Core Viewpoint - US Metro Bancorp reported a decrease in net income for the fourth quarter of 2025 compared to the previous quarter, but showed significant year-over-year growth in annual earnings and key financial metrics [1] Financial Performance - Consolidated net income for Q4 2025 was $2.2 million, down from $2.9 million in Q3 2025 [1] - For the twelve months ending December 31, 2025, consolidated net income was $10.2 million, an increase from $7.1 million in 2024, representing a year-over-year growth of 43.36% [1] - Earnings per share (EPS) for Q4 2025 was $0.14, down from $0.18 in Q3 2025, but up from $0.43 in Q4 2024 [1] - The annualized return on average assets (ROAA) was 0.68% and return on average equity (ROAE) was 9.49% for the year [1] Asset and Deposit Growth - Total assets as of December 31, 2025, were $1.551 billion, an 11.1% increase from $1.397 billion a year earlier [1] - Year-over-year loan growth was $101.5 million, or 8.6% [1] - Total deposits at the end of Q4 2025 were $1.353 billion, reflecting a $124.2 million increase or 10.1% from $1.229 billion on December 31, 2024 [1] Non-Performing Assets and Credit Losses - Non-performing assets as a percentage of total assets increased to 1.56% as of December 31, 2025, compared to 0.66% a year earlier [1] - The allowance for credit losses (ACL) to gross loans was 1.24% as of December 31, 2025, slightly up from 1.20% in 2024 [1] - A provision for loan loss expense of $3.9 million was recorded for the twelve months ending December 31, 2025, compared to $1.6 million in 2024 [1] Management Commentary - The CEO expressed optimism about the bank's growth in loans and deposits, highlighting improved profitability and performance metrics in 2025 [1]

Enterprise Financial Services (NasdaqGS:EFSC) Q4 2025 Earnings call January 27, 2026 11:00 AM ET Company ParticipantsBrian Martin - Director of Banks and ThriftsDamon DelMonte - Managing Director in Equity ResearchDavid Long - Managing Director in Equity ResearchDoug Bauche - Chief Banking OfficerJim Lally - President and CEOKeene Turner - CFO and COONathan Race - Managing DirectorConference Call ParticipantsJeff Rulis - Managing Director and Senior Research AnalystOperatorHello, and thank you for standing ...

Core Insights - Texas Capital Bancshares, Inc. (TCBI) reported strong fourth-quarter 2025 adjusted earnings per share (EPS) of $2.08, exceeding the Zacks Consensus Estimate of $1.78 and up from $1.43 in the same quarter last year [1][2][8] - The company's performance was driven by increased net interest income (NII) and non-interest income, although it faced challenges from higher expenses and declining loan balances [1][5][11] Financial Performance - Adjusted EPS for the full year 2025 was $6.80, surpassing the Zacks Consensus Estimate of $6.50 and significantly higher than $4.43 in 2024 [2] - Net income available to common shareholders (GAAP basis) for Q4 2025 was $96.3 million, a 44% increase from $66.7 million in Q4 2024 [2] - Total quarterly revenues rose 15.4% year over year to $327.5 million, exceeding the Zacks Consensus Estimate by 1.4% [3] - For the full year 2025, revenues increased 34.6% year over year to $1.26 billion, also surpassing the Zacks Consensus Estimate of $1.25 billion [3] Income Sources - NII reached $267.4 million, a 16.5% increase year over year, driven by growth in average earning assets and lower funding costs [4] - Net interest margin (NIM) expanded by 45 basis points year over year to 3.38% [4] - Non-interest income grew 11.0% year over year to $60.0 million, primarily due to higher service charges and increased investment banking and advisory fees [4] Expense Management - Non-interest expenses rose 7.0% year over year to $184.2 million, mainly due to higher salaries, benefits, and technology expenses [5] - The increase in expenses was partially offset by lower legal and professional expenses [5] Loan and Deposit Trends - As of December 31, 2025, loans held for investment totaled $17.9 billion, down from $18.1 billion as of September 30, 2025 [6] - Total deposits decreased to $26.4 billion from $27.5 billion in the prior quarter [6] Credit Quality - Net charge-offs were $10.7 million in Q4 2025, down from $12.1 million in the same quarter last year [7] - Provision for credit losses was $11.0 million, a decline from $18.0 million in Q4 2024 [7] - Total non-performing assets increased to $121.2 million from $111.2 million year over year, with a non-accrual loans ratio of 0.49% compared to 0.50% in Q4 2024 [7] Capital Position - As of December 31, 2025, the common equity tier 1 (CET1) ratio was 12.1%, up from 11.4% in the previous year [9] - The total capital ratio stood at 16.1%, and the leverage ratio was 11.7%, compared to 11.3% as of December 31, 2024 [9] - Tangible common equity to total tangible assets improved to 10.6% from 10.0% year over year [9] Share Repurchase Activity - During Q4 2025, the company repurchased 1.45 million shares for a total of $126.6 million [10] - A new share repurchase program of up to $200 million was authorized by TCBI's board, effective through December 31, 2026 [10]

