- Adjusted combined ratio was 73.1% for Q2 2025, consistent with the prior year period.
- Annualized adjusted return on equity was 23.7%, slightly down from 24.7% in Q2 2024.
- Gross written premiums grew 29% year-over-year to $496.3 million, or 45% growth excluding runoff business.
- Loss ratio was 25.7%, driven primarily by non-catastrophe attritional losses and favorable reserve development.
- Net investment income increased 68% year-over-year to $13.4 million with a yield of 4.7%.
- Second quarter 2025 adjusted net income increased 52% year-over-year to $48.5 million or $1.76 per diluted share.
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- Asset quality remained stable with criticized loans declining $118 million, though other real estate owned increased by $167 million due to repossession of office properties.
- Capital ratios remained strong with CET1 at 11.2% and adjusted capital ratio at 11%, above peer median.
- Efficiency ratio improved to 52% from 56% in Q1, reflecting positive operating leverage.
- Net interest income grew 7.2% quarter-over-quarter to nearly $700 million, with net interest margin rising 6 basis points to 3.53%.
- Noninterest expense rose 3% to $515 million, mainly due to seasonal deposit cost increases.
- Noninterest income increased 16.4% to $148 million, driven by mortgage banking revenue of approximately $78 million.
- Provision expense was $40 million, reflecting organic loan growth and net charge-offs of approximately $30 million.
- Tangible book value per share increased 15% year-over-year to $55.87, with return on average tangible common equity at 14.9% and return on average assets at 1.1%.
- Western Alliance delivered strong Q2 2025 results, exceeding expectations with over $1 billion sequential loan growth and nearly $2 billion deposit growth.
- Advisory revenue was $127 million with strong contributions from financials, industrials, and improving health care and technology sectors.
- Asset management revenues rose 6%, reflecting market appreciation and improved organic growth.
- Commissions and principal transactions rose 11% with gains in both Global Wealth and Institutional segments.
- Compensation ratio was 58%, consistent with the high end of full year guidance, and operating pretax margin was 20.3%.
- Equity capital raising totaled $46 million with a market shutdown for six weeks post-Liberation Day but recovery mid-May.
- Equity transactional revenue increased 16% year-over-year, and fixed income revenue rose 21% year-over-year.
- Fixed income underwriting revenue was $54 million, up 18% sequentially driven by public finance activity.
- Global Wealth Management posted its strongest second quarter ever with record client asset levels and higher net interest income.
- Institutional business revenue increased 7% year-over-year, with record fixed income revenue and a late quarter pickup in investment banking.
- Investment banking revenue totaled $233 million, exceeding guidance by over $20 million due to six transactions closing late in the quarter.
- Net interest income increased 8% due to higher interest earning assets and lower funding costs.
- Net interest income of $270 million came in at the high end of guidance with a 12 basis point increase in bank net interest margin.
- Non-compensation expenses increased 7% year-over-year, with severance and restructuring charges of $28 million in European operations.
- Operating EPS of $1.71 was up 7% from the prior year.
- Provision for income taxes was 25.4%, slightly above consensus due to nondeductible foreign losses.
- Stifel Financial delivered over $1.28 billion of net revenue and $1.71 in core EPS in Q2 2025, marking the best second quarter in company history with a return on tangible common equity of 22%.
- Tier 1 leverage capital ratio was 10.8%, and Tier 1 risk-based capital ratio was 17.5%, with approximately $315 million of excess capital.
- Classified and nonperforming loans increased due to 4 downgraded loans totaling $18 million, but no expected losses due to conservative underwriting and collateral.
- Deposits increased at an 11% annual rate, with noninterest-bearing deposits up $41.9 million, comprising 27% of total deposits.
- Home Bancorp reported Q2 2025 net income of $11.3 million or $1.45 per share, up $0.08 from Q1 and $0.43 from a year ago.
- Loans grew by $17.3 million (3%) in Q2, impacted by slower commercial construction activity and paydowns of about $20 million.
- Net charge-offs were low at $335,000 for the quarter, or 3 basis points year-to-date.
- Net interest margin (NIM) expanded for the fifth consecutive quarter to 4.04%, driven by an 8 basis point increase in earning asset yields and stable deposit costs.
- Noninterest income was $3.7 million, in line with expectations, while noninterest expenses increased to $22.4 million due to compensation and a $987,000 SBA receivables write-down.
- Share repurchases totaled 147,000 shares at an average price of $43.72, with 391,000 shares remaining on the buyback plan.
- Adjusted net investment income hit a record $1.8 billion, up 8.3%, supported by a fixed income portfolio yield of 5.1%.
- Core operating income reached a record $3 billion, up 29% year-over-year, driving EPS growth of 31% to $7.49 per share.
- Life Insurance premiums grew over 24.5%, with the Life division producing $324 million pretax income, up over 14%.
- Operating cash flow was strong at $4.5 billion, contributing to a nearly 10% growth in invested assets over 12 months.
- Pretax catastrophe losses were $285 million for the quarter, higher than prior year but still manageable.
- Published underwriting income was $2.3 billion, a 55% increase from the prior year, with a record combined ratio of 81.8%.
- Tangible book value per share grew 17% year-over-year and 6.6% sequentially, with an annualized core operating return on tangible equity of 24.5%.
- Total company premiums grew 7.5%, with consumer premiums up nearly 16% and commercial premiums up 3.3%.
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