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    Lessors Media / News / Publishing

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Global Media

SINCE 1998 THE LESSORS NETWORK, an Equipment Finance Media Network, has aggregated and published news, announcements and events from the most respected funding sources, service providers and trade associations representing the largest equipment finance community on the Web.

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Community Banks Win Reprieve on New FASB Loan-Loss Reserve Rule - At its meeting yesterday, the board delayed implementation of the standard for one year, to 2020, and gave companies that don’t have to file reports with the Securities and Exchange Commission, including many community banks, an additional year to comply.

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Lease vs. Buy Equipment Issue Changes with Section 179 - Last year, in a Robert Half Management Resources survey, 41 percent of chief financial officers (CFOs) said that staying current with changing technology is the greatest pressure facing their accounting and finance teams.

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Marlin Business Services Corp. Reports First Quarter 2016 Earnings and Declares a Cash Dividend of $0.14 Per Share - Marlin Business Services Corp. (NASDAQ:MRLN) today reported first quarter 2016 net income of $3.7 million, or $0.29 per diluted share, compared to $4.1 million, or $0.31 per diluted share, for first quarter 2015.

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TAB Bank Provides Funding to Two Companies in the Western United States - TAB Bank provides custom working capital solutions to commercial businesses across a wide range of industries.

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Umpqua Holdings Corporation Promotes Cort O’Haver to President of Umpqua Bank - Since joining Umpqua in 2010, O’Haver has overseen all aspects of commercial banking. In that time, he has successfully diversified Umpqua’s commercial business and functions, adding international banking, equipment leasing...

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CIT Reports First Quarter 2016 Net Income of $147 Million ($0.73 Per Diluted Share); Income from Continuing Operations of $152 Million ($0.75 Per Diluted Share) - Grew Commercial Portfolio – Financing and leasing assets in Commercial Banking were up 2% from the prior quarter

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Sri Lanka's People's Leasing group net up 2.1-pct - Loans grew 11.6 percent to 98.4 billion rupees in the year to March.

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Healthcare Execs Will Invest More in EHR Systems, Health IT - As a majority of healthcare executives reported that they expect their organization’s revenue and patient volume to grow, so will their investments in EHR systems and other healthcare technologies, reported CIT in its Healthcare Industry Outlook study.

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Mosaic raises $200 Million from DZ BANK and NY Green Bank to Fund Demand for Rapidly Growing Residential Solar in the US - The leading residential solar lender's large-scale, syndicated warehouse facility will provide loans to more than 5,000 American homeowners for rooftop solar systems

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AGCO Reports First Quarter Results - AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, reported net sales of approximately $1.6 billion for the first quarter of 2016, a decrease of approximately 8.4% compared to net sales of approximately $1.7 billion for the first quarter of 2015.

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EverBank Financial Corp Announces First Quarter 2016 Financial Results - Portfolio loans held for investment (HFI) of $22.8 billion, an increase of 23% year over year.

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Bombardier says Chorus Aviation's unit to buy five aircraft - Based on the list price of the CRJ900 aircraft, the order is valued at about $229 million and could increase to $467 million...

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Barron's: Durable Goods Weak as Capital Spending Continues to ‘Flat-Line’ - Durable goods orders for March, expected to rise 2%, only grew 0.8%, according to Tuesday’s release, indicating that companies still aren’t spending.

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Fidelity Capital Announces New Product, Hires - Fidelity can provide up to $250,000 application only, and sometimes that figure has been as high as $2 million.

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JX Leasing, a Division of JX Enterprises, First in Midwest to Be Named Peterbilt Franchise of the Year - The award was presented at the Truck Renting and Leasing Association (TRALA) Annual Convention during the Paccar Leasing Annual Franchise Meeting.

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Global Jet Capital Announces Appointment of Greg Babcock as Vice President of Sales for Central US - Babcock joins the company with a remarkable track record in business aviation, having sold a total of $1.6BN worth of aircraft with some of the largest companies in the sector including Embraer Executive Jets, Cessna Aircraft, GE Capital, US Bank and Key Equipment Finance.

