Reports

Blackstone delivered solid results in Q3 2025 with $54.2 billion in inflows, a 12% increase in total AUM year-over-year, and distributable earnings of $1.89 billion. The firm also declared a $1.29 dividend per share.

• Total AUM rose to $1.24 trillion, up 12% year-over-year
• Distributable earnings reached $1.89 billion in the quarter

Honeywell delivered a solid third quarter with 7% revenue growth and EPS above the high end of guidance. Aerospace and defense demand drove results, while Building Automation also contributed meaningfully. Operating income declined slightly due to margin compression, but segment profit grew.

• Revenue reached $10.408 billion, up 7% year over year.
• Adjusted EPS came in at $2.82, exceeding guidance.

Union Pacific delivered solid financial performance in Q3 2025, achieving record freight operations, improving efficiency, and progressing toward its strategic merger with Norfolk Southern.

• Revenue reached $6.244 billion, up 3% from the prior year.
• Net income was $1.788 billion with EPS of $3.01.

Intel posted solid Q3 2025 results, turning a significant profit on $13.7 billion in revenue, boosted by government funding, strategic investments from NVIDIA and SoftBank, and growing demand in client computing.

• Returned to profitability with $4.1 billion in net income after a $16.6 billion loss a year ago.
• Secured $5.7 billion in U.S. government funding and $7 billion in equity investments from NVIDIA and SoftBank.

Newmont delivered a solid quarter with $5.52B in revenue, driven by high gold prices and strong operational performance. The company generated record free cash flow and improved its 2025 cost and capital guidance.

• Reported net income of $1.8B and adjusted net income of $1.9B.
• Achieved a record $1.6B in free cash flow for the quarter.

Norfolk Southern delivered $3.1 billion in revenue for Q3 2025, maintaining strong operational income and raising its productivity target amid a dynamic freight environment.

• Revenue reached $3.1B, a 2% increase YoY despite flat volumes.
• Adjusted EPS was $3.30, slightly above prior year adjusted levels.

The company delivered $1.6B in revenue and $58M in net income. Adjusted EPS reached a record $1.89, supported by solid leasing activity and strong enterprise demand.

• Core FFO per share hit a record high of $1.89 in Q3 2025.
• Revenue grew to $1.6 billion, supported by strong leasing and interconnection demand.

CBRE Group, Inc. delivered excellent results in Q3 2025, with GAAP EPS up 66% to $1.21 and Core EPS up 34% to $1.61. Revenue increased 14% to $10.3 billion, driven by strong growth in both Resilient and Transactional Businesses. GAAP net income rose 61% to $363 million, and Core EBITDA increased 19% to $821 million. The company also generated strong free cash flow of $779 million for the quarter.

• GAAP EPS increased by 66% to $1.21, and Core EPS rose by 34% to $1.61, significantly exceeding prior year figures.
• Total revenue grew by 14% to $10.3 billion, with both Resilient and Transactional Businesses contributing to the strong performance.

Valero delivered robust earnings in Q3 2025 with strong performance in its Refining and Ethanol segments. Renewable Diesel faced headwinds, but overall profitability and cash generation remained strong.

• EPS rose to $3.53 and adjusted EPS reached $3.66.
• Net income attributable to stockholders was $1.1 billion.

Ford posted $50.5B in revenue and $2.4B in net income for Q3 2025, driven by strong vehicle sales and cost efficiencies despite tariff impacts.

• Total revenue reached $50.5B in Q3 2025.
• Net income rose to $2.4B, up from $892M a year ago.

Baker Hughes delivered solid third-quarter 2025 results with revenue of $7.0 billion and adjusted EPS of $0.68. Orders rose 23% year-over-year to $8.2 billion, driven by record Industrial & Energy Technology demand. Despite a 20% decline in net income due to acquisition costs and margin pressure in oilfield services, adjusted EBITDA increased 2% year-over-year to $1.24 billion. Cash flow from operations and free cash flow remained strong at $929 million and $699 million, respectively.

• Revenue of $7.0 billion, up 1% year-over-year.
• Net income of $609 million, with adjusted net income of $678 million.

PG&E Corporation delivered solid financial results in the third quarter of 2025, with significant increases in both GAAP and non-GAAP core earnings compared to the previous year. The company's operational focus on safety and affordable, resilient energy continued, with residential electric rates decreasing in 2025 and further reductions expected in 2026. The strong performance was primarily driven by increased customer capital investment and net O&M savings.

• GAAP income available for common shareholders increased to $847 million, up from $576 million in Q3 2024.
• Non-GAAP core earnings rose to $1,142 million, compared to $791 million in the same period last year.

Tractor Supply Company delivered a strong third quarter in 2025, with net sales increasing by 7.2% to $3.72 billion and diluted EPS growing by 8.6% to $0.49. The company's performance was bolstered by comparable store sales growth of 3.9%, driven by increased transaction counts and average ticket growth. Gross profit also saw a healthy increase, and the company returned $197.3 million to shareholders through share repurchases and dividends.

• Net sales increased by 7.2% to $3.72 billion, up from $3.47 billion in the prior year's third quarter.
• Comparable store sales grew by 3.9%, a significant improvement from a 0.2% decrease in the same period last year.

