Reports

Novo Nordisk delivered a robust Q1 2025, with sales growing 19% and net profit rising 28%, fueled by continued demand for GLP-1 therapies and expanding market presence in obesity care.

• Sales increased 19% driven by strong performance in diabetes and obesity care.
• Operating profit rose 22% supported by increased product demand and efficiency.

ExxonMobil delivered solid Q1 2025 results with $83.1 billion in revenue and $13 billion in operating cash flow, driven by strong upstream performance and strategic cost savings, despite weaker industry refining margins and crude prices.

• Reported $7.7 billion in net income and $1.76 EPS.
• Generated $13 billion in operating cash flow and $8.84 billion in free cash flow.

Chevron delivered $3.5B in net income and $47.6B in revenue for Q1 2025, down from the prior year. The company maintained stable production and initiated production at the Ballymore field, while returning $6.9B to shareholders.

• Net income totaled $3.5B, down from $5.5B in Q1 2024.
• Adjusted EPS was $2.18, slightly above the GAAP EPS of $2.00.

Shell delivered a strong Q1 2025, with $4.8 billion in net income and $69.2 billion in revenue. Strong performance in Integrated Gas and Upstream, combined with capital discipline, drove results. The company also launched a new $3.5 billion buyback program.

• Adjusted EPS came in at $1.84 (ADS), beating estimates.
• Net income reached $4.8 billion, up significantly from Q4 2024.

Eaton delivered a robust Q1 2025, achieving record sales, net income, and adjusted EPS. Organic sales grew by 9%, exceeding expectations, and segment margins reached a first-quarter high of 23.9%.

• Adjusted EPS reached a record $2.72, up 13% from Q1 2024
• Organic sales growth was 9%, above the high end of guidance

Apollo delivered strong Q1 2025 results, with net income of $418 million and adjusted EPS of $1.82. Total AUM reached $785 billion, supported by $43 billion in organic inflows. The firm demonstrated earnings durability across its asset management and retirement services segments, while continuing to execute on strategic growth initiatives.

• Total AUM grew to $785 billion, driven by $43 billion in quarterly inflows.
• Adjusted Net Income was $1.119 billion, or $1.82 per share.

The Cigna Group delivered robust financial results in Q1 2025, with total revenues growing 14% year-over-year to $65.5 billion and net income reaching $1.3 billion. Adjusted income from operations was $1.8 billion, highlighting strong performance across Evernorth Health Services and Cigna Healthcare segments.

• Total revenues rose 14% year-over-year to $65.5 billion, driven by strong growth in pharmacy services.
• Net income reached $1.3 billion, reversing a net loss of $0.3 billion in Q1 2024.

Southern Copper Corporation achieved record-high net sales of $11,433.4 million for the full year 2024, a 15.5% increase from 2023. Fourth-quarter net sales rose 21.3% to $2,784.3 million. Net income for 4Q24 increased by 78.4% to $793.9 million, contributing to a 39.2% increase in full-year net income to $3,376.8 million. This growth was primarily attributed to higher sales volumes of copper, zinc, and silver, along with improved prices for all main products.

• 4Q24 net sales increased by 21.3% to $2,784.3 million, driven by higher sales volumes for copper, zinc, and silver, and better prices for all main products.
• Net income in 4Q24 surged by 78.4% to $793.9 million, with the net income margin improving to 28.5% from 19.4% in 4Q23.

ING achieved strong commercial performance in Q1 2025, posting €1.46 billion in net income and €5.64 billion in revenue. The quarter saw record deposit growth, higher mortgage volumes, and a substantial increase in fee income from investment products.

• Net income reached €1.46 billion, supported by resilient revenue and low risk costs.
• Fee income grew strongly to €1.09 billion, driven by investment product activity.

Ares Management posted solid Q1 2025 results with $816.99M in GAAP revenue, $0.80 GAAP EPS, and a net income of $251.1M, driven by robust fundraising and capital deployment.

• Total AUM reached a record $428.6B, reflecting strong capital inflows.
• Generated $12.2B in gross new capital, spread across major investment groups.

Raymond James Financial, Inc. reported quarterly net revenues of $3.40 billion, up 9% year-over-year but down 4% sequentially. Net income available to common shareholders was $493 million, or $2.36 per diluted share. The firm also reported record net revenues and pre-tax income for the first half of fiscal 2025.

• Quarterly net revenues reached $3.40 billion, marking a 9% increase year-over-year.
• Net income available to common shareholders was $493 million, translating to $2.36 per diluted share.

NVR, Inc. experienced a decrease in net income and diluted earnings per share in the first quarter of 2025 compared to the same period in 2024, primarily driven by higher lot costs, pricing pressure, and a lower income tax benefit from stock option exercises. Despite these challenges, consolidated revenues saw a modest increase.

