Earnings Call Transcripts
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All Earnings Calls
South Plains Financial Fourth Quarter 2025 Earnings Call - BOH Acquisition to Scale Houston, Accelerate Loan Growth and Add ~11% EPS by 2027
South Plains closed 2025 with solid core performance and a clear growth playbook. Q4 results showed steady NIM at 4.00%, loans of $3.14 billion, deposits of $3.87 billion and tangible book value of $2...
- Announced definitive agreement to acquire BOH Holdings Bank of Houston, with BOH holding ~772 million in assets, ~633 million in loans and ~629 million in deposits as of 9/30/25.
- Management projects the BOH acquisition to be approximately 11% accretive to South Plains earnings in 2027, with tangible book value earned back in under three years.
- Loan growth accelerated late in Q4, loans held for investment rose $91 million to $3.14 billion, and management expects mid to high single-digit loan growth for 2026 driven by hires and the BOH deal.
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Agilysys Q3 Fiscal 2026 Earnings Call - Record revenue, strong subscription growth, Marriott rollout moves to implementation waves
Agilysys reported another quarter of momentum, delivering record Q3 revenue of $80.4 million, its 16th straight record quarter, and lifting full-year revenue guidance to $318 million while keeping adj...
- Total revenue was a Q3 record $80.4 million, up 15.6% year over year, marking the 16th consecutive record revenue quarter.
- Agilysys raised full-year fiscal 2026 top-line guidance to $318 million, while maintaining an adjusted EBITDA target of 20% of revenue.
- Subscription revenue reached a record $34.9 million in Q3, up 23.1% year over year, and management reiterated FY26 subscription growth guidance of 29% YoY.
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Bank of Hawaii Corporation Fourth Quarter 2025 Earnings Call - NIM surges, management sees NIM near 2.90% by end-2026 and credit remains pristine
Bank of Hawaii closed Q4 2025 with a clean, predictable quarter: diluted EPS $1.39, net income $60.9 million, and return on common equity about 15%. The headline is margin momentum. NIM expanded for t...
- Q4 diluted EPS $1.39, net income $60.9 million, ROE improved to roughly 15%.
- Net interest margin expanded for the seventh consecutive quarter, up 15 bps to 2.61% in Q4, December NIM finished at 2.67%.
- Management expects NIM could approach about 2.90% by end of 2026, driven by fixed-asset repricing, deposit remix, and anticipated rate cuts.
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Main Street Bank Shares Inc. Q4 2025 Earnings Call - Margin Resilience, Disciplined Loan Growth, and Accretive Buybacks
Main Street Bank closed 2025 with steady core performance after a 2024 technology transition. Management reported EPS of $1.76, a return on average assets of 0.73%, return on average tangible common e...
- Reported full year 2025 EPS of $1.76, ROAA 0.73%, ROTCE 7.24%, and NIM 3.46%.
- Net interest income grew 11% year over year despite a handful of problem credits tied to two relationships moved to nonaccrual.
- Recorded $600,000 of nonrecurring interest reversals specific to two relationships moved to nonaccrual in the quarter.
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Steel Dynamics Q4 2025 Earnings Call - Aluminum startup hits EBITDA positive in December, targeting 90% run-rate by end-2026
Steel Dynamics closed 2025 with record steel shipments, strong cash generation, and a clear pivot story: its new Aluminum Dynamics mill moved from construction into commercial shipments, turning EBITD...
- Record 2025 steel shipments of 13.7 million tons, highlighting volume strength despite compressed flat-rolled margins.
- Adjusted EBITDA for 2025 was approximately $2.2 billion, with cash from operations of $1.4 billion and net income of $1.2 billion, or $7.99 per diluted share.
- Q4 2025 net income was $266 million, or $1.82 per diluted share, with Q4 revenue of $4.4 billion and operating income of $310 million.
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Bank of Marin Bancorp Q4 2025 Earnings Call - Repositioning Cost Drives Q4 Loss but Accelerates Margin and NII
Bank of Marin executed a deliberate balance sheet repositioning in Q4 that produced a $69 million realized securities loss and a GAAP net loss of $39.5 million, or $2.49 per share. Management says the...
