Financial Data and Key Metrics Changes - The recurring net income for Q4 2025 was BRL 6.5 billion, representing a year-on-year growth of 20.6%, and for the full year, it reached BRL 24.7 billion, a growth of 26.1% [1] - The return on average equity (ROAE) was 15.2%, exceeding the cost of capital for the first time in this quarter [1] Business Line Data and Key Metrics Changes - Digital retail clients increased to 19 million, with a target of approximately 40 million by the end of 2026, and the direct cost to serve these clients was reduced by 40 times [5][6] - The affluent client segment saw an upgrade for over 3.1 million clients, with expectations to reach 4.7 million clients by the end of 2026 [8] - The SME segment's market share increased from 14.3% to 16.6%, with a robust digital model and new value propositions introduced [11][12] Market Data and Key Metrics Changes - The loan portfolio reached almost BRL 11 billion in December 2025, with micro, small, and medium-sized companies growing by 21.3% [20] - The net interest income (NII) increased by 17.4%, and credit income grew by 14.4% [22] Company Strategy and Development Direction - The company is focused on a transformation plan initiated in February 2024, aiming to enhance competitiveness through technology and customer engagement [2][3] - Investments in technology grew by 22% in 2025 compared to 2024, with a strong emphasis on AI and digital solutions [17][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's trajectory, expecting continued growth in ROE and net income, despite potential macroeconomic volatility due to elections [54][55] - The company aims to maintain a CET1 ratio around 11% throughout 2026, with a focus on disciplined capital management [49][50] Other Important Information - The company has reduced its operational footprint by closing 2,800 points and plans to open approximately 50 new offices in 2026 [24][39] - The insurance operations reported a growth of 16.1%, exceeding guidance expectations [25][26] Q&A Session Summary Question: Insights on underlying business trends and NII guidance - Management indicated that the NII remains focused on secured products, with expectations for growth in line with operations and a maintained average rate [30][31] Question: Clarification on restructuring expenses and growth expectations - Management acknowledged an additional BRL 700 million expense for restructuring, emphasizing continued investment in technology and footprint adjustments [34][39] Question: Expectations for payroll loans and market share - Management expressed optimism about growing market share in payroll loans, particularly in the private sector, leveraging competitive models [52] Question: Capital outlook and CET1 expectations - Management expects CET1 to remain around 11%, with fluctuations possible due to regulatory measures, but overall confidence in capital management was reiterated [47][49]

Core Insights - BankFirst Capital Corporation reported a significant increase in net income for the fourth quarter of 2025, reaching $10.17 million or $1.74 per common share, compared to $5.20 million or $0.83 per common share in the previous quarter and $7.67 million or $1.21 per common share in the same quarter of 2024 [1][4][6] Financial Performance - Net interest income for the fourth quarter of 2025 was $27.87 million, up from $22.23 million in the fourth quarter of 2024 [4][11] - Total assets increased by 17.7% to $3.30 billion as of December 31, 2025, compared to $2.80 billion a year earlier [4][7] - Total gross loans rose by 19% to $2.20 billion, up from $1.85 billion at the end of 2024 [4][7] - Total deposits increased by 19% to $2.80 billion, compared to $2.36 billion at the end of 2024 [4][8] Credit Quality - The ratio of non-performing assets to total assets improved to 0.45% as of December 31, 2025, down from 0.61% a year earlier [4][16] - The allowance for credit losses was $28.81 million, representing 1.31% of total loans, compared to 1.27% at the end of 2024 [17] Capital Management - The Company has a stock repurchase program authorized for up to $10 million, with 127,583 shares repurchased as of December 31, 2025 [4][6] - The Company issued $175 million of senior perpetual noncumulative preferred stock to the U.S. Department of the Treasury as part of the Emergency Capital Investment Program [4][6] Strategic Developments - The completion of the Magnolia Acquisition in July 2025 has been a key driver of growth, with the integration of Magnolia State Bank into the Company's operations [6][7] - The Company is focused on leveraging its increased scale to enhance value for customers and shareholders while maintaining strong credit quality [6]

