- Liquidity remained strong at over $1 billion, representing more than 50% of total equity.
- Net interest income increased due to new investments with attractive yields and swaps adding carry value.
- Over $130 million gains realized on the portfolio in Q3 from spread tightening.
- Raised $254 million in new capital in Q3, $776 million year-to-date, growing the portfolio by 10% since Q2 and over 50% since the start of the year.
- Third quarter net interest income did not include the impact of the September FOMC rate cut, expected to boost Q4 margins.
- Total economic return was 10.3% for the quarter and 11.5% year-to-date.
- Year-to-date shareholder returns were 20%, 23% over the last year, and nearly 72% over three years with dividends reinvested.
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- Average deposits were up 1% linked quarter and 6% year-over-year excluding payroll and broker deposits.
- Average loans increased by $95 million or 1% linked quarter and $327 million or 4% year-over-year.
- Net interest income increased by $2.2 million or 2% linked quarter and 4% year-over-year.
- Net interest margin was 3.27%, up 3 basis points linked quarter.
- Nonperforming loans were 27 basis points of total loans, net charge-offs were $3.3 million, down $200,000 linked quarter, and coverage ratio remained flat at 124 basis points.
- Operating earnings per share were $0.69, up 15% from the first quarter and 25% year-over-year.
- Operating expenses were $67 million, down 2% linked quarter and 7% year-over-year.
- Operating net income was $31.6 million, up 14% linked quarter and 36% year-over-year.
- Operating noninterest income was up 5% linked quarter and 8% year-over-year, driven by loan-related fees and BOLI gains.
- Operating ROTCE was 10.76%, up about 110 basis points linked quarter and year-over-year.
- Allowance for credit losses decreased slightly to $48.3 million, representing 0.97% of total loans.
- Annualized return on average assets was 1.07%, and annualized return on average tangible common equity was 14.38%.
- Capital ratios remain strong and well above regulatory thresholds; liquidity lines available totaled $2.33 billion.
- Deposits increased by $41.1 million or 0.6% on a linked-quarter basis, driven by increases in broker, commercial, and retail deposits.
- Loans as of June 30 were $4.60 billion, a linked quarter increase of $34.7 million or 0.8%.
- Net income for Q2 2025 was $21.8 million, with diluted earnings per share of $0.72, representing a 1.4% increase from Q1.
- Net interest margin increased 9 basis points to 2.95%, and net interest income increased by $414,000 to $54.3 million.
- Noninterest expense increased 5.8% linked quarter, mainly due to a $1.2 million write-off and demolition of a replaced branch.
- Noninterest income increased 12.7% linked quarter, primarily due to swap fee income and deposit services income.
- Nonperforming assets remained low at 0.39% of total assets, and classified loans decreased from $67 million to $55.4 million.
- Capital ratios increased: CET1 at 10.2%, TCE at 8.06%, both up year-over-year and sequentially.
- Commercial & Industrial (C&I) loans grew over $700 million year-to-date, driving loan growth.
- Efficiency ratio improved to below 56%, the lowest since early 2023.
- Net interest income (NII) reached a record $300 million, up 17% year-over-year.
- Net interest margin (NIM) expanded to 3.04%, up 29 basis points year-over-year and 7 basis points sequentially.
- Nonaccrual loans decreased 16%, net charge-offs were 17 basis points, and provision expense was $18 million.
- Noninterest expense was $209 million, slightly down from prior quarter, driving positive operating leverage.
- Noninterest income was $67 million, up 3% year-over-year and 14% sequentially.
- Reported earnings of $0.65 per share in Q2 2025.
- Return on tangible common equity (ROATCE) improved to 12.96%, up 62 basis points from Q1.
- Total loans grew 1% quarter-over-quarter and 3% year-over-year, or nearly 6% adjusted for loan sale.
- BOK Financial reported earnings of $140 million or EPS of $2.19 for Q2 2025.
