Earnings Call Transcripts
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All Earnings Calls
Baker Hughes Q4 2025 Earnings Call - IET Power Systems Drive Record Orders and Margins, Chart Acquisition in Focus
Baker Hughes closed 2025 with a clean, loud message. Industrial and Energy Technology delivered a breakout year: record orders, record backlog, and step-change margins. That strength produced industry...
- Company delivered Q4 adjusted EBITDA of $1.34 billion and a record full-year adjusted EBITDA of $4.83 billion, with Q4 adjusted EPS of $0.78 and full-year adjusted EPS of $2.60, up 10% year-over-year.
- Adjusted EBITDA margin reached a record 18.1% in Q4, up 30 basis points year-over-year; full-year company-adjusted EBITDA margin climbed to 17.4%, up 90 basis points.
- IET was the standout: Q4 orders of $4.0 billion and a record full-year $14.9 billion of orders, ending 2025 with a $32.4 billion backlog and book-to-bill above 1x.
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Rockland Trust Q4 2025 Earnings Call - Enterprise Integration Complete, NIM Rising and Profitability Rebound with Capital Returned
Rockland Trust closed and largely integrated the Enterprise acquisition, retained almost all client-facing staff and deposit relationships, and used the enlarged footprint to drive C&I momentum and de...
- Enterprise acquisition closed and integrated with near-complete retention of client-facing personnel, negligible customer loss in commercial banking, and branch deposit retention exceeding 95% in acquired branches.
- Operating performance improved materially through 2025, with operating EPS up 60% from Q1 to Q4, operating ROAA up 40 basis points, and operating ROTC improving 529 basis points.
- Q4 2025 GAAP net income was $75.3 million, GAAP diluted EPS $1.52; adjusted operating net income was $84.4 million or $1.70 diluted EPS after $12.3 million of merger-related expenses.
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First Western Financial Q4 2025 Earnings Call - Net Interest Margin Expansion Drives Profitability Despite One-Time OREO Hit and AUM Outflows
First Western closed 2025 with momentum. Net interest margin widened to 2.71%, NII rose 21.7% year over year, and the bank produced solid loan and deposit growth while keeping a tight leash on core op...
- Net income was $3.3 million, or $0.34 diluted EPS in Q4 2025, higher than the prior quarter but reduced by a $1.4 million OREO write-down that cost roughly $0.10 per share after tax.
- Net interest margin expanded to 2.71% in Q4, up 17 basis points quarter over quarter, driving a 21.7% year-over-year rise in net interest income.
- Cost of funds fell as the bank reduced deposit rates on money market accounts and ran off high-cost deposits, producing much of the recent NIM lift.
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Alaska Air Group Q4 2025 Earnings Call - Biggest Boeing Order and Integration Progress Put 2026 Harvest Year in Play
Alaska Air Group closed 2025 with clearer runway than a year ago, not because results were flawless, but because the merger milestones and a record Boeing order finally give the company scale and a co...
- Q4 GAAP net income was $21 million, full-year GAAP net income was $100 million; adjusted net income ex-special items was $50 million for Q4 and $293 million for the full year.
- Adjusted EPS was $0.43 in Q4 and $2.44 for full-year 2025, both ahead of the December revised guidance.
- Alaska secured the largest aircraft order in its history, building an order book of 261 aircraft including firm orders to grow the 787 fleet to 17, underpinning its goal to build Seattle into a global hub.
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USCB Financial Holdings Q4 2025 Earnings Call - Deliberate Securities Loss to Reinvest in Higher-Yield Loans and Lift NIM
USCB closed 2025 with solid underlying performance and a deliberately noisy quarter. Management sold $44.6 million of low-yield available-for-sale securities, took a $5.6 million after-tax hit, and re...
- Management executed a targeted December sale of $44.6 million of AFS securities, realizing a $5.6 million after-tax loss, to redeploy cash into higher-yielding loans.
- Q4 GAAP diluted EPS was $0.07. Excluding the securities loss and a $0.06 per-share tax charge for prior-period out-of-state income, operating diluted EPS was $0.44.
