First Guaranty Bank(FGBI) - 2025 Q4 - Annual Results
2026-01-28 21:30
EXHIBIT 99.1 January 28, 2026 NEWS FOR IMMEDIATE RELEASE CONTACT: ERIC J. DOSCH, CFO 985.375.0308 First Guaranty Bancshares, Inc. Announces Fourth Quarter and Fiscal Year 2025 Results Hammond, Louisiana, January 28, 2026 – First Guaranty Bancshares, Inc. ("First Guaranty") (NASDAQ: FGBI), the holding company for First Guaranty Bank, announced its unaudited financial results for the quarter and year ending December 31, 2025. Forward-Looking Statements This report contains forward-looking statements within th ...
FIRST GTY BANCSH(FGBIP) - 2025 Q4 - Annual Results
2026-01-28 21:30
Financial Performance - Net income for Q4 2025 was $2.5 million, an increase of $1.5 million from $1.0 million in Q4 2024[2] - The company reported a net loss of $56,022,000 for the year ended December 31, 2025, compared to a net income of $12,448,000 in 2024[12] - Earnings per common share for 2025 was $(4.17), a significant decline from $0.81 in 2024[12] - Noninterest income for the year ended December 31, 2025, was $8,476,000, down from $24,739,000 in 2024, a decrease of 65.73%[12] - Net interest income for 2025 was $86,942,000, slightly down from $88,438,000 in 2024, indicating a decrease of 1.7%[18] Asset and Liability Changes - Total assets increased by $105.6 million to $4.1 billion at December 31, 2025, compared to $4.0 billion at December 31, 2024[2] - Total liabilities increased to $3,670,024,000 in 2025 from $3,452,900,000 in 2024, an increase of 6.3%[18] - Total assets increased to $4,078,321,000 as of December 31, 2025, compared to $3,972,728,000 in 2024, reflecting a growth of 2.66%[10] Loan and Deposit Trends - Total loans decreased by $624.0 million, or 23.2%, to $2.1 billion at December 31, 2025, from $2.7 billion at December 31, 2024[2] - Total deposits increased by $156.6 million, or 4.5%, to $3.6 billion at December 31, 2025, compared to $3.4 billion at December 31, 2024[2] - Net loans decreased to $2,029,047,000 in 2025 from $2,658,969,000 in 2024, a decline of 23.66%[10] Credit Quality and Losses - The allowance for credit losses was 1.97% of total loans at December 31, 2025, up from 1.29% at December 31, 2024[2] - Charge-offs for Q4 2025 totaled $47.8 million, compared to $4.9 million in Q4 2024[3] - Provision for credit losses increased to $81,729,000 in 2025 from $20,034,000 in 2024, an increase of 307.66%[12] - Nonaccrual loans decreased by $48.9 million to $59.6 million at December 31, 2025, from $108.5 million at December 31, 2024[3] Capital and Regulatory Compliance - The capital conservation buffer as of December 31, 2025, was 5.48%, exceeding the minimum requirement of 2.50%[39] - The Tier 1 leverage ratio for the bank was 6.90% as of December 31, 2025, above the minimum requirement of 5.00%[42] - The total risk-based capital ratio for the bank was 13.48% as of December 31, 2025, exceeding the minimum requirement of 10.00%[42] - The bank satisfied the minimum regulatory capital requirements and was classified as well capitalized as of December 31, 2025[41] Shareholder Returns - First Guaranty declared cash dividends of $0.01 per common share for both Q4 2025 and Q4 2024, maintaining 130 consecutive quarterly dividends[8] - Tangible book value per common share decreased to $12.08 as of December 31, 2025, from $16.48 in 2024, a decline of 26.0%[37] Nonperforming Assets - Total nonperforming assets amounted to $95,461 thousand as of December 31, 2025, down from $126,315 thousand in the previous quarter[22] - Nonperforming loans to total loans ratio was 2.92%, down from 5.01% in the previous quarter[22] - Total nonperforming loans were reported at $60,377 thousand, down from $114,265 thousand[22]
Alerus(ALRS) - 2025 Q4 - Annual Results
2026-01-28 21:30
