Hertz Equipment Rental reported that worldwide equipment rental revenues were $351 million in Q1/13, a 16.2% increase from the prior year period. Hertz said the primary driver were stronger volumes and increase in pricing. read more

MAY 1, 2013 - 6:10 am

Chesswood Group said its income before taxes and unrealized gains was up by more than 20% in Q1/13. Chesswood said its Pawnee Leasing saw another record quarter for new business originations. read more

MAY 1, 2013 - 6:00 am

Volvo reported that its finance business Q1/13 new financing volume was $1.38 billion, down from $1.57 billion in Q1/12. Volvo said operating income of $57.7 million was up from $50.6 million driven mainly by stronger margins. read more

APR 26, 2013 - 6:35 am

Regions Financial reported Q1/13 net income of $335 million was up more than 68% compared to $199 million in Q1/12. The bank noted declines in non-interest expense and provision charges of $71 million and $107 million, respectively as contributing factors. read more

APR 24, 2013 - 6:30 am

CIT Group reported Q1/13 net income of $163 million, $0.81 per share compared to a net loss of $427 million in Q1/12. Analysts polled by Thomson Reuters expected EPS of $0.89. read more

APR 23, 2013 - 7:35 am

Caterpillar reported Q1/13 revenues and profit of $13.21 billion and $880 million, respectively down 17% and 45% from $15.98 billion and $1.59 billion in Q1/12. The company said it is re-forecasting revenue of $57 billion to $61 billion, down from $60 billion to $68 billion. read more

APR 23, 2013 - 7:20 am

Signature Bank announced net income in Q1/13 reached a record $50.6 million, up 19% from $42.4 million in Q1/12. The bank said the increase was fueled by growth in average interest-earning assets. read more

APR 23, 2013 - 7:15 am

Cat Financial reported Q1/13 revenues and profit were up 2% and 18%, respectively compared to the quarter in 2012. New retail financing in Q1/13 was $2.90 billion, off 5% from the same quarter in 2012. read more

APR 22, 2013 - 7:35 am

TCF Financial said Q1/13 leasing and equipment finance revenue was down 28% and 37%, respectively from Q1/12 and Q4/12 and noted the decreases were primarily due to lower operating lease and sales–type lease revenue growth in the portfolio as a result of “customer driven events.” read more

APR 22, 2013 - 7:30 am

SunTrust reported Q1/13 earnings of $340 million was up from $245 million in Q1/12. The bank noted that net charge-offs were at their lowest level in five years and provision charges were down over 33% from $317 million in Q1/12. read more

APR 22, 2013 - 7:05 am

In a news release on Q1/13 results, Snap-on said its financial services segment operating earnings of $30.0 million increased $6.6 million from 2012 levels. The company showed net finance receivables were $831.9 million at the end of the quarter. read more

APR 19, 2013 - 6:10 am

In its news release on first quarter results, Fifth Third said net charge–offs and total delinquencies at Q1/13 were at their lowest levels since Q2/07 and Q1/01, respectively. read more

APR 19, 2013 - 6:00 am

Textron reported Q1/13 earnings were down from the same quarter in 2012 and said “demand in business jet market was softer than expected.” Cessna delivered 32 new jets in the quarter, down from 38 units in Q1/12. read more

APR 18, 2013 - 6:25 am

In its news release on Q1 earnings, Huntington Bancshares noted that average C&I loans were up 14% from the same quarter in 2012. The bank said the growth was reflected across most business lines, with particularly strong growth in equipment finance. read more

APR 18, 2013 - 6:15 am

PNC Financial reported Q1/13 net income of $1 billion or $1.76 per share. Analysts had expected EPS of $1.57. PNC said earnings were driven by higher revenues and a substantial reduction in expenses. read more

APR 18, 2013 - 6:05 am