- Adjusted expenses increased 3.1% linked quarter primarily due to higher personnel expenses related to merit increases and strategic hiring.
- Adjusted revenue increased 2.1% linked quarter due to 2.3% growth in net interest income and 1.8% growth in non-interest income.
- Asset quality improved with net charge-offs declining nine basis points linked quarter to 51 basis points and nonperforming loans down nine basis points linked quarter.
- Average loan balances increased 2% linked quarter and end-of-period loans increased 3.3%, driven by broad-based growth in consumer and wholesale segments.
- Capital position remains strong with a CET1 ratio of 11% stated and 9.3% adjusted for AOCI, supporting balance sheet growth and capital returns.
- Returned $1.4 billion to shareholders via dividends and repurchased $750 million of common stock in the quarter, including opportunistic repurchases above target.
- Truist reported second quarter 2025 net income available to common shareholders of $1.2 billion or $0.90 per share, including $0.02 per share of restructuring charges and $0.01 per share of losses from investment securities sales.
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- Assets under custody doubled year-over-year to more than $0.25 trillion, with average assets per funded customer surpassing $10,000 for the first time.
- Bitstamp acquisition closed, adding a growing institutional business and over 600,000 international customers.
- Earnings per share doubled from a year ago.
- Interest-earning assets increased over 50%, driven by cash sweep, margin, and securities lending activities, with Gold cash sweep balances crossing $30 billion.
- Net deposits remained strong with the third highest quarter ever, exceeding $10 billion for six consecutive quarters and continuing momentum into July with around $6 billion in net deposits.
- Retirement assets exceeded $20 billion, more than doubling in the past year.
- Revenue grew 45% year-over-year to nearly $1 billion in Q2 2025, driven by strong business growth and record trading volumes across equities, options, prediction markets, index options, and futures.
- Robinhood Gold subscribers reached a record 3.5 million, representing 13% adoption overall and over 35% adoption among new customers in Q2.
- Robinhood Strategies grew to over 100,000 funded customers and $0.5 billion in assets shortly after launch.
- Adjusted pretax operating loss for All Other was $16.4 million, primarily due to mark-to-market changes on residential mortgage loans held for sale.
- Book value per share increased 12% year-over-year to $33.18, including $2.02 of unrealized net loss on investments expected to accrete over time.
- Operating expenses totaled $89 million for the quarter, with full-year 2025 expenses expected at $320 million, an 8% decrease from 2024.
- Primary mortgage insurance in force grew to an all-time high of $277 billion, with new insurance written at $14.3 billion, a 3% increase year-over-year.
- Provision for losses was a net expense of $12 million, down from $15 million in Q1, supported by strong cure activity and low claim levels.
- Radian reported net income of $142 million in Q2 2025, with a return on equity of 12.5%.
- Total revenues were $318 million, with net premiums earned at $234 million, consistent with previous quarters.
- Adjusted compensation expense was accrued at 67.5% of revenues for the first half of 2025 compared to 69.5% for the first half of 2024.
- Adjusted EPS was $1.54, up 29% from year ago levels for the second quarter.
- Adjusted noncompensation expense was $52 million in the second quarter, up 18% year-over-year, and $101 million for the first half, up 13.5% year-over-year.
- Adjusted pretax income was $80 million, up 22% year-over-year.
- Adjusted pretax margin for the first 6 months was 18.6% compared to 17.5% for the same period last year.
- Adjusted pretax margin for the second quarter was 19.7% compared to 18.2% for the same period last year.
- Board approved a quarterly dividend of $0.25 per share.
- Effective tax rate for the first half of 2025 was 16.5%, estimated for the full year.
- Ended the quarter with $318 million in cash, cash equivalents and short-term investments and $461 million in net working capital with no funded debt outstanding.
- For the 6 months, revenues increased 6%, adjusted pretax income increased 13%, and adjusted EPS increased 19% from year ago levels.
- Repurchased approximately 642,000 shares in the second quarter and 2.1 million shares in the first 6 months.
- Second quarter revenues were $407 million, up 13% year-over-year.
- Weighted average share count was 43.4 million shares, up 1% versus a year ago.
- Allowance for credit losses to total portfolio loans was 1.19%, decreasing $9.8 million from prior quarter due to payoffs and portfolio mix changes.
- Deposits increased 58% year-over-year to $21.2 billion, including $6.9 billion from Premier and $849 million organic growth.
- Efficiency ratio improved 10 percentage points year-over-year to 55.5%, aided by planned acquisition cost savings.
- Fee income grew 40% year-over-year to $44 million, driven by acquisition and organic growth.
- For the quarter ending June 30, 2025, WesBanco reported net income excluding merger and restructuring expenses of $87.3 million and diluted earnings per share of $0.91, an increase of 86% year-over-year.
- Net interest margin improved to 3.59%, driven by the Premier acquisition and loan growth.
- Noninterest expense excluding restructuring and merger costs was $145.5 million, up 47.5% year-over-year due to acquisition-related expenses and higher FDIC insurance.
- Returns on average assets and tangible equity improved to 1.3% and 17%, respectively.
- Total assets increased 52% year-over-year to $27.6 billion, including $18.8 billion in total portfolio loans.
- Total assets increased 52% year-over-year to $27.6 billion, including $18.8 billion in total portfolio loans and $4.4 billion in securities.
- Total portfolio loans increased 53.6%, with $5.9 billion from Premier and $670 million organic growth.
- Completed 555 full and partial upgrades in Q2, leased 381 upgraded units with an average rent premium of $73 and 26% ROI.
- Core FFO for Q2 was $18 million or $0.71 per diluted share, up from $0.69 in Q2 2024.
- Entered a new 5-year $100 million SOFR swap at 3.489% fixed rate.
- Net loss for Q2 2025 was $7 million or $0.28 loss per diluted share on total revenue of $63.1 million, compared to net income of $10.6 million or $0.40 EPS on $64.2 million revenue in Q2 2024.
- NOI was $38 million on 35 properties versus $38.9 million on 36 properties in Q2 2024.
- Paid a Q2 dividend of $0.51 per share, a 147.6% increase since inception, with 1.39x core FFO coverage and 72.2% payout ratio.
- Repurchased 223,109 shares for $7.6 million at an average price of $34.29 per share.
- Same-store rent and occupancy decreased 1.3% and 0.8%, respectively, leading to a 1.1% decrease in same-store NOI compared to Q2 2024.
- Since inception, 9,113 upgrades installed with average monthly rental increases of $165, $50, and $43 for full/partial upgrades, kitchen/laundry appliances, and tech packages respectively, with strong ROI.
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