Core Insights - Ally Financial demonstrated solid operational performance in 2025, with expectations for continued growth into 2026, particularly in net interest margin and customer acquisition [5][6][12] Financial Performance - Retail auto credit losses were reported at 1.97%, with a flat expense structure and an increase in the CET1 ratio [1] - The net interest margin was around 350 basis points at year-end 2025, with expectations for a full-year margin of 360 to 370 basis points [6] - Ally's retail auto net charge-off guidance for 2026 is projected between 1.8% and 2.0%, with current trends indicating a midpoint expectation [9] Business Segments - The company focuses on three key operating businesses: Dealer Financial Services, insurance, and Corporate Finance, supported by a strong deposits franchise [4] - In Corporate Finance, Ally maintains a low average annualized loss rate of about 30 basis points since going public in 2014, while the asset base has grown [2] - Ally's insurance segment is expected to grow, although not linearly, due to various external factors impacting performance [10] Strategic Focus - Ally's strategic shift emphasizes strengthening core franchises and enhancing dealer relationships, which has led to record application flow and written premiums in insurance [3][4] - The company aims to leverage structural tailwinds for margin expansion, particularly through higher-yielding loans replacing lower-yielding securities [7] Customer and Deposit Growth - Ally has achieved 67 consecutive quarters of customer growth since its inception in 2009, indicating a strong customer acquisition strategy [1] - Deposit balances were flat in 2025, but the company anticipates that asset growth will typically lead to deposit growth in 2026, supported by alternative funding sources [12] Capital Management - Ally expects sufficient capital generation to support loan growth, dividends, and buybacks, with a goal of improving the CET1 ratio to the "nines over time" [13] - The company views buybacks as part of a balanced approach to capital management, considering valuation and strategic objectives [13]

Investor Presentation 4 th Quarter & Full-Year 2025 © 2026 Sallie Mae Bank. All rights reserved. © 2026 Sallie Mae Bank. All rights reserved. 1 CAUTIONARY NOTE AND DISCLAIMER REGARDING FORWARD-LOOKING STATEMENTS The following information is current as of January 22, 2026 (unless otherwise noted) and should be read in connection with the press release of SLM Corporation (the "Company") announcing its financial results for the quarter December 31, 2026, furnished to the Securities and Exchange Commission ("SE ...

Core Insights - The company aims for double-digit loan and deposit growth by 2026, with management highlighting ongoing momentum across various banking sectors [1][19] - Loan growth in Q4 was significantly driven by sponsor finance and corporate banking, with overall loans increasing by $190 million in Q4 and $283 million for the year, reflecting a 15% annualized growth rate [2][3][7] - The bank reported a net income of $6.9 million for Q4, with an expanded net interest margin (NIM) of 4.13%, up from 3.90% in the previous quarter [10][11] Loan and Deposit Growth - Management reiterated a goal of double-digit growth in loans and deposits by 2026, citing strong pipeline momentum [1][19] - Loans increased by $190 million in Q4 and $283 million for the year, with a 15% annualized growth rate [3][7] - Deposit growth was led by corporate banking and venture lending, contributing to an increase in core deposits [2][7] Profitability Metrics - The company reported a net income of $6.9 million for Q4, or $0.65 per diluted share, with adjusted net income for the full year at $24.9 million, or $2.80 per share [10] - The net interest margin expanded to 4.13%, attributed to strong loan and core deposit growth, as well as a decrease in the cost of interest-bearing deposits [11][12] - Pre-provision net revenue increased to $12.9 million in Q4 from $10.7 million in Q3 [10] Non-Performing Assets - Non-performing assets increased, primarily due to three specific loans, including two construction loans and one sponsor finance loan [6][8] - Management believes these loans are well collateralized and expects to resolve the situation within 4 to 6 months [8][9] - Broader credit migration remains stable, with criticized and classified loans holding steady at approximately $37 million and $38 million, respectively [9] Expense and Provisioning Overview - The provision for credit losses rose to $2.8 million in Q4, driven by loan growth and including a $1.2 million specific reserve [5][14] - Non-interest expenses increased to $13.9 million, influenced by higher credit-related legal fees and consulting costs, but the adjusted efficiency ratio improved to 51.72% [15] - Management expects ongoing expenses to be above recent levels, with a run rate of approximately $14 million per quarter [16] Funding and Tax Rate - The year-end spot rate on interest-bearing deposits was 2.91%, with discussions on deposit beta dynamics indicating that about 20% of interest-bearing deposits are indexed [17] - The effective tax rate increased to 31.1% in Q4, primarily due to changes in California tax law, with expectations to return to around 28.5% in 2026 [18]

