Workflow
Central Pacific Financial (CPF) - 2025 Q4 - Annual Results
2026-01-28 12:09
Financial Performance - Net income for Q4 2025 was $22.9 million, or $0.85 per diluted share, compared to $18.6 million, or $0.69 in the prior quarter, and $11.3 million, or $0.42 in the same quarter last year[2] - For the full year 2025, net income was $77.5 million, or $2.86 per diluted share, up from $53.4 million, or $1.97 in 2024[2] - Net income for Q4 2025 was $22,875,000, an increase from $18,574,000 in Q3 2025 and $11,345,000 in Q4 2024[46] - Basic earnings per share increased to $0.86 in Q4 2025 from $0.42 in Q4 2024, representing a 104.8% growth[30] - Adjusted net income (non-GAAP) for the year ended December 31, 2025 was $78,647,000, up from $63,423,000 in 2024[48] - Adjusted diluted EPS (non-GAAP) for the year ended December 31, 2025 was $2.91, compared to $2.34 in 2024[48] Revenue and Income Sources - Total revenue for Q4 2025 was $76,288,000, compared to $74,808,000 in Q3 2025 and $58,398,000 in Q4 2024[49] - Total interest income for Q4 2025 was $78,877,000, a slight decrease from $79,959,000 in Q3 2025[35] - Total other operating income for Q4 2025 was $14,201,000, an increase from $13,507,000 in Q3 2025[35] - Net interest income for Q4 2025 totaled $62.1 million, an increase of $0.8 million, or 1.3% from the prior quarter, and an increase of $6.3 million, or 11.3% year-over-year[4] Asset and Liability Management - Total assets as of December 31, 2025, were $7.41 billion, a decrease of $12.2 million, or 0.2% from the prior quarter[11] - Total liabilities were $6,816,660 as of December 31, 2025, a slight decrease from $6,833,412 on September 30, 2025[34] - Total equity increased to $592,581 as of December 31, 2025, from $588,066 on September 30, 2025, representing a growth of 0.3%[34] - Total loans were $5.29 billion at December 31, 2025, a decrease of $78.1 million, or 1.5% from the prior quarter[12] - Total deposits increased to $6,609,764 as of December 31, 2025, compared to $6,577,684 on September 30, 2025, reflecting a growth of 0.5%[34] Efficiency and Ratios - The efficiency ratio improved to 59.88% in Q4 2025, compared to 62.84% in the prior quarter and 75.65% in the same quarter last year[9] - Return on Assets (ROA) for Q4 2025 was 1.25%, up from 1.01% in Q3 2025 and 0.62% in Q4 2024[51] - Return on Equity (ROE) for Q4 2025 was 15.41%, an increase from 12.89% in Q3 2025 and 8.37% in Q4 2024[51] - The leverage ratio for Central Pacific Financial Corp. was 9.8% in Q4 2025, up from 9.3% in Q4 2024[32] - The common equity tier 1 capital ratio increased to 12.7% in Q4 2025 from 12.3% in Q4 2024, reflecting stronger capital position[32] Credit Quality - Provision for credit losses decreased to $2,396,000 in Q4 2025 from $4,172,000 in Q4 2024, reflecting improved asset quality[30] - Nonperforming assets totaled $14.4 million, or 0.19% of total assets, unchanged from the prior quarter[14] - The ratio of allowance for credit losses to total loans remained stable at 1.13% in Q4 2025, consistent with Q4 2024[33] - The company reported net charge-offs of $2,457 thousand for the quarter ended December 31, 2025, compared to $2,658 thousand in the previous quarter, a decrease of 7.6%[42] Shareholder Returns - The Board of Directors declared a quarterly cash dividend of $0.29 per share, an increase of 3.6% from the previous quarter[20] - Cash dividends declared increased to $0.28 per share in Q4 2025, up from $0.27 in Q3 2025[35] - The Company repurchased 529,613 shares of common stock at a total cost of $16.3 million during Q4 2025[18] Non-GAAP Measures - The company utilized non-GAAP financial measures to provide additional insights into its financial performance, excluding certain non-recurring transactions[43] - The tangible common equity (TCE) ratio as of December 31, 2025 was 8.00%, an increase from 7.21% in 2024[51] - Adjusted tangible common equity (non-GAAP) reached $593,748 thousand, reflecting a quarterly increase from $589,233 thousand[52]
Extreme Networks(EXTR) - 2026 Q2 - Quarterly Results
2026-01-28 12:08
Exhibit 99.1 For more information, contact: Investor Relations Media Contact Stan Kovler Amy Aylward 919/595-4196 603/952-5138 Investor_relations@extremenetworks.com pr@extremenetworks.com Extreme Networks Reports Second Quarter Fiscal Year 2026 Financial Results Revenue up 14% year-over-year, seventh consecutive quarter of sequential growth SaaS ARR up 25% YoY Morrisville, NC, January 28, 2026 -- Extreme Networks, Inc. ("Extreme") (Nasdaq: EXTR) today released financial results for its second quarter of fi ...
