- Deposits grew by $32 million, resulting in a loan-to-deposit ratio of 95%, and cost of funds declined slightly.
- Investment securities increased by $164 million to $562 million, driven by $206 million in securities from securitizations with an average yield of approximately 5.63%.
- Net interest income increased by $6.6 million or 15.4% from the first quarter, partly due to $2 million in fee income from securitization transactions.
- Net interest margin improved materially to 4.22%, with a forecasted margin of 3.90% to 3.95% for the second half of 2025 assuming no new securitizations.
- Noninterest expenses rose 2.6% or $738,000, with $500,000 attributed to securitization-related costs.
- Return on assets improved to 1.38% and return on equity was 14.7%.
- Second quarter loans grew by $91.7 million, with compound annual growth of 21.1% since December 2021, expanding from $2.07 billion to $4.08 billion.
- Third Coast Bancshares reported second quarter net income of $15.6 million, up 25% versus the first quarter of 2025.
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- B2B segment revenue grew nearly 40%, driven by a significant BaaS partner and growth in the BaaS portfolio.
- Consumer Services segment revenue declined but active account declines moderated, with retail channel showing flat active accounts and slight increases in key metrics.
- Corporate segment revenues increased due to higher interest income from balance sheet optimization and bond repositioning.
- Green Dot reported a strong Q2 2025 with adjusted revenue up 24% year-over-year and adjusted EBITDA up 34%, both exceeding expectations.
- Money Movement segment saw tax business outperform expectations with profits up over 10%, while money processing revenue declined modestly due to lower transaction volumes but improved revenue per transaction.
- Non-GAAP EPS reached $0.40 per share, a 60% increase year-over-year.
- Overall segment margins were flat year-over-year, with margin improvements in direct channel offsetting retail declines.
- Rapid Employer Services revenue declined due to challenges in the staffing industry, but margin expanded by 45 basis points due to improved profitability.
- Average loans decreased 1% to $17.7 billion due to macroeconomic challenges and elevated gross credit losses impacting loan growth.
- Bread Financial reported adjusted net income of $149 million and adjusted EPS of $3.15 for Q2 2025, excluding $10 million post-tax debt repurchase expenses.
- Credit reserve rate improved to 11.9%, a 30 basis point improvement year-over-year and sequentially.
- Credit sales grew 4% year-over-year to $6.8 billion, driven by new partner growth and higher general purpose spending.
- Delinquency rate improved to 5.7%, down 30 basis points year-over-year; net loss rate improved to 7.9%, down 70 basis points year-over-year despite hurricane impacts.
- Direct-to-consumer deposits grew 12% year-over-year to $8.1 billion, accounting for 45% of average total funding, improving funding mix.
- Net interest income decreased 1% year-over-year due to lower billed late fees and a shift in risk and product mix, partially offset by lower interest expense and pricing changes.
- Net interest margin was 17.7%, down 30 basis points year-over-year, impacted by elevated cash mix and lower loan yields.
- Noninterest income increased $3 million, mainly from paper statement pricing changes, offset by lower net interchange revenue.
- Return on average tangible common equity was 22.7% for the quarter.
- Revenue was $929 million, down 1% year-over-year, primarily due to lower finance charges and late fees, partially offset by lower interest expense.
- Total noninterest expenses increased 3% year-over-year to $12 million higher, mainly due to $13 million debt extinguishment costs; adjusted expenses were nearly flat.
- Expenses were better than expected in the first half, with full year expenses forecasted around $506 million, slightly better than original expectations.
- Net income increased over 23% compared to the prior quarter driven by higher net interest and noninterest income, good expense control, and lower provision expense.
- Net interest income was $163.6 million, up $3.1 million from prior quarter, with NIM at 3.11%, up 3 basis points.
- Noninterest income was $54 million, benefiting from a few favorable items, with recurring noninterest income expected around $51 million per quarter.
- Provision for credit losses was $4.5 million, with allowance for credit losses increasing to $167.8 million, coverage flat at 1.17% of total loans and leases.
- Total deposits increased slightly, with public deposits up $166 million, offsetting declines in commercial and retail deposits.
- Total loans increased about $59 million or 0.4%, mainly from a $125 million increase in dealer floor plan balances, offset by payoffs in commercial real estate construction loans.
