- Allowance for credit losses on loans was $346 million, covering nonperforming assets by 3.47x.
- Deposits were $27.4 billion at June 30, 2025, down 1.6% year-over-year and 2% linked quarter, mainly due to seasonal public fund deposit declines and disciplined pricing.
- Earnings per diluted common share increased 21% to $1.42 from $1.17 year-over-year.
- Excluding one-time items in Q2 2024, net income increased 16% and EPS increased 16.4%.
- Loans totaled $22.1 billion at June 30, 2025, down slightly year-over-year but up 1% linked quarter.
- Net income for Q2 2025 was $135 million, up 21% from $111 million in Q2 2024.
- Net interest margin (tax equivalent) was 3.18% in Q2 2025, up from 2.94% in Q2 2024 and 3.14% in Q1 2025.
- Nonperforming assets increased to $110 million or 33 basis points of average interest-earning assets, compared to $89 million or 25 basis points a year ago.
- Return on average assets was 1.41% and return on average tangible common equity was 13.44% for Q2 2025, both improved from prior year.
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- Adjusted EBITDA increased by 128% or $66 million in the second quarter and more than doubled to $356 million in the first half.
- Adjusted EBITDA margin was 17% in the quarter and 23% year-to-date, an increase of nearly 500 basis points versus last year.
- Benefits and Insurance segment revenue was $102 million, up approximately 5%, with adjusted EBITDA up 21% and margin improving by 260 basis points.
- Financial Services segment revenue was $570 million, up approximately 84%, with adjusted EBITDA more than doubling to $111 million and margin improving by 250 basis points.
- Second quarter adjusted diluted earnings per share increased by 64% to $0.95 per share, and first half adjusted diluted earnings per share increased by 47% to $3.26 per share.
- Second quarter interest expense was higher by $22 million compared to last year, driven by higher outstanding debt associated with the acquisition.
- Second quarter revenue was $684 million, and first half revenue was $1.5 billion, a 63% and 66% increase, respectively, largely driven by the Marcum acquisition.
- Second quarter tax expense was $7 million higher than last year, with an effective tax rate lower by approximately 240 basis points compared to last year.
- Adjusted EBITDA was $66 million, representing a 25% margin despite a $7 million headwind from interest income, marking the fifth consecutive quarter of positive adjusted EBITDA excluding interest income.
- Customer funds held increased 17% year-over-year to $7 billion, partially offsetting lower interest income due to rate declines.
- Net income was $19 million, down from $32 million in the prior year quarter, with basic and diluted EPS at $0.05 versus $0.09 previously.
- Operating expenses rose 19% driven by labor costs, transaction costs, acquisitions, and investments in card products and technology.
- Payoneer reported Q2 2025 revenues of $261 million, up 9% year-over-year, with revenue excluding interest income reaching a record $202 million, up 16% year-over-year.
- Transaction costs increased 10% to $41 million but decreased as a percentage of revenue excluding interest income, reflecting operational efficiencies.
- Achieved record revenue of $226.3 million, up 5% YoY.
- Adjusted earnings per share of $0.74, return on assets of 1.54%, and return on tangible common equity of 20%.
- Profitability primarily driven by a robust net interest margin of 4.05%, a 17 basis point increase from Q1.
- Attritional combined ratio improved 2.3 points year-over-year to 90.9% in the first half, driven by improvements in loss ratio, acquisition costs, and operating expenses.
- Core combined ratio improved by 3.8 points year-over-year to 89.5% in Q2, marking the 11th consecutive quarter of underwriting profit.
- Gross written premiums grew 10% in Q2 and 14% year-to-date, with net premiums growing 8% in Q2 and 14% in the first half.
- Half year underwriting income was $96 million with core combined ratio of 92.4%, showing slight improvement despite catastrophe losses.
- Insurance & Services segment saw net premium growth of 15% in Q2, outpacing gross premium growth due to increased retention.
- Net investment income was $68 million in Q2, tracking in line with full-year guidance of $265 million to $275 million.
- Second quarter BSCR ratio was 223%, within target range, supporting organic growth opportunities.
- SiriusPoint delivered strong Q2 2025 results with an underlying return on equity (ROE) of 17%, exceeding the target range of 12% to 15%.
- Underlying earnings per share increased over 100% year-over-year to $0.66 in Q2; diluted book value per share grew 4% in Q2 and 10% year-to-date.
- Year-to-date underlying ROE was 15.4%, at the upper end of the target range despite losses from aviation and California wildfires.
- 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%.
- Hippo achieved positive net income from operating activities for the first time, with Q2 net income of $1 million and adjusted net income of $17 million, reflecting a $41 million and $37 million improvement respectively compared to Q2 2024.
- Hippo reported gross written premium growth of 16% year-over-year to $299 million in Q2 2025, driven by organic growth and new hybrid fronting programs.
- Operating expenses decreased by 16% year-over-year, falling from 46% to 30% of revenue, demonstrating improved operating leverage.
- Revenue increased 31% year-over-year to $117 million, supported by a 12% growth in gross earned premium and a 9 percentage point increase in premium retention to 39%.
- The consolidated net loss ratio improved significantly by 46 percentage points year-over-year to 47%, aided by underwriting actions, claims improvements, and favorable reserve developments.
- Eagle Bancorp reported progress in addressing asset quality issues, with a focus on the office portfolio which saw criticized loans decline from $302 million in March to $113.1 million in September.
- The company moved $121 million of criticized office loans to held for sale during Q3 and is actively working with buyers to sell these assets.
- Independent credit evaluations and internal reviews of CRE exposures support the adequacy of current provisioning, indicating management's confidence in the reserve levels.
- Management expects to complete the sale of a portion of held-for-sale assets by the end of 2025, aiming to reduce valuation stress and improve asset quality.
- Adjusted EBITDA was $31.8 million, representing a 42% margin.
- Adjusted net income was $19.1 million or $0.20 per share.
- Free cash flow was $22.6 million, with a 71% free cash flow conversion rate.
- Net leverage stood at approximately 2.5x with total debt of $507.5 million, including a $220 million convertible note due in February 2026.
- REPAY reported Q2 2025 revenue of $75.6 million, a 1% year-over-year increase.
- Reported gross profit declined 2% year-over-year, impacted by client losses and political media contributions; excluding these, gross profit grew single-digit year-over-year.
- The company repurchased approximately 7.9 million shares year-to-date for $38 million.
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