Bank of America reported net income of $2.6 billion for the first quarter of 2013, up from $653 million in the same quarter one-year ago. Revenue, net of interest expense, rose 5% to $23.7 billion. read more
APR 17, 2013 - 6:35 am
U.S. Bancorp reported net income of $1,428 million for the first quarter of 2013, up from $1,338 million or 6.7% from the same quarter one-year ago. The bank said earnings were driven by lower noninterest expense and a lower provision for credit losses. read more
APR 17, 2013 - 6:10 am
In a presentation on its commercial loan portfolio, Wells Fargo showed that its lease financing component average balance in the first quarter 2013 was $12.4 billion with a corresponding yield of 6.78%, which was, by far, the highest return of all the bank’s commercial loan elements shown in the report. read more
APR 15, 2013 - 7:30 am
JPMorgan Chase reported record net income of $6.5 billion for the first quarter of 2013, compared with net income of $4.9 billion for the same period a year earlier. EPS were also a record $1.59, exceeding analysts’ estimates of $1.38. read more
APR 12, 2013 - 7:30 am
Chesswood said its pretax income increased by 27% to C$16.6 million in 2012. These earnings reflect new milestones in portfolio size for the company’s largest business, Pawnee Leasing. read more
MAR 19, 2013 - 7:10 am
De Lage Landen said its managed portfolio grew 5% to $40.6 billion and net income reached $1.9 billion in 2012. read more
MAR 18, 2013 - 7:30 am
AIG reported a net loss of $4.0 billion for the Q4/12 compared to net income of $21.5 billion a year earlier. The company noted that Q4 results included a storm Sandy losses and losses attributable to the sale of ILFC of $1.3 billion and $4.4 billion, respectively. read more
FEB 25, 2013 - 7:00 am
Element Financial reported that record 2012 origination levels of $689.3 million contributed to revenue of $57.9 million and operating income of $14.9 million. The company noted that total assets increased to $1.5 billion. read more
FEB 21, 2013 - 6:15 am
Resource America reported that LEAF Commercial Capital’s origination volume increased 55% in fiscal Q1 compared to the same year-ago quarter. LEAF’s commercial finance assets at YE 2012 were up 69% compared to last year. read more
FEB 7, 2013 - 7:15 am
PACCAR Financial said fourth quarter and full year 2012 revenues and profits were up from the same periods in 2011 due to “growth in portfolio balances.” read more
FEB 1, 2013 - 7:25 am
Marlin Business Services reported full year 2012 net income was $11.7 million up 89.4% from $6.2 million in 2011. Origination volume in 2012 of $322.2 million was up 41% year-over-year. read more
JAN 31, 2013 - 7:30 am
In its news release on Q4/12 earnings, TCF Financial said total loan and lease originations were $2.8 billion in this most recent quarter, an increase of $1.4 billion or 105.1% compared to Q4/11. read more
JAN 31, 2013 - 7:10 am
CapitalSource reported 2012 FY net income was $491 million compared to a net loss of $52 million the previous year. Results included a tax benefit of $370 million and provision charges that were $54 lower. Funded Bank segment Q4 volume of $843 million was up 27% compared to Q4/11. read more
JAN 30, 2013 - 7:35 am
Caterpillar announced record 2012 sales and revenue of $65.9 billion, up from $60.1 billion in 2011. The machinery maker said profit was $5.7 billion, up 15% from $4.9 billion in 2011. read more
JAN 28, 2013 - 7:25 am
GATX said its Rail North America segment profit of $209.3 million in 2012 was up 21.2% from $172.7 million in 2011. The company said the increase was driven by higher lease rates, increased remarketing income and lower maintenance costs. read more
JAN 25, 2013 - 7:15 am