- Brokered funding was reduced by approximately $127 million, improving liquidity.
- Core deposit balances increased by approximately $195 million in the quarter, driven in part by a municipal bond offering.
- Loan balances decreased slightly to just under $3 billion due to payoffs and refinancing, but new loans were originated at higher interest rates.
- Net interest income and overall earnings improved compared to prior periods.
- No provision for credit losses was recorded due to strong credit quality.
- The loan portfolio yield improved to 5.59% in Q2 from 5.52% in Q1, partially offset by a 4 basis point increase in deposit costs.
- West Bancorporation reported net income of $8 million in Q2 2035, up from $7.8 million in Q1 2035 and $5.2 million in Q2 2024.
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- Adjusted pre-tax earnings were $28.4 million, with net income of $22.4 million or $1.17 per diluted share after tax adjustments.
- Asset quality remained stable with non-accrual loans at $48.6 million and classified assets at $82.8 million; net charge-offs annualized at 10 basis points.
- Loan portfolio grew with $665 million in loans added from NBC merger; loan production was $243 million, up 23% linked quarter at an average rate of 7.14%.
- Net interest income increased to $62.5 million, up $12.7 million linked quarter, driven by margin expansion and asset growth.
- Net interest margin improved by 28 basis points to 4.45%, with core margin normalized at 4.35%.
- Non-interest expenses were $49.1 million including M&A charges; adjusted non-interest expenses were $42.9 million, up 8.3% due to NBC acquisition.
- Non-interest income (excluding portfolio repositioning) was $8.9 million, up $300,000 from Q2, driven by customer service charges and integration of NBC franchise.
- Reported a net loss of $29.7 million or $1.57 per diluted share for Q3 2025, primarily due to a $53.4 million realized loss on bond portfolio repositioning and $6.2 million in M&A costs.
- Asset quality remained strong despite one commercial borrower filing for bankruptcy, with past due loans at eight basis points, net charge-offs at two basis points, and non-performing loans at 37 basis points.
- Camden National Corporation reported strong second quarter 2025 earnings of $14.1 million, with diluted earnings per share of $0.83 and adjusted non-GAAP earnings of $15.2 million or $0.89 per share.
- Loan growth was 1% during the quarter, primarily from commercial and home equity loans, with a robust $150 million committed loan pipeline, a 40% increase over last quarter.
- Net interest margin expanded by two basis points to 3.06%, and the non-GAAP efficiency ratio improved to 55.5%, the lowest since 2022.
- Noninterest income reached $13.1 million, beating prior guidance, while noninterest expense was $37.6 million, 15% lower than the first quarter.
- Pretax pre-provision income excluding one-time merger-related expenses rose 13% from the prior quarter, reflecting early success in realizing cost synergies from the Northway acquisition.
- Tangible common equity ratio increased to 6.77%, with tangible book value per share rising 3% to $26.9.
- Total revenues grew 4% over the prior quarter to $62.3 million, driven by net interest income and noninterest income growth.
- Adjusted EPS exceeded guidance due to higher-than-expected fuel prices and cost management, including headcount control.
- Adjusted net income per diluted share was $3.95, up 1% year-over-year and 8% excluding fuel price and FX impacts.
- Benefits segment revenue rose 8.5% year-over-year to $195.1 million, with 6% SaaS account growth and 7% HSA account growth.
- Corporate Payments revenue declined 11.8% year-over-year, impacted by a large customer transition.
- Custodial investment revenue in Benefits rose 11.4% to $57.8 million, with steady interest yields.
- Direct AP volume grew over 25% year-over-year, marking the third consecutive quarter of such growth.
- Mobility segment revenue declined 3.7% year-over-year, including a 4.2% drag from fuel prices and FX.
- Payment processing rate in Mobility increased 2 basis points to 1.31%.
- WEX reported Q2 revenue of $659.6 million, down 2.1% year-over-year, but flat excluding fuel price and FX impacts.
- Agency business revenue was $717 million, up 16%, reflecting first quarter economic activity due to reporting lag.
- Closed orders increased 2%, with average revenue per order up 30% due to broad-based strength across asset classes and transaction sizes.
- Commercial revenue increased 33%, setting an all-time record in the National Commercial Services division for fee per file in a quarter.
- Debt-to-capital ratio was 32.1%, or 23.1% excluding secured financings payable.
- Effective tax rate was 24.6%, slightly above the normalized rate of 24%.
- First American reported second quarter adjusted earnings per share of $1.53, including $0.12 per share related to executive separation costs.
- GAAP earnings were $1.41 per diluted share; adjusted earnings excluded net investment losses and purchase-related intangible amortization.