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Healthcare Executives Have a Positive Outlook for 2016 - CIT Releases Exclusive 2016 Middle Market Healthcare Outlook

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CIT Appoints John C. Erickson President of Consumer Banking and President, California - Banking Veteran to Lead Growth Initiatives in California

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Xerox Reports First-Quarter 2016 Earnings and Provides Update on Strategic Transformation and Separation - The company reported it remains on track to complete its planned separation into two independent, publicly-traded companies by the end of the year and said it has made important progress on its three-year, $2.4 billion strategic transformation program.

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Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index - March New Business Volume Up 33 Percent Month-to-month, Down 11 Percent Year-over-year, Down 9 Percent Year-to-date

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Two Transportation Companies in Utah Choose TAB Bank for Working Capital Credit Facilities - While FDIC-insured TAB Bank provides working capital and other financial solutions to a variety of industries such as manufacturing, staffing, and technology, the bank's first industry was trucking.

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Wells Fargo Beats Estimates With Lending Boost From GE Capital Deal - Troubled loans have broadly been declining at big banks for years, and at JPMorgan and Bank of America, are less than 1 percent of total assets.

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Aldermore Asset Finance Goes Live with NetSol’s LeaseSoft V8 - NetSol Technologies, Inc. (Nasdaq:NTWK) is a worldwide provider of IT and enterprise software solutions primarily serving the global leasing and financing industry.

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First Quarter Earnings Steady at 1st Source Corporation, Cash Dividend Declared - 1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported net income of $13.82 million for the first quarter of 2016, an increase of 2.27% compared to $13.51 million reported in the first quarter a year ago.

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TCF Reports Quarterly Net Income of $48.0 Million, or 26 Cents Per Share - Revenue of $324.3 million, up 6.6 percent from the first quarter of 2015

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Willis Lease Expands Revolving Credit Facility Up To $1 Billion - New banks joining the revolver include CIT Bank, N.A. and Apple Bank for Savings.

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Broker Roundup For Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) - Sumitomo Mitsui Financial Group, Inc. is a holding company for Sumitomo Mitsui Banking Corporation (the Bank) and its subsidiaries.

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People's United Financial Reports First Quarter Net Income of $62.9 Million, or $0.21 Per Share, and Announces Dividend Increase - People's United Financial, Inc. (NASDAQ: PBCT) today reported net income of $62.9 million, or $0.21 per share, for the first quarter of 2016, compared to $59.2 million, or $0.20 per share, for the first quarter of 2015, and $70.8 million, or $0.23 per share, for the fourth quarter of 2015.

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Business jets market projected to become multi-billion sector - China will likely see a demand of 2,300 business jets over the next five years, sending the market scale to $103.5 billion...

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KeyCorp Q1 EPS Misses Views By One Cent, Revenue Meets (NYSE:KEY) - On a reported bases, net income fell to $183 million or $0.22 per diluted share from $227 million or $0.27 a year ago.

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Equipment Leasing and Finance Industry Confidence Improves Again in April - The overall MCI-EFI is 59.1, an increase from the March index of 51.6.

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Ascentium Capital Surpasses $2 Billion in Funded Volume - Ascentium Capital, as a direct lender, specializes in providing equipment financing, leasing, and working capital solutions for equipment manufacturers and distributors as well as direct to businesses nationwide.

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Did You Know?

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Employment Alerts Are Free !
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Pricewaterhouse Coopers

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PricewaterhouseCoopers
Contact: Rick Reekie
214.999.2580
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ELFA Annual Convention

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55th Annual Convention
Palm Desert, CA
October 23-25, 2016
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ELFA
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Funding Alerts Are Free !
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Marks & Associates

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Marks & Weinberg
Contact: Barry Marks
205.251.8303
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Summit Funding Group

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Summit Funding
Contact: Richard Ross
513.489.1222
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Leasing World

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LeasingWorld | Media
Contact: Jan Szmigin
+44(0)1905 621444
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