Financial Data and Key Metrics Changes - SEI reported earnings per share (EPS) of $1.38 for Q4 2025, marking the highest quarterly earnings performance in the company's history, with a 16% year-over-year increase and a 6% sequential increase [3][12] - The company achieved double-digit earnings growth for the year and over a full percentage point of operating margin expansion [13][21] - Consolidated operating margins were impacted by severance and M&A costs but showed significant improvement when excluding these costs [15][21] Business Line Data and Key Metrics Changes - Private Banking segment reported $28 million in net sales events, driven by strong performance and new professional services wins [4][16] - Investment Manager Services (IMS) segment benefited from a $3 million revenue accrual true-up, with overall revenue and margins increasing significantly [13][14] - Asset Management segments experienced sequential growth due to market appreciation and healthy flows, despite some client losses in the institutional segment [14][18] Market Data and Key Metrics Changes - Assets Under Management (AUM) grew by 2% and Assets Under Administration (AUA) grew by 3%, supported by strong win momentum and market appreciation [18] - The integrated cash program contributed $21 billion to revenue, matching levels from the prior year and quarter [14] Company Strategy and Development Direction - SEI is focusing on expanding its investment management product launches, particularly in ETFs, SMAs, and select alternative products, with over $1 billion of net inflows into ETFs this year [8] - The company is leveraging automation and AI to lower unit costs and expand access to solutions, supporting entry into underserved segments [9] - SEI aims to double down on successful strategies and continue to build on its integrated approach to capture new flows and deliver greater client value [8][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the sales momentum and expects positive developments in the IMS business by the next earnings call [5][25] - The company is committed to returning 90%-100% of free cash flow to shareholders through dividends and share repurchases, ending the year with $400 million in cash and no debt [19][21] - Management highlighted the importance of maintaining a disciplined approach to investments and cost efficiency while pursuing long-term double-digit earnings growth [21] Other Important Information - SEI completed a significant share repurchase of $101 million in Q4, totaling $616 million for the year, representing nearly 6% of total shares outstanding [19] - The company achieved a major milestone with the first close of its Stratos partnership, enhancing its capabilities in the advisor channel [6][7] Q&A Session Summary Question: Can you provide more color on the sales events from ALTs? - Management indicated that the sales events were a mix of new business and expanding relationships with current clients, with strong pipeline momentum expected to continue into 2026 [25][27] Question: What drives the gap between net recurring and non-recurring sales? - The gap is primarily driven by the growth of the professional services strategy, with many engagements being characterized as one-time professional services [29][30] Question: How should we think about the margin in the private banking segment? - Management expects margins to remain in the high teens range, influenced by the mix of professional services and platform revenues [36][37] Question: What is the impact of workforce reductions on expenses? - The reduction in compensation from workforce reductions is expected to offset annual compensation increases, resulting in a flattish impact on overall expenses [45][46] Question: How significant is the UK market for the institutional business? - The UK market is considered important but is a fraction of the overall institutional business, with ongoing efforts to grow this segment [59][60]

Fair Isaac (NYSE:FICO) Q1 2026 Earnings call January 28, 2026 05:00 PM ET Company ParticipantsAlexander Hess - VP of Equity ResearchDave Singleton - VP of Investor RelationsFaiza Alwy - Managing DirectorKevin McVeigh - Managing DirectorKyle Peterson - Managing Director and Equity ResearchOwen Lau - Managing DirectorRayna Kumar - Managing DirectorRyan Griffin - VP of Equity ResearchSammy Zhang - Equity ResearchScott Wurtzel - Director of Equity ResearchSteve Weber - CFOWill Lansing - CEOConference Call Parti ...

