- 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.
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- In Q2 2025, American Assets Trust reported FFO per diluted share of $0.52, slightly above expectations, with same-store cash NOI approximately flat for the quarter and up 1.4% year-to-date.
- Liquidity at quarter-end was approximately $544 million, including $144 million cash and $400 million available on revolving credit line.
- Mixed-use Waikiki Beach Walk NOI declined 5% year-over-year, with hotel component down approximately 15% due to lower occupancy and RevPAR amid softness in leisure demand.
- Multifamily portfolio was approximately 94% leased, with blended rent increases of 6%, though facing competitive leasing environment and elevated operating costs.
- Net debt-to-EBITDA ratio was 6.3x trailing 12 months and 6.6x quarter annualized; interest coverage ratio about 3.1x.
- Net income attributable to common stockholders per share was $0.09 in Q2 2025.
- Office portfolio ended Q2 82% leased, with same-store office cash NOI flat for the quarter and up over 2% year-to-date.
- Retail portfolio was 98% leased with same-store cash NOI growth of 4.5%, driven by new and renewal leases and rent escalations.
- Same-store multifamily NOI declined 3.9%, and same-store mixed-use NOI declined approximately 5%, primarily due to hotel performance.
- Core FFO per share for Q2 2025 was $0.55, down 11% year-over-year due to decreased same-store NOI and increased interest expense.
- Expense growth was 4.6%, mainly from higher property taxes, marketing, repair and maintenance, and utilities, partially offset by lower personnel costs.
- Net debt-to-EBITDA was 6.8x at quarter end, slightly improved from 6.9x in Q1.
- Occupancy increased sequentially by 140 basis points in Q2 to 85%, further rising to 85.3% in July, narrowing the year-over-year occupancy gap.
- RevPar improved for five consecutive months ending July, with the year-over-year decline narrowing from 4.2% in February to 1.6% in July.
- Same-store NOI declined 6.1% year-over-year.
- Same-store revenues declined 3%, driven by a 240 basis point drop in average occupancy and a 30 basis point decline in average revenue per square foot.
- Core bank ROA was approximately 1.38%, supported by a low cost of deposits around 1.75%.
- Core expenses normalized to approximately $21 million, with expected reductions from technology savings and amortization ending.
- Net interest income would have been $27.5 million excluding interest reversals, up from $26.4 million in Q1 and $24.9 million a year ago.
- Net interest margin (NIM) excluding consumer program effects was 3.15%, up from 3.13% last quarter and 2.80% a year ago.
- Noninterest income was $10.6 million, driven primarily by increased mortgage revenue.
- Pretax pre-provision earnings were about $8.4 million after adjustments for mortgage support costs and interest write-offs.
- Primis Financial Corp. reported $8.4 million in net income or $0.34 per share for Q2 2025, including a $7.5 million pretax gain on a portion of its interest in PFH.
- Provision expense was $1.2 million, with no provision required for the consumer program this quarter.
- Client equity surpassed $750 billion, up 40% from last year, significantly outpacing the S&P 500's 16% growth.
- Commission revenue increased by 23% year-over-year, reaching a record $537 million in Q3 2025.
- Customer trading volumes rose 27% in options and 67% in equities, while futures volumes declined 7%.
- Execution and clearing costs decreased 21% year-over-year due to SEC fee reductions and improved smart order routing.
- Net interest income rose 21% to a quarterly record of $967 million despite lower benchmark interest rates.
- Pretax margin remained strong at 79%, consistent with prior periods.
- Total assets increased 35% year-over-year to $200 billion, supported by higher margin lending and segregated cash balances.
- Total net revenues grew 21%, driven by higher trading volumes in stocks and options.
- Adjusted diluted EPS grew 10% year-over-year.
- Adjusted expenses increased moderately across divisions, driven by compensation, currency translation, and strategic investments.
- Adjusted expenses increased modestly across divisions, driven by compensation, currency translation, and strategic investments.
- Commodity Insights revenue grew 8%, with Energy & Resources Data & Insights up 10%; operating margin improved by 130 basis points to 48.6%.
- Commodity Insights revenue increased 8%, with Energy & Resources Data & Insights growing 10%.
- Energy Transition and Sustainability revenue grew 7% to $93 million in the quarter.
- Market Intelligence division achieved 7% organic constant currency revenue growth and more than 200 basis points of margin expansion in the quarter.
- Market Intelligence division achieved 7% organic constant currency revenue growth and over 200 basis points of margin expansion.
- Market Intelligence reported 5% revenue growth with 7% organic constant currency growth; operating margin improved by 240 basis points to 35.3%.
- Market Intelligence revenue increased 5% reported and 7% organic constant currency; operating margin improved by 240 basis points to 35.3%.
- Mobility revenue increased 10% year-over-year; margins improved 140 basis points to 42.3%.
- Private Market revenue increased 11% year-over-year to $148 million.
- Private markets revenue showed strong growth, led by private credit within Ratings.
- Ratings revenue increased 1% year-over-year, with transaction revenue down 4% and non-transaction revenue up 8%.
- Ratings revenue increased 1% year-over-year, with transaction revenue down 4% but non-transaction revenue up 8%.
- Revenue increased 6% year-over-year in the second quarter, with subscription revenue increasing 7%.
- S&P Dow Jones Indices revenue increased 15%, driven by Asset-Linked Fees up 17% and Exchange-Traded Derivatives revenue up 15%.
- S&P Dow Jones Indices revenue increased 15%, driven by Asset-Linked Fees up 17% and Exchange-Traded Derivatives revenue up 15%; operating margin improved 60 basis points to 71.3%.
- S&P Global reported 6% year-over-year revenue growth in Q2 2025, with subscription revenue up 7%.
- Trailing 12-month margin expanded by 150 basis points driven by disciplined expense management and strategic investments.
- Trailing 12-month margin expansion of 150 basis points was delivered through strategic investments and disciplined expense management.
Dafinchi