Meta Platforms(META) - 2025 Q4 - Annual Results
2026-01-28 21:04
Revenue Performance - Fourth quarter 2025 revenue was $59.89 billion, a 24% increase year-over-year, while full year revenue reached $200.97 billion, up 22% from 2024 [2]. - Total revenue for 2025 reached $200.966 billion, a 22% increase from $164.501 billion in 2024 [34]. - Advertising revenue for Q4 2025 was $58.137 billion, up 24% from $46.783 billion in Q4 2024 [34]. - Family of Apps segment revenue for Q4 2025 was $58.938 billion, a 24% increase from $47.302 billion in Q4 2024 [32]. Costs and Expenses - Total costs and expenses for Q4 2025 were $35.15 billion, a 40% increase year-over-year, and for the full year, they amounted to $117.69 billion, a 24% increase [5]. - Full year 2026 total expenses are projected to be in the range of $162 billion to $169 billion [7]. Net Income - Net income for Q4 2025 was $22.77 billion, a 9% increase from $20.84 billion in Q4 2024, while full year net income was $60.46 billion, down 3% from $62.36 billion in 2024 [2]. - Net income for Q4 2025 was $22.768 billion, compared to $20.838 billion in Q4 2024, reflecting a 9.3% increase [29]. Cash Flow and Capital Expenditures - Free cash flow for 2025 was $43.585 billion, down from $52.103 billion in 2024 [34]. - Capital expenditures for 2026 are anticipated to be between $115 billion and $135 billion, driven by investments in Meta Superintelligence Labs [8]. Assets and Liabilities - Total assets increased to $366.021 billion in 2025, up from $276.054 billion in 2024, representing a 32.6% growth [27]. - Total liabilities increased to $148.778 billion in 2025, up from $93.417 billion in 2024, marking a 59.5% rise [27]. - Long-term debt stood at $58.74 billion as of December 31, 2025 [5]. User Engagement - Family daily active people (DAP) averaged 3.58 billion in December 2025, representing a 7% year-over-year increase [5]. - Ad impressions across the Family of Apps increased by 18% in Q4 2025 and 12% for the full year [5]. - The average price per ad rose by 6% in Q4 2025 and 9% for the full year [5]. Future Projections - The company expects Q1 2026 total revenue to be between $53.5 billion and $56.5 billion, with a 4% foreign currency tailwind [6].
Nurix Therapeutics(NRIX) - 2025 Q4 - Annual Results
2026-01-28 21:03
[Nurix logo] Exhibit 99.1 Recent Business Highlights Nurix Therapeutics Reports Fourth Quarter and Fiscal Year 2025 Financial Results and Provides a Corporate Update First patients dosed in DAYBreak™ registrational program for bexobrutideg in relapsed/refractory CLL Presented Phase 1 results at ASH 2025 that support bexobrutideg's potential best-in-class profile in relapsed/refractory CLL 83% objective overall response rate and progression free survival of 22.1 months demonstrate durable therapeutic ef ects ...
SEI(SEIC) - 2025 Q4 - Annual Results
2026-01-28 21:03
Financial Performance - SEI reported a 16% increase in diluted EPS to $1.38 for Q4 2025 compared to Q4 2024, with revenues growing by 9% to $607.9 million[3]. - Operating income for Q4 2025 rose by 11% to $161.6 million, resulting in an operating margin of 27%, up from 26% in the previous year[3]. - Full-year revenues reached $2.3 billion, an 8% increase from $2.1 billion in 2024, while net income attributable to SEI Investments increased by 23% to $715.3 million[3]. Segment Performance - The Investment Managers segment saw a 15% revenue increase to $220.8 million in Q4 2025, with operating profit growing by 25%[5]. - Private Banks reported a 7% revenue increase to $149.8 million, with operating profit up 47% to $29.1 million, reflecting strong demand for services[5]. Acquisitions and Strategic Moves - SEI completed the acquisition of Stratos for $440.8 million, enhancing its capabilities in the advisory space and expanding distribution channels[7]. - The company achieved record net sales events of $149.9 million for the year, with Q4 net sales totaling $43.6 million[7]. Asset Management - Assets under administration increased by 3% and assets under management rose by 2% from Q3 to Q4 2025, driven by client wins and market appreciation[7]. - Total assets under management reached $554,611 million by the end of 2025, an increase from $476,713 million in 2024, representing a growth of approximately 16.3%[17]. - Client assets under administration grew to $1,248,721 million in 2025, up from $1,055,943 million in 2024, indicating an increase of about 18.3%[21]. - Total platform assets increased to $126,483 million in Q4 2025, compared to $107,030 million in Q4 2024, a rise of approximately 18.2%[21]. - The average assets under management for equity and fixed-income programs reached $299,047 million in Q4 2025, up from $273,032 million in Q4 2024, reflecting a growth of approximately 9.6%[22]. - Stratos Wealth Holdings managed $38.4 billion in client assets as of November 30, 