Triumph Bancorp
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Trucking
Aggressive growth targets for TriumphPay laid out
A $4.8 billion run rate for the quarter is expected to be at $7 billion by the end of the year: Triumph Bancorp CEO Graft
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Company earnings
Average size of factored invoice rises at Triumph Bancorp
At $1,931, it’s up from both the second quarter of this year and Q3 of 2019
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Trucking
Investors, Wall Street research firm like Covenant’s bullish forecast
Cowen raises price projection for the truckload carrier after its announced third-quarter forecast
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Truckload
Covenant follow: Strong third-quarter freight market will mean significant improvement in company’s OR
Covenant also announces it reached agreement with Triumph over sale of TFS factoring unit
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Business
Factoring at Triumph moved sharply higher by the end of 2Q: CEO
Graft says on earnings call that by end of June, number of invoices being processed exceeded year-ago levels
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Business
Triumph’s factoring business softens in most significant metrics
Number and average size of invoices purchased both declined from 1Q 2020 and 2Q 2019
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Company earnings
Triumph Bancorp takes coronavirus loss, gets out of insurance premium financing
Loan quality deteriorated slightly, but TriumphPay is growing fast.
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Business
Triumph beats earnings estimates, quintuples carrier payments business (with video)
Asset quality mostly improved but net interest margin compressed by 62 bps.
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News
TriumphPay announces partnership with U.S. Xpress
TriumphPay announced that it has entered into a new partnership with U.S. Xpress to provide the company with real-time visibility into its brokerage payment services.
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