Southside Bancshares (SBSI) Q1 2025 Earnings Call April 29, 2025 12:00 PM ET Company Participants Lindsey Bailes - VP & Investor Relations OfficerLee Gibson - President and CEOKeith Donahoe - PresidentJulie Shamburger - CFOBrett Rabatin - Director of ResearchWoody Lay - Vice PresidentTim Mitchell - Equity Research AssociateMatt Olney - Managing Director Operator Good day, and thank you for standing by. Welcome to the Southside Bancshares Inc. First Quarter twenty twenty five Earnings Call. At this time, all ...

FirstSun Capital (FSUN) Q1 2025 Earnings Call April 29, 2025 11:00 AM ET Company Participants Ed Jacques - Director of Investor Relations & Business DevelopmentNeal Arnold - CEO, President, COO & DirectorRobert Cafera - Senior EVP & CFOWoody Lay - Vice PresidentTim Mitchell - Equity Research AssociateMatt Olney - Managing Director Conference Call Participants Matthew Clark - MD & Senior Research Analyst Operator Good morning, and welcome to the First Sun Capital Bancorp First Quarter twenty twenty five Earn ...

Northwest Bancshares Inc (NWBI) Q1 2025 Earnings Call April 29, 2025 09:00 AM ET Company Participants Michael Perry - Head of Corporate Development & StrategyLouis Torchio - President and CEODouglas Schosser - Chief Financial OfficerDaniel Tamayo - Vice PresidentTim Switzer - Vice PresidentMatthew Breese - Managing Director Conference Call Participants None - Analyst Operator you for standing by. At this time, I would like to welcome everyone to the Northwest Bancshares Inc. First Quarter twenty twenty five ...

SANTA ROSA, Calif., April 29, 2025 (GLOBE NEWSWIRE) -- Summit State Bank (the "Bank") (Nasdaq: SSBI) today reported net income of $2,494,000, or $0.37 per diluted share for the first quarter ended March 31, 2025, compared to net income of $1,395,000, or $0.21 per diluted share for the first quarter ended March 31, 2024. "Our operating performance for the first quarter of 2025 was a significant improvement over the prior quarter, fueled by strong net interest income generation and net interest margin expansi ...

FISCAL Q4 2025 HIGHLIGHTS | $1.1 Million | $0.05 | $6.33 | 0.01% | | --- | --- | --- | --- | | Net Income | Diluted Earnings per | Tangible Book Value per | NPAs to Total Assets | | | Common Share | Share | | | Fiscal Quarter Comparison Highlights | | | | | --- | --- | --- | --- | | Net Interest | | Credit Quality | | | Income and Net | $9.2 million net interest income for the quarter compared to | | Non-performing assets at 0.01% of total | | Interest Margin | $8.6 million in Fiscal Q4 2024 | | assets and ...

Core Viewpoint - Freedom Financial Holdings reported strong financial results for the first quarter of 2025, with a significant increase in net income and improvements in key financial metrics despite a challenging economic environment [1][2]. Financial Performance - Net income for Q1 2025 was $2,019,348, or $0.28 per diluted share, representing a 73.4% increase compared to the same quarter in 2024 [1][11]. - Net interest income was $7.72 million, up 20.17% from the previous quarter but down 17.91% from Q1 2024 [3][11]. - Total revenue increased by 13.04% compared to the linked quarter and 12.65% year-over-year [6][11]. Cost and Efficiency - Non-interest expenses decreased by $447,995, or 6.93%, compared to the linked quarter, and by 3.30% compared to the same period in 2024 [7][11]. - The Efficiency Ratio improved to 69.22% for Q1 2025, down from 84.07% in the previous quarter and 80.64% in Q1 2024 [8][11]. Asset Quality - Non-accrual loans decreased by 22% to $10.7 million, representing 1.45% of loans held-for-investment [2][9]. - Total non-performing assets were 1.01% of total assets as of March 31, 2025, down from 1.25% at the end of the previous quarter [9][10]. Capital and Liquidity - Total assets were $1.08 billion, a decrease of $8.3 million from December 31, 2024 [12][11]. - Stockholders' equity was $81.11 million, slightly down from $81.44 million at the end of 2024 [13][11]. - The Company maintained strong capital ratios, with a Total Capital Ratio of 14.95% as of March 31, 2025 [15][11]. Shareholder Actions - The Company repurchased 177,692 shares under its share repurchase program, with a total of 214,400 shares repurchased out of the 250,000 authorized [14][11].

