Earnings / Banking
Triumph factoring revenue jumps 43.6% from a year earlier as profit available to common hits $12.6 million
Factoring revenue of $57.0 million and a 43.0% factoring operating margin, a non-GAAP measure, carried the quarter; diluted EPS was $0.52 against $0.04 a year earlier and credit expense rose to $5.2 million.