Financial Data and Key Metrics Changes - The company reported net income available to common shareholders of $19.6 million or $0.96 per diluted share for Q4 2025, and $73.4 million or $3.61 per diluted share for the full year [4] - Return on average assets was 120 basis points for the year, while return on average equity was 12.38%, both exceeding annual guidance [4] - The efficiency ratio for the year was 58% [4] Business Line Data and Key Metrics Changes - Total loans increased by 1.5% in Q4 and 4% year-over-year to $4.66 billion, driven by strong demand in commercial lending [6] - Commercial business loans were down modestly on a linked-quarter basis but up 11% year-over-year, while commercial mortgage loans increased by 4% from the previous quarter and 6.5% year-over-year [6] - Residential lending grew modestly, up 1% during both the 3 and 12 months ended December 31, 2025 [7] - Consumer indirect loans decreased by 3.7% in Q4 and 4.5% for the year to $807 million [8] Market Data and Key Metrics Changes - Year-end total deposits were $5.21 billion, down 2.8% from September 30, driven by seasonal public deposit outflows [9] - Deposits were up 2% year-over-year despite the ongoing wind down of the banking-as-a-service line of business [9] Company Strategy and Development Direction - The company is focused on organic credit discipline growth, prudent expense management, and building a strong capital position to deliver long-term value to shareholders [22] - The company aims to drive sustainable growth through its community bank and wealth management firm, leveraging its size and market position as competitive advantages [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of Upstate New York markets, particularly with the recent $100 billion investment by Micron Technology [7] - The company anticipates higher performance for full year 2026, targeting a return on average assets of at least 122 basis points and an efficiency ratio below 58% [12] - Management expects to maintain a focus on profitable spreads and favorable credit mix, with a targeted annual loan growth of about 5% driven by commercial lending [14] Other Important Information - The company completed an $80 million subordinated debt offering with a fixed rate of 6.5%, which is favorable compared to previous issuances [5] - The company reported a BBB- rating from Kroll with a stable outlook, reflecting improved profitability and capital position [6] Q&A Session Summary Question: Margin outlook and expected cadence - Management indicated that margins were impacted by the sub debt raise and expect margins to expand incrementally throughout the year [26] Question: Loan growth and indirect auto portfolio management - Management confirmed intentional management of the indirect auto portfolio and expressed confidence in commercial lending growth opportunities [30] Question: Share buyback strategy - Management noted that share buybacks remain an attractive capital allocation option, with a focus on maintaining Common Equity Tier 1 above 11% [34] Question: ROA improvement potential - Management highlighted that accelerated asset originations could positively impact ROA, but profitability remains a priority over growth [40] Question: Deposit targets and initiatives - Management emphasized a focus on core deposit acquisition and successful treasury management offerings to drive deposit growth [43]

Core Viewpoint - Franklin Resources, Inc. is adapting to the evolving financial landscape by preparing its institutional money market funds for tokenized finance, which includes integrating digital assets and blockchain technology [2][6]. Group 1: Company Overview - Franklin Resources, Inc., also known as Franklin Templeton, is a global investment management organization offering a variety of financial services such as mutual funds, retirement planning, and institutional asset management [1]. - The company competes with major asset managers like BlackRock and Vanguard [1]. Group 2: Recent Developments - Barclays has adjusted its rating for Franklin Resources to "Underweight" while maintaining a "hold" action, with the stock currently priced at $25.63 [1][6]. - Barclays has raised the price target for Franklin Resources from $22 to $25, reflecting confidence in the company's strategic initiatives [2][6]. Group 3: Financial Performance - As of December 31, 2025, Franklin Resources reported a rise in assets under management (AUM) to $1.68 trillion, driven by net inflows of $28 billion, including $26 billion from reinvested distributions [4]. - The company experienced gains across various asset classes, with equity assets rising to $696.7 billion and fixed income AUM reaching $437 billion, although $1 billion in net outflows at Western Asset Management partially offset these gains [4]. Group 4: Upcoming Announcements - Franklin Resources is set to announce its first-quarter operating results on January 30, 2026, with a written commentary available on their investor relations website [3].

Core Viewpoint - First Hawaiian, Inc. plans to release its fourth quarter 2025 financial results on January 30, 2026, before market opens, followed by a conference call to discuss the results [1]. Group 1: Financial Results Announcement - The financial results for the fourth quarter of 2025 will be released on January 30, 2026, before the market opens [1]. - A conference call to discuss the results will take place on the same day at 1:00 p.m. Eastern Time (8:00 a.m. Hawaii Time) [1]. Group 2: Conference Call Access - Participants can access the conference call by registering through a provided link, which will give them a dial-in number and a personalized PIN code [2]. - It is recommended that participants dial in fifteen minutes prior to the scheduled start time to avoid delays [2]. Group 3: Webcast Information - A live webcast of the conference call, including a slide presentation, will be available on the company's website [3]. - An archive of the webcast will also be accessible at the same location [3]. Group 4: Company Overview - First Hawaiian, Inc. is a bank holding company based in Honolulu, Hawaii, and its principal subsidiary is First Hawaiian Bank, the oldest and largest financial institution in Hawaii [4]. - The company offers a wide range of banking services, including deposit products, loans, wealth management, insurance, trust, retirement planning, credit card, and merchant processing services [4]. - Customers can access their accounts through ATMs, online, and mobile banking channels [4].

