Dafinchi AI

Renasant Corporation

RNST

Financial Services

3w

Impact of Merger with The First Bancshares on Balance Sheet and Capital Ratios

Fair value of assets acquired was $7.9 billion, including loans of $5.2 billion.
Liabilities assumed totaled $6.9 billion, with deposits of $6.4 billion.
Preliminary goodwill from the transaction was $428.7 million.
All regulatory capital ratios remain above minimum requirements, indicating a well-capitalized position.

Independent Bank Corp.

INDB

Financial Services

4w

Financial Performance Summary

Adjusted operating net income was $53.5 million or $1.25 diluted EPS, reflecting a 1.09% return on assets and 6.99% return on average common equity.
Core deposit growth was strong with non-time deposits up 3.6% year-over-year and 1.6% from the prior quarter.
Expenses increased 1.8% excluding merger costs, driven by salary increases, equity awards, and higher check and fraud losses.
Net interest margin (NIM) was 3.37%, higher than previous guidance due to asset repricing and reduced deposit costs.
Nonperforming loans decreased significantly from $89.5 million to $56.2 million, or 39 basis points of total loans.
Second quarter GAAP net income was $51.1 million with diluted EPS of $1.20, yielding a 1.04% return on assets and 6.68% return on average common equity.
Tangible book value per share increased by $0.99 during the quarter, including a $0.28 benefit from other comprehensive income.
Total loans increased modestly with C&I loans up 3.4% and CRE loans down 1.7%.

Banc of California, Inc.

BANC

Financial Services

3w

Strategic Loan Sales and Balance Sheet Optimization

Opportunistic sale of approximately $507 million of commercial real estate loans with expected net proceeds of 95%.
Loan sales aimed at optimizing balance sheet and driving high-quality, sustainable earnings growth.
Proactive management of credit risk by selling loans exhibiting credit migration characteristics, despite being well collateralized.
Expected $243 million of loan sales to close in Q3, with remaining $233 million over subsequent quarters.
Loan sales primarily rate-driven rather than credit-driven, with a focus on reducing overhang and improving credit quality metrics.

National Retail Properties, Inc.

NNN

Financial Services

1w

Strategic Capital Markets Activity and Debt Maturity Profile

Successfully completed $500 million 5-year unsecured bond offering at a 4.6% coupon, positioning the company strongly for future strategies.
Achieved an average debt maturity of over 11 years, sector-leading, providing balance sheet flexibility.
Pro forma liquidity of nearly $1.5 billion post-bond issuance, with no floating or secured debt, supporting growth and acquisition plans.

ConnectOne Bancorp, Inc.

CNOB

Financial Services

2w

Financial Performance Summary

ConnectOne's assets now stand at nearly $14 billion, with $11.2 billion in loans and $11.3 billion of deposits, and a market capitalization exceeding $1.2 billion.
Core deposit growth was strong, including gains in DTA balances from both existing and newly acquired relationships.
Loan-to-deposit ratio improved to 99% at the end of Q2, down from 106% as of March 31.
Loan-to-deposit ratio improved to just below 100%, with expectations to operate around that threshold going forward.
Net interest margin was 3.06% in Q2, with expectations to increase to about 3.25% by year-end and continue expanding through 2026.
Noninterest-bearing demand deposits increased by more than $100 million since March 31, approximately 15% annualized.
Nonperforming asset ratio improved to 0.28% from 0.51% a year ago, and charge-offs remained reasonable at 22 basis points.
Provision for credit losses was $35.7 million in Q2, including a $27.4 million day 1 provision from the merger and an $8.3 million operating provision, higher than usual due to merger-related adjustments.
Tangible common equity ratio stands above 8% at 8.1%, with the bank CET ratio above 12%, slightly down due to the acquisition.
Total deposits were up an annualized 8%, with true core balances increasing by more than $500 million or 17% annualized after factoring in a $200 million decline in brokered deposits.

Dime Community Bancshares, Inc.

DCOM

Financial Services

3w

Financial Performance Summary

Business loans grew over $110 million in Q2 and over $370 million or 15% year-over-year.
Common equity Tier 1 ratio increased to 11.25% and total capital ratio to 15.8%, indicating strong capital levels.
Core cash operating expenses were $59.9 million, primarily due to hiring production staff.
Core deposits increased by $1.2 billion year-over-year, with deposit teams hired since 2023 growing portfolios to approximately $2.2 billion.
Core EPS was $0.64 per share, up 12% linked-quarter and 49% year-over-year.
Core pretax pre-provision income was $49 million in Q2 2025 compared to $28 million a year ago, translating into a core ROA of 85 basis points.
Cost of total deposits was 2.09% in Q2, and NIM increased for the fifth consecutive quarter, approaching 3%.
Credit loss provision was $9.2 million, with allowance to loans increasing to 86 basis points.
Loan originations including new lines of credit increased to $450 million for the quarter with a weighted average rate of approximately 7%.
Loan pipelines stand at $1.2 billion with a weighted average rate of approximately 6.85%.
Non-brokered deposits increased by approximately $210 million quarter-over-quarter.
Noninterest income was $11.6 million, reflecting increased loan swap income.
Reported NIM increased to 2.98%, with an adjusted NIM of 2.95% excluding prepayment fees and purchase accounting.

