Dafinchi AI

Southern Missouri Bancorp, Inc.

SMBC

Financial Services

3w

Significant Loan Growth Driven by Sector Diversification and Pipeline Strength

Quarterly loan balances increased by $76 million, or 7.6% annualized, with notable growth in C&I, multifamily, and agricultural production loans.
Loan pipeline for the next 90 days is strong at $224 million, up from $163 million in March and $157 million a year ago.
Despite strong pipeline, expected higher prepayment activity in the upcoming quarter, especially in nonowner-occupied CRE, may temper net loan growth.

Horizon Bancorp, Inc.

HBNC

Financial Services

3w

Financial Performance Summary

Capital ratios and tangible book value per share increased linked quarter driven by improved profitability and strategic balance sheet repositioning.
Consumer loan balances decreased by $41 million due to strategic run down of indirect auto portfolio; residential mortgage lending modestly grew.
Credit quality remained strong with substandard loans at 1.29%, nonperforming loans at 54 basis points, and net charge-offs near $254,000 or 2 basis points for the quarter.
Horizon Bancorp reported strong second quarter 2025 earnings driven by core community banking franchise strength, significant net interest margin expansion, low net charge-offs of 2 basis points annualized, and improved ROAA and ROATCE metrics.
Loan growth was solid with net loans held for investment growing $75.5 million or 1.5% in the quarter and 6.2% annualized, led by commercial loans growth of $117 million (14.8% quarterly growth).
Net interest margin increased by 19 basis points to 3.23%, including 7 basis points of outsized interest recoveries; excluding recoveries, margin expanded driven by improved asset and liability mix and disciplined pricing.
Noninterest income was stable with seasonal strength in interchange fees and mortgage gain on sale; expenses were well managed at $39.4 million, with full year expense outlook now approximately flat versus 2024.
Reported earnings per share grew by 58% for the first six months of 2025 compared to the prior year.

Home Bancorp, Inc.

HBCP

Financial Services

3w

Potential Impact of Future Federal Rate Cuts on Loan Growth and Net Interest Margin

Management expects loan growth to pick up if there are one or two rate cuts in the second half of the year.
Loan yields are projected to continue increasing as new originations around 7.4% replace maturing loans.
The bank maintains a cautious stance, noting that without rate cuts, growth may be at the lower end of guidance (4%-6%).
Management emphasizes that rate cuts could stimulate demand, especially for projects waiting on lower interest rates.

S&T Bancorp, Inc.

STBA

Financial Services

3w

Financial Performance Summary

Allowance for credit losses declined by 2 basis points to 1.24% of total loans.
Expenses increased by $3 million compared to Q1, mainly due to salary increases, incentives, and higher medical costs.
Loan growth was 5% for the quarter, driving total assets to over $9.8 billion.
Net interest margin expanded to 3.88%, up 7 basis points linked quarter, with net interest income rising almost 4%.
Noninterest income increased by $3.1 million, aided by a rebound in consumer activity and securities repositioning.
Q2 2025 EPS was $0.83 with net income of $32 million and ROA of 1.32%.
Tangible common equity ratio increased by 18 basis points, supported by strong retained earnings and AOCI improvement.

Independent Bank Corp.

INDB

Financial Services

4w

Financial Performance Summary

Adjusted operating net income was $53.5 million or $1.25 diluted EPS, reflecting a 1.09% return on assets and 6.99% return on average common equity.
Core deposit growth was strong with non-time deposits up 3.6% year-over-year and 1.6% from the prior quarter.
Expenses increased 1.8% excluding merger costs, driven by salary increases, equity awards, and higher check and fraud losses.
Net interest margin (NIM) was 3.37%, higher than previous guidance due to asset repricing and reduced deposit costs.
Nonperforming loans decreased significantly from $89.5 million to $56.2 million, or 39 basis points of total loans.
Second quarter GAAP net income was $51.1 million with diluted EPS of $1.20, yielding a 1.04% return on assets and 6.68% return on average common equity.
Tangible book value per share increased by $0.99 during the quarter, including a $0.28 benefit from other comprehensive income.
Total loans increased modestly with C&I loans up 3.4% and CRE loans down 1.7%.

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.

