Financial Performance - Western Alliance reported strong financial results in Q2, exceeding expectations with over $1 billion in sequential loan growth and nearly $2 billion in deposit growth [1] - Net interest income reached almost $700 million, growing 7.2% quarter-over-quarter and nearly 29% annualized, contributing to a 19% increase in PPNR to $331 million [8][10] - Return on average tangible common equity was 14.9%, and return on average assets was 1.1%, both significantly higher than Q1 [7] Asset Quality - Criticized loans decreased by $118 million from Q1, while total criticized assets remained around $1.7 billion, expected to decline in upcoming quarters [5][6][18] - Quarterly net loan charge-offs were approximately $30 million, or 22 basis points of average loans, with a provision expense of $40 million added to reserves [19][20] Deposit Growth - Total deposits grew by $1.8 billion in Q2, with significant contributions from noninterest-bearing and savings accounts, despite a $300 million decline in wholesale broker deposits [15][17] - The company anticipates achieving $8 billion in deposit growth for the year, supported by strong pipelines and strategic pricing adjustments [24][31] Strategic Initiatives - The company plans to unify six legacy division bank brands under the Weston Bank brand by year-end, enhancing its marketing presence [6] - A new leadership transition is underway, with Dale M. Gibbons moving to Chief Banking Officer and Vishal assuming CFO responsibilities, aimed at capitalizing on growth opportunities [2][3][4] Future Outlook - The company revised its net interest income growth outlook to 8% to 10% for the year, anticipating two 25 basis point rate cuts in September and December [24][25] - Asset quality is expected to continue performing well, with full-year net charge-offs projected at approximately 20 basis points and criticized assets anticipated to decline [26]

Financial Data and Key Metrics Changes - The company reported earnings per common share of $1.76 for 2025, with a return on average assets of 0.73% and a return on average tangible common equity of 7.24% [5] - Net interest margin was recorded at 3.46%, with net interest income growing by 11% over the year [6][5] - The company successfully navigated a technology transition, resulting in improved financial performance and a disciplined capital allocation strategy [5] Business Line Data and Key Metrics Changes - The loan portfolio experienced a 2% growth quarter-over-quarter, with a focus on smaller quality opportunities [18] - The composition of the loan portfolio includes 30% non-owner-occupied commercial real estate, 24% owner-occupied commercial real estate, 16% construction, 12% multifamily, 12% residential real estate, and 6% commercial and industrial [12] - The company maintained annual net charge-offs at virtually zero, reflecting strong credit discipline [11] Market Data and Key Metrics Changes - The D.C. metropolitan area remains vibrant, with a median household income of $125,000 and an average home listing price of $810,000 [2] - The company has expanded its liquidity facilities, covering over 30% of its entire deposit portfolio [7] Company Strategy and Development Direction - The company is focused on core banking and has strategically managed growth to maximize core profitability rather than pursuing growth for its own sake [3] - A branch-light strategy is employed to enhance efficiency, leveraging technology to deliver banking services [3] - The company is expanding its branch footprint and targeting high-value niche industries to scale its non-interest-bearing base [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, expecting continued loan and deposit growth momentum into the new year [7] - The company anticipates further funding cost relief throughout 2026, which may enhance net interest margins [6] - Management emphasized the importance of maintaining a well-diversified loan book and effective risk management practices [18] Other Important Information - The company repurchased 209,000 shares at a price that was 28% accretive to book value, with plans to continue share buybacks to enhance shareholder value [10] - The company is in a strong capital position, with a post-stress Common Equity Tier 1 ratio of 11.8%, well above the 7% threshold for well-capitalized institutions [16] Q&A Session Summary Question: What is the outlook for loan growth in 2026? - The company expects loan growth to be between 3% and 4% over the first six months of 2026 [9] Question: How is the company managing its loan portfolio? - The company is focusing on smaller-sized opportunities and maintaining a well-diversified loan book while actively managing across all categories [18] Question: What is the company's strategy regarding share repurchases? - The company plans to continue looking for opportunities to repurchase shares to enhance shareholder value [10]

