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

OCT 15, 2015 - 6:51 am

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

OCT 15, 2015 - 6:06 am

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

OCT 14, 2015 - 7:26 am

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

AUG 25, 2015 - 7:10 am

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

AUG 24, 2015 - 6:42 am

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

AUG 24, 2015 - 6:21 am

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

AUG 13, 2015 - 7:29 am

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

AUG 10, 2015 - 7:05 am

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

AUG 6, 2015 - 6:33 am

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

AUG 5, 2015 - 7:28 am

EverBank reported at 6/30/15 equipment finance receivables of $2.15 billion were up 36% from $1.58 billion a year earlier. The bank noted
Lender Finance receivables were up 46% year/year. read more

AUG 3, 2015 - 6:51 am

Willis Lease Finance reported following a $3.1 million non-cash write-down related to a part-out of a aircraft engine, its Q2/15 net loss was $0.5 million compared to net income of $2.2 million in Q2/14. read more

AUG 3, 2015 - 6:26 am

Triumph Bancorp reported that its commercial finance portfolio, comprised of equipment and asset-based loans and factoring products, ended Q2/15 at $467.7 million, up 45% from $321.9 million a year earlier. read more

JUL 29, 2015 - 7:26 am

In its Q2/15 earnings report, PACCAR reported sizable growth in total earnings and net sales, including a 40% boost in net income. read more

JUL 29, 2015 - 7:08 am

CIT Group reported Q2/15 net income of $115 million or $0.66 per diluted share which met the EPS consensus estimates by Thomson Reuters. CIT noted new lending and leasing volume of $1.6 billion in its NA Commercial Finance segment. read more

JUL 28, 2015 - 7:32 am