Core Viewpoint - S&T Bancorp, Inc. has authorized a new $100 million share repurchase program to enhance shareholder value and manage capital effectively [1][3]. Group 1: Share Repurchase Program Details - The new share repurchase program will replace the existing program and is set to expire on February 1, 2027 [1]. - The program allows for the repurchase of common stock through open market and privately negotiated transactions, with the timing, price, and quantity at the discretion of S&T [2]. - The existing share repurchase program's remaining capacity has been terminated [1]. Group 2: Management's Perspective - The CEO emphasized that the new program reflects a disciplined approach to capital management, supporting long-term strategy and shareholder value enhancement [3]. - The program provides flexibility in capital deployment while maintaining a strong balance sheet [3]. Group 3: Company Overview - S&T Bancorp, Inc. is a $9.8 billion bank holding company headquartered in Indiana, Pennsylvania, and trades on NASDAQ under the symbol STBA [3]. - The principal subsidiary, S&T Bank, has been operating since 1902 and serves Pennsylvania and Ohio [3].

HARRISBURG, Pa.--(BUSINESS WIRE)--Mid Penn Bancorp, Inc. (NASDAQ: MPB) ("Mid Penn"), the parent company of Mid Penn Bank (the "Bank") and MPB Financial Services, LLC, today reported net income available to common shareholders ("earnings") for the quarter ended December 31, 2025, of $19.4 million, or $0.84 per basic and $0.83 per diluted common share, compared to net income of $18.3 million, or $0.80 per basic and $0.79 per diluted common share, for the third quarter of 2025, and the consensus analyst estima ...

Core Viewpoint - Old Second Bancorp, Inc. reported significant growth in net income for the fourth quarter of 2025, indicating strong financial performance compared to previous quarters and the same quarter last year [1] Financial Performance - The net income for the fourth quarter of 2025 was $28.8 million, or $0.54 per diluted share [1] - This represents an increase from a net income of $9.9 million, or $0.18 per diluted share, in the third quarter of 2025 [1] - Compared to the fourth quarter of 2024, where the net income was $19.1 million, or $0.42 per diluted share, the company experienced a year-over-year increase [1]

Core Insights - U.S. Bancorp's fourth-quarter 2025 earnings per share (EPS) of $1.26 exceeded the Zacks Consensus Estimate of $1.19, marking a 24.7% increase from the prior-year quarter [1] - Total revenues for the quarter reached $7.37 billion, reflecting a year-over-year growth of 5.1% and surpassing the Zacks Consensus Estimate by 0.6% [1] Revenue and Income Analysis - The revenue growth was supported by broad-based expansion in fee-generating businesses, with non-interest income rising 7.8% year over year to $3.05 billion, driven by higher payment services revenues, trust and investment management fees, capital markets revenues, mortgage banking revenues, and investment products fees [2][3] - Payment services revenues increased by 3.9% from the fourth quarter of 2024, while trust and investment management fees grew by 7.5% due to business growth and favorable market conditions [4] - Capital markets revenues surged by 17.3% due to higher corporate bond underwriting fees, and mortgage banking revenues rose by 12.1% due to increased gain on sale activity [4] Expense Management - Non-interest expenses decreased by 1.9% year over year to $4.23 billion, attributed to lower compensation and employee benefits expenses, although this was partially offset by higher marketing, technology, and other expenses [7] - The tax-equivalent net interest income (NII) totaled $4.31 billion, up 3.2% from the previous year, primarily due to loan growth and fixed asset repricing, with a net interest margin of 2.77%, expanding by 6 basis points year over year [6] Loan and Deposit Trends - Average total loans increased by 1.3% to $384.3 billion from the previous quarter, while average total deposits rose slightly to $515.1 billion [8] - However, the provision for credit losses in the reported quarter was $577 million, up 3% from the prior-year quarter, indicating potential concerns regarding credit quality [8] Future Outlook - Management anticipates revenue growth, capital markets expansion, and payments innovation to be key drivers for 2026, with the integration of BTIG LLC expected to enhance capital markets capabilities and create cross-selling opportunities [9]

