Recent Earnings

American AgCredit Reports 2013 Loan Volume of $6 Billion

American AgCredit announced 2013 net income of $111 million was up from $107 million a year earlier primarily as a result of loan growth and lower provision charges. The company said loan volume for the year was $6 billion, up 3.9% a year earlier. read more

De Lage Landen Reports Portfolio Growth, Higher Earnings

De Lage Landen reported 2.2% growth in its managed portfolio to reach $43.4 billion and net income of $2.05 billion in 2013, an increase of 6.2% compared to 2012. read more

AeroCentury Reports Q4 Loss, Full-Year Earnings Off

Independent aircraft leasing company AeroCentury reported a net loss of $1.4 million in Q4/13 compared to net income of $1.8 million for the same quarter in 2012. Full-year earnings of $3.2 million were down from $5.2 million the previous year. read more

Ritchie Bros. Reports Record Q4 Revenues, Earnings

Ritchie Bros. Auctioneers reported record Q4/13 net earnings of $33.7 million were up 53% compared to the same quarter in 2012. The company noted Q4/13 revenues grew by 12% to a record $131.2 million. read more

Air Lease Reports Double-Digit 2013 Revenue, Income Growth

Air Lease reported its financial results for the fourth quarter and fiscal year-end and noted at year end ALC owned 193 aircraft that is being leased to a customer base of 79 airlines in 47 countries. read more

Element Financial Reports Record Q4 Originations

Element Financial reported that all five business verticals delivered record Q4/13 origination volume totaling $1.0 billion contributing to a 30% sequential increase in the company’s net finance receivables of $3.0 billion at year-end. read more

Trinity Reports Record Earnings; Notes Element Program

Trinity Industries reported record fourth quarter and full year earnings on record revenues and noted a $2 billion program agreement with Element Financial. read more

Deere Financial Q1 Earnings Up on Portfolio Growth

Deere & Company reported financial services Q1 net income of $142.2 million was up 7% from $132.9 a year earlier primarily as a result of growth in the credit portfolio. In its outlook, Deere said farm equipment sales in the U.S. and Canada would be down 5% to 10%. read more

NewStar: 2013 New Funded Volume, Loan Growth Up 26%

NewStar Financial reported that 2013 year-end loans outstanding and new funded volume of $2.37 billion and $1.30 billion, respectively were both up 26% compared to the previous year. read more

Rush Reports Record Medium-, Light-Duty & Used Truck Sales

Rush Enterprises reported record medium-duty, light-duty and used truck sales in 2013. The largest commercial vehicle dealer in North America said 2013 Class 8 retail sales of 187,610 units were down from 198,715 units in 2012. read more

PHH Seeking to Sell Fleet Leasing Business

PHH announced it has retained J.P. Morgan Securities, Centerview Partners and Kirkland & Ellis to assist in exploring ways to maximize shareholder value through the separation or sale of the company’s Fleet business, Mortgage business, or both. read more

Fleet Financing Reports Record Year End, Originations Up 12%

Fleet Financing Resources reported a record year with total originated volume at $51 million, up 12% compared to 2012. read more

PACCAR Financial Reports Record Q4/FY Pretax Income

PACCAR reported that its PACCAR Financial Services unit Q4/13 and full year pretax income was a record $90.4 million and $340.2 million, respectively, compared to $78.7 million and $307.8 million earned in the same 2012 periods. read more

MicroFinancial Y/Y Volume Off on Lower Average Deal Size

MicroFinancial reported that new contract originations of $90.6 million in 2013 were down from $91.7 million a year earlier as an increase in the number of new contracts originated was more than offset by lower average size transactions. read more

Boeing Capital Portfolio Shrinkage to Continue

Boeing reported that Boeing Capital’s YE net portfolio balance was down from $4.1 billion a year earlier and said it would continue to decline as new financing is expected to be lower than normal portfolio runoff. read more

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