Insperity (NSP) Q1 2025 Earnings Call April 29, 2025 01:48 PM ET Speaker0 morning. My name is Paul, and I will be your conference operator today. I would like to welcome everyone to the Insperity First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. Please note this conference is being recorded. At this time, I would like to introduce today's speakers. Joining us are Paul Sarvadi ...

Financial Data and Key Metrics Changes - FBRT reported GAAP earnings of $23.7 million or $0.20 per diluted common share for Q1 2025, while distributable earnings were negative $6.2 million or negative $0.12 per fully converted share [15] - Distributable earnings before realized losses were $31.9 million or $0.31 per fully converted common share [15] - The book value per fully converted common share at the end of the quarter stood at $14.95, reflecting a decrease primarily due to dividend payouts exceeding earnings [18] Business Line Data and Key Metrics Changes - The company originated $341 million in new loan commitments during Q1 2025, with multifamily loans accounting for 79% of total origination volume [18] - Loan repayments totaled $353 million, predominantly from loans originated in 2021 and 2022 [18] - The average cost of debt on the core portfolio was SOFR plus 2.18% [19] Market Data and Key Metrics Changes - The core portfolio totaled $4.8 billion at quarter end, comprised of 152 loans, with multifamily securing 71% of the portfolio [23] - The average risk rating at quarter end was 2.2, with 146 of 152 positions risk-weighted at two or three [12] Company Strategy and Development Direction - The pending acquisition of NewPoint is expected to provide meaningful synergies and aligns with the strategic focus on the multifamily sector, enhancing earnings quality and consistency [13] - The company aims to recycle the bulk of its legacy book into current vintage loans, positioning itself for sustained growth [13] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the NewPoint acquisition, viewing it as a catalyst for long-term value creation [13] - The company anticipates challenges in dividend coverage in the near term due to REO and non-performing loan portfolios, but believes in its long-term earning power [17] Other Important Information - The company has a liquidity position of $913 million, including $215 million in unrestricted cash [12] - The REO portfolio stood at 12 positions at quarter end, with plans to liquidate assets for optimal recovery [28] Q&A Session Summary Question: Plans for loan portfolio and REO proceeds - Management indicated that any new capital from REO sales would be proactively reinvested into new originations as soon as possible [35] Question: Impact of NewPoint acquisition on expenses - Expenses in Q1 included transaction costs related to NewPoint and REO expenses, which elevated overall costs [36] Question: Dividend sustainability and REO impact - Management is monitoring how quickly REO assets can be turned over and the potential impact of market volatility on dividend coverage [46][47] Question: Originations and deal flow - Management noted that while originations were paused for cash gathering for NewPoint, they expect to resume soon with a consistent deal flow available [55][58] Question: Changes at Fannie, Freddie, and HUD - Management expressed uncertainty about government actions but highlighted the unique opportunity presented by the NewPoint acquisition to build a competitive multifamily lending platform [62] Question: Agency business revenue contribution - Management did not disclose specific percentages for agency business revenue at close but indicated more details would be provided in the future [79]

Exelon (EXC) FY 2025 Annual General Meeting April 29, 2025 01:46 PM ET Speaker0 Welcome to the Annual Meeting for Exelon Corporation. Our host for today's call is Paul Bowers, Member of the Board. I will now turn the call over to your host. Mr. Bowers, you may begin. Speaker1 Well, thank you, and good morning. Twenty fifth Annual Meeting of the Shareholders of Exelon Corporation will now come to order. My name is Paul Bowers, and I am the Exelon of one of the members of Exelon's Board of Directors. As discl ...

NeoGenomics (NEO) Q1 2025 Earnings Call April 29, 2025 01:46 PM ET Speaker0 Greetings, and welcome to the NeoGenomics First Quarter twenty twenty five Conference Call. At this time, all participants are on a listen only mode, and a question and answer session will follow the formal presentation. Please note this conference is being recorded. I will now turn the conference over to your host, Kendra Sweeney, VP of Investor Relations. Ma'am, you may begin. Speaker1 Thank you, Ellie. Good morning, everyone, and ...

Shift4 Payments (FOUR) Q1 2025 Earnings Call April 29, 2025 01:46 PM ET Speaker0 Greetings. Welcome to the Shift4 First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It's now my pleasure to introduce Tom McClellan. Thank you, Tom. You may now begin your presentation. Speaker1 Thank you, operator, and good morning, everyone, and we ...

American Express (AXP) FY 2025 Annual General Meeting April 29, 2025 01:39 PM ET Speaker0 Good morning, and welcome to American Express Company's twenty twenty five Annual Meeting of Shareholders. Please note that this audio cast will be recorded and will consist of copyrighted material. You may not record or rebroadcast these materials without the express written consent of American Express. I will now turn the call over to Mr. Steven Squeri, Chairman of the Board of Directors and Chief Executive Officer. ...

Hillman Solutions (HLMN) Q1 2025 Earnings Call April 29, 2025 01:31 PM ET Speaker0 Good morning, and welcome to the First Quarter twenty twenty five Results Presentation for Hillman Solutions Corp. My name is Gigi, and I'll be your conference call operator today. Before we begin, I would like to remind our listeners that today's presentation is being recorded and simultaneously webcast. The company's earnings release, presentation and 10 Q were issued this morning. These documents and a replay of today's pr ...

Teradyne (TER) Q1 2025 Earnings Call April 29, 2025 01:29 PM ET Speaker0 Greetings. Welcome to Teradyne Incorporated First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce Tracy Tuchiguchi, Vice President, Investor Relations. Thank you. You may begin. Speaker1 Thank you, operator. Good morning, ev ...

Anywhere Real Estate (HOUS) Q1 2025 Earnings Call April 29, 2025 01:29 PM ET Speaker0 Good morning and welcome to the Anywhere Real Estate First Quarter twenty twenty five Earnings Conference Call via webcast. Today's call is being recorded and a written transcript will be made available in the Investor Information section of the company's website tomorrow. A webcast replay will also be made available on the company's website. At this time, I would like to turn the conference over to Anywhere Senior Vice Pr ...

PJT Partners (PJT) Q1 2025 Earnings Call April 29, 2025 01:28 PM ET Speaker0 Good day, everyone, and welcome to the TJT Partners First Quarter twenty twenty five Earnings Conference Call. Just a reminder, today's conference is being recorded. And at this time, I would like to turn the conference over to Ms. Sharon Pearson, Head of Investor Relations. Please go ahead, ma'am. Speaker1 Thank you very much, Bo. Good morning, and welcome to the PJT Partners First Quarter twenty twenty five Earnings Call. I'm Sha ...