $1.08 for the quarter, or $1.17 when adjusted for HubTran closing costs3 • Total loans held for investment decreased $253.3 million, major changes experienced in: ◦ Factored Receivables increased $190 million ◦ Mortgage Warehouse decreased $178 million ◦ PPP loans decreased $102 million • Total deposits decreased $64.2 million ◦ NIB DDA growth of $165.9 million to 38% of total deposits ◦ Time Deposits decreased $339.7 million • Triumph Business Capital: ◦ Purchased 1.4 million invoices for a total of $3.1 billion ▪ Average invoice price of $2,189 ◦ Crossed 10,000 clients finishing 2Q21 at 10,219 ▪ Up 3,917 from 2Q20 • TriumphPay: ◦ Closed the HubTran acquisition ◦ Added 5 HubTran factors following the announcement ◦ Added 25 brokers ▪ Included two tier 1 brokers4 ◦ Paid 3.2 million invoices for a total of $3.4 billion $27.2 million Net income to common stockholders TRIUMPHPAY PAYMENT VOLUME1 $13.7B NIM 6.47% Net Interest Margin2 ROATCE 20.92% Return on Average Tangible Common Equity3 TBC PURCHASED INVOICES 1.4 MM (1) A nnualized (2) Includes discount accretion on purchased loans of $2,161 in Q2 2021 (dollars in thousands) (3) Reconciliations of non-GAAP financial measures can be found at the end of the presentation (4) Tier 1 brokers are defined as over the road trucking brokers with over $500 million of annualized revenue

PAGE 8 EXPERIENCED MANAGEMENT TEAM Mr . Graft is the Founder, Vice Chairman and Chief Ex ecutive Officer of Triumph Bancorp, In c. Prior to esta blishing Triumph Bancorp, In c., Mr . Graft served as the Founder and President of Triumph Land and Ca pital Ma nagement, LLC, where he ov ersaw the management of sev eral multi-family and commercial real esta te projects in receivership and led the a cquisition of multiple pools of distressed debt secured by multi- fa mily projects. Prior to Triumph, Mr. Graft worked for Fulbright & Jaworski, LLP (now Norton Rose Fulbright US LLP) where he focused on distressed loan workouts. Mr . Fow ler is the Ex ecutive Vice President, Chief Financial Officer and Treasurer of Triumph Bancorp, In c. His ca reer includes fifteen years with Bluebonnet Savings Bank, SSB. where he served as Director, President and Ch ief Financial Officer. Subsequent to the planned liquidation of Bluebonnet, Mr . Fowler was a partner in Cy ma Fund Advisors, which managed a $100 million capital investment in a lev eraged investment str ategy. Mr . Fowler began h is career in 1980 in public a ccounting as an auditor primarily serving financial in st itution clients. Ms. Leh mann is Ex ecutive Vice President and secretary of Triumph Bancorp, In c. She previously served as ex ecutive v ice president, chief operating officer, chief information officer and secretary under Triumph’s former n ame, Equity Bank, SSB. Prior to that, Ms. Lehmann served a s corporate compliance officer and senior vice pr esident of r isk management for Bluebonnet Savings Ba nk, FSB. Ms. Lehmann has been in the banking in dustry for ov er 35 years, having worked at community banks, an international bank and sev eral multi-bank h olding companies ranging in size up to $5.3 billion. She has experience in a ll facets of banking operations h av ing held positions in virtually all areas of bank operations. Mr . Nelson joined Triumph in 2013 and serves as the Ex ecutive Vice President and General Counsel of Tr iumph Bancorp, Inc. Prior to joining Triumph, Mr. Nelson served as Vice President and Deputy General Cou nsel of ACE Cash Ex press, Inc., a financial services retailer. Prior to A CE, Mr . Nelson was an attorney with th e firm of Weil Gotshal & Ma nges, LLP, where he focused on mergers and a cquisitions, management-led buy outs, and private equity transactions. AARON P. GRAFT Founder, Vice Chairman & Chief Executive Officer Mr . V oss joined Triumph in a consulting engagement in 2011 and has served in various finance roles since join ing the Company full-time in 2012. Pr ior to being appointed CFO, he led balance sheet strategy, capital issu ance, investments, liquidity, and funding as Executive Vice President and Treasurer of TBK Ba nk. Mr . V oss join ed Triumph from CSG Investments (an a ffiliate of Beal Bank), where he led the sourcing, analysis and ex ecution of investments in distressed securities as Senior Vice President and Portfolio Ma nager. Earlier in his ca reer, he served a s a Portfolio Ma nager for Highland Capital Ma nagement, L.P. and worked in the in st itutional equities divisions of Don aldson, Lufkin & Jenrette and Bear Stearns. R. BRYCE FOWLER Executive Vice President, Chief Financial Officer & Treasurer W. BRAD VOSS Executive Vice President & Chief Financial Officer (Effective September 1st) GAIL LEHMANN Executive Vice President & Secretary ADAM NELSON Executive Vice President, General Counsel

PAGE 9 MATERIAL INSIDER OWNERSHIP (1) Market and shareholder data as of August 4th, 2021 Sou rce: IR Insight and Company filings Shares(1) Nam e T itle Position % Outstanding Market Value ($000s) Carlos M. Sepulveda Jr Chairman, Director 380,869 1.52% 29,144$ C Todd Sparks Director 305,7 31 1.22 23,395 Douglas M Kratz Former Director 295,996 1.18 22,650 Aaron P Graft Vice Chairman & CEO 239,069 0.95 18,294 Richard Loren Davis Director 221,646 0.88 16,960 Charles Albert Anderson Director 126,631 0.50 9,690 Michael P Rafferty Director 32,315 0.13 2,473 Gail Lehmann EVP, Secretary 29,480 0.12 2,256 Maribess L Miller Director 16,7 31 0.07 1,280 Adam D Nelson EVP, General Counsel 14,97 6 0.06 1,146 Frederick Perpall Director 9,97 7 0.04 763 R Bry ce Fowler EVP, Chief Financial Officer 8,284 0.03 634 Laura Easley Director 1 ,7 17 0.01 131 Debra A. Bradford Director 1 ,651 0.01 126 Todd Ritterbusch EVP, Chief Lending Officer 952 0.00 73 Total 1,686,025 6.7 2% 129,015$

PAGE 10 BALANCE SHEET TRENDS Total Assets ($M) Total Loans ($M)* Tangible Common Equity ($M)1 Total Deposits ($M) $2,641 $3,499 $4,560 $5,060 $5,936 $6,016 '16Y '17Y '18Y '19Y '20Y 2Q'21 $233 $318 $437 $446 $492 $461 '16Y '17Y '18Y '19Y '20Y 2Q'21 $190 $135 $2,028 $2,811 $3,611 $4,197 $5,021 $4,862 '16Y '17Y '18Y '19Y '20Y 2Q'21 $2,016 $2,621 $3,450 $3,790 $4,717 $4,725 '16Y '17Y '18Y '19Y '20Y 2Q'21 PPP * Total loans includes loans held for sale Sou rce: Company filings; S&P Global Market Intelligence (1) Reconciliations of non-GAAP financial measures can be found at the end of the presentation

