Recent Earnings

TCF Q2 Earnings Hurt by BCFP Charge; Leasing Benefits from Purchase

TCF Financial reported Q2/18 earnings were down as result of a $32 million pre-tax charge with the BCFP. TCF also noted an equipment finance portfolio increase that resulted from a portfolio purchase in Q3/17. read more

Daimler: Highest Ever Sales, Truck Outlook ‘Significantly Higher’

Daimler said it sold more vehicles in the first six months of 2018 than ever before in a half year. The company also noted Daimler Truck sales in 2018 “will be significantly higher than in the previous year.” read more

Boeing Q2 Earnings Up 26%, Backlog ‘Robust’ at 5,900 Aircraft

Boeing reported Q2/18 earnings of $2,196 million were up 26% from $1,749 million in Q2/17. Boeing noted its backlog remained robust with 5,900 aircraft valued at $416 billion. read more

PACCAR Q2 Sales and Financial Services Revenues a Record $5.81B

PACCAR announced Q2/18 net sales and financial services revenues were a record $5.81 billion, 23% higher than the $4.70 million achieved in Q2/17. read more

Rush Reports Q2 U.S. Class 8 Truck Sales Up 24.7% Year/Year

Rush Enterprises said U.S. Class 8 retail truck sales of 60,812 units, were up 24.7% in Q2/18 compared to Q2/17. Rush noted U.S. retail sales of Class 8 vehicles are expected to reach 252,700 units in 2018, up 27.6% from 2017 according to ACT Research. read more

CIT Q2 Earnings Higher, Notes ‘Strong Growth’ in Equipment Finance

CIT Group reported income from continuing operations for Q2/18 was $138 million, up from $41 million a year earlier. CIT noted "strong growth in funded volume in each of the equipment finance businesses." read more

GATX YTD Earnings Higher Despite Cost of Facility Closure in Germany

GATX’s earnings for the first six months of 2018 were $115.1 million, up from $110.9 million a year earlier. A $15.3 million year-over-year increase on asset dispositions more than offset the impact of the $5.8 million expense to close a railcar maintenance facility in Germany. read more

Regions Financial Reports 3.6% Y/Y Increase in Q2 C&I Loans

Regions recorded an average balance of $36,874 million in commercial and industrial loans and leases in Q2/18, up 1.1% compared to Q1/18 and 3.6% compared to Q2/17. read more

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

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