Pitney Bowes Finance Receivables Slip Below $2B



Pitney Bowes reported Q3/14 and YTD financing revenue of $107.8 million and $325.5 million, respectively, was down 2.9% and 3.6% from $111.0 million and $337.7 million for the same periods in 2013.

The company said its net finance receivables of $1.85 billion at the end of Q3/14, were down 10.5% from $2.07 billion at year-end 2013. The company also noted that its net investment in leverage leases of $32.5 million was down from $34.4 million at 12/31/13.


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