Core Viewpoint - Dime Community Bancshares' CEO, Stuart H. Lubow, sold 25,026 shares after a strong Q4 performance in 2025, indicating potential confidence in the company's future despite the sale [1][9]. Transaction Summary - The sale of 25,026 shares was valued at $878,000, with a weighted average purchase price of $35.09 per share [2]. - Post-transaction, Lubow's direct ownership decreased by 9.91%, leaving him with 202,648 shares [5]. Company Overview - Dime Community Bancshares reported a total revenue of $409.90 million and a net income of $101.51 million for the trailing twelve months (TTM) [4]. - The company has a dividend yield of 2.92% and a 1-year price change of 8.97% as of February 21, 2026 [4]. Market Data - The market capitalization of Dime Community Bancshares is $1.5 billion, with a current stock price change of 0.68% [6]. - The stock has a 52-week range of $23.25 to $36.86, indicating significant price movement over the past year [6]. Executive Ownership - In addition to the shares sold, Lubow holds 5,439 indirect shares through a 401k plan and 19,499 shares through his spouse, along with 8,000 shares of preferred stock [7]. Company Actions - Dime announced a repurchase plan for approximately 1.5 million common shares, which may enhance stock value, although completion is not guaranteed [8]. Financial Performance - The company experienced a 159.40% year-over-year increase in revenue for Q4 FY 2025, marking the largest increase since Q2 2021 [9]. - Dime's stock has risen approximately 14% in 2026 as of February 21, 2026 [9].

Financial Data and Key Metrics Changes - The company reported diluted earnings per share (EPS) of $0.89 for the fourth quarter, a 7% increase compared to the linked quarter [4] - For the full year of 2025, net interest income improved by 2% compared to 2024, while the net interest margin declined by seven basis points [13][14] - The efficiency ratio for the fourth quarter was stable at 57.8%, with a full-year efficiency ratio of 58.7% compared to 58% for 2024 [16][18] Business Line Data and Key Metrics Changes - Loan growth for the full year was 6% compared to 2024, with a fourth-quarter annualized loan growth of 2% [10] - Fee-based income improved by 5% in the fourth quarter and 6% for the full year compared to 2024, driven by higher lease income and trust and investment income [15][16] - The provision for credit losses totaled $8.1 million for the fourth quarter, driven by net charge-offs and loan growth [6][7] Market Data and Key Metrics Changes - Non-performing loans grew nearly $4 million compared to the linked quarter, while criticized loans declined by $32 million [9] - At year-end, 98.6% of the loan portfolio was considered current, down from 99% at September 30 [10] - The loan-to-deposit ratio remained around 89%, consistent with the linked quarter-end and prior year-end [17] Company Strategy and Development Direction - The company is focusing on technological capabilities and has implemented state-of-the-art software programs to enhance operational efficiency [20][21] - There is a strategic emphasis on maintaining a neutral interest rate risk position and managing deposit costs [14][17] - The company plans to achieve positive operating leverage for 2026 and anticipates loan growth between 3% and 5% compared to 2025 [24][25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about loan growth, particularly in the commercial sector, despite potential payoffs in a declining rate environment [33][34] - The company expects to cross the $10 billion asset threshold in 2027 but has no plans to do so organically [23][24] - Management anticipates a slight reduction in net charge-offs for 2026 compared to 2025, positively impacting the provision for credit losses [26] Other Important Information - The company plans to continue investing in data provision and warehousing, new talent, and specialty areas within existing businesses [84] - The Chief Commercial Banking Officer is set to retire, with a successor already appointed [22] Q&A Session Summary Question: Margin guidance and accretion benefit - Management indicated that the accretion benefit for the full year is expected to be closer to five basis points [31] Question: Tax rate expectations - The tax rate for 2025 was around 21%, with expectations for 2026 to be in the 22% range [32] Question: Loan demand outlook - Management expressed encouragement regarding loan growth, particularly in commercial lending, despite some expected payoffs [33] Question: M&A environment and criteria - The company is focused on strategic patience in evaluating M&A opportunities, primarily within its existing footprint [43][44] Question: North Star Leasing performance - Management acknowledged a slight increase in charge-offs but remains optimistic about the long-term outlook for the leasing business [48] Question: Capital actions and share buybacks - Management confirmed ongoing share buyback programs and a continuation of the dividend rate [74] Question: Fee income growth outlook - Management discussed the challenges in the insurance market but remains committed to growth through acquisitions [81] Question: Deposit growth expectations - Management does not expect deposits to keep pace with loan growth, anticipating an increase in the loan-to-deposit ratio [95]

