EARNINGS PRESENTATION SECOND QUARTER 2025 2025 Cautionary Notice Regarding Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning, and protections, of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, without limitation, statements about future financial and operating results, cost savings, enhanced revenues, economic and seasonal conditions in the Company's markets, and improve ...

Q2 Earnings Presentation July 24, 2025 Q2 2025 financial highlights Key Metrics Highlights $100.2 million Net income *Non-GAAP Financial Measure. 1CET1 ratio as of June 30, 2025 is preliminary. 2 DO NOT REFRESH Complementary Color Palette 000 / 000 / 051 Body text 074 / 075 / 076 $81.7 million Operating net income* | $0.50 | $0.41 | | --- | --- | | Diluted EPS | Diluted operating EPS* | | 3.59% | 1.48% | | NIM* | Total deposit cost | | 0.30% | 0.00% | | NPLs / total loans | NCOs / avg. loans | | $0.13 per s ...

Investor Presentation H o r i z o n B a n c o r p , I n c . ( N A S D A Q : H B N C ) S e c o n d Q u a r t e r E n d e d J u n e 3 0 , 2 0 2 5 J u l y 2 4 , 2 0 2 5 Beyond ordinary banking Important Information Forward-Looking Statements This press release may contain forward–looking statements regarding the financial performance, business prospects, growth and operating strategies of Horizon Bancorp, Inc. and its affiliates (collectively, "Horizon"). For these statements, Horizon claims the protection of ...

Second Quarter Performance Highlights Net Income: Net income for the quarter ended June 30, 2025 totaled $2.4 million or $0.33 per diluted share (including Series A preferred shares).Pre-Provision Net Revenue: Pre-provision net revenue was $5.7 million resulting in a return on average assets of 1.04% for the quarter ended June 30, 2025 which was the highest level since the first quarter of 2023.Net Interest Income: Net interest income was $14.8 million for the quarter ended June 30, 2025, an increase of $0. ...

Core Insights - Hanover Community Bank has opened its tenth branch in Port Jefferson, New York, marking a significant step in its strategic growth and commitment to serving the Long Island region [1][4] - The new branch offers a full range of commercial banking services and robust consumer banking services, catering to both businesses and individual consumers [2][4] Company Expansion - The Port Jefferson branch is strategically located to serve the thriving Suffolk County area and is Hanover Bank's second branch in this county [2][4] - This expansion is part of Hanover Bank's broader strategy to deliver tailored, community-focused financial support across Long Island and the New York metropolitan area [4] Services Offered - The new branch provides commercial lending, treasury management, cash flow solutions, checking and savings accounts, personal loans, and digital banking tools [2][4] - Hanover Bank emphasizes a relationship-focused banking approach, aiming to empower local residents and businesses while contributing to long-term economic development [3][4] Community Engagement - The bank is committed to hiring professionals from the communities it serves, reinforcing its dedication to understanding local needs [5] - A formal Grand Opening event will be held to engage with business leaders, residents, and community stakeholders [6] Company Background - Hanover Bancorp, Inc. is the holding company for Hanover Community Bank, which focuses on personalized and efficient banking services [7] - The bank offers a complete suite of financial products, including multi-family and commercial mortgages, residential loans, and business lines of credit [7]

Company Overview - First Interstate BancSystem Inc (NASDAQ: FIBK) operates in the western and north-central United States, providing a variety of financial services including checking and savings accounts, time deposits, and loans for commercial, construction, and residential purposes [1]. Analyst Background - The analyst has over five years of experience in the Australian Banking industry, focusing on bank stocks and equity markets, aiming for safe yet substantial returns of over 10% per annum [1]. Investment Philosophy - The investment strategy emphasizes a balanced approach to risk and reward, particularly within the often-overlooked banking sector, which is seen as having significant potential [1]. Community Engagement - The analyst aims to enhance investor awareness and understanding of the banking sector through analysis and writing on Seeking Alpha, fostering a community of knowledgeable investors [1].

