Agenda 09:00-09:30 30 minutes FY25 Results Presentation 09:30-10:15 45 minutes Progress and Targets Update 10:15-10:30 15 minutes Break 10:30-11:45 75 minutes Q&A Presenters: C.S. Venkatakrishnan and Anna Cross FY 2025 Results Presentation 10th February 2026 Barclays FY25 Results We achieved all 2025 financial guidance 4 February 2026 | Targets | Q425 actuals | FY25 actuals | 2025 guidance | | --- | --- | --- | --- | | Statutory RoTE | 8.5% | 11.3% | >11% (Feb 25 guidance: c.11%) | | Total payout | £1.8bn D ...

Brokerages remain divided on the extent of net profit moderation. While Emkay Research remains most optimistic among its peers, pegging the decline at 4%, Nuvama Institutional Equities, YES Securities and Elara Capital see a double-digit decline. The bottom line range is 17,190 crore to Rs 19,430 crore, the estimates revealed.The lender is expected to see a sequential growth of 2.7%-4% in Q3 at Rs 44,162 crore to Rs 44,599 crore. India's largest lender will announce its October-December quarter earnings on ...

On business lines, Stewart said all four operating divisions improved cost-income ratios and profitability versus 2021, resulting in double-digit returns in 2025.Stewart said the combination of revenue growth and lower costs drove “significant operating leverage,” including 17% operating leverage in 2025 and a pre-provision profit of €11.4 billion , which he said was up threefold since 2021.Stewart said Deutsche Bank achieved its revenue ambition of around €32 billion in 2025, representing 7% year-over-year ...

Popular (NasdaqGS:BPOP) Q4 2025 Earnings call January 27, 2026 10:00 AM ET Company ParticipantsBen Gerlinger - Director of Equity ResearchBrandon Berman - VP of Equity ResearchBrett Rabatin - Director of ResearchGerard Cassidy - Managing Director and Head of U.S. Bank Equity StrategyJavier Ferrer - President and CEOJorge García - EVP and CFOKelly Motta - Director of Equity ResearchLidio Soriano - EVP and CROPaul Cardillo - SVP and Investor Relations OfficerTimur Braziler - Director of Mid-Cap Bank Equity Re ...

Financial Data and Key Metrics Changes - The company reported an annual net income of $833 million, an increase of $219 million or 36% compared to 2024 [5] - The Common Equity Tier 1 (CET1) ratio ended the year at 15.7%, with tangible book value per share increasing by 21% year-over-year to $82.65 [6] - Quarterly net income was $234 million, with earnings per share (EPS) of $3.53, reflecting an increase of $23 million and $0.38 per share respectively [8][13] - Net interest income (NII) for the quarter was $658 million, up $11 million, and for the year, NII increased by $259 million or 11% [15][16] Business Line Data and Key Metrics Changes - Loan growth for the year reached $2.2 billion, a 6% increase, with commercial loans leading the growth [5] - In the fourth quarter, loan growth was strong at $641 million, with $497 million from BBPR and $144 million from Popular Bank [16] - Non-interest income was $166 million, a decrease of $5 million compared to Q3, but aligned with guidance [19] Market Data and Key Metrics Changes - The unemployment rate in Puerto Rico remained stable at 5.7%, with consumer spending healthy and credit/debit card sales increasing by approximately 5% [9] - Airport passenger traffic reached a record of 13.6 million in 2025, a 3% increase from 2024, indicating strong tourism activity [10] Company Strategy and Development Direction - The company aims to be the number one bank for customers by enhancing relationships and providing exceptional service [10] - Focus on delivering solutions faster and improving productivity while reducing costs is a key strategic initiative [10] - The company is executing a series of sustainable efficiency initiatives, including exiting the U.S. mortgage business and optimizing its mortgage servicing business in Puerto Rico [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the stability of the Puerto Rican economy and the potential for continued loan growth driven by commercial lending [9][27] - The company anticipates a consolidated loan growth of 3%-4% for 2026, with a focus on maintaining a sustainable return on capital (ROC) above 14% [15][16] - Concerns about affordability and the PREPA situation were highlighted as potential risks to the economic outlook [89][90] Other Important Information - The company repurchased approximately $500 million in common stock during 2025, with a total of $720 million repurchased since resuming buybacks [6][21] - The effective tax rate for 2025 was 17%, down from 23% the previous year, with expectations for 2026 to be in the range of 15%-17% [20] Q&A Session Summary Question: Guidance on NII and ROC - Management indicated that NII growth is expected to slow slightly in 2026, with a target of 5%-7% growth and continued margin expansion [33][34] Question: Loan Growth Expectations - Loan growth is expected to moderate in 2026, particularly in consumer lending, while commercial lending remains strong [36][37] Question: Fee Growth Outlook - Management noted that unusual items in 2025 would impact fee growth guidance for the upcoming year [46] Question: M&A Opportunities - The company remains open to evaluating M&A opportunities that align with its strategic goals, focusing on enhancing shareholder value [47][49] Question: Deposit Competition - Management acknowledged competition in the deposit market but emphasized a steady pricing environment [78] Question: Economic Risks - Concerns about affordability and the PREPA situation were highlighted as key risks to monitor [89][90]