• Consolidated revenues increased by 3% to $2,403,032,000 in Q1 2025 compared to Q1 2024.
• Net income decreased by 24% to $299,576,000, and diluted EPS decreased by 19% to $94.83 in Q1 2025.

T. Rowe Price posted solid results with $1.76 billion in revenue and $490.5 million in net income. The firm experienced $8.6 billion in net client outflows but maintained strong EPS and ended the quarter with $1.57 trillion in AUM.

• Revenue reached $1.76 billion, up slightly from the prior year.
• Net income was $490.5 million, with EPS at $2.15 and adjusted EPS at $2.23.

Westlake posted a net loss of $40 million in Q1 2025, affected by higher input costs and planned/unplanned plant outages, despite stable revenues and strong growth in the HIP segment.

• Net loss of $40 million driven by higher North American feedstock and energy costs.
• Revenue remained stable at $2.85 billion despite adverse macro conditions.

Revenue fell 8% due to weaker vehicle production and program roll-offs, but net income improved significantly from the prior year thanks to cost control and reduced restructuring and impairment charges.

• Revenue declined to $10.1B, impacted by lower production volumes and currency headwinds.
• Adjusted EBIT margin dropped to 3.5% from 4.3% year-over-year.

nVent reported an 11% increase in sales and improved adjusted EPS, driven by acquisitions and strength in infrastructure verticals. The company closed a major acquisition and raised its full-year 2025 sales and EPS guidance.

• Reported sales rose to $809 million, up 11% YoY.
• Adjusted EPS reached $0.67, reflecting 10% growth.

Applied Industrial Technologies reported strong operational performance in Q3 2025, with EBITDA and EPS exceeding expectations despite ongoing demand weakness. Net sales increased 1.8% year-over-year, driven by acquisitions, while organic daily sales decreased 3.1%. The company announced the acquisition of IRIS Factory Automation and a new share repurchase authorization.

• Net Sales of $1.2 billion increased 1.8% year-over-year.
• Net Income was $99.8 million, or $2.57 per share.

Mueller Industries, Inc. delivered strong first quarter 2025 results, with net income increasing to $157.4 million and net sales reaching $1.0 billion, driven by recent acquisitions and higher selling prices, despite some manufacturing disruptions and softer demand in certain segments.

• Net income increased by 13.7% to $157.4 million, up from $138.4 million in Q1 2024.
• Net sales rose by 17.7% to $1.0 billion, compared to $849.7 million in Q1 2024.

Fluor Corporation experienced a decline in net earnings for Q1 2025, reporting a loss of $232 million compared to a profit of $40 million in Q1 2024. This was primarily due to a significant equity method loss of $393 million. However, total revenue increased to $3,982 million from $3,734 million in the prior year, driven by strong performance in Urban Solutions.

• Net earnings attributable to Fluor decreased significantly to a loss of $241 million in Q1 2025, compared to a profit of $59 million in Q1 2024.
• Total revenue increased to $3,982 million in Q1 2025 from $3,734 million in Q1 2024, primarily driven by Urban Solutions.

United States Cellular Corporation reported total operating revenues of $891 million for the first quarter of 2025, a decrease from $950 million in the prior year. Net income attributable to UScellular shareholders remained consistent at $18 million, with diluted earnings per share at $0.21.

• Total operating revenues decreased by 6% year-over-year to $891 million.
• Net income attributable to UScellular shareholders remained stable at $18 million.

Madison Square Garden Sports Corp. reported revenues of $424.2 million for the fiscal third quarter ended March 31, 2025, a 1% decrease from the prior year. Operating income decreased by 59% to $32.3 million, and adjusted operating income decreased by 58% to $36.9 million, primarily due to increased direct operating expenses and decreased revenues.

• Revenues for Q3 2025 were $424.2 million, a 1% decrease from $430.0 million in Q3 2024.
• Operating income for Q3 2025 was $32.3 million, a 59% decrease from $79.7 million in Q3 2024.

United Bankshares, Inc. reported net income of $84.3 million, or $0.59 per diluted share, for the first quarter of 2025. The quarter was significantly impacted by the acquisition of Piedmont Bancorp, Inc., which led to increased average balances, income, and expenses, including merger-related noninterest expenses and provision for credit losses. Despite these acquisition-related impacts, the company achieved record net interest income and expanded its net interest margin.

• Net income for Q1 2025 was $84.3 million, or $0.59 per diluted share.
• Record net interest income of $260.1 million was achieved, an increase of 12% from Q4 2024.

CareTrust REIT delivered strong first quarter 2025 results, with significant increases in net income and revenue compared to the previous year. The company also increased its quarterly dividend and announced the pending strategic acquisition of Care REIT plc, which is expected to close in May 2025.

• Net income increased to $65.8 million, or $0.35 per diluted share, compared to $28.7 million, or $0.22 per diluted share, in the prior year.
• Total revenues for the quarter were $96.6 million, a substantial increase from $63.1 million in the same period last year.

