Medallion Financial said that its continued use of Medallion Bank as a primary funding source for originations resulted in a net interest margin of 7.0% in the fourth quarter, up from 4.72% one year ago. read more

MAR 9, 2012 - 8:25 am

Ritchie Bros. Auctioneers announced auction revenues for 2011 grew 11% to $396.1 million compared to $357.4 million for the same period in 2010. Its net earnings for the year ended December 31, 2011 of $76.6 million and adjusted net earnings of $73.6 million, representing a 13% increase in adjusted Y/Y net earnings. read more

FEB 28, 2012 - 8:15 am

Marlin Business Services reported 2011 lease equipment volume was $229.0 million, up from $134.0 million or 71% higher compared to 2010. The company's 2011 net income of $6.2 million was up from $5.7 million the previous year. read more

FEB 24, 2012 - 8:35 am

AIG reported net income of $19.8 billion in the fourth quarter 2011 compared to $11.2 billion the prior year. The company noted the increase reflected a deferred tax asset valuation allowance release of $17.7 billion in the quarter. read more

FEB 24, 2012 - 8:15 am

In its news release on fourth quarter and full-year 2011 results, CapitalSource said its equipment finance portfolio at year-end 2011 was $441.8 million, up 88.4% from $234.5 million at the end of the previous year. read more

FEB 17, 2012 - 9:14 am

Rush Enterprises, which operates the largest network of commercial vehicle dealerships in NA, notes in a news release that Class 8 retail sales increased 91% over 2010 on the strength of strong demand from the energy sector and replacement purchases by large fleets. read more

FEB 16, 2012 - 8:15 am

NewStar Financial reported net income for 2011 was $14.2 million, up from $10.2 million or 38% compared to 2010. Total funded origination volume in 2011 was $858 million or 50% higher compared to $572 million the previous year. read more

FEB 15, 2012 - 8:35 am

PHH reported that its fleet lease income of $350 million in the fourth quarter was up from $340 million in the same 2010 quarter and was due to a $12 million increase in lease syndication revenue partially offset by a decrease in lease revenue attributable to fewer units under lease. read more

FEB 7, 2012 - 8:35 am

MicroFinancial reported full year net income was $9.0 million, up 69.8% compared to 2010. The company noted 2011 revenues were $3.7 million higher and loan loss charges were $4.9 million lower. FY originations were flat at $78.2 million. read more

FEB 6, 2012 - 8:25 am

Snap-on reported higher revenues and operating earnings in the fourth quarter and full year 2011 for its financial services unit and noted results primarily reflected continued growth of its on-book finance portfolio. read more

FEB 2, 2012 - 8:30 am

CIT reported Q4 and FY net income was $34 million and $28 million, respectively compared to $83 million and $526 million for the same periods in 2010. The company said funded new business volume of $2.9 billion increased 55% sequentially and 92% from the prior-year quarter. read more

JAN 31, 2012 - 8:35 am

PACCAR reported that its PACCAR Financial unit Q4 and FY 2011 pre-tax income was $67.4 million and $236.4 million, respectively up from $49.9 million and $153.5 million in the same year-ago periods. The company said profit increased due to better finance margins and improved portfolio performance. read more

JAN 31, 2012 - 8:15 am

Arvest Equipment Finance said it has continued double-digit growth in 2011, with net assets up $46 million, or 62%, from the previous year for a record $121 million in loans and leases. read more

JAN 27, 2012 - 8:00 am

United Rentals reported for the full year 2011, on a GAAP basis, income from continuing operations was $101 million compared with a loss of $22 million in 2010. Rental revenue was $2.2 billion, up from $1.8 billion in the prior year. read more

JAN 27, 2012 - 7:50 am

Cat Financial reported its 2011 pre-tax profit of $504 million was up 53.2% compared to the previous year. New retail financing of $11.3 billion was up from $9.5 billion in 2010 or 20% higher. read more

JAN 26, 2012 - 8:35 am