Willis Lease Finance, a lessor of commercial jet engines, reported reported a 66% year-over-year increase in first quarter net income and an 89% increase in net earnings applicable to common shareholders. read more

MAY 10, 2011 - 9:21 am

Marlin Business Services reported first quarter lease production was $47.0 million, up from $23.6 million or 99% compared to the first quarter 2010. The company also noted portfolio delinquencies and charge-offs were at a four-year low. read more

MAY 6, 2011 - 9:34 am

ILFC reported first quarter operating income of $117 million, compared to an operating loss of $56 million in the first quarter 2010. The company said asset impairment and lease related charges were $113 million versus $431 million last year. read more

MAY 6, 2011 - 9:28 am

CapitalSource reported new loans funded in the first quarter of $627 million represented the highest quarterly production since the formation of CapitalSource Bank in July 2008. read more

MAY 2, 2011 - 9:51 am

Hertz Global reported worldwide equipment rental revenues were $268.2 million in the first quarter, a 13.2% increase from the prior year period. Hertz said it was the first time since Q4 2006 it had achieved a double-digit revenue growth. read more

APR 29, 2011 - 9:30 am

Volvo Financial Services' new financing volume in the first quarter was $1.54 billion, up from $1.12 billion or 38% before FX adjustments. Volvo said it financed 10,664 new units, up 72% compared to the same year-ago quarter. read more

APR 28, 2011 - 9:29 am

CIT reported net income for the first quarter of $66 million, down from $145 million or 54.4% compared to the same year-ago period on reduced fresh start accounting benefits. read more

APR 27, 2011 - 9:37 am

CNH said the increases resulted from favorable trading conditions for agricultural equipment in North America, Europe, Africa, Middle East and CIS (EAME & CIS) and Asia Pacific (APAC) markets. These results were driven by increased prices in global agricultural commodities,... read more

APR 26, 2011 - 9:54 am

TCF Financial said that equipment lease and loan originations in the first quarter 2011 increased $43.4 million or 16.2%. TCF said approved backlog of $429.6 million was 18.8% higher compared to same quarter 2010. read more

APR 25, 2011 - 10:44 am

1st Source reported net income of $10.6 million in the first quarter, up from $9.7 million last year. The bank said first-quarter provision charges of $2.2 million compared to $4.4 million for the same quarter 2010. read more

APR 25, 2011 - 10:36 am

GE reported that its GE Capital finance unit first quarter profit was $1.8 billion, up from $583 million or more than three times higher compared to the same year-ago quarter. GE's Commercial Lending and Leasing unit profit of $554 million was 139% higher. read more

APR 21, 2011 - 10:34 am

MicroFinancial said net income increased to $2.0 million from $0.6 million in the same quarter 2010. The company's provision for credit losses decreased $2.2 million due primarily to lower delinquency and charge off levels. read more

APR 21, 2011 - 10:28 am

Wells Fargo reported record net income of $3.8 billion in the first quarter, up from $2.5 billion for the same period last year. The bank noted loan loss provision charges of $2.2 billion, down from $5.3 billion in 2010. read more

APR 20, 2011 - 5:21 pm

Huntington Bancshares reported 2011 first-quarter net income of $126.4 million, up from $39.7 million in the year-ago quarter. The bank said non-accrual and criticized loans saw significant improvement and provision for credit losses declined. read more

APR 20, 2011 - 5:04 pm

Regions Financial reported first quarter earnings of $17 million compared to a net loss in the same quarter last year of $255 million. The bank noted that net charge-offs and inflows of non-performing loans continued to decline. read more

APR 19, 2011 - 11:18 am