- Assets Under Management (AUM) remained flat at $2.1 trillion, reflecting higher market values offset by net outflows.
- Earnings per share increased 25% year over year to $1.88, or $1.91 excluding notable items.
- Expenses increased 4% year over year, reflecting higher investments, merit increases, and revenue-related expenses, partially offset by efficiency savings.
- Firm-wide Assets Under Custody and Administration (AUCA) grew 11% year over year to $57.8 trillion.
- Net interest income rose 18% year over year to $1.2 billion, driven by reinvestment at higher yields and balance sheet growth.
- Pretax margin improved to 36%, with return on tangible common equity at 26%.
- Reported record revenue of $5.1 billion, up 9% year over year.
- Security Services and Markets and Wealth Services segments showed double-digit revenue growth, while Investment and Wealth Management revenue declined 3%.
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- Alternative investment income was $60 million below expectations due to lower private equity and real estate returns and a $50 million unfavorable impact from the annual assumption update process.
- Capital position remains strong with cash and liquid assets at $3.9 billion, above the $3 billion minimum liquidity target.
- Group insurance had one of its best earnings quarters recently with strong underwriting results and a benefit ratio improved to 80.9%.
- Individual Life sales grew 10% year-over-year with improved earnings results.
- Institutional Retirement delivered $9 billion in sales, including robust Longevity Risk Transfer transactions.
- International businesses sales were up 4%, driven by retirement and savings products in Japan despite surrender headwinds.
- PGIM's assets under management increased by 8% to $1.4 trillion, with total net flows of $400 million including $2.6 billion institutional inflows and $2.8 billion retail outflows.
- Pretax adjusted operating income was $1.7 billion or $3.58 per share, up 9% from the prior year quarter.
- Year-to-date return on equity was over 14%.
- Bankers Healthcare Group (BHG) had a strong quarter with fee revenues over $26 million and earnings growth guidance raised from 20% to approximately 40% for 2025.
- Deposit growth was 4.7% linked quarter annualized, slightly below initial expectations but expected to improve in the second half of the year.
- In 2Q 2025, Pinnacle Financial Partners reported revenue growth of 15.1% year-over-year, adjusted EPS growth of 22.7%, and tangible book value per share growth of 10.9%.
- Loans increased by 10.7% linked quarter annualized, exceeding initial expectations, with loan yield at 6.39%.
- Net charge-offs increased to 20 basis points from 16 basis points in the prior quarter, with reserves decreasing 2 basis points.
- Net interest income grew over 16% linked quarter annualized, with net interest margin (NIM) finishing at 3.23%, up 2 basis points from prior quarter.
- Credit quality remained strong with stable nonperforming loans and charge-offs at 11 basis points, unchanged from Q1.
- Deposit growth was strong at over $2 billion, with total assets growing to $69 billion including a $425 million preferred stock offering.
- Net interest income reached a quarterly record of $547 million, driven by $2.3 billion loan growth in Q2.
- Net interest margin remained stable at 3.54%, within the target range.
- Noninterest expenses rose by $15.4 million to $381.5 million, primarily due to higher salaries, benefits, and marketing expenses.
- Noninterest income increased by $7.5 million to $124.1 million, driven by mortgage banking and wealth management revenue growth.
- Tangible book value per share continued to grow, maintaining a consistent upward trend since becoming public.
- Wintrust reported record quarterly net income of $195.5 million, up from $189 million last 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.
- Adjusted noninterest expenses grew modestly due to merit-based salary increases and higher incentive accruals, but efficiency ratio improved to 55.2%.
- Asset quality remained stable with nonaccrual loans steady and accruing past dues increasing slightly due to a few specific credits that are resolving.
- Core customer deposits grew by $600 million in the quarter, driven by commercial noninterest-bearing deposits and promotional CDs.
- Net interest margin expanded for the fifth consecutive quarter due to asset repricing and disciplined deposit cost management.
- Noninterest income grew strongly, supported by capital markets activity, FX and syndication fees, and treasury platform penetration.
- Profitability ratios such as return on average assets and return on tangible shareholders' equity improved and are on track to meet full year guidance.
- Sequential growth was driven by solid momentum in net interest income, noninterest income, and a lower loan loss provision.
- Tangible book value increased due to retained earnings and favorable OCI from securities portfolio; regulatory capital ratios remain strong.
