Key Takeaways LNC is gaining from strong Annuities and Group Protection sales, with annuity sales up 33% in Q1 2025. A new strategic partnership with Bain Capital aims to boost value via private asset origination. LNC's costs rose 117.9% in Q1 2025, and its debt-to-capitalization ratio stands at a high 41.7%.Lincoln National Corporation (LNC) is a diversified life insurance and investment management company that provides a wide range of wealth accumulation, wealth protection, group protection and retireme ...

Intapp (INTA) Update / Briefing June 12, 2025 11:30 AM ET Speaker0 Wonderful. Alrighty. Well, thank you very much, everyone, for making the time to join today's webinar, Beyond Traditional Sourcing, Discovering Opportunities with AI Origination and Private Capital. Before we get started today, I would like to just quickly say this presentation may contain information regarding future services, features, or functionality that are not currently available. The timing and delivery of these features, functions, ...

BrightSpire Capital (BRSP) 2025 Conference June 03, 2025 08:45 AM ET Speaker0 Hey, good morning. Thanks for being here for the one of the first firesides of NAREIT. I'm Randy Binner. I'm a sell side equity analyst for B. Riley Securities and cover Brightspire. With me here is CEO Mike Mazze, CEO Andy Witt and CFO Frank Saracino from Brightspire. Just want to take a little bit of time for Mike and team to provide a brief overview of the company. It's a really interesting story coming out of Colony Credit and ...

X Financial (XYF) Q1 2025 Earnings Call May 20, 2025 07:30 AM ET Company Participants Victoria Yu - Investor Relations ManagerKan Li - President & DirectorNoah Kauffman - Chief Financial Strategy OfficerFuya Zheng - Chief Financial Officer Conference Call Participants None - AnalystAlex Ye - Research Analyst Operator Hello and welcome to the X Financial First Quarter twenty twenty five Earnings Conference Call. All participants will be in a listen only mode. Please note this event is being recorded. I would ...

X Financial (XYF) Q1 2025 Earnings Call May 20, 2025 07:30 AM ET Company Participants Victoria Yu - Investor Relations ManagerKan Li - President & DirectorNoah Kauffman - Chief Financial Strategy OfficerFuya Zheng - Chief Financial Officer Conference Call Participants None - AnalystAlex Ye - Research Analyst Operator Hello and welcome to the X Financial First Quarter twenty twenty five Earnings Conference Call. All participants will be in a listen only mode. Please note this event is being recorded. I would ...

Financial Data and Key Metrics Changes - In Q1 2025, the company facilitated RMB 35.15 billion in loans, reflecting an 8.8% sequential increase and 63.4% year-over-year growth [6][11] - Total revenue reached RMB 1.94 billion, up 13.4% from Q4 and over 60% year-over-year [7][12] - Non-GAAP adjusted net income for Q1 was RMB 457 million, a 44.9% year-over-year increase [14] - Basic earnings per ADS improved to USD 1.5, a 45.6% year-over-year increase [14] - Return on equity increased to 25.5%, rising 1.4 percentage points year-over-year [14] Business Line Data and Key Metrics Changes - The total loan outstanding balance, excluding loans over sixty days delinquent, reached RMB 58.4 billion, growing by more than 33% from Q1 2024 [11] - The company facilitated over 3,140,000 loans with an average loan amount of approximately RMB 11,181 [11] Market Data and Key Metrics Changes - The thirty-one to sixty days delinquency rate improved to 1.25% from 1.61% a year ago, reflecting a 22% improvement [8] - The ninety-one to one hundred and eighty days delinquency rate decreased to 2.7% from 4.7% in Q1 2024, a 37% reduction [8] Company Strategy and Development Direction - The company is focused on expanding opportunities through new partnerships and enhancing its technology platform and underwriting models [6] - There is a commitment to improving borrower experience by delivering faster decisions and simplifying application processes [7] - The company has authorized a new share repurchase plan for up to USD 100 million worth of Class A shares and ADS [15] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the current macroeconomic environment, indicating it is favorable for portfolio growth [26] - The company expects total loan amounts facilitated in Q2 2025 to be between RMB 37.5 billion and RMB 39.5 billion, reflecting continued strong demand [16] - Management acknowledged potential regulatory changes but expressed confidence in compliance and the ability to adapt [43] Other Important Information - The regulatory environment in China is described as dynamic, with a focus on responsible credit assets and financial stability [16] - The company is actively engaging with regulatory authorities to ensure compliance with upcoming regulations [43] Q&A Session Summary Question: Current macroeconomic environment and loan market outlook - Management believes the current environment is still good for portfolio growth and is focused on managing growth responsibly [25][26] Question: Delinquency rate concerns - Management noted that while there may be some uptick in delinquency rates, overall portfolio health remains strong and profit will not be impacted [26][28] Question: Share repurchase program - Management indicated that no shares were repurchased in Q1 due to the open window policy but plans to utilize the remaining funds in the upcoming open window [36] Question: Loan growth guidance and credit demand - Management expects continued growth driven by customer acquisition and is confident in achieving a 30% volume growth for the year despite potential regulatory impacts [46]

