Cullen/Frost Bankers (CFR) Q1 2025 Earnings Call May 01, 2025 02:00 PM ET Company Participants AB Mendez - Director - IRPhillip Green - Chairman & CEODan Geddes - CFOJared Shaw - Managing DirectorCatherine Mealor - Managing DirectorMichael Rose - Managing DirectorJon Arfstrom - Managing Director - Associate Director of US Research Conference Call Participants Casey Haire - Senior Research Analyst, Mid-Cap BanksManan Gosalia - AnalystPeter Winter - Managing Director - Senior Research Analyst Operator Greetin ...

Financial Data and Key Metrics Changes - In Q1 2025, Cullen/Frost earned $149.3 million or $2.3 per share, compared to $134 million or $2.06 per share in the same quarter last year, representing a year-over-year increase in earnings [4] - Return on average assets and average common equity were 1.19% and 15.54% respectively, compared to 1.09% and 15.22% in the same quarter last year [5] - Average deposits increased by 2.3% to $41.7 billion from $40.7 billion year-over-year, while average loans grew by 8.8% to $20.8 billion from $19.1 billion [5] Business Line Data and Key Metrics Changes - Average consumer deposits, making up 47% of the deposit base, grew by 3.8% year-over-year, while average consumer loan balances increased by 20.5% [7][8] - In the commercial banking sector, average loan balances grew by $1.1 billion or 6.6% year-over-year, with commercial real estate (CRE) balances increasing by 8.9% and energy balances by 19.8% [10] - New loan commitments totaled $1.28 billion in Q1 2025, up 1.5% from $1.26 billion in Q1 2024 [10] Market Data and Key Metrics Changes - The overall expansion efforts generated $2.64 billion in deposits and $1.9 billion in loans, exceeding goals by 27% and 402% respectively [6] - Non-performing assets declined to $85 million at the end of Q1 2025 from $93 million at year-end, representing 41 basis points of period-end loans [12] Company Strategy and Development Direction - The company continues to focus on organic growth and expansion, with plans to open its 200th financial center in the Austin region [5][6] - The strategy has resulted in a 50% increase in financial centers since late 2018, with ongoing identification of new Texas locations for expansion [6] - The company aims for its expansion efforts to be accretive to earnings beginning in 2026 [6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the consumer banking business, citing strong customer satisfaction and a leading position in Texas for consumer banking satisfaction [8] - The company anticipates net interest income growth for the full year 2025 to be in the range of 5% to 7%, up from prior guidance of 4% to 6% [23] - Management noted that while some commercial customers are cautious, there is a high degree of confidence in their ability to pass on costs to consumers [37] Other Important Information - The net interest margin increased by 7 basis points to 3.6% due to higher yielding taxable securities and loans [18] - The investment portfolio averaged $19.4 billion during Q1 2025, with a net unrealized loss of $1.4 billion, a decrease from the previous quarter [19] - The company recorded a 15% year-over-year increase in insurance commissions, driven by better alignment with the commercial banking group [81] Q&A Session Summary Question: How should we think about the deposit beta on interest-bearing deposits? - The cumulative beta is about 47%, with spot beta around 50%, expected to hold as rate cuts occur [30] Question: What is the trajectory for expenses throughout the year? - Expenses are expected to be in the high single digits, with technology costs continuing to rise [32][34] Question: What is the sentiment among commercial customers regarding investments? - Some customers are waiting for clarity on tariffs and costs, but there is a high level of confidence in passing costs along [37] Question: Why is the loan growth guidance unchanged despite a strong pipeline? - Headwinds from commercial real estate payoffs are affecting loan growth, despite a strong pipeline [43] Question: What is the outlook for non-interest income growth? - Non-interest income growth is expected to be driven by increased volume from new relationships and insurance commissions [108]

McDonald’s (MCD) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Speaker0 Hello, and welcome to McDonald's First Quarter twenty twenty five Investor Conference Call. At the request of McDonald's Corporation, this conference is being recorded. Following today's presentation, there will be a question and answer session for investors. At that time, investors only may ask a question pressing star one on their touch tone phone. I would now like to turn the conference over to Mr. Dexter Convale, Vice President of ...

McDonald’s (MCD) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Company Participants Dexter Congbalay - VP - IRChris Kempczinski - Chairman, President & CEOIan Borden - Executive VP & Global CFODennis Geiger - Executive Director - Equity ResearchDavid Palmer - Senior Managing DirectorDavid Tarantino - Director of ResearchAndrew Charles - Managing DirectorJon Tower - Director & Equity Research - Consumer & RestaurantsJohn Ivankoe - MD - Equity ResearchLauren Silberman - Director Conference Call Participants ...

WEST CHICAGO, Ill., April 30, 2025 /PRNewswire/ -- Titan International, Inc. (NYSE: TWI) ("Titan" or the "Company"), a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products announced today the expansion of production rights for the Goodyear brand across the light construction/industrial, ATV, lawn and garden, and golf tires segments. Additionally, Titan is excited to announce the renewal of its Goodyear Farm Tires licensing rights in the farm tires segment, demonst ...

