NatWest Group (NYSE:NWG) Q3 2025 Earnings Call October 24, 2025 04:00 AM ET Company ParticipantsPaul Thwaite - CEOGuy Stebbings - Executive Director of Banks Equity ResearchKatie Murray - CFOConference Call ParticipantsSheel Shah - Senior AnalystAndrew Coombs - Managing Director and Senior Equity Research AnalystJonathan Pierce - Equity AnalystArman Rakhar - AnalystRobert Noble - Banks AnalystChris Kent - AnalystEd Firth - Managing Director and Senior Equity Research AnalystBenjamin Cavan Roberts - AnalystA ...

NatWest Group (NYSE:NWG) Q3 2025 Earnings Call October 24, 2025 04:00 AM ET Company ParticipantsPaul Thwaite - CEOGuy Stebbings - Executive Director of Banks Equity ResearchKatie Murray - CFOConference Call ParticipantsSheel Shah - Senior AnalystAndrew Coombs - Managing Director and Senior Equity Research AnalystJonathan Pierce - Equity AnalystArman Rakhar - AnalystRobert Noble - Banks AnalystChris Kent - AnalystEd Firth - Managing Director and Senior Equity Research AnalystBenjamin Cavan Roberts - AnalystA ...

Core Viewpoint - Simmons First National Corporation (SFNC) is expected to report an increase in third-quarter 2025 earnings and revenues compared to the same quarter last year, driven by higher net interest income and improved lending activity, despite lower non-interest income impacting overall results [1][9]. Earnings Performance - SFNC has a solid earnings surprise history, outperforming the Zacks Consensus Estimate in three of the last four quarters, with an average beat of 1.44% [2]. Factors Influencing Q3 Earnings - The Federal Reserve's recent interest rate cut of 25 basis points to 4.00-4.25% is likely to have stabilized funding and deposit costs, supporting growth in net interest income (NII) for SFNC [3]. - The Zacks Consensus Estimate for NII is projected at $184.9 million, reflecting a 7.7% increase from the previous quarter [4]. Non-Interest Revenues - Mortgage rates have declined significantly during the third quarter, leading to decent refinancing activity and origination volumes, which is expected to boost SFNC's mortgage income [5]. - The consensus estimate for mortgage lending income is $1.8 million, indicating a 3.6% increase from the prior quarter [6]. - Wealth management fees are estimated at $38.2 million, a rise of 16.5% from the previous quarter, while debit and credit card fees are projected at $34.3 billion, reflecting a 4.3% increase [6]. - Total non-interest income is estimated at $176.8 billion, showing a marginal increase from the prior quarter [7]. Asset Quality - SFNC is expected to maintain a modest reserve for potential delinquent loans, particularly in light of anticipated interest rate cuts and the impact of tariffs on inflation [8]. - The Zacks Consensus Estimate for non-performing assets is $160.3 million, indicating a 3.9% decrease from the previous quarter [9]. Earnings Estimates - The consensus estimate for third-quarter earnings is 48 cents per share, representing a 29.7% increase from the year-ago figure, while revenues are expected to reach $228.9 million, a 30.9% rise from the same period last year [11].

Wells Fargo is expected to report a 4% increase in revenues year-over-year, with projected revenue of approximately $21.1 billion.The company's net interest income (NII) is anticipated to rise by 2.9% year-over-year to $12.03 billion, driven by consistent lending and stable funding costs.Non-interest income is projected to grow by 4.5% year-over-year, supported by higher fees and robust investment banking gains.Wells Fargo & Company, trading on the NYSE:WFC, is a major player in the financial services indus ...

