Financial Data and Key Metrics Changes - Total assets decreased to $9.8 billion from $10.4 billion, primarily due to reduced wholesale funding and higher cost deposits [9] - Total gross loans decreased by $244.6 million to $6.7 billion, attributed to higher prepayments and repayments [9] - Total deposits decreased by $514 million to $7.8 billion, driven by efforts to reduce higher cost deposits [10] - Diluted income per share for the fourth quarter was $0.07, down from $0.35 in the third quarter [11] - Net interest income decreased to $90.2 million from $94.2 million, with net interest margin dropping to 3.78% from 3.92% [11] - Non-interest income increased to $22 million from $17.3 million, driven by gains from the sale and leaseback of banking centers [11] Business Line Data and Key Metrics Changes - The company focused on credit transformation, operational efficiency, and balance sheet optimization as part of its strategic plan [4][5] - The asset management segment saw an increase in assets under management to $3.3 billion, up by $87.2 million [10] Market Data and Key Metrics Changes - The company has significant deposits and assets under management in Venezuela, with nearly $2 billion in deposits and close to 50,000 customers [6][7] - The company anticipates growth opportunities in Venezuela due to potential reopening of the oil sector [7] Company Strategy and Development Direction - The board approved a three-year strategic plan focusing on stabilization, optimization, and growth [3] - The company aims to enhance shareholder value through disciplined execution and investment in human capital [4] - A share repurchase program was approved to recognize the intrinsic value of shares [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future and its ability to enhance shareholder value [3] - The company is focused on improving credit quality and asset management while navigating a challenging economic environment [25] - Management highlighted the importance of proactive credit risk management and operational efficiencies [25] Other Important Information - The company plans to maintain a strong capital position while balancing growth, buybacks, and dividends [24] - The efficiency ratio is targeted to improve towards 60% by year-end 2026 [32] Q&A Session Summary Question: What metrics can be used to measure the progress of the three-year program? - Management emphasized improvements in credit quality metrics and a disciplined approach to loan origination as critical measures of success [27][28] Question: Are there any financial targets outlined for the next couple of years? - Management aims for a return on assets close to 1% and an efficiency ratio around 60% by year-end 2026, with aspirations for further improvements in subsequent years [31][32] Question: What specific drivers will help reduce expenses in 2026? - Management highlighted the reduction of higher cost deposits and optimization of marketing expenses as key drivers for expense reduction [34][35] Question: How does the company view asset quality moving forward? - Management expects outflows to outweigh inflows in criticized loan buckets, projecting an improvement in asset quality [39] Question: How are recent events in Venezuela impacting the company? - Management sees potential growth opportunities in Venezuela, with expectations of increased deposits and asset management as the market stabilizes [41][42]

Financial Data and Key Metrics Changes - For Q4 2025, the company reported a pre-provision net revenue (PP&R) of $323 million and earnings per share (EPS) of $2.47, resulting in a full-year PP&R of $1.27 billion and EPS of $9.50 [9][10] - The return on tangible common equity for the year was approximately 20% [9] - The company experienced an 8% growth in loans and deposits during Q4 [6][10] Business Line Data and Key Metrics Changes - Non-interest income for Q4 was $106 million, up $7 million from the previous quarter, driven by performance in the correspondent capital markets division [11] - The company achieved double-digit growth in tangible book value per share, despite the day-one dilution from the merger [5][6] Market Data and Key Metrics Changes - The loan production in Texas and Colorado for Q4 was $888 million, which is 15% higher than Q3's $775 million [58] - The overall loan production for the year in Texas and Colorado was up 10% compared to 2024 [58] Company Strategy and Development Direction - The company aims to continue funding growth while being active in share repurchases, particularly when there is a disconnect between fundamentals and share price [14] - The strategic focus includes expanding revenue producers and investing in technology platforms, including AI and commercial loan servicing [51][52] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the integration of the Independent Financial deal and noted that the risk profile of the company has been reduced [7][8] - The company anticipates mid to upper single-digit loan growth for 2026, supported by a growing pipeline [20][21] Other Important Information - The company repurchased 2 million shares in Q4, representing approximately 2% of the company, and authorized an additional 5 million shares for repurchase [7][13] - The efficiency ratio remained below 50% for both the quarter and the year [11] Q&A Session Summary Question: Thoughts on net interest margin and deposit costs - Management indicated that the net interest margin (NIM) was 3.86%, in line with guidance, and deposit costs were down 9 basis points [16][17] Question: Loan growth expectations - The company expects mid to upper single-digit loan growth for 2026, with a strong pipeline supporting this outlook [20][21] Question: Hiring activity and expense guidance - Management noted a focus on opportunistic hiring, particularly in commercial relationship managers, with a potential increase of 10%-15% in the next year or two [24][25] Question: Correspondent banking strength sustainability - Management believes the strength in correspondent capital markets is sustainable, driven by recent rate changes [26][28] Question: Increase in substandard loans - The increase in substandard loans was attributed to a few multifamily properties in lease-up, with the credit team not concerned due to strong equity positions [55]

