East West Bancorp (NasdaqGS:EWBC) Q4 2025 Earnings call January 22, 2026 05:00 PM ET Company ParticipantsEbrahim Poonawala - Managing DirectorIrene Oh - Chief Risk OfficerAhmad Hasan - Equity Research AssociateDavid Smith - VP of Banks Equity ResearchChris O'Connell - DirectorDominic Ng - Chairman and CEOAdrienne Atkinson - Director of Investor RelationsChristopher Del Moral-Niles - CFOConference Call ParticipantsCasey Haire - Senior AnalystBernard Von Gizycki - Equity Research AnalystDave Rochester - Manag ...

Intel (NasdaqGS:INTC) Q4 2025 Earnings call January 22, 2026 05:00 PM ET Company ParticipantsJohn Pitzer - SVP of Investor RelationsLip-Bu Tan - CEODavid Zinsner - CFOConference Call ParticipantsVivek Arya - AnalystBen Reitzes - AnalystRoss Seymore - AnalystAaron Rakers - AnalystTim Arcuri - AnalystCJ Muse - AnalystStacy Rasgon - AnalystJoe Moore - AnalystHarlan Sur - AnalystOperatorWelcome to Intel Corp's Fourth Quarter 2025 Earnings Conference Call. At this time, all participants are in listen-only mode. ...

Alcoa (NYSE:AA) Q4 2025 Earnings call January 22, 2026 05:00 PM ET Company ParticipantsWilliam Oplinger - CEOLouis Langlois - SVP of Treasury and Capital MarketsMolly Beerman - EVP and CFOTimna Tanners - Managing OperatorConference Call ParticipantsLachlan Shaw - AnalystBill Peterson - AnalystGlyn Lawcock - AnalystCarlos De Alba - AnalystDaniel Major - AnalystJohn Tumazos - AnalystNick Giles - AnalystLawson Winder - AnalystKatja Jancic - AnalystOperatorGood afternoon, and welcome to the Alcoa Corporation Fo ...

Financial Data and Key Metrics Changes - In Q4 2025, operating pre-provision net revenue increased by 27% from Q3, while operating net income rose by 19% compared to the previous quarter [9] - Full year 2025 results showed a 22% increase in operating pre-provision net revenue and a 31% increase in operating net income compared to 2024 [9] - Earnings per share (EPS) for Q4 was $0.72, with operating EPS at $0.82, reflecting increases of 6% and 15% respectively from the prior year's fourth quarter [9][10] Business Line Data and Key Metrics Changes - New loan origination volume reached $1.4 billion in Q4, up 23% from the year-ago quarter, contributing to a 6% annualized increase in the commercial loan portfolio [19] - Non-interest income for Q4 was $90 million on a GAAP basis, with an operating basis of $88 million, marking a $16 million sequential quarter increase [11] - The commercial loan portfolio growth was offset by declines in transactional loan balances and construction loans [19] Market Data and Key Metrics Changes - Total deposits decreased to $54.2 billion as of December 31, down from $55.8 billion at the end of Q3, primarily due to intentional reductions in brokered and select public deposits [14] - The net interest margin for Q4 was 4.06%, up from 3.84% in Q3 and 3.64% in Q4 2024, driven by improved funding performance [10] Company Strategy and Development Direction - The acquisition of Pacific Premier Bank was highlighted as a strategic move to enhance the company's regional footprint and competitive position, particularly in Southern California [4] - The company plans to continue targeted de novo growth in 2026, funded by resources set aside from previous expense initiatives [5] - The focus remains on profitability over growth for its own sake, with an emphasis on optimizing performance and supporting existing customers [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong credit profile, which remained stable throughout 2025, unaffected by external events impacting peers [7] - The expectation for net interest margin in Q1 2026 is between 3.90% and 3.95%, with a projected increase throughout the year as customer deposit balances rebound [16] - The company anticipates continued strong profitability and return on tangible common equity exceeding 17% as it moves into 2026 [18] Other Important Information - The company achieved $63 million in annualized deal-related cost savings from the acquisition, representing approximately 50% of the targeted $127 million [11] - The common dividend was increased to $0.37 per share from $0.36, and 3.7 million shares were repurchased at an average price of $27.07 [15] Q&A Session Summary Question: Insights on Pac Premier's integration and contributions - Management noted strong enthusiasm from Pac Premier employees and highlighted their ability to grow existing customer relationships and call on larger clients [30][33] Question: Clarification on loan portfolio decline - The decline was attributed to a combination of intentional runoff and elevated payoffs, with expectations of retaining 75% to 80% of transactional relationships [43][46] Question: Future loan sales opportunities - Management indicated that while there may be surgical opportunities for loan sales, significant bulk sales are not expected due to potential capital hits [74] Question: Deposit pricing outlook - The company is actively managing deposit pricing based on market conditions and competitor actions, with a focus on maintaining a competitive edge [75][78] Question: Capital allocation priorities - The company prioritizes capital for core lending, dividends, business investments, and share buybacks, with a programmatic approach to buybacks expected to continue [65][66]