Core Insights - Northrim BanCorp reported a net income of $12.4 million, or $0.55 per diluted share, in Q4 2025, a decrease from $27.1 million in Q3 2025, but an increase from $10.9 million in Q4 2024, primarily due to a prior quarter gain from asset sales and increased operating expenses [1][2][4] Financial Performance - For the full year 2025, net income increased by 75% to $64.6 million, or $2.87 per diluted share, compared to $37.0 million, or $1.66 per diluted share, in 2024, driven by increased net interest income and asset sales [2] - Q4 2025 net interest income reached a record $35.4 million, slightly up from $35.3 million in Q3 2025 and up 15% from $30.8 million in Q4 2024 [6][22] - The net interest margin on a tax-equivalent basis (NIMTE) was 4.75% in Q4 2025, a decrease from 4.88% in Q3 2025 but an increase from 4.47% in Q4 2024 [6][23] Operating Segments - The Community Banking segment generated net interest income of $32.2 million in Q4 2025, compared to $32.3 million in Q3 2025 and $27.6 million in Q4 2024 [31] - The Specialty Finance segment's pre-tax income was $2.0 million in Q4 2025, compared to $2.1 million in Q3 2025, reflecting the acquisition of Sallyport [50] Operating Expenses - Total operating expenses in Q4 2025 were $33.4 million, up from $30.3 million in Q3 2025 and $29.4 million in Q4 2024, primarily due to increased salaries and marketing expenses [28] - The provision for credit losses in Q4 2025 was $1.6 million, slightly down from $1.7 million in Q3 2025, attributed to increases in loan balances [24][25] Mortgage Lending - Mortgage loans funded for sale in Q4 2025 decreased to $199.6 million, with 80% for home purchases, compared to $218.2 million in Q3 2025 [36] - The provision for credit losses in the Home Mortgage Lending segment was $688,000 in Q4 2025, up from $158,000 in Q3 2025 [41] Market Position - Northrim's deposit market share in Alaska increased to 17.53% as of June 30, 2025, up from 15.66% a year earlier [29] - The average sales price of single-family homes in Anchorage rose 4.4% in 2025, indicating a stable housing market [16]

