- A quarterly cash dividend of $0.20 per common share was approved, marking the 114th consecutive quarterly dividend.
- Asset quality remained strong with classified loans decreasing 3% to $145 million or 1.4% of total loans.
- Capital levels remained robust with a common equity Tier 1 capital ratio of 11% and tangible book value per share of $19.34.
- Commercial and industrial loans increased 8% for the quarter.
- Earnings per share were $0.28 on a fully diluted GAAP basis and $0.31 on a core basis for Q2 2025.
- Net charge-offs were $2.2 million, primarily from two commercial credits and a small sale of nonperforming residential loans.
- Net interest income grew by $1 million with net interest margin expanding by 1 basis point.
- Operating expenses were $71 million, in line with expectations and previous guidance.
- The company repurchased 1 million shares at a weighted average cost of $17.17 and redeemed $57 million of preferred stock.
- Total loans increased by $60 million, representing a 2% annualized growth rate, driven by strong originations of $716 million.
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- 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.
- Earnings per share (EPS) for the quarter was $1.76, a 21% increase from the prior quarter.
- Net interest income increased by $6.7 million or about 10% quarter over quarter, driven by loan growth and lower funding costs.
- Net interest margin (NIM) expanded by 15 basis points to 3.83%, marking the seventh consecutive quarter of margin expansion.
- Non-interest expenses were flat at $43.1 million with some offsetting movements in payroll taxes, professional fees, IT project costs, licensing, and other expenses.
- Non-interest expense was flat at $43.1 million, with some offsetting movements in compensation, professional fees, IT project costs, licensing, and other expenses.
- Non-interest income declined by $1 million primarily due to a one-time income recognition in the prior quarter.
- Provision expense increased to $6.4 million due to loan growth, macroeconomic factors, and a $2.4 million reserve for a single non-performing loan.
- Second quarter loans increased by $271 million or 4.3%, and core deposits rose by $342 million or 5.3%.
- Tangible book value per share increased by more than 4% to $68.44, the tenth consecutive quarter of book value accretion.
- Total revenue grew 8% quarter over quarter to $76.2 million, and net income rose more than 15% to $18.8 million.
- Total revenue grew 8% quarter over quarter to $76.2 million, with net income rising over 15% to $18.8 million.
- Allowance for credit losses decreased by $11.7 million; provision for credit losses was $6.1 million, including $6 million for net charge-offs and $2.2 million due to macroeconomic factors, offset by releases due to loan growth and recoveries.
- Assets under management increased by $132.42 million to $3.1 billion, driven by higher market valuations and net new assets.
- Classified loans increased by $9.3 million or 4.5% to $215.4 million due to downgrades in CRE and commercial loans, partially offset by $50 million in charge-offs, payoffs, and loans sold.
- Core efficiency ratio was 66.35%, core ROA was 0.94%, and core ROE was 10.49%.
- Gross loans were down by $30 million to $7.2 billion, primarily due to increased prepayments offsetting loan production and some loans originated but not yet funded.
- Net interest income was $90.5 million, up $4.6 million, driven by higher average balances of securities and lower average balances and rates on time deposits.
- Net interest margin (NIM) was 3.81%, higher than projected due to recovery of interest on commercial loans including a fully paid off nonaccrual loan and a fully charged off loan.
- Noninterest income was $19.8 million, while noninterest expense was $74.4 million, higher than the guided $71.5 million due to noncore expenses and increased customer derivatives expenses.
- Nonperforming loans decreased by $41 million due to payoffs, loans sold, paydowns, and charge-offs.
- Pre-provision net revenue (PPNR) was $35.9 million in 2Q '25 compared to $33.9 million in 1Q '25; core PPNR was $37.1 million, up 17.7% from $31.5 million in 1Q '25.
- Provision for credit losses was $6.1 million, down $12.4 million from $18.4 million in the first quarter.
- Return on assets (ROA) improved to 0.90% and return on equity (ROE) to 10.1%, compared to 0.48% and 5.3% respectively in the prior quarter.
- Total assets reached $10.3 billion as of the close of the second quarter.
- Total deposits increased by $151.6 million to $8.3 billion, driven by growth in core deposits and a planned reduction of $51 million in broker deposits.
- Total investment securities were $2 billion, up by $209.2 million, including $120 million mortgage-backed securities classified as trading securities and $87 million available for sale.
- Annualized net interest margin improved to 3.68%, up 25 basis points from the prior year and 11 basis points from Q1 2025.
- Capital position remained strong with total stockholders' equity at $622.4 million, representing 10.6% of total assets and a book value of $54.61 per share.
- Loan portfolio declined 3.3% to $4.6 billion due to higher loan payoffs, including a $30 million payoff on the last day of the quarter.
- Net income for Q2 2025 was $19.8 million or $1.72 per diluted common share, up from $17.0 million or $1.45 per share in Q2 2024.
- Net interest income increased to $51.0 million, an 8.9% improvement year-over-year, supported by higher loan and investment yields and lower funding costs.
- Noninterest expenses declined 3.9% year-over-year to $35.0 million, driven by lower legal and professional fees and reduced expenses on other real estate owned, partially offset by increased technology investments.
- Noninterest income decreased 16.5% year-over-year to $8.2 million, impacted by timing of tax credit partnership income and prior year software vendor termination income.
- Nonperforming assets were $8.1 million or 0.14% of total assets, with net recoveries on loans of $111,000 and no provision for credit losses on outstanding loans.
