F.N.B. Corporation Fourth Quarter 2025 January 21, 2026 Cautionary Statement Regarding Forward-Looking Information This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those that do not relate to historical facts and that are based on current assumptions, beliefs, estimates, expectations and projections, many of which, by their nature, are inherently uncertain and beyond our control. Forward-looking sta ...

Q1 2026 Performance Highlights - Sales reached $4.7 billion, a 22% increase reported and a 15% increase on an organic basis year-over-year[7] - Orders hit a record $5.1 billion, up 28% year-over-year and 9% sequentially, resulting in a book-to-bill ratio of 1.1[7] - Adjusted operating margins expanded by 180 basis points year-over-year to 22%, driven by strong operational performance[7] - Adjusted EPS increased by 33% year-over-year to $2.72[7] - Strong free cash flow generation of $608 million, with approximately 100% returned to shareholders[7] Q2 2026 Guidance - Expect sales of approximately $4.7 billion, representing a 13% increase reported and a 6% increase organically year-over-year[7] - Adjusted EPS is projected to be around $2.65, a 20% increase year-over-year[7] Segment Performance - Industrial Solutions (Q1 2026) - Sales were $2.202 billion, up 38% reported and 26% organically[13] - Adjusted operating margin expanded by 520 basis points to 23.3%[13] - Digital Data Networks (DDN) sales increased by 71% reported and 70% organically[15] Segment Performance - Transportation Solutions (Q1 2026) - Sales were $2.467 billion, up 10% reported and 7% organically[18] - Adjusted operating margin was 21.2%[18] - Automotive sales increased by 10% reported and 7% organically[18]

Q3 2026 Earnings Presentation January 21, 2026 1 Today's Presenters Zak Calisto Group CEO & Founder Goy Hoeshin Group CFO All information provided in this presentation is as of the date of this presentation, and we do not undertake any duty to update such information, except as required under applicable law. Non-IFRS Financial Measures This presentation includes certain non-IFRS financial measures, including ARR, ARPU, adjusted EBITDA, adjusted EBITDA margin, adjusted free cash flow and adjusted EPS. These ...

Earnings Conference Call Bill Rogers – Chairman & CEO Fourth Quarter 2025 Earnings Conference Call Mike Maguire – CFO Bill Rogers - Chairman & CEO Mike Maguire - CFO January 21, 2026 January 21, 2026 Fourth Quarter 2024 Forward-looking statements From time to time we have made, and in the future will make, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or curr ...

Ryanair (NasdaqGS:RYAA.Y) Update / briefing January 21, 2026 05:00 AM ET Company ParticipantsMichael O'Leary - CEOEddie Wilson - CEOStephen Murphy - Ireland CorrespondentConference Call ParticipantsNone - AnalystNone - AnalystNone - AnalystNone - AnalystNone - AnalystNone - AnalystNone - AnalystNone - AnalystNone - AnalystNone - AnalystNone - AnalystNone - AnalystNone - AnalystIan Begley - AnalystMichael O'LearyLadies and gentlemen, you're all very welcome. We had originally called this press conference to ...

