Core Insights - First US Bancshares, Inc. reported a net income of $2.1 million for 4Q2025, a 10% increase from $1.9 million in 3Q2025 and a 24% increase from $1.7 million in 4Q2024. For the full year 2025, net income totaled $6.0 million, down from $8.2 million in 2024 [1][5]. Financial Performance - Interest income for 4Q2025 was $15.262 million, slightly down from $15.281 million in 3Q2025 but up from $14.854 million in 4Q2024. Interest expense was $5.839 million, compared to $5.619 million in 3Q2025 and $5.672 million in 4Q2024 [3][10]. - Net interest income for 4Q2025 was $9.423 million, a decrease of 2.5% from $9.662 million in 3Q2025 but an increase of 7.7% from $8.748 million in 4Q2024. The net interest margin was 3.46% for 4Q2025, down from 3.60% in 3Q2025 but up from 3.41% in 4Q2024 [10][27]. Loan and Deposit Trends - Total loans decreased by $14.5 million in 4Q2025, with significant growth in multi-family residential and commercial & industrial categories offset by declines in commercial real estate and construction loans. However, total loans increased by $30.0 million, or 3.6%, for the year ended December 31, 2025 [8][9]. - Total deposits increased by $25.5 million, or 2.5%, in 4Q2025, primarily due to increases in interest-bearing demand deposits and certificates of deposit. Core deposits totaled $838.3 million, or 81.6% of total deposits, as of December 31, 2025 [9][18]. Asset Quality and Credit Losses - Nonperforming assets decreased to $1.6 million as of December 31, 2025, from $5.5 million a year earlier, representing 0.14% of total assets compared to 0.50% [15]. - The provision for credit losses was $0.2 million in 4Q2025, down from $0.6 million in 3Q2025 and $0.5 million in 4Q2024. For the full year, the provision totaled $4.0 million, significantly higher than $0.6 million in 2024 [11]. Shareholder Returns and Equity - The Company declared a cash dividend of $0.07 per share in 4Q2025, consistent with previous quarters, totaling $0.28 per share for the year, up from $0.22 in 2024 [19]. - Shareholders' equity increased to $105.6 million, or 9.15% of total assets, as of December 31, 2025, compared to $98.6 million, or 8.96% of total assets, a year earlier [18]. Regulatory and Capital Position - The Bank maintained capital ratios above the required levels for a "well-capitalized" institution, with a common equity Tier 1 capital ratio of 10.88% and a Tier 1 leverage ratio of 9.03% as of December 31, 2025 [21]. Growth Initiatives - The Company continued renovations on a banking center in Daphne, Alabama, expected to open in the first half of 2026, and opened a new automated banking facility in Mountain Brook, Alabama during 4Q2025 [23].

Financial Data and Key Metrics Changes - The company achieved a record adjusted total revenue of $1.3 billion, with a 13% year-over-year increase in full-year adjusted total revenue to $1.26 billion [7][12] - Adjusted net income to common stockholders reached $314 million, marking a 53% improvement over 2024 levels, with adjusted earnings per share at $6.80 [7][14] - Full-year adjusted return on average assets (ROAA) improved by 30 basis points to 1.04%, while Q4 ROAA reached 1.2% [5][11] Business Line Data and Key Metrics Changes - Commercial loan growth was significant, increasing by $1.1 billion, or 10%, year-over-year, while total gross loans increased by $1.6 billion, or 7% [15][17] - Fee income from strategic areas generated $192 million, with a notable 24% growth in treasury product fees for the full year [9][22] - Investment banking saw substantial growth, with transaction volumes increasing nearly 40% year-over-year and total notional bank capital arranged rising by 20% [23] Market Data and Key Metrics Changes - The company reported a full-year deposit growth of $1.2 billion, or 5%, driven by effective client relationship management [17][18] - Average mortgage finance loans increased by 8% late in the quarter, with expectations for a 15% increase in full-year average balances in 2026 [16][57] - The commercial real estate portfolio is expected to see a 10% year-over-year decline in average balances, reflecting a cautious outlook [16][96] Company Strategy and Development Direction - The company is focused on consistent execution and realizing the full