- Credit loss expense decreased significantly to $2.1 million from $7.6 million in Q2, with net loan recoveries of $0.5 million.
- Deposits increased 0.6% in Q3 or 2.2% annualized, supported by new commercial accounts and market expansion.
- Efficiency ratio improved to a two-year low of 52.65%, reflecting disciplined expense management.
- Net income for Q3 2025 was $22.1 million or $0.73 per diluted share, up from $15.1 million or $0.50 in Q2.
- Net interest margin expanded by 15 basis points to 3.22%, driven by higher loan yields and lower funding costs.
- Pre-provision net revenues increased 16.4% to $47 million compared to the prior quarter.
- Return on average assets was 1.12% and return on average equity was 10.69%.
- Total loans increased 3.5% linked quarter to $6.53 billion, with loan production up 73% to $571 million.
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- Annualized net interest margin improved to 3.68%, up 25 basis points from the prior year and 11 basis points from Q1 2025.
- Capital position remained strong with total stockholders' equity at $622.4 million, representing 10.6% of total assets and a book value of $54.61 per share.
- Loan portfolio declined 3.3% to $4.6 billion due to higher loan payoffs, including a $30 million payoff on the last day of the quarter.
- Net income for Q2 2025 was $19.8 million or $1.72 per diluted common share, up from $17.0 million or $1.45 per share in Q2 2024.
- Net interest income increased to $51.0 million, an 8.9% improvement year-over-year, supported by higher loan and investment yields and lower funding costs.
- Noninterest expenses declined 3.9% year-over-year to $35.0 million, driven by lower legal and professional fees and reduced expenses on other real estate owned, partially offset by increased technology investments.
- Noninterest income decreased 16.5% year-over-year to $8.2 million, impacted by timing of tax credit partnership income and prior year software vendor termination income.
- Nonperforming assets were $8.1 million or 0.14% of total assets, with net recoveries on loans of $111,000 and no provision for credit losses on outstanding loans.
- The company redeemed $75 million of subordinated notes early, saving future interest costs, and repurchased nearly 176,000 shares in the quarter.
- Total deposits were $4.68 billion at quarter end, up 1.7% from December 31, 2024, but down 1.6% from Q1 2025, with brokered deposits and checking accounts increasing while retail CDs declined.
- Average loans grew 2.3% year-over-year to $5.1 billion, led by home equity lines of credit (+17.8%) and commercial loans (+9.2%).
- Capital ratios remained strong with consolidated equity to assets at 10.91% and book value per share up 6.6% to $36.75.
- Net income for Q2 2025 was $15 million, a 19.8% increase over Q2 2024, with year-to-date net income nearly $30 million.
- Net income for Q2 2025 was $15 million, up 19.8% year-over-year, with year-to-date net income nearly $30 million.
- Net interest income increased 10.5% to $41.7 million, driven by margin expansion and loan growth.
- Noninterest expenses decreased by $600,000 year-over-year, with ORE expenses at $522,000 for the quarter.
- Noninterest expenses decreased by $600,000 year-over-year, with ORE expenses controlled at $522,000 for the quarter.
- Noninterest income from wealth management increased 13% to $1.8 million, representing 37.5% of total noninterest income.
- Return on average assets was 0.96% and return on average equity was 8.73% for Q2 2025, both showing double-digit improvement from prior year.
- Return on average assets was 0.96% and return on average equity was 8.73% for Q2 2025, both showing double-digit improvement year-over-year.
- Total deposits increased by $213 million to $5.5 billion, reflecting strong customer confidence.
- FFO and core FFO per share for Q2 2025 were $0.33 and $0.35 respectively, down from $0.36 in Q2 2024.
- Net assets increased from $1.16 billion to $1.2 billion mainly due to two industrial acquisitions totaling $78.95 million.
- Operating expenses decreased to $25.1 million in Q2 2025 from $26.0 million in Q2 2024, due to incentive fee waivers and lower depreciation, offset by higher property expenses.
- Same-store rents increased by 6.4% in the first half of 2025 compared to the same period in 2024.
- Total operating revenues increased to $39.5 million in Q2 2025 from $37.1 million in Q2 2024, driven by higher recovery and rental rates.
- Credit quality remained solid with nonaccruing loans at 51 basis points and past due loans at 27 basis points; provision for credit losses was $600,000 and net charge-offs were $647,000.
- In-market deposits increased 1% quarter-over-quarter and 9% year-over-year, while brokered deposits declined $25 million and FHLB borrowings rose $151 million.
- Net income for Q2 2025 was $13.2 million or $0.68 per share, up from $12.2 million and $0.63 per share in Q1 2025.
- Net interest income increased 2% quarter-over-quarter to $37.2 million with a margin of 2.36%, up 7 basis points.
- Noninterest income was $17.1 million, excluding a $7 million sale leaseback gain in Q1, adjusted noninterest income rose 9%.
- Total loans grew by $44 million (1%), with commercial loans up 2% and residential loans down 1%.
