- GAAP earnings per share of $1.04, up 25.3% year over year and 7.2% sequentially.
- Loan balances grew 4.9% year over year and 2.2% sequentially, with deposits up 4.3% year over year.
- Net interest income grew 13.7% year over year to $128.2 million, marking six consecutive quarters of growth.
- Net interest margin increased by 3 basis points to 3.33%, driven by higher loan yields and stable funding costs.
- Non-interest expenses increased 3.3% year over year, including costs related to branch expansion and consulting.
- Provision for credit losses was $5.6 million, down from $7.7 million a year ago.
- Record operating earnings per share of $1.09, a 23.9% increase year over year.
- Total operating revenues reached a quarterly high of $206.8 million, up 9.4% year over year.
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- Adjusted earnings were approximately $66 million or $0.69 per diluted share.
- Adjusted efficiency ratio improved by about 7 percentage points.
- Adjusted loan yields decreased 1 basis point to 6.18%.
- Adjusted pre-provision net revenue was $103 million.
- Adjusted total cost of deposits decreased 18 basis points to 2.04%.
- Allowance for credit losses (ACL) as a percentage of total loans increased 1 basis point to 1.57%.
- Capital ratios remain well above regulatory minimums.
- Core net interest margin expanded from 3.42% to 3.58%.
- Deposits increased by $361 million or 7% quarter-over-quarter.
- Loans increased by $312 million or 7% quarter-over-quarter.
- Net charge-offs were $12.1 million, mainly from two credits.
- Noninterest expense was $183.2 million, excluding $20.5 million merger/conversion expenses, core expense was $162.7 million.
- Noninterest income was $48.3 million, up $11.9 million linked quarter, driven by The First and mortgage division.
- Reported earnings were $1 million or $0.01 per diluted share for Q2 2025.
- Reported margin rose from 3.45% to 3.85% reflecting purchase accounting adjustments.
- Account-based delinquency rate decreased 9 basis points to 2.21%, consistent with seasonal trends.
- Adjusted net operating income was $0.82 per diluted share, up from $0.77 last year.
- Annual persistency was 85%, remaining flat over the past two quarters.
- Book value per share increased 13% year-over-year to $22.11.
- Favorable loss reserve development of $54 million was recorded due to better-than-expected cure rates on delinquency notices.
- In Q2 2025, MGIC recorded net income of $193 million and an annualized return on equity of 15%.
- Net investment income was $61 million, with a book yield on the portfolio of 4%, relatively flat quarter-over-quarter.
- Operating expenses were $52 million, down from $55 million last year, including a $4 million pension-related accounting charge.
- The company wrote $16 billion of new insurance, with insurance in force ending at $297 billion.
- Balance sheet remains strong with an adjusted tangible equity ratio of 9.8%, up from 8.2% a year ago.
- Consumer Lending segment NIM was 232 basis points, down from 276 basis points in Q1, impacted by loans entering 91+ days delinquency and related accrued interest reserve adjustments.
- Delinquency rates increased: FFELP >90-day delinquency at 10.1%, consumer lending 91+ day delinquency rose to 3%, partly due to disaster forbearance roll-offs.
- Loan originations doubled year-over-year, with $443 million in refinance loans this quarter and over $1 billion in total originations year-to-date.
- Navient reported core earnings per share of $0.20 in Q2 2025, or $0.21 on a core basis after adjusting for regulatory and restructuring expenses.
- Net interest margin (NIM) for the Federal Education Loan segment was 70 basis points, exceeding guidance, with full year NIM expected between 55 and 65 basis points.
- Operating expenses declined by $82 million year-over-year to $100 million, driven by business sales and expense reduction initiatives.
- Provision expenses were elevated due to macroeconomic outlook deterioration, higher delinquency trends, and increased loan originations.
- Returned $40 million to shareholders via share repurchases and dividends; repurchased 1.9 million shares for $24 million.
- Earnings per share rose sharply by 86% to $2.49 compared to Q2 2024, driven by record collections and operational efficiency.
- Encore Capital Group reported strong Q2 2025 financial results with portfolio purchases up 32% to $367 million and collections increasing 20% to a record $655 million.
- Leverage improved slightly to 2.6x from 2.7x a year ago and remained flat compared to Q1 2025 despite increased portfolio purchases.
- Net income increased 82% to $59 million, with operating expenses growing 15% to $291 million, reflecting onboarding of new portfolios.
- Portfolio revenue increased 12% to $361 million, supported by a 14% growth in average receivable portfolios and improved portfolio yield of 35.5%.
Dafinchi