Financial Data and Key Metrics Changes - In 2025, adjusted net revenue reached a record of $3.6 billion, up 38% year-over-year [32] - Adjusted EBITDA was also a record at $1.1 billion, up 58% year-over-year, with a margin of 29% [32] - Net income for the year was $481 million, representing a margin of 13% [32] - In Q4 2025, adjusted net revenue grew 37% year-over-year to $1.013 billion, marking the first billion-dollar quarter [33] - Adjusted EBITDA for Q4 was $318 million, with a margin of 31% [33] Business Line Data and Key Metrics Changes - Financial services generated record revenue of over $1.5 billion in 2025, up 88% from the prior year [34] - The lending segment achieved record adjusted net revenue of over $1.8 billion in 2025, up 24% from the prior year [38] - The tech platform generated record revenue of over $450 million in 2025 [36] - In Q4, the Loan Platform Business generated $194 million in adjusted net revenue, nearly 3x higher than the same period last year [35] Market Data and Key Metrics Changes - The company added a record 1 million new members in Q4, increasing total members by 35% year-over-year to 13.7 million [8] - The company achieved a cross-buy rate of 40% for new products opened by existing members, up 7 percentage points year-over-year [9] - Brand awareness reached an all-time high of 9.6%, up 250 basis points from Q4 2024 [16] Company Strategy and Development Direction - The company aims to leverage its one-stop-shop model to drive durable growth and innovation across its product offerings [5][13] - Plans to expand into new areas such as crypto, AI, and business banking, capitalizing on a strong balance sheet and member base [7][17] - The company is focused on enhancing product quality and brand awareness to drive customer acquisition and reduce marketing costs [60] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's prospects, citing a strong member base and innovative product offerings [13] - The company expects to increase total members by at least 30% year-over-year in 2026, with adjusted net revenue projected at approximately $4.655 billion [49] - The outlook includes expectations for continued strong revenue growth across all segments, with a focus on capital-light, fee-based revenue [54][55] Other Important Information - The company raised $1.5 billion in new capital in Q4, enhancing its funding base and flexibility for growth opportunities [46] - Tangible book value grew by over $4 billion year-over-year to $8.9 billion, with tangible book value per share increasing by 57% [48] Q&A Session Summary Question: Can you break down the consolidated guidance at the segment level? - Management expects revenue growth of 40% or more for financial services, approximately 23% for lending, and about 20% for the tech platform in 2026 [54] Question: Can you elaborate on the acceleration in KPI growth and its sustainability? - Management noted that unaided brand awareness has increased significantly, and they are confident in reaching higher levels of awareness and product quality to drive growth [58][60] Question: How do you view origination allocation between LPB and other segments? - Management indicated that demand remains robust, and they have flexibility to choose between capital-light fee-based revenue and retaining higher returning assets on the balance sheet [64][66] Question: Can you provide insights on deposit growth and recent downward beta? - Management confirmed that deposit growth is primarily from member deposits, with a consistent downward beta of 60%-70% since launching the bank [70][73] Question: Do you think innovation in fintech could spur more interest from platform customers? - Management expressed optimism that new products like crypto and stablecoin could enhance interest and demand from tech platform customers [75]

Air Products and Chemicals (NYSE:APD) Q1 2026 Earnings call January 30, 2026 08:00 AM ET Company ParticipantsChristopher Parkinson - Managing DirectorEduardo Menezes - CEOEmily Fusco - Equity Research AssociateJames Hooper - VPJohn Roberts - Managing DirectorKevin McCarthy - PartnerMegan Britt - VP of Investor RelationsMelissa Schaeffer - CFOVincent Andrews - Managing DirectorConference Call ParticipantsDuffy Fischer - Equity Research AnalystJeffrey Zekauskas - AnalystJohn McNulty - Managing Director and Ch ...

Autoliv (NYSE:ALV) Q4 2025 Earnings call January 30, 2026 08:00 AM ET Company ParticipantsAgnieszka Vilela - Managing DirectorAnders Trapp - VP of Investor RelationsFredrik Westin - CFOMikael Bratt - President and CEOWinnie Dong - Director of Equity ResearchConference Call ParticipantsColin M. Langan - Automotive and Mobility AnalystEmmanuel Rosner - AnalystHampus Engellau - Equity Analyst Capital Goods and Head of Sector Research Nordic EquitiesJairam Nathan - Research AnalystTom Narayan - Lead Equity Anal ...

