Financial Data and Key Metrics Changes - Adjusted net income for Q3 2025 was $72.6 million, with adjusted earnings per share at $0.76, resulting in an adjusted return on assets of 1.55% and an adjusted return on tangible common equity of 19.3% [4][6] - Record revenue was achieved in Q3, driven by a robust net interest margin of 4.02% and record non-interest income, which represented 31% of total net revenue [4][7] - Tangible book value per share increased to $16.19, a 5% increase from the previous quarter and a 14% increase year-over-year [6][12] Business Line Data and Key Metrics Changes - Loan balances declined modestly by $72 million during the quarter, primarily due to lower production in specialty lending areas and an increase in construction originations [5][10] - Non-interest income reached a record high of $73.6 million, led by leasing and foreign exchange businesses, with higher syndication fees contributing to the increase [10][11] - Non-interest expenses increased due to higher incentive compensation tied to fee income, but overall expenses were well managed [5][11] Market Data and Key Metrics Changes - Average deposit balances increased by $157 million, driven by higher broker deposits and money market accounts, despite a seasonal decline in public funds [7][10] - The company maintained 21% of total balances in non-interest bearing accounts, focusing on growing lower-cost deposit balances [7] Company Strategy and Development Direction - The company expects loan growth to return to mid-single digits in Q4 2025, driven by strong commercial lending and seasonal public fund inflows [13][34] - The integration of pending acquisitions, including Westfield and BankFinancial, is anticipated to enhance operational efficiency and expand market reach [15][64] - The company aims to maintain an industry-leading net interest margin and is preparing for potential rate cuts while managing deposit costs [13][52] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving strong performance in Q4 2025, with expectations for continued growth in fee income and stable credit costs [14][43] - The company anticipates that credit costs will remain steady, with net charge-offs expected to be in the mid-20 basis points range [43] - Management highlighted the competitive deposit environment but indicated that proactive measures have been taken to manage deposit costs effectively [52] Other Important Information - The company recorded $9.1 million in provision expense during the quarter, driven by net charge-offs, with an allowance for credit losses (ACL) coverage of 1.38% of total loans [8][12] - The company is committed to providing attractive returns to shareholders, with 33% of earnings returned through dividends during the period [12] Q&A Session Summary Question: NDFI loan exposure details - The company has approximately $434 million in the NDFI portfolio, which is conservatively managed and primarily consists of traditional REITs [17][20] Question: Impact of rate cuts on net interest margin - Each 25 basis point rate cut is expected to create about 5 basis points of margin pressure initially, with recovery as deposit costs adjust [21][22] Question: Loan growth expectations and verticals driving growth - Strong commercial lending is expected to drive growth, with specific contributions from Summit funding and commercial real estate [32][34] Question: Fourth quarter fee and expense guidance - The increase in fourth quarter expenses is primarily driven by higher forecasts from Bannockburn and other business segments [40][41] Question: Credit cost outlook - Credit costs are expected to remain steady, with a run rate of mid-20 basis points anticipated [43] Question: Capital management and buyback considerations - The company plans to assess capital ratios post-acquisitions before considering buybacks, especially if trading below tangible book value [45][46] Question: Deposit competition and funding growth - The company expects to manage deposit costs effectively despite competitive pressures, aided by liquidity from acquisitions [52][54]

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First Financial Bancorp (NasdaqGS:FFBC) Q3 2025 Earnings Call October 24, 2025 08:30 AM ET Speaker0Thank you for standing by, and welcome to the First Financial Bancorp Third Quarter twenty twenty five Earnings Conference Call and Webcast. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer Thank you. I'd now like to turn the call over to Scott Crawley. You may begin.Speaker1Thank you, Rob. Good morning, everyone, and thank you ...

Financial Institutions (NasdaqGS:FISI) Q3 2025 Earnings Call October 24, 2025 08:30 AM ET Speaker0Hello, everyone, and thank you for joining the Financial Institutions, Inc. Third Quarter twenty twenty five Earnings Call. My name is Lucy, and I'll be coordinating your call today. It is now my pleasure to hand over to your host, Kate Croft, Director of Investor Relations to begin. Please go ahead.Speaker1Thank you for joining us for today's call. Providing prepared comments will be President and CEO, Marty B ...

Financial Institutions (NasdaqGS:FISI) Q3 2025 Earnings Call October 24, 2025 08:30 AM ET Speaker0Hello everyone, and thank you for joining the Financial Institutions Inc. third quarter 2025 earnings call. My name is Lucy, and I'll be coordinating your call today. During the presentation, you can register a question by pressing *1 on your telephone keypad. If you change your mind, please press *2. It is now my pleasure to hand over to your host, Kate Croft, Director of Investor Relations, to begin. Please g ...

First Financial Bancorp (NasdaqGS:FFBC) Q3 2025 Earnings Call October 24, 2025 08:30 AM ET Speaker7Thank you for standing by and welcome to the First Financial Bancorp Third Quarter 2025 Earnings Conference Call and Webcast. 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 would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to ...

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