- Home Warranty pretax income rose 35%, driven by a lower loss rate and revenue growth through the direct-to-consumer channel.
- Home Warranty revenue was $110 million, up 3%, with a loss ratio improvement from 46% to 41%.
- Information and other revenues rose 10%, primarily from Canadian operations with higher refinance activity.
- Investment income grew 17%, driven by escrow deposits and higher interest income from the investment portfolio.
- Pretax margin in the title segment was 12.6% (13.2% adjusted); Home Warranty pretax margin was 20.2% (20.7% adjusted).
- Provision for policy losses was $39 million or 3.0% of title premiums and escrow fees, unchanged from prior year.
- Residential purchase revenue declined 3% due to lower demand for new homes, while refinance revenue increased 54% but remains only 5% of direct revenue.
- Share repurchases totaled 1 million shares for $61 million in Q2, with an additional 577,000 shares repurchased in July.
- Title segment revenue was $1.7 billion, up 13%, with commercial revenue at $234 million, a 33% increase.
- Common Equity Tier 1 (CET1) ratio approached 12%, maintaining peer-leading capital ratios.
- Deposit balances increased while deposit costs declined, with total deposit cost down two basis points to 1.97%.
- Net charge-offs were stable at 42 basis points annualized, within the full-year target range of 40 to 45 basis points.
- Net interest income benefited from strong deposit and loan dynamics, achieving a 2.75% net interest margin (NIM), reaching year-end target one quarter early.
- Nonperforming assets declined 6% sequentially, and criticized loans decreased by 3%.
- Pre-provision net revenue increased by $33 million quarter-over-quarter, a 5% rise marking six consecutive quarters of improvement.
- Reported earnings per share of $0.41, with return on assets surpassing 1%.
- Revenues grew 17% year-over-year, adjusting for last year's securities portfolio repositioning.
- Adjusted EPS was $4.51, a 16% increase year-over-year.
- Client cash revenue was $414 million, up $5 million from Q1; client cash balances ended at $51 billion, down $2 billion sequentially.
- Commission and advisory fees net of payout were $349 million, down $14 million from Q1.
- Core G&A expenses were $426 million, below outlook range; full year 2025 outlook lowered to $1.720 billion to $1.750 billion excluding deals.
- Corporate cash ended Q2 at $3.6 billion, up $3 billion from Q1 due to capital raises; expected to decrease post-Commonwealth close.
- Depreciation and amortization were $96 million, up $4 million sequentially; expected to increase by $5 million in Q3.
- Gross profit was $1.304 billion, up $32 million sequentially.
- ICA yield was 342 basis points, up 5 basis points from Q1; expected to be flat in Q3.
- Including Commonwealth, new core G&A outlook is $1.880 billion to $1.920 billion.
- Interest expense was $102 million, up $22 million sequentially due to April debt issuance; expected to increase by $5 million in Q3.
- Leverage ratio was 1.23x at end of Q2; expected to be 2.25x post-close with a path to 2x by end of 2026.
- Organic net new assets were $21 billion, representing a 5% annualized growth rate.
- Payout rate was 87.3%, up approximately 60 basis points from Q1, with an expected increase to 87.6% in Q3.
- Promotional expense was $164 million, up $12 million from Q1; expected to increase by $35 million in Q3.
- Service and fee revenue was $152 million, up $7 million from Q1; expected to increase by $20 million in Q3.
- Tax rate was approximately 26% in Q2; expected around 27% in Q3.
- Total assets increased to a record $1.9 trillion in Q2, driven by solid organic growth and higher equity markets.
- Transaction revenue was $61 million, down $7 million sequentially; expected to increase by $5 million in Q3.
- 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.
- Adjusted earnings per share for Q2 2025 was $1.14, a 56% increase over Q2 2024.
- Adjusted expenses increased 5% year-over-year due to investments in growth and efficiency initiatives.
- Bank lending balances increased 19% year-over-year, with pledged asset line balances reaching a record $21 billion.
- Capital return included $5.3 billion through dividends, preferred stock redemption, and stock repurchases totaling $1.85 billion year-to-date.
- Client trading volumes increased 38% year-over-year to 7.6 million daily average trades in Q2.
- Core net new assets reached $218 billion in the first half of 2025, up 39% year-over-year.
- High-cost bank borrowings were reduced by over 70% from peak to $27.7 billion as of June 30, 2025.
- Net interest revenue increased 31% year-over-year driven by reduction in high-cost borrowings and increased securities lending.
- Second quarter revenue was $5.9 billion, a 25% increase year-over-year.
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