Financial Data and Key Metrics Changes - The company achieved over 1 million net adds across mobility and broadband in Q4 2025, the highest quarterly volumes in 6 years [16] - Consolidated adjusted EBITDA for Q4 was $11.9 billion, with full-year adjusted EBITDA at $50 billion, reflecting a 2.5% increase from the prior year [22] - Adjusted EPS for Q4 was $1.09, bringing the full year to $4.71, a growth of 2.6% from the previous year [22][29] - Free cash flow for the full year was $20.1 billion, anticipated to be industry-leading [23] Business Line Data and Key Metrics Changes - Postpaid phone net adds were 616,000 in Q4, the best quarter in 6 years, with consumer contributing 551,000 [10][16] - Fixed Wireless Access net adds were 319,000, while Fios Internet added 67,000, marking the highest fourth quarter net addition since 2020 [19][20] - The prepaid segment continued to grow, with 109,000 net adds in Q4, marking the sixth consecutive quarter of positive growth [18] Market Data and Key Metrics Changes - The company added 125,000 fiber net additions through Frontier, a 29% increase year-over-year, contributing to over 16 million broadband subscribers [20] - The company expects to achieve 2-3% growth in mobility and broadband service revenue in 2026, equating to approximately $93 billion [27] Company Strategy and Development Direction - The company is focused on a transformation strategy aimed at improving efficiency and customer satisfaction, with a goal to be the most efficient telecom company in the industry [8] - Plans include a significant fiber build-out, targeting 40-50 million fiber passings over the medium term, with at least 2 million added in 2026 [12][34] - The company aims to leverage AI to enhance customer experience and operational efficiency [14][15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a network outage that impacted customer service, emphasizing the need for improvement in service quality [3] - The company is optimistic about its transformation, expecting significant improvements in performance metrics in 2026 compared to historical trends [32] - Management highlighted the importance of reducing churn and enhancing customer experience as key drivers for future growth [45][58] Other Important Information - The company plans to return $25 billion to shareholders through share repurchases over the next three years, with at least $3 billion in 2026 [36] - A dividend increase of 2.5% was announced, marking the 20th consecutive year of dividend increases [35] Q&A Session Summary Question: Outlook for postpaid phones in 2026 - Management discussed the investments needed to drive subscriber growth, emphasizing improvements in churn rates and customer experience rather than relying heavily on promotions [40][41] Question: Fiber passings outlook - Management confirmed an increase in the fiber passings target to 40-50 million, citing opportunities in both organic and inorganic growth [47][49] Question: Customer lifetime values and CapEx opportunities - Management addressed concerns about customer lifetime values, stating that reducing churn and improving customer experience will enhance LTV [54][56] - On CapEx, management explained that efficiencies were found by narrowing focus to growth areas and eliminating non-core investments [62][63]

Flagstar Financial (NYSE:FLG) Q4 2025 Earnings call January 30, 2026 08:00 AM ET Company ParticipantsAnthony Elian - Equity ResearchChris McGratty - Head of US Bank ResearchChristopher Marinac - Director of ResearchDavid Smith - Head of Consumer LendingJanet Lee - Director of US Mid Cap Banks Equity ResearchJon Arfstrom - Managing Director and Associate Director of US ResearchJoseph Otting - Chairman, President and CEOLee Smith - SVP, President and CFOSal DiMartino - Director of Investor RelationsConference ...

The Bancorp (NasdaqGS:TBBK) Q4 2025 Earnings call January 30, 2026 08:00 AM ET Company ParticipantsAndres Viroslav - Director of Investor RelationsDamian Kozlowski - CEODominic Canuso - CFOStephen Farrell - Investment Management AssociateConference Call ParticipantsEmily Lee - Managing Director and Senior Equity Research AnalystJoe Yanchunis - Equity Research AnalystOperatorGood morning, ladies and gentlemen, and welcome to The Bancorp Q4 and fiscal 2025 earnings conference call. At this time, all lines are ...

