- Advisory revenue was $127 million with strong contributions from financials, industrials, and improving health care and technology sectors.
- Asset management revenues rose 6%, reflecting market appreciation and improved organic growth.
- Commissions and principal transactions rose 11% with gains in both Global Wealth and Institutional segments.
- Compensation ratio was 58%, consistent with the high end of full year guidance, and operating pretax margin was 20.3%.
- Equity capital raising totaled $46 million with a market shutdown for six weeks post-Liberation Day but recovery mid-May.
- Equity transactional revenue increased 16% year-over-year, and fixed income revenue rose 21% year-over-year.
- Fixed income underwriting revenue was $54 million, up 18% sequentially driven by public finance activity.
- Global Wealth Management posted its strongest second quarter ever with record client asset levels and higher net interest income.
- Institutional business revenue increased 7% year-over-year, with record fixed income revenue and a late quarter pickup in investment banking.
- Investment banking revenue totaled $233 million, exceeding guidance by over $20 million due to six transactions closing late in the quarter.
- Net interest income increased 8% due to higher interest earning assets and lower funding costs.
- Net interest income of $270 million came in at the high end of guidance with a 12 basis point increase in bank net interest margin.
- Non-compensation expenses increased 7% year-over-year, with severance and restructuring charges of $28 million in European operations.
- Operating EPS of $1.71 was up 7% from the prior year.
- Provision for income taxes was 25.4%, slightly above consensus due to nondeductible foreign losses.
- Stifel Financial delivered over $1.28 billion of net revenue and $1.71 in core EPS in Q2 2025, marking the best second quarter in company history with a return on tangible common equity of 22%.
- Tier 1 leverage capital ratio was 10.8%, and Tier 1 risk-based capital ratio was 17.5%, with approximately $315 million of excess capital.
Explore Similar Insights
- Adjusted EBITDA was $53 million and adjusted EPS was $0.36 based on 118 million diluted shares.
- Auto business grew 87% sequentially and Home business grew 67% sequentially, both accelerating from Q1 growth rates.
- Contribution margin improved to 58%, up 3 percentage points from the prior quarter and exceeding guidance.
- GAAP net income was positive $6 million, achieving profitability a quarter earlier than expected.
- GAAP operating expenses were $252 million, up 16% sequentially, driven by variable costs increasing 21% relative to a 55% increase in loan volume.
- Loans held on balance sheet increased to $1.02 billion from $815 million in Q1, mainly due to growth in new products.
- Originations on the platform reached $2.8 billion, the highest volume in three years, with 373,000 loan transactions representing over 250,000 new borrowers.
- Small dollar loans grew 40% sequentially and crossed $100 million in quarterly originations alongside Auto.
- Upstart reported exceptional Q2 2025 results with total revenue of approximately $257 million, up 102% year-on-year.
- BOK Financial reported earnings of $140 million or EPS of $2.19 for Q2 2025.
- Fee income increased 7.2% sequentially, with record quarterly results in several fee income lines.
- Loan growth reaccelerated with a 2.5% increase quarter-over-quarter, led by commercial real estate (6.9%) and core C&I portfolios (1.1%).
- Net interest income grew for the fifth consecutive quarter with margin expansion of 2 basis points.
- Nonperforming assets decreased to $74 million, with net charge-offs minimal at $561,000 for the quarter.
- Total expenses increased by $7 million, driven by technology project costs and operational losses, while personnel expenses remained consistent.
- Adjusted CET1 capital ratio was 9%, at the lower bound of the target range of 9% to 10%.
- Average deposits increased by $1.8 billion (1.1%) sequentially and nearly $10 billion year-over-year, with disciplined deposit pricing.
- Average loans grew by $2.3 billion (1.8%) sequentially and 7.9% year-over-year, driven by commercial loans and new initiatives.
- Credit quality remains strong with net charge-offs at 20 basis points and allowance for credit losses at 1.86%.
- Earnings per common share were $0.34, including a $0.04 impact from securities repositioning and notable items, with adjusted EPS growing 27% year-over-year.
- Net interest income grew 2.9% sequentially and 12% year-over-year, with net interest margin at 3.11%, up 1 basis point sequentially.
- Noninterest expense was $1.2 billion, in line with guidance, with growth driven by incentive compensation and volume-related costs.
- Noninterest income increased 7% year-over-year, with payments, wealth, and capital markets fees growing 11%.
- Return on tangible common equity (ROTCE) was 16.1% reported, 17.6% adjusted for notable items.
- Tangible book value per share increased 16% year-over-year, illustrating strong capital growth and value creation.
- Adjusted combined ratio was 73.1% for Q2 2025, consistent with the prior year period.
