Wells Fargo reported its lease financing average balances of $19,070 million in Q1/17 were up 26.7% compared to $15,047 million for the same quarter a year earlier. read more

APR 14, 2017 - 7:30 am

PNC Financial reported Q1/17 revenue and net income was up 6.0% and 13.9%, respectively. Earnings per share of $1.96 exceeded analysis’ polled by Thomson Reuters of $1.83. read more

APR 14, 2017 - 7:14 am

JPMorgan Chase reported Q1/17 net income of $6.45 billion, up 17% from $5.52 billion a year earlier. The bank noted revenue was up $1.5 billion and provision charges were down 28% helped by oil and gas releases. read more

APR 14, 2017 - 6:54 am

Ascentium Capital reported Q1/17 funded volume of $225.1 million, representing 25.5% growth year-over-year. The company also managed $1.6 billion in assets, representing a 37.7% increase year-over-year. read more

APR 11, 2017 - 7:58 am

Fleet Financing reported a 22% increase to $5.4 million in finance income as well as a 32% increase in origination volume for the fiscal year ended December 31, 2016. read more

MAR 28, 2017 - 7:02 am

Willis Lease Finance reported 2016 pre-tax earnings of $23.9 million, up 87.4% from $12.8 million in 2015 on record revenue of $207.3 million. read more

MAR 13, 2017 - 6:54 am

FLY Leasing reported a Q4/16 and FY net loss of $63.8 million and $29.1 million driven by non-cash impairment charges taken on older, out-of-production wide-body aircraft. read more

MAR 13, 2017 - 6:47 am

Element Fleet Management reported 2016 originations were $6.6 billion, up 40.4% from $4.7 billion a year earlier. Element’s board also approved a recommendation for a threefold increase in its annual dividend. read more

MAR 10, 2017 - 7:42 am

Arvest Equipment Finance recorded a second consecutive year of at least 25% growth in volume in 2016. In addition, AEF promoted John Bradford and hired Omar Portillo and Rick Dierks. read more

MAR 10, 2017 - 7:25 am

Navistar reported a Q1/17 net loss of $62 million which reflects lower truck volume due to soft Class 8 heavy industry conditions. Financial Services revenue and earnings were also down partially driven by lower finance receivables balances. read more

MAR 9, 2017 - 6:59 am

ECN Capital said assets under management at YE/16 of $7.9 million will be reduced to $6.2 million after the sale of the U.S. commercial and vendor finance business to PNC Financial Services. read more

MAR 8, 2017 - 7:22 am

The FDIC reported full-year 2016 earnings rose to $171.3 billion, up 4.9% compared to 2015. The regulator noted that loan loss provisions totaled $47.8 billion in 2016, an increase of 28.8% from 2015. read more

MAR 7, 2017 - 7:04 am

Air Lease said revenues of $1.4 billion and earnings of $374.9 million were up 16% and 48%, respectively for the full year 2016. read more

FEB 24, 2017 - 7:29 am

Hewlett Packard Enterprise reported its HPE Financial Services business revenue was $823 million, up 6% year/year. Net portfolio assets were up 2% and financing volume was down 10%. read more

FEB 24, 2017 - 7:12 am

Deere & Company reported Q1/17 net income was $193.8 million versus $254.4 million for the same period one year-ago. The company nots results were pressured by soft conditions in the farm and construction equipment sectors. read more

FEB 21, 2017 - 7:07 am