Group 1 - Banner Corporation will report its fourth quarter results after the market closes on January 21, 2026 [1] - A conference call to discuss the results will be held on January 22, 2026, at 8:00 a.m. PT (11:00 a.m. ET) [1] - The call will be available for live listening on the company's website [2] Group 2 - Banner Corporation is a bank holding company with a total asset value of $16.56 billion [3] - The company operates a commercial bank across four Western states, providing a full range of deposit services and various types of loans [3]

Financial Performance - 3Q 2025 - Net income for 3Q25 was $186 million, or $069 per diluted share[31] - Non-GAAP net income for 3Q25 was $197 million, or $073 per diluted share[31] - Return on assets (ROA) was 101%[31] - Return on equity (ROE) was 1289%[31] - Net interest margin (NIM) was 349%[31] - Efficiency ratio was 6284%, or 6081% non-GAAP[31] - Tangible common equity (TCE) ratio was 792%, or 794% non-GAAP[31] Strategic Focus & Growth Drivers - Central Pacific Bank (CPB) is the 4th largest financial institution in Hawaii with $74 billion in total assets[9, 11] - The company is focused on strengthening its brand and reputation to enhance customer trust and loyalty[13] - The company aims to maintain a quarterly cash dividend with approximately 40% payout[29] Balance Sheet & Loan Portfolio - Total deposits as of September 30, 2025, were $658 billion[39] - 29% of the deposit portfolio is noninterest-bearing demand deposits[40, 43] - The loan portfolio is diversified, with 80% secured by real estate[49] - 29% of the loan portfolio contractually reprices within 1 year[54]

Core Viewpoint - Bogota Financial returned to profitability in Q2 2025, reporting a net income of $224,000, a significant turnaround from a net loss of $432,000 in the same period last year, primarily driven by a 34.7% increase in net interest income and reduced interest expenses [1][5][6] Financial Performance - Earnings per share (EPS) improved to $0.02 from a loss of $0.03 year-over-year [2] - Net interest income rose to $3.7 million from $2.7 million, reflecting a 34.7% increase [2][5] - Total assets decreased by 5.1% to $921.8 million, while total deposits shrank to $628.2 million [2][8] - The efficiency ratio improved to 95.7%, down from 122.3% in Q2 2024, indicating better cost management [6] Loan and Deposit Trends - The bank experienced a decline in net loans, with residential first mortgage loans falling by $14.5 million and construction loans dropping by $17.4 million [7] - Delinquent loans increased to $20.4 million, representing 2.94% of total loans, up from $14.3 million at year-end 2024 [10] - Deposits decreased by 2.2%, with certificates of deposit falling by $11.5 million, while savings accounts saw a modest increase of $4.6 million [8][9] Risk Management and Capital Position - The allowance for credit losses remained steady at 0.37% of total loans, with no loans charged off during the quarter [10][12] - Tier 1 capital to average assets was reported at 15.32%, well above required levels, and average equity as a percentage of total assets increased to 14.96% [11] - The bank has no exposure to commercial real estate loans backed by office properties, focusing instead on residential and multi-family lending [13] Strategic Focus and Outlook - The company aims to manage its loan portfolio for quality and yield, with a focus on growing consumer and commercial deposits [4][14] - Management anticipates an increase in loan demand later in the year and into early 2026, emphasizing the importance of maintaining strict credit standards [14][15]

