Financial Data and Key Metrics Changes - Net income grew nearly 20% quarter-over-quarter and 43% year-over-year, driven by resilient margins and a sharp decline in provision charges [4][28] - Return on equity (ROE) expanded by 288 basis points during the period, reaching 20.4% [5][28] - The standalone double leverage ratio was 106%, indicating strong creditworthiness and room for further leverage [5] Business Line Data and Key Metrics Changes - Nominal loan growth was flat during the quarter, but adjusted for effects, loan growth would have reached 1.2% quarter-over-quarter and 5.9% annually [4][14] - Consumer loans were the main driver of growth, with credit card usage and Nequi's performance contributing significantly [14][22] - Mortgages registered strong growth, with an annual increase of 11% [14] Market Data and Key Metrics Changes - The Colombian economy sustained a recovery with an expected annual growth rate of 2.4% for Q3, consistent with a full-year GDP forecast of 2.6% [10] - Central American operations showed resilience, with El Salvador expected to grow 2.2% and Guatemala projected to expand 3.6% [12] Company Strategy and Development Direction - The company is well-positioned to deliver sustained value creation for shareholders through a new corporate structure under a holding company [6] - The share buyback program is progressing well, enhancing ROE performance and boosting key valuation metrics [7][8] - The launch of Nequi is seen as a significant step towards sustained profitability, with expectations of breakeven by Q1 of next year [5][22] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of a robust digital offer combined with physical presence to manage funding costs effectively [36] - The company anticipates loan growth of approximately 3.5% for 2025, with a net interest margin estimated at 6.5% [30][31] - The cost of risk is expected to be in the range of 1.5-1.7%, indicating continued improvements in asset quality [31] Other Important Information - The company reported a significant reduction in net provisions, amounting to COP 800 billion, a 24% quarterly drop [24][26] - Operating expenses decreased by 2.4% during the quarter, driven by efficiency strategies [27] Q&A Session Summary Question: Sustainability of funding costs and potential upward revisions to ROE - Management emphasized a structural advantage in managing funding costs through a diverse deposit base and a robust digital offer, with ROE guidance for 2025 around 17% [35][37] Question: Update on presidential elections and efficiency guidance - Management noted that clarity on presidential candidates will improve by January, with efficiency guidance for 2026 set around 50% [42][46] Question: Loan growth breakdown and sustainable levels for new PDL - Loan growth for 2026 is guided at 7%, with consumer loans expected to grow around 10% [54][58] Question: Model recalibration and tax rates - The model recalibration reflects improved credit risk across all countries, with an effective tax rate for Grupo Cibest around 28% [64][66] Question: Buyback program and Nequi's profitability roadmap - Management expressed satisfaction with the buyback program's progress and highlighted Nequi's strong performance, expecting profitability in 2026 [78][81]

TEANECK, N.J., Nov. 03, 2025 (GLOBE NEWSWIRE) -- Bogota Financial Corp. (NASDAQ: BSBK) (the “Company”), the holding company for Bogota Savings Bank (the “Bank”), reported net income for the three months ended September 30, 2025 of $455,000, or $0.04 per basic and diluted share, compared to a net loss of $367,000, or $0.03 per basic and diluted share, for the comparable prior year period. The Company reported net income for the nine months ended September 30, 2025 of $1.4 million, or $0.11 per basic and dilu ...

Financial Performance - The company reported a comprehensive loss of $(0.77) per share [6] - The economic return on book value was (6.3)% [6] - Excluding litigation settlement expense, the economic return on book value was 7.6% [6] - A common stock dividend of $0.34 per share was declared [6, 13] Portfolio Composition - The investment portfolio totaled $13.5 billion [6] - The portfolio composition included Agency RMBS of $6.5 billion, MSR of $2.6 billion, and cash & cash equivalents of $0.8 billion [18] - The company's economic debt-to-equity ratio was 7.2x [6] MSR Portfolio - The fair value of the MSR portfolio was $2.627 billion [41] - The UPB (Unpaid Principal Balance) of the MSR portfolio was $177.216 billion [41] - The weighted average 3-month CPR (Conditional Prepayment Rate) for the MSR portfolio was 6.0% [41]

