Recent Earnings

Wintrust Financial Reports Growth of $1B in Q2/18 Total Assets

According to Wintrust Financial’s Q2/18 earnings report, total assets increased by $1.0 billion from the prior quarter and now total roughly $29.5 billion. read more

BB&T Reports 6.3% Annualized Growth in C&I Loans

BB&T Financial Services and Commercial Finance, which includes BB&T’s equipment finance product, reported net income of $145 million for Q2/18, an increase of $11 million compared to the earlier quarter. read more

Snap-on Financial Services Earns 5.5% Increase in Q2 Revenue

Snap-on reported financial services revenue in Q2/18 of $82.0 million, which marked a 5.5% increase compared to Q2/17. read more

United Rentals Reports 19.3% Increase in Q2/18 Rental Revenue

United Rentals reported a 19.3% year over year increase in rental revenue during Q2/18. read more

Wells Fargo Reports ‘Flat’ H1/18 Lease Financing Results

Wells Fargo reported lease financing average balances for the six months of 2018 were $19.3 billion compared to $19.1 billion a year earlier. The average yield for the period of 4.89% compared to 4.88% for the same six months in 2017. read more

PNC Beats the Street on Higher Revenues & Earnings

PNC reported Q2/18 revenue and earnings of $4.3 billion and $1.4 billion, respectively, which were up 6.5% and 23.6%, respectively, from the same quarter in 2017. Earnings per share of $2.72 exceeded analysts’ estimates of $2.58. read more

JPMorgan Reports Record Q2 Earnings, Exceeds Expectation

JPMorgan Chase reported record Q2/18 earnings of $8.3 billion, up $1.3 billion or 18% from Q2/17. CEO Jamie Dimon attributed the bank’s performance to “good global economic growth, particularly in the U.S, where consumer and business sentiment is high.” read more

MidAtlantic Farm Credit Reports 15% Increase in Q1 Net Income

MidAtlantic Farm Credit reported net income for Q1/18 was $13.6 million, a 15.0% increase compared to Q1/17. read more

Hitachi Capital Reports $4.6B in Fiscal 2017 Total Funded Volume

Hitachi Capital America reported $4.6 billion in total funded volume in fiscal 2017. The specialty finance company also surpassed $3 billion in total assets. read more

Deere Reports Higher Q2 Earnings; Projects 30% Fiscal Increase

Deere reported Q2 net income of $1.2 billion compared to $808.5 million in Q2/17. In its outlook, Deere said equipment sales are projected to increase by about 30% for fiscal 2018. read more

Element Fleet Q1 Originations up 10.5% Y/Y

Element Fleet Management announced core fleet originations in Q1/18 were C$1.47 billion, up 10.5% from C$1.33 billion in Q1/17. read more

AmeraMex Reports 33% Increase in Q1 Revenue, $7.6MM in Equipment Orders

AmeraMex reported Q1/18 revenue of approximately $2 million, which marked a 33% increase from Q1/17. The company also received $7.6 million in equipment orders and renewal of rental contracts during the quarter. read more

Ritchie Bros. Reports 65% Increase in Net Income During Q1/18

Ritchie Bros. reported Q1/18 net income of $17.1 million, which marked a 65% improvement compared to $10.4 million for the same quarter in 2017. read more

MidAtlantic Farm Credit 2017 Net Income Up 33.7% Y/Y

MidAtlantic Farm Credit reported 2017 net income of $76.6 million, up from $57.3 million in 2016. Its 2017 loan portfolio increased to $2.7 billion, with acceptable credit quality remaining steady at 98%. read more

ECN Capital Reports Significantly Higher Year/Year Originations

ECN Capital reported Q1/18 originations were $349.2 million, up from $249.4 million sequentially and $31.0 million for the same period in 2017. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com