Business First Bancshares (NasdaqGS:BFST) Q4 2025 Earnings call January 22, 2026 05:00 PM ET Company ParticipantsJude Melville - Chairman and CEOGreg Robertson - CFOMatt Sealy - Head of Investor RelationsConference Call ParticipantsChristopher Marinac - AnalystGary Tenner - AnalystMichael Rose - AnalystFeddie Strickland - AnalystOperatorLadies and gentlemen, thank you for standing by. My name is Desiree, and I will be your conference operator today. At this time, I would like to welcome everyone to the Busi ...

Columbia Banking System (NasdaqGS:COLB) Q4 2025 Earnings call January 22, 2026 05:00 PM ET Company ParticipantsChris McGratty - Head of US Bank ResearchJared Shaw - Managing DirectorJon Arfstrom - Managing Director and Associate Director of US ResearchTory Nixon - Co-PresidentClint Stein - Chair, CEO, and PresidentJanet Lee - Director of US Mid-Cap Banks Equity ResearchIvan Seda - EVP and CFOJacque Bohlen - Director of Investor RelationsDavid Feaster - Managing Director of BankingChris Merrywell - Co-Presid ...

Intel (NasdaqGS:INTC) Q4 2025 Earnings call January 22, 2026 05:00 PM ET Company ParticipantsJohn Pitzer - SVP of Investor RelationsLip-Bu Tan - CEODavid Zinsner - CFOConference Call ParticipantsVivek Arya - AnalystBen Reitzes - AnalystRoss Seymore - AnalystAaron Rakers - AnalystTim Arcuri - AnalystCJ Muse - AnalystStacy Rasgon - AnalystJoe Moore - AnalystHarlan Sur - AnalystOperatorWelcome to Intel Corporation's Fourth Quarter 2025 earnings conference call. At this time, all participants are in listen-only ...

