Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
NovaGold Year-End 2025 Earnings Call - Donlin Now 60% Owned, Permits in Hand, BFS and Financing Talk Take Center Stage
NovaGold closes 2025 with Donlin Gold now majority owned at 60% and a busy site program behind it. The company reported a FY2025 net loss of $94.7 million, which included a $39.6 million non-cash, non...
- NovaGold reports FY2025 net loss of $94.7 million, which includes a $39.6 million non-cash, one-time warrant charge tied to the Donlin transaction.
- Cash and equivalents end-2025 at $115.1 million after net proceeds of $259.6 million from a public offering and private placement.
- NovaGold increased its interest in Donlin Gold to 60% by acquiring an additional 10% interest for transaction consideration and costs of $210.1 million.
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LSI Industries Fiscal 2026 Second Quarter Earnings Call - Flat Revenue, Margin Expansion and $23M Free Cash Flow
LSI reported a workmanlike quarter: revenue held at $147 million, but profitability and cash flow improved materially. Adjusted EBITDA rose to $13.4 million, adjusted EPS was $0.26, and free cash flow...
- Revenue roughly flat year over year at $147 million, a solid result versus tough prior-year comps in Display Solutions.
- Adjusted EBITDA improved to $13.4 million; adjusted EPS was $0.26 for the quarter.
- Free cash flow was strong at about $23 million for Q2, following a softer Q1, enabling aggressive debt paydown.
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RLI Corp Fourth Quarter 2025 Earnings Call - 30th Straight Year of Underwriting Profit and 33% BVPS Growth
RLI closed 2025 with another clean, disciplined performance: $264 million of underwriting income, an 83.6 combined ratio for the year, and 30 consecutive years of underwriting profitability. Generated...
- RLI reported $264 million of underwriting income for 2025, delivering an 83.6 combined ratio for the year and marking 30 consecutive years of underwriting profitability.
- Operating earnings per share were $0.94 in Q4 2025 versus $0.52 in Q4 2024; GAAP net earnings per share were $0.99 in Q4 and $4.37 for the full year, a 17% increase over 2024.
- Book value per share rose 33% in 2025 inclusive of dividends, driven by underwriting profits and investment returns, producing comprehensive earnings of $5.29 per share for the year.
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Independent Bank Corporation Fourth Quarter 2025 Earnings Call - NIM Expansion and Commercial Loan-Driven Growth with Targeted 2026 Guidance
Independent Bank reported a steady close to 2025, driven by margin improvement and heavy commercial loan activity. Q4 net income was $18.6M ($0.89 diluted EPS), bringing full-year 2025 net income to $...
- Net income Q4 2025: $18.6 million, $0.89 diluted EPS; full-year 2025 net income $68.5 million, $3.27 diluted EPS, up from $66.8M/$3.16 in 2024.
- Net interest margin (tax-equivalent) 3.62% in Q4 2025, up 8 bps linked quarter; net interest income increased $1.0M QoQ and $3.5M YoY.
- Management expects full-year 2026 NII growth of 7%-8% and NIM expansion of roughly 18-23 bps year-over-year, with Q1 NIM +5-7 bps and each subsequent quarter +3-5 bps.
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Third Coast Bancshares Fourth Quarter 2025 Earnings Call - Loan-led growth outpaces peers, margins resilient as Keystone merger approaches
Third Coast ran hot to close 2025, delivering outsized loan and deposit growth while protecting margins, but some of the strength was lumpy and near-term noise is expected. Management leaned on relati...
- Gross loans rose $230 million sequentially to $4.39 billion, a 5.5% quarter over quarter increase and 10.8% year over year, driven by strong C&I originations.
- Total assets finished at $5.34 billion, up 5.5% sequentially and 8.1% versus year-end 2024, putting Third Coast above its 8% targeted run rate.
- Deposits grew by roughly $254 million in Q4 to $4.6 billion, a 5.8% quarter over quarter increase and 7.3% year over year, though management said much of the Q4 lift was seasonal or temporary.
