Earnings Feed

$2 trillion

We also built on the momentum of our first quarter financial results. We continue to deliver profitable growth with adjusted operating income up 3% and operating margins expanding 30 basis points in the second quarter when compared to the same quarter last year.

$109.8 million

We reported net income of $109.8 million or $1.60 per diluted share in the second quarter, which is a notable 21% increase over the year ago quarter.

$0.89 per share

We delivered FFO of $0.89 per share in the quarter, exceeding prior expectations and demonstrating resilient cash flows despite elevated leasing CapEx.

$56.2 million

Total nonperforming loans decreased significantly from $89.5 million last quarter to $56.2 million at the end of the second quarter or 39 basis points of total loans.

$223 million or 1.7% linked quarter increase

Loans held for investment increased $223 million or 1.7%, linked quarter and $374.8 million or 2.9% year-to-date.

7.43%

Net interest margin in the quarter was 7.43% and adjusted net interest margin was 5.98%, both of these expanded from last year's quarter.

$0.02

Due mostly to credit issues and to a lesser extent, changes in noninterest income, we are reporting $0.02 of diluted earnings per share for the quarter. We're not happy about that, and we know you are not happy about that as well.