Financial Data and Key Metrics Changes - Earnings for the fourth quarter were $262 million, up 19% from the prior quarter and 31% year-over-year, driven by stronger revenues and lower provision for credit losses [4] - Net interest margin expanded for the eighth consecutive quarter to 3.31%, benefiting from an improved funding mix [4][9] - Annualized average loans were flat compared to the last quarter, but period-end balances increased by $615 million [4][16] - Tangible book value per share increased by 21% year-over-year, marking the third consecutive year of growth over 20% [7][22] - Diluted earnings per share rose to $1.76 from $1.48 last quarter and $1.34 a year ago [7] Business Line Data and Key Metrics Changes - Net interest income increased by $56 million or 9% compared to the fourth quarter of 2024 [9] - Customer-related noninterest income was $177 million for the quarter, up from $163 million in the prior period [11] - Adjusted customer-related noninterest income, excluding net CVA, was a record $175 million for the quarter [12] - Capital markets fees, excluding net CVA, increased by 25% compared to the full year 2024 [13] Market Data and Key Metrics Changes - Average non-interest-bearing deposits grew by $1.7 billion or 6% compared to the prior quarter [17] - Period-end deposit balances grew by $766 million versus the prior quarter [19] - The cost of total deposits declined by 11 basis points sequentially to 1.56% [18] Company Strategy and Development Direction - The company aims to increase capital distributions while continuing to strengthen capital [7][22] - Focus on small business lending is central to growth strategy, with a near doubling of SBA 7 loans and a 53% increase in dollars produced [42] - Increased marketing and business development expenses are part of a strategy to revamp products and drive growth [30][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of performance despite industry disruptions from the pandemic and regional bank crisis [6] - The outlook for net interest income for 2026 is moderately increasing, supported by favorable earning asset and interest-bearing liability remix [10] - Management is cautious about potential economic impacts on credit quality but remains optimistic about growth in commercial loans [49][81] Other Important Information - The company reported a $6 million provision for credit losses, which, combined with net charge-offs, reduced the allowance for credit losses by $1 million [20] - The allowance for credit losses as a percentage of loans declined to 1% [21] Q&A Session Summary Question: Clarification on expense guidance - The base for the moderately increasing guide should exclude the charitable contribution for this quarter [25][26] Question: Increased competition in markets - Management acknowledged ongoing competition but emphasized that increased marketing spend is driven by internal product revamps rather than new entrants [28][30] Question: NII outlook for 2026 - Management indicated potential for a remix on both sides of the balance sheet contributing to NII outcomes, with a focus on granular deposit growth [34][35] Question: Loan growth dynamics - Management highlighted strong growth in small business lending and a focus on C&I and owner-occupied loans [42][45] Question: Timing of share buybacks - Management indicated that they are nearing a position to start accelerating capital returns, but no specific timing was provided [51][52] Question: Source of deposit growth - Management expects growth across both non-interest-bearing and interest-bearing deposits, driven by strategic initiatives [57] Question: Non-interest-bearing deposits growth - Management reported growth from new customer acquisitions and expects this trend to continue [60][62] Question: Fixed rate asset repricing - Management noted that current fixed loan repricing impacts are around one basis point, with expectations of potential erosion from future rate cuts [64]

Financial Data and Key Metrics Changes - Earnings for the fourth quarter were $262 million, up 19% from the prior quarter and 31% year-over-year, driven by stronger revenues and lower provision for credit losses [5] - Net interest margin expanded for the eighth consecutive quarter to 3.31%, benefiting from an improved funding mix [5][9] - Annualized average loans were flat compared to the last quarter, but period-end balances increased by $615 million [5][16] - Tangible book value per share increased by 21% year-over-year, marking the third consecutive year of growth over 20% [7][22] Business Line Data and Key Metrics Changes - Adjusted PPNR for the quarter was $331 million, down 6% sequentially but up 6% year-over-year [7] - Customer-related noninterest income reached $177 million, a record for the company, up from $163 million in the prior period [12] - Capital markets fees, excluding net CVA, increased by 25% compared to the full year 2024, driven by higher customer swaps and investment banking revenues [13] Market Data and Key Metrics Changes - Average deposits increased by 2.3% compared to the prior quarter, with average non-interest-bearing deposits growing by $1.7 billion or 6% [16][17] - Period-end deposit balances grew by $766 million versus the prior quarter, allowing for a reduction in higher-cost short-term borrowings [18] Company Strategy and Development Direction - The company aims to increase capital distributions while continuing to strengthen capital [6][22] - Focus on small business lending is central to growth strategy, with a near doubling of SBA 7(a) loans and a 53% increase in dollars produced [44] - Increased marketing and business development expenses are part of a strategy to revamp products and drive growth [31][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of performance despite industry disruptions, particularly in credit quality [6][22] - The outlook for net interest income for 2026 is moderately increasing, supported by favorable earning asset and interest-bearing liability remix [10] - Management is cautious about potential rate cuts and their impact on asset sensitivity, indicating a balanced approach to growth and risk management [39][102] Other Important Information - The company made a $15 million donation to its charitable foundation, which will be spent over the next three years [6] - The allowance for credit losses as a percentage of loans declined to 1%, with net charge-offs at 5 basis points [20] Q&A Session Summary Question: Clarification on expense guidance - The base for the moderately increasing guide should exclude the charitable contribution for the quarter [25][26] Question: Increased competition in markets - Management acknowledged ongoing competition but emphasized that increased marketing spend is driven by internal product revamps rather than new entrants [29][31] Question: NII outlook for 2026 - Management indicated potential for remixing on both sides of the balance sheet contributing to NII outcomes, with a focus on granular deposit growth [34][36] Question: Loan growth dynamics - Management highlighted strong growth in small business lending and a focus on C&I and owner-occupied loans, with expectations for continued growth in these areas [43][46] Question: Capital return timing - Management indicated that they are nearing a position to consider capital returns, with expectations for acceleration in the second half of the year [51][52] Question: Non-interest-bearing deposits growth - Management reported growth in new customer acquisitions and emphasized the importance of building a solid base of granular accounts [61][63]

