Financial Data and Key Metrics Changes - Adjusted diluted earnings per share increased by 18% quarter-over-quarter and 29% year-over-year, reaching a new high [3] - Return on assets (ROA) improved to 1.29% from 0.99% in Q4 2024 [3] - Net interest income rose by $1 million or 1.7% from the prior quarter, driven by a higher interest margin [6] - Net interest margin increased to 3.7% from 3.64% in the prior quarter and from 3.36% in Q4 2024 [7] - Total loan balances increased by $14 million in Q4, with a loan portfolio growth of 5.54% [5] Business Line Data and Key Metrics Changes - Commercial lending closed $254 million in new loan commitments, down from $317 million last quarter [13] - Total new loan production was $271 million, offset by elevated payoffs and prepaids [13] - The yield on the investment portfolio decreased to 3.26% in Q4 compared to 3.35% in Q3 [6] Market Data and Key Metrics Changes - Total deposits increased by $63 million in Q4, primarily due to a $100 million increase in interest-bearing demand deposits [5] - The cost of interest-bearing demand deposits decreased to 1.8% from 1.89% in the prior quarter [5] Company Strategy and Development Direction - The company plans to close the merger with Olympic Bancorp at the end of January, which is expected to enhance profitability and growth in the Puget Sound market [4] - The company aims to resume loan growth at more historical levels in 2026, following a period of elevated loan payoffs [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating future challenges and capitalizing on growth opportunities [16] - The company anticipates continued improvement in net interest margin and deposit costs due to recent rate cuts [20][21] Other Important Information - The company remains above capital life thresholds, with a tangible common equity (TCE) ratio of 10.1%, up from 9.8% in the prior quarter [8] - Non-accrual loans totaled $21 million, representing 0.44% of total loans, an increase from 0.37% at the end of Q3 [9] Q&A Session Summary Question: Margin outlook given adjustable rate opportunities - Management noted that despite recent rate cuts, loan yields slightly grew in Q4, and they expect further improvement in margins without the merger [20][21] Question: Loan growth expectations for 2026 - Management indicated a potential for lower payoffs and a return to positive net advances in 2026, with good visibility in the loan pipeline [29] Question: Operating expense growth expectations - Management expects approximately $20-$21 million in merger-related expenses, with a run rate for Q2 and Q3 projected in the mid-$56 million range [32][33] Question: Thoughts on crossing the $10 billion asset threshold - Management stated that they are several years out from crossing the $10 billion mark on an organic basis, focusing on integrating Olympic first [35][36] Question: Competition in loan yields - Management acknowledged a competitive market for commercial loans but did not see any significant changes in competition levels [42][44] Question: Capital priorities in 2026 - Management highlighted the importance of closing the Olympic transaction and indicated potential for buybacks post-merger [48][49]

Summary of INVO Fertility 2026 Extraordinary General Meeting Company Overview - **Company**: INVO Fertility (NasdaqCM:INVO) - **Meeting Date**: January 22, 2026 - **Participants**: CEO Steve Shum, CFO Tara Kriegswald, Corporate Secretary Andrea Goren, legal counsel Mark Andalia, and Inspector of Election Jim Reid Key Proposals and Voting Outcomes 1. **Appointment of Independent Auditor** - Proposal to ratify the appointment of WithumSmith+Brown, PC as the independent registered public accounting firm for the fiscal year ending December 31, 2025 - **Votes in Favor**: 865,418, which exceeds the majority required [21] 2. **Issuance of Common Stock** - Proposal to approve the issuance of up to 4,733,728 shares of common stock upon exercising warrants from a private placement transaction that closed on December 4, 2025 - **Votes in Favor**: 118,385, which exceeds the votes against [22] 3. **Increase in Authorized Shares** - Proposal to amend the Articles of Incorporation to increase the number of authorized shares from 6,250,000 to 250,000,000 - **Votes in Favor**: 663,861, which exceeds the votes against [23] 4. **Amendment to Stock Incentive Plan** - Proposal to approve a Fourth Amendment and restatement of the 2019 Stock Incentive Plan to increase the number of shares available for issuance to 1,000,000 - **Votes in Favor**: 349,649, which exceeds the votes against [24] 5. **Adjournment for Additional Proxies** - Proposal to approve any adjournments of the meeting for soliciting additional proxies if necessary - **Votes in Favor**: 732,663, which exceeds the votes against [25] Quorum and Meeting Proceedings - **Total Outstanding Shares**: 2,386,826 - **Quorum Requirement**: At least 795,609 shares must be present - **Shares Represented**: 944,054 shares or 39.55% of total outstanding shares, confirming quorum [8] Additional Notes - The meeting was conducted virtually, and stockholders were provided with a link to inspect the list of stockholders entitled to vote [7] - The meeting concluded with a positive outlook for the company's strategic growth plan for the year ahead, expressing gratitude to stockholders for their support [28]