Financial Performance - Net income available to common shareholders was $548 million, or $061 per diluted share[5] - Adjusted net income available to common shareholders was $561 million, or $063 per diluted share[5] - Total revenue reached $1916 million, with adjusted total revenue at $1941 million[5] - Pre-Tax Pre-Provision Income was $813 million, with adjusted Pre-Tax Pre-Provision Income at $830 million[5] - The efficiency ratio was 572%, with an adjusted efficiency ratio of 569%[5] - Return on Average Tangible Common Equity was 1881%, with an adjusted Return on Average Tangible Common Equity of 1924%[5] Loans and Deposits - Average loans grew by approximately 1%, while ending loans declined by approximately 1%[12] - Average business loans increased by 1%, driven by C&I and real estate[12] - Average consumer loans remained relatively stable[12] - Average deposits by segment: Wealth Management $404 billion, Consumer Bank $797 billion, Corporate Bank $76 billion, Other $26 billion[14] - Average balances in the Corporate Banking Group increased by more than 1%[15] Net Interest Income (NII) and Margin - NII was $1269 million, and the Net Interest Margin (NIM) was 359%[17] - NII is expected to increase by 1-2% in Q4 2025 compared to Q3 2025, with NIM in the mid-360%s[22] - FY25 NII is now expected to grow between 3-4%[22] Non-Interest Income and Expense - Non-interest income was $684 million[30] - Capital Markets (Ex CVA) revenue increased 224%[31] - Adjusted non-interest income is expected to grow between 4-5% for FY25[33] - Non-interest expense was $1103 million, with an adjusted non-interest expense of $1111 million[35] - Adjusted non-interest expense is expected to be up approximately 2% for FY25[38]

Core Financial Performance - The company reported preliminary earnings of $1.56 per diluted common share for Q3 2025, an increase from $1.41 per diluted common share in Q3 2024, resulting in a net income of $17.8 million compared to $16.5 million in the previous year [1][5] - Annualized return on average common equity was 11.30% and return on average assets was 1.23% for Q3 2025, compared to 11.10% and 1.11% respectively for Q3 2024 [1] Net Interest Income - Net interest income increased by $2.8 million (5.8%) to $50.8 million in Q3 2025 from $48.0 million in Q3 2024, driven by lower interest expenses on deposits and borrowings [4][7] - The annualized net interest margin improved to 3.72% in Q3 2025 from 3.42% in Q3 2024 [4][6] Asset Quality - Non-performing assets decreased to $7.8 million (0.14% of total assets) at September 30, 2025, down from $9.6 million (0.16% of total assets) at December 31, 2024 [4][32] - The allowance for credit losses as a percentage of total loans was 1.43% at September 30, 2025, indicating adequate coverage for potential losses [31] Capital Position - The company's capital ratios remained strong, with a Tier 1 Leverage Ratio of 11.9% and a Common Equity Tier 1 Capital Ratio of 13.3% as of September 30, 2025 [16][18] - Total stockholders' equity increased to $632.9 million, representing 11.0% of total assets, with a book value of $56.18 per common share [18][21] Liquidity and Deposits - The company had secured borrowing lines of $1.11 billion at the Federal Home Loan Bank and $356.2 million at the Federal Reserve Bank as of September 30, 2025 [24][25] - Total deposits decreased by $156.1 million in Q3 2025, primarily due to a decline in brokered deposits [25][26] Loans - Total net loans decreased by $222.7 million (4.7%) from $4.69 billion at December 31, 2024, to $4.47 billion at September 30, 2025, mainly due to reductions in construction and residential loans [27][28] - The pipeline of unfunded loans remained strong, with significant amounts in construction loans [28] Non-Interest Income and Expense - Non-interest income increased slightly to $7.1 million in Q3 2025, supported by service fee income [13] - Non-interest expenses rose to $36.1 million, primarily due to higher legal and professional fees [14][17]

Core Insights - Orchid Island Capital, Inc. reported a net loss of $33.6 million for the second quarter of 2025, compared to a net loss of $5.0 million in the same period of 2024, indicating significant financial challenges [6][7][8] - The company experienced a turbulent market environment influenced by reciprocal tariffs and the passage of the One Big Beautiful Bill Act, which shifted market focus from trade to domestic issues [4][5] - Despite the overall market recovery, the Agency RMBS sector did not fully recover, leading to negative excess returns for the quarter [5][6] Financial Performance - The interest income on the portfolio increased by approximately $11.2 million from the first quarter of 2025 [6] - The yield on average Agency RMBS decreased slightly from 5.41% in Q1 2025 to 5.38% in Q2 2025 [6] - The company declared and paid dividends of $0.36 per common share during the second quarter [7] Balance Sheet and Capital Allocation - As of June 30, 2025, the book value per common share was $7.21, down from a decrease of $0.73 per share during the quarter [7][25] - The company maintained a strong liquidity position with $492.5 million in cash and cash equivalents, representing approximately 54% of stockholders' equity [7][13] - The total mortgage assets increased to $6.993 billion as of June 30, 2025, compared to $5.253 billion at the end of 2024 [10][47] Portfolio Characteristics - The company allocated approximately 98.1% of its investable capital to the PT RMBS portfolio as of June 30, 2025 [26] - The return on invested capital for the PT RMBS portfolio was approximately (4.1)%, while the structured RMBS portfolio generated a return of 3.5% [32][33] Market Conditions and Strategy - The company faced challenges in the Agency RMBS market, which continued to experience volatility and did not recover fully from the turmoil earlier in the quarter [5][6] - The management believes that the company is well-positioned to capture attractive returns in the current market environment [5]