Core Viewpoint - Independent Bank Corporation is set to release its third quarter results for 2025 on October 28, 2025, at 8:00 am ET, with a conference call scheduled for 11:00 am ET on the same day to discuss the results [1][2]. Company Overview - Independent Bank Corporation, listed on NASDAQ as IBCP, is a Michigan-based bank holding company with total assets of approximately $5.4 billion [4]. - The company operates through a state-chartered bank subsidiary, providing a full range of financial services including commercial banking, mortgage lending, investments, insurance, and title services [4]. - Founded in 1864 as First National Bank of Ionia, the company emphasizes exceptional personal service and value to its customers, stockholders, and communities [4]. Conference Call Details - The conference call for investors and analysts will be led by President and CEO Brad Kessel, CFO Gavin Mohr, and EVP of Commercial Banking Joel Rahn [2]. - Participants can join the live call by dialing 1-833-470-1428 with access code 362565, or through an audio webcast available at a specified URL [2]. - A playback of the call will be accessible by dialing 1-866-813-9403 with access code 783472, available until November 4, 2025 [3].

Group 1 - M&T Bank Corporation (MTB) is recognized as one of the 11 Cheap Quarterly Dividend Stocks to buy currently [1] - The company operates as a regional lender with a strong presence in community, commercial, and retail banking, offering services such as mortgage lending and consumer finance [2] - Recent priorities for MTB include regulatory compliance, disciplined capital and liquidity management, risk oversight, and growing fee-based income [3] Group 2 - M&T Bank declared an 11% increase in its quarterly dividend to $1.50 per share, marking the ninth consecutive year of dividend growth [4] - As of September 23, the stock has a dividend yield of 2.99% [4]

Core Insights - Zacks Premium provides tools for investors to enhance their stock market engagement and confidence [1] - The service includes daily updates on Zacks Rank, Zacks Industry Rank, and various stock research reports [1][2] Zacks Style Scores - Zacks Style Scores rate stocks based on value, growth, and momentum, serving as complementary indicators to the Zacks Rank [3] - Stocks are rated from A to F, with A indicating the highest potential for market outperformance [4] Value Score - The Value Score identifies attractive stocks using financial ratios like P/E and Price/Sales, focusing on undervalued opportunities [4] Growth Score - The Growth Score assesses a company's financial health and future outlook, emphasizing long-term sustainable growth [5] Momentum Score - The Momentum Score helps investors capitalize on price trends, utilizing recent price changes and earnings estimate shifts [6] VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive assessment of stocks based on value, growth, and momentum [7] Zacks Rank - The Zacks Rank uses earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks averaging a +23.64% annual return since 1988 [8] - There are over 800 stocks rated 1 or 2, making it essential to use Style Scores for selection [9] Stock to Watch: Webster Financial (WBS) - Webster Financial Corporation is rated 3 (Hold) with a VGM Score of B, providing various banking and financial services [12] - The stock has a Momentum Style Score of B, with a 7% increase in shares over the past four weeks [13] - Analysts have raised earnings estimates for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.17 to $5.86 per share [13]

Core Points - Independent Bank Corporation reported a net income of $16.9 million, or $0.81 per diluted share, for the second quarter of 2025, a decrease from $18.5 million, or $0.88 per diluted share, in the same period last year [1][2][30] - The company experienced a 9.0% annualized increase in loans, while core deposits decreased by 1.4% due to seasonality [2][4] - Net interest income rose to $44.6 million, marking a 7.9% increase year-over-year and a 2.1% increase from the previous quarter [3][30] - The net interest margin improved to 3.58%, up from 3.40% in the prior year [3][32] - Non-interest income decreased to $11.3 million from $15.2 million in the prior year, primarily due to a lack of gains on equity securities [6][30] - The provision for credit losses was $1.5 million, compared to $0.02 million in the same quarter last year [13][30] - Total assets increased to $5.42 billion, with loans at $4.16 billion and deposits at $4.66 billion [14][15][30] - The company maintained strong credit metrics, with non-performing assets at 0.16% of total assets and a low net charge-off rate of 0.02% [11][13] - Shareholders' equity rose to $469.3 million, representing 8.66% of total assets, with tangible common equity at $21.23 per share [16][30] - The company authorized a share repurchase plan for up to 1,100,000 shares, with 252,276 shares repurchased for $7.36 million during the first half of 2025 [18][30] Financial Performance - Net interest income for the second quarter of 2025 was $44.6 million, an increase of $3.3 million from the previous year [3][30] - Non-interest expenses totaled $33.8 million, slightly up from $33.3 million in the prior year [9][30] - The company recorded a net income of $16.9 million for the quarter, reflecting a decrease from the previous year's $18.5 million [1][30] - The efficiency ratio improved to 59.67% from 62.20% in the previous quarter [32] Asset Quality - Total non-performing loans amounted to $8.2 million, with a ratio of non-performing loans to total portfolio loans at 0.20% [11][30] - The allowance for credit losses was 1.47% of total loans, indicating strong coverage for potential losses [13][30] Capital and Liquidity - The company reported total shareholders' equity of $469.3 million, with a tangible common equity ratio of 8.16% [16][30] - Independent Bank remains significantly above "well capitalized" standards for regulatory purposes [17][30] - The company had unused credit lines of approximately $1.02 billion with the FHLB and $484.6 million with the FRB [17][30]

