- Allowance for credit losses remained high at $333 million, or 1.79% of loans held for investment excluding mortgage finance.
- Earnings per share rose 37% year-over-year to a record $2.18.
- Net income to common shareholders was $100.9 million, a 36% increase compared to last year.
- Net interest income grew 13% year-over-year and 10% linked quarter, driven by balance sheet momentum.
- Net interest margin expanded 12 basis points to 3.47% despite a 100 basis point reduction in short-term rates.
- Pre-provision net revenue hit an all-time record of $149.8 million, up 30% year-over-year.
- Tangible common equity to tangible assets ratio reached an all-time high of 10.25%.
- Third quarter revenue reached a record $340 million, a 12% increase year-over-year.
Explore Similar Insights
- Book value per diluted share, excluding AOCI, increased 6% to $38.05.
- Capital and liquidity remain strong with a consolidated RBC ratio of 378% and Holdco liquidity of $187 million.
- CNO delivered strong Q2 2025 results with operating earnings per diluted share of $0.87, benefiting from favorable insurance product margins and solid investment results.
- Net investment income grew 2% year-over-year, with average yield on allocated investments at 4.92%, up 11 basis points.
- Operating return on equity was 11.8% on a trailing 12-month basis and 11.2% excluding significant items, on track to meet 2025 and 3-year targets.
- Record total new annualized premiums reached $120 million, up 17%, with double-digit insurance sales growth in both Consumer and Worksite divisions.
- Share repurchases totaled $100 million in the quarter, reducing weighted average diluted shares outstanding by 8%.
- Credit quality remains strong with nonperforming assets at 0.19% of total assets and net charge-offs at 3 basis points of loans.
- Deposits grew 4% annualized to $22 billion, with non-interest-bearing deposits increasing 5% annualized to 31% of total deposits.
- Loan portfolio grew by $258 million to $18.8 billion, a 6% annualized increase from prior quarter.
- Net income for Q3 2025 was $67.9 million or $0.57 per diluted share, up 29% from prior quarter and 33% year-over-year.
- Net interest income rose 9% sequentially to $225 million and 25% year-over-year.
- Net interest margin expanded to 3.39%, up 18 basis points sequentially and 56 basis points year-over-year, marking seven consecutive quarters of expansion.
- Non-interest expense increased 8% sequentially to $168 million, driven by acquisition-related costs.
- Pretax pre-provision net revenues for first nine months increased 45% to $250 million compared to prior year.
- Compensation, general, administrative, and servicing expenses were marginally lower, with transaction expenses down by $5 million.
- Earnings available for distribution were $32.1 million or $0.39 per share, and economic net interest income was $69 million.
- Economic return on GAAP book value was 0.5% for the quarter and 9.8% year-to-date; economic net interest income return on average equity was 10.5%.
- GAAP net income for Q2 2025 was $14 million or $0.17 per share, with GAAP book value at $20.91 per share.
- Total leverage was 4.5:1, with recourse leverage at 1.8:1, increased due to higher investments in agency securities.
- Yield on average interest-earning assets was 6%, average cost of funds was 4.5%, resulting in a net interest spread of 1.5%.
- Earnings per share rose sharply by 86% to $2.49 compared to Q2 2024, driven by record collections and operational efficiency.
- Encore Capital Group reported strong Q2 2025 financial results with portfolio purchases up 32% to $367 million and collections increasing 20% to a record $655 million.
- Leverage improved slightly to 2.6x from 2.7x a year ago and remained flat compared to Q1 2025 despite increased portfolio purchases.
- Net income increased 82% to $59 million, with operating expenses growing 15% to $291 million, reflecting onboarding of new portfolios.
- Portfolio revenue increased 12% to $361 million, supported by a 14% growth in average receivable portfolios and improved portfolio yield of 35.5%.
- Third Coast Bancshares' listing on both the NYSE and NYSE Texas marks a significant strategic shift aimed at increasing market visibility and shareholder liquidity.
- The listing is expected to attract institutional investors and improve the company's profile among market participants.
- Management highlighted the importance of this move in positioning the bank for future growth and M&A opportunities.
- The listing was accompanied by a focus on transparency and investor engagement, signaling a mature approach to public markets.
- Expense ratio improved to 28.5%, aided by scale in start-up units and technology-driven operational efficiencies.
- Net income of $511 million or $1.28 per share, with a 24.3% return on beginning of year equity, up nearly 40% from prior year quarter.
- Net premiums earned reached a record $3.2 billion, with gross and net premiums written at $3.8 billion and $3.2 billion respectively, growing across all lines.
- Operating income increased 12% to $440 million or $1.10 per share, with a 21% return on beginning of year equity.
- Pretax net investment income grew to $351 million, driven by 9.4% growth in core portfolio; fixed maturity portfolio book yield at 4.8%.
- Pretax underwriting income rose 8.2% to $287 million; calendar year combined ratio was 90.9%, accident year combined ratio ex cat was 88.4%.
- Stockholders' equity hit a record $9.8 billion, up 16.7% year-to-date, with financial leverage at historic lows of 22.5%.
- Strong operating cash flow of $2.6 billion year-to-date supports investment portfolio growth and capital return initiatives.
Dafinchi