Core Viewpoint - Bankwell Financial Group reported a strong fourth-quarter performance with net income of $9.1 million, driven by net interest margin expansion and a rebound in non-interest income, particularly from the SBA division [4][6][9]. Financial Performance - The company achieved a net interest margin of 3.40%, an increase of 6 basis points from the previous quarter, attributed to a reduction in deposit costs [3][6]. - GAAP net income for Q4 was $9.1 million, or $1.15 per share, which included a one-time tax adjustment of $1.5 million; adjusted operating income was $10.7 million, or $1.36 per share [4][6]. - Non-interest income rose to $3.4 million, a 35% increase from the prior quarter, largely due to $2.2 million in SBA gain-on-sale income [9][10]. Loan Growth and Portfolio Management - The company funded $240 million in loans during Q4, resulting in a 5% annual loan growth, with total funded originations for the year reaching $758 million [5][7]. - Floating-rate loans increased to 38% of the portfolio, up from 23% at the end of 2024, reflecting a strategic shift towards higher-yielding assets [7]. Deposit Repricing and Cost Management - Management indicated that $1.2 billion in time deposits are expected to reprice favorably over the next 12 months, potentially providing an annualized benefit of approximately $4 million [1][6]. - The total deposit cost at the end of 2025 was reported at 3.08%, following a 50 basis point reduction in offered time deposit rates [2][6]. Credit Quality and Capital Position - Non-performing assets decreased to 49 basis points of total assets, down from 56 basis points in the prior quarter, indicating improved credit quality [12]. - The allowance for credit losses was reported at 108 basis points of total loans, with coverage of non-performing loans increasing to 188% [13]. 2026 Outlook - Management provided guidance for 2026, projecting loan growth of 4% to 5%, net interest income between $111 million and $112 million, and non-interest income of approximately $11 million to $12 million [17]. - The company expects to maintain profitability growth alongside investments in personnel and technology, with a headcount increase of over 10% in 2025 [16].

Core Viewpoint - Orrstown Financial Services reported record annual net income for 2025, highlighting strong profitability and growth in fee income, while managing margin pressures from recent interest rate cuts [4][5][7]. Financial Performance - The company achieved a net income of $80.9 million for 2025, equating to $4.18 per diluted share, with a return on average equity of 14.76% and return on average assets of 1.49% [4][7]. - In the fourth quarter, net income was $21.5 million, or $1.11 per diluted share, with non-interest income representing 22% of operating revenue [3][4]. Interest Margin and Projections - The fourth-quarter net interest margin was reported at 4.00%, down from 4.11% in the previous quarter, attributed to lower purchase accounting accretion and reduced interest income from variable-rate loans [2][4]. - Management projects a net interest margin for 2026 in the range of 3.90% to 4.00%, with expectations for funding costs to begin declining in the first quarter of 2026 [1][6][8]. Fee Income and Growth Strategies - Fee income totaled $52.3 million, representing 21% of operating income, with a focus on expanding wealth management services [6][9]. - The company reported an increase in fourth-quarter fee income to $14.4 million from $13.4 million in the third quarter, driven by wealth management income and swap fees [9][11]. Loan and Deposit Trends - Orrstown experienced 4% loan growth in the fourth quarter, with management optimistic about achieving 5% or better growth in 2026 [13]. - Deposits were relatively flat, with a slight decline of $5 million, and the cost of deposits was reported at 1.98% for the quarter [14]. Credit Quality and Capital Position - Credit quality remained strong, with a provision expense of $0.1 million and net charge-offs of $0.5 million, while the allowance for credit losses ended at 1.19% of loans [15]. - The company announced a quarterly dividend increase to $0.30 per share, marking a 50% increase since the merger date [16]. Capital Management and Investments - The company repositioned its securities portfolio, purchasing $125 million of agency mortgage-backed securities, aimed at addressing asset sensitivity [17]. - Capital ratios increased quarter over quarter, and the bank remains well-capitalized, with ongoing monitoring of share repurchase opportunities [18].

