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]

Autoliv (NYSE:ALV) Q4 2025 Earnings call January 30, 2026 08:00 AM ET Speaker9Good day, and thank you for standing by. Welcome to the Autoliv fourth quarter 2025 financial results conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star one one on your telephone. You will then hear an automated message advising your hand is raised. To withdraw you ...

Financial Data and Key Metrics Changes - The company achieved over 1 million net adds across mobility and broadband in Q4 2025, the highest quarterly volume in six 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 total to $4.71, a growth of 2.6% from the previous year [22] - 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 performance in six years, with consumer postpaid phone net adds at 551,000 [16][17] - Fixed Wireless Access (FWA) net adds were 319,000, while Fios Internet delivered 67,000 net adds, the highest since 2020 [18] - The company continued to gain share in the prepaid segment, with 109,000 net adds in Q4, marking six consecutive quarters of positive growth [18] Market Data and Key Metrics Changes - The company added 125,000 fiber net additions through Frontier, representing a 29% increase year-over-year [19] - The total broadband subscriber base exceeded 16 million, including over 10.5 million fiber customers [71] Company Strategy and Development Direction - The company is focused on a transformation strategy aimed at improving operational efficiency and customer experience, with a goal of achieving $5 billion in operating expense savings [7][27] - Plans to expand fiber build-out to reach 40-50 million fiber passings over the medium term, with at least 2 million new passings in 2026 [11][34] - The company aims to leverage AI to enhance customer experience and operational efficiency [13][15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a critical inflection point for the company, emphasizing the need to shift culture towards customer satisfaction and brand trust [6] - The outlook for 2026 includes a target of 750,000 to 1 million postpaid phone net adds, which is 2-3 times the total from 2025 [26] - The company expects 2%-3% growth in mobility and broadband service revenue, equating to approximately $93 billion [26] Other Important Information - The company has authorized up to $25 billion in share repurchases over the next three years, with at least $3 billion planned for 2026 [36] - The board declared a dividend increase of 2.5% per share, marking the 20th consecutive year of dividend increases [35] Q&A Session Summary Question: Outlook for postpaid phones and investments needed for subscriber growth - Management highlighted that the strong outlook for postpaid phones in 2026 will be driven by improved churn rates and investments in customer experience rather than aggressive promotions [40][41] Question: Fiber passings outlook and opportunities - Management confirmed the raised target for fiber passings to 40-50 million, citing opportunities from the Frontier acquisition and partnerships [46][49] Question: Customer lifetime values and strategies to attract high-value customers - Management emphasized the importance of reducing churn and improving customer experience to enhance customer lifetime values, while avoiding price increases without corresponding value [53][56] Question: Flat service revenue growth and organic EBITDA growth - Management explained that flat service revenue growth is expected due to prior year price increases and ongoing promotional amortization, while EBITDA growth is anticipated to accelerate due to cost transformation efforts [68][72]

SoFi Technologies (NasdaqGS:SOFI) Q4 2025 Earnings call January 30, 2026 08:00 AM ET Speaker5Good morning or good afternoon, all. My name is Adam, and I'll be your conference operator today. At this time, I would like to welcome everyone to the SoFi Technologies fourth quarter and full year 2025 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you'd like to ask a question during this tim ...

Eastman Chemical Company (NYSE:EMN) Q4 2025 Earnings call January 30, 2026 08:00 AM ET Speaker10Good day, everyone, and welcome to the fourth quarter and full year 2025 Eastman Conference Call. Today's conference is being recorded. This call is being broadcast live on the Eastman website at www.eastman.com. I will now turn the call over to Mr. Greg Riddle, Eastman Investor Relations. Please go ahead, sir.Speaker3Thank you, Becky, and good morning, everyone, and thanks for joining us. On the call with me tod ...

