Core Insights - Preferred Bank reported a net income of $30.0 million or $2.23 per diluted share for Q1 2025, reflecting a slight decrease from the previous quarter and a larger decrease compared to the same quarter last year, primarily due to reduced net interest income [1][3][7] Financial Performance - Net interest income was $62.7 million, down $6.5 million from the previous quarter and $5.8 million from the same quarter last year, largely due to a $2.8 million reversal of interest income from nonaccrual loans [2][7] - Noninterest income increased to $4.0 million, up $361,000 from the prior quarter and $933,000 from the same quarter last year, driven by higher letter of credit fee income and gains on sales of SBA loans [2][8] - Noninterest expense totaled $23.4 million, a decrease of $4.9 million from the previous quarter but an increase of $3.3 million compared to the same quarter last year, influenced by higher personnel and OREO expenses [2][9] Asset Quality - Non-accrual loans amounted to $78.9 million, primarily consisting of two well-secured loans totaling $65.6 million, with no anticipated losses [4][13] - Total criticized loans decreased to $129.2 million from $158.2 million at year-end, indicating improved asset quality [4][14] - The provision for credit losses was $700,000, significantly lower than the $2.0 million in the previous quarter and $4.4 million in the same quarter last year [15] Capitalization and Ratios - As of March 31, 2025, the Bank's tangible capital ratio was 10.96%, leverage ratio was 11.52%, and total capital ratio stood at 15.15%, showing stable capitalization [16][28] - Return on average assets was 1.76% and return on beginning equity was 15.96%, reflecting solid profitability metrics [9][27] Balance Sheet Summary - Total gross loans were $5.63 billion, a slight decrease from the previous quarter, while total deposits increased by $155.9 million to $6.07 billion [12][28] - Total assets rose to $7.1 billion, an increase of $176.7 million from the previous quarter, indicating growth in the Bank's overall financial position [12][28]

West Bancorporation, Inc. (NASDAQ:WTBA) Q1 2025 Earnings Conference Call April 24, 2025 3:00 PM ET Company Participants Jane Funk - Chief Financial Officer David Nelson - Chief Executive Officer Harlee Olafson - Chief Risk Officer Brad Winterbottom - Bank President Bradley Peters - Minnesota Group President Conference Call Participants Andrew Liesch - Piper Sandler Operator Thank you for standing by. My name is Kate, and I will be your conference operator today. At this time, I would like to welcome everyon ...

Financial Data and Key Metrics Changes - The company reported total operating revenue growth of over 2% quarter-over-quarter and more than 22% year-over-year [13][14] - Net interest income for the first quarter was $25.1 million, up 6.6% from the previous quarter [42] - The net interest margin for the first quarter was 1.82%, representing an increase of 15 basis points compared to the linked quarter [43] Business Line Data and Key Metrics Changes - Small business lending originations were down compared to the fourth quarter, but year-over-year origination and loan sale volume were up 223% and 236%, respectively [20][19] - The weighted average rate on funded originations was 7.78%, up 50 basis points from the prior quarter [18] - Construction and investor commercial real estate balances increased by $86 million, with nearly $70 million in new commitments originated [28] Market Data and Key Metrics Changes - Total deposits from fintech partners were up 37% from the fourth quarter, totaling $881 million at quarter end [36] - The average balance of deposits increased by $111 million or over 2% during the first quarter [35] - Nonperforming loans to total loans were 80 basis points, with an increase attributed to franchise finance and small business lending [24] Company Strategy and Development Direction - The company aims to continue improving its loan mix and reduce deposit costs, positioning itself for stronger earnings in the coming quarters [137] - The focus remains on expanding fintech partnerships and enhancing revenue diversification [137] - The company anticipates loan yields to increase and deposit costs to decline, projecting a 40% increase in net interest income over 2024's full-year amount [55] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing improvement of net interest income and net interest margin throughout 2025, assuming no further rate actions from the Fed [16] - The elevated provision for loan losses was acknowledged, with management indicating a cautious approach to problem loans [21][60] - There is optimism regarding a slowdown in new delinquencies, suggesting potential moderation in the provision for credit losses in the second half of the year [60] Other Important Information - The company recognized $9.7 million in net charge-offs during the quarter, primarily related to franchise finance and small business lending portfolios [21] - Noninterest income for the quarter was $10.4 million, down 35% from the fourth quarter, largely due to lower net servicing revenue [47] - The tangible common equity ratio was 6.55%, with a common equity Tier one ratio of 9.16% [53] Q&A Session Summary Question: Expected one-time impact on fees in Q2 - Management estimated a range of $5 million to $6 million for the quarter, with a return to normalized levels in the latter half of the year [63] Question: Average loan size and impact of SBA fees - The average loan size is just over $1 million, and the company does not expect significant impact from the reinstated fees on smaller loans [68] Question: Impact of a 25 basis point rate cut on NII - A 25 basis point rate cut would result in an annualized impact of about $3.6 million on net interest income [71] Question: Updated thoughts on SBA loss assumptions - Management indicated that while the higher rate environment affects payments, economic uncertainty is a more significant factor influencing loss assumptions [80] Question: Share buybacks and balance sheet growth - The company is preparing to consider share buybacks if the stock price remains below 50% of book value [89] Question: Update on fintech partnerships and pipeline - The company is experiencing strong growth in fintech partnerships, with expectations to expand existing relationships rather than significantly increase the number of programs [124][127]

