Dafinchi AI

Civista Bancshares, Inc.

CIVB

Financial Services

3w

Impact of Core System Conversion on Leasing Division's Fee Income

A $757,000 positive nonrecurring adjustment related to the finalization of the leasing division's core system conversion contributed to second quarter results.
Excluding this adjustment, leasing fee income was lower, and the division's revenue was affected by the system upgrade.
Management expects leasing fee income to rebound in the second half of the year due to accelerated depreciation benefits and pipeline improvements.

CTO Realty Growth, Inc.

CTO

Financial Services

2w

Financial Performance Summary

Core FFO per share was $0.45, consistent with the prior year quarter despite growth in core FFO due to reduced leverage.
Core FFO was $14.7 million for the quarter, a $4.3 million increase compared to $10.3 million in the prior year quarter.
Net debt to EBITDA was 6.9x, improved from 7.5x a year ago but up from 6.3x at the start of the year due to acquisitions and tenant vacancies.
The company signed approximately 227,000 square feet of new leases, renewals, and extensions at an average cash base rent of $25.43 per square foot in Q2 2025.
The property portfolio of 5.3 million square feet was 93.9% leased and 90.2% occupied at quarter-end.
The signed not open leasing pipeline stands at $4.6 million, representing 4.6% of in-place cash rents.
Year-to-date leasing totaled 339,000 square feet with a 27% cash rent spread on comparable leases.

Central Pacific Financial Corp.

CPF

Financial Services

3w

Financial Performance Summary

Declared quarterly cash dividend of $0.27 per share payable September 15.
Effective tax rate was 23.5% and expected to remain between 22% and 24%.
Net income for Q2 2025 was $18.3 million or $0.67 per diluted share.
Net interest income increased 3.6% quarter-over-quarter to $59.8 million.
Net interest margin expanded by 13 basis points to 3.44%, driven by higher loan yields and lower deposit costs.
Repurchased approximately 103,000 shares at $25 per share for $2.6 million; $25.3 million share repurchase authorization remains.
Return on average assets was 1.00% and return on average equity was 13.04%.
Total other operating expense was $43.9 million, up $1.9 million quarter-over-quarter due to deferred compensation and software expenses.
Total other operating income was $13.0 million, up $1.9 million quarter-over-quarter due to higher BOLI income.

Dime Community Bancshares, Inc.

DCOM

Financial Services

3w

Financial Performance Summary

Business loans grew over $110 million in Q2 and over $370 million or 15% year-over-year.
Common equity Tier 1 ratio increased to 11.25% and total capital ratio to 15.8%, indicating strong capital levels.
Core cash operating expenses were $59.9 million, primarily due to hiring production staff.
Core deposits increased by $1.2 billion year-over-year, with deposit teams hired since 2023 growing portfolios to approximately $2.2 billion.
Core EPS was $0.64 per share, up 12% linked-quarter and 49% year-over-year.
Core pretax pre-provision income was $49 million in Q2 2025 compared to $28 million a year ago, translating into a core ROA of 85 basis points.
Cost of total deposits was 2.09% in Q2, and NIM increased for the fifth consecutive quarter, approaching 3%.
Credit loss provision was $9.2 million, with allowance to loans increasing to 86 basis points.
Loan originations including new lines of credit increased to $450 million for the quarter with a weighted average rate of approximately 7%.
Loan pipelines stand at $1.2 billion with a weighted average rate of approximately 6.85%.
Non-brokered deposits increased by approximately $210 million quarter-over-quarter.
Noninterest income was $11.6 million, reflecting increased loan swap income.
Reported NIM increased to 2.98%, with an adjusted NIM of 2.95% excluding prepayment fees and purchase accounting.

Banc of California, Inc.

