Core Insights - Freedom Financial Holdings reported a net loss of $3,567,973 or $0.50 per diluted share for Q4 2025, a significant decline from a net income of $1,122,930 or $0.16 per diluted share in Q3 2025 and $1,156,906 or $0.16 per diluted share in Q4 2024 [1][6] - For the full year 2025, the company achieved a net income of $374,197 or $0.05 per diluted share, down from $4,710,286 or $0.64 per diluted share in 2024 [1][6] Financial Performance - The bank's pre-provision, pre-tax income (PPNR) for Q4 2025 was $2.2 million, an increase of 84.4% from Q4 2024 and 22.6% from Q3 2025 [2] - Total revenue for the full year 2025 increased by 9.51% compared to 2024, primarily due to net interest margin expansion related to lower funding costs [9] Net Interest Income - Net interest income for Q4 2025 was $6.70 million, a decrease of 0.77% from Q3 2025 but an increase of 4.3% from Q4 2024 [4] - The net interest margin for Q4 2025 was 2.70%, up 4 basis points from Q3 2025 and 26 basis points from Q4 2024 [4] Asset Quality - Non-accrual loans increased to $26,767,487 or 3.51% of loans held-for-investment, up from 2.30% in the previous quarter, primarily due to one large syndicated loan [12] - The ratio of the allowance for credit losses to loans held-for-investment was 1.82% as of December 31, 2025, compared to 0.85% in the prior year [13] Deposits and Borrowings - Total deposits increased by $59.2 million or 6.93% in Q4 2025, with non-interest-bearing demand deposits rising to 16.3% of total deposits [14] - Borrowings decreased by $25 million during the quarter, reflecting a shift towards core deposits [20] Capital and Equity - The bank's Total Risk Based Capital ratio increased to 15.08% at year-end 2025, compared to 14.35% at the end of 2024 [2][16] - Stockholders' equity as of December 31, 2025, was $84.34 million, a decrease from $87.19 million at the end of Q3 2025 [15] Share Buyback Program - The company repurchased 29,400 shares in Q4 2025 and a total of 207,092 shares for the full year at an average price of $10.51 per share [17]

4Q 2025 Investor Presentation January 29, 2026 Safe Harbor The information contained in this investor presentation may contain statements that are not historical in nature but rather are based on management's beliefs, assumptions, expectations, estimates and projections about the future. These statements can sometimes be identified by Arrow's use of forward-looking words such as "may," "will," "anticipate," "estimate," "expect," or "intend." These statements may be "forward- looking statements" within the m ...

Core Viewpoint - Affinity Bancshares, Inc. (AFBI) has shown strong earnings growth in Q4 2025, driven by increased net interest income and reduced noninterest expenses, despite some challenges in stock performance compared to the S&P 500 Index [1][2][8]. Financial Performance - For Q4 2025, net income was $2.1 million, a 58.5% increase from $1.3 million in Q4 2024, with diluted EPS rising 70% to $0.34 from $0.20 [2]. - Full-year net income reached $8.3 million in 2025, up 53.1% from $5.4 million in 2024, while diluted EPS increased 55.4% to $1.29 from $0.83 [4]. Revenue and Income Sources - Net interest income for Q4 2025 grew 11% to $8.3 million from $7.4 million a year earlier, primarily due to higher interest income on loans and deposits [3]. - Noninterest income saw a modest increase in Q4, but full-year noninterest income declined due to lower service charges and the absence of real estate sale gains [10]. Balance Sheet and Profitability Metrics - Net interest margin (NIM) expanded to 3.77% in Q4 from 3.56% a year earlier, reflecting improved expense control [5]. - Total assets increased to $881.7 million as of Dec. 31, 2025, from $866.8 million a year earlier, supported by loan growth and higher interest-earning deposits [5]. Loan and Deposit Growth - Total gross loans rose to $742.7 million as of Dec. 31, 2025, from $714.1 million a year earlier, with growth in construction, consumer, and commercial real estate loans [6]. - Deposits increased to $695 million as of Dec. 31, 2025, from $673.5 million, primarily driven by demand deposits [6]. Asset Quality - Non-performing loans decreased to $3.6 million as of Dec. 31, 2025, from $4.8 million at the end of 2024, indicating improved asset quality [7]. - The allowance for credit losses increased to 1.21% of total loans as of Dec. 31, 2025, from 1.19% a year earlier, with coverage of non-performing loans rising to 251.9% from 177.9% [7]. Management Insights - Management attributed improved earnings to higher net interest income and reduced noninterest expenses, with a focus on disciplined balance sheet management [8]. - The reduction in noninterest expenses by 5.6% year-over-year to $5.4 million was a key driver of earnings growth [11]. Shareholder Returns and Corporate Actions - The company paid a dividend of $1.50 per share and repurchased $6 million of common stock during the year [13]. - No acquisitions or divestitures beyond balance sheet actions were reported for the quarter [13].

