Dafinchi AI

SFBS

Financial Services

Adjusted net interest margin increased to 3.05%, up 13 basis points from prior quarter and 26 basis points year-over-year.
Common equity Tier 1 capital ratio was 11.38% and risk-based capital ratio was 12.81%.
Core deposit costs reported at 3.50% but adjusted to 3.57% excluding a legal matter reversal, expected to normalize around 3.57%.
Net income for Q2 2025 was $61.4 million with diluted EPS of $1.12, representing an 18% increase from Q2 2024 but a 3% decrease from Q1 2025.
Net interest income was $131.7 million reported, adjusted to $129.4 million after bond restructuring loss.
Noninterest expense decreased $1.9 million from Q1 but increased 3% year-over-year, with efficiency ratio below 34%.
Noninterest income declined due to bond portfolio restructuring but merchant services and treasury management fees are expected to grow.
Pre-provision net revenue was $87.9 million.
Provision expense increased significantly due to loan growth and charge-offs, maintaining allowance for credit losses ratio at 1.28%.
Return on average assets was 1.40% and return on common equity was 14.56%.
Tangible book value grew by an annualized 12.5% from last quarter and nearly 14% year-over-year, ending at $31.27 per share.

REG

Financial Services

Accretive capital allocation included deploying more than $600 million year-to-date, including a $357 million acquisition of five shopping centers in South Orange County, California.
Expense recovery rates improved meaningfully, contributing to NOI growth, supported by higher average commenced occupancy.
Leased and commenced occupancy spread was 260 basis points, with an SNO pipeline of $38 million incremental base rent.
Leverage remains comfortably within target range of 5 to 5.5x, with a strong balance sheet and access to low-cost capital.
Regency Centers delivered another quarter of excellent results with strong same property NOI growth exceeding 7%, driven primarily by base rent growth of 4.5%.
The company achieved record low shop move-outs and sustained robust leasing activity with strong rent growth, including cash rent spreads of 10% and GAAP rent spreads of nearly 20%.
Total NOI growth and core operating earnings per share growth were robust, surpassing expectations.

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