PAGE 11 PERFORMANCE TRENDS Net Interest Margin (%) Non-interest Income / Op Revenue (%) ROAA and ROAE (%) Efficiency Ratio (%) 5.9% 5.9% 6.3% 5.9% 5.7% 6.3% '16Y '17Y '18Y '19Y '20Y 06/30/21 YTD 1.0% 1.3% 1.3% 1.2% 1.2% 2.1% 7.3% 10.7% 9.2% 9.0% 9.7% 16.3% '16Y '17Y '18Y '19Y '20Y 06/30/21 YTD ROAA ROAE 15.7% 20.7% 9.2% 11.0% 17.5% 14.0% '16Y '17Y '18Y '19Y '20Y 06/30/21 YTD 69.8% 63.0% 66.9% 71.0% 64.4% 65.4% '16Y '17Y '18Y '19Y '20Y 06/30/21 YTD Sou rce: Company filings; S&P Global Market Intelligence

PAGE 12 YIELD & COST TRENDS Yield on Loans & Earnings Assets (%) Cost of Deposits and Funds (%) * For the three months ended June 30, 2021, annualized Sou rce: Company filings; S&P Global Market Intelligence 7.71% 7.55% 8.07% 7.75% 7.00% 7.77% 6.55% 6.74% 7.35% 7.20% 6.46% 6.79% '16Y '17Y '18Y '19Y '20Y 2Q'21* Yield on Loans Yield on Earning Assets 0.59% 0.62% 0.80% 1.12% 0.67% 0.20% 0.68% 0.86% 1.09% 1.36% 0.80% 0.34% '16Y '17Y '18Y '19Y '20Y 2Q'21* Cost of Deposits Cost of Funds

PAGE 13 ROBUST REVENUE STREAM Total Revenues $201.5 million For the Six Months Ended June 30, 2021 Non-Interest Income (by Segment) $28.2 million 86% 14% 63% 32% 5% Non-Interest Income Net Interest Income Sou rce: Company filings; S&P Global Market Intelligence Banking & Corporate Factoring Payments

PAGE 14 • Adjusted operating non-interest expense totaled $67.8 million for the quarter ended June 30, 2021: • Includes one month of run-rate expenses of $1.3 million associated with the HubTran acquisition • Excludes $3.0 million in one-time transaction fees associated with the HubTran acquisition Operating Non-Interest Expense Composition ($ in thousands) OPERATING NON-INTEREST EXPENSE $30,804 $31 ,651 $33,798 $35,980 $41 ,658 $4,964 $5,574 $7 ,046 $5,779 $6,112 $1 ,651 $3,265 $2,326 $2,545 $2,060 $2,046 $2,141 $2,065 $1 ,975 $2,428 $1 3,261 $1 2,666 $1 4,063 $1 4,613 $1 5,548 $52,726 $55,297 $59,298 $60,892 $67 ,806 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21 Salaries & Benefits Occupancy & Equipment Professional Fees Amortization of Intangibles Other Sou rce: Company filings; S&P Global Market Intelligence

PAGE 15 TBK LOAN PORTFOLIO DETAIL N ote: Composition represented by factoring includes TriumphPay (1) Includes $1 million of 1-4 residential mortgage loans held for sale and $20 million in CRE held for sale (2) Includes $11 million of l iquid credit loans held for sale Please See Following Pages for Additional TBC Detail Loan Portfolio Breakout ($M) Select Commentary (as of June 30, 2021) • The loan portfolio holds $4.9 billion of loans and leases, down approximately 5%, or $253 million, from the previous quarter, with a yield of 7.77% • The Company carried 1,390 loans resulting from the Paycheck Protection Program (“PPP”) representing a book value of $135 million • This is a 43% decrease, or $102 million, from the previous quarter • Bank level concentration of CRE loans to total risk based capital is 107% • Loans resulting from the operations of Triumph Business Capital comprises 29% of the portfolio • No exposure to exploration and production or reserve-based energy lending Factoring $1 ,398 Real Estate¹ $1 ,134 Mortgage Warehouse $854 Equipment Finance $604 Commercial $502 Asset-Based Lending $1 81 Liquid Credit² $1 76 Consumer $1 2 29% 23% 18% 12% 10% 4% 4% <1% Total Loans: $4.9 Billion

PAGE 16 TRIUMPH BUSINESS CAPITAL (“TBC”) FACTORING By proudly serving over-the-road trucking, Triumph Business Capital has become a leading player in a large and profitable sector of the transportation industry. * Revenue and gross revenue defined as interest income plus non-interest income N ote: Triumph Business Capital and Total Gross Revenue adjusted for revaluing the indemnification asset and the difference be tween the value of the stock issued to CV LG and the value returned in the TFS amended transaction agreement TBC’s Segment Contribution Trends: Revenue* as a (%) of Total Gross Revenue Loans as a (%) of Total Loans 22.7% 33.6% 32.8% 36.6% 43.6% 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21 12.0% 19.6% 20.7% 22.0% 26.6% 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21 Products we offer to transportation clients include: • Factoring & working capital • Equipment finance • Fuel cards • Insurance brokerage • Checking • Treasury management • Commercial lending

PAGE 17 TRIUMPH BUSINESS CAPITAL FACTORING (CONT’D) [ Pi e Chart ] Transport at ion Non- Transportati on 89% 11% [ Bar/Li ne Chart ] Total Purchases Number of Invoi ces Purchased [ Bar Chart ] Average Invoice Size * Does not include $41.3 million charge-off related to the TFS acqu isition, $35.6 million of which was indemnified and reimbursed to us by Covenant Logistics Grou p, Inc. The charge-off contributed approximately 1.99% to the unadjusted 2.30% trailing 12 qu arter average net charge off rate for June 30, 2021 N ote: On Ju ly 8, 2020, we acqu ired $107.5 million of factored receivables from Transport Financial Solutions. On June 2, 2018 , we acquired $131.0 million of transportation factoring assets via the acqu isition of Interstate Capital Corporation and certain of its affiliates Client Portfolio Mix Select Highlights (as of June 30 ,2021) 91% 9% T ransportation Non- T ransportation • Y ield of 14.99% for the quarter ending June 30, 2021 • Net charge-off rate of 0.04% for the quarter ending June 30, 2021 • Largest client & debtor concentrations for the quarter ending June 30, 2021 were 2.5% of NFE and 4.2% NFE, respectively • A/R Turn Days for the quarter ending 6/30/2021 was 37.1 • Annualized NCOs trailing 12 quarter average as of 6/30/2021 was 0.31%* $365 $3,068 237 1 ,402 1Q '1 5 2 Q '1 5 3 Q '1 5 4 Q '1 5 1Q '1 6 2 Q '1 6 3 Q '1 6 4 Q '1 6 1Q '1 7 2 Q '1 7 3 Q '1 7 4 Q '1 7 1Q '1 8 2 Q '1 8 3 Q '1 8 4 Q '1 8 1Q '1 9 2 Q '1 9 3 Q '1 9 4 Q '1 9 1Q '2 0 2 Q '2 0 3 Q '2 0 4 Q '2 0 1Q '2 1 2 Q '2 1 Purchased Amount ($M) Purchased Invoices (k) $1 .5 $2.2 $1 .5 $2.1 1Q '1 5 2 Q '1 5 3 Q '1 5 4 Q '1 5 1Q '1 6 2 Q '1 6 3 Q '1 6 4 Q '1 6 1Q '1 7 2 Q '1 7 3 Q '1 7 4 Q '1 7 1Q '1 8 2 Q '1 8 3 Q '1 8 4 Q '1 8 1Q '1 9 2 Q '1 9 3 Q '1 9 4 Q '1 9 1Q '2 0 2 Q '2 0 3 Q '2 0 4 Q '2 0 1Q '2 1 2 Q '2 1 Avg Invoice Size ($k) Avg Transportation Invoice Size ($k)

