Home Bancshares (Conway, AR) (NYSE:HOMB) Q4 2025 Earnings call January 15, 2026 02:00 PM ET Company ParticipantsJohn Allison - ChairmanChris Poulton - PresidentMatt Olney - Managing DirectorMichael Rose - Managing DirectorBrian Martin - Director, Banks, and ThriftsCatherine Mealor - Managing DirectorKevin Hester - President and Chief Lending OfficerBrett Rabatin - Equity Research DepartmentStephen Tipton - CEOJon Arfstrom - Managing Director and Financial Services Equity ResearchBrian Davis - CFOConference ...

Home Bancshares (Conway, AR) (NYSE:HOMB) Q4 2025 Earnings call January 15, 2026 02:00 PM ET Company ParticipantsJohn Allison - ChairmanMatt Olney - Managing DirectorBrian Martin - Director, Banks, and ThriftsMichael Rose - Managing DirectorChristopher Poulton - PresidentCatherine Mealor - Managing DirectorKevin Hester - President and Chief Lending OfficerBrett Rabatin - Equity Research DepartmentStephen Tipton - CEOBrian Davis - CFOConference Call ParticipantsDavid Rochester - Managing Director and Senior B ...

Financial Data and Key Metrics Changes - For the full year of 2025, the company earned over $475 million in net profit, an 18.2% increase over 2024, with a return on investment (ROI) of 2.05% and an efficiency ratio of 41.29% [4][5] - The fourth quarter profit was reported at $118 million, an 18% increase from the previous year, with a net interest margin of 4.61% and a return on tangible common equity (ROTCE) of 16.65% [5][15] - The company reported record revenue of $1.09 billion for the year, with earnings per share (EPS) of $2.41, a 20% increase over 2024 [4][5] Business Line Data and Key Metrics Changes - Loan production for the fourth quarter exceeded $2.1 billion, with nearly $1.2 billion originating from the community bank footprint, particularly $600 million from Florida [15][19] - CCFG originated over $800 million in loan commitments in the fourth quarter, resulting in $236 million in net loan growth, marking a 10% growth for the year [23] - Total loan growth for the year was $922 million, representing a 6.24% increase [19] Market Data and Key Metrics Changes - Deposit balances improved by over $150 million in the fourth quarter, with total deposit costs at 1.91% [16] - Non-interest-bearing deposits comprised 22% of total deposits, indicating stable growth in this area [16] Company Strategy and Development Direction - The company announced a letter of intent (LOI) with Mountain Commerce Bank, marking its entry into the Tennessee market, which is expected to be accretive from day one [5][6][17] - Management emphasized a focus on avoiding dilution through acquisitions and improving performance by buying back stock instead [8][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, indicating that 2026 may be a good year for the company, with expectations of continued strong performance [41] - The management acknowledged the challenges faced by the banking industry but highlighted the company's resilience and strong asset quality metrics [20][12] Other Important Information - The company purchased 2,890,706 shares for $81.3 million in 2025, with 540,706 shares bought back for $14.7 million in the fourth quarter [5][4] - The company maintained a common equity tier one capital ratio of 16.3% and total risk-based capital at 19.1% [16] Q&A Session Summary Question: What do you attribute the growth to for the quarter? - Management noted that the growth was driven by a combination of larger loans being fully funded and strong pipelines, with no significant changes in loan sizes or geography [35][36] Question: Is the reserve level of 190 sufficient considering stable credit quality? - Management indicated that they prefer to maintain a 2% reserve and are open to increasing it if opportunities arise, expressing confidence in the current reserve level [41][42] Question: How do you view the competitive pressures in loan pricing? - Management acknowledged that there are competitive pressures with some aggressive pricing in the market, but they believe their team is navigating this environment well [61][62] Question: What is the outlook for the Texas franchise? - Management reported that the Texas operations are performing as expected and are now growing, indicating improvements in the Dallas-Fort Worth and West Texas areas [106][108]

H.B. Fuller Company (NYSE:FUL) Q4 2025 Earnings call January 15, 2026 10:30 AM ET Company ParticipantsScott Jensen - Head of Investor RelationsJohn Corkrean - EVP and CFOCeleste Mastin - President and CEOConference Call ParticipantsPatrick Cunningham - AnalystMike Harrison - AnalystDavid Begleiter - AnalystLucas Beaumont - AnalystGhansham Panjabi - AnalystJeff Zekauskas - AnalystKevin McCarthy - AnalystOperatorHello, and thank you for standing by. My name is Tiffany, and I will be your conference operator t ...