Corning(GLW) - 2025 Q4 - Annual Results
2026-01-28 12:05
Exhibit 99 FOR RELEASE - Jan. 28, 2026 Corning Announces Outstanding 2025 Financial Results – Upgrades Springboard Plan for Faster Sales Growth on Significantly Enhanced Financial Profile (1) CORNING, N.Y. — Corning Incorporated (NYSE: GLW) today announced its fourth-quarter and full-year 2025 results and provided its outlook for first-quarter 2026. News Summary: Company delivers record results for Q4 and full-year 2025 and expects continued growth in Q1: Since Springboard launch, Corning transformed its fi ...
Littelfuse(LFUS) - 2025 Q4 - Annual Results
2026-01-28 12:03
Financial Performance - Net sales for Q4 2025 were $594 million, representing a 12% increase year-over-year, with organic growth contributing 7%[4] - Full year 2025 net sales reached $2,386 million, a 9% increase year-over-year, with organic growth contributing 6%[4] - Adjusted diluted earnings per share for Q4 2025 were $2.69, while the full year adjusted diluted EPS was $10.68, reflecting a 34% increase year-over-year[4] - For Q1 2026, the company expects net sales in the range of $625 - $645 million, indicating approximately 15% total revenue growth compared to the prior year[5] - The Electronics Segment saw a 21% increase in net sales for Q4 2025, driven by improved passive products and semiconductor demand[7] - The Transportation Segment's net sales increased by 1% in Q4 2025, with organic sales decreasing by 1% due to lower commercial vehicle sales[7] - The Industrial Segment's net sales for Q4 2025 increased by 4%, with the Basler acquisition contributing 5% to growth[11] - Net sales for the three months ended December 27, 2025, were $593.9 million, a 12.2% increase from $529.5 million in the same period last year[22] - YTD-25 net sales increased by 9% compared to YTD-24, with organic growth at 6%[33] Profitability and Expenses - Gross profit for the same period was $225.7 million, up from $176.8 million, reflecting a significant improvement in profitability[22] - Adjusted EBITDA margin for the full year 2025 increased to 22.9%, primarily due to strong passive products and protection volume leverage[11] - The operating margin for the electronics segment improved to 17.3% from 13.0% year-over-year, indicating better operational efficiency[27] - Adjusted EBITDA for Q4-25 was $121.6 million, compared to $83.0 million in Q4-24, marking a 46.4% increase[29] - Total operating expenses surged to $448.6 million, compared to $226.3 million in the same quarter last year, primarily due to restructuring and impairment charges[22] - The operating loss for the quarter was $222.8 million, a significant decline from a loss of $49.5 million in the previous year[22] - Research and development expenses were $27.1 million for the quarter, slightly increasing from $26.5 million year-over-year[22] Cash Flow and Debt - Cash provided by operating activities was $433.8 million, an increase from $367.6 million year-over-year[24] - The company made acquisitions totaling $407.7 million during the fiscal year, impacting cash flows significantly[24] - Free cash flow for Q4-25 was $119.7 million, slightly down from $134.8 million in Q4-24[34] - Consolidated Total Debt as of December 27, 2025, is $802.6 million, with a net debt of $660.3 million[35] - The company’s total funded indebtedness stands at $804.6 million[35] - Cash held in U.S. subsidiaries amounts to $144.3 million, with up to $400 million available for netting under the Credit Agreement[36] Impairment and Charges - The company recorded