Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Qorvo Third Quarter Fiscal 2026 Earnings Call - Resizing Android, Leaning Into Defense to Lift Margins
Qorvo reported a steady December quarter: revenue $993 million, non-GAAP gross margin 49.1%, and non-GAAP EPS $2.17, beating guidance while continuing a deliberate reshaping of the business. Managemen...
- Q3 revenue $993 million, non-GAAP gross margin 49.1%, non-GAAP diluted EPS $2.17, results came in ahead of guidance.
- Largest customer remains dominant, representing ~53% of Q3 revenue, and Qorvo expects revenue from that customer to be roughly flat in FY2027.
- Management is intentionally exiting low-margin, mass-tier Android business, estimating an approximately $300 million revenue reduction in fiscal 2027 versus fiscal 2026.
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Camden National Corporation Q4 2025 Earnings Call - Northway Integration and Margin Expansion Fuel Record Results, but Payoffs and an Office CRE Charge-off Merit Watch
Camden National closed 2025 with a record fourth quarter, driven by accretion from the Northway acquisition, NIM expansion and disciplined cost control. Q4 net income was $22.6 million, EPS $1.33, and...
- Q4 2025 net income $22.6 million, diluted EPS $1.33; full-year net income $65.2 million, diluted EPS $3.84.
- Net interest margin expanded 13 basis points sequentially to 3.29%, driving a 5% quarter-over-quarter increase in net interest income.
- Efficiency ratio improved to 51.69% in Q4, below 52%; management views mid-50s as the sustainable efficiency range while reinvesting in growth.
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Alexandria Real Estate Equities Fourth Quarter and Year-End 2025 Earnings Call - Aggressive dispositions to shore up balance sheet while bracing for an early-2026 occupancy dip
Alexandria spent the quarter cleaning house. Management executed $1.5 billion of Q4 dispositions, recognized $1.45 billion of impairments largely tied to land and two large projects, and set a 2026 di...
- Company navigates a fifth consecutive year of a life science bear market, exacerbated by regulatory churn at the FDA since February 2025.
- Q4 2025 dispositions totaled $1.5 billion across 26 transactions, and the company set a 2026 disposition and partial-sale target around $2.9 billion, with 65%-75% expected to be non-core assets and land.
- Recognized $1.45 billion of impairments in Q4, about 50%-60% of which related to land; two large impairments at 88 Bluxome Street in SoMa and the Gateway campus in South San Francisco made up 37% of the total.
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RBB Bancorp Q4 2025 Earnings Call - Credit Turnaround Drives Profitability, Deposit Competition Clouds Outlook
RBB closed 2025 with a clear credit inflection and steady profitability. Q4 net income was $10.2 million, or $0.59 per share, with NPLs and NPAs falling sharply after a year of active workouts. Loan o...
- Q4 2025 net income was $10.2 million, or $0.59 diluted EPS, roughly flat sequentially and more than double Q4 2024.
- Net interest margin was 2.99% in Q4, up 1 basis point sequentially and notably higher year over year, supported by six consecutive quarters of rising NII.
- Loan originations were $145 million in Q4 and $713 million for 2025, a 32% increase versus 2024, with originations yielding 31 basis points over the existing loan portfolio yield.
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WSFS Financial Corporation Q4 2025 Earnings Call - NIM Resilient While Management Pushes Aggressive Buybacks
WSFS closed 2025 with Marching-order numbers: Q4 core EPS $1.43 and full-year core EPS $5.21, with core ROA and ROTCE holding strong. Management told investors they can absorb rate cuts and still driv...
- Q4 core EPS of $1.43, full-year 2025 core EPS of $5.21; Q4 core EPS up 29% year over year, full-year core EPS up 19% year over year.
- Q4 core ROA 1.42% and core return on tangible common equity 18%; full-year core ROA 1.39% and ROTCE 18%.
- Net interest margin was 3.83% in Q4, down 8 basis points linked quarter but up 3 basis points year over year despite absorbing roughly 75 basis points of rate cuts since Q4 2024.
