Lennox International (NYSE:LII) Q4 2025 Earnings call January 28, 2026 09:30 AM ET Company ParticipantsAlok Maskara - CEOAmit Mehrotra - Managing DirectorBrett Linzey - Managing DirectorChelsey Pulcheon - Directot of Investor RelationsChris Snyder - Executive DirectorDeane Dray - Managing DirectorJeff Hammond - Managing DirectorJeff Sprague - Founder and Managing PartnerJoe O'Dea - Managing DirectorJoe Ritchie - Managing DirectorMichael Quenzer - CFONicole DeBlase - Managing DirectorNigel Coe - Managing Dir ...

Financial Data and Key Metrics Changes - Net income for the fourth quarter totaled $57.9 million, with diluted EPS of $0.97, reflecting a 3.2% increase linked-quarter and a 5.4% increase year-over-year [4] - For the full year, net income reached a record $224.1 million, with diluted EPS of $3.70, and adjusted continuing operations net income increased by $37.8 million, or 20.3% [4] - Return on average assets was 1.21% and return on average tangible equity was 12.97% [4] - Loans held for investment increased by $126 million, or 0.9% linked-quarter, and $584 million, or 4.5% year-over-year [4][5] - Total revenue for the fourth quarter was $204 million, while full-year revenue reached $800 million, marking a record for the company [7] Business Line Data and Key Metrics Changes - The mortgage banking business saw increased production and significant profitability improvements [3] - Wealth management revenue reached an all-time high, driven by improved asset values and new account acquisitions [3][32] - Non-interest income for the fourth quarter totaled $41 million, up 3.3% linked-quarter, and for the full year, it was $164 million, representing 20.5% of total revenue [8] Market Data and Key Metrics Changes - The deposit base declined by $131 million, or 0.8% linked-quarter, primarily due to a decrease in public fund deposits [5] - Year-over-year, deposits increased by $392 million, or 2.6%, driven by growth in commercial and personal balances [5] Company Strategy and Development Direction - The company aims for mid-single digit growth in loans held for investment and deposits for the full year 2026 [11] - The net interest margin is expected to be in the range of 3.8%-3.85% for 2026, with net interest income also anticipated to increase mid-single digits [11] - The company is focused on organic loan growth, potential market expansion, and M&A opportunities depending on market conditions [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining momentum into 2026, highlighting significant improvements in financial performance over recent years [12] - The company noted that credit quality has improved, with net charge-offs for 2025 at 13 basis points of average loans, and expects normalization of credit costs [20][22] Other Important Information - The board announced a 4.2% increase in the regular quarterly dividend to $0.25 per share, payable on March 15, 2026 [10] - The company repurchased $80 million of common stock during the year, including $43 million in the fourth quarter [7][10] Q&A Session Summary Question: Inquiry about new hires in the fourth quarter and talent acquisition strategy - Management reported 13 new production hires in the fourth quarter, focusing on organic expansion and improved loan growth [16][17] Question: Clarification on credit cost normalization and expectations for charge-offs - Management expects net charge-offs to stabilize at 13-15 basis points of average loans, with improvements in credit quality contributing to lower provisioning costs [20][22] Question: Discussion on guidance and key levers impacting growth - Loan growth and capital deployment were identified as key drivers for guidance, with management expressing confidence in maintaining solid loan growth while managing capital effectively [28][29] Question: Inquiry about expense growth cadence throughout the year - Management indicated that expense increases are typically higher in the second half of the year due to merit increases and performance-based bonuses [40][42] Question: Discussion on M&A activity and market opportunities - Management acknowledged increased discussions around M&A but emphasized a cautious and selective approach, focusing on organic growth while remaining open to opportunistic deals [45][51]

