Dafinchi AI

Independent Bank Corp.

INDB

Financial Services

4w

Financial Performance Summary

Adjusted operating net income was $53.5 million or $1.25 diluted EPS, reflecting a 1.09% return on assets and 6.99% return on average common equity.
Core deposit growth was strong with non-time deposits up 3.6% year-over-year and 1.6% from the prior quarter.
Expenses increased 1.8% excluding merger costs, driven by salary increases, equity awards, and higher check and fraud losses.
Net interest margin (NIM) was 3.37%, higher than previous guidance due to asset repricing and reduced deposit costs.
Nonperforming loans decreased significantly from $89.5 million to $56.2 million, or 39 basis points of total loans.
Second quarter GAAP net income was $51.1 million with diluted EPS of $1.20, yielding a 1.04% return on assets and 6.68% return on average common equity.
Tangible book value per share increased by $0.99 during the quarter, including a $0.28 benefit from other comprehensive income.
Total loans increased modestly with C&I loans up 3.4% and CRE loans down 1.7%.

Perella Weinberg Partners

PWP

Financial Services

2w

Financial Performance Summary

Adjusted compensation margin remained at 67% of revenues for the second quarter.
Adjusted non-compensation expenses were $36 million for the quarter, down from prior year and quarter, driven by lower litigation costs.
Adjusted tax rate for the first half was 30%, in line with expectations.
Capital returned to equity holders totaled $24 million in the second quarter and 1.7 million shares repurchased in the first half.
Declared a quarterly dividend of $0.07 per share.
In 2025, revenue composition broadened by industry, product, and geography with a higher average fee per engagement.
Non-compensation expenses for the first half were $86 million, up 9.5% year-over-year, with a mid-single-digit increase expected for the full year.
Second quarter revenues were $155 million, with first half revenues totaling $367 million, flat year-over-year.
The company ended the quarter with $145 million in cash, no debt, 63 million Class A shares, and 25 million partnership units outstanding.
The first half of 2024 included 2 transactions accounting for over 35% of revenue, contributing to a record second quarter last year.

DiamondRock Hospitality Company

DRH

Financial Services

6d

Financial Performance Summary

Comparable RevPAR growth in Q2 2025 was 0.1%, driven by a 1.1% increase in rate and an 80 basis point decline in occupancy.
Corporate adjusted EBITDA was $90.5 million and adjusted FFO per share was $0.35.
Food and beverage revenues increased 3.1%, with F&B profit growing over 6% and margins expanding by 105 basis points due to operational improvements.
Free cash flow per share for the trailing 12 months increased approximately 4.5% to $0.63 per share.
Group room revenue increased 0.8%, business transient revenue rose 4.2%, while leisure transient revenue declined 1.6%.
Hotel EBITDA margins contracted 97 basis points overall but would have expanded 30 basis points excluding the Chicago tax increase.
Operating expenses increased 0.7% excluding a large property tax increase in Chicago; wages and benefits rose 3.1%.
Total RevPAR growth was 1.1%, boosted by a 4.2% increase in out-of-room revenues per occupied room, reaching a new quarterly high of $160 per occupied room.

Affiliated Managers Group, Inc.

AMG

Financial Services

2w

Financial Performance Summary

Adjusted EBITDA for the quarter was $220 million, a 1% increase year-over-year, including $5 million in net performance fee earnings.
Alternative assets under management increased by 20% in the first half of 2025, with $55 billion added, reaching $331 billion in total alternative AUM.
Fee-related earnings grew 4% year-over-year, driven by higher average AUM and organic growth in alternative strategies, partially offset by outflows in fundamental equity strategies.
In Q2 2025, AMG reported a 15% year-over-year growth in economic earnings per share, reaching $5.39.
Net client cash flows exceeded $8 billion in Q2, with record inflows into alternative strategies.
Share repurchases totaled approximately $100 million in Q2 and $273 million year-to-date, contributing to earnings per share growth.

Prosperity Bancshares, Inc.

PB

Financial Services

3w

Strategic Merger with American Bank Holding Company to Expand Presence in South and Central Texas

Prosperity Bancshares announced a definitive agreement to merge with American Bank Holding Company, aiming to strengthen its footprint in South Texas and enhance presence in San Antonio and Central Texas.
The merger is expected to bring about significant growth in the San Antonio market with four new branches and increase market share in Corpus Christi, Victoria, Odessa, Midland, Lubbock, and Bryan-College Station.
Management emphasized the strategic importance of the acquisition, highlighting the high-quality deposit franchise, strong credit quality, and the potential for NII accretion, with an estimated $85-90 million annualized benefit.
The deal is seen as a core bank acquisition with low runoff risk, and the company remains open to further M&A activity, including potential expansion outside Texas and Oklahoma.

Old National Bancorp

ONB

Financial Services

3w

Early Closure and Impact of Bremer Bank Partnership

Old National closed its partnership with Bremer Bank two months earlier than expected, on May 1st, ahead of the original schedule.
The early close contributed to positive earnings momentum for 2025 and shortened the tangible book value earnback period by approximately half a year.
The partnership resulted in a larger balance sheet and improved capital position, with the CET1 ratio exceeding expectations at 10.74%.
Repositioning of Bremer's securities portfolio increased the book yield from 2.85% to 5.54%, reduced duration from 6.4 to 4.7, and improved RWA density from 19% to 13%.

Tradeweb Markets Inc.

TW

Financial Services

2w

Financial Performance Summary

Adjusted EBITDA margin expanded by 70 basis points relative to Q2 2024, reaching 54.2% for the quarter and increasing 83 basis points compared to 2024 full year margins.
Adjusted expenses increased 24% on a reported basis, driven by investments in digital assets, consulting, client relationship development, and headcount growth.
Credit revenues grew strongly, led by global corporate bonds, munis, and credit derivatives, despite some retail corporate credit revenues declining 17% year-over-year.
Equities posted record results with 50% year-over-year growth, led by global ETF and equity derivatives businesses.
Free cash flow reached approximately $952 million for the trailing 12 months, with $1.6 billion in cash and cash equivalents at quarter-end.
International business revenues grew 41% year-over-year, driven by strategic initiatives in emerging markets and APAC.
Market data revenues increased due to growth in proprietary data products.
Q2 revenues grew 26.7% year-over-year on a reported basis and 24.7% on a constant currency basis.
Rates business produced record revenues driven by organic growth across swaps, global government bonds, and mortgages.
The Board declared a quarterly dividend of $0.12 per share, up 20% year-over-year.
Tradeweb set a new quarterly revenue record in Q2 2025, surpassing the Q1 2025 record, with revenues exceeding $1 billion in the first half of the year.
Variable revenue increased by 30%, total trading revenues increased by 28%, and fixed revenues related to four major asset classes increased 25% on a reported basis.