Financial Data and Key Metrics Changes - The company reported a quarterly revenue increase of 21% year-over-year, with net interest income growing by 30% year-over-year [4][20] - Adjusted net income for the fourth quarter was $5.6 million, translating to adjusted earnings per share of $0.64, reflecting strong operational execution [20] - Net interest margin improved to 2.22%, up 55 basis points year-over-year, driven by higher loan yields and declining deposit costs [21][22] Business Line Data and Key Metrics Changes - The banking-as-a-service (BaaS) initiatives generated over $1.3 billion in new deposits for 2025, more than tripling from the previous year [6] - The SBA business maintained its position as a top 10 SBA 7(a) lender with nearly $580 million in funded originations during 2025 [7] - Payments volume processed exceeded $165 billion, an increase of over 225% from 2024 [6] Market Data and Key Metrics Changes - Total loans as of December 31, 2025, were $3.7 billion, a 4% increase from the linked quarter but a 10% decrease from the previous year [24] - Total deposits were $4.8 billion, reflecting a 2% decrease compared to both the linked quarter and the previous year [25] Company Strategy and Development Direction - The company is focusing on a digital-first banking model, emphasizing operational efficiency and disciplined expense management [4][10] - Strategic initiatives include enhancing underwriting standards and improving servicing capabilities in the SBA business to drive long-term growth [7][13] - The company aims to achieve a 1% return on average assets and is actively managing its balance sheet to optimize asset mix [6][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deliver strong financial performance while building long-term shareholder value through disciplined execution of strategic priorities [10][29] - The company anticipates continued net interest margin expansion and robust fintech partnership growth, with credit stabilization expected in the second half of 2026 [10][28] Other Important Information - The company executed a share buyback program, purchasing 27,998 shares at an average price of $18.64 per share [8] - A higher provision for credit losses is expected in 2026 to address problem loans, with an estimated provision of $50 million to $53 million for the full year [28] Q&A Session Summary Question: What is the expected impact of SBA loans on the balance sheet and their yield? - Management indicated that they expect to retain a greater percentage of guaranteed originations on the balance sheet, priced at prime plus 1.5, which will positively impact loan yields [31][41] Question: What are the repricing opportunities on the funding side? - Management expects continued decreases in deposit costs, particularly in the first quarter, due to recent Federal Reserve rate cuts [37][39] Question: What is the outlook for criticized loans, particularly in the SBA and franchise finance buckets? - Criticized loans increased by approximately $16 million, predominantly in the SBA portfolio, with ongoing monitoring and proactive engagement with borrowers [42][44] Question: How does the company model interest reversals in relation to net interest income? - Management confirmed that interest reversals are factored into net interest income forecasts, with an estimated impact of $300,000 to $400,000 in the fourth quarter [54][56] Question: What is the expected tax rate for the EPS guidance? - The tax rate is expected to be around 7% to 8.5% in the first half of the year, ramping up to 10% to 12% in the second half as earnings improve [65][66]

Financial Data and Key Metrics Changes - In Q4 2025, the company generated $58.7 million in net income, leading to an annual consolidated net income of $183.5 million, surpassing the previous record set in 2024 by approximately $6 million [4][21] - The company ended the year with cash of $425 million and total liquidity of $643 million, with a debt to total capitalization ratio down to 16.3% from 9.6% at the end of 2024 [8][22] Business Line Data and Key Metrics Changes - The Great Park community closed sales on 13 different programs consisting of 920 home sites, while Valencia saw a modest increase in home sales, with 70 new homes sold compared to 50 in Q3 [6][12] - The company closed a significant industrial land sale in Valencia of 13.8 acres for $42.5 million, achieving a gross margin of 31.25% [20][21] Market Data and Key Metrics Changes - The housing market in 2025 remained challenging due to economic uncertainty, elevated interest rates, and affordability constraints, impacting homebuyer demand more in Valencia than in The Great Park [5][6] - Despite these challenges, demand at The Great Park remained strong, with builders selling 78 homes in Q4, although this was a decrease from 187 in Q3 due to seasonality [10] Company Strategy and Development Direction - The company's strategy focuses on maximizing the value of existing communities, maintaining a lean operating structure, matching development spending with revenue generation, and expanding through targeted growth initiatives [9] - The company aims to pursue growth opportunities while prioritizing its growth strategy to expand recurring revenues [8][17] Management's Comments on Operating Environment and Future Outlook - Management expects consolidated net income in 2026 to be approximately $100 million, with earnings weighted more heavily toward the second half of the year as land sales and fee-based income accelerate [16][26] - The company is optimistic about growing buyer confidence and moderating interest rates improving demand for well-located home sites [7] Other Important Information - The company successfully integrated the Hearthstone Land Banking platform, which added a new earnings stream and expanded relationships with institutional capital partners [15] - The company received critical entitlement approvals in Valencia and The Great Park, enhancing long-term value and supporting future development [4][13] Q&A Session Questions and Answers Question: Expectations for development expenditures in 2026 and beyond - Management indicated that development expenditures for both Valencia and San Francisco are expected to be similar to the current year's spending of about $125 million, maintaining a constant pace as development increases [32][34] Question: Clarification on entitlement approvals and their impact on saleable acreage - Management clarified that the recent approvals in Great Park are additive to the previously disclosed saleable acreage, with 100 acres of commercial land now redesignated as residential [39][42]

