Bank of America reported net income of $2.5 billion in the second quarter of 2012, or $0.19 per share compared to a net loss of $8.8 billion in the same year-ago period. Analysts had expected earnings per share of $0.14. read more

JUL 18, 2012 - 7:30 am

PNC Financial reported net income of $546 million for the second quarter of 2012 compared to $912 million in the same year-ago period. The bank noted commercial lending increased $3.5 billion during the period as a result of strong loan growth in corporate banking and asset-based lending. read more

JUL 18, 2012 - 7:25 am

Citigroup reported revenues and net income in the second quarter were $18.6 billion and $2.9 billion, respectively off from $20.6 billion and $3.3 billion for the same period in 2011. read more

JUL 17, 2012 - 7:15 am

JPMorgan Chase said its Q2 net income of $5.0 billion, which included trading losses of $4.4 billion, was down 9% from $5.4 billion a year earlier. read more

JUL 13, 2012 - 7:35 am

ePlus reported a fourth fiscal quarter pre-tax loss for its financing business segment of $0.92 million as a result of a provision charge of $2.9 million relating to one specific customer that recently filed for bankruptcy. read more

JUN 14, 2012 - 7:25 am

In its latest quarterly report on bank earnings, the FDIC said insured institutions reported an aggregate profit of $35.3 billion in Q1/12. The regulator noted, however, that loan balances declined after three consecutive quarterly increases. read more

MAY 29, 2012 - 7:35 am

HP said its HP Financial Services unit second fiscal quarter revenue of $968 million was up 9.4% year-over-year driven by a 4% increase in net portfolio assets and a 5% increase in volume. read more

MAY 24, 2012 - 7:25 am

Element Financial reported new business volume of $156.6 million during the first quarter and noted a new vendor finance program with Bombardier Business Aircraft in its newly launched Element Capital large-ticket leasing unit. read more

MAY 15, 2012 - 8:27 am

AeroCentury said its net income of $1.3 million in the first quarter 2012 compared to a net loss of $2.4 million in the same year-ago period. The company noted that revenues of $6.8 million were up from $4.9 million last year. read more

MAY 9, 2012 - 8:10 am

NewStar Financial reported first quarter 2012 net income of $6.1 million was up from $0.9 million for the same quarter last year. The company noted that total new funded origination volume was $241 million, up from $160 million or 51% higher than the same year-ago quarter. read more

MAY 2, 2012 - 7:30 am

Marlin Business Services reported first quarter 2012 net income of $1.6 million, up 119% year-over-year. The company said first quarter lease production was $72.4 million, up from $47.0 million or 54% higher compared to the same period last year. read more

MAY 1, 2012 - 7:35 am

CapitalSource reported first-quarter net income of $25 million, up from net income of $3 million in first quarter one-year ago. The company noted loans and leases at CapitalSource Bank were $5.1 billion at quarter end compared to $4.0 billion at the end of the same quarter in 2011. read more

MAY 1, 2012 - 7:25 am

Cat Financial reported first-quarter 2012 profit after tax was $120 million, a 45% increase from the same quarter in 2011. Cat said first-quarter new retail financing was $3.1 billion, an increase of 11% compared to the first quarter 2011. read more

APR 25, 2012 - 7:30 am

CIT reported a Q1/12 net loss of $447 million on debt refinancing charges of $620 million. Funded new business volume of $2.0 billion was 51% higher from the prior-year quarter. read more

APR 24, 2012 - 7:35 am

SunTrust Banks reported Q1/12 net income of $245 million was up from $38 million for the same quarter one year ago. The bank noted that credit quality continued to improve with provision charges down 29% compared to the first quarter 2011. read more

APR 23, 2012 - 8:05 am