PAGE 18 ASSET QUALITY TRENDS NCOs / Average Loans (%)* NPAs / Total Assets (%) Past Due / Total Loans (%) ACL / Total Loans (%) * 1Q21 includes $41.3 million charge-off related to the TFS acqu isition, $35.6 million of which was indemnified and reimbursed to us by Covenant Logistics Grou p, Inc. The charge-off contributed approximately 0.85%, or substantially all of the net charge-off rate for the quarter. 0.02% 0.02% 0.03% 0.85%* 0.01% 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21 1.50% 2.40% 3.22% 1.96% 2.28% 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21 1.20% 1.52% 1.15% 1.15% 0.97% 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21 1.24% 1.88% 1.92% 0.94% 0.95% 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21

PAGE 19 COVID-19 UPDATE: EXPOSURE INDUSTRY TOTAL EXPOSURE1 % OF GROSS LOANS LOANS IN DEFERRAL Retail $160.8 3.3% $— Office $187.6 3.9% $— Hospitality $119.8 2.5% $18.7 Health Care/Senior Care $44.5 0.9% $— Restaurants $32.4 0.7% $— OFFICE TOTAL EXPOSURE1 Non-owner occupied $158.2 Owner occupied $28.3 Construction-development $1.2 Exposure to industries most impacted by COVID-19 as of June 30, 2021 RETAIL TOTAL EXPOSURE1 Vehicle lending (DFP) $47.8 Retail real estate $41.9 Grocery and sundries2 $29.9 Factoring $11.0 Other $30.2 (1) On balance sheet loans and unfunded commitments to lend; excludes Paycheck Protection Program loans (2) Includes exposure to grocery, pharmacy, gas stations, convenience stores and pet stores ($ in millions) ($ in millions) ($ in millions)

PAGE 20 COVID-19 UPDATE: LOAN DEFERRALS ($ in millions) BALANCE OF LOANS IN DEFERRAL TOTAL LOANS % OF PORTFOLIO 1Q21 2Q21 2Q21 2Q21 Commercial real estate $71.7 $51.6 $701.6 7% Construction, land development, land $1.3 $1.3 $185.4 1% 1-4 family residential $1.2 $0.5 $135.3 —% Farmland $— $— $91.1 —% Commercial $11.1 $0.3 $1,453.6 —% Factored receivables $— $— $1,398.3 —% Consumer $— $— $12.4 —% Mortgage warehouse $— $— $853.5 —% Total $85.3 $53.7 $4,831.2 1% Loans modified for borrowers impacted by the COVID-19 pandemic have decreased from the prior quarter

PAGE 21 NIB Dem and $1 ,804 IB Demand $7 61 Money Mkt $395 Savings $47 4 IRA $87 CDs $613 Brokered Time $307 Other Brokered $285 TBK DEPOSIT SUCCESS * Transaction deposits defined as noninterest and interest bearing checking, Money Market and Savings deposits (1) Ju ne 30, 2019 is the quarter end prior to the strategic shift we announced during the second half of 2019 Current as of June 30, 2021 and Changes From June 30, 2019(1): Select Deposit Trends $2,100 $2,600 $2,700 $2,900 $3,200 $3,400 2Q'19¹ 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21 T ransaction Deposits Transaction deposits up 65.5% Non-Interest Bearing Deposits Non-interest bearing demand up $1.1 billion from 19% to 38% of deposit base Cost of Deposits Cost of total deposits down by 94bps from 1 .14% to 0.20% Deposit Composition ($ in millions): 38% 16% 2% 8% 10% 13% 6% 6% Total Deposits: $4.7 Billion Transaction Deposits ($ in millions)* Transaction Deposi ts* $3.4B

PAGE 22 TBK BANK LIQUIDITY AND SECURITIES PORTFOLIO (AS OF JUNE 30, 2021) (1) Other security types includes SBAs, foreign bonds, and CMOs (2) Largely consists of de-feased municipal bonds Portfolio Breakout by Type Portfolio Breakout by Classification Portfolio Breakout by Overall Rating 97% 3% AFS Other 60% 16% 9% 6% 4% 2% 3% CLO Muni MBS Agency Agency ABS Corporate Other¹ Cash & Cash Equivalents $437 Million Securities Portfolio1 $199 Million 2Q’21 Weighted Average Yield 2.45% Effective Duration 0.67 Years 28% 18% 43% 2% 2% 7% AAA Gov't Gtd / Agency AA A BBB NR²

PAGE 23 INTEREST RATE SENSITIVITY At June 30, 2021: % Variance from Base Case Scenario • Net interest income forecasted on static balance sheet projections based on regulatory guidance • Assumes no negative rates • We use interest rate risk simulation models and shock analyses to test the interest rate sensitivity of net interest income and economic value of equity. Contractual maturities and re-pricing opportunities of loans are incorporated into the model and are based on pricing of recent originations. The average lives of non-maturity deposit accounts are based on decay assumptions and are incorporated into the model. All of the assumptions used in our analyses are inherently uncertain and, as a result, the model cannot precisely measure future net interest income or precisely predict the impact of fluctuations in market interest rates on net interest income. Actual results will differ from the model’s simulated results due to timing, magnitude, and frequency of interest rate changes as well as changes in market conditions and the application and timing of various management strategies Change Change in Interest Rate to Change in: (bps) 12M Net Interest Income Economic Value of Equity +400 25.0% 36.0% +300 19.0% 28.0% +200 13.0% 20.0% +100 8.0% 10.0% -100 (1.0%) (11.0%)

PAGE 24 SOURCES OF LIQUIDITY AND CURRENT DEBT PROFILE N on- i nterest bearing demand Interest bearing demand Individual reti rement acount s Money market Savings Certi fi cates of deposi t Brokered t i me deposit s Ot her brokered deposi ts 29% 14% 2% 8% 9% 17% 11% 10% Cost of i nterest beari ng deposits 0.54% Cost of t ot al funds 0. 51% Triumph Bancorp, Inc. Parent Company Only: ✓ The following are sources of liquidity at the holding company: ▪ $44.4 million of cash as of June 30, 2021 TBK Bank, SSB: ✓ The following are sources of liquidity at the Bank: ▪ $437 million of cash on the balance sheet ▪ $98 million of unencumbered investment securities ▪ $966 million of undrawn capacity from the FHLB ($130 million outstanding as of June 30, 2021) ▪ $535 million of undrawn capacity with the Federal Reserve Bank of Dallas ▪ $228 million of unsecured lines of credit with other banking institutions ▪ $166 million in marketable syndicated loans ▪ Existing relationships with multiple funding sources Other capital instruments include: ($ in thousands) Face Carrying Interest Rate Instrument Type Creditor Issue Date Maturity Date Amount Value as of 06/30/21 Subordinated Notes¹ Public Investors 09/30/16 09/30/26 $50,000 $49,37 2 6.500% Subordinated Notes Public Investors 11/27 /19 11/27 /29 $39,500 $38,249 4.87 5% Junior 'Subordinated Notes TruPs ColoEast Capital Trust I 08/23/05 09/30/35 $5,155 $3,646 1.7 47 % Junior 'Subordinated Notes TruPs ColoEast Capital Trust II 03/14/07 03/31/37 $6,7 00 $4,7 43 1.937 % Junior 'Subordinated Notes TruPs National Bancshares Capital Trust II 09/03/03 09/03/33 $15,464 $13,284 3.119% Junior 'Subordinated Notes TruPs National Bancshares Capital Trust III 06/29/06 07 /07 /36 $17 ,526 $13,080 1.824% Junior 'Subordinated Notes TruPs Valley Bancorp Statutory Trust I 09/26/02 09/26/32 $3,093 $2,886 3.546% Junior 'Subordinated Notes TruPs Valley Bancorp Statutory Trust II 06/17 /04 06/18/34 $3,093 $2,694 2.87 5% Series C Preferred Stock Public Investors 06/19/20 Perpetual $45,000 $45,000 7 .125% (1) The Company intends to u se the proceeds from offering to redeem this security Sou rce: Company filings; S&P Global Market Intelligence

