- Adjusted EBITDA was $31.8 million, representing a 42% margin.
- Adjusted net income was $19.1 million or $0.20 per share.
- Free cash flow was $22.6 million, with a 71% free cash flow conversion rate.
- Net leverage stood at approximately 2.5x with total debt of $507.5 million, including a $220 million convertible note due in February 2026.
- REPAY reported Q2 2025 revenue of $75.6 million, a 1% year-over-year increase.
- Reported gross profit declined 2% year-over-year, impacted by client losses and political media contributions; excluding these, gross profit grew single-digit year-over-year.
- The company repurchased approximately 7.9 million shares year-to-date for $38 million.
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- Earnings per share rose sharply by 86% to $2.49 compared to Q2 2024, driven by record collections and operational efficiency.
- Encore Capital Group reported strong Q2 2025 financial results with portfolio purchases up 32% to $367 million and collections increasing 20% to a record $655 million.
- Leverage improved slightly to 2.6x from 2.7x a year ago and remained flat compared to Q1 2025 despite increased portfolio purchases.
- Net income increased 82% to $59 million, with operating expenses growing 15% to $291 million, reflecting onboarding of new portfolios.
- Portfolio revenue increased 12% to $361 million, supported by a 14% growth in average receivable portfolios and improved portfolio yield of 35.5%.
- Adjusted EBITDA was $117 million, $6.5 million above midpoint.
- Adjusted FFO was $0.65 per share, $0.06 ahead of midpoint.
- Business interruption proceeds from LaPlaya insurance claims were $1.5 million above outlook, totaling $3.2 million.
- Ended Q2 with $267 million cash on hand, $49 million increase from last quarter; $640 million revolver availability.
- Energy costs decreased 2.1% due to efficiency efforts.
- Excluding Los Angeles and adjusting for last year's tax credits, same-property hotel EBITDA increased by $2.5 million year-over-year.
- Hotel expenses excluding fixed costs rose 1.7% year-over-year; expenses per occupied room declined 0.8%.
- Invested $21 million in portfolio during the quarter; on track for $65 million to $75 million in 2025.
- LaPlaya resort fully restored; full year BI income forecast increased to $11.5 million from $8.5 million.
- Los Angeles caused a $2.2 million EBITDA headwind, about $700,000 more than anticipated.
- Newport Harbor Island Resort outperformed expectations with a $1.8 million EBITDA beat.
- Out-of-room revenues at resorts rose 3.3%, led by food and beverage growth of 2.5%.
- Portland RevPAR climbed 10.4%, San Diego urban hotels posted 8.6% RevPAR growth.
- Property insurance renewal reduced premiums by roughly 10% with a 13% rate drop and 4% increase in insurable values.
- Resort total RevPAR increased 0.6% with a 1-point occupancy gain offsetting a nearly 3% ADR decline.
- Same-property hotel EBITDA totaled $115.8 million for the quarter, $1.8 million ahead of midpoint.
- Same-property total property RevPAR grew 1.3% year-over-year; excluding Los Angeles, RevPAR rose 2.7%.
- Same-property total revenues grew 1.3%, 2.7% excluding Los Angeles.
- San Francisco led with a 15.2% RevPAR increase, driven by occupancy gains and strong business and leisure demand.
- Urban portfolio RevPAR increased 1.7% overall and 4.1% excluding Los Angeles.
- Weighted average interest cost is 4.2%, with 90% to 96% of debt fixed.
- Adjusted earnings were approximately $66 million or $0.69 per diluted share.
- Adjusted efficiency ratio improved by about 7 percentage points.
- Adjusted loan yields decreased 1 basis point to 6.18%.
- Adjusted pre-provision net revenue was $103 million.
- Adjusted total cost of deposits decreased 18 basis points to 2.04%.
- Allowance for credit losses (ACL) as a percentage of total loans increased 1 basis point to 1.57%.
- Capital ratios remain well above regulatory minimums.
- Core net interest margin expanded from 3.42% to 3.58%.
- Deposits increased by $361 million or 7% quarter-over-quarter.
- Loans increased by $312 million or 7% quarter-over-quarter.
- Net charge-offs were $12.1 million, mainly from two credits.
- Noninterest expense was $183.2 million, excluding $20.5 million merger/conversion expenses, core expense was $162.7 million.
- Noninterest income was $48.3 million, up $11.9 million linked quarter, driven by The First and mortgage division.
- Reported earnings were $1 million or $0.01 per diluted share for Q2 2025.
- Reported margin rose from 3.45% to 3.85% reflecting purchase accounting adjustments.
Dafinchi