Financial Data and Key Metrics Changes - In Q4 2025, net revenue decreased by 3.1% year-on-year, with organic growth down 1.3% and volume down 2.5%, while pricing increased by 1.2% [5][11] - Adjusted EBITDA for Q4 was $170 million, up 15% year-on-year, with an EBITDA margin of 19%, reflecting a 290 basis point increase year-on-year [6][12] - Adjusted earnings per share (EPS) rose by 39% to $1.28 compared to Q4 2024, driven by higher operating income and share repurchases [12] Business Line Data and Key Metrics Changes - In the HHC segment, organic revenue decreased by 1.8% year-on-year, with EBITDA up almost 30% and EBITDA margin improving by 380 basis points to 17.5% [7] - Engineering adhesives (EA) saw organic revenue growth of 2.2%, with adjusted EBITDA increasing by 17% and EBITDA margin rising by 260 basis points to 23.5% [8] - BAS experienced a 4.8% decline in organic sales, with EBITDA decreasing by 7% due to lower volume despite pricing gains [9] Market Data and Key Metrics Changes - Americas organic revenue was flat year-on-year, with growth in EA offset by weaker results in packaging and construction-related markets [9] - EIMEA region saw a 6% decline in organic revenue, driven by lower volume in packaging and construction [9] - Asia-Pacific reported a 3% increase in organic revenue, with a 10% increase when excluding solar revenue [9] Company Strategy and Development Direction - The company aims to achieve greater than 20% EBITDA margin and is focused on transforming into a higher-growth, higher-margin entity [4] - Strategic actions include portfolio repositioning, focusing on higher-margin markets, and launching the Quantum Leap initiative for cost structure improvement [10][16] - M&A remains a key part of the growth strategy, with several acquisitions in medical adhesives and fastener coating systems to enhance market position [16][18] Management's Comments on Operating Environment and Future Outlook - The management anticipates a challenging economic environment in 2026, similar to 2025, with geopolitical tensions and inflation impacting manufacturing investment [10] - Despite these challenges, the company expects profit growth and margin expansion in 2026, supported by proactive pricing and raw material cost management [10][14] - The management highlighted the importance of maintaining a strong operational focus and executing global initiatives with discipline [20] Other Important Information - The company reported a net debt to adjusted EBITDA ratio of 3.1 times, down from 3.3 times in Q3 2025, indicating progress in reducing leverage [12] - Cash flow from operations for Q4 was $107 million, up 25% year-on-year, driven by higher net income [12] Q&A Session Summary Question: Q1 guidance and revenue decline - Management indicated that the primary reason for the low single-digit revenue decline in Q1 is the timing of Chinese New Year, which will shift some revenue from Q1 to Q2 [24][27] Question: Raw materials and pricing outlook for 2026 - The company expects a carryover benefit of around $25 million from pricing and raw material actions into 2026, with an overall benefit increasing to about $35 million [30] Question: BAS segment performance and government shutdown impact - Management clarified that the BAS segment faced a tough comparison due to a strong performance in Q4 2024, but the government shutdown did not significantly impact their operations [41] Question: Packaging market trends and competitive intensity - The management acknowledged ongoing weakness in the packaging market, particularly in North America, but noted growth in EIMEA and Asia-Pacific regions [44][92] Question: Free cash flow outlook for 2026 - The company expects operating cash flow to be slightly muted due to higher working capital associated with the Quantum Leap initiative, with a goal to reduce working capital below 15% in the long term [75] Question: Geographic market demand growth - Management highlighted a bounce back in China as a significant positive, with expectations for continued growth in the automotive and electronics sectors [99]

