Dafinchi AI

Arch Capital Group Ltd.

ACGL

Financial Services

2w

Financial Performance Summary

Arch Capital reported after-tax operating income of $979 million for Q2 2025, with operating earnings per share of $2.58 and an annualized operating return on average common equity of 18.2%.
Book value per share grew by 7.3% in the quarter and 11.4% year-to-date, reflecting strong execution and long-term value creation.
Mortgage segment delivered $238 million of underwriting income despite low mortgage originations, supported by a strong global in-force portfolio and high persistency.
Net investment income rose 7% from the first quarter to $405 million, with overall yields remaining elevated.
Net premium written surpassed $2 billion in the Property and Casualty Insurance group, up 30.7% year-over-year, driven largely by the acquisition of U.S. middle market and entertainment businesses.
Reinsurance segment generated $451 million in underwriting income with over $2 billion in net premium written, showing 8.7% growth in gross written premium year-over-year.
The combined ex-cat accident year combined ratio was 80.9%, down 10 basis points from last quarter, including $139 million of favorable prior year development.

EastGroup Properties, Inc.

EGP

Financial Services

3w

Financial Performance Summary

Cash same-store net operating income (NOI) rose 6.4% for the quarter despite lower occupancy.
Debt to total market capitalization was 14.2%, unadjusted debt-to-EBITDA ratio was 3.0x, and interest and fixed charge coverage increased to 16x.
FFO per share for Q2 met the high end of guidance range and increased from $2.05 in the prior year quarter.
Funds from operations (FFO) were $2.21 per share in Q2 2025, up 7.8% year-over-year excluding involuntary conversions.
Quarter-end leasing was 97.1% with occupancy at 96%, and average quarterly occupancy was 95.9%, down 110 basis points from Q2 2024.
Quarterly re-leasing spreads were 44% GAAP and 30% cash; year-to-date spreads were similar at 46% GAAP and 31% cash.
Tenant collections remain healthy with uncollectible rents estimated at 35 to 45 basis points of revenues, slightly better than historic run rate.
Top 10 tenants accounted for 6.9% of rents, down 90 basis points from last year, reflecting increased tenant and geographic diversification.

First Financial Bancorp.

FFBC

Financial Services

3w

Financial Performance Summary

Adjusted earnings per share were $0.74, with a return on assets of 1.54% and return on tangible common equity of 20%.
Adjusted noninterest expenses increased 1% from Q1, with expense management efforts keeping year-over-year increases under 2% excluding leasing expenses.
Adjusted noninterest income increased 11% over the linked quarter to $67.8 million, driven by mortgage, bankcard, leasing, and foreign exchange income.
Asset quality remained stable with net charge-offs declining 15 basis points to 21 basis points of total loans and classified assets flat at 1.15% of total assets.
First Financial Bancorp achieved record revenue of $226.3 million in Q2 2025, a 5% increase year-over-year.
Loan growth was 2% annualized, with broad-based growth except for commercial real estate which declined due to higher payoffs.
Net interest margin was strong at 4.05%, up 17 basis points from Q1, driven by a 5 basis point increase in asset yields and a 12 basis point decline in funding costs.
Tangible common equity increased 16% year-over-year to 8.4%, and tangible book value per share rose 4% sequentially to $15.40.
The Board approved a 4.2% increase in the common dividend to $0.25 per share, maintaining a payout ratio of approximately 35% of net income.

Enterprise Financial Services Corp

EFSC

Financial Services

2w

Financial Performance Summary

Adjusted return on assets was 1.31% and pre-provision ROAA was 1.72%.
Deposits grew by $73 million net of broker deposits, with core deposits up nearly $800 million year-over-year.
Loan growth was 4% annualized or $110 million, with contributions from nearly all business areas and geographic markets.
Net interest income increased by $5.2 million quarter-over-quarter, with net interest margin expanding 6 basis points to 4.21%.
Noninterest expense increased by $5.9 million due to merit increases, deposit costs, acquisition costs, and loan workout expenses.
Noninterest income increased by $2.1 million from the prior quarter, driven by bank-owned life insurance and community development income.
Nonperforming assets decreased slightly; net charge-offs were negligible aided by a $3 million recovery on a previously charged-off loan.
Tangible book value per common share increased to $40.02, an annualized quarterly increase of 15%.
Tangible common equity to tangible assets ratio was 9.42%, with a return on tangible common equity of 13.96%.
The company earned $1.36 per diluted share in Q2 2025, up from $1.31 in the prior quarter and $1.19 year-over-year.

