- Credit quality remains strong with nonperforming assets at 0.17% of total assets and net charge-offs of $1.6 million; allowance for credit losses at 1.22% of loans.
- Declared 161st consecutive quarterly dividend of $0.33 per share.
- Deposits grew to $21.6 billion, up 5% quarter-over-quarter, with noninterest-bearing deposits increasing 8% and representing 30% of total deposits.
- Efficiency ratio improved to 62.08%, down from 65.49% in prior quarter and 67.97% a year ago.
- Glacier Bancorp reported net income of $52.8 million for Q2 2025, or $0.45 per diluted share, reflecting an 18% increase in net income and a 15% increase in earnings per share compared to the same quarter last year.
- Loan portfolio grew $1.3 billion to $18.5 billion, an 8% increase from the prior quarter with $239 million or 6% annualized in organic growth.
- Loan yield increased to 5.86%, up 9 basis points from prior quarter and 28 basis points year-over-year.
- Net interest income was $208 million, up 9% from the prior quarter and 25% year-over-year, driven by higher average loan balances, improved loan yields, and declining funding costs.
- Net interest margin expanded to 3.21%, up 17 basis points from Q1 and 53 basis points year-over-year, marking six consecutive quarters of margin expansion.
- Noninterest expense was $155 million, up 3% from prior quarter, including $3.2 million in acquisition-related costs; compensation and benefits rose due to increased headcount and merit increases.
- Noninterest income totaled $32.9 million, up slightly from Q1 and 2% year-over-year; service charges and fees increased 8%.
- Provision for credit loss was $20.3 million, including $16.7 million related to Bank of Idaho acquisition; core provision was $3.6 million excluding acquisition impact.
- Tangible book value per share increased to $19.79, up 8% year-over-year.
- Total funding cost declined to 1.63%, down 5 basis points from prior quarter; core deposit costs remained stable at 1.25%.
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- Advisory revenue was $127 million with strong contributions from financials, industrials, and improving health care and technology sectors.
- Asset management revenues rose 6%, reflecting market appreciation and improved organic growth.
- Commissions and principal transactions rose 11% with gains in both Global Wealth and Institutional segments.
- Compensation ratio was 58%, consistent with the high end of full year guidance, and operating pretax margin was 20.3%.
- Equity capital raising totaled $46 million with a market shutdown for six weeks post-Liberation Day but recovery mid-May.
- Equity transactional revenue increased 16% year-over-year, and fixed income revenue rose 21% year-over-year.
- Fixed income underwriting revenue was $54 million, up 18% sequentially driven by public finance activity.
- Global Wealth Management posted its strongest second quarter ever with record client asset levels and higher net interest income.
- Institutional business revenue increased 7% year-over-year, with record fixed income revenue and a late quarter pickup in investment banking.
- Investment banking revenue totaled $233 million, exceeding guidance by over $20 million due to six transactions closing late in the quarter.
- Net interest income increased 8% due to higher interest earning assets and lower funding costs.
- Net interest income of $270 million came in at the high end of guidance with a 12 basis point increase in bank net interest margin.
- Non-compensation expenses increased 7% year-over-year, with severance and restructuring charges of $28 million in European operations.
- Operating EPS of $1.71 was up 7% from the prior year.
- Provision for income taxes was 25.4%, slightly above consensus due to nondeductible foreign losses.
- Stifel Financial delivered over $1.28 billion of net revenue and $1.71 in core EPS in Q2 2025, marking the best second quarter in company history with a return on tangible common equity of 22%.
- Tier 1 leverage capital ratio was 10.8%, and Tier 1 risk-based capital ratio was 17.5%, with approximately $315 million of excess capital.
- Achieved record revenue of $226.3 million, up 5% YoY.
- Adjusted earnings per share of $0.74, return on assets of 1.54%, and return on tangible common equity of 20%.
- Profitability primarily driven by a robust net interest margin of 4.05%, a 17 basis point increase from Q1.
- Annualized return on average assets was 1.19%, and adjusted return on average tangible equity was 16.79%.
- Commercial loan portfolio grew at an annualized rate of 8%, with $764 million in new loans closed during the quarter.
- Deposits increased by $260 million with an annualized growth rate of 5.6%, and average cost of total deposits decreased to 2.1%.
- Net charge-offs decreased to $1.2 million or 3 basis points of average loans, reflecting strong credit quality.
- Noninterest expenses were $114.6 million with an efficiency ratio improving to 53.5% and annualized expenses to average assets at 1.89%.
- Noninterest income remained steady at $27 million, driven by core banking fees, insurance, wealth management, and SBA loan sales.
- Nonperforming assets declined to 44 basis points of total assets, and delinquencies and classified loans also decreased.
- Pretax pre-provision return on average assets was 1.64%, improving from the prior quarter and last year.
- Provident Financial Services reported net earnings of $72 million or $0.55 per share for the second quarter.
- Tangible book value per share grew $0.45 to $14.60, and tangible common equity ratio expanded to 8.03%.
- Distributable earnings (DE) were $0.24 per share, negatively impacted by $0.10 per share in credit losses on fair value loans, higher than Q1 by $0.06 per share.
