Business First Bancshares (NasdaqGS:BFST) Q3 2025 Earnings Call October 23, 2025 05:00 PM ET Speaker3Hello and thank you for standing by. My name is Mark, and I will be your conference operator today. At this time, I would like to welcome everyone to Business First Bancshares Q3 2025 earnings 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 would like to ask a question during this time, simply press sta ...

Financial Data and Key Metrics Changes - For Q3 2025, diluted earnings per share increased to $0.96 from $0.86 in the linked quarter, driven by reduced provision for credit losses and increased net interest income [16] - Net interest income rose to $43 million from $42.5 million in the previous quarter, while the net interest margin (NIM) was 4.05%, slightly down from 4.07% [16][17] - The consolidated common equity Tier 1 risk-based capital ratio was 14.41%, and the Tier 1 leverage ratio was 12.37% as of September 30, 2025 [7] Business Line Data and Key Metrics Changes - Loans held for investment decreased by $45.5 million to $3.05 billion, primarily due to a $46.5 million decline in multifamily property loans [8] - The indirect auto loan portfolio remained relatively stable at $239 million, down from $296 million a year ago, with a focus on maintaining credit quality [12] - Non-interest income for Q3 was $11.2 million, down from $12.2 million in the linked quarter, mainly due to a decrease in mortgage banking revenues [14][15] Market Data and Key Metrics Changes - Deposits increased by $142.2 million to $3.88 billion, with significant growth in non-interest-bearing deposits, which rose to 27% of total deposits [17] - The major metro loan portfolio represented 33.2% of the total loan portfolio, with steady performance in Dallas, Houston, and El Paso [11] Company Strategy and Development Direction - The company aims to grow its lending team by up to 20% to enhance loan growth, with a focus on organic growth and potential M&A opportunities [5][6] - The management is optimistic about accelerating loan growth in 2026, despite current headwinds from higher-than-normal loan paydowns [5][14] - The company is actively engaging in discussions with potential acquisition targets that align with its conservative nature and culture [6][51] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the bank's strong financial position and ability to capitalize on growth opportunities, despite challenges in the current economic environment [4][86] - The management noted that while there are concerns about credit quality, particularly in the indirect auto portfolio, they have not seen significant increases in delinquencies [63][70] Other Important Information - The company redeemed $50 million in subordinated debt to avoid higher interest rates, reflecting a proactive approach to managing capital costs [20] - The tangible common equity to tangible assets ratio was 10.25%, indicating a solid capital position [21] Q&A Session Summary Question: Plans for increasing the lending team - The company plans to increase its lending team by up to 20%, with a current base of about 40 lenders, focusing on production staff [26][28] Question: Concerns about subprime loan concentration - Management clarified that there has not been a significant increase in subprime loans, and the data presented was updated to reflect current borrower credit scores [32][33] Question: Impact of redeemed subordinated debt - The redeemed subordinated debt was previously at 4.5% and would have increased to 8%, with no additional expenses incurred during the redemption [35][37] Question: Vulnerability of the commercial real estate book - Management acknowledged scheduled payoffs in the commercial real estate book but emphasized that they will not lower credit standards to retain loans [80][81]

Associated Banc-Corp (NYSE:ASB) Q3 2025 Earnings Call October 23, 2025 05:00 PM ET Speaker0Good afternoon, everyone, and welcome to Associated Bancor's Third Quarter twenty twenty five Earnings Conference Call. My name is Diego, and I will be your operator today. Copies of the slides that will be referenced during today's call are available on the company's website at investor.associatedbank.com. As a reminder, this conference call is being recorded. As outlined on Slide one, during the course of the discus ...

World Kinect (NYSE:WKC) Q3 2025 Earnings Call October 23, 2025 05:00 PM ET Speaker0Thank you for standing by, and welcome to World Connect Corporation's Third Quarter twenty twenty five Earnings Conference Call. I would now like to hand the call over to Brolio Medrano, Senior Director of FP and A and Investor Relations. Please go ahead.Speaker1Thank you, Latif, and good evening, everyone. Welcome to WorldConnect's third quarter twenty twenty five earnings conference call, which will be presented alongside o ...

