Recent Earnings

SunTrust Beats Estimates on Loan Growth, Credit Quality

SunTrust Banks reported Q4/13 net income of $413 million compared to $350 million in the same quarter one-year ago. The bank noted “broad-based loan growth, increased revenue and further credit quality improvement led to the core earnings expansion.” read more

Capital One Misses Q4 Estimates on Lower Interest Income

Capital One Financial announced Q4/13 net income of $859 million or $1.45 per diluted share, which missed analysts polled by Thomson Reuters who had expected EPS of $1.55. The bank reported Q4 net interest income was down from Q4/12. read more

MB Financial: Celtic Leasing Buy Boosts FY Earnings

MB Financial reported that its 2013 net lease financing income of $61.2 million was up from $36.4 million or 68% higher compared to 2012. The bank noted that the increase was driven by the acquisition of Celtic Leasing in December 2012. read more

Huntington Notes Equipment Finance Growth in Report

Huntington Bancshares notes in its recently released Q4/FY earnings report that the 2013 $1.8 billion increase in C&I loans and leases reflected “continued growth within the healthcare vertical, equipment finance and dealer floor-plan.” read more

Willis Lease Reports New High for Engine Leasing Activity

Willis Lease Finance reported it closed 2013 with one of the strongest months of new leasing activity in the company's history, which included the purchase and/or lease of six engines totaling more than $75 million for the Willis Lease and WMES portfolios. read more

PNC: FY Net Income of $4.2 Billion a New Record

PNC Financial reported record full-year 2013 net income of $4.2 billion was 40 % higher compared with net income of $3.0 billion in 2012. read more

Bank of America Q4, FY Earnings Surge as Losses Tumble

Bank of America reported Q4/13 and FY earnings of $3.4 billion and $11.4 billion, respectively, up from $732 million and $4.2 billion a year earlier as loan loss charges dropped significantly year-over-year. read more

Wells Fargo Reports Record FY, Q4 Earnings

Wells Fargo reported record full year and fourth quarter earnings despite lower revenues as credit quality improvement caused a 54% drop in fourth quarter credit losses and a $600 million reserve release. read more

JPMorgan Chase Reports Lower Q4, FY Earnings

JPMorgan Chase reported Q4/13 net income of $5.3 billion compared to net income of $5.7 billion in Q4/12. Net income for the full year was $17.9 billion versus $21.3 billion for the prior year. read more

Deere Reports Record Earnings; John Deere Capital Up 22%

Deere & Company reported record full year earnings of $3.54 billion, up from $3.07 billion in 2012. Net income attributable to John Deer Capital was $468.5 million, up 22.4% from $382.7 million a year earlier. read more

Element Financial Reports Growth in Q3 Operating Income

Element Financial said that its Q3 after-tax adjusted operating income increased 30% over Q2 and that Q3 U.S. commercial finance originations increased 47% over Q2 to account for 23% of new business. read more

Willis Lease Finance Reports Q3 Loss on Asset Write-Downs

Willis Lease Finance reported a net loss of $2.2 million in Q3/13 compared to a net loss of $8.0 million a year earlier. The company noted that $4.3 million in asset write-downs hurt performance. read more

Air Lease Reports Double-Digit Q3 Revenue, Earnings Growth

Air Lease reported Q3/13 revenue and earnings of $215.9 million and $48.6 million, respectively, were up 23.4% and 31.3% compared to the same period in 2012. read more

ePlus Q2/14 Financing Segment Earnings Drop

ePlus reported Q2/14 financing segment earnings of $1.0 million, were down 50% from $2.0 million a year earlier. The company noted a decrease in revenue resulting primarily from lower remarketing income partially offset by net gains on financial asset sales. read more

Marlin Reports 60% YTD Earnings Growth

Marlin Business Services reported Q3/13 and YTD earnings of $4.7 million and $12.8 million, respectively up 37% and 60% from $3.4 million and $8.1 million a year earlier. Q3/13 volume of $86.1 million was up from $81.6 million in Q3/12. read more

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Terry Mulreany
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