Popular (NasdaqGS:BPOP) Q4 2025 Earnings call January 27, 2026 10:00 AM ET Speaker3I'd like to hand over to Paul Cardillo. Please go ahead.Speaker4Good morning, and thank you for joining us. With me on the call today is our President and CEO, Javier Ferrer, our CFO, Jorge García, and our CRO, Lidio Soriano. They will review our results for the full year and fourth quarter and then answer your questions. Other members of our management team will also be available during the Q&A session. Before we begin, I wo ...

Core Viewpoint - U.S. Bancorp (USB) is expected to report year-over-year increases in quarterly revenues and earnings for Q4 2025, with results scheduled for January 20, 2026 [1][9] Financial Performance Expectations - The Zacks Consensus Estimate for net interest income (NII) is $4.29 billion, reflecting a 1.8% increase from the previous quarter [4] - The consensus estimate for total revenues is pegged at $7.33 billion, indicating a rise of 4.9% from the year-ago figure [14] - The consensus estimate for earnings per share is $1.19, representing an 11.2% increase from the prior year [14] Factors Influencing Performance - NII growth is expected to be supported by lower interest rates, stabilizing funding costs, and resilient loan demand [3][9] - Lending activity remained strong, particularly in commercial and industrial loans, despite uncertainties in tariff policies [4] - Non-interest income is projected to decline sequentially, with total non-interest income estimated at $3.04 billion, a decrease of 1.3% [10] Market Conditions - Elevated market volatility and client activity during the fourth quarter are anticipated to have positively impacted capital markets revenue [6] - Mortgage banking revenues are expected to decline to $166.9 million, a 7.3% decrease from the prior quarter, due to subdued refinancing activity [8][7] Expense Management - Total non-interest expenses are projected to rise by approximately 1%–1.5% compared to the previous quarter, driven by higher compensation and technology investments [10][11] Asset Quality - The Zacks Consensus Estimate for non-performing loans is $1.63 billion, indicating a 1.4% increase from the prior quarter [12] - The company is likely to have set aside funds for potential bad loans in light of expected rate cuts and improving economic conditions [11] Earnings Surprise History - U.S. Bancorp has a strong earnings surprise history, with an average surprise of 4.7% over the last four quarters [2]

Core Viewpoint - Truist Financial (TFC) is expected to report strong fourth-quarter and full-year 2025 results, driven by solid lending demand and net interest income (NII) growth despite recent Federal Reserve interest rate cuts [1][3][10]. Lending and Income Estimates - Demand for commercial and industrial (C&I) loans, which make up nearly 50% of TFC's total loans, was decent in the quarter, alongside solid consumer loan demand, which accounts for almost 40% [2]. - The Zacks Consensus Estimate for TFC's average earning assets is $490.4 billion, reflecting a 3.7% increase from the prior year [2]. - NII is projected to rise by 3.2% to $3.71 billion, supported by robust loan demand and lower deposit costs [3][10]. Non-Interest Income - The Zacks Consensus Estimate for non-interest income is $1.57 billion, indicating a 6.5% rise year-over-year, with significant contributions from various fee income segments [8][10]. - Service charges on deposits are estimated at $240.9 million, a 1.7% increase, while card and payment-related fees are expected to reach $231.1 million, showing marginal growth [5]. - Investment banking and trading income is projected to be $323.8 million, reflecting a year-over-year increase of 23.6% [7]. Mortgage Banking and Expenses - Mortgage banking income is expected to rise to $117.4 million, slightly up from the previous year, due to declining mortgage rates and decent refinancing activity [6]. - Non-interest expenses are anticipated to continue rising due to technology investments and inflationary pressures, with management expecting adjusted expenses to remain stable sequentially [9]. Asset Quality and Earnings Outlook - The consensus estimate for total non-accrual loans and leases is $1.87 billion, indicating a 30.6% year-over-year increase, while total non-performing assets are also expected to rise by 26.6% to $1.87 billion [11]. - The Zacks Consensus Estimate for TFC's earnings is $1.09 per share, reflecting a growth of 19.8% from the previous year, with sales projected at $5.27 billion, a 4.1% increase [14][15]. 2025 Outlook - Management anticipates revenue growth of 1.5-2.5% from adjusted revenues of $20.1 billion in 2024, with adjusted expenses expected to increase by about 1% [16].

