- NBT Bancorp reported net income of $22.5 million or $0.44 per diluted common share for Q2 2025.
- Net interest margin increased 15 basis points to 3.59%, with net interest income at $124.2 million, up $17 million from the prior quarter.
- Noninterest income, excluding securities gains, was $46.8 million, down 1.5% sequentially but up 8% year-over-year.
- Operating earnings per share, excluding acquisition expenses and related items, were $0.88, up $0.08 from the prior quarter.
- Provision for loan losses was $17.8 million, up from $7.6 million in Q1 2025, driven by $13 million acquisition-related provision and a modest economic forecast deterioration.
- Revenues grew approximately 10.5% from the prior quarter and 22% year-over-year, driven by net interest income improvements and the Evans merger.
- Tangible book value per share was $24.57, 9% higher than a year ago, with a tangible equity ratio above pre-merger levels.
- Total operating expenses, excluding acquisition costs, were $105.4 million, a 6.3% increase from the prior quarter, mainly due to Evans acquisition and merit pay increases.
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- Consolidated operating margins expanded by more than 112 basis points over prior year.
- Digital transactions in Money Transfer grew 29%, and digital payout product volume increased 20% year-over-year.
- EFT segment revenue grew 6%, with operating income and adjusted EBITDA in line with prior year results.
- Ended Q2 with $1.3 billion in unrestricted cash and $2.4 billion in debt, with cash decrease mainly due to stock repurchases.
- epay segment grew revenue 5%, operating income 17%, and EBITDA 15% year-over-year.
- Euronet delivered revenue of $1.1 billion, operating income of $159 million, adjusted EBITDA of $206 million, and adjusted EPS of $2.56 in Q2 2025.
- Higher interest expense and income taxes impacted EPS by about $0.05 each in Q2.
- Money Transfer revenue, operating income, and adjusted EBITDA grew 6%, 33%, and 28%, respectively.
- Money Transfer segment achieved 33% constant currency operating income growth year-over-year despite macro uncertainties.
- Adjusted EBITDA was $195.7 million.
- Gain on sale margin increased to 113 basis points, up 19 basis points from Q1 2025.
- MSR portfolio stood at $211.2 billion UPB with a weighted average coupon of 5.51%.
- Net income was $314.5 million, including a $111 million decline in fair value of MSRs.
- Purchase originations totaled $27.3 billion, marking the third-best purchase quarter ever and tracking to over $100 billion for the year.
- Refinance volume doubled year-over-year to $12.4 billion, representing about 11% of the industry volume despite owning only 2% of the servicing market.
- Total equity increased to $1.7 billion and cash position was $490 million with total available liquidity of $2.2 billion.
- UWM reported $39.7 billion in production volume for Q2 2025, the best quarter since 2021 and nearly 20% higher than Q2 2024.
- Allowance for credit losses ratio increased to 1.50% due to a single $24 million CRE office loan moving to nonaccrual, significantly increasing quarterly credit loss expense.
- Loan growth was solid at 7.4%, with commercial loan production of $215 million, the highest in the last 6 quarters.
- MidWestOne reported net income of $10 million or $0.48 per diluted common share for Q2 2025.
- Net interest income increased by $2.5 million to $50 million compared to the linked quarter, driven by higher earning asset volumes and yields and lower funding costs.
- Noninterest income was $10.2 million, slightly up from $10.1 million in the linked quarter, driven by wealth management, card revenue, mortgage origination fees, and SBA gain on sale revenue.
- Outside the single loan, asset quality improved with a 32 basis point decrease in criticized asset ratio and net charge-offs of only 2 basis points.
- Tax equivalent net interest margin and core net interest margin both expanded 13 basis points to 3.57% and 3.49%, respectively.
- Total noninterest expense was $35.8 million, a decrease of $0.5 million from the linked quarter, helped by $1.1 million in tax credit funds and a $200,000 decrease in core data processing expense.
- Average yields improved to 5.46% from 5.41% in the prior quarter, with average repo rate improving by 3 basis points to 4.5%.
- Book value per share increased 4.3% quarter-over-quarter to $19.25.
- Earnings available for distribution (EAD) per share was $0.73, exceeding the dividend of $0.70 for the quarter.
- Economic leverage ratio modestly decreased to 5.7x with $8.6 billion of repo principal added at attractive spreads.
- Efficiency ratios improved, with OpEx-to-equity ratio at 1.34%, one of the lowest in the mortgage REIT sector.
- Generated an economic return of 8.1% for Q3 2025 and 11.5% year-to-date, marking 8 consecutive quarters of positive economic returns.
- Net interest spread ex-PAA increased to 1.5%, with net interest margin ex-PAA stable at 1.7%.
- Residential Credit yields rose to 6.29% driven by record securitization and loan purchases.
- Catastrophe losses were $99 million, slightly higher than the prior year's $90 million, but the impact on the combined ratio remained flat.
- Financial leverage remained low at 23.4%, and after-tax unrealized investment losses improved by $120 million to $249 million.
- Net income per diluted share increased 8.7% year-over-year to $1.00 or $401 million, with an annualized return on beginning of year equity of 19.1%.
- Net premiums earned reached a quarterly record of $3.1 billion, and net premiums written hit a record $3.4 billion, with growth across all lines and segments.
- Operating earnings were $420 million or $1.05 per share, yielding a 20% annualized return on beginning of year equity, excluding after-tax foreign currency gains and losses.
- Ordinary and special dividends totaled $224 million, with book value per share growth before dividends at 6.8% for the quarter and 14.3% year-to-date.
- Record net investment income of $379 million was driven by growth in invested assets and higher new money rates on fixed maturity securities, with a book yield increase to 4.7%.
- Stockholders' equity increased by over $380 million or 4.3% to a record $9.3 billion.
- The accident year combined ratio before catastrophe losses was 88.4%, with a loss ratio excluding cats of 59.9% and an expense ratio of 28.5%.
- The effective tax rate was 23.2%, above the U.S. statutory rate due to foreign and state taxes.
- Allowance for credit losses was 10.35% of loan receivables, down 24 basis points from prior quarter.
- Capital ratios improved with CET1 at 13.7%, Tier 1 capital ratio at 14.9%, and total capital ratio at 17%.
- Efficiency ratio increased 140 basis points to 32.6% due to higher expenses and RSAs impact.
- Net earnings of $1.1 billion or $2.86 per diluted share in Q3 2025.
- Net interest income increased 2% to $4.7 billion, with net interest margin up 58 basis points to 15.62%.
- Provision for credit losses decreased by $451 million to $1.1 billion, driven by lower net charge-offs and reserve releases.
- Purchase volume grew 2% year-over-year to $46 billion across five platforms.
- Return on average assets was 3.6%, and return on tangible common equity was 30.6%.
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