PNC reported full year 2017 net income of $5.4 billion was up from $4.0 billion a year earlier. The bank noted 65%, or $911 million, of the increase resulted from the impact of new federal tax legislation.
Monroe Capital posted investment income of $6.9 million in Q3/17, up from $6.1 million for the previous quarter. Debt and equity investments of $431.1 million at quarter end were down from $445.5 million sequentially.
New York-based Signature Bank reported Q3/17 net income was $124.5 million versus $76.1 million in the same 2016 quarter, which included $61.7 million of provision expense for the Chicago taxi medallion portfolio.
OnDeck reported lower Q2/17 net losses compared to the same quarter in 2016. Loan volume of $464.4 million was down from $589.7 million a year earlier. YTD provision charges of $78.9 million were up 37% from $57.7 million a year earlier.
Signature Bank reported Q2/17 net income was $14.0 million compared to $102.2 million in Q2/16. The bank noted the decline resulted from an increase of $154.3 million in loan losses nearly all attributable to the NYC taxi medallion portfolio.
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.