CVB Financial Corp. (NASDAQ:CVBF) Q1 2025 Earnings Conference Call April 24, 2025 10:30 AM ET Company Participants Allen Nicholson - EVP, CFO Dave Brager - President and CEO Conference Call Participants Gary Tenner - D.A. Davidson Andrew Terrell - Stephens David Feaster - Raymond James Adam Butler - Piper Sandler Tim Coffey - Janney Montgomery Kelly Motta - KBW Operator Good day and welcome to the CVB Financial Corp. First Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen ...

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 ...

1Q25 Business Results April 2025 Disclaimer 1. The consolidated financial information of KB Financial Group Inc. (the "Group") presented herein is based on the Korean International Financial Reporting Standards(K- IFRS). It is currently being reviewed by the Group's independent auditor, and accordingly, is subject to change. 2. The consolidated financial information for 2022 and 2023 presented herein have been restated retrospectively based on the FSS's response to inquiry on Korean IFRS17(K-IFRS) 3. From 4 ...

Popular (BPOP) Q1 2025 Earnings Call April 23, 2025 11:00 AM ET Company Participants Paul Cardillo - Senior VP & Investor Relations OfficerIgnacio Alvarez - CEOJavier D. Ferrer - President & COOJorge Garcia - Executive VP & CFOLidio Soriano - Executive VP & Chief Risk Officer of Corporate Risk Management GroupFrank Schiraldi - Managing DirectorBen Gerlinger - Vice President of Equity ResearchGerard Cassidy - Managing DirectorTimur Braziler - Director - Mid-Cap Bank Equity ResearchJared Shaw - Managing Direc ...

Hope Bancorp (HOPE) Q1 2025 Earnings Call April 22, 2025 12:30 PM ET Company Participants Angie Yang - Senior VP and Director of IR & Corporate CommunicationsKevin Kim - Chairman, President & CEOJulianna Balicka - Executive VP & CFOAhmad Hasan - Equity Research AssociatePeter Koh - Senior EVP & COO Conference Call Participants Angel Eycher - Analyst Operator Good day, and welcome to the Hope Bancorp twenty twenty five First Quarter Earnings Conference Call. All participants will be in a listen only mode. Af ...

Capital One (COF) is slated to report first-quarter 2025 results on April 22, after market close. Its quarterly earnings and revenues are expected to have witnessed an increase on a year-over-year basis.In the last reported quarter, COF’s earnings surpassed the Zacks Consensus Estimate. The results gained from higher net interest income (NII) and non-interest income, and a rise in loans and deposits. Also, provisions declined during the quarter. However, the increase in expenses was the undermining factor.C ...

Huntington Bancshares (HBAN) Q4 2024 Earnings Call January 17, 2025 09:00 AM ET Company Participants Timothy Sedabres - Executive VP & Head of Investor RelationsStephen Steinour - Chairman, President & CEOZachary Wasserman - CFO & Senior EVPEbrahim Poonawala - Managing Director - Head of North American Banks ResearchBrian Foran - Managing DirectorJon Arfstrom - Managing Director - Associate Director of US ResearchNathan Stein - Vice President Equity Research Conference Call Participants Manan Gosalia - Equi ...