Recent Earnings

IBM Global Financing Q2 Revenues Down 11.3% Year/Year

IBM reported its Global Financing unit Q2/16 revenues of $424 million were down 11.3% from $478 million for the same quarter a year earlier. read more

Wells Fargo Q2/16 Results Reflect Higher Oil & Gas Charges

Wells Fargo reported Q2/15 earnings of $5.6 billion were down from $5.7 billion a year earlier despite higher revenues. The bank noted a Q2 provision charge $1,074 million compared to $300 million a year earlier. read more

U.S.Bancorp Reports Record Q2/16 Revenue, Net Income

U.S. Bancorp reported record Q2/16 net income of $1,522 million compared with $1,483 million a year earlier. Revenue was a record $5.45 billion, up 8.1% from $5.0 billion a year earlier. read more

JPMorgan Q2 Performance Beats Estimates

Bloomberg reported JPMorgan posted revenue that beat estimates as it extended $106 billion more in loans compared to a year earlier. Earnings per share of $1.55 exceeded analysts’ estimates of $1.43. read more

Ascentium Reports Strong Q2/16 Growth, Record June

Ascentium Capital funded $225.4 million during Q2/16 which included a record month in June with origination volume representing 30% growth over the same period last year. read more

Deere Q2 Earnings Down 28% on ‘Global Farm Recession’

Deere & Company reported Q2/16 earnings were down 28% from $690.5 million a year earlier. The company noted the global farm recession and weak construction-equipment markets lead to lower earnings. read more

FLY Leasing Q1 Earnings Off on Lower Lease-End Revenue

FLY Leasing reported Q1/16 net income of $7.1 million was down from $19.9 million a year earlier. FLY noted Q1/15 results included $21.9 million of end-of-lease revenue compared to $3.2 million in Q1/16. read more

Chesswood Announces Record Q1 Results, Cites Strong Originations

Chesswood Group announced Q1/16 net income was $12.2 million, up $8.7 million from $3.5 million in Q1/15. Chesswood said the first quarter was most notable for strong originations. read more

Element Financial Q1 Originations up 40%, Earning Assets up 92%

Element Financial reported Q1/16 originations of $2.1 billion, up 40% from $1.5 billion one year earlier. Total earnings assets of $19.4 billion were up 92% from $10.1 billion at the end of Q1/15. read more

Air Transport Reports 767 Deployments Drive Q1 Revenue Growth

Air Transport Services, a freighter aircraft leasing company, reported Q1/16 revenue growth included expanded air network operations for ATSG’s newest customer Amazon Fulfillment Services. read more

Willis Lease Finance Q1 Earnings Up 64% Y/Y

Willis Lease Finance net income in Q1/16 increased 64% to $3.8 million from $2.3 million in Q1/15. Total revenue grew 18.1% to $50.6 million in Q1/16 from $42.8 million in the year-ago period. read more

Air Lease Reports Portfolio Increase Despite Drop in Acquisitions

Air Lease reported flight equipment subject to operating leases, net of depreciation of $11.2 billion, was up from $10.8 billion a year earlier. The acquisition of flight equipment subject to operating leases of $458.4 million in Q1/16 was down from $488.2 million in Q1/15. read more

CNH Q1 Originations Down on Decline in Ag Equipment Sales

CNH Industrial reported Q1/16 retail loan originations were $1.9 billion, down $0.1 billion compared to Q1/15 primarily due to a decline in agricultural equipment sales. read more

Marlin Reports Q1 Originations Up 35% Y/Y

Marlin Business Services reported lease and loan originations of $108.4 million in Q1/16 were up 35% from $80.3 million in the same quarter a year earlier. read more

CIT Q1 Earnings Reflect Impact of OneWest Acquisition

CIT reported Q1/16 net income of $147 million compared to $104 million for the year-ago quarter, which reflects results prior to the acquisition of OneWest Bank. read more

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Terry Mulreany
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