- Officially closed on June 1, 2025, marking the largest merger in the company's history.
- Achieved a flawless day-one brand transition and completed full systems conversion within two weeks.
- Maintained high client retention and grew balances post-merger, reinforcing client loyalty and relationship banking focus.
- Unified company culture, brand presence, and strategic vision, positioning for organic growth and long-term value creation.
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- Post-merger, tangible book value per share increased by 9% to $24.57 as of June 30, 2025.
- Tangible equity ratio recovered to pre-merger levels within 10 months.
- Capital strength supports strategic growth initiatives and future M&A evaluations.
- Equity Bancshares completed a significant merger with NBC in July 2025, adding $665 million in loans and $808 million in deposits.
- The company announced a definitive merger agreement with Frontier Holdings, expanding into Nebraska with locations in Omaha and Lincoln.
- These mergers are part of a strategic roadmap to enter Oklahoma City and Omaha markets, achieved through partnerships with like-minded firms.
- The company has raised $75 million in subordinated debt to fund growth initiatives and acquisitions.
- Management highlighted the importance of integration teams and regulatory cooperation in executing these transactions.
- The company views these mergers as transformational, positioning for substantial organic and inorganic growth.
- WesBanco highlighted the successful integration of the Premier acquisition, which contributed to a significant improvement in the efficiency ratio, reducing it by 10 percentage points year-over-year to 55%.
- Operational efforts focused on expense synergies, cost control, and driving positive operating leverage, demonstrating disciplined execution post-acquisition.
- Customer satisfaction in new markets rebounded faster than expected, reaching upper 80 percentile levels, indicating effective integration and customer trust rebuilding.
- The integration strategy has been a key driver of organic fee income growth, especially in wealth management and new customer segments, supporting long-term profitability.
- Book value per diluted share, excluding AOCI, increased 6% to $38.05.
- Capital and liquidity remain strong with a consolidated RBC ratio of 378% and Holdco liquidity of $187 million.
- CNO delivered strong Q2 2025 results with operating earnings per diluted share of $0.87, benefiting from favorable insurance product margins and solid investment results.
- Net investment income grew 2% year-over-year, with average yield on allocated investments at 4.92%, up 11 basis points.
- Operating return on equity was 11.8% on a trailing 12-month basis and 11.2% excluding significant items, on track to meet 2025 and 3-year targets.
- Record total new annualized premiums reached $120 million, up 17%, with double-digit insurance sales growth in both Consumer and Worksite divisions.
- Share repurchases totaled $100 million in the quarter, reducing weighted average diluted shares outstanding by 8%.
- 30-plus delinquency was 5.07%, down 29 basis points year-over-year.
- Capital generation was $222 million, up 63% year-over-year.
- C&I adjusted earnings were $1.45 per share, up 42%.
- C&I net charge-offs were 7.6%, down 60 basis points from last quarter and down 88 basis points year-over-year.
- Consumer loan net charge-offs were 7.2%, down 64 basis points from last quarter and down 110 basis points year-over-year.
- Consumer loan yield was 22.6%, up 19 basis points from the first quarter and up 67 basis points year-over-year.
- GAAP net income was $167 million or $1.40 per diluted share, up 137% from $0.59 per diluted share in Q2 2024.
- Interest income grew 10% year-over-year driven by receivables growth and yield improvement.
- Managed receivables ended the quarter at $25.2 billion, up 7% from a year ago.
- Net leverage at the end of Q2 was 5.5x, flat to last quarter.
- Operating expenses were $415 million, up 11% compared to a year ago.
- Originations grew 9%, driven by expanded use of granular data and product innovations.
- Total revenue grew 10% and receivables grew 7% year-over-year, crossing the $25 billion mark for the first time.
- The company achieved 9% growth in originations driven by granular data, analytics, and product innovations despite maintaining a disciplined, tight credit box.
- Management emphasized their ability to attract high-quality borrowers, with over 60% of new originations from top credit tiers, highlighting a focus on credit quality and risk management.
- Old National’s tangible book value per share increased by 17% annualized over the last quarter.
- The company’s return on tangible common equity was 20%, with a ROA of 1.3%, both among the top decile of peers.
- Profitability was driven by margin expansion, fee income growth, and well-controlled expenses.
- Management highlighted that core EPS has grown 7.6% CAGR since 2018, with momentum heading into 2026.
- Adjusted non-interest expenses were $344 million, reflecting two months of Bremer operations, with positive operating leverage year over year.
- Adjusted non-interest income was $112 million, reflecting growth in wealth, mortgage, and capital markets.
- CET1 ratio was 10.74%, approximately 50 basis points higher than expected post-Bremer close.
- CET1 ratio was better than expected at 10.74%, about 50 basis points higher than modeled post-Bremer.
- Criticized and classified loans decreased by approximately 9% excluding Bremer, and allowance for credit losses improved by 8 basis points to 1.24%.
- Loan growth excluding Bremer was 3.7% annualized from last quarter, in line with guidance, with strong commercial and C&I loan production.
- Loan growth excluding Bremer was 3.7% annualized from last quarter, in line with guidance, with strong commercial and industrial loan production.
- Net charge-offs were 24 basis points, or 21 basis points excluding charge-offs on PCD loans, with non-accrual loans declining 5 basis points during the quarter.
- Net interest income and margin increased driven by Bremer, organic loan growth, and securities portfolio repositioning.
- Old National reported GAAP 2Q earnings per share of $0.34, with adjusted EPS of $0.53 excluding $0.19 of net merger-related expenses, representing an 18% increase over the prior quarter and 15% year over year.
- Tangible book value per share increased by 14% year over year despite the impact of the Bremer partnership.
- Total deposits increased by $13.3 billion, with core deposits ex-brokered up $11.6 billion.
- The bank completed a major IT system conversion in Texas and Colorado, involving 400 staff serving as ambassadors during a 3-week transition.
- Over 1,000 employees contributed to the successful conversion, which was described as one of the best in the company's history.
- The conversion coincided with a 35% increase in loan production in Texas and Colorado, indicating operational resilience and strategic timing.
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