New Jersey Resources reported a significant increase in net income and net financial earnings for the second quarter of fiscal 2025, primarily driven by strong performance in the Natural Gas Distribution segment due to a base rate case settlement and outperformance in the Energy Services segment due to natural gas price volatility.

• Consolidated net income for Q2 fiscal 2025 was $204.3 million, a substantial increase from $120.8 million in the same period last year.
• Consolidated net financial earnings (NFE) for Q2 fiscal 2025 were $178.3 million, up from $138.6 million in Q2 fiscal 2024.

Kilroy Realty reported a strong start to 2025 with solid leasing activity and growing momentum, despite market volatility. The company's high-quality portfolio is well-positioned for the West Coast office recovery. Subsequent to the quarter end, the company made progress on monetizing its future land bank by entering into an agreement to sell a portion of its Santa Fe Summit site in San Diego.

• Reported total revenues of $270.8 million for the first quarter of 2025.
• Net income available to common stockholders was $39.0 million, or $0.33 per diluted share.

TDS reported total operating revenues of $1,154 million for the first quarter of 2025, a decrease from $1,262 million in the prior year. The company experienced a net loss attributable to common shareholders of $(10) million, or $(0.09) per share, compared to net income of $12 million, or $0.10 per share, in the same period last year.

• Total operating revenues for Q1 2025 were $1,154 million, down from $1,262 million in Q1 2024.
• Net income (loss) attributable to TDS common shareholders was $(10) million, or $(0.09) per share, in Q1 2025.

Piper Sandler Companies reported a strong start to 2025, driven by record first quarter revenues in advisory services. Net revenues increased 4% compared to the year-ago quarter, reaching $357.3 million. Adjusted net income was $73.5 million, with adjusted diluted EPS of $4.09.

• Advisory services achieved record first quarter revenues of $217 million, accounting for approximately 60% of net revenues and growing 38% year-over-year.
• Institutional brokerage businesses delivered $99 million in revenues, up 9% over the first quarter of 2024, driven by increased client activity.

Cinemark Holdings, Inc. reported total revenue of $541 million and a net loss of $(39) million for the first quarter of 2025. Adjusted EBITDA was $36 million, with a 6.7% margin. The company outpaced industry recovery in box office results and achieved record domestic food and beverage per cap, while also initiating its first-ever stock buyback program and paying a dividend since the pandemic.

• Cinemark entertained 37 million moviegoers globally in Q1 2025.
• The company's domestic box office results surpassed North American industry recovery by 160 basis points year-over-year, and international admissions also outpaced comparable industry benchmarks.

Hecla Mining Company achieved record sales of $261.3 million and record Adjusted EBITDA of $90.8 million in Q1 2025. Keno Hill reached profitability, and Lucky Friday set a new milling record. The company's financial position improved with a lower net leverage ratio.

• Record sales of $261.3 million, a 5% increase from the prior quarter.
• Record Adjusted EBITDA of $90.8 million, contributing to an improved net leverage ratio of 1.5x.

Atmus Filtration Technologies delivered a solid first quarter in 2025, with net sales of $417 million and GAAP net income of $45 million, despite challenging market conditions. The company reaffirmed its full-year 2025 guidance, demonstrating confidence in its growth strategy and aftermarket-focused business.

• Net sales for Q1 2025 were $417 million, a 2.4% decrease from Q1 2024, primarily due to unfavorable currency impacts and lower volumes.
• GAAP net income was $45 million, with diluted earnings per share of $0.54, consistent with the prior year.

Terex Corporation exceeded its initial financial outlook for the first quarter of 2025, primarily driven by strong execution in its newly acquired Environmental Solutions Group (ESG) business. While Materials Processing (MP) and Aerials performance aligned with plans for production resets, the overall results were bolstered by ESG's contribution, accounting for approximately one-third of the quarter's revenue.

• Overall financial results exceeded initial outlook due to strong execution in the Environmental Solutions Group (ESG) business.
• ESG accounted for roughly one-third of the quarter's revenue, contributing significantly to performance.

Amedisys reported a significant increase in net income attributable to Amedisys, Inc. to $61.0 million in Q1 2025, up from $14.4 million in Q1 2024, primarily driven by a $48.1 million gain on an equity method investment. Net service revenue also increased to $594.8 million from $571.4 million in the prior year.

• Net service revenue increased by $23.4 million to $594.8 million in Q1 2025.
• Net income attributable to Amedisys, Inc. surged to $61.0 million, including a $48.1 million gain on an equity method investment.

Wendy’s experienced a decline in U.S. same-restaurant sales, impacting total revenue and net income. Despite this, international markets showed strong growth, and digital sales reached a new high. The company returned significant capital to shareholders and opened a net 68 new restaurants globally.

• Global digital sales reached a record 20.3% of sales mix.
• Net 68 new restaurants were opened globally in the quarter.