Summary of Thunderbird Entertainment Group Extraordinary General Meeting Company Overview - **Company**: Thunderbird Entertainment Group Incorporated - **Event**: 2026 Extraordinary General Meeting - **Date**: January 22, 2026 Key Points Meeting Structure and Participation - The meeting was held virtually to ensure full participation of registered shareholders and proxy holders [2][5] - Only registered shareholders as of the record date and their proxy holders were allowed to participate, ask questions, and vote [2][5] Arrangement with Blue Ant Media Corporation - The primary agenda was to consider a special resolution for an arrangement involving Blue Ant Media Corporation acquiring all issued and outstanding shares of Thunderbird [9] - Shareholders were entitled to receive either CAD 1.77 in cash for each share, 0.2165 subordinate voting shares in Blue Ant per Thunderbird share, or a combination of both [9][10] - The arrangement was subject to a cash maximum of CAD 40 million [10] Voting and Approval Process - The special resolution required at least two-thirds of the votes cast by shareholders present or represented by proxy to be approved [10] - The board of directors and the Strategic Review Committee unanimously recommended the arrangement as being in the best interests of Thunderbird [11] Outcome of the Meeting - The motion to approve the arrangement was carried based on the votes represented by proxy [14] - The meeting concluded with no further business, and the chair thanked participants for their involvement [15][16] Additional Important Information - The meeting materials were made available online, and the notice calling the meeting was sent to all shareholders in compliance with regulations [6] - Technical support was provided for participants experiencing issues with the virtual platform [8]

Financial Performance - Full Year 2025 - Net income reached $134.2 million[9] - Earnings per share (EPS) amounted to $3.49[9] - Return on average assets (ROA) was 1.38%[9] - Return on average equity (ROE) stood at 9.29%[9] Financial Performance - Fourth Quarter 2025 - Net income totaled $34.0 million[13] - Earnings per share (EPS) were $0.89[13] - Return on average assets (ROA) was 1.37%[13] - Return on average equity (ROE) stood at 9.13%[13] - Pre-provision net revenue to average assets (PPNR) increased by 6 basis points to 1.95%[16] - Net interest margin (NIM) expanded by 6 basis points to 3.99%[16] Balance Sheet - Total loan growth reached $329.0 million, a 4.25% increase[9, 11] - Total deposit growth was $175.7 million, with customer deposit growth of $220.5 million, representing a 2.92% increase[9, 11] - Loan growth of $91.0 million, annualized at 4.52%, primarily in commercial loans[13, 24] - Total deposit growth of $36.9 million, annualized at 1.85%, with customer deposit growth of $56.9 million, annualized at 2.92%[13, 24] Asset Quality - Net loan charge-offs were $11.0 million, representing 0.54% of total loans[33] - The allowance for credit losses (ACL) decreased by 8 basis points to 1.15% compared to 1.23% at the end of the previous quarter[33] Capital Management - The company repurchased 948,270 shares for $36.2 million in the fourth quarter[16, 54] - A new share repurchase authorization of $100 million was approved in January 2026[16, 54]

Investor Presentation Fourth Quarter and Full Year 2025 Results Forward-Looking Statements and Other Matters This presentation includes forward-looking statements within the meaning of the "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, liquidity and capital ratios, and other non-historical statements, including statements in the "2026 Strategi ...

INVESTOR PRESENTATION Q4 2025 FORWARD LOOKING STATEMENTS This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements often include words such as "believes," "expects," "anticipates," "estimates," "forecasts," "intends," "plans," "targets," "potentially," "probably," "projects," "outlook" or similar expressions or future or conditional verbs such as "may," "will," "should," "would," and "could," as well as the negative of ...

