Financial Data and Key Metrics Changes - Total loan balances decreased by $37 million in Q1 2025 due to elevated payoffs and prepayments, with loan yields at 5.45%, down 2 basis points from Q4 2024 [7][12] - Total deposits increased by $160.7 million in the quarter, with 95% of this growth in non-mature deposits, primarily in money market accounts [9][27] - Net interest margin increased to 3.44% for Q1 from 3.36% in the prior quarter, driven by decreases in the cost of deposits and borrowings [12] - Non-interest expense increased by $1.8 million from the prior quarter, primarily due to higher benefit costs and payroll taxes [14] Business Line Data and Key Metrics Changes - Commercial lending closed $183 million in new loan commitments, down from $316 million in the previous quarter but up from $133 million in Q1 2024 [24] - The commercial loan pipeline ended Q1 at $460 million, up from $452 million in the previous quarter [25] - Investment balances decreased by $53.8 million, partly due to a pretax loss of $3.9 million on the sale of $61 million of securities [11] Market Data and Key Metrics Changes - The cost of interest-bearing deposits decreased to 1.92% in Q1 from 1.98% in the prior quarter, with expectations for further decreases due to repricing of CDs [10] - Non-performing loans improved from 0.11% of total loans at year-end to 0.09% [18] Company Strategy and Development Direction - The company aims to continue taking advantage of opportunities for growth and potential M&A, with a solid balance sheet and a strong loan pipeline [34][36] - The focus remains on prudent risk management and maintaining a strong capital position to navigate economic uncertainties [29][22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about core profitability due to strong deposit growth and prudent risk management [5] - The company anticipates an annualized loan growth rate of 5% to 8% for Q2 2025, despite uncertainties in the market [77][82] Other Important Information - The company has 990,000 shares available for repurchase under the current plan, although no shares were repurchased in Q1 [15] - Credit quality metrics remained stable, with non-accrual loans totaling just over $4.4 million, representing 0.09% of total loans [17] Q&A Session Summary Question: Perspective on Heritage's position among independent banks - Management believes the bank is well-positioned with specific goals for 2025 and readiness for potential M&A opportunities [34][36] Question: Details on the new team in Spokane - The new team was sourced from a larger regional bank, and the decision was based on fit and market opportunity [38][40] Question: Comments on stock buyback activity - The decision on stock buybacks is made quarterly, with no repurchases in Q1 due to stock price considerations [43] Question: Margin and deposit costs - The NIM in March was 3.45%, with the cost of interest-bearing deposits at 1.92% [48] Question: Loan growth opportunities - The company sees balanced opportunities in commercial real estate and C&I, with a focus on deposit-rich clients [62] Question: Credit metrics and underwriting approach - Management is closely monitoring economic changes and adapting their credit management strategies accordingly [72]

Start Time: 08:30 January 1, 0000 9:16 AM ET Getty Realty Corp. (NYSE:GTY) Q1 2025 Earnings Conference Call April 24, 2025, 08:30 AM ET Company Participants Christopher Constant - President and CEO Mark Olear - EVP and COO Brian Dickman - EVP, CFO and Treasurer Joshua Dicker - EVP, General Counsel and Secretary Conference Call Participants Daniel Byrne - Bank of America Mitch Germain - Citizens JMP Upal Rana - KeyBanc Capital Markets Wes Golladay - Baird Brad Heffern - RBC Michael Goldsmith - UBS Michael Go ...

Bankwell Financial Group (BWFG) Q1 2025 Earnings Call April 24, 2025 10:00 AM ET Company Participants Courtney Sacchetti - Executive VP & CFOChristopher Gruseke - CEOChristopher O'Connell - DirectorMatthew McNeill - Executive VP & Chief Banking Officer Operator Ladies and gentlemen, thank you for standing by, and welcome to the Bankwell Financial Group First Quarter twenty twenty five Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will b ...

Getty Realty (GTY) Q1 2025 Earnings Call April 24, 2025 08:30 AM ET Company Participants Joshua Dicker - Executive Vice President, General Counsel and SecretaryChristopher Constant - President and Chief Executive OfficerMark Olear - EVP and COOBrian Dickman - EVP, CFO and TreasurerMitch Germain - MD - Real Estate ResearchBrad Heffern - DirectorMichael Gorman - Managing Director Conference Call Participants None - AnalystUpal Rana - Senior Equity Research Analyst - US REITsWesley Golladay - Senior Research ...

