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Bread Financial Holdings, Inc.

BFH

Financial Services

3mo

Progress in Credit Metrics and Updated Full-Year Loss Guidance

Credit sales grew 4% YoY, driven by nondiscretionary purchases and lower gas prices positively influencing retail spending.
Net loss rate improved to 7.9%, down 70 basis points YoY, with an updated full-year outlook of 7.8%-7.9%.
Credit metrics are benefiting from credit tightening, product mix shifts, and macroeconomic stability, with a focus on prudent risk management.

Community Bank System, Inc.

CBU

Financial Services

3mo

Financial Performance Summary

Allowance for credit losses was $81.9 million or 78 basis points of loans, covering over five times trailing net charge-offs.
Deposits increased 4.3% year over year but decreased 1.4% sequentially due to seasonal municipal deposit outflows.
GAAP earnings per share were $0.97, up 6.6% year over year and 4.3% sequentially.
Loans grew $98 million sequentially and $495.3 million year over year, driven by consumer indirect lending and business lending.
Net charge-offs were $5.1 million or 20 basis points annualized, elevated due to one CRE loan charge-off.
Net interest income was $124.7 million, up 14% year over year and 3.8% sequentially, marking the fifth consecutive quarter of growth.
Net interest margin increased 6 basis points to 3.3%.
Noninterest expenses increased 8.5% year over year, driven by salaries, data processing, restructuring charges, and branch expansion costs.
Nonperforming loans decreased sequentially and were stable year over year at about 50 basis points of total loans.
Operating earnings per share were $1.04, a record quarterly result, up from $0.95 a year ago and $0.98 last quarter.
Provision for credit losses was $4.1 million, higher than prior year but lower than last quarter.

First Financial Bancorp.

FFBC

Financial Services

3mo

Financial Performance Summary

Adjusted earnings per share were $0.74, with a return on assets of 1.54% and return on tangible common equity of 20%.
Adjusted noninterest expenses increased 1% from Q1, with expense management efforts keeping year-over-year increases under 2% excluding leasing expenses.
Adjusted noninterest income increased 11% over the linked quarter to $67.8 million, driven by mortgage, bankcard, leasing, and foreign exchange income.
Asset quality remained stable with net charge-offs declining 15 basis points to 21 basis points of total loans and classified assets flat at 1.15% of total assets.
First Financial Bancorp achieved record revenue of $226.3 million in Q2 2025, a 5% increase year-over-year.
Loan growth was 2% annualized, with broad-based growth except for commercial real estate which declined due to higher payoffs.
Net interest margin was strong at 4.05%, up 17 basis points from Q1, driven by a 5 basis point increase in asset yields and a 12 basis point decline in funding costs.
Tangible common equity increased 16% year-over-year to 8.4%, and tangible book value per share rose 4% sequentially to $15.40.
The Board approved a 4.2% increase in the common dividend to $0.25 per share, maintaining a payout ratio of approximately 35% of net income.

ServisFirst Bancshares, Inc.

SFBS

Financial Services

5d

Loan Paydown Trends and Impact on Growth Expectations

Loan paydowns increased by $500 million over the previous two quarters, which contributed to below-expected loan growth in Q3 2025.
Management reviewed loan booking and draw activity, noting a slight decline in the pipeline as a percentage of projected payoffs.
Despite softer loan growth, the pipeline is 40% higher than a year ago, indicating strong future potential.
Loan payoffs include some low fixed-rate loans that are being paid off through asset sales, which is viewed positively.
Management expects a solid loan closing quarter in Q4, with all markets now profitable for the first time since inception.
The company emphasizes that not all payoffs are negative, especially those related to asset sales at favorable rates.

First Commonwealth Financial Corporation

FCF

Financial Services

2mo

Significant Margin Expansion Driven by Loan Yield Improvements and Macro Swap Maturities

Net interest margin increased by 21 basis points to 3.83%, primarily due to improved loan yields and lower deposit costs.
Most of the margin expansion was organic, with only a small contribution from the CenterBank acquisition and macro swap roll-offs.
Macro swaps maturing in 2026 are expected to support margin stability, with a forecast of NIM staying above 4% in 2026 despite potential rate cuts.

