Financial Data and Key Metrics Changes - The company reported net income of $7.6 million, or $0.25 per diluted share, compared to a loss of $67.5 million, or $2.22 per share, in the previous quarter [6] - Non-performing loans decreased to $106.8 million, down $12 million from the prior quarter, representing 1.47% of total loans [7] - Total non-performing assets declined by $24 million to $108.9 million, representing 1.04% of total assets, down from 1.23% in the prior quarter [7] - The allowance for credit losses ended the quarter at $159.6 million, or 2.19% of total loans [8] - Tangible common equity to tangible assets is 10.87%, with a Tier 1 leverage ratio of 10.17% and CET1 at 13.83% [10] Business Line Data and Key Metrics Changes - Net interest income grew by $144,000 to $68.3 million, with a net interest margin (NIM) decline of five basis points to 2.38% [9] - Non-interest income increased to $12.2 million compared to $2.5 million in the previous quarter, primarily due to non-reoccurring losses and gains from SBIC investments [10] - Non-interest expense rose by $17.9 million to $59.8 million, driven by costs associated with the disposition of held-for-sale loans and valuation adjustments [10] Market Data and Key Metrics Changes - The company experienced a reduction in brokered deposits by $602 million while increasing core deposits by $692 million during 2025 [11] - The concentration ratio for commercial real estate (CRE) loans to total risk-based capital and reserves declined to 322% [9] - The acquisition, development, and construction (ADC) concentration ratio decreased to 88% as of year-end [9] Company Strategy and Development Direction - The company is transitioning from remediation to execution, focusing on consistent performance and reducing risk concentration [4] - The strategic plan includes improving asset quality and enhancing the balance sheet to support sustainable earnings [4][14] - The company aims to expand pre-provision net revenue in 2026, despite a smaller average balance sheet, prioritizing shareholder returns and profitability [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's direction, highlighting improved asset quality and a stronger foundation [14] - The expectation is for average deposits, loans, and earning assets to decline year-over-year due to deliberate balance sheet repositioning [11] - Management anticipates a meaningful expansion in net interest margin, forecasting NIM to range between 2.6% and 2.8% for the year [12] Other Important Information - The company has $4.7 billion in available liquidity, maintaining two-times coverage of uninsured deposits [11] - The company is actively reducing brokered deposits and expects to continue this trend into 2026 [11] Q&A Session Summary Question: Can you provide more details on the asset dispositions and the expected timing? - The company has $90.7 million of loans held for sale, with two-thirds scheduled for resolution in the first quarter, though it may extend into the second quarter [19] Question: What is the outlook for further moves into held-for-sale loans? - There may be situations where selling loans is the best strategy, but the pace will not match that of 2025 [20] Question: What trends are being observed in the multifamily sector? - There is stabilization and improvement in multifamily loans, with strong valuations compared to the office market [22] Question: How does the company view the provisioning for loan losses moving forward? - The company expects provision expenses to be higher than in 2024 but not at the levels seen in 2025, with a focus on the criticized classified portfolio [36] Question: What is the current status of brokered deposits and cash levels? - The company holds $1.56 billion in brokered deposits, with plans to reduce this significantly throughout 2026 [56]

