Dafinchi AI

Hanmi Financial Corporation

HAFC

Financial Services

3w

Significant Asset Quality Improvement and Loan Resolutions

Hanmi's asset quality improved significantly from the previous quarter, with criticized loans decreasing by 72% and nonaccrual loans declining by 27%.
The company successfully resolved over $100 million in special mention loans, mainly through loan paydowns and upgrades.
A notable $8.6 million charge-off was taken on a syndicated office CRE loan that failed to resolve after maturity, reflecting proactive risk management.
Management expressed confidence that the overall asset quality remains strong despite the large charge-off, emphasizing proactive portfolio management.
The company closely monitors its $550 million syndicated loan portfolio, with no major issues identified apart from the one large office loan.

Horizon Bancorp, Inc.

HBNC

Financial Services

3w

Financial Performance Summary

Capital ratios and tangible book value per share increased linked quarter driven by improved profitability and strategic balance sheet repositioning.
Consumer loan balances decreased by $41 million due to strategic run down of indirect auto portfolio; residential mortgage lending modestly grew.
Credit quality remained strong with substandard loans at 1.29%, nonperforming loans at 54 basis points, and net charge-offs near $254,000 or 2 basis points for the quarter.
Horizon Bancorp reported strong second quarter 2025 earnings driven by core community banking franchise strength, significant net interest margin expansion, low net charge-offs of 2 basis points annualized, and improved ROAA and ROATCE metrics.
Loan growth was solid with net loans held for investment growing $75.5 million or 1.5% in the quarter and 6.2% annualized, led by commercial loans growth of $117 million (14.8% quarterly growth).
Net interest margin increased by 19 basis points to 3.23%, including 7 basis points of outsized interest recoveries; excluding recoveries, margin expanded driven by improved asset and liability mix and disciplined pricing.
Noninterest income was stable with seasonal strength in interchange fees and mortgage gain on sale; expenses were well managed at $39.4 million, with full year expense outlook now approximately flat versus 2024.
Reported earnings per share grew by 58% for the first six months of 2025 compared to the prior year.

Southside Bancshares, Inc.

SBSI

Financial Services

3w

Financial Performance Summary

Allowance for credit losses decreased slightly to $48.3 million, representing 0.97% of total loans.
Annualized return on average assets was 1.07%, and annualized return on average tangible common equity was 14.38%.
Capital ratios remain strong and well above regulatory thresholds; liquidity lines available totaled $2.33 billion.
Deposits increased by $41.1 million or 0.6% on a linked-quarter basis, driven by increases in broker, commercial, and retail deposits.
Loans as of June 30 were $4.60 billion, a linked quarter increase of $34.7 million or 0.8%.
Net income for Q2 2025 was $21.8 million, with diluted earnings per share of $0.72, representing a 1.4% increase from Q1.
Net interest margin increased 9 basis points to 2.95%, and net interest income increased by $414,000 to $54.3 million.
Noninterest expense increased 5.8% linked quarter, mainly due to a $1.2 million write-off and demolition of a replaced branch.
Noninterest income increased 12.7% linked quarter, primarily due to swap fee income and deposit services income.
Nonperforming assets remained low at 0.39% of total assets, and classified loans decreased from $67 million to $55.4 million.

Univest Financial Corporation

UVSP

Financial Services

3w

Financial Performance Summary

Core NIM expanded by 12 basis points to 3.24% excluding excess liquidity impact.
Deposits decreased $75.8 million during the quarter mainly due to seasonal decline of public funds deposits and broker deposits, but excluding these, deposits increased $77.5 million.
Loan outstandings contracted by $31.9 million during the quarter despite solid loan production in the first half of the year.
Net interest margin (NIM) was 3.2%, up 11 basis points from the prior quarter, driven by increased asset yields and reduced cost of funds.
Noninterest expense increased $1.6 million or 3.3% compared to Q2 2024, mainly due to compensation costs including merit increases, medical costs, and variable incentives.
Noninterest income increased by $521,000 or 2.5% compared to Q2 2024, driven by investment management fees, SBA loan sales gains, and treasury management fees.
Recorded $7.8 million of net charge-offs predominantly related to one credit, with the remaining balance placed on nonaccrual and supported by real estate collateral appraisal.
Univest Financial Corporation reported net income of $20 million during the second quarter or $0.69 per share.
Year-to-date commercial loan production through June 30 was $507 million compared to $402 million in the prior year, but loan outstandings contracted by $25.4 million compared to growth of $117.6 million in the prior year.

