Element Fleet Management Corp. reported earnings results for the three month period ending of March 31, 2017. For the period, the company’s after-tax adjusted operating income was $100 million, relatively flat compared to fourth quarter of 2016 and a decrease of 10% compared to first quarter of 2016. After-tax adjusted operating income per share was $0.24, consistent with fourth quarter of 2016 and a decrease of 7.7% compared to first quarter of 2016. Service and other revenue of $143.3 million grew on a sequential quarter basis by 2.2%, and represented approx. 61% of net revenue. Net interest and rental revenue declined sequentially to $90.9 million, however, net interest margin yield improved to 2.7% by 4 basis points from the prior quarter. After-tax adjusted return on tangible equity was approx. 22%.