November 7-8, 2024 Symbol: FNWD (NASDAQ-Traded) November 2024 Hovde Financial Services Conference November 2024 Important Information Forward-Looking Statements This presentation may contain forward-looking statements regarding the financial performance, business prospects, growth and operating strategies of Finward Bancorp ("FNWD"). For these statements, FNWD claims the protections of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Statement ...

TORONTO, May 22, 2025 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Corporation”) confirmed today that the eight nominees listed in its management information circular (the “Circular”) dated April 22, 2025 were elected as directors at today’s annual meeting of the holders of common shares (“Common Shares”) and mandatory convertible preferred shares, Series E (“Series E Shares”) of ECN Capital (the “Meeting”). There were 210,980,127 Common Shares and 27,450,000 Series E Shares repre ...

Transaction Supports Strategic Focus on Core Operations and Balance Sheet StrengthMURRAY, Utah, May 19, 2025 (GLOBE NEWSWIRE) -- Security National Financial Corporation (NASDAQ: SNFCA), announced the successful conclusion of its lending transaction which facilitated the development of the Arrowhead Ranch residential project located in Payson, Utah. As a result of this transaction Security National realized “profit-split” income of nearly $4,000,000, which was in addition to the over $3,200,000 in interest a ...

First Interstate BancSystem Inc (NASDAQ: FIBK ) trades on NASDAQ and serves communities across the western and north-central United States. It offers checking and savings accounts, time deposits and a range of loans for commercial, construction, residential andHello, my name is Bank Stock Insights. My journey in the finance world began with a degree in Finance and Economics. This academic grounding lead me into the Australian Banking industry, where I have accumulated over five years of hands-on experience. ...

Financial Data and Key Metrics Changes - The commercial loan portfolio reached $10.7 billion, reflecting a 6.5% increase quarter over quarter and a 23% increase year over year [5] - Net interest income totaled $65.3 million, with a net interest margin of 2.36%, remaining resilient and in line with guidance [6][19] - Deposits rose to $5.9 billion, up 8% quarter over quarter and 24% year over year, representing almost 60% of total funding [5][15] - Net income for the quarter was $51.7 million, with a return on equity of 15.4% [7][25] Business Line Data and Key Metrics Changes - The total loan portfolio reached a record $8.7 billion, up 18% year over year and 4% quarter over quarter [10] - The contingency portfolio, including letters of credit and guarantees, grew to nearly $2 billion, up 20% quarter over quarter and 49% year over year [11] - Fee income totaled $10.6 million, up 12% year over year, with letters of credit generating $6.7 million in fees [6][20] Market Data and Key Metrics Changes - Strong performance was noted in Argentina, Mexico, and Guatemala, contributing to the growth of the loan portfolio [5][11] - The bank maintained a strong liquidity position with $1.9 billion in liquid assets, representing 15% of total assets [12] Company Strategy and Development Direction - The company is focused on building a robust and diversified pipeline with long-standing clients, particularly in sectors less exposed to tariff discussions [4] - A proactive commercial execution strategy is in place, supported by close client relationships and deep local market insights [4] - The company aims to maintain its full-year guidance despite global uncertainties, emphasizing prudent execution and long-term value creation [31] Management's Comments on Operating Environment and Future Outlook - The global economic environment has shifted, leading to increased uncertainty and potential impacts on growth forecasts [27] - Latin America remains relatively insulated from direct tariff effects, with opportunities to benefit from shifts in global supply chains [29] - The company is well-positioned to manage exposures and capitalize on arising opportunities, with only 15% of its trade finance portfolio linked to the US [30] Other Important Information - The capital ratio remains strong at above 15%, with a quarterly dividend of $0.0625 per share approved, reflecting confidence in earnings outlook [8][18] - The efficiency ratio improved to 26.9%, down from 29.2% in the prior quarter, indicating effective cost management [22] Q&A Session Summary Question: What is driving the increase in operating costs, and what can be expected going forward? - The increase in costs is mainly due to headcount growth, IT investments, and consulting fees tied to the execution of the strategic plan. The pace of hiring is expected to decelerate moving forward [34][36] Question: Can you comment on the growth in the commercial book and its sustainability? - The off-balance sheet growth was higher than expected, driven by the oil and gas sector in Argentina. The company anticipates continued growth in letters of credit, supported by a robust pipeline [40][45] Question: Can you elaborate on the impact of high volatility on spreads and potential upside risks to NIM guidance? - The company has maintained lending margins above December 2024 levels despite competitive pricing. Active balance sheet management and a strong pipeline are expected to benefit margins moving forward [56][62] Question: Why did the letters of credit business show a decrease in fee income despite growth in the balance? - The increase in balance occurred towards the end of the quarter, with income benefits expected to reflect more in the second quarter. The dynamics of commitments and letters of credit are expected to normalize [58][60]

SB Financial Group (SBFG) Q1 2025 Earnings Call May 02, 2025 11:00 AM ET Company Participants Carol Robbins - Senior VP & ControllerMark Klein - Chairman, President & CEOAnthony Cosentino - Executive VP & CFOBrian Martin - Director - Banks & ThriftsSteven Walz - Executive VP & Chief Lending Officer Operator Good morning, and welcome to the SB Financial First Quarter twenty twenty five Conference Call and Webcast. I would like to inform you that this conference call is being recorded. We will begin with rema ...

