Core Viewpoint - Valley National Bancorp reported strong financial performance in Q3 2025, with net income of $163.4 million, reflecting a significant increase from both the previous quarter and the same quarter last year [1][2]. Financial Performance - Net income for Q3 2025 was $163.4 million, or $0.28 per diluted share, compared to $133.2 million ($0.22 per share) in Q2 2025 and $97.9 million ($0.18 per share) in Q3 2024 [1]. - Adjusted net income, excluding non-core items, was $164.1 million for Q3 2025, up from $134.4 million in Q2 2025 and $96.8 million in Q3 2024 [1]. Net Interest Income and Margin - Net interest income on a tax-equivalent basis increased to $447.5 million in Q3 2025, up $13.8 million from Q2 2025 and $35.7 million from Q3 2024 [3][4]. - The net interest margin improved to 3.05% in Q3 2025, a 4 basis point increase from 3.01% in Q2 2025 and a 19 basis point increase from 2.86% in Q3 2024 [5]. Deposits - Total deposits rose by $450.5 million to $51.2 billion as of September 30, 2025, primarily due to inflows from commercial and government deposits [3][9]. - Non-interest bearing deposits remained stable at approximately $11.7 billion [9]. Loan Portfolio - Total loans decreased by $118.6 million, or 1.0% on an annualized basis, to $49.3 billion as of September 30, 2025, driven by declines in commercial real estate and commercial and industrial loans [3][6]. - Residential mortgage loans increased by $85.4 million to $5.8 billion, while total consumer loans rose by $50.7 million to $4.0 billion [8]. Credit Quality - The allowance for credit losses for loans was $598.6 million, representing 1.21% of total loans as of September 30, 2025 [11][17]. - Net loan charge-offs totaled $14.6 million in Q3 2025, a decrease from $37.8 million in Q2 2025 and $42.9 million in Q3 2024 [11][17]. Capital Adequacy - Total risk-based capital ratio was 13.83% as of September 30, 2025, up from 13.67% at June 30, 2025 [18]. - The company repurchased 1.3 million shares of common stock at an average price of $9.38 during the third quarter [18].

Core Viewpoint - Stock Yards Bancorp, Inc. reported strong financial performance for the second quarter of 2025, driven by significant loan growth and net interest margin expansion, resulting in record earnings of $34.0 million, or $1.15 per diluted share, compared to $27.6 million, or $0.94 per diluted share, in the same quarter of 2024 [1][2]. Financial Performance - Net income for Q2 2025 was $34.0 million, an increase of $6.4 million, or 23%, from Q2 2024 [2][5]. - Net interest income rose by $11.5 million, or 18%, to $73.5 million, attributed to strong growth in average earning assets and improved yields [5][10]. - Non-interest income increased by $693,000, or 3%, to $24.3 million compared to Q2 2024 [8][9]. Loan and Deposit Growth - Total loans increased by $779 million, or 13%, year-over-year, with a $204 million, or 3%, increase from the previous quarter [6][14]. - Deposit balances expanded by $938 million, or 14%, over the past 12 months, with a notable increase in interest-bearing deposits [16][28]. Net Interest Margin and Efficiency - Net interest margin expanded by 27 basis points year-over-year to 3.53%, driven by higher yields on earning assets and lower funding costs [2][10]. - The efficiency ratio improved to 53.83% from 57.26% in Q2 2024, indicating better operational efficiency [2][33]. Credit Quality - Provision for credit losses was recorded at $2.2 million, reflecting strong loan growth and a slightly deteriorating economic forecast [7][23]. - Non-performing loans totaled $18.0 million, or 0.26% of total loans, showing a slight improvement from 0.29% a year earlier [17][35]. Capital and Shareholder Returns - The company maintained a "well-capitalized" status with a tangible common equity ratio of 8.86% as of June 30, 2025 [18][29]. - A quarterly cash dividend of $0.31 per common share was declared, reflecting a commitment to returning value to shareholders [19][20]. Future Outlook - The company anticipates continued momentum in loan production and deposit growth, with expectations for net interest margin stability despite increased competition in the second half of the year [1][4].

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 Insights - Washington Trust Bancorp, Inc. reported a net income of $12.2 million, or $0.63 per diluted share, for the first quarter of 2025, a significant recovery from a net loss of $60.8 million in the fourth quarter of 2024 [1][2][28]. Financial Performance - Net interest income for Q1 2025 was $36.4 million, an increase of $3.5 million, or 11%, from Q4 2024, with a net interest margin of 2.29%, up by 34 basis points from the previous quarter [3][29]. - Noninterest income was $22.6 million in Q1 2025, compared to a loss of $77.9 million in Q4 2024, while adjusted noninterest income was $15.6 million, down by $394 thousand, or 2%, from the preceding quarter [4][28]. - Noninterest expenses totaled $42.2 million, an increase of $7.9 million, or 23%, from Q4 2024, with adjusted noninterest expenses at $35.8 million, up by $1.5 million, or 4% [4][28]. Asset Quality - Nonaccrual loans were $21.6 million, or 0.42% of total loans, at March 31, 2025, down from $23.3 million, or 0.45%, at December 31, 2024 [13]. - The allowance for credit losses on loans was $41.1 million, or 0.81% of total loans, slightly down from $42.0 million, or 0.82%, at the end of the previous quarter [15]. Capital and Dividends - Total shareholders' equity increased to $521.7 million at March 31, 2025, up by $22.0 million, or 4%, from December 31, 2024 [17][18]. - The Board of Directors declared a quarterly dividend of $0.56 per share for the quarter ended March 31, 2025 [18]. Loan and Deposit Trends - Total loans amounted to $5.1 billion at March 31, 2025, down by $42 million, or 1%, from the end of the preceding quarter [9][37]. - In-market deposits increased to $5.0 billion, up by $195 million, or 4%, from December 31, 2024, largely due to increases in high-rate savings account balances [10][11]. Wealth Management and Mortgage Banking - Wealth management revenues decreased by 2% from the preceding quarter, totaling $9.9 million, with assets under administration at $6.8 billion, down by 4% from December 31, 2024 [6][33]. - Mortgage banking revenues totaled $2.3 million for Q1 2025, down by 19% from the preceding quarter, reflecting a lower volume of loans sold to the secondary market [6][34].