Financial Data and Key Metrics Changes - Adjusted earnings per share was $0.63, with a return on assets of 1.33% and a return on tangible common equity of 17.8% [7] - Net interest margin was strong at 3.88%, a decline of six basis points from the previous quarter [17][24] - Non-interest expenses decreased by 3.3% due to lower incentive compensation and fraud losses [10][31] - Tangible book value per share increased to $14.80, representing a 5% increase from the linked quarter and 18% year-over-year [13][35] Business Line Data and Key Metrics Changes - Loan balances were stable, with first-quarter loan production being seasonally lower [8] - Fee income was $61 million, a decline from the linked quarter due to seasonal fluctuations and less foreign exchange income [9][19] - Average deposit balances decreased by $99 million, primarily due to a seasonal decline in public funds [18][28] Market Data and Key Metrics Changes - The company maintained 21% of total balances in non-interest-bearing accounts and focused on growing lower-cost deposit balances [18] - Non-performing assets declined by 9.5%, indicating improvements in asset quality metrics [11] Company Strategy and Development Direction - The company is focused on growing tangible book value, which has increased by 35% over the last three years [13] - The company received the Gallup Exceptional Workplace Award for Associate Engagement, reflecting its commitment to employee engagement [14] - The company is in discussions regarding potential M&A opportunities, although current uncertainty may prolong these discussions [52] Management's Comments on Operating Environment and Future Outlook - Management expects modest loan growth in the second quarter, with healthy pipelines in consumer, C&I, and ICRE lines of business [8][37] - The company anticipates net interest margin to expand to a range between 3.95% and 4.05% in the next quarter, assuming a 25 basis point rate cut [39] - Management remains optimistic about the year overall despite economic uncertainties [41] Other Important Information - The company’s capital ratios are strong, with all regulatory ratios well above minimums [12][35] - The company is closely monitoring the impact of tariffs on clients and their operations [12][86] Q&A Session Summary Question: Steps to reduce asset sensitivity on the balance sheet - Management indicated that the balance sheet is asset sensitive and discussed the impact of rate cuts on deposit costs and net interest margin [46][48] Question: Changes in view toward capital deployment amid tariff uncertainty - Management noted increased M&A discussions but acknowledged that current uncertainty may slow down these discussions [51][52] Question: Review process for C&I credits and specific trends - Management highlighted a significant charge-off related to a specific industry and noted healthy workouts of classified loans [60][61] Question: Outlook for loan growth in the back half of the year - Management adjusted loan growth expectations for the year to 4% to 5% due to elevated payoffs [73][78] Question: Credit charge-offs and normalized expectations - Management expects charge-offs to stabilize in the range of 25 to 30 basis points, with improving trends in asset quality [81][82] Question: Exposure to tariffs and portfolio monitoring - Management is actively engaging with clients to understand the impact of tariffs and is monitoring specific sectors for potential risks [86][88]

First Business Financial Services (FBIZ) Q1 2025 Earnings Call April 25, 2025 02:00 PM ET Company Participants Corey Chambas - CEODavid Seiler - President & COOBrian Spielmann - CFODaniel Tamayo - Vice PresidentJames E. Hartlieb - President & CEO - First Business BankBradley A. Quade - EVP & Chief Credit OfficerDamon Delmonte - Managing DirectorBrian Martin - Director - Banks & Thrifts Conference Call Participants Jeffrey Rulis - MD & Senior Research AnalystNathan Race - Managing Director & Senior Research ...

