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UPS(UPS) - 2025 Q4 - Annual Results
2026-01-27 11:08
Exhibit 99.2 United Parcel Service, Inc. Selected Financial Data - Fourth Quarter (unaudited) | | | | Three Months Ended | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | December 31, | | | | | | | | 2025 | | 2024 | | Change | % Change | | (amounts in millions, except per share data) | | | | | | | | | Statement of Income Data: | | | | | | | | | Revenue: | | | | | | | | | U.S. Domestic Package | $ | 16,756 | $ | 17,312 | $ | (556) | (3.2)% | | International Package | | 5,045 | | 4,923 | | 1 ...
UnitedHealth(UNH) - 2025 Q4 - Annual Results
2026-01-27 11:02
Financial Performance - Consolidated revenues for 2025 were $447.6 billion, representing a 12% growth year-over-year[5] - UnitedHealthcare served 49.8 million consumers in 2025, with revenues increasing 16% to $344.9 billion[7] - Optum expanded revenues by 7% to $270.6 billion, supporting over 123 million consumers across its businesses[7] - The 2026 revenue outlook is set for more than $439.0 billion, with earnings from operations expected to exceed $24.0 billion[5] - Total revenues for the year ended December 31, 2025, reached $447.567 billion, a 11.8% increase from $400.278 billion in 2024[68] - UnitedHealthcare's total revenues for Q4 2025 reached $79,228 million, a 1.37% increase from $78,156 million in Q4 2024[79] - Consolidated revenues for the three months ended December 31, 2025, were $113,215 million, an increase from $100,807 million in the same period of 2024, representing a growth of 11.0%[106] - Adjusted consolidated revenues for the year ended December 31, 2025, reached $448,086 million, compared to $400,498 million in 2024, marking a 11.9% increase[106] Earnings and Profitability - The adjusted medical care ratio for 2025 was 88.9%, reflecting a 340 basis point increase year-over-year[8] - The 2026 earnings outlook is projected to be greater than $17.10 per share, with adjusted earnings expected to exceed $17.75 per share[36] - Net earnings per share for UnitedHealth Group is expected to be greater than $17.10, with adjusted earnings per share projected to exceed $17.75[44] - Adjusted earnings per share for the year ended December 31, 2025, were $16.35, compared to $27.66 in 2024, reflecting a decline of 40.9%[68] - Adjusted net earnings attributable to UnitedHealth Group common shareholders for the three months ended December 31, 2025, was $1,924 million, compared to $6,311 million for the same period in 2024[98] - The adjusted net margin attributable to UnitedHealth Group common shareholders for the year ended December 31, 2025, was 3.1%, compared to 6.1% in 2024[101] Costs and Expenses - Cash flows from operations for 2025 were $19.7 billion, or 1.5 times net income[14] - The company completed a fourth quarter charge of $1.6 billion net of taxes, impacting earnings by $1.78 per share[9] - Medical costs for the year ended December 31, 2025, totaled $313.995 billion, an increase of 18.9% from $264.185 billion in 2024[68] - Operating costs for the year ended December 31, 2025, were $428.603 billion, up from $367.991 billion in 2024, marking a 16.4% increase[68] - Cash flows from operating activities for the year ended December 31, 2025, were $19.697 billion, down from $24.204 billion in 2024, a decrease of 18.6%[74] - Operating costs for the three months ended December 31, 2025, were $16,997 million, up from $12,494 million in 2024, reflecting a rise of 36.5%[106] - Adjusted operating costs for the year ended December 31, 2025, totaled $57,981 million, compared to $51,748 million in 2024, indicating an increase of 11.0%[106] Membership and Consumer Reach - UnitedHealthcare's membership is expected to range between 46.9 million to 47.5 million, indicating a decrease in consumers served[43] - Optum Health is expected to serve approximately 84 million consumers, with fully accountable patients around 4.1 million[52] - The total number of people served by UnitedHealthcare reached 49,760 thousand as of December 31, 2025, compared to 49,345 thousand a year earlier, reflecting a growth in customer base[86] - The number of Medicare Advantage members increased to 8,445 thousand in Q4 2025, up from 7,845 thousand in Q4 2024, indicating growth in this segment[86] - Optum Health served 95 million consumers as of December 31, 2025, down from 100 million a year earlier, indicating a decline in service reach[88] Future Outlook and Strategic Initiatives - UnitedHealth Group plans to continue embracing new technologies and artificial intelligence to enhance care accessibility and affordability[38] - The operating cost ratio for 2026 is expected to be 12.8% +/- 50 basis points, reflecting disciplined cost management[37] - The medical care ratio is estimated at 88.8% ± 50 basis points, while the operating cost ratio is projected at 12.8% ± 50 basis