They also said the dividend, relative to earnings, remains at prudent levels when compared to its peers in the industry.
The dividend is payable Oct. 15 to shareholders of record on Sept. 28, officials said.
Division of Arvest ranks in top 100
Arvest Equipment Finance is among the top 100 companies in the equipment leasing and finance industry, a publication that monitors the business has reported.
MonitorDaily, Arvest officials said, published its 2018 Monitor 100, ranking the nation's largest equipment finance and leasing companies.
The firm climbed one spot to No. 84, compared to MonitorDaily's 2017 list, and company officials said the firm has been ranked on the list four consecutive years.
Arvest Equipment Finance ended 2017 with $248.6 million in loans and leases, up 5.9 percent from 2016's $234.7 million, the MonitorDaily report stated.
“We continue to experience record growth in our overall production,” Eric Bunnell, president of Arvest Equipment Finance, stated in a release. “Our team does a great job of working with the lenders in the bank markets to find equipment finance opportunities, as well as developing new vendor relationships.”
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