Financial Performance - NextEra Energy's adjusted earnings per share increased by more than 9% year-over-year[6,38] - Adjusted earnings increased from $1.968 billion in Q2 2024 to $2.164 billion in Q2 2025[7] - Adjusted EPS increased from $0.96 in Q2 2024 to $1.05 in Q2 2025[7,8,9] - FPL's earnings per share increased by 2 cents from $0.60 in Q2 2024 to $0.62 in Q2 2025[15,16] - NextEra Energy Resources' adjusted EPS increased by 11 cents from $0.42 in Q2 2024 to $0.53 in Q2 2025[27,29] Florida Power & Light (FPL) - FPL's retail rate base grew by approximately 7.9%[18] - FPL's net income increased from $1.232 billion in Q2 2024 to $1.275 billion in Q2 2025[16] - FPL's customer growth increased by 1.6% in the second quarter[21] NextEra Energy Resources - NextEra Energy Resources added 3.2 GW of new renewable and storage projects to its backlog since the first quarter call[33,34] - The renewables and storage backlog stands at approximately 29.5 GW[35] - NextEra Energy Resources' net income increased from $865 million in Q2 2024 to $1.091 billion in Q2 2025[29] Financial Expectations - NextEra Energy expects a 6% to 8% annual adjusted EPS growth rate through 2027, off the 2024 adjusted EPS expectations range of $3.23-$3.43[41,44]

Core Financial Performance - For the quarter ended June 30, 2025, the Company reported earnings of $1.72 per diluted common share, translating to a net income of $19.8 million, an increase from $1.45 per diluted common share and $17.0 million net income in the same quarter of 2024 [1][6] - The annualized return on average common equity was 12.81%, and the annualized return on average assets was 1.34%, both showing improvement from 12.03% and 1.17% respectively in the prior year [2] Selected Financial Data - Net interest income for the second quarter of 2025 was $50.963 million, up from $46.818 million in the same quarter of 2024, marking an increase of approximately 8.9% [4][5] - Non-interest income decreased to $8.212 million from $9.833 million year-over-year [4][13] - Non-interest expense decreased to $35.005 million from $36.409 million in the prior year [4][13] Asset Quality - Non-performing assets totaled $8.1 million at June 30, 2025, a decrease from $9.6 million at December 31, 2024, representing 0.14% of total assets [5][32] - The allowance for credit losses was 1.41% of total loans, reflecting an increase from 1.36% at the end of the previous quarter [31] Capital and Liquidity - The Company's capital ratios remained strong, with a Tier 1 Leverage Ratio of 11.5% and a Common Equity Tier 1 Capital Ratio of 13.0% as of June 30, 2025 [16] - Total stockholders' equity increased to $622.4 million, representing 10.6% of total assets, with a book value of $54.61 per common share [16] - The Company had secured borrowing line availability of $1.22 billion at the FHLBank and $338.9 million at the Federal Reserve Bank [25] Loan Portfolio - Total net loans decreased by $156.1 million, or 3.3%, from $4.69 billion at December 31, 2024, to $4.53 billion at June 30, 2025 [27] - The largest decrease was in construction loans, which fell by $79.1 million [27] Stock Repurchase and Dividends - The Company repurchased nearly 176,000 shares of common stock at an average price of $55.11 during the second quarter of 2025 [22] - A regular quarterly cash dividend of $0.40 per common share was declared, reducing stockholders' equity by $14.4 million [22]

