Key Equipment Finance average loans and leases of $5.1 billion in Q4 was up from $4.7 billion a year earlier. The equipment finance unit’s return on average allocated equity in Q4 was 25.1%, up from 23.2% in 2011. read more

JAN 24, 2013 - 7:35 am

Textron said its global finance unit Q4 and full-year 2012 profit of $2 million and $64 million, respectively, compared to losses of $232 million and $333 million for the same 2011 periods. Textron also noted that Citation delivered 53 new business jets, down from 67 in Q4/11. read more

JAN 24, 2013 - 7:20 am

Regions Financial reported fourth-quarter earnings of $261 million compared to a net loss of $602 million for the same quarter in 2011. The bank said provision charges of $37 million were down from $295 million in 2011. read more

JAN 22, 2013 - 7:25 am

SunTrust reported Q4 net income $350 million compared to net income of $71 million in the same quarter one-year ago. The bank said the increase was primarily due to a $310 million improvement in noninterest income. read more

JAN 18, 2013 - 7:20 am

Citigroup reported net income for the Q4/12 was $1.2 billion or $0.38 per share as results were negatively impacted by a credit valuation adjustment and a $1.0 billion repositioning charge. Analysts polled by Thomson Financial had expected EPS of $0.96. read more

JAN 17, 2013 - 2:15 pm

PNC Financial reported Q4 profit of $719 million was up from $493 million or 46% higher compared to the same quarter in 2011. The bank said Q4 earnings included gains on sales of Visa shares. read more

JAN 17, 2013 - 2:10 pm

Fifth Third reported full year 2012 net income of $1.5 billion, or $1.66 per share, up 41% compared to $1.18 per share in 2011 on net income of $1.1 billion. read more

JAN 17, 2013 - 2:05 pm

Bank of America reported net income of $0.7 billion for the fourth quarter of 2012, compared to $2.0 billion in the same year-ago period. The bank noted that it took more than $5 billion in mortgage related charges. read more

JAN 17, 2013 - 7:20 am

U.S. Bancorp reported full year 2012 record net income of $5.6 billion was up from $4.9 billion or 15.9% higher versus 2011. The bank noted that its 2012 provision charge of $1.9 billion was down $461 million from the previous year. read more

JAN 16, 2013 - 7:35 am

Wells Fargo reported fourth quarter and full year 2012 net income was a record $5.1 billion and $18.9 billion, respectively up 24% and 19% compared to the same year-ago periods. The bank said it its credit losses for the year of $9 billion were $2.3 billion less than the previous year. read more

JAN 14, 2013 - 7:05 am

Ascentium Capital said its sales volume for Q4/12 increased 323% versus volume in Q4/11. read more

JAN 10, 2013 - 7:30 am

Deere reported record earnings for fiscal 2012 of $3.065 billion on improved sales and revenues. The company said farm equipment paced performance while construction continues recovery. read more

NOV 26, 2012 - 7:35 am

Aircraft lessor AeroCentury reported net income for the Q3 and YTD was $1.1 million and $3.4 million, respectively, compared to net losses of $0.2 million and $2.7 million for the same year-ago periods. read more

NOV 13, 2012 - 7:05 am

FLY Leasing reported a third-quarter 2012 net loss of $29.4 million compared to net income of $3.4 million for the same period of 2011. FLY said the loss was attributable to a refinancing related expense. read more

NOV 12, 2012 - 7:10 am

Chesswood Group said the third quarter 2012 was “another excellent one,” driven by “strong profitability” at Pawnee Leasing. The company noted that Q3/12 and YTD net income was up approximately 45% and 49%, respectively. read more

NOV 9, 2012 - 7:00 am