- Adjusted pretax operating loss for All Other was $16.4 million, primarily due to mark-to-market changes on residential mortgage loans held for sale.
- Book value per share increased 12% year-over-year to $33.18, including $2.02 of unrealized net loss on investments expected to accrete over time.
- Operating expenses totaled $89 million for the quarter, with full-year 2025 expenses expected at $320 million, an 8% decrease from 2024.
- Primary mortgage insurance in force grew to an all-time high of $277 billion, with new insurance written at $14.3 billion, a 3% increase year-over-year.
- Provision for losses was a net expense of $12 million, down from $15 million in Q1, supported by strong cure activity and low claim levels.
- Radian reported net income of $142 million in Q2 2025, with a return on equity of 12.5%.
- Total revenues were $318 million, with net premiums earned at $234 million, consistent with previous quarters.
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- Allowance for credit losses ended at $156.2 million or 2.14% of total loans, down 24 basis points from prior quarter.
- Net interest income grew to $68.2 million, up $383,000 sequentially, with NIM expanding 6 basis points to 2.43%.
- Noninterest expense declined $1.6 million to $41.9 million due to lower FDIC assessments and disciplined cost management.
- Noninterest income decreased to $2.5 million from $6.4 million, impacted by $3.6 million loan loss sales and $2 million loss on sale of investments.
- Nonperforming loans declined from $226.4 million to $118.6 million, a $108 million improvement quarter-over-quarter.
- Pre-provision net revenue was $28.8 million, down from prior quarter, but adjusted PP&R was $32.3 million reflecting core franchise strength.
- Reported a net loss of $67.5 million or $2.22 per share, slightly improved from $69.8 million loss or $2.30 per share last quarter.
- Tangible common equity to tangible assets ratio stood at 10.39%, with Tier 1 leverage ratio at 10.4% and CET1 at 13.58%.
- Adjusted expenses increased 3.1% linked quarter primarily due to higher personnel expenses related to merit increases and strategic hiring.
- Adjusted revenue increased 2.1% linked quarter due to 2.3% growth in net interest income and 1.8% growth in non-interest income.
- Asset quality improved with net charge-offs declining nine basis points linked quarter to 51 basis points and nonperforming loans down nine basis points linked quarter.
- Average loan balances increased 2% linked quarter and end-of-period loans increased 3.3%, driven by broad-based growth in consumer and wholesale segments.
- Capital position remains strong with a CET1 ratio of 11% stated and 9.3% adjusted for AOCI, supporting balance sheet growth and capital returns.
- Returned $1.4 billion to shareholders via dividends and repurchased $750 million of common stock in the quarter, including opportunistic repurchases above target.
- Truist reported second quarter 2025 net income available to common shareholders of $1.2 billion or $0.90 per share, including $0.02 per share of restructuring charges and $0.01 per share of losses from investment securities sales.
Dafinchi