RJF · 10-Q · 2026Q2 · Full report

Interest-Only Mortgage Exposure

RAYMOND JAMES FINANCIAL INC · 2026-08-05 · Importance 54 · Surprise 40

Adjustable-rate and other residential mortgage loans with initial interest-only payment periods totaled $3.41 billion at June 30, 2026, up from $3.04 billion at September 30, 2025, a 12% increase. These loans represented approximately 30% of the residential mortgage portfolio at both period ends. Payments may increase materially when the interest-only period ends and principal amortization begins. The weighted-average time before the remaining interest-only loans begin amortizing was approximately five years at June 30, 2026.

Key facts

• The weighted-average number of years before the remainder of the interest-only loans at June 30, 2026 begins amortizing is approximately five years. source
• Loans that were interest-only at June 30, 2026 totaled $3.41 billion. source
• Loans that were interest-only at September 30, 2025 totaled $3.04 billion. source
• Interest-only loans represented approximately 30% of the residential mortgage portfolio at both June 30, 2026 and September 30, 2025. source