Financial Data and Key Metrics Changes - The company reported revenue of $194 million, reflecting a 10% year-over-year increase [7] - Free cash flow reached $27 million, up 59% from the prior year [7] - The company raised its full-year revenue guidance to a range of $750 to $754 million, representing 8% to 9% growth from the prior year [8][25] - Gross profit was $108 million, maintaining a gross margin of 56% [29] - Net income was $17 million, or 8.6% of revenue, with adjusted EBITDA of $16 million, or 8% of revenue [30] Business Line Data and Key Metrics Changes - Consumer segment revenue was $130 million, up 13% year-over-year, driven by 7.7 million new registered learners [31] - The Coursera Plus subscription offering now accounts for more than half of consumer segment revenue [7] - Enterprise segment revenue was $64 million, up 6% year-over-year, with a 10% increase in the total number of paid enterprise customers [34] Market Data and Key Metrics Changes - The total number of registered learners reached 191 million, with 7.7 million new learners added in the quarter [32] - The company reported 14 enrollments per minute in its generative AI courses, up from eight enrollments per minute last year [14] Company Strategy and Development Direction - The company is focused on product-led innovation and enhancing customer experiences to drive long-term growth [6] - There is a commitment to leveraging data insights to improve product offerings and learner engagement [11] - The introduction of SkillsTracks aims to address skill gaps and provide tailored learning paths for enterprises [63] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's growth trajectory, citing strong top-of-funnel metrics and the success of Coursera Plus [48] - The company anticipates a seasonal decline in Q4 revenue, which is typical based on historical trends [49] - Management highlighted the importance of adapting to changing corporate spending environments and the need for upskilling in response to AI advancements [62] Other Important Information - The company announced the appointment of Anthony Salcedo as the new general manager of the enterprise segment [8] - The catalog has expanded by 44% to over 12,000 courses, with a focus on job-aligned micro-credentials [13] Q&A Session Summary Question: Insights on OpenAI embedded app and its impact - Management expressed excitement about the partnership with OpenAI, noting it as a top-of-funnel opportunity to attract new learners [40][41] Question: Sales and marketing investment priorities - The company highlighted the efficiency of its sales and marketing efforts, particularly in driving subscription growth [43] Question: Q4 revenue outlook and consumer growth durability - Management indicated that consumer growth is supported by strong marketing and product enhancements, despite typical seasonal impacts [48][49] Question: Trends in enterprise segment and budgetary challenges - Mixed trends were noted across different verticals, with Coursera for campus performing well while government segments faced challenges [61][62] Question: AI skills initiatives and Coursera's role - Management confirmed ongoing dialogues with partners like Google and Microsoft to enhance collaboration on AI skills training [73][74] Question: AI certifications and course offerings - The company sees potential in developing AI certifications in collaboration with partners, emphasizing the importance of verified skills [80][81] Question: Shifts in search and user engagement - Management discussed the integration with OpenAI as a way to enhance user engagement and improve course discovery through AI [86][87]

The Boston Beer Company (NYSE:SAM) Q3 2025 Earnings Call October 23, 2025 05:00 PM ET Speaker2Greetings, and welcome to The Boston Beer Company third quarter 2025 earnings call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce to you Mike Andrews, Associat ...

SS&C (NasdaqGS:SSNC) Q3 2025 Earnings Call October 23, 2025 05:00 PM ET Speaker9Thank you for standing by. My name is Greg, and I will be your conference operator today. At this time, I would like to welcome everyone to today's SS&C Technologies Q3 2025 earnings 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 time, simply press star followed by the number one on you ...

World Kinect (NYSE:WKC) Q3 2025 Earnings Call October 23, 2025 05:00 PM ET Speaker3Thank you for standing by and welcome to World Kinect Corporation's third quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question and answer session. To ask a question during the session, you will need to press *11 on your telephone. To remove yourself from the queue, you may press *11 again. I would now like to hand the call ove ...

The Boston Beer Company (NYSE:SAM) Q3 2025 Earnings Call October 23, 2025 05:00 PM ET Speaker0Greetings, and welcome to the Boston Beer Company Third Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. And as a reminder, this conference is being recorded. It is now my pleasure to introduce to you Mike Andrews, Associate General Counsel and Corporate Secretary.Thank you, Mr. Andrews. Please go a ...

Nextracker (NasdaqGS:NXT) Q2 2026 Earnings Call October 23, 2025 05:00 PM ET Speaker8Good afternoon, everyone, and thank you for standing by. My name is Nicole, and I will be your conference operator today. Today's call is being recorded. I would like to welcome everyone to Nextracker's second quarter fiscal year 2026 earnings call. After the speaker's remarks, there will be a Q&A session. If you would like to ask a question, please raise your hand. If you have dialed into today's call, please press star 9 ...