Financial Performance - Central Bancompany reported net interest income of $206.5 million for Q4 2025, with a net interest margin of 4.38%[3]. - Full-year net interest income reached $789.7 million, an increase of $102.3 million from the prior year, with a net interest margin of 4.30%[8]. - GAAP net income for Q4 2025 was $107.6 million, or $0.47 per fully diluted share, compared to $97.1 million and $0.44 in the prior quarter[7]. - Noninterest income for Q4 2025 was $65.8 million, up $8.7 million from the prior quarter, driven by increases in wealth management services[13]. - Total interest income for Q4 FY25 was $255.284 million, an increase of 2.6% from Q3 FY25 and 9.7% from Q4 FY24[31]. - Adjusted net income for Q4 FY25 was $107.591 million, a 5.1% increase from Q3 FY25 and a 17.2% increase from Q4 FY24[31]. - Total revenue for Q4 FY25 was $272.234 million, reflecting a 6.4% increase from Q3 FY25 and a 31.9% increase from Q4 FY24[56]. - Adjusted net income (non-GAAP) for FY25 was $402.603 million, up 20.6% from $333.731 million in FY24[60]. - Total revenue for FY25 was $1,021.359 million, representing a 13.8% increase from $897.714 million in FY24[59]. Asset and Liability Management - Total loans held for investment at the end of Q4 2025 were $11.4 billion, reflecting a quarterly increase of $0.1 billion, or 1.0% growth[9]. - Total deposits at December 31, 2025, were $15.9 billion, an increase of approximately $1.1 billion or 7.3% from the prior quarter[10]. - Total assets increased by $1,568,373, reaching $20,751,978, representing an 8.2% increase compared to the previous quarter and a 7.8% increase year-over-year[30]. - Total liabilities increased by $1,068,810 to $16,968,001, representing a 6.7% increase from the prior quarter and a 5.2% increase year-over-year[30]. - Total stockholders' equity rose by $499,563 to $3,783,977, indicating a 15.2% increase from the previous quarter and a 21.6% increase year-over-year[30]. - Total deposits reached $15,009,001, up 1.9% from the previous quarter and 3.4% year-over-year[35]. - Total assets increased to $19,666,237, reflecting a 3.0% increase quarter-over-quarter and a 4.7% increase year-over-year[35]. Credit Quality - The provision for credit losses for Q4 2025 was $3.0 million, with an allowance for credit losses of $149.7 million, representing 1.31% of loans held for investment[11]. - Nonperforming loans at December 31, 2025, were $46.0 million, or 40 basis points of loans held for investment, down from 45 basis points at the end of the prior quarter[19]. - Nonperforming loans decreased to $45,977 thousand in Q4 FY25, down 9.4% from $50,774 thousand in Q3 FY25[34]. - Net charge-offs for Q4 FY25 were $2,841 thousand, a decrease of 17.6% from $3,450 thousand in Q3 FY25[34]. - Allowance for credit losses was $149,674 thousand in Q4 FY25, a slight increase of 0.1% from $149,459 thousand in Q3 FY25[34]. - Provision for credit losses decreased to $3.016 million, down 10.8% from Q3 FY25 and up 15.2% from Q4 FY24[31]. Operational Efficiency - The efficiency ratio improved to 47.0% in Q4 2025, down from 47.7% in the prior quarter[15]. - Efficiency ratio decreased to 47.6% in Q4 FY25, down from 60.5% in Q4 FY24, indicating improved operational efficiency[32]. - The efficiency ratio for Q2 FY25 was 51.7%, up from 49.3% in Q1 FY25, indicating increased operational costs[46]. Capital Management - The CET1 ratio at December 31, 2025, was 28.1%, representing $1.8 billion of excess capital compared to the long-term target of 13.5%[22]. - Tier 1 capital ratio improved to 28.1% in Q4 FY25, up from 23.6% in Q4 FY24, reflecting an 18.8% increase[32]. - The Tier 1 capital ratio for Q2 FY25 was 23.8%, a decrease from 24.4% in Q1 FY25[46]. - Tangible common equity rose to $3.432 billion in Q4 FY25, a 17.1% increase from Q3 FY25 and 24.6% from Q4 FY24[58]. - Book value per share increased to $15.69 in Q4 FY25, a rise of 5.4% from $14.88 in Q3 FY25[32]. Employee Metrics - The number of full-service offices increased by 1.3% to 153, while full-time equivalent employees decreased by 1.2% to 2,905[39]. - The number of full-time equivalent employees increased to 2,929 in Q2 FY25 from 2,918 in Q1 FY25[46].
Central Bancompany(CBC) - 2025 Q4 - Annual Results