Recent Earnings

PACCAR and PACCAR Financial Services Take Hits to Q2 Income

PACCAR Financial Services reported Q2/20 pre-tax income of $55.5 million compared with $80.3 million earned in the second quarter last year. In addition, PACCAR reported net income of $147.7 million in Q2/20 compared with $619.7 million earned in the same period last year. read more

AerCap Raises $3 Billion of Funding in Q2/2020

AerCap raised $3 billion in funding, purchased two new aircraft, executed sale transactions for nine owned aircraft and signed lease agreements for 10 aircraft during Q2/20. read more

TD Bank Q2/20 Earnings Down 52% Y/Y, Revenue Up 2.9%

TD Bank Group reported Q2/20 earnings of C$1.5 billion, down 52% compared with the same quarter last year and total revenue of C$10.5 million in Q2/20, up 2.9% from $10.2 million in Q1/20. read more

Chesswood Reports C$19.8MM Q1/20 Net Income Loss, Provides COVID-19 Update

Chesswood Group reported a net loss of C$19.8 million ($14.06 million) in Q1/20 and provided a COVID-19 update. read more

Element Fleet Q1/20 Income Up 5.8% Y/Y

Element’s core fleet business generated adjusted operating income of C$134.8 million ($96.36 million) in Q1/20. On a year-over-year basis, core adjusted operating income increased C$12.8 million ($9.15 million) from Q1/19. read more

DLL New Business Volume Up 5%, Portfolio Up 8% in 2019

DLL recorded new business volume of €26.8 billion ($30 billion), representing more than 5% year-over-year growth. The company also realized strong growth in its portfolio, which increased by 8% to €36.2 billion ($40.6 billion). read more

Marlin Reports Q1/20 Net Loss of $11.8MM, Volume Down 24.5% Y/Y

Marlin reported net loss of $11.8 million, compared with net income of $5.1 million a year ago. Total sourced origination volume of $157.4 million was down 24.5% year-over-year. read more

OnDeck Posts Q1/20 Net Loss of $59MM, Gross Income Flat

OnDeck reported Q1/20 gross revenue of $110.6 million, net loss of $59 million and adjusted net loss of $57.6 million. read more

CIT Reports Q1/20 Loss of $628MM, Stable Net Revenue of $496MM

CIT reported a Q1/20 loss of $628 million, compared to net income of $119 million in Q1/19. Q1/20 net revenue of $496 million was up 6% from $466 million in Q1/19. read more

BofA Shores Up Provision for Credit Losses by 380% as Net Income Declines by 45%

Bank of America reported Q1/20 net income of $4.0 billion, down 45% from $7.3 billion in Q1/19. Nonperforming loans increased $504 million from Q4/19, primarily driven by $353 million increase in commercial loans. read more

Wells Fargo Q1/20 Net Income Down 88.9%, Revenue Down 18% Y/Y

Wells Fargo reported Q1/20 net income of $653 million, down 88.9% from net income of $5.9 billion in Q1/19. Revenue of $17.7 billion was down 18% from $21.6 billion year over year. read more

Chesswood Reports Record Originations of $442MM & $1B Portfolio in 2019

Chesswood Group reported its 2019 results, including record-breaking originations of $442 million and a portfolio of $1 billion. read more

OnDeck Q4/19 Net Income Down 44% Y/Y, Revenue Flat

OnDeck reported Q4/19 net income of $9.3 million was down 44% while gross revenue remained flat. Full-year net income and gross revenue showed year-over-year gains of 3.7% and 12%, respectively. read more

Boeing Reports First Loss in Over 20 Years

Boeing reported its first loss in more than 20 years, due to the 737 MAX grounding. Boeing Capital’s full-year 2019 earnings dropped 64.6% year over year. read more

Merchants Financial Group Announces Earnings of $19.76MM for 2019

Merchants Financial Group announced year-end earnings for 2019 with net income of $19.76 million. The earnings exceeded MFGI’s plan for the year by more than $2.6 million and is an increase of 4.7% over 2018 earnings. read more

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