Recent Earnings

Cat Financial Reports Q2 Decreases in Financial Metrics Partially Due to COVID-19

Cat Financial reported Q2/20 revenues of $641 million, a decrease of $116 million, or 15%, compared with Q2/19. Q2/20 profit was $59 million, a $20 million, or 25%, decrease from Q2/19. read more

Marlin Reports $5.9MM Q2/20 Loss, Volume Down 71% Y/Y

Marlin Business Services reported a Q2/20 net loss of $5.9 million, an improvement from its Q1/20 net loss of $11.8 million, and $67.2 million in new business volume, down 71% year over year. read more

Avolon Reports $619MM in Q2/20 Lease Revenue

International aircraft leasing company Avolon reported lease revenues for Q2/20 were $619 million. Avolon also executed a total of 16 lease transactions in the quarter comprising new aircraft leases, follow-on leases and lease extensions. read more

Wintrust Experiences Q2/20 Growth in Leasing Despite Significant Income Decline

Wintrust Financial reported that its leasing business grew during Q2/20, with its portfolio of assets, including capital leases, loans and equipment on operating leases, increasing by $231.2 million to $2 billion at the end of Q2/20. read more

Ascentium Capital Passes $2.5B in Managed Assets

Ascentium Capital reported Q2/20 funding volume of $255.0 million, with year-to-date funding volume of $620.5 million. This enabled the company to achieve a new portfolio milestone, reaching $2.5 billion in managed assets. read more

PACCAR and PACCAR Financial Services Take Hits to Q2 Income

PACCAR Financial Services reported Q2/20 pre-tax income of $55.5 million compared with $80.3 million earned in the second quarter last year. In addition, PACCAR reported net income of $147.7 million in Q2/20 compared with $619.7 million earned in the same period last year. read more

AerCap Raises $3 Billion of Funding in Q2/2020

AerCap raised $3 billion in funding, purchased two new aircraft, executed sale transactions for nine owned aircraft and signed lease agreements for 10 aircraft during Q2/20. read more

TD Bank Q2/20 Earnings Down 52% Y/Y, Revenue Up 2.9%

TD Bank Group reported Q2/20 earnings of C$1.5 billion, down 52% compared with the same quarter last year and total revenue of C$10.5 million in Q2/20, up 2.9% from $10.2 million in Q1/20. read more

Chesswood Reports C$19.8MM Q1/20 Net Income Loss, Provides COVID-19 Update

Chesswood Group reported a net loss of C$19.8 million ($14.06 million) in Q1/20 and provided a COVID-19 update. read more

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

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.