Recent Earnings

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

U.S. Bancorp Reports 13.7% Increase in Q1/18 Earnings

U.S. Bancorp reported Q1/18 net income of $1,675 million was up 13.7% from the same quarter a year earlier. Average lease financing loans of $5,532 million at the end of Q1/18 were up from $5,455 million a year earlier. read more

Wintrust Reports Record Q1 Net Income, Leasing Assets Approach $1B

Wintrust Financial announced Q1/18 net income was a record $82.0 million, up 40.4% from $58.4 million for the same quarter in 2017. Wintrust’s leasing business assets totaled $986.7 million at the end of Q1/18. read more

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

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