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Five Star Bancorp Fourth Quarter and Year-End 2025 Earnings Call - Robust growth and NIM lift as deposits turn core, capital and 2026 loan resets the risk
Five Star delivered an emphatic 2025: double-digit loan and deposit growth, a wider net interest margin, and margin-supporting deposit mix improvement. Management leaned on aggressive business develop...
- Net income for 2025 was $61.6 million, EPS $2.90; Q4 net income was $17.6 million, EPS $0.83.
- Loans held for investment grew $542.2 million, or 15% year-over-year, driven mainly by commercial real estate growth.
- Total deposits rose $643.1 million, or 18% year-over-year, with non-wholesale deposits up $738.1 million, or 25%.
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Home Bancorp Q4 2025 Earnings Call - Deposit-driven runway: LTD down to 92%, NIM recovery and M&A optionality
Home Bancorp closed 2025 with a record year for shareholders, reporting Q4 net income of $11.4 million, EPS $1.46, and full-year EPS of $5.87, up 29% versus 2024. The quarter showed a mix of tidy core...
- Q4 2025 net income was $11.4 million, or $1.46 per share; full-year 2025 net income was $46.0 million, or $5.87 per share, a record and +29% year over year in EPS.
- Net interest margin was 4.06% in Q4, full-year NIM 4.03%, up 32 basis points year over year; management expects NIM to tick back up to roughly 4.10%–4.15% in 2026.
- Loan growth in Q4 was $38 million (about a 6% annualized rate); management expects 2026 loan growth to be mid-single digits assuming payoffs slow.
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Western Alliance Bancorporation Q4 2025 Earnings Call - Record revenue and PP&R, on track to cross $100B assets in 2026 while cleaning up non-accruals
Western Alliance closed Q4 2025 with record quarterly net interest income, net revenue, and pre-provision net revenue, and delivered broad-based organic growth across loans and deposits. Management fl...
- Q4 2025 produced record quarterly net interest income ($766 million), net revenue ($766M for the quarter, $3.5B for the year) and pre-provision net revenue (PP&R $429M in Q4, $1.4B for the year).
- EPS for Q4 was $2.59, up 33% year-over-year; full-year EPS was $8.73, up 23% year-over-year. Tangible book value per share rose 17% year-over-year to $61.29. Return on average tangible common equity in Q4 was 16.9%.
- Loans held for investment grew $2 billion in Q4 and $5 billion for full year 2025, concentrated in C&I verticals, Innovation Banking, in-market commercial, hotel franchise finance, plus mortgage warehouse and MSR financing. Management guides $6 billion loan growth for 2026.
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PACCAR Fourth Quarter 2025 Earnings Call - Tariff and EPA Clarity Puts PACCAR in Position to Gain Share and Margin in 2026
PACCAR closed 2025 with solid results and a message of clarity. Q4 revenues were $6.8 billion, full-year revenues $28.4 billion, and adjusted net income $2.64 billion, while Parts and Financial Servic...
- Q4 2025 revenue $6.8 billion, Q4 net income $557 million; full-year 2025 revenue $28.4 billion and adjusted net income $2.64 billion, the fourth highest profit year in company history.
- PACCAR reported its 87th consecutive year of profits, highlighting resilience and stable cash generation across cycles.
- PACCAR Parts and PACCAR Financial Services set annual and quarterly revenue records, and now represent a growing, structurally stronger portion of the business.
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Hope Bancorp Q4 2025 Earnings Call - Net Income Up 42% Driven by NII and Fee Gains, Efficiency and Deposit Mix Remain Tests
Hope Bancorp closed 2025 with a sharply improved quarter, reporting $34 million in net income, up 42% sequentially, as net interest income, fee growth and lower credit provisions offset rising operati...
- Net income was $34 million in Q4 2025, up 42% quarter-over-quarter, driven by higher net interest income, stronger customer fee income, lower provision for credit losses, and a lower tax expense, partially offset by higher operating expense.
- Net interest income totaled $127 million in Q4 2025, up 1% sequentially and up roughly 25% year-over-year; reported NIM was 2.90%, up 1 basis point from Q3.
- Hope closed the Territorial Bancorp acquisition (Hawaii) in April 2025; management says integration has been stable with no meaningful deposit disruptions and the deal contributed materially to year-over-year loan and deposit growth.
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