Earnings Call Transcripts
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All Earnings Calls
First Hawaiian Inc. Third Quarter 2025 Earnings Call - Margin Momentum and Deposit Surge Offset Loan Paydowns
First Hawaiian delivered a resilient quarter, driven by higher net interest income and elevated fee income even as total loans fell by $223 million. Management flagged strong Q4 loan origination and e...
- Net income improved quarter over quarter, driven by higher net interest income and non-interest income; effective tax rate normalized to 23.2% after a prior quarter California tax law benefit.
- Net interest income was $169.3 million and NIM rose to 3.19%, up 8 basis points from the prior quarter; September run-rate NIM was 3.16% and management expects modest further NIM uplift in Q4.
- Total loans declined about $223 million in Q3, primarily from C&I where dealer floorplan fell $146 million and several corporate line paydowns totaled roughly $130 million.
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WSFS Financial Corporation Q3 2025 Earnings Call - Leaning into buybacks as capital, margins, and credit improve
WSFS delivered a clean quarter: core EPS $1.40, core ROA 1.40%, core ROTCE 18.7%, and tangible book value per share up 12% year over year. Net interest margin ticked up to 3.91%, aided by a one-time i...
- Core operating results were strong: core EPS $1.40, core ROA 1.40%, core ROTCE 18.7%, core net income +21% YoY, core EPS +30% YoY.
- Tangible book value per share increased 12% year over year.
- Net interest margin expanded 2 basis points to 3.91% quarter over quarter, helped by a roughly 4 basis point interest recovery from a previously non-performing loan.
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Phillips Edison & Company Third Quarter 2025 Earnings Call - Raises 2025 FFO Guidance on Strong Leasing, Selective Acquisitions and Portfolio Recycling
Phillips Edison reported a quarter of steady operations and nudged up full-year 2025 NAIRI and Core FFO per share guidance, citing robust leasing, high retention and disciplined acquisitions. Occupanc...
- Company raised full-year 2025 guidance: midpoint NAIRI FFO per share growth ~6.8% and Core FFO per share growth ~6.6% versus 2024.
- Third quarter results: NAIRI FFO $89.3 million, $0.64 per diluted share, year-over-year per share growth 6.7%; Core FFO $90.6 million, $0.65 per diluted share, per share growth 4.8%.
- Portfolio fundamentals remain tight: overall occupancy 97.6%, anchor occupancy 99.2%, same-store inline occupancy 95%, and tenant retention 94%.
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Southside Bancshares Inc. Q3 2025 Earnings Call - Sold $325M of AFS to Boost Future NII, Took $24.4M Loss
Southside used the quarter to reshuffle its balance sheet, selling about $325 million of lower-yielding, long-duration available-for-sale securities and booking a $24.4 million net loss, then redeploy...
- Company sold approximately $325 million of lower-yielding, long-duration AFS securities in Q3 and recorded a $24.4 million net loss, most sales occurring in September.
- Proceeds were partially used to fund loan growth and largely reinvested into agency mortgage-backed pools with 5.5% and 6.0% coupons, and Texas municipal securities with 5% to 5.75% coupons.
- Management estimates the payback of the $24.4 million loss to be less than four years, framing the sale as a strategic tradeoff to enhance future net interest income and balance sheet flexibility.
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First Western Financial Q3 2025 Earnings Call - Deposit Influx Repositions Balance Sheet, Setting Up NIM Expansion and Loan Growth
First Western reported a clean quarter of execution: net income of $3.2 million, or $0.32 per diluted share, up 45% year over year, driven by a large deposit inflow, renewed loan production, and risin...
- Net income of $3.2 million, or $0.32 per diluted share in Q3 2025, a 45% increase versus Q3 2024.
- Total deposits increased $320 million quarter over quarter, driven by title company inflows and active deposit-gathering efforts; management believes much of the growth is sticky.
- Loans held for investment rose $50 million QoQ; new loan production was $146 million in Q3, well diversified with largest growth in residential and commercial real estate and increased C&I demand.
