Triumph Bancorp, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported total interest income of $37,774,000 compared to $25,281,000 a year ago. Net interest income was $33,544,000 compared to $23,050,000 a year ago. Net income before income tax was $6,541,000 compared to $3,554,000 a year ago. Net income available to common stockholders was $6,064,000 compared to $4,312,000 a year ago. Fully diluted earnings per share were $0.33 compared to $0.24 a year ago. Adjusted net income available to common stockholders was $6,064,000 or $0.33 per diluted share compared to $3,412,000 or $0.19 per diluted share a year ago. For the quarter ended December 31, 2016, annualized return on average common equity and return on average assets were 8.60% and 0.96%, respectively, compared to an annualized return on average common equity and return on average assets of 6.51% and 0.84%, respectively, for the quarter ended September 30, 2016.

For the year, the company reported total interest income of $124,492,000 compared to $98,760,000 a year ago. Net interest income was $112,358,000 compared to $90,651,000 a year ago. Net income before income tax was $33,509,000 compared to $37,554,000 a year ago. Net income available to common stockholders was $19,813,000 compared to $28,353,000 a year ago. Fully diluted earnings per share were $1.10 compared to $1.57 a year ago. Adjusted net income available to common stockholders was $21,963,000 or $1.17 per diluted share compared to $14,337,000 or $0.80 per diluted share a year ago. Return on average assets was 1.10% against 0.78% a year ago. Return on average common equity was 7.29% and return on average assets was 1.00% for the year ended December 31, 2016, compared to 11.44% and 1.89%, respectively, for the year ended December 31, 2015.  Tangible book value per share was $12.89 compared to $12.79 a year ago. Book value per share was $15.47 compared to $14.34 a year ago.

The company recorded net charge-offs of $1.95 million for the quarter ended December 31, 2016 compared to net charge-offs of $1.68 million for the quarter ended September 30, 2016.