Adjusted EBITDA grew 1.8% year-over-year, or approximately 4.5% excluding noncash net straight line, despite FX headwinds.
American Tower reported strong second quarter 2025 results with consolidated property revenue growth of 1.2% year-over-year, or more than 3% excluding noncash straight-line revenue.
Attributable AFFO and AFFO per share declined approximately 6.7% and 6.8%, respectively, primarily due to prior year revenue reserve reversals in India.
Cash adjusted EBITDA margin declined 40 basis points, partially due to higher contribution from U.S. services business.
CoreSite data center business posted over 13% property revenue growth with double-digit revenue growth and gross margin expansion.
On an as-adjusted basis normalizing for India sale, AFFO per share grew approximately 2.4%.
Organic tenant billings growth was 4.7% consolidated, driven by solid demand across global portfolio, with U.S. and Canada at 3.7% and International at 6.5%.
Adjusted EBITDA was $53 million and adjusted EPS was $0.36 based on 118 million diluted shares.
Auto business grew 87% sequentially and Home business grew 67% sequentially, both accelerating from Q1 growth rates.
Contribution margin improved to 58%, up 3 percentage points from the prior quarter and exceeding guidance.
GAAP net income was positive $6 million, achieving profitability a quarter earlier than expected.
GAAP operating expenses were $252 million, up 16% sequentially, driven by variable costs increasing 21% relative to a 55% increase in loan volume.
Loans held on balance sheet increased to $1.02 billion from $815 million in Q1, mainly due to growth in new products.
Originations on the platform reached $2.8 billion, the highest volume in three years, with 373,000 loan transactions representing over 250,000 new borrowers.
Small dollar loans grew 40% sequentially and crossed $100 million in quarterly originations alongside Auto.
Upstart reported exceptional Q2 2025 results with total revenue of approximately $257 million, up 102% year-on-year.
Core NIM expanded by 12 basis points to 3.24% excluding excess liquidity impact.
Deposits decreased $75.8 million during the quarter mainly due to seasonal decline of public funds deposits and broker deposits, but excluding these, deposits increased $77.5 million.
Loan outstandings contracted by $31.9 million during the quarter despite solid loan production in the first half of the year.
Net interest margin (NIM) was 3.2%, up 11 basis points from the prior quarter, driven by increased asset yields and reduced cost of funds.
Noninterest expense increased $1.6 million or 3.3% compared to Q2 2024, mainly due to compensation costs including merit increases, medical costs, and variable incentives.
Noninterest income increased by $521,000 or 2.5% compared to Q2 2024, driven by investment management fees, SBA loan sales gains, and treasury management fees.
Recorded $7.8 million of net charge-offs predominantly related to one credit, with the remaining balance placed on nonaccrual and supported by real estate collateral appraisal.
Univest Financial Corporation reported net income of $20 million during the second quarter or $0.69 per share.
Year-to-date commercial loan production through June 30 was $507 million compared to $402 million in the prior year, but loan outstandings contracted by $25.4 million compared to growth of $117.6 million in the prior year.
Dafinchi