Arbor Realty Trust (ABR) Q1 2025 Earnings Call May 02, 2025 10:00 AM ET Company Participants Paul Elenio - EVP & CFOIvan Kaufman - Founder, Chairman & CEOJade Rahmani - Managing DirectorLeon Cooperman - Chairman and CEO Conference Call Participants Steven Delaney - AnalystRick Shane - Analyst Operator Good morning, ladies and gentlemen, and welcome to the First Quarter twenty twenty five Arbor Realty Trust Earnings Conference Call. Please be advised that today's conference is being recorded. I would now lik ...

Financial Data and Key Metrics Changes - Net income for Q1 2025 was $2.7 million, with diluted earnings per share (EPS) of $0.42, representing a 27% increase compared to the prior year quarter [5] - Tangible book value per share increased to $15.79, up from $14.93 last year, reflecting a 5.8% increase [5] - Net interest income totaled $11.3 million, a 23% increase from $9.2 million in Q1 2024 [5][19] - Operating expenses rose approximately 3.5% from the linked quarter, totaling $12.4 million, which includes $726,000 in acquisition-related costs [7][21] Business Line Data and Key Metrics Changes - Loan growth for the quarter was $97 million, up 9.8% from the prior year, marking the fourth consecutive quarter of sequential loan growth [6][13] - Mortgage originations for the quarter were $40 million, down from the prior year and linked quarters, but the current pipeline is approximately $50 million [6][41] - Noninterest income increased by 3.9% from the prior year quarter to $4.1 million, driven by gains on mortgage loans and commercial loan swap revenue [10] Market Data and Key Metrics Changes - Deposits grew over 10%, including $56 million from the Marblehead acquisition, while excluding Marblehead, growth was 5.4% [6][12] - The core deposit base grew just under 5% this year, with an annualized growth rate of 15% when excluding public funds and the Marblehead book [13] - Total loans ended the quarter at $1.09 billion, including $19 million from the Marblehead acquisition [22] Company Strategy and Development Direction - The company remains focused on five key initiatives: growing and diversifying revenue, expanding footprint, operational excellence, and maintaining asset quality [7] - The Marblehead acquisition, completed on January 17, 2025, is expected to enhance market presence and client relationships in Ottawa County, Ohio [11] - The company is committed to digital innovation and enhancing client care initiatives, including appointing a digital banking officer [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in loan growth despite economic uncertainties, with a budgeted growth of 8% to 10% for the year [39] - The company anticipates a strong performance in the second half of the year, driven by the integration of Marblehead and a robust loan pipeline [28] - Management expects funding costs to decrease further, which will positively impact net interest margin [23][54] Other Important Information - The company repurchased 26,500 shares at an average price of just under $21, representing approximately 130% of tangible book value [25] - The allowance for credit losses remained robust at 1.41% of total loans, providing 254% coverage of nonperforming loans [18] Q&A Session Summary Question: Concerns about loan growth and tariffs - Management expressed confidence in the loan pipeline, indicating no significant concerns regarding tariffs affecting client decisions [36][38] Question: Outlook for loan growth this year - The company maintains a budgeted growth of 8% to 10%, including contributions from the Marblehead acquisition [39] Question: Mortgage pipeline and full-year expectations - The current mortgage pipeline is healthy, and management is optimistic about achieving budgeted production levels for 2025 [41] Question: Trends in deposits and liquidity - Management anticipates some seasonal fluctuations in deposits but expects core deposits to continue growing [45][47] Question: Credit quality and reserve levels - Management is bullish on credit quality and plans to provision for anticipated loan growth while maintaining a strong reserve level [56][59] Question: Capital management and buyback plans - The company plans to resume share buybacks when opportunities arise, while also focusing on integrating the Marblehead acquisition [64]

Velocity Financial (VEL) Q1 2025 Earnings Call May 01, 2025 05:00 PM ET Speaker0 Good day, and welcome to Velocity Financial Inc. First Quarter twenty twenty five Conference Call. All participants will be in listen only mode. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. I would now like to turn the conference over to Mr. Chris Altman, Treasurer. Please go ahead. Speaker1 Thanks, Kaylee. Hello, everyone, and Speaker2 thank you for joinin ...

Southampton, PA , May 01, 2025 (GLOBE NEWSWIRE) -- Quaint Oak Bancorp, Inc. (the “Company”) (OTCQB: QNTO), the holding company for Quaint Oak Bank (the “Bank”), announced today net loss for the quarter ended March 31, 2025 of $83,000, or $(0.03) per basic and diluted share, compared to net income of $873,000, or $0.36 per basic and diluted share, for the same period in 2024. Robert T. Strong, Chief Executive Officer stated, “First quarter results historically are not the best of our calendar year. Our first ...

