Earnings Feed

$61 million

The overall contraction of $61 million in our loan portfolio is intentional as we reduced exposures in commercial real estate and specialty vehicles and at the same time, grow our commercial and consumer loan portfolios.

$20 million

We reported net income of $20 million during the second quarter or $0.69 per share.

$332 million

Servicing generated $332 million in pretax income, up 15% year-over-year.

16%

For our combined Brokerage and Risk Management segments, we posted 16% growth in revenue, 5.4% organic growth, reported net earnings margin of 17.3%, adjusted EBITDAC margin of 34.5%, up 307 basis points year-over-year.

$2.47

Second quarter adjusted earnings per share was $2.47, compared to $2.13 in the prior year, up 16% and in line with our full year growth guidance of 15% to 17%.