- The company redeemed $75 million of subordinated notes early, saving future interest costs, and repurchased nearly 176,000 shares in the quarter.
- Total deposits were $4.68 billion at quarter end, up 1.7% from December 31, 2024, but down 1.6% from Q1 2025, with brokered deposits and checking accounts increasing while retail CDs declined.
- Diluted EPS was $0.33 and tangible book value per share was $11.53.
- Effective tax rate was 29% due to a California tax law change, with a long-term statutory tax rate expectation reduced to 25.5%.
- GAAP net income more than doubled to $38 million from $15 million last year, achieving an ROTCE of nearly 12%, surpassing the 8% target set at the beginning of the year.
- LendingClub delivered 32% year-on-year growth in originations and 33% growth in revenue in Q2 2025.
- Net charge-off ratio improved to 3% from 6.2% last year, though expected to rise modestly as newer vintages season.
- Net interest margin improved to 6.1%, benefiting from repricing of deposit portfolios.
- Noninterest expense was $155 million, up 17%, mainly due to a 26% increase in marketing spend.
- Originations reached $2.4 billion, driven by paid marketing initiatives and product enhancements.
- Pre-provision net revenue (PPNR) was $94 million, up 70% year-over-year and above guidance.
- Provision for credit losses was $40 million, modestly up from $36 million last year, with a provision benefit of approximately $9 million due to credit outperformance.
- Total revenue was $248 million, up 33% year-over-year, with noninterest income at $94 million (up 60%) and net interest income at $154 million (up 20%).
- Allowance for credit losses was $51.6 million or 1.26% of gross loans, down from $54.9 million in the prior quarter.
- Earnings for the June quarter were $1.39 diluted, unchanged from the prior quarter but up 17% year-over-year.
- Full year fiscal '25 earnings were $5.18 compared to $4.42 in fiscal '24, driven by stronger net interest income from 7% earning asset growth and net interest margin expansion.
- Net charge-offs totaled $5.3 million for the quarter, primarily from a special purpose CRE loan and a commercial contractor credit.
- Net interest margin for the quarter was 3.46%, up from 3.39% in the prior quarter, benefiting from higher loan yields and deployment of excess cash into loans.
- Noninterest expense rose 2.3% due to $425,000 consulting expenses and increased data processing costs.
- Noninterest income increased 9.2% quarter-over-quarter, driven by an additional card network bonus of $537,000.
- Provision for credit losses increased to $2.5 million from $932,000 in the prior quarter due to net charge-offs and loan growth.
- Quarterly dividend increased by $0.02 or 8.7% to $0.25 per share.
- Return on average assets was 1.21% and return on average equity was 11.4% for fiscal 2025.
- Tangible book value per share increased by $5.19 or just above 14% over the last 12 months to $41.87.
- Allowance for credit losses was $81.9 million or 78 basis points of loans, covering over five times trailing net charge-offs.
- Deposits increased 4.3% year over year but decreased 1.4% sequentially due to seasonal municipal deposit outflows.
- GAAP earnings per share were $0.97, up 6.6% year over year and 4.3% sequentially.
- Loans grew $98 million sequentially and $495.3 million year over year, driven by consumer indirect lending and business lending.
- Net charge-offs were $5.1 million or 20 basis points annualized, elevated due to one CRE loan charge-off.
- Net interest income was $124.7 million, up 14% year over year and 3.8% sequentially, marking the fifth consecutive quarter of growth.
- Net interest margin increased 6 basis points to 3.3%.
- Noninterest expenses increased 8.5% year over year, driven by salaries, data processing, restructuring charges, and branch expansion costs.
- Nonperforming loans decreased sequentially and were stable year over year at about 50 basis points of total loans.
- Operating earnings per share were $1.04, a record quarterly result, up from $0.95 a year ago and $0.98 last quarter.
- Provision for credit losses was $4.1 million, higher than prior year but lower than last quarter.
- Ameris Bancorp reported net income of $109.8 million or $1.60 per diluted share in Q2, a 21% increase year-over-year.
- Capital ratios strengthened with common equity Tier 1 at 13% and tangible common equity (TCE) ratio at 11.09%.
- Deposits increased slightly by $20 million, with noninterest-bearing deposits growing to 31% of total deposits.
- Loan growth was 6.5% annualized, driven mostly by commercial and industrial (C&I) loans, with total loan production at $1.9 billion.
- Provision for credit losses was $2.8 million, with asset quality improving across nonperforming assets, net charge-offs, and classified loans.
- Return on assets (ROA) improved to 1.65%, return on tangible common equity (ROTE) rose to 15.8%, and the efficiency ratio improved to 51.63%.
- Revenue grew at an annualized rate of 20.9%, outpacing expense growth, with net interest margin (NIM) expanding 4 basis points to 3.77%.
- Adjusted non-interest income increased 6% linked quarter, driven by record fee income in wealth management and capital markets excluding CBA.
- Adjusted pretax pre-provision income increased 4% year over year to $830 million.
- Average loans grew modestly, with year-to-date loan commitments increasing by approximately $2 billion.
- Net interest income was relatively stable quarter over quarter, with net interest margin declining six basis points.
- Reported strong quarterly earnings of $548 million, with adjusted earnings of $561 million or $0.63 per share.
- Return on tangible common equity was strong at 19%.
- Top quartile deposit growth and above peer median market share change per FDIC data.
- Total average deposits and accounts grew across consumer checking, small business, and wealth management.
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