Core Viewpoint - Security Federal reported strong financial performance for Q2 2025, with significant year-over-year growth in net interest income and earnings per share, despite a slight contraction in loan balances [1][5][6] Financial Performance - Earnings per share (GAAP) increased to $0.75, up 13.6% from $0.66 in Q2 2024 [2] - Net income available to common shareholders rose to $2.4 million, an 11.6% increase from $2.13 million in the same quarter last year [2][5] - Net interest income reached $11.3 million, reflecting a 10.8% growth compared to $10.2 million in Q2 2024 [2][6] - Non-interest income grew by 6.1% to $2.6 million, up from $2.45 million [2] - Non-interest expense increased by 7.2% to $10.4 million, compared to $9.7 million in the prior year [2][7] Asset and Loan Metrics - Total assets at the end of the period were $1.63 billion, a 5.3% increase from $1.54 billion in Q2 2024 [2] - Total loans receivable slightly declined to $685.5 million, down 0.2% since year-end 2024 [5] Capital and Credit Quality - Non-performing assets decreased to $5.95 million, representing 0.37% of total assets, down from 0.47% at the end of 2024 [9] - The allowance for credit losses was 2.00% of gross loans, showing a modest increase since year-end [9] - Regulatory capital ratios remain strong, with a total risk-based capital ratio of 20.46%, well above required levels [9] Preferred Stock Dividends - Preferred stock dividends surged to $415,000, more than four times the previous year's $97,000, impacting net income available to common shareholders [8] Business Focus and Strategy - Security Federal operates as a community-oriented bank with a focus on local businesses and individuals, offering a range of loan products [3][4] - The bank is designated as a Certified Community Development Financial Institution (CDFI), emphasizing lending to low- and moderate-income areas [4] Management Outlook - No explicit financial guidance for the remainder of fiscal 2025 was provided, leaving investors without specific targets for loan growth or earnings [11] - Investors are encouraged to monitor loan balances, non-interest expense trends, and the impact of preferred dividends on future performance [12]

Core Insights - Northeast Community Bancorp (NECB) reported Q2 2025 earnings with diluted EPS of $0.82, exceeding analyst estimates of $0.79, while revenue of $25.93 million fell short of expectations by $0.028 million [1][5] - The company faced challenges with declining income and returns on assets and equity compared to the same quarter last year, but maintained a focus on asset quality and funding diversification [1][5] Financial Performance - Diluted EPS (GAAP) for Q2 2025 was $0.82, down 15.5% from $0.97 in Q2 2024 [2] - Revenue (GAAP) decreased by 1.1% year-over-year, from $26.2 million in Q2 2024 to $25.93 million in Q2 2025 [2] - Net interest margin fell to 5.35% from 5.79%, reflecting a decrease in yields on interest-earning assets [2][6] - Return on average total assets dropped to 2.27% from 2.70% year-over-year [2][7] - Efficiency ratio worsened to 40.52% from 35.24%, indicating rising operating expenses [2][8] Business Focus - NECB specializes in construction lending, primarily in high-demand markets in New York and Massachusetts, maintaining strong relationships with developers [3][4] - The bank's performance relies on effective lending strategies, disciplined funding, and compliance with regulatory standards [4] Recent Developments - Non-interest income increased by 17.4%, driven by higher loan fees and favorable market valuations of equity securities, while non-interest expenses rose by 10.6% [6] - Construction loan originations totaled $338.8 million in the first half of 2025, although the total construction portfolio shrank by $102.7 million due to repayments [7] - Deposit mix shifted, with a decline in certificates of deposit by $251.5 million and an increase in money market accounts by $56.4 million [8] Future Outlook - Management highlighted ongoing efforts to grow construction and cooperative building lending segments, with over $636 million in outstanding unfunded commitments as of June 30, 2025 [10] - Investors should monitor trends in deposit flows, funding costs, and construction lending performance moving forward [11]