- Company guidance for modeling tax expense is 26.4% going forward, after recognizing prior-state tax liabilities of roughly $1.1 million in Q4.
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OceanFirst Financial Corp. Q4 2025 Earnings Call - Loan Surge and Flushing Deal Set the Growth Story
OceanFirst closed Q4 with unmistakable organic momentum, driven by back-to-back $1 billion origination quarters and record quarterly loan growth. Net interest income expanded for a fifth straight quar...
- Reported Q4 GAAP EPS of $0.23, and core EPS of $0.41.
- Net interest income rose for the fifth consecutive quarter, up $5 million or 5% sequentially, and up 14% year over year.
- Total loans increased $474 million in the quarter, an 18% annualized growth rate, driven by roughly $1.0 billion in originations for the second straight quarter.
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Byline Bancorp 4Q 2025 Earnings Call - Board Hikes Dividend 20% and Readies Buybacks as Bank Eyes $10B Asset Milestone
Byline closed 2025 with tidy results and an assertive capital posture. The bank reported $130.1 million in net income for the year, a record Q4 net interest income, and a 20% dividend increase while a...
- Full-year 2025 net income was $130.1 million, or $2.89 per diluted share, on revenue of $446 million, up 9.7% year-over-year.
- Q4 2025 net income was $34.5 million, or $0.76 per diluted share, on revenue of $117 million; pre-tax, pre-provision ROA was 232 basis points for the quarter.
- Board approved a 20% increase in the quarterly dividend and authorized a repurchase program up to 5% of outstanding shares; the company repurchased ~346,000 shares in the quarter and returned $42 million to shareholders in 2025.
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Cohen & Steers Q4 2025 Earnings Call - Real-assets rotation fuels renewed inflows and a fat pipeline
Cohen & Steers closed 2025 with modest top-line and EPS gains, steady margins, and a renewed flow story centered on real assets. Q4 as‑adjusted EPS was $0.81, full‑year EPS $3.09, revenue for the quar...
- Q4 as‑adjusted EPS $0.81, matching the prior quarter; full‑year 2025 EPS $3.09 versus $2.93 in 2024.
- Q4 revenue $143.8 million, up 2% sequentially; full‑year revenue $554 million, up 6.9% year over year.
- Effective fee rate (ex performance fees) held at 59 basis points in Q4; performance fees recognized were $1.7 million.
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SLB Q4 2025 Earnings Call - Production Recovery, Digital & ChampionX Set Up 2026 Rebound
SLB closed 2025 with a solid operational quarter, driven by a 9% sequential revenue step-up to $9.7 billion and margin expansion, but the beat masks a lumpy mix. An extra month of ChampionX accounted ...
- Q4 revenue $9.7 billion, up 9% sequentially, driven by high single-digit international growth and mid-teens North America growth.
- About $300 million of Q4 revenue came from an extra month of ChampionX consolidation, with roughly $500 million of organic sequential revenue uplift.
- Excluding ChampionX, organic revenue rose 7% internationally and 6% in North America sequentially, the first broad sequential growth across geographies since Q2 2024.
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Webster Financial Corporation Q4 2025 Earnings Call - Credit Remediation and HSA Deposit Optionality Support 3.35% NIM Outlook
Webster closed 2025 with clean headlines and a deliberate tone. The bank delivered a 17% ROTCE and 1.2% ROA, grew loans about 7.8% and deposits 6% for the year, repurchased 10.9 million shares, and en...
- FY2025 headline metrics: 17% ROTCE, 1.2% ROA, EPS up 10% year over year, tangible book value per share up 13%.
- Balance sheet growth: loans up 7.8% for FY2025, Q4 loans up $1.5 billion (2.8% q/q); total assets up about $5.0 billion or 6.4% for the year.
- Deposits: FY deposits up 6% year over year, Q4 deposits up 0.9% q/q after a seasonal $1.2 billion public funds outflow that management expects to reverse in Q1.
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