Exhibit 99.1
TRIUMPH BANCORP ANNOUNCES PRICING OF OFFERING OF SERIES C PREFERRED STOCK DEPOSITARY SHARES
Dallas, Texas — June 16, 2020 — Triumph Bancorp, Inc. (Nasdaq: TBK) (“the Company”) announced the pricing of its underwritten public offering (the “Offering”) of 1,800,000 depositary shares, each of which represents a 1/40th interest in a share of its 7.125% Series C Fixed-RateNon-Cumulative Perpetual Preferred Stock, $1,000 liquidation preference per share (equivalent to $25.00 per depositary share), for gross proceeds of $45.0 million. Net proceeds to the Company, after deducting the underwriting discount but before deducting estimated offering expenses and fees payable by the Company, are expected to be $43.6 million. The Company has granted the underwriters an option, exercisable in whole or in part for 30 days, to purchase up to an additional 270,000 depositary shares at the public offering price, less the underwriting discount.
The Company expects to close the offering, subject to customary conditions, on or about June 19, 2020. We have filed an application to list the depositary shares on the Nasdaq Global Select Market (“Nasdaq”) under the symbol “TBKCP”. If the application is approved, trading of the depositary shares on Nasdaq is expected to begin within 30 days after the closing date.
B. Riley FBR, D.A. Davidson & Co., Janney Montgomery Scott and Oppenheimer & Co. are serving as joint book-running managers for the offering. Ladenburg Thalmann is serving as lead manager for the offering and William Blair & Company, Incapital, Boenning & Scattergood and Wedbush Securities are serving asco-managers for the offering.
The Company intends to use the net proceeds of the Offering for general corporate purposes, which may include working capital and the funding of organic growth or potential acquisitions.
The depositary shares are being offered pursuant to an effective shelf registration statement (FileNo. 333-237663) the Company filed with the Securities and Exchange Commission (the “SEC”), which became effective on April 14, 2020, and only by means of a prospectus supplement and accompanying prospectus. Prospective investors should read the preliminary prospectus supplement, the final prospectus supplement (when available) and the accompanying prospectus and other documents the Company has filed with the SEC for more complete information about the Company and the offering. Copies of these documents are available at no charge by visiting the SEC’s website at www.sec.gov. When available, copies of the preliminary prospectus supplement, the prospectus supplement and the accompanying prospectus related to the offering may be obtained by contacting B. Riley FBR, Inc., Attn: Prospectus Department, by emailing prospectuses@brileyfbr.com, or by calling (703)312-9580.
