Recent Earnings

TCF Reports Q1 Drop in Earnings

TCF Financial reported Q1/15 net income was $39.8 million, down 11% from $44.8 million in Q1/14. TCF noted its return on average assets and net interest margins were down 15 bps and 16 bps, respectively. read more

Ascentium Volume Soars 77.3% Y/Y

Ascentium Capital announced strong growth during first quarter 2015. The company obtained a 77.3% increase in volume over the same period last year and with assets near $743 million, a 69.3% increase was achieved. read more

Cat Financial Q1 Volume Down 12%; Pre-Tax Profit Up

Cat Financial reported Q1/15 retail new business volume was $2.47 billion, down $329 million or 12% from Q1/14. Cat noted pre-tax profit was up from the previous year primarily as a result of a decrease in provision charges. read more

GATX Q1 Earnings Up 48% Y/Y on Rail NA Improvement

GATX reported Q1/15 net income of $62.2 million was up 48% compared to net income of $42.1 million in Q1/14. The company noted significant improvement in its Rail North American segment profit. read more

Rush Q1 Class 8 Truck Sales Increase 52%

Rush Enterprises said Q1/15 U.S. Class 8 retail sales were up 25% compared to the same quarter in 2014. Rush’s Class 8 sales increased 52% over the same time period. read more

PACCAR Q1 Earnings up 38%; Provides Upbeat Forecast

PACCAR reported Q1/15 earnings were up 38% compared to last year on the strength of stronger industry truck sales in North America. The company noted Class 8 truck sales in 2015 are expected to be in a higher range compared to 2014. read more

GE Capital Q1/15 Net Loss of $14.7B After ‘Exit Impacts’

In a special report on Q/15 earnings, GE said GE Capital’s operating results, after the effect of “exit impacts,” was a net loss of $14.7 billion. GE also notes with regard to its GE Capital portfolio strategy, this is an “excellent environment for creating value from financial assets.” read more

KeyCorp Reports Lower Q1 Lease Financing Balance, Yield & Income

Keycorp reported its Q1/15 commercial lease financing average balance of $4.1 million with related income of $36 million and yield of 3.57% was down from $4.4 billion with related income of $42 million and yield of 3.78% one year earlier. read more

Bank of America Swings to Profit on Lower Litigation Costs

Bank of America reported Q1/15 earnings of $3.4 billion compared to a loss of $276 in the year-ago period. The bank noted that Q1/14 performance included litigation costs of $6.0 billion versus $370 million this year. read more

PNC Beats Estimates, Net Interest Margin Drops to 2.82%

PNC Financial reported net income of $1.0 billion or $1.75 per share, which topped expectations of $1.72 EPS. PNC noted its Q1/15 net interest margin of 2.82% was down from 3.26% for the same quarter a year earlier. read more

U.S. Bancorp Q1 Earnings Higher on Asset Growth

U.S. Bancorp reported Q1/15 net income of $1,431 million was up 2.4% from $1,397 million a year earlier driven by earning asset growth. The bank also noted its Q1 net interest margin of 3.08% was down from 3.35% a year earlier. read more

Wells Fargo Reports 117 BP Drop in Q1 Lease Financing Yield

Wells Fargo reported its Q1/15 lease financing average balance was $12.32 billion with a reported yield of 4.95% compared to $12.26 billion with a reported yield of 6.12% in Q1/14. read more

DLL Reports 13% Increase in FY/14 Profit Performance

DLL reported an annual net profit of $602 million for FY2014, up 13% compared to FY2013. DLL noted that its managed portfolio increased by 10% year/year to $42 billion. read more

Willis Lease Finance Reports Q4 Net Loss

Willis Lease Finance reported a Q4/14 net loss of $0.3 million compared to net income of $6.6 million in Q4/13. The loss included $2.7 million in write-downs and the expensing of $3.5 million related to an engine repair. read more

Air Lease Reports Record Profitability, Fleet Growth

Air Lease said revenue and net income for FY 2014 was $1.05 billion and $256 million, up 22% and 35%, respectively from a year earlier. The aircraft lessor noted a YE/14 portfolio of $9.0 billion, up 18% from $7.6 billion a year earlier. read more

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