Financial Data and Key Metrics Changes - The company reported earnings per common share of $1.76 for 2025, with a return on average assets of 0.73% and a return on average tangible common equity of 7.24% [5] - Net interest margin was recorded at 3.46%, with net interest income growing by 11% over the year [6][5] - The company successfully navigated a technology transition, resulting in improved financial performance and a disciplined capital allocation strategy [5] Business Line Data and Key Metrics Changes - The loan portfolio experienced a 2% growth quarter-over-quarter, with a focus on smaller quality opportunities [18] - The composition of the loan portfolio includes 30% non-owner-occupied commercial real estate, 24% owner-occupied commercial real estate, and 16% construction, among others [12] - The company maintained annual net charge-offs at virtually zero, reflecting strong credit discipline [11] Market Data and Key Metrics Changes - The D.C. metropolitan area remains vibrant, with a median household income of $125,000 and an average home listing price of $810,000 [2] - The company has expanded its liquidity facilities, covering over 30% of its entire deposit portfolio [7] Company Strategy and Development Direction - The company is focused on core banking and maximizing core profitability rather than pursuing growth for growth's sake [3] - A branch-light strategy is employed to enhance efficiency, leveraging technology to deliver banking services [3] - The company is expanding its branch footprint and targeting high-value niche industries to scale its non-interest-bearing base [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the current operating environment, citing a strong liquidity position and favorable net interest margin [6][7] - The company anticipates continued loan growth of 3%-4% over the first six months of 2026 [9] - Management remains confident in the company's ability to navigate challenges and deliver consistent performance [18] Other Important Information - The company repurchased 209,000 shares at a price that was 28% accretive to book value [10] - The company has a rigorous stress testing methodology, with a post-stress Common Equity Tier 1 ratio of 11.8%, well above the well-capitalized threshold [16] Q&A Session Summary Question: What is the company's strategy regarding loan growth? - The company is focusing on smaller-sized opportunities and building full relationships, maintaining a well-diversified loan book [18] Question: How does the company manage its credit risk? - The company maintains constant contact with borrowers and employs a rigorous stress testing methodology to manage risk effectively [16][14]

Core Insights - PSB Holdings, Inc. reported record fourth quarter earnings for 2025, with diluted earnings per share of $0.97 and net income of $3.9 million, compared to $0.86 per share and $3.5 million in the previous quarter, and $0.73 per share and $3.0 million in the same quarter of 2024 [1][3][23] - The total earnings for calendar year 2025 reached $13.5 million, or $3.31 per diluted share, marking a 40% increase per share compared to 2024 earnings of $9.8 million, or $2.37 per diluted share [1][3] Financial Performance - The net interest income increased to $11.7 million for the fourth quarter of 2025, up from $11.3 million in the third quarter, attributed to lower deposit and borrowing costs [5][12] - Noninterest income rose to $2.1 million, an increase of $156,000 from the previous quarter, driven by higher mortgage banking income and investment and insurance sales commissions [5][15] - Noninterest expenses decreased by $170,000 to $8.6 million, reflecting lower salary and benefit plan expenses [5][16] Balance Sheet and Asset Quality - Total assets decreased by $35.3 million to $1.46 billion at December 31, 2025, with cash and cash equivalents down to $29.9 million [5][20] - Net loans decreased by $19.1 million to $1.10 billion, primarily due to a large borrower selling their business [5][7] - Non-performing assets slightly increased to $17.3 million, or 1.18% of total assets, compared to 1.13% in the previous quarter [5][8] Capital and Dividends - The return on average tangible common equity was 12.86% for the fourth quarter, up from 12.14% in the prior quarter [5][24] - Tangible book value per common share increased by 15.43% to $29.99 compared to $25.98 a year earlier [5][11] - The company announced a shift to quarterly dividend payments, reflecting confidence in its ability to generate strong profitability [3][5]