CVB Financial Corp. announced strong first quarter 2025 earnings, with net income of $51.1 million and diluted earnings per share of $0.36. The company demonstrated continued financial strength with a return on average assets of 1.37% and a net interest margin of 3.31%.

• Net earnings for Q1 2025 were $51.1 million, a slight increase from $50.9 million in Q4 2024.
• Diluted earnings per share remained stable at $0.36 compared to the prior quarter.

Amneal Pharmaceuticals, Inc. delivered a strong first quarter in 2025, with broad-based growth across all three segments. Net revenue increased by 5% to $695 million, and net income attributable to Amneal Pharmaceuticals, Inc. was $12 million, a significant improvement from a net loss in the prior year. Adjusted EBITDA also saw a 12% increase, reaching $170 million.

• Net revenue for Q1 2025 increased 5% to $695 million, up from $659 million in Q1 2024.
• Net income attributable to Amneal Pharmaceuticals, Inc. was $12 million in Q1 2025, a substantial improvement from a net loss of $92 million in Q1 2024.

Park National Corporation announced strong financial results for the first quarter of 2025, with net income rising by 19.8% to $42.2 million and diluted EPS increasing by 19.8% to $2.60. The company's total loans grew by 0.9% and deposits increased by 0.7% during the quarter, contributing to its overall success.

• Net income for Q1 2025 increased by 19.8% to $42.2 million compared to Q1 2024.
• Diluted earnings per common share rose by 19.8% to $2.60 in Q1 2025 from $2.17 in Q1 2024.

Arbor Realty Trust reported a net income of $30.4 million for the first quarter of 2025, down from $57.9 million in the prior year. Diluted EPS was $0.16, and distributable earnings were $0.28 per diluted common share. The company closed a new $1.15 billion repurchase facility, enhancing liquidity and reducing pricing.

• GAAP net income was $0.16 per diluted common share.
• Distributable earnings were $0.28 per diluted common share, excluding $7.1 million of realized losses from real estate owned properties.

Tootsie Roll Industries, Inc. reported first quarter 2025 net sales of $146,521,000, a 3% decrease from the prior year, but net earnings increased by 14% to $18,058,000, resulting in an EPS of $0.25.

• Net sales for Q1 2025 were $146,521,000, a decrease of 3% compared to Q1 2024.
• Net earnings for Q1 2025 were $18,058,000, an increase of 14% from Q1 2024.

Stock Yards Bancorp reported record net income of $33.3 million, or $1.13 per diluted share, for the first quarter ended March 31, 2025. This represents a significant increase from $25.9 million, or $0.88 per diluted share, in the same period last year. The strong performance was primarily attributed to robust loan growth and an improved net interest margin.

• Net income increased to a record $33.3 million, or $1.13 per diluted share, for Q1 2025.
• Total loans grew by a record $797 million, or 14%, over the last 12 months, with $126 million of growth in Q1 2025.

Criteo announced strong first quarter 2025 financial results, with revenue of $451 million, net income of $40 million, and diluted EPS of $0.66. The company also reported a significant increase in cash from operating activities to $62 million and deployed $56 million for share repurchases.

• Revenue for Q1 2025 was $451 million, showing a 0.3% increase year-over-year.
• Net income surged to $40 million in Q1 2025, a 367% increase from $9 million in Q1 2024.

Patria reported a record $3.2 billion in fundraising for Q1 2025, with Fee Related Earnings (FRE) of $42.6 million, up 21% year-over-year. Net income attributable to Patria was $13.6 million, and distributable earnings were $36.8 million, or $0.23 per share. The company also saw a 6% sequential and 46% year-over-year growth in FEAUM, with over $700 million in organic net inflows.

• Fundraising reached a record $3.2 billion in Q1 2025, highlighting expanded investment platforms and distribution capabilities.
• Fee Related Earnings (FRE) were $42.6 million, a 21% increase from Q1 2024, with an FRE margin of 55.1%.

City Holding Company announced net income of $30.3 million and diluted earnings of $2.06 per share for the first quarter of 2025. The company achieved a return on assets of 1.89% and a return on tangible equity of 20.7%. Net interest income increased slightly, and non-interest income also saw an increase.

• Net income for Q1 2025 was $30.3 million, with diluted earnings of $2.06 per share.
• The Company's return on assets was 1.89% and return on tangible equity was 20.7% for the quarter.

Xenia Hotels & Resorts, Inc. announced robust first quarter 2025 results, with net income attributable to common stockholders of $15.6 million, or $0.15 per share. Adjusted EBITDAre increased by 11.8% to $72.9 million, and Adjusted FFO per diluted share rose by 15.9% to $0.51, reflecting strong operational performance and strategic initiatives.

