LOS ANGELES, July 22, 2025 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC, or “Hanmi”), the parent company of Hanmi Bank (the “Bank”), today reported financial results for the second quarter of 2025. Net income for the second quarter of 2025 was $15.1 million, or $0.50 per diluted share, compared with $17.7 million, or $0.58 per diluted share for the first quarter of 2025. The return on average assets for the second quarter of 2025 was 0.79% and the return on average equity was 7.48%, compare ...

Revenue of $1.8 billion, up 21% year-over-year; Significant positive operating leverage on both a total and fee basis year-over-yearNet interest income up 4% and net interest margin increased 8 bps quarter-over-quarterPeriod-end loans up $1.6 billion quarter-over-quarter; Commercial loans up $3.3 billion or 5% year-to-dateNet charge-offs declined 8% quarter-over-quarter; Other credit metrics stable to improvedCLEVELAND, July 22, 2025 /PRNewswire/ -- KeyCorp (NYSE: KEY) today announced net income from contin ...

Financial Data and Key Metrics Changes - The company reported record earnings of $119.4 million for Q2 2025, translating to $0.60 earnings per share, with a return on assets of 2.08%, compared to $115.2 million and a return on assets of 2.07% in the previous quarter [7][8] - Non-GAAP return on tangible common equity was 18.26%, while GAAP return was 17.68% [7] - Loan loss reserves remained strong at 1.86%, with Tier 1 capital at 15.6% and a leverage ratio of 13.4% [8] Business Line Data and Key Metrics Changes - The Trust, Wealth Management, and Mortgage divisions showed meaningful improvements, contributing positively to the bottom line [16] - CCFG closed approximately $500 million in new commitments for Q2, bringing the year-to-date total to over $800 million, with portfolio growth of CAD 122 million [24] Market Data and Key Metrics Changes - Deposits decreased by $53 million in Q2 due to seasonal tax payments, but balances grew in May and June, indicating a recovery in deposit activity [16] - The company operates in dynamic and growing states such as Arkansas, Texas, Alabama, and Florida, which are contributing to its performance [16] Company Strategy and Development Direction - The company aims to acquire additional assets to enhance income, targeting approximately $450 million in income for the current year and $500 million for the next year [12][11] - Management is actively looking at several acquisition opportunities and intends to make an announcement before the next quarterly report [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the trajectory of margins and expects the third quarter to perform similarly to the first two quarters of 2025 [30] - The company is cautious about potential rapid interest rate cuts, emphasizing the need for a gradual approach to avoid inflation [36] Other Important Information - The company has been aggressive in stock buybacks, purchasing over 3 million shares worth approximately $86 million and paying out about $150 million in dividends [8][10] - A lawsuit settlement resulted in elevated expenses for the quarter, amounting to approximately $3.5 million, but management expects expenses to normalize in the following quarters [81][82] Q&A Session Summary Question: Loan growth and customer base aggressiveness - Management noted that while they are not being more aggressive, they are benefiting from strong markets where their teams are performing well [32][34] Question: M&A opportunities and deal sizes - The company is looking at potential acquisitions in the range of $2 billion to $6 billion, focusing on opportunities that align with their growth strategy [131][132] Question: Deposit pricing and competition - Management indicated that deposit pricing remains competitive but they are able to negotiate slightly lower rates than competitors [56] Question: Impact of sub debt on margin - The removal of sub debt is expected to benefit the net interest margin by about 5 to 6 basis points, with full benefits realized in Q4 [137] Question: Hiring plans - The company does not plan to aggressively hire lenders, preferring to develop talent internally rather than poaching from competitors [120][126] Question: Mortgage banking outlook - The mortgage banking segment has shown variability, with no strong multi-month trends expected until interest rates decrease significantly [90][91]

Citigroup C has kicked off earnings season with strong second-quarter 2025 results, prompting several Wall Street analysts to reiterate positive ratings and raise price forecasts for the banking giant.The company’s performance was highlighted by an impressive beat on earnings per share and net interest income, driven by robust activity in its Markets and Services segments, along with disciplined expense management.Analysts from Piper Sandler, UBS, and Keefe, Bruyette & Woods lauded Citi’s improved outlook, ...