Core Insights - Greene County Bancorp, Inc. reported record net income of $10.3 million for the second quarter of fiscal year 2026, marking a 39.3% increase compared to the same period in the previous year [1][7] - The company achieved total consolidated assets of $3.1 billion, with net loans reaching $1.7 billion, both representing record highs [4][7] - The company was recognized as a top-performing bank in Piper Sandler's Class of 2025 Bank & Thrift Small-Cap All Stars, ranking 9th out of 24 banks [3] Financial Performance - Net income for the six months ended December 31, 2025, was $19.2 million, or $1.13 per share, compared to $13.8 million, or $0.81 per share, for the same period in 2024 [1][7] - Pre-provision net income increased to $20.6 million for the six months ended December 31, 2025, up from $14.9 million in the prior year, reflecting a 38.7% increase [5] - Net interest income rose to $19.1 million for the three months ended December 31, 2025, an increase of $5.0 million from the previous year [6][8] Asset and Loan Growth - Total consolidated assets increased by $106.4 million, or 3.5%, from $3.0 billion at June 30, 2025, to $3.1 billion at December 31, 2025 [14] - Net loans receivable grew by $58.6 million, or 3.6%, to $1.7 billion as of December 31, 2025, driven by increases in commercial real estate and commercial loans [14] - The allowance for credit losses on loans increased to $21.3 million, reflecting a 5.9% rise due to higher loan volumes [14] Deposit and Borrowing Trends - Total deposits remained stable at $2.6 billion as of December 31, 2025, with notable increases in NOW deposits [14] - Borrowings increased significantly from $128.1 million at June 30, 2025, to $214.1 million at December 31, 2025, primarily due to overnight borrowings with the Federal Home Loan Bank [14] Credit Quality - The provision for credit losses was $199,000 for the three months ended December 31, 2025, down from $478,000 in the prior year [11] - Nonperforming loans amounted to $3.3 million at December 31, 2025, representing 0.20% of net loans, a slight increase from 0.19% at June 30, 2025 [12] Noninterest Income and Expenses - Noninterest income decreased by $719,000, or 18.6%, to $3.2 million for the three months ended December 31, 2025, primarily due to losses on securities sales [11] - Noninterest expense increased by $1.1 million, or 11.4%, to $10.5 million for the three months ended December 31, 2025, driven by higher salaries and employee benefits [11]

Core Insights - Plumas Bancorp reported a net income of $10.9 million or $1.58 per share for Q4 2025, an increase from $7.7 million or $1.31 per share in Q4 2024, driven by a rise in net interest income and non-interest income despite higher non-interest expenses and provisions [1][2] - For the full year 2025, net income was $29.6 million or $4.60 per share, a slight increase from $28.6 million or $4.85 per share in 2024, with diluted earnings per share decreasing to $4.54 from $4.80 [2] - The acquisition of Cornerstone Community Bancorp significantly impacted the balance sheet, with total assets increasing by 37.9% to $2.24 billion and gross loans rising by 49% to $1.5 billion [7][8][62] Financial Performance - Q4 2025 net interest income was $25.9 million, up $6.9 million from Q4 2024, primarily due to an increase in interest income [33] - For the year ended December 31, 2025, net interest income reached $87.8 million, an increase of $14.1 million from 2024, with interest income rising by 20.5% [42][63] - The annualized return on average assets was 1.93% for Q4 2025, compared to 1.87% in Q4 2024, while the return on average equity increased to 17.2% from 17.1% [1][2] Balance Sheet Highlights - Total deposits increased by $439 million, or 32%, to $1.8 billion as of December 31, 2025, with significant growth in demand deposits and money market accounts [15][62] - Shareholders' equity rose by $83 million, or 46.8%, to $261 million, driven by earnings and stock issued during the Cornerstone acquisition [27][62] - The company’s total investment securities increased by $39 million to $477 million, with a decrease in unrealized losses on investment securities [17][62] Asset Quality - Nonperforming assets rose to $15.3 million, or 0.68% of total assets, up from $4.3 million or 0.27% in the previous year, primarily due to issues with a single agricultural loan relationship [18][20] - The provision for credit losses for 2025 was $6.8 million, significantly higher than $1.2 million in 2024, reflecting growth in the loan portfolio and the acquisition of Cornerstone [19][63] Strategic Initiatives - The acquisition of Cornerstone Community Bancorp was described as pivotal, enhancing the company's presence in Northern California and optimizing its balance sheet [4][7] - Management plans to focus on margin durability and cost-of-funds improvement while managing credit risk prudently [5][6] Non-Interest Income and Expenses - Non-interest income for Q4 2025 was $2.7 million, an increase of $503 thousand from Q4 2024, driven by a gain on the sale of administrative facilities [49] - Total non-interest expense increased by $3.6 million in Q4 2025, with significant contributions from salary and benefit expenses related to the acquisition [50] - For the year, non-interest income totaled $10.5 million, up $1.7 million, while non-interest expenses rose by $9.6 million to $51.9 million [51][52]

