The Brink's Company (NYSE:BCO) Q4 2025 Earnings call February 26, 2026 04:30 PM ET Company ParticipantsJesse Jenkins - VP of Investor RelationsKurt McMaken - CFOMark Eubanks - CEOSam Kusswurm - Equity Research Senior AssociateTim Oliver - President and CEOConference Call ParticipantsGeorge Tong - Managing Director and Senior Equity Research AnalystTobey Sommer - Managing Director and Senior Research AnalystOperatorWelcome to the Brink's acquisition of NCR Atleos. All participants will be in listen-only mode ...

Core Insights - The banking hiring cycle in India is experiencing a resurgence, with top engineering and business schools seeing increased recruitment activity from private lenders and foreign banks [1][2] Group 1: Recruitment Trends - Major banks such as ICICI Bank, Kotak Mahindra Bank, HSBC India, and Citibank are actively recruiting from campuses, indicating a return to robust hiring practices [2][5] - The hiring landscape has shifted from the previous year, where hiring slowed due to high dependency on contract employees and reduced attrition rates [3] - Financial firms are focusing on long-term competitiveness and digital capabilities rather than merely filling vacancies [4] Group 2: Credit Growth and Hiring Needs - Bank credit growth reached 14.6% at the end of January, up from 11.4% a year ago, signaling a recovery in corporate credit demand and a need for more hires across various teams [5] - The financial sector is seeing a significant increase in student placements in finance, with over 21% of the 2026 batch securing roles in this area, compared to 14.5% in 2025 and 19% in 2024 [6] Group 3: Focus Areas for Recruitment - Recruitment is heavily concentrated in three key areas: global capability centers, investment and wealth management, and technology-led banking [7][8][13] - Global capability centers are being scaled for operations, compliance, and risk analytics, while investment and wealth management roles are expanding due to a growing equity savings culture in India [8] Group 4: Technology Integration - Banks are increasingly hiring engineers to support digital transformation and build new customer engagement architectures, reflecting a shift towards technology-led banking [13][14] - HSBC reported a fivefold increase in engineering hires over the past two years, emphasizing the importance of technology talent in their strategic shift [16] Group 5: Fresh Talent and Attrition - The influx of fresh talent is partly due to high attrition rates at entry-level positions, necessitating ongoing recruitment of new graduates [17]

Core Viewpoint - Beach Cities Commercial Bank has appointed Thomas J. Inserra as President/CEO and Board Director effective February 2, 2026, pending regulatory approvals [1] Group 1: Leadership Appointment - Thomas J. Inserra brings a strong background in leading small business banks and has a commitment to serving the business community, making him a suitable fit for Beach Cities Commercial Bank [2] - Inserra previously served as CEO of Integro Bank and held senior roles at various financial institutions, including Pacific Mercantile Bancorp, Citibank, and Susquehanna Bank, along with a regulatory role at the FDIC [2][3] Group 2: Professional Background - Throughout his career, Inserra has focused on supporting small businesses, exemplified by his role as Founder and CEO of Integro Bank, which is an FDIC-insured institution [3] - He holds diplomas from Purdue University and the Stonier Graduate School of Banking at Wharton, and an MBA from the University of Phoenix [4] Group 3: Company Overview - Beach Cities Commercial Bank is headquartered in Irvine, California, and offers a wide range of commercial banking products and services across Southern California [5] - The bank provides services including commercial checking accounts, business lines of credit, SBA loans, and various deposit and loan products [5]

