Ellen R. Alemany Related Content

CIT to Acquire Mutual of Omaha Bank

CIT Group and Mutual of Omaha signed a definitive agreement for CIT Bank to acquire Mutual’s savings bank subsidiary, Mutual of Omaha Bank, for a purchase price of $1 billion. read more

CIT Sees $9MM Increase in Non-Interest Income in Q2/2019

CIT Group reported its financial results for the second quarter of 2019. Q2 net income available to common shareholders was $128 million or $1.33 per diluted common share. read more

CIT Reports $119MM in Net Income for Q1/2019

CIT’s first quarter net income available to common shareholders and income from continuing operations available to common shareholders were each $119 million or $1.18 per diluted common share. read more

Hubbard Joins CIT as General Counsel

CIT Group named James R. Hubbard its general counsel and corporate secretary, effective March 18, 2019. Hubbard will join CIT's Executive Management Committee and report to Chairwoman and CEO Ellen R. Alemany. read more

$82MM in Net Income for CIT in Q4/2018, $428MM for Full Year

CIT Group reported fourth quarter net income of $82 million or $0.78 per diluted common share, compared to a net loss available to common shareholders of $98 million or $0.74 per diluted common share for the year-ago quarter. read more

CIT Reveals New Brand Identity; Direct Capital Brand to be Retired

CIT Group revealed a simplified and refreshed brand identity aimed at presenting a more cohesive market presence following a multi-year transformation of the company. Direct Capital will become CIT. read more

CIT Q3 EPS Beats Estimates; Commercial Finance, Business Capital Higher

CIT Group reported Q3/18 net income, excluding items, of $131 million or $1.15 EPS compared to $139 million or $1.02 EPS a year earlier. Analysts had expected EPS of $1.14. The bank noted Commercial Finance and Business Capital loans were up 7.2% and 9.8% Y/Y respectively. read more

CIT Q2 Earnings Higher, Notes ‘Strong Growth’ in Equipment Finance

CIT Group reported income from continuing operations for Q2/18 was $138 million, up from $41 million a year earlier. CIT noted "strong growth in funded volume in each of the equipment finance businesses." read more

CIT Names Chief Risk Officer; Promotes Chief Credit Officer

CIT named Wahida Plummer as its chief risk officer responsible for all enterprise risk. The company also promoted its Chief Credit Officer Marisa Harney to an expanded role leading all credit risk. read more

CIT Reports Q1 Drop in Earnings, Notes 40% Y/Y Growth in Volume

CIT Group reported Q1/18 earnings of $97 million were down from $180 million in Q1/17. CIT noted that new lending and leasing volume increased 40% year over year. read more

CIT Swings to FY Profit, Q4 Volume Increases to $2.9B

CIT reported net income for the full year was $458 million compared to a loss of $848 million a year earlier. Q4/17 new lending and leasing volume increased to $2.9 billion from $2.0 billion in the prior quarter. read more

CIT Reports YTD Operating Lease Equipment Net Balance of $7.6MM

CIT Group reported Q3/17 net income of $220 million compared to $131 million for the same quarter a year ago. Income from continuing operations for the third quarter was $223 million. read more

CIT Names Former Pacific Life, Flying Tiger Exec to Board

CIT Group said Khanh T. Tran was appointed to the CIT board of directors. He will also serve on the board of CIT Bank. Tran’s background includes senior executive positions with Pacific Life, Aviation Capital and Flying Tiger Line. read more

CIT Completes Sale of Commercial Aircraft Leasing Business

CIT Group completed the sale of its commercial aircraft leasing business to Avolon Holdings for a purchase price of $10.4 billion. read more

CIT Completes Sale of Stake In TC-CIT Aviation to Tokyo Century

CIT Group completed the sale of its 30% ownership stake in the commercial aircraft leasing joint ventures TC-CIT Aviation Ireland and TC-CIT Aviation U.S to its joint venture partner Tokyo Century. read more

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Terry Mulreany
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