Financial Data and Key Metrics Changes - FLEX LNG reported revenues of $87.5 million for Q4 2025, or $85 million excluding EUA related to the emission trading system, with a net income of $21.6 million, resulting in an earnings per share of $0.40 [2][11] - Adjusted net income for Q4 was $23.3 million, or adjusted earnings per share of $0.43 [2] - For the full year 2025, revenues reached $340 million, with an adjusted EBITDA of $251 million, aligning with guidance [5][11] - The cash balance at year-end was $448 million, with no debt maturing before 2029 [4][12] Business Line Data and Key Metrics Changes - The fleet averaged TCE (Time Charter Equivalent) of $71,100 per day for Q4, with a full year TCE of $72,000 per day [2][5] - In 2025, two vessels were traded in the spot market, while four drydockings were completed [5] - For 2026, guidance indicates revenues between $310 million and $340 million, with expected TCE around $65,000-$75,000 per day [3][8] Market Data and Key Metrics Changes - Global LNG exports rose 4% year-over-year in 2025, with Europe leading demand, while U.S. exports increased by 25% [14] - European LNG imports surged by 24% year-over-year, reinforcing its role as a key balancing market [14][16] - In contrast, China reduced its LNG imports by 15% from 2024, relying more on domestic production [15][16] Company Strategy and Development Direction - FLEX LNG maintains a robust financial position with a solid contract backlog and a focus on long-term charters [4][7] - The company is optimistic about future market conditions, anticipating strong demand due to new LNG export volumes and geopolitical uncertainties [6][19] - The board declared a quarterly dividend of $0.75 per share, marking the 18th consecutive dividend [4][9] Management Comments on Operating Environment and Future Outlook - Management noted that the spot market is expected to remain volatile in 2026, with modest earnings expectations from spot-exposed vessels [6][8] - The company highlighted the importance of maintaining a disciplined approach to new ship orders, focusing on existing fleet quality [26][28] - The outlook for LNG demand in Europe remains strong, with expectations of high buying requirements in the coming months [17][19] Other Important Information - The company completed drydockings in 2025 significantly below budget, allowing for more revenue-generating days [10] - The average operational expenditure (OpEx) per day for 2025 was $15,800, slightly above guidance [11] - The interest rate swap portfolio has generated unrealized and realized gains of around $132 million since January 2021 [13] Q&A Session Summary Question: Can you provide more details on the upcoming options for the fleet? - Management indicated that they are awaiting decisions on options due to be declared during 2026, noting that these will not significantly impact the fleet portfolio [22][23] Question: How should the increased market exposure be viewed regarding future dividend payments? - Management stated that dividend decisions are made at each board meeting, emphasizing a solid financial position and large contract backlog to support dividends [24] Question: Will the company order new ships given the current market exposure? - Management expressed a disciplined approach to ordering new ships, preferring to wait for contracts before making new orders [26][27]

Earnings Presentation February 2026 4Q2025 Earnings Presentation | 4Q25 1 Earnings Presentation | 4Q25 Earnings Presentation | 4Q25 Agenda João Vitor Menin | Global CEO Alexandre Riccio | Brazil CEO 1. CEO Overview 2. Business Update 3. Financial Performance Santiago Stel | SVP CFO 2 Earnings Presentation | 4Q25 Disclaimer This report may contain forward-looking statements regarding Inter, anticipated synergies, growth plans, projected results and future strategies. While these forward-looking statements re ...

FOURTH QUARTER 2025 RESULTS February 11, 2026 SAFE HARBOR STATEMENT AND NON-GAAP MEASURES This presentation may contain forward-looking statements about our operations, anticipated performance and other similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor under the Securities Act of 1933 and the Securities Exchange Act of 1934 for forward-looking statements. The forward-looking statements are not historical facts and involve risks and uncertainties that could cause ac ...

SFL Corporation Ltd. 1 Forward Looking Statements This presentation contains forward looking statements. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including SFL management's examination of historical operating trends, data contained in the Company's records and other data available from third parties. Although SFL believes that these assumptions were reasonable when made, because assumptions are inherently subject to significant uncertai ...

