NewStar Financial reported that Q1/14 new funded loan volume was $275 million, up 90% from $145 million in the first quarter of 2013. The company said the increase was driven by increasing middle market M&A activity. read more

MAY 8, 2014 - 7:24 am

Willis Lease Finance reported Q1/14 net income was $4.3 million, compared to $1.6 million in the first quarter of 2013. The company noted total revenue of $43.0 million was up from $35.3 million a year earlier. read more

MAY 6, 2014 - 7:23 am

Marlin Business Services reported Q1/14 net income of $4.6 million was up 27% compared to the same quarter in 2013. Marlin noted Q1 volume of $74.0 million was off from last year as the severe winter impacted new business activity. read more

MAY 1, 2014 - 7:23 am

PACCAR Financial Services’ Q1/14 pretax income was $85.5 million compared to $80.1 million in Q1/13. The company said the first quarter profit increase was due to growth in its portfolio. read more

APR 30, 2014 - 7:31 am

CIT reported Q1/14 net income of $109 million compared to net income of $163 million for Q1/13. CIT said Q1 results were impacted by lower levels of interest income, operating lease expenses and an increase in provision charges. read more

APR 29, 2014 - 7:28 am

Cat Financial reported Q1/14 revenues of $713 million, an increase of 5% over 2013. But overall Q1/14 profit after tax was $136 million, a 4% decrease from Q1/13. New retail financing also decreased by 4%. read more

APR 24, 2014 - 12:16 pm

GATX reported in Q1/14, its rail investment volume was nearly $400 million. Its net income of $42.1 million was a $15 million increase over the same period in 2013. read more

APR 24, 2014 - 12:15 pm

Caterpillar announced Q1/14 sales and revenue of $13.24 billion, down 1.19% from $13.4 billion in Q3/13. Resource Industries for the company were down 29%. read more

APR 24, 2014 - 11:16 am

TCF Financial reported Q1/14 net income of $39.9 million compared with net income of $25.5 million for Q1/13. TCF said leasing and equipment finance revenue was $22.3 million, up 35.4% from the same quarter in 2013. read more

APR 23, 2014 - 7:45 am

Fleet Financing reported strong growth in first quarter volume, with funded volume up 43% in the period ending March 31, 2014, compared to the same period the previous year. Net income was also up 43%. read more

APR 22, 2014 - 7:23 am

SunTrust Banks said Q1/14 net income of $393 million was up 16% from $340 million a year earlier. The bank noted a substantial year/year drop in provision charges of $110 million. read more

APR 22, 2014 - 7:17 am

KeyCorp reported Q1/14 average lease financing assets of $4.44 billion at an average yield of 3.78% compared to $4.84 billion at an average yield of 3.92% for the same quarter in 2013. read more

APR 18, 2014 - 7:41 am

PNC Financial reported Q1/14 net income of $1.06 billion was up from $995 million in Q1/13. Revenue of $3.78 billion was $178 million lower than last year, but was partially offset by loan loss charges that were $142 million lower. read more

APR 16, 2014 - 2:14 pm

Bank of America reported a Q1/14 net loss of $276 million compared to net income of $1.5 billion in the same year-ago period. The bank said results included $6.0 billion in litigation expense related to the settlement with FHFA. read more

APR 16, 2014 - 2:10 pm

Wells Fargo reported record Q1/14 net income of $5.89 billion, up 14% from Q1/13. Provision charges of $325 million were down from $1.22 billion a year-ago. Lease financing yield of 6.15% was down from 6.78% in Q1/13. read more

APR 14, 2014 - 7:20 am