Recent Earnings

Marlin Business Services Q4/17 Earnings Benefit from Tax Act

Marlin Business Services reported Q4/17 net income of $15.9 million compared to net income of $4.8 million a year earlier. Marlin said Q4/17 earnings included the benefit resulting from the Tax Cuts and Jobs Act. read more

PACCAR Revenues Jump 14% to Record $19.46MM in 2017

PACCAR achieved record revenues of $19.46 billion in 2017, a 14% increase compared to revenues of $17.03 billion in 2016. read more

CIT Swings to FY Profit, Q4 Volume Increases to $2.9B

CIT reported net income for the full year was $458 million compared to a loss of $848 million a year earlier. Q4/17 new lending and leasing volume increased to $2.9 billion from $2.0 billion in the prior quarter. read more

United Rentals Reports FY Earnings Boosted by Tax Act

United Rentals reported 2017 net income was $1.346 billion compared with $566 million a year earlier. The company noted 2017 results included a net income benefit of $689 million associated with the Tax Act. read more

Cat Financial FY/17 NBV of $11.2B Up 3% Year/Year

Cat Financial’s retail new business volume for 2017 was $11.22 billion, up 3%, or $316 million, compared to 2016. Q4/17 new business volume of $3.42 billion was up 19%, or $553 million, from the same quarter in 2016. read more

Caterpillar Reports FY Sales Up 18%, 2018 Outlook Positive

Caterpillar said full-year 2017 sales and revenues of $45.5 billion were up about 18% compared to the previous year. The machinery maker noted 2018 is beginning with strong sales momentum. read more

Huntington Bancshares FY Earnings Up 67% Aided by Tax Act

Huntington Bancshares reported 2017 full-year net income was a record $1.19 billion, an increase of 67% from $712 million the prior year. Results included a tax benefit of $123 million related to the Tax Act. read more

Fifth Third Reports FY Earnings Benefit from Impact of Tax Act

Fifth Third reported full year 2017 net income after preferred dividends was $2.1 billion, up 40% from $1.5 billion a year earlier. read more

SunTrust Earnings Benefit from $172MM Tax Reform-Related Items

SunTrust reported Q4/17 net income of $710 million was up from $448 million for the same quarter in 2016. The bank noted results included a $172 million after-tax net benefit from tax reform-related items. read more

Regions Beats Estimate Despite Tax Act Charge

Regions Financial announced Q4 and full year 2017 earnings of $318 million and $1,193 million, respectively, were up from $278 million and $1,094 million in 2016, despite a tax reform charge of $29 million. read more

GATX Q4/17 Income Jumps to $342.1MM Aided by Tax Benefit

GATX reported Q4/17 net income of $342.1 million, compared to net income of $30.9 million in Q4/16. GATX recorded a one-time non-cash net tax benefit of $315.9 million due to the Tax Cuts and Jobs Act. read more

Bank of America Q4 Earnings Hurt By Tax Legislation

Bank of America reported Q4/17 net income of $2.4 billion, down from $4.5 billion a year earlier. The bank noted it took a Q4 charge of $2.9 billion related to the Tax Cuts and Jobs Act. read more

Wells Fargo Q4 Results Reflect $3.35B Tax Act Benefit

Wells Fargo reported 2017 net income of $22.2 billion was up from $21.6 billion a year earlier. The bank noted Q4/17 results included a $3.35 billion after tax benefit from the tax act. read more

New Tax Legislation Accounts for 65% of PNC’s Year/Year Earnings Increase

PNC reported full year 2017 net income of $5.4 billion was up from $4.0 billion a year earlier. The bank noted 65%, or $911 million, of the increase resulted from the impact of new federal tax legislation. read more

JPMorgan Beats Estimates Despite Tax Act Charge

JPMorgan Chase reported Q4/17 earnings of $4.23 billion were down 37% from $6.73 billion a year earlier. The bank noted the decrease included $2.4 billion of estimated net impact of the Tax Cuts and Jobs Act. read more

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