Financial Data and Key Metrics Changes - The company reported distributable earnings of $57.3 million or $0.28 per share, and $0.31 per share excluding one-time realized losses from the sale of two REO assets [19][12] - The return on equity (ROE) for the first quarter was approximately 10% [19] - The company anticipates distributable earnings guidance of $0.30 to $0.35 per quarter for 2025 [19][12] Business Line Data and Key Metrics Changes - The balance sheet lending platform originated $370 million in new bridge loans during the first quarter, with a target of $1.5 billion to $2 billion for 2025 [13][14] - The agency business had a slow first quarter, producing $6 million in originations and $731 million in loan sales, maintaining strong margins of 1.75% [25] - The investment portfolio grew to $11.5 billion at March 31, with an all-in yield of 7.85% [26] Market Data and Key Metrics Changes - The company experienced a significant backup in long-term rates, creating headwinds for originations [7][8] - The delinquency rate decreased by 20% to $654 million as of March 31, compared to $819 million at December 31 [22] - The average cost of debt decreased to approximately 6.82% at March 31 from 6.88% at December 31 [28] Company Strategy and Development Direction - The company is focused on resolving REO assets and delinquencies, viewing 2025 as a transitional year [18][12] - The strategy includes leveraging efficiencies in the securitization market and maintaining strong banking relationships to drive future earnings [5][7] - The company aims to reposition underperforming assets to increase occupancy and net operating income (NOI) over the next 12 to 24 months [11][12] Management's Comments on Operating Environment and Future Outlook - Management noted that the current economic environment is characterized by volatility and uncertainty, particularly regarding interest rates [8][9] - There is optimism about potential rate reductions, which could positively impact agency volumes and earnings [9][12] - The management believes that the company is well-positioned to grow earnings and dividends again in 2026 if current challenges are addressed [12][18] Other Important Information - The company has successfully modified $38 million of loans and brought $39 million of loans back to performing status [10] - The company expects REO assets to increase to between $400 million and $500 million, with plans to aggressively manage and reposition these assets [52][54] - The book value at the end of the quarter was reported at $11.98 [77] Q&A Session Summary Question: What is the outlook for the Bridge portfolio growth in 2025? - Management expects net growth in the Bridge portfolio, targeting $1.5 billion to $2 billion in new business, with runoff projected between $1.5 billion to $3 billion depending on interest rates [32][33] Question: What were the primary weaknesses in the 2022 and 2023 vintages? - Management indicated that the multifamily sector experienced a long period of growth without corrections, leading to poor performance due to rising rates, economic vacancy issues, and increased competition from inexperienced entrants [39][41] Question: What is the current liquidity situation and expectations for NPLs and REO? - The company has $325 million in cash and liquidity, with expectations for REO to rise to between $400 million and $500 million, while NPLs are projected to decrease as assets are repositioned [48][54] Question: How much of the reported income was non-cash? - The company reported $15.3 million of PIK (payment-in-kind) interest during the quarter, which is a moving number based on loan modifications and performance [66] Question: What is the company's stance on stock buybacks? - Management emphasized the importance of liquidity and will evaluate stock buybacks based on market conditions and opportunities for capital growth [78]

