Recent Earnings

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

FLY Leasing Invests $214MM in New Aircraft in Q3/15

Fly Leasing announced its financial results for Q3/15 along with a $100 million share repurchase program. read more

Element Financial Reports YTD Originations of $5.1B

Element Financial reported Q3 and year-to-date originations of $1.9 billion and $5.1 billion, respectively were up 60.9% and 68.7% compared to the same periods one-year ago. read more

Air Lease Reports 23% Increase in Q3 Earnings on Higher Revenues

Air Lease said its Q3/15 earnings of $77.0 million were up 23.4% from $62.4 million a year earlier. Revenues of $313.1 million were up 19.5% compared to Q3/14. Fleet utilization was at 100% at 9/30/15. read more

Air Transport 767 Freighter Leases Drive Revenue Growth

Air Transport Services reported that during the first nine months of 2015 it purchased three 767-300 aircraft, one more than in 2014. The company plans to acquire one additional 767 for deployment with an existing customer. read more

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