Western equipment finance benefited from steady spreads in Q2

Western Equipment Finance benefited from steady spreads in Q2, maintaining net interest margins at 3.1%. Futures traders anticipate volatility around the next Fed rate decision, with potential impacts on leasing demand in heavy machinery segments. , Wood Mackenzie and the American Clean Power Association said in their “Part of the farming side of it was that we rented out, leased out equipment,” he remembers. “I went to work for a local lender that did our operating line at the time.” Western Equipment Finance’s liquidity ratio improved to 1.45, signaling stronger balance sheet management amid rising borrowing costs. Market watchers estimate Q3 2024 leasing volumes could climb 5% sequentially, driven by Midwest farming equipment orders.