- First-half revenues reached $672 million, up 39% from the prior year period, driven primarily by growth in M&A and capital markets.
- Moelis & Company reported $365 million in revenues for Q2 2025, a 38% increase year-over-year and the highest second quarter revenues on record.
- Non-compensation expense ratio for Q2 was 14.4%, with an expected full-year growth of approximately 15% compared to the prior year.
- The Board declared a regular quarterly dividend of $0.65 per share, unchanged from the prior period.
- The corporate tax rate was accrued at 29.5%, consistent with Q1's underlying tax rate prior to a discrete tax benefit.
- The firm maintains a strong balance sheet with $475 million in cash and liquid investments and no debt.
- The second-quarter compensation expense ratio was accrued at 69%, consistent with the previous quarter.
- Adjusted EBITDA was $195.7 million.
- Gain on sale margin increased to 113 basis points, up 19 basis points from Q1 2025.
- MSR portfolio stood at $211.2 billion UPB with a weighted average coupon of 5.51%.
- Net income was $314.5 million, including a $111 million decline in fair value of MSRs.
- Purchase originations totaled $27.3 billion, marking the third-best purchase quarter ever and tracking to over $100 billion for the year.
- Refinance volume doubled year-over-year to $12.4 billion, representing about 11% of the industry volume despite owning only 2% of the servicing market.
- Total equity increased to $1.7 billion and cash position was $490 million with total available liquidity of $2.2 billion.
- UWM reported $39.7 billion in production volume for Q2 2025, the best quarter since 2021 and nearly 20% higher than Q2 2024.
- CIB group achieved record origination growth with nearly two dozen new relationships and significant upsizes.
- Combined special mention, substandard, and foreclosed assets declined modestly, indicating stable asset quality.
- Fee income from capital markets activities increased due to bond and high-yield issuances impacting loan outstanding growth.
- Largest foreclosed asset, Lincoln Yards land in Chicago, sold at book value, representing a positive outcome.
- Margins expected to compress temporarily due to Fed cuts with a lag effect from deposit repricing.
- Net new originations and upsizes in CIB totaled about $1.6 billion, equating to $850 million in outstandings.
- Record level of RESG paydowns in the quarter, reflecting strong liquidity and refinance activity in CRE space.
- Three loans migrated to higher risk categories including one from substandard to substandard nonaccrual with a significant charge-off recognized.
- Adjusted compensation and related costs of $662 million essentially flat to Q1 2025; technology, occupancy, and facility costs up 7% from Q1 2025.
- Adjusted diluted earnings per share of $2.24 for Q2 2025 is in line with prior quarter's $2.23 and Q2 2024 EPS of $2.26.
- Adjusted net revenue of $1.76 billion is flat to Q2 2024 and down marginally from Q1 2025.
- Adjusted operating expenses of just over $1.1 billion, up 1% from Q1 2025 and 3.7% from Q2 2024.
- Average equity AUM down 5% and overall average AUM down 2% from Q1 2025; effective fee rate lowered to 39.6 basis points due to mix shift and flows into lower-priced products.
- Net outflows of $14.9 billion driven by U.S. equities, timing of client redemptions, and rebalancing activity coinciding with equity market snapback.
- Positive net flows in fixed income, multi-asset, alternatives, and $2.5 billion net flows into ETF products.
- Returned over $395 million to stockholders in first half of 2025, including $286 million in dividends and $109 million in share buybacks during Q2.
- Adjusted diluted EPS was $3.56, up 9% year-over-year and 60% higher than the same quarter three years ago.
- Adjusted operating margin improved to 50.9%, up 130 basis points from the prior year.
- Annualized compensation expense declined 4% year-to-date, supporting margin expansion efforts.
- MIS revenue was flat year-over-year, just shy of $1 billion for the second consecutive quarter, with adjusted operating margin expanding 100 basis points to 64.2%.
- Moody's Analytics revenue grew 11% with recurring revenue up 12%, and adjusted operating margin expanded 360 basis points to 32.1%.
- Moody's reported second quarter 2025 revenue of $1.9 billion, a 4% year-over-year increase despite a challenging issuance environment in April.
- Private credit-related revenue in MIS grew 75% year-over-year, contributing to flat revenue growth despite a 12% decline in issuance volume.
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