Financial Data and Key Metrics Changes - The company reported an adjusted EPS of $0.45 per share, reflecting a $0.03 increase from the prior quarter [7] - Pre-provision net revenue (PPNR) grew by $4 million from the first quarter, primarily driven by a $10 million increase in net interest income [7][8] - Total expenses, excluding deferred compensation, increased by only $4 million from the last quarter [15] Business Line Data and Key Metrics Changes - The loan portfolio saw a 2% increase quarter over quarter, with significant growth in loans to mortgage companies, which rose by $689 million [13] - The commercial and industrial (C&I) portfolio also grew, with period-end balances up $316 million quarter over quarter [13] - Fee income performance decreased by $3 million from the prior quarter, with fixed income performance declining slightly [14] Market Data and Key Metrics Changes - Period-end deposit balances increased by $1.4 billion compared to the prior quarter, driven by a $1.6 billion increase in brokered CDs [12] - The average rate paid on interest-bearing deposits increased to 2.76%, up from 2.72% in the first quarter [12] - The charge-off ratio remained stable at 22 basis points, consistent with expectations for the year [16] Company Strategy and Development Direction - The company aims to achieve a return on tangible common equity (ROTCE) of over 15% in the next two to three years, focusing on operational efficiency and profitability [19][22] - There is a strong emphasis on organic loan growth and enhancing client relationships to drive pre-provision net revenue [19][22] - The company is committed to maintaining capital levels in line with a near-term target of 11% CET1, with ongoing discussions about potential adjustments [17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the economic fundamentals in their southern footprint, expecting stability through the latter half of 2025 and into 2026 [6] - There is a recognition of increased competition and deposit pressure, but the company remains focused on profitability and sustainable growth [6][7] - Management noted that borrowers are showing resilience and optimism, which is expected to lead to improved activity in the second half of the year [27] Other Important Information - The company retained over half of its $1 billion share repurchase authorization, using $9 million in the second quarter [17] - The company is seeing opportunities to grow PPNR by $100 million or more over the coming years through synergies and deepening client relationships [19][22] Q&A Session Summary Question: Client health and loan growth outlook - Management noted that borrowers are resilient and optimistic, with expectations for improved activity as tariff questions are settled [27] Question: CET1 target and buyback appetite - Management indicated that they are comfortable with the current CET1 target and will evaluate capital deployment based on loan growth opportunities [30][31] Question: Deposit repricing opportunities - Management sees potential for deposit repricing but expects fluctuations based on market conditions and competition [36][38] Question: Signs of stress in credit sectors - Management highlighted consumer-facing industries like trucking and auto finance as areas to watch closely for stress [42] Question: Expectations for mortgage warehouse balances - Management expects mortgage warehouse balances to remain stable or increase, depending on mortgage industry trends [50] Question: Expense guidance and fee income trends - Management confirmed that the high end of the expense guidance is not expected to exceed 2%, with a focus on maintaining cost discipline [95] Question: Regulatory developments and capital deployment - Management is optimistic about potential regulatory changes that could facilitate M&A opportunities but remains focused on organic growth [102] Question: Trends in loan repricing and margin - Management noted increased competition on both deposit and lending sides, with expectations for continued competitive pressures [106][108]

Financial Performance - Net income reached $5.5 billion, or $1.60 per diluted common share, including a $253 million gain from acquiring the remaining interest in the merchant services joint venture[4] - Revenue totaled $20.8 billion, a 1% increase, with net interest income at $11.7 billion (down 2%) and noninterest income at $9.1 billion (up 4%)[4] - The effective income tax rate was 14.3%[4] - Return on Equity (ROE) was 12.8%, and Return on Tangible Common Equity (ROTCE) was 15.2%[4] Credit Quality - Provision for credit losses amounted to $1.0 billion[6] - Total net loan charge-offs were $1.0 billion, down $304 million, representing 0.44% of average loans (annualized)[6] - Allowance for credit losses for loans stood at $14.6 billion, a 1% decrease[6] Capital and Liquidity - The Common Equity Tier 1 (CET1) ratio was 11.1%[5] - The Liquidity Coverage Ratio (LCR) was 121%[5] - Total Loss Absorbing Capacity (TLAC) ratio was 24.4%[5] Loans and Deposits - Average loans were $916.7 billion, stable year-over-year[4] - Average deposits totaled $1.3 trillion, down 1%[4]