Core Viewpoint - Franklin Financial Services Corporation (FRAF) has shown resilience in its stock performance despite a recent decline, reflecting renewed investor confidence driven by solid quarterly results [1] Earnings & Revenue Performance - The company reported a first-quarter 2025 net income of $3.9 million, or 88 cents per diluted share, a 16.7% increase from $3.4 million, or 77 cents per share, in the first quarter of 2024 [2] - Total revenue increased, with net interest income rising 15.2% to $15.6 million from $13.6 million year-over-year, and non-interest income improving 8.9% to $4.6 million, primarily due to higher wealth management fees [3] Balance Sheet Expansion - Total assets grew 12.2% year-over-year to $2.26 billion as of March 31, 2025, with net loans increasing 14% to $1.44 billion, driven by commercial real estate loans [4] - Deposit balances expanded 19.8% year-over-year to $1.87 billion, with significant growth in money management and non-interest-bearing checking accounts [5] Management Commentary - Outgoing CEO Tim Henry attributed the improved performance to previous groundwork, including infrastructure development and disciplined balance sheet management [6] - Henry expressed satisfaction with the strong first-quarter results and emphasized ongoing efforts to enhance efficiency and profitability [7] Performance Drivers - Loan growth of $57.3 million from the end of 2024 necessitated a provision for credit losses of $779,000, reflecting a cautious lending posture consistent with rising loan balances [8] - The yield on interest-earning assets improved to 5.25% from 5.03%, while the cost of interest-bearing liabilities increased to 2.64%, compressing spreads [8] Expense Management - Non-interest expenses rose 9.7% year-over-year to $14.6 million due to higher salaries, data processing, and FDIC insurance costs, but the bank's efficiency remains manageable relative to income generation [9] Dividend and Shareholder Value - The company declared a dividend of 33 cents per share for the second quarter, a 3.1% increase from the first quarter, indicating management's confidence in sustained earnings [10] - An open market repurchase plan for up to 150,000 shares was authorized, reflecting management's intent to enhance shareholder value [12] Future Outlook - With a stable capital base, a growing asset portfolio, and a disciplined expense structure, Franklin Financial is well-positioned for continued growth under new leadership [13]

Medallion Financial (MFIN) Q1 2025 Earnings Call May 01, 2025 09:00 AM ET Company Participants Ken Cooper - Investor RelationsAndrew Murstein - President & COOAnthony Cutrone - Executive VP & CFOChristopher Nolan - Senior VP - Equity Research Conference Call Participants Mike Grondahl - Head of Equities, Director of Research & Senior Research Analyst Operator All participants will be in listen only mode. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may pr ...

Medallion Financial (MFIN) Q1 2025 Earnings Call May 01, 2025 09:00 AM ET Company Participants Ken Cooper - Investor RelationsAndrew Murstein - President & COOAnthony Cutrone - Executive VP & CFOChristopher Nolan - Senior VP - Equity Research Conference Call Participants Mike Grondahl - Head of Equities, Director of Research & Senior Research Analyst Operator All participants will be in listen only mode. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may pr ...

Core Insights - CW Bancorp reported a consolidated net income of $2,935,000 for Q1 2025, representing a slight decrease of 2% compared to $2,993,000 in Q1 2024, with earnings per share (EPS) increasing by 1% to $0.97 [1][11] Financial Performance - Total assets increased by $51.8 million, or 5%, reaching $1,151.6 million as of March 31, 2025, compared to the previous year [3][13] - Total loans rose by $84.5 million, a 12% increase year-over-year, totaling $802.2 million [3][13] - Total deposits grew by $44.5 million, or 5%, amounting to $1,002.1 million, with interest-bearing deposits increasing by 12% [4][13] Income and Expenses - Interest income for Q1 2025 was $13,437,000, up 10% from $12,242,000 in Q1 2024, while interest expense increased by 9% to $3,393,000 [5][14] - Net interest income for the quarter was $10,044,000, reflecting a 10% growth compared to $9,128,000 in the same period last year [6][14] - Non-interest income increased by 3% to $1,245,000, while non-interest expenses rose by 16% to $7,175,000 [7][14] Efficiency and Ratios - The efficiency ratio for Q1 2025 was 63.22%, up from 59.42% in the previous year, indicating increased costs relative to income [8][11] - The allowance for credit losses (ACL) to total loans ratio stood at 1.42%, with no provisions for credit losses reported for both Q1 2025 and Q1 2024 [6][11] - Capital ratios remained strong, with a tier 1 leverage ratio of 12.35% and a total risk-based capital ratio of 18.01% as of March 31, 2025 [9][11] Business Strategy - The company aims to redefine banking for small and medium-sized businesses by offering customized products and services, supported by a digital banking platform [10]

NEW YORK, April 30, 2025 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ: MFIN, “Medallion” or the “Company”), a specialty finance company that originates and services loans in various consumer and commercial industries, along with offering loan origination services to fintech strategic partners, announced today its results for the quarter ended March 31, 2025. March 31, 2025 First Quarter Highlights Net income grew 20% to $12.0 million, or $0.50 per share, compared to $10.0 million, or $0.42 per shar ...

First Commonwealth Financial (FCF) Q1 2025 Earnings Call April 30, 2025 02:00 PM ET Company Participants Ryan Thomas - Vice President of Finance and Investor RelationsThomas Michael Price - President & CEOJames Reske - Executive VP, CFO & TreasurerDaniel Tamayo - Vice PresidentMike McCuen - EVP & Chief Lending OfficerJane Grebenc - EVP, CRO and President - First Commonwealth BankFrank Schiraldi - Managing DirectorKarl Shepard - Assistant Vice PresidentKelly Motta - Managing DirectorMatthew Breese - Managing ...