Stocks care about nominal GDP. Generally when when people like us talk about GDP, we talk about real GDP, which is GDP, you know, after inflation. Stocks don't care about that.Earnings are nominal numbers. So like if we have an eight or nine or 10% nominal GDP growth sort of figure, which is kind of what we think we're going to get for the first half, that means that just sort of the average company, if they just sort of hang around and just do the the general economic thing, is it going to have earnings gr ...

Financial Data and Key Metrics Changes - Adjusted net income for Q4 2025 increased 18% year-over-year to $47.7 million, with pre-tax, pre-provision earnings rising to $93.2 million, a 39% increase from Q3 and a 65% increase from the prior year quarter [6][7] - Return on assets (ROA) for Q4 was 1.22%, and return on tangible equity (ROTE) was 15.72%, with expectations to exceed 1.30% ROA and approximately 16% ROTE in Q4 2026 [4][5] - Net interest income reached $174.6 million, a 31% increase from the prior quarter, with net interest margin expanding 12 basis points to 3.44% [8][9] Business Line Data and Key Metrics Changes - Loan outstandings grew at an annualized rate of 15%, driven by strong commercial banking performance and the Villages acquisition [2][12] - Non-interest income increased to $28.6 million, a 20% rise from the prior quarter, with wealth management income growing 21% from the prior quarter [10][11] - Non-interest expense for Q4 was $130.5 million, including $18.1 million in merger costs and $23.4 million in provisions related to the Villages acquisition [11][12] Market Data and Key Metrics Changes - Deposits increased to $16.3 billion, up 29% from the prior quarter, largely due to the acquisition of VBI [15] - Customer transaction accounts represented 48% of total deposits, reflecting a strong relationship-focused approach [16] - The allowance for credit losses totaled $178.8 million, with coverage to total loans increasing to 1.42% [14] Company Strategy and Development Direction - The company plans to achieve adjusted revenue growth of 29%-31% for the full year 2026, with a focus on organic growth momentum and high single-digit loan growth [21][23] - A 15% increase in banker count is planned for 2026, with benefits expected to be fully realized in 2027 and 2028 [22][23] - The company aims to maintain a low- to mid-50s efficiency ratio over the cycle, balancing growth investments with profitability [68] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth outlook and the ability to deliver strong returns in 2026, emphasizing a strong balance sheet and operational strength [24] - The company remains vigilant in maintaining a disciplined credit culture, with a focus on high-quality loans and conservative risk management [13] - Management noted that while there are pockets of weakness in the Florida housing market, overall demand remains strong in key areas [86] Other Important Information - The Villages acquisition closed with higher tangible equity than initially projected, shortening the earn-back period [4] - The securities portfolio grew to $5.75 billion, with a focus on reducing risk and improving liquidity [17][18] - The company expects to manage capital effectively, considering options for dividends and buybacks in the future [46] Q&A Session Summary Question: Clarification on adjusted efficiency ratio - Management confirmed that the adjusted efficiency ratio includes amortization of intangible assets, which was previously excluded [34] Question: Loan growth attribution - Approximately 10% of the 15% loan growth was attributed to legacy Seacoast, with 2%-3% from the Villages acquisition, and the remainder from slower paydowns [38][40] Question: Capital return strategy - Management indicated that they will monitor capital levels and consider options for dividends and buybacks, focusing on the Villages deal first [46] Question: Fee income expectations - Management noted that mortgage banking income is expected to be higher due to the acquisition of a sizable servicing portfolio, impacting overall fee income [105]

Exon Mobile beating on both the top and the bottom lines. Joining us right now for an exclusive interview is Exxon Mobile's chairman and CEO, Darren Woods. Darren, welcome.Um, it's great to see you this morning. We know oil prices have been down, but how has Exxon been mo operating under those uh lower oil prices. >> Well, I think we had a, as you saw in the quarter, really strong quarter which topped off a really strong year as you said, oil prices down, commodity prices down across the year.That took abou ...

Core Insights - Freeport-McMoRan reported fourth-quarter 2025 earnings that exceeded expectations, with adjusted EPS of $0.47, surpassing analyst predictions of $0.28 to $0.29 per share [2][8] - Revenue for the quarter was approximately $5.63 billion, slightly down from the previous year but above consensus estimates, driven by higher realized commodity prices, with copper averaging $5.33 per pound and gold at $4,078 per ounce [2][5] Operational Performance - Copper production declined over 30% year-over-year due to a temporary halt at the Grasberg Block Cave mine, one of the largest copper mines globally [5] - Despite production challenges, the company exceeded sales volume forecasts in other areas and maintained cash costs under control, generating strong operational cash flow and an adjusted EBITDA of just over $2 billion for the quarter [5] Stock Performance - The stock price movements around the earnings announcement were mixed, as much of the positive news was already reflected in the stock price, with concerns about production scheduling dampening enthusiasm [6] - Recently, FCX stock has shown resilience, moving towards recent highs due to optimism surrounding the phased restart of Grasberg and favorable commodity pricing dynamics [6] Future Outlook - Management plans a phased restart of Grasberg operations in Q2 2026, with a potential return to full production by mid-2026, which is expected to significantly enhance production levels and earnings capacity [7] - For 2026, the company anticipates slightly lower copper sales and reduced gold production compared to 2025, but expects strong growth into 2027-2028 as major projects commence and output recovers [7] - Freeport reaffirmed its capital allocation priorities, focusing on prudent spending for growth initiatives while maintaining a robust balance sheet [7]