- Bank of Marin recorded a GAAP net loss of $39.5 million in Q4 2025, or $2.49 per share, driven by a $69 million realized loss on securities following a balance sheet repositioning.
- On a non-GAAP basis, excluding the securities loss, Q4 net income was $9.4 million, or $0.59 per share, and pre-tax, pre-provision income rose 31% quarter over quarter and 51% year over year.
- Management expects the repositioning to deliver roughly $0.40 of EPS accretion and about 25 basis points of NIM lift on a 12-month basis from the execution date.
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Dynex Capital Q4 2025 Earnings Call - GSE Retained Portfolios Reboot Tightens MBS Spreads and Reprices Risk
Dynex closed 2025 with a sharp performance beat and a strategic pivot from a one-off generational opportunity to a more “normalized” mortgage market backed by explicit policy support. The company repo...
- Dynex reported total economic return of 10.2% in Q4 2025, and 21.7% for the full year 2025, its highest TER this decade.
- Q4 results included $0.51 of common dividends and a $0.78 increase in book value per share; full-year book value rose $0.75 and common dividends declared were $2.00 for 2025.
- Management highlights a structural shift: the Trump administration’s announcement to grow GSE retained portfolios by $200 billion is a material technical tailwind that tightens MBS spreads and reduces the probability of large spread widening.
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Baker Hughes Q4 2025 Earnings Call - IET Power Systems Drive Record Orders and Margins, Chart Acquisition in Focus
Baker Hughes closed 2025 with a clean, loud message. Industrial and Energy Technology delivered a breakout year: record orders, record backlog, and step-change margins. That strength produced industry...
- Company delivered Q4 adjusted EBITDA of $1.34 billion and a record full-year adjusted EBITDA of $4.83 billion, with Q4 adjusted EPS of $0.78 and full-year adjusted EPS of $2.60, up 10% year-over-year.
- Adjusted EBITDA margin reached a record 18.1% in Q4, up 30 basis points year-over-year; full-year company-adjusted EBITDA margin climbed to 17.4%, up 90 basis points.
- IET was the standout: Q4 orders of $4.0 billion and a record full-year $14.9 billion of orders, ending 2025 with a $32.4 billion backlog and book-to-bill above 1x.
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Rockland Trust Q4 2025 Earnings Call - Enterprise Integration Complete, NIM Rising and Profitability Rebound with Capital Returned
Rockland Trust closed and largely integrated the Enterprise acquisition, retained almost all client-facing staff and deposit relationships, and used the enlarged footprint to drive C&I momentum and de...
- Enterprise acquisition closed and integrated with near-complete retention of client-facing personnel, negligible customer loss in commercial banking, and branch deposit retention exceeding 95% in acquired branches.
- Operating performance improved materially through 2025, with operating EPS up 60% from Q1 to Q4, operating ROAA up 40 basis points, and operating ROTC improving 529 basis points.
- Q4 2025 GAAP net income was $75.3 million, GAAP diluted EPS $1.52; adjusted operating net income was $84.4 million or $1.70 diluted EPS after $12.3 million of merger-related expenses.
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First Western Financial Q4 2025 Earnings Call - Net Interest Margin Expansion Drives Profitability Despite One-Time OREO Hit and AUM Outflows
First Western closed 2025 with momentum. Net interest margin widened to 2.71%, NII rose 21.7% year over year, and the bank produced solid loan and deposit growth while keeping a tight leash on core op...
- Net income was $3.3 million, or $0.34 diluted EPS in Q4 2025, higher than the prior quarter but reduced by a $1.4 million OREO write-down that cost roughly $0.10 per share after tax.
- Net interest margin expanded to 2.71% in Q4, up 17 basis points quarter over quarter, driving a 21.7% year-over-year rise in net interest income.
- Cost of funds fell as the bank reduced deposit rates on money market accounts and ran off high-cost deposits, producing much of the recent NIM lift.
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