Upstart (NasdaqGS:UPST) Q4 2025 Earnings call February 10, 2026 04:30 PM ET Company ParticipantsArvind Ramnani - Managing DirectorChelsea Williams - Investor RelationsDave Girouard - Co-founder and CEODavid Scharf - Managing DirectorJames Faucette - Managing DirectorJohn Hecht - Managing DirectorKyle Joseph - Managing DirectorKyle Peterson - Equity Research Managing DirectorPaul Gu - Co-founder and CTOPeter Christiansen - DirectorReggie Smith - Equity Research Executive DirectorRob Wildhack - Director of Eq ...

Upstart (NasdaqGS:UPST) Q4 2025 Earnings call February 10, 2026 04:30 PM ET Speaker6Good afternoon and welcome to the Upstart fourth quarter and full year 2025 earnings call. At this time, all participants are in a listen-only mode to prevent any background noise. Later, we will conduct a question-and-answer session, and instructions will be given at that time. As a reminder, this conference call is being recorded. I'd now like to turn the call over to Chelsea Williams, Investor Relations. Chelsea, please g ...

Core Insights - Upstart Holdings (UPST) is expected to report its Q4 and full-year 2025 results on February 10, with anticipated growth in revenues and earnings per share [1][7] - The company has a strong history of surpassing earnings estimates, having done so in the last four quarters [2] Financial Performance Expectations - Management has guided for Q4 revenues of approximately $288 million, reflecting sequential growth despite typical holiday seasonality [3] - Fee revenues are projected to be around $262 million, with net interest income expected at about $26 million [3] - For Q4, adjusted EBITDA is anticipated to be approximately $63 million, with GAAP net income around $17 million and adjusted net income near $52 million [3] Profitability Metrics - Contribution margin is expected to moderate to about 53%, indicating a shift towards optimizing customer lifetime value rather than maximizing short-term margins [4] Funding and Growth Potential - Upstart has secured a $1.5 billion forward-flow agreement with Castlelake, enhancing its lending capacity and reducing balance sheet exposure [5] - The company is also seeing growth in newer verticals such as auto and home loans, which are becoming significant contributors to overall volume and revenues [5] Revenue Estimates - The Zacks Consensus Estimate for Q4 revenues is set at $288.47 million, representing a 31.74% increase year-over-year [6] - For the full year 2025, total revenues are projected to be about $1.035 billion, with fee revenues of roughly $946 million and net interest income of approximately $89 million [8] Earnings Projections - The consensus estimate for full-year EPS stands at $1.68, indicating a significant increase from a loss of 20 cents in the previous year [9]

A piggy bank might work when you’re a kid, but as you begin to earn and save money, you need a more functional place for your cash. Banks are financial institutions that hold and insure your deposits, protecting them from theft, loss, or natural disaster. They can also loan you money when you need to make a major purchase, such as a house or car. With thousands of banks catering to different audiences and financial goals, the definition and purpose of a bank may start to get blurry. Read on to learn more ...

Core Viewpoint - Banco Santander is advancing its strategy to enhance scale and profitability in the U.S. through the acquisition of Webster Financial for $12.3 billion, marking a significant milestone in its growth initiative [2][3][11]. Group 1: Acquisition Details - The acquisition of Webster Financial, valued at $12.3 billion, will be financed with 65% cash and 35% stock, and is expected to close in the second half of 2026, pending regulatory and shareholder approvals [3][9][11]. - This deal represents the largest U.S. bank merger or acquisition by assets and deal value since 2021 and is the first instance of a European bank acquiring a U.S. bank in several years [3][4][11]. - Post-acquisition, Santander's total assets will increase to approximately $327 billion, surpassing regional competitors such as Citizens Financial Group and M&T Bank [12][13]. Group 2: Strategic Rationale - The acquisition is aimed at diversifying Santander's loan portfolio, which has been heavily focused on consumer finance, by incorporating Webster's strong commercial and industrial loan offerings [5][11]. - Webster Financial provides a stable source of low-cost deposits from various channels, enhancing Santander's funding capabilities for its U.S. auto-loan portfolio [6][11]. - The deal fills a geographic gap for Santander, allowing for a more contiguous branch network in the Northeast, particularly in Connecticut and surrounding areas [7][11]. Group 3: Financial Projections and Benefits - Santander anticipates realizing $800 million in total cost savings from the acquisition, including $480 million from headquarters efficiencies and branch optimization, and expects a return on tangible equity in the U.S. to rise to 18% by 2028 [9][10]. - The acquisition is projected to deliver earnings per share accretion of 7%-8% by 2028, enhancing overall profitability [10][11]. Group 4: Market Context and Analyst Insights - Analysts view the Webster acquisition as a sign of Santander's major expansion cycle, contrasting with the trend of European banks retreating from the U.S. market [14][15]. - The deal reflects a renewed interest from foreign institutions in building scale in the U.S. under a more favorable regulatory environment for bank mergers and acquisitions [17][19]. - Despite initial stock price fluctuations following the announcement, Santander's stock showed signs of recovery, indicating market reactions to the acquisition [21][22].