Financial Data and Key Metrics Changes - Net income for Q4 2025 totaled $57.9 million, with diluted EPS of $0.97, reflecting a 3.2% increase linked-quarter and a 5.4% increase year-over-year [4] - Full year net income reached a record $224.1 million, with diluted EPS of $3.70, and adjusted continuing operations net income increased by $37.8 million, or 20.3% in 2025 [4] - Return on average assets was 1.21% and return on average tangible equity was 12.97% [4] - Loans held for investment increased by $126 million, or 0.9% linked-quarter, and $584 million, or 4.5% year-over-year [4] Business Line Data and Key Metrics Changes - The traditional banking business drove continued loan and deposit growth, with a strong net interest margin of 3.81% in Q4 [6] - Mortgage banking business saw increased production and significant improvement in profitability, while wealth management revenue reached an all-time high [3] - Non-interest income for Q4 totaled $41 million, up 3.3% linked-quarter, and for the full year, it totaled $164 million, representing 20.5% of total revenue [7] Market Data and Key Metrics Changes - Deposit base declined by $131 million, or 0.8% linked-quarter, primarily due to a decrease in public fund deposits [5] - Year-over-year, deposits increased by $392 million, or 2.6%, driven by growth in commercial and personal balances [5] - The cost of total deposits in Q4 was 1.72%, a decrease of 12 basis points linked-quarter [5] Company Strategy and Development Direction - The company plans to continue its disciplined approach to capital deployment, focusing on organic loan growth, potential market expansion, and M&A opportunities depending on market conditions [12] - The company aims to maintain momentum into 2026, with guidance for loans and deposits to increase mid-single digits [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong credit performance, with net charge-offs for 2025 at 13 basis points of average loans, and expects normalization of credit costs [20] - The company anticipates net interest margin to be in the range of 3.8%-3.85% for 2026, with net interest income expected to increase mid-single digits [11] Other Important Information - The board announced a 4.2% increase in the quarterly dividend to $0.25 per share, bringing the full year dividend to $1 per share [10] - The company repurchased $80 million of common stock during the year, including $43 million in Q4 [6] Q&A Session Summary Question: How many new hires were made in Q4 and how does M&A activity affect talent acquisition? - In Q4, the company made approximately 13 new production hires across various markets, continuing to focus on organic expansion and talent acquisition [16] - M&A activity creates opportunities for recruitment and the company is monitoring market disruptions closely [17] Question: Can you provide context on the normalization of credit costs? - Management expects net charge-offs to stabilize around 13-15 basis points of average loans, with significant improvements in credit quality noted in 2025 [20] Question: What are the key levers impacting guidance for 2026? - Loan growth is identified as a key driver, with capital deployment interrelated to supporting solid loan growth and share repurchase [27] Question: What is the expected cadence of expense growth throughout the year? - Expense growth is expected to be steady, with merit increases typically occurring in the second half of the year [38] Question: Is there a scenario where the company may not pursue M&A due to market disruptions? - Management acknowledged that market disruptions could lead to a focus on organic growth rather than M&A, depending on the opportunities available [50]

UMB Financial (NasdaqGS:UMBF) Q4 2025 Earnings call January 28, 2026 09:30 AM ET Speaker9Hello, everyone, and thank you for joining the UMB Financial fourth quarter 2025 financial results conference call. My name is Gabrielle, and I will be coordinating your call today. During the presentation, you can register a question by pressing star, followed by 1 on your telephone keypad. If you change your mind, please press star, followed by 2 on your telephone keypad. I will now hand over to your host, Kay Gregory ...

Lennox International (NYSE:LII) Q4 2025 Earnings call January 28, 2026 09:30 AM ET Speaker15Welcome to the Lennox fourth quarter earnings conference call. All lines are currently in listen-only mode, and there will be a question-and-answer session at the end of the presentation. You may enter the queue to ask a question by pressing star and one on your phone. To exit the queue, press star and two. As a reminder, this call is being recorded. I would now like to turn the call over to Chelsea Polson from Lenno ...

NEWS RELEASE Werner® Acquires FirstFleet, Inc., Expanding Dedicated Market Leadership 2026-01-28 OMAHA, Neb.--(BUSINESS WIRE)-- Werner Enterprises, Inc. (Nasdaq: WERN), a premier transportation and logistics provider, today announced it has acquired privately owned Dedicated trucking company, First Enterprises, Inc. ("FirstFleet"), for approximately $245 million in cash. Werner will also separately acquire real estate properties directly from FirstFleet. The acquisition establishes Werner as the fth-largest ...

Stifel Financial (NYSE:SF) Q4 2025 Earnings call January 28, 2026 09:30 AM ET Speaker7Good day, and welcome to the Stifel Financial Fourth Quarter 2025 Financial Results Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Joel Jeffrey, Head of Investor Relations. Please go ahead.Speaker3Thank you, operator. Good morning, and welcome to Stifel Financial's fourth quarter and full year 2025 earnings call. On behalf of Stifel Financial Corp, I will be ...