Core Viewpoint - BankUnited, Inc. (BKU) reported first-quarter 2025 earnings of 78 cents per share, exceeding the Zacks Consensus Estimate of 74 cents and up from 64 cents in the prior-year quarter [1] Financial Performance - Net income for the quarter was $58.5 million, reflecting a 21.9% increase from the previous year, surpassing the estimate of $56.6 million [2] - Quarterly net revenues reached $255.4 million, a 5.7% year-over-year increase, but fell short of the Zacks Consensus Estimate of $261.7 million [3] - Net interest income (NII) was $233.1 million, growing by 8.5%, while the net interest margin (NIM) expanded by 24 basis points to 2.81% [3] Income and Expenses - Non-interest income decreased by 17.1% to $22.3 million, primarily due to a 62.3% drop in lease financing income, which was below the projected $24.8 million [4] - Non-interest expenses rose slightly to $160.2 million, driven by increased employee compensation, technology costs, and other expenses, partially offset by lower depreciation costs [4] Loan and Deposit Trends - Total loans amounted to $24 billion, a slight decrease from the prior quarter, while total deposits were $28.1 billion, showing a marginal increase [5] Credit Quality - The provision for credit losses was $15.1 million, down 1.1% from the previous year, which was better than the expected $16.1 million [6] - The ratio of net charge-offs to average loans increased to 0.33%, up 31 basis points year-over-year, and the non-performing assets ratio rose to 0.76%, an increase of 42 basis points [6] Capital and Profitability Ratios - The Common Equity Tier 1 risk-based capital ratio improved to 12.2% from 11.6%, and the total risk-based capital ratio increased to 14.3% from 13.7% year-over-year [7] - Return on average assets was 0.68%, up from 0.54% in the prior year, and return on average stockholders' equity rose to 8.2% from 7.3% [7] Market Outlook - BankUnited's strategies to enhance fee income, attract low-cost deposits, and benefit from higher interest rates are expected to support revenue growth, despite rising expenses and exposure to commercial real estate and residential loans [8]

Financial Data and Key Metrics Changes - The company reported a net income of $4.9 million for Q1 2025, which is a 67% increase year-over-year, translating to $0.30 per share [10] - The net interest margin improved by 36 basis points year-over-year, driven by a 7 basis point decrease in the cost of deposits [4][10] - The total risk-based capital ratio stood at 16.69%, with a tangible common equity (TCE) ratio of 9.82% [9] Business Line Data and Key Metrics Changes - Total loan originations for the quarter were $63 million, with commercial loan originations at $49 million, marking a fivefold increase from the same quarter last year [6] - Non-interest income increased by over $100,000 from the prior quarter, primarily due to higher earnings on Bank-Owned Life Insurance (BOLI) [13] - Non-interest expense rose by $2.9 million from the prior quarter, mainly due to seasonal increases in salaries and employee benefits [11] Market Data and Key Metrics Changes - Total deposits reached $3.3 billion, an increase of $82 million from the prior quarter, with non-interest bearing deposits comprising 43% of total deposits [13] - The average cost of deposits declined by 7 basis points in Q1, with continued reductions observed into April [14] Company Strategy and Development Direction - The company aims to continue generating solid financial performance in 2025, focusing on improving net interest margin and revenue [16] - There is an emphasis on adding banking talent to support profitable growth and investing in innovation and technology to enhance service quality [16] - The company is evaluating share repurchase options as part of its capital management strategy [17] Management's Comments on Operating Environment and Future Outlook - Management noted that while there is economic uncertainty, they expect a higher level of loan growth driven by new hires rather than a significant increase in market-wide loan demand [16] - The company has not observed any meaningful increase in risk within its loan portfolio despite broader macroeconomic concerns [5] Other Important Information - The company declared a cash dividend of $0.25 per share, marking the 80th consecutive dividend payment [15] - Charitable contributions in Q1 were $403,000, significantly higher than previous quarters, as the timing of contributions was pulled forward [12] Q&A Session Summary Question: Expectations around the buyback moving forward - Management is contemplating capital actions and is waiting for discussions with regulators regarding their capital plan [20][22] Question: Details on classified loans - The majority of classified loans were related to two borrowers, a contractor and a multifamily real estate entity, with unique performance issues [23][24] Question: Expense expectations for upcoming quarters - The expense base is expected to normalize, with a historical compound annual growth rate of about 4% [25][26] Question: Deposit growth sustainability - The deposit growth was attributed to new accounts and inflows from existing clients, though some seasonal outflows are expected [31] Question: Future loan production trends - Loan production remains strong, driven by new hires, with a healthy pipeline expected to sustain growth [36][39] Question: Concerns regarding the wine industry exposure - The company has minimal exposure to the wine industry, with loans secured and closely monitored [87][88] Question: Client movement from larger banks to smaller institutions - There is a trend of clients moving from larger banks to community-oriented institutions, benefiting the company [90][92] Question: Investment portfolio and cash management - The company is balancing its investment portfolio and cash levels, with no immediate need to stockpile cash [94][96]