2025, contributing to the company's overall asset growth strategy[19]. - Stratos Wealth Holdings manages $38.1 billion in client assets as of November 30, 2025[24]. Sales Performance - Total Net Recurring Sales Events for Q4 2025 reached $18.748 million, a decrease from $28.211 million in Q4 2024[26]. - Total Non-Recurring Sales Events for Q4 2025 increased significantly to $24.851 million, compared to $10.008 million in Q4 2024[28]. - Total Sales Events for Q4 2025 amounted to $43.599 million, up from $38.219 million in Q4 2024[30]. - Investment Processing-related Businesses generated $49.576 million in total sales for Q4 2025, a notable increase from $36.359 million in Q4 2024[30]. - Private Banks within Investment Processing-related Businesses reported a substantial increase in sales to $29.079 million in Q4 2025, compared to $15.867 million in Q4 2024[30]. - Asset Management-related Businesses reported a loss of $7.320 million in total sales for Q4 2025, worsening from a loss of $839,000 in Q4 2024[30]. - Investments in New Businesses contributed $1.343 million to total sales in Q4 2025, a decrease from $2.699 million in Q4 2024[30]. - The performance of Private Banks in Asset Management-related Businesses showed a loss of $1.567 million in Q4 2025, compared to a loss of $495,000 in Q4 2024[30]. - The company is focusing on expanding its Investment Processing-related Businesses to enhance overall sales performance[30]. Expenses and Liabilities - Corporate overhead expenses increased by 61% to $62.1 million in Q4 2025, primarily due to severance and M&A-related costs[5]. - Total assets increased to $3,259,844 million in 2025, up from $2,684,606 million in 2024, representing a growth of approximately 21.3%[15]. - Total current assets decreased to $1,273,337 million in 2025 from $1,551,810 million in 2024, a decline of about 17.9%[15]. - Total liabilities rose to $556,068 million in 2025, compared to $432,494 million in 2024, marking an increase of approximately 28.6%[15]. - Shareholders' equity increased to $2,459,817 million in 2025, up from $2,252,112 million in 2024, reflecting a growth of about 9.2%[15].
Origin Bank(OBK) - 2025 Q4 - Annual Results
2026-01-28 21:02
Financial Performance - Net income for Q4 2025 was $29.5 million, or $0.95 diluted EPS, a 242.3% increase from the previous quarter's net income of $8.6 million[1]. - PTPP earnings for the year ended December 31, 2025, were $141.9 million, an increase of $37.2 million, or 35.5%, from the previous year[1]. - Net income for Q4 2025 reached $29,516,000, compared to $8,623,000 in Q3 2025, marking a substantial increase[39]. - The annualized net income for the year ended December 31, 2025, was $117,102,000, compared to $34,211,000 in the previous year, showing a substantial increase[70]. Income and Revenue - Net interest income for Q4 2025 was $86.7 million, reflecting a 3.6% increase compared to the linked quarter, marking the highest level in the company's history[6]. - Noninterest income for Q4 2025 was $16.7 million, a decrease of $9.4 million from the previous quarter, primarily due to a $7.0 million decrease in fair value of equity investments[17]. - Total interest and dividend income for the three months ended December 31, 2025, was $134,644,000, a slight decrease from $136,139,000 in the previous quarter[44]. - Total noninterest income for the quarter was $16,736,000, a decrease from $26,128,000 in the prior quarter, reflecting a decline of approximately 36%[67]. Assets and Loans - Total assets as of December 31, 2025, were $9,724,722,000, a slight decrease from $9,791,306,000 in Q3 2025[39]. - Total loans held for investment were $7.67 billion at December 31, 2025, an increase of $133.8 million, or 1.8%, from September 30, 2025[9]. - Total LHFI, net increased to $7,574,135 thousand in Q4 2025, compared to $7,440,840 thousand in Q3 2025, marking a growth of 1.8%[48]. - Total real estate loans increased to $5,132,885 thousand in Q4 2025, up from $5,123,954 thousand in Q3 2025, reflecting a growth of 0.02%[48]. Deposits and Liabilities - Total deposits were $8.31 billion at December 31, 2025, a decrease of $24.6 million, or 0.3%, compared to the previous quarter[9]. - Total deposits decreased to $8,307,247,000 from $8,331,830,000 in the prior quarter, indicating a slight reduction in customer deposits[46]. - The company’s total liabilities stood at $8,596,874 thousand, showing a slight increase from $8,499,983 thousand in the previous quarter[54]. Equity and Book Value - Book value per common share increased to $40.28 at December 31, 2025, reflecting a 2.7% increase from the previous quarter[9]. - Total stockholders' equity increased to $1,246,685,000 in Q4 2025 from $1,214,756,000 in Q3 2025[39]. - Total common stockholders' equity increased to $1,246,685,000 from $1,214,756,000 in the prior quarter, reflecting a growth of 2.4%[67]. - The