a non-cash goodwill impairment charge of $301 million related to the Semiconductor Products business within the Electronics Segment[4] - A non-cash goodwill impairment charge of $301.2 million was recorded in Q4 2025 related to the Electronics-Semiconductor reporting unit[39] - The company recognized impairment charges totaling $92.6 million in Q4 2024, primarily related to intangible assets and goodwill[39] - The company recorded a $0.3 million loss related to the sale of the Marine business within the Transportation segment in 2025[41] Dividends and Shareholder Returns - The company plans to pay a cash dividend of $0.75 per share on March 5, 2026, to shareholders of record as of February 19, 2026[11] Taxation - The effective tax rate for Q4-25 was (5.6)%, significantly lower than (21.3)% in Q4-24[34]
Stifel(SF) - 2025 Q4 - Annual Results
2026-01-28 12:01
Exhibit 99.2 | | | | | Three Months Ended | | | Year Ended | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | (Unaudited, 000s, except per share information) | 12/31/2025 | | 12/31/2024 | % Change | 9/30/2025 | % Change | 12/31/2025 | 12/31/2024 | % C | | Net revenues | | $ 1,560,579 $ 1,364,682 | | | 14.4% $ 1,429,396 | | 9.2% $ 5,529,730 $ 4,970,320 | | | | Net income $ | | 264,361 $ | 244,005 | 8.3% $ | 211,371 | 25.1% $ | 683,779 $ | 731,379 | | | Preferred dividends | | 9,320 | 9,320 ...
Lennox International(LII) - 2025 Q4 - Annual Results
2026-01-28 11:56
Exhibit 99.1 Lennox Reports Fourth Quarter and Full Year 2025 Results; Provides Full Year 2026 Guidance ____________________________________________________________________________ Q4 Highlights (All comparisons are year-over-year, unless otherwise noted) (Reflects change in accounting method from LIFO to FIFO, effective 4Q 2025) • GAAP diluted EPS $4.07 – Adjusted diluted EPS down 22% to $4.45 2025 Full Year Highlights (All comparisons are year-over-year, unless otherwise noted) (Reflects change in account ...
ADP(ADP) - 2026 Q2 - Quarterly Results
2026-01-28 11:55
Second Quarter Segment Results ADP Reports Second Quarter Fiscal 2026 Results ROSELAND, N.J. – January 28, 2026 – ADP (Nasdaq: ADP), a global leader in HR and payroll solutions, today announced its second quarter fiscal 2026 financial results and updated its fiscal 2026 outlook. Second Quarter Fiscal 2026 Consolidated Results Compared to last year's second quarter, revenues increased 6% to $5.4 billion and 5% on an organic constant currency basis. Net earnings increased 10% to $1.1 billion, and adjusted net ...
MSCI(MSCI) - 2025 Q4 - Annual Results
2026-01-28 11:46
Financial Performance - Operating revenues for Q4 2025 were $822.5 million, an increase of 10.6% compared to Q4 2024[5] - Adjusted EPS for Q4 2025 was $4.66, up 11.5% year-over-year, while diluted EPS decreased by 2.3% to $3.81[5] - Operating income for Q4 2025 was $463.6 million, up 14.4%, with an operating margin of 56.4%[9] - Adjusted EBITDA for Q4 2025 was $512.0 million, a 13.2% increase, with an adjusted EBITDA margin of 62.2%[13] - Net income for Q4 2025 was $284,669,000, a decrease of 6.8% from $305,515,000 in Q4 2024[72] - Total operating revenues for Q4 2025 reached $822,528,000, reflecting a 10.6% increase from $743,509,000 in Q4 2024[74] - Adjusted EBITDA for Q4 2025 was $512,002,000, up 13.2% from $452,254,000 in Q4 2024[74] - Net income for the year ended December 31, 2025, was $1,202,305, compared to $1,109,128 in 2024, reflecting an increase of about 8.4%[70] - Free cash flow for the year ended December 31, 2025, was $1.458585 billion, an increase