Dafinchi AI

Pebblebrook Hotel Trust

PEB

2025 Q2

Financial Services

2mo

Financial Performance Summary

Adjusted EBITDA was $117 million, $6.5 million above midpoint.
Adjusted FFO was $0.65 per share, $0.06 ahead of midpoint.
Business interruption proceeds from LaPlaya insurance claims were $1.5 million above outlook, totaling $3.2 million.
Ended Q2 with $267 million cash on hand, $49 million increase from last quarter; $640 million revolver availability.
Energy costs decreased 2.1% due to efficiency efforts.
Excluding Los Angeles and adjusting for last year's tax credits, same-property hotel EBITDA increased by $2.5 million year-over-year.
Hotel expenses excluding fixed costs rose 1.7% year-over-year; expenses per occupied room declined 0.8%.
Invested $21 million in portfolio during the quarter; on track for $65 million to $75 million in 2025.
LaPlaya resort fully restored; full year BI income forecast increased to $11.5 million from $8.5 million.
Los Angeles caused a $2.2 million EBITDA headwind, about $700,000 more than anticipated.
Newport Harbor Island Resort outperformed expectations with a $1.8 million EBITDA beat.
Out-of-room revenues at resorts rose 3.3%, led by food and beverage growth of 2.5%.
Portland RevPAR climbed 10.4%, San Diego urban hotels posted 8.6% RevPAR growth.
Property insurance renewal reduced premiums by roughly 10% with a 13% rate drop and 4% increase in insurable values.
Resort total RevPAR increased 0.6% with a 1-point occupancy gain offsetting a nearly 3% ADR decline.
Same-property hotel EBITDA totaled $115.8 million for the quarter, $1.8 million ahead of midpoint.
Same-property total property RevPAR grew 1.3% year-over-year; excluding Los Angeles, RevPAR rose 2.7%.
Same-property total revenues grew 1.3%, 2.7% excluding Los Angeles.
San Francisco led with a 15.2% RevPAR increase, driven by occupancy gains and strong business and leisure demand.
Urban portfolio RevPAR increased 1.7% overall and 4.1% excluding Los Angeles.
Weighted average interest cost is 4.2%, with 90% to 96% of debt fixed.

Trustmark Corporation

TRMK

2025 Q2

Financial Services

3mo

Financial Performance Summary

Capital ratios increased: CET1 ratio up 7 basis points to 11.7%, total risk-based capital ratio up 5 basis points to 14.15%.
Credit quality improved with nonperforming assets declining 5.3% and net charge-offs at $4.1 million or 12 basis points of average loans.
Deposit base grew $35 million during the quarter with personal and commercial deposits totaling $13 billion, up 0.8% from prior quarter.
Loans held for investment increased $223 million or 1.7% linked quarter and $374.8 million or 2.9% year-to-date.
Net income was $55.8 million in Q2, with fully diluted EPS of $0.92, up 4.5% from prior quarter.
Net interest income expanded 4.3% to $161.4 million, with net interest margin increasing 6 basis points to 3.81%.
Noninterest expense increased 0.9% linked quarter, with lower salaries and equipment expense offset by higher professional fees.
Noninterest income was $39.9 million, unchanged linked quarter excluding gains/losses on bank facility sales.
Provision for credit losses was $4.7 million; allowance for credit losses was 1.25% of loans held for investment.
Quarterly cash dividend declared at $0.24 per share payable September 15.
Repurchased $11 million of common stock in the quarter, $26 million year-to-date, with $74 million remaining in repurchase authority.
Return on average assets was 1.21% and return on average tangible equity was 13.13%.
Tangible book value per share was $28.74, up 3.5% linked quarter and 13.9% year-over-year.

Palomar Holdings, Inc.

PLMR

2025 Q2

Financial Services

2mo

Adjusted Net Income Growth

52% year-over-year increase to $48.5 million

Adjusted net income grew 52% to $48.5 million or $1.76 per share compared to $32 million or $1.25 per share for the same quarter of 2024.

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