Investor Update Fourth Quarter Fiscal Year 2016 April 2016 Forward Looking Statements Meta Financial Group, Inc.® (the "Company") and its wholly-owned subsidiary, MetaBank® (the "Bank"), may from time to time make written or oral "forward-looking statements," including statements contained in this Investor Update, the Company's filings with the Securities and Exchange Commission ("SEC"), the Company's reports to stockholders, and in other communications by the Company and the Bank, which are made in good fa ...

Investor Update Fourth Quarter and Fiscal Year End 2017 Fourth Quarter & Fiscal Year End 2017 | NASDAQ: CASH Forward Looking Statements Meta Financial Group, Inc.® (the "Company") and its wholly-owned subsidiary, MetaBank® (the "Bank"), may from time to time make written or oral "forward-looking statements," including statements contained in this investor update, the Company's filings with the Securities and Exchange Commission ("SEC"), the Company's reports to stockholders, and in other communications by t ...

Greystone Housing Impact Investors LP (GHI) Q1 2025 Earnings Call May 07, 2025 04:30 PM ET Speaker0 and welcome to First Quarter twenty twenty five Earnings Call for Greystone Housing Impact Investors. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Jesse Corey. Thank you. You may begin. Speaker1 Thank you. We'd like to welc ...

Navios Maritime Partners (NMM) Q1 2025 Earnings Call May 07, 2025 08:30 AM ET Company Participants Angeliki Frangou - Chairwoman, CEO & DirectorEfstratios Desypris - COOErifili Tsironi - CFOVincent Vandewalle - Chief Trading officerOmar Nokta - Managing Director Operator Thank you for joining us for Navios Maritime Partners First Quarter twenty twenty five Earnings Conference Call. With us today from the company are Chairwoman and CEO, Ms. Angeliki Frangou Chief Operating Officer, Mr. Stratos Desypris Chief ...

Navios Maritime Partners (NMM) Q1 2025 Earnings Call May 07, 2025 08:30 AM ET Speaker0 Thank you for joining us for Navios Maritime Partners First Quarter twenty twenty five Earnings Conference Call. With us today from the company are Chairwoman and CEO, Ms. Angeliki Frangou Chief Operating Officer, Mr. Stratos Desypris Chief Financial Officer, Ms. Zerifili Tironi Chief Trading Officer, Mr. Vincent van der Valle. As a reminder, this conference call is being webcast. To access the webcast, please go to the I ...

Financial Data and Key Metrics Changes - The company reported a net income of $6.9 million or $0.08 per share, returning to profitability after a net loss of $14.1 million in the previous quarter [4] - Net interest margin expanded by nine basis points to 1.67%, with a significant reduction in provision expense and a $5 million decrease in non-interest expense compared to the fourth quarter [5][10] - Pre-provision net revenue increased to $9.7 million or $0.11 per share, compared to a loss of $2.3 million in the previous quarter [12] Business Line Data and Key Metrics Changes - The company funded $180 million in new loan balances at an average yield of 7.09%, with approximately 78% being commercial and industrial (C and I) loans [5] - Loans held for investment decreased primarily due to $354 million in payoffs, while loans held for sale remained unchanged at $1.3 billion [5] - Total non-interest income was $19.6 million, including a $4.7 million gain on the sale of securities [15] Market Data and Key Metrics Changes - Assets under management decreased to $5.1 billion from $5.4 billion at the end of the previous year, while trust assets under advisement increased to $1.2 billion from $1.1 billion [9] - Overall deposits declined to $9.6 billion, primarily due to a $400 million decrease in high-cost brokered deposits [9] Company Strategy and Development Direction - The company is focused on reducing its commercial real estate concentration and selectively exiting lower-yielding multifamily loans [5] - A strategic plan is in place to remix the loan portfolio, improve interest rate risk management, and grow non-interest income through various channels [8] - The company aims to improve sustainable profitability over the intermediate term, with expectations for net interest margin to reach between 1.8% and 2.2% by the end of 2026 [20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the financial future, highlighting strong capitalization, ample liquidity, and a focus on unlocking embedded value in the franchise [21] - The company anticipates a modest reduction in total assets as it works to reduce loans held for sale to zero and improve its deposit mix [20] - Management noted that while there is some hesitancy in capital expenditures among clients, there are also opportunities for growth in certain markets [27] Other Important Information - The company remains well-capitalized with a common equity Tier one ratio of 10.6% and a Tier one leverage ratio of 8.1% [19] - The tangible book value per share increased to $9.42 from $9.36 in the prior quarter [19] Q&A Session Summary Question: How have utilization rates trended thus far in 2025? - Management noted some hesitancy among clients regarding capital expenditures, but some clients have accelerated inventory purchases due to trade uncertainties [27] Question: Did you invest in any particular markets in 1Q? - The company added personnel in the Florida market and remains optimistic about that area, while most production is expected to come from California [29] Question: Is the decline in AUM due to fluctuations in customer account balances? - Management acknowledged some terminations and turnover but remains optimistic about the pipeline going forward [31] Question: What rate environment does the NIM outlook assume? - The company is assuming two rate cuts in 2025 and a total of six cuts through the end of 2027, remaining conservative in its outlook [36] Question: Any expense impact from internal control remediation? - Management indicated there will be some professional service expenses as they bring in expertise to accelerate the transition [43] Question: How do you expect overall loan balances to trend going forward? - The company expects modest growth in loan balances over time, focusing on reducing CRE concentration and increasing higher-yielding loans [70]