Dafinchi AI

KKR Real Estate Finance Trust Inc.

KREF

Financial Services

3w

Financial Performance Summary

A $0.25 cash dividend was paid for the quarter.
Book value per share was $13.84 as of June 30, 2025.
Distributable loss was $3 million primarily due to taking ownership of the West Hollywood property.
KKR Real Estate Finance Trust reported a GAAP net loss of $35 million or negative $0.53 per share for Q2 2025.
Liquidity remained strong with $757 million available, including $108 million cash and $620 million revolver capacity.
Originations totaled $211 million with repayments totaling $450 million in Q2.
Prior to realized losses, distributable earnings were $16 million or $0.24 per share.

NexPoint Residential Trust, Inc.

NXRT

Financial Services

2w

Financial Performance Summary

Completed 555 full and partial upgrades in Q2, leased 381 upgraded units with an average rent premium of $73 and 26% ROI.
Core FFO for Q2 was $18 million or $0.71 per diluted share, up from $0.69 in Q2 2024.
Entered a new 5-year $100 million SOFR swap at 3.489% fixed rate.
Net loss for Q2 2025 was $7 million or $0.28 loss per diluted share on total revenue of $63.1 million, compared to net income of $10.6 million or $0.40 EPS on $64.2 million revenue in Q2 2024.
NOI was $38 million on 35 properties versus $38.9 million on 36 properties in Q2 2024.
Paid a Q2 dividend of $0.51 per share, a 147.6% increase since inception, with 1.39x core FFO coverage and 72.2% payout ratio.
Repurchased 223,109 shares for $7.6 million at an average price of $34.29 per share.
Same-store rent and occupancy decreased 1.3% and 0.8%, respectively, leading to a 1.1% decrease in same-store NOI compared to Q2 2024.
Since inception, 9,113 upgrades installed with average monthly rental increases of $165, $50, and $43 for full/partial upgrades, kitchen/laundry appliances, and tech packages respectively, with strong ROI.

Ellington Financial Inc.

EFC

Financial Services

1w

Financial Performance Summary

Book value per share increased quarter-over-quarter to $13.49.
Combined cash and unencumbered assets increased to about $920 million, more than 50% of total equity.
Ellington Financial reported GAAP net income of $0.45 per share and adjusted distributable earnings (ADE) of $0.47 per share in Q2 2025.
Leverage ratios remained stable with recourse debt-to-equity at 1.7:1 and overall debt-to-equity at 8.7:1 including securitizations.
Longbridge segment contributed $0.13 per share to ADE, driven by strong origination volumes, securitization gains, and servicing income.
Net interest margin (NIM) on the credit portfolio increased by 21 basis points, while the NIM on Agency decreased by 17 basis points.
Portfolio size remained roughly unchanged quarter-over-quarter with growth in mortgage loan portfolios offset by securitizations and tactical sales.
The company achieved an annualized economic return of nearly 14% and a total economic return of 3.3% for the quarter (non-annualized).

ARMOUR Residential REIT, Inc.

ARR

Financial Services

3w

Financial Performance Summary

ARMOUR Capital Management waived $1.65 million of management fees in Q2, offsetting operating expenses.
ARMOUR raised approximately $104.6 million of capital by issuing approximately 6.3 million shares of common stock through an at-the-market offering program during Q2.
ARMOUR's Q2 GAAP net loss related to common stockholders was $78.6 million or $0.94 per common share.
Distributable earnings available to common stockholders was $64.9 million or $0.77 per common share.
Monthly common stock dividends were $0.24 per share, totaling $0.72 for the quarter.
Net interest income was $33.1 million.
Outstanding common shares total 91.5 million.
Quarter ending book value was $16.90 per common share; estimated book value as of July 21 was $16.81 per common share.
Since June 30, ARMOUR raised approximately $58.8 million of capital by issuing approximately 3.5 million shares of common stock through an at-the-market offering program.