from $1.386509 billion in 2024, with a forecast of $1.470 billion to $1.530 billion for 2026[87] Revenue Breakdown - Recurring subscription revenues increased by 7.5%, and asset-based fees rose by 20.7% in Q4 2025[5] - New recurring subscription sales grew by 11.7%, with an organic recurring subscription Run Rate growth of 7.7%[5] - Sustainability and Climate segment revenues were $90.3 million, up 5.9%, driven by growth in recurring subscriptions related to Ratings and Climate products[22] - The Index segment's operating revenues reached $479.1 million, a 14.0% increase, with organic operating revenue growth also at 14.0%[15] - Total operating revenues for All Other – Private Assets reached $70.9 million, an increase of 8.4% year-over-year, driven by growth in recurring subscriptions[23] - Recurring subscriptions contributed $70.3 million to operating revenues, up 9.4% from the previous year, with organic operating revenue growth at 6.6%[23] Cash and Debt Management - Cash and cash equivalents stood at $515.3 million, with a target minimum cash balance of $225.0 million to $275.0 million for operational purposes[26] - Total outstanding debt was $6.2 billion, with a total debt to adjusted EBITDA ratio of 3.3x, within the target range of 3.0x to 3.5x[27] - Capital expenditures (Capex) for the quarter were $36.3 million, while net cash provided by operating activities increased by 16.4% to $501.1 million[29] - The company declared a cash dividend of $2.05 per share for Q1 2026, with approximately $134.7 million in dividends paid in Q4 2025[31] Future Guidance - Full-Year 2026 guidance includes operating expenses of $1,490 to $1,530 million and free cash flow of $1,470 to $1,530 million[34] - The company anticipates consolidated adjusted EBITDA expenses for 2026 to be between $1.305 billion and $1.335 billion[85] Customer Metrics - The annualized retention rate is derived by subtracting the cancellation rate from 100%, providing insight into customer loyalty and subscription stability[55] - The total retention rate improved to 93.4% for the three months ended December 31, 2025, up from 93.1% in 2024[79] Asset Management - Total assets as of December 31, 2025, amounted to $5,702,459, an increase from $5,445,439 in 2024, showing a growth of approximately 4.7%[71] - Long-term debt increased to $6,202,286 as of December 31, 2025, compared to $4,510,816 in 2024, indicating a significant rise in leverage[71] - Deferred revenue as of December 31, 2025, was $1,231,776, up from $1,123,423 in 2024, indicating growth in future revenue recognition[71] - Approximately three-fifths of the assets under management (AUM) are invested in securities denominated in currencies other than the U.S. dollar, which may impact revenue due to foreign currency fluctuations[68] Capital Expenditures - Total capital expenditures for the year ended December 31, 2025, were $129.861 million, with capitalized software development costs at $90.542 million[87]
Stellar Bancorp(STEL) - 2025 Q4 - Annual Results
2026-01-28 11:46
Exhibit 99.1 PRESS RELEASE STELLAR BANCORP, INC. REPORTS FOURTH QUARTER 2025 RESULTS HOUSTON, January 28, 2026 - Stellar Bancorp, Inc. (the "Company" or "Stellar") (NYSE: STEL) today reported net income of $26.1 million, or diluted earnings per share of $0.51, for the fourth quarter of 2025 and net income of $102.9 million, or diluted earnings per share of $1.99, for the full year 2025. Financial Highlights Year 2025 Results Net interest income for 2025 decreased $6.4 million, or 1.6%, to $401.6 million fro ...