Financial Data and Key Metrics Changes - The company reported distributable earnings (DE) of $156 million or $0.45 per share, while GAAP net income was $112 million or $0.33 per share [5] - The company committed $2.3 billion towards new investments, marking the highest quarter in nearly three years [5] - The overall loan book grew by $859 million, reaching $14.5 billion at quarter end [6][23] - The CECL reserve decreased by $26 million to $456 million, representing 4.2% of the lending and REO portfolios [9] Business Line Data and Key Metrics Changes - Commercial and residential lending contributed DE of $179 million or $0.51 per share, with $1.4 billion of loans originated [6] - The residential lending portfolio ended the quarter at $2.4 billion, with repayments at par [10] - The investing and servicing segment contributed DE of $50 million or $0.14 per share, with a servicing portfolio of $9.6 billion [12] - Infrastructure lending saw a record commitment of $677 million, with a portfolio of $2.8 billion at quarter end [13] Market Data and Key Metrics Changes - The company noted that the CMBS single asset single borrower market has pulled back, creating opportunities for well-capitalized lenders [16] - The company has seen a significant increase in debt and equity deals in the market, with 50% more deals compared to the same period last year [16] - The company expects to maintain a strong origination pace, with over $1 billion already closed in the first month of the second quarter [16] Company Strategy and Development Direction - The company aims to achieve investment grade status and grow all investment segments, including exploring acquisitions in the residential credit space [29][36] - The focus is on three investment themes: data centers, Europe, and multifamily assets, with 70% of Q1 equity in data centers [22] - The company plans to leverage its strong balance sheet and liquidity to capitalize on market opportunities [44] Management's Comments on Operating Environment and Future Outlook - Management anticipates a weakening economy but believes it will lead to lower interest rates, which could benefit the property segment [32] - The company is optimistic about transaction volumes re-accelerating and sees a favorable environment for capital deployment [33][34] - Management highlighted the importance of maintaining a disciplined growth strategy, avoiding unnecessary risks while capitalizing on opportunities [82] Other Important Information - The company has a current liquidity of $1.5 billion, excluding potential liquidity from asset sales and refinancings [14] - The adjusted debt to undepreciated equity ratio ended the quarter at 2.25x, indicating a strong capital position [15] - The company has over $650 million in reserves for its CRE lending book, which is expected to lead to lower reserves and higher earnings in the future [24] Q&A Session Summary Question: Progress on resolving nonperforming loans - Management indicated progress on resolving nonperforming loans, with expectations to sell certain apartment deals at their basis this year [49] Question: Opportunities in residential credit - Management acknowledged the potential in residential credit and is exploring opportunities to re-enter the market, including the possibility of acquiring an originator [70] Question: Corporate M&A outlook - Management expressed optimism about potential M&A activity in the sector, noting that some companies may be under pressure to consolidate [76] Question: Timing of loan closings and interest income - Management expects an increase in interest income in Q2 due to a strong pipeline and significant loan closings at the end of Q1 [80] Question: Subordinate debt opportunities - Management indicated plans to explore opportunities in subordinate debt, including originating mezzanine loans and participating in B pieces [84]

Core Insights - New York Mortgage Trust, Inc. reported a net income of $30.285 million for the first quarter of 2025, translating to a basic earnings per share of $0.33, a significant recovery from a net loss of $68.34 million in the same period of the previous year [2][37][41] - The company achieved an economic return on book value of 3.13% and an economic return on adjusted book value of 2.71% for the quarter [2][4] - The company completed the issuance of $82.5 million in senior notes, raising approximately $79.3 million in net proceeds, which will support its investment activities [6] Financial Performance - Interest income for the quarter was reported at $129.734 million, up from $83.892 million year-over-year, while interest expense increased to $96.636 million from $66.029 million [37][41] - The net interest income for the quarter was $33.098 million, compared to $17.863 million in the same quarter of the previous year [37][41] - The yield on average interest-earning assets was 6.47%, with a net interest spread of 1.32% [2][23] Investment Activities - The company purchased approximately $1.5 billion in Agency RMBS with an average coupon of 5.35% and $396.8 million in residential loans with an average gross coupon of 9.33% [7] - Two securitizations of residential loans were completed, resulting in net proceeds of approximately $326.3 million [8] - The company repurchased 231,200 shares of its common stock for a total cost of approximately $1.5 million, averaging $6.50 per share [9] Capital Allocation - As of March 31, 2025, the total investment portfolio carrying value was $8.270581 billion, with significant allocations in residential loans and investment securities [11] - The company reported total assets of $10.004055 billion, an increase from $9.217282 billion at the end of the previous year [35] Management Commentary - The CEO highlighted that the increased investment activity in the first quarter was a response to more attractive market conditions, leading to a substantial boost in earnings [10] - The management believes that the strengthened balance sheet will provide flexibility to capitalize on market dislocations and further grow earnings throughout the year [11]