- Brookline Bancorp reported second quarter earnings of approximately $22 million or $0.25 per share.
- Customer deposits increased by $59 million and net interest margin improved by 10 basis points to 3.32%.
- Merger expenses were $439,000 and largely non-tax deductible, contributing to a higher effective tax rate.
- Net interest income increased by $2.9 million to $88.7 million, and fee income was slightly higher at $6 million, bringing total revenues to $94.7 million, up 3% from Q1 and 10% year-over-year.
- Noninterest expense, excluding merger charges, decreased by $1.3 million from Q1 to $57.7 million, with marketing expenses increasing by $503,000.
- Provision for credit losses was $7 million, $1 million higher than Q1, with total net charge-offs of $5.1 million and increased reserves for Boston office market credits.
- Reserve coverage increased to 132 basis points of total loans.
- The Board approved maintaining the quarterly dividend at $0.135 per share.
- The loan portfolio contracted by $61 million intentionally, with reductions in commercial real estate and specialty vehicles, while commercial and consumer loans grew.
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- Average cost of debt on core portfolio was SOFR plus 2.3%.
- Book value ended the quarter at $14.82 per fully converted share.
- Distributable earnings were $29 million or $0.27 per fully converted share.
- FBRT delivered economic returns of 6.6% over 12 months and 11.9% over 24 months, placing it at the top of its peer group.
- FBRT reported GAAP earnings of $24.4 million or $0.21 per fully converted common share for Q2 2025.
- Net leverage position was 2.2x with recourse leverage at 0.3x.
- NewPoint acquisition expected to contribute GAAP net income between $23 million and $27 million and distributable earnings between $13 million and $17 million for 2025.
- NewPoint's MSR portfolio valued at approximately $217 million with an implied life of 6.8 years.
- The Board maintained the Q2 dividend at $0.355 per share.
- Adjusted EBITDA for Q2 was $76.3 million, down 12.5% year-over-year, with an adjusted EBITDA margin of 35%, the second highest quarterly margin in company history despite a 90 basis point decrease from last year.
- Capital Markets Compliance and Communications Management segment net sales declined 17.8% to $93.5 million due to lower transactional revenue and print volume.
- Donnelley Financial Solutions reported second quarter 2025 net sales of $218.1 million, a 10.1% decrease from Q2 2024, driven by declines in Compliance and Communications Management segments and capital markets transactional revenue.
- Donnelley Financial Solutions reported second quarter 2025 total net sales of $218.1 million, a 10.1% decrease from Q2 2024, driven by declines in Compliance and Communications Management segments and capital markets transactional revenue.
- Free cash flow was $51.7 million, $14.9 million higher than Q2 2024, driven by favorable working capital and lower capital expenditures despite lower adjusted EBITDA.
- Free cash flow was $51.7 million, up $14.9 million year-over-year, driven by favorable working capital and lower capital expenditures despite lower adjusted EBITDA.
- Investment Companies Compliance and Communications Management segment net sales decreased 25.2% to $32.4 million, primarily due to lower print and distribution volume impacted by regulatory changes.
- Investment Company Software Solutions segment net sales increased 17% to $33.1 million, driven by Tailored Shareholder Report solution revenue.
- Non-GAAP net leverage ratio was 0.7x as of June 30, 2025, with total debt at $190.1 million and $77 million drawn on the revolver.
- Non-GAAP net leverage ratio was 0.7x with total debt at $190.1 million and $156.3 million non-GAAP net debt as of June 30, 2025.
- Print and distribution net sales declined by approximately $14 million or 26%, primarily due to lower proxy statement and annual report volumes and the impact of the Tailored Shareholder Reports regulation.
- Segment results showed Capital Markets Software Solutions net sales increased 3.1% to $59.1 million, led by ActiveDisclosure's 11% growth, while Venue revenue was nearly flat but down 1% year-over-year.
- Software solutions net sales grew approximately 8% year-over-year, including 15% growth in recurring compliance software offerings, making up 42.3% of total net sales, up 700 basis points from last year.
- The company repurchased approximately 787,000 shares for $34.3 million in Q2, with a new $150 million share repurchase authorization effective May 16, 2025.
- Earnings per share diluted of $1.16, up 16% year over year.