Financial Data and Key Metrics Changes - In 2025, East West Bancorp achieved record levels in multiple categories including revenue, net interest income, fees, non-interest income, earnings per share, loans, and deposits, with a 6% year-over-year growth in both deposits and loans [4][5] - The tangible book value per share grew by 17%, and the return on tangible common equity was also 17% [5] - A quarterly dividend increase of 33% was announced, raising it to $0.80 per share [5][14] Business Line Data and Key Metrics Changes - The end-of-period loans grew by 6%, driven by growth in commercial and industrial (C&I) and residential mortgage lending [4][6] - Fee income increased by 12% in 2025, achieving record levels across various fee-based businesses [10][11] - The efficiency ratio for the fourth quarter was reported at 34.5%, with total operating non-interest expenses growing by 7.5% [11][12] Market Data and Key Metrics Changes - The bank's core deposit growth was prioritized, with a 1% improvement in demand deposit accounts (DDA) to 25% of total deposits [6] - The net interest income for the fourth quarter was $658 million, benefiting from balance sheet growth and favorable deposit mix shifts [9] - The bank expects total loan growth in 2026 to be in the range of 5%-7%, driven by continued strength in C&I and residential mortgage production [16] Company Strategy and Development Direction - The company remains committed to disciplined capital management and aims to deliver top-tier returns through prudent growth and robust risk management [5][14] - Investments in technology and hiring are expected to drive future growth, with a focus on wealth management and commercial banking [24][58] - The bank is exploring inorganic growth opportunities to bolster fee income, while maintaining a strong capital position [51][53] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the economic outlook for 2026, anticipating stronger loan growth compared to 2025 [20][21] - The bank is focused on maintaining high performance relative to peers, regardless of economic conditions [21] - Credit quality remains strong, with low levels of net charge-offs projected for 2026 [13][17] Other Important Information - The allowance for credit losses was increased from $791 million to $810 million, maintaining a ratio of 1.42% [14] - The bank's Common Equity Tier 1 capital ratio stands at 15.1%, well above regulatory requirements [14] Q&A Session Summary Question: Loan growth expectations for 2026 - Management acknowledged strong loan growth in Q4 but emphasized caution in projections due to seasonal patterns and economic uncertainties [19][20] Question: Expense growth areas - The bank is focusing on technology investments, hiring for wealth management, commercial banking, and risk management as key areas driving expense growth [24] Question: Fee income growth trends - Management aspires to continue double-digit growth in fee income, supported by investments in various business segments [26][27] Question: Commercial real estate (CRE) growth opportunities - There is an expectation for increased activity in CRE lending, but the bank will remain selective in partnerships [30][31] Question: Capital management and buyback strategy - The bank will continue to manage buybacks opportunistically, focusing on creating shareholder value without urgency [73] Question: Credit charge-off guidance for 2026 - The increase in charge-off guidance reflects potential individual credit migrations, despite overall strong credit quality [36][37] Question: Net interest margin outlook - The bank expects to offset declining rates with balance sheet growth, maintaining a focus on dollar net interest income [40][41] Question: Deposit costs and beta trends - Management is confident in maintaining a deposit beta exceeding 0.5, with a current beta of 0.6 [34][35]

Financial Data and Key Metrics Changes - Revenue increased 15% sequentially to $3.4 billion, with the alumina segment's third-party revenue up 3% and the aluminum segment's third-party revenue up 21% [8] - Fourth quarter net income attributable to Alcoa was $226 million, slightly down from $232 million in the prior quarter, with earnings per share at $0.85 [8] - Adjusted EBITDA was $546 million, with a sequential increase of $276 million primarily due to higher metal prices [10] Business Line Data and Key Metrics Changes - In the alumina segment, adjusted EBITDA decreased by $36 million due to lower alumina prices, despite higher shipping volumes [10] - The aluminum segment's adjusted EBITDA increased by $213 million, driven by higher metal prices and lower alumina costs [10] Market Data and Key Metrics Changes - LME aluminum prices increased 8% sequentially in the fourth quarter, reaching $3,200 per metric ton, supported by strong demand and constrained supply [22] - FOB Western Australia alumina prices remained stable but were slightly lower than the third quarter average, continuing to pressure higher-cost refineries [19] Company Strategy and Development Direction - The company is focused on safety, stability, and operational excellence while advancing strategic initiatives to create value in 2026 [28] - Alcoa is negotiating to monetize remediation sites in the U.S. and expects to reach agreements in the first half of 2026 [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 2026 production targets, citing strong operational performance and ongoing restarts of smelters [29] - The company anticipates challenges in the alumina segment due to pricing pressures but maintains a low-cost position on the cost curve [32] Other Important Information - The company ended the year with a strong cash balance of $1.6 billion and free cash flow of $594 million for the year [12] - Capital expenditures for 2026 are estimated at $750 million, with a focus on sustaining capital and potential growth opportunities [16] Q&A Session Summary Question: Confidence in 2026 production targets - Management believes the 2026 guidance is attainable based on the progress of smelter restarts and strong production in 2025 [29] Question: Domestic supply of alumina and gallium project updates - Alcoa is open to considering U.S.-based alumina supply to reduce transportation costs and is making progress on the gallium project in Western Australia [30][31] Question: Plans to enhance alumina segment profitability - Management is focused on cost reduction and productivity improvements while maintaining plant viability [32] Question: Update on idle sites and monetization - Negotiations for monetizing idle sites are ongoing, with a focus on maximizing value through complex arrangements rather than simple land sales [34] Question: Current status of Alumar Smelter - Alumar Smelter faced power interruptions but is expected to maintain similar production levels in the first quarter [36] Question: Impact of San Ciprián restart on EBITDA - The EBITDA impact from the San Ciprián restart is included in the $70 million guidance down, with $20 million specifically related to San Ciprián [50] Question: Western Australia mine approvals timeline - The company anticipates receiving recommendations from the EPA by the end of the first half of 2026, with ministerial approvals expected by year-end [51]

