- Capital ratios remain strong with tangible common equity (TCE) at 10.01% and common equity Tier 1 ratio at 14.08%.
- Deposits declined by $387 million due to seasonal public fund activity; interest-bearing deposits decreased by $269 million.
- Efficiency ratio improved to 54.1% from 54.91% last quarter, and year-to-date efficiency ratio is nearly 100 basis points better than last year.
- Fee income grew 8% quarter-over-quarter to $106 million, driven by record insurance and annuity fees.
- Loans grew $135 million or 2% annualized, with strong loan production up 6% quarter-over-quarter and 46% year-over-year.
- Net interest income (NII) increased by $3 million or 1% quarter-over-quarter, with a stable net interest margin (NIM) at 3.49%.
- Non-accrual loans increased modestly to $114 million; net charge-offs decreased to 19 basis points.
- Return on Assets (ROA) improved to 1.46% from 1.32% a year ago, reflecting profitability improvement.
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- A $12 million pretax gain from sale of multifamily loans and a $5.5 million noncash deferred tax impairment impacted net income this quarter.
- Axos Financial delivered strong Q4 fiscal 2025 results with $856 million net loan growth linked quarter and 6 basis points net interest margin expansion.
- Net income was approximately $110.7 million, with diluted EPS of $1.92, compared to $105.2 million and $1.81 respectively in the prior quarter.
- Net interest income was $280 million, up 7.7% year-over-year, and net interest margin was 4.84%, up from 4.78% in the prior quarter.
- Nonaccrual loans declined by $15 million linked quarter, improving the nonaccrual loans to total loans ratio to 79 basis points.
- Noninterest expenses increased 3% from prior quarter, excluding a $2 million legal accrual reversal, with salaries and benefits roughly flat.
- Total deposits increased 7.6% year-over-year to $21 billion, with a diverse deposit base supporting organic loan growth.
- Ancillary spending remained strong with F&B revenue up 4%, banquet revenue up 1%, and other revenue (including golf and spa) up 13%.
- Business interruption proceeds of $9 million related to Hurricanes Helene and Milton benefited Q2 results, compared to $30 million in Q2 2024 from Hurricane Ian and Maui wildfires.
- Comparable hotel EBITDA margin declined 120 basis points to 31%, impacted by the absence of prior year business interruption proceeds.
- Comparable hotel total RevPAR improved 4.2% year-over-year, driven by stronger transient demand, higher ADR, and increased ancillary spend.
- In Q2 2025, Host Hotels & Resorts delivered adjusted EBITDAre of $496 million, a 3.1% increase year-over-year, and adjusted FFO per share of $0.58, up 1.8%.
- The Westin Cincinnati was sold for $60 million at a 14.3x trailing EBITDA multiple, and 6.7 million shares were repurchased for $105 million in Q2.
- Transient revenue grew 7%, with Maui accounting for approximately 40% of this growth, while group room revenue decreased 5% due to calendar shifts and renovation disruptions.
- AFFO per share was $1.28 for the second quarter, representing a 9.4% increase year-over-year driven by accretive investment activity and sector-leading rent growth.
- Comprehensive same-store rent growth was 4% year-over-year, reflecting rent collections, recovery of past due rent, leasing activity, and vacancies.
- Contractual same-store rent growth for Q2 was 2.3% year-over-year, with CPI-linked escalations averaging 2.6% and fixed rent increases averaging 2.1%.
- Dividend declared at $0.90 per share for Q2, a 3.4% increase over prior year, with a payout ratio of approximately 73% of AFFO per share.
- G&A expenses are expected between $99 million and $102 million for the full year, with non-reimbursed property expenses between $50 million and $54 million.
- Key leverage metrics remain within target ranges: debt to gross assets at 43.2% and net debt to adjusted EBITDA at 5.8x.
- Liquidity at quarter end was about $1.7 billion, with $660 million drawn on the revolver, partially paid down after a $400 million bond issuance.
- Nonoperating income is expected around $20 million for the full year, mainly from dividends on equity stakes.
- Operating property NOI for 2025 is estimated between $55 million and $60 million, including hotel and student housing properties.
- Tax expense on an AFFO basis is expected between $42 million and $46 million, primarily foreign taxes on European assets.
- Assets under custody and administration grew 5% year over year to $17 trillion, while assets under management increased 9% year over year.
