Recent Earnings

Wells Fargo YTD Lease Financing Yield Falls 96 BPS Y/Y

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

Bank of America Q3 Profit Aided by Substantially Lower Legal Fees

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

JPMorgan Q3 Earnings Helped by $2.2B Tax Benefit

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

DLL H1 Profits Up 13.9%; Portfolio Grows 4.7%

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

HP Financial Q3 Pretax Up, Operating Margin Improves

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

John Deere Capital Q3 Income Drop Attributed to Lower Spreads

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

Element Financial Reports Q2 NBV of $1.8B, 74% in U.S.

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

ePlus Reports Lower Financing Segment Sales, Earnings

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

NewStar Financial Swings to $5MM Profit in Q2

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

Marlin Hires New CFO; Q2 Originations Up 5% Y/Y

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

EverBank Reports 36% Y/Y Increase in Equipment Finance O/S

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

Willis Q2 Earnings Hurt by Engine Write-Down

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

Triumph Commercial Finance Portfolio Up 45% Year/Year

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

PACCAR Records 40% Earnings Spike in Q2

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

CIT Q2 EPS Meets Expectations, NA Commercial Finance Volume $1.6B

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

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