The average monthly payment for new cars sat between $700 and $800 in the third quarter of 2025, according to Experian . Used cars had a smaller range, from around $500 to a little over $550.The average cost of full coverage car insurance is about $225 per month for full coverage and $68 per month for minimum coverage.Banks are the most common choice for financing new and used auto loans (31.30%), but credit unions (23.72%) and captive financing (18.98%) follow shortly behind.Longer loan terms are also beco ...

Wells Fargo hiked its pay for CEO Charlie Scharf to $40 million – a roughly 28% jump – in 2025 as he helped the bank turn the page on several federal penalties and billions of dollars in fines.The top exec made $2.5 million in base salary and $37.5 million as a bonus – the highest pay for a Wells Fargo employee in decades, according to a Thursday filing earlier reported by Bloomberg.That was up from a salary of $2.5 million and a bonus of $28.7 million in 2024, or $31.2 million total.Wells Fargo hiked its p ...

Core Insights - First National Bank of Omaha (FNBO) was established in 1857 and is headquartered in Omaha, Nebraska, providing services online but limited to customers in eight U.S. states [1] Product Overview - FNBO offers various checking accounts, including Access Debit with no monthly fee or minimum balance but no checks or overdraft protection [2] - Free Checking account has no monthly fee or minimum balance but does not earn interest or offer overdraft protection, while providing free checks [3] - Premier Checking account allows deposits to earn 0.02% APY, with a waived monthly fee if an average daily balance of $15,000 is maintained, and includes free checks and overdraft protection [4] - Savings accounts earn interest if linked to an FNBO checking account, with rates depending on deposit amount and location [4] - Money Market account requires a minimum deposit of $1,000 to open, has no monthly fee or minimum balance, and allows six fee-free withdrawals per month [6] - Flex Savings account combines features of a CD and savings account, offering a rate-lock option with a maximum rate of 3.5% for a 3-month lock, and a $25 monthly fee waived with a $1,000 balance [7] - Certificates of Deposit (CDs) can be opened with a minimum of $500, with terms ranging from 91 days to five years and rates up to 3.20% APY [8] Loan Offerings - FNBO provides a variety of loan types, including credit cards with different rewards, personal loans, mortgages, and auto loans [9][13] Customer Service and Mobile Banking - FNBO offers 24/7 customer support via phone and has mobile banking apps for iPhone and Android, with user ratings of 4.6 stars on Google Play and 4.8 stars on the Apple App Store [15] Social and Environmental Impact - FNBO contributed over $7.5 million to nonprofit organizations in 2024, but has received mixed reviews regarding its environmental policies, falling short in climate responsibility according to Bank.Green [16]

Group 1: Ally Financial - Ally Financial is the largest all-digital bank in the U.S. and specializes in auto loans, being the largest auto lender not owned by an automaker, with $144 billion in retail deposits [2] - The company has strategically exited non-core businesses to focus on auto loans, insurance, and consumer banking [3] - In 2025, Ally achieved record results, with $43.7 billion in originated loans and an all-time high for written insurance premiums, maintaining a 3.43% net interest margin [4] - Ally trades at eight times forward earnings and is one of the few major banks trading below book value, presenting a potential opportunity for investors [5] Group 2: Capital One - Capital One has seen a decline of about 12% in early 2026, primarily due to investor concerns over potential credit card interest rate caps and skepticism regarding its acquisition of fintech company Brex for $5.15 billion [6][7] - Despite these concerns, Capital One reported strong earnings with increases in credit card, auto, and commercial loans, and has a net interest margin of 8.26%, significantly higher than the average big bank [8] - The bank's valuation is approximately 10.6 times forward earnings, and the potential synergies from the Discover merger have yet to be fully realized, indicating a buying opportunity [8]

As most CFOs are probably thinking, this structure could complicate the interpretation of Carvana’s unit economics. Profit is generated not only at the point of sale of the vehicle sale but also through credit origination, securitization and intercompany arrangements, making it difficult to isolate the contribution of core retail operations from financing-driven profit.Within this structure, privately held companies controlled by the Garcia family play key roles in the broader retail and financing ecosystem ...