Core Insights - Popular reported a total loan growth of $2.2 billion for 2025, marking a 6% increase, with significant contributions from commercial loans and construction loans [1] - The company achieved a net income of $833 million for the full year 2025, a 36% increase compared to 2024, and a fourth-quarter net income of $234 million, reflecting strong performance driven by higher net interest income and lower operating expenses [2][3][6] Financial Performance - For Q4 2025, Popular's earnings per share reached $3.53, an increase of $0.38 from the previous quarter, with a return on tangible common equity (ROTCE) exceeding 14% [2][6] - The net interest income (NII) for Q4 was $658 million, up $11 million from Q3, and for the full year, NII increased by $259 million, or 11% [6][7] - The fourth-quarter net interest margin expanded by 10 basis points to 3.61% on a GAAP basis, driven by higher loan balances and lower interest expenses [7] Loan and Deposit Trends - Loans grew by $641 million in Q4, with $497 million from Banco Popular de Puerto Rico (BBPR) and $144 million from Popular Bank, while management anticipates a consolidated loan growth of 3%-4% for 2026 [7][8] - Ending deposit balances decreased by $323 million in Q4, primarily due to expected outflows in Puerto Rico public deposits, which ended the quarter at $19.4 billion [10] Capital Management and Shareholder Returns - Popular repurchased approximately $500 million of common stock in 2025 and increased its quarterly dividend to $0.75 per share [5][18] - The Common Equity Tier 1 (CET1) ratio stood at 15.7% at year-end 2025, with tangible book value per share rising by 21% to $82.65 [17] Expense Management and Guidance - Operating expenses for Q4 were $473 million, down $22 million from Q3, with management expecting a 3% increase in GAAP expenses for 2026 [14][15] - For 2026, Popular guided to a net interest income growth of 5%-7% and a modest increase in expenses, while anticipating continued margin expansion albeit at a slower pace than in 2025 [4][8] Credit Quality - Credit metrics remained stable, with non-performing loans decreasing to 1.27% of total loans, and net charge-offs for the full year 2025 improved to 52 basis points [16]

Core Insights - NBT Bancorp reported a total loan increase of $1.63 billion, or 16.3%, for the year, bringing the loan portfolio to $11.6 billion, with a diversified mix of 56% commercial and 44% consumer loans [1][6] - The company achieved a net income of $55.5 million, or $1.06 per diluted share, for the fourth quarter, with core operating earnings consistent with the prior quarter at $1.05 per share [3][7] - Operating return on assets was reported at 1.37% and return on tangible equity at 17.02%, with tangible book value per share increasing by 11% year-over-year to $26.54 [2][7] Loan and Deposit Growth - Total loans rose by 16.3% to $11.6 billion, including the acquisition of Evans Bancorp, while deposits increased by approximately $2.0 billion, with a shift towards lower-cost checking, savings, and money market accounts [1][6] - 58% of deposits, amounting to $7.8 billion, were categorized as no- or low-cost accounts, reflecting a strategic move away from higher-cost time deposits [7] Profitability and Capital Management - NBT's net interest margin (NIM) was reported at 3.65% for Q4, down 1 basis point from the previous quarter, with net interest income totaling $135.4 million, an increase of $29 million year-over-year [5][8] - The company repurchased 250,000 shares in Q4, amounting to approximately $10 million, as part of its capital planning strategy [2][7] Fee Income and Expenses - Fee income for the quarter was $49.6 million, down from the previous quarter but up 17.4% year-over-year, with non-interest income representing 27% of total revenues [11] - Operating expenses for Q4, excluding acquisition costs, were $112 million, reflecting a 1.5% sequential increase due to higher technology and marketing costs [13] Credit Quality and Outlook - The provision expense for the quarter was $3.8 million, with an allowance for credit losses at 1.19% of total loans, indicating stable asset quality [15] - Management anticipates mid- to lower-single-digit loan growth in 2026, with potential risks from unscheduled commercial real estate payoffs estimated between $150 million to $175 million [16]

In commercial deposits, Stewart said growth was driven primarily by public fund depository relationships, which carry a higher cost but are tied to local government relationships that also use treasury services. He also said higher line utilization typically reduces operating deposit account balances, reinforcing the company’s focus on improving deposit mix through “primary, core accounts” and deposit-cost discipline.On deposits, Stewart called the fourth quarter the company’s strongest quarter of deposit g ...