Financial Data and Key Metrics Changes - Full year pre-tax, pre-provision earnings growth of 105% year-over-year, with earnings per share increasing 45% to $3.40 when excluding merger-related charges [3][4] - Fourth quarter net income, excluding merger and restructuring expenses, was $81 million, with diluted earnings per share of $0.84, an 18% increase year-over-year [4][10] - Total assets increased 48% year-over-year to $27.7 billion, with total portfolio loans rising 52% to $19.2 billion [11] Business Line Data and Key Metrics Changes - Loan growth was fully funded by deposit growth, with total loans increasing 6% annualized from the third quarter and 5% year-over-year [8][12] - Non-interest income for the fourth quarter was $43.3 million, a 19% increase year-over-year, driven by the acquisition of Premier [14] - Treasury management revenue reached a record of $6 million, with total wealth management assets under management at $10.4 billion [6][14] Market Data and Key Metrics Changes - Deposits increased 53% year-over-year to $21.7 billion, including $6.9 billion from acquired PFC deposits and $662 million from organic growth [12] - Commercial real estate payoffs totaled $415 million in the fourth quarter and over $900 million for the year, exceeding previous expectations [7][11] Company Strategy and Development Direction - The company successfully integrated Premier Financial, transforming into a $28 billion asset regional financial services partner, ranking among the top 50 publicly traded U.S. financial institutions [5][6] - Continued investment in organic growth through new loan production offices and a new healthcare vertical, optimizing financial center networks and digital banking capabilities [6][9] Management's Comments on Operating Environment and Future Outlook - Management anticipates mid-single-digit year-over-year loan growth during 2026, despite expected elevated commercial real estate payoffs [8][30] - The company expects net interest margin to remain consistent with the fourth quarter margin of 3.61% in the first quarter, with potential increases in subsequent quarters [19][44] Other Important Information - The efficiency ratio for the fourth quarter was just below 52%, reflecting a focus on operational efficiencies and cost control [10][16] - The CET1 ratio improved to 10.34%, with expectations to build 15-20 basis points per quarter moving forward [18][61] Q&A Session Summary Question: Loan growth expectations and payoffs - Management expects a step down in payoffs from the elevated fourth quarter number, estimating $600 million-$800 million in 2026, weighted towards the first half [28][30] Question: Details on the healthcare vertical - The healthcare vertical generated around $500 million in new loans last year and is expected to be a significant growth driver [32][33] Question: Expense guidance and branch evaluations - Management confirmed that branch closures are not reflected in current numbers, and evaluations of the branch network will continue throughout the year [42][43] Question: Margin outlook and factors influencing it - The margin is expected to remain flat in the first quarter, with a step up in the second quarter due to deposit growth and repricing of CDs [44][49] Question: Capital deployment priorities - The company prioritizes dividends, loan growth, and buybacks, with M&A being a distant fourth [59][60]