Financial Performance - Alerus Financial Corporation reported a net loss of $33.1 million for Q4 2025, compared to a net income of $16.9 million in Q3 2025[1]. - The company sold $360.1 million of available-for-sale securities, resulting in a one-time pre-tax net loss of $68.4 million[2]. - Adjusted return on average assets for 2025 was 1.35%, with an adjusted efficiency ratio of 64.45%[3]. - The company achieved tangible book value growth of 21.54% from the prior year, with a tangible book value per common share of $17.55[6]. - Earnings per common share for the year ended December 31, 2025, was $0.69, down from $0.84 in 2024, indicating a decrease of approximately 17.9%[42]. - Adjusted net income for Q4 2025 was $21,419 thousand, compared to $17,000 thousand in Q3 2025 and $11,245 thousand in Q4 2024, indicating a year-over-year increase of 90.7%[45]. - Adjusted earnings per common share for the year ended December 31, 2025, was $2.78, up from $1.45 in 2024, marking an increase of 91.0%[46]. Income and Expenses - Net interest income for Q4 2025 was $45.2 million, a 4.7% increase from Q3 2025[11]. - Noninterest (loss) income for Q4 2025 was $(36.9) million, a decrease of $66.4 million, or 225.5%, from Q3 2025, primarily due to a $68.4 million loss on the sale of investment securities[15]. - Noninterest expense for Q4 2025 was $51.9 million, a $1.3 million, or 2.7%, increase from Q3 2025, driven by occupancy and equipment expenses[18]. - Noninterest expense for the year ended December 31, 2025, was $201,227 thousand, up from $180,675 thousand in 2024, reflecting an increase of 11.4%[42]. Asset and Loan Growth - Assets under administration and management grew to a combined $49.8 billion, reflecting strong organic growth in retirement and wealth segments[5]. - Mortgage originations for the full year 2025 were $484.8 million, a 54.4% increase from the previous year[9]. - Total loans held for investment increased by $55.5 million, or 1.4%, to $4.0 billion as of December 31, 2025, driven by increases in consumer and commercial loans[21]. - Average total loans for the year ended December 31, 2025, were $4,047,034 thousand, compared to $3,099,015 thousand in 2024, reflecting a growth of 30.7%[46]. Asset Quality and Credit Losses - Total nonperforming assets increased by $3.6 million, or 5.7%, to $66.5 million as of December 31, 2025[26]. - The allowance for credit losses on loans was $61.9 million, or 1.53% of total loans, as of December 31, 2025, compared to $59.9 million, or 1.50%, as of December 31, 2024[26]. - The provision for credit losses was released by $0.3 million in the fourth quarter of 2025, contrasting with a provision of $12.0 million in the fourth quarter of 2024[28]. - Nonperforming loans totaled $66.1 million, an increase from $59.6 million as of September 30, 2025, and $51.5 million as of June 30, 2025[27]. Capital and Equity - Total stockholders' equity increased to $564.9 million as of December 31, 2025, up by $69.5 million from December 31, 2024, primarily due to a rise in accumulated other comprehensive income[30]. - Common equity tier 1 capital to risk-weighted assets improved to 10.28% as of December 31, 2025, up from 9.91% as of December 31, 2024[31]. - Tangible common equity increased to $445,929 thousand in December 2025 from $429,300 thousand in September 2025, representing a growth of 8.5%[43]. Operational Efficiency - The adjusted efficiency ratio improved to 63.55% in Q4 2025 from 65.22% in Q3 2025 and 68.97% in Q4 2024, indicating enhanced operational efficiency[45]. - The adjusted return on average tangible common equity for Q4 2025 was 21.05%, up from 18.55% in Q3 2025 and 14.89% in Q4 2024, showing significant improvement in profitability[45]. Future Outlook - The company will host a conference call on January 29, 2026, to discuss its financial results[32].
Hexcel(HXL) - 2025 Q4 - Annual Results
2026-01-28 21:30
Hexcel Corporation Two Stamford Plaza| 281 Tresser Blvd., 16 Floor Stamford, CT 06901 USA www.hexcel.com th Exhibit 99.1 | Summary of Results from Operations | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | Quarters Ended | | | | Years Ended | | | | | | | | December 31, | | | | December 31, | | | | | (In millions, except per share data) | | 2025 | | 2024 | % Change | | 2025 | | 2024 | % Change | | Net Sales | $ | 491.3 | $ | 473.8 | 3.7 % | $ | 1,893.9 | $ | ...
Cimpress(CMPR) - 2026 Q2 - Quarterly Results
2026-01-28 21:27
GYM SISTERS RAND OPENI f war 1-17 GYM Herbar fifi GYM Craint BY DOMINIC ISTERS TE YA SISTERS nt <> cimpress Q2 Fiscal Year 2026 Quarterly Earnings Document January 28, 2026 LETTER FROM ROBERT JANUARY 28, 2026 Dear Investor, Cimpress maintained positive momentum in the second quarter of FY2026, achieving our first-ever quarter with revenue above $1 billion, and growing profit year over year. As was the case in Q1, revenue growth continued to outpace our annual revenue growth guidance. Likewise, we have deliv ...