Financial Data and Key Metrics Changes - Fourth quarter revenue reached $248 million, a 22% year-over-year increase, while full-year revenue was $951 million, representing 20% year-over-year growth [4][15] - Non-GAAP operating margin for the fourth quarter was 24.9%, compared to 20.2% last year, and for the full year, it was 24.7%, down from 25.2% last year [17] - Core revenue, now referred to as subscription services revenue, was $56 million in the fourth quarter, a 17% year-over-year increase [15][16] Business Line Data and Key Metrics Changes - Subscription services revenue for the full year was $211 million, representing 17% growth year-over-year [16] - Fourth quarter revenue from value-added services grew 20% year-over-year to $185 million, driven by increased adoption of various services [16] - Full year value-added services revenue was $722 million, representing 19% growth year-over-year [17] Market Data and Key Metrics Changes - The company managed approximately 9.4 million units from 22,096 customers, compared to 8.7 million units from 20,784 customers a year ago, reflecting an 8% increase in units and a 6% increase in customers [16] - Adoption of premium tiers, Plus and Max, exceeded 25%, indicating success in capturing both SMB and upmarket customers [10] Company Strategy and Development Direction - The company focuses on three strategic pillars: Differentiate to Win, Deliver Performance Efficiently, and Great People and Culture [7][11][12] - The introduction of agentic AI capabilities aims to transform property management into performance management, enhancing customer workflows and operational efficiency [7][10] - The company is positioned to lead the transition towards a unified platform that reduces software fragmentation and enhances customer experience [6] Management's Comments on Operating Environment and Future Outlook - Management noted that while 81% of managers feel positive about the market, rising operating costs and pressure on occupancy rates remain challenges [5] - The 2026 financial outlook anticipates annual revenue between $1.1 billion and $1.12 billion, with a midpoint growth rate of 17% [19] - Management emphasized the importance of innovation and execution in achieving customer performance and maintaining a competitive edge [20] Other Important Information - The company ended 2025 with 1,702 employees, a 4% increase from the previous year, reflecting growth in various functional areas [18] - The company has been recognized on Forbes' America's Most Successful Mid-Cap Companies and Time Magazine's America's Growth Leaders, validating its strategic momentum [4] Q&A Session Summary - No specific questions and answers were provided in the content, thus this section is not applicable.

Apple (NasdaqGS:AAPL) Q1 2026 Earnings call January 29, 2026 05:00 PM ET Company ParticipantsAatif Malik - SVPAmit Daryanani - Senior Managing Director of Equity ResearchBen Reitzes - Managing Director and Head of Technology ResearchDavid Vogt - Managing DirectorErik Woodring - Managing Director of Equity ResearchKevan Parekh - CFOKrish Sankar - Managing DirectorRichard Kramer - Founder and Managing DirectorSuhasini Chandramouli - Director of Investor RelationsTim Cook - CEOConference Call ParticipantsAaron ...

