- 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.
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- CMTG reported a GAAP net loss of $1.30 per share and a distributable loss of $0.77 per share for Q2 2025.
- Distributable earnings prior to realized losses were $0.10 per share, with REO investments contributing $0.01 per share net of financing costs.
- Held-for-investment loan portfolio decreased to $5 billion from $5.9 billion due to loan resolutions.
- Liquidity increased by $221 million since December 31, reaching $323 million as of August 5.
- Loan resolutions totaled $1.9 billion UPB year-to-date with an 88% blended recovery rate.
- Net debt-to-equity ratio improved from 2.4x to 2.2x in Q2 and further to 2.0x pro forma in Q3.
- B2B segment revenue grew nearly 40%, driven by a significant BaaS partner and growth in the BaaS portfolio.
- Consumer Services segment revenue declined but active account declines moderated, with retail channel showing flat active accounts and slight increases in key metrics.
- Corporate segment revenues increased due to higher interest income from balance sheet optimization and bond repositioning.
- Green Dot reported a strong Q2 2025 with adjusted revenue up 24% year-over-year and adjusted EBITDA up 34%, both exceeding expectations.
- Money Movement segment saw tax business outperform expectations with profits up over 10%, while money processing revenue declined modestly due to lower transaction volumes but improved revenue per transaction.
- Non-GAAP EPS reached $0.40 per share, a 60% increase year-over-year.
- Overall segment margins were flat year-over-year, with margin improvements in direct channel offsetting retail declines.
- Rapid Employer Services revenue declined due to challenges in the staffing industry, but margin expanded by 45 basis points due to improved profitability.
- Adjusted operating net income excluding merger expenses and CECL provision was $77.4 million or $1.55 diluted EPS.
- Assets under administration (AUA) in wealth management grew to $9.2 billion, including $1.4 billion from Enterprise acquisition.
- Commercial & Industrial (C&I) loan balances grew organically over 13% annualized in Q3.
- Commercial real estate (CRE) loan balances declined organically at a 6.7% annualized rate.
- Deposits grew organically by approximately 1% annualized, with demand deposits representing 28% of total deposits.
- GAAP net income for Q3 2025 was $34.3 million with diluted EPS of $0.69.
- Net interest margin improved to 3.62%, a 25 basis point increase from prior quarter.
- Operating return on average tangible common equity improved 283 basis points to 13.2%.
- Brighthouse Financial reported second quarter 2025 adjusted earnings of $198 million or $3.43 per share, down from $245 million in Q1 2025 and $346 million in Q2 2024.
- Corporate expenses were $202 million pretax, down from $239 million in Q1 2025 but slightly higher than $200 million in Q2 2024.
- Estimated combined risk-based capital (RBC) ratio was between 405% and 425%, within the target range of 400% to 450%.
- Holding company liquid assets exceeded $900 million as of June 30, 2025.
- Life insurance sales reached $33 million in Q2, contributing to a record $69 million year-to-date, up 21% year-over-year.
- Total annuity sales increased 16% sequentially to $2.6 billion, with Shield sales contributing $1.9 billion and fixed annuities $500 million.
- Net interest margin expanded by 15 basis points to 3.75%, supported by higher investment securities yields, higher loan yields, and lower funding costs.
- Noninterest income was $64.5 million, with operating noninterest income up 14% quarter-over-quarter due to strong core fee income growth.
- Operating EPS was $0.76, excluding merger and restructuring expenses, with an operating return on average tangible equity of 16.85%.
- Operating PPNR increased 14% from the first quarter to $242 million, reflecting rising earning asset yields and lower cost of interest-bearing liabilities.
- Provision for credit loss was $29 million, with allowance for credit losses robust at 1.17% of total loans.
- Second quarter operating results were up 14% from the year ago quarter, driven by profitability focus, balance sheet optimization, and operational efficiency initiatives.
- Total GAAP expenses were $278 million, with operating expenses flat at $269 million compared to Q1, reflecting offsetting changes in compensation, services, marketing, and amortization.
- Achieved a 20% return on average tangible common equity and over 1.3% return on assets.
- Capital ratios strengthened with CET1 over 11%, increasing 28 basis points quarter-over-quarter.
- Core deposits grew 5.8% annualized excluding brokered deposits, with non-interest bearing deposits at 24% of core deposits.
- Credit metrics improved with a 6% reduction in criticized and classified loans and normalized charge-offs at 25 basis points.
- Efficiency ratio improved to below 50%, specifically a low 48% adjusted efficiency ratio.
- Reported GAAP earnings per share of $0.46 and adjusted EPS of $0.59, an 11% increase over prior quarter and 28% year-over-year growth.
- Tangible book value per share grew 4% linked quarter and 10% year-over-year.
- Adjusted non-interest income increased 6% linked quarter, driven by record fee income in wealth management and capital markets excluding CBA.
- Adjusted pretax pre-provision income increased 4% year over year to $830 million.
- Average loans grew modestly, with year-to-date loan commitments increasing by approximately $2 billion.
- Net interest income was relatively stable quarter over quarter, with net interest margin declining six basis points.
- Reported strong quarterly earnings of $548 million, with adjusted earnings of $561 million or $0.63 per share.
- Return on tangible common equity was strong at 19%.
- Top quartile deposit growth and above peer median market share change per FDIC data.
- Total average deposits and accounts grew across consumer checking, small business, and wealth management.
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