Recent Earnings

Wells Fargo Q3 Y/Y Net Interest Margin Off 33 BPS

Wells Fargo reported Q3/14 net income of $5.7 billion was up from $5.6 billion in Q3/13. The bank noted that its Q3/14 net interest margin of 3.06% was down from 3.15% sequentially and 3.39% in Q3/13. read more

DLL H1 Profit Up 8.2%; Portfolio Grows to $42.5B

De Lage Landen reported H1/14 net profit of $308 million was up 8.2% compared to H1/13. DLL also noted growth in its leasing portfolio, which was up 4.5% to $42.8 billion. read more

HP Financial Q3 Financing Volume Up 14%

HP reported its financial services revenue was down 3% year/year with a 1% increase in net portfolio assets and a 14% increase in financing volume. read more

Deere Posts Lower Q3 Earnings, Finance Unit Profits Higher

Deere & Company reported lower Q3/14 profits on a slowdown in farm machinery sales. Deere noted that its John Deere Capital unit profits were higher primarily as a result of growth in the credit portfolio. read more

Element Financial Q2 Organic Volume Up 23%

Element Financial reported Q2/14 organic originations of $793 million, which were up 23% from $642 million sequentially, contributed to a 7.9% increase in the company’s earning assets to $4.1 billion. read more

AerCap Q2 Earnings Up 217% on ILFC Consolidation

AerCap Holdings said its adjusted Q2/14 net income was $212.4 million, up 217% from $67.1 million a year earlier. Lease revenue of $763.3 million was up from $229.8 million or 232% compared to Q2/13. read more

AeroCentury Reports Q2 Loss on Impairment Charge

AeroCentury reported a net loss of $3.9 million for Q2/14 compared to net income of $1.3 million for Q2/13. The company noted that it took an impairment charge of $6.8 million for five of its Fokker 100 aircraft. read more

Electro Rent Fiscal Q4, FY Earnings Down Year/Year

Electro Rent reported fiscal Q4/14 and full fiscal year net income of $4.6 million and $20.4 million, respectively was down from $6.4 million and $22.8 million for the same fiscal 2013 periods. read more

Ritchie Bros. Reports 30% Increase in Q2 Earnings

Ritchie Bros. Auctioneers announced Q2/14 net earnings of $38.6 million were up 30% from $29.8 million for the same quarter a year earlier. Ritchie noted Q2 revenues increased 11% to $141.8 million. read more

Air Lease Q2 Earnings Up 44% Year/Year

Air Lease reported Q2/14 revenue and net income of $256.3 million and $62.0 million, respectively up 23% from $207.9 million and 44% from $66.3 million from the same year-ago quarter. read more

Willis Lease Finance Q2 Pretax Income Up 88%

Willis Lease Finance reported Q2/14 pretax income of $3.55 million was up 88% from $1.89 million for the same quarter in 2013. The company noted that 2013 earnings were positively impacted by a one-time $8.6 million tax benefit. read more

CNH Financial Q2 Originations of $2.7B ‘Flat’ Y/Y

CNH Industrial reported its Financial Services segment Q2/14 retail loan originations were $2.7 billion, and characterized the year/year comparison as “flat”. read more

Marlin Q2 Earnings Up 10% Y/Y, Volume Up 20%

Marlin Business Services reported Q2/14 net income of $4.9 million, up 10% from $4.5 million a year earlier. Origination volume of $88.9 million was up 20% compared to Q1/14, but off 3% compared to Q2/13. read more

EverBank Q2 Equipment Financing Volume Up 113% Y/Y

EverBank Financial reported Q2/14 commercial originations were up 30% year/year driven by 113% growth in equipment financing receivables. read more

Class 8 Sales Improving; ‘Some’ Expansion Driving Demand

PACCAR reported Q2/14 earnings of $319.2 million was up 9% compared to Q2/13. The truck-maker noted, “Truck demand is being driven primarily by the ongoing replacement of the aging truck population, economic growth and some expansion of fleet capacity.” read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com