- Distributable earnings (DE) were $0.24 per share, negatively impacted by $0.10 per share in credit losses on fair value loans, higher than Q1 by $0.06 per share.
- Economic book value declined modestly by 1% to $13.69 per share, while GAAP book value was $13.12 per share, also down about 1%.
- Excluding credit losses, DE would have been $0.35 per share, nearly covering the common dividend of $0.36 per share.
- G&A expenses declined to $29.9 million from $33.5 million in Q1, including $1.2 million in severance and transition costs related to expense reduction initiatives.
- MFA Financial reported GAAP earnings of $33.2 million or $0.22 per share in Q2 2025, driven by growth in net interest income to $61.3 million and modest net mark-to-market gains.
- MFA paid a common dividend of $0.36 per share for the quarter and delivered a total economic return of 1.5% for Q2 and 3.4% year-to-date.
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- AFFO for Q2 2025 was $1.3 million or $0.03 per share, up from the prior year, positively impacted by lower interest expense and increased loan program activity.
- AFFO for the six months was $3.6 million or $0.08 per share, higher than 2024, helped by lower interest expense, higher interest income, and proceeds from a solar lease arrangement.
- For Q2 2025, net income was $7.8 million or $0.15 per share, higher than Q2 2024 due to gains on dispositions of 32 properties, lower G&A costs, lower interest expenses, and higher interest income.
- For the six months ended June 30, 2025, net income was $9.9 million or $0.18 per share, higher than 2024 due to 34 property dispositions, debt reductions, lower G&A, and increased interest income.
- Gain on disposition of assets was $25 million on $81.6 million of property sales in 2025, compared to a loss of $0.1 million in 2024.
- General and administrative expenses decreased primarily due to a one-time severance expense in 2024.
- Interest expense decreased by $2.8 million in Q2 and $5.2 million year-to-date due to debt reductions since October 2024.
- Lines of credit were repaid in full with $23 million payments in early July 2025.
- Undrawn capacity on lines of credit was approximately $160 million as of June 30, 2025, with no debt subject to interest rate resets in 2025.
- Banner called and repaid $100 million of subordinated notes, reducing funding costs.
- Banner Corporation reported a net profit available to common shareholders of $45.5 million or $1.31 per diluted share for Q2 2025, up from $1.15 per share in Q2 2024 and $1.30 in Q1 2025.
- Core earnings (pretax pre-provision excluding certain items) were $62 million in Q2 2025, compared to $52 million in Q2 2024.
- Loan losses were $1.7 million with recoveries of $600,000; net provision for credit losses was $4.8 million.
- Loans increased 5% year-over-year and 9% annualized in the quarter; core deposits increased 4% year-over-year and represented 89% of total deposits.
- Net interest income increased $3.3 million from prior quarter; net interest margin remained steady at 3.92%.
- Noninterest expense was stable with some increases offset by higher capitalized loan origination costs.
- Noninterest income decreased $1.4 million due to losses on asset disposals and fair value adjustments.
- Return on average assets was 1.13% for Q2 2025.
- Revenue from core operations was $163 million in Q2 2025 versus $150 million in Q2 2024.
- Strong capital ratios and tangible common equity per share increased 13% year-over-year.
- Credit quality remains strong with nonperforming assets at 0.17% of total assets and net charge-offs of $1.6 million; allowance for credit losses at 1.22% of loans.
- Declared 161st consecutive quarterly dividend of $0.33 per share.
- Deposits grew to $21.6 billion, up 5% quarter-over-quarter, with noninterest-bearing deposits increasing 8% and representing 30% of total deposits.
- Efficiency ratio improved to 62.08%, down from 65.49% in prior quarter and 67.97% a year ago.
- Glacier Bancorp reported net income of $52.8 million for Q2 2025, or $0.45 per diluted share, reflecting an 18% increase in net income and a 15% increase in earnings per share compared to the same quarter last year.
- Loan portfolio grew $1.3 billion to $18.5 billion, an 8% increase from the prior quarter with $239 million or 6% annualized in organic growth.
- Loan yield increased to 5.86%, up 9 basis points from prior quarter and 28 basis points year-over-year.
- Net interest income was $208 million, up 9% from the prior quarter and 25% year-over-year, driven by higher average loan balances, improved loan yields, and declining funding costs.
