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Earnings

Profits up while sales fall: How homebuilders did it

Earnings, Homebuilders, Housing markets, Originations /

Publicly traded homebuilders were tested in the most recent quarter by slowing volume and political and economic factors, but proved resilient as they navigated through various challenges.                Companies reported shrinking profits but still posted positive numbers, with falling mortgage rates providing some boost, even as consumer sentiment languishes.   Although the cloud of tariff policies continues […]

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Waterstone Mortgage profits surge even as loans fall

CAREER & COMPENSATION, Earnings, Originations, Secondary markets /

Waterstone Financial’s mortgage banking business recorded much higher net and pretax income in the third quarter compared to performance one year prior, even as the company produced 3.5% fewer loans. The company, in both its mortgage banking and community banking segments, was able to sustain its improved performance for the year during the quarter, said

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Flagstar reports another net loss amid ongoing revamp

Commercial banking, Commercial lending, CRE, Earnings, Flagstar Bank, Growth strategies /

Key insight: Flagstar logged another quarterly loss, though one that was smaller than in earlier quarters this year. Supporting data: The bank’s third-quarter net loss was $45 million. Forward look: Observers are focused on when the Long Island bank, which was battling for its survival last year, will return to profitability. UPDATE: This article includes

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Old Republic to acquire major farm owners insurer

Earnings, M&A, Servicing, Title insurance /

Old Republic is set to acquire a major insurer of small farm owners and select commercial agricultural operations. The specialty insurer bought Everett Cash Mutual Insurance Co. and affiliated companies for an undisclosed number, following its conversion to a stock company in a sponsored demutualization transaction.  “With ECM’s ‘narrow and deep’ expertise in the farm

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PennyMac’s Q3 2025 profit surges 33% with strong revenue growth

Earnings, HWmember, LendingLife, Mortgage, Mortgage Servicing, MSRs, PennyMac /

PennyMac Financial Services Inc. disclosed its third-quarter 2025 earnings on Wednesday, highlighted by a profit of $181.5 million from July through September — a figure that represented 33% growth from the prior quarter and 162% growth from the same period last year. The California-based mortgage lender increased its net income during the third quarter through

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Pennymac financial services unit improves profitability

Earnings, Industry News, Originations, Secondary markets, Servicing /

Pennymac’s financial services unit built profits as it produced consistent consecutive-quarter loan volume and reduced servicing valuation-related losses in a market with lower rates, but it fell short of some consensus expectations. The $181.5 million in net income recorded under generally-accepted accounting principles topped the previous quarter’s $136.5 million and $69.4 million a year earlier,

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Truist beats estimates, maintains 2025 guidance

Commercial banking, Consumer banking, Earnings, Truist Financial /

Key insight: Truist Financial reported third-quarter earnings Friday, with earnings per share that beat analysts’ estimates. Forward look: The regional bank expects full-year 2025 expenses to rise about 1% compared with the prior year. Supporting data: Wealth management fees rose 6.9% year over year. Truist Financial exceeded Wall Street expectations for third-quarter earnings, with a

Truist beats estimates, maintains 2025 guidance Read More »

Fifth Third’s earnings fall in line amid credit hits and M&A

Credit quality, Earnings, Fifth Third, Fifth Third Bancorp, M&A /

Key insight: Fifth Third’s massive credit blow tied to the allegedly fraudulent Tricolor Holdings bankruptcy “didn’t end up costing them that much,” an analyst said. What’s at stake: The company said last week it would acquire Comerica Bank, in what has been the largest bank deal announcement of 2025. Supporting data: The KBW Regional Banking

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U.S. Bank keeps focus on organic growth after strong quarter

Earnings, Fee income, U.S. Bank /

Bottom line: A double-digit spike in fee revenue at U.S. Bancorp pushed third-quarter net income to $2.0 billion. Expert quote: “We’re feeling very good about the momentum organically over time, and certainly see very real opportunity and quite a lot of runway,” said CEO Gunjan Kedia. Key insight: Return on tangible common equity totaled 18.6%

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Bank of America dials up outlook slightly after solid Q3

Bank of America, Commercial banking, Consumer banking, Earnings /

Key Insight: Bank of America’s revised-up guidance for net interest income comes partly thanks to an improving macroeconomic environment. Supporting Data: BofA’s NII guidance for the fourth quarter is now $15.6 billion to $15.7 billion, up from $15.5 billion to $15.7 billion. Expert Quote: “As we’ve seen more certainty now around trade and tariffs …

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