Dafinchi AI

Bridgewater Bancshares, Inc.

BWB

Financial Services

3w

Financial Performance Summary

Asset quality remained strong with no net charge-offs, nonperforming assets steady at 0.19%, and classified loans showing a modest uptick.
Bridgewater reported strong revenue and balance sheet growth trends in Q2 2025, with net interest margin expanding by 11 basis points to 2.62%.
Expenses were well controlled with a slight increase due to FDIC insurance, charitable contributions, and marketing, resulting in an adjusted efficiency ratio of 51.5%.
Fee income reached record levels excluding one-time gains, including nearly $1 million in swap fee income and over $200,000 in investment advisory fees from the First Minnetonka City Bank acquisition.
Net interest income grew by $2.2 million during the quarter, driven by loan portfolio repricing and strong loan growth at a 12.5% annualized rate.
Noninterest income increased $773,000 or 37% excluding securities gain and FHLB prepayment income.
Tangible book value per share grew nearly 11% annualized year-to-date, with $1.6 million of common stock repurchased in Q2.

The RMR Group Inc.

RMR

Financial Services

1w

Financial Performance Summary

Interest expense was $1.1 million this quarter, expected to rise to $1.7 million next quarter due to leverage on upcoming residential acquisitions.
Next quarter guidance includes adjusted EBITDA of approximately $20.5 million, distributable earnings between $0.44 and $0.46 per share, and adjusted EPS between $0.21 and $0.23 per share.
Recurring cash compensation decreased by $3.5 million sequentially to $38.6 million due to cost containment measures; recurring G&A decreased by $1.2 million to $9.5 million.
Recurring service revenues were approximately $44 million, down $1.5 million sequentially due to lower property management fees at RMR Residential, partially offset by seasonal improvements in Sonesta-related fees.
RMR reported adjusted net income of $0.28 per share, distributable earnings of $0.43 per share, and adjusted EBITDA of $20.1 million for Q3 2025, all in line with expectations.

Global Net Lease, Inc.

GNL

Financial Services

1w

Financial Performance Summary

Adjusted Funds From Operations (AFFO) was $53.1 million or $0.24 per share in Q2 2025.
GNL reported Q2 2025 revenue of $124.9 million and a net loss attributable to common stockholders of $35.1 million.
Gross outstanding debt was reduced to $3.1 billion, down $2 billion from Q2 2024, with 85% fixed-rate debt and a weighted average interest rate of 4.3%.
Liquidity increased to approximately $1 billion with $1.1 billion capacity on the revolving credit facility.
Net debt to adjusted EBITDA ratio improved significantly to 6.6x from 8.1x a year ago.

COMP

Financial Services

2w

Financial Performance Summary

Adjusted EBITDA reached a record $126 million, up 63% from $77 million a year ago.
Commissions and related expenses as a percentage of revenue improved by 80 basis points to 81.84%.
Compass delivered all-time high revenue of $2.06 billion in Q2 2025, a 21.1% year-over-year increase.
Free cash flow hit a record $68 million, improving from $40.4 million in Q2 2024 despite a $28.75 million class action settlement payment.
GAAP net income was $39.4 million, a 90% increase from $20.7 million in the prior year quarter.
Market share rose to 6.09%, up 96 basis points year-over-year and 8 basis points sequentially.
Non-GAAP operating expenses increased to $250 million, driven by acquisitions including Christie's International Real Estate.
Total transactions increased 20.9% year-over-year, with organic transactions up 6.3%, outperforming the market decline of 0.9%.

Axos Financial, Inc.

AX

Financial Services

2w

Financial Performance Summary

A $12 million pretax gain from sale of multifamily loans and a $5.5 million noncash deferred tax impairment impacted net income this quarter.
Axos Financial delivered strong Q4 fiscal 2025 results with $856 million net loan growth linked quarter and 6 basis points net interest margin expansion.
Net income was approximately $110.7 million, with diluted EPS of $1.92, compared to $105.2 million and $1.81 respectively in the prior quarter.
Net interest income was $280 million, up 7.7% year-over-year, and net interest margin was 4.84%, up from 4.78% in the prior quarter.
Nonaccrual loans declined by $15 million linked quarter, improving the nonaccrual loans to total loans ratio to 79 basis points.
Noninterest expenses increased 3% from prior quarter, excluding a $2 million legal accrual reversal, with salaries and benefits roughly flat.
Total deposits increased 7.6% year-over-year to $21 billion, with a diverse deposit base supporting organic loan growth.

SLM Corporation

SLM

Financial Services

3w

Financial Performance Summary

Allowance as a percentage of private education loan exposure remained stable at 5.95%.
GAAP diluted EPS in the second quarter was $0.32 per share.
Liquidity ratio ended at 17.8%, total risk-based capital at 12.8%, and common equity Tier 1 capital at 11.5%.
Loan originations for the second quarter were $686 million, roughly in line with the same period last year and slightly below expectations.
Net interest income was $377 million, up $5 million from the prior year quarter.
Net interest margin was 5.31%, 4 basis points ahead of the prior quarter.
Net private education loan charge-offs were $94 million, representing 2.36% of average loans in repayment, an increase of 17 basis points year-over-year, attributed primarily to disaster forbearance related to California wildfires.
Noninterest expenses were $167 million, consistent with expectations.
Private education loans delinquent 30 days or more were 3.5% of loans in repayment, a slight decrease from 3.6% in the prior quarter but higher than 3.3% a year ago.
Provision for credit losses was $149 million, up from $17 million in the prior year quarter due to a more cautious macroeconomic outlook and increased weighted average life of the portfolio.

Brown & Brown, Inc.

BRO

Financial Services

2w

Financial Performance Summary

15 acquisitions completed in the quarter with estimated annual revenues of $22 million; 29 acquisitions year-to-date with $60 million annual revenues.
Adjusted earnings per share grew over 10% to $1.03.
Adjusted EBITDAC margin improved by 100 basis points to 36.7%.
Brown & Brown delivered $1.3 billion in revenue for Q2, growing 9.1% total and 3.6% organically versus prior year.
Cash flow from operations was $537 million, up $164 million over first half of 2024.
Completed 15 acquisitions in the quarter with estimated annual revenues of $22 million; 29 acquisitions year-to-date with $60 million in annual revenues.
Dividends paid per share increased 15.4% compared to prior year quarter.
Generated $537 million cash flow from operations, up $164 million over first half of 2024.
Programs segment grew 6.1% total revenues with 4.6% organic growth; EBITDAC margin expanded 320 basis points to 52.8%.
Retail segment revenue grew 7.9% total with 3% organic growth; EBITDAC margin decreased 50 basis points to 27.5% due to seasonality.
Weighted average shares increased by approximately 10 million due to equity issuance.
Wholesale Brokerage segment revenues increased 14.5% total and 3.9% organically; EBITDAC margin increased 80 basis points to 34.1%.