Recent Earnings

CG Commercial Finance Reports $80MM in Q4/16 Originations

CG Commercial Finance reported nearly $80 million in Q4/16 originations, with $35 million of those held on the company’s balance sheet. read more

OnDeck Reports Higher FY Net Loss as Provision Charges Double

OnDeck reported a net loss of $83.0 million for full-year 2016, up from a net loss of $1.3 million a year earlier. The company noted its provision for loan loss charges doubled from $74.9 million 2015 to $150 million in 2016. read more

NewStar FY/16 Earnings Up on Sale of ABL, Equipment Finance Assets

NewStar reported 2016 net income of $28.2 million was up from $16.9 million a year earlier aided by $29.2 million in gains on the sale of its asset-based lending and equipment finance businesses. read more

Aircastle Reports FY Earnings Up on Lower Impairment Charges

Aircraft lessor Aircastle reported full year 2016 adjusted net income was $168.5 million, an increase of $26.3 million. The improvement was primarily driven by a $91.3 million reduction in non-cash aircraft impairment charges. read more

Madison Capital Records 50% Originations Growth in 2016

Madison Capital recorded its best growth year ever in 2016. Originations during the year increased by 50% over the prior year and assets under management grew by 24%. read more

LEAF Delivers 23% Originations Increase in 2016

LEAF Commercial Capital reported strong year-over-year results for 2016 which included a 23% increase in originations and a 17% increase in assets under management. read more

Hitachi Capital America Achieves 65% Funded Volume Growth in 2016

Hitachi Capital America reported $3.8 billion in funded volume in 2016, an increase of 65% from 2015. In addition, the company recorded $2.8 billion in total assets, up 44% from 2015. read more

Fleet Financing Resources Reports Record Year/Year Volume Growth

Fleet Financing Resources announced full year total funded volume in 2016 was a record $75 million, up 32% compared to 2015. read more

Snap-on Financial Portfolio Size Increases to $1.4 Billion

In its Q4/16 earnings release, Snap-on noted that its Financial Services related assets at year-end 2016 were $1,407 million, up 15.3% from $1,220 million a year earlier. read more

Pitney Bowes’ Financing Portfolio Drops Below $1.6B

According to Pitney Bowes’ 2016 earnings report, full year financing revenue of $366.5 million was down 10.6% from $410.0 million a year earlier. Finance receivables as of YE/16 of $1.6 billion was down from $1.7 billion. read more

Wintrust Commercial Finance Ends 2016 with $450MM in Assets

After its first full fiscal year of operation, Wintrust Commercial Finance reported more than $450 million in assets and originated $177 million in capital markets new business volume. read more

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

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