- Valley National Bancorp reported Q2 2025 net income of $133 million or $0.22 per diluted share and adjusted net income of $134 million or $0.23 per share, up from $106 million and $0.18 per share in the prior quarter.
- Broadstone Net Lease reported adjusted funds from operations (AFFO) of $74.3 million or $0.38 per share for Q2 2025, representing 5.6% growth compared to Q2 2024.
- Core general and administrative expenses totaled $6.9 million for the quarter and $14.3 million year-to-date, tracking in line with full year expectations of $30 million to $31 million.
- Dividend declared at $0.29 per share payable on or before October 15, 2025.
- Investment activity through Q2 2025 totaled approximately $229 million, with nearly 60% allocated to stabilized properties, funded by retained cash flow, disposition proceeds, and revolver.
- Pro forma leverage ended the quarter at 5.2x net debt with over $800 million available on the revolving credit facility.
- Weighted average initial cash cap rate on acquisitions was 7.2%, with lease terms averaging 12.4 years and annual rent increases of 2.8%.
- Year-to-date bad debt totaled 45 basis points, reflecting rental recoveries and limited bad debt incurrence during the quarter.
- Fee-paying AUM grew 9% year-over-year to $69 billion; contracted not yet fee-paying AUM increased 19% to $8.7 billion.
- Fee-related earnings, adjusted EBITDA, and adjusted net income increased by 6%, 9%, and 9% respectively compared to Q2 2024.
- Fee-related earnings margin for the quarter was 42%, up 200 basis points year-over-year.
- Incentive fees realized were $16 million in the quarter, including $1 million annual performance fees and $15 million carried interest.
- Total assets under management (AUM) reached $86 billion, a 5% increase from Q1 2025.
- Unrealized carried interest at NAV surpassed $900 million, with the firm's share at approximately $450 million, up 9% from last quarter.
- Year-to-date fee-related earnings, adjusted EBITDA, and adjusted net income grew by 14%, 17%, and 19% respectively compared to the first half of 2024.
- Adjusted return on assets was 1.31% and pre-provision ROAA was 1.72%.
- Deposits grew by $73 million net of broker deposits, with core deposits up nearly $800 million year-over-year.
- Loan growth was 4% annualized or $110 million, with contributions from nearly all business areas and geographic markets.
- Net interest income increased by $5.2 million quarter-over-quarter, with net interest margin expanding 6 basis points to 4.21%.
- Noninterest expense increased by $5.9 million due to merit increases, deposit costs, acquisition costs, and loan workout expenses.
- Noninterest income increased by $2.1 million from the prior quarter, driven by bank-owned life insurance and community development income.
- Nonperforming assets decreased slightly; net charge-offs were negligible aided by a $3 million recovery on a previously charged-off loan.
- Tangible book value per common share increased to $40.02, an annualized quarterly increase of 15%.
- Tangible common equity to tangible assets ratio was 9.42%, with a return on tangible common equity of 13.96%.
- The company earned $1.36 per diluted share in Q2 2025, up from $1.31 in the prior quarter and $1.19 year-over-year.
- Allowance for credit losses increased to $43 million or 1.08% of total loans from $41.6 million or 1.05%.
- Common equity Tier 1 was 13.77%, up from 13.47% last quarter.
- Efficiency ratio adjusted for certain costs was 54.54%, improved from 55.48% last quarter.
- Loan-to-deposit ratio was 83.3%, up from 81.2% last quarter but down from 87.9% a year ago.
- Mortgage banking income was slightly up quarter-over-quarter excluding MSR mark-to-market volatility.
- Net income was $21.8 million or $0.48 per diluted share in the second quarter.
- Net interest margin improved 22 basis points year-over-year and decreased 3 basis points quarter-over-quarter.
- Noninterest expense was $1.1 million less than prior quarter, with strong expense discipline.
- Noninterest income grew with wealth management fees up 11.7% and service charges on deposits up 11.2%.
- Return on assets was 1.53%.
- Return on average tangible common equity was 15.29%.
- Second quarter earnings were impacted by $531,000 MSR mark-to-market losses and $810,000 merger-related expenses.
- Tangible equity ratio increased by 49 basis points from last quarter to 10.83%, and by 144 basis points year-over-year.
- Tax equivalent efficiency ratio was 54.54%.
- Total loans increased by $58.4 million from last quarter, driven by construction and lease portfolios.
Dafinchi