Financial Data and Key Metrics Changes - Independent Bank Corporation reported fourth quarter 2025 net income of $18.6 million or $0.89 per diluted share, compared to $18.5 million or $0.87 per diluted share in the prior year period [3] - For the year ended December 31, 2025, net income was $68.5 million or $3.27 per diluted share, up from $66.8 million or $3.16 per diluted share in 2024 [3] - Net interest income increased by $1 million or 2.2% over the third quarter of 2025, with a net interest margin of 3.62%, up eight basis points from the previous quarter [4] - The return on average assets and return on average equity were 1.35% and 14.75% respectively [4] Business Line Data and Key Metrics Changes - Total loans grew by $78 million or 7.4% annualized in the fourth quarter, with a total loan portfolio increase of $237 million or 5.9% for the year [9] - The commercial loan portfolio saw significant growth of $276 million or 14.2%, with quarterly growth of $88 million or 16% annualized [9] - The residential mortgage portfolio grew by $7.2 million, while the installment loan portfolio decreased by $17 million for the quarter [9] Market Data and Key Metrics Changes - Deposits totaled $4.8 billion at December 31, 2025, an increase of $107.6 million from December 31, 2024, primarily due to growth in savings and interest-bearing checking accounts [6] - The deposit base composition was 47% retail, 37% commercial, and 16% municipal, with all three portfolios showing year-over-year growth [7] - The total cost of funds decreased by 15 basis points to 1.67% [7] Company Strategy and Development Direction - The company aims to continue investing in its team and technology while striving to be Michigan's most people-focused bank [23] - A robust commercial loan pipeline and strategic initiatives to attract talented bankers are key components of the company's growth strategy [6] - The company anticipates loan growth in the mid-single-digit range for 2026, with a focus on commercial loans while expecting mortgage loans to remain flat and installment loans to decline [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to manage through various economic environments and deliver consistent results for shareholders [23] - The outlook for 2026 includes expectations for net interest income growth of 7%-8% and net interest margin expansion of 5-7 basis points in the first quarter [20] - Management noted that credit quality metrics remain positive, with non-performing loans at 54 basis points of total loans, slightly up from the previous quarter [11] Other Important Information - The company repurchased 407,113 shares of common stock for an aggregate purchase price of $12.4 million in 2025 [13] - A tax credit transfer agreement executed during the fourth quarter is expected to reduce tax obligations and enhance earnings per share [19] Q&A Session Summary Question: Market outlook in Michigan and banker additions for 2026 - Management expects to add a net of four to five bankers in 2026, with opportunities arising in Southeast Michigan due to M&A dislocation [27] Question: Loan growth outlook and factors affecting it - The company anticipates mid-single-digit loan growth due to strong commercial growth but lower levels in mortgage and consumer loans [30] Question: Margin guidance and drivers for optimism - Management forecasts margin expansion of five to seven basis points in Q1, with three to five basis points in subsequent quarters, driven by rate cuts and repricing of below-market assets [36] Question: Capital management and M&A landscape - The company is excited about its capital position, allowing flexibility for share repurchases and potential M&A opportunities, though M&A is not a requirement for continued success [39][41] Question: Charge-off expectations - Management expects charge-offs to remain low, similar to recent history, with a provision for credit losses of 20-25 basis points of average portfolio loans [53]

NovaGold Resources (NYSEAM:NG) Q4 2025 Earnings call January 22, 2026 11:00 AM ET Company ParticipantsPeter Adamek - CFO and VPGregory Lang - President and CEOSoundarya Iyer - Senior Equity Research AssociateMélanie Hennessey - VP of Corporate CommunicationsThomas Kaplan - ChairmanRaj Ray - Managing Director of Metals and Mining ResearchOperatorThank you for standing by. This is the conference operator. Welcome to NovaGold's 2025 Year-End Reports conference call and webcast. As a reminder, all participants ...

Banner (NasdaqGS:BANR) Q4 2025 Earnings call January 22, 2026 11:00 AM ET Company ParticipantsJill Rice - Chief Credit OfficerRich Arnold - Head of Investor RelationsMark Grescovich - President and CEOKelly Motta - Equity Research AssociateRob Butterfield - Chief Financial OfficerConference Call ParticipantsLiam Cahill - AnalystJeff Rulis - Managing Director and Senior Research AnalystMatthew Clark - Managing Director and Senior Research AnalystAndrew Terrell - Managing Director and Senior Research AnalystO ...

Third Coast Bancshares (NasdaqGS:TCBX) Q4 2025 Earnings call January 22, 2026 11:00 AM ET Company ParticipantsWoody Lay - Managing Director - Equity ResearchBart Caraway - Founder, Chairman, President, and CEONatalie Hairston - Head of Investor RelationsAudrey Spaulding - Chief Credit OfficerJohn McWhorter - CFOMichael Rose - Managing Director - Equity ResearchDave Storms - Director of Equity ResearchConference Call ParticipantsBernard Von Gizycki - Equity Research AnalystMatt Olney - Equity Research Analys ...