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Coca-Cola FEMSA Third Quarter 2025 Earnings Call - Mexico excise tax forces low-mid single digit volume hit and CAPEX pushout
Coca-Cola FEMSA posted a mixed quarter: consolidated volumes slipped 0.6% to 1.04 billion unit cases while revenue management and pricing lifted total revenues 3.3% to 71.9 billion pesos. Margins tell...
- Mexico excise tax shock: House approved an 87% increase in the soft-drink excise tax (from 1.64 to 3.08 pesos per liter) plus a new 1.50 peso per liter tax on non-caloric formulas; pending Senate approval and expected to take effect January 2026.
- Preliminary 2026 outlook for Mexico: management expects a low to mid-single digit volume decline next year, net of other factors including World Cup and current initiatives.
- Consolidated Q3 performance: volumes down 0.6% to 1.04 billion unit cases; total revenues up 3.3% to 71.9 billion pesos; currency-neutral revenue growth of 4.7%.
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Mohawk Industries Third Quarter 2025 Earnings Call - Tariffs Create ~$110M Annual Headwind, Offset by Restructuring and Price Increases
Mohawk reported Q3 sales of $2.8 billion, essentially flat on a constant currency basis, and adjusted EPS of $2.67 (reported $1.75). The quarter showed improving productivity and strong free cash flow...
- Q3 sales $2.8 billion, up 1.4% as reported and flat on a constant currency basis, with hard surface and commercial outperformance driving stability.
- Adjusted EPS was $2.67, reported EPS $1.75; adjusted operating margin about 7.5% versus 5.0% reported after $69 million of nonrecurring charges.
- Gross profit 23.7% as reported, 25.3% excluding charges; productivity gains of $57 million and favorable FX of $15 million were offset by $39 million higher input costs, $20 million price/mix pressure and $23 million temporary shutdown costs.
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OMA Q3 2025 Earnings Call - Traffic up 8% and EBITDA up 9%, Monterrey is the Growth Engine
OMA reported a clean operational beat: 7.6 million passengers in Q3, an 8% year over year rise, and adjusted EBITDA of 2.7 billion pesos, up 9% with a 74.8% margin. Monterrey continues to dominate gro...
- Total passenger traffic in Q3 2025 was 7.6 million, up 8% year over year.
- Seat capacity rose 11% in the quarter, outpacing passenger growth.
- Domestic traffic grew 7%, with Monterrey-led routes to Toluca, Bajio, Puerto Vallarta, Mérida and Querétaro adding over 300,000 passengers and accounting for 68% of domestic growth.
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EastGroup Properties Third Quarter 2025 Earnings Call - Operating portfolio strong, but development starts pulled to $200M as big-box leasing lags
EastGroup delivered a tidy operating quarter, with Q3 FFO per share of $2.27, up 6.6% year over year, cash same-store NOI rising 6.9% for the quarter, and portfolio leasing that remains tight at rough...
- Q3 2025 FFO per share was $2.27, up 6.6% year over year, continuing a multi-year trend of quarterly FFO growth versus the prior-year quarter.
- Quarter-end portfolio leasing was 96.7% and reported occupancy 95.9%, with average quarterly occupancy 95.7% (down 100 bps vs Q3 2023).
- Cash same-store NOI rose 6.9% in Q3 and 6.2% year to date; management raised the midpoint of cash same-store NOI growth by 20 bps to 6.7% for the year.
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Community Health Systems Third Quarter 2025 Earnings Call - On track for positive free cash flow and lighter debt burden after 2034 refinancing
Community Health Systems reported a quarter of steady operations with a tug-of-war between improving revenue mix and weak elective outpatient demand. Management leaned on cost control, a $28 million l...
- Adjusted EBITDA reported $376 million for Q3; excluding a $28 million non-patient legal settlement adjusted EBITDA was $348 million (margin ~11.4%, +20 bps YoY).
- Company recognized a $28 million legal settlement as non-patient revenue; that amount is excluded from same-store metrics and guidance baseline.
- Same-store net revenue rose 6.0% YoY, driven primarily by rate growth; net revenue per adjusted admission increased 5.6% YoY.
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