• Net Income attributable to common stockholders was $15.6 million, or $0.15 per share, showing significant growth compared to the prior year.
• Adjusted EBITDAre increased by 11.8% to $72.9 million, and Adjusted FFO per Diluted Share increased by 15.9% to $0.51, both exceeding expectations.

1st Source Corporation achieved record quarterly net income of $37.52 million in the first quarter of 2025, marking a substantial increase from both the previous quarter and the prior year. This performance was driven by higher rates on investment securities, increased average loan and lease balances, and reduced reliance on high-cost short-term borrowings, leading to an expansion in net interest margin.

• Net income reached a record $37.52 million, up 19.35% from the previous quarter and 27.38% from the first quarter of 2024.
• Diluted net income per common share was $1.52, an increase of 19.69% from the previous quarter and 27.73% from the prior year's first quarter.

Perella Weinberg reported record-high first quarter revenues of $211.8 million, a 107% increase year-over-year, driven by larger transactions and fee events. The firm achieved an adjusted pre-tax income of $21 million and adjusted EPS of $0.28, demonstrating strong financial performance and continued investment in talent.

• Revenues increased by 107% to $211.8 million, marking the highest Q1 on record.
• Adjusted Pre-Tax Income reached $21 million, with GAAP Pre-Tax Income at $12 million.

TriCo Bancshares reported a net income of $26.4 million and diluted EPS of $0.80 for the first quarter of 2025. The company's core business activities of adding customers, growing deposits, and originating loans were solid despite a volatile economic environment, and they achieved an 'Outstanding' rating in their recent Community Reinvestment Act examination.

• Net income for Q1 2025 was $26.4 million, a decrease from $29.0 million in the trailing quarter.
• Diluted EPS was $0.80, down from $0.88 in the trailing quarter.

WisdomTree, Inc. reported a net income of $24.6 million and diluted EPS of $0.17 for the first quarter of 2025. Operating revenues decreased by 2.4% from the prior quarter to $108.1 million, primarily due to fewer trading days and a lower average advisory fee, despite higher average AUM. The company achieved a record AUM of $115.8 billion and $3.0 billion in net inflows.

• Record AUM reached $115.8 billion, marking a 5.5% increase from the prior quarter, driven by net inflows and market appreciation.
• Net inflows totaled $3.0 billion, primarily from fixed income, U.S. equity, and international developed equity products, partially offset by outflows from emerging market equity products.

Interface, Inc. announced strong first-quarter 2025 results, with net sales totaling $297.4 million, up 2.6% year-over-year, and currency-neutral net sales up 4.1%. The company reported GAAP diluted EPS of $0.22 and adjusted diluted EPS of $0.25, demonstrating continued momentum from its One Interface strategy.

• Net sales increased by 2.6% year-over-year to $297.4 million.
• Currency-neutral net sales grew by 4.1%, indicating strong underlying business performance.

ARMOUR Residential REIT reported a GAAP net income of $24.3 million, or $0.32 per common share, and Distributable Earnings of $64.6 million, or $0.86 per common share, for Q1 2025. The company's total assets increased to $15.4969 billion, and total stockholders' equity rose to $1.7038 billion.

• GAAP net income available to common stockholders was $24.3 million, or $0.32 per common share.
• Distributable Earnings available to common stockholders reached $64.6 million, or $0.86 per common share.

Protolabs announced first-quarter 2025 financial results with total revenue of $126.2 million, a 1.3% decrease year-over-year. Net income was $3.6 million, or $0.15 per diluted share, while non-GAAP net income was $8.1 million, or $0.33 per diluted share. The company served 21,627 customer contacts, with revenue per customer contact increasing by 2.5%.

• Total revenue for Q1 2025 was $126.2 million, a 1.3% decrease from Q1 2024.
• Net income was $3.6 million ($0.15 per diluted share), and non-GAAP net income was $8.1 million ($0.33 per diluted share).

The Gorman-Rupp Company reported a strong first quarter in 2025 with net sales increasing by 2.9% to $163.9 million and net income rising significantly to $12.1 million, or $0.46 per share, up from $7.9 million, or $0.30 per share, in Q1 2024. Adjusted EBITDA also saw a 5.3% increase to $29.7 million.

• Net sales for Q1 2025 increased by 2.9% to $163.9 million compared to Q1 2024.
• Net income for Q1 2025 rose to $12.1 million ($0.46 per share) from $7.9 million ($0.30 per share) in Q1 2024, a 53% increase in earnings per share.

Burke & Herbert Financial Services Corp. reported strong first quarter 2025 results, with net income applicable to common shares totaling $27.0 million and diluted EPS of $1.80. The company also declared a $0.55 per share cash dividend and authorized a $50.0 million share repurchase program, demonstrating a commitment to shareholder returns and financial flexibility.

• Net income applicable to common shares was $27.0 million, with diluted EPS of $1.80.
• The company declared a regular cash dividend of $0.55 per share.

