Triumph Bancorp’s second-quarter earnings report reflected that the bank — a leading supplier of funds to the trucking industry through factoring — is having no trouble collecting on its loans.
It is having strong performance on its loans even as it makes more of them and at higher average amounts. .
Triumph, in releasing its second-quarter earnings Wednesday afternoon, said its charge-off rate for the quarter was a mere 0.04%. A year ago, during a quarter that included the heart of the pandemic...
https://www.freightwaves.com/news/a-bigger-triumph-reports-a-minuscule-level-of-charge-offs-for-q2