- Annualized adjusted return on equity was 23.7%, slightly down from 24.7% in Q2 2024.
- Gross written premiums grew 29% year-over-year to $496.3 million, or 45% growth excluding runoff business.
- Loss ratio was 25.7%, driven primarily by non-catastrophe attritional losses and favorable reserve development.
- Net investment income increased 68% year-over-year to $13.4 million with a yield of 4.7%.
- Second quarter 2025 adjusted net income increased 52% year-over-year to $48.5 million or $1.76 per diluted share.
- 1.28 million shares were repurchased in Q2 at an average price of $17.30.
- Allowance for credit losses was $78 million or 0.93% of gross loans, slightly down from Q1.
- Net charge-offs were $249,000 in Q2 compared to net recoveries in Q1; classified loans decreased to $73.42 million.
- Net earnings for Q2 2025 were $50.6 million or $0.36 per share, consistent with prior quarters, marking 193 consecutive quarters of profitability.
- Net interest income increased by $1.2 million from Q1 2025 to $111.6 million, with net interest margin stable at 3.31%.
- Noninterest expense decreased by $1.6 million to $57 million, improving the efficiency ratio to 45.6%.
- Noninterest income was $14.7 million, down $1.5 million from Q1 2025 due to absence of a $2.2 million gain on OREO sales.
- Return on average tangible common equity was 14.08% and return on average assets was 1.34%.
- Shareholders' equity increased by $11 million to $2.24 billion; tangible common equity ratio remained at 10%.
- Total deposits and customer repurchase agreements grew to $12.4 billion, up $123 million from Q1 2025 and $330 million year-over-year.
- Total loans declined slightly to $8.36 billion, with growth in commercial real estate and single-family loans offset by declines in C&I and dairy and livestock lines.
- Expanded full-year net interest margin to 7.34% and adjusted net interest margin to 5.92%, reflecting improved rate-related card expense management.
- Fourth quarter net income grew 16% with EPS up 26% to $1.69, supported by 13% growth in non-interest income.
- Liquidity remains strong with $2.3 billion available, higher than the prior year.
- Loans and leases grew to $4.7 billion, a 14% increase primarily from commercial finance verticals including renewable energy and asset-based lending.
- Net income for the year was $185.9 million, driven by a 10% increase in non-interest income compared to the previous year.
- Non-performing loans increased in the quarter but remain well collateralized; net charge-off rate for 2025 was 64 basis points, within historic range.
- Reported full-year earnings per diluted share of $7.87, representing 9% year-over-year growth and exceeding the high end of prior guidance.
- Return on average assets for the year was 2.46%, and return on average tangible equity was 38.75%, indicating strong profitability.
- Adjusted EBITDA for Q2 was $1.5 million, slightly higher than $1.4 million in Q2 2024, despite near-term profitability pressures.
- Net loss for Q2 was $11 million or $0.28 per share, compared to a net loss of $5.5 million or $0.14 per share in the prior year, impacted by a $7.3 million tax expense due to a change in tax methodology.
- Operating expenses increased to $181 million in Q2 from $166 million last year, driven by higher cost of services and one-time reorganization expenses.
- The company remains well-capitalized with no debt and $333 million in cash and equivalents, returning $190 million to shareholders over the past three years.
- Total revenue for Q2 2025 was $172 million, up 8.8% year-over-year, driven by 4% growth in brokerage revenue and a 44% increase in financing revenue.
- Year-to-date revenue was $317 million, up 10.4% from $287 million last year, with brokerage commissions accounting for 84% of revenue.
- Adjusted EBITDA was $105 million with a margin of 24.8%, up 80 basis points sequentially; excluding divestiture impacts, EBITDA grew 12% with margin expansion of 130 basis points.
- Adjusted net income was $27.6 million or $0.46 per share, down from $0.59 last year due to divestiture EBITDA loss; GAAP net loss of $50 million included noncash tax valuation allowances.
- Digital Wallet revenue grew 3% organically to $201.2 million, with 7.2 million 3-month active users, but adjusted EBITDA was flat year-over-year due to lower interest revenue and business mix.
- Merchant Solutions volume increased 9% to $35.7 billion, with organic revenue growth of 6% and adjusted EBITDA margin of 17.1%, despite mix headwinds from ISO channel growth.
- Reported revenue declined 3% to $428.2 million, but organic revenue grew 5%, driven by double-digit e-commerce growth and modest gains in SMB and digital wallets.
- Unlevered free cash flow was $54 million with a 51% conversion rate, impacted by unfavorable FX; LTM conversion stood at 64%, with full-year guidance of 65-70%.
Dafinchi