- Fee income increased 7.2% sequentially, with record quarterly results in several fee income lines.
- Loan growth reaccelerated with a 2.5% increase quarter-over-quarter, led by commercial real estate (6.9%) and core C&I portfolios (1.1%).
- Net interest income grew for the fifth consecutive quarter with margin expansion of 2 basis points.
- Nonperforming assets decreased to $74 million, with net charge-offs minimal at $561,000 for the quarter.
- Total expenses increased by $7 million, driven by technology project costs and operational losses, while personnel expenses remained consistent.
- Credit costs remained low with a $7.5 million provision expense and net charge-offs at 6 basis points; one day 1 PCD charge-off of $17 million was recorded on an acquired relationship.
- Loan production increased 57% from about $2 billion to over $3 billion quarter-over-quarter, contributing to solid loan growth.
- Net interest income increased by $33 million over Q1, driven by loan coupon yields, securities portfolio restructuring, and lower cost of deposits.
- Noninterest expenses were $351 million, at the low end of guidance, resulting in a second quarter efficiency ratio of 49.1%, bringing the year-to-date ratio below 50%.
- Noninterest income remained stable at $87 million, with gains in correspondent business offset by a slight decline in mortgage revenue.
- SouthState reported a strong Q2 2025 with adjusted return on assets at 1.45% and return on tangible common equity near 20%, excluding merger costs.
- Tangible book value per share increased 8.5% year-over-year to $51.96 despite dilution from the IBTX merger; CET1 capital ratio improved compared to June 2024.
- Fee income was $95 million for the quarter, fully recovering from losses last quarter, with management fees of $57 million and performance fees of $39 million.
- Gross premiums written were $3.4 billion, flat year-over-year, with net premiums written at $2.7 billion, also flat, but with shifts at the class of business level.
- Operating expense ratio was 5.2%, up about 1 point from last year, reflecting continued investment in the business.
- RenaissanceRe delivered a 24% operating return on equity this quarter and grew tangible book value per share by 10% year-to-date and over 20% over the past 12 months despite significant catastrophe losses and share repurchases.
- Retained net investment income was $286 million, slightly up from the first quarter, driven by growth in invested assets and a cautious but accretive investment approach.
- Share repurchases totaled $808 million year-to-date, with 3.3 million shares repurchased, demonstrating strong capital management and conviction in stock value.
- The new 15% Bermuda corporate income tax impacted results with a tax expense of $177 million and an effective tax rate on GAAP net income of 13%.
- Underwriting income was $602 million, up 26% from last year, with an adjusted combined ratio of 73%, reflecting low catastrophe losses and favorable development.
- Asset quality remained strong with net charge-offs at 13 basis points ($18 million), slightly higher than the prior quarter's 11 basis points.
- Deposits grew by over $1.5 billion, with noninterest-bearing deposits outpacing time deposits on a percentage basis.
- East West Bancorp reported record quarterly revenue, net income, and earnings per share in Q3 2025.
- Efficiency ratio for Q3 was 35.6%, reflecting strong expense control despite investments for growth.
- Fee income hit a record $92 million, up 13% year-over-year, with wealth management fees growing 36%.
- Net interest income (NII) reached a record $677 million, including $32 million from discount accretion and interest recoveries; adjusted NII was $645 million.
- Nonperforming assets stood at 25 basis points, and criticized loans declined to 2.14%.
- Operating expenses were $261 million, including a $27 million one-time compensation charge related to equity awards for retirement-eligible employees.
- Manufactured housing same-property NOI increased 7.7% with occupancy up 60 basis points to 97.6%.
- Returned over $830 million to shareholders through special cash distribution and share repurchases.
- RV same-property NOI declined 1.1%, with a 0.9% revenue increase offset by a 3.1% expense increase.
- S&P Global upgraded Sun's credit rating to BBB+ and Moody's to Baa2, citing deleveraging and balance sheet strength.