Financial Data and Key Metrics Changes - The company ended 2025 with $6.4 billion in assets, up from $5.3 billion at the beginning of the year, marking nearly 50% growth [4] - Net income for the quarter was reported at $22.1 million or $115 per diluted share, with adjusted earnings of $23.3 million or $121 per diluted share, compared to $22.4 million or $117 per diluted share in the previous quarter [7] - Net interest income for the quarter was $63.5 million, an increase of $1 million from the last quarter, with a margin of 4.47%, up two basis points from 4.45% [7][8] Business Line Data and Key Metrics Changes - Non-interest income for the quarter was $9.5 million, up $400,000 from the previous quarter [7] - Non-interest expenses for the quarter were $46.6 million, with adjusted non-interest expenses at $44.1 million, an increase of 2.7% from the previous quarter [8] - Loan production in the quarter was $220 million, up $100 million compared to the same period last year, although it was down late in the quarter [18] Market Data and Key Metrics Changes - Total deposits increased by approximately $43.5 million during the quarter, with core deposit expansion of $123.5 million, offset by a decline in brokered deposits of $80 million [19] - Non-interest bearing accounts closed the quarter at 22.4% of total deposits [19] - The company anticipates loans as a percentage of average earning assets to be approximately 80% in Q1 2026 [14] Company Strategy and Development Direction - The company aims to earn more than $5 per share in 2026, focusing on creating opportunities for growth and rolling out new products [4][5] - The merger with Frontier is expected to add non-interest expenses of $23 million-$24 million and non-interest income of $2 million-$3 million [15] - The company is strategically focused on using technology to improve service and efficiency, with a strong emphasis on data utilization [5] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the credit environment and outlook for 2026, noting stable credit quality trends across the portfolio [11][12] - The company is well-positioned to grow throughout its markets, with expectations for realized growth in the balance sheet and non-interest revenue lines [20] - Management highlighted the importance of maintaining pricing discipline in a competitive environment, opting not to lower rates excessively [25][27] Other Important Information - The company repurchased 172,338 shares at a weighted average cost of $41.69 during the quarter, with 872,662 shares remaining under the repurchase authorization [9] - The total capital ratio closed the quarter at 16.3%, with a common equity tier 1 (CET1) ratio of 13.1% [10] Q&A Session Summary Question: Does the margin guide include expected accretion from Frontier? - Yes, the margin guide does include the expected accretion from Frontier [24][25] Question: Are there any changes in competition regarding pricing or underwriting standards? - The company is seeing some pressure on pricing but has decided to maintain higher pricing standards [25][26] Question: What types of loans are available for pullback from Frontier? - The loans are a combination of various types, estimated at around $50 million [29][30] Question: What is the outlook for cost savings from the Frontier merger? - The company maintains a target of around 23% in cost savings, with potential for improvement as integration progresses [31][32] Question: What is the company's approach to capital management post-merger? - The company is open to both buybacks and M&A opportunities, depending on market conditions and capital needs [34][35] Question: How is deposit generation performing in new markets? - Deposit account gathering is positive, with the company focusing on disciplined pricing strategies [44][46] Question: Which markets are expected to outperform in loan growth? - Missouri and Oklahoma are highlighted as strong markets for potential growth [48][49]

Huntington Bancshares (NasdaqGS:HBAN) Q4 2025 Earnings call January 22, 2026 09:00 AM ET Company ParticipantsStephen Steinour - Chairman, President and CEOEric Wasserstrom - Head of Investor RelationsBrant Standridge - President of Consumer and Regional BankingZachary Wasserman - CFOConference Call ParticipantsChristopher McGratty - AnalystBrian Foran - AnalystMatthew O'Connor - AnalystDerek Gonda - AnalystJon Armstrong - AnalystManan Gosalia - AnalystKen Usdin - AnalystEbrahim Poonawala - AnalystOperatorGr ...

FB Financial (NYSE:FBK) Q4 2025 Earnings call January 22, 2026 09:00 AM ET Company ParticipantsWill Jones - Associate VP of Equity ResearchMichael Mettee - COO and CFOChris Holmes - CEOAnya Pelshaw - Equity Research AssociateMike Orcutt - Head of Investor RelationsConference Call ParticipantsNone - AnalystRussell Gunther - Managing Director and Equity Research AnalystOperatorGood morning, everyone, and welcome to the FB Financial Fourth Quarter 2025 earnings call. Please note today's event is being recorded ...

Northern Trust (NasdaqGS:NTRS) Q4 2025 Earnings call January 22, 2026 09:00 AM ET Company ParticipantsEbrahim Poonawala - Managing DirectorMichael O'Grady - Chairman and CEOGlenn Schorr - Senior Managing DirectorGerard Cassidy - Managing DirectorSteven Chubak - Managing DirectorDavid Smith - VP and Banks Equity ResearchDavid Fox - CFOBetsy Graseck - Global Head of Banks and Diversified Finance ResearchJennifer Childe - Director of Investor RelationsConference Call ParticipantsNone - AnalystMike Mayo - Resea ...