QCR Holdings, Inc.

QCRH

Financial Services

3w

Significant Loan Growth Driven by LIHTC and Traditional Banking

Quarterly loan growth reached 8% annualized, driven by strong new loan production in LIHTC and traditional banking segments.
Growth impacted by runoff of M2 equipment finance loans, with a net effect of approximately 8%-10% gross loan growth for the second half of the year.
Management remains optimistic about continued solid loan growth, with a focus on expanding in CRE and C&I sectors.

Claros Mortgage Trust, Inc.

CMTG

Financial Services

1w

Financial Performance Summary

CMTG reported a GAAP net loss of $1.30 per share and a distributable loss of $0.77 per share for Q2 2025.
Distributable earnings prior to realized losses were $0.10 per share, with REO investments contributing $0.01 per share net of financing costs.
Held-for-investment loan portfolio decreased to $5 billion from $5.9 billion due to loan resolutions.
Liquidity increased by $221 million since December 31, reaching $323 million as of August 5.
Loan resolutions totaled $1.9 billion UPB year-to-date with an 88% blended recovery rate.
Net debt-to-equity ratio improved from 2.4x to 2.2x in Q2 and further to 2.0x pro forma in Q3.

Pathward Financial, Inc.

CASH

Financial Services

2w

Financial Performance Summary

Allowance for credit loss was 160 basis points with an annualized net charge-off rate of 52 basis points.
Approximately 604,000 shares were repurchased in the quarter at an average price of $74.49, totaling almost 1.9 million shares year-to-date.
Liquidity remains strong with nearly $2.7 billion available, higher than last year.
Loans and leases increased compared to last year, with commercial finance loan yields at 9.55% in the quarter versus 8.24% in the prior quarter.
Net interest margin in the quarter was 7.43% and adjusted net interest margin was 5.98%, both expanded from last year's quarter.
Noninterest income grew 11% from the prior year, driven by tax solutions, secondary market revenue, and card and deposit fees.
Nonperforming loans increased due to three specific loans, including one related to fraud but well collateralized.

Open Lending Corporation

LPRO

Financial Services

1w

Financial Performance Summary

In Q2 2025, Open Lending facilitated 26,522 certified loans, down from 28,963 in Q2 2024, reflecting tighter lending standards and targeted rate increases.
Net income was $1 million in Q2 2025, down from $2.9 million in Q2 2024, and adjusted EBITDA was $4.1 million compared to $6.8 million in the prior year period.
Operating expenses increased 9% year-over-year to $18.6 million, partly due to one-time severance charges, with further cost-saving measures planned for 2026.
Profit share revenue per certified loan decreased to $289 in Q2 2025 from $552 in Q2 2024, reflecting a 72.5% loss ratio assumption and pricing adjustments.
Program fee revenues were $14.9 million, profit share revenue was $8 million, and claims administration and other revenue totaled $2.4 million.
The company repurchased approximately 2 million shares for $4 million in Q2 2025, with $21 million remaining in the repurchase program.
Total revenue for Q2 2025 was $25.3 million, including an $8.3 million reduction in estimated profit share revenue from new originations compared to the prior year.

First Internet Bancorp

INBK

Financial Services

3w

Elevated Provision Expense and Credit Quality in Franchise and Small Business Portfolios

Third consecutive quarter of increased provision expense and nonperforming loans, particularly in franchise finance and small business lending portfolios.
Overall industry nonperforming loan ratio remains at 1%, with delinquencies improving to 62 basis points, a 15 basis point decline.
Franchise finance loans moved to nonperforming status totaling $12.6 million in Q2, with specific reserves of $4.5 million.
Portfolio of 633 loans, with 5% on nonaccrual, and recent success in workout strategies leading to improved recovery rates.
Significant progress in derisking the franchise portfolio, with a small pool of delinquent borrowers and slowing delinquencies, indicating potential for future improvement.

Synovus Financial Corp.

SNV

Financial Services

1mo

Financial Performance Summary

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.