Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
TrustCo Bank Corp NY Third Quarter 2025 Earnings Call - NII and loan growth drive 26% rise in net income while credit quality remains strong
TrustCo posted a clean, profitability-driven quarter. Net income rose 26.3% year over year to $16.3 million, supported by an 11.5% jump in net interest income to $43.1 million, margin expansion, and m...
- Net income for Q3 2025 was $16.3 million, up 26.3% versus Q3 2024.
- Net interest income rose to $43.1 million, an 11.5% increase year over year; net interest margin expanded to 2.79%, up 18 basis points.
- Average loans reached an all-time high of $5.2 billion, up 2.5% year over year (+$125.9 million).
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CME Group Q3 2025 Earnings Call - FanDuel JV and 24/7 crypto push mark strategic pivot to retail
CME reported a resilient Q3 with record pockets of activity even as overall revenue dipped versus last year. Trading volumes and open interest remain elevated, led by explosive crypto and new-product ...
- Q3 trading: average daily volume was 25.3 million contracts, the second-highest Q3 on record, and revenue for the quarter was $1.5 billion, down 3% year over year from an exceptionally strong Q3 2024.
- Open interest grew to 126 million contracts at quarter end, the highest end-September open interest in five years, and continued growing into October.
- Crypto surge: the crypto complex averaged a record 340,000 contracts per day in Q3, up over 225% year over year, helped by early success of Solana and XRP futures.
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Travel + Leisure Co. Q3 2025 Earnings Call - Vacation Ownership strength drives margins, cash and brand expansion
Travel + Leisure delivered a clean, confident quarter: $1.044 billion in revenue, $266 million of adjusted EBITDA and $1.80 adjusted EPS, all up meaningfully year over year. The engine was Vacation Ow...
- Company reported Q3 revenue $1.044 billion, adjusted EBITDA $266 million and adjusted EPS $1.80, all meaningfully higher year over year.
- Vacation Ownership was the growth engine: segment revenue $876 million, adjusted EBITDA $231 million, and gross VOI sales of $682 million.
- VPG (value per guest) reached $3,304, marking the 18th consecutive quarter above $3,000 since 2020 and up 10% year over year for the quarter.
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Orrstown Financial Services, Inc. Third Quarter 2025 Earnings Call - Post-merger execution drives record quarter, margin stable but asset-sensitive to Fed cuts
Orrstown reported a standout third quarter, posting record diluted EPS of $1.13 and $21.9 million of net income, driven by strong loan growth, robust fee income, and lower expenses after last year’s m...
- Record third quarter results: net income $21.9 million, diluted EPS $1.13, ROA 1.60%, ROE 15.7%.
- Net interest margin was 4.11% in Q3, up 4 basis points from Q2, supported by loan pricing and purchase accounting accretion.
- Loan growth accelerated, with 4.9% annualized growth in the quarter, bringing loans close to $4 billion and average loan yield of 6.58%.
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HCSG Q3 2025 Earnings Call - Momentum Fueled by Organic Growth and ERC Windfall Driving Cash, EPS, and Buybacks
Healthcare Services Group delivered a tidy quarter of top-line momentum, driven by new client wins, high retention and a sharp cash boost from Employee Retention Credit receipts. Revenue rose to $464....
- Revenue of $464.3 million, up 8.5% year-over-year; Q4 revenue guide $460–$470 million.
- This was the sixth consecutive sequential revenue increase and the fastest growth rate since Q1 2018, driven by new client wins and >90% retention.
- Cost of services reported at 79.2%, but included a $34.2 million benefit primarily from ERC receipts and a $2.7 million Genesis-related charge; combined net benefit to cost of services was reported as $31.5 million (6.8%).
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Pegasystems Q3 2025 Earnings Call - Blueprint-driven Cloud ACV Acceleration Reinforces Pega's Design-time AI + Runtime Workflow Edge
Pegasystems posted a clean, accelerating quarter: record Pega Cloud ACV, revenue, and free cash flow, driven by strong adoption of Pega GenAI Blueprint and a continued shift to cloud-native subscripti...
- Pega delivered a record Q3: Pega Cloud ACV, overall revenue, and free cash flow all reached new highs, underscoring accelerating execution.
- Annual contract value (ACV) grew 14% year over year; through first nine months of 2025 net new ACV exceeded $147 million in constant currency, more than all of 2024.
- Pega Cloud ACV surged 27% year over year and represented the fastest-growing component of total ACV, accounting for over 85% of ACV growth this year.
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Boston Scientific Q3 2025 Earnings Call - EP and Watchman Drive Upside, Guidance Raised
Boston Scientific slammed through expectations in Q3 2025, led by runaway growth in electrophysiology and Watchman, and has pushed full-year targets higher. Reported revenue topped $5.06 billion with ...
- Q3 results materially beat: consolidated revenue $5.065B (20.3% reported growth), operational revenue +19.4%, organic revenue +15.3%.
- Adjusted EPS $0.75, up 19% year-over-year, exceeding guidance of $0.70–$0.72.
- Company raised full-year 2025 adjusted EPS guidance to $3.02–$3.04 and now expects ~15.5% organic revenue growth for the year.
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GE Vernova Q3 2025 Earnings Call - Prolec GE acquisition immediately accretive, locks North American transformer control
GE Vernova used its Q3 briefing to announce a decisive move, buying the remaining 50% of Prolec GE for $5.275 billion, a deal it says is immediately accretive to EBITDA and central to expanding its el...
- GE Vernova announced acquisition of the remaining 50% of Prolec GE for $5.275 billion, planned to be funded 50% with cash and 50% with debt, expected to close by mid-2026.
- Management says the acquisition is immediately accretive to EBITDA before synergies and keeps GE Vernova investment grade after issuing roughly $2.6 billion of debt, with debt to adjusted EBITDA expected below 1x.
- Prolec GE current-year revenue is ~ $3 billion with EBITDA margins around 25%; Prolec equipment backlog was about $4 billion at the end of Q2.
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Cathay General Bancorp Q3 2025 Earnings Call - Loan and Deposit Growth Prompts Guidance Lift, While CRE Stress and Higher Reserves Tighten the Frame
Cathay reported steady Q3 net income of $77.7 million and raised full-year loan and deposit guidance after a quarter of strong loan growth. Management leaned into organic growth, bought back $50.1 mil...
- Net income flat quarter over quarter at $77.7 million, EPS up modestly to $1.13 from $1.10.
- Gross loans increased $320 million in Q3, a 6.6% annualized gain, led by $122 million in CRE and $123 million in residential loans.
- Management raised loan and deposit guidance to 3.5% to 5% (from prior 3% to 4%) after strong Q3 growth.
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PennyMac Mortgage Investment Trust Third Quarter 2025 Earnings Call - Pivoting into Private‑Label Securitizations to Boost Returns
PennyMac reported a solid quarter: net income to common shareholders of $48.0 million, EPS $0.55, a third quarter dividend of $0.40, and book value per share rising to $15.16. Management framed the qu...
- PMT reported net income to common shareholders of $48.0 million and diluted EPS of $0.55 for Q3 2025, with book value per share rising to $15.16 from $15.00 at quarter end June 30.
- Third quarter common dividend declared at $0.40 per share, below the reported core run‑rate of roughly $0.42 per share.
- Management highlighted a strategic shift: accelerate private‑label securitizations to create higher returning, organically produced credit investments and reduce exposure to lower‑return opportunistic holdings.
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