Pathfinder Bank’s parent company earned $0.41 per diluted share on improving operating efficiency and growth in net interest income, net interest margin, core deposits and commercial loansOSWEGO, N.Y., April 30, 2025 (GLOBE NEWSWIRE) -- Pathfinder Bancorp, Inc. (“Pathfinder” or the “Company”) (NASDAQ: PBHC) announced its financial results for the first quarter ended March 31, 2025. The holding company for Pathfinder Bank (“the Bank”) earned net income attributable to common shareholders of $3.0 million or $ ...

Financial Data and Key Metrics Changes - Net income for the first quarter of 2025 was $13.1 million, with a return on average assets of 1.3% and return on average equity of 13.28% [10] - Average loan yields increased by one basis point to 6.02%, while net interest margin improved to 3.45% from 3.36% in the previous quarter [10] - Total loans held for investment rose by $89.1 million or 2.52% from the prior quarter [4] Business Line Data and Key Metrics Changes - The commercial real estate segment of the loan portfolio increased to 81.11% from 80.75% quarter over quarter [5] - Loan originations for the first quarter were $259.3 million, with payoffs and pay downs totaling $65.6 million and $104.6 million respectively [5] - Non-performing loans remained stable at 0.05% of loans held for investment [6] Market Data and Key Metrics Changes - Deposits increased by $178.4 million or 5% compared to the previous quarter, driven by increases in non-interest bearing demand and various types of interest-bearing deposits [6][7] - Non-wholesale deposits increased by $48.4 million or 1.61% quarter over quarter [8] - The cost of total deposits decreased by 10 basis points to 2.48% during the first quarter [9] Company Strategy and Development Direction - The company is focused on organic growth and disciplined business practices, aiming to benefit customers, employees, community, and shareholders [14] - Expansion into the San Francisco Bay Area is supported by adding seasoned professionals and increasing core deposit accounts [4] - The company aims to maintain a fortress balance sheet with a target of 10% cash and a loan-to-deposit ratio below 100% [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience and ability to adapt to changing economic conditions, projecting loan growth of 10% to 12% for the remainder of the year [19][20] - Concerns regarding tariffs and economic slowdown were acknowledged, but management believes the bank is well-positioned due to the composition of its loan portfolio [30] - The company remains optimistic about the demand for its services, particularly in the mobile home park and RV park sectors [29] Other Important Information - The company declared a cash dividend of $0.20 per share, expected to be paid on May 12, 2025 [9] - Five Star Bancorp was ranked third on the S&P Global Market Intelligence List of best-performing community banks among banks with assets between $3 billion and $10 billion [61] Q&A Session Summary Question: Loan growth outlook for the year - Management is bullish on loan growth, projecting 10% to 12% for the remainder of the year due to a strong sales force and solid pipelines [19][20] Question: Reason for higher cost wholesale funding - Management indicated that core deposit growth is expected to match loan growth, and they do not anticipate additional wholesale funding [22] Question: Impact of tariffs on RV manufactured housing business - Management feels comfortable with their portfolio's performance in the face of tariffs, citing historical resilience during economic downturns [30] Question: Changes in allowance for loan losses - The increase in allowance was driven by portfolio growth and revised economic forecasts from the FOMC [35] Question: Loan pricing competition - Management acknowledged competitive pricing but remains satisfied with their current loan spreads [40] Question: Customer hesitancy to borrow - Management noted strong demand in certain asset classes and emphasized their robust sales team as a key factor in maintaining loan growth [46][47] Question: Loan demand differences across regions - Management reported no significant challenges in the Bay Area, highlighting strong opportunities and a growing client base [49][50] Question: Small business borrowers' response to economic uncertainty - Management indicated that small business borrowers face high costs of borrowing, but they maintain a high level of reserves against this book [52][54]

