Recent work [DJS18, KM22, KMT22, KM23] has produced new ways to encode the data of a torus equivariant vector bundle over a toric variety by certain representable matroid(s) labeled by polyhedral data. In this paper we show that this data makes sense for non-representable matroids as well. We call the resulting combinatorial objects toric matorid bundles. Alternatively, they can also be called tropical vector bundles. We define equivariant K-theory and characteristic classes of these bundles. As a particular case, we show that any matroid comes with tautological toric matroid bundles over the permutahedral toric variety and the corresponding equivariant K-classes and Chern classes agree with those in the recent work [BEST23] on matroid invariants. Moreover, in analogy with toric vector bundles, we define sheaf of sections and Euler characteristic as well as positivity notions such as global generation, ampleness and nefness for toric matroid bundles. Finally, we study the splitting of toric matroid bundles and, in particular, an analogue of Grothendieck's theorem on splitting of vector bundles on P 1 . Contents 19 7. Tautological matroid bundles on the permutahedral variety 23 8. Matroid extensions and toric matroid bundles 27 9. Splitting of toric matroid bundles and ampleness 29 References 32This is a preliminary version, comments are welcomed.