Dual recognition celebrates Alkami's acquisition of MANTL and the alignment of two award-winning cultures committed to transforming digital bankingPLANO, Texas, May 21, 2025 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., and its newly acquired subsidiary MANTL, a provider of account origination technology, today announced they have both been named to American Banker's 2025 list of the Best Pl ...

Nu Holdings (NU) Q1 2025 Earnings Call May 13, 2025 06:00 PM ET Company Participants Guilherme Souto - IR Officer and Director of Market IntelligenceDavid Vélez - Founder, CEO and ChairmanGuilherme Lago - CFOYoussef Lahrech - President and COOTito Labarta - Vice PresidentThiago Batista - Executive DirectorGustavo Schroden - Equity Research DirectorMario Pierry - Managing DirectorYuri Fernandes - Executive Director Conference Call Participants Jorge Kuri - AnalystEduardo Rosman - AnalystPedro Leduc - Analyst ...

Financial Data and Key Metrics Changes - The company added 4.3 million customers in Q1 2025, reaching a total of 19 million customers across all markets, with significant growth in Brazil and Mexico [6][10] - Net interest income (NII) grew 34% year over year, reaching an all-time high of $1.8 billion, while net income increased 74% year over year to $557 million [28][31] - The efficiency ratio improved to 24.7%, reflecting a significant year-over-year improvement [30] Business Line Data and Key Metrics Changes - The credit portfolio reached $24.1 billion, growing 8% quarter over quarter and 40% year over year [17] - Total loan originations reached a record of 20.2 billion reais in Q1, up 64% year over year, with unsecured loans being the main driver [20] - The average revenue per active customer (ARPAK) is expected to grow significantly as product usage deepens, with potential to exceed $25 after several years [12] Market Data and Key Metrics Changes - The company serves approximately 59% of Brazil's adult population, 12% in Mexico, and 8% in Colombia, indicating substantial market penetration opportunities [16] - In Mexico, the customer base grew 70% over the past four quarters, with deposits exceeding $5 billion and revenues nearly doubling [10][11] - The company’s gross profit market share in Brazil is only 5%, indicating significant room for growth [8] Company Strategy and Development Direction - The company is focused on long-term value creation rather than short-term earnings optimization, investing in deposit franchises in Mexico and Colombia [15] - The strategy includes expanding market share and enhancing customer engagement through innovative product offerings and improved credit models [9][14] - The company aims to capture value from the structural shift from cash to digital payments, particularly in underpenetrated markets like Mexico and Colombia [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential across Latin America, particularly in Brazil, Mexico, and Colombia, despite short-term margin pressures [15][26] - The company is optimistic about the future of secured lending products, including public and private payroll loans, which are expected to drive significant growth [22][79] - Management highlighted the importance of maintaining a strong customer experience while navigating competitive dynamics in the market [25][56] Other Important Information - The company has been approved for a banking license in Mexico, which will enable accelerated growth and product offerings [11] - The company’s credit underwriting capabilities have improved, allowing for responsible expansion of credit access [8][20] Q&A Session Summary Question: About the resilience of NIM in Brazil despite higher SELIC rates - Management explained that the resilience is due to increases in loan-to-deposit ratios offsetting headwinds from funding costs and portfolio mix changes [44][45] Question: Impact of FGTS loan origination disruption - Management estimated a 10% impact on originations due to the FGTS disruption, indicating a significant operational effect [48] Question: Focus on Brazil and Mexico versus international expansion - Management confirmed that Brazil, Mexico, and Colombia remain top priorities, with internationalization being a long-term goal [56][58] Question: Provision expenses and risk-adjusted NIMs - Management noted that seasonal effects largely influenced the increase in provision expenses, and they expect stability in risk-adjusted NIMs moving forward [64][66] Question: Growth potential in secured lending - Management highlighted the significant growth potential in secured lending, particularly in public payroll loans, and expressed confidence in their digital-first approach [72][78]

Q1 2025 Earnings Presentation First Quarter 2025 Results 1 May 13, 2025 Welcome Investor Relations Officer Guilherme Souto First Quarter 2025 Results 2 David Vélez Founder, Chief Executive Officer and Chairman Youssef Lahrech President and Chief Operating Officer Guilherme Lago Chief Financial Officer First Quarter 2025 Results 3 Disclaimer This presentation speaks at the date hereof and the Company is under no obligation to update or keep current the information contained in this presentation. Any informat ...