Atlantic Union Bankshares (NYSE:AUB) Q4 2025 Earnings call January 22, 2026 09:00 AM ET Company ParticipantsDavid Ring - Wholesale Banking ExecutiveBill Cimino - SVP of Investor RelationsShawn O'Brien - Senior Executive Vice President of Consumer Banking Group ExecutiveSteve Moss - Managing Director of Equity ResearchRob Gorman - CFOHannah Wynn - Equity Research AssociateJohn Asbury - CEOConference Call ParticipantsStephen Scouten - Managing Director and Senior Research AnalystJanet Lee - Director and U.S. ...

Financial Data and Key Metrics Changes - TrustCo Bank reported a net income of $15.6 million for Q4 2025, representing a 38% increase compared to Q4 2024, with a return on average assets of 0.97% and average equity of 8.99% [5][7] - The consolidated equity to assets ratio was 10.66% for Q4 2025, down from 10.84% in Q4 2024 [7] - Book value per share increased by 7.1% to $38.08 from $35.56 a year earlier [8] Business Line Data and Key Metrics Changes - Average loans grew by 2.5%, or $126.8 million, reaching an all-time high of $5.2 billion [9] - Home equity lines of credit increased by $54.1 million, or 13.5%, while residential real estate portfolio grew by $50.6 million, or 1.2% [9][10] - Average commercial loans increased by $24.5 million, or 8.6%, while installment loans decreased by $2.4 million, or 17.3% [10] Market Data and Key Metrics Changes - Total deposits reached $5.6 billion, up $166 million compared to the prior year quarter, indicating strong customer confidence [10] - The bank's net interest income was $43.7 million for Q4 2025, an increase of 12.4% compared to the prior year quarter [11] - The net interest margin improved to 2.82%, up 22 basis points from the prior year quarter [11] Company Strategy and Development Direction - The company emphasized building solid customer relationships and maintaining low cost of funds, which contributed to margin expansion [4] - TrustCo Bank is committed to returning value to shareholders through a disciplined share repurchase program, having repurchased 533,000 shares in Q4 2025 [8] - The bank's strategy includes a focus on relationship banking and competitive product offerings to support ongoing loan growth [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the bank's long-term strength and ability to manage credit risk effectively despite a modest increase in non-performing loans [9][18] - The bank remains well-positioned to deliver strong net interest income performance even with potential Federal Reserve rate changes [11] - Management is actively seeking new branch locations, particularly in Pasco County, Florida, to capture mortgage business as market dynamics shift [33] Other Important Information - Non-performing loans increased to $20.7 million, with a ratio of 0.39% of total loans, up from 0.37% a year ago [9][18] - Total non-interest expense for Q4 2025 was $26.5 million, down $1.5 million from the prior year quarter [12] Q&A Session Summary Question: Inquiry about asset quality and increase in New York commercial NPLs - Management indicated the increase was due to two relationships involving multi-family properties in Schenectady and Albany [23][24] Question: Clarification on collateral and guarantees for NPLs - Management confirmed that all loans in the portfolio are guaranteed, ensuring good collateral [25] Question: Inquiry about the increase in other expenses - Management explained that year-end expenses included funding for the TrustCo Foundation and other larger expenses [28] Question: Guidance for 2026 expenses - Management provided a range of expected recurring non-interest expenses for 2026, indicating no significant drivers for the increase [29][30] Question: Outlook on branch growth or declines - Management is actively looking for new locations in Pasco County, emphasizing the importance of entering at the right price [33]