Financial Data and Key Metrics Changes - Net income for Q1 2025 was $2.7 million, with diluted earnings per share (EPS) of $0.42, representing a 27% increase compared to the prior year quarter [5] - Tangible book value per share increased to $15.79, up from $14.93 last year, reflecting a 5.8% increase [5] - Net interest income totaled $11.3 million, a 23% increase from $9.2 million in Q1 2024 [5][19] - Operating expenses rose approximately 3.5% from the linked quarter, totaling $12.4 million, which includes $726,000 in acquisition-related costs [7][21] Business Line Data and Key Metrics Changes - Loan growth for the quarter was $97 million, up 9.8% from the prior year, marking the fourth consecutive quarter of sequential loan growth [6][13] - Mortgage originations for the quarter were $40 million, down from the prior year and linked quarters, but the current pipeline is approximately $50 million [6][41] - Noninterest income increased by 3.9% from the prior year quarter to $4.1 million, driven by gains on mortgage loans and commercial loan swap revenue [10] Market Data and Key Metrics Changes - Deposits grew over 10%, including $56 million from the Marblehead acquisition, while excluding Marblehead, growth was 5.4% [6][12] - The core deposit base grew just under 5% this year, with an annualized growth rate of 15% when excluding public funds and the Marblehead book [13] - Total loans ended the quarter at $1.09 billion, including $19 million from the Marblehead acquisition [22] Company Strategy and Development Direction - The company remains focused on five key initiatives: growing and diversifying revenue, expanding footprint, operational excellence, and maintaining asset quality [7] - The Marblehead acquisition, completed on January 17, 2025, is expected to enhance market presence and client relationships in Ottawa County, Ohio [11] - The company is committed to digital innovation and enhancing client care initiatives, including appointing a digital banking officer [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in loan growth despite economic uncertainties, with a budgeted growth of 8% to 10% for the year [39] - The company anticipates a strong performance in the second half of the year, driven by the integration of Marblehead and a robust loan pipeline [28] - Management expects funding costs to decrease further, which will positively impact net interest margin [23][54] Other Important Information - The company repurchased 26,500 shares at an average price of just under $21, representing approximately 130% of tangible book value [25] - The allowance for credit losses remained robust at 1.41% of total loans, providing 254% coverage of nonperforming loans [18] Q&A Session Summary Question: Concerns about loan growth and tariffs - Management expressed confidence in the loan pipeline, indicating no significant concerns regarding tariffs affecting client decisions [36][38] Question: Outlook for loan growth this year - The company maintains a budgeted growth of 8% to 10%, including contributions from the Marblehead acquisition [39] Question: Mortgage pipeline and full-year expectations - The current mortgage pipeline is healthy, and management is optimistic about achieving budgeted production levels for 2025 [41] Question: Trends in deposits and liquidity - Management anticipates some seasonal fluctuations in deposits but expects core deposits to continue growing [45][47] Question: Credit quality and reserve levels - Management is bullish on credit quality and plans to provision for anticipated loan growth while maintaining a strong reserve level [56][59] Question: Capital management and buyback plans - The company plans to resume share buybacks when opportunities arise, while also focusing on integrating the Marblehead acquisition [64]

