South Plains Financial (SPFI) Q1 2025 Earnings Call April 24, 2025 05:00 PM ET Company Participants Steven Crockett - CFO & TreasurerCurtis Griffith - Chairman & CEOCory Newsom - Director and PresidentWoody Lay - Vice PresidentBrent Bates - CCOJoseph Yanchunis - Senior Equity Research Associate Operator Good afternoon, ladies and gentlemen, and welcome to the South Plains Financial First Quarter twenty twenty five Earnings Conference Call. During today's presentation, all parties will be in a listen only mo ...

First Merchants Corporation (NASDAQ:FRME) Q1 2025 Results Conference Call April 24, 2025 11:30 AM ET Company Participants Mark Hardwick - Chief Executive Officer Michael Stewart - President Michele Kawiecki - Chief Financial Officer John Martin - Chief Credit Officer Conference Call Participants Daniel Tamayo - Raymond James Terry McEvoy - Stephens Damon DelMonte - KBW Nathan Race - Piper Sandler Brian Martin - Janney Montgomery Scott Operator Thank you for standing by, and welcome to the First Merchants Co ...

Financial Data and Key Metrics Changes - The company reported adjusted earnings per share of $0.32, excluding merger-related expenses, indicating strong performance in Q1 2025 [10] - Net interest margin expanded by 19 basis points to 2.51%, driven by lower deposit pricing and higher loan yields [12][20] - First-quarter loan balances increased by 16% on an annualized basis, reflecting strong loan growth [11][31] Business Line Data and Key Metrics Changes - Core deposit growth was 8% annualized in Q1 2025, contributing to the company's ability to pursue loan growth [11][29] - Non-interest income remained elevated at $2.1 million, including $325,000 from investment advisory fees related to the recent acquisition [26] - The multifamily loan portfolio, particularly in affordable housing, grew by 13% over the past year, now totaling nearly $600 million [37] Market Data and Key Metrics Changes - The loan pipeline is at its highest level since 2022, indicating increased demand in the market [33] - The company noted favorable market trends in the Twin Cities, with improved absorption levels and rent growth in the multifamily sector [39] Company Strategy and Development Direction - The company aims to gain market share amid ongoing market disruptions in the Twin Cities, focusing on affordable housing and commercial & industrial (C&I) spaces [56] - Two significant technology initiatives are planned for 2025, including an upgraded online banking platform and systems conversion from the recent acquisition [56] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about loan growth, projecting mid to high single-digit growth for the full year 2025, despite potential economic uncertainties [50] - The company is actively monitoring the impact of tariffs and market volatility on client behavior and loan demand [17][33] Other Important Information - The company repurchased approximately $600,000 of common stock during the quarter, with $14.7 million remaining under the current share repurchase authorization [48] - Non-performing assets increased to 0.2% of loans, primarily due to one office loan moved to non-accrual status, but overall asset quality remains strong [14][44] Q&A Session Summary Question: Changes in competition in the CRE market - Management noted increased activity from previously sidelined players, tightening spreads slightly, but remains confident in their competitive position [60][62] Question: Details on margin and deposit costs - The March average margin was reported at 2.53%, with deposit costs at 3.18% for the quarter, indicating ongoing efforts to lower costs while maintaining loan yields [64][66] Question: Loan growth distribution throughout the quarter - Loan growth was relatively steady across the quarter, with a slight bias towards the back half [68] Question: Timeline for the workout of a non-accrual loan - The workout process for the non-accrual loan is expected to be longer-term, dependent on economic conditions, with the borrower engaged in a workout plan [71] Question: Outlook on M&A activity - The company is in discussions with owners of smaller franchises in the Twin Cities but has no imminent deals [91] Question: Share repurchase decision-making process - The company evaluates share repurchases based on valuations, growth prospects, and capital needs, maintaining flexibility in decision-making [97]

Image source: The Motley Fool.Wednesday, Apr 23, 2025CALL PARTICIPANTSDavid A. Brager: President and Chief Executive OfficerAllen Nicholson: Executive Vice President and Chief Financial OfficerNeed a quote from one of our analysts? Email [email protected]Net Earnings: Reported net earnings of $51.1 million, or $0.36 per share, for Q1 2025, representing the 192nd consecutive quarter of profitability Net Interest Margin: Expanded by 13 basis points to 3.31% in Q1 2025, up from 3.18% in Q4 2024Total Loans: $8. ...

Core Insights - S&T Bancorp reported strong Q1 2025 results with earnings per share (EPS) of 87¢, net income of $33 million, and growth in customer deposits and loans, exceeding previous quarters and consensus estimates [2][3][8] - The company experienced a 7.23% annualized growth in customer deposits, marking the seventh consecutive quarter of expansion, primarily driven by consumer activities [4][9] - Loan growth was recorded at 4.89% annualized, with significant contributions from commercial real estate and construction sectors, while C&I loan balances declined by $20 million [5][9] Financial Performance - Net interest margin expanded by 4 basis points to 3.81% in Q1 2025, supported by a decrease in funding costs [2][10] - The allowance for credit losses decreased by approximately $2.5 million, ending the quarter at 1.26% of total loans, indicating improved asset quality [2][9] - The company completed $193.6 million in bond restructurings, projected to increase net interest income by about $5 million in 2025 [5][11] Growth Outlook - Management expressed confidence in mid-single-digit loan growth for the first half of 2025, with potential acceleration to high mid-single digits in the second half as newly hired bankers' pipelines materialize [3][4][9] - The commercial loan pipeline increased by nearly 40% since year-end 2024, indicating strong future growth potential [4][9] - The company anticipates crossing the $10 billion asset threshold organically in the second half of 2025 [5][14] Market Positioning - The company has been recognized for strong financial performance and superior employee engagement by organizations like Forbes and S&P [7][8] - The management team is focused on maintaining top-tier asset quality and profitability while navigating market uncertainties [8][29] - The company is actively recruiting C&I bankers to support pipeline expansion and organic growth [28][29]

