Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Northpointe Bancshares, Inc. Q3 2025 Earnings Call - MPP scale-up hits targets, driving asset and fee growth
Northpointe’s Q3 showed what the company has been pitching for months, MPP scale. The Mortgage Purchase Program ballooned to $3.36 billion, delivering record funding activity and pushing average inter...
- GAAP earnings of $20.1 million, or $0.57 diluted EPS, in Q3 2025; ROA 1.34% and return on average tangible common equity 15.41%.
- Mortgage Purchase Program (MPP) period-end balances reached $3.36 billion, up $473.2 million QoQ and $1.7 billion YoY; MPP funded $9.8 billion of loans in Q3, the company’s highest quarterly level ever.
- Management says Northpointe has achieved its full-year 2025 MPP growth target through the first nine months, and still has a robust pipeline for the remainder of 2025 and into 2026.
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Old National Bancorp Third Quarter 2025 Earnings Call - Bremer conversion fuels margin, deposits and profit while credit stays benign
Old National delivered a clean, above-guidance quarter driven by the full-quarter impact of the Bremer partnership and disciplined execution. Adjusted EPS was $0.59 (GAAP $0.46) after $0.13 of merger-...
- Adjusted EPS $0.59 for 3Q25, GAAP EPS $0.46 after $0.13 of net merger-related expenses.
- Return on average tangible common equity about 20%, return on assets above 1.3%, and adjusted efficiency ratio around 48% (sub-50%).
- Bremer systems conversion and rebrand completed over the weekend, now operating as Old National in former Bremer branches.
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Stifel Financial Corp Third Quarter 2025 Earnings Call - Record Revenue and Client Assets, Strong Investment Banking Pipeline
Stifel delivered a quarter that looked like a company mid-cycle finally catching its stride, not an accidental pop. Revenue topped $1.4 billion, EPS hit $1.95 (third highest ever, record for a third q...
- Record quarterly net revenue of about $1.4 billion, roughly 7% above Street consensus and up 17% year over year.
- Earnings per share of $1.95, the third highest in firm history and a record for a third quarter; operating EPS up 30% year over year.
- Return on tangible common equity exceeded 24%, signaling robust profitability on tangible capital.
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BankUnited Inc. Third Quarter 2025 Earnings Call - Margin hits 3% early as credit holds steady
BankUnited delivered a clean, ahead-of-plan quarter. EPS $0.95 beat consensus, margin reached 3% a quarter early, ROA rose to 82 bps and ROE to 9.5%. Management says this improvement was driven largel...
- Margin reached 3.00% in Q3, delivered a quarter earlier than management expected, and expansion was driven primarily by mix and funding improvements rather than rate cuts.
- EPS was $0.95, beating consensus (~$0.88); ROA improved to 82 basis points and ROE rose to 9.5%.
- Net interest income up modestly, average NIDDA rose by $210 million and average interest-bearing liabilities fell by $526 million, lowering funding costs.
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Hilton Worldwide Third Quarter 2025 Earnings Call - Conversion-fueled growth and tech-enabled owner fee relief offset soft RevPAR
Hilton reported a quarter that felt familiar, resilient, and strategic. Q3 system-wide RevPAR was down about 1%, yet the company beat the high end of its EBITDA and EPS targets, driven by non-RevPAR f...
- Q3 system-wide RevPAR declined approximately 1% year over year, with U.S. RevPAR down about 2.3% driven by holiday shifts, government travel declines, renovations, and softer international inbound demand.
- Despite RevPAR softness, adjusted EBITDA was $976 million in Q3, up 8% year over year, and adjusted diluted EPS was $2.11, both meaningfully above guidance.
- Management now expects full-year 2025 RevPAR to be flat to up 1%, and Q4 RevPAR to be approximately +1%, with guidance ranges not incorporating future share repurchases.
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Moody’s Corporation Third Quarter 2025 Earnings Call - Record $2B Quarter, Raised Full-Year Guidance as Margins Expand
Moody’s reported a standout third quarter: record revenue above $2.0 billion, adjusted diluted EPS of $3.92, and operating leverage that pushed margins sharply higher. The company raised full-year gui...
- Record quarterly revenue exceeded $2.0 billion, up 11% year over year, the first time Moody’s topped $2 billion in a quarter.
- Adjusted diluted EPS was $3.92 in Q3, up 22% year over year, with reported EPS more than double the same quarter three years ago.
- Adjusted operating margin for the quarter was about 53% at the MCO level, demonstrating significant operating leverage; company expects full-year adjusted operating margin around 51%.
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Northern Trust Corporation Third Quarter 2025 Earnings Call - One Northern Trust, AI and private-markets lift margins and EPS
Northern Trust reported a steady, disciplined quarter: Q3 net income $458 million, EPS $2.29, and return on average common equity 14.8%. Revenue and operating leverage improved, driven by favorable ma...
- Q3 results: net income $458 million, EPS $2.29, return on average common equity 14.8%.
- Revenue momentum and discipline produced positive organic growth for the fifth consecutive quarter, with revenue up 6% year over year excluding notable items.
- Operating leverage delivered a nearly 200 basis point expansion in pre-tax margin year over year, with expenses up 4.7% YoY and management reiterating full‑year operating expense growth below 5% excluding notables.
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UniFirst Corporation Q4 2025 Earnings Call - Investing Through Pain: ERP and Sales Bets to Drive Growth, Expect 2026 Margin Dip
UniFirst closed fiscal 2025 with modest top-line gains but a clear strategic pivot: management is accelerating investments in an Oracle ERP rollout, sales and service capacity, and telematics, accepti...
- Fiscal 2025 full-year revenues were $2.432 billion, a 2.1% increase versus fiscal 2024 after adjusting for the extra week in 2024.
- Q4 2025 revenue was $614.4 million versus $639.9 million a year ago; excluding the extra week in 2024, Q4 organic revenue growth was about 3.4%.
- Uniform and Facility Service Solutions (primary segment) Q4 revenues were $560.1 million, down 4.4% year-over-year; organic growth for that segment in the quarter was ~2.9%.
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Waste Connections Q3 2025 Earnings Call - Pricing and retention drove margin expansion despite commodity and volume headwinds
Waste Connections outperformed headlines and expectations in Q3, driven by aggressive price retention and materially better employee metrics. Core solid waste pricing ran at 6.3% in the quarter, under...
- Q3 adjusted EBITDA was $830.3 million, up 5.4% year over year, with an adjusted EBITDA margin of 33.8%.
- Core solid waste pricing was 6.3% in Q3, putting the company on pace for full-year core pricing of approximately 6.5%.
- Volumes declined 2.7% year over year, with roughly 70 basis points of that decline attributed to purposeful shedding of low margin contracts and price-volume tradeoffs.
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Taylor Morrison Q3 2025 Earnings Call - Execution Holds Margins While Land Renegotiations and Specs Buy Time
Taylor Morrison reported a quarter that reads like a playbook for navigating a choppy housing market. Results beat guidance across closings, price, and gross margin, driven by active land renegotiatio...
- Company beat guidance on all key metrics for Q3 2025: home closings, volume, average price, and gross margin.
- Reported net income $201 million, $2.01 diluted EPS; adjusted net income $211 million, $2.11 diluted EPS after excluding impairments and certain charges.
- Delivered 3,324 homes in Q3 with average closing price of $602,000, producing $2.0 billion of home closing revenue.
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