Average annualized loan growth was 5.3%, with average total deposits growing to over $37 billion.
Capital ratios improved with CET1 ratio approaching 11%, tangible common equity at 8.5%, and tangible book value per share up 13% year-over-year to $11.14.
Credit quality improved with total delinquency at 62 basis points, down 13 bps, and net charge-offs at 25 bps for the quarter.
Efficiency ratio remained favorable at 54.8%.
Linked-quarter revenue growth was 6.5%, driven by record net interest income of $347 million and noninterest income of $91 million.
Net income available to common shareholders was $130.7 million, or $0.36 per share, in Q2 2025.
Net interest margin expanded 16 basis points to 3.19%, the highest since Q4 2023.
Noninterest income reached a record $91 million, more than doubling over the last 10 years.
Operating noninterest expense was $246.2 million, with increases due to strategic hiring, technology investments, and mortgage down payment assistance program costs.
Pre-provision net revenue rose 16% from prior quarter to $192 million.
Provision expense was $24.9 million, supporting loan growth and charge-offs.
Adjusted earnings per share were $0.42 compared to $0.44 a year ago, impacted by lower Iraq revenues and higher interest expense.
Adjusted operating margin remained stable at 19% year-over-year despite higher consumer fraud losses and lower Iraq contributions.
Branded digital business increased transactions by 9% and adjusted revenue by 6%.
Cash flow from operations was $148 million year-to-date, up from $60 million prior year, with capital expenditures down 15%.
Consumer money transfer transactions declined 3% in the quarter, while cross-border principal grew mid-single digits on a constant currency ex Iraq basis.
Consumer Services adjusted revenue grew 40% driven by Eurochange acquisition and strong European travel.
Returned over $150 million to shareholders in Q2 and over $300 million in the first half of 2025, representing over 10% cash return versus market cap.
Western Union reported second quarter 2025 adjusted revenue of $1.026 billion, down 1% year-over-year excluding Iraq impacts.
Dafinchi