Recent Earnings

Bank of America Reports Higher Y/Y Q1 Earnings

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

U.S. Bancorp Reports Q1 Earnings 6.7% Higher

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

Wells Fargo Lease Financing Shows Highest Commercial Yield

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

JPMorgan Reports Record Q1 Earnings, EPS

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

Chesswood: 2012 Results Reflect Pawnee Leasing Gains

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

De Lage Landen's Portfolio Grows to $40.6B in 2012

De Lage Landen said its managed portfolio grew 5% to $40.6 billion and net income reached $1.9 billion in 2012. read more

Sandy, ILFC Weigh on AIG’s Q4 Performance

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

Element Financial Reports Record 2012 Originations

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

LEAF Fiscal Q1 Volume Up 55%, Assets Increase 69%

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

Portfolio Growth Boosts PACCAR Financial Profit

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

Marlin FY Earnings Up 89%; Y/Y Originations Up 41%

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

TCF Reports Q4 Loan/Lease Originations Up 105%

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

CapitalSource Swings to FY Profit Helped by Tax Benefit

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

Caterpillar Reports Record FY Sales, Revenues & Profit

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

GATX Reports FY Rail North America Profit 21% Higher

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

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