Ladder Capital Corp

LADR

Financial Services

3w

Financial Performance Summary

Adjusted leverage was modest at 1.6x as of quarter end, with total gross leverage at 1.9x, below the target range of 2x to 3x.
Declared and paid a $0.23 per share dividend; repurchased $6.6 million of common stock in Q2 with $93.4 million remaining in the repurchase program.
Ladder generated distributable earnings of $30.9 million or $0.23 per share in Q2 2025, achieving a return on equity of 7.7%.
Loan portfolio totaled $1.6 billion with a weighted average yield of approximately 9%, and 5 loans on nonaccrual totaling $162.3 million (3.6% of total assets).
Real estate portfolio of $936 million generated $15.1 million in net operating income, primarily from net lease properties with long-term leases to investment-grade tenants.
Securities portfolio was $2 billion, up 82% from year-end, with a weighted average yield of 5.9%, 99% investment-grade and 97% AAA rated.

Peoples Bancorp Inc.

PEBO

Financial Services

3w

Financial Performance Summary

Accretion income declined to $2.6 million, contributing 12 basis points to net interest margin, down from 17 basis points in the prior quarter.
Allowance for credit losses grew $9.4 million to 1.13% of total loans, aligning closer to peer median of 1.17%.
Annualized loan growth was 11% compared to the linked quarter.
Annualized net charge-off rate improved to 43 basis points from 52 basis points, with small ticket leasing charge-offs declining but remaining elevated at 11.51%.
Book value per share grew 1%, and tangible book value per share increased 2% from the prior quarter.
Capital ratios declined slightly due to loan growth outpacing earnings net of dividends, but tangible equity to tangible assets ratio remained stable at 8.3%.
Classified loans declined slightly to 1.89% of total loans.
Deposit balances declined 1% due to seasonal factors, with retail CDs growing $39 million.
Deposit balances declined 1% or $98 million, with seasonal fluctuations in governmental deposits and growth in retail CDs.
Diluted earnings per share were $0.59 for Q2 2025.
Efficiency ratio improved to 59.3% from 60.7% in the prior quarter.
Fee-based income was relatively stable, with a 1% decline from the linked quarter due to annual performance-based insurance commissions recognized in Q1.
Investment portfolio grew by $140 million with higher yielding bonds at 5.3%, slightly above target range.
Investment portfolio grew by $140 million, with higher yielding bonds improving overall yield.
Loan growth was balanced across categories, including commercial and industrial, residential real estate, construction, commercial real estate, premium finance, and consumer indirect loans.
Loan portfolio delinquency improved with 99.1% current compared to 98.5% last quarter.
Loan to deposit ratio increased to 86% from 83% due to loan growth and seasonal deposit declines.
Net charge-offs were $7 million, down from $8.1 million in the prior quarter, with small ticket leasing charge-offs decreasing but still elevated.
Net interest income increased by over $2 million, with net interest margin expanding 3 basis points to 4.15%.
Noninterest expense declined 1% from the linked quarter to $70.4 million, within guided range.
Noninterest expense declined 1% from the prior quarter to $70.4 million, within guided range.
Nonperforming assets increased slightly to 49 basis points of total assets, driven by premium finance portfolio administrative delinquencies.
Pre-provision net revenue exceeded consensus estimates.
Provision for credit losses increased by $6.5 million to $16.6 million, driven by net charge-offs, increased reserves, CECL model refresh, and economic forecast deterioration.
Provision for credit losses totaled $16.6 million, up $6.5 million from the prior quarter, driven by net charge-offs and increased reserves.
Tangible equity to tangible assets ratio remained stable at 8.3%.