points[44] - Optum's revenue is anticipated to surpass $257.5 billion, with operating earnings expected to exceed $13.2 billion, resulting in an operating margin of around 5.1%[52] - Total UnitedHealth Group revenue is expected to exceed $439 billion, with total operating earnings projected to be greater than $24 billion[41] Challenges and Risks - The company reported a loss of $442 million from net portfolio divestitures and South American impacts for the year ended December 31, 2025[98] - Direct response costs related to a cyberattack amounted to $799 million for the year ended December 31, 2025, impacting overall financial performance[82] - The contract backlog for Optum Insight was $31.1 billion as of December 31, 2025, a decrease from $32.8 billion in the previous year, suggesting potential future revenue challenges[88] - Restructuring and other costs included $2,521 million for the year ended December 31, 2025, primarily due to real estate rationalization and workforce reductions[95]
solo stove(DTC) - 2025 Q4 - Annual Results
2026-01-27 11:01
Financial Results - Solo Brands, Inc. issued a press release on January 26, 2026, providing preliminary unaudited financial results for Q4 2025[5] - The financial results are based on current estimates and are subject to change pending completion of closing and review procedures[6] Company Classification - The Company is classified as an emerging growth company under the Securities Act of 1933[4]
Synchrony(SYF) - 2025 Q4 - Annual Results
2026-01-27 11:01
Exhibit 99.2 SYNCHRONY FINANCIAL FINANCIAL SUMMARY (unaudited, in millions, except per share statistics) | | | | | | | Quarter Ended | | | | | | | | | Twelve Months Ended | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | Dec 31, | | Sep 30, | | Jun 30, | | Mar 31, | | Dec 31, | | | | Dec 31, | | Dec 31, | | | | | | | 2025 | | 2025 | | 2025 | | 2025 | | 2024 | | 4Q'25 vs. 4Q'24 | | 2025 | | 2024 | | YTD'25 vs. YTD'24 | | ...
Western Alliance Bancorporation(WAL) - 2025 Q4 - Annual Results
2026-01-27 02:58
Financial Performance - Net income for Q4 2025 was $293.2 million, up 12.6% from $260.5 million in Q3 2025, and up 35.2% from $216.9 million in Q4 2024[10] - Earnings per share for Q4 2025 reached $2.59, a 13.6% increase from $2.28 in Q3 2025 and a 32.8% increase from $1.95 in Q4 2024[10] - Net income for the year ended December 31, 2025, was $990.6 million, a 25.8% increase from $787.7 million in 2024[34] - Net income attributable to Western Alliance was $286.1 million in Q4 2025, compared to $253.4 million in Q3 2025, reflecting a 12.5% increase[40] Revenue and Income - Pre-provision net revenue (PPNR) for Q4 2025 was $428.7 million, up 8.9% from $393.8 million in Q3 2025 and up 33.2% from $319.4 million in Q4 2024[11] - Non-interest income for Q4 2025 was $214.7 million, an increase of 14.3% from $187.8 million in Q3 2025 and up 24.9% from $171.9 million in Q4 2024[7] - Interest income for Q4 2025 reached $1,217.4 million, a 6.9% increase from $1,138.6 million in Q4 2024[34] - Net interest income after provision for credit losses was $693.2 million for Q4 2025, up 14.3% from $606.5 million in Q4 2024[34] Asset and Deposit Management - Total deposits decreased by $88 million to $77.2 billion in Q4 2025, while total deposits increased by $10.8 billion, or 16.3%, year-over-year[2] - Total assets rose by $1.8 billion, or 2.0%, to $92.8 billion at December 31, 2025, compared to $91.0 billion at September 30, 2025, and increased 14.6% from $80.9 billion at December 31, 2024[21] - Total deposits amounted to $77.2 billion as of December 31, 2025, reflecting a decrease of $88 million from the previous quarter but an increase of $10.8 billion from $66.3 billion at December 31, 2024[15] Loan Performance - HFI loans totaled $58.7 billion in Q4 2025, an increase of $2.0 billion, or 3.6%, from Q3 2025, and up $5.0 billion, or 9.3%, year-over-year[13] - The ratio of HFI loans to deposits was 76.0% at December 31, 2025, up from 73.3% at September 30, 2025, but down from 80.9% at December 31, 2024[16] - Nonaccrual loans decreased by $22 million to $500 million during the quarter, but increased by $24 million from December 31, 2024[23] Efficiency and Ratios - The efficiency ratio, adjusted for deposit costs, improved to 46.5% in Q4 2025 from 47.8% in Q3 2025 and 51.1% in Q4 2024[9] - The common equity tier 1 capital ratio was 11.0% at December 31, 2025, down from 11.3% at September 30, 2025, and December 31, 2024[20] - The tangible common equity ratio improved to 7.3% as of December 31, 2025, compared to 7.2% in the previous year[37] Credit Losses and Provisions - The company recorded a provision for credit losses of $73.0 million in Q4 2025, a decrease from $80.0 million in Q3 2025 but an increase from $60.0 million in Q4 2024[5] - The provision for credit losses increased by 21.7% to $73.0 million in Q4 2025, up from $60.0 million in