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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						—						—

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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.

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Tabular disclosure of the changes in outstanding nonvested restricted stock shares.

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