Associated Banc-Corp

ASB

Financial Services

3w

Financial Performance Summary

Capital ratios increased: CET1 at 10.2%, TCE at 8.06%, both up year-over-year and sequentially.
Commercial & Industrial (C&I) loans grew over $700 million year-to-date, driving loan growth.
Efficiency ratio improved to below 56%, the lowest since early 2023.
Net interest income (NII) reached a record $300 million, up 17% year-over-year.
Net interest margin (NIM) expanded to 3.04%, up 29 basis points year-over-year and 7 basis points sequentially.
Nonaccrual loans decreased 16%, net charge-offs were 17 basis points, and provision expense was $18 million.
Noninterest expense was $209 million, slightly down from prior quarter, driving positive operating leverage.
Noninterest income was $67 million, up 3% year-over-year and 14% sequentially.
Reported earnings of $0.65 per share in Q2 2025.
Return on tangible common equity (ROATCE) improved to 12.96%, up 62 basis points from Q1.
Total loans grew 1% quarter-over-quarter and 3% year-over-year, or nearly 6% adjusted for loan sale.

Old National Bancorp

ONB

Financial Services

3w

Financial Performance Summary

Adjusted non-interest expenses were $344 million, reflecting two months of Bremer operations, with positive operating leverage year over year.
Adjusted non-interest income was $112 million, reflecting growth in wealth, mortgage, and capital markets.
CET1 ratio was 10.74%, approximately 50 basis points higher than expected post-Bremer close.
CET1 ratio was better than expected at 10.74%, about 50 basis points higher than modeled post-Bremer.
Criticized and classified loans decreased by approximately 9% excluding Bremer, and allowance for credit losses improved by 8 basis points to 1.24%.
Loan growth excluding Bremer was 3.7% annualized from last quarter, in line with guidance, with strong commercial and C&I loan production.
Loan growth excluding Bremer was 3.7% annualized from last quarter, in line with guidance, with strong commercial and industrial loan production.
Net charge-offs were 24 basis points, or 21 basis points excluding charge-offs on PCD loans, with non-accrual loans declining 5 basis points during the quarter.
Net interest income and margin increased driven by Bremer, organic loan growth, and securities portfolio repositioning.
Old National reported GAAP 2Q earnings per share of $0.34, with adjusted EPS of $0.53 excluding $0.19 of net merger-related expenses, representing an 18% increase over the prior quarter and 15% year over year.
Tangible book value per share increased by 14% year over year despite the impact of the Bremer partnership.
Total deposits increased by $13.3 billion, with core deposits ex-brokered up $11.6 billion.

Cullen/Frost Bankers, Inc.

CFR

Financial Services

2w

Financial Performance Summary

Average deposits increased 3.1% year-over-year to $41.8 billion; average loans grew 7.2% to $21.1 billion.
Commercial loans grew 4.9% year-over-year with CRE up 6.8%, energy loans up 22%, and C&I down about 1%.
Consumer real estate loans grew 22% year-over-year to $3.3 billion, driven by second lien home equity and mortgage products.
Cullen/Frost earned $155.3 million or $2.39 a share in Q2 2025, up from $143.8 million or $2.21 a share in Q2 2024.
Expansion efforts contributed $2.76 billion in deposits, $2.03 billion in loans, and nearly 69,000 new households.
New loan commitments totaled just under $2 billion in Q2, a 56% increase over Q1.
Nonperforming assets declined to $64 million from $85 million at year-end; net charge-offs were $11.2 million, or 21 basis points annualized.
Return on average assets and average common equity were 1.22% and 15.6%, compared to 1.18% and 17.08% in the prior year quarter.
Total problem loans increased to $989 million, mainly due to multifamily loans, with expected resolutions in H2 2025.

SouthState Corporation

SSB

Financial Services

3w

Financial Performance Summary

Credit costs remained low with a $7.5 million provision expense and net charge-offs at 6 basis points; one day 1 PCD charge-off of $17 million was recorded on an acquired relationship.
Loan production increased 57% from about $2 billion to over $3 billion quarter-over-quarter, contributing to solid loan growth.
Net interest income increased by $33 million over Q1, driven by loan coupon yields, securities portfolio restructuring, and lower cost of deposits.
Noninterest expenses were $351 million, at the low end of guidance, resulting in a second quarter efficiency ratio of 49.1%, bringing the year-to-date ratio below 50%.
Noninterest income remained stable at $87 million, with gains in correspondent business offset by a slight decline in mortgage revenue.
SouthState reported a strong Q2 2025 with adjusted return on assets at 1.45% and return on tangible common equity near 20%, excluding merger costs.
Tangible book value per share increased 8.5% year-over-year to $51.96 despite dilution from the IBTX merger; CET1 capital ratio improved compared to June 2024.