Karnataka Bank Ltd recorded a net profit of ₹319.12 crore during the second quarter of 2025-26 against a net profit of ₹336.07 crore in the corresponding period of 2024-25, registering a decline of 5.04 per cent. However, the net profit improved by 9.1 per cent when compared to the first quarter of 2025-26. The bank had registered a net profit of ₹292.40 crore during Q1 2025-26. The board of directors of the bank, which met in Mangaluru on Saturday, approved the financial results for the quarter and the hal ...

Core Insights - SBI's standalone profit after tax increased by 10% year-on-year to ₹20,160 crore in Q2, surpassing expectations of a profit decline [1][7] - The bank's asset quality improved, with net NPA decreasing to 0.42% from 0.53% a year earlier [1][7] Financial Performance - Analysts noted that SBI's operational performance remains solid even when excluding one-time gains from the Yes Bank stake sale [2][7] - ICICI Direct has revised its price target for SBI to ₹1,120, indicating a potential upside of 17% from the previous close of ₹954.6 [2][7] - Emkay Global maintains a buy rating on SBI with a price target of ₹1,100, suggesting a 15.2% upside [7] Market Trends - SBI's shares have appreciated by 9.2% in the past month and 20.3% in 2025, reflecting renewed investor interest in public sector banks [3][7] - Public sector banks are experiencing a shift in investor interest away from private peers, with SBI's results reinforcing the growth narrative for the sector [2][3][7] Derivative Market Activity - Following the strong earnings report, traders have established new bullish positions in SBI's derivative contracts, with a notable increase in open interest [6][7] - The rollover of SBI futures to November was recorded at 84%, below the three-month average of 93.5% [6][7] Future Outlook - Analysts are optimistic about SBI's continued profitability improvement, supported by a favorable macro environment and effective management of provisions [7]

Core Insights - Pathfinder Bancorp reported a significant decline in net income for the second quarter of 2025, with net income attributable to common shareholders at $31,000, down from $3.0 million in the previous quarter and $2.0 million in the same quarter last year [2][21] - The company undertook proactive measures to mitigate credit risk, including the sale of $9.3 million in nonperforming and classified loans, which resulted in a pre-tax loss of $3.1 million [7][11] - Nonperforming loans decreased to $11.7 million, representing 1.28% of total loans, showing improvement from 1.45% in the previous quarter and 2.76% a year ago [27][30] Financial Performance - Net interest income for the second quarter of 2025 was $10.8 million, a decrease of 5.2% from the first quarter, but an increase of 14.1% from the second quarter of 2024 [5][9] - The net interest margin (NIM) was 3.11%, down from 3.31% in the first quarter of 2025, but up from 2.78% in the second quarter of 2024 [8][10] - Total deposits were $1.22 billion, a decrease from $1.26 billion in the previous quarter, but an increase of 11.0% from the same period last year [24][32] Asset Quality - The company recorded net charge-offs of $2.6 million, with a provision for credit loss expense of $1.2 million in the second quarter of 2025 [28][29] - The Allowance for Credit Losses (ACL) was $16.0 million, representing 1.76% of total loans, down from 1.91% in the previous quarter [30] - The efficiency ratio improved to 65.66%, compared to 67.19% in the linked quarter and 74.36% in the year-ago period, indicating better management of non-interest expenses [20] Liquidity and Capital - The company maintained a strong liquidity profile with total assets of $1.51 billion as of June 30, 2025, compared to $1.50 billion in the previous quarter [22] - Core deposits increased to 78.47% of total deposits, up from 78.31% in the previous quarter and 67.98% a year ago, reflecting a focus on low-cost funding [32] - Shareholders' equity totaled $124.4 million, a slight decrease from the previous quarter but an increase from the same period last year [25] Dividend Declaration - The Board of Directors declared a cash dividend of $0.10 per share, scheduled for disbursement on August 8, 2025, with an annualized dividend yield of 2.61% based on the closing stock price of $15.34 as of June 30, 2025 [35][36]