Core Insights - First Western Financial reported improved profitability in Q4 2025, driven by loan and deposit growth, net interest margin expansion, and disciplined expense management [5][8] Loan and Deposit Growth - Loans held for investment increased by $59 million from the previous quarter, with new loan production totaling $146 million at an average rate of 6.36% [1][7] - Total deposits rose by $102 million, attributed to new deposit relationships, despite seasonal outflows [9] Financial Performance - The company posted a net income of $3.3 million, or $0.34 per diluted share, which was higher than the prior quarter [4][8] - Gross revenue increased by 1.5% from the prior quarter and 12.2% year-over-year, primarily due to higher net interest income [10] Net Interest Margin - Net interest margin expanded to 2.71%, driven by lower deposit costs and the opportunity to reprice approximately $250 million of fixed-rate loans maturing next year [7][11] - Net interest income rose by 5.6% sequentially and 21.7% year-over-year, attributed to a higher net interest margin [11] Asset Quality and Expenses - Asset quality trends remained stable, with decreases in non-accrual loans and non-performing assets [17] - Non-interest expense increased by $1.2 million due to a $1.4 million write-down on an OREO property, but excluding this, expenses decreased [16] Future Outlook - Management expects continued balance sheet growth in 2026 to be similar to 2025 levels, with positive trends in net interest margin and fee income [18] - The company aims to keep quarterly expenses below $20 million while remaining open to investment opportunities [19]

Financial Data and Key Metrics Changes - The company generated net income of $3.3 million, or $0.34 per diluted share in the fourth quarter, which was higher than the prior quarter [6] - Gross revenue increased by 1.5% from the prior quarter and 12.2% from the fourth quarter of 2024 [10] - Net interest income increased by 5.6% from the prior quarter and 21.7% from the fourth quarter of 2024, with a net interest margin (NIM) of 2.71%, up 17 basis points from the prior quarter [10][11] Business Line Data and Key Metrics Changes - Loans held for investment increased by $59 million from the end of the prior quarter, with new loan production of $146 million in the fourth quarter [7] - Total deposits increased by $102 million from the end of the prior quarter, with average deposits up 10% compared to the fourth quarter of 2024 [8][9] - Assets under management decreased by $155 million, primarily due to net withdrawals in low-fee product categories [9] Market Data and Key Metrics Changes - The company experienced a solid level of loan production diversified across markets, industries, and loan types, with a focus on maintaining conservative underwriting standards [6][8] - The market remains competitive in terms of pricing on loans and deposits, but the company continues to generate new loans and deposits through superior service [4] Company Strategy and Development Direction - The company is focused on organic growth and leveraging market disruption to recruit talent and new clients, particularly in the Colorado banking market [14][33] - A new market presence in Arizona is expected to provide growth opportunities, with strong loan and deposit pipelines anticipated for 2026 [14][33] - The company aims to maintain a disciplined approach to expense management while investing in business growth [38][39] Management's Comments on Operating Environment and Future Outlook - Management noted generally healthy economic conditions in their markets and expressed optimism about continued growth in loans and deposits in 2026 [14][33] - The company expects positive trends in net interest margin and fee income, with a goal of achieving a 1% return on assets (ROA) [14][43][94] - Management highlighted the importance of maintaining a stable local team of experts to attract clients amid ongoing market disruptions [14][33] Other Important Information - The company reported a one-time $1.4 million write-down on an OREO property, which impacted non-interest expenses [12] - The allowance coverage remained unchanged at 81 basis points of total loans, with stable trends in loan portfolio quality [13] Q&A Session Summary Question: Margin outlook and loan repricing - Management expects further NIM expansion through 2026, with about $250 million in fixed-rate loans maturing over the next year, providing opportunities for repricing [22][23] Question: Asset management and fee income growth - Management noted a decline in AUM due to net withdrawals in lower-yielding categories but sees positive trends in higher-yielding categories [25][26] Question: Expense growth rate in 2026 - The company aims to keep expenses below $20 million per quarter while remaining open to strategic investments that could enhance revenue growth [38][39] Question: Profitability improvement potential in 2026 - Management indicated a target of achieving a 1% ROA, with expectations for continued improvement in NIM and operating growth [43][94] Question: Deposit competition and loan pipeline - Management reported strong feedback on both loan and deposit pipelines, indicating confidence in their ability to attract deposits as needed [47][49] Question: Mortgage market expectations - The company is building its mortgage production capability and expects pent-up demand to create opportunities in the future [81][82]

