Metropolitan Bank (MCB) Q1 2025 Earnings Call April 22, 2025 09:00 AM ET Company Participants Mark Defazio - President, Chief Executive OfficerDaniel Dougherty - Executive VP & CFOMark Fitzgibbon - Head of FSG ResearchYnyra Bohan - Equity Research AssociateChristopher O'Connell - Director Operator Welcome to the Metropolitan Commercial Bank's First Quarter twenty twenty five Earnings Call. Hosting the call today from Metropolitan Commercial Bank are Mark DiFazio, President and Chief Executive Officer and Da ...

Metropolitan Bank (MCB) Q1 2025 Earnings Call April 22, 2025 09:00 AM ET Company Participants Mark Defazio - President, Chief Executive OfficerDaniel Dougherty - Executive VP & CFOMark Fitzgibbon - Head of FSG ResearchYnyra Bohan - Equity Research AssociateChristopher O'Connell - Director Operator Welcome to the Metropolitan Commercial Bank's First Quarter twenty twenty five Earnings Call. Hosting the call today from Metropolitan Commercial Bank are Mark DiFazio, President and Chief Executive Officer and Da ...

Financial Data and Key Metrics Changes - The company reported a loan growth of $308 million or 5.1% and a deposit growth of $465 million or 7.8% in Q1 2025 [7][18] - The net interest margin (NIM) expanded by two basis points to 3.68% from 3.66% in the prior quarter, marking the sixth consecutive quarter of margin expansion [7] - Earnings per share (EPS) was reported at $1.45, a decrease of $0.43 compared to the prior period [21] - Tangible book value per share increased by more than 2.3% to $65.80, marking the ninth consecutive quarter of book value accretion [9] Business Line Data and Key Metrics Changes - Total loan originations and draws were approximately $490 million at a weighted average coupon (WAC) of about 7.84% [16] - The cost of interest-bearing deposits declined by 32 basis points, while the total deposit cost decreased by six basis points [19] - Non-interest income decreased by $763,000 primarily due to the absence of GPG fee income [26] Market Data and Key Metrics Changes - The company experienced a net outflow of $35 million in GPG deposits, primarily related to the return of reserve balances and check clearing [20] - The EB-5 related deposits increased by $100 million this quarter, totaling approximately $400 million [65] Company Strategy and Development Direction - The company is focused on capturing additional market share through traditional channels while exploring strategic opportunities to enhance shareholder value [14] - The ongoing investment in a new technology stack is expected to be fully integrated by the end of 2025, supporting the bank's growth [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate economic uncertainties, citing strong liquidity, capital, and earnings [6] - The company anticipates loan growth of 10% to 12% for the year, with a full-year NIM expected to be between 3.70% and 3.75% [28] Other Important Information - The effective tax rate for the quarter was approximately 30% [28] - The company has not identified any broad-based negative trends affecting its loan portfolio [11] Q&A Session Summary Question: Clarification on total operating expenses for Q2 - The CFO indicated that total operating expenses for Q2 will be closer to $45 million, including adjustments for IT spending [35] Question: Remaining GPT-related expense or income items - The CFO confirmed that there will be no remaining fee-related income or expenses from the GPT business [37] Question: Implications of the gold card program on the EB-5 business - Management believes the gold card program could serve as a complementary product to the EB-5 program without disrupting core business [40][41] Question: Seasonal patterns in deposit growth - Management stated there are no seasonal patterns affecting deposit growth [42][44] Question: Discussion on potential dividends - Management confirmed that discussions regarding the possibility of paying a small dividend have been ongoing [46] Question: Trends in non-owner occupied CRE customer occupancy - Management reported that the non-owner occupied CRE portfolio remains stable and diversified [50] Question: Incremental competitive pressures on loan or deposit sides - Management indicated that there is no significant competition in New York City [55]

Washington Trust Bancorp, Inc. (WASH) Q1 2025 Earnings Conference Call April 21, 2025 10:00 AM ET Company Participants Ron Osberg - Senior Executive Vice President, Chief Financial Officer and TreasurerMary Nunes - President and Chief Operating OfficerDarren - Conference Call Moderator (Operator)Jayla - Conference Call Communications RepresentativeBill Ray - Senior Executive Vice President and Chief Risk OfficerNed Handy - Chairman and Chief Executive Officer Conference Call Participants Damon Del Monte - A ...

Simmons First National Corporation (SFNC) Q1 2025 Earnings Conference Call April 17, 2025 08:30 AM ET Company Participants Operator - Conference Call OperatorEd Billick - Director of Investor RelationsJay Brogdon - PresidentDaniel Hobbs - CFOGeorge Makris - Chairman and CEO Conference Call Participants David Feaster - Analyst, Raymond JamesWoody Lee - Analyst, KBWAhmad Hassan - Analyst, DA DavidsonMatt Olney - Analyst, Stevens Operator Good morning and welcome to the Simmons First National Corporation first ...

Huntington Bancshares (HBAN) Q4 2024 Earnings Call January 17, 2025 09:00 AM ET Company Participants Timothy Sedabres - Executive VP & Head of Investor RelationsStephen Steinour - Chairman, President & CEOZachary Wasserman - CFO & Senior EVPEbrahim Poonawala - Managing Director - Head of North American Banks ResearchBrian Foran - Managing DirectorJon Arfstrom - Managing Director - Associate Director of US ResearchNathan Stein - Vice President Equity Research Conference Call Participants Manan Gosalia - Equi ...