Recent Earnings

Bank of America Reports Record Q1/18 Earnings

Bank of America reported Q1/18 net income was up 30% from $5.3 billion to a record $6.9 billion. Nonperforming assets of $6.7 billion were down 12.3% from $7.6 billion a year earlier. read more

Wells Fargo Acknowledges CFPB/OCC Probe, Reports ‘Preliminary’ Q1

Wells Fargo reported “preliminary” Q1/18 earnings of $5.9 billion were up from $5.6 billion a year earlier. In a supplement, Wells Fargo said Q1 results could change to reflect accruals to cover a CFPB/OCC matter. read more

PNC Reports Q1/18 Earnings Up 15% Year/Year

PNC Financial reported Q1/18 earnings of $1.24 billion were up 15.4% from $1.07 billion in Q1/17 and $2.09 billion in Q4/17. Total revenue of $4.11 billion was up 5.9% from the same quarter in 2017. read more

Element Reports 1.8% Increase in Q4/17 Core Fleet Originations

Element Fleet Management reported core fleet originations in Q4/17 were C$1.46 billion ($1.13 billion) compared to C$1.44 billion ($1.11 billion) in Q3/17 and C$1.43 billion ($1.10 billion) in Q4/16. read more

Willis Lease Finance Reports 50% Increase in Pre-Tax Profit

Willis Lease Finance reported 2017 pre-tax income of $36.0 million was up 50.4% from $23.9 million a year earlier. Willis also noted the effects of the Tax Act contributed $43.6 million to its 2017 after-tax income. read more

Chesswood Reports Record Earnings Aided by Tax Recovery

In addition to benefiting from a $9.4 million tax recovery, Chesswood Group announced it enjoyed a record year by most financial measures including originations, total portfolio size, finance margin and operating income. read more

Fly Leasing FY/17 Swings to Profit

Fly Leasing reported net income for FY/17 was $2.6 million compared to a net loss of $29.1 million a year earlier. read more

Navistar Q1 Revenues Up on Increase in Class 6-8 Truck, Bus Volume

Navistar International said revenues in Q1/18 were $1.9 billion, up 15% from $1.7 billion in the Q1/17. The truck maker noted a 24% increase in the company’s Class 6-8 truck and bus volume in the U.S. and Canada. read more

ATSG Revenues, Earnings Rise Sharply in 2017

Air Transport Services Group reported Q4/17 revenues of $323 million, which were up 46%. read more

Air Lease Reports 6.9% Growth in 2017 Revenue, Net Book Value of $13.3B

Air Lease reported revenue of $1,516 million for the full year 2017, an increase of 6.9% compared to 2016. The company also reported revenue of $398 million in Q4/17, an increase of 7.6%. read more

H&E Equipment Reports 65.9% Increase in Q4/17 New Equipment Sales

H&E Equipment Services reported a 65.9% increase in new equipment sales and a 10.9% increase in rental revenues during Q4/17. read more

Textainer Swings to FY Profit on Rising Rates, Higher Utilization

Container lessor Textainer reported FY earnings of $19.4 million compared to a 2016 net loss of $52.5 million. The company noted earnings benefited from new container investments, higher rates and further improvements in utilization. read more

Rush 2017 Class 8 Retail Sales Up 21% Year/Year

Rush Enterprises sold 13,083 Class 8 trucks in 2017, an increase of 21% compared to 2016, while the U.S. Class 8 market remained essentially flat. read more

Deere Q1 Financial Services Earnings Benefit from Tax Reform

Deere & Company reported financial services Q1/18 net income of $425.3 million was up from $114.4 million for the same period last year. The increase was largely attributed to a tax benefit of $278.1 million related to tax reform. read more

AerCap Reports 402 Aircraft Transactions Executed in 2017

AerCap Holdings reported net income for the full year 2017 of $1,076.2 million was up from $1,046.6 million a year earlier. AerCap noted 402 aircraft transactions were executed 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