Core Insights - Community Trust Bancorp, Inc. (CTBI) reported record earnings for Q4 2025, achieving a net income of $27.3 million, or $1.51 per basic share, which is an increase from $23.9 million, or $1.33 per share in Q3 2025 and $22.5 million, or $1.25 per share in Q4 2024 [1][4][14] - Total revenue for Q4 2025 was $3.2 million higher than the previous quarter and $9.0 million higher than the same quarter last year [1] - The company’s total assets reached $6.7 billion, reflecting a $46.0 million increase from the prior quarter and a $490.9 million increase from the previous year [14][21] Financial Performance - Net interest income for Q4 2025 was $58.1 million, up $2.6 million (4.6%) from Q3 2025 and $8.6 million (17.3%) from Q4 2024, with a net interest margin increase of 7 basis points from the prior quarter and 24 basis points from the prior year [4][5] - Noninterest income for Q4 2025 was $16.6 million, an increase of $0.7 million (4.1%) from Q3 2025 and $0.4 million (2.7%) from Q4 2024 [7][8] - Total noninterest expense for Q4 2025 was $36.5 million, a decrease of $0.3 million (0.8%) from Q3 2025 but an increase of $2.7 million (7.9%) from Q4 2024 [10][11] Asset Quality - Total nonperforming loans decreased to $19.2 million at December 31, 2025, down $5.5 million from the prior quarter and $7.5 million from the prior year [16] - The provision for credit losses for Q4 2025 was $2.9 million, a decrease of $1.0 million from the prior quarter but an increase of $0.3 million from the same quarter last year [18] - Net loan charge-offs for Q4 2025 were $1.8 million, representing an annualized 0.14% of average loans, compared to $2.7 million (0.23%) in Q3 2025 and $1.0 million (0.09%) in Q4 2024 [17] Loan and Deposit Growth - The loan portfolio increased to $4.9 billion, up $101.0 million (annualized 8.4%) from the prior quarter and $408.3 million (9.1%) from the prior year [14][12] - Total deposits, including repurchase agreements, reached $5.7 billion, an increase of $27.5 million (annualized 1.9%) from the prior quarter and $387.5 million (7.3%) from the prior year [13][14] Shareholder Returns - Dividends declared per share for Q4 2025 were $0.53, consistent with Q3 2025 and an increase from $0.47 in Q4 2024 [1][10] - Shareholders' equity increased to $856.1 million, up $24.7 million (annualized 11.8%) from the prior quarter and $98.5 million (13.0%) from the prior year [15]

