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

APR 27, 2015 - 6:35 am

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

APR 24, 2015 - 7:31 am

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

APR 24, 2015 - 7:28 am

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

APR 24, 2015 - 7:23 am

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

APR 22, 2015 - 6:55 am

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

APR 22, 2015 - 6:53 am

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

APR 17, 2015 - 8:05 am

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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

APR 17, 2015 - 7:22 am

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

APR 15, 2015 - 1:40 pm

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

APR 15, 2015 - 10:19 am

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

APR 15, 2015 - 10:16 am

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

APR 15, 2015 - 7:36 am

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

MAR 26, 2015 - 7:07 am

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

MAR 12, 2015 - 6:36 am

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

FEB 27, 2015 - 6:55 am