Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Central Pacific Financial Corp Fourth Quarter 2025 Earnings Call - Margin Expansion and Capital Returns Amid Cautious Loan Growth
Central Pacific closed 2025 with improved profitability, modest margin expansion, and a clear tilt toward capital returns. Q4 net income was $22.9 million, $0.85 per share, driving full-year adjusted ...
- Q4 net income was $22.9 million, or $0.85 diluted EPS; full-year 2025 net income was $77.5 million, $2.86 per diluted share.
- Adjusted non-GAAP 2025 net income, excluding prior quarter one-time items, was $78.6 million, a 24% increase versus 2024 non-GAAP results of $63.4 million.
- Net interest income rose 1.3% sequentially to $62.1 million in Q4, with net interest margin expanding 7 basis points to 3.56%.
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Prosperity Bancshares Q4 2025 Earnings Call - Stellar Deal Lifts Margins, Scale and Houston Footprint
Prosperity reported a solid Q4 and full-year finish, driven by a widening net interest margin and heavy M&A activity that reshapes its Texas footprint. Net income for 2025 rose to $543 million, EPS cl...
- Earnings and margin: Full-year 2025 net income rose to $543 million, up 13.2% year over year; diluted EPS was $5.72, a 13.3% increase versus 2024.
- Quarterly results: Q4 2025 net income was $139.9 million, up 7.6% from Q4 2024; annualized ROA for the quarter was 1.49%, ROTCE 13.61%.
- NIM expansion: Tax-equivalent net interest margin widened to 3.30% in Q4 2025, up 25 basis points year over year and 6 basis points sequentially.
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Provident Financial Holdings Q2 FY2026 Earnings Call - Originations Rise; Prepayments Offset Growth, NIM Poised to Benefit from Cheaper Funding
Provident reported a quarter of active origination but a familiar frustration, payoffs outpacing new loans. Originations jumped to $42.1 million, but $46.7 million of principal payoffs left loans held...
- Loan originations were $42.1 million in the quarter, a 42% increase versus the prior sequential quarter.
- Loan principal payments and payoffs totaled $46.7 million, up 35% from the prior quarter, which more than offset origination growth.
- Loans held for investment declined by approximately $4.1 million for the quarter, driven by decreases in multifamily, commercial business, and CRE loans, partly offset by increases in single-family and construction loans.
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MSCI Q4 2025 Earnings Call - AI and Index/ABF Momentum Is Driving Run Rate Acceleration
MSCI closed 2025 with clear momentum: double-digit organic growth across revenue, EBITDA and EPS, a jump in ETF flows, and accelerating adoption of custom indices and private markets tools. Management...
- Q4 organic revenue grew over 10%, adjusted EBITDA grew over 13%, and adjusted EPS grew almost 12% for the quarter, with full-year adjusted EPS up nearly 14%.
- MSCI delivered 11 consecutive years of double-digit adjusted EPS growth, and since IPO has CAGR near 13% revenue, 15% adjusted EBITDA, and 16% adjusted EPS.
- Total run rate exceeded $3.3 billion, up 13% year over year, composed of ABF run rate of $852 million, up 26%, and recurring subscription run rate over $2.4 billion, up over 9%.
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QCR Holdings Q4 2025 Earnings Call - Record 2025 Fueled by NIM Expansion, LIHTC Growth and Strategic Loan Sales
QCR delivered a record 2025, driven by net interest margin expansion, strong loan and deposit growth, and outsized contribution from LIHTC lending and wealth management. Adjusted net income was $37 mi...
- QCR reported record adjusted net income of $37.0 million ($2.21 per diluted share) in Q4 and $130.0 million ($7.64 per diluted share) for full-year 2025.
- Net interest income was the primary earnings driver, rising on average earning asset growth and net interest margin expansion; NIM to tax equivalent yield rose 6 basis points sequentially in Q4 and has expanded 32 bps over the past seven quarters.
- Capital markets revenue totaled $25 million in Q4 and $65 million for 2025, above the prior $50-$60 million target; management now guides $55 million-$70 million over the next four quarters.
