Dow(DOW) - 2025 Q3 - Quarterly Results
2025-10-23 11:01
Exhibit 99.1 October 23, 2025 Dow reports third quarter 2025 results 1 • Net sales were $10.0 billion, down 8% year-over-year, reflecting declines in all operating segments. Sequentially, net sales were down 1%, as gains in Industrial Intermediates & Infrastructure were more than offset by declines in Packaging & Specialty Plastics and Performance Materials & Coatings. • Volume decreased 1% year-over-year, as declines in Europe, the Middle East, Africa and India (EMEAI) were partly offset by gains in the U. ...
Atlantic Union Bankshares (AUB) - 2025 Q3 - Quarterly Results
2025-10-23 11:00
Financial Performance - For Q3 2025, Atlantic Union reported net income of $89.2 million and adjusted operating earnings of $119.7 million, with diluted earnings per share of $0.63 and $0.84 respectively[1][2]. - Net income available to common shareholders for Q3 2025 was $89,173,000, significantly higher than $73,448,000 in Q3 2024, marking a 21.4% increase[37]. - Net income for the three months ended September 30, 2025, was $92,140,000, compared to $19,791,000 for the previous quarter and $76,415,000 for the same period last year, reflecting a significant increase[41]. - Adjusted operating earnings for Q3 2025 were $122,693,000, compared to $77,497,000 in Q3 2024, an increase of 58.2%[37]. - Basic earnings per common share for the nine months ended September 30, 2025, was $1.23, down from $1.68 in the same period last year, indicating a decrease of 26.8%[44]. Income and Expenses - Noninterest income decreased by $29.7 million to $51.8 million, primarily due to a pre-tax loss related to the final CRE loan sale settlement[15]. - Noninterest expense decreased by $41.3 million to $238.4 million, mainly due to a reduction in merger-related costs associated with the Sandy Spring acquisition[17]. - Total noninterest expenses for the nine months ended September 30, 2025, were $652,327 thousand, compared to $377,859 thousand for the same period in 2024, reflecting an increase of 72.3%[44]. Assets and Liabilities - Total assets at September 30, 2025, were $37.1 billion, a decrease of approximately 2.3% from the previous quarter, but an increase of 49.5% from the same period last year[21]. - Total liabilities decreased to $32,510,394 thousand from $33,177,602 thousand in the previous quarter[45]. - Total deposits were $30.7 billion, a decrease of 3.9% from the prior quarter but an increase of 51.0% from September 30, 2024, attributed to the addition of acquired deposits from Sandy Spring[25]. Credit Quality - Nonperforming assets (NPAs) as a percentage of total loans held for investment decreased to 0.49%, with total NPAs at $133.2 million, down from $163.4 million in the prior quarter[7][8]. - The allowance for credit losses (ACL) was $320.0 million, a decrease of $22.4 million from the prior quarter, with the ACL as a percentage of total loans held for investment at 1.17%[11][12]. - The total ACL increased by 80.0% year-over-year from $177,628 thousand to $319,986 thousand[39]. Capital and Ratios - Common equity Tier 1 capital ratio improved to 9.92% as of September 30, 2025, compared to 9.77% in the previous quarter and the same period last year[27]. - The leverage ratio (Tier 1 capital to average assets) stood at 8.92% as of September 30, 2025, up from 9.27% a year ago[38]. - Tangible common equity to tangible assets ratio improved to 7.69% from 7.29% year-over-year[38]. Growth Metrics - Total investments reached $5.3 billion, up 44.3% from June 30, 2025, and 50.3% from September 30, 2024, primarily due to the Sandy Spring acquisition[24]. - Average assets for the nine months ended September 30, 2025, were $37,377,383 thousand, compared to $24,613,518 thousand in the same period last year, showing a growth of 51.7%[38]. - The company reported a total of $5,310,629 thousand in securities, up from $3,533,143 thousand a year ago, reflecting a 50.4% increase[38]. Operational Efficiency - The efficiency ratio (FTE) improved to 63.52% in Q3 2025 from 55.44% in Q3 2024, indicating better cost management[37]. - The efficiency ratio improved to 64.28% for the three months ended September 30, 2025, down from 69.42% in the previous quarter and 66.08% a year ago, demonstrating enhanced operational efficiency[41]. Future Outlook - The company plans to hold a conference call on October 23, 2025, to review financial results and recent activities[31]. - The company emphasizes the importance of non-GAAP financial measures for understanding ongoing operations and performance trends[33].
