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ConnectOne Bancorp(CNOB) - 2025 Q4 - Annual Results
2026-01-29 12:30
Financial Performance - Net income available to common stockholders for Q4 2025 was $38.0 million, down from $39.5 million in Q3 2025, but up from $18.9 million in Q4 2024[2]. - Diluted earnings per share for Q4 2025 were $0.75, compared to $0.78 in Q3 2025 and $0.49 in Q4 2024[2]. - Net income for the year ended December 31, 2025, was $80,443 thousand, compared to $73,793 thousand in 2024, indicating an increase of about 9%[25]. - Basic earnings per common share increased to $1.64 for the year ended December 31, 2025, from $1.77 in 2024, showing a decrease of approximately 7.3%[25]. - Operating net income for Q4 2025 was $43,531,000, an increase from $37,018,000 in Q3 2025, representing a growth of 17.0%[30]. Asset and Deposit Growth - Total assets increased to $14.0 billion as of December 31, 2025, compared to $9.9 billion a year earlier, primarily due to the merger with FLIC[16]. - Total assets as of December 31, 2025, were $14,002,700, a slight decrease from $14,023,585 as of September 30, 2025[27]. - Total deposits reached $11,240,615 thousand in 2025, up from $7,820,114 thousand in 2024, representing an increase of about 43.5%[24]. - Total deposits decreased to $11,240,615 as of December 31, 2025, from $11,369,295 as of September 30, 2025, a decline of 1.14%[27]. Loan and Credit Quality - Loans and client deposits grew sequentially by more than 5% annualized, excluding a reduction of over $280 million in brokered deposits[5]. - Nonperforming assets as a percentage of total assets were 0.33% as of December 31, 2025, down from 0.58% a year earlier[14]. - The allowance for credit losses increased to $154.3 million as of December 31, 2025, reflecting the FLIC merger[15]. - Provision for credit losses decreased to $47,000 thousand in 2025 from $13,800 thousand in 2024, indicating a reduction of about 65.5%[25]. - Net loan charge-offs for the quarter were $4,777 thousand, a decrease from $5,136 thousand in the prior quarter[32]. Interest Income and Margin - Net interest margin widened by 16 basis points to 3.27% in Q4 2025, benefiting from a 4.5% increase in fully taxable equivalent net interest income to $107.8 million[8]. - Interest income for the year ended December 31, 2025, was $644,868 thousand, up from $517,889 thousand in 2024, reflecting a growth of approximately 24.5%[25]. - Net interest income for Q4 2025 was $106,595,000, an increase from $102,017,000 in Q3 2025, representing a growth of 5.6%[28]. - Net interest margin improved to 3.27% in Q4 2025 from 3.11% in Q3 2025, indicating better asset utilization[30]. Noninterest Income and Expenses - Noninterest income for Q4 2025 was $6.0 million, significantly lower than $19.4 million in Q3 2025, primarily due to nonrecurring items in the previous quarter[10]. - Noninterest income for the year ended December 31, 2025, was $35,065 thousand, compared to $16,728 thousand in 2024, reflecting a growth of approximately 109%[25]. - Total noninterest income dropped significantly to $6,020,000 in Q4 2025 from $19,409,000 in Q3 2025, a decline of 69.0%[28]. - Total noninterest expenses decreased to $56,946,000 in Q4 2025 from $58,673,000 in Q3 2025, a reduction of 2.9%[30]. Dividends and Tax Rate - The Company declared a cash dividend of $0.18 per share on common stock, payable on March 2, 2026[7]. - The effective tax rate for Q4 2025 was 26.0%, with an estimated rate of approximately 28.0% for 2026[12]. Strategic Focus - The company plans to continue focusing on expanding its fintech subsidiary, BoeFly, Inc., to enhance its service offerings in the franchise space[21]. - ConnectOne Bancorp, Inc. emphasizes the importance of non-GAAP financial measures to provide additional insights into its operating performance[26].
CONNECTONE BN(CNOBP) - 2025 Q4 - Annual Results
2026-01-29 12:30
Exhibit 99.1 CONNECTONE BANCORP, INC. REPORTS FOURTH QUARTER AND FULL-YEAR 2025 RESULTS NET INTEREST MARGIN WIDENS BY 16 BASIS POINTS PERFORMANCE METRICS GAIN MOMENTUM BRANCH RATIONALIZATION TO RESULT IN 5 CLOSURES CREDIT TRENDS REMAIN SOLID DECLARES COMMON AND PREFERRED DIVIDENDS Englewood Cliffs, N.J., January 29, 2026 (GLOBE NEWSWIRE) – ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the "Company" or "ConnectOne"), parent company of ConnectOne Bank (the "Bank"), today reported net income available to common sto ...
