Recent Earnings

1st Source Reports Record YTD Earnings; Notes Aircraft Related Charge-Off

1st Source reported year-to-date net income was a record $60.97 million, up from $50.6 million one year earlier. The bank noted one large syndicated charge off described as ‘unique in both size and complexity.” read more

Signature Bank Q3 Earnings Up on Higher Interest, Lower Charges

Signature Bank said its net income for Q3/18 was $155.4 million, up 24.8% from $124.5 million a year earlier. The year/year increase was due to an increase in net interest income and a decrease in the provision for loan losses. read more

Snap-on Financial Q3/18 Earnings Higher, YTD Originations $790.4MM

Snap-on reported its Q3/18 Financial Services operating earnings of $59.3 million were up from $56.0 million a year earlier. Originations for the nine month period that ended 9/29/18 were $790.4 million, off 2.1% from a year earlier. read more

U.S. Bancorp Reports Record Q3 Revenue, Earnings & EPS

U.S. Bancorp reported record Q3 net revenue, earnings and EPS and noted performance was driven by “strong underlying momentum” in each business line. read more

KeyCorp Reports Q3 Earnings Up 34% Year/Year

KeyCorp reported its Q3/18 net income of $468 million was up 34% from $349 million for the same period in 2017. read more

Wells Fargo Q3 Earnings Up 32%; Lease Financing, C&I Loan Yields Higher

Wells Fargo reported Q3/18 net income of $6.01 billion was up 32% from $4.54 billion in Q3/17. The bank also noted YTD U.S. C&I Loan and Lease Financing yields of 4.08% and 4.82%, respectively were up from 3.70% and 4.78% for the same period in 2017. read more

PNC Reports Q3 Earnings Up 24% Year/Year

PNC Financial reported Q3/18 earnings of $1.40 billion were up 23.9% from $1.13 billion a year earlier. Earnings per share of $2.82 beat analysts’ estimates of $2.72 EPS. read more

CALC Total Revenue Tops $205.4MM in H1/2018

China Aircraft Leasing Group (CALC), a full value-chain aircraft solutions provider for global airlines, released its financial results for the first six months of 2018, ending on June 30. read more

FLY Leasing Q2 Earnings Up on Higher Rental Revenue, Lease End Income

FLY Leasing’s Q2/18 net income of $24.3 million was up from $2.9 million a year earlier. FLY noted it benefited from higher rental income and the sale of two aircraft that provided an economic gain of $15.6 million. read more

DLL Reports 17% Growth in Net Profit During H1/18

DLL recorded net profit of €242 million ($293 million) in the first six months of 2018, which represented a 17% increase over the prior year. read more

Deere Q3 Equipment Sales Climb 36%; Financial Services Up 95% YTD

Deere & Company reported net sales of equipment operations were $9.3 billion in Q3/18, up 36% from $6.8 billion. Financial Services YTD net income of $680.6 million was up 95% from $349.1 million last year. read more

Medallion Financial Q2 Medallion Loans Lowest Since 2003

Medallion Financial said its medallion loans are at the lowest level since 2003. The company noted its medallion lending portfolio as of June 30, 2018 was $258.1 million, down 43% from $452.7 million a year earlier. read more

Element Fleet Management More Than Doubles Q2/18 Net Income

Element Fleet Management reported consolidated net income for Q2/18 more than doubled compared to the previous year, reaching C$79.1 million (US$60.4 million). read more

Chesswood Reports Record Q2 Originations, Up 32% Year/Year

Chesswood reported gross finance receivables grew to C$804 million ($611.5 million) in Q2/18 driven by record originations of C$114 million ($86.7 million), a 31% increase from C$87 million ($66.2 million) in Q2/17. read more

Ritchie Bros. Experiences 159% Increase in Q2/18 Net Income

Ritchie Bros. Auctioneers reported net income attributable to stockholders of $45.7 million in Q2/18, which was an improvement of 159% compared to the $17.6 million reported in Q2/17. read more

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