PAGE 25 REGULATORY CAPITAL TRENDS (1) A ssumes proceeds of $50.0 million from the proposed offering of subordinated notes. Assumes proceeds are used to redeem $50.0 million of extant subordinated indebtedness with no net proceeds down streamed to the Bank Sou rce: Company filings; S&P Global Market Intelligence Common Equity Tier 1 (%) Tier 1 (%) Total Risk Based Capital (%) Tier 1 Leverage (%) No Change No Change No Change No Change 9.7% 10.5% 9.5% 9.1% 8.7% 8.7% 10.8% 11.7% 11.4% 11.3% 11.1% 11.1% '17Y '18Y '19Y '20Y 2Q'21 Pro Forma¹ 11.1% 11.5% 10.3% 10.6% 10.3% 10.3% 10.8% 11.7% 11.4% 11.3% 11.1% 11.1% '17Y '18Y '19Y '20Y 2Q'21 Pro Forma¹ Hold Co Bank 11.8% 11.1% 10.0% 10.8% 9.7% 9.7% 11.1% 11.0% 10.9% 11.3% 10.4% 10.4% '17Y '18Y '19Y '20Y 2Q'21 Pro Forma¹ 13.2% 13.4% 12.8% 13.0% 12.7% 12.7% 11.4% 12.4% 12.0% 12.1% 11.8% 11.8% '17Y '18Y '19Y '20Y 2Q'21 Pro Forma¹

PAGE 26 YT D YT D For the Year Ended Decem ber 31, Actual Offering Pro Form a ($M) 2018Y 2019Y 2020Y 6/30/2021 Adjustm ents 6/30/2021 Investment in Subsidiaries $67 9.0 $7 21.0 $801.2 $87 6.1 $0.0 $87 6.1 Consolidated Equity 636.6 636.6 7 26.8 7 92.4 7 92.4 Double Leverage Ratio 106.7 % 113.3% 110.2% 110.6% 110.6% Total Deposit Interest $23.1 $40.2 $27 .4 $5.8 $5.8 Other Borrowing Expense 12.9 15.0 10.0 3.9 (1 .4) 2.5 Total Interest Expense 35.9 55.3 37 .4 9.7 (1 .4) 8.4 Pre-Tax Income $66.5 $7 5.4 $84.7 $7 9.5 $7 9.5 Preferred Stock Dividends³ $0.7 $0.0 $2.3 $2.1 $2.1 Ratio of Earnings to Interest Expense: Including Deposit Expense 2.9x 2.4x 3.3x 9.2x 10.7 x Excluding Deposit Expense 6.2x 6.0x 9.5x 21.4x 33.0x Ratio of Earnings to Interest Expense & Preferred Stock Dividends: Including Deposit Expense 2.8x 2.4x 3.1x 7 .6x 8.6x Excluding Deposit Expense 5.8x 6.0x 7 .7 x 14.0x 18.2x Double Leverage Interest Coverage PRO FORMA INTEREST COVERAGE & DOUBLE LEVERAGE (1) A ssumes proceeds of $50.0 million from the proposed offering of subordinated notes. Assumes proceeds are used to redeem $50.0 million of extant subordinated indebtedness with no net proceeds down streamed to the Bank (2) For i llustrative purposes only. Assumes offering proceeds of $50.0 million with an illustrative 3.75% coupon; includes the pr o forma impact of the redemption of any outstanding su bordinated notes at 6.50% (3) The preferred stock dividend requirement represents the amount of pre-tax earnings requ ired to cover the preferred stock dividend calculated based on the Company's effective income tax rate for the period Sou rce: Company filings; S&P Global Market Intelligence 1 2

PAGE 27 FINANCIAL HIGHLIGHTS (1) Reconciliations of non-GAAP financial measures can be found at the end of the presentation. Adjusted metrics exclude material gains and expenses related to acquisition-related activities, net of tax where applicable; (2) Includes discou nt accretion on purchased loans of $2,161 in 2Q21, $3,501 in 1Q21, $2,334 in 4Q20, $4,104 in 3Q20, and $2,139 in 2Q20 (dollars in thou sands); (3) Asset qu ality ratios exclude loans held for sale, except for nonperforming assets Sou rce: Company filings; S&P Global Market Intelligence Key Metrics June 30, 2021 March 31, 2021 December 31, 2020 September 30, 2020 June 30, 2020 Performance ratios - annualized Return on average assets 1 .8 4 % 2 .2 9 % 2 .2 1 % 1 .6 5 % 0.9 9 % Return on average tangible common equity (ROATCE) (1) 2 0.9 2 % 2 6 .1 9 % 2 5 .7 0 % 1 9 .4 3 % 1 2 .9 6 % Yield on loans(2) 7 .7 7 % 7 .2 4 % 7 .2 0 % 7 .05 % 6 .5 2 % Cost of total deposits 0.2 0 % 0.2 8 % 0.3 8 % 0.5 6 % 0.7 9 % Net interest margin(2) 6 .4 7 % 6 .06 % 6 .2 0 % 5 .8 3 % 5 .1 1 % Net non-interest expense to average assets 3 .7 5 % 3 .1 4 % 2 .5 4 % 3 .2 3 % 2 .4 0 % Adjusted net non-interest expense to average assets (1) 3 .5 5 % 3 .1 4 % 2 .5 4 % 3 .1 7 % 3 .1 1 % Efficiency ratio 6 7 .9 6 % 6 2 .5 7 % 5 5 .9 5 % 6 5 .1 5 % 6 2 .5 6 % Adjusted eff iciency ratio (1) 6 5 .09 % 6 2 .5 7 % 5 5 .9 5 % 6 4 .1 8 % 7 0.7 5 % Asset Quality(3) Non-performing assets to total assets 0.9 7 % 1 .1 5 % 1 .1 5 % 1 .5 2 % 1 .2 0 % ACL to total loans 0.9 5 % 0.9 4 % 1 .9 2 % 1 .8 8 % 1 .2 4 % Net charge-offs to average loans 0.01 % 0.8 5 % 0.03 % 0.02 % 0.02 % Capital Tier 1 capital to average assets 9 .7 3 % 1 0.8 9 % 1 0.8 0 % 1 0.7 5 % 9 .9 8 % Tier 1 capital to risk-w eighted assets 1 0.3 3 % 1 1 .2 8 % 1 0.6 0 % 1 0.3 2 % 1 0.5 7 % Common equity tier 1 capital to risk-w eighted assets 8 .7 4 % 9 .7 2 % 9 .05 % 8 .7 2 % 8 .8 4 % Total capital to risk-w eighted assets 1 2 .6 5 % 1 3 .5 8 % 1 3 .03 % 1 2 .9 4 % 1 3 .4 4 % Per Share Amounts Book value per share $ 2 9 .7 6 $ 2 8 .9 0 $ 2 7 .4 2 $ 2 6 .1 1 $ 2 5 .2 8 Tangible book value per share (1) $ 1 8 .3 5 $ 2 1 .3 4 $ 1 9 .7 8 $ 1 8 .3 8 $ 1 7 .5 9 Basic earnings per common share $ 1 .1 0 $ 1 .3 4 $ 1 .2 7 $ 0 .8 9 $ 0 .5 6 Diluted earnings per common share $ 1 .08 $ 1 .3 2 $ 1 .2 5 $ 0 .8 9 $ 0 .5 6 Adjusted diluted earnings per common share(1) $ 1 .1 7 $ 1 .3 2 $ 1 .2 5 $ 0 .9 1 $ 0 .2 5 As of and for the Three Months Ended