Company Overview - As of March 31, 2025, WaFd Bank has total assets of $27.6 billion, total loans held for investment (HFI) of $20.9 billion, total deposits of $21.4 billion, and stockholder equity of $3.0 billion[7] - The bank's efficiency ratio is 58.3%, and the adjusted efficiency ratio is 58.4%[7] - WaFd Bank has 209 branches across 9 western states[7] Market Demographics - WaFd Bank's deposit market share in Washington is 3.97% with deposits of $8,723,693,000[12] - In California, the deposit market share is 0.27% with deposits of $4,073,942,000[12] - The total deposits across all states amount to $21,427,426,000[12] Loan Portfolio - As of March 31, 2025, multifamily loans constitute 23% of the net loan portfolio, with a net balance of $4,840,784,000 and a weighted average current loan-to-value (LTV) of 56%[52] - Single-family residence (SFR) loans make up 39% of the net loan portfolio, with a net balance of $8,223,356,000 and a weighted average current LTV of 38%[52] - Commercial Real Estate (CRE) - Office loans represent 4% of the net loan portfolio, with a net balance of $775,564,000 and a weighted average current LTV of 69%[52] Financial Performance - For the quarter ended March 31, 2025, net income available to common shareholders was $52,596,000, a 330% increase compared to $12,232,000 for the quarter ended March 31, 2024[76] - Net interest income for the quarter ended March 31, 2025, was $160,910,000, a 1% increase compared to $158,597,000 for the quarter ended March 31, 2024[75] - Non-interest income for the quarter ended March 31, 2025, was $18,881,000, a 41% increase compared to $13,392,000 for the quarter ended March 31, 2024[76] Capital Management - In 2025 YTD, $67,293,000 was returned to shareholders through dividends, representing 70% of net income[106] - 815,610 shares were repurchased in 2025 YTD at a weighted price of $30.35, representing 1.3% of outstanding shares at the beginning of the year[108] - The current cash dividend of $0.27 provides a yield of 3.79% based on the current stock price as of April 30[112]

Financial Data and Key Metrics Changes - The company reported GAAP net income of $3.3 million, or $0.11 per unit, for Q1 2025, significantly impacted by $3.9 million of non-cash unrealized losses on interest rate derivatives [11] - Cash available for distribution (CAD) was reported at $7.1 million, or $0.31 per unit [11] - The book value per unit decreased to $12.59, down $0.56 from December 31 [12] Business Line Data and Key Metrics Changes - The investment portfolio had no forbearance requests for multifamily mortgage revenue bonds, with all borrowers current on payments as of March 31, 2025 [7] - Physical occupancy for the stabilized mortgage revenue bond portfolio was at 89.5% [7] - The Vantage joint venture equity investments included five properties, with four completed and one under evaluation [8] Market Data and Key Metrics Changes - The U.S. Municipal bond market faced challenges, with investment-grade tax-exempt bonds being the worst-performing fixed income asset class in Q1 2025 [24] - The ten-year MMD was at 3.33% and the thirty-year MMD at 4.4% as of May 6, 2025, reflecting an increase from previous months [25] - The market ended Q1 2025 with the muni high-grade index generating a total return of negative 0.2% [28] Company Strategy and Development Direction - The company is focusing on new construction lending joint ventures, particularly with BlackRock, to fill the void left by commercial banks in affordable housing construction lending [29] - The company aims to deploy approximately $450 million of lending capacity within the next 12 to 18 months [40] Management's Comments on Operating Environment and Future Outlook - Management noted that uncertainty in the municipal bond market continues, influenced by tariffs and potential changes in federal funding programs [26][27] - The company has not observed significant impacts on its investments from recent legislative and regulatory changes [27] Other Important Information - The company reported unrestricted cash and cash equivalents of $51.4 million as of March 31, significantly up from $14.7 million at the end of the previous year [14] - The company successfully issued $20 million of Series B preferred units in March 2025 [22] Q&A Session Summary Question: Will proposed shifts from federal to state/local governments affect muni credit ratings and valuations? - Management indicated it is still early in the process and that discussions are ongoing regarding potential changes in funding allocations [33][35] Question: Have tariffs changed the outlook for the BlackRock JV? - Management stated that there have not been significant changes in pro formas from sponsors due to tariffs as of now [38][39] Question: Will gains on JV sales be more muted going forward? - Management noted that specific increases in insurance costs impacted the sale of the Tomball asset, but the Halodis asset did not experience the same issue [41][42] Question: How is the partner Vantage holding up given lower profitability? - Management emphasized that Vantage's business model includes developer fees, not solely reliant on capital gains, ensuring alignment of interests [46][47] Question: Can you provide a real-time update on gross ROEs in the MRB and GIL business? - Management indicated that the hedging program has stabilized floating rate funding costs, leading to consistent ROE expectations [50][52]