- Average loan balances grew by $2.8 billion or 2% sequentially; deposits increased by $1.4 billion or 0.8%.
- Credit quality remains strong with net charge-offs at 22 basis points and allowance for credit losses at 1.86%.
- GAAP noninterest expense was $1.2 billion, slightly above guidance due to revenue-related compensation.
- Loan growth accelerated to 9.2% year over year, driven by commercial lending and new initiatives.
- Net interest income grew approximately $40 million sequentially, representing nearly 12% year-over-year growth.
- Net interest margin (NIM) was 3.13%, up 2 basis points from prior quarter.
- Noninterest income increased 14% year over year, with strong fee growth in payments, wealth management, and capital markets.
- Reported earnings per common share of $0.41, with adjusted EPS of $0.40, up 18% year over year.
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- Adjusted operating expenses plus stock-based compensation increased only 6% year-over-year, leading to 56% adjusted EBITDA margins and 81% incremental adjusted EBITDA margins.
- Assets under custody doubled year-over-year to more than $0.25 trillion, with average assets per funded customer surpassing $10,000 for the first time.
- Bitstamp acquisition closed, adding a growing institutional business and over 600,000 international customers.
- Earnings per share doubled from a year ago.
- Interest-earning assets increased over 50%, driven by cash sweep, margin, and securities lending activities, with Gold cash sweep balances crossing $30 billion.
- Net deposits remained strong with the third highest quarter ever, exceeding $10 billion for six consecutive quarters and continuing momentum into July with around $6 billion in net deposits.
- Retirement assets exceeded $20 billion, more than doubling in the past year.
- Revenue grew 45% year-over-year to nearly $1 billion in Q2 2025, driven by strong business growth and record trading volumes across equities, options, prediction markets, index options, and futures.
- Robinhood Gold subscribers reached a record 3.5 million, representing 13% adoption overall and over 35% adoption among new customers in Q2.
- Robinhood Strategies grew to over 100,000 funded customers and $0.5 billion in assets shortly after launch.
- Adjusted earnings per share reached a record $1.31, up 70% versus Q3 2024.
- Adjusted pretax margins exceeded 51%, reflecting strong expense management and revenue growth.
- Client margin balances hit a record $97.2 billion, up 16% from year-end 2024.
- Net interest revenue increased 37% year-over-year, driven by loan growth and securities lending.
- Pledged Asset Line (PAL) balances grew 37% year-over-year to $23.4 billion.
- Returned $2.7 billion in common stock repurchases during the quarter, totaling $8.5 billion year-to-date.
- Supplemental borrowings reduced by $13 billion in Q3, now at $14.8 billion, 85% below May 2023 peak.
- Third quarter revenue grew 27% year-over-year to a record $6.1 billion.
- Adjusted return on assets was 1.31% and pre-provision ROAA was 1.72%.
- Deposits grew by $73 million net of broker deposits, with core deposits up nearly $800 million year-over-year.
- Loan growth was 4% annualized or $110 million, with contributions from nearly all business areas and geographic markets.
- Net interest income increased by $5.2 million quarter-over-quarter, with net interest margin expanding 6 basis points to 4.21%.
- Noninterest expense increased by $5.9 million due to merit increases, deposit costs, acquisition costs, and loan workout expenses.
- Noninterest income increased by $2.1 million from the prior quarter, driven by bank-owned life insurance and community development income.
- Nonperforming assets decreased slightly; net charge-offs were negligible aided by a $3 million recovery on a previously charged-off loan.
- Tangible book value per common share increased to $40.02, an annualized quarterly increase of 15%.
- Tangible common equity to tangible assets ratio was 9.42%, with a return on tangible common equity of 13.96%.
- The company earned $1.36 per diluted share in Q2 2025, up from $1.31 in the prior quarter and $1.19 year-over-year.
- Liquidity remained strong at over $1 billion, representing more than 50% of total equity.
- Net interest income increased due to new investments with attractive yields and swaps adding carry value.
- Over $130 million gains realized on the portfolio in Q3 from spread tightening.
- Raised $254 million in new capital in Q3, $776 million year-to-date, growing the portfolio by 10% since Q2 and over 50% since the start of the year.
- Third quarter net interest income did not include the impact of the September FOMC rate cut, expected to boost Q4 margins.
- Total economic return was 10.3% for the quarter and 11.5% year-to-date.
- Year-to-date shareholder returns were 20%, 23% over the last year, and nearly 72% over three years with dividends reinvested.
- Adjusted EBITDA rose 35% to $31.8 million compared to last year.
- Consumer segment revenue grew 12% with segment profit up 19%.
- Home segment revenue increased 25%, driven by a 38% rise in home equity revenue.
- Insurance segment showed 21% year-over-year growth, with higher bids and budgets.
- LendingTree reported Q2 revenue of $250 million, a 19% year-over-year increase.
- Small business loan revenue surged 61%, and personal loan revenue increased 14%.
- The company achieved profitability for the fifth consecutive period of year-over-year revenue growth.
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