cit 2003%20q2

- CIT reported increased net income of $136.9 million or $0.65 per share for Q2 2003, up from $127 million or $0.60 per share in Q1 2003. Return on tangible equity increased to 11.6%. - Key metrics improved including credit quality, net finance margin, cost of funds, and repayment of outstanding bank lines. Origination volume excluding factoring was up 12% from last quarter. - 60+ day delinquency and non-performing assets declined from last quarter across most business units. Total charge-offs were $108.4 million compared to $114.3 million in Q1 2003. - Each business segment reported increased or stable