- Adjusted non-interest expenses were $344 million, reflecting two months of Bremer operations, with positive operating leverage year over year.
- Adjusted non-interest income was $112 million, reflecting growth in wealth, mortgage, and capital markets.
- CET1 ratio was 10.74%, approximately 50 basis points higher than expected post-Bremer close.
- CET1 ratio was better than expected at 10.74%, about 50 basis points higher than modeled post-Bremer.
- Criticized and classified loans decreased by approximately 9% excluding Bremer, and allowance for credit losses improved by 8 basis points to 1.24%.
- Loan growth excluding Bremer was 3.7% annualized from last quarter, in line with guidance, with strong commercial and C&I loan production.
- Loan growth excluding Bremer was 3.7% annualized from last quarter, in line with guidance, with strong commercial and industrial loan production.
- Net charge-offs were 24 basis points, or 21 basis points excluding charge-offs on PCD loans, with non-accrual loans declining 5 basis points during the quarter.
- Net interest income and margin increased driven by Bremer, organic loan growth, and securities portfolio repositioning.
- Old National reported GAAP 2Q earnings per share of $0.34, with adjusted EPS of $0.53 excluding $0.19 of net merger-related expenses, representing an 18% increase over the prior quarter and 15% year over year.
- Tangible book value per share increased by 14% year over year despite the impact of the Bremer partnership.
- Total deposits increased by $13.3 billion, with core deposits ex-brokered up $11.6 billion.
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- Credit quality remained strong with stable nonperforming loans and charge-offs at 11 basis points, unchanged from Q1.
- Deposit growth was strong at over $2 billion, with total assets growing to $69 billion including a $425 million preferred stock offering.
- Net interest income reached a quarterly record of $547 million, driven by $2.3 billion loan growth in Q2.
- Net interest margin remained stable at 3.54%, within the target range.
- Noninterest expenses rose by $15.4 million to $381.5 million, primarily due to higher salaries, benefits, and marketing expenses.
- Noninterest income increased by $7.5 million to $124.1 million, driven by mortgage banking and wealth management revenue growth.
- Tangible book value per share continued to grow, maintaining a consistent upward trend since becoming public.
- Wintrust reported record quarterly net income of $195.5 million, up from $189 million last quarter.
- A $12 million pretax gain from sale of multifamily loans and a $5.5 million noncash deferred tax impairment impacted net income this quarter.
- Axos Financial delivered strong Q4 fiscal 2025 results with $856 million net loan growth linked quarter and 6 basis points net interest margin expansion.
- Net income was approximately $110.7 million, with diluted EPS of $1.92, compared to $105.2 million and $1.81 respectively in the prior quarter.
- Net interest income was $280 million, up 7.7% year-over-year, and net interest margin was 4.84%, up from 4.78% in the prior quarter.
- Nonaccrual loans declined by $15 million linked quarter, improving the nonaccrual loans to total loans ratio to 79 basis points.
- Noninterest expenses increased 3% from prior quarter, excluding a $2 million legal accrual reversal, with salaries and benefits roughly flat.
- Total deposits increased 7.6% year-over-year to $21 billion, with a diverse deposit base supporting organic loan growth.
- The bank increased quarterly dividend to $0.50 per share, a 14% rise, reflecting strong business performance.
- New share repurchase authorization of 1.5 million shares was announced, following the completion of the current program.
- Management emphasized a shift towards balancing capital return strategies, prioritizing dividends over aggressive buybacks.
- Discussions on potential M&A activity are ongoing, with a disciplined approach to pricing and private equity competition.
- The rebalancing aims to maintain a payout ratio around 108-110%, supporting long-term shareholder value.
- 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%).
- Adjusted diluted EPS was $0.39 for the quarter.
- Declines were driven by lower U.S. agent count, broker fees, and revenue from previous acquisitions, partially offset by new revenue streams including RE/MAX Media Network and lead concierge initiatives.
- Revenue excluding marketing funds was $54.5 million, down 6.8% year-over-year due to negative organic growth of 5.7% and adverse foreign currency movements of 1.1%.
- Selling, operating, and administrative expenses decreased by $1 million or 2.8% to $33.9 million, primarily due to lower personnel expenses partially offset by severance and investments in flagship websites.
- Total leverage ratio was 3.58:1 as of June 30, consistent with March 31, with expectations to decrease in the second half of the year.
- Total revenue for Q2 2025 was $72.8 million, with adjusted EBITDA of $26.3 million and an adjusted EBITDA margin of 36.1%, up 30 basis points from Q2 2024.
Dafinchi