CGI (NYSE:GIB) Q1 2026 Earnings call January 28, 2026 09:00 AM ET Company ParticipantsFrançois Boulanger - CEOKevin Linder - SVP of Investor RelationsSteve Perron - EVP and CFOSuthan Sukumar - Managing DirectorThanos Moschopoulos - Managing DirectorConference Call ParticipantsJérôme Dubreuil - Senior Equity AnalystKevin Krishnaratne - Director and Equity Research AnalystRichard Tse - Managing Director and Technology AnalystRobert Young - Managing Director and Senior Technology AnalystStephanie Price - Execu ...

Financial Data and Key Metrics Changes - In Q4 2025, total net sales were EUR 9.7 billion, with net system sales at EUR 7.6 billion, including EUR 3.6 billion from EUV system sales and EUR 4 billion from non-EUV system sales [6][8] - Gross margin for Q4 was 52.2%, and net income was EUR 2.8 billion, representing 29.2% of total net sales, resulting in earnings per share of EUR 7.35 [7][8] - For the full year 2025, net sales were EUR 32.7 billion, with a gross margin of 52.8% and net income of EUR 9.6 billion, resulting in earnings per share of EUR 24.73 [9][10] Business Line Data and Key Metrics Changes - EUV system sales for 2025 were EUR 11.6 billion, a 39% increase from 2024, while DUV system sales decreased by 6% year-over-year to EUR 12 billion [9] - Installed base management sales increased by 26% year-over-year to EUR 8.2 billion [9] - R&D spending for 2025 was EUR 4.7 billion, approximately 14% of sales, while SG&A expenses increased to EUR 1.3 billion [10] Market Data and Key Metrics Changes - Logic system revenue was EUR 16.1 billion, a 22% increase from 2024, while memory system revenue was EUR 8.4 billion, a 2% decrease from 2024 [9] - Q4 net bookings were EUR 13.2 billion, with 56% from memory and 44% from logic [8] Company Strategy and Development Direction - The company is focused on innovation and capacity expansion, particularly in EUV technology, to meet the growing demand from advanced logic and DRAM customers [15][19] - The strategy includes increasing the share of EUV systems in the product mix and enhancing productivity through R&D investments [20] - The company anticipates significant revenue growth in EUV systems due to increased capacity needs driven by AI-related infrastructure [15][16] Management's Comments on Operating Environment and Future Outlook - Management noted an improved market outlook, particularly due to the buildup of data centers and AI infrastructure, leading to increased demand for advanced logic and DRAM [15][16] - There is a positive sentiment among foundry customers regarding long-term demand sustainability, with expectations for capacity expansion [15][16] - The company expects Q1 2026 total net sales to be between EUR 8.2 billion and EUR 8.9 billion, with a gross margin between 51% and 53% [11] Other Important Information - The company plans to return EUR 8.5 billion to shareholders through dividends and share buybacks in 2025, with a new share buyback program announced for up to EUR 12 billion [12][13] - The company expects to declare a total dividend of EUR 7.50 per ordinary share for 2025, a 17% increase compared to 2024 [11] Q&A Session Summary Question: Outlook for calendar 2026 regarding EUV bookings - Management indicated that the guidance is influenced by customer progress in completing fabs and the ability to ramp production accordingly [23][24] Question: Changes in vision for High-NA tools in 2026 - Management expects continued progress in both DRAM and logic customer adoption, with qualification data collection expected to last most of the year [26][27] Question: Revenue growth guidance for 2026 - Management stated that growth is largely driven by customer readiness to take tools and their ability to complete fab construction [33][34] Question: Manufacturing capacity capabilities for Low-NA EUV tools - Management confirmed that capacity is dynamic and will increase gradually, with a focus on ramping up production in response to demand signals [35][36] Question: Customer visibility on equipment needs for the coming years - Management noted that customers are increasingly vocal about their capacity planning and expectations for demand, which aligns with public statements [41][42] Question: Impact of China on revenue guidance - Management indicated that China is expected to account for about 20% of total sales, and its performance will influence overall revenue guidance [50][51] Question: EUV capacity and booking trends - Management clarified that customers are not waiting for confirmation of capacity before booking, as they are aware of the company's plans to increase capacity [64][66]

Stock Yards Bancorp (NasdaqGS:SYBT) M&A announcement January 28, 2026 09:00 AM ET Company ParticipantsClay Stinnett - CFOJay Hillebrand - Chairman and CEOPhil Poindexter - PresidentTerry McEvoy - Managing DirectorYnyra Bohan - Equity Research AssociateZach Ingebrigtson - Equity Research AssociateConference Call ParticipantsKelly Motta - Director and Equity Research AnalystOperatorHello, and thank you for standing by. My name is Regina, and I will be your conference operator today. At this time, I would like ...