Core Insights - Citigroup Inc. reported a fourth-quarter 2025 adjusted net income per share of $1.81, reflecting a 35.1% increase year-over-year and exceeding the Zacks Consensus Estimate by 9.7% [1][9] Financial Performance - The increase in adjusted net income was driven by higher net interest income (NII) and lower provisions, alongside a 38% rise in investment banking revenues [2][9] - Citigroup's total revenues for Q4 2025 were $19.9 billion, a 2.1% increase year-over-year, but fell short of the Zacks Consensus Estimate by 4.9% [5] - Full-year revenues reached $85.2 billion, up 5.6% year-over-year, but also missed the consensus estimate of $86.4 billion [5] - NII rose 14.1% year-over-year to $15.7 billion, while non-interest revenues declined 26.6% to $4.2 billion [5] Expenses and Provisions - Operating expenses increased by 5.9% year-over-year to $13.8 billion, primarily due to higher compensation, legal expenses, and technology costs [6] - Provisions for credit losses were $2.5 billion, down 14.4% from the previous year [12] Segment Performance - The Services segment reported revenues of $5.9 billion, up 14.8% year-over-year, driven by growth in Treasury and Trade Solutions [7] - Banking revenues surged 78.1% year-over-year to $2.2 billion, mainly due to growth in investment banking and corporate lending [8] - Wealth segment revenues increased by 6.5% year-over-year to $2.1 billion, while the All Other segment recorded a loss of $248 million [10] Balance Sheet and Capital Position - Citigroup's deposits rose 1.4% quarter-over-quarter to $1.4 trillion, and loans increased by 2.4% to $752 billion [11] - The Common Equity Tier 1 capital ratio decreased to 13.2% from 13.6% year-over-year, indicating a weaker capital position [13] Shareholder Returns - The company returned $5.6 billion to shareholders through dividends and share repurchases in the reported quarter [14] Future Outlook - Management anticipates a 5-6% increase in NII (excluding Markets) for 2026 and targets a return on tangible common equity (RoTCE) of 10-11% [15]

Financial Data and Key Metrics Changes - The company reported an adjusted EPS of $1.81 and an adjusted ROTCE of 7.7% for Q4 2025, with full-year adjusted net income surpassing $16 billion, reflecting an 180 basis points improvement to 8.8% ROTCE after adjustments for Banamex and Russia [3][18] - Total revenues increased by 2%, with adjusted revenues up 8%, driven by growth in banking, services, USPB, and wealth [17][18] - Expenses rose by 6% to $13.8 billion, influenced by higher compensation, tax charges, and technology expenses [17][20] Business Line Data and Key Metrics Changes - Services revenues increased by 15%, with net income of $2.2 billion and an ROTCE of 36.1% for Q4 [25] - Markets revenues were down 1%, with fixed income and equities both experiencing slight declines, but average loans increased by 25% [27] - Banking revenues surged by 78%, with M&A fees up 84%, marking a record year for investment banking [28][29] - Wealth management revenues grew by 7%, with net new investment asset flows of $7.2 billion in Q4 [30][31] Market Data and Key Metrics Changes - Cross-border transaction value increased by 14%, and assets under custody and administration grew by 24% [25] - The company maintained a diversified deposit base of $1.4 trillion, with a 1% increase driven by growth in services [24] Company Strategy and Development Direction - The company is focused on a multi-year transformation strategy, with over 80% of its programs nearing target state [10][12] - Investments in technology and operational efficiency are prioritized to enhance client experience and reduce expenses [11][39] - The company aims to achieve a ROTCE target of 10%-11% and maintain positive operating leverage [13][36] Management's Comments on Operating Environment and Future Outlook - The global economy is showing signs of optimism, with inflation normalizing and capital investment remaining strong, particularly in technology [11][12] - The company is well-positioned to support corporate clients, who are predominantly investment-grade in credit quality [12] - Management expressed confidence in the ongoing transformation and the ability to deliver higher returns in the future [39] Other Important Information - The company repurchased over $13 billion in common shares during the year, with a total capital return of over $17.5 billion [9][24] - The company is nearing the end of its international divestitures, including the sale of its consumer business in Poland and operations in Russia [9][10] Q&A Session Summary Question: Insights on market performance and ROTCE - Management noted strong top-line revenue growth for markets, with a focus on optimizing RWA and deploying it in high-return areas [41][42][43] Question: Clarification on efficiency ratio targets - Management confirmed the shift in efficiency ratio targets to around 60%, emphasizing the need for continued investment in the business [45] Question: Update on transformation progress - Management highlighted that over 80% of transformation efforts are nearing completion, with a focus on compliance, risk, controls, and data modernization [46][48] Question: Addressing competitive gaps in investment banking - Management acknowledged past gaps but emphasized ongoing investments in technology and talent to enhance competitive positioning [52][54] Question: Outlook for net interest income (NII) - Management expects NII growth of 5%-6% in 2026, driven by loan and deposit volume growth [60][61]