- Allowance for credit losses declined by $8.2 million to $98 million; net charge-offs were approximately $900,000.
- Hilltop reported net income of approximately $36 million or $0.57 per diluted share for Q2 2025.
- HilltopSecurities generated pretax income of $6 million on net revenues of $110 million, a 6% pretax margin.
- Net interest income increased 7% year-over-year to $110.7 million; net interest margin increased by 17 basis points versus Q1 2025.
- Net interest margin at PlainsCapital Bank increased by 19 basis points; loan yields increased by 5 basis points.
- Noninterest expenses increased by $5 million year-over-year to $261 million, driven by variable compensation and legal recovery timing.
- Noninterest income totaled $193 million, with mortgage revenues declining by $12 million year-over-year.
- PlainsCapital Bank generated $55 million pretax income on $12.7 billion average assets with a 1.35% return on average assets.
- PrimeLending reported a pretax gain of $3 million including a $9.5 million nonrecurring legal settlement.
- Return on average assets was 1% and return on average equity was 6.6%.
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- Core earnings per share of $0.38 surpassed consensus estimates by $0.03 and improved from $0.32 in the first quarter.
- Core return on assets was 1.31%, core pretax pre-provision ROA was 1.95%, and core efficiency ratio was 54.1%.
- Loan growth was strong at 8.1% annualized, broad-based across equipment finance, small business, commercial, indirect, and branch lending.
- Net interest income increased by $10.7 million quarter-over-quarter to $106.2 million.
- Net interest margin expanded from 3.62% to 3.83%, driven by improved loan yields, lower deposit costs, CenterBank acquisition, and roll-off of macro hedges.
- Noninterest income increased by $2.1 million to $24.7 million, driven by mortgage, SBA, interchange, wealth, and other service charges.
- Nonperforming loans increased by $40.1 million due to the floorplan credit and CenterBank acquisition; core credit metrics were neutral excluding these events.
- Provision expense was $12.6 million, including $3.8 million CECL provision for CenterBank; excluding that, provision was $8.8 million with $2.6 million for a single commercial floorplan loan moved to nonaccrual.
- Total deposits grew 9% year-to-date, reaching $10.1 billion, with strong performance in Community Pennsylvania and Ohio.
- Book value per share increased quarter-over-quarter to $13.49.
- Combined cash and unencumbered assets increased to about $920 million, more than 50% of total equity.
- Ellington Financial reported GAAP net income of $0.45 per share and adjusted distributable earnings (ADE) of $0.47 per share in Q2 2025.
- Leverage ratios remained stable with recourse debt-to-equity at 1.7:1 and overall debt-to-equity at 8.7:1 including securitizations.
- Longbridge segment contributed $0.13 per share to ADE, driven by strong origination volumes, securitization gains, and servicing income.
- Net interest margin (NIM) on the credit portfolio increased by 21 basis points, while the NIM on Agency decreased by 17 basis points.
- Portfolio size remained roughly unchanged quarter-over-quarter with growth in mortgage loan portfolios offset by securitizations and tactical sales.
- The company achieved an annualized economic return of nearly 14% and a total economic return of 3.3% for the quarter (non-annualized).
- Brookline Bancorp reported second quarter earnings of approximately $22 million or $0.25 per share.
- Customer deposits increased by $59 million and net interest margin improved by 10 basis points to 3.32%.
- Merger expenses were $439,000 and largely non-tax deductible, contributing to a higher effective tax rate.
- Net interest income increased by $2.9 million to $88.7 million, and fee income was slightly higher at $6 million, bringing total revenues to $94.7 million, up 3% from Q1 and 10% year-over-year.
- Noninterest expense, excluding merger charges, decreased by $1.3 million from Q1 to $57.7 million, with marketing expenses increasing by $503,000.
- Provision for credit losses was $7 million, $1 million higher than Q1, with total net charge-offs of $5.1 million and increased reserves for Boston office market credits.
- Reserve coverage increased to 132 basis points of total loans.
- The Board approved maintaining the quarterly dividend at $0.135 per share.
- The loan portfolio contracted by $61 million intentionally, with reductions in commercial real estate and specialty vehicles, while commercial and consumer loans grew.
- Adjusted net revenues for Q2 2025 were $405 million with an 18.1% operating margin and adjusted EPS of $2.95, all higher compared to the same period last year.
- Advisory revenues were $206 million during the quarter, up 12% year-over-year, driven by a broad set of products and higher average fees.
- Compensation ratio was 62% for Q2 and 62.2% for the first half, improved from prior periods due to increased net revenues.
- Corporate financing revenues were $35 million, down 31% from the year ago period, completing 26 financings raising $10 billion for clients.
- Equity brokerage revenues were $58 million, up 12% year-over-year, with 2.9 billion shares traded for over 1,200 clients.
- Fixed income revenues were $54 million, up 21% from Q1 and 37% from the year ago period, driven by depository client activity.
- GAAP results included a $5 million restructuring charge related to headcount reductions and vacated office space from the Aviditi Advisors acquisition.
- Municipal financing revenues were $42 million, up 66% year-over-year, exceeding market issuance growth of 15%.
- Net revenues for the first half of 2025 totaled $789 million, operating income was $142 million with an 18% margin, and diluted EPS was $7.04.
- Non-compensation expenses excluding reimbursed deal costs were $69 million for Q2, up 6% year-over-year, driven by legal and professional fees.
- Cost of interest-bearing liabilities declined to 3.96% from 4.02%, helped by CD repricing and growth in lower-cost fintech deposits.
- Diluted earnings per share were $0.02 for the quarter, impacted by elevated credit provisions and changes in noninterest income.
- Interest income increased while interest expense decreased in Q2 2025, resulting in a net interest margin above 2% on a tax-effective basis.
- Net income for Q2 was $28 million ($29.1 million fully taxable equivalent), up 11.5% and 11% respectively from Q1.
- Net interest margin improved to 1.96% (2.04% fully taxable equivalent), driven by higher loan yields and lower deposit costs.
- Noninterest income was $5.6 million, including $1.6 million gain on sale of SBA loans, down $7 million from the prior quarter due to holding loans longer.
- Yield on average interest-earning assets rose to 5.65% from 5.57%, with loan yields exceeding 7.5% on new originations.
- 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.
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