Global Payments Inc. (NYSE:GPN) is one of the best affordable long term stocks to buy according to hedge funds. On January 27, Cantor Fitzgerald started covering Global Payments Inc. (NYSE:GPN) with a Neutral rating and set a price target of $80. The firm pointed out that Global Payments has changed a lot recently, becoming a “pure-play merchant acquirer” after buying Worldpay and selling its Issuer Solutions business to FIS. Global Payments (GPN) Draws Mixed Analyst Views Following Worldpay Deal and Stra ...

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]

Financial Data and Key Metrics Changes - The company reported a net income increase of $675,000 in the fourth quarter, driven by the TC Federal acquisition and improved margins [3][15] - Operating pre-provision net revenue improved significantly compared to the fourth quarter of 2024 [15] - Net interest income increased by approximately $3.2 million compared to the prior quarter, with net interest margin rising 15 basis points to 3.32% [15][16] - The tangible common equity (TCE) ratio at the end of the quarter was 8.30%, up from 8% in the prior quarter [25] Business Line Data and Key Metrics Changes - Core loan growth for 2025 was reported at 10.5%, with expectations for 2026 to be closer to the lower end of the 8%-12% target [5][23] - Operating non-interest income for the fourth quarter was $11.1 million, reflecting strong performance in mortgage and SBSL [17] - The company executed a portfolio mortgage pool sale of around $10 million, generating a gain of over $100,000 [7] Market Data and Key Metrics Changes - Deposits increased for the quarter and were organically flat year-over-year, excluding the TC Federal acquisition [6][24] - The company noted increased competition in lending across its footprint, impacting loan growth expectations [5][36] Company Strategy and Development Direction - The company is focused on integrating the TC Federal acquisition and expects to realize cost savings post-systems conversion in the second quarter of 2026 [8][26] - There is an ongoing strategy to enhance performance through disciplined execution and improvement, with a focus on M&A opportunities [12][13] - The company aims to maintain a disciplined approach to pricing and credit while growing core customer relationships [5] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the economic environment in the Southeast and the potential for M&A activity to drive growth [39][48] - The company anticipates a modest increase in net interest margin throughout 2026, supported by loan repricing and deposit growth [24][45] - Management acknowledged the competitive landscape and the need to balance growth with margin improvement [36][40] Other Important Information - The board declared an increase in the quarterly dividend to $0.12 per share, marking another consecutive year of dividend increases [11] - The company was recognized as one of American Banker's 2025 Best Banks to Work For, highlighting its commitment to culture and team members [12] Q&A Session Summary Question: Concerns about small business lending and charge-offs - Management acknowledged that small business lending is high-risk but can offer better returns, and they expect it to improve from current levels [28][29] Question: M&A competition and strategy - Management hopes for negotiated transactions rather than competitive bidding, focusing on partnerships that align with their goals [31][33] Question: Organic growth and competitive environment - Management noted increased competition but emphasized a disciplined approach to pricing and maintaining margins [36][38] Question: Deposit growth and funding loan growth - Management is optimistic about organic deposit growth and plans to leverage non-interest-bearing accounts to fund loans [42][44] Question: Future M&A targets and geographic expansion - Management is open to pursuing larger targets and expanding into contiguous states, while also considering the competitive landscape [46][48] Question: Effective tax rate and expense management - Management expects the effective tax rate to remain around 21% and aims to reduce net operating expenses to historical averages later in the year [50]

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]

Core Insights - Capital City Bank has been recognized as one of American Banker's "Best Banks to Work For" for the 13th consecutive year, ranking 37 nationwide and 8 among banks with assets between $3 billion and $10 billion, showing significant improvement from its previous year's rankings of 56 and 15 respectively [1] Company Overview - Capital City Bank Group, Inc. is a publicly traded financial holding company based in Florida with approximately $4.3 billion in assets, offering a full range of banking services including traditional deposit and credit services, mortgage banking, asset management, and securities brokerage [5] Employee Engagement and Culture - The recognition reflects the commitment of the bank's associates, emphasizing a workplace culture that values, supports, and inspires personal and professional growth [2] - The bank provides a comprehensive benefits package, including insurance, a stock purchase plan, 401(k), paid time off, and tuition assistance, alongside continuous learning programs to encourage skill development [2] Initiatives for Associate Support - Capital City Bank launched initiatives such as The Spotlight and Navigator to enhance associate engagement and support, focusing on both work-related and personal needs [3][6] Evaluation Process for Rankings - The "Best Banks to Work For" rankings are determined through a two-step evaluation process, with 25% based on workplace policies and practices, and 75% based on associate surveys assessing individual experiences and attitudes [3][4]

