Recent Earnings

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

Wells Fargo FY Interest Income on Lease Financing Balances up 59%

Wells Fargo interest income on lease financing average balances of $17.95 billion was $916 million in 2016, up 59% from $577 million on average balances of $12.30 billion a year earlier. read more

Greenbrier Q1 Earnings Off on Lower Revenue

The Greenbrier Companies reported net earnings for its first fiscal quarter ended November 30, 2016 were $25 million on revenue of $552.3 million compared to $69.4 million on revenue of $802.4 million for the same quarter a year earlier. read more

Navistar Reports Q4 Loss on ‘Softening’ Class 8 Volumes

Navistar announced a Q4/16 net loss of $34 million driven largely by continued softening of Class 8 industry volumes in the U.S. and Canada. read more

HPE Financial Reports Y/Y Portfolio Growth Despite Flat Volume

HPE reported its Financial Services unit net portfolio assets at fiscal year-end 2016 of $12.8 billion was up from $12.3 billion a year earlier. Financing volume of $6.48 billion compared $6.50 billion in fiscal 2015. read more

John Deere Capital Q4/FY Earnings Down on Spreads, Residuals & Losses

Deere & Company reported earnings from its John Deere Capital subsidiary of $81.7 million and $341.6 million for Q4/16 and full year were down 33% and 31%, respectively, on less favorable spreads, losses on residual values and higher provision charges. read more

Deere Reports Lower Q4/FY Earnings on Farm Recession, Week C/E Markets

Deere & Company reported lower sales and earnings compared to the same year-ago periods. The company noted that its year/year performance was impacted by the global farm recession and week construction-equipment markets. read more

FLY Leasing Q3 Earnings Hurt by Lower Lease Rental Revenue

FLY Leasing reported Q3/16 net income of $22.9 million was down from $27.5 million a year earlier. Operating lease rental revenue of $82.7 million was down from $104.4 million in Q3/15. read more

Element Reports Q3 NBV up 40%; Fee Income 56% of Total Revenue

Element Fleet Management reported Q3/16 originations of $1.57 billion, up 40% from $1.12 billion in Q3/15. Service and fee revenue of $128.8 million represented 56% of total fleet revenue versus 45% in Q3/15. read more

ECN Capital Reports Q3 Earning Assets Up 19% Year/Year

ECN Capital reported Q3/16 after-tax adjusted operating income of $27.4 million was up from $26.9 million in Q3/15. Total earning assets and assets under management of $7.5 billion were up 19% from $6.3 billion a year earlier. read more

Willis Lease Finance Reports 56% Q3 Earnings Increase

Willis Lease Finance reported net income for Q3/16 increased by $1.4 million or 56% to $4.0 million from $2.6 million in Q3/15. read more

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Terry Mulreany
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