RJF · 10-Q · 2026Q2 · Full report
Bank Net Interest Income
RAYMOND JAMES FINANCIAL INC · 2026-08-05 · Importance 69 · Surprise 64 · No source text
Bank segment second-quarter 2026 net revenues increased 7% to $488 million, while pre-tax income increased 67% to $206 million. Net interest income increased $32 million, or 7%, because average interest-earning assets grew, particularly securities-based and residential mortgage loans. The quarterly net interest margin declined modestly to 2.71% from 2.74% a year earlier. For the first nine months, net interest income increased $141 million, or 11%, as the margin improved to 2.78% from 2.67% and assets shifted from available-for-sale securities toward loans.
Key facts
- Banking operations estimated net interest income over a 12-month period under instantaneous rate changes: +200 bps -> $2,119 (8% projected change); +100 bps -> $2,054 (4%); base $1,967 (—%); -100 bps -> $1,845 ((6)%); -200 bps -> $1,724 ((12)%) as presented. source
- Bank segment net revenues for quarter ended June 30, 2026: $488 million increased 7% and pre-tax income $206 million increased 67% source
- Bank segment net interest income increased $32 million, or 7%, in the quarter ended June 30, 2026 versus prior-year quarter source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +1.9% | Bank segment net revenues for quarter ended June 30, 2026: $488 million increased 7% and pre-tax income $206 million increased 67% |
| revenue | negative | contingent | -0.8% | Banking operations estimated net interest income over a 12-month period under instantaneous rate changes: +200 bps -> $2,119 (8% projected… |
| revenue | positive | realized | +0.7% | Bank segment net revenues for quarter ended June 30, 2026: $488 million increased 7% and pre-tax income $206 million increased 67% |
| revenue | positive | contingent | +0.5% | Banking operations estimated net interest income over a 12-month period under instantaneous rate changes: +200 bps -> $2,119 (8% projected… |
| revenue | negative | contingent | -0.4% | Banking operations estimated net interest income over a 12-month period under instantaneous rate changes: +200 bps -> $2,119 (8% projected… |