Financial Data and Key Metrics Changes - The Bancorp reported earnings per share (EPS) of $1.28 for the fourth quarter, reflecting an 11% year-over-year growth [4] - Gross Deposit Value (GDV) increased by 16% for the quarter compared to the prior year [4] - Revenue growth for the quarter was 3% year-over-year, excluding credit enhancement income [4] - Return on Equity (ROE) reached a record 30.4% for the quarter and 28.9% for the full year [8] - Total assets increased to $9.4 billion, up 7% from the prior year [8] Business Line Data and Key Metrics Changes - Credit sponsorship balances ended at $1.1 billion, up 40% from the third quarter and 142% year-over-year [5] - The total loan portfolio increased by $919 million to $7.26 billion, with consumer fintech loans constituting 15% of the portfolio [8] - Non-interest income, excluding credit enhancement, accounted for just over 30% of revenue in the quarter, with approximately 90% of fees coming from the fintech business [9] Market Data and Key Metrics Changes - Average deposits in the quarter were $7.6 billion, with an average cost of 177 basis points [9] - Delinquency rates declined from 2.19% at the end of the third quarter to 1.6% at the end of the fourth quarter [7] Company Strategy and Development Direction - The Bancorp is focused on three main fintech initiatives aimed at creating significant shareholder value [5] - The company is targeting a guidance of $5.90 EPS for 2026 and $8.25 EPS for 2027, which includes stock buybacks [12] - The strategy emphasizes platform efficiency, productivity gains from restructuring, and AI tools [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the EPS guidance for 2026 and highlighted the positive impact of tax season on business [21] - The company anticipates continued growth in credit sponsorship and overall fintech business, with significant improvements in credit metrics [9][10] - Management acknowledged challenges from legal fees and the unexpected duration of the government shutdown affecting GDV [18][19] Other Important Information - The company repurchased $150 million of its stock in the fourth quarter, totaling $375 million for the year [11] - Criticized assets decreased from $268 million to $194 million, a 28% decline quarter-over-quarter [7] Q&A Session Summary Question: Can you provide more building blocks to help bridge the EPS gap? - Management indicated large revenue opportunities and confidence in upcoming initiatives, including credit sponsorship and the embedded finance platform [16] Question: What were the primary drivers affecting fourth-quarter results? - Key drivers included legal fees, the impact of the government shutdown on GDV, and the timing of credit sponsorship growth [18][19] Question: Can you discuss the economics of off-balance sheet deposits? - Management explained that off-balance sheet deposits are used to optimize funding costs and generate revenue as deposit growth exceeds balance sheet capacity [22][41] Question: What is the plan for the Aubrey property? - The company is nearing cash flow break-even and is looking for exit opportunities to maximize value [32][34] Question: How does the company view the threat of fintechs obtaining their own bank charters? - Management believes many partners will not seek licenses and highlighted the scalability and low-cost benefits of their platform [36][39] Question: What is the expectation for net interest margin (NIM)? - Management expects some compression in NIM as the company shifts towards fintech, but anticipates an increase in fee revenue as a portion of total revenue [60][61]

Financial Data and Key Metrics Changes - The company reported adjusted net income of $30 million or $0.06 per diluted share in Q4 2025, compared to a net loss of $0.07 per diluted share in the previous quarter [4] - Pre-Provision Net Revenue increased by $45 million, with positive Operating Leverage of approximately 900 basis points [5] - The CET1 capital ratio increased by almost 400 basis points to 12.83%, ranking among the highest capitalized regional banks [7][12] Business Line Data and Key Metrics Changes - Net C&I loan growth was up 2% on a linked quarter basis, or about 9% on an analyzed basis [5] - The company reduced overall CRE exposure by $2.3 billion, resulting in a CRE concentration ratio now falling below 400 [5] - C&I lending commitments increased by 28% to $3 billion, while originations increased by 22% to $2.1 billion [8] Market Data and Key Metrics Changes - Total CRE balances declined by $12.1 billion or 25% since year-end 2023, aiding the strategy to diversify the loan portfolio [18] - The multifamily portfolio declined 13% or $4.3 billion year-over-year, with a reserve coverage of 1.83% [18] - Approximately 53% of the $9.2 billion New York City multifamily loans are pass-rated, while 47% are criticized or classified [20] Company Strategy and Development Direction - The company aims to transform into one of the best-performing regional banks with a diversified balance sheet and revenue streams [4] - Focus on further improving the credit profile by managing CRE exposure and diversifying the loan portfolio through growth in non-CRE loans [6] - Plans to generate deposit growth across various business lines while maintaining discipline on pricing [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued profitability in 2026, driven by growth in net interest income and margin expansion [6] - The company is optimistic about the trajectory of adjusted EPS, forecasting it to be in the $0.65-$0.70 range for 2026 [13] - Management highlighted the importance of proactive management of credit quality and the potential for further capital deployment [46] Other Important Information - The company reduced brokered deposits by almost $8 billion during the year [7] - The company expects to close the sale of properties related to a bankruptcy case before the end of Q1 2026 [72] - The company has a strong liquidity position, with cash and securities increasing to 25% of total assets [7] Q&A Session Summary Question: Drivers behind the lowered NII guidance - Management indicated that higher payoff activity, particularly in multifamily and CRE loans, was the primary driver for the lowered NII guidance [29][30] Question: Confidence in funding for loan growth - Management expressed confidence in core deposit growth, leveraging C&I relationships and private client banking to drive deposits [40][43] Question: Excess capital deployment prospects - Management noted that the board will consider how to deploy excess capital, including potential stock buybacks, depending on balance sheet growth and credit quality improvements [46] Question: Updates on the New York multifamily portfolio - Management is actively monitoring the portfolio and has not seen a decline in liquidity, despite potential rent freezes [64][67] Question: Update on the borrower in bankruptcy - Management confirmed that the auction process for the bankruptcy case was completed and expected to close soon, with no additional charge-offs anticipated [72][75]

