Key Takeaways ABR is slated to report Q4 earnings on Feb. 27, with EPS estimated to be 21 cents.Net interest income is projected to be $219.5M, down 8.8% year over year.Mortgage servicing and gain-on-sale revenues are expected to have declined year over year.Arbor Realty Trust (ABR) is slated to report fourth-quarter 2025 results on Feb. 27, 2026. The company is likely to have registered year-over-year declines in interest income and earnings.In the last reported quarter, this New York-headquartered real es ...

Group 1 - The Federal Reserve cut its key interest rate by 25 basis points, placing the overnight borrowing rate in the 3.5%-3.75% range [1] - Experts believe that mortgage rates are influenced by various factors beyond interest rate decisions, including tariffs, inflation, and stagnant wages [2] - The Mortgage Bankers Association reported a 3.8% decline in total mortgage application volume for the week ending December 12 compared to the previous week [4] Group 2 - Financial experts predict that mortgage rates will not change significantly in 2026, with minimal rate cuts expected [5] - The recent Fed meeting saw a non-unanimous vote, indicating a lack of alignment among board members regarding interest rate decisions [5] - As of December 19, the average interest rate for a 30-year fixed-rate conventional loan was 6.208%, reflecting a slight decrease of 0.04% from the previous week [5]

Core Viewpoint - Oma Savings Bank Plc reported a decline in profits for the year 2025, with significant changes in risk management and operational processes, while aiming for stable growth despite a challenging economic environment [2][15]. Financial Performance - The comparable profit before taxes for Q4 2025 was EUR 17.2 million, down from EUR 27.9 million in Q4 2024, reflecting a 39% decrease [3][20]. - For the full year 2025, the comparable profit before taxes was EUR 56.9 million, a decline of 34% from EUR 86.7 million in 2024 [17][23]. - Net interest income fell by 26.3% in Q4 2025 to EUR 37.5 million, and decreased by 20.9% for the full year [5][18]. Cost Management - The cost-to-income ratio for Q4 2025 was 63.9%, up from 52.9% in Q4 2024, indicating increased operational costs [19][20]. - Comparable operating expenses decreased by 5.7% in Q4 2025, totaling EUR 30.5 million, but personnel expenses rose by 16.8% [4][19]. - Total operating expenses for the year increased by 10.9%, with personnel expenses rising by 28.5% [19]. Loan and Deposit Portfolio - The mortgage loan portfolio decreased by 3.2% over the past 12 months, while the SME customer loan portfolio fell by 19.9% [6][17]. - The deposit portfolio also saw a decline of 3.0% over the past year, primarily due to changes in deposits from individual SME customers [7][17]. Impairment and Risk Management - Impairment losses on financial assets decreased by 26.2% in Q4 2025, amounting to EUR -5.6 million, and total impairment losses for the year were EUR -47.1 million [8][19]. - The controlled winding down portfolio related to non-compliance with guidelines decreased from EUR 240 million to EUR 180 million, representing 3.2% of the total loan portfolio by year-end [9][19]. Customer and Employee Satisfaction - Customer satisfaction improved, with the Net Promoter Score (NPS) rising to 40 from 37 in the previous year [10]. - Employee satisfaction was reported at 4.15 out of 5 in the annual survey conducted at the end of 2025 [12]. Capital Position - The total capital ratio strengthened to 19.3% at year-end, up from 15.6% in 2024, indicating a solid capital position [13][20]. - Common Equity Tier 1 (CET1) capital ratio also improved to 18.3% from 14.4% [20]. Strategic Outlook - The company aims to be recognized as a reliable bank combining personal service with operational efficiency, focusing on expanding fee and commission-based business [14]. - For 2026, the company expects a slight decline in comparable profit before taxes, stable cost development, and lower impairment losses compared to 2025 [15][21][23].

