Core Insights - 1st Source reported Q2 2025 earnings per share (GAAP) of $1.51, exceeding analyst expectations of $1.47, while provisions for credit losses increased due to higher net charge-offs in auto and truck portfolios [1][2][7] Financial Performance - Q2 2025 revenue (GAAP) reached $108.25 million, an 11.3% increase from $97.27 million in Q2 2024 [2] - Net interest income (GAAP) rose to $85.19 million, a 15.0% increase year-over-year, driven by higher loan balances and improved net interest margin of 4.01% [2][5] - Average loans and leases grew to $6.97 billion, up 5.48% year-over-year, with significant growth in Commercial and Agricultural, Renewable Energy, and Construction Equipment portfolios [5] - Noninterest income (GAAP) was relatively flat at $23.06 million compared to Q2 2024, impacted by lower insurance commissions and equipment rental income [6] Asset Quality and Risk Management - Provisions for credit losses (GAAP) more than doubled to $7.69 million from $3.27 million in Q1 2025, with net charge-offs rising to $1.87 million [7] - Nonperforming assets as a share of loans and leases increased to 1.06%, primarily due to issues in the auto and light truck segment [7] - The allowance for loan and lease losses rose to $163.48 million, representing 2.30% of total loans and leases [7] Capital and Deposits - Average deposits increased by 2.3% to $7.35 billion, although noninterest-bearing deposits declined [8] - The bank's Common Equity Tier 1 ratio stood at 14.60%, indicating a strong capital base [8] - Tangible book value per share increased to $45.44 from $39.16 in Q2 2024 [8] Dividend and Outlook - The quarterly dividend was raised by 5.6% to $0.38 per share [10] - Management expressed confidence in the bank's balance sheet and liquidity, while acknowledging ongoing economic uncertainty and the need to monitor asset quality [10][11]

Core Viewpoint - Washington Trust Bancorp, Inc. reported a positive performance in the second quarter of 2025, with net income increasing to $13.2 million, reflecting growth in net interest income, wealth management revenue, and mortgage banking revenue, while maintaining a well-capitalized position [1][2]. Financial Performance - Net income for Q2 2025 was $13.2 million, or $0.68 per diluted share, up from $12.2 million, or $0.63 per diluted share in Q1 2025 [1]. - Adjusted net income for Q1 2025 was $11.8 million, or $0.61 per diluted share [1]. - Net interest income for Q2 2025 was $37.2 million, an increase of $763 thousand, or 2%, from Q1 2025 [3]. - Noninterest income decreased to $17.1 million in Q2 2025, down by $5.6 million, or 24.6%, from Q1 2025 [3]. - Noninterest expense totaled $36.5 million in Q2 2025, down by $5.7 million, or 13%, from Q1 2025 [4]. Income Tax and Provision for Credit Losses - Income tax expense for Q2 2025 was $3.9 million, with an effective tax rate of 22.7%, compared to $3.5 million and 22.3% in Q1 2025 [5]. - A provision for credit losses of $600 thousand was recognized in Q2 2025, down from $1.2 million in Q1 2025 [6][13]. Wealth Management and Mortgage Banking - Wealth management revenues increased by 2% in Q2 2025, totaling $10.1 million [6]. - Mortgage banking revenues rose by 32% in Q2 2025, amounting to $3.0 million, reflecting a higher volume of loans sold to the secondary market [6][30]. Loans and Deposits - Total loans reached $5.1 billion at the end of Q2 2025, up by 1% from Q1 2025 [8]. - In-market deposits amounted to $5.0 billion, also up by 1% from Q1 2025 [8]. Asset Quality - Nonaccrual loans were $26.1 million, or 0.51% of total loans, at the end of Q2 2025, compared to $21.6 million, or 0.42% in Q1 2025 [10]. - Past due loans increased to $14.0 million, or 0.27% of total loans, from $10.2 million, or 0.20% in Q1 2025 [11]. Capital and Dividends - Total shareholders' equity was $527.5 million at the end of Q2 2025, up by $5.8 million, or 1%, from Q1 2025 [14]. - A quarterly dividend of 56 cents per share was declared for Q2 2025 [15]. Conference Call - Washington Trust will host a conference call on July 22, 2025, to discuss its second quarter results and outlook [16].

Core Viewpoint - Horizon Bancorp, Inc. will host a conference call on July 24, 2025, to discuss its second quarter 2025 financial results, with the news release published on July 23, 2025 [1]. Group 1: Conference Call Details - The conference call is scheduled for 7:30 a.m. CT (8:30 a.m. ET) on July 24, 2025, and participants can join by dialing specific numbers based on their location [2]. - A telephone replay of the conference call will be available approximately one hour after the call ends, accessible until August 1, 2025, with a designated access code [3]. Group 2: Company Overview - Horizon Bancorp, Inc. is a commercial bank holding company with $7.6 billion in assets, serving customers in the Midwest through digital tools and physical branches in Indiana and Michigan [4]. - The company offers a variety of retail banking services, including residential and secured consumer lending, personal banking, and wealth management solutions [4]. - Horizon Bancorp also provides business banking and treasury management services, with commercial lending making up over half of its total loans [4].

Core Insights - Tech CU has appointed Jean Barbagelata to its Board of Directors, where she will serve on the Compensation Committee and the Nominating and Governance Committee [1] - Jean Barbagelata has over 30 years of experience in senior leadership roles, particularly in scaling technology companies and fostering inclusive cultures [1][3] - Her previous role as Chief People Officer at Matterport, Inc. saw the company grow revenue by 400% and successfully navigate its IPO in 2021 [2] Company Overview - Tech CU is a $4.7 billion credit union based in the Bay Area, serving over 200,000 members across the United States [4] - The organization is a federally insured not-for-profit, focusing on delivering superior rates, lower fees, and outstanding member benefits for over 60 years [4] - Tech CU offers a range of financial products, including personal banking, wealth management, private banking, commercial lending, and business banking [4]

Company Overview - Robinhood Markets, Inc. is valued at $51 billion and provides retail investors with access to stock, derivatives, and cryptocurrency trading, along with services such as retirement lending, credit cards, portfolio management, and plans for personal banking [1]. Leadership and Experience - Steve Quirk has been the Chief Brokerage Officer since early 2022 and has extensive industry experience, having previously overseen strategy and development at TD Ameritrade and Thinkorswim [2]. Corporate Identity and Ambitions - Robinhood aims to establish itself as the number one global financial ecosystem, positioning itself as a technology-driven firm within the financial and fintech sectors [3]. Performance and Growth - The company has achieved significant growth, including doubling its margin book and retirement product offerings, with the latter reportedly increasing tenfold [4].