Earnings Call Transcripts

Access detailed transcripts and key takeaways from company earnings calls

All Earnings Calls

SPFI February 2, 2026

South Plains Financial Q4 2025 Earnings Call - BOH deal to accelerate loans to mid-to-high single-digit growth while NIM faces modest compression risk

South Plains closed 2025 with steady core performance and a strategic, near-term growth lever in the announced acquisition of Bank of Houston. Management delivered solid full-year metrics, including a...

  • Full-year 2025 diluted EPS rose 17.8%, showing meaningful earnings leverage over the year.
  • Net interest margin was 4.00% in Q4 2025, down slightly from 4.05% in Q3; management expects limited upside and possible modest compression going forward.
  • Loans held for investment increased $91 million sequentially to $3.14 billion, led by multifamily property loans, direct energy loans, and other commercial loans.
  • +16 more takeaways
BKR February 2, 2026

Baker Hughes Q4 2025 Earnings Call - IET-led Surge into Power Systems and Data Centers Fuels Record Orders, Margins and Cash

Baker Hughes closed 2025 with a clean, muscular quarter. IET powered the showbook: record full-year IET orders of $14.9 billion, a $32.4 billion RPO backlog, and IET margins at cycle highs. Consolidat...

  • IET drove the quarter, booking $4.0 billion in Q4 and $14.9 billion for 2025, exceeding guidance and producing a record RPO backlog of $32.4 billion.
  • Company adjusted EBITDA reached $1.34 billion in Q4 and a record $4.83 billion for 2025, with full-year adjusted EBITDA margin of 17.4% and Q4 margin of 18.1%.
  • IET margins expanded materially, with Q4 IET EBITDA margin at 20% and full-year IET margins at a historical high of 18.5%.
  • +11 more takeaways
DX February 2, 2026

"Dynex Capital" Fourth Quarter and Full Year 2025 Earnings Call - GSE $200B Return Tightens Spreads, Lowers Tail Risk

Dynex closed 2025 with a blistering run: portfolio total economic return of 21.7% for the year and 10.2% in Q4, while executing an accretive capital raise that nearly tripled the company’s size over 1...

  • Dynex delivered a 21.7% total economic return for 2025 and 10.2% in Q4, driven by dividend income and book value gains.
  • Management raised roughly $1.5 billion of equity over the past 13 months, including nearly $350 million in early January 2026 via the at-the-market program.
  • Market capitalization, including preferreds, reached about $3 billion as of late January 2026; share count was ~199.6 million as of last Thursday.
  • +13 more takeaways
BOH February 2, 2026

Bank of Hawaii Fourth Quarter 2025 Earnings Call - NIM expands to 2.61% as deposit remix and fixed-rate repricing lift EPS 63% YoY

Bank of Hawaii closed 2025 with a clean quarter, driven by a seventh consecutive quarter of NIM expansion and a one-off cocktail of deposit remixing and fixed-rate asset repricing. EPS came in at $1.3...

  • EPS $1.39 in Q4 2025, up 63% YoY and 16% linked-quarter; net income $60.9 million.
  • Net interest margin 2.61% in Q4, up 15 basis points sequentially, marking the seventh straight quarter of NIM expansion.
  • Management executed a remix of $659 million in fixed-rate loans and investments, rolling off at ~4% and rolling on at ~5.8%, materially supporting NIM.
  • +11 more takeaways
MNSB February 2, 2026

MainStreet Bancshares, Inc. Q4 2025 Earnings Call - NIM resilience, deposit cost drop and disciplined credit set stage for 2026

MainStreet Bank closed 2025 with a clean-up story turned operational momentum. Net interest margin held at 3.46% and net interest income rose 11% year over year, helped by a 71 basis point reduction i...

  • Core profitability improved: EPS $1.76 for 2025, return on average assets 0.73%, return on average tangible common equity 7.24% and net interest margin 3.46%.
  • Net interest income grew 11% year over year despite navigating a 2024 technology transition, management says the core portfolio is healthy going into 2026.
  • Deposit costs fell 71 basis points year over year, tracked closely with the Fed easing cycle, and management expects further funding cost relief in 2026.
  • +11 more takeaways
HESM February 2, 2026

Hess Midstream Q4 2025 Earnings Call - Lower CapEx and 95% MVCs set up $850-$900M adjusted FCF in 2026

Hess Midstream closed 2025 with solid execution and completed a multi-year buildout, and management is pitching a sharp pivot from spending to cash generation. With 2026 capital guidance down 40% to $...

