Recent Earnings

Snap-on Financial’s Portfolio Reaches $1.13B

During Q2/15, Snap-on Financial Services’ portfolio grew to $1.13 billion, while revenue and operating earnings both increased. read more

GATX Utilization Up While Earnings Sink

Despite utliziation of 99.3% in Q2/15, GATX reported net income of $45.5 million, representing a decline from Q1/15 ($62.2 million) and Q2/14 ($53.1 million). read more

TCF Q2 Equipment Finance Earnings up 14% Year/Year

TCF Financial said its leasing and equipment finance income of $26.4 million was up 14.4% from $23.1 million in Q2/14 despite a drop in yield. TCF noted that its period-end equipment finance loans and leases were $3.79 billion, up 7.4% from $3.53 billion a year earlier. read more

Cat Financial Reports Lower Q2 Profit, New Business Volume

Cat Financial reported Q2/15 revenues and profit of $683 million and $104 million, respectively was down from $728 million and $148 million in Q2/14. New business volume of $2.74 billion was down 20% from $3.44 billion a year earlier. read more

Boeing Capital Q2 Revenues Up, Earnings Off

Boeing Capital revenues and operating profit for Q2 was $115 million and $11 million, respectively compared to $90 million and $33 million a year earlier. Boeing noted Q2 closed with a backlog of 5,700 aircraft valued at $431 billion. read more

Regions Q2 Earnings Helped by Insurance Proceeds

Regions Financial said Q2/15 earnings of $269 million compared to $288 million a year earlier. The bank noted that revenue was up from the previous year primarily as a result of a non-recurring $90 million insurance claim. read more

Rush Q2 Class 8 Truck Sales Increase 29%

Rush’s Class 8 sales increased 29% during Q2/15, outpacing a 22% jump in overall U.S. Class 8 retail sales during the same time period. read more

Signature Bank Records Record Income in Q2/15

Signature Bank released its Q2/15 earnings and reported net income of $90.5 million, setting a new record for the New York-based bank. read more

Fifth Third Q2 Earnings Hurt by Non-Cash Impairment Charge

Fifth Third reported Q2/15 earnings of $292 million was down 30% from $416 million a year earlier. The bank said it took a non-cash impairment charge of $97 million related to a downsizing of its branch network. read more

GE Reports Q2 Net Loss on Discontinued Operations Charges

General Electric reported a Q2/15 net loss of $1.36 billion as it booked a $3.75 billion loss from discontinued GE Capital operations. For the six month period ended 6/30, GE notes GE Capital segment loss of $8.3 billion. read more

KeyCorp Q2 Earnings Hurt by Higher Provision Charges

KeyCorp announced Q2/15 earnings of $230 million compared to $242 million a year earlier. The bank noted a $41 million provision charge that was up from $12 million in Q2/14. read more

Citigroup Q2 Earnings Reflect Impact of RMBS/CDO Claims

Citigroup reported Q2/15 net income of $4.8 billion compared to $181 million a year earlier. The bank noted 2014 results included the impact of a $3.8 billion charge to settle legacy RMBS and CDO-related claims. read more

BofA Q2 Earnings More than Double on Lower Legal Costs

Bank of America reported Q2/15 net income of $5.3 billion compared to $2.3 billion in Q2/14. The bank said legal costs of $175 million were down from $4.0 billion in Q2/14. read more

U.S. Bancorp Q2 Results Meet Expectations

U.S. Bancorp reported Q2/15 net income of $1,483 million compared with $1,495 million in Q2/14. Earnings per share of $0.80 met the expectations of analysts polled by Thomson Reuters. read more

PNC: Lower Q2 Loan Yields Impact NIM, Interest Income

PNC Financial reported Q2/15 net interest margin was 2.73%, down from 3.12% in Q2/14. The bank noted the decline partially reflected its increasing liquidity position and lower loan yields. read more

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