MFA Financial, Inc.

MFA

Financial Services

1w

Financial Performance Summary

Distributable earnings (DE) were $0.24 per share, negatively impacted by $0.10 per share in credit losses on fair value loans, higher than Q1 by $0.06 per share.
Economic book value declined modestly by 1% to $13.69 per share, while GAAP book value was $13.12 per share, also down about 1%.
Excluding credit losses, DE would have been $0.35 per share, nearly covering the common dividend of $0.36 per share.
G&A expenses declined to $29.9 million from $33.5 million in Q1, including $1.2 million in severance and transition costs related to expense reduction initiatives.
MFA Financial reported GAAP earnings of $33.2 million or $0.22 per share in Q2 2025, driven by growth in net interest income to $61.3 million and modest net mark-to-market gains.
MFA paid a common dividend of $0.36 per share for the quarter and delivered a total economic return of 1.5% for Q2 and 3.4% year-to-date.

Washington Trust Bancorp, Inc.

WASH

Financial Services

3w

Financial Performance Summary

Credit quality remained solid with nonaccruing loans at 51 basis points and past due loans at 27 basis points; provision for credit losses was $600,000 and net charge-offs were $647,000.
In-market deposits increased 1% quarter-over-quarter and 9% year-over-year, while brokered deposits declined $25 million and FHLB borrowings rose $151 million.
Net income for Q2 2025 was $13.2 million or $0.68 per share, up from $12.2 million and $0.63 per share in Q1 2025.
Net interest income increased 2% quarter-over-quarter to $37.2 million with a margin of 2.36%, up 7 basis points.
Noninterest income was $17.1 million, excluding a $7 million sale leaseback gain in Q1, adjusted noninterest income rose 9%.
Total loans grew by $44 million (1%), with commercial loans up 2% and residential loans down 1%.
Wealth management revenue increased 2% to $10.1 million, mortgage banking revenue rose 32% to $3 million.

Community Healthcare Trust Incorporated

CHCT

Financial Services

2w

Financial Performance Summary

AFFO was $13.6 million or $0.50 per diluted share, also reduced by $0.06 of one-time items.
FFO on a diluted share basis was $0.23, reduced by $0.28 of one-time items related to the geriatric tenant and severance charges.
General and administrative expenses were $10.6 million, but excluding $5.9 million in severance and transition-related charges, G&A was $4.7 million, a $400,000 reduction quarter-over-quarter.
Interest expense increased by $240,000 to $6.6 million due to increased borrowings and an extra day of interest.
Property operating expenses decreased by approximately $500,000 quarter-over-quarter to $5.6 million, primarily due to lower seasonal expenses such as snow removal and utilities.
The geriatric behavioral hospital tenant remains unable to pay full rent and interest; notes and interest related to this tenant are fully reserved, and rent is recognized on a cash basis.
Total revenue for Q2 2025 was $29.1 million, but excluding a $1.7 million reversal of interest receivable from the geriatric behavioral hospital tenant, core revenue was approximately $30.7 million, representing 2.2% growth quarter-over-quarter compared to Q1 2025.

Orion Properties Inc.

ONL

Financial Services

1w

Financial Performance Summary

Adjusted EBITDA decreased to $18 million from $20.5 million year-over-year.
Capital expenditures and leasing costs rose significantly to $15.6 million from $6.3 million due to accelerated leasing activity.
Core FFO for Q2 2025 was $11.5 million or $0.20 per share, compared to $14.2 million or $0.25 per share in the prior year quarter.
G&A expenses were $4.8 million, slightly higher than $4.5 million in Q2 2024, with expected savings from restructuring to begin in later quarters.
Net debt to annualized adjusted EBITDA was 6.93x at quarter end, with net debt to gross real estate assets at 32%.
Orion Properties reported total revenues of $37.3 million in Q2 2025, down from $40.1 million in Q2 2024.