Financial Data and Key Metrics Changes - The company reported a net income of $4.9 million for Q1 2025, which is a 67% increase year-over-year, translating to $0.30 per share [11] - The net interest margin improved by 36 basis points year-over-year, driven by a decrease in the cost of deposits [5][11] - Total risk-based capital ratio stood at 16.69% and tangible common equity (TCE) ratio at 9.82% [10] Business Line Data and Key Metrics Changes - Total loan originations for the quarter were $63 million, with commercial loan originations at $49 million, marking a fivefold increase from the same quarter last year [8] - Non-interest income increased by over $100,000 from the prior quarter, primarily due to higher earnings on Bank-Owned Life Insurance (BOLI) [14] Market Data and Key Metrics Changes - Total deposits reached $3.3 billion, an increase of $82 million from the previous quarter, with non-interest bearing deposits comprising 43% of total deposits [14][9] - The average cost of deposits declined by seven basis points in Q1 2025, reflecting effective management of deposit rates [15] Company Strategy and Development Direction - The company aims to continue generating solid financial performance in 2025, focusing on net interest margin and revenue growth [18] - Plans to add banking talent and invest in innovation and technology to enhance service quality and operational efficiency [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the stability of the loan portfolio despite macroeconomic concerns, noting no significant increase in risk within their portfolio [6][18] - The company anticipates a healthy loan pipeline and expects to see improving loan growth driven by new hires rather than a general increase in market demand [18] Other Important Information - The company declared a cash dividend of $0.25 per share, marking the 80th consecutive dividend payment [17] - Charitable contributions in Q1 2025 were $403,000, significantly higher than previous quarters due to a shift in timing for contributions [13] Q&A Session Summary Question: Expectations around the buyback moving forward - Management is contemplating capital actions post-regulatory exam and has authorization for buybacks, but no immediate plans were disclosed [22][24] Question: Details on classified loans - The majority of classified loans were related to two borrowers with unique operational issues, and management does not expect further deterioration [25][26] Question: Expense expectations for upcoming quarters - The expense base is expected to normalize, with a historical compound annual growth rate of about 4% [27][29] Question: Deposit growth sustainability - Management noted that while there were seasonal inflows, the growth is attributed to new client relationships and ongoing efforts in commercial lending [34] Question: Future loan production trends - The company is not seeing a delay in deals despite macro uncertainty, with a healthy loan pipeline driven by new hires [40][42] Question: Credit management approach amidst uncertainty - Management confirmed that their conservative credit management approach remains unchanged despite economic uncertainties [64] Question: Plans for deploying excess liquidity - The company has accelerated securities purchases and is monitoring loan growth and tax-related outflows before further actions [66] Question: Concerns regarding the wine industry exposure - The company has minimal exposure to the wine industry and is closely monitoring clients in that sector, with no major issues reported [86] Question: Trends in client movement from larger banks - Management noted a trend of clients moving from larger institutions to community-oriented banks, although it is difficult to predict cyclicality [90]

"Endeavor's first quarter performance marks a great start to the year, underscoring our continued commitment to delivering value to our shareholders and the businesses we serve," stated Julie Glance, CFO. "We allocated significant resources toward growing the company and expanding our team in 2024, and our first quarter operating results demonstrate the positive impact of these investments on our earnings. We experienced meaningful growth in both loans and deposits, coupled with continued margin expansion. ...