Financial Data and Key Metrics Changes - Atlantic Union Bankshares reported a net income of $109 million for Q4 2025, with earnings per common share at $0.77, and for the full year, net income was $261.8 million, with earnings per common share at $2.03 [14][15] - Adjusted operating earnings for Q4 were $138.4 million, or $0.97 per common share, resulting in an adjusted operating return on tangible common equity of 22.1% and an adjusted operating efficiency ratio of 47.8% [15][16] - The total allowance for credit losses was $321.3 million, a slight increase from the previous quarter, with a net charge-off ratio of one basis point for Q4 [16][17] Business Line Data and Key Metrics Changes - Quarterly loan growth was approximately 6.3% annualized, ending the year at $27.8 billion, with expectations for 2026 loan balances to range between $29 and $30 billion [6][24] - Fee income increased, driven by loan-related interest rate swap fees and fiduciary and asset management fees, with 27% of interest rate swap income coming from former Sandy Spring customers [9][21] - Non-interest income for Q4 was $57 million, an increase from the prior quarter, primarily due to higher loan-related interest rate swap fees [21] Market Data and Key Metrics Changes - Virginia's unemployment rate remained stable at 3.5%, while Maryland's increased to 4.2% and North Carolina's rose to 3.8%, all below the national average [10][11] - The company expects manageable unemployment levels in its markets, consistent with Moody's forecasts [11] Company Strategy and Development Direction - The company aims to leverage the strategic advantages gained from the Sandy Spring acquisition to drive sustainable growth and long-term value creation [6][12] - Focus will shift to demonstrating the franchise's earnings power and capital generation ability, with no additional acquisitions planned in the near term [12][13] - The company is committed to expanding its presence in North Carolina and enhancing its specialty banking services [12][73] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving strategic goals associated with the Sandy Spring acquisition, anticipating a decline in merger-related expenses in Q1 2026 [4][5] - The company remains optimistic about loan growth despite economic uncertainties, with a strong pipeline and growing client confidence [7][52] - Management highlighted the importance of maintaining a disciplined approach to cost management and capital allocation [12][104] Other Important Information - The company paid a common stock dividend of $0.37 per share, an increase of 8.8% from the previous quarter [25] - Tangible book value per common share increased approximately 4% to $19.69 in Q4 [25] Q&A Session Summary Question: Clarification on 2026 guidance and net interest income range - Management indicated that achieving the higher end of the net interest income guidance depends on elevated accretion income and continued reduction in deposit costs [36][41] Question: Loan pipeline increase and near-term loan growth - Management confirmed a modest increase in the loan pipeline, with positive feedback from market leaders indicating strong near-term growth potential [50][52] Question: Deposit growth outlook for next year - Management guided for about 3%-4% deposit growth in 2026, supported by treasury management opportunities [86] Question: Cost savings from the Sandy Spring deal - Management noted that most cost savings are reflected in current numbers, with some residual benefits expected in Q1 [92][93] Question: Non-credit-related customer losses - Management clarified that elevated non-credit-related losses were primarily due to episodic fraud incidents [110]

FB Financial (NYSE:FBK) Q4 2025 Earnings call January 22, 2026 09:00 AM ET Company ParticipantsWill Jones - Associate VP of Equity ResearchMichael Mettee - COO and CFOChris Holmes - CEOAnya Pelshaw - Equity Research AssociateMike Orcutt - Head of Investor RelationsConference Call ParticipantsNone - AnalystRussell Gunther - Managing Director and Equity Research AnalystOperatorGood morning, everyone, and welcome to the FB Financial Fourth Quarter 2025 earnings call. Please note today's event is being recorded ...

Texas Capital Bancshares (NasdaqGS:TCBI) Q4 2025 Earnings call January 22, 2026 09:00 AM ET Company ParticipantsWoody Lay - VPMichael Rose - Managing Director of Equity ResearchJocelyn Kukulka - Head of Investor RelationsRob Holmes - Chairman, President, and CEOJanet Lee - Director of U.S. Mid-Cap Banks Equity ResearchAnthony Elian - Equity Research BanksMatt Scurlock - CFOJackson Singleton - Equity Research AssociateJon Arfstrom - Managing Director and Associate Director of US ResearcConference Call Partic ...