Financial Data and Key Metrics Changes - Earnings for Q4 2025 were $262 million, up 19% from the prior quarter and 31% year-over-year, driven by stronger revenues and lower provision for credit losses [4] - Net interest margin expanded for the eighth consecutive quarter to 3.31%, benefiting from an improved funding mix [4] - Tangible book value per share increased by 21% year-over-year, marking the third consecutive year of growth greater than 20% [6][22] - Diluted earnings per share rose to $1.76, up from $1.48 in the previous quarter and $1.34 a year ago [6] Business Line Data and Key Metrics Changes - Net interest income increased by $56 million or 9% compared to Q4 2024 and by $11 million from the prior quarter [10] - Customer-related noninterest income was $177 million for the quarter, up from $163 million in the prior period and $176 million year-over-year [12] - Adjusted noninterest expense was $548 million, up 5% from the prior quarter and 8% year-over-year, including a $15 million charitable donation [15] Market Data and Key Metrics Changes - Average loans were flat compared to the previous quarter but increased by 2.5% year-over-year, with period-end loans rising by $615 million sequentially [11][16] - Average non-interest-bearing deposits grew by $1.7 billion or 6% compared to the prior quarter [17] - The cost of total deposits declined by 11 basis points sequentially to 1.56% [18] Company Strategy and Development Direction - The company aims to increase capital distributions while continuing to strengthen capital [6][22] - Focus on small business lending is central to growth strategy, with a near doubling of SBA 7 loans and a 53% increase in dollars produced [54] - Increased marketing and business development expenses are part of a strategy to revamp products and drive growth [33][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of performance despite past industry disruptions, highlighting stability in credit outcomes [5] - The outlook for net interest income for 2026 is moderately increasing relative to 2025, supported by favorable asset and liability remix [10] - Management anticipates continued growth in commercial loans, particularly in C&I and owner-occupied subcategories [17] Other Important Information - The company reported a $6 million provision for credit losses, which, combined with net charge-offs, reduced the allowance for credit losses by $1 million [20] - The allowance for credit losses as a percentage of loans declined to 1% [21] - The Common Equity Tier 1 ratio for the quarter was 11.5%, indicating a strong capital position [22] Q&A Session Summary Question: Clarification on expense guidance - Management clarified that the base for expense guidance should exclude the charitable contribution for the quarter [25][26] Question: Increased competition in markets - Management acknowledged ongoing competition but emphasized that increased marketing spend is driven by internal product revamps rather than new entrants [29][33] Question: NII outlook for 2026 - Management indicated that funding for loan growth will come from deposit growth and potential remixing from securities [39][44] Question: Loan growth dynamics - Management highlighted a focus on small business lending and noted strong growth in SBA loans, with expectations for continued growth in this area [54][56] Question: Timing of share buybacks - Management suggested that they are nearing a position to consider capital returns, potentially in the second half of the year [65][66] Question: Non-interest-bearing deposits growth - Management reported growth in new customer acquisitions and emphasized the importance of building a solid base of granular accounts [84][89]