Nasdaq(NDAQ) - 2025 Q4 - Annual Results
2026-01-29 12:29
Exhibit 99.1 Nasdaq Reports Fourth Quarter and Full Year 2025 Results; Annual Results Exceed $5.2B in Net Revenue and $4.0B in Solutions Revenue NEW YORK, January 29, 2026 - Nasdaq, Inc. (Nasdaq: NDAQ) today reported financial results for the fourth quarter and full year of 2025. Fourth Quarter and Full Year 2025 Highlights | | | | Adjusted2 | Organic | | | Adjusted2 | Organic | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | YoY | YoY | YoY | | YoY | YoY | YoY | | (US$ millions, except per sh ...
Lockheed Martin(LMT) - 2025 Q4 - Annual Results
2026-01-29 12:25
Exhibit 99.1 "This notable start to 2026 reinforces our confidence in Lockheed Martin's continued operational and financial growth in the year ahead. We expect sales and reported segment operating profit growth of approximately 5% and 25% year-over-year, respectively, and free cash flow between $6.5 to $6.8 billion, an increase compared to our prior expectation. With a strong emphasis on operational performance and clear alignment with our customers' national defense priorities, we will continue to deliver ...
PulteGroup(PHM) - 2025 Q4 - Annual Results
2026-01-29 12:21
FOR IMMEDIATE RELEASE Company Contact Investors: Jim Zeumer (404) 978-6434 jim.zeumer@pultegroup.com PULTEGROUP REPORTS FOURTH QUARTER 2025 FINANCIAL RESULTS "PulteGroup's fourth quarter and full year financial results reflect our balanced and disciplined approach to the business as we continue to successfully navigate today's continuously shifting market dynamics," said PulteGroup President and CEO, Ryan Marshall. "Inclusive of our strong fourth quarter results, in 2025 PulteGroup delivered 29,572 homes, $ ...
stal Financial (CCB) - 2025 Q4 - Annual Results
2026-01-29 12:15
Exhibit 99.1 COASTAL FINANCIAL CORPORATION ANNOUNCES FOURTH QUARTER 2025 RESULTS Company Release: January 29, 2026 Everett, WA – Coastal Financial Corporation (Nasdaq: CCB) (the "Company", "Coastal", "we", "our", or "us"), the holding company for Coastal Community Bank (the "Bank"), through which it operates a community-focused bank segment ("community bank") with an industry leading banking as a service ("BaaS") segment ("CCBX"), today reported unaudited financial results for the quarter ended December 31, ...
International Paper(IP) - 2025 Q4 - Annual Results
2026-01-29 12:11
Financial Performance - Full-year 2025 net sales were $23.63 billion, a significant increase from $15.84 billion in 2024, representing a year-over-year growth of approximately 49.5%[5] - The company reported a loss from continuing operations of $2.84 billion for the full year 2025, which includes a $2.47 billion pre-tax non-cash goodwill impairment charge[5] - Adjusted EBITDA for the full year 2025 was $2.98 billion, with a target of $3.5 - $3.7 billion for 2026[4][5] - In the fourth quarter of 2025, net sales were $6.01 billion, compared to $3.92 billion in the fourth quarter of 2024, marking a year-over-year increase of approximately 53.5%[8] - Total net earnings (loss) for the twelve months ended December 31, 2025, were $(3,516) million, compared to a profit of $557 million in the previous year[34] - Adjusted Operating Earnings (Loss) for the three months ended December 31, 2025, was $(43) million, compared to $135 million for the same period in 2024, reflecting a significant decline[41] - Adjusted EBITDA from Continuing Operations for the three months ended December 31, 2025, was $758 million, up from $443 million in the same period of 2024[46] Segment Performance - The Packaging Solutions North America segment reported an operating profit of $319 million in Q4 2025, up from a loss of $166 million in Q3 2025[18] - The Packaging Solutions EMEA segment experienced an operating loss of $223 million in Q4 2025, compared to a loss of $58 million in Q3 2025[19] Cash Flow and Capital Expenditures - Cash provided by operating activities for the full year 2025 was $1.70 billion, while free cash flow was $(0.16) billion[5] - Cash provided by operating activities for the twelve months ended December 31, 2025, was $1,698 million, slightly up from $1,678 million in 2024[54] - For the three months ended December 31, 2025, cash provided by operating activities was $905 million, compared to $397 million in the same period of 2024[56] - Free cash flow for the three months ended December 31, 2025, was $255 million, an increase from $137 million in the same period of 2024[56] - Capital expenditures for the twelve months ended December 31, 2025, totaled $1,857 million, up from $921 million in 2024[56] - The company reported capital expenditures of $(1,857) million for the twelve months ended December 31, 2025, compared to $(921) million in 2024, reflecting increased investment in operations[54] Impairments and Special Items - A pre-tax, non-cash goodwill impairment charge of $2.47 billion was recorded as of December 31, 2025, related to the PS EMEA reporting unit[21] - In Q4 2025, net special items resulted in a net after-tax charge of $2.32 billion ($4.41 per diluted share), compared to $53 million ($0.15 per diluted share) in Q4 2024 and $205 million ($0.39 per diluted share) in Q3 2025[22] - The total special items, net for Q4 2025 amounted