tangible book value per common share (non-GAAP) rose to $35.04, up from $33.95 in the previous quarter, representing a 3.2% increase[67]. Credit Quality - Total nonperforming loans decreased by $7.1 million to $81.2 million at December 31, 2025, compared to the previous quarter[14]. - Provision for credit losses decreased significantly to $3,158,000 in Q4 2025 from $36,820,000 in Q3 2025[39]. - The allowance for loan credit losses (ALCL) to total LHFI was 1.26% in Q4 2025, slightly down from 1.28% in Q3 2025[50]. - Net charge-offs decreased by $28.2 million for Q4 2025 compared to the previous quarter, primarily due to a significant reduction in charge-offs related to a specific borrower[16]. Operational Efficiency - The annualized ROAA was 1.19% for Q4 2025, an increase of 84 basis points, or 240.0%, compared to the previous quarter[4]. - Efficiency ratio for Q4 2025 was 60.74%, an increase from 56.48% in Q3 2025[39]. - The core efficiency ratio (non-GAAP) improved to 59.77% from 54.70% in the previous quarter, indicating enhanced operational efficiency[67]. Notable Items and Adjustments - The provision expense related to borrower fraud for the year ended December 31, 2025, amounted to $29,558,000, impacting EPS by $(0.75)[61]. - The total notable items for the year ended December 31, 2025, resulted in a negative impact of $42,824,000 on earnings, translating to a diluted EPS impact of $(1.08)[61]. - The company recognized a positive valuation adjustment on non-marketable equity securities of $6,972,000, contributing $0.18 to EPS[61]. - Operating expenses related to strategic Optimize Origin initiatives for the year ended December 31, 2025, totaled $2,671,000, with sub-lease income of $67,000 included in noninterest income[61].
ORIGIN BANCORP(OBNK) - 2025 Q4 - Annual Results
2026-01-28 21:02
Exhibit 99.1 For Immediate Release ORIGIN BANCORP, INC. REPORTS EARNINGS FOR FOURTH QUARTER AND FULL YEAR 2025 RUSTON, Louisiana (January 28, 2026) - Origin Bancorp, Inc. (NYSE: OBK) ("Origin," "we," "our" or the "Company"), the holding company for Origin Bank (the "Bank"), today announced net income of $29.5 million, or $0.95 diluted earnings per share ("EPS") for the quarter ended December 31, 2025, compared to net income of $8.6 million, or $0.27 diluted EPS, for the quarter ended September 30, 2025. Pre ...
SR Bancorp(SRBK) - 2026 Q2 - Quarterly Results
2026-01-28 21:00
Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: Christopher J. Pribula President and Chief Executive Officer SR Bancorp, Inc. (732) 560-1700, ext. 5205 SR BANCORP, INC. ANNOUNCES QUARTERLY FINANCIAL RESULTS Bound Brook, New Jersey (January 28, 2026) – SR Bancorp, Inc. (the "Company") (NASDAQ: SRBK), the holding company for Somerset Regal Bank (the "Bank"), announced net income of $834,000 for the three months ended December 31, 2025 (unaudited), or $0.11 per basic and diluted share, compared to net income of $1 ...
New Waterstone(WSBF) - 2025 Q4 - Annual Results
2026-01-28 21:00
Exhibit 99.1 Waterstone Financial, Inc. Announces Results of Operations for the Quarter and Twelve Months Ended December 31, 2025. Mortgage Banking Segment WAUWATOSA, WI – 1/28/26– Waterstone Financial, Inc. (NASDAQ: WSBF), holding company for WaterStone Bank, reported net income of $7.7 million, or $0.44 per diluted share, for the quarter ended December 31, 2025 compared to $5.2 million, or $0.28 per diluted share, for the quarter ended December 31, 2024. Net income totaled $7.9 million, or $0.45 per dilut ...
Winchester Bancorp Inc(WSBK) - 2026 Q2 - Quarterly Results
2026-01-28 20:57
Exhibit 99.1 Winchester Bancorp, Inc. Announces Results for the Quarter Ended December 31, 2025 WINCHESTER, MA, January 28, 2026 - Winchester Bancorp, Inc. (NASDAQ-WSBK) (the "Company"), the holding company for Winchester Savings Bank (the "Bank"), today announced its second quarter 2026 financial results. The Company reported net income of $1.1 million or $0.12 per common share compared to a net income of $373,000 for the quarter ended December 31, 2024, an increase of $701,000, or 187.9%, in net income. F ...
Visionary Education Technology (GV) - 2025 Q4 - Annual Report
2026-01-28 20:09
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) or 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ OR SHELL COMPANY REPORT PURSUANT TO SECTION 13 ...
Progressive(PGR) - 2025 Q4 - Annual Results
2026-01-28 19:49
Exhibit 99.1 PROGRESSIVE REPORTS DECEMBER RESULTS MAYFIELD VILLAGE, OHIO -- January 28, 2026 -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month and quarter ended December 31, 2025: | (millions, except per share amounts and ratios; | | | | December | | | | | Quarter | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | unaudited) | | 2025 | | 2024 | Change | | 2025 | | 2024 | Change | | Net premiums written | $ | 6,313 | $ | 5,964 | 6 % | $ | 19,5 ...