- Consumer banking net income grew 28% to $3.4 billion with 600 basis points of operating leverage.
- Earnings per share (EPS) increased 31% year over year to $1.06.
- Investment banking fees exceeded $2 billion, up 43% year over year.
- Net interest income (NII) on a fully taxable equivalent (FTE) basis hit a record $15.4 billion, up 9% year over year.
- Operating leverage of 560 basis points achieved, with efficiency ratio falling below 62%.
- Reported revenue of $28 billion, up 11% year over year.
- Return on assets reached 98 basis points.
- Return on tangible common equity (ROTC) improved to 15.4%.
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- Assets under management increased 13% year-over-year to a record $1.2 trillion, supported by inflows of $52 billion in Q2 and $212 billion over the last 12 months.
- Base management fees rose 14% to a record $1.9 billion in Q2, with total fee revenues up 27% year-over-year to $2.5 billion.
- Blackstone reported GAAP net income of $1.6 billion for Q2 2025, with distributable earnings also at $1.6 billion or $1.21 per common share.
- Distributable earnings increased 25% year-over-year to $1.6 billion in Q2 and 26% over the last twelve months to $6.4 billion or $5 per share.
- Dividend was increased by 26% to $4.26 per share, yielding 2.4% on the current share price, double the S&P 500 yield.
- Fee-related earnings grew 31% year-over-year, representing one of the best quarters in the firm's history.
- Fee-related performance revenues reached $472 million in Q2, more than 2.5 times the prior year quarter, driven by multiple perpetual strategies.
- Investment performance was strong with corporate private equity funds appreciating 5.1% in Q2 and 17% over the last 12 months.
- Other strategies such as Tactical Opportunities, secondaries, infrastructure, and Life Sciences also delivered strong returns.
- Private credit non-investment-grade strategies returned 3.0% in Q2 and over 13% for the last 12 months with low default rates.
- 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.
- Adjusted earnings were approximately $66 million or $0.69 per diluted share.
- Adjusted efficiency ratio improved by about 7 percentage points.
- Adjusted loan yields decreased 1 basis point to 6.18%.
- Adjusted pre-provision net revenue was $103 million.
- Adjusted total cost of deposits decreased 18 basis points to 2.04%.
- Allowance for credit losses (ACL) as a percentage of total loans increased 1 basis point to 1.57%.
- Capital ratios remain well above regulatory minimums.
- Core net interest margin expanded from 3.42% to 3.58%.
- Deposits increased by $361 million or 7% quarter-over-quarter.
- Loans increased by $312 million or 7% quarter-over-quarter.
- Net charge-offs were $12.1 million, mainly from two credits.
- Noninterest expense was $183.2 million, excluding $20.5 million merger/conversion expenses, core expense was $162.7 million.
- Noninterest income was $48.3 million, up $11.9 million linked quarter, driven by The First and mortgage division.
- Reported earnings were $1 million or $0.01 per diluted share for Q2 2025.
- Reported margin rose from 3.45% to 3.85% reflecting purchase accounting adjustments.
Dafinchi