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RXO Offers Factoring and LoadPay to Carriers Through Expanded Relationship with Triumph
Globenewswire· 2025-07-10 20:35
Core Insights - RXO and Triumph have expanded their partnership to provide new financial tools and services aimed at improving efficiency and profitability for carriers [1][3] - RXO Extra | Factoring, powered by Triumph, offers Factoring as a Service™ and LoadPay™, enabling carriers to access quick payments and seamless factoring services [2][3] Company Overview - RXO is a leading provider of asset-light transportation solutions, offering tech-enabled truck brokerage services and complementary solutions across North America [6] - Triumph is a financial and technology company focused on modernizing freight transactions through payments, factoring, and banking solutions [6][7] Service Details - RXO Extra | Factoring allows carriers to receive same-day payments on approved invoices, available 24/7, enhancing cash flow management [2][3] - LoadPay is a digital banking solution designed specifically for the freight industry, providing fast access to funds and tailored tools for transportation businesses [7] Loyalty Program - RXO Extra™ is a loyalty program that rewards carriers for hauling loads through RXO Connect, offering savings and bonuses as they progress through loyalty tiers [4]
Triumph Announces Schedule for Second Quarter 2025 Earnings Release and Conference Call
Globenewswire· 2025-07-03 20:07
Group 1 - Triumph Financial, Inc. (Nasdaq: TFIN) will release its second quarter financial results and management commentary after market close on July 16, 2025 [1] - A conference call to review the financial results will be held on July 17, 2025, at 9:30 a.m. central time, led by Vice Chairman and CEO Aaron P. Graft and CFO Brad Voss [2] - The live video conference can be accessed through a specific link or the Company's IR website, with an archive available afterward [3] Group 2 - Triumph Financial is a financial and technology company focused on modernizing and simplifying freight transactions, with a portfolio that includes Triumph, TBK Bank, and LoadPay [4]
BAWAG Group: Moody’s affirms ratings and changes outlook from stable to positive
Globenewswire· 2025-05-21 20:00
VIENNA, Austria – May 21, 2025 – Today, Moody’s announced that it affirms the ratings of BAWAG P.S.K. and changed the outlook on the long-term deposit, senior unsecured, and long-term issuer ratings from stable to positive. The positive outlook is a reflection of our to-be integrated recent acquisitions which show a steady business performance and could result in a sustainably improved financial profile. The release of Moody's is available on our website https://www.bawaggroup.com. David O’Leary, Chief Risk ...
京津冀协同发展十周年:天津金融业增加值增长84.5%,持续推动租赁保理及标志区项目发展
唐力表示,下一步,天津金融系统将充分利用好适度宽松的货币政策,综合运用多种金融工具,加大面 向京津冀协同发展各领域资金供给。强化协同机制,深化三地新一轮金融合作协议落实,形成共建共 享"一盘棋"。 持续推动租赁和保理行业创新发展 天津市作为国家租赁创新示范区和全国商业保理之都,融资租赁、商业保理等特色金融业态经历了从无 到有、从有到强的过程,未来,天津市在推动特色金融创新发展方面有哪些举措? 天津市地方金融管理局一级巡视员黎红表示,目前,天津市率先探索推出保税租赁、离岸租赁、绿色租 赁等数十种新的业务模式,开展了司法、外汇、海关等多方面创新试点,出台国内首个绿色租赁和绿色 保理团体标准,填补了国内空白。截至2024年末,融资租赁(含金融租赁)资产规模超2.3万亿元,船 舶海工等跨境租赁业务全国占比90%以上,商业保理资产规模超3000亿元,保理融资款余额超2500亿 元,保持全国领先优势。租赁公司服务中小微企业资产余额5760亿元,同比增长15%,全市绿色租赁资 产余额5574亿元,同比增长16%。 下一步,天津市将持续推动租赁和保理行业创新发展。在融资租赁方面,重点打造飞机租赁、船舶租 赁、出口租赁离岸贸易 ...
COFACE SA: Combined Shareholders’ General Meeting of 14 May 2025 approved all the proposed resolutions
Globenewswire· 2025-05-14 15:45
COFACE SA: Combined Shareholders’ General Meeting of 14 May 2025 approved all the proposed resolutions Paris, 14 May 2025 – 17.45 The Combined Shareholders’ General Meeting of COFACE SA was held on 14 May 2025 at the Company’s headquarters in Bois-Colombes, and it was chaired by Mr Bernardo Sanchez Incera, Chairman of the Board of Directors. All the proposed resolutions were adopted by COFACE SA’s shareholders, including the payment of a dividend of €1.40 per share for the 2024 financial year with the coupo ...