D-Market Elektronik Hizmetler ve Ticaret (HEPS) Q4 2024 Earnings Call April 30, 2025 09:00 AM ET Company Participants Ceren Tuzcu Seyhunlu - Corporate Strategy & IR Group DirectorNilhan Onal Gökçetekin - Chief Executive OfficerSeçkin Köseoğlu - CFO Operator Ladies and gentlemen, thank you for standing by. I'm Vasilios, your Chorus Call operator. Welcome and thank you for joining the Hep C Burada Conference Call and the live webcast to present and discuss the Fourth Quarter and Full Year twenty twenty four F ...

Lancaster Colony (LANC) Q3 2025 Earnings Call April 30, 2025 10:00 AM ET Company Participants Dale Ganobsik - Vice President of Corporate Finance, Investor Relations & TreasurerDavid Ciesinski - President and Chief Executive OfficerThomas Pigott - CFO, VP & Assistant SecretaryAlton Stump - MD - Equity Research Conference Call Participants Jim Salera - Research AnalystScott Marks - Equity Research AnalystAndrew Wolf - SVP & Senior Research Analyst Operator Good morning. My name is Kathy, and I'll be your con ...

Lancaster Colony (LANC) Q3 2025 Earnings Call April 30, 2025 10:00 AM ET Speaker0 Good morning. My name is Kathy, and I'll be your conference call facilitator today. At this time, I would like to welcome everyone in the Lancaster Colony Corporation fiscal year twenty twenty five third quarter conference call. Conducting today's call will be Dave Cisinski, President and CEO and Tom Pickett, CFO. All lines have been placed on mute to prevent any background noise. After the speakers have completed their prepar ...

PPG Industries (PPG) Q1 2025 Earnings Call April 30, 2025 08:00 AM ET Company Participants Alejandro Lopez Bustamante - Director - IRTimothy Knavish - CEO & ChairmanKevin McCarthy - PartnerMichael Sison - Managing DirectorVincent Morales - Senior VP & CFOJohn Roberts - Managing DirectorFrank Mitsch - PresidentChristopher Parkinson - Managing DirectorMichael Leithead - Director - Equity ResearchJosh Spector - Executive Director Conference Call Participants David Begleiter - AnalystDuffy Fischer - AnalystGhan ...

Financial Data and Key Metrics Changes - The company reported sales of $3.7 billion for Q1 2025, a decrease of 4% compared to Q1 2024, primarily due to unfavorable foreign currency translation and business divestitures [7][9] - The first quarter segment EBITDA margin was 19.4%, and adjusted earnings per diluted share was $1.72 [9] - Approximately $400 million of stock was repurchased during the quarter, maintaining a strong balance sheet [9][20] Business Line Data and Key Metrics Changes - In the Global Architectural Coatings segment, net sales were significantly impacted by unfavorable foreign currency translation, decreasing sales by 7% [11] - Performance Coatings segment saw a 9% increase in organic sales, with double-digit growth in Aerospace [13] - Industrial Coatings segment net sales declined due to foreign currency translation and divestiture impacts, with organic sales down less than 2% [16][17] Market Data and Key Metrics Changes - Organic sales growth in Asia was driven by strong performance in China, India, and Vietnam [7] - The U.S. achieved 4% organic sales growth after six quarters of declines, while European organic sales were down 1%, showing improvement compared to prior quarters [8] - Latin America saw slight organic sales growth, tempered by geopolitical uncertainties [8] Company Strategy and Development Direction - The company is focused on executing its enterprise growth strategy launched in 2023, optimizing its portfolio, and investing in innovation [9][10] - PPG aims to navigate the current economic conditions by leveraging its diversified global business portfolio and flexible manufacturing processes [21][22] - The company is committed to driving shareholder value through disciplined capital allocation and share repurchases [20][86] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate uncertainties due to its structural advantages and strong cash generation capabilities [22][24] - The company anticipates project spending in Mexico to resume as economic conditions stabilize, despite current pauses [32][33] - Management reaffirmed full-year earnings per share guidance of $7.75 to $8.50, reflecting confidence in operational momentum and share gains [26][68] Other Important Information - The company issued €900 million of debt at 3.25% during the quarter, with upcoming euro debt maturities [19] - Management highlighted the importance of monitoring customer order patterns and adjusting operations accordingly in response to macroeconomic changes [22][24] Q&A Session Summary Question: How do you expect margins to trend in Q2 for Global Architectural? - Management expects margin recovery driven by sequential volume improvement and positive pricing [28][29] Question: How much was the COMEX business down in Q1? - The business was impacted by a pause in project-related spending, but core retail sales remained solid [30][31] Question: What is happening in the Refinish industry? - The lumpiness in sales is due to the two-step distribution model, but pricing remains strong due to the value proposition offered [35][36] Question: Can you unpack the sales guidance for Global Architectural Coatings? - Management expects project pauses in Mexico to continue into Q2, but anticipates improvements in Europe [42][46] Question: What are the expectations for Performance Coatings volume this year? - Management is confident in achieving mid-single-digit growth due to strong performance across various business units [50][52] Question: What is the impact of tariffs on the company? - The company has minimal impact from tariffs due to its localized sourcing strategy and is prepared to adjust pricing as necessary [60][61] Question: What is the split between residential and commercial in the COMEX business? - The core business is mostly residential, with recent expansions into project business [115] Question: What is the updated full-year currency EPS headwind? - The company expects a $0.09 impact from currency in Q1, which will diminish in subsequent quarters [117]