AXIS Capital(AXS) - 2025 Q4 - Annual Results
2026-01-28 21:26
Premiums and Revenues - Gross premiums written for Q4 2025 reached $2,209,707, an increase of 11.9% from $1,975,324 in Q4 2024[18] - Net premiums written increased by 12.9% to $1,383,193 in Q4 2025, compared to $1,225,549 in Q4 2024[18] - Total revenues for the year ended December 31, 2025, were $6,563,678, up from $5,957,651 in 2024, representing an increase of about 10.2%[26] - Gross premiums written for Q4 2025 reached $2,209,707, an increase from $2,124,184 in Q3 2025, contributing to total gross premiums of $9,644,514 for the year 2025, up from $9,005,888 in 2024[28] - Net premiums earned for Q4 2025 reached $1,528,475, an increase from $1,451,883 in Q3 2025, reflecting a growth of approximately 5.5%[23] - Total underwriting revenues for Q4 2025 amounted to $1,532,858, up from $1,458,476 in Q3 2025, leading to total underwriting revenues of $5,737,825 for 2025, compared to $5,336,956 in 2024[28] Income and Expenses - Net income available to common shareholders for the year ended December 31, 2025, was $978,648, down 6.9% from $1,051,536 in 2024[18] - Operating income for Q4 2025 was $249,544, a slight decrease of 0.9% from $251,816 in Q4 2024[18] - Total expenses for the year ended December 31, 2025, amounted to $5,347,500, compared to $4,949,413 in 2024, indicating an increase of about 8.1%[26] - Net income available to common shareholders for Q4 2025 was $282,044, compared to $294,301 in Q3 2025, a decrease of approximately 4.3%[23] - The company reported net investment losses of $14,584,000 in Q4 2025, contrasting with gains of $108,030,000 in Q4 2024[59] Investment Performance - Net investment income for Q4 2025 was $186,992, a decrease of 4.5% from $195,773 in Q4 2024[18] - Net investment income for Q4 2025 was $186,992, slightly up from $184,903 in Q3 2025[23] - Total net investment income for 2025 at $766,903, compared to $759,229 in 2024[28] - The fair value of fixed maturities available for sale increased to $13.02 billion, up from $12.15 billion, a growth of 7.1%[43] - Equity securities at fair value rose to $707.57 million, compared to $579.27 million, reflecting a 22.1% increase[43] Ratios and Returns - Annualized return on average common equity for Q4 2025 was 19.4%, down from 20.7% in Q4 2024[18] - The combined ratio improved to 90.4% in Q4 2025, down from 94.2% in Q4 2024[18] - The combined ratio for Q4 2025 was 90.4%, an increase from 89.4% in Q3 2025, with an annual combined ratio of 89.8% for 2025, down from 92.3% in 2024[28] - The current accident year loss ratio, excluding catastrophe and weather-related losses, was 56.2% in Q4 2025, compared to 55.7% in Q4 2024[18] - The net reserve for losses and loss expenses included $12.3 billion in IBNR, representing 68% of the total reserve[51] Assets and Equity - Total assets increased by 5.4% to $34,461,926 as of December 31, 2025, compared to $32,681,309 in 2024[18] - Shareholders' equity totaled $6.36 billion, slightly down from $6.09 billion, indicating a decrease of 0.4%[41] - Cash and cash equivalents decreased to $1.32 billion from $3.06 billion, a decline of 56.9%[41] - Total investments reached $15.76 billion, up from $15.04 billion, marking a 4.7% increase year-over-year[41] Shareholder Metrics - Book value per diluted common share increased to $77.20 in Q4 2025 from $65.27 in Q4 2024, reflecting a growth of 18.3% year-over-year[56] - Tangible book value per diluted common share rose to $74.71 in Q4 2025, up from $62.97 in Q4 2024, representing a year-over-year increase of 18.8%[57] - Earnings per diluted common share for Q4 2025 increased to $3.67, compared to $3.38 in Q4 2024, marking a growth of 8.6%[59] - The diluted common shares outstanding increased to 75,209 in Q4 2025 from 84,870 in Q4 2024, indicating a reduction in share dilution[57] Losses and Claims - The company reported net losses and loss expenses of $859,427 for Q4 2025, compared to $841,435 in Q3 2025, an increase of approximately 1.1%[23] - Catastrophe and weather-related losses for Q4 2025 were $29,855, compared to $43,659 in Q3 2025, with total losses for 2025 at $159,210, down from $225,996 in 2024[28] - Net losses and loss expenses for the quarter were $859,427 million, compared to $951,314 million in Q4 2024, indicating a reduction in claims[31] Foreign Exchange and Tax - Foreign exchange gains for the year 2025 amounted to $141,983,000, compared to losses of $50,822,000 in 2024, showing a significant turnaround[59] - Bermuda deferred tax benefit in 2025 is due to the derecognition of deferred tax liabilities related to Bermuda corporate income tax, effective December 11, 2025[83] - Bermuda deferred tax benefit in 2024 is due to the recognition of deferred tax assets net of deferred tax liabilities, effective for fiscal years beginning on or after January 1, 2025[83]