- Net interest margin expanded to 3.21%, up 17 basis points from Q1 and 53 basis points year-over-year, marking six consecutive quarters of margin expansion.
- Noninterest expense was $155 million, up 3% from prior quarter, including $3.2 million in acquisition-related costs; compensation and benefits rose due to increased headcount and merit increases.
- Noninterest income totaled $32.9 million, up slightly from Q1 and 2% year-over-year; service charges and fees increased 8%.
- Provision for credit loss was $20.3 million, including $16.7 million related to Bank of Idaho acquisition; core provision was $3.6 million excluding acquisition impact.
- Tangible book value per share increased to $19.79, up 8% year-over-year.
- Total funding cost declined to 1.63%, down 5 basis points from prior quarter; core deposit costs remained stable at 1.25%.
- BOK Financial reported earnings of $140 million or EPS of $2.19 for Q2 2025.
- Fee income increased 7.2% sequentially, with record quarterly results in several fee income lines.
- Loan growth reaccelerated with a 2.5% increase quarter-over-quarter, led by commercial real estate (6.9%) and core C&I portfolios (1.1%).
- Net interest income grew for the fifth consecutive quarter with margin expansion of 2 basis points.
- Nonperforming assets decreased to $74 million, with net charge-offs minimal at $561,000 for the quarter.
- Total expenses increased by $7 million, driven by technology project costs and operational losses, while personnel expenses remained consistent.
- Adjusted EPS of $0.51, up $0.06 from the prior quarter, with adjusted return on tangible common equity increasing by 135 basis points to 15%.
- Adjusted expenses increased by $45 million, primarily due to higher personnel costs, project expenses, technology, risk, and a $20 million contribution to the First Horizon Foundation.
- Common Equity Tier 1 (CET1) capital ratio remained flat at 11%, with a near-term target of 10.75% following annual stress testing.
- Deposit balances decreased by $52 million, driven by a $652 million decline in brokered CDs, offset by growth in index and promotional deposits and a $131 million increase in noninterest-bearing deposits.
- Fee income increased by $26 million excluding deferred compensation, driven by higher fixed income fees and mortgage servicing rights sales.
- Loan balances were slightly down, with mortgage company loans decreasing seasonally by $132 million, while C&I loans grew by $174 million quarter-over-quarter.
- Net charge-offs decreased by $7 million to $26 million, with a net charge-off ratio of 17 basis points and a loan loss provision credit of $5 million.
- Net interest income grew by $33 million with a 15 basis point expansion in net interest margin to 3.55%, aided by loan balance growth and Main Street lending accretion.
- Assets under management (AUM) reached a record $465 billion at quarter-end, with $51 billion of organic inflows over the past 12 months.
- Carlyle delivered record fee-related earnings (FRE) of $323 million in Q2 2025, up 18% year-over-year, with year-to-date FRE at $634 million and a 48% margin.
- Corporate private equity returned nearly $15 billion to investors over the last 12 months, triple the industry average, with strong portfolio realizations and performance.
- Global Credit and Carlyle AlpInvest accounted for 55% of firm-wide FRE, up from less than 30% two years ago, reflecting diversification and growth.
- Management fees increased 7% to $590 million in Q2 and $1.1 billion year-to-date, while capital markets fees more than doubled to $48 million in Q2 and $126 million year-to-date.
- Adjusted earnings per share were $44.78 with an adjusted ROE of 11.00% and ROA of 1.07%.
- Adjusted net income was $607 million, exceeding expectations, driven by better-than-expected net interest income growth, lower credit costs, and expenses at the low end of guidance.
- Allowance ratio decreased 1 basis point to 1.18%, with strong reserve coverage and risk management framework.
- Deposits grew by $610 million or 0.4% sequentially, led by the Direct Bank and SVB Commercial segments.
- Loans declined modestly by $89 million or 0.1% sequentially, with growth in Global Fund Banking and General and Commercial Bank segments offset by declines in tech and healthcare portfolios.
- Net charge-offs declined by 8 basis points sequentially and were below guidance, concentrated in general office, investor-dependent, and equipment finance portfolios.
- Net interest income increased 2% sequentially, with headline NIM at 3.26% and NIM ex accretion up 2 basis points to 3.14%.
- Share repurchases totaled $613 million in the quarter, with a new $4 billion share repurchase plan approved to commence after the current plan.
Dafinchi