PAGE 28 NON-GAAP FINANCIAL RECONCILIATION Met ri cs and non- GAAP f inancial reconcil iation As of and for t he Three Months Ended D ecember 31, Sept ember30, June30, March 31, December31, ( Dol lars i n t housands, except per share amounts) 2020 2020 2020 2020 2019 Net i ncome availabl e t o common stockholders $31,328 $22, 005 $13, 40 $( 4,450) $16,709 Transaction costs — 827 — — — Gai n on sale of subsidiary or division — — ( 9, 758) — — Tax ef fect of adjustments — ( 197) 2,451 — — Adj usted net income avai labl e t o common stockhol ders $31,328 $22, 635 $6, 133 $( 4,450) $16,709 Weighted average shar es out st anding -di luted 25,053, 386 24, 802,388 24, 074,442 4, 314,329 25, 254, 862 Adjust ed i luted earnings per commonshare $1. 25 $0. 91 $0. 25 $( 0.18) $0. 66 Average t ot al stockhol ders' equity $720,892 $688, 327 $610,258 $627, 369 $647,546 Average prefered stock l iquidat ion preference ( 45,000) ( 45,000) ( 5,934) — — Average t otal common stockholders' equit y 675, 892 643, 327 604,324 627, 369 647, 546 Average goodwil l and ot her int angibles ( 191,017) ( 192,682) ( 187, 255) ( 189, 359) ( 191, 51) Average tangi bl e common st ockholders' equi ty $484,875 $450, 645$417,069 $438, 010 $455,995 Net i ncome ( los) $31,328 $22, 005 $13,440 $( 4,450) $16,709 Averaget ngi bl e common equity 484, 875 450, 645 417,069 438, 010 455,995 Ret urn on average t angible common equi ty 25.70% 19. 43% 12.96% ( 4.09%) 14.54% Adj ust ed ef icency rat i o: N et i nt erest i ncome $83, 598 $74, 379 $64, 251 $62, 500 $66, 408 Non-int erest i ncome 22,386 10, 493 20, 029 7, 477 8, 666 Operat ing revenue 105, 984 84, 872 84, 280 69, 977 75,074 Gain on sale of subsidiary or di vi si on — — ( 9, 758) — — Adj usted operat ing revenue $105,984 $84, 872 $74, 52 $69, 97 $75,074 Non-int erest expenses $59,298 $55, 297 $52,726 $54,753 $52, 661 Transacti on cost — ( 827) — — — Adj ustednon-i nterest expense $59,298 $54, 470 $52, 726 $54,753 $52, 661 Adjusted efi ci ency rati o 55.95% 64.18% 70.75% 78. 24% 70. 15% (Dollars in thousands, except share and per share amounts) June 30, 2021 March 31, 2021 December 31, 2020 September 30, 2020 June 30, 2020 Net income available to common stockholders $ 2 7 ,1 8 0 $ 3 3 ,1 2 2 $ 3 1 ,3 2 8 $ 2 2 ,005 $ 1 3 ,4 4 0 Transaction costs 2 ,9 9 2 - - 8 2 7 - Gain on sale of subsidiary or division - - - - (9 ,7 5 8 ) Tax effect of adjustments (7 1 5 ) - - (1 9 7 ) 2 ,4 5 1 Adjusted net income available to common stockholders - diluted $ 2 9 ,4 5 7 $ 3 3 ,1 2 2 $ 3 1 ,3 2 8 $ 2 2 ,6 3 5 $ 6 ,1 3 3 Weighted average shares outstanding - diluted 2 5 ,2 09 ,007 2 5 ,1 7 0,9 3 8 2 5 ,05 3 ,3 8 6 2 4 ,8 02 ,3 8 8 2 4 ,07 4 ,4 4 2 Adjusted diluted earnings per common share $ 1 .1 7 $ 1 .3 2 $ 1 .2 5 $ 0 .9 1 $ 0 .2 5 Average total stockholders' equity $ 7 8 6 ,4 04 $ 7 4 6 ,8 4 9 $ 7 2 0,8 9 2 $ 6 8 8 ,3 2 7 $ 6 1 0,2 5 8 Average preferred stock liquidation preference (4 5 ,000) (4 5 ,000) (4 5 ,000) (4 5 ,000) (5 ,9 3 4 ) Average total common stockholders' equity 7 4 1 ,4 04 7 01 ,8 4 9 6 7 5 ,8 9 2 6 4 3 ,3 2 7 6 04 ,3 2 4 Average goodw ill and other intangibles (2 2 0,3 1 0) (1 8 8 ,9 8 0) (1 9 1 ,01 7 ) (1 9 2 ,6 8 2 ) (1 8 7 ,2 5 5 ) Average tangible common stockholders' equity $ 5 2 1 ,09 4 $ 5 1 2 ,8 6 9 $ 4 8 4 ,8 7 5 $ 4 5 0,6 4 5 $ 4 1 7 ,06 9 Net income available to common stockholders $ 2 7 ,1 8 0 $ 3 3 ,1 2 2 $ 3 1 ,3 2 8 $ 2 2 ,005 $ 1 3 ,4 4 0 Average tangible common equity 5 2 1 ,09 4 5 1 2 ,8 6 9 4 8 4 ,8 7 5 4 5 0,6 4 5 4 1 7 ,06 9 Return on average tangible common equity 2 0.9 2 % 2 6 .1 9 % 2 5 .7 0% 1 9 .4 3 % 1 2 .9 6 % Net interest income $ 9 0,2 8 2 $ 8 3 ,02 0 $ 8 3 ,5 9 8 $ 7 4 ,3 7 9 $ 6 4 ,2 5 1 Non-interest income 1 3 ,8 9 6 1 4 ,2 9 1 2 2 ,3 8 6 1 0,4 9 3 2 0,02 9 Operating revenue 1 04 ,1 7 8 9 7 ,3 1 1 1 05 ,9 8 4 8 4 ,8 7 2 8 4 ,2 8 0 Gain on sale of subsidiary or division - - - - (9 ,7 5 8 ) Adjusted operating revenue $ 1 04 ,1 7 8 $ 9 7 ,3 1 1 $ 1 05 ,9 8 4 $ 8 4 ,8 7 2 $ 7 4 ,5 2 2 Non-interest expenses $ 7 0,7 9 8 $ 6 0,8 9 2 $ 5 9 ,2 9 8 $ 5 5 ,2 9 7 $ 5 2 ,7 2 6 Transaction costs (2 ,9 9 2 ) - - (8 2 7 ) - Adjusted non-interest expenses $ 6 7 ,8 06 $ 6 0,8 9 2 $ 5 9 ,2 9 8 $ 5 4 ,4 7 0 $ 5 2 ,7 2 6 Adjusted eff iciency ratio 6 5 .09 % 6 2 .5 7 % 5 5 .9 5 % 6 4 .1 8 % 7 0.7 5 % As of and for the Three Months Ended