Financial Data and Key Metrics Changes - WSFS Financial Corporation reported core earnings per share of $1.13, core return on assets (ROA) of 1.29%, core pre-provision net revenue (PPNR) of $104.6 million, and core return on tangible common equity of 16.97%, all showing improvements from the prior quarter [5][6][14] - The core net interest margin expanded by 8 basis points to 3.88%, with total funding costs reduced by 15 basis points to 1.77% [6][7] - Year-over-year, net interest margin increased by 4 basis points despite absorbing 100 basis points of interest rate cuts [7] Business Line Data and Key Metrics Changes - Core fee revenue grew by 6% year-over-year, driven by a 19% increase in Wealth and Trust services [7] - Institutional Services and Bryn Mawr Trust Company of Delaware showed strong year-over-year growth, increasing deal flow and market share [8] - Client deposits declined by 1% linked quarter but increased by 4% year-over-year, with non-interest bearing deposits up 6% year-over-year [11][12] Market Data and Key Metrics Changes - The loan to deposit ratio remained stable at 77%, providing flexibility for future growth [12] - Total net credit costs increased to $17.6 million, with net charge-offs at $24.6 million, primarily due to a charge-off of a non-performing loan [12][13] Company Strategy and Development Direction - The company announced a 13% increase in the quarterly dividend to $0.17 per share and an additional share repurchase authorization of 10% of outstanding shares [15] - A medium-term target CET1 ratio of 12% was established, with a gradual glide path over two to three years [15][66] - The company aims to manage net interest margin through various tools, including optimizing wholesale funding and hedging programs [58][60] Management's Comments on Operating Environment and Future Outlook - Management noted that clients are cautious about expansion due to macroeconomic uncertainties, leading to postponed investments [40][42] - The overall credit quality remains stable, with no significant red flags identified in delinquency metrics [45] - Management expressed confidence in the ability to navigate the current environment and indicated that an update on full-year outlook will be provided in the second quarter [16][68] Other Important Information - The company returned $62.6 million of capital in the first quarter, including $53.8 million in buybacks and $8.8 million in dividends [14] - The capital ratios remain strong, with a CET1 of 14.1% and TCE of 8.63%, significantly above regulatory targets [14] Q&A Session Summary Question: Why was there no updated guidance in the presentation? - Management stated that it is typical not to provide updated guidance until mid-year due to the volatility of the environment [22][23] Question: What is the outlook for net charge-offs? - Management indicated that the increase in charge-offs was due to a one-off item and that the rest of the portfolio is performing as expected [26][28] Question: How should expenses be viewed going forward? - Management noted that the first quarter expenses were lower than the run rate and provided insights into one-time items affecting the expense line [33] Question: What is the outlook for commercial growth? - Management observed that clients are cautious about expansion due to market volatility, but the pipeline remains consistent [40][42] Question: How are deposit beta expectations evolving? - Management exceeded their deposit beta goal of 40% and plans to continue pushing for higher rates [56][63] Question: What is the medium-term plan for the CET1 target? - Management outlined a two to three-year glide path to reach a CET1 target of 12%, depending on macroeconomic conditions [66][68]

Financial Data and Key Metrics Changes - The company reported core earnings per share of $1.13, core return on assets (ROA) of 1.29%, core pre-provision net revenue (PPNR) of $104.6 million, and core return on tangible common equity of 16.97%, all showing improvements from the prior quarter [5][10] - Net interest margin expanded by eight basis points to 3.88%, reflecting a reduction in total funding cost by 15 basis points to 1.77% [5][6] - Total net credit costs increased to $17.6 million, up $8.9 million from the previous quarter, with net charge-offs at $24.6 million [9] Business Line Data and Key Metrics Changes - Core fee revenue grew by 6% year over year, driven by a 19% increase in wealth and trust services [6] - Institutional Services showed strong year-over-year growth, contributing to higher deal flow [6] - Cash Connect fees declined quarter over quarter due to seasonally lower volumes, but profit margins improved through expense and pricing offsets [7] Market Data and Key Metrics Changes - Client deposits declined by 1% linked quarter but increased by 4% year over year, with non-interest bearing deposits up by 6% year over year [8] - The loan to deposit ratio remained stable at 77%, providing flexibility for future growth [8] Company Strategy and Development Direction - The company plans to target a CET1 ratio of 12% in the medium term, with a gradual glide path over two to three years [11][56] - The company is committed to returning capital to shareholders, having returned $62.6 million in capital during the first quarter, including $53.8 million in buybacks and a 13% increase in the quarterly dividend [10][11] Management's Comments on Operating Environment and Future Outlook - Management noted that clients are cautious about expansion due to macroeconomic uncertainty, leading to postponed investments [32][33] - The company remains engaged with clients and is monitoring the overall environment closely, indicating a stable outlook despite current challenges [9][20] Other Important Information - The company has a strong capital position with a CET1 ratio of 14.1% and TCE of 8.63%, significantly above regulatory targets [10] - The company is actively managing its net interest margin through various tools, including deposit beta management and optimization of wholesale funding [45][46] Q&A Session Summary Question: Why was there no updated guidance in the presentation? - Management stated that it is typical to update guidance after the second quarter due to the volatility of the environment, and there is nothing to read into the absence of guidance this quarter [16][17] Question: What is the outlook for net charge-offs? - Management indicated that the increase in charge-offs was primarily due to a one-off item and that the rest of the portfolio is performing as expected [19][20] Question: How should expenses be viewed going forward? - Management provided insights on seasonal impacts and one-time items affecting expenses, suggesting a run rate between the first and fourth quarters [21][24] Question: What is the outlook for commercial growth? - Management noted that clients are cautious about expansion due to market volatility, but the pipeline remains consistent [32][33] Question: How are deposit beta expectations evolving? - Management exceeded their initial goal for deposit beta, reaching 38% this quarter, and plans to continue pushing higher [44][45] Question: What is the medium-term target for CET1? - Management indicated a two to three-year glide path to a 12% CET1 target, with discretion to adjust based on macroeconomic conditions [56][57] Question: How does the macro environment impact buyback decisions? - Management expressed confidence in their capital position but acknowledged the need to monitor the macro environment for any changes [59][60]

