Dafinchi AI

Customers Bancorp, Inc.

CUBI

Financial Services

3w

Financial Performance Summary

Credit quality remained strong with nonperforming assets at 27 basis points of total assets and net charge-offs down about 25% quarter-over-quarter.
Customers Bancorp reported a strong Q2 2025 with core EPS of $1.80, core ROCE of 13.3%, and ROAA of 1.1%, exceeding consensus estimates.
Deposit growth was steady at $19 billion, with $300 million in new high-quality deposits from commercial banking teams and a $350 million reduction in brokered deposits.
Net interest margin expanded by 14 basis points quarter-over-quarter to 3.27%, with net interest income increasing about 6% to $176.7 million.
Noninterest expenses were $106.6 million, with a core efficiency ratio improving to 51.6%, well below industry average despite reinvestments.
Tangible book value per share reached $56.24, reflecting a 15% compound annual growth rate since Q4 2019, outperforming peers.

Horizon Bancorp, Inc.

HBNC

Financial Services

3w

Consistent Loan Growth Driven by Existing Customer Expansion and Referral Network

Loan growth of $75.5 million (1.5% quarterly, 6.2% annualized) primarily driven by existing customer expansion and referrals.
Focus on core commercial banking relationships, with a stable pipeline and disciplined underwriting.
Commercial loans increased by $117 million (14.8% quarter-over-quarter), with a focus on C&I portfolio expansion.

First Industrial Realty Trust, Inc.

FR

Financial Services

4w

Financial Performance Summary

Capital markets activity included a Fitch upgrade to BBB+ and a $450 million senior unsecured bond issuance at 5.25% coupon.
Cash same-store NOI growth for the quarter was 8.7%, driven by rental rate increases and contractual rent bumps, partially offset by lower average occupancy.
Guidance for full-year 2025 NAREIT FFO remains at a midpoint of $2.92 per share with a narrowed range of $2.88 to $2.96.
In-service occupancy at quarter end was 94.2%, down 110 basis points due to a known move-out and two developments entering service.
NAREIT funds from operations (FFO) were $0.76 per fully diluted share in 2Q 2025, up from $0.66 in 2Q 2024.
Overall cash rental rate increase for new and renewal leasing was 33%, or 38% excluding a large fixed-rate renewal.

NDAQ

Financial Services

3w

Financial Performance Summary

Annualized recurring revenue (ARR) grew 9% to $2.9 billion.
Capital Access Platforms revenue grew 9% with 6% ARR growth; Financial Technology revenue grew 10% with 11% ARR growth; Market Services net revenue grew 21%.
Expenses increased just under 8%, primarily due to timing of annual compensation.
Financial Crime Management Technology revenue grew 20% with 19% ARR growth; Regulatory Technology revenue grew 11% with 10% ARR growth; Capital Markets Technology revenue grew 8% with 9% ARR growth.
Free cash flow was $467 million; dividends paid were $155 million; $400 million debt was paid down; share repurchases totaled $100 million.
Gross leverage ratio improved to 3.2x, ahead of target milestones.
Index revenue increased 17%, driven by a 25% increase in average ETP AUM to $663 billion.
Nasdaq delivered $1.3 billion in net revenue, a 12% year-over-year increase, with Solutions revenues at $991 million, up 10%.
Operating income was $721 million, up 16%, and EPS grew 24%.
Operating margins improved: overall operating margin at 55%, EBITDA margin at 58%, Market Services margin at 63%, Financial Technology margin at 47%.