- Net interest margin expanded by 15 basis points to 3.75%, supported by higher investment securities yields, higher loan yields, and lower funding costs.
- Noninterest income was $64.5 million, with operating noninterest income up 14% quarter-over-quarter due to strong core fee income growth.
- Operating EPS was $0.76, excluding merger and restructuring expenses, with an operating return on average tangible equity of 16.85%.
- Operating PPNR increased 14% from the first quarter to $242 million, reflecting rising earning asset yields and lower cost of interest-bearing liabilities.
- Provision for credit loss was $29 million, with allowance for credit losses robust at 1.17% of total loans.
- Second quarter operating results were up 14% from the year ago quarter, driven by profitability focus, balance sheet optimization, and operational efficiency initiatives.
- Total GAAP expenses were $278 million, with operating expenses flat at $269 million compared to Q1, reflecting offsetting changes in compensation, services, marketing, and amortization.
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- Adjusted EBITDA was $195.7 million.
- Gain on sale margin increased to 113 basis points, up 19 basis points from Q1 2025.
- MSR portfolio stood at $211.2 billion UPB with a weighted average coupon of 5.51%.
- Net income was $314.5 million, including a $111 million decline in fair value of MSRs.
- Purchase originations totaled $27.3 billion, marking the third-best purchase quarter ever and tracking to over $100 billion for the year.
- Refinance volume doubled year-over-year to $12.4 billion, representing about 11% of the industry volume despite owning only 2% of the servicing market.
- Total equity increased to $1.7 billion and cash position was $490 million with total available liquidity of $2.2 billion.
- UWM reported $39.7 billion in production volume for Q2 2025, the best quarter since 2021 and nearly 20% higher than Q2 2024.
- Capital ratios showed slight changes: Tier 1 leverage capital ratio increased to 11.07%, risk-based capital ratios decreased slightly.
- Diluted earnings per share increased 12.2% to $1.10 in Q2 2025 from $0.98 in Q1 2025.
- Effective tax rate decreased to 19.56% from 19.82%, with updated guidance to 18.5%-19% due to California tax legislation.
- Net charge-offs increased to $12.7 million in Q2 2025 from $2 million in Q1 2025, including a large commercial loan charge-off.
- Net income for Q2 2025 was $77.4 million, an 11.4% increase from $69.5 million in Q1 2025.
- Net interest margin increased slightly from 3.25% to 3.27% due to lower cost of funds.
- Noninterest expense increased by 4% to $89.1 million, mainly due to housing amortization and professional expenses.
- Noninterest income increased by $4.2 million to $15.4 million, driven by foreign exchange and derivative fee income.
- Provision for credit losses decreased to $11.2 million in Q2 2025 from $15.5 million in Q1 2025.
- Total gross loans increased by $432 million or 8.9% annualized, driven by commercial, commercial real estate, and residential loans.
- Book value per share increased over 12.6% to $25.14, driven by strong operating earnings and higher investment valuations.
- Favorable prior year loss reserve development continued, benefiting the consolidated loss ratio by 2.1 percentage points.
- Net investment income increased 2.4% due to higher bond yields despite a lower invested asset base after a $500 million special dividend.
- Net operating income was $209 million for the quarter, up from $202 million last year, with earnings per share increasing 9% to $0.83 from $0.76.
- Old Republic International produced $267.5 million of consolidated pretax operating income in Q2 2025, up from $253.8 million in Q2 2024.
- Regular cash dividends of $71 million were paid, with minimal share repurchases during the quarter.
- Specialty Insurance net premiums earned grew 14.6% with pretax operating income of $253.7 million, up from $202.5 million last year, and a combined ratio improvement to 90.7 from 92.4.
- The consolidated combined ratio was 93.6 compared to 93.5 in the prior year quarter.
- Title Insurance premiums and fees earned grew 5.2% to $698 million, but pretax operating income declined to $24.2 million from $46 million, with the combined ratio rising to 99 from 95.4.
- Adjusted non-interest expense was $1.3 billion, down 4% sequentially and 2% year over year, with controllable expenses down for the seventh consecutive quarter.