- Expenses increased 4.7% year over year, with positive operating leverage of 110 basis points and expense to trust fee ratio improving by 120 basis points to 112%.
- Net interest income on an FTE basis was $596 million, down 3% sequentially but up 5% year over year, with net interest margin increasing to 1.7%.
- Return on average common equity reached 14.8%, with a pretax margin expansion of nearly 200 basis points compared to the prior year.
- Revenue increased 6% year over year, driven by favorable equity markets and well-managed expense growth.
- Third quarter net income was $458 million with earnings per share of $2.29, reflecting a 14% increase year over year excluding notable items.
- Trust and investment servicing fees totaled $1.3 billion, up 6% year over year, with wealth management fees up 5% and asset servicing fees up 6%.
- Year to date, Northern Trust returned 110% of earnings to shareholders, including $431 million in the quarter through dividends and stock repurchases.
- Asset quality strong with special mention and substandard loans down 15% to $124 million (1.2% of total loans).
- Common equity Tier 1 capital ratio at 10.6%, tangible book value per share $19.52.
- Net interest income grew by $3 million quarter-over-quarter, driven by $242 million increase in average net loans.
- Net interest margin remained stable at 2.91%.
- No share repurchases this quarter; capital deployed for loan growth.
- Operating expenses were $76 million, including $4 million restructuring charges related to outsourcing residential loan originations.
- Reported Q3 2025 earnings per share of $0.30 GAAP and $0.36 core basis.
- Total loans increased by $373 million, representing a 14% annualized growth rate.
- 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.
- Allowance for credit losses ratio increased to 1.50% due to a single $24 million CRE office loan moving to nonaccrual, significantly increasing quarterly credit loss expense.
- Loan growth was solid at 7.4%, with commercial loan production of $215 million, the highest in the last 6 quarters.
- MidWestOne reported net income of $10 million or $0.48 per diluted common share for Q2 2025.
- Net interest income increased by $2.5 million to $50 million compared to the linked quarter, driven by higher earning asset volumes and yields and lower funding costs.
- Noninterest income was $10.2 million, slightly up from $10.1 million in the linked quarter, driven by wealth management, card revenue, mortgage origination fees, and SBA gain on sale revenue.
- Outside the single loan, asset quality improved with a 32 basis point decrease in criticized asset ratio and net charge-offs of only 2 basis points.
- Tax equivalent net interest margin and core net interest margin both expanded 13 basis points to 3.57% and 3.49%, respectively.
- Total noninterest expense was $35.8 million, a decrease of $0.5 million from the linked quarter, helped by $1.1 million in tax credit funds and a $200,000 decrease in core data processing expense.
- Ameriprise reported adjusted operating EPS growth of 7% to $9.11 with a strong margin of 27%.
- Ameriprise returned 81% of operating earnings to shareholders in the quarter and plans to increase payout ratio to 85% for the second half of the year.
- Asset management operating earnings increased 2% to $222 million with margins at 39%.
- Free cash flow generation remains strong with a 90% free cash flow conversion rate across segments.
- Retirement and Protection Solutions earnings increased 9% to $214 million, driven by favorable life claims and strong interest earnings.
- Return on equity remains very strong at 52%, among the industry's best.
- The bank's total assets increased 6%, with good loan growth and spread earnings.
- Total revenues increased 4% driven by asset growth and strong transactional activity.
- Wealth management client assets grew 11% to a record $1.1 trillion, with wrap assets up 15%.
- Allowance for credit losses ended at $156.2 million or 2.14% of total loans, down 24 basis points from prior quarter.
- Net interest income grew to $68.2 million, up $383,000 sequentially, with NIM expanding 6 basis points to 2.43%.
- Noninterest expense declined $1.6 million to $41.9 million due to lower FDIC assessments and disciplined cost management.
- Noninterest income decreased to $2.5 million from $6.4 million, impacted by $3.6 million loan loss sales and $2 million loss on sale of investments.
- Nonperforming loans declined from $226.4 million to $118.6 million, a $108 million improvement quarter-over-quarter.
- Pre-provision net revenue was $28.8 million, down from prior quarter, but adjusted PP&R was $32.3 million reflecting core franchise strength.
- Reported a net loss of $67.5 million or $2.22 per share, slightly improved from $69.8 million loss or $2.30 per share last quarter.
- Tangible common equity to tangible assets ratio stood at 10.39%, with Tier 1 leverage ratio at 10.4% and CET1 at 13.58%.
Dafinchi