Financial Data and Key Metrics Changes - Full year pre-tax, pre-provision earnings growth of 105% year-over-year, with earnings per share increasing 45% to $3.40 when excluding merger-related charges [3][4] - Fourth quarter net income available to common shareholders of $81 million, with diluted earnings per share of $0.84, an 18% increase year-over-year [4][11] - Return on tangible common equity for the fourth quarter was 16%, with non-performing assets to total assets at 0.33% [6][15] Business Line Data and Key Metrics Changes - Total portfolio loans increased 52% year-over-year to $19.2 billion, driven by both acquired loans and organic growth [13] - Treasury management revenue reached a record of $6 million, with total wealth management assets under management at $10.4 billion [7][10] - Non-interest income for the fourth quarter was $43.3 million, a 19% increase year-over-year, primarily due to the acquisition of Premier [16] Market Data and Key Metrics Changes - Total deposits increased 53% year-over-year to $21.7 billion, with organic growth of $662 million fully funding loan growth [14] - Commercial real estate project payoffs totaled $415 million in the fourth quarter and over $900 million for the year, exceeding previous expectations [8][13] - The commercial loan pipeline stood at over $1.2 billion, with more than 40% tied to new markets and loan production offices [9] Company Strategy and Development Direction - The company successfully integrated Premier Financial, transforming into a $28 billion asset regional financial services partner, ranking among the top 50 publicly traded U.S. financial institutions [6] - Continued investment in organic growth through new loan production offices and a new healthcare vertical, optimizing financial center networks and digital banking capabilities [7][10] - Focus on relationship banking as a differentiator, with plans to expand into new markets such as Richmond and Atlanta [10][37] Management's Comments on Operating Environment and Future Outlook - Management anticipates mid-single-digit year-over-year loan growth during 2026, despite expected elevated commercial real estate payoffs [9][34] - The company expects net interest margin to remain consistent with the fourth quarter margin of 3.61% in the first quarter, with gradual increases anticipated throughout the year [21][49] - Management remains committed to disciplined expense management to drive positive operating leverage and shareholder value [22][60] Other Important Information - The efficiency ratio for the fourth quarter was just below 52%, reflecting updated calculation methodologies [18] - The company redeemed $150 million of Series A Preferred Stock and $50 million of subdebt acquired for Premier during the fourth quarter [19] - Anticipated effective tax rate for the full year is between 20.5% and 21.5%, slightly higher than 2025 [25] Q&A Session Summary Question: Loan growth expectations and payoffs - Management expects a step down in payoffs from the elevated fourth quarter number, estimating $600 million to $800 million in 2026, weighted towards the first half [31][32] Question: Details on the healthcare vertical - The healthcare vertical generated around $500 million in new loans last year and is expected to be a significant growth engine moving forward [35][36] Question: Expense guidance and branch evaluations - Management confirmed that branch closures are not reflected in current expense guidance, and evaluations of the branch network will continue [44][45] Question: Margin outlook and factors influencing it - Management discussed the extraordinary deposit growth in the fourth quarter and its impact on margin, with expectations for continued improvement in the second quarter [46][49] Question: Fee initiatives and treasury management growth - Treasury management fees have seen significant growth, with expectations for continued double-digit growth this year [98][100]

Financial Data and Key Metrics Changes - For the full year 2025, the company reported pre-tax, pre-provision earnings growth of 105% year-over-year and earnings per share (EPS) growth of 45% to $3.40, excluding merger-related charges [3][4] - The fourth quarter net income, excluding merger and restructuring expenses, was $81 million, with diluted EPS of $0.84, an 18% increase year-over-year [4][10] - The return on tangible common equity for the fourth quarter was 16%, with non-performing assets to total assets at 0.33% [5][10] Business Line Data and Key Metrics Changes - Total portfolio loans increased by 52% year-over-year to $19.2 billion, driven by both acquired loans from Premier Financial and organic growth [11] - Non-interest income for the fourth quarter was $43.3 million, a 19% increase year-over-year, primarily due to the acquisition of Premier [14] - Treasury management revenue reached a record of $6 million, with total wealth management assets under management at $10.4 billion [6][14] Market Data and Key Metrics Changes - Total deposits increased by 53% year-over-year to $21.7 billion, supported by acquired deposits from Premier Financial and organic growth [12] - The company experienced a significant increase in commercial real estate project payoffs, totaling $415 million in the fourth quarter and over $900 million for the year, which created a 4% headwind to loan growth [7][11] Company Strategy and Development Direction - The company successfully integrated the acquisition of Premier Financial, transforming itself into a $28 billion asset regional financial services partner and ranking among the top 50 publicly traded U.S. financial institutions [5][6] - Continued investment in organic growth includes opening loan production offices in new markets and launching a healthcare vertical [6][9] - The company aims to maintain a focus on relationship banking, which differentiates it from competitors [6] Management's Comments on Operating Environment and Future Outlook - Management anticipates mid-single-digit year-over-year loan growth during 2026, despite expected elevated commercial real estate payoffs [8][30] - The company expects net interest margin to remain consistent with the fourth quarter margin of 3.61% in the first quarter of 2026, with potential increases in subsequent quarters [18][49] - The effective tax rate for 2026 is projected to be between 20.5% and 21.5%, slightly higher than in 2025 [23] Other Important Information - The company redeemed $150 million of Series A Preferred Stock and $50 million of subdebt acquired for Premier during the fourth quarter [16] - The CET1 ratio improved to 10.34%, with expectations to build 15-20 basis points per quarter moving forward [17][59] Q&A Session Summary Question: Loan growth expectations and payoffs - Management expects elevated payoffs in the first half of 2026, estimating between $600 million and $800 million, but believes loan growth will remain strong due to a robust pipeline [28][30] Question: Expense guidance and branch evaluations - Management confirmed that branch evaluations will continue, with potential for additional closures not reflected in current numbers [42][43] Question: Margin outlook and factors influencing it - The company anticipates a flat margin in the first quarter, with a step-up in the second quarter due to strong deposit growth and repricing of CDs [44][46] Question: Capital deployment priorities - The company prioritizes dividends, loan growth, and buybacks, with M&A being a distant fourth [57][58] Question: Fair Value Accretion expectations - Management models about 25 basis points of fair value accretion for the first quarter, with a gradual decline over the next six years [62] Question: Deposit pipeline and costs - The deposit pipeline remains strong, with spot deposit rates slightly down at the end of December [85][86] Question: Types of loans in new markets - The types of loans in new markets are similar to legacy markets, focusing on commercial real estate, commercial and industrial loans, and healthcare [90]

