Recent Earnings

Caterpillar Sales Fall Amid Weak Global Growth, Commodity Prices

Caterpillar said Q4/15 and FY/15 sales and revenues declined due to weakening economic growth and substantially lower commodity prices. In its outlook, Caterpillar said it expects more of the same in 2016. read more

EverBank Q4 Equipment Financing Volume Up 17% Y/Y

EverBank reported Q4/15 equipment financing originations of $420 million were up 22% sequentially from $345 million and 17% compared to $358 million a year earlier. Portfolio growth of 18% was also noted. read more

Boeing YE 2015 Backlog Valued at $432 Billion

Boeing reported its commercial airplanes segment booked a record 768 net orders in 2015 and ended the year with a backlog of nearly 5,800 aircraft valued at $432 billion. read more

MB Financial Reports Y/Y Lease Financing Noninterest Income Up 19%

MB Financial reported lease financing noninterest income for the year ended 12/31/15 was $76.6 million, up 19% from $64.3 million a year earlier. MB noted the increase resulted from higher fees, promotional revenue and higher lease residual realization. read more

SunTrust Reports 24% Q4 Earnings Increase

SunTrust reported Q4/15 net income of $467 million was up 24% from $378 million for the same period one year ago. read more

Webster Reports 11.7% Y/Y Growth in Equipment Financing Balance

Webster Financial reported its year-end 2015 equipment financing balance of $600.5 million was up $62.7 million or 11.7% from $537.8 million a year earlier. read more

GATX FY/15 Rail North America Segment Profit Up 18%

GATX reported its Rail North America segment full-year 2015 segment profit of $380 million was up 18% from $321 million a year earlier. read more

Bank of America Reports ‘Highest Net Income in Nearly a Decade’

Bank of America reported full-year 2015 net income of $14.4 billion was the “highest annual net income in nearly a decade.” Higher provision charges reflect reserve builds due to energy sector exposure. read more

Wintrust Financial Lease Outstandings Reach $220MM

Wintrust Financial noted in its news release on Q4/15 and full year earnings that its Wintrust Commercial Finance leasing operations grew outstandings by $220 million since its inception in April of 2015. read more

Wells Fargo FY Lease Financing Interest Income Declines as Yields Shrink

Wells Fargo reported FY 2015 interest income of $577 million on lease financing average balances of $12.30 billion was down from $690 million on average balances of $12.26 billion a year earlier as yields dropped from 5.63% to 4.70% year/year. read more

U.S. Bancorp Achieves Record FY 2015 Net Income

U.S. Bancorp reported 2015 full year net income of $5,879 million, which was a record compared to $5,851 million a year earlier. The bank noted the continued stability in its net interest margin of 3.06% and 3.05% in Q4/15 and full year, respectively. read more

PNC Q4 Exceeds Expectations

PNC Financial reported Q4/15 net income was $1.0 billion or $1.87 per share, beating Wall Street expectations of earnings per share of $1.80. read more

PNC Beats Expectations Despite Earnings Decline

PNC Financial reported FY and Q4/15 net income of $4.1 billion and $1.0 billion, respectively was down from $4.2 billion and $1.1 billion for the same periods one-year ago. However, EPS of $1.87 exceeded analysts’ estimates of $1.80. read more

JPMorgan Reports Record FY Earnings, Notes Oil/Gas Related Reserves

JPMorgan Chase reported full-year net income was a record $24.4 billion on revenue of $96.6 billion. The bank noted reserve increases in the Oil & Gas portfolio of $124 million. read more

Deere Q4/FY Sales, Earnings Down on Farm, C/E Sales Decline

Deere & Company said Q4 and full fiscal year sales and earnings were down as a result of weakness in the global markets for farm and construction equipment. Outlook for agriculture in U.S. and Canada to be down 15 to 20% in 2016. read more

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