Core Insights - Fifth Third Bancorp reported revenue of $2.34 billion for the quarter ended December 2025, marking a year-over-year increase of 7.9% and a surprise of +0.8% over the Zacks Consensus Estimate of $2.32 billion [1] - The earnings per share (EPS) for the same period was $1.12, compared to $0.90 a year ago, although it did not deliver an EPS surprise against the consensus estimate of $1.00 [1] Financial Performance Metrics - Efficiency Ratio (FTE) was reported at 55.8%, above the average estimate of 54.5% based on six analysts [4] - Net interest margin (FTE) was 3.1%, matching the average estimate based on six analysts [4] - Net charge-off ratio (NCO ratio) stood at 0.4%, consistent with the average estimate based on five analysts [4] - Book value per share was $30.18, slightly above the average estimate of $30.09 based on five analysts [4] - Average balance of total interest-earning assets was $194.14 billion, below the average estimate of $194.87 billion based on four analysts [4] - Return on average assets was 1.4%, exceeding the average estimate of 1.3% based on four analysts [4] - Tangible book value per share (including AOCI) was $22.60, compared to the average estimate of $22.31 based on four analysts [4] - Return on average common equity was 14%, above the average estimate of 13% based on three analysts [4] - Total nonperforming assets amounted to $867 million, higher than the average estimate of $843.25 million based on two analysts [4] - Tangible common equity (including AOCI) was reported at 7.1%, below the average estimate of 7.5% based on two analysts [4] - Total nonaccrual portfolio loans and leases were $767 million, lower than the average estimate of $832.25 million based on two analysts [4] - Regulatory Capital Ratios - Leverage was 9.4%, matching the average estimate based on two analysts [4] Stock Performance - Shares of Fifth Third Bancorp returned +2% over the past month, outperforming the Zacks S&P 500 composite's +1.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Insights - U.S. Bancorp's fourth-quarter 2025 earnings per share of $1.26 exceeded the Zacks Consensus Estimate of $1.19, marking a 24.7% increase from the prior-year quarter [1][8] - The net income attributable to U.S. Bancorp was $2.04 billion, reflecting a 22.9% rise from the previous year [1] - Total revenues for the quarter were $7.36 billion, up 5.1% year over year, and slightly above the Zacks Consensus Estimate by 0.6% [3][8] Financial Performance - For the full year 2025, earnings per share were $4.62, surpassing the consensus estimate of $4.55 and increasing from $3.79 in 2024 [2] - Net income for 2025 was $7.6 billion, a 20.2% increase from the prior year [2] - Tax-equivalent net interest income (NII) for the quarter totaled $4.31 billion, up 3.2% year over year, driven by loan growth and fixed asset repricing [3][4] Revenue and Expenses - Non-interest income rose 7.8% year over year to $3.05 billion, supported by increases across nearly all components [4] - Non-interest expenses decreased by 1.9% year over year to $4.23 billion, primarily due to lower compensation and employee benefits expenses [4] - The efficiency ratio improved to 57.4%, down from 61.5% in the prior year, indicating enhanced profitability [5] Loan and Deposit Growth - Average total loans increased by 1.3% to $384.3 billion from the previous quarter [6] - Average total deposits rose slightly to $515.1 billion from the previous quarter [6] Credit Quality - The total allowance for credit losses was $7.94 billion, showing a marginal year-over-year decline [7] - Non-performing assets decreased by 13.2% year over year to $1.59 billion [7] - Net charge-offs were $527 million, down 6.2% from the previous quarter [7] Capital Ratios - The Tier 1 capital ratio improved to 12.3% as of December 31, 2025, up from 12.2% in the prior year [9] - The Common Equity Tier 1 capital ratio was 10.8%, an increase from 10.6% year over year [9] - The tangible common equity to tangible assets ratio rose to 6.7%, up from 5.8% in the prior year [9] Future Outlook - U.S. Bancorp's diversified revenue streams, solid balance sheet, and disciplined cost control are expected to support strong financial performance moving forward [10] - Growth in NII and non-interest income, along with improved efficiency, is anticipated to enhance future profitability [10]

Core Insights - Mountain Commerce Bancorp, Inc. reported improved earnings with adjusted return on average assets and equity rising to 0.67% and 8.60% respectively for the twelve months ended December 31, 2025, compared to 0.45% and 6.22% for the same period in 2024 [3][4] - The company declared a quarterly cash dividend of $0.07 per common share, marking its twenty-first consecutive quarterly dividend [2] Financial Performance - Net income for the twelve months ended December 31, 2025, was $11.2 million, an increase from $8.9 million in 2024, while diluted earnings per share rose to $1.78 from $1.42 [11] - The net interest margin improved from 2.01% in 2024 to 2.44% in 2025, contributing to a net interest income increase of $7.4 million, or 23.5%, year-over-year [16][11] - Noninterest income increased to $3.3 million for the twelve months ended December 31, 2025, from $2.7 million in 2024, driven by improved equity market conditions and increased wealth management fees [23] Asset Quality - Non-performing assets increased to $9.2 million as of December 31, 2025, from $4.0 million in 2024, but are considered well collateralized [4][20] - The allowance for credit losses to non-performing loans ratio was 191.91% as of December 31, 2025, indicating strong coverage [20] Merger Activity - The company announced a definitive agreement for an all-stock merger with Home Bancshares, where shareholders will receive 0.85 shares of Home Bancshares' common stock for each share of Mountain Commerce Bancorp [5][7] - The merger is expected to close in early 2026, pending regulatory approvals and shareholder consent [7][6] Balance Sheet Highlights - Total assets increased by $25.3 million, or 1.45%, to $1.771 billion as of December 31, 2025 [30] - Loans receivable rose by $27.3 million, or 1.86%, to $1.490 billion, reflecting the company's cautious approach to loan growth [35] - Total deposits increased by $18.3 million, or 1.2%, to $1.545 billion as of December 31, 2025 [35] Noninterest Expense - Noninterest expense for the twelve months ended December 31, 2025, increased by $3.0 million, or 12.2%, primarily due to higher compensation and employee benefits, as well as merger-related expenses [28][27] - The adjusted noninterest expense to average assets ratio was 1.52% for the twelve months ended December 31, 2025, remaining competitive compared to peer banks [4]