- Earnings per share diluted of $1.16, up 16% year over year.
- Net interest margin was 5.24%, slightly down from 5.31% last quarter.
- Non-interest expenses totaled $96.5 million, up $1.7 million due to strategic investments.
- Return on average assets was 1.69%, and return on tangible common equity was 16.39%.
- Tangible book value per share was $28.92, with capital ratios remaining strong (CET ratio 14.13%).
- Total core revenue increased 5.6% year over year to $184 million.
- Total interest expense increased to $45 million, up $3 million sequentially.
- Total interest income was $200 million, up $6 million sequentially.
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- Liquidity remained strong at over $1 billion, representing more than 50% of total equity.
- Net interest income increased due to new investments with attractive yields and swaps adding carry value.
- Over $130 million gains realized on the portfolio in Q3 from spread tightening.
- Raised $254 million in new capital in Q3, $776 million year-to-date, growing the portfolio by 10% since Q2 and over 50% since the start of the year.
- Third quarter net interest income did not include the impact of the September FOMC rate cut, expected to boost Q4 margins.
- Total economic return was 10.3% for the quarter and 11.5% year-to-date.
- Year-to-date shareholder returns were 20%, 23% over the last year, and nearly 72% over three years with dividends reinvested.
- Brookline Bancorp reported second quarter earnings of approximately $22 million or $0.25 per share.
- Customer deposits increased by $59 million and net interest margin improved by 10 basis points to 3.32%.
- Merger expenses were $439,000 and largely non-tax deductible, contributing to a higher effective tax rate.
- Net interest income increased by $2.9 million to $88.7 million, and fee income was slightly higher at $6 million, bringing total revenues to $94.7 million, up 3% from Q1 and 10% year-over-year.
- Noninterest expense, excluding merger charges, decreased by $1.3 million from Q1 to $57.7 million, with marketing expenses increasing by $503,000.
- Provision for credit losses was $7 million, $1 million higher than Q1, with total net charge-offs of $5.1 million and increased reserves for Boston office market credits.
- Reserve coverage increased to 132 basis points of total loans.
- The Board approved maintaining the quarterly dividend at $0.135 per share.
- The loan portfolio contracted by $61 million intentionally, with reductions in commercial real estate and specialty vehicles, while commercial and consumer loans grew.
- Earnings per share rose sharply by 86% to $2.49 compared to Q2 2024, driven by record collections and operational efficiency.
- Encore Capital Group reported strong Q2 2025 financial results with portfolio purchases up 32% to $367 million and collections increasing 20% to a record $655 million.
- Leverage improved slightly to 2.6x from 2.7x a year ago and remained flat compared to Q1 2025 despite increased portfolio purchases.
- Net income increased 82% to $59 million, with operating expenses growing 15% to $291 million, reflecting onboarding of new portfolios.
- Portfolio revenue increased 12% to $361 million, supported by a 14% growth in average receivable portfolios and improved portfolio yield of 35.5%.
- Adjusted EBITDA was $179 million with a margin of 50.8%, slightly above guidance due to positive asset mix and annual fee realization.
- Adjusted net income was $133 million or $1.57 per diluted share, a 15% increase in EPS from the prior quarter.
- GAAP operating margin was 26.8%, impacted by $53 million in acquisition-related restructuring and integration costs.
- Net leverage ratio improved to 1.2x, the lowest since IPO, and debt-to-equity ratio improved to 0.39.
- Revenue rose 60% from the prior quarter to $351.2 million, driven by the acquisition of Pioneer Investments.
- The Board increased the share repurchase authorization from $200 million to $500 million, the largest in company history.
- Total client assets increased by 76% quarter-over-quarter to over $300 billion, a record high for a quarter end.
- Book value per common share increased to $33.18, and adjusted book value per share grew to $34.93.
- Net investment income increased 20% year-over-year, supported by higher yields on fixed maturity investments.
- Second quarter net income was $0.87 per diluted share, with adjusted operating income of $0.90 per diluted share.
- The combined ratio improved by 9.2 points to 96.4%, with an underlying loss ratio improvement of 1.3 points to 57.6%.
- UFG Insurance reported record net written premium of $373 million in Q2 2025, a 14% increase driven by improved retention, new business production, and rate increases.
- Core bank ROA was approximately 1.38%, supported by a low cost of deposits around 1.75%.
- Core expenses normalized to approximately $21 million, with expected reductions from technology savings and amortization ending.
- Net interest income would have been $27.5 million excluding interest reversals, up from $26.4 million in Q1 and $24.9 million a year ago.
- Net interest margin (NIM) excluding consumer program effects was 3.15%, up from 3.13% last quarter and 2.80% a year ago.
- Noninterest income was $10.6 million, driven primarily by increased mortgage revenue.
- Pretax pre-provision earnings were about $8.4 million after adjustments for mortgage support costs and interest write-offs.
- Primis Financial Corp. reported $8.4 million in net income or $0.34 per share for Q2 2025, including a $7.5 million pretax gain on a portion of its interest in PFH.
- Provision expense was $1.2 million, with no provision required for the consumer program this quarter.
- Earnings per share increased 1% to $11.55, impacted by higher operating income offset by lower non-operating income and increased diluted share count.
- Net inflows for the quarter totaled $205 billion, reflecting 10% annualized organic base fee growth, the highest since 2021.
- Operating income was $2.6 billion, up 23% year over year.
- Operating margin was 44.6%, down 120 basis points year over year due to higher performance fees and related compensation.
- Organic base fee growth was 8% over the last twelve months, the highest in over four years.
- Performance fees increased 33% year over year to $516 million, with $270 million from HPS.
- Technology services and subscription revenue grew 28% year over year, boosted by the Preqin acquisition.
- Third quarter revenue reached $6.5 billion, a 25% increase year over year, driven by acquisitions and organic base fee growth.
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