John Deere Capital Corp Q2 net income dips 3% to $126M; revenue up 29% to $1.2B

DEERE JOHN CAPITAL CORP

Q2 FY2024 net income $126M vs $130M (-3% YoY); YTD net income $301M vs $268M (+12%).
Q2 revenue $1,199M (+29%); YTD revenue $2,360M (+34%); ending portfolio $59.2B (+15%).
Higher provision for credit losses and less-favorable spreads weighed on Q2 net income, partly offset by higher average portfolio balances.
YTD net income improved on higher average portfolio balances and lower dealer financing incentives.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DEERE JOHN CAPITAL CORP reported financial results for second quarter of fiscal year 2024.

Period: second quarter of fiscal year 2024
Result: reported results

Exact text from the filing

John Deere Capital Corporation’s (JDCC) revenue, net income, and ending portfolio balance for the second quarter and first six months of fiscal year 2024, are set forth below

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Source: SEC EDGAR

accession 0001558370-24-008342

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