Core Insights - First Western Financial reported improved profitability in Q4 2025, driven by loan and deposit growth, net interest margin expansion, and disciplined expense management [5][8] Loan and Deposit Growth - Loans held for investment increased by $59 million from the previous quarter, with new loan production totaling $146 million at an average rate of 6.36% [1][7] - Total deposits rose by $102 million, attributed to new deposit relationships, despite seasonal outflows [9] Financial Performance - The company posted a net income of $3.3 million, or $0.34 per diluted share, which was higher than the prior quarter [4][8] - Gross revenue increased by 1.5% from the prior quarter and 12.2% year-over-year, primarily due to higher net interest income [10] Net Interest Margin - Net interest margin expanded to 2.71%, driven by lower deposit costs and the opportunity to reprice approximately $250 million of fixed-rate loans maturing next year [7][11] - Net interest income rose by 5.6% sequentially and 21.7% year-over-year, attributed to a higher net interest margin [11] Asset Quality and Expenses - Asset quality trends remained stable, with decreases in non-accrual loans and non-performing assets [17] - Non-interest expense increased by $1.2 million due to a $1.4 million write-down on an OREO property, but excluding this, expenses decreased [16] Future Outlook - Management expects continued balance sheet growth in 2026 to be similar to 2025 levels, with positive trends in net interest margin and fee income [18] - The company aims to keep quarterly expenses below $20 million while remaining open to investment opportunities [19]

Core Insights - Amerant Bancorp reported a diluted EPS of $0.07 for Q4, down from $0.35 in Q3, with net interest income at $90.2 million, a decline of $4.0 million from the previous quarter [1][6] - The company is undergoing a strategic plan aimed at stabilizing, optimizing, and growing the organization, focusing on credit transformation, balance sheet optimization, and operational efficiency [5][14] Financial Performance - Net interest margin decreased to 3.78% from 3.92% in Q3, while non-interest income rose to $22.0 million from $17.3 million, driven by gains from the sale and leaseback of banking centers [1][6] - Non-interest expense increased to $106.8 million, up $28.9 million sequentially, primarily due to valuation expenses and contract termination costs [6][7] - ROA and ROE weakened, reported at 0.10% and 1.12% respectively, compared to 0.57% and 6.21% in Q3 [7] Balance Sheet and Capital Actions - Total assets decreased to $9.8 billion from $10.4 billion, driven by reduced wholesale funding and higher-cost deposits [8][10] - The company repurchased 737,334 shares at an average price of $17.63, representing 78% of tangible book value [2][5] - CET1 increased to 11.8% from 11.54% in the prior quarter, with $13 million in share repurchases and $3.7 million in dividends declared [2][5] Credit Quality and Asset Management - Non-performing assets rose to $187 million, or 1.9% of total assets, from $140 million, or 1.3%, in the prior quarter, attributed to a rigorous review of the commercial loan portfolio [11][12] - The company reported gross charge-offs of $29.5 million in Q4, with an allowance for credit losses coverage ratio declining to 1.20% from 1.37% [13] 2026 Outlook - For 2026, the company anticipates loan growth of 7% to 9% and deposit growth to match loan growth, with net interest margin projected between 3.65% and 3.70% [14][15] - Management aims to reduce expenses to approximately $70 million to $71 million in the first half of 2026, with further reductions expected by year-end [15] Strategic Initiatives - The company is focusing on improving credit quality and disciplined loan origination, with aspirations to achieve a ROA close to 1% and an efficiency ratio near 60% by year-end 2026 [16] - Amerant is monitoring developments in Venezuela, viewing potential opportunities in deposits and asset management rather than lending strategies [17]