PAGE 29 NON-GAAP FINANCIAL RECONCILIATION (CONT’D) Met ri cs and non- GAAP f inancial reconcil iation ( cont'd) As of and f or t he Thre Months Ended D ecember 31, Sept ember30, June30, March 31, D ecember31, ( Dol ars i n thousands, except per share amounts) 2020 2020 2020 2020 2019 Adj usted net non-int erest expense t o average asets rati o: N on- i nt erest expenses $59,298 $55, 297 $52,726 $54, 753 $52, 61 Transaction costs — ( 827) — — — Adj usted non-i nt erest expense 59, 298 54, 470 52, 726 54, 753 52, 661 Total non-i nt erest income 22,386 10,493 20, 029 7, 47 8, 666 Gain on sale of subsidi ary or divison — — ( 9, 758) — — Adj usted non- interest i ncome $22, 386 $10,493 $10,271 $7, 47 $8, 666 Adj ust ed net non-i nt erest expenses $36,912 $43, 97 $42, 455 $47,276 $43, 995 Average t otal assets $5,788, 549 $5, 518,708 $5, 487, 072 $4, 906, 547 $5, 050,860 Adj ust ed net non-i nt erest expense t o average assets rat io 2. 54% 3.17% 3. 1% 3.88% 3. 46% Tot al st ockhol ders' equity $726,781 $693, 842 $656,871 $589, 347 $636,590 Preferred st ock liquidation preference ( 45,000) ( 45,000) ( 45,000) — — Tot al common stockhol ders' equit y 681,781 648, 842 611, 871 589,347 636, 590 Goodwil and ot her intangi bl es ( 189, 922) ( 192, 041) ( 186,162) ( 188,208) ( 190,286) Tangi ble common stockholder s' equit y $491, 859 $456,801 $425, 709 $401,139 $446, 304 Common shares out standing at end of period 24,868,218 24, 851,601 24, 202,686 24, 101, 120 24, 964, 961 Tangible bok value per share $19. 78 $18. 38 $17.59 $16.64 $17.88 Tot al asset s at end of period $5, 935,791 $5, 836,787 $5, 617,493 $5, 353,729 $5, 060,297 Goodwil and other i ntangi bles ( 189,922) ( 192,041) ( 186, 162) ( 188, 208) ( 190,286) Tangible aset s at period end $5, 745,869 $5, 644,746 $5, 431,331 $5, 165,521 $4, 870, 011 Tangible common stockhol ders' equity rat io 8. 56% 8. 09% 7. 84% 7.77% 9.16% (Dollars in thousands, except share and per share amounts) June 30, 2021 March 31, 2021 December 31, 2020 September 30, 2020 June 30, 2020 Adjusted net non-interest expense to average assets ratio: Non-interest expenses $ 7 0,7 9 8 $ 6 0,8 9 2 $ 5 9 ,2 9 8 $ 5 5 ,2 9 7 $ 5 2 ,7 2 6 Transaction costs (2 ,9 9 2 ) - - (8 2 7 ) - Adjusted non-interest expenses $ 6 7 ,8 06 $ 6 0,8 9 2 $ 5 9 ,2 9 8 $ 5 4 ,4 7 0 $ 5 2 ,7 2 6 Total non-interest income $ 1 3 ,8 9 6 $ 1 4 ,2 9 1 $ 2 2 ,3 8 6 $ 1 0,4 9 3 $ 2 0,02 9 Gain on sale of subsidiary or division - - - - (9 ,7 5 8 ) Adjusted non-interest income $ 1 3 ,8 9 6 $ 1 4 ,2 9 1 $ 2 2 ,3 8 6 $ 1 0,4 9 3 $ 1 0,2 7 1 Adjusted net non-interest expenses $ 5 3 ,9 1 0 $ 4 6 ,6 01 $ 3 6 ,9 1 2 $ 4 3 ,9 7 7 $ 4 2 ,4 5 5 Average total assets $ 6 ,09 3 ,8 05 $ 6 ,01 3 ,6 6 8 $ 5 ,7 8 8 ,5 4 9 $ 5 ,5 1 8 ,7 08 $ 5 ,4 8 7 ,07 2 Adjusted net non-interest expense to average assets ratio 3 .5 5 % 3 .1 4 % 2 .5 4 % 3 .1 7 % 3 .1 1 % Total stockholders' equity $ 7 9 2 ,3 8 8 $ 7 6 4 ,004 $ 7 2 6 ,7 8 1 $ 6 9 3 ,8 4 2 $ 6 5 6 ,8 7 1 Preferred stock liquidation preference (4 5 ,000) (4 5 ,000) (4 5 ,000) (4 5 ,000) (4 5 ,000) Total common stockholders' equity 7 4 7 ,3 8 8 7 1 9 ,004 6 8 1 ,7 8 1 6 4 8 ,8 4 2 6 1 1 ,8 7 1 Goodw ill and other intangibles (2 8 6 ,5 6 7 ) (1 8 8 ,006 ) (1 8 9 ,9 2 2 ) (1 9 2 ,04 1 ) (1 8 6 ,1 6 2 ) Tangible common stockholders' equity $ 4 6 0,8 2 1 $ 5 3 0,9 9 8 $ 4 9 1 ,8 5 9 $ 4 5 6 ,8 01 $ 4 2 5 ,7 09 Common shares outstanding 2 5 ,1 09 ,7 03 2 4 ,8 8 2 ,9 2 9 2 4 ,8 6 8 ,2 1 8 2 4 ,8 5 1 ,6 01 2 4 ,2 02 ,6 8 6 Tangible book value per share $ 1 8 .3 5 $ 2 1 .3 4 $ 1 9 .7 8 $ 1 8 .3 8 $ 1 7 .5 9 Total assets at end of period $ 6 ,01 5 ,8 7 7 $ 6 ,09 9 ,6 2 8 $ 5 ,9 3 5 ,7 9 1 $ 5 ,8 3 6 ,7 8 7 $ 5 ,6 1 7 ,4 9 3 Goodw ill and other intangibles (2 8 6 ,5 6 7 ) (1 8 8 ,006 ) (1 8 9 ,9 2 2 ) (1 9 2 ,04 1 ) (1 8 6 ,1 6 2 ) Tangible assets at period end $ 5 ,7 2 9 ,3 1 0 $ 5 ,9 1 1 ,6 2 2 $ 5 ,7 4 5 ,8 6 9 $ 5 ,6 4 4 ,7 4 6 $ 5 ,4 3 1 ,3 3 1 Tangible common stockholders' equity ratio 8 .04 % 8 .9 8 % 8 .5 6 % 8 .09 % 7 .8 4 % As of and for the Three Months Ended

