Dafinchi AI

Douglas Elliman Inc.

DOUG

Financial Services

2w

Financial Performance Summary

Adjusted EBITDA for the 6 months ended June 30, 2025, was $259,000 compared to a loss of $14.7 million in the 2024 period.
Adjusted EBITDA for the second quarter was a loss of $849,000 compared to positive $2.9 million in the 2024 second quarter.
Adjusted net loss for the 6 months ended June 30, 2025, was $7.1 million or $0.08 per share compared to $23.6 million or $0.28 per share in the 2024 period.
Adjusted net loss for the second quarter was $4.7 million or $0.06 per share compared to $532,000 or $0.01 per share in the 2024 second quarter.
Cash and cash equivalents were approximately $136 million at June 30, 2025, providing ample liquidity.
Development marketing revenue increased to $35.4 million in the first half of 2025 from $17.7 million in the first half of 2024.
Douglas Elliman's revenues increased by 8% year-over-year to $524.8 million in the first half of 2025, marking the strongest first half revenue performance since 2022.
For the 6 months ended June 30, 2025, net loss was $28.7 million or $0.34 per diluted share compared to $43.1 million or $0.52 per diluted share in the 2024 period.
Net loss for the second quarter of 2025 was $22.7 million or $0.27 per diluted share compared to $1.7 million or $0.02 per diluted share in the second quarter of 2024.
Revenues from existing home sales in New York and Northeast markets increased by $16.8 million or 7.9% from the 2024 first half.

Horizon Bancorp, Inc.

HBNC

Financial Services

3w

Financial Performance Summary

Capital ratios and tangible book value per share increased linked quarter driven by improved profitability and strategic balance sheet repositioning.
Consumer loan balances decreased by $41 million due to strategic run down of indirect auto portfolio; residential mortgage lending modestly grew.
Credit quality remained strong with substandard loans at 1.29%, nonperforming loans at 54 basis points, and net charge-offs near $254,000 or 2 basis points for the quarter.
Horizon Bancorp reported strong second quarter 2025 earnings driven by core community banking franchise strength, significant net interest margin expansion, low net charge-offs of 2 basis points annualized, and improved ROAA and ROATCE metrics.
Loan growth was solid with net loans held for investment growing $75.5 million or 1.5% in the quarter and 6.2% annualized, led by commercial loans growth of $117 million (14.8% quarterly growth).
Net interest margin increased by 19 basis points to 3.23%, including 7 basis points of outsized interest recoveries; excluding recoveries, margin expanded driven by improved asset and liability mix and disciplined pricing.
Noninterest income was stable with seasonal strength in interchange fees and mortgage gain on sale; expenses were well managed at $39.4 million, with full year expense outlook now approximately flat versus 2024.
Reported earnings per share grew by 58% for the first six months of 2025 compared to the prior year.

Xenia Hotels & Resorts, Inc.

XHR

Financial Services

2w

Financial Performance Summary

Excluding Grand Hyatt Scottsdale, hotel EBITDA increased 11.5% and hotel EBITDA margin increased 148 basis points.
Food and beverage revenues from groups grew significantly, contributing to an 11% increase in same-property total RevPAR.
Group room revenues increased 15.6% year-over-year, or 7.6% excluding Grand Hyatt Scottsdale.
Property tax refunds of approximately $1.5 million positively impacted EBITDA margin by about 60 basis points.
Rooms department expenses increased just over 3% on 0.4% RevPAR growth; food and beverage revenue growth was 12.7%, banquet revenue growth nearly 20%.
Same-property hotel EBITDA was $84 million, 22.2% above 2024 levels, with a hotel EBITDA margin increase of 269 basis points.
Same-property RevPAR increased 4% driven by a 140 basis point increase in occupancy and a 2% increase in average daily rate.
Second quarter same-property total revenue increased 11% compared to Q2 2024.
Xenia Hotels & Resorts reported net income of $55.2 million for Q2 2025, with adjusted EBITDAre of $79.5 million and adjusted FFO per share of $0.57, a 9.6% increase year-over-year.

