Recent Earnings

Element Fleet Q1/20 Income Up 5.8% Y/Y

Element’s core fleet business generated adjusted operating income of C$134.8 million ($96.36 million) in Q1/20. On a year-over-year basis, core adjusted operating income increased C$12.8 million ($9.15 million) from Q1/19. read more

DLL New Business Volume Up 5%, Portfolio Up 8% in 2019

DLL recorded new business volume of €26.8 billion ($30 billion), representing more than 5% year-over-year growth. The company also realized strong growth in its portfolio, which increased by 8% to €36.2 billion ($40.6 billion). read more

Marlin Reports Q1/20 Net Loss of $11.8MM, Volume Down 24.5% Y/Y

Marlin reported net loss of $11.8 million, compared with net income of $5.1 million a year ago. Total sourced origination volume of $157.4 million was down 24.5% year-over-year. read more

OnDeck Posts Q1/20 Net Loss of $59MM, Gross Income Flat

OnDeck reported Q1/20 gross revenue of $110.6 million, net loss of $59 million and adjusted net loss of $57.6 million. read more

CIT Reports Q1/20 Loss of $628MM, Stable Net Revenue of $496MM

CIT reported a Q1/20 loss of $628 million, compared to net income of $119 million in Q1/19. Q1/20 net revenue of $496 million was up 6% from $466 million in Q1/19. read more

BofA Shores Up Provision for Credit Losses by 380% as Net Income Declines by 45%

Bank of America reported Q1/20 net income of $4.0 billion, down 45% from $7.3 billion in Q1/19. Nonperforming loans increased $504 million from Q4/19, primarily driven by $353 million increase in commercial loans. read more

Wells Fargo Q1/20 Net Income Down 88.9%, Revenue Down 18% Y/Y

Wells Fargo reported Q1/20 net income of $653 million, down 88.9% from net income of $5.9 billion in Q1/19. Revenue of $17.7 billion was down 18% from $21.6 billion year over year. read more

Chesswood Reports Record Originations of $442MM & $1B Portfolio in 2019

Chesswood Group reported its 2019 results, including record-breaking originations of $442 million and a portfolio of $1 billion. read more

OnDeck Q4/19 Net Income Down 44% Y/Y, Revenue Flat

OnDeck reported Q4/19 net income of $9.3 million was down 44% while gross revenue remained flat. Full-year net income and gross revenue showed year-over-year gains of 3.7% and 12%, respectively. read more

Boeing Reports First Loss in Over 20 Years

Boeing reported its first loss in more than 20 years, due to the 737 MAX grounding. Boeing Capital’s full-year 2019 earnings dropped 64.6% year over year. read more

Merchants Financial Group Announces Earnings of $19.76MM for 2019

Merchants Financial Group announced year-end earnings for 2019 with net income of $19.76 million. The earnings exceeded MFGI’s plan for the year by more than $2.6 million and is an increase of 4.7% over 2018 earnings. read more

CIT Group 2019 Net Income Up 18.6%, Revenue Down 3.6% Y/Y

CIT Group reported full-year 2019 net income of $530 million, up 18.6% from $447 million in 2018. 2019 net revenue was $1.848 billion, down 3.6% from $1.917 billion year over year. read more

KeyCorp Q4/19 Net Income Down 4.3%, Loans Up $4.3B Y/Y

Despite reporting a 4.3% decline in net income year over year, KeyCorp had positive momentum in core businesses, including solid growth in loans. read more

GATX 2019 Net Income Holds Steady Despite Railcar Oversupply

GATX reported 2019 Q4/19 net income of $56.6 million compared to net income of $49.2 million in Q4/18. Net income for the full-year 2019 was $211.2 million compared to $211.3 million in the prior year. read more

Signature Bank 2019 Net Income Up 16.5%, Loans Up 7.4% Y/Y

Signature Bank reported 2019 net income was $588.9 million, up 16.5% year over year. Loans increased $2.69 billion, or 7.4%, from year-end 2018. read more

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