Financial Data and Key Metrics Changes - Net revenue for Q4 2025 decreased by 3.1% year-on-year, with organic growth down 1.3% and volume down 2.5%, while pricing increased by 1.2% [5][11] - Adjusted EBITDA for Q4 was $170 million, up 15% year-on-year, with an EBITDA margin of 19%, an increase of 290 basis points year-on-year [5][12] - Adjusted earnings per share (EPS) for Q4 was $1.28, up 39% compared to Q4 2024 [12] Business Line Data and Key Metrics Changes - In the HHC segment, organic revenue decreased by 1.8% year-on-year, with EBITDA up almost 30% and EBITDA margin improving by 380 basis points to 17.5% [6] - Engineering adhesives (EA) saw organic revenue growth of 2.2% in Q4, with adjusted EBITDA increasing by 17% year-on-year and EBITDA margin rising by 260 basis points to 23.5% [7][8] - BAS segment experienced a 4.8% decline in organic sales, with EBITDA decreasing by 7% year-on-year [8] Market Data and Key Metrics Changes - Organic revenue in the Americas was flat year-on-year, with growth in EA offset by weaker results in packaging and construction-related markets [9] - EIMEA region saw a 6% decline in organic revenue, driven by lower volume in packaging and construction [9] - Asia-Pacific reported a 3% increase in organic revenue, with significant growth in EA and HHC, particularly in automotive and electronics [9] Company Strategy and Development Direction - The company is focused on transforming into a higher-growth, higher-margin entity, with strategic actions including portfolio repositioning and cost structure improvements through initiatives like Quantum Leap [4][10] - M&A remains a key part of the value creation strategy, with several acquisitions in medical adhesives and fastener coating systems aimed at expanding market presence [17][19] - The company aims to achieve an EBITDA margin greater than 20% and anticipates profit growth despite a challenging economic environment [10][13] Management's Comments on Operating Environment and Future Outlook - The management expects the economic environment in 2026 to remain challenging, with ongoing geopolitical tensions and inflation impacting manufacturing investment [10] - Despite these challenges, the company anticipates another year of profit growth and margin expansion, driven by proactive pricing and cost management strategies [10][13] - The management highlighted the importance of navigating through the current economic landscape with focus and resilience [20] Other Important Information - The company reported a net debt to adjusted EBITDA ratio of 3.1 times, down from 3.3 times in the previous quarter, indicating a plan to reduce leverage [12][13] - The company expects full-year net revenue for 2026 to be flat to up 2%, with organic revenue anticipated to be approximately flat [13][14] Q&A Session Summary Question: Q1 guidance and revenue decline - Management indicated that the primary reason for the expected low single-digit decline in Q1 is the timing of Chinese New Year, which will shift some revenue from Q1 to Q2, impacting revenue by $15-$20 million [25][28] Question: Raw materials and pricing outlook for 2026 - The company expects a carryover benefit of around $25 million from pricing and raw material actions into 2026, with an overall benefit increasing to about $35 million [30][32] Question: BAS segment performance and government shutdown impact - Management clarified that the BAS segment faced tough comparisons from the previous year but noted that the government shutdown did not significantly impact their performance [41][44] Question: Packaging market trends and competitive intensity - The management acknowledged ongoing weakness in the packaging market, particularly in North America, but emphasized their focus on innovation and working with the best customers [44][91] Question: Free cash flow outlook for 2026 - The company guided for cash flow from operations to be between $275 million and $300 million, with working capital expected to remain elevated due to the Quantum Leap initiative [54][74] Question: Geographic market demand growth - Management highlighted a rebound in demand in China, indicating it as a potential area of growth despite overall constraints in larger economies [96][98]

