Triumph Bancorp (NASDAQ: TBK), a major lender to the trucking industry through its factoring arm, reported strong quarterly earnings with data that reflected a healthy freight market.
The company’s generally accepted accounting principles earnings per share of $1.32 topped industry forecasts by 41 cents, according to SeekingAlpha. Revenue was up 39% year on year and beat consensus forecasts by almost $8 million, SeekingAlpha said.
The impact of Triumph’s acquisition of the factoring book at...
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