potential of its investments, emphasizing operational excellence and high-value client segments [5][9] - A disciplined capital allocation strategy is in place, with a focus on driving long-term shareholder value and maintaining a strong capital position [7][41] - The strategic focus includes enhancing fee income as a percentage of total revenue, which is expected to grow further [9][28] Management's Comments on Operating Environment and Future Outlook - Management expressed a cautious outlook for the macroeconomic environment, maintaining a conservative approach to provisioning [14][68] - The company anticipates continued revenue growth in the mid to high single-digit range, supported by strong client adoption and fee income growth [28][90] - Management highlighted the importance of maintaining financial resilience and prudent risk management in the current economic climate [41][62] Other Important Information - The company repurchased 2.2 million shares, or 4.9% of prior year shares outstanding, at approximately 114% of prior month's tangible book value per share [8][27] - The tangible common equity to tangible assets ratio finished at 10.6%, ranking first among the largest banks in the country [27] - The total allowance for credit loss remains near an all-time high, reflecting a conservative approach to credit risk management [24][81] Q&A Session Summary Question: Investment banking and trading outlook - Management reported arranging about $49 billion of debt for clients in 2025, with Q4 transaction volume up about 40% [33] Question: Capital management and buybacks - The company increased CET1 to 12.13% while growing loans and buying back shares, indicating a strong capital management strategy [41] Question: Expense outlook - Management indicated that expenses would grow in mid-single digits, primarily due to increased salaries and benefits as well as technology investments [51] Question: Loan growth and market conditions - Management expects strong C&I and mortgage finance growth to offset declines in commercial real estate balances, supporting mid to high single-digit growth in gross loans [56] Question: Recent credit trends - A modest increase in special mention loans was noted, primarily related to a few multifamily properties under pressure due to rental concessions [68][78]

Core Viewpoint - First US Bancshares, Inc. reported a net income of $1.9 million for Q3 2025, showing a significant increase from $0.2 million in Q2 2025 but a decrease from $2.2 million in Q3 2024. For the nine months ended September 30, 2025, net income totaled $3.9 million, down from $6.5 million in the same period of 2024 [1][2]. Financial Performance - Net interest income for Q3 2025 was $9.66 million, a 2.0% increase from Q2 2025 and a 5.2% increase from Q3 2024. The net interest margin remained stable at 3.60% [7][21]. - The provision for credit losses was $0.6 million in Q3 2025, significantly lower than $2.7 million in Q2 2025 and $0.2 million in Q3 2024. For the nine months ended September 30, 2025, the total provision was $3.8 million, compared to $0.2 million in the same period of 2024 [8][9]. Asset Quality - Nonperforming assets decreased to $2.2 million as of September 30, 2025, down from $5.5 million at the end of 2024, representing 0.19% of total assets [11]. - Net charge-offs for Q3 2025 were $1.3 million, with a net charge-off rate of 0.61% of average loans, compared to 0.79% in Q2 2025 [11][12]. Deposits and Borrowings - Total deposits increased by $15.6 million, or 1.6%, during Q3 2025, with core deposits making up 83.6% of total deposits [10]. - Short-term borrowings stood at $20 million as of September 30, 2025, up from $10 million at the end of 2024, aimed at maintaining liquidity [10]. Shareholder Equity and Dividends - Shareholders' equity reached $104.2 million as of September 30, 2025, representing 9.09% of total assets, an increase from $98.6 million at the end of 2024 [12]. - The company declared a cash dividend of $0.07 per share in Q3 2025, consistent with the previous two quarters [12]. Growth and Expansion - The company is renovating a banking center in Daphne, Alabama, expected to open in the first half of 2026, and has opened a new automated banking facility in Mountain Brook, Alabama [16].

