- Common Equity Tier 1 (CET1) ratio approached 12%, maintaining peer-leading capital ratios.
- Deposit balances increased while deposit costs declined, with total deposit cost down two basis points to 1.97%.
- Net charge-offs were stable at 42 basis points annualized, within the full-year target range of 40 to 45 basis points.
- Net interest income benefited from strong deposit and loan dynamics, achieving a 2.75% net interest margin (NIM), reaching year-end target one quarter early.
- Nonperforming assets declined 6% sequentially, and criticized loans decreased by 3%.
- Pre-provision net revenue increased by $33 million quarter-over-quarter, a 5% rise marking six consecutive quarters of improvement.
- Reported earnings per share of $0.41, with return on assets surpassing 1%.
- Revenues grew 17% year-over-year, adjusting for last year's securities portfolio repositioning.
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- Balance sheet is strong with no secured debt maturing before 2028 and weighted average debt maturity of almost 8 years.
- Core community-based rental income increased 5.5% for the quarter and year-to-date.
- Core operating expenses were flat in the quarter, with expense growth 190 basis points lower than guidance.
- Core portfolio generated 6.4% NOI growth in the quarter, 70 basis points higher than guidance.
- Core RV and marina annual base rental income increased 3.7% in the quarter and 3.9% year-to-date.
- Membership business contributed $16 million net in the quarter and $31.4 million year-to-date.
- NOI increased 5% year-to-date compared to last year.
- Normalized per share FFO growth year-to-date is 5.7%.
- Seasonal rent decreased 5.6% and transient decreased 8.6% year-to-date.
- Second quarter normalized FFO was $0.69 per share, in line with midpoint guidance.
- Year-to-date expense growth was 70 basis points including insurance renewal impact.
- KKR reported fee-related earnings of $0.98 per share and total operating earnings of $1.33 per share, the highest in its history as a public company.
- Management fees increased 18% year-over-year to $996 million, driven by Americas XIV and broader fundraising initiatives.
- Fee-related performance revenues grew 45% year-over-year to $54 million, mainly due to offshore Infrastructure K-Series performance allocation.
- FRE margin improved by 360 basis points to 69%, reflecting operational leverage and strong fee growth.
- Over the last 12 months, FRE per share increased 33%, demonstrating durability and long-term growth in fee streams.
- Adjusted EBITDA increased to $93 million, up approximately 8% year-over-year, with an adjusted EBITDA margin of 40.3%.
- Adjusted EPS of $0.89 was up 7% year-over-year, driven by strong adjusted EBITDA growth and lower interest expense, partially offset by higher tax expense and operating depreciation and amortization.
- Liquidity remains strong at approximately $485 million as of June 30.
- Operating cash flow for the first half of the year was approximately $86 million.
- Revenue for the second quarter was $230 million, an 8% increase over the prior year, while constant currency revenue was approximately $233 million, representing growth of 10%.
- Segment results: Merchant Acquiring revenue grew 4% year-over-year to $47.3 million with adjusted EBITDA margin of 42.3%. Payment Services Puerto Rico revenue increased 4% to $56.4 million with adjusted EBITDA margin of 58.5%. Latin America Payments & Solutions revenue was $86.1 million, up 15% year-over-year or 20% constant currency, with adjusted EBITDA margin of 27.1%. Business Solutions revenue increased 4% to $64.5 million but adjusted EBITDA declined 13% due to prior year nonrecurring project impact.
- Average C&I loans increased 19% year-over-year, with average loans growing $72 million quarter-over-quarter.
- Credit quality remained stable with net charge-offs below guidance at 18 basis points annualized, allowance coverage ratio increased to 1.14%, and delinquencies stable at around 1%.
- Net interest margin improved to 3.56% in Q2 2025, up from an adjusted 3.48% in Q1 2025 after excluding a 39 basis point interest recovery benefit.
- Noninterest expense increased 6.3% quarter-over-quarter and 5.5% year-over-year due to merger-related expenses, with an adjusted efficiency ratio improving to 60.4%.
- Noninterest income increased by $2.6 million quarter-over-quarter, driven by fee income and other operating income gains.
- Northwest Bancshares reported GAAP net income of $33.7 million and earnings per diluted share of $0.26 for Q2 2025, compared to $0.04 in Q2 2024.
- On a non-GAAP basis, adjusting for one-time merger-related expenses, net income was $38.2 million and EPS was $0.30, a 10% increase over the prior year quarter.
- Total revenue for Q2 2025 was $150 million, a 53.5% increase year-over-year on a GAAP basis, including impacts from securities portfolio restructuring.
- Brokered funding was reduced by approximately $127 million, improving liquidity.
- Core deposit balances increased by approximately $195 million in the quarter, driven in part by a municipal bond offering.
- Loan balances decreased slightly to just under $3 billion due to payoffs and refinancing, but new loans were originated at higher interest rates.
- Net interest income and overall earnings improved compared to prior periods.
- No provision for credit losses was recorded due to strong credit quality.
- The loan portfolio yield improved to 5.59% in Q2 from 5.52% in Q1, partially offset by a 4 basis point increase in deposit costs.
- West Bancorporation reported net income of $8 million in Q2 2035, up from $7.8 million in Q1 2035 and $5.2 million in Q2 2024.
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