Financial Data and Key Metrics Changes - Net earnings for the first quarter rose to $7.6 million or $0.39 per share, compared to $1.1 million or $0.06 per share in the same period last year [5] - Gross profit improved to $18.1 million from $9.5 million a year ago, with gross margin expanding to 11.3% from 7.3% [8] - SG&A expenses increased to $8.8 million, or 5.5% of net sales, compared to $7.9 million, or 6.1% of net sales, in the prior year [8][9] - Effective tax rate decreased to 21% from 26.1% in the prior year [9] Business Line Data and Key Metrics Changes - First quarter shipments increased by 3.8% year-over-year, reflecting improved demand across commercial and infrastructure markets [5][6] - Average selling prices increased by 18.8% year-over-year due to pricing actions taken to offset higher steel wire rod costs [6] Market Data and Key Metrics Changes - The Architecture Billings Index (ABI) registered 45.3, indicating a contraction in non-residential commercial construction activity for 13 consecutive months [12] - The Dodge Momentum Index rose 7% in December, with a year-over-year increase of 50%, indicating strengthening activity in commercial planning [13] Company Strategy and Development Direction - The company is optimistic about 2026, driven by demand from the Infrastructure Investment and Jobs Act (IIJA) and data center construction [3][16] - The company plans to invest approximately $20 million in capital expenditures to support growth and reduce production costs [24] Management's Comments on Operating Environment and Future Outlook - Management acknowledges uncertainties due to trade policies and economic conditions but remains confident in demand trends and customer conversations [14][16] - The company expects to continue importing raw materials until domestic availability improves, impacting net working capital [22][23] Other Important Information - The company returned $19.4 million to shareholders through a special cash dividend and continued share buybacks [12] - Cash flow from operations used $700,000 in the quarter, compared to providing $19 million last year, primarily due to increased inventories [10] Q&A Session Summary Question: Can you provide more details on commitments related to data center projects? - Management noted that the data center business is new but is seeing repeat opportunities and robust demand [27] Question: How have wire rod constraints affected volumes? - Management explained that inventory growth was due to insufficient domestic wire rod supply, necessitating offshore purchases [29] Question: Are you realizing SG&A leverage from recent acquisitions? - Management confirmed that synergies from acquisitions are being realized, contributing to improved performance [31] Question: What has allowed the company to grow despite industry headwinds? - Management attributed growth to internal factors such as work in the cast-in-place market and acquisitions [38] Question: What is the outlook for the residential market? - Management indicated that any meaningful impact from the residential market is unlikely for 2026 [45] Question: How are labor costs being managed? - Management acknowledged upward pressure on labor costs and inflationary impacts on operations [46]

Bank7 (NasdaqGS:BSVN) Q4 2025 Earnings call January 15, 2026 10:00 AM ET Company ParticipantsWoodrow Lay - Managing DirectorThomas L. Travis - President and CEOJordan Ghent - Research AssociateKelly Harris - CFOJason Estes - EVP and COOConference Call ParticipantsNathan Race - AnalystOperatorWelcome to the Bank7 Corp. Fourth Quarter and Year 2025 Earnings Call. Before we get started, I'd like to highlight the legal information and disclaimer on page 27 of the investor presentation. For those who do not have ...

Bank7 (NasdaqGS:BSVN) Q4 2025 Earnings call January 15, 2026 10:00 AM ET Company ParticipantsWoodrow Lay - Managing DirectorThomas L. Travis - President and CEOJordan Ghent - Research AssociateKelly Harris - CFOJason Estes - EVP and COOConference Call ParticipantsNathan Race - AnalystOperatorWelcome to the Bank7 Corp. Fourth Quarter and Year 2025 Earnings Call. Before we get started, I'd like to highlight the legal information and disclaimer on page 27 of the investor presentation. For those who do not have ...

Financial Data and Key Metrics Changes - The meeting discussed the approval of the Continuance Resolution and Domestication Resolution, which were passed by a majority of not less than two-thirds of the votes cast [19] - The 2026 Incentive Award Plan was also approved by a majority of the votes cast [19] Business Lines Data and Key Metrics Changes - No specific data or metrics related to individual business lines were provided during the meeting Market Data and Key Metrics Changes - No specific market data or metrics were discussed during the meeting Company Strategy and Development Direction - The company is transitioning from Alberta to British Columbia and then domesticate to Nevada, indicating a strategic shift in its operational base [9][12] Management's Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during this meeting Other Important Information - The meeting was conducted virtually, ensuring shareholder rights were protected and allowing participation similar to in-person meetings [3][4] - The voting results will be filed on SEDAR and made available on the company's website [20] Q&A Session Summary - No specific questions were raised during the meeting regarding the motions presented [12][15][18][22]