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National Bank Holdings Corporation Q4 2025 Earnings Call - Vista closed, problem loans cleared, and 2026 set up for ~10% loan growth with ~4% NIM
National Bank Holdings closed the Vista acquisition quickly, cleaned up lingering problem loans in Q4, and is guiding the combined company to a growth year in 2026. Management reported tangible book v...
- Quick close on Vista acquisition, adding roughly $2.4 billion of earning assets and prompting the company to adopt Vista as the go-forward brand in diversified markets.
- Company grew tangible book per share by 10% in 2025 and finished the year with a CET1 ratio of 14.89% and TCE of 11%.
- Q4 was noisy with one-time items: $4.1 million after-tax acquisition costs and $2.6 million after-tax loss on a strategic sale of securities executed to keep assets under $10 billion and preserve about $10 million in interchange income for one year.
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BXP Q4 2025 Earnings Call - Leasing Surge and Asset Sales Are Recasting the Portfolio, FFO Edges Up to $6.96 Midpoint
BXP closed 2025 on a clear tactical run. Leasing accelerated hard, occupancy ticked up, and the company executed a heavy slate of asset sales to fund development and pay down debt. Management guided t...
- Leasing momentum: BXP completed about 1.8 million sq ft of leasing in Q4 and over 5.5 million sq ft for full year 2025, well ahead of internal goals.
- Occupancy gains and targets: In-service occupancy rose about 70 basis points in Q4 to 86.7%. Management expects roughly 89% occupancy by end-2026 and reiterated a target of roughly 4% occupancy gain over the next two years.
- Pipeline and conversion: Management reported ~1.2 million sq ft in active lease negotiations (95% historical conversion), a 1.3 million sq ft discussion pipeline, and a 2026 leasing target of 4 million sq ft.
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Badger Meter Q4 & Full Year 2025 Earnings Call - PRASA win highlights AMI momentum but project pacing clouds 2026 timing
Badger Meter closed 2025 with record sales, margins, and cash flow, while integrating SmartCover into its BlueEdge portfolio. The company reiterated a long-term high single-digit revenue growth target...
- Badger Meter reported record 2025 results, with full year sales surpassing $900 million and 11% sales growth for the year.
- Q4 2025 sales were $221 million, up 8% year-over-year, or 2% on a base basis excluding the SmartCover acquisition.
- PRASA AMI award covers approximately 1.6 million service connections, will be supply only, and is expected to be produced in Racine, Wisconsin due to Buy American/FEMA funding requirements.
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Southern Copper Corporation Q4 2025 Earnings Call - Records in sales, EBITDA and net income driven by by-product gains and strong metal prices
Southern Copper closed 2025 with headline numbers that look simple and sturdy. Net sales hit a record $13.4 billion, adjusted EBITDA reached $7.8 billion and net income topped $4.3 billion, all powere...
- Southern Copper reported record 2025 results: net sales $13.4 billion, adjusted EBITDA $7.8 billion (up 22% YoY) and net income $4.3 billion (up 28% YoY).
- Q4 2025 sales were $3.9 billion, with Q4 adjusted EBITDA of $2.3 billion, a 53% increase versus Q4 2024, and a Q4 net income of $1.308 billion (up 65% YoY).
- By-products drove the lift: zinc mine production rose 36% in 2025 (plus 52,500 tons from the Buenavista zinc concentrator), silver production rose 15% to 24 million ounces, and molybdenum production rose 7.4% to 31,200 tons.
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M/I Homes Q4 2025 Earnings Call - Strong balance sheet, spec-heavy sales counter margin pressure from buydowns and year-end impairments
M/I Homes closed 2025 with solid cash, record equity and a business that leans hard on spec inventory and mortgage buydowns to drive sales. The company delivered 8,921 homes and $4.4 billion in revenu...
- Deliveries and revenue: M/I Homes delivered 8,921 homes in 2025 and recorded full-year revenue of $4.4 billion.
- Pre-tax income and margins: Excluding $59 million of inventory and warranty charges, pre-tax income was nearly $590 million, down 20% from $734 million in 2024. Pre-tax margin was about 13% before charges and 12% after charges.
- Quarterly results: Q4 revenue was $1.1 billion, down 5% year-over-year. Q4 gross margin was 18.1% including $51 million of charges and 22.6% excluding those charges.
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