- Core earnings per share (EPS) of $0.91 in Q3, contributing to $2.66 YTD core EPS, reflecting 3% growth year-over-year.
- Deposits increased $149 million or 1.9% to $7.6 billion, excluding temporary pension funding deposits.
- Net charge-offs were elevated at 0.81% of total loans, driven by resolution of problem credits but showing improvement in consumer solar and business banking portfolios.
- Net income was $26.8 million or $0.88 per diluted share; core net income was $27.6 million or $0.91 per diluted share.
- Net interest income grew 4.9% to $76.4 million, exceeding the high end of guidance.
- Net interest margin increased 5 basis points to 3.6%, partially offset by a 5 basis point rise in cost of funds.
- Nonperforming assets decreased 34.6% to $23 million, or 0.26% of total assets, indicating improved credit quality.
- Tangible book value per share increased 4% to $25.31, growing over 46% since September 2021, reflecting strong capital management.
Explore Similar Insights
- Consolidated net investment income increased 2% to $59.3 million due to higher portfolio yields.
- Diluted earnings per share increased to $1.93 from $1.91 year-over-year and $1.69 sequentially.
- Essent Group Ltd. reported net income of $195 million for Q2 2025, slightly down from $204 million a year ago.
- Essent Re's risk in force was $2.3 billion, supporting diversification and growth.
- Mortgage insurance in force grew 3% year-over-year to $247 billion with strong credit quality (weighted average FICO 746, original LTV 93%).
- Mortgage insurance net premium earned was $234 million, including $13.6 million from Essent Re third-party business.
- Operating expenses declined to $36.3 million with an expense ratio of 15.5%.
- Persistency remained stable at 86% for 12-months ending June 30, 2025.
- Provision for losses and loss adjustment expenses decreased to $15.4 million from $30.7 million in the prior quarter.
- Return on average equity was 14% annualized for the quarter.
- The company repurchased nearly 7 million shares year-to-date for approximately $390 million and declared a $0.31 dividend for Q3 2025.
- Adjusted expenses were $491 million for the quarter, or $395 million excluding license fees.
- Adjusted net income was $1.1 billion and adjusted diluted EPS was $2.96, both up 16% from Q2 2024.
- Adjusted operating income was a record $1.2 billion, up 14% year-over-year, with an operating margin of 71%.
- Average rate per contract was $0.69, resulting in the highest quarterly clearing and transaction fees of $1.4 billion, up 11% year-over-year.
- Capital expenditures were approximately $19 million, and cash at quarter-end was $2.2 billion.
- CME Group generated revenue of $1.7 billion in Q2 2025, up 10% year-over-year.
- Dividends paid were $455 million in Q2 and approximately $3 billion in the first half of 2025.
- Market Data revenue reached a record $198 million, up 13%.
Dafinchi