Financial Data and Key Metrics Changes - The company reported record quarterly earnings of $7.4 million or $0.52 per diluted share, an increase of $3.1 million compared to the prior quarter earnings of $4.3 million [43] - The net interest margin was 4.33% for 2025, compared to an industry average of approximately 3.7% [44] - The GAAP gain on sale increased from 3.24% to 3.98% in the fourth quarter, with expectations to trend above 4% in 2026 [45] Business Line Data and Key Metrics Changes - The credit card program experienced a transaction volume of approximately $99 million in the fourth quarter, down from $130 million in previous quarters due to fraud prevention measures [7][11] - The SBA division had a record year for production, with a significant increase in loan production and a healthy pipeline going into the new year [45] - The company implemented changes to incentivize higher spreads in loan sales, resulting in improved gain on sale income [31][32] Market Data and Key Metrics Changes - The company noted that credit cards account for about 30% of all payments in the U.S., which amounts to approximately $6 trillion annually [15] - The company is targeting a significant market share in the gaming fintech sector, with plans to onboard more gaming operators and slot machines [29][75] Company Strategy and Development Direction - The company is focusing on enhancing its gaming fintech operations, particularly through the Bold Bets product, which is expected to significantly grow non-interest-bearing deposits [44][20] - The company is also working on improving its credit card systems and fraud prevention measures to facilitate growth in transaction volumes [11][46] - The company aims to replace $400 million in costly deposits with more efficient SBA originations and guaranteed loan sales [39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of the credit card program, projecting a possible increase in originations from $400 million to $800 million within a year [58] - The management acknowledged challenges in the market, including competition from major platforms like FanDuel and DraftKings, but remains optimistic about capturing market share [59] - The company is adapting to recent interest rate changes and is focused on maintaining strong credit quality and liquidity [49][47] Other Important Information - The company has reorganized its credit card operations and engaged new leadership to enhance its technology capabilities [41][42] - The company sold off about $52 million in investment securities during the quarter to better protect against interest rate fluctuations [48] Q&A Session Summary Question: Can you provide insight into the credit card program's potential for interchange volumes this year? - Management indicated that despite previous challenges, they expect significant growth in credit card originations, potentially doubling from $400 million to $800 million [58][59] Question: What are the expectations for SBA loan volumes and gain on sale margins moving forward? - Management expressed confidence in continued growth for the SBA platform, supported by a strong broker network and incentivization strategies [60][62] Question: Was there any change in provisioning for the fourth quarter related to non-guaranteed NPAs? - Management confirmed adjustments to the Q factors for SBA loans, resulting in a reduction of reserves based on historical performance analysis [64][66]

Financial Data and Key Metrics Changes - The company reported record quarterly earnings of $7.4 million or $0.52 per diluted share, an increase of $3.1 million compared to the prior quarter earnings of $4.3 million [39] - The net interest margin was 4.33% for 2025, compared to an industry average of approximately 3.7% [40] - The GAAP gain on sale increased from 3.24% to 3.98% in the fourth quarter, with expectations to trend above 4% in 2026 [41] Business Line Data and Key Metrics Changes - The credit card program saw a transaction volume of approximately $99 million in the fourth quarter, down from $130 million in the previous quarters due to fraud prevention measures [6][10] - The SBA had a record year for production, with a significant increase in loan production and a healthy pipeline going into the new year [41] - The company implemented changes to incentivize higher spreads in loan sales, resulting in improved gain on sale income [28][41] Market Data and Key Metrics Changes - The company noted that credit cards account for about 30% of all payments in the U.S., which is approximately $6 trillion annually [13] - The company is targeting a significant market share in the gaming sector, with 150,000 slot machines in Nevada and 800,000 across the country [25][26] Company Strategy and Development Direction - The company is focusing on enhancing its Gaming FinTech operations, particularly through the BoltBetz product, which is expected to significantly grow non-interest-bearing deposits [40][24] - The company is also working on improving its credit card systems and fraud prevention measures to support future growth [10][42] - The company aims to replace $400 million in costly deposits with more SBA originations and guaranteed loan sales [35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of the credit card program, projecting a possible increase in originations from $400 million to $800 million within a year [54] - The management highlighted the importance of fraud prevention measures and the positive contribution of the credit card program to the bank's bottom line despite recent challenges [42] - The company is optimistic about the future of its SBA loans, citing strong collateral and a low default rate [33] Other Important Information - The company has reorganized its credit card operations and engaged new leadership to enhance its technology capabilities [37][38] - The company sold off about $52 million in investment securities during the quarter to better protect against interest rate changes [44] Q&A Session Summary Question: Can you provide insight into the potential for interchange volumes this year? - Management indicated that while they are not providing specific guidance, they expect significant growth in credit card originations, potentially doubling from $400 million to $800 million [54][55] Question: Should we expect continued improvement in gain on sale margins for the SBA platform? - Management confirmed that they expect growth in SBA volumes and have incentivized their team to achieve higher GAAP gain on sale margins [58][59] Question: Was there any change in the Q factor for the ACL that drove the negative provision? - Management noted adjustments in the Q factors based on historical analysis of the SBA loans, leading to a reduction in reserves [60][61]