Financial Data and Key Metrics Changes - The company generated net income of $3.3 million, or $0.34 per diluted share in Q4 2025, which was higher than the prior quarter [5] - Tangible book value per share increased by 1.6% this quarter [5] - Gross revenue increased by 1.5% from the prior quarter and 12.2% from Q4 2024 [10] - Net interest income increased by 5.6% from the prior quarter and 21.7% from Q4 2024 [10] - Non-interest income decreased by approximately $800,000 from the prior quarter [11] Business Line Data and Key Metrics Changes - Loans held for investment increased by $59 million from the end of the prior quarter, with new loan production of $146 million in Q4 [6][7] - Total deposits increased by $102 million from the end of the prior quarter, with average deposits up 10% compared to Q4 2024 [8][9] - Assets under management decreased by $155 million in Q4, primarily due to net withdrawals in low-fee and fixed-fee product categories [9] Market Data and Key Metrics Changes - The market remains competitive in terms of pricing on loans and deposits, but the company continues to generate new loans and deposits through superior service [4] - The company has seen good opportunities to add new clients and talent due to ongoing disruption from M&A activity in the Colorado banking market [13] Company Strategy and Development Direction - The company maintains a conservative approach to new loan production with disciplined underwriting and pricing criteria [4] - The focus is on organic growth, leveraging market disruption to recruit talent and acquire new clients [82] - The company is investing in technology infrastructure, product teams, and internal processes for efficiency [86] Management's Comments on Operating Environment and Future Outlook - Management sees healthy economic conditions in their markets and expects loan and deposit growth in 2026 to be similar to 2025 [13] - Positive trends in net interest margin and fee income are anticipated, with a focus on disciplined expense control [14] - Management does not foresee any meaningful deterioration in asset quality [15] Other Important Information - The company had a one-time $1.4 million write-down on an OREO property, which impacted non-interest expenses [11] - The allowance coverage remained unchanged at 81 basis points of total loans [12] Q&A Session Summary Question: Margin outlook and loan repricing - Management expects further net interest margin expansion through 2026, with about $250 million in fixed-rate loans maturing over the next year [21][22] Question: Asset management and wealth management business trends - The decline in assets under management was due to net withdrawals in lower-yielding categories, but higher-yielding categories are showing improvements [24][25] Question: Expense outlook for 2026 - The company aims to keep expenses below $20 million per quarter while investing in growth opportunities [36] Question: Profitability improvement potential in 2026 - The near-term objective is to achieve a 1% return on assets, with a current operating run rate of about $2 per share [41] Question: Matching loan pipeline with core deposits - Both loan and deposit pipelines are reported as strong, with a focus on bringing in deposits as needed [42][45] Question: Tax rate outlook - The effective tax rate is expected to stabilize around 23%-24% going forward [72] Question: Mortgage market expectations for 2026 - The company is building production capability in the mortgage sector and expects pent-up demand to create opportunities [77][78]

Core Insights - OceanFirst Financial reported a strong fourth quarter for 2025, highlighting organic growth, strong asset quality, and expense management initiatives [6] Financial Performance - Pre-tax, pre-provision core earnings increased by 9%, or $3 million, compared to the previous quarter, driven by growth in earning assets [2] - Earnings per share were reported at $0.23 on a fully diluted GAAP basis and $0.41 on a core basis, marking a fifth consecutive quarter of net interest income (NII) growth, which rose by $5 million, or 5%, from the prior quarter [5] - Total loans increased by $474 million for the quarter, representing an 18% annualized growth rate, with quarterly originations exceeding $1 billion [4] Deposit and Funding - Total deposits increased by $528 million in the fourth quarter, with $323 million attributed to organic growth across multiple business lines [3] - The weighted average cost of the Premier deposit portfolio declined by 36 basis points to 2.28% as of December 31 [3] Asset Quality - Classified loans rated special mention and substandard decreased by 10% to $112 million, representing about 1% of total loans, with non-performing loans at 0.2% of total loans [8] - Net charge-offs remained low at five basis points of total loans, indicating strong credit performance [8] Expenses and Capital - GAAP operating expenses were $84 million, including $13 million related to residential outsourcing and merger costs, while core operating expenses were $71 million, down 2% from the previous quarter [11] - The estimated Common Equity Tier 1 (CET1) capital ratio was 10.7%, and tangible book value per share increased to $19.79 [13] Merger and Future Outlook - The company announced a merger agreement with Flushing Financial Corporation, aimed at enhancing organic growth initiatives in New York [14] - Management expects mid- to high-single-digit growth in loans and deposits, with NII and net interest margin (NIM) projected to improve, potentially exceeding 3% during the year [16]