  • Company completed multi-year gathering and compression buildout in 2025 and is shifting to a lower maintenance capital posture.
  • 2026 capital expenditure guidance reduced to approximately $150 million, a 40% decrease versus 2025.
  • Management expects ongoing annual CapEx in 2027 and 2028 to be less than $75 million.
  • +12 more takeaways
TSN February 2, 2026

Tyson Foods Q1 FY2026 Earnings Call - Reporting Reset Exposes Beef Losses While Chicken and Prepared Foods Drive Growth

Tyson posted a solid top line but shifted the accounting lens. Q1 sales rose 6.2% to $14.3 billion, yet first-quarter Segment Operating Income fell 12% to $811 million and adjusted EPS dropped to $0.9...

  • Tyson changed its segment metric from Adjusted Operating Income to Segment Operating Income, which excludes corporate expenses and amortization, and recast the last three fiscal years to the new format.
  • Q1 sales rose 6.2% year-over-year to $14.3 billion, driven by Beef, Prepared Foods, Chicken and Pork (sales growth calculation excludes a $150M legal contingency reserve).
  • First-quarter Segment Operating Income was $811 million, down 12% year-over-year; adjusted EPS was $0.97, down 15% (partly from a higher tax rate).
  • +12 more takeaways
DIS February 2, 2026

The Walt Disney Company First Quarter 2026 Earnings Call - Streaming turns profitable, parks and films fuel growth

Disney opened fiscal 2026 on solid footing: studios delivered a blockbuster 2025 with more than $6.5 billion at the global box office, while parks and experiences posted record quarterly revenue above...

  • Studios drove more than $6.5 billion at the global box office in calendar 2025, marking Disney's third biggest year ever and ninth year as industry leader over the past decade.
  • Disney reported 37 billion-dollar films produced by its studios out of 60 industry-wide, underscoring IP dominance; Zootopia 2 grossed about $1.7 billion and became the top-grossing animated film ever.
  • Avatar: Fire and Ash joined the billion-dollar club, and Disney plans to stream both Avatar and Zootopia titles on Disney+ between now and year end to boost engagement and first streams.
  • +11 more takeaways
RVTY February 2, 2026

Revvity Q4 2025 Earnings Call - Strong finish, conservative 2026 guide (2%-3% organic) with AI push and ACD acquisition

Revvity closed 2025 with a stronger-than-expected fourth quarter, reporting $772 million in revenue, 4% organic growth, and adjusted EPS of $1.70, which pushed full-year adjusted EPS to $5.06 on $2.86...

  • Q4 results beat on the back half: revenue $772 million, 4% organic growth, adjusted EPS $1.70; full year revenue $2.86 billion, 3% organic growth, adjusted EPS $5.06.
  • 2026 guidance is deliberately cautious, calling for 2%–3% organic growth, $2.96B–$2.99B in revenue, and $5.35–$5.45 adjusted EPS.
  • Diagnostics drove the quarter, with diagnostic organic growth of 7% in Q4; immunodiagnostics and reproductive health outperformed, while newborn screening remained a strong contributor.
  • +11 more takeaways
APTV February 2, 2026

Aptiv Q4 2025 Earnings Call - VersaGen Spin April 1 Anchors 2026 Reset, Modest Growth Amid FX, Commodity, and Memory Headwinds

Aptiv closed 2025 with record Q4 revenue of $5.2 billion and $1.86 in adjusted EPS, but the call was dominated by corporate reconfiguration and cost headwinds. Management confirmed the Electrical Dist...

  • VersaGen spin confirmed for April 1, 2026, with pro forma guidance and a planned spin dividend of approximately $1.6 billion to fund debt paydown.
  • Aptiv reported record Q4 revenue of $5.2 billion, adjusted growth of 3% year-over-year, adjusted operating income of $607 million, and EPS of $1.86.
  • Q4 operating cash flow was $818 million, with about $80 million of separation costs in the quarter and roughly $180 million year-to-date related to the upcoming spin.
  • +12 more takeaways