Fed cuts would immediately make borrowing cheaper on credit cards and auto loans, since those products are based on the short-term interest rates the central bank heavily influences. Mortgages are a different story, however. https://t.co/p93JFFvaJj ...

2Q25 Performance & Macro Environment - Loan book increased by 14% QoQ, exceeding the industry growth of 11.2%[5] - Total deposit base grew by 6% QoQ and 42% YoY, with US$ deposits reaching record levels, up 16% QoQ and 154% YoY[5] - Net Income increased to Ps 14 billion, up 62% QoQ[5] - NPL ratio stood at 2.7%[5] - CET 1 ratio was at 13.9%[5] Strategic Initiatives - Integrated Gen Al-powered interactions via the Bank's app, reaching over 150,000 interactions in July[9] - Investment transactions powered by IOL (invertironline): Over 4,700 clients placed US$ 28 million in time deposits[9] - Innovative Remunerated AR$ Savings Accounts increased by 13%, 3.5% above market, while US$ savings accounts increased by 6.2%, 10% above market[9] - SME checking accounts increased by 14% in AR$ and 43% in US$[9] Revised 2025 Perspectives - Loans are expected to grow between 40-50% in real terms[24] - Deposits are projected to increase by 20-30%[24] - NIM is expected to decline to 18-20%[24]

Earnings Presentation 2Q25 August 6th, 2025 Economic & Banking Industry Overview GDP growth driven by strengthening domestic demand Chile's GDP Growth YoY, % 4.5% 0.7% -2.1% -0.3% -0.1% 1.4% 1.1% 3.3% 1.2% 2.0% 4.0% 2.3% -3% -2% -1% 0% 1% 2% 3% 4% 5% Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Unemployment Rate % 10.9% 5.3% -40% -30% -20% -10% 0% 10% 20% Mar-22 May-22 Jul-22 Sep-22 Nov-22 Jan-23 Mar-23 May-23 Jul-23 Sep-23 Nov-23 Jan-24 Mar-24 May-24 Jul-24 Sep-24 Nov ...

Core Insights - LendingTree, Inc. reported strong financial results for Q2 2025, with Adjusted EBITDA increasing by 35% year-over-year, driven by revenue growth across all business segments [2][5] - The company has experienced five consecutive quarters of year-over-year revenue growth, with a positive outlook for continued growth [2][6] - The Insurance segment saw a revenue increase of 21% year-over-year, while the Consumer and Home segments also reported healthy gains despite challenging market conditions [2][6] Financial Performance - Total revenue for Q2 2025 was $250.1 million, a 19% increase from $210.1 million in Q2 2024 [4][8] - GAAP net income was $8.9 million, or $0.65 per diluted share, compared to $7.8 million, or $0.58 per diluted share in the same quarter last year [5][7] - Adjusted net income increased by 114% year-over-year to $15.4 million, with adjusted net income per share rising to $1.13 from $0.54 [5][25] Segment Performance - The Insurance segment generated $147.2 million in revenue, up 21% year-over-year, with a segment profit of $40.0 million, a 10% increase [6][8] - The Consumer segment reported revenue of $62.5 million, a 12% increase year-over-year, with personal loans revenue rising by 14% [6][8] - The Home segment achieved revenue of $40.4 million, a 25% increase year-over-year, with Home Equity revenue increasing by 38% [6][8] Capital Structure and Outlook - The company's net leverage improved to 3x from 5x over the past year, indicating a stronger capital position [2][6] - LendingTree aims to further reduce net leverage and enhance capital efficiency while continuing to invest in core business areas [2][6] - The company reiterated its financial outlook for Q3 and full-year 2025, projecting revenue between $273 million and $281 million [12][17]

Banks are making credit cards harder to get—for some customers https://t.co/2UPWIRlRrf ...

Banks are making credit cards harder to get—for some customers https://t.co/vW4JK76MLX ...

