Dafinchi AI

UMB Financial Corporation

UMBF

2025 Q2

Financial Services

2mo

Significant Private Investment Gain from Voyager Technologies IPO

Realized a $37.7 million pretax gain on private investments, including a $29.4 million gain from Voyager Technologies going public in June.
Investment in Voyager yielded a multiple on invested capital of 5.8x and an internal rate of return of 59%.
The private investment team has invested over $200 million across more than 50 businesses, demonstrating a successful long-term growth strategy.

Old National Bancorp

ONB

2025 Q3

Financial Services

Capital and Profitability Growth Driven by Strong Performance

Old National’s tangible book value per share increased by 17% annualized over the last quarter.
The company’s return on tangible common equity was 20%, with a ROA of 1.3%, both among the top decile of peers.
Profitability was driven by margin expansion, fee income growth, and well-controlled expenses.
Management highlighted that core EPS has grown 7.6% CAGR since 2018, with momentum heading into 2026.

Invesco Ltd.

IVZ

2025 Q2

Financial Services

3mo

Strategic Partnership and Capital Reallocation with MassMutual and Barings

Completed repurchase of $1 billion of preferred stock held by MassMutual, strengthening balance sheet.
MassMutual's plan to invest $150 million into Invesco Dynamic Credit Opportunity Fund, supporting private credit strategies.
Partnership with Barings focusing on U.S. wealth channel, with MassMutual supporting with $650 million of capital.
Emphasis on leveraging private markets growth, evolving wealth management offerings, and expanding private market manager partnerships.

Invesco Ltd.

IVZ

2025 Q2

Financial Services

3mo

Assets Under Management Beat

$2 trillion

We also built on the momentum of our first quarter financial results. We continue to deliver profitable growth with adjusted operating income up 3% and operating margins expanding 30 basis points in the second quarter when compared to the same quarter last year.

Voya Financial, Inc.

VOYA

2025 Q2

Financial Services

2mo

Financial Performance Summary

Employee Benefits segment earnings rose 15% to $69 million, driven by improved loss ratios and favorable claims experience.
Investment Management net inflows were about $2 billion in Q2, contributing to nearly $10 billion year-to-date.
Investment Management segment posted $51 million in adjusted operating earnings for Q2 and $214 million over the last 12 months, increases of 2% and 15% respectively.
Retirement segment generated $235 million in adjusted operating earnings for the quarter, up 10% year-over-year, with over $860 million in the last 12 months, up 19%.
Total defined contribution net inflows were approximately $12 billion in Q2, with year-to-date net flows exceeding $40 billion.
Voya Financial reported adjusted operating earnings per share of $2.46 in Q2 2025, a 13% increase year-over-year.
Voya generated approximately $200 million of excess capital in Q2 and $400 million year-to-date, strengthening the balance sheet.

Voya Financial, Inc.

VOYA

2025 Q2

Financial Services

2mo

Adjusted Operating Earnings Per Share Growth

$2.46 per share, up 13% year-over-year

We generated adjusted operating earnings per share of $2.46 in the second quarter, a 13% increase over the prior year.

Victory Capital Holdings, Inc.

VCTR

2025 Q2

Financial Services

2mo

Record Client Assets and Growth in Flows Post-Acquisition

The firm’s ETF platform posted positive net flows of over $4 billion in the first half of 2025, up nearly 90% from the previous year.
The company launched its first ETF managed by Pioneer, targeting securitized credit markets, and expanded its free cash flow ETF series.
The firm’s focus on expanding distribution channels, including international markets and UCITS products, is a key driver of growth.

U.S. Bancorp

USB

2025 Q3

Financial Services

Impact Finance Growth and Tax Benefits Post-Union Bank Acquisition

Impact Finance, bolstered by the Union Bank acquisition, grew at a 17% CAGR from 2021 to 2024 and is a core part of fee income.
The business has expanded its tax credit syndication capabilities, providing a net tax benefit that supports EPS growth.
Management anticipates additional growth from recent executive orders, especially in environmental, affordable housing, and community finance solutions.
Impact Finance's growth is driven by legislative support, market share gains, and strategic focus on renewable energy and low-income housing.
The segment's revenue and strategic importance have increased significantly, making it a key driver of the company's fee income and tax strategy.