- Old National’s tangible book value per share increased by 17% annualized over the last quarter.
- The company’s return on tangible common equity was 20%, with a ROA of 1.3%, both among the top decile of peers.
- Profitability was driven by margin expansion, fee income growth, and well-controlled expenses.
- Management highlighted that core EPS has grown 7.6% CAGR since 2018, with momentum heading into 2026.
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- East West Bank was ranked as the #1 Performing Bank above $50 billion in assets by Bank Director magazine for the third consecutive year, highlighting its industry-leading performance.
- This recognition underscores the bank's steady execution, customer focus, and resilience amidst market fluctuations.
- Management emphasized that this achievement is a testament to the ongoing efforts of their associates and strategic focus.
- The bank's consistent top ranking over multiple years indicates a sustained competitive advantage in the industry.
- Common Equity Tier 1 (CET1) ratio approached 12%, maintaining peer-leading capital ratios.
- Deposit balances increased while deposit costs declined, with total deposit cost down two basis points to 1.97%.
- Net charge-offs were stable at 42 basis points annualized, within the full-year target range of 40 to 45 basis points.
- Net interest income benefited from strong deposit and loan dynamics, achieving a 2.75% net interest margin (NIM), reaching year-end target one quarter early.
- Nonperforming assets declined 6% sequentially, and criticized loans decreased by 3%.
- Pre-provision net revenue increased by $33 million quarter-over-quarter, a 5% rise marking six consecutive quarters of improvement.
- Reported earnings per share of $0.41, with return on assets surpassing 1%.
- Revenues grew 17% year-over-year, adjusting for last year's securities portfolio repositioning.
- 1.28 million shares were repurchased in Q2 at an average price of $17.30.
- Allowance for credit losses was $78 million or 0.93% of gross loans, slightly down from Q1.
- Net charge-offs were $249,000 in Q2 compared to net recoveries in Q1; classified loans decreased to $73.42 million.
- Net earnings for Q2 2025 were $50.6 million or $0.36 per share, consistent with prior quarters, marking 193 consecutive quarters of profitability.
- Net interest income increased by $1.2 million from Q1 2025 to $111.6 million, with net interest margin stable at 3.31%.
- Noninterest expense decreased by $1.6 million to $57 million, improving the efficiency ratio to 45.6%.
- Noninterest income was $14.7 million, down $1.5 million from Q1 2025 due to absence of a $2.2 million gain on OREO sales.
- Return on average tangible common equity was 14.08% and return on average assets was 1.34%.
- Shareholders' equity increased by $11 million to $2.24 billion; tangible common equity ratio remained at 10%.
- Total deposits and customer repurchase agreements grew to $12.4 billion, up $123 million from Q1 2025 and $330 million year-over-year.
- Total loans declined slightly to $8.36 billion, with growth in commercial real estate and single-family loans offset by declines in C&I and dairy and livestock lines.
- The small dollar loan strategy, Live Oak Express, grew from nearly zero in 2023 to over $300 million in 2024.
- Management sees a long runway for continued market share growth in this segment.
- The program provides strong gain on sale premiums and is a key driver of revenue growth.
- Officially closed on June 1, 2025, marking the largest merger in the company's history.
- Achieved a flawless day-one brand transition and completed full systems conversion within two weeks.
- Maintained high client retention and grew balances post-merger, reinforcing client loyalty and relationship banking focus.
- Unified company culture, brand presence, and strategic vision, positioning for organic growth and long-term value creation.
- 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.
- Green Dot has begun repositioning a portion of its balance sheet to improve yields and profitability, with additional changes planned for the coming months.
- The company sold part of its bond portfolio in early Q2 and is now reinvesting in floating rate securities yielding between 5% and 7%.
- Management emphasized that these new securities are low-risk, highly liquid, and tied to SOFR, making them sensitive to overnight rate fluctuations.
- The strategic shift aims to turn the balance sheet into a profit generator while maintaining a conservative risk profile.
- This initiative is part of a broader effort to leverage the balance sheet for deposit growth and higher returns, moving beyond traditional fee revenue.
- The company is also reviewing and potentially adjusting its investment policy in consultation with the Board to support these initiatives.
- Capital ratios remained stable with CET1 ratio slightly increasing from 9.03% to 9.08%.
- Core deposits grew 11.5% annualized in Q3 and 7.4% year to date, reflecting strong deposit momentum.
- Fee income declined in Q3 due to lumpiness in swap fees but is expected to rebound in Q4.
- Loan balances increased 6.6% annualized in Q3 and 12% annualized year to date, driven by multiple asset classes including affordable housing.
- Net charge-offs remained very low at 0.03% of loans, and non-performing assets held steady at 0.19% of total assets, indicating strong asset quality.
- Net interest income increased by $1.6 million in Q3, supported by loan growth and a 1 basis point net interest margin expansion to 2.63%.
- Noninterest expenses were elevated due to systems conversion and marketing efforts, with 17 new full-time employees added in Q3.
- Tangible book value per share increased 20% annualized in Q3 and 14% annualized year to date, demonstrating consistent shareholder value creation.
- 30-day delinquency rate improved to 6.6%, down 50 basis points sequentially and 30 basis points year-over-year.
- Book value per share reached $36.43 at quarter end.
- Capital generation was $16.9 million in Q2, with $26.8 million year-to-date.
- Net credit loss rate was 11.9%, improving 50 basis points sequentially and 80 basis points year-over-year.
- Net receivables grew by $70 million sequentially and were up 10.5% year-over-year.
- Operating expense ratio improved to 13.2%, an all-time best and 60 basis points better year-over-year.
- Quarterly revenue reached a record $157 million, up 10% year-over-year.
- Regional Management delivered net income of $10.1 million and diluted EPS of $1.03 in Q2 2025, a 20% year-over-year improvement.
- Returned $17.6 million to shareholders year-to-date via $11.6 million in stock repurchases and $6.1 million in dividends.
- Total originations hit a record $510 million, up 20% year-over-year.
Dafinchi