Popular(BPOP) - 2025 Q3 - Quarterly Results
2025-10-23 11:00
Exhibit 99.1 Popular, Inc. Announces Third Quarter 2025 Financial Results 1 • Net income of $211.3 million in Q3 2025, compared to net income of $210.4 million in Q2 2025. • Earnings per share ("EPS") of $3.15 in Q3 2025 vs. $3.09 in Q2 2025. • Net interest income of $646.5 million in Q3 2025, an increase of $15.0 million compared to Q2 2025: • Net interest margin of 3.51% in Q3 2025, compared to 3.49% in Q2 2025; net interest margin on a taxable equivalent basis of 3.90% in Q3 2025, compared to 3.85% in Q2 ...
AAG(AAL) - 2025 Q3 - Quarterly Results
2025-10-23 11:00
Exhibit 99.1 Corporate Communications mediarelations@aa.com Investor Relations investor.relations@aa.com FOR RELEASE: Thursday, Oct. 23, 2025 American produced third-quarter revenue of $13.7 billion. Year-over-year unit revenues improved sequentially throughout the quarter with September producing positive unit revenue growth. Premium unit revenue growth year over year continues to outperform the main cabin. The company remains focused on executing its strategic priorities and delivering on its revenue pote ...
Iridium(IRDM) - 2025 Q3 - Quarterly Results
2025-10-23 11:00
FOR RELEASE Thursday, October 23, 2025 Investor Contact: Press Contact: Kenneth Levy Iridium Communications Inc. +1 (703) 287-7570 ken.levy@iridium.com Jordan Hassin Iridium Communications Inc. +1 (703) 287-7421 jordan.hassin@iridium.com Net income was $37.1 million, or $0.35 per diluted share, for the third quarter of 2025, as compared to net income of $24.4 million, or $0.21 per diluted share, for the third quarter of 2024. Operational EBITDA ("OEBITDA") for the third quarter was $136.6 million, as compar ...
Civista Bancshares(CIVB) - 2025 Q3 - Quarterly Results
2025-10-23 11:00
Financial Performance - Net income for Q3 2025 was $12.8 million, a 53% increase from $8.4 million in Q3 2024, and a 16% increase from $11.0 million in Q2 2025[2] - Diluted earnings per common share rose to $0.68, up 28% from $0.53 in Q3 2024, and down from $0.71 in Q2 2025[2] - Net income for the nine months ended September 30, 2025, was $33,943,000, a 55.9% increase from $21,790,000 in the same period of 2024[53] - The return on average assets improved to 1.22% in Q3 2025, compared to 0.83% in Q3 2024, indicating enhanced asset efficiency[67] - The return on average equity for the same period was 10.70%, up from 8.73% a year earlier, demonstrating stronger profitability for shareholders[67] Income and Revenue - Net interest income increased by $5.3 million, or 18.2%, to $34.5 million compared to Q3 2024[12] - Noninterest income for Q3 2025 totaled $9.6 million, a decrease of 4.6% compared to the same period last year[18] - Total noninterest income increased to $9,633 million in Q3 2025 from $10,099 million in Q3 2024, showing a decrease of 4.6% year-over-year[68] - Total interest income for the three months ended September 30, 2025, was $55,240 million, an increase from $52,741 million in the same period last year, representing a growth of 9.5%[66] Efficiency and Ratios - Efficiency ratio improved to 61.4%, compared to 70.5% in Q3 2024 and 64.5% in Q2 2025, marking the fifth consecutive quarter of improvement[2] - The effective income tax rate for Q3 2025 was 18.5%, up from 15.6% in Q3 2024[23] - The equity to asset ratio improved to 12.13% as of September 30, 2025, from 9.48% as of December 31, 2024[55] - The Tier 1 leverage ratio improved to 10.96% from 8.80% in the previous quarter[74] Assets and Liabilities - Total assets as of September 30, 2025, were $4.1 billion, a decrease of 1.7% from June 30, 2025, but an increase of 0.4% from December 31, 2024[9] - Total loans at the end of the period reached $3,095,994, a slight increase of 0.5% from $3,081,230[48] - Total deposits increased to $3.2 billion, up 1.1% from