Prosperity Bancshares(PB) - 2025 Q4 - Annual Results
2026-01-28 11:45
Financial Performance - Net income for Q4 2025 was $139.9 million, an increase of 7.6% from $130.1 million in Q4 2024, with diluted earnings per share rising to $1.49 from $1.37[4][11] - For the year ended December 31, 2025, net income was $542.8 million, a 13.2% increase from $479.4 million in 2024, with diluted earnings per share rising to $5.72 from $5.05[6][20] - Net income for the three months ended December 31, 2025, was $139,907,000, an increase from $137,556,000 in the previous quarter[72] - Net income excluding merger-related provisions and expenses for Q4 2025 was $137,312 million, slightly down from $137,605 million in Q3 2025[104] - The company’s net income for the year-to-date period reached $542,843 million, compared to $479,386 million for the same period last year, indicating a growth of 13.2%[104] Deposits and Loans - Total deposits increased by $700.4 million during Q4 2025, representing a 10.1% annualized growth rate[6][26] - Total deposits increased to $28,482,484 thousand at the end of December 2025, up from $27,782,094 thousand at the end of September 2025[67] - Total loans held for investment amounted to $20,486,415 thousand as of December 31, 2025, a decrease from $20,738,294 thousand on September 30, 2025[67] - The loan to deposit ratio decreased to 76.6% from 79.3% in the previous quarter, indicating a tighter lending environment[93] - Loans held for investment amounted to $20,603,235,000 for the three months ended December 31, 2025, with an interest yield of 5.83%[79] Mergers and Acquisitions - The company completed the merger with American Bank Holding Corporation on January 1, 2026, enhancing its market presence[4][5] - Prosperity Bancshares announced the acquisition of Stellar Bancorp, which will elevate its deposit rank in Houston from 9th to 5th, making it the largest Texas-based bank in the market[6][9] - Prosperity Bancshares signed a definitive merger agreement with Stellar Bancorp, Inc., which reported total assets of $10.807 billion as of December 31, 2025[34] - Prosperity Bancshares also announced a merger agreement with Southwest Bancshares, Inc., which had total assets of $2.426 billion as of December 31, 2025[36] - The total consideration for the Stellar acquisition is valued at approximately $2.002 billion, based on a closing price of $72.90 on January 27, 2026[35] Asset Management - As of December 31, 2025, Prosperity Bancshares had total assets of $38.463 billion and operated 301 full-service banking locations[43] - Total assets reached $38,463,425 thousand at the end of December 2025, compared to $38,330,469 thousand at the end of September 2025[67] - The company reported a total of $1,950,000 thousand in other borrowings as of December 31, 2025, down from $2,400,000 thousand on September 30, 2025[67] - Total assets were reported at $37,665,928 thousand in Q4 2025, a decrease from $39,627,399 thousand in Q4 2024[91] - The company maintains goodwill of $3,503,127 thousand as of December 31, 2025, unchanged from previous periods[67] Noninterest Income and Expenses - Noninterest income for Q4 2025 was $42.8 million, up from $39.8 million in Q4 2024, driven by increases in service charges and other noninterest income[6][13] - Noninterest expense decreased to $138.7 million in Q4 2025 from $141.5 million in Q4 2024, primarily due to a reversal of the 2024 FDIC special assessment[6][19] - Total noninterest income increased to $42,780,000 from $41,238,000 in the prior quarter[71] - Total noninterest expense remained stable at $138,712,000 compared to $138,635,000 in the previous quarter[71] - Noninterest income rose to $42,780 from $42,982, a slight decrease of 0.5%[106] Credit Quality - Nonperforming assets were reported at $150.8 million, or 0.46% of quarterly average interest-earning assets, reflecting a slight increase from 0.36% in Q3 2025[6][27] - The allowance for credit losses on loans was $371.4 million, with a ratio of 1.53% of total loans, showing a decrease from 1.59% in Q4 2024[6][29] - Nonperforming assets to average interest-earning assets ratio increased to 0.46% from 0.36% in the previous quarter[101] - Net charge-offs for the year ended December 31, 2025, were $18.1 million, an increase of 23.9% compared to $14.6 million for the year ended December 31, 2024[31] - Nonperforming assets to loans and other real estate ratio rose to 0.69%, up from 0.54% in the prior quarter[101] Shareholder Returns - Prosperity Bancshares declared a cash dividend of $0.60 per share for the first quarter of 2026, payable on April 1, 2026[32] - A stock repurchase program was announced to acquire up to 5% of outstanding common stock, approximately 4.87 million shares, over one year[33] - Cash dividends paid per common share increased to $0.60 from $0.58 in the previous quarter[72] - Tangible book value per share rose to $43.64 in Q4 2025, compared to $43.23 in Q3 2025[105] - Average shareholders' equity increased to $7,668,802 million in Q4 2025 from $7,657,978 million in Q3 2025[105]