Core Viewpoint - A nationwide strike by bank unions in India is set to disrupt operations at public sector banks, demanding the implementation of a five-day work week, which they claim was agreed upon in a previous settlement but has not been enacted by the government [5][8][9] Group 1: Impact on Banking Services - Branch-level services such as cash deposits, withdrawals, cheque clearances, and administrative work at public sector banks like State Bank of India (SBI), Punjab National Bank (PNB), and Bank of Baroda are expected to be significantly affected [3][8] - Major private sector banks, including HDFC Bank, ICICI Bank, and Axis Bank, are anticipated to remain largely unaffected as their employees are not part of the striking unions, and digital banking services will continue to function, although ATM cash availability may face localized issues [4][8] Group 2: Reasons for the Strike - The unions are advocating for all Saturdays to be declared holidays, a demand they assert was agreed upon during the 12th Bipartite Settlement with the Indian Banks' Association in March 2024, but has yet to be officially recognized by the government [5][9] - Union leaders emphasize that the strike is intended to enhance the efficiency and sustainability of the banking system rather than inconvenience customers, arguing that a balanced workforce is essential for financial stability [6][8] Group 3: Communication from Banks - Several public sector banks, including SBI, have communicated to stock exchanges about the potential impact of the strike, indicating that while they have made arrangements for normal operations, disruptions are likely [7][8]

Core Points - BankFirst Capital Corporation declared a cash dividend of $1.05 per share, payable on December 10, 2025, to shareholders of record as of December 1, 2025 [1] - The company reported total assets of approximately $3.34 billion as of September 30, 2025 [2] Company Overview - BankFirst Capital Corporation is a registered bank holding company headquartered in Columbus, Mississippi, with its wholly-owned subsidiary, BankFirst Financial Services, founded in 1888 [2] - The bank operates multiple branches across Mississippi and Alabama, providing a wide range of services including internet banking, mortgage loans, and merchant services [2]

Group 1 - Major banks in India, including the State Bank of India (SBI), will observe holidays this weekend as per the Reserve Bank of India (RBI) calendar [2][3] - The specific closures include September 27-28 for the fourth Saturday and Sunday, and September 29 for a holiday in Agartala, Kolkata, and Guwahati for Maha Saptami [2][3] - On September 30, banks in several cities including Agartala, Bhubaneswar, and Kolkata will remain closed for Maha Ashtami/Durga Ashtami [2][3] Group 2 - Not all branches will be closed on every holiday date, as closures can vary by state, and customers are advised to check with their local branch [2][3] - Online banking services remain accessible even when branches are closed, allowing customers to use ATMs, mobile apps, and internet banking for various transactions [2][3] - Services requiring in-person visits, such as bulk cash deposits and demand drafts, will not be available on these holidays, prompting residents and businesses to plan transactions in advance [2][3]

Core Insights - BankFirst Capital Corporation reported a net income of $6.88 million, or $1.07 per common share, for Q2 2025, showing an increase from $6.43 million, or $0.98 per share, in Q1 2025, but a slight decrease from $6.52 million, or $1.09 per share, in Q2 2024 [1][5]. Financial Performance - Net interest income for Q2 2025 was $23.07 million, up from $20.77 million in Q2 2024 [5][10]. - Total assets increased by 3% to $2.85 billion as of June 30, 2025, compared to $2.76 billion a year earlier [5][6]. - Total deposits rose by 3% to $2.38 billion as of June 30, 2025, from $2.32 billion at the same time last year [5][7]. - The company's net interest margin improved to 3.71% in Q2 2025, up from 3.46% in Q2 2024 [10]. Acquisition and Growth - The company completed the acquisition of Magnolia State Corporation on July 1, 2025, which expanded its branch network and total assets to approximately $3.32 billion [4][26]. - Following the acquisition, the company now operates 52 locations in Mississippi and Alabama [5][26]. Credit Quality - The ratio of non-performing assets to total assets was 0.50% as of June 30, 2025, compared to 0.41% a year earlier [5][15]. - The allowance for credit losses was $24.05 million, representing 1.31% of total loans as of June 30, 2025 [16]. Capital and Liquidity - The company had available liquidity sources totaling approximately $977.96 million as of June 30, 2025 [5][18]. - The capital conservation buffer was maintained above the regulatory minimum, with a Community Bank Leverage Ratio (CBLR) of 9.89% as of June 30, 2025 [24]. Stock Performance - The closing price of the company's common stock was $40.50 per share on June 30, 2025, resulting in a market capitalization of approximately $219.89 million [13].