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 [7] - Residential lending grew modestly, up 1% during both the 3 and 12 months ended December 31, 2025 [8] - Consumer indirect loans decreased by 3.7% in Q4 and 4.5% for the year to $807 million [9] 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 [10] - Deposits were up 2% year-over-year despite the ongoing wind down of the banking-as-a-service line of business [10] - The company expects low single-digit deposit growth year-over-year amid a highly competitive landscape [17] Company Strategy and Development Direction - The company is focused on organic growth, credit discipline, and maintaining a strong capital position to deliver long-term value to shareholders [24] - The strategic plan emphasizes deep relationships, prudent expense management, and balancing investments in people and technology [24] - The company aims to drive sustainable growth through its community bank and wealth management firm [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the durability and growth potential of Upstate New York markets, particularly with the recent investment by Micron Technology [8] - The company anticipates stronger residential production in 2026, supported by new producers building their clientele [9] - Management expects a targeted return on average assets of at least 122 basis points and return on average equity exceeding 11.9% for 2026 [13] Other Important Information - The company approved a more than 3% increase to its quarterly dividend and a new share repurchase plan in 2025 [5] - The company completed an $80 million subordinated debt offering with a favorable fixed rate of 6.5% [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 incremental expansion throughout the year [28] Question: Loan growth outlook and indirect auto portfolio - Management confirmed intentional management of the indirect auto portfolio and expressed confidence in commercial loan growth opportunities [32] Question: Share buyback strategy - Management stated that share buybacks remain an attractive capital allocation option, with a focus on maintaining Common Equity Tier 1 above 11% [36] Question: ROA improvement potential - Management noted that accelerated asset originations could impact ROA, but they prioritize profitability over growth [41] Question: Deposit growth initiatives - Management emphasized a focus on core deposit acquisition and the success of treasury management offerings in driving commercial deposit growth [44]

Regeneron Pharmaceuticals (NasdaqGS:REGN) Q4 2025 Earnings call January 30, 2026 08:30 AM ET Company ParticipantsAkash Tewari - Managing Director and Global Head of Biopharmaceutical ResearchAlexandria Hammond - Director and Head of TherapeuticsChris Raymond - Managing DirectorChristopher Fenimore - EVP and CFODavid Risinger - Senior Managing DirectorGeoff Meacham - Managing DirectorGeorge Yancopoulos - Board Co-Chair, Co-Founder, President, and Chief Scientific OfficerLeonard Schleifer - Board Co-Chair, Co ...

Regeneron Pharmaceuticals (NasdaqGS:REGN) Q4 2025 Earnings call January 30, 2026 08:30 AM ET Company ParticipantsAkash Tewari - Managing Director and Global Head of Biopharmaceutical ResearchAlexandria Hammond - Director and Head of TherapeuticsChris Raymond - Managing DirectorChristopher Fenimore - EVP and CFODavid Risinger - Senior Managing DirectorGeoff Meacham - Managing DirectorGeorge Yancopoulos - Board Co-Chair, Co-Founder, President, and Chief Scientific OfficerLeonard Schleifer - Board Co-Chair, Co ...

American Express Company (NYSE:AXP) Q4 2025 Earnings call January 30, 2026 08:30 AM ET Company ParticipantsBrian Foran - Managing DirectorChristophe Le Caillec - CFOCraig Maurer - Managing DirectorDon Fandetti - Managing DirectorJeff Adelson - Executive DirectorKartik Ramachandran - Head of Investor RelationsMoshe Orenbuch - Managing DirectorRick Shane - Managing DirectorRyan Nash - Managing Director for Regional Banks and Consumer FinanceSteve Squeri - Chairman and CEOConference Call ParticipantsCris Kenne ...

Colgate-Palmolive Company (NYSE:CL) Q4 2025 Earnings call January 30, 2026 08:30 AM ET Company ParticipantsAndrea Teixeira - Executive DirectorBonnie Herzog - Managing DirectorDara Mohsenian - Managing Director in US Beverage and Household Products SectorsFilippo Falorni - Director in Equity ResearchJohn Faucher - Chief Investor Relations Officer and EVP in M&AKaumil Gajrawala - Managing Director in Beverage, Household Products, and HALO StrategyKevin Grundy - Managing DirectorLauren Lieberman - Managing Di ...

American Express Company (NYSE:AXP) Q4 2025 Earnings call January 30, 2026 08:30 AM ET Company ParticipantsBrian Foran - Managing DirectorChristophe Le Caillec - CFOCraig Maurer - Managing DirectorDon Fandetti - Managing DirectorJeff Adelson - Executive DirectorKartik Ramachandran - Head of Investor RelationsMoshe Orenbuch - Managing DirectorRick Shane - Managing DirectorRyan Nash - Managing Director for Regional Banks and Consumer FinanceSteve Squeri - Chairman and CEOConference Call ParticipantsCris Kenne ...

