- Adjusted earnings per share were $0.42 compared to $0.44 a year ago, impacted by lower Iraq revenues and higher interest expense.
- Adjusted operating margin remained stable at 19% year-over-year despite higher consumer fraud losses and lower Iraq contributions.
- Branded digital business increased transactions by 9% and adjusted revenue by 6%.
- Cash flow from operations was $148 million year-to-date, up from $60 million prior year, with capital expenditures down 15%.
- Consumer money transfer transactions declined 3% in the quarter, while cross-border principal grew mid-single digits on a constant currency ex Iraq basis.
- Consumer Services adjusted revenue grew 40% driven by Eurochange acquisition and strong European travel.
- Returned over $150 million to shareholders in Q2 and over $300 million in the first half of 2025, representing over 10% cash return versus market cap.
- Western Union reported second quarter 2025 adjusted revenue of $1.026 billion, down 1% year-over-year excluding Iraq impacts.
Explore Similar Insights
- Core fee revenue grew 9% quarter-over-quarter, led by wealth (17% YoY growth), capital markets, and mortgage businesses.
- Core net interest margin expanded by 1 basis point to 3.89%, driven by a 9 basis point reduction in total funding costs and a deposit beta of 43%.
- Gross loans were flat quarter-over-quarter, with strong commercial fundings, especially in C&I loans growing 2% linked quarter, and consumer residential mortgage and HELOCs growing 2% and 8% respectively.
- Net credit costs were $14.3 million with net charge-offs at 30 basis points, half attributable to the Upstart sale; excluding Upstart, net charge-offs were 14 basis points.
- Nonperforming assets declined to 51 basis points of total assets due to payoffs, despite a slight uptick in delinquencies that resolved in July.
- Total client deposits increased 1% linked quarter and 5% year-over-year, with noninterest deposits growing 11% YoY to over 30% of total deposits.
- WSFS reported core earnings per share of $1.27 for Q2 2025, with core return on assets at 1.3% and core return on tangible common equity at 18.03%, all improved from Q1.
- WSFS returned $87.3 million in capital during Q2, including $77.7 million in share buybacks representing 2.7% of outstanding shares; year-to-date buybacks total 4.4% of shares.
- Credit quality remained strong with nonperforming loans decreasing and charge-offs stable compared to prior quarters.
- Deposits grew by nearly $900 million to almost $57 billion, maintaining pace with loan growth.
- Net income reached a record $216 million, up nearly 11% quarter-over-quarter from $195 million.
- Net interest income increased by $20 million to $567 million, driven by strong loan and balance sheet growth.
- Net interest margin was stable at 3.5%, within the targeted range despite a slight decline from the prior quarter.
- Non-interest expenses slightly declined to $380 million, improving efficiency and overhead ratios.
- Non-interest income rose by $6.7 million to $130.8 million, supported by wealth management, mortgage revenue, and security gains.
- Total loans grew by over $1 billion in the quarter, reaching $52 billion, an 11% annualized increase year-to-date.
- Adjusted compensation expenses were $372 million, up from $316 million last year, maintaining an adjusted compensation expense ratio of 61.5%.
- Adjusted earnings per share were $2.14, up 75% compared to the same quarter last year.
- Adjusted effective tax rate was negative 0.8% compared to 31.2% last year, due to a policy change excluding stock-based compensation vesting impact.
- Adjusted non-compensation expenses increased to $94 million from $80 million, with a non-compensation expense ratio steady at 15.6%.
- Corporate Finance revenues were $399 million, a 21% increase over last year's first quarter, with 125 transactions closed versus 116 last year.
- Financial and Valuation Advisory revenues were $79 million, a 16% increase from the prior year, with 957 fee events versus 847 last year.
- Financial Restructuring revenues were $128 million, a 9% increase year-over-year, with 35 transactions closed compared to 33 last year.
- Houlihan Lokey reported revenues of $605 million for the first quarter of fiscal year 2026, an 18% increase year-over-year.
- Other income and expense produced income of approximately $8 million versus $5 million last year, driven by increased interest and other income from investment securities.
- Adjusted book value per share ex AOCI and with AB ownership at market value was $40.89, up 11% year-over-year.
- Adjusted non-GAAP operating EPS was $1.41, down 8% compared to the prior year, primarily due to elevated individual life mortality claims.
- AllianceBernstein (AB) reported net outflows of $6.7 billion in Q2 but returned to net inflows in June; private markets AUM grew 20% year-over-year to $77 billion.
- Assets under management and administration reached a record $1.1 trillion, up 5% year-to-date.
- GAAP net loss was $349 million, impacted by notable items including a $74 million after-tax negative item in Protection Solutions.
- Non-GAAP operating earnings were $352 million or $1.10 per share, down 23% year-over-year on a per share basis.
- Wealth Management earnings increased 16% year-over-year with $2 billion of advisory net inflows and a 12% trailing 12-month organic growth rate.
Dafinchi