Dafinchi AI

PFBC

Financial Services

3w

Significant Stock Buyback Activity and Capital Return Strategy

Preferred Bank repurchased $56 million worth of stock in Q2 at an average price of $80-$81 per share.
Management indicated a cautious approach to further buybacks due to the higher share price relative to book value.
An additional $125 million authorization for share repurchase was approved but not yet executed, reflecting a strategic focus on capital return amid valuation considerations.

Kennedy-Wilson Holdings, Inc.

KW

Financial Services

1w

Financial Performance Summary

Adjusted EBITDA rose significantly to $147 million from $79 million in Q2 2024.
Baseline EBITDA increased 12% year-over-year to $117 million in Q2 2025, with trailing 12-month baseline EBITDA at $425 million.
GAAP EPS for Q2 2025 was a loss of $0.05 per share, improved from a loss of $0.43 per share in Q2 2024.
Investment management fees grew 39% in Q2 to a record $36 million, with fee-bearing capital reaching $9.2 billion.
Q2 asset sales generated $55 million in gains, contributing to $275 million cash proceeds year-to-date from noncore asset sales.

Virtus Investment Partners, Inc.

VRTS

Financial Services

3w

Significant Increase in Share Repurchases Amid Market Volatility

Virtus repurchased over 175,000 shares at an average price of $171 per share in Q2, the highest in three years.
Total buybacks in 2025 have surpassed the total for 2024, with a payout ratio exceeding 100%.
Management emphasized a balanced approach to capital allocation, considering inorganic growth opportunities, dividends, and buybacks.

Heritage Financial Corporation

HFWA

Financial Services

3w

Financial Performance Summary

Earnings per share increased 8.2% versus last quarter and 17.8% versus Q2 2024 on an adjusted basis.
Net interest income rose by $1.3 million or 2.4% from the prior quarter due to higher net interest margin and more days in Q2.
Net interest margin improved to 3.51% from 3.44% primarily due to higher loan and investment portfolio yields.
Noninterest expense decreased by $298,000 from prior quarter, mainly from lower benefit costs and payroll taxes.
Provision for credit losses was $956,000, reflecting loan growth and net charge-offs.
Regulatory capital ratios remain strong with tangible common equity ratio at 9.4%, up from 9.3%.
Repurchased 193,700 shares at $4.5 million cost during Q2, with 797,000 shares remaining under repurchase plan.
Total deposits decreased $60.9 million due to seasonal tax payment effects, but average total deposits increased $35.4 million from prior quarter.
Total loan balances increased by $10 million in Q2, with loan yields at 5.50%, up 5 basis points from Q1.

Plymouth Industrial REIT, Inc.

PLYM

Financial Services

6d

Financial Performance Summary

Closed $204 million in acquisitions including the Ohio Light industrial portfolio, acquired at a 6.7% initial yield with in-place rents approximately 22% below market.
Occupancy increased sequentially, with an expected year-end same-store occupancy near 96.5%.
Plymouth Industrial REIT reported strong leasing activity with over 1.4 million square feet commenced in Q2 2025, totaling nearly 6 million square feet year-to-date.
Same-store NOI grew 4.1% on a cash basis, supported by strong rent growth and renewal activity.
Share repurchases totaled over 805,000 shares in the quarter plus 225,000 shares post quarter-end.

First Financial Bancorp.

FFBC

Financial Services

3w

Record Revenue and Industry-Leading Profitability Driven by Net Interest Margin

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.

LXP Industrial Trust

LXP

Financial Services

2w

Financial Performance Summary

Adjusted company FFO in Q2 was $0.16 per diluted common share or approximately $47 million.
Net debt to adjusted EBITDA was 5.8x at quarter end, down 0.4 turns over the last 12 months.
Portfolio occupancy increased to 94.1% in Q2, up from 93.3% in Q1.
Repurchased approximately $28 million of floating rate trust preferred securities at a 5% discount to par, yielding approximately 6.6%.
Same-store NOI growth was 4.7% in Q2 with same-store portfolio 98% leased at quarter end.
Sold a property in Chillicothe, Ohio for approximately $40 million at a 4.3% cash capitalization rate.