Core Insights - Nykredit Group reported its best financial results ever for the fifth consecutive year, achieving a profit after tax of DKK 12.4 billion in 2025, benefiting its customer-owners [1][2] - The strong performance is attributed to growth and increasing market shares across all business areas, alongside high customer satisfaction levels [1][2] - The integration of Nykredit and Spar Nord is progressing well, with plans for IT migration set for Easter 2026, aiming to provide customers with competitive offerings [1][2] Financial Performance - Net interest income increased to DKK 14,232 million in 2025 from DKK 12,018 million in 2024, a rise of DKK 2,214 million [4] - Net fee income rose to DKK 3,651 million, up DKK 908 million from DKK 2,744 million in 2024 [4] - Total income for the Nykredit Group reached DKK 25,242 million, an increase of DKK 3,810 million compared to DKK 21,431 million in 2024 [4] Customer and Market Growth - The Nykredit Group experienced a substantial net inflow of personal and business customers, contributing to the rise in net interest and fee income [1][6] - Bank lending totaled DKK 177 billion, with Spar Nord contributing DKK 64.3 billion; excluding Spar Nord, bank lending increased by 9.1% to DKK 112.7 billion [6] - Wealth management income for the Group was DKK 3,067 million, with a 4.4% increase when excluding Spar Nord [6] Cost and Efficiency - The cost/income ratio for the Nykredit Group was 34.5% excluding extraordinary impacts, and 38.7% including them, indicating a low cost structure [6] - Total costs increased to DKK 9,764 million from DKK 6,964 million in 2024, with DKK 1,002 million attributed to transaction and integration costs related to Spar Nord [4] Future Outlook - For 2026, the Group expects a profit after tax in the range of DKK 10.25-11.25 billion and plans to return DKK 3.5 billion to customers [1][2] - Financial performance is anticipated to be lower than in 2025 due to one-off effects from the acquisition of Spar Nord and market trends [1][2]

Core Insights - Nykredit Group reported its best financial results ever for the fifth consecutive year, achieving a profit after tax of DKK 12.4 billion in 2025, benefiting customers as a customer-owned entity [1][2] - The strong performance is attributed to growth and increasing market shares across all business areas, alongside high customer satisfaction levels [1] - The integration of Nykredit and Spar Nord is progressing well, with plans for IT migration set for Easter 2026, aiming to provide customers with competitive offerings [1] Financial Performance - Net interest income increased to DKK 14,232 million in 2025 from DKK 12,018 million in 2024, a rise of DKK 2,214 million [4] - Net fee income rose to DKK 3,651 million, up DKK 908 million from DKK 2,744 million in 2024 [4] - Total income for the Nykredit Group reached DKK 25,242 million, an increase of DKK 3,810 million compared to DKK 21,431 million in 2024 [4] Customer and Market Growth - The Nykredit Group experienced a substantial net inflow of personal and business customers, contributing to the rise in net interest and fee income [1] - Bank lending increased to DKK 177 billion, with Spar Nord contributing DKK 64.3 billion; excluding Spar Nord, bank lending rose to DKK 112.7 billion, a 9.1% increase from DKK 103.3 billion in 2024 [6] - Wealth management income totaled DKK 3,067 million, with a 4.4% increase when excluding Spar Nord [6] Strategic Initiatives - The company continues to implement its strategy, "Winning the Double 2.0," focusing on partnerships to strengthen its position in the Danish financial market [1] - Totalkredit's mortgage lending grew to DKK 964.5 billion, reflecting a 6.3% increase from DKK 907.5 billion at the end of 2024 [6] - The cost/income ratio, excluding extraordinary impacts, was 34.5%, indicating efficient operations post-acquisition of Spar Nord [6] Future Outlook - For 2026, Nykredit expects a profit after tax between DKK 10.25 billion and DKK 11.25 billion, with anticipated customer benefits payout of DKK 3.5 billion [1] - The financial performance is expected to be lower than in 2025 due to one-off effects related to the acquisition of Spar Nord and market trends [1][2]