Financial Data and Key Metrics Changes - Customer lending grew by 3.2% to GBP 384 billion, while customer deposits increased by 1% to GBP 436 billion [4][5] - Assets under management and administration rose by 5.9% to GBP 52 billion [5] - Income increased by 13.7% to GBP 8 billion, and costs decreased by 1.4% to GBP 3.9 billion, resulting in an operating profit of GBP 3.6 billion and an attributable profit of GBP 2.5 billion [5][6] - Return on tangible equity was reported at 18.1%, with earnings per share up 28% to 31p [5][6] - An interim dividend of 9.5p was announced, reflecting a 58% increase [6] Business Line Data and Key Metrics Changes - Retail Banking saw a 3% increase in lending and a 1% rise in deposits, with a 4% increase in application share for mortgages [8][10] - Commercial and Institutional lending grew by 4% and deposits by 2%, driven by project finance and sustainable finance [10][11] - Private Banking and Wealth Management experienced a 2% increase in lending and net new inflows of GBP 1.5 billion, representing 8.1% of opening assets under management [11] Market Data and Key Metrics Changes - The bank attracted over 100,000 new customers through organic growth and the Sainsbury's transaction, which added approximately 1 million new customers [7][8] - The bank's share in credit cards increased from 9.7% to 11% due to the Sainsbury's acquisition [10] Company Strategy and Development Direction - The company is focused on disciplined growth, simplification, and enhancing customer experience through digitalization and technology upgrades [11][12][14] - A new target of delivering GBP 200 billion in climate and transition finance by 2030 was announced, building on previous commitments [11] - The bank is actively managing its balance sheet and has reduced its cost-to-income ratio from around 56% to 49% [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to continue driving lending growth despite a challenging UK economic backdrop [50][51] - The bank upgraded its 2025 guidance for income to over GBP 16 billion and return on tangible equity above 16.5% [16][30] - Management noted that the diversified prime loan book is performing well, with expectations for a loan impairment rate below 20 basis points for the full year [27][30] Other Important Information - The bank's CET1 ratio remained stable at 13.6%, with strong capital generation allowing for investments and shareholder returns [6][29] - A new share buyback program of GBP 750 million was announced, bringing total distributions to shareholders in the first half to around GBP 1.5 billion [6][29] Q&A Session Summary Question: On deposit flows and management of yields - Management acknowledged the impact of the Sainsbury's acquisition on deposit growth and confirmed that overall deposit share remained stable despite some current account losses [39][40] Question: On lending outlook and economic backdrop - Management expressed confidence in continued lending growth, supported by strong performance in both retail and commercial sectors [50][51] Question: On capital management and potential M&A - Management clarified that there is no intention to build a buffer for M&A, focusing instead on organic growth and shareholder returns [53][54] Question: On revenue guidance and drivers - Management indicated that the upgraded revenue guidance is supported by continued volume growth, the full run rate from Sainsbury's, and higher structural hedge income [78][81] Question: On mortgage spreads and market dynamics - Management noted that mortgage spreads are stabilizing and emphasized the importance of broadening the mortgage proposition to capture market opportunities [64][66]

Financial Data and Key Metrics Changes - Customer lending grew 3.2% to GBP 384 billion, while customer deposits increased by 1% to GBP 436 billion [3][4] - Income rose 13.7% to GBP 8 billion, and costs decreased by 1.4% to GBP 3.9 billion, resulting in an operating profit of GBP 3.6 billion and attributable profit of GBP 2.5 billion [4][5] - Return on tangible equity was 18.1%, and earnings per share increased by 28% to 31p [4][5] - Interim dividend announced at 9.5p, up 58%, with TNAV per share growing 16% to 351p [5] Business Line Data and Key Metrics Changes - Retail Banking saw lending growth of 3%, with deposits up 1% [7] - Commercial and Institutional lending increased by 4% and deposits by 2%, driven by project finance and sustainable finance [8] - Private Banking and Wealth Management experienced a 2% growth in lending and net new inflows of GBP 1.5 billion, representing 8.1% of opening AUM [9] Market Data and Key Metrics Changes - The bank attracted over 100,000 new customers through organic growth and the Sainsbury's transaction, which added around 1 million new customers [6][7] - The bank's share in credit cards increased from 9.7% to 11% due to the Sainsbury's acquisition [8] Company Strategy and Development Direction - The company is focused on disciplined growth, customer base expansion, and enhancing customer experience through digitization and simplification [6][10] - A new target of delivering GBP 200 billion in climate and transition finance by 2030 has been set, building on previous achievements [9][10] - The bank is modernizing its technology and operational model, including a strategic collaboration with AWS and Accenture to enhance data capabilities [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to continue delivering broad-based lending growth despite a challenging UK economic backdrop [49][50] - The bank upgraded its 2025 guidance for income to greater than GBP 16 billion and return on tangible equity above 16.5% [15][29] - Management noted that the diversified loan book is performing well, with expectations of a loan impairment rate below 20 basis points for the full year [25][29] Other Important Information - The CET1 ratio remained stable at 13.6%, with strong capital generation allowing for investments and shareholder returns [5][28] - The bank is actively managing its balance sheet, generating 101 basis points of capital in the first half [14] Q&A Session All Questions and Answers Question: On deposit flows and current accounts - Management acknowledged the growth in deposits but noted some loss in current accounts, attributing it to a disciplined pricing strategy amid competitive conditions [34][39] Question: On lending outlook and revenue guidance - Management expressed confidence in continued lending growth, supported by strong volumes and the full run rate from the Sainsbury's acquisition [46][49] Question: On capital management and potential M&A - Management clarified that they are not building a buffer for M&A but are focused on organic growth and maintaining a balanced capital allocation strategy [52][53] Question: On structural hedge and mortgage spreads - Management indicated that the structural hedge is performing well, with expectations of continued support for income, while mortgage spreads are stabilizing [57][63] Question: On FX risk management derivatives - Management explained that FX risk management activities are designed to take advantage of market volatility, contributing positively to overall income despite appearing as negative NII [98][101] Question: On lead reforms and mortgage market opportunities - Management expressed support for lead reforms, anticipating positive impacts on the mortgage market and increased borrowing capacity for first-time buyers [104][106]