Summary of LGL Group Conference Call Company Overview - **Company Name**: LGL Group - **Stock Exchange**: New York Stock Exchange (Symbol: LGL) - **Founded**: 1917, listed in 1946 - **Market Capitalization**: Approximately $43 million with 6.39 million shares outstanding after warrant exercise [5][4][6] - **Principal Operating Facility**: Wakefield, Massachusetts, focusing on radio frequency technology [5][10] Core Business and Strategic Focus - **Defense Sector**: The company emphasizes growth in the defense sector, particularly in advanced precision navigation and timing, which is a significant area of investment for the Department of Defense [6][10] - **Growth Strategy**: Plans to grow both organically and inorganically, with a focus on new business initiatives and potential mergers and acquisitions (M&A) [3][8][12] - **Investment Vehicles**: Development of merchant investment vehicles, including special purpose vehicles (SPVs) and venture opportunities [8][15] Financial Highlights - **Book Value**: Estimated pro forma book value of about $7.25 per share [5] - **Recent Performance**: MtronPTI, a company spun off to shareholders in 2022 at $13 per share, is now trading in the 60s, showcasing successful value creation [12] Strategic Initiatives - **M&A Pipeline**: The company has a robust M&A pipeline but has put the acquisition of Morgan Group on hold for reevaluation due to ongoing diligence and strategic priorities [9][25] - **Cluster Development**: Plans to enhance presence in key areas such as Virginia, Baltimore, and Washington, D.C. to leverage engineering talent and deal flow [28] Shareholder Engagement - **Upcoming Shareholder Meeting**: Expected in the second quarter, aligned with the release of the 10-K results, to engage with shareholders and discuss future initiatives [33] Key Challenges and Considerations - **Market Positioning**: PTF division is perceived as dated compared to competitors like SiTime and Frequency Electronics, prompting discussions on innovation and product development [20] - **Agricultural Sector**: The company is still exploring opportunities in the agricultural sector, which may complement its defense activities [21][22] Conclusion - LGL Group is positioned for growth with a focus on the defense sector and strategic investments. The upcoming shareholder meeting will provide further insights into the company's direction and initiatives for value creation [14][33]

Upexi (NasdaqCM:UPXI) Conference January 22, 2026 11:30 AM ET Company ParticipantsBrian Rudick - Chief Strategy OfficerOperatorGood afternoon, everyone. Welcome to the day two of the Sidoti Micro-Cap Conference. My name is Aashi Shah, and I'm an Analyst here at Sidoti. With me today, I have Upexi, Inc. Joining me in welcoming Brian Rudick, Chief Strategy Officer. We have 30 minutes today, including the Q&A. I would like to request everyone in the audience to submit your questions at the Q&A section at the b ...

Financial Data and Key Metrics Changes - Gross loans increased by $230 million, or 5.5% compared to the third quarter, reaching $4.39 billion, marking a 10.8% rise year-over-year [5] - Total assets ended the year at $5.34 billion, reflecting a 5.5% increase over the third quarter and an 8.1% rise compared to the previous year-end [6] - Total deposits grew by over $254 million in the fourth quarter, reaching $4.6 billion, a 5.8% increase from the third quarter and a 7.3% rise year-over-year [6] - Net income for the fourth quarter was $17.9 million, leading to a record total annual net income of $66.3 million, reflecting a 39% increase year-over-year [8] - Return on equity was 14%, marking a 24% increase from last year [8] - Earnings per share reached $1.02 for the quarter and totaled $3.79 for the year, representing a 36% increase from the prior year [8] Business Line Data and Key Metrics Changes - Service charges and fees increased by approximately 24% over the third quarter and an impressive 55% year-over-year [6] - Loan interest income and fees grew by about 7% compared to the previous year [6] - Non-accrual loans decreased by $603,000 in the fourth quarter and $16.7 million for the full year, indicating improved credit quality [11] Market Data and Key Metrics Changes - The cost of funds stood at 3.33% in the fourth quarter, reflecting a 23 basis point improvement from the third quarter and a 50 basis point improvement from a year ago [9] - The loan-to-deposit ratio maintained at 95% [9] Company Strategy and Development Direction - The company is focused on the integration of its merger with Keystone Bankshares, Inc., aiming to create a combined $6 billion entity with 22 locations across Texas [13][14] - Strategic initiatives for 2026 include achieving loan growth targets of $75-$100 million per quarter and maintaining disciplined underwriting practices [14] - The company aims to enhance operational efficiency while scaling its organization for greater success [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to continue delivering substantial value to shareholders and highlighted the positive momentum generated in 2025 [13][15] - The outlook for 2026 is optimistic, with expectations of favorable loan production conditions and a strong pipeline [24][31] Other Important Information - The allowance for credit losses represented 1% of total loans, slightly declining from 1.02% at the previous year-end [12] - The company has reinitiated its 1% initiative to improve efficiency and is expected to realize more efficiencies from the upcoming core conversion [49] Q&A Session Summary Question: Inquiry on expenses and actions taken in the quarter - Management noted $1.5 million in sign-on and severance costs, with additional merger-related expenses expected [19][20] Question: Future hiring post-acquisition - Management indicated ongoing hiring as a talent magnet, with no fundamental shift expected in operations [22] Question: Loan growth expectations post-Keystone acquisition - Management maintained the loan growth target of $75-$100 million per quarter, with potential for favorable conditions in 2026 [24][31] Question: Deposit growth drivers - Management clarified that deposit growth was somewhat seasonal and not driven by specific campaigns [44] Question: Expectations for non-interest income - Management expressed optimism for non-interest income, projecting a strong run rate [51] Question: Update on securitization pipeline - Management indicated likelihood of another securitization in 2026, focusing on selling existing assets [55] Question: Appetite for additional M&A - Management confirmed ongoing strategic planning for M&A, remaining selective in opportunities [40]