Q4 2024[34] - Total allowance for credit losses on loans reached $510.2 million, compared to $482.7 million in the previous quarter[42] Equity and Capital - Total equity increased by $256 million, or 3.3%, to $7.9 billion in Q4 2025, with a year-over-year increase of $1.2 billion, or 18.5%[2] - Total tangible common equity increased to $6,709 million as of December 31, 2025, up from $6,451 million in September 2025, representing a growth of 4.0%[57] - Tangible book value per share was $61.29 at December 31, 2025, an increase of 4.7% from $58.56 at September 30, 2025, and 17.3% from $52.27 at December 31, 2024[20] Other Financial Metrics - The average cost of interest-bearing liabilities decreased to 3.34% in 2025 from 3.90% in 2024, reflecting a reduction in funding costs[52] - Total non-interest expense increased to $552.2 million in Q4 2025, compared to $544.4 million in Q3 2025[40] - Loans charged-off totaled $48.3 million for the quarter ended December 31, 2025, an increase from $31.8 million in the prior quarter[42]
RBB(RBB) - 2025 Q4 - Annual Results
2026-01-27 02:03
Financial Performance - Net income for Q4 2025 was $10.2 million, or $0.59 diluted earnings per share, compared to $10.1 million, or $0.59 diluted earnings per share in Q3 2025 [4]. - For fiscal 2025, net income totaled $31.9 million, or $1.83 diluted earnings per share, a 19.8% increase compared to fiscal 2024 [6]. - Net income for the three months ended December 31, 2025, was $10,177 million, compared to $4,385 million for the same period in 2024, marking a substantial increase of 132.3% [50]. - Basic net income per share for the three months ended December 31, 2025, was $0.60, up from $0.25 in the same quarter of 2024, representing a growth of 140% [50]. Interest Income and Margin - Net interest income for Q4 2025 was $29.5 million, a slight increase from $29.3 million in Q3 2025, driven by a $430,000 decrease in interest expense [7]. - Total interest and dividend income for the three months ended December 31, 2025, was $57,193 million, an increase from $54,555 million for the same period in 2024, representing a growth of 4.0% [50]. - Net interest income before provision for credit losses for the twelve months ended December 31, 2025, was $112,282 million, compared to $99,364 million for the previous year, reflecting a year-over-year increase of 13.5% [50]. - The net interest margin for the three months ended December 31, 2025, was 2.99%, slightly up from 2.76% in the same quarter of 2024 [52]. - The net interest margin improved to 2.95% for the year ended December 31, 2025, compared to 2.70% for the previous year [59]. Asset Quality - Classified and criticized loans decreased by $31.8 million, or 25.2%, to $94.4 million at December 31, 2025, compared to the prior quarter [6]. - Nonperforming assets decreased by $852,000, or 1.6%, to $53.5 million at December 31, 2025, compared to the prior quarter [6]. - Nonperforming loans totaled $44.6 million at December 31, 2025, down from $45.5 million at September 30, 2025 [28]. - The allowance for loan losses improved to $43,888 from $44,892 in September 2025, indicating better asset quality [48]. - The allowance for loan losses stood at $43,888 thousand, which is 1.32% of total loans HFI [63]. Deposits and Loans - Total deposits were $3.4 billion as of December 31, 2025, a decrease of $16.1 million, or 1.9% annualized, compared to September 30, 2025 [25]. - Total loans held for investment grew by $11.7 million, or 1.4% annualized, in Q4 2025, and by $261.1 million, or 8.6%, for the full year [6]. - Total deposits reached $3,350,398 thousand as of December 31, 2025, a significant increase from $3,083,789 thousand as of December 31, 2024, reflecting a growth of 8.7% [68]. - The single-family residential mortgages segment accounted for 50.0% of total loans, with a total of $1,655,382 thousand as of December 31, 2025, compared to 48.9% and $1,494,022 thousand a year earlier [67]. Equity and Capital - Total shareholders' equity was $523.4 million at December 31, 2025, a $9.1 million increase compared to September 30, 2025 [37]. - Book value per share increased to $30.69 at December 31, 2025, up from $30.18 at September 30, 2025 [38]. - The tangible book value per share increased to $26.42 as of December 31, 2025, compared to $24.51 a year earlier, indicating a growth of 7.8% [70]. - The common equity to assets ratio improved to 12.44% as of December 31, 2025, compared to 12.72% a year earlier [70]. - The Tier 1 capital to risk-weighted assets ratio was 18.06% as of December 31, 2025, indicating strong capital adequacy [63]. Future Outlook - Management will hold a conference call on January 27, 2026, to discuss the Company's fourth quarter and fiscal year 2025 financial results [41]. - The Board of Directors declared a quarterly cash dividend of $0.16 per common share, payable on February 13, 2026 [39].