Financial Performance - Net income for Q2 2025 was $210 million, an increase of $32 million compared to Q1 2025 and Q2 2024[8] - Net interest income increased by $26 million to $632 million[8, 24] - Earnings per share (EPS) increased by $053 to $309[8] - Return on average tangible common equity (ROTCE) was 1326%[8] Balance Sheet - Loans held in portfolio grew by $931 million or 25%[8, 10] - Total deposits increased by $14 billion or 21%[10] - Tangible book value per share increased by $339 to $7541[8, 10] - Total assets reached $76065 million[8] Credit Quality - Non-performing loans (NPLs) decreased by $2 million to $312 million[8, 10] - NPL ratio improved to 082% compared to 084% in Q1 2025[8, 10] - Net charge-off (NCO) ratio was 045% compared to 053% in Q1 2025[8, 10] Capital Actions - The company repurchased $1120 million in common stock at an average price of $9854 per share[10, 44] - A new common stock repurchase program of up to $500 million was announced[10, 44]

Market Performance - The S&P 500 reached a record closing high of 6309, up from 6305 the previous day [1] - The Dow increased by 179 points (+0.40%), while the Nasdaq decreased by 81 points (-0.39%) [1] - The small-cap Russell 2000 led the major indexes with a gain of 17 points (+0.79%) [1] Homebuilders Sector - Homebuilders had a strong trading day, with D.R. Horton (DHI) and Pulte Home (PHM) exceeding earnings expectations [2] - DHI's gross margins were better than anticipated, leading to a share price increase of +16.8% [2] - Pulte reported an increase in new orders, resulting in an +11.8% rise in shares [2] - The iShares Home Construction ETF (ITB) advanced by +7.88% [2] Interest Rate Expectations - Improved market sentiment is linked to expectations of a potential decrease in interest rates by the Federal Reserve [3] - High interest rates have kept mortgage rates elevated, limiting entry-level homebuyers' market access [3] - Current expectations suggest that high mortgage rates may soon decline [3] Earnings Reports - Texas Instruments (TXN) reported Q2 earnings of $1.41 per share, exceeding the Zacks consensus by 9 cents, with revenues of $4.45 billion surpassing expectations of $4.31 billion [4] - Despite the strong quarterly performance, Texas Instruments shares fell by -7% in late trading [4] - Capital One Financial (COF) reported earnings of $5.48 per share, significantly above the anticipated $3.83, with revenues of $12.49 billion exceeding expectations of $12.22 billion [5] - Capital One's shares rose by +1.5% following the earnings announcement [5] Upcoming Economic Indicators - Existing Home Sales for June are projected to slightly decrease to 4.0 million seasonally adjusted, annualized units, marking a return to levels not seen since October of the previous year [6] - The Northeast region experienced the fastest growth in the previous report, with an increase of +4.2% [6] Anticipated Earnings Reports - A significant number of earnings reports are expected, including major companies such as Alphabet (GOOGL) and Tesla (TSLA), along with IBM, Chipotle, Southwest Airlines, ServiceNow, and Las Vegas Sands [7]