Recent Earnings

Regions Q3 Earnings Off on Higher Non-Interest Expense

Regions Financial reported Q3/15 earnings of $246 million, down 17% from $297 million a year earlier. The bank noted non-interest expense was up $69 million compared to Q3/14. read more

GE Reports $126B of Signed Dispositions, Will Close $100B by YE

GE noted in its recent Q3/15 earnings report that it signed $126 billion of dispositions, ahead of plan and on track for goal of closing about $100 billion by year-end. read more


U.S. Bancorp Reports Higher Q3 Earnings, Record EPS

U.S. Bancorp reported Q3/15 earnings of $1,489 million was up from $1,471 million a year earlier. The bank’s Q3/15 EPS of $0.81 met analysts’ expectations and was a record achievement. read more

KeyCorp Reports 10% Increase in Q3 Earnings on Higher Revenues

KeyCorp said Q3/15 net income from continuing operations of $216 million was up 10% from $197 million a year earlier. Revenue of $1,068 million was up from $998 million in Q3/14. read more

PNC Beats the Street, Despite Lower Revenue, Higher Provisions

PNC Financial reported Q3/15 net income of $1.1 billion was up from $1.0 billion a year earlier. EPS of $1.90 easily topped estimates of $1.72. read more

Wells Fargo YTD Lease Financing Yield Falls 96 BPS Y/Y

Wells Fargo reported its year-to-date 2015 lease financing interest income of $441 million was down 16% from $526 a year earlier. The related YTD yield of 4.77% was down 96 basis points from 5.73% in 2014. read more

Bank of America Q3 Profit Aided by Substantially Lower Legal Fees

Bank of America reported Q3/15 net income of $4.5 billion compared to a net loss of $232 million a year earlier. The bank noted its litigation costs of $231 million in Q3/15 compared to $6.0 billion in Q3/14. read more

JPMorgan Q3 Earnings Helped by $2.2B Tax Benefit

JPMorgan Chase reported Q3/15 net income of $6.8 billion, up 22% compared to $5.6 billion a year earlier. The bank noted a one-time tax benefit of $2.2 billion was included in the results. read more

DLL H1 Profits Up 13.9%; Portfolio Grows 4.7%

DLL recorded a net profit of $286 million in the first half of the year, which represents a 13.9% increase compared to the same time last year. The company’s leasing portfolio grew by 4.7% to $39 billion. read more

HP Financial Q3 Pretax Up, Operating Margin Improves

HP reported Financial Services segment Q3/15 pretax earnings were $87 million, up from $79 million in Q3/14. HP noted Financial Services delivered an operating margin of 10.8%, up 1.6 points from Q3/14. read more

John Deere Capital Q3 Income Drop Attributed to Lower Spreads

John Deere Capital reported lower Q3 and YTD net income and noted the declines were primarily due to less favorable financing spreads. read more

Element Financial Reports Q2 NBV of $1.8B, 74% in U.S.

Element Financial reported Q2/15 originations increased to $1.8 billion, up from $1.5 billion sequentially and $793 million a year earlier. Element noted the U.S. accounted for 74% of Q2 originations. read more

ePlus Reports Lower Financing Segment Sales, Earnings

ePlus reported financing segment net sales and earnings in the first fiscal quarter were $8.4 million and $2.0 million, respectively compared to $8.9 million and $3.7 million for the same quarter in 2014. read more

NewStar Financial Swings to $5MM Profit in Q2

NewStar Financial announced Q2/15 net income of $5.0 million compared to a net loss of $1.9 million in Q2/14. NewStar noted pretax operating income was $8.6 million compared to a loss of $3.1 million in Q2/14. read more

Marlin Hires New CFO; Q2 Originations Up 5% Y/Y

Marlin Business Services hired W. Taylor Kamp as senior vice president and CFO and also released its Q2/15 earnings report, which showed originations increased 5% year over year. read more

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