Financial Data and Key Metrics Changes - For Q4 2025, the company reported GAAP net income of $0.24 per share, while distributable earnings (DE) were -$2.07 per share, with DE prior to charge-offs at -$0.51 per share, reflecting a 20% increase from Q1 [3][19] - The company paid a dividend of -$0.47 per share for Q4, with DE prior to charge-offs covering the dividend for the second consecutive quarter [4][20] - Book value ended the year at $20.75 per share, which includes $0.47 per share of accumulated depreciation and amortization [21] Business Line Data and Key Metrics Changes - The loan portfolio is now 99% performing, with $575 million of impaired loans resolved during the quarter, reducing the impaired loan balance to just under $90 million [4][12] - The investment portfolio increased to $20 billion, up from $19.5 billion, with the loan portfolio at $18 billion and net lease assets now representing 5% of the portfolio [12][20] - In Q4, the company closed $1.5 billion of investments, including $1.4 billion of new loan originations, all secured by multifamily and industrial assets [10][11] Market Data and Key Metrics Changes - The real estate credit market is highly liquid, with CMBS issuance up 40% year-over-year, indicating increased debt capital availability [5] - New loan requests in January were up 50% from the prior year, reflecting heightened investor enthusiasm [5] - Nearly half of the company's loans are located in international markets, with approximately 40% in Europe, where strong fundamentals are driving demand [14][15] Company Strategy and Development Direction - The company is focusing on diversifying its investment channels, targeting multifamily and industrial loans, and expanding its net lease strategy [4][6] - The strategy includes selectively exiting owned real estate properties to redeploy capital into core investments, aiming to maximize long-term shareholder value [8][16] - The company has been active in share repurchases, with $140 million since the program's inception, indicating confidence in the stock's value [9][19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's performance in 2025, highlighting a strong case for additional upside in the stock as it trades below book value [8][9] - The company anticipates continued positive trends in the real estate market, with expectations for further loan resolutions and capital redeployment [19][50] - Management noted that the current liquidity in the market is beneficial for quicker resolutions of impaired loans, contributing to a stabilized real estate market [56] Other Important Information - The company has a strong balance sheet with $1 billion of liquidity and no debt maturities until 2027 [24][25] - The company has been proactive in accessing various capital markets, executing over $5 billion in transactions in the past year [6][68] - The transition of CFO roles was noted, with Marcin Urbaszek stepping into the position, indicating continuity in leadership [10][25] Q&A Session Summary Question: Thoughts on supporting the value of loans in the portfolio - Management is exploring all opportunities to maximize shareholder value and feels confident about the stock's direction [28] Question: Views on the REO portfolio and specific assets - Management sees improved fundamentals and investor demand in key markets like New York, with potential for exiting assets strategically [31][33] Question: Investment in the Blackstone BREDS Fund - The fund will focus on high-quality core-plus real estate in the U.S. and Canada, with no fees for the fund commitment [37] Question: Future portfolio outlook and focus areas - The company intends to diversify its portfolio while maintaining its core lending strategy, with a focus on risk-adjusted returns [40] Question: Multifamily lending opportunities - Management is optimistic about the multifamily sector, citing structural undersupply and strong performance in their portfolio [44] Question: Timeline for resolving loans and redeploying capital - Management expects to exit certain assets over the year, with a focus on redeploying capital at target returns [50] Question: Impaired loan resolutions and market conditions - The resolution of impaired loans was attributed to the strength of the asset management team and improved market liquidity [56]

Vishay Precision Group (NYSE:VPG) Q4 2025 Earnings call February 11, 2026 09:00 AM ET Speaker4I will now hand over to Steve Cantor, Senior Director, Investor Relations at VPG, to begin. Please go.Speaker5Thank you, Claire. Good morning, everyone. Welcome to VPG's 2025 fourth quarter earnings conference call. Our Q4 press release and slides have been posted on VPG's website. An audio recording of today's call will be available on the internet for a limited time and can also be accessed on our website. Today' ...

Summary of First Horizon Conference Call Company Overview - **Company**: First Horizon - **Key Executives**: Bryan Jordan (Chairman and CEO), Hope Dmuchowski (CFO) Core Industry Insights - **Industry**: Banking and Financial Services - **Market Focus**: Southeast U.S. with significant presence in high-growth metropolitan statistical areas (MSAs) such as the Carolinas and Florida [3][9] Key Points and Arguments Growth and Strategic Priorities - First Horizon has successfully integrated IBERIABANK amidst the pandemic and is now focused on growth opportunities in the Southeast, particularly in consumer banking and commercial middle-market banking [7][10] - The bank is expanding its branch network in strategic locations, including the Carolinas and Texas, to enhance customer convenience and support growth [10][11] - The focus is on building a consumer-driven model with branch density, while also emphasizing specialized services like commercial real estate lending and asset-based lending [10][11] Economic Outlook and Loan Growth - There is a general optimism among clients regarding economic conditions, with expectations for increased investment and borrowing as regulatory pressures ease [12][13] - Loan growth is projected to be in the mid-single digits, primarily driven by commercial and industrial lending, despite a flat outlook for the mortgage portfolio in the near term [13][14] Countercyclical Business Performance - The mortgage warehouse business is expected to benefit from a potential refi wave if mortgage rates drop below 6%, with significant capacity for growth [18][19] - FHN Financial, which focuses on treasury portfolio management for banks, is also positioned to grow with favorable interest rate volatility [28][29] Revenue Growth and Profitability - First Horizon aims for a revenue growth outlook of 3%-7%, contingent on higher loan growth and a rebound in countercyclical businesses [15][16] - The bank is focused on enhancing fee income through new products and services, which do not require capital reserves, thus improving return on tangible common equity (ROTCE) [64][65] Capital Management and Shareholder Returns - The bank has a healthy capital position, with plans to maintain a CET1 ratio of 10%-10.5%, allowing for potential buybacks and dividends [67][72] - In 2025, First Horizon returned approximately $1.2 billion in equity through stock buybacks and increased dividends, indicating strong capital generation [71][72] Credit Quality and Risk Management - Credit quality remains strong, with no significant concerns regarding charge-offs or geographic concentrations, reflecting disciplined lending practices [75][76] - The bank has restructured its credit approach to enhance risk management, positioning it well for future cycles [76] Technology and AI Integration - First Horizon is leveraging AI to improve operational efficiency, particularly in fraud detection and customer service, which is expected to enhance the overall customer experience [51][54] - The bank is investing in technology to automate processes and improve service delivery, with a focus on maintaining a competitive edge in the market [44][52] Regulatory Environment - The bank anticipates potential regulatory changes that may ease capital requirements, allowing for more flexibility in capital management [69][70] - Discussions around the $100 billion asset threshold may lead to adjustments that benefit First Horizon's operational strategy [70] Additional Important Insights - The competitive landscape for deposits in the Southeast is intense, with a focus on branch expansion and customer engagement to attract core deposits [35][39] - The bank is actively exploring opportunities in digital assets and stable coins, recognizing the evolving nature of the financial services industry [41][42] This summary encapsulates the key insights and strategic directions discussed during the First Horizon conference call, highlighting the company's growth initiatives, economic outlook, and operational strategies.