Core Viewpoint - Nu Holdings Ltd. is set to report its first-quarter 2025 results, with expectations of significant revenue and earnings growth compared to the previous year [1]. Financial Performance - The consensus estimate for revenues in Q1 2025 is $3.5 billion, reflecting a year-over-year growth of 27.6% [1]. - Total earnings are estimated at 12 cents per share, indicating a 33.3% increase from the same quarter last year [1]. - Interest income and gains are projected at $2.9 billion, a 29.8% rise year-over-year, while fee and commission income is expected to reach $529.4 million, up 16.2% [6]. Customer Growth - The number of active customers is anticipated to be 97.6 million, representing an 18.1% increase from the previous year [7]. - The company's customer-centric approach in Brazil, Mexico, and Colombia has contributed to this growth [7]. Stock Performance - Nu Holdings' shares have increased by 23.8% year-to-date, outperforming the industry average rise of 16.1% and the S&P 500's decline of 4.4% [8]. - The stock is currently trading at a trailing 12-month price-to-earnings ratio of 20.51X, which is higher than the industry average of 9.08X and the ratios of its peers, Bank of Montreal and Bank of Nova Scotia [11]. Business Model and Strategy - The company's digital-first and scalable business model enhances operational efficiency and reduces costs, positioning it as a significant player in traditional banking [12]. - Nu Holdings has seen a 22% year-over-year increase in active customers in Q4 2024, attributed to its digital-first strategy and expansion in Latin America [13]. - The long-term vision includes developing a global AI-driven digital banking model to provide financial services to a broader customer base [14]. Revenue Diversification - The diversified revenue model helps mitigate risks and provides stability during economic uncertainties, with a reported 24.3% year-over-year growth in Q4 2024 [15]. Competitive Landscape - The company operates in a highly competitive market and may need to invest significantly in technology and talent to maintain its competitive edge [16]. - Despite its strong fundamentals, Nu Holdings has a premium valuation, suggesting a cautious approach for investors [18].

Financial Data and Key Metrics Changes - The company reported strong growth in net revenue, maintaining the rapid pace achieved in 2024, with income from operations growing faster than revenue, particularly in Argentina [3][4] - Monthly active users reached 64 million, growing over 30% year on year [6] - EBIT margin improved by 70 basis points year on year, from 12.2% to 12.9% [95][96] Business Line Data and Key Metrics Changes - In Argentina, GMV growth was 126% year on year, with items sold increasing by 52% [18][22] - The supermarket category grew 65% year on year, outpacing other categories [30] - The fintech segment, particularly Mercado Pago, is focused on democratizing financial services, with a strong emphasis on user experience and product offerings [6][10] Market Data and Key Metrics Changes - Brand preference metrics for the marketplace reached all-time highs in Brazil, Mexico, Argentina, and Chile [4] - The credit book in Argentina grew significantly, with assets under management increasing by 69% year on year [22][58] - The company is seeing stabilization in Argentina's macroeconomic environment, contributing to improved performance [20][22] Company Strategy and Development Direction - The company aims to become the largest and best digital account in Latin America, with a focus on integrating Mercado Pago into its ecosystem [12][10] - Strategic investments are being made in logistics and credit card offerings in Brazil and Mexico, while maintaining a strong focus on growth opportunities in commerce and fintech [99][44] - The company is adapting its credit models to local markets, with plans to launch credit cards in Argentina in the second half of the year [76][68] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery in Argentina, citing lower inflation and decreasing interest rates as positive factors [20][22] - The company is focused on balancing growth and profitability, emphasizing the importance of long-term growth opportunities in Latin America [99][95] - Management noted that while there may be short-term margin pressures due to investments, the overall growth trajectory remains strong [98][95] Other Important Information - The company launched a new branding for Mercado Pago, aligning it with the overall ecosystem to enhance user confidence [10][11] - The logistics plan remains consistent, with ongoing investments to expand fulfillment centers as needed [44][45] Q&A Session Summary Question: Sustainability of trends in Argentina - Management highlighted strong growth in Argentina, driven by recovery in demand and market share gains, with a focus on enhancing the value proposition [17][19] Question: Drivers behind 1P GMV growth - The growth was attributed to improved selection and price competitiveness across various categories, with supermarket growth being particularly strong [28][30] Question: Contribution margin evolution in Argentina - Management noted that growth allowed for efficient dilution of fixed costs, with improvements in logistics and credit business profitability contributing to margin enhancements [49][50] Question: Asset quality trends - The company reported strong asset quality in Argentina, with low delinquencies and a growing credit card portfolio [55][58] Question: Strategy regarding deposits in Brazil - The focus is on marketing and positioning as a leading digital bank, with competitive rates to enhance customer loyalty [60][61] Question: Update on logistics plan - The logistics plan remains unchanged, with ongoing investments to meet demand projections [43][44] Question: Impact of credit portfolio on marketplace - Management does not expect any negative repercussions on marketplace growth from tightening credit issuance [75] Question: Competition from TikTok Shop and others - Management is monitoring new entrants closely, viewing them as potential opportunities to attract new users to the online marketplace [116][120]