Financial Data and Key Metrics Changes - The company reported a net income of $12 million and earnings per share of $0.50 for the quarter, indicating a strong start to the year [4] - Net interest income grew by 7% to $51.4 million compared to the previous year, with a net interest margin of 7.94% for the quarter [11] - The net book value per share increased to $16.36 from $16 in the prior quarter and $14.93 a year ago [15] Business Line Data and Key Metrics Changes - The consumer lending business originated $136 million in loans, maintaining a loan book of $2.4 billion, with average FICOs at origination of 685 for recreation loans and 781 for home improvement loans [4] - The commercial lending division originated $9.7 million in new loans and exited one loan with a significant return on investment [5][6] - The strategic partnership program achieved over $125 million in originations for the second consecutive quarter, diversifying the loan offerings [8] Market Data and Key Metrics Changes - Total loans outstanding increased by 12% year-over-year to $2.5 billion, including $1.5 billion in recreation loans and $812 million in home improvement loans [12] - Consumer loans more than ninety days past due decreased to $8.7 million, or 0.37% of total consumer loans, down from 0.49% at the end of 2024 [13] Company Strategy and Development Direction - The company is focused on methodical growth and maintaining strong credit quality in its loan origination processes [8] - There is an ongoing effort to expand the strategic partnership program, with expectations to add new partners over time [9] - The company is committed to capital allocation strategies, including share buybacks and dividend increases, reflecting a strong commitment to shareholders [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the stability of the taxi medallion business and identified recovery opportunities in charge-off medallion loans [7] - The company anticipates continued capital gains from its investments, with expectations for one or two more realizations in the year [26] - Management expects loan growth of 5% to 7% for the year, emphasizing a cautious approach to growth in light of economic uncertainties [48] Other Important Information - Operating expenses increased to $20.8 million, attributed to technological initiatives and legal costs [14] - The company approved a 9% increase in the quarterly dividend to $0.12 per share, marking the third increase since reinstating the dividend [10] Q&A Session Summary Question: Were there any nonrecurring expense items aside from those highlighted? - Yes, professional fees were elevated, including $300,000 in technology costs and $600,000 related to the annual meeting [19] Question: Any update on the SEC matter? - The matter is believed to be resolved, pending board approval and a judge's sign-off [21] Question: What flexibility does the company have in building reserves? - The company has flexibility to use judgment in determining allowances, which was applied in Q1 [22] Question: Are there any anticipated capital gains from Medallion Capital for the rest of the year? - Yes, the company expects one or two more capital gains, but the timing is uncertain [26] Question: What is the outlook on margins and total loan growth for the rest of the year? - Margins are expected to remain stable, with loan growth projected at 5% to 7% [48]

Financial Data and Key Metrics Changes - First quarter net income declined to $2.3 million or $0.13 per share, primarily due to strategic actions taken to address non-performing assets [3] - Non-performing assets were reduced by 20% and net exposure to non-performing loans decreased by 32% to $51 million [3] - Net interest income before provisions increased for the third consecutive quarter to $26.2 million [8] - Net interest margin increased by 12 basis points to 2.88% due to a decline in the cost of interest-bearing deposits [6][10] Business Line Data and Key Metrics Changes - Loans held for investment grew by $90 million or 12% on an annualized basis, driven by growth in commercial, SBA, and SFR balances [5] - Total first quarter loan originations amounted to $201 million at a blended yield of 6.77% [6] - Non-interest income declined by $4.34 million to $2.3 million due to lower gains on the sale of loans [10] Market Data and Key Metrics Changes - Total deposits increased at an 8% annualized rate to $3.14 billion, with growth in money market accounts and CDs offsetting a decline in non-interest bearing accounts [13] - The loan portfolio yield remained stable at 6.03% [12] Company Strategy and Development Direction - The company is focusing on resolving non-performing loans quickly while minimizing the impact on earnings and capital [3] - There is an ongoing effort to reduce reliance on wholesale funding, with a successful CD campaign in the first quarter [46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in resolving remaining non-performing assets and expects to report additional progress in upcoming quarters [4] - The company anticipates continued loan growth, albeit at a more moderate pace than the first quarter [6] - Management believes that by the second half of 2025, there could be a target for reducing non-performing loans to a normal baseline [54] Other Important Information - The company’s tangible book value per share increased to $24.63 [13] - Capital ratios remain strong, with all capital ratios above regulatory well-capitalized levels [14] Q&A Session Summary Question: Thoughts on potential share repurchase - Management recognizes that a buyback is one of the best uses of excess capital and is working to put a buyback in place [19] Question: Dynamics within the margin and FHLB advances - The FHLB advances are fully priced into the March net interest margin, and the net interest margin is slightly below the quarter's average [21] Question: Margin drag from non-accrual loans - There is a drag on net interest margin from non-accrual loans, with $20 million potentially returning to accrual status [24] Question: Appetite for more problem loan sales - Management is open to sales but believes they are well reserved for future write-offs [29] Question: Exposure to tariff impacts - Management has reached out to top customers and does not observe any potential financial impact from tariffs at this time [34] Question: Loan growth expectations and deposit trends - Management expects to fund loan growth organically and noted some migration into higher-yielding products [46] Question: Non-interest expenses outlook - Management estimates operating expenses to be around $17.5 million to $18 million, with some moderation expected [66]

RBB Bancorp (RBB) Q1 2025 Earnings Call April 29, 2025 02:00 PM ET Company Participants David Morris - Director & CEOJohnny Lee - President & CEOLynn Hopkins - Executive VP & CFOBrendan Nosal - DirectorAndrew Terrell - Managing DirectorKelly Motta - MD - Equity ResearchTimothy Coffey - MD & Associate Director of Depository Research Conference Call Participants Rebeca Rico - AVP & Financial AnalystMatthew Clark - MD & Senior Research Analyst Operator Day, everyone, and welcome to the RBB Bancorp First Quarte ...