- Net interest margin was 5.24%, slightly down from 5.31% last quarter.
- Non-interest expenses totaled $96.5 million, up $1.7 million due to strategic investments.
- Return on average assets was 1.69%, and return on tangible common equity was 16.39%.
- Tangible book value per share was $28.92, with capital ratios remaining strong (CET ratio 14.13%).
- Total core revenue increased 5.6% year over year to $184 million.
- Total interest expense increased to $45 million, up $3 million sequentially.
- Total interest income was $200 million, up $6 million sequentially.
- Allowance for credit losses declined by $8.2 million to $98 million; net charge-offs were approximately $900,000.
- Hilltop reported net income of approximately $36 million or $0.57 per diluted share for Q2 2025.
- HilltopSecurities generated pretax income of $6 million on net revenues of $110 million, a 6% pretax margin.
- Net interest income increased 7% year-over-year to $110.7 million; net interest margin increased by 17 basis points versus Q1 2025.
- Net interest margin at PlainsCapital Bank increased by 19 basis points; loan yields increased by 5 basis points.
- Noninterest expenses increased by $5 million year-over-year to $261 million, driven by variable compensation and legal recovery timing.
- Noninterest income totaled $193 million, with mortgage revenues declining by $12 million year-over-year.
- PlainsCapital Bank generated $55 million pretax income on $12.7 billion average assets with a 1.35% return on average assets.
- PrimeLending reported a pretax gain of $3 million including a $9.5 million nonrecurring legal settlement.
- Return on average assets was 1% and return on average equity was 6.6%.
- Adjusted net income from continuing operations increased to $152.8 million or $0.81 per share in Q3 2025.
- Adjusted return on assets was 1.13% for the quarter.
- Credit quality remained stable with net charge-offs at 26 basis points annualized and stable non-performing assets.
- Deposits increased by $3.4 billion, with core customer deposits up $3.1 billion largely due to the Industry acquisition.
- Loans grew by $1.3 billion, including $1 billion from Industry acquisition and $300 million organic growth.
- Net interest margin improved by 6 basis points to 3.46%, driven by higher securities yields and lower funding costs.
- Net interest revenue increased 12% to $46 million driven by balance sheet growth and net interest margin improvement.
- Total adjusted revenue grew 9% quarter-over-quarter to $517 million.
- Credit costs remained low with a $7.5 million provision expense and net charge-offs at 6 basis points; one day 1 PCD charge-off of $17 million was recorded on an acquired relationship.
- Loan production increased 57% from about $2 billion to over $3 billion quarter-over-quarter, contributing to solid loan growth.
- Net interest income increased by $33 million over Q1, driven by loan coupon yields, securities portfolio restructuring, and lower cost of deposits.
- Noninterest expenses were $351 million, at the low end of guidance, resulting in a second quarter efficiency ratio of 49.1%, bringing the year-to-date ratio below 50%.
- Noninterest income remained stable at $87 million, with gains in correspondent business offset by a slight decline in mortgage revenue.
- SouthState reported a strong Q2 2025 with adjusted return on assets at 1.45% and return on tangible common equity near 20%, excluding merger costs.
- Tangible book value per share increased 8.5% year-over-year to $51.96 despite dilution from the IBTX merger; CET1 capital ratio improved compared to June 2024.
- Adjusted earnings per share for Q2 2025 was $1.14, a 56% increase over Q2 2024.
- Adjusted expenses increased 5% year-over-year due to investments in growth and efficiency initiatives.
- Bank lending balances increased 19% year-over-year, with pledged asset line balances reaching a record $21 billion.
- Capital return included $5.3 billion through dividends, preferred stock redemption, and stock repurchases totaling $1.85 billion year-to-date.
- Client trading volumes increased 38% year-over-year to 7.6 million daily average trades in Q2.
- Core net new assets reached $218 billion in the first half of 2025, up 39% year-over-year.
- High-cost bank borrowings were reduced by over 70% from peak to $27.7 billion as of June 30, 2025.
- Net interest revenue increased 31% year-over-year driven by reduction in high-cost borrowings and increased securities lending.
- Second quarter revenue was $5.9 billion, a 25% increase year-over-year.
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