Intuit (NasdaqGS:INTU) FY 2026 Annual General Meeting January 22, 2026 11:00 AM ET Company ParticipantsSandeep Aujla - CFOStefan Padfield - Executive DirectorJeff Cogler - Director of Investor RelationsSasan Goodarzi - CEO and PresidentKerry McLean - General Counsel and Corporate SecretaryOperatorGood morning. My name is Jenny, and I will be your meeting operator for today. At this time, I would like to turn the call over to Kerry McLean, Intuit's General Counsel and Corporate Secretary.Kerry McLeanHello, a ...

NovaGold Resources (NYSEAM:NG) Q4 2025 Earnings call January 22, 2026 11:00 AM ET Company ParticipantsPeter Adamek - CFO and VPGregory Lang - President and CEOSoundarya Iyer - Senior Equity Research AssociateMélanie Hennessey - VP of Corporate CommunicationsThomas Kaplan - ChairmanRaj Ray - Managing Director of Metals and Mining ResearchOperatorThank you for standing by. This is the conference operator. Welcome to NOVAGOLD's 2025 Year-End Reports conference call and webcast. As a reminder, all participants ...

LSI Industries (NasdaqGS:LYTS) Q2 2026 Earnings call January 22, 2026 11:00 AM ET Company ParticipantsJim Galeese - CFOJim Clark - President and CEOConference Call ParticipantsSameer Joshi - AnalystGeorge Gianarikas - AnalystAlex Riegel - AnalystAaron Spychala - AnalystChristopher Glynn - AnalystOperatorGreetings and welcome to the LSI Industries Fiscal 2026 Second Quarter Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal ...

RLI (NYSE:RLI) Q4 2025 Earnings call January 22, 2026 11:00 AM ET Company ParticipantsAaron Diefenthaler - CFOJen Klobnak - COOMitch Rubin - Equity Research AssociateJamie Inglis - Managing Director and PartnerMeyer Shields - Managing DirectorCraig Kliethermes - President and CEOAndrew Andersen - Equity Research Senior VPConference Call ParticipantsMark Hughes - AnalystChristian Getzoff - Senior Equity AnalystMichael Phillips - Managing Director and Senior AnalystsOperatorGood morning, and welcome to the RL ...

LSI Industries (NasdaqGS:LYTS) Q2 2026 Earnings call January 22, 2026 11:00 AM ET Company ParticipantsJim Galeese - CFOJim Clark - President and CEOConference Call ParticipantsSameer Joshi - AnalystGeorge Gianarikas - AnalystAlex Rygiel - AnalystAaron Spychala - AnalystChristopher Glynn - AnalystOperatorGreetings and welcome to the LSI Industries Fiscal 2026 Second Quarter Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal ...

Tsakos Energy Navigation (NYSE:TEN) 2026 Conference Summary Company Overview - Tsakos Energy Navigation (TEN) is recognized as the longest-running publicly traded tanker company on the New York Stock Exchange, established in 1993 [2][3] - The company has been awarded "Energy Transporter of the Year" by TIME Magazine for three consecutive years, highlighting its strong environmental record [1][2] Industry Context - The shipping and tanker market has faced numerous crises over the years, including the COVID-19 pandemic and geopolitical tensions such as the war in Ukraine, which have significantly impacted energy transportation routes [4][5] - The current tanker market is characterized by a lack of overbuilding, with approximately 30% of the tonnage in gray or black zones, creating opportunities for reputable companies like TEN [5][6] Fleet and Operations - TEN has strategically reinvested in its fleet, selling 17 older vessels and acquiring 33 modern ships, effectively doubling its fleet size and tripling its deadweight capacity while reducing the average age of its fleet to 0.6 years [6][7] - The company has secured significant contracts, including a major deal for deep-sea oil excavation with Transpetrol and Petrobras, positioning it as one of the largest DP2 shuttle tanker owners [6][7] Financial Performance - TEN has maintained a debt level under 50%, with a focus on healthy cash reserves to support growth and dividend payments [7][19] - The company has consistently paid dividends since its inception, with a recent announcement of a $1 dividend for 2025, reflecting its commitment to shareholder returns [8][20] Market Outlook - The oil demand is projected to exceed 103 million barrels per day, with expectations for further increases in 2025 and 2026, despite geopolitical uncertainties [20][21] - The current fleet is limited, with only about 14% of the fleet in the order book, indicating potential for high asset prices and rates in the coming years [21][22] - The company anticipates a favorable market environment for at least the next two to three years, driven by scrapping of older vessels and insufficient new builds to meet rising demand [23][24] Strategic Insights - TEN employs a diversified fleet strategy, balancing fixed time charters, profit-sharing arrangements, and spot market exposure to mitigate risks associated with market volatility [12][15] - The company is cautious about over-leveraging and maintains a conservative approach to financing, ensuring it can capitalize on growth opportunities without compromising financial stability [16][17][47] Conclusion - TEN is well-positioned to navigate the complexities of the shipping industry, leveraging its modern fleet, strong client relationships with major oil companies, and a disciplined financial strategy to capitalize on emerging opportunities in the energy transport sector [12][19][49]