Dafinchi AI

SKT

Financial Services

1w

Financial Performance Summary

Core FFO for Q2 2025 was $0.58 per share, a 9.4% increase year-over-year, driven by strong same-center NOI growth of 5.3%.
Liquidity totaled approximately $614 million, including cash, lines of credit, and forward equity proceeds.
Net debt to adjusted EBITDA was 5x at quarter end, with 95% of debt at fixed rates and a weighted average interest rate of 4%.
Occupancy increased sequentially to 96.6%, with blended leasing spreads of 12% over the trailing 12 months.
Same-center NOI for the first half of 2025 increased 3.8%.
Tenant sales rose 6.2% to $465 per square foot on a trailing 12-month basis, supported by increased traffic to centers.

FBP

Financial Services

3w

Record Net Interest Income and Margin Expansion in 2Q 2025

First BanCorp achieved record net interest income of $215.9 million, with an 8 basis point increase in net interest margin to 4.56%.
Margin improvement was partly due to reinvestment of maturing securities and lower funding costs, with an expected continued 5-7 basis point increase in the coming quarters.
Exclusion of one-time fees from early loan cancellations shows underlying margin strength.

CBZ

Financial Services

2w

Impact of Market Conditions on Revenue and Pricing Strategies

Clients are delaying discretionary investments due to economic uncertainty, tariffs, geopolitical unrest, and government funding cuts.
Revenue from nonrecurring project-based services is down low single digits year-over-year, with increased client pushback on rate increases, averaging about 4%, below expectations.
Market conditions have led to a headwind of approximately $75 million for the full year due to lower-than-expected rate increases.
Management has accelerated revenue and cost control initiatives, including targeted client outreach and workforce optimization, to mitigate these pressures.

Assured Guaranty Ltd.

AGO

Financial Services

1w

Financial Performance Summary

Adjusted book value per share reached a record high of $176.95 and adjusted operating shareholders' equity per share reached $120.11 at the end of Q2 2025.
Adjusted operating income for Q2 2025 was $50 million or $1.01 per share, down from $80 million or $1.44 per share in Q2 2024.
Loss expense increased by $27 million in Q2 2025, primarily due to additional reserves on certain U.K. regulated utility and U.S. municipal revenue exposures.
Net earned premiums and net investment income both increased in Q2 2025 compared to Q2 2024, reflecting earnings from new large transactions and higher-yielding assets.
The Insurance segment contributed $76 million and the Asset Management segment $4 million to earnings in Q2 2025, offset by a $29 million loss in the corporate division.

SEI Investments Company

SEIC

Financial Services

3w

Financial Performance Summary

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.

Open Lending Corporation

LPRO

Financial Services

1w

Market Conditions and Credit Union Sector Outlook

Credit union assets increased by $79 billion (3.5%) to $2.3 trillion in Q2 2025, reflecting sector resilience despite macroeconomic headwinds.
Loan and share growth in credit unions also improved, with 3.6% and 4% year-over-year increases, respectively.
Management sees increased refinancing activity driven by Federal Reserve rate cuts and stabilizing inflation, positioning Open Lending to capitalize on favorable market conditions.

Marsh & McLennan Companies, Inc.

MMC

Financial Services

4w

Financial Performance Summary

Adjusted EPS increased 11% to $2.72, while GAAP EPS was $2.45.
Adjusted operating income rose 14% to $2.1 billion, with an adjusted operating margin expansion of 50 basis points to 29.5%.
Consulting segment revenue was $2.4 billion, up 7% (3% underlying growth), with adjusted operating income up 9%.
Dividend increased 10% to $0.90 per share, marking 16 consecutive years of dividend increases.
Fiduciary interest income declined to $99 million, down $26 million year-over-year due to lower interest rates.
Guy Carpenter revenue was $677 million, up 7% (5% underlying growth), despite soft pricing environment.
Interest expense increased to $243 million due to higher debt from McGriff acquisition.
Marsh & McLennan reported consolidated revenue of $7 billion for Q2 2025, a 12% increase year-over-year, with 4% underlying growth.
Marsh revenue was $3.8 billion, up 18% (5% underlying growth), with strong international growth.
Mercer revenue was $1.5 billion, up 9% (3% underlying growth), with assets under management at $670 billion, up 36% year-over-year driven by acquisitions and net inflows.
Oliver Wyman revenue was $873 million, up 5% (3% underlying growth).
Risk and Insurance Services (RIS) revenue grew 15% to $4.6 billion, with 4% underlying growth; adjusted operating income in RIS increased 16% with margin expansion.
Share repurchases totaled $300 million in the quarter.