Financial Data and Key Metrics Changes - The company reported quarterly net income of $189 million and record net interest income of $526 million, despite having two fewer business days compared to the prior period [6][36] - Loans grew by over $650 million and deposits increased by over $1.1 billion, with a net interest margin of 3.56%, which is five basis points higher than the previous quarter [7][11] - Charge-offs for the quarter decreased to 11 basis points, and the provision for credit losses was $24 million, consistent with prior quarters [8][9] Business Line Data and Key Metrics Changes - Loan growth was 6% on an annualized basis, while deposit growth was approximately 8% on an annualized basis [11] - Non-interest income was relatively stable, totaling $116.6 million, with increases in net security gains and fees from covered call options offset by lower wealth management revenue [17] - Non-interest expenses totaled $366.1 million, down approximately $2.4 million from the prior quarter, primarily due to lower salary and employee benefit expenses [18][19] Market Data and Key Metrics Changes - Non-interest bearing deposits represented 21% of total deposits at the end of the quarter, remaining stable over the last five quarters [12] - The company anticipates strong loan growth in the second quarter, particularly in the premium finance segment, which is expected to grow close to $1 billion [26] Company Strategy and Development Direction - The company announced an increase in its dividend to $2 per share on an annualized basis and continues to grow its capital ratio, with a CET1 ratio of slightly over 10% [36] - The management emphasized the importance of differentiated client service and maintaining a strong local presence to navigate economic uncertainties [40] Management's Comments on Operating Environment and Future Outlook - Management noted that while there is uncertainty in the market, clients remain generally encouraged about the local economy and their ability to perform normally [45] - The company is focused on proactive communication with clients to address concerns related to economic conditions, tariffs, and funding cuts [34][46] Other Important Information - The company received 14 Coalition Greenwich Awards and was recognized for best customer service in Illinois for the fourth consecutive year [36] - The tangible book value per common share increased to $78.83 compared to $75.39 in the prior quarter [23] Q&A Session Summary Question: How prevalent is uncertainty from borrowers and its impact on growth outlook? - Management acknowledged that borrowers are cautious but remain generally encouraged about the local economy, maintaining their loan growth expectations [45][46] Question: Can you walk us through the thought process on reserve changes? - The management explained that while the baseline economic scenario improved, they implemented a qualitative overlay due to spikes in credit spreads and equity market factors at the end of the quarter [52][69] Question: Any changes in competitive pricing on new home production? - Management noted that competition remains rational, with slight declines in rates from competitors, but they expect to balance this with strong loan growth [58][60] Question: How is new client acquisition in wealth management going? - The company is transitioning to a new platform that is expected to improve capabilities for financial advisors, which should enhance growth in the wealth management business [72][73] Question: Thoughts on M&A and growth through acquisition? - Management indicated ongoing M&A conversations and expressed confidence in their ability to pursue attractive acquisition opportunities [76] Question: How should we think about the source of deposit growth going forward? - Management expects to continue growing deposits to match loan growth, with a stable mix of commercial and consumer relationships [82][84]

United Community Banks, Inc. (UCBI) Q1 2025 Earnings Conference Call April 22, 2025 09:00 AM ET Company Participants Operator - Pre-call Disclosure / Conference IntroductionModerator - Conference Call ModeratorLynn Harten - Company Executive (Presenter)Rob - Credit/Portfolio OfficerRich - Executive RepresentativeJefferson - Chief Financial Officer (CFO) Conference Call Participants Gary Tenner - Analyst, D.A. DavidsonRussell Gunther - Analyst, StevensMultiple Analysts (Steven Scouten of Piper Sandler; Micha ...

Great Southern Bancorp, Inc. (GSBC) Q1 2025 Earnings Conference Call April 17, 2025 03:00 PM ET Company Participants Call Operator - Conference Call ModeratorJeff Trika - Investor RelationsJoe Turner - President and CEORex Copeland - Chief Financial Officer Conference Call Participants Andrew Leach - Analyst, Piper Sandler CompaniesDamon Del Monte - Analyst, KBW Call Operator I would now like to hand the conference over to your speaker today, Jeff Trika, Investor Relations. Please go ahead. Jeff Trika Thank ...