Financial Data and Key Metrics Changes - Net income for the first quarter of 2025 was $13.1 million, with a return on average assets of 1.3% and return on average equity of 13.28% [10] - The net interest margin improved to 3.45% from 3.36% in the previous quarter, driven by lower average cost of deposits [10] - Total loans held for investment increased by $89.1 million or 2.52% from the prior quarter [4][10] - Non-performing loans remained stable at 0.05% of loans held for investment [6] Business Line Data and Key Metrics Changes - The commercial real estate segment of the loan portfolio increased from 80.75% to 81.11% quarter over quarter [5] - Loan originations during the first quarter were $259.3 million, while payoffs and pay downs were $65.6 million and $104.6 million respectively [5] - Non-interest income decreased to $1.4 million from $1.7 million in the previous quarter, primarily due to a reduction in income from equity investments [11] Market Data and Key Metrics Changes - Deposits increased by $178.4 million or 5% compared to the previous quarter, driven by increases in non-interest bearing demand and various types of interest-bearing deposits [6][7] - Non-wholesale deposits increased by $48.4 million or 1.61% quarter over quarter [8] - Local agency deposits accounted for 22.4% of total deposits as of March 31, 2025 [8] Company Strategy and Development Direction - The company is focused on organic growth and disciplined business practices, aiming to benefit customers, employees, community, and shareholders [13] - Expansion into the San Francisco Bay Area is a key strategic initiative, supported by the addition of seasoned professionals [4][12] - The company aims to maintain a fortress balance sheet with a target of 10% in cash and a loan-to-deposit ratio below 100% [21] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience and ability to adapt to changing economic conditions [13] - The company anticipates loan growth of 10% to 12% for the remainder of the year, supported by a strong sales force [18][19] - Concerns regarding tariffs and economic slowdown were acknowledged, but management believes the company is well-positioned relative to competitors [30] Other Important Information - The company declared a cash dividend of $0.20 per share, expected to be paid on May 12, 2025 [9] - Five Star Bancorp was ranked third on the S&P Global Market Intelligence List of best-performing community banks in the nation [61] Q&A Session Summary Question: Loan growth outlook for the year - Management is bullish on loan growth, expecting 10% to 12% for the remainder of the year, supported by a strong sales force [18][19] Question: Reason for higher cost wholesale funding - Management indicated that core deposit growth is expected to match loan growth, and they do not anticipate additional wholesale funding [21] Question: Impact of tariffs on RV manufactured housing business - Management feels comfortable about the portfolio's performance, citing historical resilience during economic downturns [30] Question: Changes in allowance for loan losses - The increase in allowance was driven by portfolio growth and revised economic forecasts from the FOMC [34][35] Question: Loan pricing competition - Management acknowledged competitive pricing but remains satisfied with current spreads [38][39] Question: Customer hesitancy to borrow - Management noted strong demand in certain asset classes and emphasized the effectiveness of their sales force [46][47] Question: Small business borrowers' response to economic uncertainty - Management indicated that small business borrowers face high costs of borrowing, but reserves against this book remain high [53][55]

FirstSun Capital (FSUN) Q1 2025 Earnings Call April 29, 2025 11:00 AM ET Company Participants Ed Jacques - Director of Investor Relations & Business DevelopmentNeal Arnold - CEO, President, COO & DirectorRobert Cafera - Senior EVP & CFOWoody Lay - Vice PresidentTim Mitchell - Equity Research AssociateMatt Olney - Managing Director Conference Call Participants Matthew Clark - MD & Senior Research Analyst Operator Good morning, and welcome to the First Sun Capital Bancorp First Quarter twenty twenty five Earn ...

FISCAL Q4 2025 HIGHLIGHTS | $1.1 Million | $0.05 | $6.33 | 0.01% | | --- | --- | --- | --- | | Net Income | Diluted Earnings per | Tangible Book Value per | NPAs to Total Assets | | | Common Share | Share | | | Fiscal Quarter Comparison Highlights | | | | | --- | --- | --- | --- | | Net Interest | | Credit Quality | | | Income and Net | $9.2 million net interest income for the quarter compared to | | Non-performing assets at 0.01% of total | | Interest Margin | $8.6 million in Fiscal Q4 2024 | | assets and ...

Flagstar Financial, Inc. (FLG) reported a first-quarter 2025 loss per share of 23 cents, narrower than the Zacks Consensus Estimate of a loss of 26 cents. It had incurred a loss of 75 cents in the year-ago quarter.The results were primarily affected by a decline in net interest income (NII), along with lower loan and deposit balances. However, a rise in fee income and lower expenses acted as a tailwind.The results excluded certain non-recurring items. After considering these, the net loss available to commo ...

