- Adjusted consolidated revenue grew 14% year-over-year.
- Adjusted earnings per share (EPS) of $1.70 for Q3 2025, a 27% increase year-over-year.
- Commercial revenue increased 29%, with a record average revenue per order of over $16,000.
- GAAP earnings per diluted share were $1.84.
- Home Warranty pretax income rose 80%, driven by a lower loss rate.
- Investment income grew 12% to $153 million, with net investment gains of $6 million compared to losses last year.
- Purchase revenue declined 2% due to reduced demand for new homes.
- Refinance revenue increased 28%, though it accounted for only 6% of direct revenue.
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- Capital position remains solid with CET1 at 11.3%, repurchased 522,000 shares at $16.9 average price, and tangible book value per share grew 9.5% annualized linked quarter.
- Deposits declined $191 million or 2.9%, influenced by seasonal trends and shifts in municipal and noninterest-bearing balances.
- Net interest income was $254.9 million, up $3.7 million linked quarter, with net interest margin increasing 4 basis points to 3.47%.
- Noninterest expense was $187.6 million, slightly up linked quarter but below the expected $190-$195 million range for the remaining quarters.
- Noninterest income was $69.1 million, with broad-based linked quarter growth and fee income up 7% excluding equity method adjustments.
- Operating earnings for Q2 2025 were $106 million or $0.55 per share, a record for the company and a $0.03 linked quarter increase.
- Provision expense declined $5.3 million linked quarter to $8.6 million, with stable credit metrics and cautious outlook.
- Total loans grew $150 million or 2.5%, primarily in residential mortgage, home equity, and certain commercial categories.
- Total revenue increased linked quarter driven by growth in net interest income and fee income.
- Adjusted EBITDA reached a record $126 million, up 63% from $77 million a year ago.
- Commissions and related expenses as a percentage of revenue improved by 80 basis points to 81.84%.
- Compass delivered all-time high revenue of $2.06 billion in Q2 2025, a 21.1% year-over-year increase.
- Free cash flow hit a record $68 million, improving from $40.4 million in Q2 2024 despite a $28.75 million class action settlement payment.
- GAAP net income was $39.4 million, a 90% increase from $20.7 million in the prior year quarter.
- Market share rose to 6.09%, up 96 basis points year-over-year and 8 basis points sequentially.
- Non-GAAP operating expenses increased to $250 million, driven by acquisitions including Christie's International Real Estate.
- Total transactions increased 20.9% year-over-year, with organic transactions up 6.3%, outperforming the market decline of 0.9%.
- Controllable expenses decreased 3.7% year-over-year and were flat year-to-date, driven by lower marketing, administrative, and repairs and maintenance costs.
- Net debt-to-EBITDA was 11.3x trailing 12 months, not reflecting recent asset sales and contracts.
- Net income available to common shareholders was $0.12 per fully diluted share in Q2 versus $0.03 prior year and a net loss of $0.12 in Q1.
- Non-controllable expenses were down 3.2% year-over-year and 2.6% year-to-date due to lower insurance and real estate tax expenses.
- Same Store NOI grew 5.6% in the quarter and 4.4% year-to-date.
- Same Store rental revenue was up 2.5% for the quarter, or 3.8% excluding Liberty Towers and other income recognized last year.
- Second quarter Core FFO was $0.17 per share, up $0.01 from the first quarter, including $0.01 of nonrecurring other income and property management expense savings.
- Weighted average effective interest rate was 4.86%, a reduction of over 20 basis points prior to the credit facility amendment.
- Year-to-date Core FFO was $0.33 per share versus $0.32 last year.
- 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%.
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