Financial Data and Key Metrics Changes - Revenue in Q2 increased by 12.4% to $503.4 million, driven by all three segments, with Walden contributing significantly due to a one-week academic calendar shift [17][26] - Adjusted EBITDA grew to $154.9 million, up 23.9% year-over-year, with an adjusted EBITDA margin of 30.8%, expanding 290 basis points from last year [18][25] - Adjusted net income for the quarter was $87.9 million, a 26.7% increase compared to last year, with adjusted earnings per share rising to $2.43, a 34.3% increase [19][20] Business Line Data and Key Metrics Changes - Chamberlain reported revenue of $183.8 million, a 1.6% increase, but total student enrollment declined by 1% [22] - Walden's revenue reached $217.6 million, a 27% increase, with total student enrollment up 13% [23] - The Medical and Veterinary segment generated $102 million in revenue, a 6.9% increase, with adjusted EBITDA increasing by 17.6% [24][25] Market Data and Key Metrics Changes - Total enrollment across the company grew over 6% to 97,000 students, with Walden achieving record total enrollments of 52,400 students [7][11] - Chamberlain's pre-licensure BSN programs have grown for 14 consecutive quarters, while post-licensure programs faced declines [22][10] Company Strategy and Development Direction - The company is focused on addressing the healthcare workforce crisis by expanding capacity and creating new revenue streams [6][7] - A disciplined, returns-focused approach to capital allocation is being maintained, with $165 million deployed to share repurchases [4][20] - The upcoming Investor Day will outline a multi-year growth framework and capacity expansion plans [7][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year revenue guidance of 6%-8.5% growth and raised adjusted EPS guidance to 17%-20% growth [4][27] - The healthcare workforce crisis is intensifying, creating opportunities for the company to expand its role in healthcare education [6][7] - Management noted that application volumes for nursing programs are up, indicating potential future enrollment growth [10][39] Other Important Information - The company repurchased 1.7 million shares at an average price of $95, completing a prior $150 million authorization and announcing a new $750 million authorization [20] - The trailing twelve months operating cash flow generation reached $428 million, up $146 million year-over-year [20] Q&A Session Summary Question: Update on Walden's growth and market share - Management noted balanced growth across programs, particularly in behavioral sciences and nursing, indicating potential market share gains [32] Question: Regulatory changes and partnership with Sallie Mae - Management confirmed ongoing work with Sallie Mae on documentation for a partnership to provide loan dollars, particularly for the medical and veterinary segment [33] Question: Chamberlain's enrollment and marketing effectiveness - Management discussed improvements in application volumes and marketing effectiveness, expressing confidence in a positive enrollment trajectory for the fall cycle [39][40]