Financial Data and Key Metrics Changes - The annual meeting was held virtually, and a quorum was not present, preventing the company from conducting business or discussing financial data [3][4]. Business Line Data and Key Metrics Changes - No specific business line data or key metrics were discussed during the meeting due to the lack of quorum [3][4]. Market Data and Key Metrics Changes - There were no updates on market data or key metrics as the meeting was adjourned without conducting any business [3][4]. Company Strategy and Development Direction - The company did not present any strategic updates or development directions during the meeting due to the adjournment [3][4]. Management's Comments on Operating Environment and Future Outlook - Management did not provide comments on the operating environment or future outlook as the meeting was unable to proceed [3][4]. Other Important Information - The company will announce the date and manner of the reconvened annual meeting to allow stockholders to submit proxies and achieve a quorum [4]. Q&A Session Summary - There were no questions or answers during the meeting as it was adjourned before any discussions could take place [3][4].

Amerant Bancorp (NYSE:AMTB) Q4 2025 Earnings call January 23, 2026 09:00 AM ET Company ParticipantsCarlos Iafigliola - Senior EVP and Interim CEOLaura Rossi - EVP and Head of Investor Relations and StrategyMichael Rose - Managing Director of Equity ResearchRussell Gunther - Managing DirectorSharymar Calderón - Senior EVP and CFOWoody Lay - VPOperatorWelcome to the Amerant Bancorp's fourth quarter 2025 earnings conference call. At this time, all participants are in listen-only mode. A question-and-answer ses ...

Eastern Bankshares (NasdaqGS:EBC) Q4 2025 Earnings call January 23, 2026 09:00 AM ET Company ParticipantsBob Rivers - Executive Chair and Chair of the Board of DirectorsDamon DelMonte - Managing DirectorDavid Rosato - CFODenis Sheahan - CEOFreddie Strickland - Director for Research DepartmentConference Call ParticipantsJanet Lee - Director and US Mid-Cap Bank AnalystLaurie Hunsicker - Senior AnalystNone - AnalystNone - AnalystNoneWelcome to the Eastern Bankshares, Inc. Q4 2025 Earnings Conference call. Curr ...

Financial Data and Key Metrics Changes - The annual meeting was held virtually, and a quorum was not present, preventing the company from conducting business or discussing financial data [3][4]. Business Line Data and Key Metrics Changes - No specific business line data or key metrics were discussed during the meeting due to the lack of quorum [3][4]. Market Data and Key Metrics Changes - There were no updates on market data or key metrics as the meeting was adjourned without conducting any business [3][4]. Company Strategy and Development Direction - The company did not present any strategic updates or development directions during the meeting due to the adjournment [3][4]. Management's Comments on Operating Environment and Future Outlook - Management did not provide comments on the operating environment or future outlook as the meeting was unable to proceed [3][4]. Other Important Information - The company will announce the date and manner of the reconvened annual meeting to allow stockholders to submit proxies and achieve a quorum [4]. Q&A Session All Questions and Answers - No questions or answers were recorded as the meeting was adjourned before any discussions could take place [3][4].

Eastern Bankshares (NasdaqGS:EBC) Q4 2025 Earnings call January 23, 2026 09:00 AM ET Company ParticipantsBob Rivers - Executive Chair and Chair of the Board of DirectorsDamon DelMonte - Managing DirectorDavid Rosato - CFODenis Sheahan - CEOFreddie Strickland - Director for Research DepartmentConference Call ParticipantsJanet Lee - Director and US Mid-Cap Bank AnalystLaurie Hunsicker - Senior AnalystNone - AnalystNone - AnalystNoneWelcome to the Eastern Bankshares, Inc. Q4 2025 Earnings Conference call. Curr ...