Seacoast Banking Corporation of Florida

SBCF

Financial Services

3w

Financial Performance Summary

Allowance for credit losses totaled $142.2 million or 1.34% of total loans, with total loss absorption capacity of $250.6 million or 2.36% of loans.
Asset quality remained sound with nonperforming loans declining to 0.61% of total loans and net charge-offs at $2.5 million (9 basis points annualized).
Asset quality remained strong with nonperforming loans declining to 0.61% of total loans and net charge-offs at $2.5 million or 9 basis points annualized.
Capital ratios remain strong with Tier 1 capital at 14.6% and tangible common equity to tangible assets at 9.75%.
Capital ratios remain strong with Tier 1 capital ratio at 14.6% and tangible common equity to tangible assets at 9.75%, and tangible book value per share increased 12% year-over-year to $17.19.
Loan growth was strong at an annualized 6.4%, with production of $854 million and a robust pipeline of $921 million.
Net income increased 36% sequentially to $42.7 million or $0.50 per share, with adjusted net income up 39% to $44.5 million or $0.52 per share.
Net interest income grew 7% to $126.9 million, driven by loan growth and lower deposit costs.
Net interest income rose 7% to $126.9 million, driven by loan growth and lower deposit costs, with net interest margin expanding 10 basis points to 3.58%.
Net interest margin expanded 10 basis points to 3.58%, or 5 basis points excluding accretion on acquired loans.
Noninterest expense was $91.7 million, including $2.4 million in merger-related expenses, with an adjusted efficiency ratio improving to 55.4%.
Noninterest expense was $91.7 million, including $2.4 million merger-related expenses, with adjusted efficiency ratio improving from 59.5% to 55.4%.
Noninterest income increased 10% year-over-year to $24.5 million excluding securities activity, supported by treasury management, wealth, and insurance businesses.
Noninterest income increased 10% year-over-year to $24.5 million, supported by treasury management, wealth, and insurance businesses.
Return on assets improved to 1.08%, and return on tangible common equity rose to 12.8%.
Return on assets improved to 1.08%, return on tangible common equity to 12.8%, and the adjusted efficiency ratio improved to 55%.

NMI Holdings, Inc.

NMIH

Financial Services

2w

Financial Performance Summary

Adjusted net income was $96.5 million or $1.22 per diluted share, with a 16.3% adjusted return on equity.
Claims expense was $13.4 million in the quarter.
Defaults declined to 6,709 at June 30 from 6,859 at March 31, with a default rate of 1%.
GAAP net income was $96.2 million and diluted EPS was $1.21.
Investment income was $24.9 million, up from $23.7 million in Q1 and $20.7 million in Q2 2024.
National MI generated $12.5 billion of new insurance written (NIW) volume in Q2 2025, ending with a record $214.7 billion of primary insurance in force.
Net premiums earned were $149.1 million, slightly down from $149.4 million in Q1 2025 but up from $141.2 million in Q2 2024.
Net yield was 28 basis points; core yield (excluding reinsurance and cancellation earnings) was 34.2 basis points, up from 34.1 basis points in Q1.
Shareholders' equity was $2.4 billion with book value per share of $31.14, up 4% from Q1 and 16% from Q2 2024.
The company repurchased $23.2 million of common stock in Q2, retiring 628,000 shares at an average price of $36.90, with $281 million of repurchase capacity remaining.
Total cash and investments were $3 billion, including $169 million at the holding company.
Total revenue was a record $173.8 million, up from $173.2 million in Q1 2025 and $162.1 million in Q2 2024.
Underwriting and operating expenses were $29.5 million, down from $30.2 million in Q1, resulting in a record low expense ratio of 19.8%.

OneMain Holdings, Inc.

OMF

Financial Services

3w

Financial Performance Summary

30-plus delinquency was 5.07%, down 29 basis points year-over-year.
Capital generation was $222 million, up 63% year-over-year.
C&I adjusted earnings were $1.45 per share, up 42%.
C&I net charge-offs were 7.6%, down 60 basis points from last quarter and down 88 basis points year-over-year.
Consumer loan net charge-offs were 7.2%, down 64 basis points from last quarter and down 110 basis points year-over-year.
Consumer loan yield was 22.6%, up 19 basis points from the first quarter and up 67 basis points year-over-year.
GAAP net income was $167 million or $1.40 per diluted share, up 137% from $0.59 per diluted share in Q2 2024.
Interest income grew 10% year-over-year driven by receivables growth and yield improvement.
Managed receivables ended the quarter at $25.2 billion, up 7% from a year ago.
Net leverage at the end of Q2 was 5.5x, flat to last quarter.
Operating expenses were $415 million, up 11% compared to a year ago.
Originations grew 9%, driven by expanded use of granular data and product innovations.
Total revenue grew 10% and receivables grew 7% year-over-year, crossing the $25 billion mark for the first time.

Principal Financial Group, Inc.

PFG

Financial Services

2w

Financial Performance Summary

Adjusted non-GAAP earnings excluding significant variances were $469 million or $2.07 per share, an 18% increase in EPS over 2024.
Life insurance sales were strong with record nonqualified sales, but pretax operating earnings declined due to higher mortality.
Net cash flow was negative $2.6 billion in the quarter, an improvement sequentially driven by positive net cash flow from global institutional clients.
Non-GAAP operating ROE, excluding AAR, was 14.9%, improving 170 basis points compared to the year-ago period.
Principal Asset Management sales were $33 billion, up 19% over the prior year quarter.
Reported non-GAAP operating earnings were $489 million, up 27% year over year, and EPS was $2.16, up 33%.
Retirement Solutions sales were $6 billion, up 7% year over year.
Revenue growth, strong margin and expense discipline supported results, alongside a lower effective tax rate and share repurchases.
Second quarter reported net income excluding exited business was $432 million with minimal credit losses of $17 million.
Specialty Benefits earnings grew 10% with margin expansion of 100 basis points.
Total company managed AUM reached $753 billion, a 5% increase over the sequential quarter and 8% over 2024.