July 25, 2014 12:07 AM ET

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Company Overview of John Deere Financial Services, Inc.

Company Overview

John Deere Financial Services, Inc. provides financial services to agricultural and construction customers in the United States. The company offers retail, wholesale, and lease financing solutions. It also provides revolving credit and crop insurance services. The company was formerly known as John Deere Credit Company and changed its name to John Deere Financial Services, Inc. in October 2010. The company was founded in 1989 and is based in Moline, Illinois. John Deere Financial Services, Inc. operates as a subsidiary of Deere & Company.

One John Deere Place

Moline, IL 61265

United States

Founded in 1989

Phone:

309-765-8000

Key Executives for John Deere Financial Services, Inc.

Vice President of Information Technology
Compensation as of Fiscal Year 2014.

John Deere Financial Services, Inc. Key Developments

John Deere Financial Services, Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended July 31, 2012; Provides Earnings Guidance for the Year 2012

John Deere Financial Services, Inc. reported unaudited earnings results for the third quarter and nine months ended July 31, 2012. For the quarter, the company reported total net sales of $565 million against $550 million a year ago. Operating profit was $170 million against $194 million a year ago. Net income attributable to company was $110.4 million against $125.6 million a year ago. For the nine months, the company reported total net sales of $1,602 million against $1,548 million a year ago. Operating profit was $520 million against $529 million a year ago. Net income attributable to company was $338.6 million against $348.9 million a year ago. Results were lower for both periods primarily due to increased selling, administrative and general expenses, narrower financing spreads and higher reserves for crop insurance claims. These factors were partially offset by growth in the credit portfolio and a lower provision for credit losses. For the year 2012, the company expects net income attributable to company for the financial services operations is expected to be approximately $450 million, somewhat lower than the prior year. The forecast decline is primarily due to an anticipated increase in selling, administrative and general expenses, narrower financing spreads and higher reserves for crop insurance claims, partially offset by growth in the credit portfolio.

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