PAGE 30 NON-GAAP FINANCIAL RECONCILIATION (CONT’D) Met ri cs and non- GAAP f inancial reconcil iation ( cont'd) As of and f or t he Thre Months Ended D ecember 31, Sept ember30, June30, March 31, D ecember31, ( Dol ars i n thousands, except per share amounts) 2020 2020 2020 2020 2019 Adj usted net non-int erest expense t o average asets rati o: N on- i nt erest expenses $59,298 $55, 297 $52,726 $54, 753 $52, 61 Transaction costs — ( 827) — — — Adj usted non-i nt erest expense 59, 298 54, 470 52, 726 54, 753 52, 661 Total non-i nt erest income 22,386 10,493 20, 029 7, 47 8, 666 Gain on sale of subsidi ary or divison — — ( 9, 758) — — Adj usted non- interest i ncome $22, 386 $10,493 $10,271 $7, 47 $8, 666 Adj ust ed net non-i nt erest expenses $36,912 $43, 97 $42, 455 $47,276 $43, 995 Average t otal assets $5,788, 549 $5, 518,708 $5, 487, 072 $4, 906, 547 $5, 050,860 Adj ust ed net non-i nt erest expense t o average assets rat io 2. 54% 3.17% 3. 1% 3.88% 3. 46% Tot al st ockhol ders' equity $726,781 $693, 842 $656,871 $589, 347 $636,590 Preferred st ock liquidation preference ( 45,000) ( 45,000) ( 45,000) — — Tot al common stockhol ders' equit y 681,781 648, 842 611, 871 589,347 636, 590 Goodwil and ot her intangi bl es ( 189, 922) ( 192, 041) ( 186,162) ( 188,208) ( 190,286) Tangi ble common stockholder s' equit y $491, 859 $456,801 $425, 709 $401,139 $446, 304 Common shares out standing at end of period 24,868,218 24, 851,601 24, 202,686 24, 101, 120 24, 964, 961 Tangible bok value per share $19. 78 $18. 38 $17.59 $16.64 $17.88 Tot al asset s at end of period $5, 935,791 $5, 836,787 $5, 617,493 $5, 353,729 $5, 060,297 Goodwil and other i ntangi bles ( 189,922) ( 192,041) ( 186, 162) ( 188, 208) ( 190,286) Tangible aset s at period end $5, 745,869 $5, 644,746 $5, 431,331 $5, 165,521 $4, 870, 011 Tangible common stockhol ders' equity rat io 8. 56% 8. 09% 7. 84% 7.77% 9.16% As of (Dollars in thousands) 2016 2017 2018 2019 2020 June 30, 2021 Total stockholders' equity $ 2 8 9 ,3 4 5 $ 3 9 1 ,6 9 8 $ 6 3 6 ,6 07 $ 6 3 6 ,5 9 0 $ 7 2 6 ,7 8 1 $ 7 9 2 ,3 8 8 Preferred stock liquidation preference (9 ,7 4 6 ) (9 ,6 5 8 ) - - (4 5 ,000) (4 5 ,000) Total common stockholders' equity $ 2 7 9 ,5 9 9 $ 3 8 2 ,04 0 $ 6 3 6 ,6 07 $ 6 3 6 ,5 9 0 $ 6 8 1 ,7 8 1 $ 7 4 7 ,3 8 8 Goodw ill and other intangibles (4 6 ,5 3 1 ) (6 3 ,7 7 8 ) (1 9 9 ,4 1 7 ) (1 9 0,2 8 6 ) (1 8 9 ,9 2 2 ) (2 8 6 ,5 6 7 ) Tangible common stockholders' equity $ 2 3 3 ,06 8 $ 3 1 8 ,2 6 2 $ 4 3 7 ,1 9 0 $ 4 4 6 ,3 04 $ 4 9 1 ,8 5 9 $ 4 6 0,8 2 1 As of December 31,

PAGE 31 NON-GAAP FINANCIAL RECONCILIATION (CONT’D) Met ri cs and non- GAAP f inancial reconcil iation ( cont'd) As of and f or t he Thre Months Ended D ecember 31, Sept ember30, June30, March 31, D ecember31, ( Dol ars i n thousands, except per share amounts) 2020 2020 2020 2020 2019 Adj usted net non-int erest expense t o average asets rati o: N on- i nt erest expenses $59,298 $55, 297 $52,726 $54, 753 $52, 61 Transaction costs — ( 827) — — — Adj usted non-i nt erest expense 59, 298 54, 470 52, 726 54, 753 52, 661 Total non-i nt erest income 22,386 10,493 20, 029 7, 47 8, 666 Gain on sale of subsidi ary or divison — — ( 9, 758) — — Adj usted non- interest i ncome $22, 386 $10,493 $10,271 $7, 47 $8, 666 Adj ust ed net non-i nt erest expenses $36,912 $43, 97 $42, 455 $47,276 $43, 995 Average t otal assets $5,788, 549 $5, 518,708 $5, 487, 072 $4, 906, 547 $5, 050,860 Adj ust ed net non-i nt erest expense t o average assets rat io 2. 54% 3.17% 3. 1% 3.88% 3. 46% Tot al st ockhol ders' equity $726,781 $693, 842 $656,871 $589, 347 $636,590 Preferred st ock liquidation preference ( 45,000) ( 45,000) ( 45,000) — — Tot al common stockhol ders' equit y 681,781 648, 842 611, 871 589,347 636, 590 Goodwil and ot her intangi bl es ( 189, 922) ( 192, 041) ( 186,162) ( 188,208) ( 190,286) Tangi ble common stockholder s' equit y $491, 859 $456,801 $425, 709 $401,139 $446, 304 Common shares out standing at end of period 24,868,218 24, 851,601 24, 202,686 24, 101, 120 24, 964, 961 Tangible bok value per share $19. 78 $18. 38 $17.59 $16.64 $17.88 Tot al asset s at end of period $5, 935,791 $5, 836,787 $5, 617,493 $5, 353,729 $5, 060,297 Goodwil and other i ntangi bles ( 189,922) ( 192,041) ( 186, 162) ( 188, 208) ( 190,286) Tangible aset s at period end $5, 745,869 $5, 644,746 $5, 431,331 $5, 165,521 $4, 870, 011 Tangible common stockhol ders' equity rat io 8. 56% 8. 09% 7. 84% 7.77% 9.16% TriumphPay (Dollars in thousands) TriumphPay Excluding HubTran Impact Total revenue 3 ,6 00$ 3 ,6 00$ HubTran revenue — (1 ,000) Adjusted total revenue 3 ,6 00$ 2 ,6 00$ Total expenses 1 0,8 00$ 1 0,8 00$ Transactions costs (HubTran) (3 ,000) (3 ,000) HubTran expenses — (1 ,3 00) Adjusted total expenses 7 ,8 00$ 6 ,5 00$ (Dollars in thousands) GAAP Adjusted Total revenue for the three months ended June 30, 2021 5 5 ,7 00$ 5 5 ,7 00$ Total revenue for the three months ended June 30, 2020 6 4 ,7 00$ 6 4 ,7 00$ Gain on sale of subsidiary or division — (9 ,8 00) Adjusted total revenue for the three months ended June 30, 2020 6 4 ,7 00$ 5 4 ,9 00$ Year over year grow th (1 3 .9 %) 1 .5 % Payments Segment For the Three Months Ended June 30, 2021 Banking/Corporate Segment