Core Insights - Nykredit Group reported its best financial results ever for the fifth consecutive year, achieving a profit after tax of DKK 12.4 billion in 2025, benefiting its customer-owners [1][2] - The strong performance is attributed to growth and increasing market shares across all business areas, alongside high customer satisfaction levels [1][2] - The integration of Nykredit and Spar Nord is progressing well, with plans for IT migration set for Easter 2026, aiming to provide customers with competitive offerings [1][2] Financial Performance - Net interest income increased to DKK 14,232 million in 2025 from DKK 12,018 million in 2024, a rise of DKK 2,214 million [4] - Net fee income rose to DKK 3,651 million, up DKK 908 million from DKK 2,744 million in 2024 [4] - Total income for the Nykredit Group reached DKK 25,242 million, an increase of DKK 3,810 million compared to DKK 21,431 million in 2024 [4] Customer and Market Growth - The Nykredit Group experienced a substantial net inflow of personal and business customers, contributing to increased demand and lending growth [1][2] - Bank lending totaled DKK 177 billion, with Spar Nord contributing DKK 64.3 billion; excluding Spar Nord, bank lending increased by 9.1% to DKK 112.7 billion [6] - Wealth management income for the Group was DKK 3,067 million, with a 4.4% increase when excluding Spar Nord [6] Cost and Efficiency - The cost/income ratio for the Nykredit Group was 38.7%, with a lower ratio of 34.5% when excluding extraordinary impacts related to the acquisition of Spar Nord [6] - Total costs increased to DKK 9,764 million from DKK 6,964 million in 2024, reflecting transaction and integration costs related to Spar Nord [4] Future Outlook - For 2026, the Group expects a profit after tax in the range of DKK 10.25-11.25 billion and plans to pay out DKK 3.5 billion to customers in benefits [1][2] - Financial performance is anticipated to be lower than in 2025 due to one-off effects from the Spar Nord acquisition and market trends [1][2]

Core Insights - Nykredit Group reported its best financial results ever for the fifth consecutive year, achieving a profit after tax of DKK 12.4 billion in 2025, benefiting its customer-owners [1][2] - The strong performance is attributed to growth and increasing market shares across all business areas, alongside high customer satisfaction levels [1][2] - The integration of Nykredit and Spar Nord is progressing well, with plans for IT migration set for Easter 2026, aiming to provide customers with competitive offerings [1][2] Financial Performance - Net interest income increased to DKK 14,232 million in 2025 from DKK 12,018 million in 2024, a rise of DKK 2,214 million [4] - Net fee income rose to DKK 3,651 million, up DKK 908 million from DKK 2,744 million in 2024 [4] - Total income for the Nykredit Group reached DKK 25,242 million, an increase of DKK 3,810 million compared to DKK 21,431 million in 2024 [4] Customer and Market Growth - The Nykredit Group experienced a substantial net inflow of personal and business customers, contributing to the rise in net interest and fee income [1][6] - Bank lending totaled DKK 177 billion, with Spar Nord contributing DKK 64.3 billion; excluding Spar Nord, bank lending increased by 9.1% from DKK 103.3 billion in 2024 to DKK 112.7 billion in 2025 [6] - Wealth management income for the Group was DKK 3,067 million, with a 4.4% increase excluding Spar Nord [6] Cost and Efficiency - The cost/income ratio for the Nykredit Group was 34.5% excluding extraordinary impacts, and 38.7% including Spar Nord and extraordinary impacts, indicating a low cost structure [6] - Total costs increased to DKK 9,764 million in 2025 from DKK 6,964 million in 2024, with transaction and integration costs related to Spar Nord accounting for DKK 1,002 million [4] Future Outlook - For 2026, the Group expects a profit after tax in the range of DKK 10.25-11.25 billion and plans to pay out DKK 3.5 billion to customers in benefits [1][2] - Financial performance is anticipated to be lower than in 2025 due to one-off effects related to the acquisition of Spar Nord and market trends [1][2]

Core Viewpoint - Two Harbors Investment Corp. (TWO) is facing challenges in meeting earnings expectations, with a recent adjusted earnings per share of $0.26, missing the estimated $0.30, and has consistently missed earnings estimates over the last four quarters [1][3]. Financial Performance - TWO reported a GAAP net loss of $1.3 million, or -$0.02 per weighted average basic common share, indicating ongoing financial difficulties [3]. - The company has a price-to-earnings (P/E) ratio of approximately -6.52, reflecting negative earnings over the trailing twelve months [4]. - The price-to-sales ratio stands at about 2.24, suggesting investors are willing to pay $2.24 for every dollar of sales, while the enterprise value to sales ratio is significantly higher at 16.18, indicating a high valuation relative to sales [4]. Debt and Liquidity - TWO has a high debt-to-equity ratio of 4.76, indicating significant reliance on debt financing, which could pose risks if cash flow generation becomes challenging [5]. - The current ratio of 0.94 highlights potential difficulties in covering short-term liabilities with short-term assets [5]. Strategic Developments - A significant development for TWO is the $1.3 billion deal with UWM, which will integrate TWO's $176 billion mortgage servicing rights (MSR) portfolio and the RoundPoint platform [6]. - This merger is anticipated to generate $150 million in synergies, potentially enhancing the company's earnings through reduced funding costs and improved hedging strategies [6].

