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STOCK BASED COMPENSATION (Tables)

9 Months Ended

Sep. 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 nine months ended September 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 September 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 nine months ended September 30, 2025 were as follows:

Nonvested RSUs						Shares						Weighted-Average Grant-Date Fair Value
Nonvested at January 1, 2025						224,568						66.07
Granted						115,572						55.77
Vested						(95,137)						69.51
Forfeited						(43,793)						59.51
Nonvested at September 30, 2025						201,210						59.95

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 nine months ended September 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						(7,937)						103.82
Nonvested at September 30, 2025						245,963						$	93.86

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:

						Nine Months Ended September 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 nine months ended September 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						(6,667)						32.76
Forfeited						(9,503)						64.28
Expired						(452)						$	72.00
Outstanding at September 30, 2025						332,533						$	50.87					6.33						$	2,306
Fully vested shares and shares expected to vest at September 30, 2025						332,533						$	50.87					6.33						$	2,306
Shares exercisable at September 30, 2025						178,312						$	44.63					4.09						$	2,306

Schedule of Information Related to Stock Options

Information related to the stock options for the nine months ended September 30, 2025 and 2024 was as follows:

						Nine Months Ended September 30,
(Dollars in thousands, except per share amounts)						2025						2024
Aggregate intrinsic value of options exercised						$	214					$	895
Cash received from option exercises, net						218						425
Tax benefit realized from option exercises						45						188
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:

						Nine Months Ended September 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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