AdvanSix announced first quarter 2025 financial results with sales up 12% to $378 million, and a significant increase in net income to $23.3 million, compared to a loss in the prior year. This improvement was attributed to better operational performance, continued strength in Plant Nutrients, and a $26 million insurance settlement.

• Sales increased by approximately 12% year-over-year, reaching $378 million, driven by a 7% increase in volume and favorable market-based pricing.
• Net Income saw a substantial increase of $40.7 million from the prior year, totaling $23.3 million.

MetroCity Bankshares, Inc. reported net income of $16.3 million for the first quarter of 2025, a slight increase of 0.4% from the previous quarter. This growth was primarily attributed to a decrease in noninterest expense and an increase in net interest income. The company also announced a definitive merger agreement to acquire First IC Corporation, which is expected to close in the fourth quarter of 2025, significantly expanding its asset and deposit base.

• Net income for Q1 2025 was $16.3 million, a 0.4% increase from Q4 2024 and an 11.4% increase from Q1 2024.
• Annualized return on average assets was 1.85% and annualized return on average equity was 15.67% for Q1 2025.

First Community Bankshares, Inc. reported net income of $11.82 million for the first quarter of 2025, with diluted earnings per common share of $0.64. The company also declared a quarterly cash dividend of $0.31 per common share. Total assets stood at $3.23 billion.

• Net income for Q1 2025 was $11.82 million, or $0.64 per diluted common share.
• A quarterly cash dividend of $0.31 per common share was declared, marking the 40th consecutive year of regular dividends.

Butterfly Network, Inc. delivered on its quarterly revenue and EBITDA guidance, reporting a 20% year-over-year growth in revenue to $21.2 million and significantly reducing its net loss by 36%. The company also successfully raised $81.7 million in net proceeds through a public offering.

• Quarterly Revenue of $21.2 million in Q1, representing 20% YoY growth.
• Reduced Q1 Net Loss by 36% and Net Cash Used in Operations by 43%.

Oppenheimer Holdings Inc. reported a net income of $30.7 million and revenue of $367.8 million for the first quarter of 2025, representing increases of 17.7% and 4.2% respectively, compared to the first quarter of 2024. The firm's diversified businesses delivered profitable operating results despite uncertain macroeconomic conditions.

• Net income increased by 17.7% to $30.7 million in Q1 2025 compared to Q1 2024.
• Total revenue grew by 4.2% to $367.8 million in Q1 2025 from $353.1 million in Q1 2024.

Esquire Financial Holdings, Inc. reported a net income of $11.4 million for the first quarter of 2025, an increase of 13% compared to the same period in 2024. This growth was primarily driven by a 20.8% increase in net interest income, reaching $27.6 million, and a net interest margin expansion to 5.96%. The company maintained strong asset quality with a nonperforming loan to total assets ratio of 0.41% and achieved industry-leading returns on average assets and equity.

• Net income increased 13% to $11.4 million, or $1.33 per diluted share, compared to $10.1 million, or $1.20 per diluted share, in the comparable quarter of 2024.
• Net interest margin expanded to 5.96%, a 9 basis points increase on a linked quarter basis, primarily due to the successful deployment of excess average cash balances into commercial law firm loans.

AAM delivered positive net income and operating cash flow in Q1 2025, though revenue declined due to lower volumes. Cost control and productivity efforts supported profitability.

• Revenue decreased to $1.4113 billion from $1.6069 billion in Q1 2024.
• Net income was $7.1 million, down from $20.5 million a year ago.

Heritage Commerce Corp delivered a solid first quarter performance in 2025, with a 9% increase in profitability from the prior quarter. This was driven by improved net interest margin, strong expense control, and better asset quality, despite seasonally low loan demand and deposit outflows.

• Net income increased by 9% quarter-over-quarter and 14% year-over-year.
• Net interest margin (FTE) improved to 3.39% from 3.32% in the prior quarter.

Mid Penn Bancorp, Inc. reported net income available to common shareholders of $13.7 million, or $0.71 per diluted common share, for the first quarter of 2025. This represents a 13.3% increase in net income compared to the first quarter of 2024. The company also saw an increase in net interest margin and loan and deposit growth, alongside an improved core efficiency ratio.

• Net income available to common shareholders increased 13.3% to $13.7 million for Q1 2025.
• Net interest margin increased to 3.37% for Q1 2025, up 40 basis points from Q1 2024.

Peapack-Gladstone Financial Corporation announced strong first quarter 2025 financial results, with loans growing by $236 million to $5.8 billion and core relationship deposit balances increasing by $177 million. Net interest income rose by 9% to $45.5 million, and total revenue increased by 4% to $64.36 million. Net income for the quarter was $7.6 million, with diluted EPS at $0.43.

• Loans grew by $236 million to $5.8 billion, representing an annualized growth rate of 17%.
• Core relationship deposit balances increased by $177 million, enhancing the Company's total liquidity position by 26% since January 1, 2024.