Charter Communications (NasdaqGS:CHTR) Q4 2025 Earnings call January 30, 2026 08:30 AM ET Company ParticipantsChris Winfrey - President and CEOJessica Fischer - CFOJessica Reif Ehrlich - Managing DirectorStefan Anninger - SVP of Investor RelationsVikash Harlalka - Director of US Communications Services TeamConference Call ParticipantsFrank Louthan - Managing Director and Senior Telecommunications AnalystMichael Ng - Equity Research AnalystMichael Rollins - Managing Director and an Equity Research AnalystSte ...

Aon (NYSE:AON) Q4 2025 Earnings call January 30, 2026 08:30 AM ET Company ParticipantsBob Huang - Equity Research Executive DirectorEdmund Reese - CFOGreg Case - President and CEOMatthew Heimermann - Managing DirectorConference Call ParticipantsCharlie Lederer - Research AnalystDavid Motemaden - Senior Equity Research AnalystElyse Greenspan - Managing Director and Equity Research AnalystOperatorGood morning, and thank you for holding. Welcome to Aon PLC's fourth quarter 2025 conference call. At this time, a ...

Financial Data and Key Metrics Changes - In Q4 2025, the company achieved a 14% growth in EPS and a 7% growth for the full year, aligning with mid to high single-digit guidance [9] - The operating ratio improved to 60.1% in Q4, a 250 basis point improvement year-over-year, and 61.7% for the full year, improving 120 basis points compared to 2024 [9][33] - Cash flow generated was CAD 3.3 billion, up 8% driven by cash from operations, with capital spending remaining disciplined [9][37] Business Line Data and Key Metrics Changes - The company reported a 4% increase in revenue ton miles (RTMs) and a 3% increase in carloads in Q4, contributing to a 2% revenue growth despite challenging market conditions [24][26] - Intermodal revenues increased by 13% internationally and 6% domestically, with strong performance noted at Vancouver and Prince Rupert [25][26] - Grain shipments set an all-time annual record in 2025, with monthly records achieved in October, November, and December [26] Market Data and Key Metrics Changes - The company faced continued softness in key markets such as forest products and metals, impacted by weak fundamentals and tariffs [25][27] - Petroleum and Chemicals saw growth across all segments, particularly a 9% increase in natural gas liquids volumes driven by strong domestic demand [26] - The overall revenue was negatively impacted by over CAD 350 million due to tariffs, trade uncertainty, and volatility [27] Company Strategy and Development Direction - The company emphasized disciplined execution and productivity improvement as key strategies moving forward, with a focus on areas within their control [8][11] - The management highlighted the importance of maintaining strong cash flow and returning excess capital to shareholders while navigating a challenging macro environment [8][12] - Future guidance will be more directional, tied closely to volume trends, with expectations of flat volumes compared to 2025 [12][39] Management's Comments on Operating Environment and Future Outlook - Management acknowledged high uncertainty and limited visibility in the economic environment, with muted growth expectations and ongoing tariff pressures [11][12] - The company plans to leverage its strong operating leverage and cash generation capabilities to drive earnings and margins as volumes improve [13][41] - The management expressed confidence in the company's ability to navigate through challenges and capitalize on opportunities in the North American markets [15][16] Other Important Information - The board approved a 3% increase in dividends, marking the 30th consecutive year of dividend growth, reflecting confidence in cash generation [38] - A new share buyback program was authorized, allowing the repurchase of up to 24 million common shares [38] Q&A Session Summary Question: Update on incremental revenue target - The company closed with CAD 100 million in incremental revenue for Q4, with an additional CAD 100 million in the pipeline for January [44][45] Question: Clarification on depreciation and earnings growth - Depreciation variance was due to a favorable study and corrections from over-depreciation in past acquisitions [49] - Management indicated that current headwinds are unique and not indicative of a decoupling of earnings from volume [50][52] Question: Outlook on mix and differentiated growth opportunities - The mix impact for 2026 is expected to be similar to 2025, with opportunities in northern markets and natural resources highlighted [56][58] Question: Guidance on volume and earnings shape for 2026 - The first half of 2026 is expected to be softer, with improvement anticipated in the second half [62][63] Question: Volume outlook and performance at Prince Rupert - Strong performance is expected in agriculture and energy sectors, with ongoing investments in infrastructure at Prince Rupert [66][70]

Charter Communications (NasdaqGS:CHTR) Q4 2025 Earnings call January 30, 2026 08:30 AM ET Company ParticipantsChris Winfrey - President and CEOJessica Fischer - CFOJessica Reif Ehrlich - Managing DirectorMichael Ng - Equity research analystStefan Anninger - SVP of Investor RelationsVikash Harlalka - Director of US Communications Services TeamConference Call ParticipantsFrank Louthan - Managing Director and Senior Telecommunications AnalystMichael Rollins - Managing Director and an Equity Research AnalystSte ...