Financial Data and Key Metrics Changes - Gross loans increased by $230 million, or 5.5% compared to the third quarter, reaching $4.39 billion, marking a 10.8% rise year-over-year [5] - Total assets ended the year at $5.34 billion, reflecting a 5.5% increase over the third quarter and an 8.1% rise compared to the previous year-end [6] - Total deposits grew by over $254 million in the fourth quarter, reaching $4.6 billion, a 5.8% increase from the third quarter and a 7.3% rise year-over-year [6] - Net income for the fourth quarter was $17.9 million, leading to a record total annual net income of $66.3 million, reflecting a 39% increase year-over-year [8] - Return on equity was 14%, marking a 24% increase from last year [8] - Earnings per share reached $1.02 for the quarter and totaled $3.79 for the year, representing a 36% increase from the prior year [8] Business Line Data and Key Metrics Changes - Service charges and fees increased by approximately 24% over the third quarter and an impressive 55% year-over-year [6] - Loan interest income and fees grew by about 7% compared to the previous year [6] - Non-accrual loans decreased by $603,000 in the fourth quarter and $16.7 million for the full year, indicating improved credit quality [11] Market Data and Key Metrics Changes - The cost of funds stood at 3.33% in the fourth quarter, reflecting a 23 basis point improvement from the third quarter and a 50 basis point improvement from a year ago [9] - The loan-to-deposit ratio maintained at 95% [9] Company Strategy and Development Direction - The company is focused on the integration of its merger with Keystone Bankshares, Inc., aiming to create a combined $6 billion entity with 22 locations across Texas [13][14] - Strategic initiatives for 2026 include achieving loan growth targets of $75-$100 million per quarter and maintaining disciplined underwriting practices [14] - The company aims to enhance operational efficiency while scaling its organization for greater success [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to continue delivering substantial value to shareholders and highlighted the positive momentum generated in 2025 [13][15] - The outlook for 2026 is optimistic, with expectations of favorable loan production conditions and a strong pipeline [24][31] Other Important Information - The allowance for credit losses represented 1% of total loans, slightly declining from 1.02% at the previous year-end [12] - The company has reinitiated its 1% initiative to improve efficiency and is expected to realize more efficiencies from the upcoming core conversion [49] Q&A Session Summary Question: Inquiry on expenses and actions taken in the quarter - Management noted $1.5 million in sign-on and severance costs, with additional merger-related expenses expected [19][20] Question: Future hiring post-acquisition - Management indicated ongoing hiring as a talent magnet, with no fundamental shift expected in operations [22] Question: Loan growth expectations post-Keystone acquisition - Management maintained the loan growth target of $75-$100 million per quarter, with potential for favorable conditions in 2026 [24][31] Question: Deposit growth drivers - Management clarified that deposit growth was somewhat seasonal and not driven by specific campaigns [44] Question: Expectations for non-interest income - Management expressed optimism for non-interest income, projecting a strong run rate [51] Question: Update on securitization pipeline - Management indicated likelihood of another securitization in 2026, focusing on selling existing assets [55] Question: Appetite for additional M&A - Management confirmed ongoing strategic planning for M&A, remaining selective in opportunities [40]

Core Insights - MANTL's clients raised over $3 billion in deposits in the first half of 2025, showcasing the potential for financial institutions to achieve sustainable growth through enhanced customer relationships [1][2] - Nearly 130,000 deposit accounts were opened by MANTL clients from existing customers, with an average funding amount exceeding $24,000 [2] - Nine institutions generated over $100 million in deposits each from existing account holders, indicating the effectiveness of MANTL's technology in activating existing banking relationships [2][3] Company Overview - MANTL is a leading provider of loan and deposit account opening technology, recently acquired by Alkami Technology, Inc. in March 2025 [6] - The company offers a unified account origination technology that allows banks and credit unions to open accounts seamlessly across various channels in real time [6] - MANTL's solutions enable consumers to open new deposit accounts in under five minutes and businesses in under ten minutes, significantly enhancing the efficiency of the account opening process [6] Strategic Growth - MANTL is redefining relationship banking by providing financial institutions with technology and data insights to deepen existing customer relationships and increase lifetime value [3] - The company emphasizes the importance of retaining deposits and expanding existing banking relationships in a competitive deposit environment [3] - MANTL's Deposit Origination streamlines the account opening process for existing customers, offering a more cost-effective path to deposit growth compared to traditional acquisition strategies [3] Upcoming Events - MANTL is hosting a webinar titled "Turning existing relationships into results: $3B in 6 months" on September 17, featuring discussions on leveraging an omnichannel deposit strategy to enhance deposit growth [4]