PAGE 32 NON-GAAP FINANCIAL RECONCILIATION (CONT’D) Met ri cs and non- GAAP f inancial reconcil iation ( cont'd) As of and f or t he Thre Months Ended D ecember 31, Sept ember30, June30, March 31, D ecember31, ( Dol ars i n thousands, except per share amounts) 2020 2020 2020 2020 2019 Adj usted net non-int erest expense t o average asets rati o: N on- i nt erest expenses $59,298 $55, 297 $52,726 $54, 753 $52, 61 Transaction costs — ( 827) — — — Adj usted non-i nt erest expense 59, 298 54, 470 52, 726 54, 753 52, 661 Total non-i nt erest income 22,386 10,493 20, 029 7, 47 8, 666 Gain on sale of subsidi ary or divison — — ( 9, 758) — — Adj usted non- interest i ncome $22, 386 $10,493 $10,271 $7, 47 $8, 666 Adj ust ed net non-i nt erest expenses $36,912 $43, 97 $42, 455 $47,276 $43, 995 Average t otal assets $5,788, 549 $5, 518,708 $5, 487, 072 $4, 906, 547 $5, 050,860 Adj ust ed net non-i nt erest expense t o average assets rat io 2. 54% 3.17% 3. 1% 3.88% 3. 46% Tot al st ockhol ders' equity $726,781 $693, 842 $656,871 $589, 347 $636,590 Preferred st ock liquidation preference ( 45,000) ( 45,000) ( 45,000) — — Tot al common stockhol ders' equit y 681,781 648, 842 611, 871 589,347 636, 590 Goodwil and ot her intangi bl es ( 189, 922) ( 192, 041) ( 186,162) ( 188,208) ( 190,286) Tangi ble common stockholder s' equit y $491, 859 $456,801 $425, 709 $401,139 $446, 304 Common shares out standing at end of period 24,868,218 24, 851,601 24, 202,686 24, 101, 120 24, 964, 961 Tangible bok value per share $19. 78 $18. 38 $17.59 $16.64 $17.88 Tot al asset s at end of period $5, 935,791 $5, 836,787 $5, 617,493 $5, 353,729 $5, 060,297 Goodwil and other i ntangi bles ( 189,922) ( 192,041) ( 186, 162) ( 188, 208) ( 190,286) Tangible aset s at period end $5, 745,869 $5, 644,746 $5, 431,331 $5, 165,521 $4, 870, 011 Tangible common stockhol ders' equity rat io 8. 56% 8. 09% 7. 84% 7.77% 9.16% Triumph uses certain non-GAAP financial measures to provide meaningful supplemental information regarding Triumph's operational performance and to enhance investors' overall understanding of such financial performance. The non-GAAP measures used by Triumph include the following: • “Adjusted diluted earnings per common share” is defined as adjusted net income available to common stockholders divided by adj usted weighted average diluted common shares outstanding. Excluded from net income available to common stockholders are material gains and expenses related to merger and acquisition-related activities, including divestitures, net of tax. In our judgment, the adjustments made to net income available to common stockholders allow management and investors to better assess our performance in relation to our core net income by removing the volatility associated with certain acquisition-related items and other discrete items that are unrelated to our core business. Weighted average diluted common shares outstanding are adjusted as a result of changes in their dilutive properties given thegain and expense adjustments described herein. • "Common stockholders' equity" is defined as total stockholders' equity less preferred stock. • "Tangible common stockholders' equity" is defined as common stockholders' equity less goodwill and other intangible assets. • "Total tangible assets" is defined as total assets less goodwill and other intangible assets. • "Tangible book value per share" is defined as tangible common stockholders' equity divided by total common shares outstanding.This measure is important to investors interested in changes from period-to-period in book value per share exclusive of changes in intangible assets. • "Tangible common stockholders' equity ratio" is defined as the ratio of tangible common stockholders' equity divided by total tangible assets. We believe that this measure is important to many investors in the marketplace who are interested in relative changes from period-to period in common equity and total assets, each exclusive of changes in intangible assets. • "Return on Average Tangible Common Equity" is defined as net income available to common stockholders divided by average tangible common stockholders' equity. • "Adjusted efficiency ratio" is defined as non-interest expenses divided by our operating revenue, which is equal to net interest income plus non- interest income. Also excluded are material gains and expenses related to merger and acquisition-related activities, including divestitures. In our judgment, the adjustments made to operating revenue and non-interest expense allow management and investors to better assess our performance in relation to our core operating revenue by removing the volatility associated with certain acquisition-related items and other discrete items that are unrelated to our core business. • "Adjusted net non-interest expense to average total assets" is defined as non-interest expenses net of non-interest income divided by total average assets. Excluded are material gains and expenses related to merger and acquisition-related activities, including divestitures. This metric is used by our management to better assess our operating efficiency.

Appendix TriumphPay

PAGE 34 TriumphPay is the payments network for trucking, creating frictionless presentment, audit and payment of invoices +

PAGE 35 Brokers 482 Factors 60 Payment Volume** $13.7 Billion Carriers* 135K+ TRIUMPHPAY INTEGRATIONS ARE THE FOCUS * Uniqu e carriers paid in the last 12 months. ** A nnualized payment volume of TriumphPay in 2Q21 $13.7B. HubTran customers present an additional $13B payment opportunity. Sou rce: Company filings

PAGE 36 TRIUMPHPAY INTEGRATIONS ARE THE FOCUS KEY PERFORMANCE INDICATORS 25 New Brokers in 2Q21 5 New Factors in 2Q21 Top 20 Factors Represent 75% of the Factor Industry Top 25 Brokers Represent 40% of the Broker Industry

PAGE 37 FOR-HIRE TRUCKING ~$420 Billion* CONTRACT SHIPPING ~$250 Billion* BROKERED FREIGHT ~$170 Billion* TOTAL ADDRESSABLE MARKET In 2Q21, TriumphPay paid an annualized $11.2 billion on behalf of 250 freight broker clients In 2Q21, TriumphPay paid an annualized $2.5 billion on behalf of 36 contract shipping clients * This data utilizes high-level estimates from multiple data sources including ATA industry reports (2019), FMCSA authority registrations, carrier reported numbers of power units, mercantile credit bureau reports, Broughton Capital reports and Triumph’s own portfolio data Sou rce: Company filings

PAGE 38 TOTAL ADDRESSABLE MARKET: PAYMENT VOLUME * This data utilizes high-level estimates from multiple data sources including ATA industry reports (2019), FMCSA authority registrations, carrier reported numbers of power units, mercantile credit bureau reports, Broughton Capital reports and Triumph’s own portfolio data Sou rce: Company filings

PAGE 39 TOTAL ADDRESSABLE MARKET: PARTICIPANTS * This data utilizes high-level estimates from multiple data sources including ATA industry reports (2019), FMCSA authority registrations, carrier reported numbers of power units, mercantile credit bureau reports, Broughton Capital reports and Triumph’s own portfolio data ** Uniqu e carriers paid in the last 12 months Sou rce: Company filings