STMicroelectronics delivered Q3 2025 results with revenue slightly above guidance mid-point, EPS of $0.26, and a sequential improvement in operating performance. However, profitability was impacted by weaker gross margin from product mix and lower efficiency.

• Net revenues reached $3.19 billion, slightly above guidance mid-point.
• Gross margin declined to 33.2% due to product mix and lower efficiencies.

First Citizens BancShares posted $568 million in net income for Q3 2025, down from the previous quarter. Revenue and adjusted EPS showed modest growth, while net interest income rose slightly. Deposit and loan growth were driven primarily by the SVB Commercial segment.

• Net income was $568 million, down $7 million from Q2 2025.
• Adjusted EPS rose to $44.62 per share.

Verisign delivered strong performance with higher revenue and net income, supported by growth in domain registrations and robust operational cash flow.

• Revenue reached $419,100,000 in Q3 2025
• Net income rose to $212,800,000 with EPS of $2.27

Dover delivered strong Q3 2025 results, with a 5% increase in revenue and 15% growth in adjusted earnings from continuing operations. Despite macroeconomic uncertainty, order momentum and segment margin improvements supported an increase in full-year guidance.

• Revenue grew to $2.08 billion, up 5% from Q3 2024.
• Adjusted EPS rose 15% YoY to $2.62.

CenterPoint Energy posted Q3 2025 revenue of $2.12 billion and net income of $293 million, or $0.45 per diluted share on a GAAP basis. Non-GAAP EPS was $0.50, marking over 60% growth from the same quarter last year. Results were driven by regulatory recovery, lower O&M expenses, and increased throughput, particularly in Houston Electric’s industrial demand, which rose 17% year over year.

• Q3 2025 revenue reached $2.12 billion, reflecting steady demand and rate recovery.
• Net income totaled $293 million, compared to $193 million in Q3 2024.

Nokia's Q3 2025 results showed 12% reported revenue growth and 9% constant currency growth, with Optical Networks leading at 19%. While revenues increased, gross and operating margins declined due to unfavorable product mix in Mobile and Network Infrastructure.

• Revenue grew 12% YoY, reaching €4.83B, with all business segments contributing.
• Optical Networks led growth with a 19% increase, mainly from AI & Cloud customers.

Dow’s Q3 2025 results reflected an 8% year-over-year revenue decline to $9.97 billion and GAAP net income of $124 million. The company achieved sequential improvement in earnings and cash flow driven by cost control and reduced maintenance activity, despite lower prices and continued industry pressure.

• Net sales were $9.97 billion, down 8% year-over-year and 1% sequentially.
• GAAP EPS was $0.08, while operating EPS was a loss of $0.19.

SS&C Technologies achieved record adjusted revenue of $1.57 billion, a 7% year-over-year increase, alongside a 17.2% rise in adjusted diluted EPS to $1.57. Operating margins improved both on a GAAP and adjusted basis, and the company maintained a robust financial position with $388.3 million in cash and a total of $19.49 billion in assets.

• GAAP revenue reached $1.568 billion, up 7.0% year-over-year.
• GAAP diluted EPS increased to $0.83, up 27.7% from the prior year.

Comfort Systems USA achieved outstanding third-quarter 2025 results with revenue of $2.45 billion, up 35% year-over-year, and net income of $291.6 million, or $8.25 per diluted share. The company delivered record operating cash flow exceeding $550 million, supported by robust project execution and favorable developments across late-stage projects. Backlog reached an all-time high of $9.38 billion, reflecting continued strong demand for mechanical and electrical contracting services.

• Revenue increased to $2.45 billion, up from $1.81 billion in Q3 2024.
• Net income doubled to $291.6 million, or $8.25 per diluted share.

Rogers Communications delivered industry-leading mobile and Internet net additions and healthy revenue growth in Q3 2025. Wireless and Cable maintained strong margins, while Media revenue surged 26% year over year due to the inclusion of MLSE and strong Blue Jays performance. The company also recorded a substantial non-cash gain from the revaluation of its MLSE investment, contributing to a sharp rise in net income.

• Total revenue grew 4% year over year to $5.35 billion.
• Wireless service revenue reached $2.1 billion, supported by 111,000 total mobile phone net additions.

TransUnion achieved 8% revenue growth and 11% organic constant currency growth, driven by strong performance in U.S. Financial Services and Emerging Verticals. Net income rose to $97 million, and Adjusted EBITDA reached $425 million with a margin of 36.3%. The company raised its 2025 full-year guidance, expecting continued momentum into Q4.

• Revenue reached $1.17 billion, up 8% year over year.
• Net income grew to $97 million, with diluted EPS of $0.49.

Deckers Brands delivered a solid Q2 FY26 performance with 9% revenue growth and higher earnings, fueled by international sales momentum and strength in its core footwear brands.

• Revenue increased to $1.43 billion, up from $1.31 billion in the prior year.
• EPS rose to $1.82 from $1.59 in Q2 FY25.

West Pharmaceutical Services reported strong Q3 2025 results with 5.0% organic sales growth and improved adjusted EPS. High-Value Product Components saw double-digit growth, and the company raised its full-year guidance on both revenue and EPS.

• Q3 revenue reached $804,600,000, up 7.7% YoY.
• Adjusted EPS rose to $1.96 from $1.85 YoY.