Fidelity D & D Bancorp(FDBC) - 2025 Q4 - Annual Results
2026-01-28 21:24
FIDELITY D & D BANCORP, INC. FOR IMMEDIATE RELEASE Date: January 28, 2026 Contacts: Daniel J. Santaniello Salvatore R. DeFrancesco, Jr. 570-504-8035 570-504-8000 FIDELITY D & D BANCORP, INC. REPORTS 2025 FINANCIAL RESULTS Dunmore, PA – Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) and its banking subsidiary, The Fidelity Deposit and Discount Bank ("the Company"), announced its unaudited, consolidated financial results for the three and twelve month periods ended December 31, 2025. Unaudited Financial Informat ...
Logitech(LOGI) - 2026 Q3 - Quarterly Report
2026-01-28 21:23
Sales Performance - Sales for the three and nine months ended December 31, 2025 were $1,421.5 million and $3,755.2 million, respectively, representing a 6% increase compared to $1,340.3 million and $3,544.5 million for the same periods in 2024[118]. - Sales in the Asia Pacific region increased by 14% for the three months and 17% for the nine months ended December 31, 2025, while sales in the Americas decreased by 3% for the nine months[119]. - Total sales for the three months ended December 31, 2025, increased by 6% to $1,421,479,000 compared to $1,340,294,000 for the same period in 2024[140]. - Total sales for the nine months ended December 31, 2025, also increased by 6% to $3,755,238,000 compared to $3,544,545,000 for the same period in 2024[140]. - Sales in the Americas region decreased by 3% for the nine months ended December 31, 2025, primarily due to a decline in Gaming sales[136]. - Sales in the EMEA region increased by 9% for the nine months ended December 31, 2025, driven by sales growth in Keyboards & Combos, Video Collaboration, and Pointing Devices[138]. - Sales in the Asia Pacific region increased by 17% for the nine months ended December 31, 2025, primarily due to growth in Gaming and Tablet Accessories[139]. - Sales of Tablet Accessories increased by 21% for the three months ended December 31, 2025, benefiting from strong demand from the education sector[149]. Financial Metrics - Gross margin for the three months ended December 31, 2025 was 43.2%, an increase of 30 basis points from 42.9% in the same period of 2024[120]. - Gross profit for the three months ended December 31, 2025, was $614,639,000, a 7% increase from $574,441,000 in 2024[152]. - Operating expenses for the three months ended December 31, 2025 were $328.6 million, or 23.1% of sales, down from $339.9 million, or 25.4% of sales, in the same period of 2024[121]. - Operating expenses decreased to $328,625,000 for the three months ended December 31, 2025, from $339,885,000 in 2024, primarily due to a reduction in marketing and selling expenses[155]. - Net income for the three and nine months ended December 31, 2025 was $251.0 million and $567.7 million, respectively, compared to $200.1 million and $487.5 million for the same periods in 2024[123]. Cash Flow and Liquidity - As of December 31, 2025, cash and cash equivalents increased to $1,817.8 million from $1,503.2 million as of March 31, 2025, reflecting a strong liquidity position[173]. - Working capital as of December 31, 2025, was $1,709.1 million, up from $1,491.6 million as of March 31, 2025, driven by increases in cash and accounts receivable[174]. - Net cash provided by operating activities for the nine months ended December 31, 2025, was $834.4 million, an increase from $712.9 million in 2024[182]. - The net cash used in financing activities for the nine months ended December 31, 2025, was $483.7 million, primarily due to share repurchases and cash dividends[183]. - The company believes its historical cash flow generation and available cash balances will provide sufficient liquidity for at least the next 12 months[190]. Share Repurchase and Stock Management - The company repurchased 2.7 million shares for an aggregate cost of $239.1 million during the nine months ended December 31, 2025, under its share repurchase program[187]. - The company plans to target share repurchases of $2 billion over the three-year period ending March 31, 2028, subject to market conditions[187]. - The