to $2.32 billion after tax, with significant charges including a $2.196 billion goodwill impairment related to the PS EMEA business segment[22] - An impairment charge of $1.07 billion was recorded in 2025 related to the divestiture of the GCF business due to the fair value being below carrying value[24] Strategic Initiatives - The company plans to create two independent public companies focused on packaging solutions in North America and EMEA, expected to be completed in 12-15 months[20] - The company emphasizes its commitment to delivering innovative, sustainable packaging solutions and strengthening supply chains[29] - The company is focused on achieving synergies and value creation from its recent acquisition of DS Smith, which is part of its long-term growth strategy[31] Risks and Considerations - The company faces various risks including economic conditions, climate change, and geopolitical tensions that could impact future performance[31] - Management emphasizes that free cash flow is a key liquidity measure, indicating cash available for dividends, stock repurchases, and future investments[56] - Management cautions that the entire free cash flow amount should not be inferred as available for discretionary expenditures[56] Financial Reporting and Measures - Non-GAAP financial measures are used by management to provide a clearer understanding of financial results and trends[58] - Investors are advised not to rely solely on non-GAAP measures, as they may not be comparable to similar measures from other companies[57] - The company believes that non-GAAP measures assist in financial, operational, and planning decisions[58] - The preliminary unaudited financial results are subject to change and do not represent a comprehensive statement of the company's annual audited financial results for 2025[28]
OneWater(ONEW) - 2026 Q1 - Quarterly Results
2026-01-29 12:09
Revenue Performance - Revenue for fiscal first quarter 2026 was $380.6 million, an increase of 1.3% compared to $375.8 million in fiscal first quarter 2025[4] - New boat revenue decreased by 5.9% to $233.3 million, while pre-owned boat revenue increased by 24.0% to $70.4 million[4] - The company expects total revenue for fiscal full-year 2026 to be in the range of $1.83 billion to $1.93 billion[10] Profitability - Gross profit totaled $89.4 million, up $5.3 million from $84.1 million, with a gross profit margin of 23.5%, an increase of 110 basis points year-over-year[5] - Net loss for fiscal first quarter 2026 was $(7.7) million, compared to a net loss of $(13.6) million in the same period last year[7] - Adjusted EBITDA increased 88.9% to $3.6 million compared to $1.9 million for fiscal first quarter 2025[8] - Adjusted EBITDA for the trailing twelve months ended December 31, 2025, was $71.808 million, reflecting an increase from $1.907 million in the previous year[20] - Adjusted Net Income (Loss) attributable to OneWater Marine Inc. is calculated by excluding transaction costs and other unusual expenses, providing a clearer view of operational performance[28] Inventory and Debt Management - Total inventory as of December 31, 2025, decreased to $601.5 million from $636.7 million on December 31, 2024, reflecting disciplined inventory management[9] - As of December 31, 2025, total long-term debt was $399.4 million, with adjusted long-term net debt at 5.1 times trailing twelve-month Adjusted EBITDA[9] - Long-term debt, including the current portion, stood at $399.351 million, with adjusted long-term net debt calculated at $367.117 million after accounting for cash[20] - The pro forma adjusted net debt leverage ratio was reported at 5.1x, indicating the company's financial leverage position[20] Strategic Initiatives - The company plans to divest certain Distribution segment assets, with assets held for sale totaling $52.8 million at quarter-end[8] - OneWater Marine operates 95 retail locations and 8 distribution centers across 18 states, positioning itself as a leading premium marine retailer in the U.S.[21] - The company emphasizes diversified revenue streams, including sales of new and pre-owned boats, finance and insurance products, and maintenance services[21] Market Conditions and Risks - Same-store sales are used to assess organic growth in the Dealership segment, excluding new and acquired stores until they reach their thirteenth month of operations[31] - The company faces risks including changes in demand, supply chain challenges, and geopolitical factors that could impact financial performance[23] - Forward-looking statements indicate management's expectations regarding future revenue and growth, though these are subject to uncertainties and risks[22]
Comcast(CMCSA) - 2025 Q4 - Annual Results
2026-01-29 12:08
PRESS RELEASE COMCAST REPORTS 4th QUARTER 2025 RESULTS PHILADELPHIA - January 29, 2026… Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter and year ended December 31, 2025. "2025 was a year of meaningful progress as we made decisive changes to position the company for long-term, sustainable growth," said co-CEOs Brian L. Roberts and Mike Cavanagh. "It was also our best year ever in wireless, with 1.5 million net line additions and more than 9 million total lines, clear evidence of th ...