TechnipFMC delivered a strong third quarter with revenue growth of 12.7% year over year and continued operational momentum in Subsea. Adjusted EBITDA rose significantly, while net income and adjusted earnings per share both improved, reflecting strong execution and disciplined cost control. Free cash flow generation remained robust, and the company expanded its share repurchase authorization, underscoring confidence in its long-term outlook.

• Total company revenue reached $2.65 billion, up 12.7% year over year.
• Adjusted EBITDA was $518.9 million with a 19.6% margin.

Healthpeak Properties posted a net loss for Q3 2025 due to non-cash impairment charges but maintained stable core operating performance. Same-store NOI grew modestly, supported by strong outpatient medical performance and continued recovery in senior housing. The balance sheet remained healthy with solid liquidity and moderate leverage.

• Reported net loss of $117.26 million, or $(0.17) per share.
• FFO as Adjusted per share was $0.46, and AFFO per share was $0.42.

Allegion reported a robust Q3 2025, highlighted by 10.7% reported revenue growth and strong performance in the Americas segment. Adjusted EPS rose 6.5% to $2.30, and operating income increased by 8.7%. The company also raised its full-year 2025 revenue and EPS guidance, supported by continued execution and favorable pricing and volume trends.

• Revenue increased 10.7% year-over-year to $1,070.2 million.
• Adjusted EPS rose 6.5% to $2.30, with GAAP EPS of $2.18.

Mobileye generated $504 million in revenue for Q3 2025, a 4% increase year-over-year. Despite posting a net loss of $96 million, the company improved significantly compared to the same quarter last year and continues progressing toward key product launches and ADAS program wins.

• Revenue grew 4% year-over-year to $504 million
• Net loss narrowed sharply to $96 million, down from $2.7 billion a year ago

Carpenter Technology Corporation announced strong financial results for the fiscal first quarter ended September 30, 2025, with record operating income of $153.3 million and earnings per diluted share of $2.43. The Specialty Alloys Operations segment exceeded expectations with a 27 percent year-over-year increase in operating income and a fifteenth consecutive quarterly margin increase.

• Delivered record quarterly operating income of $153.3 million, a 31 percent increase year-over-year.
• Realized earnings per diluted share of $2.43 for the quarter.

Pool Corporation reported Q3 2025 results showing a 1% increase in net sales to $1.45 billion and a 4% increase in diluted EPS to $3.40. Gross margin expanded by 50 basis points to 29.6%, while net income rose slightly to $127 million. The company confirmed its full-year EPS guidance range of $10.81–$11.31 and added four new sales centers during the quarter, expanding its distribution footprint to 454 locations worldwide.

• Net sales increased 1% year-over-year to $1.45 billion.
• Gross margin expanded to 29.6%, up 50 basis points from Q3 2024.

Kinsale Capital Group delivered record third-quarter results driven by higher underwriting income, improved combined ratio, and strong investment returns. Net income and operating earnings per share increased over 24% year-over-year, supported by disciplined underwriting and favorable loss reserve development.

• Net income reached $141.6 million, up from $114.2 million in Q3 2024.
• Diluted EPS rose 24.3% to $6.09, while operating EPS increased 24.0% to $5.21.

Hasbro saw 8% revenue growth this quarter driven by record-breaking MAGIC: THE GATHERING sales. Strong gains in its Wizards and Digital Gaming segment helped offset softness in Consumer Products.

• Revenue grew to $1.39B, led by MAGIC: THE GATHERING up 55%.
• Adjusted EPS came in at $1.68 and GAAP EPS at $1.64.

Old Republic International Corporation reported a net income of $279.5 million for the third quarter of 2025, a decrease from the previous year. However, net income excluding investment gains (net operating income) increased by 7.7% to $196.7 million, and consolidated net premiums and fees earned rose by 8.1% to $2.1 billion. The company also saw an increase in net investment income and book value per share.

• Net income for the third quarter of 2025 was $279.5 million, down from $338.9 million in the prior year.
• Net operating income (excluding investment gains) increased by 7.7% to $196.7 million, with diluted EPS of $0.78.

EastGroup Properties delivered strong Q3 2025 results, reporting net income of $66.9 million ($1.26 per share) and funds from operations (FFO) of $121.1 million ($2.27 per share), representing a 6.6% year-over-year increase. The company maintained high occupancy levels and achieved significant rent increases on new and renewal leases, reflecting continued demand across its high-growth industrial markets.

• Net income attributable to common stockholders was $66.9 million ($1.26 per diluted share), up from $55.2 million ($1.13 per share) in Q3 2024.
• Funds from operations (FFO) rose 6.6% year-over-year to $2.27 per diluted share.

Despite achieving a record $13.7B in revenue, American Airlines reported a net loss of $114M in Q3 2025. The company highlighted strong demand and loyalty program engagement but continues to face margin pressure from operating costs and fuel.

• Posted record Q3 revenue of $13.7B, up 0.3% YoY
• Reported net loss of $114M and EPS of -$0.17

Nextracker delivered robust Q2 FY26 financials, posting a 42% YoY revenue increase and strong net income, driven by record bookings and a growing global footprint.

• Revenue reached $905 million, up from $636 million a year ago.
• Adjusted EPS came in at $1.19, exceeding GAAP EPS of $0.97.