Core Viewpoint - Zacks Investment Research has initiated coverage of Blue Ridge Bankshares, Inc. (BRBS) with an "Outperform" recommendation, indicating a positive outlook on the company's recovery and cost management efforts [1] Company Overview - Blue Ridge Bankshares, based in Richmond, VA, operates as a bank holding company providing a range of services including commercial and consumer banking, mortgage lending, and investment services through its subsidiary, Blue Ridge Bank, National Association, and BRB Financial Group, Inc. As of December 31, 2024, BRBS had 27 full-service branches in Virginia and central North Carolina [2] Financial Health - The capital profile of Blue Ridge Bankshares has improved significantly due to equity raises and balance sheet adjustments, with tangible common equity at 12.5% and a total risk-based capital ratio of 20.83%, exceeding regulatory requirements [3] - The company has achieved a nearly $10 million year-over-year reduction in non-interest expenses and is focusing on community banking by exiting non-core business lines, which is expected to drive future growth [4] Operational Performance - Blue Ridge Bankshares has seen a rebound in its net interest margin, which increased to 2.90% from 2.75% the previous year, alongside strong liquidity, with available resources covering over 180% of uninsured deposits [4] - The stock has outperformed industry peers and the broader market over the past year, reflecting recognition of the company's operational improvements and enhanced fundamentals [6] Market Positioning - The modest market capitalization of Blue Ridge Bankshares is $358.3 million, and the company is positioned in a promising yet risky segment of the market, with ongoing regulatory and profitability challenges [7]

Company Performance - Wells Fargo (WFC) ended the latest trading session at $74.16, reflecting a +1.17% adjustment from the previous day's close, outperforming the S&P 500 which gained 1.12% [1] - Over the last month, Wells Fargo's shares have decreased by 7.76%, underperforming the Finance sector's loss of 1.89% and the S&P 500's loss of 4.13% [1] Upcoming Earnings Report - The upcoming earnings report for Wells Fargo is expected to show an EPS of $1.24, down 1.59% from the prior-year quarter, with a projected revenue of $20.89 billion, reflecting a 0.14% rise from the equivalent quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, Zacks Consensus Estimates predict earnings of $5.87 per share and revenue of $85.17 billion, indicating changes of +9.31% and +3.5% respectively from the previous year [3] Analyst Estimates and Stock Performance - Recent changes in analyst estimates for Wells Fargo suggest optimism regarding the company's business and profitability, with positive alterations indicating favorable near-term business trends [3][4] Zacks Rank and Performance - Wells Fargo currently holds a Zacks Rank of 1 (Strong Buy), with a notable track record of outperforming, as stocks rated 1 have produced an average annual return of +25% since 1988 [5] - Over the past month, there has been a 0.65% rise in the Zacks Consensus EPS estimate for Wells Fargo [5] Valuation Metrics - Wells Fargo is trading at a Forward P/E ratio of 12.48, which is a discount compared to the industry's average Forward P/E of 13.26 [6] - The company has a PEG ratio of 1.1, compared to the Financial - Investment Bank industry's average PEG ratio of 1.08 [6] Industry Overview - The Financial - Investment Bank industry, part of the Finance sector, holds a Zacks Industry Rank of 3, placing it in the top 2% of all 250+ industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]