- Allowance for credit losses rose to $75 million or 1.43% of total loans, reflecting acquisition-related provisions and portfolio mix changes.
- GAAP net income was $9.9 million or $0.18 per diluted share in Q3 2025, with adjusted net income excluding acquisition impacts at $28.4 million or $0.53 per diluted share.
- Net interest margin (NIM) improved to 5.05%, up 20 basis points from last quarter and 41 basis points year-over-year.
- Net loan charge-offs were $5.1 million, mainly from the Powersport portfolio and transportation industry.
- Noninterest expense increased by $19.7 million from the prior quarter, including $11.8 million in acquisition-related costs.
- Noninterest income grew, driven by a 26.1% increase in wealth management fees and a 10% increase in service charges on deposits.
- Return on assets was 0.56%, and return on average tangible common equity was 6.16% for the quarter.
- Total loans increased by $1.27 billion primarily due to the Bancorp Financial acquisition, with loan-to-deposit ratio rising to 91.4%.
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- OceanFirst added C&I bankers, launched the Premier Bank, and opened a new commercial banking office in Melville, NY, and a full-service branch in Perth Amboy, NJ, all of which increased expenses as guided.
- The company views this quarter as a trough in EPS, with expectations of organic growth momentum continuing and improved profitability in subsequent quarters.
- Commercial pipeline reached a record high of $791 million, with strong early success in gathering deposits and expanding lending opportunities.
- Adjusted pretax margin improved 1% to 8.5%.
- Agency gross revenues increased $61 million or 25%, net agent revenues up 21%.
- Domestic commercial revenues increased $24 million or 46%, with average fee per file increasing 25% to $16,900.
- Domestic residential fee per file slightly declined to $2,900 from $3,000 last year.
- Employee cost ratio improved to 30% from 31%, other operating expense ratio improved to 25% from 26%.
- Net cash provided by operations improved by $32 million compared to last year.
- On an adjusted basis, second quarter net income was $38 million or $1.34 per diluted share compared to $25 million or $0.91 per diluted share last year.
- Real estate solutions segment revenues improved $20 million or 22%, with adjusted pretax income 15% higher.
- Stewart reported second quarter net income of $32 million or $1.13 per diluted share based on revenues of $722 million.
- Title pretax income improved by $16 million or 48%, with adjusted pretax income $52 million, 35% better than last year.
- Title segment operating revenues improved $96 million or 19%, driven by both direct and agency title operations.
- Total cash and investments were approximately $390 million in excess of statutory premium reserve requirements.
- Total stockholders' equity at June 30 was approximately $1.4 billion with a book value of $51 per share.
- Total title loss expense increased slightly to $22 million, but title loss ratio improved to 3.6% from 4.2% last year.
- Interest and fee income on client balances decreased 11% year-over-year due to lower short-term interest rates but increased modestly sequentially.
- Net operating revenues increased 4% year-over-year, driven by growth in securities, payments, and FX CFDs, offset by declines in physical contracts, listed and OTC derivatives.
- Segment performance varied: Commercial segment revenues declined 24% with segment income down 36%, Institutional segment achieved record revenues and income growth of 27% and 41%, respectively, and Self-directed retail segment revenues and income increased 18% and 49%.
- StoneX reported Q3 fiscal 2025 net income of $63.4 million with diluted EPS of $1.22, reflecting 2% net income growth but a 2% decline in EPS due to increased shares outstanding.
- Trailing 12-month results showed operating revenues up 17%, net income up 26% to $296.9 million, EPS of $5.87, and return on equity of 16.6%, exceeding the 15% target.
- First-half revenues reached $672 million, up 39% from the prior year period, driven primarily by growth in M&A and capital markets.
- Moelis & Company reported $365 million in revenues for Q2 2025, a 38% increase year-over-year and the highest second quarter revenues on record.
- Non-compensation expense ratio for Q2 was 14.4%, with an expected full-year growth of approximately 15% compared to the prior year.
- The Board declared a regular quarterly dividend of $0.65 per share, unchanged from the prior period.
- The corporate tax rate was accrued at 29.5%, consistent with Q1's underlying tax rate prior to a discrete tax benefit.
- The firm maintains a strong balance sheet with $475 million in cash and liquid investments and no debt.
- The second-quarter compensation expense ratio was accrued at 69%, consistent with the previous quarter.
- Consolidated operating income for Q2 2025 was $1.1 billion, up from $410 million in Q2 2024, driven largely by unrealized gains on the equity portfolio.
- Expense ratio increased to 36.3% from 34.5% due to severance, professional fees, and controllable expense increases, with a commitment to reduce controllable expenses over time.
- Favorable reserve development of 6 points was reported in the first half of 2025 despite reserve strengthening in runoff lines.
- Gross written premiums in Markel Insurance were down 2% in Q2 2025 but net earned premiums were up 3%, reflecting underwriting actions to improve profitability.
- Investments operating income rose to $822 million in Q2 2025 from $100 million a year ago, with a 5.4% return on the equity portfolio and $597 million in mark-to-market gains.
- Markel Group shares have compounded at an annual growth rate of over 16% over the last 5 years.
- Markel Insurance combined ratio was 96.9% in Q2 2025 versus 93.8% a year ago, impacted by adverse development in discontinued product lines and runoff businesses.
- Markel Insurance operating income declined to $128 million in Q2 2025 from $177 million a year ago due to less favorable prior year loss development and a higher expense ratio.
- Markel Ventures funded all capital expenditures internally and generated cash for share repurchases and other uses.
- Markel Ventures revenues increased 7% to $1.55 billion in Q2 2025, with operating income up 17% to $208 million, driven by acquisitions and growth in construction services.
- Net investment income was $228 million in Q2 2025, slightly up from $220 million in Q2 2024, with fixed income yields improving but moderated by lower short-term interest rates.
- Ameriprise reported adjusted operating EPS growth of 7% to $9.11 with a strong margin of 27%.
- Ameriprise returned 81% of operating earnings to shareholders in the quarter and plans to increase payout ratio to 85% for the second half of the year.
- Asset management operating earnings increased 2% to $222 million with margins at 39%.
- Free cash flow generation remains strong with a 90% free cash flow conversion rate across segments.
- Retirement and Protection Solutions earnings increased 9% to $214 million, driven by favorable life claims and strong interest earnings.
- Return on equity remains very strong at 52%, among the industry's best.
- The bank's total assets increased 6%, with good loan growth and spread earnings.
- Total revenues increased 4% driven by asset growth and strong transactional activity.
- Wealth management client assets grew 11% to a record $1.1 trillion, with wrap assets up 15%.
- Adjusted EPS excluding goodwill impairment was $2.24 with adjusted ROTCE of 9.7%.
- Cost of credit was $2.5 billion, primarily from U.S. Card net credit losses and firm-wide ACL build.
- Expenses up 9% to $14.3 billion, but adjusted expenses up only 3%, driven by compensation and severance.
- Net interest income excluding markets rose 6%, driven by USPB, services, wealth, and banking.
- Non-interest revenues excluding markets increased 12%, led by banking and wealth.
- Positive operating leverage generated for the firm and each of the five businesses.
- Reported net income of $3.8 billion and EPS of $1.86 with ROTCE of 8%.
- Revenues increased 9% year-over-year, with every business achieving record third-quarter revenue.
Dafinchi