AGBA (AGBA) - 2025 Q3 - Quarterly Report
2026-01-27 01:19
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38909 Triller Group Inc. (Exact name of registrant as specified in its charter) Delaware 33-1473901 (State or other jurisdiction of incorpora ...
Triller Group Inc.(ILLR) - 2025 Q3 - Quarterly Report
2026-01-27 01:19
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38909 Triller Group Inc. (Exact name of registrant as specified in its charter) Delaware 33-1473901 (State or other jurisdiction of incorpora ...
Polaris(PII) - 2025 Q4 - Annual Results
2026-01-27 00:01
Sales Performance - Fourth quarter 2025 sales were $1,922 million, a 9% increase compared to the fourth quarter of 2024, with North America sales of $1,623 million representing 84% of total sales[7] - Full year 2025 sales were $7,152 million, approximately flat compared to the previous year, while adjusted sales were $7,143 million[8] - Sales for Q4 2025 reached $1,921.9 million, a 9.5% increase from $1,755.4 million in Q4 2024[30] - Parts, Garments and Accessories (PG&A) sales increased by 22% in the fourth quarter, contributing positively to overall sales performance[16] - Adjusted sales for the full year 2025 were $7,142.8 million, slightly down from $7,174.7 million in 2024[30] Profitability and Loss - The fourth quarter reported diluted loss per share was $5.34, compared to a net income of $0.19 per diluted share in the fourth quarter of 2024[11] - Gross profit for the twelve months ended December 31, 2025, was $1,368.7 million, down 6.7% from $1,466.8 million in 2024[24] - Gross profit for Q4 2025 was $384.2 million, compared to $357.9 million in Q4 2024, reflecting a 7.4% increase[30] - Net loss attributable to Polaris Inc. for the twelve months ended December 31, 2025, was $465.5 million, compared to a net income of $110.8 million in 2024[24] - Adjusted EPS for Q4 2025 was $0.08, down from $0.92 in Q4 2024[30] Operating Expenses - Operating expenses for the fourth quarter were $724 million, a significant increase of 128% from $318 million in the fourth quarter of 2024[10] - Total operating expenses for Q4 2025 were $724.0 million, significantly higher than $318.2 million in Q4 2024, primarily due to a $288.1 million loss on disposal group held for sale[24] Cash Flow and Assets - Cash and cash equivalents decreased to $138.0 million as of December 31, 2025, from $287.8 million in 2024[26] - Total current assets fell to $2,206.6 million in 2025, down from $2,632.4 million in 2024[26] - Net cash provided by operating activities for the twelve months ended December 31, 2025, was $741.0 million, a significant increase from $268.2 million in 2024[28] - The company reported a net cash used for investing activities of $139.5 million in 2025, compared to $270.9 million in 2024[28] - Adjusted free cash flow for 2025 was $605.4 million, compared to $64.7 million in 2024[33] Future Outlook - The company expects 2026 sales to increase by 1% to 3% compared to 2025, with adjusted diluted EPS projected to be between $1.50 and $1.60[14] - Polaris anticipates that its long-term growth plan will focus on innovation, efficient operations, and a strong dealer network to drive profitable growth[5] - The company anticipates approximately $32 million in restructuring and acquisition-related costs for 2026[40] Impairment and Charges - Fourth quarter results included impairment and other charges of $288 million related to the Indian Motorcycle business, primarily non-cash charges[12] - The company recorded impairment charges of $53.9 million in Q4 2025 and $155.9 million for the full year[38] - Loss on disposal group held for sale amounted to $288.1 million in Q4 2025 and $330.4 million for the full year[39] Market Share - Polaris gained market share in all segments for full-year 2025, with retail sales for powersports up 9% excluding Youth compared to last year[8] Gross Profit Margin - The gross profit margin for the fourth quarter decreased by 40 basis points to 20.0%, primarily due to tariffs and net pricing pressures[9] EBITDA - Adjusted EBITDA for Q4 2025 was $98.1 million, with an adjusted EBITDA margin of 5.1%[31]
Five Star Bancorp(FSBC) - 2025 Q4 - Annual Results
2026-01-26 23:53
