Recent Earnings

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

NetSol Revenue Jumps 30% in Fiscal Q1/16

NetSol Technologies reported total revenue of $13.3 million at the end of the first fiscal quarter ended September 30, 2015, marking a rise of roughly 30% in revenue compared to the same quarter last year. read more

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