1.28 million shares were repurchased in Q2 at an average price of $17.30.
Allowance for credit losses was $78 million or 0.93% of gross loans, slightly down from Q1.
Net charge-offs were $249,000 in Q2 compared to net recoveries in Q1; classified loans decreased to $73.42 million.
Net earnings for Q2 2025 were $50.6 million or $0.36 per share, consistent with prior quarters, marking 193 consecutive quarters of profitability.
Net interest income increased by $1.2 million from Q1 2025 to $111.6 million, with net interest margin stable at 3.31%.
Noninterest expense decreased by $1.6 million to $57 million, improving the efficiency ratio to 45.6%.
Noninterest income was $14.7 million, down $1.5 million from Q1 2025 due to absence of a $2.2 million gain on OREO sales.
Return on average tangible common equity was 14.08% and return on average assets was 1.34%.
Shareholders' equity increased by $11 million to $2.24 billion; tangible common equity ratio remained at 10%.
Total deposits and customer repurchase agreements grew to $12.4 billion, up $123 million from Q1 2025 and $330 million year-over-year.
Total loans declined slightly to $8.36 billion, with growth in commercial real estate and single-family loans offset by declines in C&I and dairy and livestock lines.
Adjusted pretax operating loss for All Other was $16.4 million, primarily due to mark-to-market changes on residential mortgage loans held for sale.
Book value per share increased 12% year-over-year to $33.18, including $2.02 of unrealized net loss on investments expected to accrete over time.
Operating expenses totaled $89 million for the quarter, with full-year 2025 expenses expected at $320 million, an 8% decrease from 2024.
Primary mortgage insurance in force grew to an all-time high of $277 billion, with new insurance written at $14.3 billion, a 3% increase year-over-year.
Provision for losses was a net expense of $12 million, down from $15 million in Q1, supported by strong cure activity and low claim levels.
Radian reported net income of $142 million in Q2 2025, with a return on equity of 12.5%.
Total revenues were $318 million, with net premiums earned at $234 million, consistent with previous quarters.
Dafinchi