Triumph Bancorp
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Company earnings
Major trucking lender Triumph’s earnings reflect robust market
The bank’s book of business grew at a pace that far exceeded the additional business that came with its acquisition of Covenant’s factoring operation
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Company earnings
What a mess: Triumph details problems with big factoring client acquired from Covenant
The Triumph acquisition of TFS has had plenty of problems since it was first announced.
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Company earnings
Everything was bigger in fourth quarter for factoring business at Triumph
Fourth-quarter figures at Triumph were impacted by the third-quarter acquisition of Covenant’s factoring business.
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Trucking
The Daily Dash: A new SPAC is on the hunt; more charges in staged truck accidents investigation
In today’s edition of The Daily Dash, another SPAC is on the hunt for a possible acquisition in the transportation space. Plus, Prologis posts strong…
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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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Company earnings
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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News
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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