U.S. Central Second Quarter Results Reflect Industry's Strong Loan Demand
LENEXA, Kan. - U.S. Central's second quarter results show the corporates' corporate is doing one of the main roles it is designed to do - help meet the industry's liquidity demands. Reflective of the industry's liquidity situation, lending was up. Average loans per day during the second quarter were $775 million, compared to $450 million last year. According to U.S. Central it saw several days of loan volume above $2 billion. Other second quarter highlights include the following: *Net income totaled $22.7 million, compared to $9.3 million from the second quarter last year. *Assets of $34.3 billion compared to $38.2 billion.