Financial Data and Key Metrics Changes - Independent Bank Corporation reported fourth quarter 2025 net income of $18.6 million or $0.89 per diluted share, compared to $18.5 million or $0.87 per diluted share in the prior year period [3] - For the year ended December 31, 2025, net income was $68.5 million or $3.27 per diluted share, up from $66.8 million or $3.16 per diluted share in 2024 [3] - Net interest income increased by $1 million or 2.2% over the third quarter of 2025, with a net interest margin of 3.62%, up eight basis points from the previous quarter [4] - Return on average assets and return on average equity were 1.35% and 14.75% respectively [4] - The tangible common equity ratio increased to 8.65% [4] Business Line Data and Key Metrics Changes - Total loans grew by $78 million or 7.4% annualized in the fourth quarter, with a total loan portfolio increase of $237 million or 5.9% for the year [9] - The commercial portfolio saw significant growth of $276 million or 14.2%, with quarterly growth of $88 million or 16% annualized [9] - The residential mortgage portfolio grew by $7.2 million, while the installment loan portfolio decreased by $17 million for the quarter [9] Market Data and Key Metrics Changes - Deposits totaled $4.8 billion at December 31, 2025, an increase of $107.6 million from December 31, 2024 [6] - The deposit base comprised 47% retail, 37% commercial, and 16% municipal, with all three portfolios up year-over-year [7] - Business deposits increased by $20.4 million, while retail deposits increased by $64.1 million, offset by a $28.6 million decrease in municipal deposits [7] Company Strategy and Development Direction - The company aims to continue investing in talent acquisition and technology to enhance its community banking franchise [23] - There is a focus on maintaining a strong commercial loan pipeline and integrating talented bankers into the organization [6] - The company anticipates loan growth in the mid-single-digit range for 2026, with a target of 4.5%-5.5% [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate economic challenges and continue delivering strong results [23] - The outlook for net interest income growth is projected at 7%-8% for 2026, with net interest margin expansion expected [20] - Management noted that credit quality metrics remain positive, with non-performing loans at 54 basis points of total loans [11] Other Important Information - The company repurchased 407,113 shares of common stock for an aggregate purchase price of $12.4 million in 2025 [13] - A tax credit transfer agreement was executed, expected to reduce tax obligations and enhance earnings per share [19] Q&A Session Summary Question: Market outlook in Michigan and banker additions - Management expects to add a net of four to five bankers in 2026, with opportunities in Southeast Michigan due to M&A dislocation [27] Question: Loan growth outlook - The company anticipates mid-single-digit loan growth due to a strategic emphasis on commercial banking, with some shrinkage in consumer loans [30] Question: Margin guidance - Management forecasts a margin expansion of five to seven basis points in Q1 2026, with three to five basis points in subsequent quarters [36] Question: Capital management and M&A interest - The company is excited about its capital position, allowing flexibility for share repurchases and potential M&A opportunities, though not a requirement for success [39][41] Question: Charge-off expectations - Management expects charge-offs to remain low, similar to recent history, with a provision for credit losses of 20-25 basis points [53]