Financial Performance - Net interest income for 3Q 2025 was $43.1 million, a 0.2% increase from 2Q 2025[35, 38, 54] - Noninterest income was $29.4 million, representing 40.6% of revenue[35, 38, 118] - Adjusted EPS was $0.66 and adjusted ROAA was 1.28%[35, 118] - Tangible book value per share was $16.90, an increase of $0.79 from the prior quarter[35, 40, 118] Balance Sheet - Total loans reached $4.1 billion, a 1.4% increase from June 30, 2025[15, 35, 61, 118] - Total deposits amounted to $4.4 billion, a 1.7% increase from June 30, 2025[15, 35, 68, 118] - The loan to deposit ratio was 93.0%, a 0.2% decrease from the previous quarter[35, 68, 71, 118] Asset Quality and Capital Strength - Total reserves to loans were 1.51%[35, 100, 104, 118] - CET1 was 10.8%, well above bank regulatory requirements[35, 106, 118] - Net recoveries to average loans were (0.17)% for the quarter[35, 98, 104] Divisional Performance - Banking services noninterest income decreased 23.9% from 2Q 2025, primarily due to a $2.1 million gain on sale of a purchased credit deteriorated hospitality loan in 2Q 2025[75, 80] - Retirement and Benefit Services revenue increased 2.9% compared to 2Q 2025, driven by an increase in asset-based fees[85] - Wealth Advisory Services revenue decreased 10.9% from 2Q 2025, primarily due to the timing of the wealth management platform conversion and a decrease in brokerage and insurance commissions[90]

Core Insights - Bernstein Private Wealth Management has appointed Gregory Kadet and Cecily Bolding as managing directors in its private wealth offices in the Rocky Mountains and Dallas, Texas, to enhance its service to high-net-worth and ultrahigh-net-worth clients [1][5] Group 1: Leadership Appointments - Gregory Kadet has over 30 years of experience in wealth management and previously managed a team of 350 employees at UBS, overseeing more than $50 billion in assets [2] - Cecily Bolding brings two decades of experience in wealth management and previously served as managing director at Northern Trust, focusing on high-net-worth families in the Dallas market [3] Group 2: Strategic Expansion - The recruitment of Kadet and Bolding follows Bernstein's expansion of its ultrahigh-net-worth platform in January 2024, which includes the establishment of a dedicated service team [4] - Bernstein aims to grow its business through both organic and inorganic strategies, enhancing its advisor team to better serve clients [4][5] Group 3: Company Overview - Bernstein operates as a unit of AllianceBernstein, managing over $829 billion in assets as of June 30, 2025 [6]

Financial Performance - Net interest income for the second quarter of 2025 was $43 million, a $19 million or 46% increase from the first quarter of 2025[59] - Noninterest income increased 150% from the prior quarter[124] - Adjusted EPS increased $016 compared to the prior quarter[124] - Adjusted ROTCE was 210% in 2Q25, +34% vs 1Q25[40] - Adjusted ROAA was 141% in 2Q25, +31 bps vs 1Q25[40] Balance Sheet - Loans totaled $40 billion[40] - Deposits totaled $43 billion[40] - Synergistic deposits accounted for 212% of total deposits[40] - Tangible book value per share was $1611, an increase of $084 from the prior quarter[40] Asset Quality and Capital Strength - ACL to Total Loans was 147%[40] - CET1 was 105%, well above bank regulatory requirements[40]

Financial Performance Highlights - Net interest income for Q1 2025 was $412 million, a 75% increase compared to Q4 2024[51] - Net interest margin increased by 21 basis points to 341% in Q1 2025 from 320% in Q4 2024[51] - Adjusted earnings per share increased to $056 in Q1 2025, up $011 from Q4 2024[38] - Adjusted return on average assets was 110% in Q1 2025, a 25 basis points increase from Q4 2024[38] - Adjusted return on average tangible common equity was 1761% in Q1 2025, a 27% increase from Q4 2024[38] Balance Sheet Strength - Total loans increased by $93 million, or 23%, from December 31, 2024, reaching $41 billion[38, 60] - Total deposits increased by $107 million, or 24%, from December 31, 2024, reaching $45 billion[38, 67] - The loan-to-deposit ratio was 911% as of March 31, 2025[38, 67] Asset Quality and Capital Adequacy - The ratio of reserves to total loans was 152% as of March 31, 2025, an increase of 2 basis points from December 31, 2024[38, 96] - Common Equity Tier 1 (CET1) ratio was 101%, exceeding regulatory requirements[38] Segment Performance - Banking services noninterest income decreased 555% from Q4 2024, primarily due to a gain on the sale of fixed assets in the previous quarter[75] - Retirement and Benefit Services revenue decreased 23% compared to Q4 2024, driven by a decrease in asset-based and other fees[80] - Wealth advisory services revenue decreased 15% from Q4 2024[83]