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East West Bancorp, Inc.

EWBC

Financial Services

4d

Financial Performance Summary

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.

Northern Trust Corporation

NTRS

Financial Services

3mo

Financial Performance Summary

Asset Servicing fees increased 6% year-over-year to $692 million, with assets under custody and administration reaching $16.9 trillion, up 9% year-over-year.
Capital ratios remained strong with a common equity Tier 1 ratio of 12.2% and Tier 1 leverage ratio of 7.6%.
Expenses increased 4.8% year-over-year excluding notable items, the lowest rate of growth in six quarters.
Net interest income on an FTE basis was a record $615 million, up 7% sequentially and 16% year-over-year.
Northern Trust reported second quarter net income of $421 million, earnings per share of $2.13, and a return on average common equity of 14.2%.
Provision for credit losses increased to $16.5 million, mainly due to reserves for a small number of nonperforming loans, expected to normalize in future quarters.
Returned $486 million to shareholders through dividends and share repurchases, reflecting a payout ratio of 117%.
Revenue grew 8% year-over-year excluding notables, with trust, investment and other servicing fees totaling $1.2 billion, a 6% increase compared to last year.
Wealth Management assets under management were $469 billion, up 12% year-over-year, with pretax profit increasing 18% over the prior year period.

Fidelity National Information Services, Inc.

FIS

Financial Services

2mo

Financial Performance Summary

Adjusted EBITDA grew 5%, exceeding the top end of the outlook, with margins improving 200 basis points sequentially.
Adjusted EPS was $1.36, meeting expectations despite higher depreciation and amortization expenses.
Banking EBITDA margin contracted 70 basis points due to an $8 million bad debt charge; Capital Markets margin contracted 50 basis points due to acquisition-related dilution.
Banking revenue grew 6%, above the high end of guidance, driven by commercial excellence and strong client retention.
Capital Markets revenue grew 5%, slightly below expectations due to temporary slowdown in loan syndication activity.
FIS delivered 5% revenue growth in Q2 2025, accelerating from 4% in Q1, driven primarily by momentum in the Banking segment.
Free cash flow was $292 million with a cash conversion rate of 52% in Q2, and 61% year-to-date, improving from 53% prior year.
Leverage increased modestly to 3x, or 2.9x excluding currency impacts, with a long-term target of 2.8x.
Recurring revenue represented 81% of total revenue, growing 6% overall with 7% growth in Banking recurring revenue.

Eastern Bankshares, Inc.

EBC

Financial Services

3mo

Operating Earnings Increase

$81.7 million

Operating earnings were $81.7 million, an increase of 21% from the first quarter.

Urban Edge Properties

UE

Financial Services

2mo

Financial Performance Summary

Adjusted EBITDA to interest expense ratio increased to 3.7x, up nearly 30% from 2.9x a year ago.
FFO as adjusted for the quarter was $0.36 per share.
FFO as adjusted increased by 12% over last year and 8% year-to-date.
Liquidity remains strong with approximately $800 million total liquidity including $118 million in cash.
Net debt to annualized EBITDA was 5.5x in the second quarter.
Same-property net operating income (NOI) increased by 7.4% for the quarter and 5.6% year-to-date.
Same-property NOI growth was driven by higher rental revenue, net recoveries, and year-end CAM reconciliation billings.
Same-property occupancy increased to 96.7%, up 10 basis points from the prior quarter.
Shop occupancy rate reached a record high of 92.5%, up 270 basis points over the prior year.
Year-to-date asset sales totaled $66 million at a blended cap rate of 4.9%.

KKR

Financial Services

2mo

Financial Performance Summary

Fee-related performance revenues were $54 million, up 45% year-over-year, driven by offshore Infrastructure K-Series vehicle performance allocation.
Fee-related performance revenues were $54 million, up 45% year-over-year, driven by performance allocation from offshore Infrastructure K-Series vehicle.
FRE margin improved by 360 basis points to 69%, and FRE per share increased 33% over the last 12 months.
FRE margin improved by 360 basis points to 69%, and FRE per share increased 33% over the last 12 months ending June 30, 2025.
Insurance segment operating earnings were $278 million, modestly ahead of prior guidance of $250 million plus/minus, with all-in pretax ROE approaching 20%.
Insurance segment operating earnings were $278 million, modestly ahead of prior guidance of $250 million plus/minus, with pretax ROE approaching 20% when including related economics.
KKR reported fee-related earnings (FRE) of $0.98 per share, total operating earnings (TOE) of $1.33 per share, and adjusted net income (ANI) of $1.18 per share for Q2 2025, all among the highest in company history.
Management fees in Q2 were $996 million, up 18% year-over-year, driven by Americas XIV fund activation and broader fundraising and deployment initiatives.
Private equity portfolio appreciated 5% in the quarter and 13% over 12 months; Real Assets and Credit portfolios showed positive returns across sub-segments.
Private equity portfolio appreciated 5% in the quarter and 13% over the last 12 months; Real Assets and Credit portfolios also showed positive returns.
Realized performance income was $419 million and realized investment income was $154 million, driven by public secondary sales, private transactions, and K-PRIME crystallization.
Strategic Holdings operating earnings were $29 million, with nearly 80% of segment earnings driven by recurring earnings streams.
Strategic Holdings operating earnings were $29 million, with nearly 80% of segment earnings from recurring streams over the last 12 months.
Total transaction and monitoring fees were $234 million, with $200 million from Capital Markets, over half from European activities.
Total transaction and monitoring fees were $234 million, with Capital Markets transaction fees at $200 million, over half from European activities.

Dynex Capital, Inc.

DX

Financial Services

5d

Financial Performance Summary

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.

EZPW

Financial Services

2mo

Financial Performance Summary

Adjusted EBITDA rose 42% to $45.2 million with EBITDA margin expanding 280 basis points to 14.1%.
Diluted EPS increased 38% to $0.33, driven by operating leverage in the business model.
EBITDA for U.S. Pawn increased 31% to $50.3 million with margin expansion of 360 basis points to 23%.
EZCORP delivered record third quarter revenue of $319.9 million, up 14% year-over-year.
Gross profit rose 13% to $188.4 million, maintaining a gross margin of 59%.
Inventory increased 32% year-over-year, driven by higher purchasing activity, layaways, and lower inventory turns.
Jewelry now accounts for 67% of PLO and 65% of inventory in the U.S., driven by higher gold prices.
Latin America EBITDA rose 28% to $15.5 million with margin expansion of 90 basis points to 15%.
Latin American segment revenue increased 21% to $99.9 million, with PLO up 16% year-over-year.
Merchandise sales grew 10% with same-store sales up 9%, supported by strong customer demand.
Pawn loans outstanding (PLO) reached an all-time high of $293.2 million, up 12% year-over-year.
U.S. pawn segment revenue increased 11% to $220 million, with earning assets up 21% to $387.4 million.