Financial Data and Key Metrics Changes - In Q1 2025, the company reported total revenue of $97.8 million, representing a year-over-year growth of 28.5% [23] - Adjusted EBITDA improved to $12.1 million compared to $3.8 million in the same quarter last year, marking a significant increase [23] - The company exited the quarter with an Annual Recurring Revenue (ARR) of approximately $400 million, reflecting a 33% increase year-over-year [23][24] Business Line Data and Key Metrics Changes - Subscription revenue grew by 27% in Q1 2025, accounting for 95% of total revenue [23] - The company added 36 new digital banking clients, contributing to a total of 278 live clients and 20.5 million registered users, which is a 13% increase year-over-year [24] - The revenue per user (RPU) increased by 18% to $19.74, driven by the Mantle acquisition and successful add-on sales [25] Market Data and Key Metrics Changes - The company reported a strong demand environment for digital banking, with no observed decline in demand despite macroeconomic uncertainties [6][10] - The company’s sales pipeline remains robust, with a healthy mix of new client acquisitions and renewals [25] - The Mantle acquisition is expected to enhance the company's competitive position in both bank and credit union markets, with balanced demand observed in both segments [50] Company Strategy and Development Direction - The company is focused on enhancing its product offerings in onboarding and account opening, retail and commercial functionality, user experience, and personalization [13] - A strategic development center is being established in India to increase product and engineering capacity while maintaining profitability commitments [16] - The company aims to leverage its unique financial model to strengthen its competitive position in the SaaS market [34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the 2026 financial objectives, citing a strong implementation backlog and sales pipeline [6] - The demand for digital banking is viewed as essential for regional and community financial institutions to compete effectively [6][10] - Management remains optimistic about the future, indicating that digital banking projects are prioritized by clients despite economic uncertainties [96][100] Other Important Information - The Mantle acquisition, valued at $400 million, was completed earlier than expected and is anticipated to be accretive to adjusted EBITDA in 2026 [31][33] - The company has expanded its credit facility from $125 million to $225 million, enhancing its financial flexibility [30] Q&A Session Summary Question: Was the $5 million spend for the offshore initiative still a lighter expense in Q1? - Yes, it was a lighter expense in Q1, with the majority of the expense expected to concentrate in the third and fourth quarters of 2025 [36][37] Question: How much did Mantle contribute to the growth in revenue per user? - Mantle contributed about 1.8 to RPU this quarter, with a more normalized growth rate expected going forward [39][40] Question: What is the opportunity for cross-selling Mantle into the existing base? - Initial success has been seen with five transactions sold into the Alchemy base, and there is confidence in the cross-selling opportunity [42][43] Question: Where is the most traction being seen with the Mantle acquisition? - Balanced demand is observed in both banks and credit unions, with a focus on enhancing account opening experiences [50] Question: What would it take for banks to slow spending on digital banking projects? - It would require extraordinary dislocation for banks to halt their digital banking projects, as these are often budgeted line items [96][100]

