Dafinchi AI

Eastern Bankshares, Inc.

EBC

Financial Services

3w

Financial Performance Summary

Allowance for loan losses increased to $232 million or 127 basis points of total loans.
Capital ratios remained strong with CET1 at 14.4% and TCE at 10.8%.
Deposits grew 8% annualized with stable deposit costs.
Deposits totaled $21.2 billion, increasing $424 million from prior quarter.
Loan growth was 8% annualized, driven by profitable organic growth and strategic hiring.
Loans increased by $385 million, led by commercial lending growth.
Net income was $100.2 million or $0.50 per diluted share, with operating earnings of $0.41 per diluted share.
Net interest income increased 7% from Q1 to $202 million ($206.8 million FTE).
Net interest margin expanded by 21 basis points to 3.59%.
Noninterest expense increased to $137 million due to higher operating expenses and merger-related costs.
Noninterest income was $42.9 million compared to a loss in Q1 due to investment portfolio repositioning.
Nonperforming loans improved to 30 basis points with no net charge-offs.
Operating earnings were $81.7 million, a 21% increase from the first quarter.
Operating efficiency ratio improved to 50.8% due to higher revenues and effective expense management.
Operating return on average assets increased by 21 basis points to 1.3%.
Operating return on average tangible equity rose from 11.7% to 13.6%.
Provision for loan losses was $7.6 million, up from $6.6 million.
Tangible book value per share increased 4% to $12.53.
Total assets reached $25.5 billion, up 2% from March 31.
Wealth management assets under management reached a record $8.7 billion.

MGIC Investment Corporation

MTG

Financial Services

2w

Financial Performance Summary

Account-based delinquency rate decreased 9 basis points to 2.21%, consistent with seasonal trends.
Adjusted net operating income was $0.82 per diluted share, up from $0.77 last year.
Annual persistency was 85%, remaining flat over the past two quarters.
Book value per share increased 13% year-over-year to $22.11.
Favorable loss reserve development of $54 million was recorded due to better-than-expected cure rates on delinquency notices.
In Q2 2025, MGIC recorded net income of $193 million and an annualized return on equity of 15%.
Net investment income was $61 million, with a book yield on the portfolio of 4%, relatively flat quarter-over-quarter.
Operating expenses were $52 million, down from $55 million last year, including a $4 million pension-related accounting charge.
The company wrote $16 billion of new insurance, with insurance in force ending at $297 billion.

Wintrust Financial Corporation

WTFC

Financial Services

3w

Record Quarterly Net Income and Net Interest Income Achieved

Wintrust reported a record quarterly net income of $195.5 million, up from $189 million last quarter.
Net interest income also reached a quarterly record of $547 million, driven by broad-based loan growth of $2.3 billion.
Management emphasized the strong financial performance and consistent results aligned with expectations.

American Express Company

AXP

Financial Services

4w

Financial Performance Summary

American Express reported record revenues of $17.9 billion, up 9% year over year in Q2 2025.
Capital position remains strong with CET1 ratio at 10%, stress capital buffer at the lowest permissible 2.5%, and ROE of 36%.
Delinquency rates remained flat and write-off rates declined, reflecting strong credit quality.
Earnings per share were $4.08, up 17% excluding last year's gain from the sale of the certified portfolio.
Net card fees reached record levels, up 20% FX adjusted, more than doubling since 2019.
Net interest income grew at a double-digit pace driven by balance sheet growth and margin expansion.
Operating expenses grew 9% excluding certified, driven by investments in risk management and technology, but operating leverage improved with expenses as a percentage of revenue down from 25% to 21%.
Reaffirmed full-year guidance of 8% to 10% revenue growth and EPS between $15 and $15.50.
Returned $2 billion to shareholders including $0.6 billion dividends and $1.4 billion share repurchases.
Total card member spending increased 7%, with strong growth in goods and services and restaurant spending, offset by softer airline and lodging spend.