- Adjusted net income was $2.8 billion with diluted EPS of $5.48, excluding acquisition-related adjustments and legal reserves.
- Allowance for credit losses increased by $7.9 billion to $23.9 billion, driven mainly by Discover acquisition.
- Allowance for credit losses increased by $7.9 billion to $23.9 billion, driven primarily by Discover acquisition marks and portfolio mix shifts.
- Capital One reported a GAAP net loss of $4.3 billion or $8.58 per diluted share in Q2 2025, heavily impacted by the Discover acquisition and related purchase accounting adjustments.
- Commercial banking loans increased 1% quarter-over-quarter; deposits declined slightly.
- Commercial banking loans increased 1% quarter-over-quarter with stable deposits and modestly higher net charge-offs.
- Common Equity Tier 1 capital ratio ended at 14%, up 40 basis points from prior quarter, with stress capital buffer requirement preliminarily at 4.5%.
- Consumer banking loans and deposits grew 7% and 36% year-over-year respectively, driven by Discover and organic growth.
- Credit Card segment showed 22% year-over-year purchase volume growth including Discover; excluding Discover, growth was about 6%.
- Domestic card net charge-off rate improved to 5.25%, down 80 basis points year-over-year, influenced by Discover's lower loss profile.
- Marketing expense increased 26% year-over-year to $1.35 billion, driven by domestic card marketing and Discover integration.
- Net interest margin improved 69 basis points to 7.62%, with Discover contributing about 40 basis points.
- Net interest margin improved 69 basis points to 7.62%, with Discover contributing approximately 40 basis points of the increase.
- Noninterest expense increased 18% (14% net of adjustments) due to acquisition and integration costs.
- Noninterest expense increased 18% (14% net of adjustments) with pre-provision earnings up 34% (40% net of adjustments) compared to Q1.
- Pre-provision earnings rose 34% (40% net of adjustments) compared to Q1 2025.
- Provision for credit losses was $11.4 billion including $8.8 billion initial allowance build for Discover; excluding this, provision was $2.7 billion, up $294 million sequentially.
- Provision for credit losses was $11.4 billion including $8.8 billion related to Discover's loan portfolio; excluding this, provision was $2.7 billion, up $294 million sequentially.
- Revenue increased 25% quarter-over-quarter to $2.5 billion higher, driven largely by Discover's partial quarter contribution.
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- Adjusted expenses were $491 million for the quarter, or $395 million excluding license fees.
- Adjusted net income was $1.1 billion and adjusted diluted EPS was $2.96, both up 16% from Q2 2024.
- Adjusted operating income was a record $1.2 billion, up 14% year-over-year, with an operating margin of 71%.
- Average rate per contract was $0.69, resulting in the highest quarterly clearing and transaction fees of $1.4 billion, up 11% year-over-year.
- Capital expenditures were approximately $19 million, and cash at quarter-end was $2.2 billion.
- CME Group generated revenue of $1.7 billion in Q2 2025, up 10% year-over-year.
- Dividends paid were $455 million in Q2 and approximately $3 billion in the first half of 2025.
- Market Data revenue reached a record $198 million, up 13%.
- Bankers Healthcare Group (BHG) had a strong quarter with fee revenues over $26 million and earnings growth guidance raised from 20% to approximately 40% for 2025.
- Deposit growth was 4.7% linked quarter annualized, slightly below initial expectations but expected to improve in the second half of the year.
- In 2Q 2025, Pinnacle Financial Partners reported revenue growth of 15.1% year-over-year, adjusted EPS growth of 22.7%, and tangible book value per share growth of 10.9%.
- Loans increased by 10.7% linked quarter annualized, exceeding initial expectations, with loan yield at 6.39%.
- Net charge-offs increased to 20 basis points from 16 basis points in the prior quarter, with reserves decreasing 2 basis points.
- Net interest income grew over 16% linked quarter annualized, with net interest margin (NIM) finishing at 3.23%, up 2 basis points from prior quarter.
- Credit quality remained strong with nonperforming loans decreasing and charge-offs stable compared to prior quarters.
- Deposits grew by nearly $900 million to almost $57 billion, maintaining pace with loan growth.
- Net income reached a record $216 million, up nearly 11% quarter-over-quarter from $195 million.
- Net interest income increased by $20 million to $567 million, driven by strong loan and balance sheet growth.
- Net interest margin was stable at 3.5%, within the targeted range despite a slight decline from the prior quarter.
- Non-interest expenses slightly declined to $380 million, improving efficiency and overhead ratios.
- Non-interest income rose by $6.7 million to $130.8 million, supported by wealth management, mortgage revenue, and security gains.
- Total loans grew by over $1 billion in the quarter, reaching $52 billion, an 11% annualized increase year-to-date.
- Allowance for credit losses declined by $8.2 million to $98 million; net charge-offs were approximately $900,000.
- Hilltop reported net income of approximately $36 million or $0.57 per diluted share for Q2 2025.
- HilltopSecurities generated pretax income of $6 million on net revenues of $110 million, a 6% pretax margin.
- Net interest income increased 7% year-over-year to $110.7 million; net interest margin increased by 17 basis points versus Q1 2025.
- Net interest margin at PlainsCapital Bank increased by 19 basis points; loan yields increased by 5 basis points.
- Noninterest expenses increased by $5 million year-over-year to $261 million, driven by variable compensation and legal recovery timing.
- Noninterest income totaled $193 million, with mortgage revenues declining by $12 million year-over-year.
- PlainsCapital Bank generated $55 million pretax income on $12.7 billion average assets with a 1.35% return on average assets.
- PrimeLending reported a pretax gain of $3 million including a $9.5 million nonrecurring legal settlement.
- Return on average assets was 1% and return on average equity was 6.6%.
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