Core Insights - The regional banking sector is showing signs of recovery, particularly in commercial real estate (CRE), as valuations normalize and lending activity increases [1][3][4] - Class A office spaces are experiencing a resurgence, indicating a potential turnaround in the commercial real estate market [2][3] - The S&P Regional Banking ETF has increased by over 17% since its lows in November 2025, contrasting with the S&P Financial Sector's modest 4% rise [5] Group 1: Regional Banking Sector Recovery - The regional banking sector is benefiting from a combination of Federal Reserve actions and increased lending activity, leading to improved outlooks compared to six to ten months ago [1][3] - There is a notable shift in the commercial real estate landscape, with a recovery in Class A office spaces, suggesting a positive trend for regional banks [2][3] - The sector has maintained solid credit performance, with only seven basis points of charge-offs reported in the last quarter, indicating strong credit activity [9] Group 2: Challenges and Trends - Concerns remain regarding the impact of private credit on the financial sector, particularly following recent auto-related failures [10][12] - The regional banks have largely avoided risky lending practices that have plagued non-bank institutions, positioning them favorably in the current environment [8][11] - The ongoing economic environment is characterized by uncertainty, with potential risks from tariffs and the effects of AI on job creation and productivity [17][21][22] Group 3: Future Outlook and Innovations - The regional banking sector is expected to benefit from technological advancements, particularly in AI, which could enhance productivity and operational efficiency [33][35] - Consolidation within the regional banking industry is becoming a common strategy to compete against larger banks and fintech challengers, as seen in the recent merger announcements [39][40] - Regional banks have a defined sphere of influence, allowing them to focus on profitable sub-markets and maintain close relationships with local businesses [29][30]

Core Viewpoint - Emirates NBD has achieved a significant milestone by completing a record-breaking $1 billion sustainable bond issuance, marking the largest dual-tranche Blue-Green bond ever issued by a financial institution globally [1] Group 1: Bond Issuance Details - The bond issuance consists of two tranches: a Blue Tranche of $300 million with a 3-year tenor and a Green Tranche of $700 million with a 5-year tenor [7] - This issuance is conducted under the bank's Euro Medium Term Note (EMTN) Programme, making it the first publicly offered Blue Bond in the region [1][4] Group 2: Environmental Alignment - The proceeds from the bond are aligned with the United Nations Sustainable Development Goals, specifically SDG 14 (Life Below Water) and SDG 13 (Climate Action) [2] - The capital will be directed towards key environmental priorities, including marine conservation, sustainable water projects, and green initiatives [8] Group 3: Market Response and Partnerships - The bond offering attracted strong demand from global ESG-focused investors, indicating robust market confidence in Emirates NBD's credit strength and sustainability roadmap [2] - Notable participation included T. Rowe Price, a leader in blue investments, which subscribed to the Blue tranche [2] Group 4: Strategic Statements - The group head of wholesale banking at Emirates NBD emphasized the bank's role in mobilizing capital for regional environmental priorities and supporting the UAE's sustainability agenda [3] - The chief sustainability officer highlighted the transaction's transparency and impact through rigorous governance and alignment with ICMA principles [4]

Core Viewpoint - SS Innovations International, Inc. has appointed Milan Rao as the Global Chief Operating Officer and Chief Financial Officer, a newly created position, succeeding Naveen Kumar Amar who resigned for personal reasons [1][2]. Company Overview - SS Innovations is focused on developing innovative surgical robotic technologies aimed at making robotic surgery affordable and accessible globally [5]. - The company's flagship product is the "SSi Mantra" surgical robotic system, which is designed to support various robotic surgical procedures, including cardiac surgery [5][6]. Leadership Appointment - Milan Rao brings over 30 years of executive leadership experience, particularly in technology-enabled transformation and operational efficiency across various industries, including healthcare [2]. - Rao has held significant roles in global companies, including Chief Operating Officer and Chief Revenue Officer at Markets and Markets, and has experience in managing operations, financial statements, M&A activities, and capital allocation strategies [2][3]. Strategic Vision - The appointment of Milan Rao is seen as a commitment to attracting top talent to enhance the executive team and expand the global footprint of the SSi Mantra surgical robotic system [3]. - Rao expressed enthusiasm about contributing to the company's strategic direction and operational readiness, emphasizing the potential for long-term value creation [3]. Product Features - The SSi Mantra system features a modular design with 3 to 5 robotic arms, an ergonomic surgeon command center, and advanced imaging capabilities, including a large 3D 4K monitor [6]. - The system has been clinically validated in India for over 100 different types of surgical procedures, showcasing its versatility and effectiveness [6].

