Recent Earnings

OnDeck Reports Lower Q1 Loss on Substantial Drop in Provision Charges

OnDeck reported a Q1/18 net loss of $1.9 million, which was down from a net loss of $11.1 million in Q1/17 as provision charges were $9.9 million lower compared to a year earlier. read more

AerCap Completes 114 Q1/18 Aircraft Transactions, Increases Net Income

AerCap executed 114 aircraft transactions in Q1/18, including 28 widebody transactions. The aircraft lessor also reported $265.4 million in net income during the quarter. read more

FLY Leasing Reports 12% Growth in Lease Rental Revenue During Q1/18

FLY Leasing grew operating lease rental revenue by more than 12% in Q1/18. FLY reported net income of $9.6 million, while acquiring one new aircraft on a long-term lease and signing deals to acquire 55 aircraft. read more

Daimler Reports Q1 DFS Volume Increase; Truck Sales Up 21%

Daimler AG reported Financial Services total volume in Q1 of $21.7 billion was up 6% more than the prior-year period. Truck sales were up 21% with the 2018 unit sales outlook “significantly” higher. read more

Boeing Reports 57% Increase in Q1 Earnings, Beats EPS Forecast

Boeing reported Q1/18 earnings of $2,477 million, up 57% from $1,579 million a year earlier. EPS of $3.64 was substantially higher than Thomson Reuters’ forecast of $2.58. read more

Caterpillar Reports Record Q1 EPS, Raises Outlook

Caterpillar reported Q1/18 sales and revenues were up 31% compared to Q1/17. In its outlook, Caterpillar said it expects higher demand with the biggest drivers in North America and China. read more

CIT Reports Q1 Drop in Earnings, Notes 40% Y/Y Growth in Volume

CIT Group reported Q1/18 earnings of $97 million were down from $180 million in Q1/17. CIT noted that new lending and leasing volume increased 40% year over year. read more

Cat Financial Q1 NBV of $2.54B Up 9% Year/Year

Cat Financial reported Q1/18 retail new business volume was $2.54 billion, an increase of $202 million or 9% compared to Q1/17. read more

PACCAR Reports 33% Growth in Q1 Revenue

PACCAR reported Q1/18 net sales and financial services revenues of $5.65 billion, which was 33% higher than the $4.24 billion earned in Q1/17. read more

TCF Q1 Earnings Up 59.4%, Helped by Equipment Finance Income

TCF Financial reported net income of $73.8 million in Q1/18 was up 59.4% from $46.3 million in Q1/17. TCF noted non-interest income from leasing and equipment finance was up 47.9% compared to the same quarter in 2017. read more

Rush Enterprises Reports Q1 Class 8 Truck Sales Up 22%

Rush Enterprises reported Q1/18 Class 8 truck sales were 22% higher compared to the same quarter in 2017. ACT forecasts sales for Class 8 vehicles to be 254,000 units in 2018, up 29% compared to 2017. read more

Signature Bank Q1/18 Performance Hurt by Taxi Medallion Losses

Signature Bank said Q1/18 net income of $34.5 million was down from $133.9 million for the same quarter a year earlier. The bank said the decrease was due to write-downs for the tax medallion portfolio. read more

KeyCorp Q1/18 Earnings Up 35.8% Year/Year

KeyCorp reported Q1/18 net income of $402 million was up 35.8% from $296 million a year earlier. The bank noted lease financing average balances were up from a year earlier. read more

GATX Rail North America Segment Profit Exceeds $100MM

GATX Rail North America reported segment profit of $108.9 million in Q1/18, compared to $93.0 million in Q1/17. read more

Snap-on Reports Q1/18 Originations Off 6.5% Year/Year

Snap-on reported Q1/18 originations of $247.3 million were down 6.5% from the same quarter a year earlier. Finance receivables outstanding at the end of Q1/18 of $1.55 billion compared to $1.54 billion at year-end 2017. read more

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