Summary of Clorox Company Conference Call on Acquisition of Gojo Industries Company and Industry - **Company**: The Clorox Company (NYSE: CLX) - **Acquisition Target**: Gojo Industries, maker of the Purell brand - **Industry**: Health and hygiene products, specifically hand sanitizers and cleaning solutions Core Points and Arguments 1. **Acquisition Announcement**: Clorox announced a definitive agreement to acquire Gojo Industries for approximately $2.25 billion, netting a purchase price of $1.92 billion after anticipated tax benefits of $330 million [12][11][2] 2. **Strategic Fit**: The acquisition aligns with Clorox's Ignite strategy, enhancing its position in the health and hygiene sector, which is its largest and fastest-growing segment [3][4] 3. **Market Leadership**: Gojo's Purell brand is a leader in skin hygiene, generating nearly $800 million in annual sales with a three-year CAGR of 5%, primarily through B2B channels [5][4] 4. **Consumer Trends**: The acquisition capitalizes on megatrends in health and wellness, personalization, convenience, and sustainability, which are expected to drive long-term growth [4][3] 5. **Growth Opportunities**: Clorox aims to accelerate Purell's growth in both B2B and retail markets, leveraging its brand-building capabilities and distribution networks [8][9] 6. **B2B and Retail Synergies**: Approximately 80% of Purell's sales are in B2B, while Clorox's sales are primarily in retail. This complementary positioning offers significant cross-selling opportunities [8][9] 7. **Cultural Fit**: Both companies share a purpose-driven mindset and commitment to innovation, which is expected to facilitate a smooth integration process [10][11] Financial Highlights 1. **Valuation Metrics**: The acquisition represents an adjusted EBITDA multiple of 11.9 times net of anticipated tax benefits and 9.1 times on a synergized basis [12][14] 2. **Debt Financing**: The deal will be primarily funded through debt, raising Clorox's net debt leverage to approximately 3.6 times at closing, with a target to reduce it to 2.5 times by the end of calendar year 2027 [12][14] 3. **Cost Synergies**: Clorox expects to achieve at least $50 million in run-rate cost synergies through combined scale and efficiencies [13][14] 4. **Earnings Impact**: The transaction is expected to be adjusted EPS neutral in the first year, with accretion anticipated in the second year [14][11] Additional Important Insights 1. **Market Penetration**: Despite being a leading brand, Purell has only a 14% household penetration, indicating substantial growth potential in the retail market [9][18] 2. **Innovation and Distribution**: Gojo's strong innovation capabilities and existing B2B relationships are expected to enhance Clorox's offerings and market reach [7][8] 3. **International Opportunities**: Both companies have limited international exposure, but there are plans to explore growth opportunities in international markets [88][89] 4. **Integration Preparedness**: Clorox has a disciplined integration plan in place, with a focus on maintaining service levels and relationships during the transition [10][69] This summary encapsulates the key points discussed during the conference call regarding Clorox's acquisition of Gojo Industries, highlighting the strategic rationale, financial implications, and growth opportunities associated with the deal.