Old Second Bancorp, Inc. (NASDAQ:OSBC) Q1 2025 Earnings Conference Call April 24, 2025 10:00 AM ET Company Participants James Eccher - Chairman, President & Chief Executive Officer Bradley Adams - Chief Operating Officer and Chief Financial Officer Gary Collins - Vice Chairman Conference Call Participants Terry McEvoy - Stephens David Long - Raymond James Nathan Race - Piper Sandler Jeff Rulis - D.A. Davidson Christopher McGratty - KBW Brian Martin - Janney Operator Good morning, everyone and thank you for ...

Financial Data and Key Metrics Changes - For Q4 2024, net income was $2,900,000,000 with an EPS of $1.34 and a ROTCE of 6.1% on revenues of $19,600,000,000, reflecting a 12% increase in total revenues driven by growth across all businesses [21][20] - Full year net income increased nearly 40% to $12,700,000,000, with revenues up 5% excluding divestitures [6][23] - The tangible book value per share grew by 4%, and the CET1 ratio ended at 13.6%, approximately 150 bps above the regulatory capital requirement [11][28] Business Line Data and Key Metrics Changes - Services revenue increased by 9% to $19,600,000,000, benefiting from fee growth and higher deposit volumes [23][28] - Markets revenue rose by 6% to $19,800,000, primarily driven by equity growth, which had its highest annual revenue in a decade [23][24] - Banking revenues surged by 32% to $6,200,000,000, largely due to a 42% increase in investment banking fees [24][33] - Wealth revenues increased by 7% to $7,500,000,000, driven by a 15% rise in non-interest revenue [24][36] - U.S. Personal Banking revenues grew by 6%, driven by card growth and lower partner payments [38] Market Data and Key Metrics Changes - The U.S. remains central to the macroeconomic picture, with growth driven by both high-end consumers and a strong corporate sector [5][4] - Emerging markets have reemerged as bright spots, benefiting the company due to its global network [6] Company Strategy and Development Direction - The company is focused on executing its strategy with a commitment to returning capital to shareholders, including a $20,000,000,000 share repurchase program [11][47] - A significant simplification of the organization has been undertaken to enhance decision-making and client partnership [12][13] - The company aims to improve its ROTCE to between 10% and 11% by 2026, viewing this as a waypoint rather than a destination [18][46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate the macroeconomic environment, with expectations for continued revenue growth in 2025 [41][42] - The company anticipates a slight decrease in total expenses for 2025, with a focus on driving efficiencies while investing in transformation and technology [44][45] - Management acknowledged the need for ongoing investments in data and regulatory reporting to meet regulatory expectations [15][54] Other Important Information - The company has exited consumer businesses in nine countries and is on track to complete wind-downs in three others, including Banamex [12] - Investments in technology and transformation totaled $11,800,000,000, focusing on digital innovation and client experience [26][14] Q&A Session Summary Question: Regarding the reduction in the ROTCE target for 2026 - Management clarified that the reduction is linked to higher investments in transformation but emphasized that the strategy is working and they are generating more fee-based revenues [51][52] Question: On the buyback program and its timing - Management expressed confidence in the buyback program, indicating that it reflects the growing earnings power and the need to manage capital effectively [60][88] Question: Expectations for card net charge-offs - Management expects net credit losses to be at the high end of the previously provided range, with seasonal variations anticipated throughout the year [67][68] Question: Clarification on expense guidance and revenue growth - Management confirmed expectations for three consecutive years of lower expenses alongside higher revenues, indicating a focus on operational efficiency [73][74] Question: Competitive positioning in wealth management - Management highlighted the potential for growth in wealth management, emphasizing the global reach and client relationships that can be leveraged for investment opportunities [94][96]