Cannae Holdings, Inc.

CNNE

Financial Services

4d

Strategic Portfolio Rebalancing and Capital Return Plan

Cannae has sold approximately $1.1 billion of public company stakes since February 2024, significantly reducing its public holdings from 63% to 22% of assets.
The company expects to receive around $630 million from the sale of Dun & Bradstreet, which will be used for share repurchases, debt repayment, and dividends.
Cannae has repurchased 7.6 million shares, or about 12% of outstanding shares, at an average price of $19.71, aiming to close the NAV discount.
The company increased its quarterly dividend by 25% to $0.15 per share, reflecting a commitment to returning capital to shareholders.
Since February 2024, Cannae has returned approximately $414 million through buybacks and dividends, demonstrating a strategic focus on capital deployment.

Univest Financial Corporation

UVSP

Financial Services

3w

Financial Performance Summary

Core NIM expanded by 12 basis points to 3.24% excluding excess liquidity impact.
Deposits decreased $75.8 million during the quarter mainly due to seasonal decline of public funds deposits and broker deposits, but excluding these, deposits increased $77.5 million.
Loan outstandings contracted by $31.9 million during the quarter despite solid loan production in the first half of the year.
Net interest margin (NIM) was 3.2%, up 11 basis points from the prior quarter, driven by increased asset yields and reduced cost of funds.
Noninterest expense increased $1.6 million or 3.3% compared to Q2 2024, mainly due to compensation costs including merit increases, medical costs, and variable incentives.
Noninterest income increased by $521,000 or 2.5% compared to Q2 2024, driven by investment management fees, SBA loan sales gains, and treasury management fees.
Recorded $7.8 million of net charge-offs predominantly related to one credit, with the remaining balance placed on nonaccrual and supported by real estate collateral appraisal.
Univest Financial Corporation reported net income of $20 million during the second quarter or $0.69 per share.
Year-to-date commercial loan production through June 30 was $507 million compared to $402 million in the prior year, but loan outstandings contracted by $25.4 million compared to growth of $117.6 million in the prior year.

Heritage Financial Corporation

HFWA

Financial Services

3w

Strategic Balance Sheet Repositioning and Securities Loss Trade

Executed a $6.9 million pretax loss on the sale of $91.6 million securities as part of a strategic balance sheet repositioning.
Reinvested $56.4 million in securities and used remaining proceeds for higher-yielding loans.
Most securities sales occurred in June, indicating a tactical move to optimize the balance sheet.

Northern Trust Corporation

NTRS

Financial Services

3w

Financial Performance Summary

Asset Servicing fees increased 6% year-over-year to $692 million, with assets under custody and administration reaching $16.9 trillion, up 9% year-over-year.
Capital ratios remained strong with a common equity Tier 1 ratio of 12.2% and Tier 1 leverage ratio of 7.6%.
Expenses increased 4.8% year-over-year excluding notable items, the lowest rate of growth in six quarters.
Net interest income on an FTE basis was a record $615 million, up 7% sequentially and 16% year-over-year.
Northern Trust reported second quarter net income of $421 million, earnings per share of $2.13, and a return on average common equity of 14.2%.
Provision for credit losses increased to $16.5 million, mainly due to reserves for a small number of nonperforming loans, expected to normalize in future quarters.
Returned $486 million to shareholders through dividends and share repurchases, reflecting a payout ratio of 117%.
Revenue grew 8% year-over-year excluding notables, with trust, investment and other servicing fees totaling $1.2 billion, a 6% increase compared to last year.
Wealth Management assets under management were $469 billion, up 12% year-over-year, with pretax profit increasing 18% over the prior year period.

Regional Management Corp.

RM

Financial Services

2w

Financial Performance Summary

30-day delinquency rate improved to 6.6%, down 50 basis points sequentially and 30 basis points year-over-year.
Book value per share reached $36.43 at quarter end.
Capital generation was $16.9 million in Q2, with $26.8 million year-to-date.
Net credit loss rate was 11.9%, improving 50 basis points sequentially and 80 basis points year-over-year.
Net receivables grew by $70 million sequentially and were up 10.5% year-over-year.
Operating expense ratio improved to 13.2%, an all-time best and 60 basis points better year-over-year.
Quarterly revenue reached a record $157 million, up 10% year-over-year.
Regional Management delivered net income of $10.1 million and diluted EPS of $1.03 in Q2 2025, a 20% year-over-year improvement.
Returned $17.6 million to shareholders year-to-date via $11.6 million in stock repurchases and $6.1 million in dividends.
Total originations hit a record $510 million, up 20% year-over-year.