- Adjusted EPS increased 48% year-over-year to $3.23, driven by efficient marketing, lower cost of funds, and operating leverage.
- Combined loan and finance receivables reached a record $4.3 billion, with 65% from small business and 35% from consumer portfolios.
- Cost of funds declined to 8.8%, 15 basis points lower sequentially, supported by strong capital markets execution.
- Credit quality remained solid with a consolidated net charge-off ratio of 8.1%, improving 50 basis points sequentially but slightly higher than the prior year due to consumer trends.
- Enova reported strong second quarter 2025 results with revenue of $764 million, a 22% year-over-year increase and 2% sequential growth.
- Liquidity remained strong at $1.1 billion, including $388 million in cash and marketable securities and $712 million available on debt facilities.
- Operating expenses were 32% of revenue, down from 34% a year ago, with marketing at 19% of revenue and technology and operations expenses at 8%.
- Originations rose 28% year-over-year to $1.8 billion, with small business originations at a record $1.2 billion and consumer originations growing 15% year-over-year.
- Small business credit metrics remained stable and strong, while consumer net charge-off ratio declined sequentially to 14.5%, within historical ranges.
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- Adjusted EBITDA rose 32.1% to $114 million, with an improved margin of 15%, up 139 basis points.
- Adjusted EPS increased by 40.9% to $0.31 from $0.22, demonstrating strong operating leverage.
- Capital Markets revenues surged 37.9%, reflecting a 135% increase in total debt volumes compared to 38% industry growth, and investment sales volumes rose 26% versus 11% industry growth.
- Cash and cash equivalents ended at $195.8 million with net leverage of 1.4x; cash generated by the business was $133.9 million.
- Introduced adjusted free cash flow metric showing $228 million for the 12 months ended June 2025, a 121.4% year-over-year improvement.
- Leasing revenues increased 13.8%, led by double-digit growth in retail volumes and improving office activity in key gateway markets.
- Management services, servicing and other revenues grew 13.6%, driven by 30% growth in Valuation and Advisory and improvements in servicing and asset management.
- Newmark delivered strong revenue growth of 19.9% in Q2 2025, with total revenues reaching $759.1 million compared to $633.4 million a year earlier.
- The company repurchased approximately 10.8 million shares for $125.5 million at $11.58 per share, reducing fully diluted weighted average share count by 1.2% to 252.6 million.
- AGNC reported a comprehensive loss of $0.13 per common share for Q2 2025.
- Asset portfolio grew to $82 billion, up $3.5 billion from prior quarter, with a focus on higher coupon specified pools.
- Average projected life CPR declined to 7.8% from 8.3%, while actual CPRs averaged 8.7%, up from 7% in prior quarter.
- Dividends declared were $0.36 per common share, with a $0.44 decline in tangible net book value per share.
- Economic return on tangible common equity was negative 1%.
- Liquidity position improved to $6.4 billion in cash and unencumbered Agency MBS, representing 65% of tangible equity.
- Net interest rate spread decreased 11 basis points to 201 basis points largely due to higher swap costs.
- Net spread and dollar roll income declined to $0.38 per common share due to slower capital deployment and higher swap costs.
- Quarter-end leverage increased slightly to 7.6x tangible equity from 7.5x in Q1.
- Allowance for credit losses was 10.35% of loan receivables, down 24 basis points from prior quarter.
- Capital ratios improved with CET1 at 13.7%, Tier 1 capital ratio at 14.9%, and total capital ratio at 17%.
- Efficiency ratio increased 140 basis points to 32.6% due to higher expenses and RSAs impact.
- Net earnings of $1.1 billion or $2.86 per diluted share in Q3 2025.
- Net interest income increased 2% to $4.7 billion, with net interest margin up 58 basis points to 15.62%.
- Provision for credit losses decreased by $451 million to $1.1 billion, driven by lower net charge-offs and reserve releases.
- Purchase volume grew 2% year-over-year to $46 billion across five platforms.
- Return on average assets was 3.6%, and return on tangible common equity was 30.6%.
- Adjusted diluted EPS was $3.56, up 9% year-over-year and 60% higher than the same quarter three years ago.
- Adjusted operating margin improved to 50.9%, up 130 basis points from the prior year.
- Annualized compensation expense declined 4% year-to-date, supporting margin expansion efforts.
- MIS revenue was flat year-over-year, just shy of $1 billion for the second consecutive quarter, with adjusted operating margin expanding 100 basis points to 64.2%.
- Moody's Analytics revenue grew 11% with recurring revenue up 12%, and adjusted operating margin expanded 360 basis points to 32.1%.
- Moody's reported second quarter 2025 revenue of $1.9 billion, a 4% year-over-year increase despite a challenging issuance environment in April.
- Private credit-related revenue in MIS grew 75% year-over-year, contributing to flat revenue growth despite a 12% decline in issuance volume.
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