Popular Inc. posted a net income of $211.3 million for Q3 2025, with EPS of $3.15 and continued net interest margin expansion to 3.51%. The company maintained stable deposit balances, achieved solid loan growth, and strengthened its capital position with a CET1 ratio of 15.79%.

• Net income reached $211.3 million, slightly above Q2 2025’s $210.4 million.
• Earnings per share were $3.15 compared to $3.09 in the prior quarter.

AutoNation delivered a strong third quarter in 2025, with total revenue increasing by 7% to $7.0 billion. Diluted EPS rose by 23% to $5.65, and Adjusted EPS increased by 25% to $5.01. The company saw robust growth in After-Sales and Customer Financial Services gross profit, alongside strong cash flow and strategic capital deployment.

• Total revenue for Q3 2025 increased by 7% to $7.0 billion, driven by growth across all major categories.
• Diluted EPS for Q3 2025 was $5.65, a 23% increase from the prior year, while Adjusted Diluted EPS grew 25% to $5.01.

Mohawk Industries delivered Q3 2025 revenue of $2.76 billion, a 1.4% increase year-over-year. GAAP EPS was $1.75, and adjusted EPS was $2.67. Net income totaled $108.8 million, with operating income of $136.7 million. The company generated $310.3 million in free cash flow and maintained a solid balance sheet with $516.2 million in cash and total assets of $13.62 billion.

• Net sales increased 1.4% year-over-year to $2.76 billion.
• GAAP EPS was $1.75, while adjusted EPS reached $2.67.

Ryder delivered its fourth consecutive quarter of earnings-per-share growth in Q3 2025, with GAAP EPS up 2% and comparable EPS up 4% year-over-year. Total revenue remained consistent with the prior year at $3.2 billion, while operating revenue increased by 1%, driven by contractual growth in Supply Chain Solutions and Fleet Management Solutions. The company's resilient contractual businesses and strategic initiatives helped offset the impact of weaker freight market conditions.

• GAAP EPS from continuing operations increased by 2% to $3.33.
• Comparable EPS (non-GAAP) from continuing operations rose by 4% to $3.57.

Sallie Mae (SLM) posted a strong Q3 2025 with GAAP net income of $132 million and diluted EPS of $0.63. Net interest margin improved to 5.18%, and private education loan originations grew to $2.9 billion, supported by disciplined expense management and credit performance improvements.

• GAAP net income of $132 million, up significantly year-over-year.
• Net interest margin expanded to 5.18%, reflecting improved funding efficiency.

Boyd Gaming delivered Q3 2025 revenue of $1.0 billion, up from $961.2 million a year earlier. Net income surged to $1.44 billion due to a $1.4 billion gain from the sale of its FanDuel stake, while adjusted earnings remained stable at $139.1 million. Adjusted EBITDAR reached $321.8 million, reflecting solid property performance across all operating segments and continued operational efficiency.

• Revenue increased to $1.0 billion, up 4.5% year-over-year.
• Net income rose sharply to $1.44 billion, benefiting from the FanDuel stake sale.

Alaska Air delivered a profitable Q3 2025, supported by strong unit revenue, loyalty program growth, and improved cargo and premium revenues. Adjusted EPS came in at $1.05, while unit costs rose due to weather and an IT outage.

• Achieved record quarterly revenue of $3.766 billion
• Adjusted EPS was $1.05, driven by strong RASM and loyalty gains

For Q3 2025, Darling Ingredients reported net income of $19.4 million and EPS of $0.12, driven by continued strength in Feed and Food Ingredients, offset by losses in the Fuel segment. Total revenue reached $1.56 billion, with Combined Adjusted EBITDA of $244.9 million and capital expenditures totaling $90.1 million. DGD sold 250 million gallons of renewable fuel during the quarter, generating a negative $0.02 EBITDA per gallon to Darling.

• Revenue grew 10% year-over-year to $1.56 billion, reflecting strong performance in Feed and Food Ingredients segments.
• Net income increased to $19.4 million, or $0.12 per diluted share, from $16.9 million in Q3 2024.

FTI Consulting achieved record Q3 2025 results with revenues of $956.2 million, up 3.3% year-over-year, and EPS of $2.60, up 41%. Net income rose to $82.8 million, and operating income reached $117.7 million. Growth was led by strong performances in Corporate Finance & Restructuring and Forensic and Litigation Consulting, partially offset by declines in Economic Consulting and Technology segments. The company raised its full-year 2025 guidance for both revenue and EPS.

• Record quarterly revenues of $956.2 million, up 3.3% year-over-year.
• Earnings per diluted share increased 41% to $2.60.

Valley National Bancorp delivered strong third-quarter 2025 results, with net income reaching $163.4 million and EPS of $0.28, reflecting higher net interest income, margin expansion, and better operating efficiency. The bank’s profitability improved with an ROA of 1.04% and ROE of 8.58%, while credit quality and capital ratios remained robust.

• Net income increased to $163.4 million, up from $97.9 million a year ago.
• Diluted EPS rose to $0.28, matching adjusted EPS, signaling stable underlying profitability.

First Financial Bankshares, Inc. reported a net income of $52.27 million for the third quarter of 2025, a decrease from $55.31 million in the same quarter last year. Diluted EPS was $0.36, down from $0.39 year-over-year. The quarter was significantly impacted by a $21.55 million credit loss from fraudulent activity, though core earnings trends remained positive.