Oportun Financial (OPRT) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Good morning, ladies and gentlemen, welcome to the Oportun Financial First Quarter twenty twenty five Earnings Conference Call. At this time, all lines are in listen only mode. And following the presentation, there will be a question and answer session. This call is being recorded on Thursday, 05/08/2025. I would now like to turn the conference call over to Mr. Dorian Hare. Please go ahead. Speaker1 Thanks, and hello, everyone. ...

Apollo Global Management (APO) Q1 2025 Earnings Call May 02, 2025 08:30 AM ET Speaker0 Good morning, and welcome to Apollo Global Management's First Quarter twenty twenty five Earnings Conference Call. During today's discussion, all callers will be placed in listen only mode. And following management's prepared remarks, the conference call will be opened for questions. Please limit yourself to one question and then rejoin the queue. This conference call is being recorded. This call may contain forward looki ...

Apollo Global Management (APO) Q1 2025 Earnings Call May 02, 2025 08:30 AM ET Company Participants Noah Gunn - Managing Director & Global Head of Investor RelationsMarc Rowan - Co-Founder, CEO & Chairman of the BoardJames Zelter - PresidentMartin Kelly - CFO & PartnerSteven Chubak - Managing DirectorAlexander Blostein - Managing DirectorPatrick Davitt - Partner Conference Call Participants Glenn Schorr - Senior Managing Director & Senior Research AnalystWilliam Katz - Senior Equity AnalystKen Worthington - ...

Financial Data and Key Metrics Changes - The company reported a net income of $12 million and earnings per share of $0.50 for the quarter [5] - Net interest income grew by 7% to $51.4 million compared to the previous year [13] - The net interest margin on gross loans was 7.94%, up 10 basis points from the previous quarter [13] - The net book value per share increased to $16.36 from $16 in the prior quarter and $14.93 a year ago [17] Business Line Data and Key Metrics Changes - The consumer lending business originated $136 million in loans, maintaining a loan book of $2.4 billion [5] - Recreation loans originated totaled $86.8 million at an average rate of 16.06%, while home improvement loans were $48.8 million at an average rate of 11.5% [14] - The commercial lending division originated $9.7 million in new loans and exited one loan with a significant return [6][7] Market Data and Key Metrics Changes - The company collected $2.6 million in cash from its taxi medallion business, consistent with the previous quarter [9] - The strategic partnership program achieved over $125 million in originations for the second consecutive quarter [10] Company Strategy and Development Direction - The company is focused on a methodical approach to growth, ensuring sustainable practices in its lending operations [11] - There is an ongoing effort to expand the strategic partnership program, with expectations to add new partners over time [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the stability of cash collections from the taxi medallion business and identified recovery opportunities in charge-off loans [9] - The company anticipates continued gains from its equity investments, although the timing of exits remains unpredictable [8][27] Other Important Information - The company repurchased approximately 60,000 shares and has $15 million remaining under its share repurchase plan [11] - A 9% increase in the quarterly dividend to $0.12 per share was approved by the Board, marking the third increase since reinstating the dividend [12] Q&A Session Summary Question: Were there any nonrecurring expense items aside from those highlighted? - Management noted elevated professional fees, including $300,000 in technology costs and $600,000 related to the annual meeting [20] Question: Any update on the SEC matter? - Management believes the SEC matter has been resolved, pending board approval and judicial sign-off [22] Question: What flexibility exists in building reserves? - Management confirmed flexibility in determining allowances, using qualitative factors to increase consumer provisions [23] Question: Any anticipated capital gains from Medallion Capital? - Management expects one or two more capital gains this year, though timing is uncertain [27] Question: Outlook on normalized earnings? - Management discussed adjustments for nonrecurring items and expected normalized earnings to be around $0.35 per share [36] Question: Timing for loan sales? - Management anticipates closing a loan sale in Q2, with another sale expected in Q3 or Q4 [38] Question: Durability of strategic partnership loan volume? - Management expressed confidence in maintaining loan volume above $100 million per quarter, with potential for growth [43] Question: Outlook on margins and loan growth? - Management expects margins to remain stable and projects loan growth of 5% to 7% for the year [48]