Financial Data and Key Metrics Changes - The company reported a net income of $26.4 million or $54.51 per diluted share for Q2 2025, an increase from $24.7 million or $46 per share in Q1 2025, representing an annualized ROAA of 1.01% and an annualized ROATCE of 12.16% [9][10] - Net interest income for Q2 was $98.3 million, slightly down from $99.3 million in Q1, with a net interest margin of 4.18% compared to 4.2% in the previous quarter [11][12] - Noninterest income increased to $5.8 million in Q2 from $5.5 million in Q1, benefiting from Federal Reserve Bank dividends [13] - Noninterest expenses remained flat at approximately $70 million, reflecting effective expense management [14] Business Line Data and Key Metrics Changes - New loan originations nearly doubled in Q2 compared to Q1, marking the highest level since 2022, indicating a return to organic growth [6][7] - The company experienced slight growth in loans, attributed to a healthy pipeline and business development efforts [6][10] Market Data and Key Metrics Changes - The Texas marketplace remains resilient, providing opportunities for growth, particularly in the context of increased M&A activity [7] - The competitive landscape for loans is described as extremely competitive, with the company gaining market share in the Dallas and Houston Beaumont regions [22] Company Strategy and Development Direction - The company aims to build itself into the bank of choice for small business leaders, focusing on relationship banking to drive long-term shareholder value [8] - The strategy includes expanding existing relationships and acquiring new customers, with a disciplined approach to managing expenses while remaining opportunistic [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to defend and improve net interest margins, despite competitive pressures on funding costs [31][45] - The company is open to acquiring new talent to support growth, while maintaining a strong balance sheet and capital position [26][14] Other Important Information - The total risk-based capital ratio was 15.98% at the end of Q2, slightly up from 15.97% at the end of Q1 [14] - The company repurchased 791,000 shares at a weighted average price of $26.08 during the quarter [14] Q&A Session Summary Question: Growth outlook and competitive landscape for loans - Management noted that loan originations nearly doubled in Q2 compared to Q1, with a healthy pipeline supporting continued growth [20][21] Question: Funding side and core deposits strategy - The company has seen competitive pressures on money market deposits but is well-positioned to drive core deposits, with a focus on new customer acquisition [23][24] Question: Expense management and future investments - Management characterized expense management as holding the line to remain opportunistic for future investments, while being open to acquiring new talent [25][26] Question: Margin trends and implications for the second half of the year - Management feels confident in defending margins and expects improvements as the funding composition stabilizes [30][31] Question: M&A discussions and opportunities - The pace of M&A discussions has increased, with management emphasizing the importance of disciplined pricing [50] Question: Other income line trends - Management indicated that the other income line may trend back towards first quarter levels, with some volatility expected [53]

Financial Performance - Earnings per share increased to $0.81, a 25% increase QoQ and a 119% increase YoY[11] - Net interest margin increased to 2.50%, up from 2.41% in Q1 2025 and 1.98% in Q2 2024[11] - Book value per share increased to $42.23, a 9% annualized increase QoQ and an 8% increase YoY[11] - Total revenue reached a historically high level, driven by solid growth and pricing discipline[13, 14] Balance Sheet & Asset Quality - Total assets reached $4.3 billion[4] - Total loans amounted to $3.7 billion, with 7% annualized growth from Q1 2025[4, 22] - Total deposits reached $3.6 billion, including core deposits of $2.9 billion with 7% annualized growth from Q1 2025[4, 22] - Nonperforming assets (NPAs) stood at 0.27% of total assets[4, 27] Strategic Focus - The company operates 12 banking offices in 8 high-growth Southeast metro markets[9] - The company's Tier 1 RBC is 11.11%[9] - The company's office portfolio has a total credit exposure of $237 million, representing 5.4% of total loans[33]