XML 54 R36.htm IDEA: XBRL DOCUMENT
v3.25.2

STOCK BASED COMPENSATION (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Changes in Company's Nonvested Restricted Stock Awards | A summary of changes in the Company’s nonvested Restricted Stock Awards (“RSAs”) under the Omnibus Incentive Plan for the six months ended June 30, 2025 were as follows:
Nonvested RSAs |  | Shares |  | Weighted-Average Grant-Date Fair Value
Nonvested at January 1, 2025 |  | 48,868 |  |  | 90.18 |
Granted |  | — |  |  | — |
Vested |  | (48,293) |  |  | 90.21 |
Forfeited |  | (575) |  |  | 87.77 |
Nonvested at June 30, 2025 |  | — |  |  | — |
Schedule of Changes in Company's Nonvested Restricted Stock Units | A summary of changes in the Company’s nonvested Restricted Stock Units (“RSUs”) under the Omnibus Incentive Plan for the six months ended June 30, 2025 were as follows:
Nonvested RSUs |  | Shares |  | Weighted-Average Grant-Date Fair Value
Nonvested at January 1, 2025 |  | 224,568 |  |  | 66.07 |
Granted |  | 108,545 |  |  | 55.42 |
Vested |  | (88,110) |  |  | 70.18 |
Forfeited |  | (27,573) |  |  | 60.99 |
Nonvested at June 30, 2025 |  | 217,430 |  |  | 59.73 |
Schedule of Changes in Company's Nonvested Performance Stock Units | A summary of changes in the Company’s nonvested Market Based Performance Stock Units (“Market Based PSUs”) under the Omnibus Incentive Plan for the six months ended June 30, 2025 were as follows:
Nonvested Market Based PSUs |  | Shares |  | Weighted-Average Grant-Date Fair Value
Nonvested at January 1, 2025 |  | 167,780 |  |  | $ | 93.10 |
Granted |  | 115,508 |  |  | 93.21 |
Performance adjustment |  | (19,595) |  |  | — |
Vested |  | (9,793) |  |  | 89.79 |
Forfeited |  | (4,443) |  |  | 105.59 |
Nonvested at June 30, 2025 |  | 249,457 |  |  | $ | 93.97 |
Schedule of Fair Value of Market Based Performance Stock Units, Weighted Average Assumptions | The fair value of the Market Based PSUs granted was determined using the following weighted-average assumptions:
|  | Six Months Ended June 30,
|  | 2025 |  | 2024
Grant date |  | May 1, 2025 |  | May 1, 2024
Performance period |  | 3.00 years |  | 3.00 years
Stock price |  | $ | 54.38 |  |  | $ | 72.00 |
Triumph Financial stock price volatility |  | 42.22 | % |  | 42.31 | %
Risk-free rate |  | 3.62 | % |  | 4.67 | %
Schedule of Changes in Company's Stock Options | A summary of the changes in the Company’s stock options under the Omnibus Incentive Plan for the six months ended June 30, 2025 were as follows:
Stock Options |  | Shares |  | Weighted-Average Exercise Price |  | Weighted-Average Remaining Contractual Term (In Years) |  | Aggregate Intrinsic Value (In Thousands)
Outstanding at January 1, 2025 |  | 257,603 |  |  | $ | 49.68 |  |  |  |  |
Granted |  | 91,552 |  |  | 54.38 |  |  |  |  |
Exercised |  | (495) |  |  | 51.25 |  |  |  |  |
Forfeited or expired |  | (4,836) |  |  | 65.62 |  |  |  |  |
Outstanding at June 30, 2025 |  | 343,824 |  |  | $ | 50.71 |  |  | 6.61 |  | $ | 3,246 |
Fully vested shares and shares expected to vest at June 30, 2025 |  | 343,824 |  |  | $ | 50.71 |  |  | 6.61 |  | $ | 3,246 |
Shares exercisable at June 30, 2025 |  | 184,936 |  |  | $ | 44.26 |  |  | 4.43 |  | $ | 3,076 |
Schedule of Information Related to Stock Options | Information related to the stock options for the six months ended June 30, 2025 and 2024 was as follows:
|  | Six Months Ended June 30,
(Dollars in thousands, except per share amounts) |  | 2025 |  | 2024
Aggregate intrinsic value of options exercised |  | $ | 14 |  |  | $ | 289 |
Cash received from option exercises, net |  | 25 |  |  | 144 |
Tax benefit realized from option exercises |  | 3 |  |  | 61 |
Weighted average fair value per share of options granted |  | $ | 28.35 |  |  | $ | 37.30 |
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions | The fair value of the stock options granted was determined using the following weighted-average assumptions:
|  | Six Months Ended June 30,
|  | 2025 |  | 2024
Risk-free interest rate |  | 3.88 | % |  | 4.52 | %
Expected term |  | 6.25 years |  | 6.25 years
Expected stock price volatility |  | 48.48 | % |  | 46.50 | %
Dividend yield |  | — |  |  | — |

X
- Definition Share Based Compensation Performance Stock Units Valuation Assumptions Table + References No definition available. + Details
Name: | tbk_ShareBasedCompensationPerformanceStockUnitsValuationAssumptionsTableTableTextBlock
Namespace Prefix: | tbk_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cash received from exercise of stock options and similar instruments granted under share-based payment arrangements and tax benefit from exercise of stock options. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2A -Subparagraph (a) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2A + Details
Name: | us-gaap_CashProceedsReceivedAndTaxBenefitFromShareBasedPaymentAwardsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_NonvestedRestrictedStockSharesActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of number and weighted-average grant date fair value for nonvested performance shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ShareBasedCompensationPerformanceSharesAwardUnvestedActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration