Financial Data and Key Metrics Changes - The Bancorp reported earnings per share (EPS) of $1.28 for the fourth quarter, reflecting an 11% year-over-year growth [4] - Gross Deposit Value (GDV) increased by 16% for the quarter compared to the prior year [4] - Revenue growth for the quarter was 3% year-over-year, excluding credit enhancement income [4] - Return on Equity (ROE) reached a record 30.4% for the quarter and 28.9% for the full year [8] - Total assets increased to $9.4 billion, up 7% from the prior year [8] Business Line Data and Key Metrics Changes - Credit sponsorship balances ended at $1.1 billion, up 40% from the third quarter and 142% year-over-year [5] - The total loan portfolio increased by $919 million to $7.26 billion, with consumer fintech loans constituting 15% of the portfolio [8] - Non-interest income, excluding credit enhancement, accounted for just over 30% of revenue in the quarter, with approximately 90% of fees coming from the fintech business [9] Market Data and Key Metrics Changes - Average deposits in the quarter were $7.6 billion, with an average cost of 177 basis points [9] - Delinquency rates declined from 2.19% at the end of the third quarter to 1.6% at the end of the fourth quarter [7] Company Strategy and Development Direction - The Bancorp is focused on three main fintech initiatives aimed at creating significant shareholder value [5] - The company is targeting a guidance of $5.90 EPS for 2026 and $8.25 EPS for 2027, which includes stock buybacks [12] - The strategy emphasizes platform efficiency, productivity gains from restructuring, and AI tools [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the EPS guidance for 2026 and highlighted the positive impact of tax season on business [21] - The company anticipates continued growth in credit sponsorship and overall fintech business, with significant improvements in credit metrics [9][10] - Management acknowledged challenges from legal fees and the unexpected duration of the government shutdown affecting GDV [18][19] Other Important Information - The company repurchased $150 million of its stock in the fourth quarter, totaling $375 million for the year [11] - Criticized assets decreased from $268 million to $194 million, a 28% decline quarter-over-quarter [7] Q&A Session Summary Question: Can you provide more building blocks to help bridge the EPS gap? - Management indicated large revenue opportunities and confidence in upcoming initiatives, including credit sponsorship and the embedded finance platform [16] Question: What were the primary drivers affecting fourth-quarter results? - Key drivers included legal fees, the impact of the government shutdown on GDV, and the timing of credit sponsorship growth [18][19] Question: Can you discuss the economics of off-balance sheet deposits? - Management explained that off-balance sheet deposits are used to optimize funding costs and generate revenue as deposit growth exceeds balance sheet capacity [22][41] Question: What is the plan for the Aubrey property? - The company is nearing cash flow break-even and is looking for exit opportunities to maximize value [32][34] Question: How does the company view the threat of fintechs obtaining their own bank charters? - Management believes many partners will not seek licenses and highlighted the scalability and low-cost benefits of their platform [36][39] Question: What is the expectation for net interest margin (NIM)? - Management expects some compression in NIM as the company shifts towards fintech, but anticipates an increase in fee revenue as a portion of total revenue [60][61]

Financial Data and Key Metrics Changes - The Bancorp reported earnings of $1.28 per share for Q4 2025, reflecting an 11% year-over-year growth in EPS [4] - GDV (Gross Deposit Volume) increased by 16% in Q4 compared to the prior year, with a total annual growth of 17% in 2025 [4][5] - Revenue growth for the quarter was 3% year-over-year, excluding credit enhancement income [4] Business Line Data and Key Metrics Changes - Credit sponsorship balances reached $1.1 billion, up 40% from Q3 and 142% year-over-year [5] - Consumer fintech loans increased by $644 million, now constituting 15% of the total loan portfolio, which grew to $7.26 billion [8] - Non-interest income, excluding credit enhancement, accounted for over 30% of revenue in the quarter, with approximately 90% of fees coming from the fintech business [9] Market Data and Key Metrics Changes - Average deposits in Q4 were $7.6 billion, with an average cost of 177 basis points [9] - Criticized assets decreased from $268 million to $194 million, a 28% decline quarter-over-quarter [6] - Delinquency rates improved from 2.19% to 1.6% of loans from Q3 to Q4 [6] Company Strategy and Development Direction - The Bancorp is focused on three main fintech initiatives aimed at creating significant shareholder value, including credit sponsorship, embedded finance platform development, and new program implementations [5] - The company is targeting a 2026 EPS guidance of $5.90, with a preliminary 2027 guidance of $8.25, which includes stock buybacks [12] - The strategy emphasizes optimizing funding costs and increasing revenue through off-balance sheet deposits and fintech partnerships [22][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the EPS targets for 2026 and 2027, citing strong tax season expectations and ongoing fintech initiatives [20][21] - The impact of the government shutdown on GDV was noted, but management does not foresee it affecting Q1 2026 significantly [20] - The company is optimistic about the growth of credit sponsorship and the overall fintech business, expecting substantial improvements in financial metrics [5][9] Other Important Information - Non-interest expense for Q4 was $56.2 million, which included $2 million from a legal settlement [10] - The Bancorp repurchased $150 million of its stock in Q4, totaling $375 million for the year [11] Q&A Session Summary Question: Can you provide more details on the EPS ramp and revenue drivers? - Management highlighted large revenue opportunities and confidence in upcoming announcements regarding credit sponsorship and the embedded finance platform [15][16] Question: What were the primary drivers affecting Q4 results? - Key drivers included legal fees, the unexpected duration of the government shutdown, and the timing of credit sponsorship growth [18][19] Question: What is the plan for off-balance sheet deposits? - The company expects to continue generating deposit growth while optimizing the mix of on and off-balance sheet deposits to enhance earnings [22][39] Question: Can you discuss the refinancing of REBL loans? - Some refinancings were with new partners, and the existing properties are in stronger positions than when originated, with lower interest rates due to the current environment [29] Question: How does the company view the threat of fintechs obtaining bank charters? - Management believes many partners will not seek licenses and emphasizes the scalability and low-cost benefits of their platform [36][38]

The statements contained in this release that are not historical facts are forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects on the Company. Readers are cautioned not to unduly rely on forward looking statements. Actual results may differ from those projected. These forward-looking statements involve risks and uncertainties including but not limited to the health of the national and local economies, loan portfolio per ...

The Bancorp Investor Presentation January 2026 Forward Looking Statements & Other Disclosures Statements in this presentation regarding The Bancorp, Inc.'s ("The Bancorp") business, that are not historical facts, are "forward-looking statements." These statements may be identified by the use of forward-looking terminology, including the words "intend," "may," "believe," "will," "expect," "look," "anticipate," "plan," "estimate," "continue," or similar words. Forward-looking statements include but are not li ...

Core Insights - Mechanics Bancorp reported strong financial results for Q4 and the full year 2025, significantly influenced by the merger with HomeStreet Bank, which was completed on September 2, 2025 [1][4][10] Financial Performance - Q4 2025 net income was $124.3 million, or $0.54 per diluted share, compared to $55.2 million, or $0.25 per diluted share in Q3 2025 [1][8] - Full year 2025 net income reached $265.7 million, or $1.22 per diluted share, a substantial increase from $29.0 million, or $0.14 per diluted share in 2024 [1][8] - Total interest income for Q4 2025 was $255.1 million, up from $204.9 million in Q3 2025, while total interest expense increased to $73.7 million from $59.2 million [6][9] Balance Sheet Highlights - Total assets were $22.4 billion as of December 31, 2025, compared to $22.7 billion at September 30, 2025, and $16.5 billion at December 31, 2024 [7][20] - Total loans amounted to $14.2 billion, with a loans-to-deposits ratio of 75% [7][22] - Total deposits were $19.0 billion, down from $19.5 billion at the end of Q3 2025 [7][23] Capital and Liquidity - The company reported strong capital ratios, including a 16.28% total risk-based capital ratio and a 14.07% CET1 capital ratio as of December 31, 2025 [7][28] - Total shareholders' equity increased to $2.9 billion, with book value per share rising to $12.93 [26][27] Credit Quality - The allowance for credit losses on loans was $153.3 million, or 1.08% of total loans, down from 1.16% at the end of Q3 2025 [34][32] - Total delinquent loans were $93.1 million, representing 0.66% of total loans held for investment [31][32] Noninterest Income and Expenses - Noninterest income for Q4 2025 was $78.5 million, a decrease from $109.8 million in Q3 2025, primarily due to a lower bargain purchase gain from the HomeStreet merger [8][13] - Noninterest expense decreased to $129.5 million in Q4 2025 from $163.3 million in Q3 2025, largely due to reduced acquisition and integration costs [8][15]

DIXON, Calif.--(BUSINESS WIRE)--First Northern Community Bancorp (the "Company†, OTCQX: FNRN), holding company for First Northern Bank ("First Northern†or the "Bank†), today reported net income of $21.1 million, or $1.27 per diluted share, for the twelve months ended December 31, 2025, up 5.5% compared to net income of $20.0 million, or $1.19 per diluted share, for the twelve months ended December 31, 2024. Net income for the quarter ended December 31, 2025, was $6.0 million, or $0.36 per dilu. ...

分组1 - The Bancorp reported quarterly earnings of $1.28 per share, missing the Zacks Consensus Estimate of $1.46 per share, representing an earnings surprise of -12.33% [1] - The company posted revenues of $172.61 million for the quarter, missing the Zacks Consensus Estimate by 6.85%, compared to year-ago revenues of $148.57 million [2] - The Bancorp has surpassed consensus EPS estimates only once over the last four quarters [2] 分组2 - The stock has underperformed the market, losing about 0.6% since the beginning of the year, while the S&P 500 gained 1.9% [3] - The current consensus EPS estimate for the coming quarter is $1.51 on revenues of $189.3 million, and for the current fiscal year, it is $6.50 on revenues of $787.1 million [7] - The Zacks Industry Rank for Banks - Northeast is currently in the top 23% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]

Fourth Quarter 2025 Highlights Net Income - $1.5 million Bank Net Income - $1.8 million TBVPS - $12.33 Diluted EPS- $0.19 SCOTTSDALE, AZ / ACCESS Newswire / January 29, 2026 / Bancorp 34, Inc. (OTCID:BCTF), the parent company for Southwest Heritage Bank, together, the "Company" reports fourth quarter of 2025 performance. Management Comments - Ciaran McMullan, Chairman & CEO Loan growth improved for the second consecutive quarter, with linked-quarter growth of 3.2%, or 12.8% annualized Driven by strong perfo ...