Core Insights - Hilltop Holdings Inc. (HTH) reported fourth-quarter 2025 earnings of 69 cents per share, exceeding the Zacks Consensus Estimate of 46 cents, marking a 25.5% increase from the prior-year quarter [1][9] - The company's net income attributable to common stockholders was $41.6 million, up 17.1% year over year, with earnings per share for 2025 at $2.64, surpassing the consensus estimate of $1.93 by a significant margin [2] Financial Performance - Net revenues for the fourth quarter reached $329.9 million, a 9.6% increase year over year, beating the Zacks Consensus Estimate of $302.8 million [3] - For the full year 2025, net revenues increased by 7.8% to $1.28 billion, also surpassing the Zacks Consensus Estimate of $1.24 billion [3] Income and Expenses - Net interest income (NII) rose 6.7% year over year to $112.5 million, with a net interest margin (NIM) of 3.04%, expanding by 30 basis points [4] - Non-interest income was $217.4 million, up 11.1%, driven by increases across all components except for mortgage loan origination fees [4] - Non-interest expenses increased by 2.3% to $268.9 million, primarily due to higher employee compensation and benefits costs [5] Credit Quality - The provision for credit losses was $7.8 million, contrasting with a reversal of credit losses of $5.9 million in the prior-year quarter, attributed to specific reserves and higher net charge-offs [6] - Non-performing assets as a percentage of total assets decreased to 0.39%, down 17 basis points from the year-ago quarter [7] Profitability and Capital Ratios - Return on average assets improved to 1.09%, up from 0.92% in the prior-year quarter, while return on average stockholders' equity increased to 7.60% from 6.50% [8] - The common equity tier 1 capital ratio was 19.70%, down from 21.23% year-over-year, and the total capital ratio decreased to 22.20% from 24.40% [10] Capital Distribution - The company repurchased 1.8 million shares for $60.8 million at an average price of $33.77 per share and authorized a new stock repurchase program of up to $125 million through January 2027 [11] - A quarterly cash dividend of 20 cents per share was announced, representing an 11% increase from the previous payout [12] Strategic Outlook - The company's restructuring efforts and improving fee income, along with decent loan demand, are expected to support revenue growth, although concerns remain regarding the mortgage origination segment and asset quality [13]

Microsoft stock dropped following the tech company's second quarter earnings. Our team analyzes the earnings call, why the stock dropped, and if it is a buying opportunity. For more on Big Tech earnings, please visit our website at https://finance.yahoo.com/ #youtube #microsoft #tech #earnings #AI #clouds About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your ...

>> BLOOMBERG TAG'S LIVE FROM COAST-TO-COAST WITH CAROLINE HYDE IN NEW YORK AND ED LUDLOW IN NEW YORK. -- SAN FRANCISCO. ED: COMING UP, AI CAPEX INFO.DACHSHUND FOCUS AFTER META, MICROSOFT AND TESLA REPORT EARNINGS. CAROLINE: APPLE IS SET TO REPORT EARNINGS WITH THE IMPACT OF MEMORY PRICES TOP OF MIND. ED: AMAZON REPORTED HUNDREDS OF THOUSANDS OF PIECES OF CONTENT IT BELIEVED IT INCLUDED A CHILD SEXUAL ABUSE MATERIAL THAT IT FOUNDED DATA GATHERED TO IMPROVE ITS AI MODELS.WE HAVE THE BLOOMBERG REPORTING. CAROL ...

Core Insights - Earnings for 2025 were reported as the best ever for the company, indicating strong financial performance and growth potential [1] - Capital inflows were described as "stunning" by the CEO, suggesting significant investor confidence and interest in the company's offerings [1] Financial Performance - The company achieved record earnings for 2025, highlighting its successful strategies and market positioning [1] - The impressive capital inflows reflect a robust demand for the company's investment products and services [1]

Group 1 - US stocks showed mixed performance as investors reacted to earnings reports from major technology companies and the Federal Reserve's interest rate decision [1] - The S&P 500 index increased by 0.1%, indicating a cautious market sentiment after previously crossing the 7,000 level [1]

US earnings have been far from reassuring to date, with companies serving up the fewest positive surprises in a year. That’s triggered the sharpest negative stock reaction for decades. https://t.co/0FUc61hwJl ...