First Financial Bancorp. (NASDAQ:FFBC) Q1 2025 Earnings Conference Call April 25, 2025 8:30 AM ET Company Participants Scott Crawley - Corporate Controller Archie Brown - President and CEO Jamie Anderson - CFO Bill Harrod - Chief Credit Officer Conference Call Participants Andrew Leischner - KBW Terry McEvoy - Stephens Inc. Daniel Tamayo - Raymond James Karl Shepard - RBC Capital Markets Kelvin Good morning, ladies and gentlemen, and thank you for standing by. My name is Kelvin, and I will be your conferenc ...

First Western Financial (MYFW) Q1 2025 Earnings Call April 25, 2025 12:00 PM ET Company Participants Tony Rossi - Managing DirectorScott Wylie - Chairman, CEO & PresidentJulie Courkamp - COODavid Weber - CFO & TreasurerWill Jones - Associate Vice PresidentWilliam Dezellem - Founder, President & Chief Investment OfficerRoss Haberman - Money Manager Conference Call Participants Matthew Clark - Managing Director & Senior Research Analyst Operator Good day, and thank you for standing by. Welcome to the First We ...

Byline Bancorp (BY) Q1 2025 Earnings Call April 25, 2025 10:00 AM ET Company Participants Brooks Rennie - Head-Investor RelationsAlberto Paracchini - PresidentRoberto Herencia - Chairman and CEOThomas J. Bell - Executive VP, Treasurer & CFOMark Fucinato - Executive VP & Chief Credit OfficerBrendan Nosal - Director - Equity ResearchDamon Delmonte - Managing DirectorTerry Mcevoy - Managing DirectorBrian Martin - Director - Banks & Thrifts Conference Call Participants Nathan Race - Managing Director & Senior R ...

Hilltop (HTH) Q1 2025 Earnings Call April 25, 2025 09:00 AM ET Company Participants Matthew Dunn - Corporate Development Officer & Head of Investor RelationsJeremy Ford - President and Chief Executive OfficerWilliam Furr - Executive VP & CFOWoody Lay - Vice PresidentTim Mitchell - Equity Research AssociateJordan Ghent - Senior Research Associate Conference Call Participants Andrew Gorczyca - Research Analyst Operator morning, ladies and gentlemen, and welcome to the Hilltop Holdings First Quarter twenty twe ...

Banc of California, Inc. (NYSE:BANC) Q1 2025 Earnings Conference Call April 24, 2025 1:00 PM ET Company Participants Ann DeVries - Head, IR Jared Wolff - President & CEO Joe Kauder - CFO Conference Call Participants Ben Gerlinger - Citigroup Jared Shaw - Barclays Capital Gary Tenner - D.A. Davidson Matthew Clark - Piper Sandler David Feaster - Raymond James Anthony Elan - JPMorgan Chris McGratty - KBW Timur Braziler - Wells Fargo Andrew Terrell - Stephens * Operator Hello, and welcome to Banc of California' ...

Old Second Bancorp, Inc. (NASDAQ:OSBC) Q1 2025 Earnings Conference Call April 24, 2025 10:00 AM ET Company Participants James Eccher - Chairman, President & Chief Executive Officer Bradley Adams - Chief Operating Officer and Chief Financial Officer Gary Collins - Vice Chairman Conference Call Participants Terry McEvoy - Stephens David Long - Raymond James Nathan Race - Piper Sandler Jeff Rulis - D.A. Davidson Christopher McGratty - KBW Brian Martin - Janney Operator Good morning, everyone and thank you for ...