Apollo Global Management (NYSE:APO) 2026 Conference February 11, 2026 08:50 AM ET Company ParticipantsCraig Siegenthaler - North American Head of Diversified FinancialsJim Zelter - PresidentCraig SiegenthalerMorning, everyone. We're gonna get started. Thank you all for joining BofA's thirty-fourth Annual Financial Services Conference. This is Craig Siegenthaler, North American Head of Diversified Financials at BofA. It's my pleasure to introduce Jim Zelter. Jim oversees Apollo's strategic initiatives across ...

Micron Technology Conference Summary Company Overview - **Company**: Micron Technology (NasdaqGS: MU) - **Event**: 2026 Conference on February 11, 2026 - **Speakers**: Mark Murphy (CFO), Satya Kumar (Head of Investor Relations) Key Industry Insights - **Memory Market Dynamics**: The memory market is currently experiencing extraordinary demand, significantly outpacing supply capabilities. This trend is expected to continue beyond 2026, with Micron actively planning to meet customer needs through investments and capacity expansions [4][12][13]. Core Points and Arguments 1. **Demand and Supply Outlook**: - Demand for memory products is significantly higher than supply, with expectations of tight supply-demand conditions continuing beyond 2026 [4][12]. - AI-driven demand is a major factor, as companies require more advanced memory solutions to enhance AI systems [8][9]. 2. **Capacity Expansion Initiatives**: - Micron has announced new facilities, including a DRAM fab in New York and a NAND fab in Singapore, with the latter expected to produce its first wafer in the second half of 2028 [5]. - The acquisition of the Tongluo site in Taiwan is anticipated to close in the second quarter of 2026, supporting DRAM production [5][56]. 3. **High-Bandwidth Memory (HBM) Production**: - Micron is in high-volume production of HBM4, with successful customer shipments and a sold-out supply for 2026 [6][34]. - HBM4 products are delivering over 11 Gbps speeds, with strong performance and reliability [6][34]. 4. **Financial Performance**: - The company reported a 37% sequential increase in guidance, with gross margins around 11% [7]. - Micron's financial outlook has improved, driven by favorable pricing conditions and strong demand [14][37]. 5. **Long-Term Agreements with Customers**: - Customers are increasingly seeking multi-year agreements for supply assurance, reflecting the growing importance of memory and storage in AI and other technologies [18][20]. - The time horizon for customer commitments has extended, indicating a shift towards longer-term planning in memory and storage needs [24][27]. 6. **NAND Market Position**: - Micron has strengthened its position in the NAND market, particularly in the data center SSD segment, achieving over a billion-dollar run rate [41][42]. - The company is focusing on enhancing its NAND offerings to meet the evolving demands of AI systems [42][45]. Additional Important Insights - **Technological Advancements**: Micron's innovations, such as LPDRAM, offer significant power savings and performance improvements, enhancing the value proposition for customers [18][19][46]. - **Sustainability of Demand**: Confidence in the sustainability of current demand is bolstered by both strong demand factors (AI advancements) and proactive supply management strategies [50][53]. - **Investment Strategy**: Micron is committed to disciplined investments in capacity and technology, with a projected CapEx of $20 billion for fiscal 2026, which will be supplemented by the Tongluo acquisition [56][57]. This summary encapsulates the key points discussed during the conference, highlighting Micron's strategic positioning in the memory market and its proactive measures to address supply-demand challenges while capitalizing on emerging opportunities in AI and data storage.

Principal Financial Group (NasdaqGS:PFG) 2026 Conference February 11, 2026 08:50 AM ET Company ParticipantsDeanna Strable - President and CEOModeratorTo the Bank of America U.S. Financial Services Conference, day two. This is going to be the Principal Financial segment of the morning, and if you're looking for the beach, you're probably in the wrong place, but otherwise you're in the right place. We're really honored and happy to have Deanna Strable, who is President and CEO of the company. I think you're a ...