Financial Data and Key Metrics Changes - Bankwell reported GAAP net income of $10.1 million, or $1.27 per share, up from $9.1 million, or $1.15 per share in the previous quarter [3] - Pre-provision net revenue return on assets was 1.7%, an increase of 27 basis points from the prior quarter [3] - Net interest income reached $26 million, while non-interest income increased to $2.5 million, driven by $1.4 million in SBA sales gains [7] - Net interest margin expanded to 3.34%, up 24 basis points over the prior quarter [7] - Efficiency ratio improved to 51.4%, down from 56.1% in the previous quarter [6][10] Business Line Data and Key Metrics Changes - The SBA division saw gains on sale rise to $1.4 million for the quarter, with total SBA originations of $22 million [5] - Year-to-date non-interest income, including SBA gains on sale, totaled $6 million [5] - Loan originations remained strong, with $220 million funded in the third quarter, bringing year-to-date fundings to just over $500 million [4] Market Data and Key Metrics Changes - Non-performing assets as a percentage of total assets fell to 56 basis points compared to 78 basis points last quarter [5][11] - Special mention loan balances decreased by $30 million [6] - Total assets reached $3.2 billion, slightly up from the previous quarter [11] Company Strategy and Development Direction - The company aims to diversify income streams and improve the deposit base while attracting talented banking professionals [16] - Bankwell is focusing on closing out pandemic-era credits with no further losses, with non-performing assets significantly reduced from 207 basis points a year ago [16] - The company is strategically increasing the proportion of variable rate loans from just over 20% to 35% [9] Management's Comments on Operating Environment and Future Outlook - Management expressed a positive outlook on credit for the upcoming quarters, with continued improvement in credit trends [4] - The government shutdown may temporarily impact SBA results, but the company remains a preferred lender and can continue to underwrite SBA credits [34] - The company anticipates flat loan growth for the year due to elevated payoffs, while affirming non-interest income guidance of $7 million-$8 million [15] Other Important Information - The allowance for credit losses remains at 110 basis points of total loans, with coverage of non-performing loans increasing to 177% [11] - The company expects $1.25 billion in time deposits to reprice favorably over the next 12 months by approximately 27 basis points, with an annualized incremental benefit of about $3.4 million [9] Q&A Session Summary Question: What is the current loan pricing and outlook for payoffs? - Management indicated that year-to-date originations have a weighted average rate of 7.86% and that strong loan demand continues, although timing and velocity of payoffs are affecting net loan growth [20][21] Question: How is the core deposit initiative developing? - Management reported that newly hired teams are starting to produce and add deposits, with full production expected by 2026 [26] Question: What is the impact of the government shutdown on SBA contributions? - Management noted that the duration of the shutdown will determine its impact, but they are currently able to underwrite SBA credits despite a temporary freeze on guarantees [34]

Financial Performance - The company reported net income of $1.2 million for Q2 2025, a decrease of 42.5% from $2.2 million in Q1 2025 and a decrease of 50.9% from $2.5 million in Q2 2024 [1][11] - Diluted earnings per share were $0.24 for Q2 2025, down from $0.42 in Q1 2025 and $0.50 in Q2 2024 [1] - Adjusted operating earnings for Q2 2025 were $2.2 million, or $0.43 per diluted share, compared to $2.5 million, or $0.50 per share, for Q2 2024 [1] Balance Sheet and Asset Quality - Total assets decreased by $48.0 million, or 3.31%, to $1.4 billion as of June 30, 2025, from December 31, 2024 [6][11] - Net loans held for investment decreased by $4.4 million, or 0.4%, to $994.3 million [6][11] - Total deposits decreased by $46.2 million, or 3.7%, to $1.2 billion [7][11] - Non-performing assets totaled $3.3 million, a decrease of 19.7% from $4.1 million in Q1 2025 [9][11] Capital Management - The company's total stockholders' equity increased by $4.2 million, or 3.7%, to $118.1 million as of June 30, 2025 [8][19] - The company declared a dividend of $0.14 per share for Q2 2025, maintaining a payout ratio of 58.3% of earnings per share [18] Net Interest Income and Margin - Net interest income for Q2 2025 was $12.2 million, an increase of 1.4% from Q1 2025 and 0.5% from Q2 2024 [13][11] - Net interest margin (NIM) was 3.70% for Q2 2025, up from 3.63% in Q1 2025 and 3.62% in Q2 2024 [14][11] Merger Agreement - The company entered into a merger agreement with TowneBank, which has been approved by shareholders and is pending regulatory approvals [2][3] - The merger is expected to provide a stronger platform for growth and enhanced value for shareholders, customers, and employees [4]