Financial Data and Key Metrics Changes - Operating net income increased by $252,000 from the prior quarter, attributed to higher net interest income and operating non-interest income, offset by increased provision and operating non-interest expenses [14] - Net interest income rose by $314,000 compared to the prior quarter, driven by continued asset repricing and loan growth [14] - Net interest margin increased by five basis points from the prior quarter, with expectations for further growth due to the Fed rate cuts [15][14] - Tangible book value per share increased to $14.20 from $12.76 a year ago, reflecting consistent growth in tangible capital [23] Business Line Data and Key Metrics Changes - Non-interest income increased over $1 million from the prior quarter, with significant contributions from service charge and fee income, as well as interchange income [6][16] - Mortgage and government-guaranteed lending (SBSL) activity slowed, with mortgage production down slightly compared to the second quarter [23] - Pre-tax income for both merchant services and Colony Wealth Advisors increased significantly from the prior quarter, indicating strong performance in these business lines [24] Market Data and Key Metrics Changes - Loan growth for the quarter was around 9% annualized, lower than the first and second quarters, but still around a 14% annualized growth rate for the year [5] - Total deposits increased by $28.1 million during the quarter, reflecting strategic use of brokered funding [21] Company Strategy and Development Direction - The company is focused on strategic investments for future growth while maintaining margin improvement [5] - The pending merger with TC Bancshares, Inc. and TC Federal Bank is progressing as planned, with expectations for closure in the fourth quarter [9][10] - The company is optimistic about future M&A opportunities and is actively seeking strategic fits [10][11] Management's Comments on Operating Environment and Future Outlook - Management does not foresee a material impact from the government shutdown on the business or credit quality, although they are monitoring the situation closely [8][28] - The company expects loan growth to moderate but remain within the long-term target of 8% to 12% annually [5][6] - Management expressed confidence in balancing cost control with strategic investments for long-term growth [17] Other Important Information - Operating expenses increased by $624,000 quarter over quarter due to investments in talent and growth initiatives [16] - A wire fraud incident resulted in a recognized loss of $1.25 million related to disputed insurance coverage [18] Q&A Session Summary Question: Given the disruption in D.C., are there any impacts on borrowers and the local economy? - Management does not see a significant impact at this time and has provided resources to customers to mitigate potential issues [28] Question: What is the average roll-on versus roll-rate this quarter, and how does the NIM outlook look? - The roll-off yields were in the 5% range, with a new and renewed rate of 7.83% for the quarter, indicating potential for net interest margin growth [29][30] Question: Is there any NDFI loan exposure? - Management confirmed there is no meaningful exposure to NDFI loans, focusing instead on relationship-based lending [31]

Core Insights - Bank of America has been ranked as the number one small business lender in the U.S. for 17 consecutive quarters, maintaining this position since Q2 2021, with total small business loan balances reaching $46.7 billion [1][2]. Group 1: Company Performance - The company serves nearly 4 million small business households across the U.S., providing tailored solutions to meet their unique challenges [2][3]. - Bank of America has a network of local bankers in over 200 communities, offering a single point of contact for business owners to access a wide range of financial products and services [3]. Group 2: Industry Recognition - Bank of America has been recognized as the "World's Best Bank for Small and Medium-Sized Enterprises" and has received the title of "North America's Best Bank for Small and Medium-Sized Enterprises" for ten consecutive years by Euromoney [4]. Group 3: Company Overview - Bank of America is a leading financial institution, serving approximately 69 million clients with a comprehensive range of banking, investing, and asset management services [5]. - The company operates approximately 3,700 retail financial centers and around 15,000 ATMs, with about 59 million verified digital users [5].

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].