Financial Data and Key Metrics Changes - The company reported earnings per diluted share of $1.58 for the fourth quarter, representing a 32% increase from the third quarter of 2025 and a 33% increase from the fourth quarter of 2024 [9] - Full year earnings per share was $5.25 on an operating basis and $5.06 on a GAAP basis, with net income available to common shareholders at $86.4 million for the quarter and $276.5 million for the year [9] - The return on average assets was 1.62% for the year, and the return on common equity was nearly 17% [9] - The tangible book value grew 4% to $33.62 per share [9] Business Line Data and Key Metrics Changes - Loan growth for the quarter was annualized at 12%, with a significant increase in the loan pipeline, which rose by 11% quarter-over-quarter [3] - The C&I book experienced nearly 10% growth during the year, marking the highest growth rate in that segment in several years [7] - Non-interest revenue saw a 26% growth from the full year 2024 to 2025, driven by increased service charges [12] Market Data and Key Metrics Changes - The company has expanded its correspondent banking relationships to 388, including 145 that settle at the Federal Reserve Bank [5] - The new Texas banking team is expected to drive growth, with a focus on C&I lending rather than commercial real estate [49] Company Strategy and Development Direction - The company is focused on organic growth, particularly through the expansion in Texas, which is expected to contribute significantly to loan balances and deposits in 2026 [49] - The efficiency ratio is expected to remain in the low 30s as the Texas team builds its book of business [51] - The company is actively managing its loan portfolio and has a disciplined approach to loan pricing, which has contributed to margin expansion [10][30] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about loan demand, particularly in the C&I sector, indicating a positive trend compared to previous quarters [24] - The company is prepared for potential economic fluctuations and is focused on maintaining strong liquidity levels without reliance on brokered deposits [15] - Management noted that while there are challenges in hiring due to competition, they are committed to bringing in quality talent to support growth [60] Other Important Information - The company paid down $30 million of subordinated debt at a cost of 4.5% [14] - The company has no brokered deposits or FHLB debt, maintaining a strong liquidity position [15] Q&A Session Summary Question: Trends in loan payoffs and expectations for loan growth - Management noted that projected payoffs have decreased significantly this quarter, leading to a more optimistic outlook for loan growth [21] Question: Economic backdrop and commercial loan demand - Management rated current commercial loan demand as slightly better than before, indicating a positive trend in C&I growth [24] Question: Margin expectations and fee collection impact - Management indicated that the December margin is a good starting point for 2026, with expectations for continued margin expansion [30] Question: Charge-offs and non-performing loans - The charge-off was related to a healthcare asset, which was anticipated and reserved for, and management is actively working on multifamily assets [36] Question: Tax rate expectations for 2026 - Management plans to continue leveraging tax credits, particularly around solar credits, to manage the tax rate going forward [43] Question: Growth expectations for the Texas team - The Texas team's budgeted growth for 2026 is higher than any other region, with expectations for significant contributions to loan balances [49] Question: Overall expense growth for 2026 - Management anticipates high single-digit expense growth for 2026, primarily driven by new hires that will generate revenue [57]

Financial Data and Key Metrics Changes - The company recorded earnings per diluted share of $1.58 for the fourth quarter, representing a 32% increase from the third quarter of 2025 and a 33% increase from the fourth quarter of 2024 [9] - Full year earnings per share was $5.25 on an operating basis and $5.06 on a GAAP basis [9] - Net income available to common shareholders was $86.4 million for the quarter and $276.5 million for the year [9] - The return on average assets was 1.62% for the year, and the return on common equity was nearly 17% [9] - The tangible book value grew 4% to $33.62 per share [9] - The net interest margin rose from 2.92% in the first quarter to 3.38% in the fourth quarter [10] Business Line Data and Key Metrics Changes - Loan growth for the quarter was annualized at 12%, with a significant increase in the loan pipeline, which rose by 11% quarter-over-quarter [3] - The C&I book experienced nearly 10% growth during the year, marking the highest growth rate in that segment in several years [7] - Non-interest revenue saw a 26% growth from the full year 2024 to 2025, driven by service charge increases [12] Market Data and Key Metrics Changes - The company has expanded its correspondent banking relationships to 388, including 145 that settle at the Federal Reserve Bank [5] - The new Texas banking team is expected to drive growth, with a focus on C&I lending rather than commercial real estate [49] Company Strategy and Development Direction - The company is focused on organic growth, particularly through the expansion in Texas, which is expected to contribute significantly to loan balances and deposits in 2026 [49] - The company aims to maintain a best-in-class efficiency ratio while managing costs and increasing operating leverage [10][15] - The company is optimistic about the opportunities in the Texas market and plans to hire more personnel to support growth [49][60] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about loan demand, particularly in the C&I sector, indicating a positive trend compared to previous quarters [24] - The company is prepared for potential economic fluctuations and is focused on maintaining strong liquidity levels without relying on brokered deposits [15] - Management acknowledged the challenges posed by rising interest rates but remains confident in their ability to manage loan pricing effectively [30] Other Important Information - The company paid down $30 million of subordinated debt at a cost of 4.5% [14] - The efficiency ratio is expected to remain in the low 30s for 2026, reflecting the anticipated expenses associated with the Texas expansion [51] Q&A Session Summary Question: Loan Payoff Trends - Management noted that projected payoffs have dropped significantly quarter-over-quarter, leading to a more optimistic outlook for loan growth [21] Question: Commercial Loan Demand - Management rated current commercial loan demand as slightly better than before, indicating a positive trend in C&I growth [23] Question: Margin Expectations - The December margin is expected to serve as a good starting point for 2026, with continued margin expansion anticipated [30] Question: Charge-Off Details - The $5 million charge-off was related to a healthcare asset, which was anticipated and largely reserved for [36] Question: Tax Rate for 2026 - The company plans to continue leveraging tax credits, particularly around solar credits, to manage the tax rate going forward [44] Question: Texas Expansion Growth - The budgeted growth for the Texas team is expected to be higher than any other region, with a focus on C&I lending [49]