- Annualized return on average assets was 1.19%, and adjusted return on average tangible equity was 16.79%.
- Commercial loan portfolio grew at an annualized rate of 8%, with $764 million in new loans closed during the quarter.
- Deposits increased by $260 million with an annualized growth rate of 5.6%, and average cost of total deposits decreased to 2.1%.
- Net charge-offs decreased to $1.2 million or 3 basis points of average loans, reflecting strong credit quality.
- Noninterest expenses were $114.6 million with an efficiency ratio improving to 53.5% and annualized expenses to average assets at 1.89%.
- Noninterest income remained steady at $27 million, driven by core banking fees, insurance, wealth management, and SBA loan sales.
- Nonperforming assets declined to 44 basis points of total assets, and delinquencies and classified loans also decreased.
- Pretax pre-provision return on average assets was 1.64%, improving from the prior quarter and last year.
- Provident Financial Services reported net earnings of $72 million or $0.55 per share for the second quarter.
- Tangible book value per share grew $0.45 to $14.60, and tangible common equity ratio expanded to 8.03%.
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- Adjusted EBITDA reached a record $126 million, up 63% from $77 million a year ago.
- Commissions and related expenses as a percentage of revenue improved by 80 basis points to 81.84%.
- Compass delivered all-time high revenue of $2.06 billion in Q2 2025, a 21.1% year-over-year increase.
- Free cash flow hit a record $68 million, improving from $40.4 million in Q2 2024 despite a $28.75 million class action settlement payment.
- GAAP net income was $39.4 million, a 90% increase from $20.7 million in the prior year quarter.
- Market share rose to 6.09%, up 96 basis points year-over-year and 8 basis points sequentially.
- Non-GAAP operating expenses increased to $250 million, driven by acquisitions including Christie's International Real Estate.
- Total transactions increased 20.9% year-over-year, with organic transactions up 6.3%, outperforming the market decline of 0.9%.
- Credit quality remains strong with nonperforming assets at 0.17% of total assets and net charge-offs of $1.6 million; allowance for credit losses at 1.22% of loans.
- Declared 161st consecutive quarterly dividend of $0.33 per share.
- Deposits grew to $21.6 billion, up 5% quarter-over-quarter, with noninterest-bearing deposits increasing 8% and representing 30% of total deposits.
- Efficiency ratio improved to 62.08%, down from 65.49% in prior quarter and 67.97% a year ago.
- Glacier Bancorp reported net income of $52.8 million for Q2 2025, or $0.45 per diluted share, reflecting an 18% increase in net income and a 15% increase in earnings per share compared to the same quarter last year.
- Loan portfolio grew $1.3 billion to $18.5 billion, an 8% increase from the prior quarter with $239 million or 6% annualized in organic growth.
- Loan yield increased to 5.86%, up 9 basis points from prior quarter and 28 basis points year-over-year.
- Net interest income was $208 million, up 9% from the prior quarter and 25% year-over-year, driven by higher average loan balances, improved loan yields, and declining funding costs.
- Net interest margin expanded to 3.21%, up 17 basis points from Q1 and 53 basis points year-over-year, marking six consecutive quarters of margin expansion.
- Noninterest expense was $155 million, up 3% from prior quarter, including $3.2 million in acquisition-related costs; compensation and benefits rose due to increased headcount and merit increases.
- Noninterest income totaled $32.9 million, up slightly from Q1 and 2% year-over-year; service charges and fees increased 8%.
- Provision for credit loss was $20.3 million, including $16.7 million related to Bank of Idaho acquisition; core provision was $3.6 million excluding acquisition impact.
- Tangible book value per share increased to $19.79, up 8% year-over-year.
- Total funding cost declined to 1.63%, down 5 basis points from prior quarter; core deposit costs remained stable at 1.25%.
- Adjusted net income from continuing operations increased to $152.8 million or $0.81 per share in Q3 2025.
- Adjusted return on assets was 1.13% for the quarter.
- Credit quality remained stable with net charge-offs at 26 basis points annualized and stable non-performing assets.
- Deposits increased by $3.4 billion, with core customer deposits up $3.1 billion largely due to the Industry acquisition.
- Loans grew by $1.3 billion, including $1 billion from Industry acquisition and $300 million organic growth.
- Net interest margin improved by 6 basis points to 3.46%, driven by higher securities yields and lower funding costs.
- Net interest revenue increased 12% to $46 million driven by balance sheet growth and net interest margin improvement.
- Total adjusted revenue grew 9% quarter-over-quarter to $517 million.
- Adjusted EBITDA was a record $249 million, up 81% year-over-year, with a margin of 29% and incremental EBITDA margin of 43%.
- Fee-based revenue hit a quarterly record of $378 million, up 72% year-over-year, now generating over $1.5 billion annually.
- Financial Services and Technology Platform segments generated $472 million in revenue, up 74% year-over-year, representing 55% of total revenue.
- Lending segment adjusted net revenue grew 32% year-over-year to $447 million, driven by $6.3 billion in originations, up 18%.
- Loan Platform Business originations reached a record $2.4 billion, contributing to total originations of $8.8 billion, up $1.5 billion from last quarter.
- Net income was $97 million with an 11% margin and earnings per share of $0.08.
- Net interest margin was 5.86%, down 15 basis points sequentially, with deposits growing to $29.5 billion.
- SoFi reported record adjusted net revenue of $858 million for Q2 2025, up 44% year-over-year.
- Tangible book value increased over $1 billion year-over-year to $5.3 billion, with a $200 million increase quarter-over-quarter.
- Total members increased 34% year-over-year to 11.7 million, with 850,000 new members added in Q2.
- Total products grew 34% year-over-year to over 17 million, with 1.3 million new products added in the quarter.
- Adjusted net investment income was nearly $1.7 billion, up 8%, with a fixed income portfolio yield of 5.1% and new money rate averaging 5.4%.
- Annualized core operating return on tangible equity was 21%.
- Core operating EPS was a record $6.14, up 14% from a year ago, supported by record underwriting, strong investment results and good premium revenue growth.
- Core operating income of $2.5 billion was a record result, up 13%.
- Current accident year underwriting income, excluding cats, was up almost 11.5%, supported by a combined ratio of 82.3%, nearly a full point improvement from prior year.
- Global P&C premiums grew 5.8% and 6.4% in constant dollars, with commercial up 4.2% and consumer up 11.9%.
- International general insurance premiums were up 8.5% or over 10% in constant dollar, with Asia growing over 12.5%, Europe over 8%, and Latin America over 17%.
- Life division produced $305 million of pretax income, up about 10.5%.
- Life Insurance premiums grew almost 17.5%.
- North America P&C premiums, excluding agriculture, were up 5.3%, with personal insurance up 9.1% and commercial up 4.1%.
- Operating cash flow in the quarter was $3.2 billion.
- Pretax catastrophe losses were $630 million for the quarter, split 60% U.S. and 40% international.
- Pretax prior period development was favorable $319 million, mostly short tail commercial property-related lines and personal auto.
- Published underwriting income of $1.6 billion was up 15% from a year ago, leading to a combined ratio of 85.6%, more than 1 percentage point better than a year earlier.
- Renewal retention on a policy count basis was 86%.
- Tangible book value growth was up 23.7% per share from a year ago and 8% from the previous quarter.
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