Recent Earnings

PACCAR Q3/16 Net Income Down 19.7% Y/Y, PFS Down 23.6%

In Q3/16, PACCAR reported net income of $346.2 million and PACCAR Financial Services reported pre-tax income of $71.0 million, both drops from the same period a year ago. read more

Cat Reports 20% Drop in NA Sales Due to Low Infrastructure Demand

Sales in North America decreased 20% in Q3/16 as Caterpillar reported $9.2 billion in total sales and revenues, a 16% decline year-over-year. read more

CIT Q3/16 Financing and Leasing Assets Down 1.6%

In its Q3/16 earnings report, CIT announced that financing leasing assets of $49.3 billion were down 1.6% from the $50.1 billion reported in the same quarter a year ago. read more

KeyCorp Reports Q3/16 Operating Lease Assets Up 27% Y/Y

In its Q3/16 earnings report, KeyCorp revealed that operating lease assets at the end of the quarter were $430 million compared to $315 million at the end of Q3/15. read more

Fifth Third Q3/16 Earnings Up 37% Y/Y Helped by Lower Provision Charges

Fifth Third reported Q3/16 earnings of $501 million were up 37% from $366 million in Q3/15. The bank noted an 18% gain in noninterest income and a 49% drop in loan loss provisions. read more

GATX Q3 Earnings More than Double Helped by Residual Sharing Fee

GATX reported Q3/16 earnings of $95.7 million were up 142% from $39.5 million a year earlier. The railcar lessor noted Q3 results included a $49.1 million pretax residual sharing fee settlement. read more

Snap-on Organic Sales Increase 2.6%, Financial Services Earnings Up 16.3%

Snap-on reported Q3/16 organic sales increased $21.2 million or 2.6% and that financial services operating earnings were $50.6, up 16.3% from 2015 levels. read more

U.S. Bancorp Q3/16 Earnings Improve on Higher Revenue

U.S. Bancorp reported Q3/16 net revenue was up $242 million or 4.7% from the same quarter a year earlier. read more

Regions Financial Reports 26% Y/Y Earnings Growth in Q3/16

Regions Financial reported Q3/16 earnings of $304 million, up 26% from $242 million in the same quarter a year earlier. The bank noted year/year revenue growth of $103 million. read more

Fleet Financing Resources Records 32% Volume Growth

Fleet Financing Resources reported new and used titled transportation equipment funded volume was $50 million for first nine months of 2016, up 32% from the same period in 2015. read more

Wintrust Q3/16 Earnings Up 38%, EPS Beat Estimates

Wintrust Financial reported Q3/16 net income was a record $53.1 million, up 38% from $38.4 million in Q3/15. Earnings per share of $0.92 beat analysts’ estimates of $0.90 per share. read more

Wells Fargo Reports 54% Increase in Lease Financing Balances

Wells Fargo reported lease financing average balances for Q3/16 of $18.9 billion, up 53.7% from $12.3 billion a year earlier. The company noted strong loan growth included the GE Capital portfolio acquisitions. read more

PNC Financial Beats Consensus EPS Estimates

PNC Financial Services reported Q3/16 net income of $1.0 billion and earnings share of $1.84 beating analysts’ estimates of $1.78. read more

JPMorgan Q3 Earnings Beat Estimates, Hurt by 86% Credit Loss Increase

JPMorgan reported Q3/16 net income of $6.3 billion was down 8% from $6.8 billion in the same quarter a year earlier. EPS of $1.58 beat analysts’ estimates of $1.39. The bank noted its provision for loan losses was up 86% year/year. read more

NetSol Swings to Fiscal 2016 Profit on Record Revenues

NetSol Technologies reported net revenue for fiscal year 2016 was a record $64.6 million, up 26% from the previous year. Net income was $3.4 million compared to a net loss of $5.5 million a year earlier. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.