- Ally Financial delivered adjusted earnings per share of $0.99 and core pre-tax income of $480 million in Q2 2025, showing double-digit year-over-year growth.
- Consolidated net charge-off rate declined 40 basis points sequentially to 1.10%, with retail auto NCO rate down 37 basis points sequentially to 1.75%.
- Core ROTCE was 13.6% in the quarter, or 10% excluding AOCI effects.
- Corporate finance delivered a 31% ROE with core pre-tax income of $96 million and loan balances up $1.3 billion year over year.
- GAAP earnings per share were $1.04 for the quarter, with adjusted EPS at $0.99.
- Insurance business recorded a core pre-tax loss of $2 million due to higher losses despite premium growth.
- Net interest margin excluding core OID expanded 10 basis points quarter over quarter to 3.45%, offsetting a 20 basis point drag from the credit card business sale.
- Retail auto originations reached $11 billion with 3.9 million applications, the highest quarterly volume ever for the second consecutive quarter.
- Adjusted efficiency ratio improved to 62.4% from 66.9% in the prior quarter.
- Adjusted net charge-offs were limited to 7 basis points excluding the hospitality loan sale impact.
- Common equity Tier 1 capital ratio was 10.5%, and tangible common equity ratio improved 44 basis points to 7.87%.
- Deposits shrank 3.3% due to expected seasonal outflows from public funds and tax payments.
- Fee income increased 15% over the prior quarter and remains over 40% of revenues, well above the industry average of 19%.
- Loan growth was approximately 0.5% over the prior quarter excluding loans sold or classified as held for sale.
- Net interest income increased 4.6% over the prior quarter, reaching $43 million with a net interest margin of 3.51%, up 10 basis points.
- Noninterest expense decreased 3.8% due to seasonal decreases in benefits, less acquisition expenses, and an insurance reimbursement.
- Reported adjusted earnings per diluted share of $0.72, representing an adjusted return on assets of 1.41%.
- Efficiency ratio improved to 57.2%, reflecting disciplined expense management.
- Generated 530 basis points of positive operating leverage this quarter.
- Net revenue reached a quarterly record of $7.3 billion, driven by strong fee businesses and improved spread income.
- Non-performing assets ratio improved to 0.43%, and net charge-off ratio improved to 0.56%.
- Reported earnings per share of $1.22, an 18.4% increase year over year.
- Return on average assets was 1.17%, and net interest margin expanded to 2.75%.
- Tangible book value per share increased 12.7% year over year.
- Total average deposits increased 1.8% linked quarter to $512 billion; average loans grew 0.2% linked quarter.
- Blue Foundry Bancorp reported a net loss of $2 million or $0.10 per diluted share for Q2 2025, an improvement of $735,000 from the prior quarter.
- Cost of funds declined by 13 basis points to 2.72%, with deposit costs down 13 basis points to 2.62% and borrowings cost down 9 basis points to 3.30%.
- Deposits increased by $29.1 million or 2%, with core deposits growing approximately 4%, fueled by full banking relationships with commercial customers.
- Gross loans increased by $47.4 million during the quarter, with organic growth in owner-occupied commercial real estate and construction, plus $45 million in credit-enhanced consumer loan purchases.
- Interest income rose by $725,000 primarily due to loan growth, while interest expense declined by $171,000 reflecting lower deposit costs.
- Loan portfolio yield improved by 8 basis points to 4.80%, and total interest-earning assets yield increased by 7 basis points to 4.58%.
- Net interest income increased by $896,000 or 8.3%, driven by a 12 basis point expansion in net interest margin and loan growth.
- Noninterest expense decreased by $90,000 compared to prior quarter, mainly due to seasonal occupancy expense, and is expected to remain in the mid- to high $13 million range.
- Nonperforming assets and loans increased slightly but remain low at 0.30% and 0.38% respectively, with allowance coverage ratios slightly decreased but still strong.
- Provision for credit losses was $463,000, primarily for reserves on unfunded loan commitments scheduled to close in Q3.
Dafinchi