Core Insights - The bank reported a 48% year-on-year increase in net profit to Rs 503 crore for Q3 FY26, compared to Rs 339 crore in the same period last year [8] - Net interest income (NII) grew by 12% year-on-year to Rs 5,492.4 crore, up from Rs 4,902 crore in the corresponding quarter a year ago [8] - The bank's asset quality showed improvement, with gross non-performing assets (NPAs) ratio decreasing to 1.69% from 1.86% in the previous quarter and 1.94% a year ago [8][7] Financial Performance - Gross NPAs declined to Rs 4,614 crore from Rs 4,841 crore in the previous quarter, while net NPAs rose slightly to Rs 1,427 crore from Rs 1,345.4 crore sequentially [2][8] - Provisions for the quarter decreased by 3.7% sequentially to Rs 1,398 crore from Rs 1,452 crore, indicating an improvement in overall asset quality [5][8] - The bank's net interest margin (NIM) fell to 5.76% from 6% in the same period last year [9] Loan Growth and Segments - Nearly 89% of the year-on-year growth in loans and advances was driven by expansion in mortgage loans, vehicle loans, consumer loans, business banking, and wholesale loans, reflecting broad-based momentum across key lending segments [4][8] - The credit card portfolio expanded, with cards in force reaching 4.3 million during Q3 FY26 [5][8] - The wealth management business experienced a 31% year-on-year growth, with assets under management increasing to Rs 58,957 crore [5][8] Management Commentary - The Managing Director and CEO, V Vaidyanathan, noted strong business momentum across core segments, including lending, deposits, wealth management, and transaction banking [6][8] - He highlighted the improvement in asset quality and anticipated a further decline in the cost of funds due to recent revisions in savings rates, which is expected to support the bank's lending expansion [7][8]

Core Viewpoint - Two Harbors Investment Corp. (TWO) is set to report its fourth-quarter 2025 results on February 2, 2026, after market close, following a history of earnings misses and a recent acquisition agreement with UWM Holdings Corporation valued at $1.3 billion [1][3][9]. Financial Performance - In the last reported quarter, TWO posted earnings available for distribution per share of 36 cents, which was a 10% miss compared to the Zacks Consensus Estimate [1]. - The company has a weak earnings surprise history, missing the Zacks Consensus Estimate in all four trailing quarters with an average negative surprise of 13.34% [2]. - The Zacks Consensus Estimate for fourth-quarter earnings has remained unchanged at 30 cents per share, indicating a year-over-year increase of 50% [10]. Recent Developments - In December 2025, TWO entered into a definitive agreement to be acquired by UWM Holdings Corporation in an all-stock transaction worth $1.3 billion, which will add TWO's $176 billion mortgage servicing rights (MSR) portfolio to UWMC's operations [3][4]. - The acquisition is expected to create nearly $150 million in annual synergies and improve efficiencies in financing, hedging, and secondary market operations [3][4]. Market Conditions - The steady fixed-income markets are likely to have supported asset valuations and improved hedging effectiveness for TWO in the upcoming quarter [5]. - A positively sloped yield curve and a steepening yield curve during the quarter are expected to have contributed to an increase in TWO's book value per share [6]. - The Zacks Consensus Estimate for servicing income in Q4 is pegged at $151.4 million, down 9.1% from the previous quarter, while total interest income is estimated at $90.8 million, indicating a 3% decline from the prior quarter [7][8]. Interest Rates and Funding Costs - Since September 2025, the Federal Reserve has cut interest rates three times, including two reductions in the fourth quarter, which is expected to have lowered funding costs for TWO [9]. - The estimate for net interest income (NII) is pegged at negative $13 million, an improvement from negative $23.5 million reported in the prior quarter [10]. Earnings Prediction - The Zacks model does not predict an earnings beat for TWO this time, as the company lacks a positive Earnings ESP and holds a Zacks Rank of 5 (Strong Sell) [11][12].