Financial Data and Key Metrics Changes - The company delivered 3,435 residential units in Q4 2025, exceeding guidance, with a total of 10,792 units delivered for the full year [4] - Net income for Q4 was $36 million, or $1.21 per diluted share, with adjusted net income at $47 million, or $1.59 per diluted share [19] - Home sales revenues for Q4 reached $1.1 billion, up 16% sequentially, while average sales price decreased by 5% to $367,000 [19] Business Line Data and Key Metrics Changes - The Century Living segment contributed to revenues with the sale of a 300-unit multifamily community for $97 million [20] - The company repurchased over 7% of its shares outstanding at the beginning of the year, totaling 2.3 million shares for $178 million [5][25] Market Data and Key Metrics Changes - The average community count increased by 13% to 318 communities in 2025, with expectations for low- to mid-single-digit percentage growth in 2026 [12][14] - The mortgage capture rate was 84% for both Q4 2025 and the full year, representing records for the company [23] Company Strategy and Development Direction - The company plans to maintain a disciplined approach to growth, focusing on existing lot counts and not expanding for the sake of growth alone [7] - The land acquisition and development expense is expected to remain flat in 2026, with the ability to adjust based on market conditions [15][16] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the spring selling season, noting improved order activity and potential consumer interest [29][31] - The company anticipates that any interest rate relief or governmental support for homebuyers could unlock buyer demand [7] Other Important Information - The company maintained a quarterly cash dividend of $0.29 per share and ended the year with $2.6 billion in stockholders' equity [24] - The company achieved a record book value per share of $89 at the end of Q4 2025 [5][25] Q&A Session Summary Question: Insights on the spring selling season - Management noted that while January sales pace has been slower compared to the previous year, order activity has improved sequentially, and they are hopeful for a better spring selling season [29][30] Question: Expectations for gross margin - Management indicated that gross margins may see a slight pullback due to incentives but expect to revert to a more balanced approach in the future [41][42] Question: Community count growth - Management expects community count to grow steadily throughout the year, particularly in the middle and back half of the year [33] Question: Stock repurchase authorization - Approximately 1.5 million shares remain under the stock repurchase program [45] Question: SG&A as a percentage of sales - SG&A is expected to be 14.5% in Q1 2026, higher than previous levels due to typical seasonal trends [51][52]

ServiceNow (NYSE:NOW) Q4 2025 Earnings call January 28, 2026 05:00 PM ET Company ParticipantsAmit Zavery - President, Chief Product Officer, and COOBill McDermott - Chairman and CEODarren Yip - SVP of Investor Relations and Market InsightsGina Mastantuono - President and CFOKeith Weiss - Managing DirectorPatrick Walravens - Managing DirectorSamad Samana - Managing DirectorConference Call ParticipantsAlex Zukin - Managing Director and Senior AnalystBrian Schwartz - Managing Director and Senior AnalystGabriel ...

LendingClub (NYSE:LC) Q4 2025 Earnings call January 28, 2026 05:00 PM ET Company ParticipantsArtem Nalivayko - VP, Head of FPandA, and Investor RelationsDavid Scharf - Managing DirectorDrew LaBenne - CFOGiuliano Bologna - Managing DirectorJohn Hecht - Managing DirectorKyle Joseph - Managing Director and Senior Equity ResearchScott Sanborn - CEOVincent Caintic - Managing DirectorConference Call ParticipantsTimothy Switzer - VP and Senior Equity Research AnalystOperatorLadies and gentlemen, thank you for join ...

SEI Investments (NasdaqGS:SEIC) Q4 2025 Earnings call January 28, 2026 05:00 PM ET Speaker6Hello, and thank you for standing by. Welcome to SEI Fourth Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, ...

Raymond James Financial (NYSE:RJF) Q1 2026 Earnings call January 28, 2026 05:00 PM ET Speaker8Good evening, and welcome to Raymond James Financial's Fiscal First Quarter 2026 earnings call. This call is being recorded and will be available for replay for 30 days on the company's investor relations website. I'm Christie Waugh, Senior Vice President of Investor Relations. Thank you for joining us. With me on the call today are Chief Executive Officer, Paul Shoukry, and Chief Financial Officer, Butch Oorlog. T ...