Financial Performance - Total revenue for Q4 2025 was $346.367 million, a 10% increase compared to Q4 2024's $353.850 million[7] - Net income for Q4 2025 was $78.733 million, representing a 30% increase from $71.413 million in Q4 2024[7] - The diluted net income per share (GAAP) rose to $0.70, an increase of 13% from $0.63 in Q4 2024[7] - Net income for the fourth quarter of 2025 was $86,455, compared to $75,804 in the same quarter of 2024, reflecting a year-over-year increase of 8.7%[11] - Total revenue for the twelve months ended December 31, 2025, reached $1,063,152, an increase from $952,124 in 2024, marking an 11.7% growth[11] - Net income for the year ended December 31, 2024, was $328,095 million, compared to $252,397 million in 2023, reflecting a year-over-year increase of 29.9%[14] Revenue Components - Net interest revenue increased by 13% year-over-year to $237.926 million from $233.629 million in Q4 2024[7] - Net interest revenue for the fourth quarter of 2025 was $237,926, up from $210,333 in the fourth quarter of 2024, indicating a growth of 13.2%[11] - Noninterest income for the year-to-date (YTD) was $154.045 million, a 23% increase compared to $124.756 million in the previous year[7] - Total noninterest income for the twelve months ended December 31, 2025, was $154,045, compared to $124,756 in 2024, showing a significant increase of 23.5%[11] - Noninterest income for the year ended December 31, 2024, was $154,045 million, an increase from $124,756 million in 2023, representing a growth of 23.5%[14] Asset and Liability Management - Total loans increased to $19.384 billion, up from $18.176 billion in Q4 2024, marking a year-over-year growth of $1.208 billion[8] - Total assets increased to $28,002,554, up from $27,720,258 in the previous year, representing a growth of 1.02%[10] - Total assets reached $28,317,078 million in 2025, an increase from $27,854,820 million in 2024, marking a growth of 1.67%[12] - Total deposits increased to $23,798,430, up from $23,460,975 in the previous year, reflecting a growth of 1.4%[10] - Total liabilities increased to $24,697,436 million in 2025, up from $24,453,514 million in 2024, showing a growth of 1.00%[12] Efficiency and Profitability - The efficiency ratio (GAAP) improved to 54.40% from 56.69% in Q4 2024, indicating better cost management[7] - The return on common equity (GAAP) for Q4 2025 was 9.48%, up from 9.20% in Q4 2024[7] - The net interest margin (FTE) improved to 3.62% in 2025, up from 3.26% in 2024, indicating a positive trend in profitability[12] - The net interest-rate spread (FTE) improved to 2.88% in 2025, up from 2.31% in 2024, reflecting enhanced efficiency in interest income generation[12] - The company reported a return on common equity (GAAP) of 9.48% for the fourth quarter of 2024, compared to 8.45% in the fourth quarter of 2023, demonstrating improved profitability[14] Credit Quality - Nonperforming assets (NPAs) decreased to $93.498 million from $115.635 million in the previous year, reflecting improved asset quality[7] - Total nonaccrual loans amounted to $91,098, a decrease from $96,443 in the previous quarter, indicating a reduction of 5.4%[9] - The provision for credit losses for the fourth quarter of 2025 was $13,662, compared to $11,389 in the fourth quarter of 2024, representing a 20% increase[11] - Net charge-offs for the fourth quarter of 2025 totaled $16,418, compared to $7,676 in the previous quarter, indicating a significant increase of 113.3%[9] - Provision for credit losses was $0.19 for the fourth quarter of 2024, compared to $0.16 in the same quarter of 2023, indicating a slight increase in credit risk management[15] Shareholder Returns - The company declared a cash dividend of $0.25 per common share, an increase from $0.24 in Q4 2024[7] - Basic earnings per share for the fourth quarter of 2025 was $0.71, up from $0.61 in the same quarter of 2024, representing a growth of 16.4%[11] Operational Efficiency - The efficiency ratio (GAAP) improved to 54.40% in the fourth quarter of 2024, compared to 60.24% in the fourth quarter of 2023, showing enhanced operational efficiency[15] - Noninterest expenses (GAAP) for the year ended December 31, 2024, totaled $591,934 million, an increase from $578,167 million in 2023, reflecting a rise of 2.5%[14] - The tangible common equity to tangible assets ratio was 9.92% for the fourth quarter of 2024, up from 8.97% in the fourth quarter of 2023, reflecting a stronger capital position[15] Other Notable Events - The company experienced a loss on the sale of manufactured housing loans amounting to $27,209 million in the fourth quarter of 2024, which was a significant factor affecting overall performance[14]
UNITED COM(UCBIO) - 2025 Q4 - Annual Results