Dafinchi AI

PFBC

Financial Services

3w

Financial Performance Summary

Asset quality improved with decreases in nonaccrual loans, criticized loans, and past due loans.
Deposits remained flat, partly due to efforts to control deposit costs.
Loan growth was approximately 7% on an annualized basis in Q2, with early indications of increased loan demand in July.
Loan loss reserves are deemed sufficient to cover any exposures.
Net interest margin improved to 3.85% from 3.75% last quarter.
Preferred Bank reported a second quarter net income of $32.8 million or $2.52 per share, showing reasonable improvement from the previous quarter.
The bank repurchased $56 million of stock this quarter, which slightly impacted net interest income, PPNR, and net interest margin.

Two Harbors Investment Corp.

TWO

Financial Services

2w

Financial Performance Summary

Agency RMBS repo markets remained stable with repurchase spreads around SOFR plus 20 basis points.
Comprehensive loss for the quarter was $221.8 million or $2.13 per share including the accrual, and $21.9 million or $0.21 per share excluding it.
For the first half of 2025, total economic return on book value was negative 10.3% including the accrual and positive 2.9% excluding it.
Including the accrual, book value decreased to $12.14 per share.
Mark-to-market gains and losses were lower by $93.4 million due to unfavorable market movements on MSR, swaps, TBAs, and futures, partially offset by positive movements on Agency RMBS.
MSR financing included $1.8 billion outstanding borrowings across 5 lenders with $837 million unused capacity.
Net interest and servicing income increased by $3.1 million driven by Agency RMBS portfolio growth and higher float income on MSR, partially offset by lower servicing fee income and higher financing costs.
The company issued $115 million of 9.38% senior notes due 2030 to refinance 6.25% senior notes due 2026.
The company took a loss contingency accrual of $199.9 million or $1.92 per share related to ongoing litigation from the termination of its management agreement with PRCM Advisers.
Two reported a total economic return of negative 14.5% for Q2 2025 including a loss contingency accrual of $1.92 per share, and negative 1.4% excluding the accrual.

Triumph Financial, Inc.

TFIN

Financial Services

4w

Financial Performance Summary

Credit quality improved materially with net charge-offs less than $1 million when normalized for USPS and acquired portfolio impacts.
EBITDA margin for the payments segment improved to approximately 14%, with a long-term goal of exceeding 40%.
Factoring invoice size was influenced by customer mix and market pressures, with a diverse portfolio including both small and large carriers.
Noninterest-bearing deposit growth was strong, driven by mortgage warehouse deposits and payments float.
The Greenscreens acquisition added roughly $10 million in contracted ARR with an expected drag of about $3 million per quarter on earnings due to amortization and expenses.
The second quarter 2025 results showed positive revenue growth, particularly in the transportation businesses.

LendingTree, Inc.

TREE

Financial Services

2w

Financial Performance Summary

Adjusted EBITDA rose 35% to $31.8 million compared to last year.
Consumer segment revenue grew 12% with segment profit up 19%.
Home segment revenue increased 25%, driven by a 38% rise in home equity revenue.
Insurance segment showed 21% year-over-year growth, with higher bids and budgets.
LendingTree reported Q2 revenue of $250 million, a 19% year-over-year increase.
Small business loan revenue surged 61%, and personal loan revenue increased 14%.
The company achieved profitability for the fifth consecutive period of year-over-year revenue growth.

First Merchants Corporation

FRME

Financial Services

3w

Financial Performance Summary

First Merchants delivered 9.1% annualized loan growth and $0.98 earnings per share in Q2 2025.
Net charge-offs were low at 0.07% of average loans annualized, with a provision reflecting improved asset quality and macroeconomic factors.
Net income was $56.4 million, up 43% year-over-year, supported by improved credit quality and a lower provision for credit losses of $5.6 million versus $24.5 million in Q2 2024.
Net interest income increased by $2.7 million and noninterest income by $1.3 million in Q2.
Noninterest expense was well controlled at $93.6 million, a modest increase primarily due to marketing and loan origination costs.
Noninterest income totaled $31.3 million, with customer-related fees up $1.6 million year-over-year, driven by mortgage sales and treasury management fees.
Return on assets was 1.23% and efficiency ratio was 54%, reflecting strong operational discipline.
Tangible common equity ratio improved to 8.92%, above target, supporting capital flexibility.
Year-to-date net income was $111.2 million, a 28% increase from 2024, with earnings per share up 30% to $1.92.

Third Coast Bancshares, Inc.

TCBX

Financial Services

3w

Financial Performance Summary

Deposits grew by $32 million, resulting in a loan-to-deposit ratio of 95%, and cost of funds declined slightly.
Investment securities increased by $164 million to $562 million, driven by $206 million in securities from securitizations with an average yield of approximately 5.63%.
Net interest income increased by $6.6 million or 15.4% from the first quarter, partly due to $2 million in fee income from securitization transactions.
Net interest margin improved materially to 4.22%, with a forecasted margin of 3.90% to 3.95% for the second half of 2025 assuming no new securitizations.
Noninterest expenses rose 2.6% or $738,000, with $500,000 attributed to securitization-related costs.
Return on assets improved to 1.38% and return on equity was 14.7%.
Second quarter loans grew by $91.7 million, with compound annual growth of 21.1% since December 2021, expanding from $2.07 billion to $4.08 billion.
Third Coast Bancshares reported second quarter net income of $15.6 million, up 25% versus the first quarter of 2025.