Financial Data and Key Metrics Changes - The annual meeting was held virtually, and a quorum was not present, preventing the company from conducting business or discussing financial data [3][4]. Business Line Data and Key Metrics Changes - No specific business line data or key metrics were discussed during the meeting due to the lack of quorum [3][4]. Market Data and Key Metrics Changes - There were no updates on market data or key metrics as the meeting was adjourned without conducting any business [3][4]. Company Strategy and Development Direction - The company did not present any strategic updates or development directions during the meeting due to the adjournment [3][4]. Management's Comments on Operating Environment and Future Outlook - Management did not provide comments on the operating environment or future outlook as the meeting was unable to proceed [3][4]. Other Important Information - The company will announce the date and manner of the reconvened annual meeting to allow stockholders to submit proxies and achieve a quorum [4]. Q&A Session Summary - There were no questions or answers during the meeting as it was adjourned before any business could be conducted [3][4].

Financial Data and Key Metrics Changes - Total assets decreased to $9.8 billion from $10.4 billion, primarily due to reduced wholesale funding and higher cost deposits [11] - Total gross loans decreased by $244.6 million to $6.7 billion, attributed to higher prepayments and repayments [11] - Total deposits decreased by $514 million to $7.8 billion, driven by efforts to reduce higher cost deposits [12] - Diluted income per share for Q4 was $0.07, down from $0.35 in Q3 [13] - Net interest income decreased to $90.2 million from $94.2 million, with net interest margin dropping to 3.78% from 3.92% [13] - Non-interest income increased to $22 million from $17.3 million, driven by gains from the sale and leaseback of banking centers [13] Business Line Data and Key Metrics Changes - Cash and cash equivalents decreased by $160.7 million to $470.2 million [11] - Total investments decreased to $2.1 billion from $2.3 billion [11] - Broker deposits decreased from $550.2 million to $435.7 million [12] - Non-performing assets increased to $187 million, or 1.9% of total assets, from $140 million, or 1.3% [19] Market Data and Key Metrics Changes - Assets under management increased by $87.2 million to $3.3 billion, driven by higher market valuations [11] - The company sees growth opportunities in Venezuela, with nearly $2 billion in deposits and significant AUM [8] Company Strategy and Development Direction - The company has a three-year strategic plan focused on stabilizing, optimizing, and growing the organization [4] - Key initiatives include credit transformation, balance sheet optimization, and operational efficiency [5] - The company is investing in human capital and technology to enhance productivity and client experience [6] - A share repurchase program has been approved to recognize the intrinsic value of shares [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future and ability to enhance shareholder value [4] - The company is focused on improving credit quality and asset management, particularly in light of recent events in Venezuela [8][27] - Management anticipates loan growth of 7%-9% for the year, with a focus on improving the ratio of non-interest bearing deposits [26] Other Important Information - The company plans to continue executing on prudent capital management, balancing growth with buybacks and dividends [26] - The efficiency ratio is targeted to improve towards 60% by year-end [34] Q&A Session Summary Question: What metrics can be used to measure the progress of the three-year program? - Management highlighted credit quality improvements and disciplined loan origination as critical success metrics [30][31] Question: Are there any financial targets outlined for the next couple of years? - Management aims for a return on assets close to 1% and an efficiency ratio around 60% by year-end [34] Question: What specific drivers will help reduce expenses in 2026? - Management mentioned reducing higher cost deposits and optimizing marketing expenses as key drivers for expense reduction [37] Question: How does the company view the current asset quality and provisioning needs? - Management expects improvements in criticized loans and anticipates a provision impact of 40-45 basis points throughout the year [42] Question: How are recent events in Venezuela expected to impact deposit gathering efforts? - Management sees potential growth in international deposits due to favorable conditions in Venezuela, although it is still early to quantify the impact [44][45]

SouthState (NYSE:SSB) Q4 2025 Earnings call January 23, 2026 09:00 AM ET Speaker4Good morning and welcome to SouthState Bank Corporation's Q4 2025 earnings conference call. All participants are in a listen-only mode. After the speaker's remarks, we'll conduct a question-and-answer session. To ask a question at this time, you'll need to press star followed by the number 1 on your telephone keypad. As a reminder, this conference call is being recorded. I would now like to turn the call over to Will Matthews. ...