First Financial Corporation announced strong first quarter 2025 results, with net income rising to $18.4 million from $10.9 million in Q1 2024, and diluted EPS increasing to $1.55 from $0.93. The company also reported a record net interest income of $52.0 million, up 33.5% year-over-year, driven by loan growth and an expanding net interest margin.

• Net income for Q1 2025 was $18.4 million, a significant increase from $10.9 million in Q1 2024.
• Diluted net income per common share rose to $1.55 in Q1 2025, up from $0.93 in Q1 2024.

Ennis, Inc. reported a decrease in revenues for the fourth quarter of fiscal year 2024, totaling $97.4 million, down 5.2% from the previous year's fourth quarter. Net earnings also declined to $10.1 million, or $0.39 per diluted share, compared to $12.2 million, or $0.47 per diluted share in the same period last year. Despite the revenue and earnings decrease, the gross profit margin for the quarter increased to 28.4% from 27.6% in the prior year.

• Revenues for the fourth quarter decreased by $5.3 million, or 5.2%, to $97.4 million compared to the same quarter last year.
• Net earnings for the quarter were $10.1 million, or $0.39 per diluted share, down from $12.2 million, or $0.47 per diluted share, in the prior year's fourth quarter.

HarborOne Bancorp, Inc. reported net income of $5.5 million for the first quarter of 2025, a decrease of $3.4 million from the previous quarter. Total revenue was $41.36 million, and diluted EPS was $0.14. The company saw strong commercial and industrial loan growth, improved its loans-to-deposits ratio, and increased its quarterly dividend.

• Net income for Q1 2025 was $5.5 million, or $0.14 per diluted share, a decrease primarily due to a $2.9 million decrease in mortgage banking income.
• Net interest margin improved by 3 basis points quarter-over-quarter to 2.39%.

Northfield Bancorp, Inc. reported net income of $7.9 million for the first quarter of 2025, resulting in diluted earnings per share of $0.19. This represents a decrease from the trailing quarter's net income of $11.3 million and diluted EPS of $0.27, but an increase from the first quarter of 2024's net income of $6.2 million and diluted EPS of $0.15. The net interest margin improved to 2.38% for the current quarter.

• Diluted earnings per share for Q1 2025 were $0.19, down from $0.27 in the trailing quarter but up from $0.15 in Q1 2024.
• Net interest margin increased to 2.38% in Q1 2025, reflecting lower funding costs and higher yields on interest-earning assets.

Northrim BanCorp reported net income of $13.3 million, or $2.38 per diluted share, in the first quarter of 2025. This marks a substantial increase compared to $10.9 million, or $1.95 per diluted share, in the fourth quarter of 2024, and $8.2 million, or $1.48 per diluted share, in the first quarter of 2024. The improved profitability was primarily attributed to the acquisition of Sallyport Commercial Finance, higher net interest income, and increased mortgage banking income.

• Net income for Q1 2025 was $13.3 million, a significant increase from $8.2 million in Q1 2024.
• Diluted EPS rose to $2.38 in Q1 2025, up from $1.48 in Q1 2024.

The Shyft Group reported a strong start to 2025 with increased sales and significant improvement in profitability. Sales increased by 3.4% year-over-year, and adjusted EBITDA saw a substantial rise of 6.2 million, demonstrating effective operational efficiency and commercial growth initiatives.

• Sales increased 3.4% year-over-year to $204.6 million.
• Adjusted EBITDA increased by $6.2 million to $12.3 million, representing 6.0% of sales.

Carter Bankshares, Inc. reported a net income of $9.0 million and diluted EPS of $0.39 for the first quarter of 2025. This represents an increase from $8.3 million net income and $0.36 diluted EPS in Q4 2024, and $5.8 million net income and $0.25 diluted EPS in Q1 2024. The company's total portfolio loans grew by $62.7 million, or 7.0% annualized, to $3.7 billion. Net interest income increased to $30.1 million, and total deposits rose by $47.5 million. A significant non-recurring gain of $1.9 million from a bank-owned life insurance death benefit contributed to the noninterest income.

• Net income for Q1 2025 increased to $9.0 million, up from $8.3 million in Q4 2024 and $5.8 million in Q1 2024.
• Total portfolio loans grew by $62.7 million, or 7.0% annualized, reaching $3.7 billion at March 31, 2025.

Northeast Community Bancorp, Inc. reported a net income of $10.567 million for the three months ended March 31, 2025, a decrease of 7.1% from $11.374 million in the same period last year. This decline was mainly driven by an increase in interest expense and provision for credit losses, partially offset by an increase in non-interest income.

• Net income decreased by $807,000, or 7.1%, to $10.567 million for Q1 2025 compared to Q1 2024.
• Total interest income increased slightly by $86,000, or 0.2%, to $38.207 million, while total interest expense increased by $808,000, or 6.2%, to $13.943 million.

