From “RTT News”:

Cat Financial reported a fourth-quarter profit of $166 million, a 41% increase from last year. Profit Before income taxes was $181 million, up 20% from a year ago. The increase was attributed to a $21 million favorable impact from a lower provision for credit losses, a $14 million favorable impact from higher average earning assets, and a $12 million increase in net yield on average earning assets.

Cat Financial also reported fourth-quarter revenues of $841 million, a 16% increase from last year. The increase in revenues was mainly due to an $89 million favorable impact from higher average financing rates and a $31 million favorable impact from higher average earning assets.

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Read more: Cat Financial Q4 Profit Rises; Revenues Up 16%