TBK - Triumph Bancorp's New Preferred Issue Is High Yield But High Risk
A couple of weeks ago, Triumph Bancorp (TBK) became the latest bank to raise capital through a preferred share IPO. The preferred shares, Series C 7.125% Non-Cumulative, are the only current preferred share issuance from the bank. With the yield slightly higher than its peers, investors may be tempted to partake in this offering, however, there are risk factors that should be known prior to investing.
Symbol: TBKCP
Company Name: Triumph Bancorp
Sector: Banking
Call Price: $25.00 per share
Call Date: June 30, 2025
Annual Dividend ($): $1.78125 per share
Dividend Yield