Summary of Citizens Financial Group Conference Call Company Overview - **Company**: Citizens Financial Group (NYSE: CFG) - **Date**: February 10, 2026 - **Key Speakers**: Don McCree (Chair of Commercial Banking), Ted Swimmer (Head of Commercial Banking) Key Points Company Evolution and Strategy - Citizens Financial Group has evolved significantly since its IPO, focusing on building a comprehensive commercial banking platform that includes leveraged finance, industry verticals, and boutique M&A acquisitions [5][6][12] - The bank has expanded its geographical reach beyond the Mid-Atlantic and New England to include Florida, California, and New York City, enhancing its middle-market banking capabilities [9][10] - The strategy includes a focus on private equity and capital markets, with investments in Treasury Solutions and Merchant Services, positioning the bank as a dominant player in these sectors [11][12][15] Market Outlook - The bank anticipates a positive trajectory for 2026, with signs of increased M&A activity and a more favorable banking environment compared to the previous sluggish years [14][15] - There is a narrowing bid-ask spread in the market, indicating that transactions are expected to increase in 2026, particularly for top-tier companies [22][25] - Citizens Financial Group is optimistic about its pipelines, indicating a strong potential for growth in capital markets and advisory revenues [36][38] Private Equity and Capital Markets - The bank has shifted its approach to view relationships with private equity firms holistically, providing comprehensive services that include financing, equity, and advisory [27][30] - The acquisition of JMP in 2021 has enhanced the bank's capabilities in equity research and private capital, allowing it to better serve clients in the growing private equity market [77][78] Expansion Markets - Citizens is strategically expanding into Florida, California, and New York, leveraging its brand and comprehensive service offerings to attract middle-market companies seeking more robust banking solutions [81][89] - The bank's approach in California focuses on new economy sectors, filling the void left by other banks, and emphasizing its private banking capabilities [89][90] Financial Performance and Projections - The bank expects loan growth of 3%-5% for the year, driven by increased utilization of revolvers and participation in M&A transactions [96][97] - Citizens Financial Group is focused on optimizing its balance sheet by reallocating resources to higher-return opportunities and leveraging AI for operational efficiency [16][17] Risk Management - The bank is monitoring sectors such as retail and biotech for potential risks but currently does not see significant concerns in its portfolio [99][100] - Regulatory changes and market volatility are ongoing considerations, but the bank feels well-positioned to navigate these challenges [105][106] Conclusion - Citizens Financial Group is poised for growth in 2026, with a strong focus on executing its strategies in private equity, capital markets, and expansion into new markets. The bank aims to leverage its comprehensive service offerings and industry expertise to capture a larger share of the market [110][112]

Core Viewpoint - Texas Capital Bancshares reported strong third-quarter earnings, surpassing expectations and showing significant year-over-year improvements in net income and revenues, driven by increased net interest income and a decline in expenses [2][3][4]. Financial Performance - Earnings per share for Q3 2025 reached $2.18, exceeding the Zacks Consensus Estimate of $1.77 and up from $1.59 in the same quarter last year [2]. - Net income available to common shareholders was a record $100.9 million, compared to a net loss of $65.6 million in the prior-year quarter [3]. - Total quarterly revenues increased by 11.6% year over year to $340.4 million, surpassing the Zacks Consensus Estimate by 4.7% [4]. Revenue Breakdown - Net interest income (NII) was $271.8 million, reflecting a 13.2% year-over-year increase, primarily due to higher average earning assets and lower funding costs [4]. - Non-interest income rose by 5.8% year over year to $68.6 million, driven by increased service charges and trading income [5]. Expense Management - Non-interest expenses decreased by 2.4% year over year to $190.6 million, attributed to reductions in salaries, occupancy, and marketing expenses [6]. Loan and Deposit Growth - Total average loans held for investment increased by 1.1% sequentially to $24.2 billion, while total deposits rose by 5.5% sequentially to $27.5 billion [7]. Credit Quality - Total non-performing assets increased by 8% to $96.1 million from the prior-year quarter, with provisions for credit losses declining by 20% to $12 million [8]. Capital Ratios - Tangible common equity to total tangible assets improved to 10.3% from 9.7% in the year-ago quarter [9]. - The leverage ratio was 11.9%, up from 11.4% a year earlier, and the common equity tier one ratio rose to 12.1% from 11.2% [10]. Future Outlook - The company anticipates low-double-digit percentage growth in total adjusted revenues for 2025, with adjusted non-interest revenues expected to be $270 million [11]. - Management expects fee income to range between $230-$235 million in 2025, with a significant contribution from investment banking [11][13]. - The bank aims to increase non-interest income's contribution to total revenues from 11% in 2020 to 15-20% by 2025 [14]. Industry Comparison - Texas Capital operates within the Zacks Banks - Southwest industry, where BOK Financial reported revenues of $548.35 million, reflecting a year-over-year increase of 6.2% [21].

November 2025 R: 0 G: 62 B: 41 R: 1 G: 39 B: 26 R: 254 G: 109 B: 18 R: 255 G: 255 B: 255 Priority Technology Holdings, Inc. (Nasdaq: PRTH) Supplemental Slides: Q3 2025 Earnings Call R: 231 G: 229 B: 170 R: 166 G: 166 B: 166 R: 117 G: 209 B: 208 R: 131 G: 201 B: 126 R: 37 G: 37 B: 37 Disclaimer Important Notice Regarding Forward-Looking Statements and Non-GAAP Measures This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such stat ...