Recent Earnings

CIT Reports FY Net Loss, Results Impacted by Impairment, Other Charges

CIT Group reported a full year net loss of $861 million as results were impacted by a goodwill impairment charge and other charges related to the termination of a Canadian swap facility. read more

PACCAR Financial FY Earnings Off Despite Higher Revenues

PACCAR reported its Financial Services business earned $306.5 million in pretax profit in 2016 compared to $362.6 million in 2015. 2016 revenues of $1.19 billion compared to $1.17 billion in 2015. read more

PACCAR FY/16 Earnings Down On Lower Class 8 Sales, EC Settlement

PACCAR revenues of $17.03 billion in 2016 compared to revenues of $19.12 billion in 2015. The company noted class 8 retail sales in the U.S. and Canada were 216,000 units compared to 278,000 vehicles sold in 2015. read more

TCF FY Earnings Up on Higher Revenue, Originations Up 10.3%

TCF reported 2016 net income of $212.1 million was up 7.6% from a year earlier. TCF noted 2016 loan and lease originations of $16.8 billion were up 10.3% from the previous year. read more

Regents Capital Reports 35% Y/Y Funded Volume Growth

Regents Capital reported 35% year-over-year funded volume growth and a 100% year-over-year increase in company size and service offerings in 2016. read more

EverBank Q4/16 Equipment Finance Originations Down 21% Year/Year

EverBank announced equipment financing originations of $332 million in Q4/16 were down 21% from $420 million for the same quarter a year earlier. read more

Record Q4 Origination Volume Powers Marlin to 31.1% Increase in 2016

Marlin reported a quarterly record of $146.1 million in origination volume in Q4/16, boosting the equipment lessor to a mark of $504.3 million in total origination volume for 2016. read more

Cat Financial Reports 4% Decrease in New Business Volume in 2016

Cat Financial reported revenues of $2.60 billion for 2016, a decrease of $78 million, or 3%, compared with 2015. Profit was $384 million, a $76 million, or 17 percent%, decrease from 2015. read more

MULUSA CAF Closes $110MM in Transactions in First Nine Months

Mitsubishi UFJ Lease & Finance (U.S.A) Corporate Asset Finance Division reported its year-end results for 2016, which included 13 closed transactions totaling $110 million. read more

Caterpillar Q4/16 Sales Down 12.7%; NA Hurt by Low End-User Demand

Caterpillar reported Q4/16 sales and revenues of $9.6 billion, which was down 12.7% from the $11.0 billion recorded in Q4/15. In North America, sales decreased 13.5% year-over-year due to lowered end-user demand. read more

Onset Financial Records $130MM in Equipment Lease Funding in 2016

Onset Financial closed 2016 with its sixth straight year of growth and a record $130 million in equipment lease fundings. Since inception in 2008, Onset has averaged more than 50% year-over-year growth. read more

Regions FY 2016 Earnings up 10% Year/Year

Regions Financial announced 2016 full year earnings of $1.1 billion were up 10% over the prior year. Regions noted net interest income and other financing income increased $100 million year-over-year. read more

SunTrust Q4/16 Earnings Hurt by Higher Loss Provisions

SunTrust Banks reported Q4/16 net income of $448 million, down from $467 million for the same quarter in Q4/15. The bank noted provision charges of $101 million were up from $50 million a year earlier as a result of higher charge offs. read more

GATX FY/16 Rail North America Segment Profit Down 15.2%

In its Q4/16 earnings release, GATX reported Rail North America segment profit of $321.9 million in 2016, compared to $379.5 million in 2015. read more

U.S. Bancorp Reports Record Full Year 2016 Net Income

U.S. Bancorp reported record net income of $5,888 million for the full year 2016. Total net revenue of $21.3 billion was up almost 5% from $20.3 billion a year earlier. read more

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Terry Mulreany
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