Southern States Bancshares, Inc. announced net income of $10.4 million, or $1.03 diluted earnings per share, for the first quarter of 2025. This represents a significant increase from $8.1 million, or $0.90 diluted earnings per share, in the first quarter of 2024. The company's net interest margin improved to 3.75%, and loans and deposits saw annualized growth.

• Net income for Q1 2025 was $10.4 million, or $1.03 per diluted share, an increase from $8.1 million in Q1 2024.
• Net interest margin improved to 3.75% in Q1 2025, up 9 basis points from the prior quarter and 16 basis points from the prior year.

FS Bancorp, Inc. reported a net income of $8.0 million for the first quarter of 2025, a 9% increase from the previous quarter but a 4% decrease compared to the same quarter last year. Diluted earnings per share were $1.01. Total deposits increased by 11.8% to $2.62 billion, primarily driven by brokered deposits. Borrowings significantly decreased by 77.6%, repositioned into wholesale brokered CDs.

• Net income for Q1 2025 was $8.0 million, up from $7.4 million in the prior quarter but down from $8.4 million in Q1 2024.
• Total deposits grew by $275.7 million (11.8%) to $2.62 billion, with a notable increase in brokered deposits.

Waterstone Financial, Inc. reported a net income of $3.036 million for the quarter ended March 31, 2025, with diluted EPS of $0.17. The Community Banking segment showed strong performance with increased net interest income and margin, while the Mortgage Banking segment experienced a pre-tax loss due to decreased loan origination volumes and elevated legal expenses.

• Consolidated net income remained stable at $3.0 million for both Q1 2025 and Q1 2024.
• Community Banking segment's pre-tax income increased by 41.7% to $6.1 million, driven by a 6.9% increase in net interest income.

Fidelity D & D Bancorp, Inc. reported a significant increase in net income for the first quarter of 2025, reaching $6.0 million, an 18% increase compared to the same period in the previous year. This growth was primarily driven by a rise in net interest income and non-interest income, partially offset by increased operating expenses and provisions for income tax and credit losses. The company also saw an increase in total assets and shareholders' equity.

• Net income increased by 18% to $5.991 million in Q1 2025, up from $5.057 million in Q1 2024.
• Diluted EPS rose to $1.03 in Q1 2025 from $0.88 in Q1 2024.

City Office REIT reported first-quarter 2025 results with rental and other revenues of $42.3 million and a GAAP net loss attributable to common stockholders of $3.5 million, or ($0.09) per fully diluted share. Core FFO was $12.3 million, or $0.30 per fully diluted share, and AFFO was $6.5 million, or $0.16 per fully diluted share. The company saw a 4.4% increase in Same Store Cash NOI compared to the first quarter of 2024 and maintained an in-place occupancy of 84.9%.

• Rental and other revenues for Q1 2025 were $42.3 million.
• GAAP net loss attributable to common stockholders was $3.5 million, or ($0.09) per fully diluted share.

Virginia National Bankshares Corporation reported a strong first quarter in 2025, with net income increasing to $4.5 million, or $0.83 per diluted share, up from $3.6 million, or $0.68 per diluted share, in the prior year. This growth was primarily due to increased net interest income from higher average loan balances and decreased interest expense.

• Net income increased by 23% year-over-year to $4.5 million.
• Diluted EPS rose to $0.83 from $0.68 in the prior year's first quarter.

AirSculpt Technologies reported a decline in revenue and net income for the first quarter of fiscal year 2025 compared to the same period in 2024, with revenue decreasing by 17.3% to $39.4 million and a net loss of $2.8 million. Despite the decline, the company noted strengthened profitability compared to the fourth quarter of 2024 due to cost reduction initiatives and expense discipline.

• First quarter 2025 revenue declined 17.3% to $39.4 million from $47.6 million in the fiscal year 2024 first quarter.
• The company reported a net loss of $2.8 million for the quarter, compared to net income of $6.0 million in the fiscal year 2024 first quarter.

Carisma Therapeutics experienced a net loss of $60.477 million in Q4 2024, an improvement from the $86.879 million loss in the prior year. Collaboration revenues increased to $19.632 million, driven by a development candidate nomination. The company implemented significant workforce reductions and ceased development of certain product candidates as part of its cash preservation plan, leading to decreased operating expenses.

• Net loss improved to $60.477 million in 2024 from $86.879 million in 2023.
• Collaboration revenues increased to $19.632 million in 2024 from $14.919 million in 2023, primarily due to a development candidate nomination.

Cboe Global Markets posted a strong start to 2025 with record net revenue of $565.2 million and record adjusted EPS of $2.50. Robust performance in derivatives, equities, and FX drove the growth.

• Achieved record net revenue of $565.2 million, up 13% YoY.
• Reported diluted EPS of $2.37 and adjusted EPS of $2.50.