- Book value increased to $6.7 billion or $12.71 per share, up from $12.39 in the prior quarter.
- Dividend yield remains strong at 8.9%, paying out $0.25 per share.
- Genesis Capital achieved a record quarter with origination north of $4 billion, more than doubling since acquisition in 2022.
- Newrez's servicing portfolio grew to $864 billion with a typical ROE around 20%.
- Return on equity (ROE) for the entire company was 17%, with earnings available for distribution at $291.1 million or $0.54 per diluted share, representing an 18% ROE.
- Rithm Capital reported GAAP net income of $283.9 million or $0.53 per diluted share for Q2 2025.
- Sculptor's asset management business saw $3.5 billion of AUM growth since acquisition, with strong fundraising and performance.
- The company ended the quarter with a record $2.1 billion in cash and liquidity.
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- Cash NOI from the managed senior housing portfolio increased to $25.3 million from $24.1 million in the prior quarter.
- Cash rental income from the triple-net portfolio increased by $2.3 million sequentially.
- Liquidity remains strong with approximately $1.2 billion available including cash, revolver, and ATM program.
- Net debt to adjusted EBITDA ratio decreased to 5x as of June 30, 2025, down from 5.19x in Q1 and 5.45x in Q2 2024.
- Normalized AFFO per share for Q2 2025 was $0.38, up from $0.37 in Q1.
- Normalized FFO per share for Q2 2025 was $0.37, up from $0.35 in Q1, representing a 6% improvement year-over-year.
- Normalized FFO totaled $89.2 million and normalized AFFO totaled $91.6 million in Q2 2025.
- Weighted average interest rate on debt decreased from 4.14% to 4.04% following refinancing.
- Adjusted EPS increased 166% year over year to $1.15 per share in Q3 2025.
- Adjusted net revenue was $2.2 billion, up 3% year over year; 9% growth excluding credit card sale.
- CET1 ratio stood at 10.1%, representing $4.5 billion excess capital above regulatory minimum.
- Core ROTCE was 15% headline, approximately 12% excluding AOCI impact.
- Net interest margin (NIM) excluding core OID expanded 10 basis points quarter over quarter to 3.55%.
- Noninterest expense was $1.2 billion, slightly up year over year but down sequentially by $22 million.
- Provision expense declined 36% year over year to $415 million, driven by credit normalization.
- Retail auto net charge-off rate improved 36 basis points year over year to 1.88%, despite a 13 basis point sequential increase due to seasonality.
- First Merchants delivered 9.1% annualized loan growth and $0.98 earnings per share in Q2 2025.
- Net charge-offs were low at 0.07% of average loans annualized, with a provision reflecting improved asset quality and macroeconomic factors.
- Net income was $56.4 million, up 43% year-over-year, supported by improved credit quality and a lower provision for credit losses of $5.6 million versus $24.5 million in Q2 2024.
- Net interest income increased by $2.7 million and noninterest income by $1.3 million in Q2.
- Noninterest expense was well controlled at $93.6 million, a modest increase primarily due to marketing and loan origination costs.
- Noninterest income totaled $31.3 million, with customer-related fees up $1.6 million year-over-year, driven by mortgage sales and treasury management fees.
- Return on assets was 1.23% and efficiency ratio was 54%, reflecting strong operational discipline.
- Tangible common equity ratio improved to 8.92%, above target, supporting capital flexibility.
- Year-to-date net income was $111.2 million, a 28% increase from 2024, with earnings per share up 30% to $1.92.
- Assets under custody and administration (AUCA) grew 13% year over year to $55.8 trillion, while assets under management (AUM) increased 3% to $2.1 trillion.
- Capital ratios remained strong with CET1 at 11.5% and Tier 1 leverage ratio at 6.1%, and the company returned $1.2 billion in capital to shareholders in Q2.
- Operating expenses increased 4% year over year, resulting in significant positive operating leverage of roughly 500 basis points.
- Pretax margin improved to 37%, and return on tangible common equity (ROTCE) rose to 28%, reflecting the success of the company’s multiyear transformation.
- Segment highlights included Security Services revenue up 10%, Markets and Wealth Services revenue up 13%, and Investment and Wealth Management revenue down 2%.
- The Bank of New York Mellon Corporation delivered strong Q2 2025 results with earnings per share of $1.93, up 27% year over year on a reported basis and 28% excluding notable items.
- Total revenue exceeded $5 billion for the first time in a quarter, up 9% year over year, driven by fee revenue growth of 7% and net interest income up 17%.
- Earnings per share increased 1% to $11.55, impacted by higher operating income offset by lower non-operating income and increased diluted share count.
- Net inflows for the quarter totaled $205 billion, reflecting 10% annualized organic base fee growth, the highest since 2021.
- Operating income was $2.6 billion, up 23% year over year.
- Operating margin was 44.6%, down 120 basis points year over year due to higher performance fees and related compensation.
- Organic base fee growth was 8% over the last twelve months, the highest in over four years.
- Performance fees increased 33% year over year to $516 million, with $270 million from HPS.
- Technology services and subscription revenue grew 28% year over year, boosted by the Preqin acquisition.
- Third quarter revenue reached $6.5 billion, a 25% increase year over year, driven by acquisitions and organic base fee growth.
- Advisory revenues up 60% year over year to $1.4 billion, leading global M&A advisor.
- Asset and Wealth Management revenues reached $4.4 billion, with record management fees of $2.9 billion.
- Debt underwriting revenues rose 30%, reflecting higher leveraged finance activity.
- Equity underwriting revenues increased 21% year over year, driven by IPO activity.
- FICC net revenues of $3.5 billion, up 17% year over year, with strong rates and mortgages.
- Global Banking & Markets revenues of $10.1 billion with a 17% ROE year to date.
- Net revenues of $15.2 billion and earnings per share of $12.25 in Q3 2025.
- Return on equity (ROE) of 14.2% for the quarter and 15.6% year to date.
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