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 new and follow-on loans totaling $9.7 million [6] Market Data and Key Metrics Changes - The company reported $2.6 million in cash collections from the 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 it continues to expand correctly [11] - The strategic partnership program is expected to diversify offerings, including loans for employee benefits and medical procedures [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 from charge-off loans [9] - The company anticipates continued gains from equity investments, although the timing of exits is unpredictable [8][27] Other Important Information - The company repurchased approximately 60,000 shares and has nearly $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 [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 matter has been resolved, pending board approval and a judge's sign-off [22] Question: What flexibility exists in building reserves? - Management confirmed flexibility in determining allowances, using qualitative factors in Q1 [23] Question: Are there any anticipated capital gains from Medallion Capital for the rest of the year? - Management expects one or two more capital gains this year, though timing is uncertain [27] Question: What is the outlook on margins and total loan growth for the rest of the year? - Management anticipates margins to remain stable and expects loan growth of 5% to 7% for the year [49][50]

Altisource Portfolio Solutions (ASPS) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Speaker0 day, and welcome to the Altisource Portfolio Solutions First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. After the speaker presentation, there will be a question and answer session. To ask a question during the session, you will need to press 11 on your telephone. Please be advised that today's conference is being recorded. I would now like to hand the confere ...

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 ...

Financial Data and Key Metrics Changes - FBRT reported GAAP earnings of $23.7 million or $0.20 per diluted common share for Q1 2025, while distributable earnings were negative $6.2 million or negative $0.12 per fully converted share [15] - Distributable earnings before realized losses were $31.9 million or $0.31 per fully converted common share [15] - The book value per fully converted common share at the end of the quarter stood at $14.95, reflecting a decrease primarily due to dividend payouts exceeding earnings [18] Business Line Data and Key Metrics Changes - The company originated $341 million in new loan commitments during Q1 2025, with multifamily loans accounting for 79% of total origination volume [18] - Loan repayments totaled $353 million, predominantly from loans originated in 2021 and 2022 [18] - The average cost of debt on the core portfolio was SOFR plus 2.18% [19] Market Data and Key Metrics Changes - The core portfolio totaled $4.8 billion at quarter end, comprised of 152 loans, with multifamily securing 71% of the portfolio [23] - The average risk rating at quarter end was 2.2, with 146 of 152 positions risk-weighted at two or three [12] Company Strategy and Development Direction - The pending acquisition of NewPoint is expected to provide meaningful synergies and aligns with the strategic focus on the multifamily sector, enhancing earnings quality and consistency [13] - The company aims to recycle the bulk of its legacy book into current vintage loans, positioning itself for sustained growth [13] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the NewPoint acquisition, viewing it as a catalyst for long-term value creation [13] - The company anticipates challenges in dividend coverage in the near term due to REO and non-performing loan portfolios, but believes in its long-term earning power [17] Other Important Information - The company has a liquidity position of $913 million, including $215 million in unrestricted cash [12] - The REO portfolio stood at 12 positions at quarter end, with plans to liquidate assets for optimal recovery [28] Q&A Session Summary Question: Plans for loan portfolio and REO proceeds - Management indicated that any new capital from REO sales would be proactively reinvested into new originations as soon as possible [35] Question: Impact of NewPoint acquisition on expenses - Expenses in Q1 included transaction costs related to NewPoint and REO expenses, which elevated overall costs [36] Question: Dividend sustainability and REO impact - Management is monitoring how quickly REO assets can be turned over and the potential impact of market volatility on dividend coverage [46][47] Question: Originations and deal flow - Management noted that while originations were paused for cash gathering for NewPoint, they expect to resume soon with a consistent deal flow available [55][58] Question: Changes at Fannie, Freddie, and HUD - Management expressed uncertainty about government actions but highlighted the unique opportunity presented by the NewPoint acquisition to build a competitive multifamily lending platform [62] Question: Agency business revenue contribution - Management did not disclose specific percentages for agency business revenue at close but indicated more details would be provided in the future [79]

America's Car-Mart, Inc. (NASDAQ:CRMT) Q3 2025 Earnings Conference Call March 6, 2025 9:00 AM ET Company Participants Vickie Judy - Chief Financial Officer Doug Campbell - President & Chief Executive Officer Jamie Fischer - Chief Operating Officer Conference Call Participants Kyle Joseph - Stephens John Murphy - Bank of America Vincent Caintic - BTIG Operator Thank you for standing by, and welcome to America's Car-Mart's Third Quarter Fiscal 2025 Earnings Conference Call. At this time, all participants are ...

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Q4 2024 Earnings Conference Call February 26, 2025 1:00 PM ET Company Participants Charles Bradley - CEO & Chairman Denesh Bharwani - CFO and EVP, Accounting & Finance Michael Lavin - President, COO & Chief Legal Officer Conference Call Participants Operator Good day, everyone, and welcome to the Consumer Portfolio Services 2024 fourth quarter operating results conference call. Today's call is being recorded. Before we begin, management has asked me to inform ...

Apollo Global Management (APO) Conference February 10, 2025 09:40 AM ET Company Participants Martin Kelly - CFO & Partner Conference Call Participants Brennan Hawken - Senior Analyst - Equity Research Brennan Hawken All right. Thanks, everyone, for joining. Brennan Halkin, EBS. I'm joined with Martin Kelly. Martin Kelly Good morning. Thanks for having me. Brennan Hawken Yes. Thanks for coming. Appreciate it. So we'd love to start, Martin, with ACS. The origination capabilities at Apollo are really a clear d ...