Postal Realty Trust, Inc.

PSTL

Financial Services

1w

Financial Performance Summary

Funds from operations (FFO) for Q2 were $0.35 per diluted share.
Net debt to annualized adjusted EBITDA decreased to 5.1x from 5.2x at the end of 2024, maintaining a strong balance sheet.
Operating expenses were lower than anticipated in the first half of 2025 due to project timing and cost efficiencies.
Postal Realty Trust delivered AFFO per share of $0.33 in Q2 2025, exceeding expectations for the first half of the year.
Recurring capital expenditures in Q2 were $127,000, slightly below guidance, with Q3 expected between $175,000 and $325,000.
The Board approved a quarterly dividend of $0.2425 per share, a 1% increase from Q2 2024, well covered by AFFO.
The company updated its full year 2025 AFFO guidance range to $1.24 to $1.26 per share, implying nearly 8% year-over-year growth.
Weighted average interest rate on debt was 4.5%, with 86% of borrowings at fixed rates.

CareTrust REIT, Inc.

CTRE

Financial Services

1w

Financial Performance Summary

Fixed charge coverage ratio was strong at 8.2x.
Net debt to annualized normalized EBITDA remained low at 2x, with net debt to enterprise value at 12.3%.
Normalized FAD increased 53.9% to $83.1 million, with a 16.2% increase per share to $0.43.
Normalized FFO increased 58.2% year-over-year to $83.1 million in Q2 2025.
Normalized FFO per share rose 19.4% to $0.43 per share.
Quarterly dividend increased by 15.5% year-over-year while maintaining a comfortable payout ratio.
Total revenues grew 63.3% year-over-year in Q2 2025.

Credit Acceptance Corporation

CACC

Financial Services

2w

Financial Performance Summary

Financed over 85,000 contracts and collected $1.4 billion overall during the quarter.
Forecasted net cash flows declined by 0.5% or $56 million.
Loan performance declined this quarter with 2022, 2023, and 2024 vintages underperforming expectations, while the 2025 vintage exceeded expectations.
Loan portfolio reached a record-high of $9.1 billion on an adjusted basis, up 6% from last Q2.
Market share in the core segment of used vehicles financed by subprime consumers was 5.4% for the first 5 months of the year, down from 6.6% in the same period in 2024.
Paid $63 million in dealer holdback and accelerated dealer holdback to dealers.
Unit and dollar volumes declined, impacted by Q3 2024 scorecard change and increased competition.

Upstart Holdings, Inc.

UPST

Financial Services

1w

Financial Performance Summary

Adjusted EBITDA was $53 million and adjusted EPS was $0.36 based on 118 million diluted shares.
Auto business grew 87% sequentially and Home business grew 67% sequentially, both accelerating from Q1 growth rates.
Contribution margin improved to 58%, up 3 percentage points from the prior quarter and exceeding guidance.
GAAP net income was positive $6 million, achieving profitability a quarter earlier than expected.
GAAP operating expenses were $252 million, up 16% sequentially, driven by variable costs increasing 21% relative to a 55% increase in loan volume.
Loans held on balance sheet increased to $1.02 billion from $815 million in Q1, mainly due to growth in new products.
Originations on the platform reached $2.8 billion, the highest volume in three years, with 373,000 loan transactions representing over 250,000 new borrowers.
Small dollar loans grew 40% sequentially and crossed $100 million in quarterly originations alongside Auto.
Upstart reported exceptional Q2 2025 results with total revenue of approximately $257 million, up 102% year-on-year.

Cullen/Frost Bankers, Inc.

CFR

Financial Services

2w

Financial Performance Summary

Average deposits increased 3.1% year-over-year to $41.8 billion; average loans grew 7.2% to $21.1 billion.
Commercial loans grew 4.9% year-over-year with CRE up 6.8%, energy loans up 22%, and C&I down about 1%.
Consumer real estate loans grew 22% year-over-year to $3.3 billion, driven by second lien home equity and mortgage products.
Cullen/Frost earned $155.3 million or $2.39 a share in Q2 2025, up from $143.8 million or $2.21 a share in Q2 2024.
Expansion efforts contributed $2.76 billion in deposits, $2.03 billion in loans, and nearly 69,000 new households.
New loan commitments totaled just under $2 billion in Q2, a 56% increase over Q1.
Nonperforming assets declined to $64 million from $85 million at year-end; net charge-offs were $11.2 million, or 21 basis points annualized.
Return on average assets and average common equity were 1.22% and 15.6%, compared to 1.18% and 17.08% in the prior year quarter.
Total problem loans increased to $989 million, mainly due to multifamily loans, with expected resolutions in H2 2025.