Financial Data and Key Metrics Changes - FinWise Bancorp reported a net income growth of 26% for 2025, with a fourth-quarter net income of $3.9 million and diluted earnings per share of $0.27 [4][17] - Net interest income increased to $24.6 million from $18.6 million in the prior quarter, with a net interest margin rising to 11.42% compared to 9.01% [19] - Non-interest income grew to $22.3 million from $18 million in the previous quarter, primarily due to increases in credit enhancement income [20] Business Line Data and Key Metrics Changes - Loan originations for Q4 totaled $1.6 billion, exceeding guidance of $1.4 billion, bringing full-year originations to $6.1 billion, a 22% year-over-year growth [4][22] - Credit-enhanced product balances reached $118 million, surpassing the $115 million outlook [6] - SBA loan originations decreased quarter-over-quarter due to processing delays, but the environment normalized post-government reopening [15][16] Market Data and Key Metrics Changes - Average interest-bearing deposits rose to $567.4 million from $523.9 million, driven by increased certificates of deposit and non-interest-bearing demand deposits [22] - The company anticipates a quarterly run rate of approximately $1.4 billion in loan originations for Q1 2026, with a projected 5% growth for the full year [22][23] Company Strategy and Development Direction - The company is focused on building durable, long-term growth through strategic partnerships and expanding its credit-enhanced loan portfolio [9][10] - FinWise is exploring AI opportunities to enhance efficiency and automation while safeguarding sensitive data [9][70] - The company aims to maintain a disciplined approach to expense management while pursuing growth opportunities [4][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the stability of credit trends and the overall performance of the portfolio [11] - The company expects a gradual moderation in non-performing loan migration, with proactive measures taken to manage risk [24][25] - Management views the current economic environment as stable, with solid demand for SBA loans despite recent originations being affected by timing delays [29] Other Important Information - The increase in net charge-offs for Q4 was attributed to refined servicing standards, which are expected to be a one-time event [12][68] - The company is committed to maintaining a positive operating leverage ratio, with revenues expected to grow faster than expenses [65] Q&A Session Summary Question: Opportunities to lower CD funding costs - Management indicated that CD funding costs are tied to wholesale funding and will decrease gradually as the Fed reduces interest rates [26][27] Question: Progression of MoneyRails and BIN Sponsorship potential - Management remains confident in the BIN payments strategy, although timing may be pushed out beyond initial expectations [28] Question: SBA business outlook and originations - Management noted solid demand for SBA loans, with a slight decrease in originations due to timing delays rather than demand issues [29] Question: Surge in non-interest-bearing deposits - The surge was attributed to strategic partners facilitating student loans, requiring collateral deposits [36] Question: Recontracting process with existing partners - Management reported a historically smooth recontracting process, with no significant concerns regarding upcoming renewals [40][41] Question: Impact of fintech obtaining bank charters - Management believes that not all fintechs will benefit from a banking charter, as it may not align with their business models [42][43] Question: Cross-selling products with existing partners - Management highlighted the potential for cross-selling products with existing partners, noting that it does not require the same scale as standalone products [46][47] Question: Clarification on the impact of servicing and administrative standards - The increased provision related to servicing changes was a one-time event, costing approximately $0.08 in earnings per share [68] Question: Examples of AI usage - Management is utilizing AI for coding, quality assurance, and compliance, with a focus on enhancing operational efficiency [70][71]

DXC Technology Company (NYSE:DXC) Q3 2026 Earnings call January 29, 2026 05:00 PM ET Company ParticipantsBrendan Biles - Equity Research AssociatePaul Obrecht - Equity Research AssociateRaul Fernandez - President and CEORob Del Bene - CFORod Bourgeois - Managing Partner and Head of ResearchRoger Sachs - VP of Investor RelationsConference Call ParticipantsAntonio Jaramillo - Equity Research AnalystBryan Bergin - Managing Director and Senior Equity Research AnalystJamie Friedman - Financial Analyst and Valuat ...