• Net income for Q3 2025 was $52.27 million, down from $55.31 million in Q3 2024.
• Diluted earnings per share decreased to $0.36 in Q3 2025 from $0.39 in Q3 2024.

Lazard delivered record adjusted net revenue of $725 million in Q3 2025, up 12% year-over-year. Financial Advisory and Asset Management segments both posted double-digit revenue growth, supported by solid client activity and net inflows. Net income reached $71 million on a GAAP basis, while adjusted net income rose 56% to $62 million. The firm maintained a strong balance sheet with $1.17 billion in cash and cash equivalents and total assets of $4.63 billion.

• Adjusted net revenue increased 12% year-over-year to $725 million.
• Financial Advisory segment revenue rose 14% year-over-year to $422 million.

MSC Industrial Supply saw a 2.7% increase in sales and a return to earnings growth in Q4, supported by its Mission Critical strategy and improved performance in its Core Customer segment.

• Revenue grew 2.7% YoY to $978.2M
• EPS increased to $1.01, with adjusted EPS at $1.09

Atlantic Union Bankshares Corporation delivered a solid third quarter in 2025, reporting net income of $92.14 million and diluted EPS of $0.63. The company's adjusted operating earnings available to common shareholders reached $119.7 million, with adjusted diluted operating EPS of $0.84. Total assets stood at $37.07 billion, reflecting a slight decrease from the prior quarter but a significant increase year-over-year due to the Sandy Spring acquisition.

• Net income available to common shareholders was $89.173 million, with diluted EPS of $0.63.
• Adjusted diluted operating earnings per common share reached $0.84, demonstrating strong operational performance.

Phillips Edison & Company reported strong third-quarter 2025 results with net income of $24.7 million, Core FFO of $90.6 million, and record-high rent spreads. The company maintained high occupancy across its portfolio and raised its full-year 2025 earnings guidance, citing continued demand for grocery-anchored neighborhood shopping centers.

• Net income increased to $24.7 million, or $0.20 per share, up from $11.6 million a year earlier.
• Core FFO rose 7.3% year-over-year to $90.6 million, or $0.65 per diluted share.

Associated Banc-Corp delivered a strong third quarter in 2025, reporting net income available to common equity of $122 million, or $0.73 per common share. The company achieved record net interest income of $305 million, alongside robust growth in both loans and deposits, reflecting positive outcomes from strategic investments.

• Diluted earnings per common share reached $0.73, a 30% increase compared to the same period last year.
• Net interest income hit a record $305 million, up 16% from the third quarter of 2024.

Brunswick reported Q3 2025 net sales of $1.36 billion, up 6.8% year-over-year, driven by strength across propulsion, parts and accessories, Navico, and boat segments. GAAP EPS was -$3.57, primarily due to impairment charges, while adjusted EPS was $0.97. Operating income on an adjusted basis was $106.4 million. The company generated $111 million in quarterly free cash flow, bringing year-to-date total to $355 million, and reaffirmed full-year guidance for adjusted EPS of $3.25 and free cash flow above $425 million.

• Net sales increased 6.8% year-over-year to $1.36 billion.
• Adjusted EPS came in at $0.97, down 17% year-over-year.

Integer Holdings Corporation delivered another strong quarter, with sales increasing 8% to $468 million, adjusted operating income up 14%, and adjusted EPS growing by 25%. The company's Cardio & Vascular segment saw significant growth, while the Other Markets segment experienced a planned decline. Total debt increased to $1.194 billion, primarily due to acquisitions.

• Sales increased 8% to $468 million in Q3 2025, with organic growth of 7% compared to Q3 2024.
• Non-GAAP adjusted EPS rose by 25% to $1.79, and non-GAAP adjusted net income increased by 27% to $63 million.

Iridium Communications delivered solid Q3 2025 results driven by strong operational performance across commercial and government segments. The company achieved higher service revenue, expanded Operational EBITDA, and increased net income while maintaining strong cash flow and investing in long-term initiatives.

• Total revenue rose 7% year-over-year to $226.9 million, driven by higher commercial and engineering revenues.
• Net income increased to $37.1 million, or $0.35 per diluted share, compared to $24.4 million last year.

First BanCorp delivered an exceptional financial performance in the third quarter of 2025, with net income increasing to $100.5 million, or $0.63 per diluted share, compared to $80.2 million, or $0.50 per diluted share, in the previous quarter. This growth was primarily fueled by record net interest income, robust loan growth, and stable asset quality. The company also saw significant capital generation, enabling share repurchases and dividend payments.

• Net income for Q3 2025 increased to $100.5 million, or $0.63 per diluted share, up from $80.2 million in Q2 2025.
• Total loans grew by $181.4 million to $13.1 billion, marking the first time the loan portfolio surpassed $13 billion since 2010.

Eastern Bankshares, Inc. posted solid loan and deposit growth during Q3 2025, but profitability weakened as the net interest margin narrowed and operating expenses increased. The company maintained a strong capital position and liquidity profile.

• Net income totaled $55.5 million for the quarter.
• Net interest margin decreased to 2.88%.

WSFS Financial Corporation posted solid third quarter 2025 results driven by robust net interest income of $184.02 million, fee revenue strength in Wealth and Trust segments, and improved credit quality metrics. EPS rose to $1.37 with a net interest margin of 3.91% and ROA of 1.44%. Core EPS was $1.40, reflecting continued efficiency and profitability.