company’s share repurchase program is expected to remain in effect for three years through July 27, 2026, allowing for opportunistic repurchases[189]. - As of December 31, 2025, the company held a total of 14.0 million shares in treasury stock, including 1.1 million shares repurchased for cancellation and 12.9 million shares for equity incentive plans or potential acquisitions[188]. Risks and Challenges - The company expects continued challenges from macroeconomic conditions, including inflation and supply chain disruptions, which may impact future performance[116]. - The company is exposed to market risk due to adverse changes in currency exchange rates and interest rates, which could materially impact financial results[198]. - Approximately 54% of sales during the three months ended December 31, 2025 were denominated in currencies other than the U.S. Dollar, indicating exposure to foreign exchange fluctuations[135]. - An adverse 10% foreign currency exchange rate change would have resulted in an adverse effect on income before income taxes of approximately $21.1 million as of December 31, 2025[202]. - If the U.S. Dollar had weakened by 10%, the amount recorded in accumulated other comprehensive income related to foreign exchange contracts would have been negatively impacted by approximately $40.0 million as of December 31, 2025[204]. Future Outlook - The ongoing growth in gaming and new ways of working post-pandemic present significant opportunities for the company to expand its product offerings[114]. - The company is focusing on diversifying its manufacturing footprint and supplier ecosystem to mitigate risks associated with component availability and pricing[116]. - The company anticipates that its sales growth rates in constant currency would have been 4% for both the three and nine months ended December 31, 2025, if currency exchange rates had been constant[133]. Taxation - The provision for income taxes for the three months ended December 31, 2025, was $48,091,000, with an effective income tax rate of 16.1%, compared to $45,061,000 and 18.4% in 2024[169]. - The estimated top-up tax for fiscal year 2026 is not material and has been included in the calculation of the annual effective tax rate[171]. Inventory Management - The inventory turnover ratio for the three months ended December 31, 2025, increased to 7.2 from 6.3 in the same period of 2024, indicating improved inventory management[181]. - The company has non-cancelable purchase commitments of $434.7 million for inventory purchases, with a liability of $22.5 million recorded for excess and obsolete inventory as of December 31, 2025[192]. - The company has firm purchase commitments of $20.9 million for capital expenditures related to tooling and equipment for new and existing products as of December 31, 2025[193]. Other Income - Interest income for the three months ended December 31, 2025, was $10,985,000, a decrease of $1,191,000 compared to $12,176,000 in 2024[165]. - For the three months ended December 31, 2025, total other income was $2,131,000, compared to a loss of $1,524,000 for the same period in 2024, marking a significant improvement[166]. Lease Obligations - The remaining terms of the company's non-cancelable operating leases expire in various years through 2036, with no material changes reported[191].
Levi Strauss & (LEVI) - 2025 Q4 - Annual Results
2026-01-28 21:22
Exhibit 99.1 FOR IMMEDIATE RELEASE Investor Contact: Aida Orphan Media Contact: Mark Cazares Levi Strauss & Co. Levi Strauss & Co. (415) 501-6194 (415) 501-7777 Investor-Relations@levi.com NewsMediaRequests@levi.com LEVI STRAUSS & CO. REPORTS FOURTH-QUARTER RESULTS REPORTED NET REVENUES GREW 1%, ORGANIC NET REVENUES UP 5% BROAD-BASED STRENGTH INCLUDING HIGH-SINGLE DIGIT COMPS IN DTC CONTINUING OPERATIONS DILUTED EPS OF $0.40, ADJ DILUTED EPS OF $0.41 STRONG FY 2025 FINANCIAL RESULTS WITH ACCELERATED REVENUE ...
Inuvo(INUV) - 2025 Q4 - Annual Results
2026-01-28 21:22
EXHIBIT 10.3 INUVO, INC. EXECUTIVE EMPLOYMENT AGREEMENT THIS AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT is made this 27th day of January, 2026 (this "Agreement"), between Inuvo, Inc. ("Inuvo" or the "Company"), a Nevada corporation, and Robert C. Buchner ("Executive"). Recitals A. Executive is currently employed as an executive officer under the terms of an Employment Agreement, dated September 30, 2025 (the "Original Agreement"). B. Inuvo wishes to continue to employ Executive on the terms and con ...