Financial Data and Key Metrics Changes - For the full year of 2025, the company earned over $475 million in net profit, an 18.2% increase over 2024, with a return on investment (ROI) of 2.05% and an efficiency ratio of 41.29% [4][5] - The fourth quarter profit was reported at $118 million, an 18% increase from the previous year, with a net interest margin of 4.61% and a return on tangible common equity (ROTCE) of 16.65% [5][15] - The company reported record revenue of $1.09 billion for the year, with earnings per share (EPS) of $2.41, a 20% increase over 2024 [4][5] Business Line Data and Key Metrics Changes - Loan production for the fourth quarter exceeded $2.1 billion, with nearly $1.2 billion originating from the community bank footprint, particularly $600 million from Florida [15][19] - CCFG originated over $800 million in loan commitments in the fourth quarter, resulting in $236 million in net loan growth, marking a 10% growth for the year [23] - Total loan growth for the year was $922 million, representing a 6.24% increase [19] Market Data and Key Metrics Changes - Deposit balances improved by over $150 million in the fourth quarter, with total deposit costs at 1.91% [16] - Non-interest-bearing deposits comprised 22% of total deposits, indicating stable growth in this area [16] Company Strategy and Development Direction - The company announced a letter of intent (LOI) with Mountain Commerce Bank, marking its entry into the Tennessee market, which is expected to be accretive from day one [5][6][17] - Management emphasized a focus on avoiding dilution through acquisitions and improving performance by buying back stock instead [8][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, indicating that 2026 may be a good year for the company, with expectations of continued strong performance [41] - The management acknowledged the challenges faced by the banking industry but highlighted the company's resilience and strong asset quality metrics [20][12] Other Important Information - The company purchased 2,890,706 shares for $81.3 million in 2025, with 540,706 shares bought back for $14.7 million in the fourth quarter [5][4] - The company maintained a common equity tier one capital ratio of 16.3% and total risk-based capital at 19.1% [16] Q&A Session Summary Question: What do you attribute the growth to for the quarter? - Management noted that the growth was driven by a combination of larger loans being fully funded and strong pipelines, with no significant changes in loan sizes or geography [35][36] Question: Is the reserve level of 190 sufficient considering stable credit quality? - Management indicated that they prefer to maintain a 2% reserve and are open to increasing it if opportunities arise, expressing confidence in the current reserve level [41][42] Question: How do you view the competitive pressures in loan pricing? - Management acknowledged that there are competitive pressures with some aggressive pricing in the market, but they believe their team is navigating this environment well [61][62] Question: What is the outlook for the Texas franchise? - Management reported that the Texas operations are performing as expected and are now growing, indicating improvements in the Dallas-Fort Worth and West Texas areas [106][108]