Core bank ROA was approximately 1.38%, supported by a low cost of deposits around 1.75%.
Core expenses normalized to approximately $21 million, with expected reductions from technology savings and amortization ending.
Net interest income would have been $27.5 million excluding interest reversals, up from $26.4 million in Q1 and $24.9 million a year ago.
Net interest margin (NIM) excluding consumer program effects was 3.15%, up from 3.13% last quarter and 2.80% a year ago.
Noninterest income was $10.6 million, driven primarily by increased mortgage revenue.
Pretax pre-provision earnings were about $8.4 million after adjustments for mortgage support costs and interest write-offs.
Primis Financial Corp. reported $8.4 million in net income or $0.34 per share for Q2 2025, including a $7.5 million pretax gain on a portion of its interest in PFH.
Provision expense was $1.2 million, with no provision required for the consumer program this quarter.
Bank OZK reported strong loan growth with an 11% to 13% annual growth guidance, exceeding prior high single-digit expectations.
CIB (Corporate and Institutional Banking) was the largest contributor to loan growth, with $900 million growth in the recent quarter and an accelerating trend expected.
Deposit costs were stable around 3.68% to 3.7%, with deposit growth supported by branch expansion and CIB relationship growth.
The allowance for credit losses (ACL) increased by $366 million over 12 quarters, reflecting a cautious economic outlook, but net charge-offs remain low at about one-third of the industry average.
The RESG (Real Estate Specialties Group) portfolio saw higher paydowns, with $0.54 billion in paydowns in the first half of the quarter, impacting loan growth but still hitting highest funded balances ever.
Assets under management (AUM) reached a record $465 billion at quarter-end, with $51 billion of organic inflows over the past 12 months.
Carlyle delivered record fee-related earnings (FRE) of $323 million in Q2 2025, up 18% year-over-year, with year-to-date FRE at $634 million and a 48% margin.
Corporate private equity returned nearly $15 billion to investors over the last 12 months, triple the industry average, with strong portfolio realizations and performance.
Global Credit and Carlyle AlpInvest accounted for 55% of firm-wide FRE, up from less than 30% two years ago, reflecting diversification and growth.
Management fees increased 7% to $590 million in Q2 and $1.1 billion year-to-date, while capital markets fees more than doubled to $48 million in Q2 and $126 million year-to-date.
Brokerage segment revenue growth was 17%, organic growth 5.3%, adjusted EBITDAC margin expanded 334 basis points to 36.4%.
Completed 9 mergers in Q2 representing $290 million of estimated annualized revenue.
For combined Brokerage and Risk Management segments, posted 16% revenue growth, 5.4% organic growth, net earnings margin of 17.3%, adjusted EBITDAC margin of 34.5% up 307 basis points YoY, adjusted EBITDAC growth of 26%.
GAAP earnings per share of $2.11 and adjusted earnings per share of $2.95.
Reinsurance, wholesale and specialty businesses delivered nearly 7% organic growth, including 5% from Gallagher Re and over 7% from wholesale and specialty.
Retail operations delivered 4% organic growth; U.S. organic 5%, international operations around 3%.
Risk Management segment revenue growth was 9%, organic growth 6.2%, adjusted EBITDAC margin was 21%, better than June expectations.
Dafinchi