Recent Earnings

Wells Fargo Loan Growth Reflects GE Capital Purchase

Wells Fargo reported Q2/15 earnings of $5.7 billion were about the same as Q2/14 and matched analysts’ expectations. Total sequential loan growth of $27.2 billion included $11.5 billion from a GE Capital loan purchase. read more

JPMorgan Beats the Street on Lower Expenses

JPMorgan Chase reported Q2/15 earnings of $6.3 billion, up from $6 billion in Q2/14 despite a drop in net revenue of $806 million. Earnings per share of 1.54 exceeded analysts’ expectations of $1.44 EPS. read more

FDIC: U.S. Banks $10B+ Q1 Yield 3.12%; NIM 2.83%

The FDIC reported the Q1/15 yield on earning assets and net interest margin for U.S banks with assets greater than $10 billion (94) was 3.12% and 2.83%, respectively, down from 3.32% and 3.00% in Q1/14. read more

Deere Q2 Sales, Earnings Hurt by Slowdown in Global Farm Economy

Deere & Company reported Q2 fiscal year earnings were down 30% compared to the same period last year. The machinery maker noted a slowdown in the global farm economy led to lower sales and earnings. read more

Willis to Lease Engines to Southwest Airlines

Willis Lease Finance announced it entered into an engine lease support agreement with Southwest Airlines for 22 CFM56-7B24 spare engines. read more

Banks Show Q1 Growth, But ‘Dismal’ Net Interest Margin

SNL reported that the banking industry showed Q1/15 growth in loans and profits but a “dismal” net interest margin. read more

Element Financial Q1 Volume Up 36% Year/Year

Element Financial reported Q1/15 new originations of $1.5 billion, up 36% from $1.1 billion a year earlier. Total earning assets of $10.8 billion was up from $9.7 billion sequentially and $3.8 billion one year ago. read more

Ritchie Bros. Q1 Earnings Up 65% Year/Year

Ritchie Bros. Auctioneers reported record Q1/15 net earnings of $23.6 million, up 65% from $14.3 million a year earlier. read more

NewStar Q1 Earnings Down on Lower Net Interest Income

NewStar Financial reported Q1/15 net income of $2.5 million was down from $6.2 million a year earlier. The company noted net interest income after provision charges of $10.4 million was down from $14.8 million in Q1/14. read more

Deere: Q1 Earnings Off 43% on Lower Ag Sales

Deere reported Q1/15 earnings were down 43% from the same quarter last year. The company noted agriculture sales decreased 27% reflecting sluggish conditions in the global farm sector. read more

Marlin Q1 Volume Up Year/Year; Earnings Slip on Provision Charges

Marlin Business Services reported Q1/15 lease and loan production was $81.6 million, up from $74.0 million a year earlier. Earnings of $4.1 million were down from $4.6 million in Q1/14 hurt by provision charges that were $1.6 million higher. read more

Komatsu’s Profit Falls 15% Amid Growth Slowdown in China

Bloomberg said that Komatsu reported a 15% decline in Q1/14 profit after slower economic growth in China cooled the construction market and undermined the appetite of mining. read more

CIT Q1 Earnings Disappoint on Higher Tax Provision

CIT Group reported Q1/15 net income was $104 million, down 12% from net income of $117 million in Q1/14. Earnings per diluted share of $0.59 were off from the $0.73 EPS expected by analysts polled by Thomson Reuters. read more

Huntington Rebrands Macquarie Equipment Finance

Huntington Bancshares said the Macquarie Equipment Finance acquisition added $800 million of equipment finance leases. The bank also noted MEF was rebranded to Huntington Technology Finance. read more

Caterpillar Q1 Profits Higher; Raises 2015 EPS Outlook

Caterpillar reported Q1/15 profit of $1.11 billion, up 20% from $0.92 billion a year earlier. The company revised its outlook to $5.00 per share from its previous outlook of profit per share of $4.75, excluding restructuring costs. read more

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