BANC

Financial Services

3w

Financial Performance Summary

Average loan yields increased to 5.93%, driven by higher-yielding loan categories and a 7.29% average rate on new loan production.
Banc of California reported net income of $18.4 million or $0.12 per share and adjusted net income of $48.4 million or $0.31 per share for Q2 2025.
Credit quality improved with declines in nonperforming loans, classified loans, and special mention loans as a percentage of total loans by 19, 46, and 115 basis points respectively.
Net charge-offs excluding loan sale impacts were 12 basis points of loans.
Net interest income increased 3.4% quarter-over-quarter to $240 million, with net interest margin expanding to 3.10%.
Noninterest expense was $185.9 million, slightly up from Q1 but below the target range of $190 million to $195 million per quarter.
Noninterest income was $32.6 million, down 3% from the prior quarter due to mark-to-market fluctuations on CRA-related equity investments and credit-linked notes.
Pretax pre-provision income grew 6% quarter-over-quarter driven by solid revenue growth outpacing a slight increase in expenses.
Tangible book value per share grew for the fifth consecutive quarter to $16.46.
Total annualized loan growth was 9%, supported by broad-based commercial loan production and loan originations of $1.2 billion, the highest since the merger.

Renasant Corporation

RNST

Financial Services

3w

Financial Performance Summary

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.

Kilroy Realty Corporation

KRC

Financial Services

2w

Financial Performance Summary

Cash same-property NOI growth in Q2 was 450 basis points, with onetime items contributing 300 basis points on a cash basis.
Excluding that lease, cash re-leasing spreads would have been approximately positive 1%, a meaningful improvement year-over-year.
FFO for the quarter was $1.13 per diluted share, including approximately $0.11 per share of onetime items such as a $10.7 million lease termination fee contributing $0.05 per share.
GAAP re-leasing spreads were negative 11.2% and cash re-leasing spreads negative 15.2%, impacted by a single large lease in San Francisco with a term under 3 years.
Occupancy ended Q2 at 80.8%, down from 81.4% in Q1, reflecting expected rightsizing and early vacates related to tenant bankruptcies.
The removal of the 89% leased 4-building campus held for sale negatively impacted occupancy by 20 basis points but lease commencement acceleration maintained occupancy guidance midpoint.

Mid-America Apartment Communities, Inc.

MAA

Financial Services

2w

Financial Performance Summary

Average physical occupancy was stable at 95.4%.
Balance sheet strong with $1 billion in combined cash and borrowing capacity; debt-to-EBITDA at 4x with 94% fixed rate debt.
Development pipeline active units at 2,648 with nearly $1 billion in cost; $92 million funded in Q2.
Lease-up portfolio faced elevated supply pressure, impacting non-same-store NOI negatively.
Net delinquency was low at 0.3% of billed rents.
Renewal lease rates and acceptance exceeded expectations, contributing to blended lease pricing growth of 0.5%, a 100 basis point improvement from Q1.
Same-store expenses were better than expected, primarily due to favorable real estate tax expense.
Same-store revenue was in line with expectations, benefiting from strong collections.
Second quarter core FFO was $2.15 per diluted share, $0.02 ahead of the midpoint of guidance.

First Citizens BancShares, Inc.

FCNCA

Financial Services

3w

Financial Performance Summary

Adjusted earnings per share were $44.78 with an adjusted ROE of 11.00% and ROA of 1.07%.
Adjusted net income was $607 million, exceeding expectations, driven by better-than-expected net interest income growth, lower credit costs, and expenses at the low end of guidance.
Allowance ratio decreased 1 basis point to 1.18%, with strong reserve coverage and risk management framework.
Deposits grew by $610 million or 0.4% sequentially, led by the Direct Bank and SVB Commercial segments.
Loans declined modestly by $89 million or 0.1% sequentially, with growth in Global Fund Banking and General and Commercial Bank segments offset by declines in tech and healthcare portfolios.
Net charge-offs declined by 8 basis points sequentially and were below guidance, concentrated in general office, investor-dependent, and equipment finance portfolios.
Net interest income increased 2% sequentially, with headline NIM at 3.26% and NIM ex accretion up 2 basis points to 3.14%.
Share repurchases totaled $613 million in the quarter, with a new $4 billion share repurchase plan approved to commence after the current plan.