Dafinchi AI

Cullen/Frost Bankers, Inc.

CFR

Financial Services

2w

Financial Performance Summary

Average deposits increased 3.1% year-over-year to $41.8 billion; average loans grew 7.2% to $21.1 billion.
Commercial loans grew 4.9% year-over-year with CRE up 6.8%, energy loans up 22%, and C&I down about 1%.
Consumer real estate loans grew 22% year-over-year to $3.3 billion, driven by second lien home equity and mortgage products.
Cullen/Frost earned $155.3 million or $2.39 a share in Q2 2025, up from $143.8 million or $2.21 a share in Q2 2024.
Expansion efforts contributed $2.76 billion in deposits, $2.03 billion in loans, and nearly 69,000 new households.
New loan commitments totaled just under $2 billion in Q2, a 56% increase over Q1.
Nonperforming assets declined to $64 million from $85 million at year-end; net charge-offs were $11.2 million, or 21 basis points annualized.
Return on average assets and average common equity were 1.22% and 15.6%, compared to 1.18% and 17.08% in the prior year quarter.
Total problem loans increased to $989 million, mainly due to multifamily loans, with expected resolutions in H2 2025.

KEY

Financial Services

3w

KeyCorp's Robust Loan Growth and Pipeline Strength in 2025

Achieved full-year plan to grow commercial loans by approximately $3 billion in 2025, with backlogs in institutional and middle market segments continuing to build.
Commercial loan growth was broad-based across industries and regions, driven by new client acquisitions.
Loan growth is expected to be supported by strong pipelines and active client engagement, with a focus on sectors like renewables, affordable housing, healthcare, and public sector.
Guidance anticipates continued C&I loan growth, with some offset from CRE and residential mortgage paydowns, and potential upside from CapEx and bonus depreciation.

Douglas Emmett, Inc.

DEI

Financial Services

1w

Financial Performance Summary

FFO decreased to $0.37 per share and AFFO decreased to $54.5 million.
G&A expenses remain low at approximately 4.9% of revenue.
Revenue increased by 2.7% compared to Q2 2024.
Same-property cash NOI declined by 1.1%, impacted by a large property tax refund in the prior year; excluding refunds, NOI was slightly positive.

Hudson Pacific Properties, Inc.

HPP

Financial Services

1w

Financial Performance Summary

G&A expenses improved significantly to $13.5 million in Q2 2025 from $20.7 million in Q2 2024, reflecting ongoing cost reduction efforts.
Same-store cash NOI was $87.1 million in Q2 2025, down from $104.1 million in Q2 2024, mainly due to lower office occupancy.
Second quarter 2025 revenue was $190 million, down from $218 million year-over-year, primarily due to asset sales and lower office occupancy.
Second quarter FFO excluding specified items was $8 million or $0.04 per diluted share, compared to $24.5 million or $0.17 per diluted share in the prior year.
Specified items in Q2 2025 totaled $19.2 million or $0.09 per diluted share, including onetime expenses related to forfeited noncash compensation, debt repayment, and cost cutting.
Studio revenue increased 3% quarter-over-quarter to $34.2 million, with studio NOI improving by $5.4 million due to cost reductions and higher occupancy.

Armada Hoffler Properties, Inc.

AHH

Financial Services

1w

Financial Performance Summary

AFFO was $18.4 million or $0.18 per diluted share.
FFO attributable to common shareholders was $19 million or $0.19 per diluted share.
Liquidity remained strong at $172.2 million including revolving credit availability.
Net debt to total adjusted EBITDA stood at 7.7x, and stabilized portfolio debt to adjusted EBITDA was 5.2x.
Normalized FFO for Q2 2025 was $0.25 per diluted share, in line with guidance.
Office occupancy remained high at 96.3%, retail occupancy at 94.2%, and multifamily occupancy dipped slightly to 94%.
Same-store NOI increased 1.4% on a GAAP basis and 0.3% on a cash basis.

First Foundation Inc.

FFWM

Financial Services

2w

Strategic Balance Sheet Optimization through CRE Loan Sales and Securitizations

Executed $377 million CRE loan sale in April and $481 million securitization in June, reducing CRE concentration from over 600% to 365% of regulatory capital.
Plan to complete an additional securitization before year-end, aiming to fully exit the CRE held-for-sale portfolio by 2025.
Balance sheet actions limited positive impact on net interest income but expected to improve net interest margin (NIM) to 1.8%-1.9% by end of 2025.
Focus on reducing CRE concentration to mitigate volatility and enhance earnings stability.