First Commonwealth Financial Corporation

FCF

Financial Services

2mo

Financial Performance Summary

Core earnings per share of $0.38 surpassed consensus estimates by $0.03 and improved from $0.32 in the first quarter.
Core return on assets was 1.31%, core pretax pre-provision ROA was 1.95%, and core efficiency ratio was 54.1%.
Loan growth was strong at 8.1% annualized, broad-based across equipment finance, small business, commercial, indirect, and branch lending.
Net interest income increased by $10.7 million quarter-over-quarter to $106.2 million.
Net interest margin expanded from 3.62% to 3.83%, driven by improved loan yields, lower deposit costs, CenterBank acquisition, and roll-off of macro hedges.
Noninterest income increased by $2.1 million to $24.7 million, driven by mortgage, SBA, interchange, wealth, and other service charges.
Nonperforming loans increased by $40.1 million due to the floorplan credit and CenterBank acquisition; core credit metrics were neutral excluding these events.
Provision expense was $12.6 million, including $3.8 million CECL provision for CenterBank; excluding that, provision was $8.8 million with $2.6 million for a single commercial floorplan loan moved to nonaccrual.
Total deposits grew 9% year-to-date, reaching $10.1 billion, with strong performance in Community Pennsylvania and Ohio.

Business First Bancshares, Inc.

BFST

Financial Services

2mo

Net Charge-Offs

0.01%

The quarter as with most all our recent quarters, exhibited exemplary net charge-offs at 0.01%.

Home Bancorp, Inc.

HBCP

Financial Services

3mo

Potential Impact of Future Federal Rate Cuts on Loan Growth and Net Interest Margin

Management expects loan growth to pick up if there are one or two rate cuts in the second half of the year.
Loan yields are projected to continue increasing as new originations around 7.4% replace maturing loans.
The bank maintains a cautious stance, noting that without rate cuts, growth may be at the lower end of guidance (4%-6%).
Management emphasizes that rate cuts could stimulate demand, especially for projects waiting on lower interest rates.

Regional Management Corp.

RM

Financial Services

2mo

Financial Performance Summary

30-day delinquency rate improved to 6.6%, down 50 basis points sequentially and 30 basis points year-over-year.
Book value per share reached $36.43 at quarter end.
Capital generation was $16.9 million in Q2, with $26.8 million year-to-date.
Net credit loss rate was 11.9%, improving 50 basis points sequentially and 80 basis points year-over-year.
Net receivables grew by $70 million sequentially and were up 10.5% year-over-year.
Operating expense ratio improved to 13.2%, an all-time best and 60 basis points better year-over-year.
Quarterly revenue reached a record $157 million, up 10% year-over-year.
Regional Management delivered net income of $10.1 million and diluted EPS of $1.03 in Q2 2025, a 20% year-over-year improvement.
Returned $17.6 million to shareholders year-to-date via $11.6 million in stock repurchases and $6.1 million in dividends.
Total originations hit a record $510 million, up 20% year-over-year.

Blue Foundry Bancorp

BLFY

Financial Services

2mo

Financial Performance Summary

Blue Foundry Bancorp reported a net loss of $2 million or $0.10 per diluted share for Q2 2025, an improvement of $735,000 from the prior quarter.
Cost of funds declined by 13 basis points to 2.72%, with deposit costs down 13 basis points to 2.62% and borrowings cost down 9 basis points to 3.30%.
Deposits increased by $29.1 million or 2%, with core deposits growing approximately 4%, fueled by full banking relationships with commercial customers.
Gross loans increased by $47.4 million during the quarter, with organic growth in owner-occupied commercial real estate and construction, plus $45 million in credit-enhanced consumer loan purchases.
Interest income rose by $725,000 primarily due to loan growth, while interest expense declined by $171,000 reflecting lower deposit costs.
Loan portfolio yield improved by 8 basis points to 4.80%, and total interest-earning assets yield increased by 7 basis points to 4.58%.
Net interest income increased by $896,000 or 8.3%, driven by a 12 basis point expansion in net interest margin and loan growth.
Noninterest expense decreased by $90,000 compared to prior quarter, mainly due to seasonal occupancy expense, and is expected to remain in the mid- to high $13 million range.
Nonperforming assets and loans increased slightly but remain low at 0.30% and 0.38% respectively, with allowance coverage ratios slightly decreased but still strong.
Provision for credit losses was $463,000, primarily for reserves on unfunded loan commitments scheduled to close in Q3.