- Advisor and institutional businesses had flat sequential revenue growth as market appreciation in May and June offset April declines.
- AUM and AUA grew sequentially and year-over-year, with AUM net flows roughly flat year-to-date, a significant improvement from prior year outflows.
- Consolidated operating margins improved slightly year-over-year but declined sequentially due to onetime expenses and corporate overhead.
- Excluding onetime items, adjusted EPS was $1.20, an increase from both the prior year and prior quarter.
- Investment Managers revenue grew 8% year-over-year with double-digit growth in alternatives offsetting a 1% decline in traditional revenue due to mark-to-market weakness.
- Margins declined sequentially due to investments in talent and technology, with Investment Managers margins impacted by hiring ahead of expected new business.
- Private Banking revenue increased year-over-year and sequentially, supported by larger clients going live.
- SEI reported EPS of $1.78 including significant onetime items totaling a $0.60 EPS impact, partially offset by $0.02 of expenses related to foreign currency losses and legal fees tied to the Stratos investment.
- SEI returned significant capital to shareholders with buybacks exceeding $700 million on a trailing 12-month basis.
Explore Similar Insights
- Allowance as a percentage of private education loan exposure remained stable at 5.95%.
- GAAP diluted EPS in the second quarter was $0.32 per share.
- Liquidity ratio ended at 17.8%, total risk-based capital at 12.8%, and common equity Tier 1 capital at 11.5%.
- Loan originations for the second quarter were $686 million, roughly in line with the same period last year and slightly below expectations.
- Net interest income was $377 million, up $5 million from the prior year quarter.
- Net interest margin was 5.31%, 4 basis points ahead of the prior quarter.
- Net private education loan charge-offs were $94 million, representing 2.36% of average loans in repayment, an increase of 17 basis points year-over-year, attributed primarily to disaster forbearance related to California wildfires.
- Noninterest expenses were $167 million, consistent with expectations.
- Private education loans delinquent 30 days or more were 3.5% of loans in repayment, a slight decrease from 3.6% in the prior quarter but higher than 3.3% a year ago.
- Provision for credit losses was $149 million, up from $17 million in the prior year quarter due to a more cautious macroeconomic outlook and increased weighted average life of the portfolio.
- Adjusted EBITDA margin expanded by 70 basis points relative to Q2 2024, reaching 54.2% for the quarter and increasing 83 basis points compared to 2024 full year margins.
- Adjusted expenses increased 24% on a reported basis, driven by investments in digital assets, consulting, client relationship development, and headcount growth.
- Credit revenues grew strongly, led by global corporate bonds, munis, and credit derivatives, despite some retail corporate credit revenues declining 17% year-over-year.
- Equities posted record results with 50% year-over-year growth, led by global ETF and equity derivatives businesses.
- Free cash flow reached approximately $952 million for the trailing 12 months, with $1.6 billion in cash and cash equivalents at quarter-end.
- International business revenues grew 41% year-over-year, driven by strategic initiatives in emerging markets and APAC.
- Market data revenues increased due to growth in proprietary data products.
- Q2 revenues grew 26.7% year-over-year on a reported basis and 24.7% on a constant currency basis.
- Rates business produced record revenues driven by organic growth across swaps, global government bonds, and mortgages.
- The Board declared a quarterly dividend of $0.12 per share, up 20% year-over-year.
- Tradeweb set a new quarterly revenue record in Q2 2025, surpassing the Q1 2025 record, with revenues exceeding $1 billion in the first half of the year.
- Variable revenue increased by 30%, total trading revenues increased by 28%, and fixed revenues related to four major asset classes increased 25% on a reported basis.
- Cost of interest-bearing liabilities declined to 3.96% from 4.02%, helped by CD repricing and growth in lower-cost fintech deposits.
- Diluted earnings per share were $0.02 for the quarter, impacted by elevated credit provisions and changes in noninterest income.
- Interest income increased while interest expense decreased in Q2 2025, resulting in a net interest margin above 2% on a tax-effective basis.
- Net income for Q2 was $28 million ($29.1 million fully taxable equivalent), up 11.5% and 11% respectively from Q1.
- Net interest margin improved to 1.96% (2.04% fully taxable equivalent), driven by higher loan yields and lower deposit costs.
- Noninterest income was $5.6 million, including $1.6 million gain on sale of SBA loans, down $7 million from the prior quarter due to holding loans longer.
- Yield on average interest-earning assets rose to 5.65% from 5.57%, with loan yields exceeding 7.5% on new originations.
Dafinchi