Recent Earnings

Signature 2018 Earnings Up 30.5% Y/Y

Signature Bank reported 2018 net income of $505.3 million, up from $387.2 million in 2017, an increase of $118.1 million, or 30.5%. read more

PNC 2018 Earnings Flat Y/Y, Q4/18 Revenue Down $17MM

PNC reported full year 2018 net income of $5.346 billion, down slightly from $5.388 billion in 2017. Total revenue for the fourth quarter of $4.3 billion declined $17 million. read more

Wells 2018 Revenue Down Slightly While Earnings Hold Steady

Wells Fargo reported net income of $22.4 billion in 2018, compared with $22.2 billion in 2017. Revenue of $86.4 billion was down from $88.4 billion year over year. read more

Deere Q4 Earnings Skyrocket 54%

Deere reported reported Q4/18 net income of $784.8 million, an earnings increase of 54%. Net sales rose 18% to $8.3 billion. read more

ECN Capital Reports $50MM+ EBITDA in Q3/18

ECN Capital reported Q3/18 EBITDA, net of provision for credit losses, of $50.9 million versus $36.6 million for the previous three-month period and $34.4 million for the same period last year. read more

Willis Reports Record Quarterly Lease Rent Revenue of $47MM

Willis Lease Finance reported a pre-tax profit of $13.3 million in Q3/18, including record quarterly lease rent revenue of $47.0 million. read more

Marlin Q3/18 Earnings Up 78.8%; Volume Up 17%

Marlin reported Q3/18 net income of $5.9 million, up 78.8% from net income of $3.3 million a year ago. Excluding referral volume, Q3/18 originations were $173.1 million, up 17% from $117.9 million in the year ago quarter. read more

GE to Reduce Quarterly Dividend to One Cent After Disappointing Q3 Earnings

After reporting a loss of $2.63 per share from continuing operations, GE announced plans to reduce its quarterly dividend from $0.12 to $0.01 per share and reorganize its Power vertical. read more

Ryder System Q3 Revenue Grows Record 17% to $2.2B

Ryder System reported Q3/18 total revenue grew a record 17% to $2.2 billion, up from $1.8 billion a year earlier. read more

Trinity Railcar Leasing Group Q3 Profit Hurt by Lower Rates, Fees

Trinity Industries reported its Railcar Leasing group Q3/18 operating profit was off primarily because of lower average rental rates, lower asset advisory fees and a change in the mix of railcars sold from the lease fleet. read more

CIT Q3 EPS Beats Estimates; Commercial Finance, Business Capital Higher

CIT Group reported Q3/18 net income, excluding items, of $131 million or $1.15 EPS compared to $139 million or $1.02 EPS a year earlier. Analysts had expected EPS of $1.14. The bank noted Commercial Finance and Business Capital loans were up 7.2% and 9.8% Y/Y respectively. read more

CAT Financial Q3 Profit Up 45%, New Business Volume Up 4%

Cat Financial reported Q3/18 profit was $125 million, up 45% from Q3/17. New business volume during Q3/18 of $2.88 billion was up $101 million or 4% from Q3/17. read more

Rush Q3 Earnings Up 40% Y/Y; U.S. Class 8 Retail Sales Up 35%

Rush Enterprises reported its Q3/18 net income of $41.7 million was up 39.9% from $29.8 million in Q3/17. Rush noted Q3 U.S. Class 8 retail sales were 69,609 units, up 35% compared to the same period last year. read more

Caterpillar Q3 EPS Highest in Company History

Caterpillar announced Q3/18 sales and revenues of $13.5 billion, up 18% from $11.5 billion a year earlier. CAT noted its EPS of $2.88 was a Q3 record. read more

PACCAR Q3 Earnings Up 35%; PFS Earnings Up 11.6%

PACCAR's reported net income of $545.3 million in Q3/18 was 35% higher compared to Q3/17. PACCAR Financial earned $78.8 million in Q3/18, up 11.6% from $70.6 million earned in the same quarter in 2017. read more

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Terry Mulreany
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