- Economic book value declined modestly by 1% to $13.69 per share, while GAAP book value was $13.12 per share, also down about 1%.
- Excluding credit losses, DE would have been $0.35 per share, nearly covering the common dividend of $0.36 per share.
- G&A expenses declined to $29.9 million from $33.5 million in Q1, including $1.2 million in severance and transition costs related to expense reduction initiatives.
- MFA Financial reported GAAP earnings of $33.2 million or $0.22 per share in Q2 2025, driven by growth in net interest income to $61.3 million and modest net mark-to-market gains.
- MFA paid a common dividend of $0.36 per share for the quarter and delivered a total economic return of 1.5% for Q2 and 3.4% year-to-date.
- Earnings per share increased 8.2% versus last quarter and 17.8% versus Q2 2024 on an adjusted basis.
- Net interest income rose by $1.3 million or 2.4% from the prior quarter due to higher net interest margin and more days in Q2.
- Net interest margin improved to 3.51% from 3.44% primarily due to higher loan and investment portfolio yields.
- Noninterest expense decreased by $298,000 from prior quarter, mainly from lower benefit costs and payroll taxes.
- Provision for credit losses was $956,000, reflecting loan growth and net charge-offs.
- Regulatory capital ratios remain strong with tangible common equity ratio at 9.4%, up from 9.3%.
- Repurchased 193,700 shares at $4.5 million cost during Q2, with 797,000 shares remaining under repurchase plan.
- Total deposits decreased $60.9 million due to seasonal tax payment effects, but average total deposits increased $35.4 million from prior quarter.
- Total loan balances increased by $10 million in Q2, with loan yields at 5.50%, up 5 basis points from Q1.
- Allowance for credit losses (ACL) increased by 4 basis points to 50 basis points, driven by higher reserves for new C&I loans and increased commercial loan loss factors.
- Core after-tax net income, adjusted for one-time loan transaction impacts and related hedge losses, was $1 million or $0.01 per share.
- Customer service costs decreased to $12.9 million from $15.1 million in the prior quarter, primarily due to exiting $540 million of MSR deposits.
- First Foundation posted a net loss of $7.7 million in Q2 2025, compared to a net income of $6.9 million in Q1 2025.
- Net interest margin (NIM) was 1.68% for the quarter, a 1 basis point increase from the prior quarter, with an adjusted NIM of approximately 1.72% excluding foregone interest income.
- Noninterest expense excluding customer service costs was $47 million, slightly higher than the prior quarter due to increased professional services costs.
- Noninterest income was approximately $12 million after adjusting for loan transaction-related items, with slight moderation in investment advisory, trust, and consulting fees.
- Nonperforming loans remained stable at 35 basis points, and net charge-offs were low at $135,000.
- Total loan yields decreased slightly by 5 basis points quarter-over-quarter, exiting just under 4.70%.
- Adjusted net income was $2.8 billion with diluted EPS of $5.48, excluding acquisition-related adjustments and legal reserves.
- Allowance for credit losses increased by $7.9 billion to $23.9 billion, driven mainly by Discover acquisition.
- Allowance for credit losses increased by $7.9 billion to $23.9 billion, driven primarily by Discover acquisition marks and portfolio mix shifts.
- Capital One reported a GAAP net loss of $4.3 billion or $8.58 per diluted share in Q2 2025, heavily impacted by the Discover acquisition and related purchase accounting adjustments.
- Commercial banking loans increased 1% quarter-over-quarter; deposits declined slightly.
- Commercial banking loans increased 1% quarter-over-quarter with stable deposits and modestly higher net charge-offs.
- Common Equity Tier 1 capital ratio ended at 14%, up 40 basis points from prior quarter, with stress capital buffer requirement preliminarily at 4.5%.
- Consumer banking loans and deposits grew 7% and 36% year-over-year respectively, driven by Discover and organic growth.
- Credit Card segment showed 22% year-over-year purchase volume growth including Discover; excluding Discover, growth was about 6%.
- Domestic card net charge-off rate improved to 5.25%, down 80 basis points year-over-year, influenced by Discover's lower loss profile.
- Marketing expense increased 26% year-over-year to $1.35 billion, driven by domestic card marketing and Discover integration.
- Net interest margin improved 69 basis points to 7.62%, with Discover contributing about 40 basis points.
- Net interest margin improved 69 basis points to 7.62%, with Discover contributing approximately 40 basis points of the increase.
- Noninterest expense increased 18% (14% net of adjustments) due to acquisition and integration costs.
- Noninterest expense increased 18% (14% net of adjustments) with pre-provision earnings up 34% (40% net of adjustments) compared to Q1.
- Pre-provision earnings rose 34% (40% net of adjustments) compared to Q1 2025.
- Provision for credit losses was $11.4 billion including $8.8 billion initial allowance build for Discover; excluding this, provision was $2.7 billion, up $294 million sequentially.
- Provision for credit losses was $11.4 billion including $8.8 billion related to Discover's loan portfolio; excluding this, provision was $2.7 billion, up $294 million sequentially.
- Revenue increased 25% quarter-over-quarter to $2.5 billion higher, driven largely by Discover's partial quarter contribution.
Dafinchi