• EPS of $1.37, up 27% year-over-year; core EPS of $1.40.
• Net interest income rose to $184.02 million, supported by deposit growth and lower funding costs.

Simply Good Foods reported Q4 FY25 results showing a net loss primarily due to a $60.9 million non-cash impairment on the Atkins brand. Revenue declined slightly due to an extra week in the prior-year period, though Quest and OWYN brands posted strong growth. Adjusted EPS came in at $0.46, and Adjusted EBITDA was $66.2 million, reflecting lower margins from higher input costs.

• Net sales were $369.0 million, down 1.8% year over year due to the extra week in Q4 FY24.
• Gross profit declined 13.3% to $126.6 million with a 450 bps margin decrease to 34.3%.

Tri Pointe Homes experienced a challenging third quarter in 2025, with net income available to common stockholders falling by nearly 50% to $56.1 million and home sales revenue decreasing by 26.6% to $817.3 million. New home deliveries were down by 24.8%, and net new home orders declined by 20.5%, reflecting continued softness in housing demand. Despite these headwinds, the company maintained a strong liquidity position of $1.6 billion and an adjusted homebuilding gross margin of 21.6%.

• Net income available to common stockholders decreased by 49.8% to $56.1 million, or $0.64 per diluted share, compared to $111.8 million, or $1.18 per diluted share, in Q3 2024.
• Home sales revenue declined by 26.6% to $817.3 million from $1.1 billion in the prior year's quarter.

Visteon Corporation reported third-quarter net sales of $917 million, a 6% year-over-year decline, primarily due to reduced Battery Management Systems sales in the U.S. and a sales decline in China, alongside unplanned downtime at JLR. Despite these challenges, the company achieved a net income of $57 million and adjusted EBITDA of $119 million, demonstrating strong operational execution and cost performance. Visteon also secured $1.8 billion in new business wins and launched 28 new products during the quarter.

• Net sales for the third quarter were $917 million, a 6% decrease year-over-year, mainly due to reduced Battery Management Systems sales in the U.S., a sales decline in China, and JLR downtime.
• Net income attributable to Visteon was $57 million, or $2.04 per diluted share, while adjusted EBITDA reached $119 million, indicating strong operational performance.

Enova reported a 16% year-over-year increase in total revenue and strong profitability gains for Q3 2025. The company achieved record originations and continued solid credit performance, with adjusted EPS up 37% and net charge-offs stable. Liquidity remained robust at $1.2 billion.

• Total revenue rose 16% year-over-year to $803 million.
• Adjusted EPS increased 37% to $3.36, while diluted EPS grew 93% to $3.03.

McGrath RentCorp reported total revenue of $256.4 million for Q3 2025, down 4% year-over-year due to lower sales revenue, but with rental operations growing 4% to $178.1 million. Net income was $42.3 million, or $1.72 per diluted share, and Adjusted EBITDA was $96.5 million. All three major segments—Mobile Modular, Portable Storage, and TRS-RenTelco—posted rental growth.

• Total revenue decreased 4% to $256.4 million due to lower sales activity.
• Rental operations revenue rose 4% to $178.1 million, showing strength across segments.

Sonic Automotive achieved all-time record quarterly total revenues of $4.0 billion and gross profit of $615.5 million in the third quarter of 2025, representing year-over-year increases of 14% and 13% respectively. However, reported net income decreased by 37% to $46.8 million, and reported EPS fell by 38% to $1.33, primarily due to increased medical expenses and a higher effective income tax rate. Adjusted net income and adjusted EPS, excluding certain items, showed growth of 13% and 12% respectively.

• Sonic Automotive reported all-time record quarterly total revenues of $4.0 billion, a 14% increase year-over-year.
• All-time record quarterly total gross profit reached $615.5 million, up 13% compared to the prior year.

Western Union’s third-quarter 2025 results showed stable overall revenue at $1.03 billion, driven by significant expansion in Consumer Services and Branded Digital segments, offsetting a slowdown in North America retail. Adjusted EPS improved slightly year-over-year, supported by improved cost efficiencies and higher operating margin.

• Total revenue was $1.03 billion, flat compared to Q3 2024.
• GAAP EPS was $0.43, and adjusted EPS rose to $0.47.

First Financial Bancorp delivered a strong third quarter, achieving record total revenue of $234 million and record noninterest income of $73.5 million. The company maintained a robust net interest margin and stable asset quality while growing tangible book value and capital ratios. Net income rose to $71.9 million, with adjusted EPS at $0.76.

• Record total revenue of $234 million driven by diversified income streams.
• Adjusted EPS of $0.76 and return on average assets of 1.54%.

Garrett Motion delivered strong third-quarter results with net sales up 9% year over year to $902 million and net income rising to $77 million. The company expanded its adjusted EBIT margin to 14.7% and adjusted EBITDA margin to 18.2%, supported by cost efficiencies and productivity gains. Free cash flow reached $107 million, enabling debt repayment and a dividend increase. Garrett also raised its full-year 2025 outlook.

• Net sales increased 9% to $902 million, with 6% constant-currency growth.
• Net income rose to $77 million, representing an 8.5% margin.