Core Insights - Ponce Bank has appointed Marlene Cintron to its Board of Directors, recognizing her extensive experience in economic empowerment and public service [1][9] Group 1: Marlene Cintron's Background - Cintron has over three decades of experience in public policy, economic development, finance, and government relations, with a focus on underserved communities [2] - Her career includes significant roles such as Chief of Staff to Congressman Robert Garcia and Director of Latino Affairs for Mayor David Dinkins, where she influenced statewide policy for Latino communities [3] - In the private sector, she served as Assistant Vice President for Government Affairs at Citibank and as a financial advisor at Merrill Lynch, specializing in supporting women and nonprofit leaders [4] Group 2: Achievements in Economic Development - As President of the Bronx Overall Economic Development Corporation, Cintron led initiatives that reduced Bronx unemployment from 14% to under 6% [5] - She attracted over $9 billion in private investment, resulting in the creation of over 44,000 new housing units and significant commercial developments [6] - Cintron's leadership at the U.S. Small Business Administration resulted in a 20% increase in small business growth in her region [7] Group 3: Community Advocacy and Education - Cintron is recognized for her commitment to community advocacy, having been a member of the Young Lords and championing civil rights and social equity [8] - She holds a law degree from Georgetown University and a master's degree in education administration from Fordham University [8] Group 4: Ponce Bank Overview - Ponce Bank, founded in 1960, operates 13 branches in the New York Metro area with $3.2 billion in assets and over $500 million in capital [10] - The bank is one of the largest Latino-led Minority Depository Institutions and directs nearly 75% of its loans to low- and moderate-income neighborhoods [10]

Core Insights - American Airlines Group Inc. (NASDAQ:AAL) is highlighted as one of the best stocks under $25 to buy now, with Wells Fargo initiating coverage and setting a price target of $17 [1] - The company is expected to benefit from a co-brand agreement with Citibank, projected to increase financial remuneration by approximately 10% annually, reaching $10 billion by 2030 [2] - American Airlines is exploring the use of Amazon's Leo satellite-based internet service for in-flight Wi-Fi to attract premium customers and enhance its competitive position against other US carriers [3] Company Overview - American Airlines Group Inc. is a major airline providing passenger and cargo air transportation services, operating a vast network of domestic and international flights to over 350 destinations in more than 60 countries [4]

Core Viewpoint - Shenzhen-listed Sieyuan Electric is planning a secondary listing in Hong Kong to gain direct access to international capital as it expands into global markets driven by rising demand for grid upgrades, particularly from data centres and artificial intelligence [1]. Group 1: Listing Details - Sieyuan plans to issue new H shares equal to no more than 15% of its total 778 million outstanding shares, but has not disclosed a timetable or fundraising target [2]. - Citibank estimates the listing could occur in the second half of next year, potentially raising up to 20 billion yuan (approximately US$2.84 billion) based on a 5% discount to Sieyuan's A shares and an offer price of about 147 yuan per share [3]. - If realized, this deal would rank as Hong Kong's third-largest initial public offering in the past 12 months, following Contemporary Amperex Technology and Zijin Gold International [4]. Group 2: Financial Performance - Sieyuan's shares have increased by 105% this year, resulting in a market capitalization of 118.4 billion yuan, making it the second largest among mainland-listed grid-equipment makers [5]. - The company's revenue rose nearly 33% year on year to 13.8 billion yuan in the first nine months, while net profit climbed 47% to 2.2 billion yuan [5]. - Offshore sales surged by 89% from the previous year, outpacing domestic revenue growth [5]. Group 3: Global Expansion - Sieyuan has established subsidiaries or invested in over 20 countries and regions, including Brazil, Mexico, Switzerland, and Kenya [6]. - The company has also set up a unit in the United States to address a transformer shortage in the American market [6]. - Sieyuan has supplied grid and gas equipment to railway projects in countries such as Indonesia, Laos, Pakistan, Uzbekistan, and Belarus [7].

Citibank’s launch of its Strata Elite credit card this summer marked its return to the sizzling-hot premium market. Behind the scenes, the rollout was marred by a headache. https://t.co/Tnp5Ci9f7p ...