Dafinchi AI

Cannae Holdings, Inc.

CNNE

Financial Services

4d

Strategic Portfolio Rebalancing and Capital Return Plan

Cannae has sold approximately $1.1 billion of public company stakes since February 2024, significantly reducing its public holdings from 63% to 22% of assets.
The company expects to receive around $630 million from the sale of Dun & Bradstreet, which will be used for share repurchases, debt repayment, and dividends.
Cannae has repurchased 7.6 million shares, or about 12% of outstanding shares, at an average price of $19.71, aiming to close the NAV discount.
The company increased its quarterly dividend by 25% to $0.15 per share, reflecting a commitment to returning capital to shareholders.
Since February 2024, Cannae has returned approximately $414 million through buybacks and dividends, demonstrating a strategic focus on capital deployment.

Dynex Capital, Inc.

DX

Financial Services

3w

Financial Performance Summary

Book value was nearly unchanged from quarter end after accrued dividends were accounted for.
Capital raised totaled $560 million this year, primarily through common equity issued above book value, accretive to shareholders.
Dynex Capital's market capitalization grew nearly 50% year-over-year to over $1.5 billion as of June 30, 2025.
Liquidity remained strong at $891 million, representing 55% of total equity.
Net interest income increased due to new investments with attractive yields and positive carry from agency RMBS and swaps.
ROEs on newly acquired positions, fully hedged, ranged from mid-teens to low 20% range.
The portfolio grew to $14 billion, a 25% increase from the prior quarter and over 50% from the prior year.

ARMOUR Residential REIT, Inc.

ARR

Financial Services

3w

Financial Performance Summary

ARMOUR Capital Management waived $1.65 million of management fees in Q2, offsetting operating expenses.
ARMOUR raised approximately $104.6 million of capital by issuing approximately 6.3 million shares of common stock through an at-the-market offering program during Q2.
ARMOUR's Q2 GAAP net loss related to common stockholders was $78.6 million or $0.94 per common share.
Distributable earnings available to common stockholders was $64.9 million or $0.77 per common share.
Monthly common stock dividends were $0.24 per share, totaling $0.72 for the quarter.
Net interest income was $33.1 million.
Outstanding common shares total 91.5 million.
Quarter ending book value was $16.90 per common share; estimated book value as of July 21 was $16.81 per common share.
Since June 30, ARMOUR raised approximately $58.8 million of capital by issuing approximately 3.5 million shares of common stock through an at-the-market offering program.

Renasant Corporation

RNST

Financial Services

3w

Impact of Merger with The First Bancshares on Balance Sheet and Capital Ratios

Fair value of assets acquired was $7.9 billion, including loans of $5.2 billion.
Liabilities assumed totaled $6.9 billion, with deposits of $6.4 billion.
Preliminary goodwill from the transaction was $428.7 million.
All regulatory capital ratios remain above minimum requirements, indicating a well-capitalized position.

Ares Commercial Real Estate Corporation

ACRE

Financial Services

1w

Financial Performance Summary

Ares Commercial Real Estate reported a GAAP net loss of approximately $11 million or $0.20 per diluted common share for Q2 2025.
Distributable earnings for Q2 2025 were a net loss of approximately $28 million or $0.51 per diluted common share, including a $33 million realized loss related to the exit of a Massachusetts office life sciences loan.
Excluding the realized loss, distributable earnings were approximately $5 million or $0.09 per diluted common share.
Net debt-to-equity ratio, excluding CECL, was stable at 1.2x quarter-over-quarter and down from 1.9x year-over-year.
Outstanding borrowings decreased 6% quarter-over-quarter and 39% year-over-year to $889 million.
The Board declared a regular cash dividend of $0.15 per common share for Q3 2025, with an annualized dividend yield above 13% based on the stock price as of July 31, 2025.
The CECL reserve declined by approximately $20 million to $119 million, representing about 9% of the total outstanding principal balance of loans held for investment.
The company collected $30 million in repayments during Q2 2025, nearly three times the amount collected in the first half of 2024, strengthening liquidity and the balance sheet.
Unfunded commitments were reduced by 50% quarter-over-quarter and 58% year-over-year to $37 million.

Rithm Capital Corp.

RITM

Financial Services

2w

Financial Performance Summary

Book value increased to $6.7 billion or $12.71 per share, up from $12.39 in the prior quarter.
Dividend yield remains strong at 8.9%, paying out $0.25 per share.
Genesis Capital achieved a record quarter with origination north of $4 billion, more than doubling since acquisition in 2022.
Newrez's servicing portfolio grew to $864 billion with a typical ROE around 20%.
Return on equity (ROE) for the entire company was 17%, with earnings available for distribution at $291.1 million or $0.54 per diluted share, representing an 18% ROE.
Rithm Capital reported GAAP net income of $283.9 million or $0.53 per diluted share for Q2 2025.
Sculptor's asset management business saw $3.5 billion of AUM growth since acquisition, with strong fundraising and performance.
The company ended the quarter with a record $2.1 billion in cash and liquidity.

The Travelers Companies, Inc.

TRV

Financial Services

4w

Financial Performance Summary

Adjusted book value per share increased 14% year-over-year to $144.57, excluding unrealized investment gains and losses.
All three segments showed strong net earned premiums and excellent profitability: Business Insurance combined ratio improved to 88.3%, Bond and Specialty to 87.8%, and Personal Insurance to 79.3%.
Capital returned to shareholders totaled $809 million, including $557 million in share repurchases and $252 million in dividends.
Net earned premiums grew 7% to $10.9 billion with an underlying combined ratio improving 3 points to 84.7%.
Net investment income after tax was $774 million, a 6% increase from prior year, driven by a growing fixed income portfolio with total invested assets surpassing $100 billion.
Operating cash flow was $2.3 billion for the quarter, marking the 21st consecutive quarter with over $1 billion in operating cash flow, totaling over $40 billion in that period.
The Travelers Companies, Inc. reported exceptional Q2 2025 results with core income of $1.5 billion or $6.51 per diluted share and a core return on equity of 18.8% for the quarter, 17.1% on a trailing twelve-month basis.