Core Viewpoint - First Hawaiian, Inc. plans to release its fourth quarter 2025 financial results on January 30, 2026, before market opens, followed by a conference call to discuss the results [1]. Group 1: Financial Results Announcement - The financial results for the fourth quarter of 2025 will be released on January 30, 2026, before the market opens [1]. - A conference call to discuss the results will take place on the same day at 1:00 p.m. Eastern Time (8:00 a.m. Hawaii Time) [1]. Group 2: Conference Call Access - Participants can access the conference call by registering through a provided link, which will give them a dial-in number and a personalized PIN code [2]. - It is recommended that participants dial in fifteen minutes prior to the scheduled start time to avoid delays [2]. Group 3: Webcast Information - A live webcast of the conference call, including a slide presentation, will be available on the company's website [3]. - An archive of the webcast will also be accessible at the same location [3]. Group 4: Company Overview - First Hawaiian, Inc. is a bank holding company based in Honolulu, Hawaii, and its principal subsidiary is First Hawaiian Bank, the oldest and largest financial institution in Hawaii [4]. - The company offers a wide range of banking services, including deposit products, loans, wealth management, insurance, trust, retirement planning, credit card, and merchant processing services [4]. - Customers can access their accounts through ATMs, online, and mobile banking channels [4].

Core Viewpoint - Principal Financial Group (PFG) is highlighted as a strong investment option for those seeking stable stocks with rapidly increasing distributions [1] Company Overview - Principal Financial Group is headquartered in Des Moines, Iowa, and operates in the financial services sector, providing retirement planning, asset management, and insurance products [1] Investment Appeal - PFG is recognized as a member of IBD's Dividend Leader List, indicating its strong performance in dividend distributions [1]

Core Insights - Wealth Enhancement has acquired Wise Wealth, marking its 100th acquisition and increasing its total client assets to over $125 billion [1][3] - Wise Wealth brings $464 million in client assets, enhancing Wealth Enhancement's portfolio [1] - The acquisition allows Wealth Enhancement to expand its service offerings and resources for clients [4] Company Overview - Wise Wealth, founded in 2007, operates in the greater Kansas City area with offices in Lee's Summit, Rolla, and Liberty [2] - The firm has a team of six advisers and six support staff, led by president and founder Stephen Stricklin [2] - Wise Wealth specializes in tax, financial, legacy planning, investment management, and retirement planning, primarily targeting retirees and those nearing retirement [2] Leadership and Future Plans - Stephen Stricklin will continue to lead the Wise Wealth team post-acquisition [3] - The partnership aims to enhance the mission of helping clients "give, serve, and enjoy life" as part of the GSEL Team at Wealth Enhancement [3] - Wealth Enhancement's chief strategy officer emphasized the benefits of additional resources for the Wise Wealth team to better serve clients [4]

Core Insights - Beacon Pointe Advisors has expanded its client asset base to $54 billion through the acquisition of Sensible Financial Planning, aiming to enhance its presence on the East Coast [1][2] - The acquisition adds approximately $944 million in assets under management and will establish a new office in San Diego, alongside expanding operations in the Boston area [2] - Sensible Financial, founded in 2002, specializes in retirement planning, tax strategies, insurance analysis, estate and legacy planning, and investment management, employing around 21 staff [2][3] Company Strategy - The integration of Sensible Financial into Beacon Pointe will allow for a seamless transition while maintaining the existing client relationships and staff growth opportunities [3] - Sensible Financial will operate under the Beacon Pointe name and utilize its W-2 employee model, with equity holders receiving a Schedule K-1 for tax reporting [3] Market Position - Beacon Pointe has made 11 acquisitions in the current year, including a recent deal for The Family Firm, a female-led firm with $857 million in assets, further solidifying its East Coast strategy [5] - The firm has completed a six-deal acquisition spree within 60 days, adding $2.7 billion in client assets, and now boasts over 600 employees and more than 75 offices nationwide [5] Financial Backing - In 2021, Beacon Pointe received a minority investment from private equity firm KKR, allowing its advisors to retain 50% ownership in the firm [6]

Core Viewpoint - First Hawaiian, Inc. plans to release its second quarter 2025 financial results on July 25, 2025, before market opens, followed by a conference call to discuss the results [1] Group 1: Financial Results Announcement - The financial results for the second quarter of 2025 will be released on July 25, 2025, before the market opens [1] - A conference call to discuss the results will take place on the same day at 1:00 p.m. Eastern Time (7:00 a.m. Hawaii Time) [1] Group 2: Conference Call Access - Participants can access the call by registering through a provided link, which will give them a dial-in number and a personalized PIN code [2] - It is recommended that participants dial in fifteen minutes prior to the scheduled start time to avoid delays [2] Group 3: Webcast Information - A live webcast of the conference call, including a slide presentation, will be available on the company's website [3] - An archive of the webcast will also be accessible at the same location [3] Group 4: Company Overview - First Hawaiian, Inc. is a bank holding company based in Honolulu, Hawaii, and its principal subsidiary is First Hawaiian Bank, the oldest and largest financial institution in Hawaii [4] - The company offers a wide range of banking services, including deposit products, loans, wealth management, insurance, trust, retirement planning, credit card, and merchant processing services [4] - Customers can access their accounts through ATMs, online, and mobile banking channels [4]