- Wealth management revenue increased 2% to $10.1 million, mortgage banking revenue rose 32% to $3 million.
- Adjusted noninterest expense rose 1% sequentially and 3% year-over-year, with disciplined expense control and higher employment costs.
- Adjusted noninterest revenue increased 12% sequentially and 3% year-over-year, driven by capital markets fees rebound and wealth management income growth.
- Adjusted pre-provision net revenue rose 5% sequentially and 7% year-over-year.
- Capital ratios strengthened, with CET1 ratio at 10.91%, the highest in company history, supported by earnings and share repurchases.
- Core deposits declined 2% sequentially, driven by public funds and broker deposits, but deposit costs improved with a 4 basis point decline in average cost of deposits to 2.22%.
- Credit quality improved with net charge-offs at $18 million (17 basis points), better than guidance, and nonperforming loans decreased to 0.59% of total loans.
- Loan balances increased by $888 million or 2% sequentially, with strong growth in high-growth verticals and specialty lending.
- Net interest margin expanded modestly to 3.37%, with net interest income growing 6% year-over-year.
- Synovus reported GAAP and adjusted earnings per share of $1.48, a 14% increase from the first quarter and 28% year-over-year.
- Average deposits increased 3.1% year-over-year to $41.8 billion; average loans grew 7.2% to $21.1 billion.
- Commercial loans grew 4.9% year-over-year with CRE up 6.8%, energy loans up 22%, and C&I down about 1%.
- Consumer real estate loans grew 22% year-over-year to $3.3 billion, driven by second lien home equity and mortgage products.
- Cullen/Frost earned $155.3 million or $2.39 a share in Q2 2025, up from $143.8 million or $2.21 a share in Q2 2024.
- Expansion efforts contributed $2.76 billion in deposits, $2.03 billion in loans, and nearly 69,000 new households.
- New loan commitments totaled just under $2 billion in Q2, a 56% increase over Q1.
- Nonperforming assets declined to $64 million from $85 million at year-end; net charge-offs were $11.2 million, or 21 basis points annualized.
- Return on average assets and average common equity were 1.22% and 15.6%, compared to 1.18% and 17.08% in the prior year quarter.
- Total problem loans increased to $989 million, mainly due to multifamily loans, with expected resolutions in H2 2025.
- Adjusted EPS increased 166% year over year to $1.15 per share in Q3 2025.
- Adjusted net revenue was $2.2 billion, up 3% year over year; 9% growth excluding credit card sale.
- CET1 ratio stood at 10.1%, representing $4.5 billion excess capital above regulatory minimum.
- Core ROTCE was 15% headline, approximately 12% excluding AOCI impact.
- Net interest margin (NIM) excluding core OID expanded 10 basis points quarter over quarter to 3.55%.
- Noninterest expense was $1.2 billion, slightly up year over year but down sequentially by $22 million.
- Provision expense declined 36% year over year to $415 million, driven by credit normalization.
- Retail auto net charge-off rate improved 36 basis points year over year to 1.88%, despite a 13 basis point sequential increase due to seasonality.
- Balance sheet ended Q2 with net debt to adjusted EBITDA of 5.2x and nearly $2.3 billion of liquidity.
- CCRC portfolio generated approximately $200 million of annual NOI, 50% higher than pre-pandemic 2019 levels, with current occupancy at 86%.
- Healthpeak reported FFO as adjusted of $0.46 per share and AFFO of $0.44 per share for Q2 2025.
- Lab segment reported 1.5% same-store growth, 6% positive rent mark-to-market, and 87% tenant retention, with total occupancy declining by 150 basis points due to lease expirations and tenant departures.
- Outpatient medical segment achieved 85% tenant retention, 6% positive rent mark-to-market, and 3.9% same-store cash NOI growth.
- Repayment of $450 million senior notes was completed using proceeds from commercial paper program.
- Total portfolio same-store growth was 3.5%, with CCRC segment showing 8.6% same-store growth driven by 5% rate growth and higher entrance fee sales.
- Deposit costs were managed below 2%, with cumulative deposit beta reaching mid-50% range, matching terminal beta from the rising rate cycle.
- Loan growth was strong, with commercial loans up about $3 billion year-to-date, and average loans up $1.6 billion period-end.
- Net charge-offs were $102 million, down 7% sequentially, with credit metrics improving for the sixth consecutive quarter.
- Net interest income grew 28% year-over-year and 4% sequentially, with net interest margin increasing 8 basis points to 2.66%.
- Noninterest income rose 10% year-over-year, driven by investment banking, commercial mortgage servicing, commercial payments, and wealth management.
- Pre-provision net revenue increased by $44 million sequentially, marking the fifth consecutive quarter of growth, with aggregate PPNR up over 60% since Q1 2024.
- Reported second quarter earnings per share of $0.35, with revenues up 21% year-over-year and expenses up about 6% excluding charitable contributions.
- Tangible book value per share increased 3% sequentially and 27% year-over-year.
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