Financial Data and Key Metrics Changes - Global enterprise revenues for Q4 2025 were $1.302 billion, down 6% year-over-year on a reported basis and down 7% on an adjusted basis [4] - Net income per share for the quarter was $0.32, compared to $0.53 in Q4 2024 [5] - Cash flow from operations was $183 million, an 18% increase over Q4 2024 [6] - Return on invested capital was 10% in Q4 2025 [6] Business Line Data and Key Metrics Changes - Talent Solutions revenues were down 9% year-over-year on an adjusted basis, with U.S. revenues at $623 million and non-U.S. revenues at $200 million [7] - Protiviti's global revenues in Q4 were $479 million, with U.S. revenues down 6% and non-U.S. revenues up 9% year-over-year [8] - Gross margin for Talent Solutions was 46.7% in Q4 2025, compared to 46.4% in Q4 2024 [9] - Protiviti's adjusted gross margin was 22.8% for the quarter, down from 25.1% last year [10] Market Data and Key Metrics Changes - Contract Talent Solutions bill rates increased by 3.2% year-over-year, adjusted for revenue mix [8] - The number of billing days in Q4 2025 was 61.4, slightly down from 61.6 in Q4 2024 [7] - The unemployment rate remains low, with significant pent-up demand for skilled professionals [19] Company Strategy and Development Direction - The company aims to capitalize on emerging opportunities and support clients' talent and consulting needs through its industry-leading brand and unique business model [5] - Protiviti's pipeline remains strong across all major solution areas, with a focus on technology modernization and data optimization [23] - The company is exploring innovative pricing strategies in response to AI developments, considering outcome-based pricing models [66] Management's Comments on Operating Environment and Future Outlook - Management noted a return to sequential growth for the first time since early 2022, with a more conducive macro environment [18] - Concerns about a near-term economic downturn have moderated, with hiring plans holding steady among small businesses [19] - The company expects to return to positive year-over-year growth by Q3 2026, driven by improved client engagement and decision timelines [31] Other Important Information - The company distributed a cash dividend of $0.59 per share, totaling $59 million [6] - The tax rate for Q4 was 32%, up from 28% the previous year, due to non-deductible expenses [11] Q&A Session Summary Question: Insights on the top line and margin improvement - Management indicated that if current trends continue, positive year-over-year growth could be expected by Q3 2026 [31] - Steps for efficiency include retaining top producers and leveraging AI for better matching and prospect ranking [32] Question: Comments on the permanent placement market - Management believes the permanent placement market is stronger than it appears, with SMB clients facing challenges in hiring due to a lean workforce [33] Question: Labor uncertainty due to AI - Management acknowledged that uncertainty around AI may lead clients to prefer flexible workers, but current demand for full-time hires remains stable [37] Question: Protiviti's headcount and revenue growth - Management noted that Protiviti has hidden capacity due to underutilized full-time staff and contractors, allowing for potential revenue growth without significant headcount increases [42] Question: Pricing environment for Protiviti - The pricing environment remains competitive, with no significant changes expected, but there is potential for cost-of-living increases to be passed on to clients [91]

Beazer Homes USA (NYSE:BZH) Q1 2026 Earnings call January 29, 2026 05:00 PM ET Company ParticipantsAllan Merrill - Chairman and CEODavid Goldberg - SVP and CFOConference Call ParticipantsJulio Romero - Equity AnalystNatalie Kulasekere - Senior AnalystRohit Seth - Senior Research AnalystTyler Batory - Executive Director and Senior Analyst for Lodging, Leisure, and Residential Real EstateOperatorGood afternoon and welcome to the Beazer Homes earnings conference call for the first quarter ended December 31st, ...

Visa (NYSE:V) Q1 2026 Earnings call January 29, 2026 05:00 PM ET Company ParticipantsChris Suh - EVP and CFODan Perlin - Managing DirectorDarrin Peller - Managing DirectorJennifer Como - SVP and Head of Investor RelationsRyan McInerney - CEOSanjay Sakhrani - Managing DirectorWill Nance - VPNone - Company RepresentativeNone - Company RepresentativeConference Call ParticipantsAdam Frisch - Senior Managing Director and Fundamental Research AnalystAndrew Jeffrey - Research Analyst of Financial Services and Tech ...

DXC Technology Company (NYSE:DXC) Q3 2026 Earnings call January 29, 2026 05:00 PM ET Company ParticipantsBrendan Biles - Equity Research AssociatePaul Obrecht - Equity Research AssociateRaul Fernandez - President and CEORob Del Bene - CFORod Bourgeois - Managing Partner and Head of ResearchRoger Sachs - VP of Investor RelationsConference Call ParticipantsAntonio Jaramillo - Equity Research AnalystBryan Bergin - Managing Director and Senior Equity Research AnalystJamie Friedman - Financial Analyst and Valuat ...