Sherwin-Williams(SHW) - 2025 Q4 - Annual Results
2026-01-29 12:08
Financial Performance - Consolidated Net sales increased 2.1% year-over-year to $23.57 billion, with Paint Stores Group sales growth led by protective & marine, residential repaint, and commercial segments [6]. - Adjusted diluted net income per share increased by 0.9% to $11.43, while diluted net income per share decreased by 2.7% to $10.26 for the full year 2025 [6]. - Net income for the year ended December 31, 2025, was $2,568.5 million, compared to $2,681.4 million in 2024, reflecting a decrease of 4.2% [29]. - The company reported a diluted net income per share of $10.26 for the year ended December 31, 2025, down from $10.55 in 2024 [29]. - Diluted net income per share for the year ended December 31, 2025, is projected to be between $10.70 and $11.10, with an adjusted diluted net income per share of $11.50 to $11.90 [38]. - The company reported a total EBITDA of $4,480.1 million for the year ended December 31, 2025, with an adjusted EBITDA of $4,608.9 million [40]. Sales and Revenue Growth - The Paint Stores Group reported net sales of $3.127 billion, a 2.7% increase, with same-store sales change of 1.0% [11]. - Consumer Brands Group net sales increased by 24.5% to $824.7 million, driven by the Suvinil acquisition and favorable foreign currency translation [12]. - Performance Coatings Group net sales increased by 3.3% to $1.642 billion, with segment profit rising by 6.8% [14]. - Net sales for Q4 2025 reached $5,595.9 million, a 5.6% increase from $5,297.2 million in Q4 2024 [29]. - The Paint Stores Group generated $3,127.1 million in net sales for Q4 2025, up from $3,044.9 million in Q4 2024 [31]. - The Consumer Brands Group's net sales for Q4 2025 were $824.7 million, a significant increase from $662.2 million in Q4 2024 [31]. Cash Flow and Shareholder Returns - Free cash flow conversion in the fourth quarter was 90.1%, with net operating cash growing 9% to $3.5 billion, representing 14.6% of net sales [4][6]. - The company returned $2.4 billion to shareholders through share repurchases and dividends, marking the 47th consecutive year of dividend increases [8]. - The company declared cash dividends of $789.8 million for the year ended December 31, 2025, compared to $723.4 million in 2024 [42]. Assets and Liabilities - Total assets increased to $25,901.7 million in 2025 from $23,632.6 million in 2024, marking a 9.6% growth [34]. - Current liabilities rose to $6,920.3 million in 2025, compared to $6,808.7 million in 2024 [34]. - Long-term debt increased to $9,320.7 million in 2025 from $8,176.8 million in 2024, indicating a 14.0% rise [34]. Store Expansion and Restructuring - The Paint Stores Group added 80 net new stores in 2025, bringing the total to 4,853 stores [42]. - The Consumer Brands Group experienced a net loss of 27 stores in 2025, maintaining a total of 307 stores [42]. - The Performance Coatings Group had a net loss of 7 branches, resulting in a total of 317 branches [42]. - The company incurred $111.0 million in severance and other restructuring expenses for the year ended December 31, 2025 [40]. Future Outlook - For 2026, the company expects diluted net income per share guidance in the range of $10.70 to $11.10, including acquisition-related amortization expense of $0.80 per share [6][20]. - The company anticipates a continuation of softer demand conditions into the second half of 2026, while aiming to outperform the market through innovative solutions [20].