June 30, 2025, and 0.6% from December 31, 2024[10] - Total shareholders' equity increased to $499.0 million as of September 30, 2025, up by $94.9 million from June 30, 2025[24] Expenses - Compensation expense decreased by $0.7 million for Q3 2025 compared to Q3 2024, primarily due to increased deferral of salaries related to loan originations[8] - Noninterest expense for the nine months ended September 30, 2025, was $82,935, a decrease of 1.5% from $84,225 in 2024[47] - Noninterest expense for the three months ended September 30, 2025, was $28,327 thousand, slightly down from $28,394 thousand in the same period last year, indicating cost management efforts[69] Mergers and Acquisitions - The company announced a definitive merger agreement to acquire The Farmers Savings Bank, expected to close in November 2025[8] - The merger with The Farmers Savings Bank is expected to close in November 2025, pending shareholder approval[27] - Non-recurring adjustments negatively impacted net income by approximately $0.7 million on a pre-tax basis due to acquisition-related expenses from the merger with The Farmers Savings Bank[85] Credit Quality - The allowance for credit losses to loans ratio was 1.30% as of September 30, 2025, compared to 1.29% at December 31, 2024[17] - Provision for credit losses decreased to $378,000 for the three months ended September 30, 2025, compared to $1,346,000 in the same period of 2024, reflecting improved asset quality[53] - Non-performing assets totaled $22,804,000 as of September 30, 2025, down from $32,852,000 as of December 31, 2024, indicating a reduction in credit risk[54]
Donnelley Financial Solutions(DFIN) - 2025 Q3 - Quarterly Results
2025-10-29 11:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION 391 Steel Way Lancaster, Pennsylvania 17601 (Address of Principal Executive Offices) (Zip Code) WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): October 23, 2025 Donnelley Financial Solutions, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware (State or Other Jurisdiction of Incorporation) (Commission File Number) ☐ Pre-comm ...
Tractor Supply(TSCO) - 2025 Q3 - Quarterly Results
2025-10-23 11:00
"The Tractor Supply team delivered a strong third quarter. This performance was driven by ongoing share gains, agile execution through an extended summer season and healthy transaction growth," said Hal Lawton, President and Chief Executive Officer of Tractor Supply. "Our results were in line with our expectations and reflect the unwavering commitment of our 52,000 Team Members who live Life Out Here every day." "As we enter the fourth quarter, we are well positioned for the fall and winter seasons, operati ...
T-Mobile(TMUS) - 2025 Q3 - Quarterly Results
2025-10-23 11:00
EXHIBIT 99.2 | 3 | Highlights | | --- | --- | | 4 | Customer Metrics | | 7 | Financial Metrics | | 13 | Capital Structure | | 14 | Guidance | | 15 | Contacts | | 16 | Financial and Operational Tables | Postpaid Accounts (in thousands) During Q2 2025, we acquired 85,000 postpaid accounts from Lumos. During Q3 2025, we acquired 1,448,000 postpaid accounts, net of certain base adjustments, through the UScellular acquisition. During Q3 2025, we acquired 633,000 postpaid accounts from Metronet and other acquisit ...
Garrett Motion (GTX) - 2025 Q3 - Quarterly Results
2025-10-23 10:58
Exhibit 99.1 Garrett Motion Reports Third Quarter 2025 Financial Results, Raises Midpoint Outlook, Increases Dividend, Executes Partial Debt Repayment Third Quarter 2025 Financial Highlights Third Quarter 2025 Business Highlights PLYMOUTH, Mich. and ROLLE, Switzerland, October 23, 2025 – Garrett Motion Inc. (Nasdaq: GTX) ("Garrett" or the "Company"), a leading differentiated automotive technology provider, today announced its financial results for the three months ended September 30, 2025. Additionally, the ...