- 95% of transactions in the quarter came from repeat borrowers, indicating strong customer retention.
- Affirm set new records in most key metrics during fiscal Q4 2025, an unusual achievement for a non-peak quarter.
- Funding capacity increased roughly 55% year-over-year with utilization significantly down, reflecting a favorable capital market environment.
- Growth is accelerating with strong momentum in U.S. and Canadian consumer originations and repayments.
- Monthly 0% APR loans grew north of 90% year-over-year, showing strong adoption of promotional financing.
- Revenue less transaction cost (RLTC) take rate is expected to remain stable in the 3% to 4% range, with guidance at the high end.
- The Affirm Card volume reached $1.2 billion with a 10% attach rate and a tripling of 0% volume on the card.
Explore Similar Insights
- Common equity tier 1 (CET1) capital ratio increased 10 basis points to 10.7%.
- EPS grew by $0.13 sequentially, a 14% increase over Q2, reaching $1.50 in Q3 2025.
- Fee income grew 5% sequentially and 18% year-over-year, with Capital Markets delivering its second highest quarterly performance ever.
- Loans increased 1% period-end, with core retail loans growing by about $1 billion driven by home equity and mortgage.
- Net charge-offs decreased to 46 basis points from 48 basis points in the prior quarter, reflecting favorable credit trends.
- Net interest income (NII) increased 3.5% sequentially, driven by a 5 basis point expansion in net interest margin (NIM) to 3.0%.
- Operating leverage was positive at 3%, with expense growth limited to 1%.
- Private Bank deposits grew $3.8 billion to $12.5 billion, surpassing the year-end target of $12 billion.
- Adjusted efficiency ratio improved by 90 basis points to 56.7%.
- Adjusted net income from continuing operations increased to $137.5 million or $0.73 per share.
- Adjusted noninterest expense increased $11.7 million, mainly due to First Chatham acquisition, business growth, and legal costs.
- Adjusted noninterest revenue increased $13 million or 15%, driven by mortgage originations, MSR valuation, wealth management, and other fees.
- Adjusted ROA was 1.14% for the quarter.
- Allowance for credit loss coverage remained flat at 1.34%.
- Core customer deposits increased at a 4.4% annualized rate, with growth mainly in noninterest-bearing deposits.
- Loan yields were 6.34%, up 1 basis point from the first quarter; new and renewed loans came in at just over 7%.
- Net charge-offs were $21 million or 24 basis points annualized, consistent with expectations.
- Net charge-offs were 24 basis points annualized for the quarter, down slightly from the first quarter.
- Net interest margin declined 6 basis points to 3.40%, but excluding securities impact, NIM increased 2 basis points.
- Net interest revenue increased $15 million or 4%, driven by loan growth and added securities.
- Organic loan growth was $1.1 billion for the quarter or 12.6% annualized.
- Pretax pre-provision net revenue increased to an all-time high of $206 million, up over 8% from the prior quarter.
- Regulatory capital levels remained strong with CET1 of 12.2%.
- Tangible book value increased to $22.94 per share.
- Total adjusted revenue was $476 million, an increase of $28 million or 6%.
- Total cost of deposits improved by 5 basis points to 2.30%; time deposit costs improved by 12 basis points.
- Adjusted EBITDA for the quarter was $220 million, a 1% increase year-over-year, including $5 million in net performance fee earnings.
- Alternative assets under management increased by 20% in the first half of 2025, with $55 billion added, reaching $331 billion in total alternative AUM.
- Fee-related earnings grew 4% year-over-year, driven by higher average AUM and organic growth in alternative strategies, partially offset by outflows in fundamental equity strategies.
- In Q2 2025, AMG reported a 15% year-over-year growth in economic earnings per share, reaching $5.39.
- Net client cash flows exceeded $8 billion in Q2, with record inflows into alternative strategies.
- Share repurchases totaled approximately $100 million in Q2 and $273 million year-to-date, contributing to earnings per share growth.
- Expanded full-year net interest margin to 7.34% and adjusted net interest margin to 5.92%, reflecting improved rate-related card expense management.
- Fourth quarter net income grew 16% with EPS up 26% to $1.69, supported by 13% growth in non-interest income.
- Liquidity remains strong with $2.3 billion available, higher than the prior year.
- Loans and leases grew to $4.7 billion, a 14% increase primarily from commercial finance verticals including renewable energy and asset-based lending.
- Net income for the year was $185.9 million, driven by a 10% increase in non-interest income compared to the previous year.
- Non-performing loans increased in the quarter but remain well collateralized; net charge-off rate for 2025 was 64 basis points, within historic range.
- Reported full-year earnings per diluted share of $7.87, representing 9% year-over-year growth and exceeding the high end of prior guidance.
- Return on average assets for the year was 2.46%, and return on average tangible equity was 38.75%, indicating strong profitability.
- LendingClub aims to grow its held-for-investment portfolio to approximately $500 million each quarter, balancing between growth and risk management.
- The company is actively managing its balance sheet to support both marketplace sales and internal retention, with over $11 billion in assets.
- Management emphasizes the importance of growing originations to meet both marketplace demand and balance sheet expansion goals.
- The company is leveraging its bank status to maintain a resilient balance sheet that supports recurring revenue streams.
- 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.
- Depreciation and amortization expenses increased significantly due to intangible asset amortization from acquisitions.
- Earnings from equity method investments turned negative, with losses of $0.8 million in Q4 and $2.8 million for the full year.
- Fiscal year 2025 net income was $17.3 million with non-GAAP adjusted net income before income taxes of $53.1 million and diluted EPS of $0.71.
- Full year gross profit increased 22% to $210.9 million or 1.92% of revenue, with higher profits from direct-to-consumer segment.
- Interest income decreased 34% in Q4 and 4% for the full year, while interest expense increased 34% in Q4 and 17% for the full year.
- Q4 2025 net income was $10.3 million with non-GAAP adjusted net income before income taxes of $19.2 million and diluted EPS of $0.41.
- Q4 gross profit increased 90% to $81.7 million, representing 3.25% of revenue, driven by acquisitions.
- SG&A expenses rose 135% in Q4 to $53.4 million due to compensation, advertising, consulting, and acquisition-related costs.
Dafinchi