Core Insights - Independent Bank Corporation reported a net income of $17.5 million, or $0.84 per diluted share, for Q3 2025, an increase from $13.8 million, or $0.65 per diluted share, in the same period last year [1][2]. Financial Performance - Net interest income for Q3 2025 was $45.4 million, up $3.5 million, or 8.4%, year-over-year, and $0.7 million, or 1.7%, from Q2 2025 [3]. - The net interest margin (NIM) was 3.54% in Q3 2025, compared to 3.37% in Q3 2024 and 3.58% in Q2 2025 [3][29]. - Non-interest income totaled $11.9 million in Q3 2025, an increase from $9.5 million in the prior year, primarily due to variances in mortgage banking revenues [4][29]. - Non-interest expenses were $34.1 million in Q3 2025, compared to $32.6 million in the same period last year [8][29]. Asset Quality - Non-performing loans increased to $20.4 million, or 0.48% of total portfolio loans, from $6.0 million, or 0.15%, in the previous year [9]. - The allowance for credit losses stood at 1.49% of total loans, with net charge-offs at historically low levels of four basis points through the first three quarters of 2025 [10][11]. Balance Sheet and Capital - Total assets were $5.49 billion at September 30, 2025, an increase of $155 million from December 31, 2024 [12]. - Total deposits reached $4.86 billion, up $205.1 million from the end of 2024, driven by increases in savings and interest-bearing checking accounts [12]. - Shareholders' equity was $490.7 million, or 8.93% of total assets, compared to $454.7 million, or 8.52%, at the end of 2024 [14]. Shareholder Returns - The company paid a dividend of $0.26 per share on August 15, 2025 [4]. - A share repurchase plan authorized the purchase of up to 1,100,000 shares, with 266,008 shares repurchased for $7.77 million during the nine months ended September 30, 2025 [16].

Core Insights - KeyCorp reported a revenue of $1.8 billion for Q2 2025, reflecting a 21% increase year-over-year, driven by a 10% growth in noninterest income and a 4% increase in net interest income [1][2][6] - The net income attributable to Key common shareholders for Q2 2025 was $387 million, or $0.35 per diluted common share, compared to $370 million, or $0.33 per diluted common share in Q1 2025, and $237 million, or $0.25 per diluted common share in Q2 2024 [1][5][49] - The company experienced a decline in net loan charge-offs by 8% quarter-over-quarter, indicating stable to improved credit metrics [1][20] Revenue and Income - Total revenue for Q2 2025 was $1.84 billion, up 20.6% from $1.526 billion in Q2 2024, with net interest income at $1.15 billion, a 27.9% increase year-over-year [6][49] - Noninterest income reached $690 million, a 10% increase from $627 million in Q2 2024, driven by higher investment banking and debt placement fees [10][11][49] Expenses - Noninterest expenses increased to $1.154 billion, a 7% rise from $1.079 billion in Q2 2024, primarily due to higher personnel expenses related to incentive compensation [13][14][49] - The company managed to keep deposit costs below 2%, with average deposits totaling $147.4 billion, reflecting a 2.3% increase year-over-year [18][19] Asset Quality - Net loan charge-offs for Q2 2025 were $102 million, or 0.39% of average total loans, compared to $91 million, or 0.34%, in Q2 2024 [20][22] - Nonperforming loans at the end of Q2 2025 totaled $696 million, representing 0.65% of period-end portfolio loans, stable compared to previous quarters [23][22] Capital Position - KeyCorp's Common Equity Tier 1 ratio was 11.7% as of June 30, 2025, maintaining a strong capital position above regulatory benchmarks [25][27] - The company declared a dividend of $0.205 per common share in May 2025, consistent with previous quarters [28][49] Business Segments Performance - The Consumer Bank segment generated $912 million in revenue, a 20.3% increase from Q2 2024, with net income of $122 million [32][35] - The Commercial Bank segment reported $974 million in revenue, up 26.8% year-over-year, with net income of $349 million [31][38]