Hampton Financial Corporation Announces 2nd Quarter Results
Globenewswire· 2025-04-29 21:15
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, April 29, 2025 (GLOBE NEWSWIRE) -- Hampton Financial Corporation (“Hampton” or the “Company”, TSXV: HFC) today announced its financial results for the 2nd quarter ended February 28th, 2025. Second Quarter ended February 28th, 2025. IFRS results highlights: – Q2 Revenue of $2,854,000; an increase of 53% year-over-year– Q2 Net Loss of $(1,312,000) or $(0.02) per share; Fiscal results (IFRS results adjusted for no ...
BAWAG Group publishes Q1 2025 results: Net profit € 201 million and RoTCE 25.8%
Globenewswire· 2025-04-29 05:00
Core Insights - BAWAG Group reported a net profit of €201 million for Q1 2025, with earnings per share of €2.54 and a return on tangible common equity (RoTCE) of 25.8% [1][4] - The results reflect the integration of Barclays Consumer Bank Europe, contributing to a full quarter of Knab and two months of Barclays Consumer Bank Europe [1] - The CET1 ratio stood at 13.8%, factoring in a €111 million dividend accrual for Q1 2025 and the acquisition costs [2] Financial Performance - Core revenues increased to €534.8 million, a 36% rise compared to Q1 2024 and a 19% increase from Q4 2024 [5] - Net interest income reached €445.8 million, up 41% year-over-year and 21% quarter-over-quarter [5] - Operating expenses rose to €197.6 million, reflecting a 57% increase compared to Q1 2024 [5] - The net profit of €201 million represents a 20% increase from €166.9 million in Q1 2024 [5] Asset Quality and Ratios - The non-performing loan (NPL) ratio was reported at 0.7%, indicating strong asset quality [2] - The cost-income ratio (CIR) was 37%, up from 32.9% in the previous year [5] - The liquidity coverage ratio (LCR) was at 213%, a slight decrease from 217% year-over-year [5] Strategic Outlook - BAWAG Group reaffirmed its outlook for the financial year 2025 and mid-term targets as presented on March 4, 2025 [3] - CEO Anas Abuzaakouk emphasized the company's solid foundation and strong balance sheet amidst market volatility [4]
Triumph Financial(TFIN) - 2025 Q1 - Earnings Call Transcript
2025-04-18 00:01
Financial Data and Key Metrics Changes - The headline earnings number reflects the challenges in the transportation market, but almost every metric reported improved in the transportation businesses, particularly in the Payments segment [5][6] - Revenue from transportation businesses is currently at $206 million, which needs to increase materially by the end of the year to sustain current investment levels [29] Business Line Data and Key Metrics Changes - The Payments segment showed significant improvement in key performance indicators (KPIs), indicating potential for revenue growth from existing customers [14][17] - The factoring segment generated $144 million in revenue during a low quarter, with expectations to at least double this revenue as more clients are onboarded [40] Market Data and Key Metrics Changes - The company is experiencing headwinds in the transportation market, but there are opportunities arising from large trucking companies returning to the factoring market due to financial pressures [16] - The uncertainty around tariffs is seen as a potential opportunity for growth in the factoring business [16] Company Strategy and Development Direction - The company aims to grow revenue profitably despite market conditions, emphasizing the importance of investments made to create durable value [6][7] - There is a strategic focus on monetizing the Payments segment and upgrading legacy contracts to capture additional revenue [58][60] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in improving credit quality and expects that credit will not be a significant concern in the latter half of the year [75] - The company is prepared for potential economic challenges, including tariffs and a deeper recession, but believes it has less exposure to the most affected sectors [70][72] Other Important Information - The integration of Green Screens is anticipated to provide significant financial benefits, although specific details are not yet available [44][47] - The company is prioritizing the delivery of its intelligence products, which are expected to meet a significant market demand [46][49] Q&A Session Summary Question: Revenue outlook and growth opportunities - Management discussed potential revenue growth from Load Pay and Green Screens, emphasizing the importance of existing customer relationships and the need to grow revenue throughout the year [12][17] Question: Conforming invoice volume and fee growth - Management clarified that fee growth in the Payments segment can occur independently of conforming invoice volume, indicating successful monetization strategies [20][22] Question: Revenue split between first and second half of the year - Management indicated that the bulk of revenue growth is expected to come from payments and factoring, with a significant increase needed by year-end [29][30] Question: Financial opportunity from next-gen audit migration - Management stated that the migration to next-gen audit is still in early stages, with significant opportunities expected to be captured over the next year [33] Question: Credit metrics and economic uncertainty - Management expressed optimism about credit quality improvements, citing past efforts and a thorough understanding of the loan portfolio [68][75]