Financial Data and Key Metrics Changes - In 2025, Five Star Bancorp achieved a year-over-year growth in total loans held for investments of 15%, total deposit growth of 18%, net income growth of 35%, and an increase in earnings per share of 28% to $2.90 per share [5][6] - Financial highlights for Q4 included net income of $17.6 million, earnings per share of $0.83, return on average assets of 1.50%, and return on average equity of 15.97% [5][6] - The net interest margin expanded by 10 basis points to 3.66%, while the total cost of deposits declined by 21 basis points to 2.23% [5][6] Business Line Data and Key Metrics Changes - Loans held for investment grew by $187.7 million, or 19% on an annualized basis in Q4, and total deposits increased by $97.6 million, or 10% on an annualized basis [6][9] - The commercial real estate portfolio saw significant growth, increasing by $161.4 million in Q4 and $448.5 million for the year [8] Market Data and Key Metrics Changes - The company experienced outstanding balance sheet growth, with total assets increasing by $113.1 million in Q4 and $701.6 million for the full year [8] - Non-wholesale deposits increased by $738.1 million, or 25%, while wholesale deposits decreased by $95 million, or 17% [6][10] Company Strategy and Development Direction - The company plans to further develop all business verticals while expanding into new markets, emphasizing a blend of technology and personalized service [17] - Five Star Bancorp aims to maintain a focus on innovation and service excellence, with a commitment to organic growth and community engagement [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to achieve 10% growth in both loans and deposits for 2026, despite acknowledging the competitive landscape [26][44] - The company is focused on maintaining strong asset quality, with non-performing loans representing only 8 basis points of total loans held for investment [6][9] Other Important Information - The company announced a cash dividend increase to $0.25 per share, marking the first increase since April 2023 [8] - The efficiency ratio was reported at 40.62% for Q4 and 41.03% for the year, indicating a focus on managing expenses while supporting growth [5][6] Q&A Session Summary Question: Drivers behind loan origination growth - Management noted strong performance across all verticals, particularly in food and agriculture, with seasonal factors contributing to loan production [21][22] Question: Competitive landscape for deposits - The market is highly competitive, but the company believes its business development team provides a competitive advantage in attracting core deposits [24][25] Question: Expense growth outlook - Management anticipates a moderate increase in expenses, targeting an expense-to-asset ratio of 148%-155% for 2026 [36][37] Question: Loan origination yields and competition - The company is experiencing competitive pressures on loan spreads, particularly in owner-occupied real estate and lines of credit [38][39] Question: Capital comfort and growth expectations - Management expressed confidence in maintaining capital ratios with a 10% growth rate, but acknowledged that higher growth rates would necessitate additional capital [42][44]