Colony Bankcorp, Inc. (NYSE:CBAN) Q1 2025 Earnings Conference Call April 24, 2025 9:00 AM ET Company Participants Brantley Collins – Communications Manager Heath Fountain – Chief Executive Officer Derek Shelnutt – Executive Vice President and Chief Financial Officer Conference Call Participants Operator Good morning, ladies and gentlemen, and welcome to the Colony Bank First Quarter 2025 Conference Call. At this time all lines are in listen-only mode. Following the presentation, we will conduct a question-a ...

Colony Bankcorp (CBAN) Q1 2025 Earnings Call April 24, 2025 09:00 AM ET Company Participants Brantley Collins - Communication SpecialistHeath Fountain - CEODerek Shelnutt - Executive VP & CFO Operator Good morning, ladies and gentlemen, and welcome to the Colony Bank first quarter '20 '20 '5 conference call. At this time, all lines are in a listen only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call require immediate assistance, please dial 0. ...

Central Pacific Financial Corp. (NYSE:CPF) Q1 2025 Results Conference Call April 23, 2025 2:00 PM ET Company Participants Dayna Matsumoto - Group Senior Vice President, Director of Finance and Accounting Arnold Martines - Chairman, President and Chief Executive Officer David Morimoto - Senior Executive Vice President and Chief Financial Officer Ralph Mesick - Senior Executive Vice President and Chief Risk Officer Conference Call Participants David Feaster - Raymond James Andrew Liesch - Piper Sandler Operat ...

Central Pacific Financial (CPF) Q1 2025 Earnings Call April 23, 2025 02:00 PM ET Company Participants Dayna Matsumoto - EVP & CFOArnold Martines - Chairman, President & CEODavid Morimoto - Vice Chairman & COORalph Mesick - Senior EVP & Chief Risk OfficerDavid Feaster - Director - BankingAndrew Liesch - Managing Director Operator Good afternoon, ladies and gentlemen. Thank you for standing by, and welcome to the Central Pacific Financial Corp. First Quarter twenty twenty five Conference Call. During today's ...

Financial Data and Key Metrics Changes - The company recorded net income of $9.4 million or $0.37 per diluted share, with a return on average assets (ROA) of 1% for Q1 2025 [12] - Excluding the OREO write down, EPS would have been $0.40 per share or an ROA of 1.07% [12] - Net interest margin increased to 3.65% from 3.54% in the previous quarter, supported by a decline in interest-bearing deposit costs [14] - Nonperforming assets to total assets declined to 0.42% from 0.46% at the end of Q4 2024 [15] Business Line Data and Key Metrics Changes - Loan growth was strong at $92 million, representing a 12% annualized growth rate, with significant contributions from asset-based lending, private equity, and small business lending [8][25] - The asset-based lending portfolio increased to just over $90 million, while the private equity fund banking portfolio grew to $128 million [10] - Small business lending, including Business Express and SBA loans, reached $91 million [10] Market Data and Key Metrics Changes - Total deposits increased by $64 million or 8% from the previous quarter, with noninterest-bearing deposits growing significantly [21] - The noninterest-bearing demand deposits ratio rose to 17.2%, up from 15.8% a year ago [21] - Time deposits increased by $47 million, supported by brokered funding [22] Company Strategy and Development Direction - The company aims to focus on deposit generation and maintaining profitable relationships in a competitive environment [20] - Plans for branch expansion include opening new branches in New Jersey and relocating a Florida branch [22] - The company is investing in technology, including the rollout of a Salesforce CRM tool to enhance customer relationship management [24] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding loan demand, anticipating continued activity in construction and refinancing despite potential economic slowdowns [41][42] - The company is focused on maintaining a strong credit profile and managing risks associated with new lending units [88] - Management believes the current allowance for credit losses is adequate, with a strong coverage ratio relative to peers [51] Other Important Information - The efficiency ratio remained strong at 57.65%, below 60% for 23 consecutive quarters [18] - The company continued its buyback program and maintained a stable cash dividend [19] Q&A Session Summary Question: Loan growth in the quarter and future lending environment - Management noted that much of the loan activity is tied to ongoing projects, with expectations for continued demand in the near term [41][42] Question: Buyback activity and future plans - Management indicated that buyback activity is on the radar, especially while the stock trades at lower levels [47][48] Question: Credit reserves and economic outlook - Management feels comfortable with the current allowance for credit losses, indicating a strong coverage ratio [50][51] Question: OREO write down details - The write down was related to an acquired loan in New York City, with management taking a conservative approach to ensure full coverage [56][57] Question: NIM and funding costs - Management discussed expectations for stable net interest margin, with some headwinds and tailwinds offsetting each other [66] Question: Growth targets for C&I lending - Management provided growth targets for asset-based lending and private equity, indicating potential for significant increases in the coming years [74][75]