- Adjusted earnings per share were $0.74, with a return on assets of 1.54% and return on tangible common equity of 20%.
- Adjusted noninterest expenses increased 1% from Q1, with expense management efforts keeping year-over-year increases under 2% excluding leasing expenses.
- Adjusted noninterest income increased 11% over the linked quarter to $67.8 million, driven by mortgage, bankcard, leasing, and foreign exchange income.
- Asset quality remained stable with net charge-offs declining 15 basis points to 21 basis points of total loans and classified assets flat at 1.15% of total assets.
- First Financial Bancorp achieved record revenue of $226.3 million in Q2 2025, a 5% increase year-over-year.
- Loan growth was 2% annualized, with broad-based growth except for commercial real estate which declined due to higher payoffs.
- Net interest margin was strong at 4.05%, up 17 basis points from Q1, driven by a 5 basis point increase in asset yields and a 12 basis point decline in funding costs.
- Tangible common equity increased 16% year-over-year to 8.4%, and tangible book value per share rose 4% sequentially to $15.40.
- The Board approved a 4.2% increase in the common dividend to $0.25 per share, maintaining a payout ratio of approximately 35% of net income.
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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.
- Expect to hold expenses flat at approximately $96.5 million in Q4 and into 2026.
- Factoring business touches 6-7% of all trucks on the road in the for-hire market.
- Factoring segment revenue growth targeted at 20% for next year, up from mid to high single digits.
- Invested $110 million in technology, maintaining a high tech spend relative to expense base.
- LoadPay revenue per funded account currently at $750, with some accounts generating $4,000-$5,000 annually.
- Payments business continued revenue growth despite tough market conditions.
- Payments volume from major partners like C.H. Robinson and RxO onboarded but revenue ramping up gradually.
- Restructuring efforts led to a 5% reduction in expense base, mostly realized in Q4.
- Capital allocated to legacy investments reduced by 17% since March 31, 2025.
- Core segment's earnings available for distribution (EAD) was $25 million or $0.18 per share, with a 14.5% annualized ROE, compared to $28 million or $0.20 per share in Q1.
- CoreVest Mortgage Banking achieved $6 million segment net income and a 34% annualized EAD ROE.
- GAAP book value per share declined to $7.49 at June 30, 2025, from $8.39 at March 31, 2025.
- Legacy investments recorded a $104 million loss, driven by negative fair value adjustments and accelerated asset sales.
- Mortgage banking platforms delivered combined returns exceeding 20% and gain on sale margins above target for the fourth consecutive quarter.
- Mortgage banking revenue increased 88% year-over-year.
- Redwood reported a GAAP net loss of $100.2 million or $0.76 per share for Q2 2025, primarily due to accelerated wind down of legacy portfolio and associated fair value changes.
- Sequoia Mortgage Banking generated $22 million segment net income with a 19% annualized ROE; Aspire loan volumes tripled sequentially to $330 million.
Dafinchi