Financial Data and Key Metrics Changes - Adjusted earnings per share was $0.63, with a return on assets of 1.33% and a return on tangible common equity of 17.8% [7] - Net interest margin was strong at 3.88%, a decline of six basis points from the previous quarter [17][24] - Non-interest expenses decreased by 3.3% due to lower incentive compensation and fraud losses [10][31] - Tangible book value per share increased to $14.80, representing a 5% increase from the linked quarter and 18% year-over-year [13][35] Business Line Data and Key Metrics Changes - Loan balances were stable, with first-quarter loan production being seasonally lower [8] - Fee income was $61 million, a decline from the linked quarter due to seasonal fluctuations and less foreign exchange income [9][19] - Average deposit balances decreased by $99 million, primarily due to a seasonal decline in public funds [18][28] Market Data and Key Metrics Changes - The company maintained 21% of total balances in non-interest-bearing accounts and focused on growing lower-cost deposit balances [18] - Non-performing assets declined by 9.5%, indicating improvements in asset quality metrics [11] Company Strategy and Development Direction - The company is focused on growing tangible book value, which has increased by 35% over the last three years [13] - The company received the Gallup Exceptional Workplace Award for Associate Engagement, reflecting its commitment to employee engagement [14] - The company is in discussions regarding potential M&A opportunities, although current uncertainty may prolong these discussions [52] Management's Comments on Operating Environment and Future Outlook - Management expects modest loan growth in the second quarter, with healthy pipelines in consumer, C&I, and ICRE lines of business [8][37] - The company anticipates net interest margin to expand to a range between 3.95% and 4.05% in the next quarter, assuming a 25 basis point rate cut [39] - Management remains optimistic about the year overall despite economic uncertainties [41] Other Important Information - The company’s capital ratios are strong, with all regulatory ratios well above minimums [12][35] - The company is closely monitoring the impact of tariffs on clients and their operations [12][86] Q&A Session Summary Question: Steps to reduce asset sensitivity on the balance sheet - Management indicated that the balance sheet is asset sensitive and discussed the impact of rate cuts on deposit costs and net interest margin [46][48] Question: Changes in view toward capital deployment amid tariff uncertainty - Management noted increased M&A discussions but acknowledged that current uncertainty may slow down these discussions [51][52] Question: Review process for C&I credits and specific trends - Management highlighted a significant charge-off related to a specific industry and noted healthy workouts of classified loans [60][61] Question: Outlook for loan growth in the back half of the year - Management adjusted loan growth expectations for the year to 4% to 5% due to elevated payoffs [73][78] Question: Credit charge-offs and normalized expectations - Management expects charge-offs to stabilize in the range of 25 to 30 basis points, with improving trends in asset quality [81][82] Question: Exposure to tariffs and portfolio monitoring - Management is actively engaging with clients to understand the impact of tariffs and is monitoring specific sectors for potential risks [86][88]

First Business Financial Services (FBIZ) Q1 2025 Earnings Call April 25, 2025 02:00 PM ET Company Participants Corey Chambas - CEODavid Seiler - President & COOBrian Spielmann - CFODaniel Tamayo - Vice PresidentJames E. Hartlieb - President & CEO - First Business BankBradley A. Quade - EVP & Chief Credit OfficerDamon Delmonte - Managing DirectorBrian Martin - Director - Banks & Thrifts Conference Call Participants Jeffrey Rulis - MD & Senior Research AnalystNathan Race - Managing Director & Senior Research ...

First Financial Bancorp. (NASDAQ:FFBC) Q1 2025 Earnings Conference Call April 25, 2025 8:30 AM ET Company Participants Scott Crawley - Corporate Controller Archie Brown - President and CEO Jamie Anderson - CFO Bill Harrod - Chief Credit Officer Conference Call Participants Andrew Leischner - KBW Terry McEvoy - Stephens Inc. Daniel Tamayo - Raymond James Karl Shepard - RBC Capital Markets Kelvin Good morning, ladies and gentlemen, and thank you for standing by. My name is Kelvin, and I will be your conferenc ...

Byline Bancorp (BY) Q1 2025 Earnings Call April 25, 2025 10:00 AM ET Company Participants Brooks Rennie - Head-Investor RelationsAlberto Paracchini - PresidentRoberto Herencia - Chairman and CEOThomas J. Bell - Executive VP, Treasurer & CFOMark Fucinato - Executive VP & Chief Credit OfficerBrendan Nosal - Director - Equity ResearchDamon Delmonte - Managing DirectorTerry Mcevoy - Managing DirectorBrian Martin - Director - Banks & Thrifts Conference Call Participants Nathan Race - Managing Director & Senior R ...