- Adjusted diluted earnings per share was $0.36 for the quarter.
- Adjusted operating income increased 3% year-over-year with operating margins expanding by 30 basis points to 31.2%.
- Invesco ended Q2 2025 with a record $2 trillion in assets under management (AUM), up 8% from Q1 and 17% from Q2 2024.
- Leverage ratios improved year-over-year, with leverage including preferred stock declining to 2.7x from 3.0x.
- Net long-term asset inflows were $15.6 billion for the quarter, representing a 4.7% annualized organic growth rate.
- Net revenues increased by $19 million compared to the prior year quarter, driven by higher average AUM and FX impact.
- Net revenue yield was 23.2 basis points, showing signs of stabilization after prior declines.
- Operating expenses were well controlled, increasing only 1% year-over-year, flat when adjusted for FX.
- The firm repurchased $1 billion of preferred stock held by MassMutual, funded by bank term loans, strengthening the balance sheet.
Explore Similar Insights
- Initial sharp decline in market conditions due to tariff announcements on April 2, causing interest rate volatility spike and risk asset sell-off.
- Subsequent stabilization after tariff delay announcement, with volatility declining in May and June.
- Agency mortgage and CMBS assets recovered meaningfully by quarter end, despite early underperformance.
- Asset quality remained strong with no net charge-offs, nonperforming assets steady at 0.19%, and classified loans showing a modest uptick.
- Bridgewater reported strong revenue and balance sheet growth trends in Q2 2025, with net interest margin expanding by 11 basis points to 2.62%.
- Expenses were well controlled with a slight increase due to FDIC insurance, charitable contributions, and marketing, resulting in an adjusted efficiency ratio of 51.5%.
- Fee income reached record levels excluding one-time gains, including nearly $1 million in swap fee income and over $200,000 in investment advisory fees from the First Minnetonka City Bank acquisition.
- Net interest income grew by $2.2 million during the quarter, driven by loan portfolio repricing and strong loan growth at a 12.5% annualized rate.
- Noninterest income increased $773,000 or 37% excluding securities gain and FHLB prepayment income.
- Tangible book value per share grew nearly 11% annualized year-to-date, with $1.6 million of common stock repurchased in Q2.
- 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.
Dafinchi