Fulton Financial Corporation (FULT) Q1 2025 Earnings Conference Call April 16, 2025 10:00 AM ET Company Participants Operator - Conference Call OperatorMatt Joswak - Director of Investor RelationsKurt Myers - Chairman and Chief Executive OfficerRick Kramer - Chief Financial OfficerModerator - Conference Call ModeratorAngela - KBW Representative (asking on behalf of Chris McGrady) Conference Call Participants Frank Chiraldi - Piper Sandler AnalystDaniel Tamayo - Raymond James AnalystManuel Navas - DA Davidso ...

Financial Data and Key Metrics Changes - Fourth quarter adjusted earnings per share were $0.33, and full year adjusted earnings per share were $3.3, at the high end of guidance [8][28] - Fourth quarter consolidated sales were $639.2 million, down 8.3% year-over-year, with a $30.3 million unfavorable impact from the fifty-third week [24][25] - Full year consolidated sales were $2.72 billion, down 3.4% compared to the previous year [25] - Fourth quarter consolidated gross margin was 43%, an 80 basis point decrease from last year [25] - Full year consolidated gross margin was 44.9%, up approximately 10 basis points from last year [25] Business Line Data and Key Metrics Changes - Brand portfolio sales declined 7.2% in the fourth quarter, with a 5% decline excluding the fifty-third week [8][25] - Famous Footwear sales were down 9.6% in total and down 2.9% on a comparable basis [25] - Lead brands, including Sam Edelman, Allen Edmonds, Naturalizer, and Vionic, outperformed the overall brand portfolio [6][9] - Allen Edmonds showed growth across all channels, with strong performance in sport and dress loafers [10][11] Market Data and Key Metrics Changes - Internationally, the company activated new premium wholesale partnerships in Europe and continued expansion in China and Southeast Asia [10] - Famous Footwear's comparable store sales were down 2.9%, with brick-and-mortar sales down 4.1% and comparable web sales up 3.1% [16] Company Strategy and Development Direction - The company is focused on long-term growth by investing in key areas while reducing expenses elsewhere [6] - The acquisition of Stuart Weitzman is expected to enhance exposure to the contemporary segment and premium price points [16] - The company plans to upgrade 25 more stores to the Flare format in 2025, which has shown strong performance [18][73] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for 2025, despite challenges from inflation and tariffs [20][21] - The company anticipates sequential improvement throughout the year, driven by new product introductions and improved leadership [36][38] - Management noted that the current macroeconomic environment presents headwinds for value-based consumers [20] Other Important Information - The company returned approximately $75 million to shareholders through buybacks and dividends [7] - Inventory at year-end was $565 million, up 4.5% year-over-year, with a focus on managing aged inventory [29] Q&A Session Summary Question: Can you elaborate on the EPS guidance assumptions for the year? - Management expects sequential quarterly improvement, with specific initiatives driving growth in both Famous and brand portfolio segments [36][38] Question: What trends are seen in the contemporary segment? - Management noted that contemporary brands are trending positively, with strong performance in fashion sneakers and seasonal items [40][41] Question: How will gross margins be affected by markdowns and tariffs? - Management anticipates some gross margin decline due to tariffs and markdowns, but expects improvements as inventory becomes more current [50][72] Question: What is the outlook for the first quarter's operating margin? - The first quarter's operating margin is expected to be the lowest of the year, with improvements anticipated as the year progresses [58] Question: How are order trends in wholesale accounts? - Management indicated that they are seeing positive trends in wholesale accounts, with plans for continued growth in remodeled stores [73]

Scholastic Corporation (NASDAQ:SCHL) Q3 2025 Earnings Conference Call March 20, 2025 4:30 PM ET Company Participants Jeffrey Mathews - Chief Growth Officer and Executive Vice President Peter Warwick - President and Chief Executive Officer Haji Glover - Chief Financial Officer and Executive Vice President Conference Call Participants Brendan McCarthy - Sidoti Operator Good day, and thank you for standing by. Welcome to the Scholastic Reports Third Quarter Fiscal Year 2025 Results. [Operator Instructions] Ple ...