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 ...

Northeast Bank (NBN) Q3 2025 Earnings Call April 30, 2025 10:00 AM ET Company Participants Richard Wayne - President & CEOPatrick Dignan - Executive VP & COODamon Delmonte - Managing DirectorRebecca Rand - SVP & Director of AccountingMark Fitzgibbon - Head of FSG ResearchRichard Cohen - Chief Financial Officer Operator Welcome to the Northeast Bank Third Quarter Fiscal Year twenty twenty five Earnings Call. My name is Victor, and I'll be your operator for today's call. This call is being recorded. With us t ...

BrightSpire Capital (BRSP) Q1 2025 Earnings Call April 30, 2025 10:00 AM ET Company Participants David Palamé - Executive VP, General Counsel & SecretaryMichael Mazzei - CEO & Board MemberAndrew Witt - President & COOFrank Saracino - Executive VP, CFO & TreasurerSteve Delaney - Director of MortgageJason Weaver - Managing Director - Equity ResearchJohn Nickodemus - Vice President, Equity ResearchRandy Binner - Managing DirectorGaurav Mehta - Managing Director Operator Good day, and welcome to the BrightSpire ...

Northeast Bank (NBN) Q3 2025 Earnings Call April 30, 2025 10:00 AM ET Company Participants Richard Wayne - President & CEOPatrick Dignan - Executive VP & COODamon Delmonte - Managing DirectorRebecca Rand - SVP & Director of AccountingMark Fitzgibbon - Head of FSG ResearchRichard Cohen - Chief Financial Officer Operator Welcome to the Northeast Bank Third Quarter Fiscal Year twenty twenty five Earnings Call. My name is Victor, and I'll be your operator for today's call. This call is being recorded. With us t ...

Financial Data and Key Metrics Changes - The company reported a net income of $6.9 million or $0.08 per share, returning to profitability after a net loss of $14.1 million in the previous quarter [4] - Net interest margin expanded by nine basis points to 1.67%, with a significant reduction in provision expense and a $5 million decrease in non-interest expense compared to the fourth quarter [5][10] - Pre-provision net revenue increased to $9.7 million or $0.11 per share, compared to a loss of $2.3 million in the previous quarter [12] Business Line Data and Key Metrics Changes - The company funded $180 million in new loan balances at an average yield of 7.09%, with approximately 78% being commercial and industrial (C and I) loans [5] - Loans held for investment decreased primarily due to $354 million in payoffs, while loans held for sale remained unchanged at $1.3 billion [5] - Total non-interest income was $19.6 million, including a $4.7 million gain on the sale of securities [15] Market Data and Key Metrics Changes - Assets under management decreased to $5.1 billion from $5.4 billion at the end of the previous year, while trust assets under advisement increased to $1.2 billion from $1.1 billion [9] - Overall deposits declined to $9.6 billion, primarily due to a $400 million decrease in high-cost brokered deposits [9] Company Strategy and Development Direction - The company is focused on reducing its commercial real estate concentration and selectively exiting lower-yielding multifamily loans [5] - A strategic plan is in place to remix the loan portfolio, improve interest rate risk management, and grow non-interest income through various channels [8] - The company aims to improve sustainable profitability over the intermediate term, with expectations for net interest margin to reach between 1.8% and 2.2% by the end of 2026 [20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the financial future, highlighting strong capitalization, ample liquidity, and a focus on unlocking embedded value in the franchise [21] - The company anticipates a modest reduction in total assets as it works to reduce loans held for sale to zero and improve its deposit mix [20] - Management noted that while there is some hesitancy in capital expenditures among clients, there are also opportunities for growth in certain markets [27] Other Important Information - The company remains well-capitalized with a common equity Tier one ratio of 10.6% and a Tier one leverage ratio of 8.1% [19] - The tangible book value per share increased to $9.42 from $9.36 in the prior quarter [19] Q&A Session Summary Question: How have utilization rates trended thus far in 2025? - Management noted some hesitancy among clients regarding capital expenditures, but some clients have accelerated inventory purchases due to trade uncertainties [27] Question: Did you invest in any particular markets in 1Q? - The company added personnel in the Florida market and remains optimistic about that area, while most production is expected to come from California [29] Question: Is the decline in AUM due to fluctuations in customer account balances? - Management acknowledged some terminations and turnover but remains optimistic about the pipeline going forward [31] Question: What rate environment does the NIM outlook assume? - The company is assuming two rate cuts in 2025 and a total of six cuts through the end of 2027, remaining conservative in its outlook [36] Question: Any expense impact from internal control remediation? - Management indicated there will be some professional service expenses as they bring in expertise to accelerate the transition [43] Question: How do you expect overall loan balances to trend going forward? - The company expects modest growth in loan balances over time, focusing on reducing CRE concentration and increasing higher-yielding loans [70]

Blackstone Mortgage Trust (BXMT) Q1 2025 Earnings Call April 30, 2025 09:00 AM ET Speaker0 Good day, and welcome to Blackstone Mortgage Trust First Quarter twenty twenty five Investor Call. Today's conference is being recorded. At this time, all participants are in a listen only mode. At this time, I'd like to turn the conference over to Tim Hayes, Vice President Vice President, Shareholder Relations. Please go ahead. Speaker1 Good morning, and welcome, everyone, to Blackstone Mortgage Trust's first quarter ...