Core Insights - SouthState Bank reported strong financial performance in Q4 2025, with pre-provision net revenue (PP&R) of $323 million and earnings per share (EPS) of $2.47, contributing to a full-year PP&R of $1.27 billion and EPS of $9.50 for 2025 [2][5] Financial Performance - Loans and deposits grew at an annualized rate of 8% during the quarter, with cash and Fed Funds Sold levels increasing by nearly $500 million [1] - Excluding merger costs, 2025 EPS increased by over 30%, and tangible book value per share rose at a double-digit rate [3] - The company achieved record quarterly production of $3.9 billion in Q4, a 16% increase from Q3, with a loan pipeline of approximately $5 billion at year-end [11][12] Integration and Growth - The integration of Independent Financial, which expanded SouthState into Texas and Colorado, was characterized as "well-choreographed," with management noting reduced risk profile and positive momentum heading into 2026 [4][5] - Texas and Colorado markets produced $888 million in loans in Q4, a 15% increase from Q3, with full-year production in these markets up 10% compared to 2024 [13] Capital Management - The company was more aggressive with share repurchases in Q4, buying back 2 million shares at an average price of $90.65, and authorized an additional 5 million shares for repurchase [15][16] - The total payout ratio for the quarter was just shy of 100%, though management indicated this level is not expected to be sustained long term [16] Expense Management - Non-interest expenses rose due to performance-driven incentives and increased marketing and business development spending, but the efficiency ratio remained below 50% [6][9] - Management expects non-interest expenses to rise about 4% in 2026 from the 2025 base of $1.407 billion, reflecting inflationary pressures and growth initiatives [9] Outlook - The company anticipates net interest margin (NIM) to remain stable in the range of 3.80% to 3.90% for 2026, with average interest-earning assets expected to be between $61 billion and $62 billion [7][8] - Management forecasts loan accretion income of $125 million for 2026 and a deposit beta assumption of 27% to support loan growth [8]

Core Viewpoint - CIB Marine Bancshares, Inc. reported a decline in net income for 2025, primarily due to increased provisions for credit losses, despite improvements in net interest margin and a modest profit from the Mortgage Division [1][2][4]. Financial Performance - Net income allocated to common shareholders for 2025 was $1.6 million, or $1.19 basic and $1.15 diluted earnings per share, down from $2.5 million, or $1.87 basic and $1.46 diluted earnings per share in 2024 [2]. - The net interest margin improved to 2.72% for the full year 2025, up from 2.42% in 2024, driven by a reduction in the cost of funds [4]. - Provisions for credit losses were $1.2 million in Q4 2025 and $1.1 million for the full year, compared to reversals in the same periods of 2024 [4]. Loan and Asset Quality - Non-performing assets represented 1.04% of total assets as of December 31, 2025, an increase from 0.68% a year earlier, primarily due to two commercial loan relationships moving to non-accrual status [4]. - The allowance for credit losses on loans was 1.27% as of December 31, 2025, compared to 1.26% a year earlier, remaining at or above local and national peer medians [4]. Business Strategy and Growth - The Banking Division reported an increase in income of $0.9 million in 2025, excluding provisions and the prior year's sale-leaseback gain, driven by higher net interest income [4]. - The company emphasized continued growth in commercial lending, with loan balances increasing by $11 million in Q4 2025 after a decline earlier in the year [4]. Stock Repurchase Program - The expanded common stock repurchase program authorizes up to $2.5 million in buybacks through December 31, 2026, with $1.2 million remaining for additional repurchases in 2026 [3].