Financial Data and Key Metrics Changes - The company reported distributable earnings of $57.3 million or $0.28 per share, and $0.31 per share excluding one-time realized losses from the sale of two REO assets [19] - The return on equity (ROE) for the first quarter was approximately 10% [19] - The company anticipates a quarterly distributable earnings guidance of $0.30 to $0.35 for 2025 [19] Business Line Data and Key Metrics Changes - The balance sheet lending platform originated $370 million in new bridge loans during the first quarter, with a full-year guidance of $1.5 billion to $2 billion [12][13] - The agency business had a slow first quarter, producing $6 million in originations and $731 million in loan sales, maintaining strong margins of 1.75% [25] - The investment portfolio grew to $11.5 billion at March 31, with an all-in yield of 7.85% [26] Market Data and Key Metrics Changes - The company experienced a reduction in delinquencies, down 20% to $654 million at March 31 compared to $819 million at December 31 [22] - The average yield on core investments decreased to 8.15% from 8.52% due to a reduction in the average SOFR rate [26] - The overall net interest spread in core assets decreased to 1.26% from 1.44% [28] Company Strategy and Development Direction - The company is focused on resolving REO assets and delinquencies, viewing 2025 as a transitional year to set up for growth in 2026 [18] - The company plans to leverage efficiencies in the securitization market to drive higher returns on capital [6][18] - The strategy includes repositioning underperforming assets to improve occupancy and net operating income (NOI) [11] Management's Comments on Operating Environment and Future Outlook - Management noted significant uncertainty and volatility in the interest rate environment, impacting the ability to predict future performance [8] - The company expects continued challenges in the short term due to the drag on earnings from REO assets and delinquencies [12] - If interest rates decrease, it could positively impact the company's ability to convert non-interest earning assets into income-producing investments [11] Other Important Information - The company has successfully modified $38 million of loans and brought $39 million of loans back to full performance [10] - The company took back $197 million of REO assets in the first quarter, with expectations to increase REO assets to between $400 million and $500 million [52] - The company has managed to deleverage its business by 30%, reducing the leverage ratio to 2.8:1 [29] Q&A Session Summary Question: Outlook for the Bridge Loan Portfolio - Management expects net growth in the bridge loan portfolio in 2025, targeting $1.5 billion to $2 billion in new business [32][34] Question: Reasons for Poor Performance in Previous Vintages - Management attributed poor performance to a combination of market corrections, economic factors, and inexperienced management in the multifamily sector [40][42] Question: Liquidity and NPLs Expectations - The company currently has $325 million in cash and liquidity, with expectations for NPLs to decrease as they work through the REO assets [48][54] Question: Non-Cash Income and Interest - The company reported $15.3 million of non-cash interest during the quarter, which is a moving number based on loan modifications [65][66] Question: Interest Rate Environment - Management discussed the impact of interest rates on business performance, noting that lower rates could enhance earnings potential [72][74]

Financial Data and Key Metrics Changes - The company reported a net loss of $2.7 million or 13¢ per diluted share for Q1 2025, similar to the prior quarter, but showed a meaningful improvement in net interest income [9][10] - Net interest income increased by $1.3 million or 13.4%, driven by a 27 basis point expansion in net interest margin [9][10] - Tangible book value per share increased to $14.81, up 7¢ from the prior quarter [6] Business Line Data and Key Metrics Changes - Loan production totaled $90 million during the quarter with a weighted average yield of approximately 7.1% [5] - The company achieved 3% loan growth, with $44 million in deposit growth and a 14 basis point reduction in the cost of deposits [4] - The loan portfolio included $33 million in commercial real estate loans, $9 million in residential mortgages, and $7 million in construction loans [5] Market Data and Key Metrics Changes - Deposits increased by $43.9 million or 3.2%, with core deposit count growing by $24.4 million or 3.8% [13][14] - The company maintained a strong liquidity position with $413 million in untapped borrowing capacity and $28 million in liquidity from unencumbered available-for-sale securities and unrestricted cash [7] Company Strategy and Development Direction - The strategic priorities for 2025 focus on driving loan growth, maintaining strong credit quality, and diversifying low-cost funding sources [3] - The company is emphasizing higher-yielding asset classes and portfolio diversification to enhance earnings and long-term franchise value [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the momentum of lending and deposit gathering activities, despite reporting a net loss [4] - The company expects additional margin expansion of 5 to 10 basis points in the second quarter [18] - Management highlighted the importance of maintaining expense discipline while anticipating operating expenses to remain in the high $13 million to low $14 million range [11] Other Important Information - The company repurchased 464,000 shares at a weighted average price of $9.52, enhancing shareholder value [6] - Nonperforming assets increased slightly but remain low at 27 basis points of total assets [15] Q&A Session Summary Question: Margin for the quarter - Management expects margin expansion of 5 to 10 basis points in the second quarter [18] Question: Loan maturities and resets - Approximately $220 million in loans will mature or reprice within 2025, with yields just shy of 7% [19] Question: Deposit rates and margin expansion - The company has room to lower rates on core deposits as they transition from CDs [21] Question: Unsecured consumer loans - The yield on unsecured consumer loans is around 7%, and they come with credit reserves [24] Question: Future loan purchases - The company will consider additional loan purchases to augment organic growth but does not have a set cap on this strategy [26] Question: Expense outlook - Additional bankers may be hired to support organic loan growth, impacting expenses [41] Question: Share buyback program - The company plans to continue executing the share buyback program while being mindful of capital deployment [53]