Core Insights - SouthState Corporation (SSB) reported fourth-quarter 2025 adjusted earnings per share of $2.47, exceeding the Zacks Consensus Estimate of $2.30, with a 28% increase year-over-year [1] - The company's total revenues for the quarter reached $686.9 million, a 52.5% year-over-year increase, surpassing the Zacks Consensus Estimate by 3% [3] - For the full year 2025, adjusted earnings per share were $9.50, beating the Zacks Consensus Estimate of $9.11, representing a 31.8% rise from the previous year [2] Revenue and Income - Net interest income (NII) for the fourth quarter was $581.1 million, up 57.2% from the prior-year quarter, with the net interest margin increasing to 3.86% from 3.48% [3][4] - Non-interest income was reported at $105.8 million, reflecting a 31.3% increase year-over-year [4] - Total revenues for 2025 were $2.68 billion, a 56.1% increase, exceeding the Zacks Consensus Estimate of $2.65 billion [3] Expenses and Efficiency - Non-interest expenses rose 42.2% to $364.9 million, primarily due to increases in various expense components [4] - The efficiency ratio improved to 49.65% from 55.73% in the year-ago quarter, indicating enhanced profitability [4] Loans and Deposits - As of December 31, 2025, net loans stood at $48 billion, a 2% increase from the prior quarter, while total deposits rose to $55.1 billion, also up 2% [5] Asset Quality - The company recorded a provision for credit losses of $6.6 million, a 3.7% increase from the prior-year quarter [6] - The allowance for credit losses as a percentage of loans was 1.20%, down 17 basis points year-over-year [6] Capital and Profitability Ratios - As of December 31, 2025, the Tier I leverage ratio was 9.3%, down from 10% in the year-ago quarter, and the Tier 1 common equity ratio decreased to 11.4% from 12.6% [9] - The annualized return on average assets was 1.47%, up from 1.23% in the prior-year period, while return on average common equity improved to 10.90% from 9.72% [9] Future Outlook - The company's rising NII and non-interest income are expected to support top-line growth in the near term, alongside a strong loan pipeline and strategic buyouts [10]

Financial Performance - Net income was $51.2 million, compared to $53.5 million for the prior quarter[5] - HFI Loan growth of $367 million year-over-year, representing a 3% increase[5] - Core deposits grew by $196 million year-over-year, a 2% increase[5] - Net interest margin (tax equivalent) increased by 5 basis points to 4.03%[5] - Return on average assets was 1.24%, and return on average tangible common equity was 13.11%, compared to 1.30% and 14.17%, respectively, for the prior quarter[5] Loan Portfolio and Credit Quality - Total loan originations (excluding HFS) were $867 million[5] - Allowance for credit losses – loans was 1.37% of total loans[5] - Non-performing assets remained low at 0.31% of total assets, up 4 basis points from last quarter[5] Capital Management - Repurchased 249,975 shares of Banner common stock at an average price of $63.14 per share[5] - Announced dividend of $0.50 per share to be paid in February 2026[5] Revenue and Efficiency - Efficiency ratio (GAAP) was 62.11%, compared to 59.76% in the prior quarter; adjusted, non-GAAP efficiency ratio was 59.87% compared to 58.54% in the prior quarter[5] - Core revenue for the quarter ending December 31, 2025, was $170 million, and $661 million for the last 12 months[20]

Core Insights - First Horizon National (FHN) reported a revenue of $888 million for the quarter ended December 2025, reflecting a year-over-year increase of 21.8% and surpassing the Zacks Consensus Estimate by 2.99% [1] - The earnings per share (EPS) for the quarter was $0.52, an increase from $0.43 in the same quarter last year, although it did not meet the consensus EPS estimate of $0.47 [1] Financial Performance Metrics - Net Interest Margin (FTE) was reported at 3.5%, exceeding the average estimate of 3.4% from four analysts [4] - The Efficiency Ratio stood at 61.3%, higher than the average estimate of 59.7% based on four analysts [4] - The Net Charge-Off Ratio was 0.2%, matching the average estimate from three analysts [4] - Average Balance of Total Interest Earning Assets was $77.03 billion, above the estimated $76.16 billion from two analysts [4] - Total Nonperforming Loans and Leases were reported at $604 million, lower than the estimated $622.63 million from two analysts [4] - Total Non-Interest Income was $212 million, slightly above the average estimate of $209.29 million from four analysts [4] - Net Interest Income (FTE) was $679 million, exceeding the estimate of $659.03 million from three analysts [4] - Net Interest Income was reported at $676 million, compared to the average estimate of $654.83 million from three analysts [4] Stock Performance - Shares of First Horizon have returned +0.8% over the past month, while the Zacks S&P 500 composite increased by +1.6% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]