Earnings Feed

$0.59 per share

Core FFO was $0.59 per share, representing a $0.01 increase over the prior quarter when excluding onetime termination revenue that was recognized in the first quarter.

$511 million across 17 transactions

Loan origination activity accelerated in Q3 with $511 million, the highest volume in over three years, at a weighted average spread of 279 basis points.

$2.7 million loss on $75 million securities sale

Sold lower-yielding investment securities at a loss to improve portfolio yields, negatively impacting EPS by $0.06 in Q3.

$1.23

Adjusted diluted earnings per common share was $1.23 compared to adjusted diluted earnings per common share of $1.18 in the prior year quarter.

$1.39 diluted EPS

We earned $1.39 diluted in the June quarter, which remained unchanged from the linked March quarter, but up $0.20 from the June 2024 quarter or about 17% growth year-over-year.

$56 million net loss in Q2 2025 vs. $254 million net loss in Q2 2024

The company reported a consolidated GAAP net loss of $56 million for the second quarter of 2025 compared with a consolidated GAAP net loss of $254 million for the second quarter of 2024.