- Sun Communities reported core FFO per share of $1.76 for Q2 2025, exceeding the high end of guidance.
- Sun paid down approximately $3.3 billion of debt during the quarter, improving balance sheet strength.
- Total North American same-property NOI grew 4.9% in Q2, driven primarily by manufactured housing and cost savings initiatives.
- U.K. same-property NOI increased 10.2% with revenue up 9.5%, partially offset by an 8.8% increase in expenses due to minimum wage hikes.
- Weighted average interest rate on debt was 3.4% with a weighted average maturity of 7.6 years and no floating rate debt outstanding.
- Adjusted diluted EPS grew 10% year-over-year.
- Adjusted expenses increased moderately across divisions, driven by compensation, currency translation, and strategic investments.
- Adjusted expenses increased modestly across divisions, driven by compensation, currency translation, and strategic investments.
- Commodity Insights revenue grew 8%, with Energy & Resources Data & Insights up 10%; operating margin improved by 130 basis points to 48.6%.
- Commodity Insights revenue increased 8%, with Energy & Resources Data & Insights growing 10%.
- Energy Transition and Sustainability revenue grew 7% to $93 million in the quarter.
- Market Intelligence division achieved 7% organic constant currency revenue growth and more than 200 basis points of margin expansion in the quarter.
- Market Intelligence division achieved 7% organic constant currency revenue growth and over 200 basis points of margin expansion.
- Market Intelligence reported 5% revenue growth with 7% organic constant currency growth; operating margin improved by 240 basis points to 35.3%.
- Market Intelligence revenue increased 5% reported and 7% organic constant currency; operating margin improved by 240 basis points to 35.3%.
- Mobility revenue increased 10% year-over-year; margins improved 140 basis points to 42.3%.
- Private Market revenue increased 11% year-over-year to $148 million.
- Private markets revenue showed strong growth, led by private credit within Ratings.
- Ratings revenue increased 1% year-over-year, with transaction revenue down 4% and non-transaction revenue up 8%.
- Ratings revenue increased 1% year-over-year, with transaction revenue down 4% but non-transaction revenue up 8%.
- Revenue increased 6% year-over-year in the second quarter, with subscription revenue increasing 7%.
- S&P Dow Jones Indices revenue increased 15%, driven by Asset-Linked Fees up 17% and Exchange-Traded Derivatives revenue up 15%.
- S&P Dow Jones Indices revenue increased 15%, driven by Asset-Linked Fees up 17% and Exchange-Traded Derivatives revenue up 15%; operating margin improved 60 basis points to 71.3%.
- S&P Global reported 6% year-over-year revenue growth in Q2 2025, with subscription revenue up 7%.
- Trailing 12-month margin expanded by 150 basis points driven by disciplined expense management and strategic investments.
- Trailing 12-month margin expansion of 150 basis points was delivered through strategic investments and disciplined expense management.
- Commercial and money movement solutions revenue grew 13% year-over-year in constant dollars; commercial payments volume grew 7%.
- Consumer payments revenue was driven by strong payments volume, cross-border volume, and processed transaction growth.
- Cross-border volume, excluding intra-Europe, rose 11% in constant dollars; processed transactions grew 10% year-over-year.
- EPS was $2.98, up 23% over last year, with minimal impacts from exchange rates and acquisitions.
- Nonoperating income was $191 million, helped by investment income from higher cash balances.
- Operating expenses grew 13%, higher than expected due to lower FX benefit and higher personnel expenses.
- Overall payments volume grew 8% year-over-year in constant dollars; U.S. payment volume grew 7%, international payments volume grew 10%.
- Tax rate for the quarter was 17.3%, in line with expectations.
- Value-added services revenue was $2.8 billion, up 26% year-over-year in constant dollars.
- Visa delivered net revenue of $10.2 billion, up 14% year-over-year, and EPS up 23% year-over-year.
- Visa Direct transactions grew 25% year-over-year to 3.3 billion transactions.
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