- Interest and fee income on client balances decreased 11% year-over-year due to lower short-term interest rates but increased modestly sequentially.
- Net operating revenues increased 4% year-over-year, driven by growth in securities, payments, and FX CFDs, offset by declines in physical contracts, listed and OTC derivatives.
- Segment performance varied: Commercial segment revenues declined 24% with segment income down 36%, Institutional segment achieved record revenues and income growth of 27% and 41%, respectively, and Self-directed retail segment revenues and income increased 18% and 49%.
- StoneX reported Q3 fiscal 2025 net income of $63.4 million with diluted EPS of $1.22, reflecting 2% net income growth but a 2% decline in EPS due to increased shares outstanding.
- Trailing 12-month results showed operating revenues up 17%, net income up 26% to $296.9 million, EPS of $5.87, and return on equity of 16.6%, exceeding the 15% target.
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- 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.
- Loan balances grew 17% year-over-year, with consumer fintech loans increasing 871% year-over-year to $680.5 million.
- Net interest income was 4% higher than Q2 2024, with net interest margin improving to 4.44% from 4.07% in Q1 2025.
- Noninterest expense increased 11% year-over-year, including a 10% rise in salaries and benefits.
- Noninterest income excluding consumer fintech loan credit enhancement was $40.5 million, up 32% year-over-year, driven mainly by fintech fees.
- The Bancorp earned $1.27 per diluted share in Q2 2025, with year-over-year revenue growth of 11% excluding fintech loan credit enhancement income, and EPS growth of 21%.
- Alight reported a 2% decrease in revenue to $528 million and a net loss of $1 billion, including a $983 million goodwill impairment, but adjusted EBITDA increased 21% to $127 million, surpassing estimates.
- Cannae had net recognized losses of $76 million in Q2 2025, mainly due to Alight's impairment charge, compared to $146 million losses in the prior year quarter.
- Cannae Holdings reported a 6.6% decrease in total operating revenue to $110 million in Q2 2025, primarily due to reduced restaurant revenue and diminished lot sales at Brasada Resort.
- Ninety Nine Restaurant & Pub's same-store sales declined less than 1%, outperforming the casual dining segment, while O'Charley's faced double-digit declines in same-store sales and guest counts.
- Watkins delivered mid-single-digit growth in net sales and high single-digit growth in EBITDA in H1 2025, with expected adjusted EBITDA of $20 million for 2025.
- Average base minimum rent for Malls and Outlets increased 1.3% year-over-year; Mills increased 0.6%.
- Domestic property NOI increased 4.2% year-over-year for the quarter and 3.8% for the first half of the year.
- Funds from operation were $1.19 billion or $3.15 per share, an 8.6% increase from $1.09 billion or $2.90 per share last year.
- Malls and Premium Outlets occupancy ended at 96.0%, up 10 basis points sequentially and 40 basis points year-over-year.
- Occupancy costs remained flat sequentially at 13.1%.
- Portfolio NOI, including international properties at constant currency, grew 4.7% for the quarter and 4.2% for the first half.
- Real estate FFO was $3.05 per share in Q2 2025, up 4.1% from $2.93 in prior year.
- Sales per square foot for Malls and Premium Outlets were $736 for the quarter.
- Second quarter results included a $0.21 per share noncash after-tax gain from Catalyst Brands' deconsolidation of Forever 21 and a $0.13 per share noncash loss from mark-to-market adjustment on exchangeable bonds.
- The Mills achieved a record 99.3% occupancy, up 90 basis points sequentially and 110 basis points year-over-year.
- Adjusted net income was $33 million, excluding gains and losses from investment portfolios.
- Consumer spot trading volume was $43 billion, down 45%, and consumer trading revenue was $650 million, down 41%.
- Headcount increased 8% to just under 4,300 full-time employees.
- Institutional spot trading volume was $194 billion, down 38%, with institutional transaction revenue of $61 million, down 38%.
- Net income was $1.4 billion, including a $307 million expense from a data theft incident, a $1.5 billion unrealized gain on strategic investments, and a $362 million gain from crypto investment portfolio remeasurements.
- Operating expenses were $1.5 billion, including the $307 million data theft expense; excluding this, expenses declined 9%.
- Subscription and services revenues were $656 million, with growth in USDC, staking, custody, and Prime financing loan balances offset by asset price headwinds.
- Total revenue was $1.5 billion with positive adjusted EBITDA of $512 million.
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