Recent Earnings

PACCAR Q3 Revenue Higher; Retail Sales Expected to Increase in 2018

PACCAR reported revenue for the first nine months of 2017 was $14.0 billion, up from $12.96 billion last year. The truck-maker said retail sales in the U.S. and Canada are estimated to increase in 2018 to a range of 220,000-250,000 vehicles. read more

CIT Reports YTD Operating Lease Equipment Net Balance of $7.6MM

CIT Group reported Q3/17 net income of $220 million compared to $131 million for the same quarter a year ago. Income from continuing operations for the third quarter was $223 million. read more

GATX Q3 Earnings Reflect “Challenging Conditions”

GATX reported Q3/17 net income of $49.0 million compared to net income of $95.7 million in Q3/16. CEO Brian Kenney said, “Challenging conditions continue in the NA railcar leasing market." read more

Signature Bank Back on Track after Taxi Medallion Episode

Signature Bank reported Q3/17 net income was $124.5 million versus $76.1 million in the same 2016 quarter, which included $61.7 million of provision expense for the Chicago taxi medallion portfolio. read more

KeyCorp Reports Q3/17 Lease Finance, C&I & Operating Lease Growth

KeyCorp reported commercial lease finance average balance and operating lease asset growth in Q3/17. Key also noted C&I loan yields of 3.97% in Q3/17 were up 59 basis points from 3.38% a year earlier. read more

Snap-On Reports Double-Digit Y/Y Increase in Finance Receivables

Snap-On reported finance receivables at the end of Q3/17 of $1,524.4 million, up 10.9% from $1,374.2 million at the end of the same period in 2016. Q3/17 originations of $271.8 million were up from 2016 levels. read more

U.S. Bancorp Reports Q3/17 Record Revenue and Net Income

U.S. Bancorp reported Q3/17 record net income of $1,563 million was up from $1,502 million in Q3/16. Revenue was a record $5,608 million, up 4.1% from $5,388 million a year earlier. read more

Wells Fargo Reports 8.5% Increase in Lease Financing Average Balances

Wells Fargo reported lease financing average balances for the first nine months of 2017 were $19.1 billion, up 8.5% from $17.6 billion a year earlier. The YTD yield of 4.78% was down from 4.86% in 2016. read more

PNC Reports Q3/17 Loan Growth of $3.1B

In its Q3/17 earnings release, PNC reported that loans grew $3.1 billion to $221.1 billion at September 30, 2017 compared with June 30, 2017. read more

First National Reports $64.6MM in Q3/17 Originations

First National Capital reported Q3/17 originations of $64.6 million for mid-sized and large corporate entities across the U.S. and Canada. read more

HPE Financial Q3/17 Earnings Off Despite Revenue Increase

HP Enterprise's Financial Services segment revenue was $897 million in fiscal Q3/17, up 10.5% from $812 million a year earlier. Pre-tax earnings for the same period of $70 million were down 12.5% from $80 million in fiscal Q3/16. read more

BOC Aviation Reports Double-Digit Increases in HI Revenues, Earnings

Operating aircraft leasing company BOC Aviation reported H1/17 revenues and net profit was up 15.7% and 13.2%, respectively compared to the same period in 2016. read more

DLL Reports 7% Boost in H1/17 Managed Portfolio Balance

DLL recorded net profit of €207 ($223.7) million in the first six months of 2017. The company also reported a 7% increase in its managed portfolio balance. read more

MidAtlantic Farm Credit Announces Q2 Financial Results

MidAtlantic Farm Credit, a members-owned cooperative and an institution of the national Farm Credit system, reported Q2/17 financial results. read more

Deere Reports 31% Q3 Earnings Increase; Ups Forecast

Deere & Company reported $641.8 million in net income during fiscal Q3/17, which was up 31% compared to the $488.8 million reported during the same time period in 2016. read more

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Terry Mulreany
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