Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Cohen & Steers Q2 2025 Earnings Call - Real estate appears to have bottomed, firm launches integrated listed/private real estate strategy
Cohen & Steers reported a steady quarter: adjusted EPS $0.73 versus $0.75 sequentially, revenue $135 million up 1.1%, ending AUM $88.9 billion. Fee rate held at 59 basis points, operating margin slipp...
- Adjusted EPS $0.73 in Q2, down from $0.75 sequentially; revenue $135 million, up 1.1% quarter over quarter.
- Ending AUM $88.9 billion, recovered from April volatility and up from $87.6 billion at Q1 end; average AUM benefited from market appreciation late in the quarter.
- Effective fee rate steady at 59 basis points; operating margin fell to 33.6% from 34.7% as expenses rose.
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Home BancShares Inc. Second Quarter 2025 Earnings Call - Record Quarter, Buybacks and an Active M&A Hunt
Home BancShares posted another strong quarter with record reported earnings of $119.4 million, core NIM holding around 4.44% and adjusted ROA roughly 2.02%. Management leaned into capital returns, buy...
- Record quarter: reported Q2 earnings $119.4 million, $0.60 per share; adjusted first-half non-GAAP earnings $233.6 million, up about 15% year over year.
- Margin stable: reported NIM 4.44%, core margin excluding event income ~4.43%; June core NIM strengthened to ~4.47%, giving management optimism into H2.
- Strong profitability metrics: adjusted ROA about 2.02% and adjusted efficiency ratio roughly 42.01%; non-GAAP ROTCE in the high teens (~18.26%).
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Texas Capital Bancshares Q2 2025 Earnings Call - Diversified push lifts revenue and EPS, ROAA nears 1.1%
Texas Capital delivered a punchy quarter as its multi-year transformation shows up in the numbers. Adjusted total revenue rose 16% year over year, adjusted net income to common doubled, and adjusted E...
- Adjusted total revenue rose 16% year over year, supported by 17% growth in net interest income and 11% growth in adjusted fee-based revenue.
- Adjusted net income to common doubled year over year, and adjusted EPS increased 104%, with adjusted ROAA reaching 1.02%, close to the 1.1% 2025 goal.
- Commercial loans grew 5% sequentially and 13% year over year, driven by targeted client acquisition and broad industry/geographic contribution.
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First Industrial Realty Trust Second Quarter 2025 Earnings Call - Strong rent gains and Camelback 303 lease-up, but tariff uncertainty and occupancy drag cloud momentum
First Industrial reported a clean quarter of operating strength, with cash rental rate growth among the top in the sector and a timely win in Phoenix where the Camelback 303 JV reached full lease-up. ...
- FFO per share was $0.76 in 2Q25, up from $0.66 in 2Q24.
- In-service occupancy ended the quarter at 94.2%, down 110 basis points, primarily from a known 708,000 square foot move-out in Central Pennsylvania and two developments moving into service.
- Overall cash rental rate increase on new and renewal leasing was 33%, and 38% excluding a previously disclosed large fixed-rate renewal in Central Pennsylvania.
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SL Green Realty Corp. Second Quarter 2025 Earnings Call - Guidance Raised After Opportunistic Gains and $2B+ Liquidity to Deploy
SL Green used the quarter to convert opportunistic positions into cash and lift 2025 FFO guidance, arguing the market is tightening and Midtown fundamentals are improving. Management highlighted a rap...
- Company raised 2025 FFO guidance midpoint by $0.40 per share, a 7.4% increase at the midpoint, driven largely by opportunistic gains and liquidity events.
- Repayment of the 522 Fifth Avenue mortgage investment generated meaningful incremental FFO, CFO quantified as about $0.69 per share of incremental FFO; CEO said the trade realized nearly $90 million of profit on a $130 million investment.
- Sale of a 50% participation interest in the preferred equity position at 625 Madison Avenue, which carries a PIK preferred rate of roughly 6.65%, triggered a $0.19 per share reserve on the retained piece under accounting rules.
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ManpowerGroup Q2 2025 Earnings Call - Stabilizing Demand, EPS Crushed by Impairments and Cost Actions
ManpowerGroup reported signs of demand stabilization across several regions, but profitability was hit hard by impairments and restructuring. System-wide revenue was $4.9 billion, reported revenue $4....
- System-wide revenue totaled $4.9 billion; reported revenue was $4.5 billion, down 3% year over year in constant currency.
- Adjusted EBITDA was $89 million, a 25% decline in constant currency; adjusted EBITDA margin was 2.0%, down 50 basis points year over year.
- Reported EPS was a loss of $1.44 per basic share, driven by $1.79 per share of non-cash goodwill and intangible impairments and $0.43 of restructuring and disposition charges; adjusted EPS was $0.78, down 43% year over year in constant currency.
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Synovus Q2 2025 Earnings Call - Raised Guidance as Loan Momentum and NIM Drive Upside
Synovus delivered a clean beat in Q2, reporting $1.48 GAAP and adjusted EPS, driven by stronger net interest margin, higher funded loan production and tight expense control. Management flagged broad-b...
- Reported GAAP and adjusted EPS of $1.48, up 14% sequentially and 28% year over year.
- Adjusted pre-provision net revenue rose 5% sequentially and 7% year over year, powered by NIM expansion and fee rebounds.
- Net interest margin expanded to 3.37%, up 2 basis points quarter over quarter, contributing to 6% year-over-year NII growth.
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Rexford Industrial Realty Q2 2025 Earnings Call - $195M Embedded NOI and Infill Resilience Amid Rent Pressure
Rexford reported steady Q2 execution, reaffirming full year core FFO guidance at $2.37 to $2.41 while leaning on a deep pipeline of embedded growth to offset near-term market softness. Leasing was act...
- Core FFO in Q2 was $0.59 per share, and management reaffirmed full year 2025 core FFO guidance of $2.37 to $2.41 per share.
- Rexford executed 1.7 million square feet of leases in the quarter, including lease-up activity across four repositioning and redevelopment projects.
- Net effective leasing spreads and cash leasing spreads for comparable leases were 21% and 8%, respectively; embedded contractual rent steps averaged 3.7%, up 10 basis points sequentially.
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Ericsson Q3 2025 Earnings Call - Margin Expansion Nears Target as Cost Cuts Create Resilient Cash Flow for Shareholder Returns
Ericsson delivered a quarter where margin mechanics stole the show. Organic sales fell 2% while reported sales dropped 9% after a SEK 4.2 billion negative FX impact, yet adjusted gross margin rose to ...
- Organic sales down 2% year on year, reported sales down 9% due to a SEK 4.2 billion negative currency effect in Q3 2025.
- Adjusted gross margin improved to 48.1%, driven by supply chain fixes, cost reductions, and delivery improvements.
- Adjusted EBITDA was SEK 8.2 billion, with an EBITDA margin of 14.7% excluding the iConnective capital gain, approaching Ericsson’s long-term target range.
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Fulton Financial Corporation Q2 2025 Earnings Call - First $100M Operating Quarter as NII and Fees Drive Results
Fulton delivered a milestone quarter, reporting $100.6 million of operating net income, $0.55 per share, the company’s first $100 million operating quarter. The beat was driven by a modest rise in net...
- Operating earnings of $100.6 million, or $0.55 per diluted share, a company record and the first $100 million operating net income quarter for Fulton.
- Net interest margin rose 4 bps to 3.47%, net interest income $254.9 million on a non-FTE basis, helped by fixed-rate asset repricing and stable loan yields at 5.86%.
- Company increased 2025 net interest income guidance to $1.005 billion to $1.025 billion, reflecting recent performance and updated rate assumptions.
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