Boston Beer Company experienced a challenging third quarter with declines in depletions and shipments, leading to an 11.2% decrease in net revenue. Despite these volume pressures, the company achieved a significant increase in gross margin due to procurement savings and improved brewery efficiencies. Net income increased, primarily due to a favorable comparison against a prior year brand impairment charge, though it declined when excluding this impact. The company remains optimistic about its Sun Cruiser brand and Angry Orchard's growth, continuing to invest in advertising and innovation.

• Depletions decreased by 3% and shipments decreased by 13.7% in the third quarter.
• Net revenue for the quarter was $537.5 million, an 11.2% decrease from the prior year.

Ardagh Metal Packaging delivered revenue of $1.43 billion in Q3 2025, a 9% increase year over year. Profit for the period rose to $27 million, while Adjusted EBITDA reached $208 million, up 6%. Adjusted EPS remained stable at $0.08. Both Europe and the Americas contributed to growth, supported by favorable mix and cost efficiencies. The company maintained its dividend and raised its full-year adjusted EBITDA guidance to $720–$735 million.

• Revenue increased 9% year over year to $1.43 billion.
• Profit for the period rose to $27 million, with EPS at $0.04.

Customers Bancorp delivered strong Q3 2025 results, reporting higher net income and EPS, improved efficiency ratio, and increased net interest margin. The bank also raised $163 million in equity, boosting its capital position.

• Net income rose to $73.7 million, with EPS of $2.20.
• Net interest income increased to $201.9 million due to higher average loan balances and deposit mix improvements.

Minerals Technologies delivered its highest Q3 EPS on record, supported by strong operating performance and improved margins in both business segments.

• EPS reached $1.37, or $1.55 excluding special items — a third quarter record
• Net sales rose to $532.4 million, a 1% increase year-over-year

Knowles delivered strong performance in Q3 2025 with revenue growth, margin expansion, and robust free cash flow, driven by operational execution and strategic focus on core segments.

• Revenue rose 7% YoY to $152.9 million
• GAAP EPS was $0.21, while non-GAAP EPS reached $0.33

1st Source Corporation achieved record net income of $42.30 million for the third quarter of 2025, a 21.06% increase from the prior year, and diluted net income per common share of $1.71, up 21.28%. The company experienced solid growth in net interest income and an expanded net interest margin, while also seeing a decrease in nonperforming assets.

• Net income reached a record $42.30 million, increasing 21.06% year-over-year.
• Diluted net income per common share was $1.71, a 21.28% increase compared to the third quarter of 2024.

Coursera delivered a strong third quarter, with total revenue reaching $194.2 million, a 10% increase year-over-year. This growth was primarily fueled by a 13% year-over-year increase in the Consumer segment revenue. The company also reported a non-GAAP net income of $16.7 million and a free cash flow of $26.6 million, demonstrating solid operational performance. Coursera raised its full-year 2025 revenue outlook to a range of $750 million to $754 million.

• Third quarter revenue reached $194.2 million, marking a 10% increase compared to the same period last year.
• The Consumer segment was a primary growth driver, with its revenue increasing by 13% year-over-year to $130.3 million.

MaxLinear delivered a strong third quarter, with net revenue reaching $126.5 million, marking a 56% increase year-over-year. The company achieved positive non-GAAP diluted earnings per share of $0.14 and generated positive net cash flow from operating activities of $10.1 million, exceeding its revenue guidance.

• Net revenue for Q3 2025 was $126.5 million, a 56% increase compared to the same quarter last year.
• GAAP diluted loss per share was $0.52, while non-GAAP diluted earnings per share was $0.14.

Expro Group Holdings N.V. delivered solid third-quarter results, with revenue of $411 million and a net income of $14 million. The company demonstrated strong operational excellence, achieving an Adjusted EBITDA of $94 million and an Adjusted EBITDA margin of 22.8%. Free cash flow was robust at $39 million, with Adjusted free cash flow reaching $46 million, representing an 11% margin. Expro also returned $25 million to shareholders through share repurchases and increased its full-year guidance for Adjusted EBITDA and Adjusted Free Cash Flow, reflecting confidence in its business resilience despite a softer market.

• Revenue for the third quarter of 2025 was $411 million, with a net income of $14 million and a net income margin of 3%.
• Adjusted EBITDA reached $94 million, with an Adjusted EBITDA margin of 22.8%, ranking among the top in its peer group.

Marten Transport faced a challenging third quarter in 2025, with revenue and net income down year-over-year, impacted by a soft freight market, inflationary costs, and network inefficiencies.

• Net income was $2.2 million in Q3 2025, down from $3.8 million in Q3 2024.
• Operating revenue declined to $220.5 million from $237.4 million a year ago.

Heritage Financial Corporation announced a robust third quarter for 2025, with net income rising to $19.2 million, or $0.55 per diluted share, a substantial increase from the previous quarter and the same period last year. The company experienced margin expansion due to higher loan yields and lower deposit costs, leading to a 4.3% increase in net interest income quarter-over-quarter. Total deposits grew by 1.3%, and the company successfully reduced borrowings by 64% year-to-date.

• Net income for Q3 2025 was $19.2 million, a significant increase from $12.2 million in Q2 2025 and $11.4 million in Q3 2024.
• Diluted earnings per share rose to $0.55, up from $0.36 in the previous quarter and $0.33 in the prior year's third quarter.

