OnDeck Reports $8.7MM Net Income in Q3/2019

Online lender OnDeck released its third quarter 2019 results. It reported net income of $8.7 million, adjusted net income of $7.8 million and gross revenue of $112.6 million.

Kabbage Customers Access Over $715M in Record Q3

Kabbage reports small businesses in the U.S. accessed more than $715 million of capital in the third quarter through Kabbage.

Reuters: U.S. Banks Expected to Report Q3 Earnings Decline

Reuters reported the biggest U.S. banks are expected to kick off the earnings season on a sour note next week due to falling interest rates.

Golub Capital BDC Reports $41.8MM Investment Income for Q2/2019

Golub Capital BDC reported the financial results for its second fiscal quarter ended March 31, 2019, which included total investment income of $41.8 million, as compared to $39.4 million for the quarter ending December 31, 2018.

LendingTree Reports Consolidated Revenue of $262.4MM in Q1/2019

LendingTree reported its results for the quarter ended March 31, 2019, including a record consolidated revenue of $262.4 million, up 45% over Q1/2018.

Well Fargo Q1/19 C&I Interest Income Up 23 Percent

Wells Fargo reported Q1/19 earnings of $5.9 billion was up from $5.1 billion a year earlier. C&I interest income was also up 23 percent compared to a year earlier while lease financing interest income and yields were down from Q1/18.

Antares Closes 300 Transactions, Commits $25B in Financing in 2018

Antares Capital closed more than 300 transactions in 2018 and issued nearly $25 billion in financing commitments, including $1.5 billion in new unitranche program commitments and $15 billion in syndicated credit facilities.

MainStreet Bancshares Exceeds $1 Billion in Assets

MainStreet Bancshares reported total assets of $1.06 billion as of September 30, 2018, up 50% compared to $705.5 million at the end of the same period in 2017.

Regions Beats Estimate Despite Tax Act Charge

Regions Financial announced Q4 and full year 2017 earnings of $318 million and $1.193 million, respectively, were up from $278 million and $1.094 million in 2016, despite a tax reform charge of $29 million.

SunTrust Earnings Benefit from Tax Reform

SunTrust’s reported Q4/17 net income of $710 million was up from $448 million for the same quarter in 2016. The bank’s noted results included a $172 million after-tax net benefit from tax reform-related items.