Triumph Bancorp’s factoring business got noticeably smaller in the second quarter of this year, according to the earnings released by the company Monday.
Triumph’s factoring business, which is 85% transportation, saw its book of business and the size of the accounts receivable it purchased both decline. Total interest income also declined.
Factored receivable loans held by Triumph for investment purposes were reported at $561.57 million for the three months ended June 30, down from $661.1 at the...
https://www.freightwaves.com/news/triumphs-factoring-business-softens-in-most-significant-metrics