Acquisitions by Associates First Capital Corp. were a major factor in the big jump in third-quarter earnings that the company announced this week.

Riding revenues from companies acquired in a $10 billion buying spree over the last six quarters, the Dallas lender earned $386.8 million in the quarter. Though average adjusted return on equity slipped to 18.44%, from 20.94% in the second quarter, return on managed assets, which had slipped to 156 basis points in the first quarter, has rebounded to more than 170 basis points, said chief financial officer Roy Guthrie.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.