- Adjusted EPS increased 166% year over year to $1.15 per share in Q3 2025.
- Adjusted net revenue was $2.2 billion, up 3% year over year; 9% growth excluding credit card sale.
- CET1 ratio stood at 10.1%, representing $4.5 billion excess capital above regulatory minimum.
- Core ROTCE was 15% headline, approximately 12% excluding AOCI impact.
- Net interest margin (NIM) excluding core OID expanded 10 basis points quarter over quarter to 3.55%.
- Noninterest expense was $1.2 billion, slightly up year over year but down sequentially by $22 million.
- Provision expense declined 36% year over year to $415 million, driven by credit normalization.
- Retail auto net charge-off rate improved 36 basis points year over year to 1.88%, despite a 13 basis point sequential increase due to seasonality.
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- Adjusted net operating income was $180 million in Q2 2025, up 6% year-over-year.
- Consolidated insurance and other operating expenses increased 8% year-over-year to $154 million.
- Diluted adjusted operating EPS increased 10% to $5.46.
- Investment and Savings Product (ISP) segment revenues increased 14% to $298 million with pretax income up 6% to $79 million.
- Mortgage business showed strong growth with U.S. closed loan volume up 33% and Canadian referral volume up 30%.
- Term Life segment revenues rose 3% to $442 million with pretax income up 5% to $155 million.
- Total sales in ISP segment grew 15% to $3.5 billion, with net inflows of $487 million versus $227 million prior year.
- Book value increased to $6.7 billion or $12.71 per share, up from $12.39 in the prior quarter.
- Dividend yield remains strong at 8.9%, paying out $0.25 per share.
- Genesis Capital achieved a record quarter with origination north of $4 billion, more than doubling since acquisition in 2022.
- Newrez's servicing portfolio grew to $864 billion with a typical ROE around 20%.
- Return on equity (ROE) for the entire company was 17%, with earnings available for distribution at $291.1 million or $0.54 per diluted share, representing an 18% ROE.
- Rithm Capital reported GAAP net income of $283.9 million or $0.53 per diluted share for Q2 2025.
- Sculptor's asset management business saw $3.5 billion of AUM growth since acquisition, with strong fundraising and performance.
- The company ended the quarter with a record $2.1 billion in cash and liquidity.
- Effective fee rate remained stable at 59 basis points.
- Effective tax rate was 25.3%.
- Ending AUM rose to $88.9 billion from $87.6 billion, positively impacted by market appreciation.
- Liquidity improved to $323 million from $295 million in the prior quarter.
- Net inflows into open-end funds were offset by institutional net outflows.
- Operating margin decreased slightly to 33.6% from 34.7%.
- Q2 revenue increased 1.1% to $135 million, driven by higher average AUM and day count.
- Reported earnings of $0.73 per share, slightly down from $0.75 sequentially.
- Total expenses increased 2.9% due to higher compensation, distribution fees, G&A, and talent acquisition costs.
- Deposits grew by $194 million, outpacing loan growth of $29 million for the quarter.
- Efficiency ratio improved to 56.5%, reflecting strong expense discipline.
- Net charge-offs declined to 18 basis points; non-performing assets improved to 0.63% of total assets.
- Net interest margin increased 10 basis points to 3.57%, with loan yields rising to 5.93%.
- Non-interest income was $70.4 million, representing 21% of total revenue, supported by wealth and consumer businesses.
- Operating earnings of $101.3 million or $0.55 per share for Q3 2025.
- Operating ROA was 1.29% and operating ROTCE was 15.79%, indicating strong profitability.
- Total revenue reached an all-time high driven by net interest income growth and increased fee income.
- Adjusted EPS increased 11% to $1.85, while GAAP EPS was $1.51.
- Adjusted operating income grew 13% to $1.4 billion, with adjusted operating margin expanding 30 basis points to 22.7%.
- Consolidated revenue increased 11% to $6.4 billion in Q3 2025, with 4% underlying growth despite headwinds from fiduciary interest income.
- Consulting segment revenue grew 9% to $2.5 billion, with 5% underlying growth and adjusted operating margin up 40 basis points to 22.1%.
- Fiduciary interest income declined by $29 million to $109 million due to lower interest rates.
- Mercer’s revenue increased 9% to $1.6 billion, with 3% underlying growth; assets under management reached $683 billion, up 25% year-over-year.
- Oliver Wyman revenue rose 9% to $886 million, with 8% underlying growth, though Q3 benefited from favorable timing.
- Risk and Insurance Services (RIS) revenue rose 13% to $3.9 billion, with 3% underlying growth; adjusted operating margin was 24.7%.
- Credit loss expense decreased significantly to $2.1 million from $7.6 million in Q2, with net loan recoveries of $0.5 million.
- Deposits increased 0.6% in Q3 or 2.2% annualized, supported by new commercial accounts and market expansion.
- Efficiency ratio improved to a two-year low of 52.65%, reflecting disciplined expense management.
- Net income for Q3 2025 was $22.1 million or $0.73 per diluted share, up from $15.1 million or $0.50 in Q2.
- Net interest margin expanded by 15 basis points to 3.22%, driven by higher loan yields and lower funding costs.
- Pre-provision net revenues increased 16.4% to $47 million compared to the prior quarter.
- Return on average assets was 1.12% and return on average equity was 10.69%.
- Total loans increased 3.5% linked quarter to $6.53 billion, with loan production up 73% to $571 million.
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