Dafinchi AI

FITB

Financial Services

1mo

Adjusted noninterest expense increased 4% year-over-year but decreased 4% sequentially, excluding deferred compensation mark-to-market.
Adjusted pre-provision net revenue (PPNR) increased 10%, with 250 basis points of positive operating leverage for the third consecutive quarter.
Adjusted return on assets was 1.2%, adjusted return on tangible common equity was 18%, and efficiency ratio was 55.5%.
Adjusted revenues grew 6% year-over-year, led by 7% growth in net interest income (NII).
Average loan growth was 5% year-over-year across diversified platforms despite industry headwinds.
Common Equity Tier 1 (CET1) ratio was 10.6%, up 13 basis points, with pro forma including AOCI at 8.6%, up 60 basis points year-over-year.
Net charge-offs were 45 basis points, at the bottom of guidance and improved year-over-year.
Net interest margin expanded 9 basis points sequentially, with NII growing 7% year-over-year and 4% sequentially.
Noninterest income increased 8% year-over-year, adjusted noninterest income up 3%, led by wealth fees and consumer banking fees growth.
Nonperforming assets (NPAs) declined 11% sequentially, led by an 18% decline in commercial NPAs.
Provision expense included a $34 million build in allowance for credit losses due to macroeconomic scenario deterioration.
Reported earnings per share of $0.88, or $0.90 excluding certain items, exceeding consensus estimates.
Tangible book value per share increased 18% year-over-year and 5% sequentially.

APLE

Financial Services

Adjusted EBITDAre was approximately $133 million for Q2 2025, down about 6% year-over-year.
Adjusted hotel EBITDA for comparable hotels was $142 million in Q2 2025, down approximately 5% year-over-year.
Comparable hotels total revenue was $380 million for Q2 2025, slightly down from Q2 2024.
MFFO for Q2 2025 was approximately $112 million or $0.47 per share, down 6% on a per share basis compared to Q2 2024.
Q2 2025 comparable hotels RevPAR was $129, down 1.7% compared to Q2 2024, with ADR at $164 and occupancy at 79%.
Total hotel expenses increased by 2.8% for Q2 2025, with payroll per occupied room up 3% to $39.
Year-to-date through June, comparable hotels RevPAR was $120, down 1.1%, ADR was $160 (up 0.4%), and occupancy was 75%.

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