Financial Performance - Fourth Quarter 2025 EPS was $1.28, an 11% increase from $1.15 in 4Q 2024, with a net income of $56.3 million compared to $55.9 million in the prior year[1][2] - Net interest income decreased to $92.1 million from $94.3 million in 4Q 2024, with a net interest margin of 4.30%, down from 4.55% in the prior year[1][13] - Total revenue for the three months ended December 31, 2025, was $172,611, a slight decrease from $174,613 in September 2025 and an increase from $159,598 in December 2024[55] - Adjusted total revenue for the year ended December 31, 2025, was $534,550, compared to $503,104 in 2024, reflecting growth in revenue[55] Loan and Deposit Growth - Ending loans reached $7.12 billion, a 16% increase year-over-year from $6.11 billion in 4Q 2024, and a 7% increase from $6.67 billion in 3Q 2025[1][8] - Consumer fintech loans totaled $1.10 billion, representing 15.1% of total loans, marking a 142% increase from $454.4 million in 4Q 2024[1][9] - Average deposits were $7.60 billion, a 1% increase from $7.55 billion in 4Q 2024, with 95% of deposits sourced from fintech partnerships[1][10][11] - Total deposits reached $8,165,496 thousand, reflecting a 5.38% increase from $7,746,046 thousand year-over-year[35] Credit Quality - Provision for credit losses on non-consumer fintech loans was $0.9 million in 4Q 2025, a decrease from $5.7 million in 3Q 2025[15][16] - The allowance for credit losses was $66.2 million as of December 31, 2025, up from $44.9 million at the end of 2024, with consumer fintech loans coverage at 2.84% and non-fintech loans at 0.58%[17] - Total net charge-offs for Q4 2025 were $39.2 million, a decrease from $40.8 million in Q3 2025, resulting in a charge-off ratio of 2.29%[18] - Non-fintech loans net charge-offs were $0.6 million for Q4 2025, down from $3.3 million in Q3 2025, with a charge-off ratio of 0.04%[19] - Nonperforming loans to total loans decreased to 1.04% as of December 31, 2025, down from 1.35% in September 2025 and 0.55% in December 2024[46] Non-Interest Income - Non-interest income accounted for 46.7% of total revenue, up from 40.9% in 4Q 2024, with fintech fees contributing 20.8% of total revenue[1][4] - Non-interest income for Q4 2025 was $80.5 million, driven by a $3.7 million increase in fintech fees, which accounted for 27% of total revenues excluding credit enhancement income[21] - Non-interest income as a percentage of total revenue (excluding credit enhancement) was 30.4% for the three months ended December 31, 2025, compared to 30.1% in September 2025 and 26.9% in December 2024[55] - Fintech fees as a percentage of total revenue (excluding credit enhancement) were 27.2% for the three months ended December 31, 2025, compared to 26.0% in September 2025 and 25.0% in December 2024[55] Shareholder Returns - Share repurchases totaled $150 million for 2,173,518 shares, representing 5% of issued shares, at an average cost of $69.01[1][4] - The company repurchased 2,173,518 shares at an average cost of $69.01 per share, totaling $150.0 million in Q4 2025, with a full-year capital return of $375.0 million[29] Guidance and Outlook - The company initiated guidance for 2026 at $5.90 EPS, targeting at least $1.75 for 4Q 2026, and a preliminary outlook of $8.25 for 2027[3] Efficiency and Expenses - Total non-interest expense increased by $4.4 million, or 8%, from Q4 2024, primarily due to legal costs related to a settlement[22] - The efficiency ratio was 42.5% for Q4 2025, compared to 41.8% in Q3 2025 and 40.2% in Q4 2024[23] Asset and Liability Management - Total assets increased to $9,352,425 thousand as of December 31, 2025, up from $8,727,543 thousand a year earlier, representing a growth of 7.15%[35] - Total liabilities increased to $8,662,629 thousand as of December 31, 2025, up from $7,937,760 thousand a year prior, marking a growth of 9.14%[35] - Shareholders' equity decreased to $689,796 thousand from $789,783 thousand year-over-year, a decline of 12.59%[35] Capital Adequacy - The total allowance for credit losses on loans to total loans was 0.93% as of December 31, 2025, compared to 0.96% in September 2025 and 0.73% in December 2024[46] - Total capital to risk-weighted assets ratio was 12.19% as of December 31, 2025, compared to 15.13% in September 2025, indicating a decrease in capital adequacy[48]

Core Viewpoint - Hanover Bancorp, Inc. has appointed Mr. William J. Newham, III as Executive Vice President and Chief Commercial Real Estate Lending Officer, aiming to enhance its commercial real estate lending capabilities in response to industry consolidation [1][2]. Company Overview - Hanover Bancorp, Inc. is the bank holding company for Hanover Community Bank, focusing on personalized banking services and products tailored to client needs [5]. - The bank operates in the metro-New York area, with a commitment to understanding local financial needs and opportunities [5]. Appointment of Mr. Newham - Mr. Newham brings over 20 years of commercial real estate banking experience, particularly in the Long Island and New York metro area, which positions Hanover Bank to better address the CRE lending gap [2][4]. - His relationship-focused approach is seen as a key differentiator in a consolidating banking industry, enhancing Hanover's client-focused banking model [2][3]. Strategic Goals - The appointment reflects Hanover's commitment to disciplined growth and relationship-based banking, aiming to strengthen its commercial real estate lending platform [3]. - The bank's strategy includes managing concentration levels while pursuing attractive opportunities in Suffolk County and Long Island [3]. Mr. Newham's Background - Prior to joining Hanover Bank, Mr. Newham held senior leadership roles at Dime Community Bank and other Long Island financial institutions, where he expanded CRE platforms and gained insights into the Suffolk County market [4]. - His experience is expected to support Hanover's strategy of growing CRE loans and core deposits [3][4]. Client Commitment - Mr. Newham expressed enthusiasm for joining Hanover Bank, emphasizing the organization's values of relationships, local expertise, and thoughtful growth [5]. - The bank aims to provide consistent access to commercial lending and relationship-focused banking solutions for clients in Suffolk County and across Long Island [5].