Recent Earnings

Marlin Reports 50% Q2/13 Earnings Growth

Marlin Business Services reported Q2/13 net income of $4.5 million, up 50% from $3.0 million a year earlier. Marlin noted Q2/13 lease production of $91.4 million was 14% higher compared to the same quarter in 2012. read more

1st Source Announces 'Solid' Q2/13

1st Source reported Q2/13 and YTD net income was up 10.9% and 8.5% respectively compared to the same 2012 periods. The bank also noted year/year growth in its construction, aircraft and truck financing portfolios. read more

MicroFinancial Q2 Revenues Higher, Earnings Lower, NBV 'Flat'

MicroFinancial reported Q2/13 net income of $2.5 million was down from $2.6 million in Q2/12. The company said revenue of $15.7 million was up from $14.7 million last year, but new lease originations remained flat at $23.9 million. read more

VFS Q2 Income Up on Stronger Margins, Higher Earning Assets

Volvo Financial reported Q2/13 operating income of $64 million was up from $59 million a year earlier driven mainly by stronger margins and higher earnings assets. Volume and units financed were lower. read more

CAT: Q2 Profit Down 43%; 2013 'Turning Out to be a Tough Year'

Caterpillar reported Q2/13 sales and revenues were down 16% from Q2/12. The machinery maker said Q2 profit was down 43% compared to last year and noted “2013 is turning out to be tough year.” read more

Cat Financial Reports Higher Q2 Profit, Lower Retail Financing

Cat Financial reported Q2/13 profit was 7% higher compared to Q2/12 due to higher earning assets and yield improvement. New retail financing in Q2 of $3.39 billion was down 7% from $3.84 billion a year earlier. read more

CapitalSource: Equipment Finance Portfolio Up 44% Y/Y

CapitalSource reported bank segment asset-based loan balances at Q2/13 end were $1.76 billion, up 23% from $1.43 billion one-year ago. Equipment finance contributed the largest share or 62% of the total increase on $206 million or 44% of Y/Y loan growth. read more

PACCAR Financial Reports Record Pre-tax Income

PACCAR Financial reported record quarterly and YTD pretax income of $81.5 million and $161.6 million, respectively, compared to $77.4 million and $148.7 million for the same periods in 2012. The company said profit increased due to growth in portfolio balances. read more

TCF Q2 Earnings Higher; Yields Lower on Equipment Finance

TCF Financial reported Q2/13 net income of $34.1 million was up from net income of $31.5 million a year earlier. TCF noted that interest earned and yields on equipment finance average balances in Q2/13 versus Q2/12 were lower. read more

Regions Q2 Earnings Lower; Notes 'Pick-Up' in Lending

Regions Financial reported Q2/13 net income of $259 million, down from $284 million a year earlier. The bank noted new C&I loan production increased 36% sequentially on a “pick-up” in lending to small businesses. read more

CIT Swings to Q2 Profit; Vendor Finance Volume Up 11%

CIT reported Q2/13 net income was $184 million compared to a net loss of $73 million for Q2/12. The company noted that its Vendor Finance unit Q2 volume of $843 million was up 11% from the year-ago quarter and 30% from the prior quarter. read more

Signature Bank Reports Record Q2 Results

Signature Bank announced Q2/13 net income reached a record $53.6 million versus $45.3 million in Q2/12. The bank said the record net income was primarily due to an increase in net interest income fueled by strong deposit and loan growth. read more

SunTrust Q2 Results Show Asset Quality Improvement

SunTrust Banks reported Q2/13 net income was $365 million, up 35% or $95 million higher than Q2/12. The bank noted its provision charge of $146 million, was $154 million lower compared to the same quarter in 2012. read more

Capital One Q2/13 Earnings Soar on Lower Provision Charges

Capital One announced Q2/13 net income of $1.1 billion, up from $92 million a year earlier. The bank said its Q2 provision charge of $762 million was down almost 55% from the $1,677 million reported for the same period one-year ago. read more

City National Exceeds Expectations; Loans/Leases Record High

City National reported Q2/13 net income was 9% higher compared to the same period in 2012 with EPS of $1.04, which exceeded analysts’ expectations of $0.96. The bank also noted that loans and leases reached a record $15.8 billion. read more

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Terry Mulreany
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