Metropolitan Bank Holding Corp. reported a significant decrease in net income and diluted EPS for Q3 2025 compared to both the prior linked quarter and the prior year, primarily due to a substantial provision for credit losses. Despite this, the company achieved sustained balance sheet expansion, with net interest income and net interest margin showing growth. Total loans and deposits also increased, and the company remains 'well capitalized' under regulatory guidelines.

• Diluted earnings per share for Q3 2025 was $0.67, a decrease from $1.76 in the prior linked quarter and $1.08 in the prior year period, mainly due to a $23.9 million provision for credit losses.
• Net interest income for Q3 2025 increased by 5.0% to $77.3 million compared to the prior linked quarter and by 18.5% compared to the prior year period.

South Plains Financial delivered robust third-quarter results, driven by net interest income expansion and improved credit quality. The company reported a net income of $16.3 million and diluted EPS of $0.96, demonstrating solid earnings growth and a strong financial foundation. The average cost of deposits decreased, and return on average assets improved, highlighting efficient operations and effective asset management.

• Net income for Q3 2025 increased to $16.3 million, up from $14.6 million in Q2 2025 and $11.2 million in Q3 2024.
• Diluted earnings per share rose to $0.96 in Q3 2025, compared to $0.86 in Q2 2025 and $0.66 in Q3 2024.

MidWestOne Financial Group, Inc. delivered a strong third quarter in 2025, with net income reaching $17.0 million and diluted EPS of $0.82. The company achieved a return on average assets of 1.09% and expanded its noninterest income by 19.0% from the prior year, driven by growth in wealth management. Loan growth was annualized at 3.5%, and total deposits increased by 1.7% from the linked quarter, demonstrating solid operational performance and strategic execution.

• Net income for the third quarter of 2025 was $17.0 million, or $0.82 per diluted common share.
• Adjusted earnings reached $18.1 million, or $0.87 per common share, reflecting strong underlying performance.

Shore Bancshares, Inc. reported a net income of $14.3 million for the third quarter of 2025, a decrease from the previous quarter, primarily due to lower noninterest income and a higher provision for loan losses. Despite this, the company achieved meaningful expansion in net interest margin and continued growth in book value per share, with asset quality remaining sound.

• Net income for Q3 2025 was $14.3 million, a 7.5% decrease from Q2 2025, mainly due to reduced mortgage banking activity and a large marine loan write-off.
• Net Interest Margin (NIM) expanded by 7 basis points to 3.42% in Q3 2025, driven by increased net interest income from modest loan growth and lower cost of deposits.

Financial Institutions, Inc. delivered a strong third quarter in 2025, marked by record net interest income and robust noninterest income. The company achieved significant net interest margin expansion and solid loan and deposit growth, contributing to improved profitability and capital ratios. Credit quality metrics remained solid, with a decrease in annualized net charge-offs to average loans compared to the linked quarter.

• Net income available to common shareholders reached $20.1 million, or $0.99 per diluted share, in Q3 2025.
• Net interest margin expanded to 3.65%, a 76 basis point increase from the year-ago quarter, and net interest income hit an all-time quarterly high of $51.8 million.

Kearny Financial Corp. announced a strong first quarter for fiscal year 2026, reporting a net income of $9.5 million, or $0.15 per diluted share. This represents a significant increase from the previous quarter, driven by net interest margin expansion, solid credit quality, and controlled expenses. The company also highlighted strategic initiatives aimed at enhancing operational efficiency and shareholder value.

• Net income for the quarter ended September 30, 2025, was $9.5 million, a 40.4% increase from the previous quarter.
• Diluted EPS rose to $0.15, up 36.4% quarter-over-quarter, reflecting strong profitability growth.

Primis Financial Corp. delivered a strong third quarter in 2025, with net income significantly increasing to $7 million, or $0.28 per diluted share, compared to $1 million, or $0.05 per diluted share, in the same period last year. This improvement was driven by strong momentum across all business lines, particularly in mortgage banking and mortgage warehouse lending, and an improved net interest margin. The company also saw a recovery in credit losses and managed to control core operating expenses.

• Net income available to common shareholders surged to $7 million, or $0.28 per diluted share, in Q3 2025, up from $1 million, or $0.05 per diluted share, in Q3 2024.
• Net interest income increased to $29 million, and the net interest margin improved to 3.18% in Q3 2025, compared to 2.97% in Q3 2024.

Alpine Income Property Trust delivered a strong third quarter in 2025, marked by robust operational results, significant property transactions, and loan investments. The company reported total revenues of $14.563 million, a net loss of $1.310 million, and diluted EPS of -$0.09. Despite the net loss, FFO per diluted share increased to $0.46 and AFFO per diluted share also rose to $0.46. The company successfully recycled properties to manage tenant credit, with investment-grade rated tenants now accounting for 48% of its ABR. Alpine also raised its full-year 2025 FFO and AFFO per share guidance and increased its investment guidance to $200-$230 million.

• Total revenues for Q3 2025 increased to $14.563 million from $13.480 million in Q3 2024.
• The company reported a net loss of $1.310 million, or -$0.09 per diluted share, compared to a net income of $3.080 million, or $0.21 per diluted share, in Q3 2024.