Financial Performance - Net income for the three months ended December 31, 2025, was $17.6 million, up from $16.3 million in the previous quarter and $13.3 million year-over-year, representing a 32.4% increase from the same quarter last year[2][10] - Basic earnings per common share increased to $2.90 for the year ended December 31, 2025, compared to $2.26 in 2024, reflecting a 28.4% growth[3][11] - Net income for the year ended December 31, 2025, was $61.606 million, an increase of 35% from $45.671 million in 2024[66] - Net income for the three months ended December 31, 2025, was $17,643 thousand, reflecting a $1,299 thousand increase or 7.95% from the previous quarter[14] - Pre-tax income for the three months ended December 31, 2025, was $23,008,000, an increase from $22,234,000 in the previous quarter and $19,367,000 in the same quarter last year[73] Loan and Deposit Growth - Total loans held for investment increased by $542.2 million, or 15%, year-over-year, reaching $4.07 billion as of December 31, 2025[4][8] - Total deposits rose by $643.1 million, or 18%, year-over-year, with non-wholesale deposits increasing by $738.1 million, or 25%[4][11] - Total loans held for investment increased to $4,074,929 thousand as of December 31, 2025, up from $3,887,259 thousand on September 30, 2025, representing a growth of 4.8%[28] - The average balance of loans increased by $474.1 million, or 13.55%, contributing to the rise in net interest income[26] - The average balance of deposits increased by $627.4 million, or 19.45%, leading to an additional $10.0 million in deposit interest expense for the year[27] Interest Income and Margin - The net interest margin for the year ended December 31, 2025, was 3.55%, up from 3.32% in 2024, driven by loan growth and improved yields[7][11] - Net interest income for the year ended December 31, 2025, was $151.905 million, an increase of 26.9% from $119.711 million in 2024[66] - Net interest income for the three months ended December 31, 2025, was $42,065 thousand, an increase of $2,717 thousand or 6.91% from the previous quarter[14] - Year-over-year, net interest income rose by $8.6 million, or 25.61%, from $33.5 million in Q4 2024 to $42.1 million in Q4 2025[26] - The net interest margin for the same period was 3.66%, an increase of ten basis points from the prior quarter[25] Credit Losses and Nonperforming Loans - The provision for credit losses increased by $2.8 million, or 39.57%, year-over-year, due to loan growth and higher loss rates[11][12] - The allowance for credit losses rose to $44.4 million at December 31, 2025, compared to $37.8 million at December 31, 2024, reflecting a 17.5% increase[30] - The ratio of nonperforming loans to loans held for investment increased from 0.05% at December 31, 2024, to 0.08% at December 31, 2025[12] - Provision for credit losses increased to $2,800 thousand, up $300 thousand or 12.00% from the previous quarter[14] - The provision for credit losses for the three months ended December 31, 2025, was $2,800,000, compared to $2,500,000 in the previous quarter and $1,300,000 in the same quarter last year[73] Expenses and Efficiency - The efficiency ratio improved to 41.03% in 2025, down from 43.19% in 2024, indicating better cost management[4][12] - Non-interest expense for the three months ended December 31, 2025, was $17,657 thousand, an increase of $1,077 thousand or 6.50% from the previous quarter[14] - Total non-interest expense for the year ended December 31, 2025, was $65.008 million, up from $54.493 million in 2024, indicating a rise of 19.3%[66] - Salaries and employee benefits increased to $10,125 thousand for the three months ended December 31, 2025, up 4.21% from $9,716 thousand in the previous quarter[40] - Advertising and promotional expenses increased by $767,000, or 31.81%, to $3.178 million for the year ended December 31, 2025, compared to $2.411 million for the year ended December 31, 2024[49] Shareholder Returns - The Company declared a cash dividend of $0.20 per share for the three months ended December 31, 2025, and an additional dividend of $0.25 per share expected to be paid on February 9, 2026[13] - Book value per share increased to $20.87 as of December 31, 2025, from $18.60 in 2024, representing a growth of 12.2%[66] Market Presence and Future Plans - Five Star Bank expanded its market presence by opening a new office in Walnut Creek and plans to continue focusing on vertical market growth in 2026[5][6] - The company plans to host a live webcast on January 27, 2026, to discuss its fourth quarter and annual financial results[60]