MB Financial Reports Leasing Segment Q3 Revenues Up 26%



MB Financial reported that Q3/14 leasing segment revenues, which includes leasing subsidiaries LaSalle Systems Leasing, Celtic Leasing and Cole Taylor Equipment Finance, increased 19.3% from $14.9 million in Q2/14 and 25.9% from $14.1 million in Q3/13, to $17.7 million in Q3/14. The company said the increase was primarily due to higher fees and promotional revenue from the sale of third-party equipment maintenance contracts.

MB noted its commercial loans collateralized by lease payment assignments of $1.63 billion at the end of Q3/14 was up from $1.47 billion as the end of the same period in 2013. Lease net investments of $137.1 million in Q3/14 were up 22% from $112.5 million a year earlier.


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Terry Mulreany
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