Group 1 - VersaBank will hold its annual meeting of shareholders on April 24, 2025, at the VersaBank Innovation Centre of Excellence in London, Ontario, and it will be livestreamed from the Nasdaq MarketSite in New York City [1] - David Taylor, Founder, President, and CEO of VersaBank, along with Tel Matrundola, President of VersaBank USA, will ring the Nasdaq Closing Bell on April 25, 2025, at 4:00 p.m. ET, with a livestream available [2] Group 2 - VersaBank operates as a federally chartered bank in both Canada and the US, utilizing a branchless, digital, business-to-business model that leverages proprietary technology to serve underserved segments of the banking industry [3] - The bank launched its Receivable Purchase Program funding solution in August 2024, targeting the underserved multi-trillion-dollar US market, building on its success in Canada [3] - VersaBank owns DRT Cyber Inc., a leader in cybersecurity services, and its subsidiary Digital Meteor Inc. holds proprietary technology for next-generation digital assets, including Digital Deposit Receipts (DDRs) [3] Group 3 - VersaBank's common shares are traded on the Toronto Stock Exchange and NASDAQ under the symbol VBNK [4]

Group 1: US Receivable Purchase Program (RPP) - VersaBank has entered into an agreement with its second US RPP partner, aiming to leverage its innovative RPP to fund loan and lease originations [1] - The US RPP portfolio has surpassed US$70 million (approximately CAD$100 million) in assets within 75 days of adding the first partner, with a target of US$290 million in fiscal 2025 [2][3] - The company expects to add more RPP partners, driven by favorable market conditions as alternative funding costs rise [3] Group 2: Financial Performance and Net Interest Margin - VersaBank's net interest margin (NIM) has expanded significantly in the first two months of the second quarter of fiscal 2025, influenced by factors such as the normalization of the yield curve and the replacement of higher interest rate term deposits [4] - The addition of higher margin US RPP assets is also contributing positively to the NIM [4] Group 3: CMHC-Insured Loans - The bank is on track to reach its target of $1 billion in commitments for Canada Mortgage and Housing Corporation (CMHC)-insured loans by the end of fiscal 2025, with commitments exceeding $730 million as of April 15, 2025 [6] - CMHC-insured loans are zero risk-weighted, requiring no risk-weighted capital, thus generating an attractive spread that contributes favorably to the credit asset net interest margin [6] Group 4: Expansion of Deposit Broker Network - VersaBank has expanded its deposit broker network by adding BMO Nesbitt Burns Inc., which is expected to further enhance the bank's NIM in fiscal 2025 [5] Group 5: Overview of VersaBank - VersaBank operates a branchless, digital, business-to-business model, utilizing proprietary technology to address underserved segments of the banking industry [9] - The bank launched its Receivable Purchase Program in the US market, which has been successful in Canada for nearly 15 years [9]

Q2 (QTWO) Q4 2024 Earnings Call February 12, 2025 05:00 PM ET Company Participants Josh Yankovich - Investor RelationsMatt Flake - Chief Executive OfficerJonathan Price - CFOTerry Tillman - Managing DirectorKirk Coleman - PresidentJames Faucette - Managing DirectorMarc Feldman - Equity Research AssociateDaniel Perlin - Managing Director Conference Call Participants Alex Sklar - AnalystJoe Vruwink - Senior Research AnalystAdam Hotchkiss - AnalystAndrew Schmidt - AnalystCharles Nabhan - Research AnalystParker ...