Monroe Capital Corp BDC Q1 Earnings Up Sequentially

Monroe Capital Corporation’s Q1/17 net investment income of $6 million was up 12% from $5.4 million in the previous quarter.

OnDeck Reports Q1 Net Loss Despite 48% Increase in Revenue

OnDeck reported a Q1/17 net loss of $11.1 million despite a gross revenue increase of $30.3 million, which was partially offset by loan loss charges of $46.2 million, up from $25.4 million in Q1/16.

CIT Q1 Earnings from Continuing Operations Up 28%

CIT reported Q1/17 net income from continuing operations was $78 million, up 28% from $61.0 million a year earlier. Provision for credit losses in Q1/17 was down 44.5% from $89.5 million a year earlier.

Signature Reports Record Q1 Earnings; Notes Taxi Medallion Loans

Signature Bank reported Q1/17 earnings were a record $133.9 million up 28.7% from $104.0 in Q1/16. The bank noted a significant increase in non-accrual loans attributed primarily to taxi medallion loans.

Bank of America Beats Estimates, Q1 Y/Y Earnings Increase 40%

Bank of America’s reported net income was up 40% to $4.9 billion before preferred stock dividends. EPS of $0.41 exceeds analysis estimates of $0.35%.

Wells Fargo Q1 Global C&I Portfolio Reflects Growth, Higher Returns

Wells Fargo reported Q1/17 global C&I average loan balances were up 7.44% from a year earlier as both domestic and non-U.S. portfolios showed growth. Interest income was also up as higher yields boosted performance.

JPMorgan Q1 Earnings Increase on Higher Revenue, Lower Provisioning

JPMorgan Chase reported Q1/17 net income of $6.45 billion, up 17% from $5.52 billion a year earlier. The bank noted revenue was up $1.5 billion and provision charges were down 28% helped by oil & gas releases.

PNC Financial Beats the Street on Higher Revenues, Earnings

PNC Financial reported Q1/17 revenue and net income was up 6.0% and 13.9%, respectively. Earnings per share of $1.96 exceeded analysis’ polled by Thomson Reuters of $1.83.

FDIC: Bank FY Earnings Rise Despite 29% Increase in Loan Losses

The FDIC reported full-year 2016 earnings rose to $171.3 billion, up 4.9% compared to 2015. The regulator noted that loan loss provisions totaled $47.8 billion in 2016, an increase of 28.8% from 2015.

Sears Earnings Hurt by Lower Same Store Revenues, Closings

Sears reported a Q3/16 net loss of $748 million, 65% higher compared to last year’s loss of $454 million. Revenues declined to $5.0 billion from $5.8 billion on lower same-store sales and store closings.