OFG

Financial Services

4w

Financial Performance Summary

Capital ratios remained strong with CET1 at 13.99% and tangible common equity ratio at 10.20%.
Core revenues totaled $182 million, with total interest income of $194 million and interest expense of $42 million.
Net charge-offs were $13 million, down $7.6 million sequentially, with a net charge-off rate of 0.64%.
Net interest margin was 5.31%, slightly down from 5.42%, impacted by increased liquidity and wholesale funding.
Noninterest expenses were $94.8 million, in line with guidance of $95-96 million for 2025.
Record assets exceeded $12 billion and loans surpassed $8 billion, with strong loan origination and core deposit flows.
Return on average assets was 1.73% and return on average tangible common equity was 17%.
Second quarter earnings per share diluted was $1.15, a 6.5% increase year-over-year, driven by a 1.5% increase in total core revenue.
Tangible book value per share was $27.67, and efficiency ratio was 52%.

Comerica Incorporated

CMA

Financial Services

4w

Financial Performance Summary

Average deposits declined just over 1%, with non-interest bearing deposits stable at 38%.
Average loans grew almost 1% for the quarter and period-end loans increased approximately 3%.
Capitalization remained strong with an estimated CET1 ratio of 11.94%, well above the 10% strategic target.
Net charge-offs were 22 basis points, at the low end of the normal range and flat quarter-over-quarter.
Net interest income remained stable at $575 million for the third consecutive quarter.
Non-interest expenses decreased $23 million due to lower litigation expenses and salaries, with some offsetting increases in advertising and outside processing.
Non-interest income increased $20 million driven by higher loan volumes, capital markets income, and seasonal benefits.
Reported earnings per share of $1.42, a nearly 14% increase over the prior quarter.
Returned $193 million to shareholders through dividends and share repurchases, including $100 million in share repurchases in Q2.

Simon Property Group, Inc.

SPG

Financial Services

1w

Financial Performance Summary

Average base minimum rent for Malls and Outlets increased 1.3% year-over-year; Mills increased 0.6%.
Domestic property NOI increased 4.2% year-over-year for the quarter and 3.8% for the first half of the year.
Funds from operation were $1.19 billion or $3.15 per share, an 8.6% increase from $1.09 billion or $2.90 per share last year.
Malls and Premium Outlets occupancy ended at 96.0%, up 10 basis points sequentially and 40 basis points year-over-year.
Occupancy costs remained flat sequentially at 13.1%.
Portfolio NOI, including international properties at constant currency, grew 4.7% for the quarter and 4.2% for the first half.
Real estate FFO was $3.05 per share in Q2 2025, up 4.1% from $2.93 in prior year.
Sales per square foot for Malls and Premium Outlets were $736 for the quarter.
Second quarter results included a $0.21 per share noncash after-tax gain from Catalyst Brands' deconsolidation of Forever 21 and a $0.13 per share noncash loss from mark-to-market adjustment on exchangeable bonds.
The Mills achieved a record 99.3% occupancy, up 90 basis points sequentially and 110 basis points year-over-year.

The PNC Financial Services Group, Inc.

PNC

Financial Services

1mo

Financial Performance Summary

Capital ratios remain strong with CET1 ratio at 9.4% including AOCI, and stress capital buffer at regulatory minimum of 2.5%.
Loans grew 2% quarter-over-quarter, driven by strong commercial loan growth and highest new production in ten quarters.
Net interest income rose 2% to $3.6 billion, with net interest margin increasing by 2 basis points to 2.8%.
Non-interest income increased 7%, driven by capital markets, card and cash management, and Visa-related activities.
Non-performing loans decreased by $180 million, delinquencies declined 9%, and net loan charge-offs were $198 million, down $7 million.
PNC reported net income of $1.6 billion or $3.85 per diluted share for Q2 2025.
Returned approximately $1 billion to shareholders through dividends and share repurchases in the quarter.
Revenue increased 4% while non-interest expenses remained stable, resulting in 10% growth in pre-provision net revenue (PPNR).
Tangible book value increased 4% linked quarter and 17% year-over-year to approximately $104 per common share.