Financial Data and Key Metrics Changes - Return on equity was 10.3%, meeting the 2030 target of 8%-10% for the seventh consecutive quarter [3] - Group-wide net revenue reached JPY 551.8 billion, a 7% increase from the previous quarter [3] - Income before income taxes decreased by 1% to JPY 135.2 billion, while net income also fell by 1% to JPY 91.6 billion [3] - Earnings per share for the quarter were JPY 30.19 [3] Business Line Data and Key Metrics Changes - Wealth Management saw a growth of approximately 30% compared to the previous quarter, with net revenue increasing by 14% to JPY 132.5 billion [4][8] - Investment Management's business revenue reached an all-time high, but profits fell due to weaker investment gains and one-time expenses related to the Macquarie acquisition [4][12] - Wholesale net revenue rose by 12% to JPY 313.9 billion, with investment banking net revenue increasing by 31% to JPY 57.1 billion [15][17] Market Data and Key Metrics Changes - Recurring revenue assets saw a net inflow of JPY 503.9 billion, reaching an all-time high of JPY 28.1 trillion by the end of December [10][11] - The number of flow business clients increased by around 270,000 to 1.53 million, driven by buoyant market conditions [11] Company Strategy and Development Direction - The company announced a share buyback program with a limit of 100 million shares and JPY 60 billion in amount, aimed at enhancing shareholder return and capital efficiency [5] - The company is focused on maximizing synergies between existing and newly acquired businesses, particularly in the Investment Management division [26] Management's Comments on Operating Environment and Future Outlook - Management noted that client sentiment remains favorable despite some selling pressures in the market, with a shift from savings to investment being a sustainable trend [21][22] - The company expects a solid pipeline in investment banking, despite a slower start in Q4 due to seasonal factors [22] Other Important Information - Group-wide expenses increased by 10% to JPY 416.5 billion, driven by one-time costs associated with acquisitions and strategic investments [19] - The common equity Tier 1 ratio at the end of December was 12.8%, with a slight decrease attributed to changes in regulatory capital calculations following the Macquarie acquisition [20] Q&A Session Summary Question: Regarding Laser Digital's losses and position management - Management acknowledged the losses due to market fluctuations and emphasized the importance of precise position management to control volatility [31] Question: Sustainability of Wealth Management's net inflow - Management refrained from making definitive comments on sustainability but noted a significant shift in retail investor behavior towards investment [32] Question: Wealth Management pricing strategy - Management declined to comment on internal discussions regarding commission rate increases, focusing instead on value provision to customers [38] Question: Timing and scale of buyback - Management explained that the timing was influenced by the recent acquisition and the need to meet investor expectations [39] Question: Impact of personnel costs and deferred compensation - Management provided details on the expected impact of accounting changes on personnel costs, estimating around JPY 8 billion for Q4 [52] Question: Long-term strategy for Laser Digital - Management discussed the need for a thorough strategy to manage the growth and volatility of the digital asset business while ensuring diverse activities [54]

Financial Data and Key Metrics Changes - Return on equity was 10.3%, meeting the 2030 target of 8%-10% for the seventh consecutive quarter [3] - Group-wide net revenue reached JPY 551.8 billion, a 7% increase from the previous quarter [3] - Income before income taxes decreased by 1% to JPY 135.2 billion, while net income also fell by 1% to JPY 91.6 billion [3] - Earnings per share for the quarter were JPY 30.19 [3] - Pre-tax income across all four divisions rose 8% to JPY 142.9 billion, the highest level in 18.5 years [4] Business Line Data and Key Metrics Changes - Wealth Management saw a growth of approximately 30% compared to the previous quarter, with net revenue increasing by 14% to JPY 132.5 billion [4][8] - Investment Management's business revenue reached an all-time high, but profits fell due to weaker investment gains and one-time expenses from an acquisition [4][12] - Wholesale net revenue rose 12% to JPY 313.9 billion, with Investment Banking net revenue increasing by 31% to JPY 57.1 billion [15][17] Market Data and Key Metrics Changes - Recurring revenue assets experienced a net inflow of JPY 503.9 billion, reaching an all-time high of JPY 28.1 trillion [10][11] - The number of flow business clients increased by around 270,000 to 1.53 million, driven by buoyant market conditions [11] - Equities revenue grew by 4%, while bonds saw a decline of 25% due to market conditions [10] Company Strategy and Development Direction - The company announced a share buyback program to enhance shareholder returns, with a limit of 100 million shares and JPY 60 billion in total [5] - The focus remains on maximizing synergies between existing and newly acquired businesses, particularly in the Investment Management division [25][26] - The company aims to continue fostering growth in the digital asset market while managing volatility [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong performance across all divisions, despite one-time costs associated with acquisitions [21] - The outlook for January indicated stable client sentiment and a shift in household financial assets towards investments [21] - Management acknowledged the challenges in the domestic rates business due to increased market volatility but noted solid performance in other areas [46] Other Important Information - Group-wide expenses increased by 10% to JPY 416.5 billion, driven by one-time costs and strategic investments [19] - The Common Equity Tier 1 ratio at the end of December was 12.8%, with a slight decrease attributed to changes in regulatory capital calculations [20] Q&A Session Summary Question: Regarding losses in Laser Digital and position management - Management acknowledged the losses and stated that they are taking measures to control volatility while maintaining long-term commitments in the digital asset space [31][32] Question: Sustainability of net inflow in Wealth Management - Management refrained from making definitive comments on sustainability but noted a significant shift from savings to investments among retail investors [32] Question: Wealth Management pricing strategy - Management declined to comment on internal discussions regarding commission rate increases, focusing instead on value provision to customers [38][39] Question: Timing and scale of buyback - Management explained that the timing was influenced by the recent acquisition and the need to meet investor expectations [39][40] Question: Impact of personnel costs and deferred compensation - Management provided details on the expected impact of accounting changes on personnel costs, estimating around JPY 8 billion for the current quarter [52] Question: Long-term strategy for Laser Digital - Management emphasized the need for a thorough discussion on risk management and the growth strategy for the digital asset business [55]

Nomura (NYSE:NMR) Q3 2026 Earnings call January 30, 2026 04:30 AM ET Speaker1Good day, everyone, and welcome to today's Nomura Holdings third quarter operating results for fiscal year ending March 2026 conference call. Please be reminded that today's conference call is being recorded at the request of the hosting company. Should you have any objections, you may disconnect at this point in time. During the presentation, all the telephone lines are placed for listen-only mode. The question and answer session ...