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
MAY 12, 2016 - 7:38 am
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
MAY 11, 2016 - 6:44 am
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
MAY 10, 2016 - 7:06 am
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
MAY 6, 2016 - 6:10 am
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
MAY 2, 2016 - 7:43 am
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
APR 29, 2016 - 7:35 am
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
APR 28, 2016 - 7:38 am
PACCAR Financial Services reported Q1/16 pretax income of $80.3 million compared to $89.0 million earned in Q1/15. PFS noted Q1/16 revenues of $289.4 million compared to $284.7 million in the same year-ago quarter. read more
APR 27, 2016 - 6:52 am
PACCAR reported a Q1/16 net loss of $594.6 million compared to net income of $378.4 million in Q1/15. The truck-maker noted a $942.6 million non-recurring charge for the European Commission Investigation. read more
APR 27, 2016 - 6:37 am
KeyCorp reported Q1/16 earnings were down from the same quarter in 2015 and noted its provision charge was higher as its asset quality measures were impacted by credit migration primarily in the oil and gas portfolio. read more
APR 25, 2016 - 7:19 am
TCF Financial reported Q1/16 earnings of $48.0 million were up 20.7% year-over-year. TCF also noted that leasing and equipment revenue of $28.5 million was up over 28% compared to a year earlier. read more
APR 25, 2016 - 7:10 am
Fifth Third reported Q1/16 earnings were $312 million, down from $346 million for the same quarter in 2015. The bank’s loan loss charge of $119 million was up 72% from a year earlier primarily as a result of reserving for nonperforming energy related C&I loans. read more
APR 25, 2016 - 6:54 am
Snap-on reported its financial services unit added $230.9 million to its portfolio in Q1/16, up 16% from $198.8 million a year earlier bringing net outstandings to $1,270 million at first quarter-end 2016. read more
APR 25, 2016 - 6:47 am
Cat Financial Q1/16 retail new business volume was $2.29 billion, down 7% from $2.47 billion a year earlier. Cat noted the decrease was primarily related to lower volume in the mining and marine portfolios. read more
APR 22, 2016 - 8:01 am
GATX reported Q1/16 net income of $69.3 million was up 11.4% from net income of $62.2 million in the same quarter one-year ago. Overall investment volume of $140.2 million was down 22.5% from $180.9 million in Q1/15. read more
APR 22, 2016 - 7:33 am