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Banner Corporation Fourth Quarter 2025 Earnings Call - Core earnings resilient, CRE payoffs weigh on loan growth
Banner reported a resilient quarter, driven by core revenue and a net interest margin north of 4%, even as loan balances barely budged due to a wave of CRE payoffs and lower C&I line utilization. Cred...
- Reported net income available to common shareholders of $51.2 million, or $1.49 diluted EPS for Q4 2025; full year 2025 net income $195.4 million, or $5.64 per diluted share.
- Core pre-tax, pre-provision earnings were $255 million for full year 2025, up from $223.2 million in 2024, signaling stronger underlying operating performance.
- Quarterly core revenue was $170 million, up slightly from $169 million in Q3 and $160 million year-over-year; full year core revenue rose 8% to $661 million.
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Amalgamated Financial Corporation Fourth Quarter 2025 Earnings Call - Record Deposit Haul and a Growth-First 2026 Plan
Amalgamated closed 2025 with momentum: a record quarter of deposit gathering, modest margin expansion, strong loan growth and a public vow to scale toward a $10 billion franchise. Management reported ...
- Record deposit gathering: nearly $1.0 billion in new deposits this quarter, with on-balance sheet deposits up $179 million to $7.9 billion and off-balance sheet up $789 million to $1.1 billion.
- Political deposits jumped $287 million to $1.7 billion, continuing a multi-cycle growth trend that typically peaks about a month before elections.
- Core earnings per diluted share $0.99; core net income $30.0 million. GAAP net income $26.6 million, or $0.88 per diluted share.
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Southern Missouri Bancorp Q2 2026 Earnings Call - Earnings Rebound as Credit Recoveries and Deposit Repricing Support Margin
Southern Missouri Bancorp reported a tidy come‑back in Q2, earning $1.62 per diluted share, up 17% sequentially and 25% year over year. The improvement was driven by a sharply lower provision for cred...
- EPS of $1.62 in Q2, up $0.24 (17.4%) sequentially and $0.32 (24.6%) year over year.
- Provision for credit losses fell to about $1.7 million, down $2.8 million versus the September quarter, driven by recoveries on a specialty CRE relationship.
- Net interest margin reported 3.57% q/q flat; adjusted NIM excluding interest reversals was 3.63%, a 6 bp q/q improvement.
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CVB Financial Corporation Fourth Quarter 2025 Earnings Call - NII Lift and Loan Originations Surge as Heritage Deal Nears
CVB reported a clean quarter: $55 million in net earnings, $0.40 EPS, and a 14.4% return on average tangible common equity. The quarter’s upside was driven by higher net interest income from loan grow...
- Net earnings of $55 million, $0.40 per share, marking 195 consecutive quarters of profitability and 145 consecutive quarters of paying a cash dividend.
- Net interest income rose to $122.7 million in Q4, up 6% sequentially and 11% year over year, driven by loan yield and earning asset growth.
- Loan originations jumped about 70% in 2025 versus 2024, with Q4 production ~15% higher than Q3; management says pipelines remain strong entering 2026.
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Freeport-McMoRan Fourth Quarter 2025 Earnings Call - Grasberg restart on track, leach program poised to unlock low‑cost U.S. growth
Freeport reported resilient fourth quarter and full-year 2025 results, despite a roughly 10% volume hit from the September mudflow at Grasberg. Management says cleanup and isolation work have material...
- Grasberg block cave recovery remains on schedule, management targeting startups of Production Blocks 2 and 3 in Q2 2026, with PB2/PB3 mud removal substantially complete.
- Company expects about 85% of Grasberg district production restored in the second half of 2026, with PB1S targeted for mid‑2027 and PB1C timing unresolved and under evaluation.
- Protective cement plugs to isolate PB1C are advanced and expected to be completed in Q1 2026, enabling infrastructure repairs and the phased restart.
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