Air Products and Chemicals (NYSE:APD) Q1 2026 Earnings call January 30, 2026 08:00 AM ET Speaker15Good morning, and welcome to Air Products' first quarter earnings release conference call. Today's call is being recorded at the request of Air Products. Please note that this presentation and the comments made on behalf of Air Products are subject to copyright by Air Products and all rights are reserved. Beginning today's call is Meghan Britt.Speaker12Hello, and welcome to the first quarter fiscal 2026 earning ...

Financial Data and Key Metrics Changes - The Bancorp reported earnings of $1.28 per share for Q4 2025, reflecting an 11% year-over-year growth in EPS [4] - GDV (Gross Deposit Volume) increased by 16% in Q4 compared to the prior year, with a total annual growth of 17% in 2025 [4][5] - Revenue growth for the quarter was 3% year-over-year, excluding credit enhancement income [4] Business Line Data and Key Metrics Changes - Credit sponsorship balances reached $1.1 billion, up 40% from Q3 and 142% year-over-year [5] - Consumer fintech loans increased by $644 million, now constituting 15% of the total loan portfolio, which grew to $7.26 billion [8] - Non-interest income, excluding credit enhancement, accounted for over 30% of revenue in the quarter, with approximately 90% of fees coming from the fintech business [9] Market Data and Key Metrics Changes - Average deposits in Q4 were $7.6 billion, with an average cost of 177 basis points [9] - Criticized assets decreased from $268 million to $194 million, a 28% decline quarter-over-quarter [6] - Delinquency rates improved from 2.19% to 1.6% of loans from Q3 to Q4 [6] Company Strategy and Development Direction - The Bancorp is focused on three main fintech initiatives aimed at creating significant shareholder value, including credit sponsorship, embedded finance platform development, and new program implementations [5] - The company is targeting a 2026 EPS guidance of $5.90, with a preliminary 2027 guidance of $8.25, which includes stock buybacks [12] - The strategy emphasizes optimizing funding costs and increasing revenue through off-balance sheet deposits and fintech partnerships [22][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the EPS targets for 2026 and 2027, citing strong tax season expectations and ongoing fintech initiatives [20][21] - The impact of the government shutdown on GDV was noted, but management does not foresee it affecting Q1 2026 significantly [20] - The company is optimistic about the growth of credit sponsorship and the overall fintech business, expecting substantial improvements in financial metrics [5][9] Other Important Information - Non-interest expense for Q4 was $56.2 million, which included $2 million from a legal settlement [10] - The Bancorp repurchased $150 million of its stock in Q4, totaling $375 million for the year [11] Q&A Session Summary Question: Can you provide more details on the EPS ramp and revenue drivers? - Management highlighted large revenue opportunities and confidence in upcoming announcements regarding credit sponsorship and the embedded finance platform [15][16] Question: What were the primary drivers affecting Q4 results? - Key drivers included legal fees, the unexpected duration of the government shutdown, and the timing of credit sponsorship growth [18][19] Question: What is the plan for off-balance sheet deposits? - The company expects to continue generating deposit growth while optimizing the mix of on and off-balance sheet deposits to enhance earnings [22][39] Question: Can you discuss the refinancing of REBL loans? - Some refinancings were with new partners, and the existing properties are in stronger positions than when originated, with lower interest rates due to the current environment [29] Question: How does the company view the threat of fintechs obtaining bank charters? - Management believes many partners will not seek licenses and emphasizes the scalability and low-cost benefits of their platform [36][38]