- Expect to hold expenses flat at approximately $96.5 million in Q4 and into 2026.
- Factoring business touches 6-7% of all trucks on the road in the for-hire market.
- Factoring segment revenue growth targeted at 20% for next year, up from mid to high single digits.
- Invested $110 million in technology, maintaining a high tech spend relative to expense base.
- LoadPay revenue per funded account currently at $750, with some accounts generating $4,000-$5,000 annually.
- Payments business continued revenue growth despite tough market conditions.
- Payments volume from major partners like C.H. Robinson and RxO onboarded but revenue ramping up gradually.
- Restructuring efforts led to a 5% reduction in expense base, mostly realized in Q4.
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- Adjusted earnings per share were $0.74, with a return on assets of 1.54% and return on tangible common equity of 20%.
- Adjusted noninterest expenses increased 1% from Q1, with expense management efforts keeping year-over-year increases under 2% excluding leasing expenses.
- Adjusted noninterest income increased 11% over the linked quarter to $67.8 million, driven by mortgage, bankcard, leasing, and foreign exchange income.
- Asset quality remained stable with net charge-offs declining 15 basis points to 21 basis points of total loans and classified assets flat at 1.15% of total assets.
- First Financial Bancorp achieved record revenue of $226.3 million in Q2 2025, a 5% increase year-over-year.
- Loan growth was 2% annualized, with broad-based growth except for commercial real estate which declined due to higher payoffs.
- Net interest margin was strong at 4.05%, up 17 basis points from Q1, driven by a 5 basis point increase in asset yields and a 12 basis point decline in funding costs.
- Tangible common equity increased 16% year-over-year to 8.4%, and tangible book value per share rose 4% sequentially to $15.40.
- The Board approved a 4.2% increase in the common dividend to $0.25 per share, maintaining a payout ratio of approximately 35% of net income.
- Asset Servicing fees increased 6% year-over-year to $692 million, with assets under custody and administration reaching $16.9 trillion, up 9% year-over-year.
- Capital ratios remained strong with a common equity Tier 1 ratio of 12.2% and Tier 1 leverage ratio of 7.6%.
- Expenses increased 4.8% year-over-year excluding notable items, the lowest rate of growth in six quarters.
- Net interest income on an FTE basis was a record $615 million, up 7% sequentially and 16% year-over-year.
- Northern Trust reported second quarter net income of $421 million, earnings per share of $2.13, and a return on average common equity of 14.2%.
- Provision for credit losses increased to $16.5 million, mainly due to reserves for a small number of nonperforming loans, expected to normalize in future quarters.
- Returned $486 million to shareholders through dividends and share repurchases, reflecting a payout ratio of 117%.
- Revenue grew 8% year-over-year excluding notables, with trust, investment and other servicing fees totaling $1.2 billion, a 6% increase compared to last year.
- Wealth Management assets under management were $469 billion, up 12% year-over-year, with pretax profit increasing 18% over the prior year period.
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