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    Matthew Olney • Stephens Inc.

    Matthew Olney's questions to Veritex Holdings Inc (VBTX) leadership

    Matthew Olney's questions to Veritex Holdings Inc (VBTX) leadership • Q1 2025

    Question

    Matthew Olney asked about the capital management strategy concerning a subordinated debt instrument that becomes callable later in the year and requested more color on the recent migration of loans into nonaccrual status.

    Answer

    CFO Terry Earley and CEO Malcolm Holland indicated that while a full payoff of the $125 million sub debt is unlikely, a partial paydown is highly probable, and a complete refinance is also a possibility depending on market conditions. Chief Credit Officer Curtis Anderson clarified that the nonaccrual migrations involved long-standing names that are being actively managed toward resolution, with an expectation they will be moved off the books by early Q3.

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    Matthew Olney's questions to Triumph Financial Inc (TFIN) leadership

    Matthew Olney's questions to Triumph Financial Inc (TFIN) leadership • Q3 2024

    Question

    Matthew Olney of Stephens Inc. inquired about the 2025 monetization strategy for the TriumphPay platform, given management's continued cautious outlook on the overall freight market.

    Answer

    President of TriumphPay Melissa Forman stated that monetization is actively occurring, highlighting over 30% year-over-year fee revenue growth despite the market headwinds, driven by added value and new features. CEO Aaron Graft supported this, noting the freight recession masks significant underlying progress and that fee revenue, the most valuable type, continues to grow. He emphasized that if the market normalizes, the platform's performance would accelerate significantly.

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