Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Old Republic International Fourth Quarter 2025 Earnings Call - Specialty growth masks mid-teens commercial auto loss trends, prompting conservative reserve boosts and accelerated pricing
Old Republic closed 2025 with $1.0 billion of consolidated pre-tax operating income and a full-year combined ratio of 94.7%, driven by record specialty results and improving investment marks. Specialt...
- Consolidated pre-tax operating income was $236 million in Q4 2025 versus $285 million a year ago, and $1.0 billion for the full year 2025.
- Consolidated combined ratio was 96.0% in Q4 and 94.7% for the full year 2025, reflecting some margin pressure late in the year.
- Specialty insurance net premiums earned grew 8.3% in Q4 and 10.9% for full year 2025, surpassing $5 billion in premiums for the first time.
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Great Southern Bancorp Fourth Quarter 2025 Earnings Call - NIM Expansion Offsets Swap Loss as Loans Fall 7%
Great Southern posted a resilient quarter, producing $16.3 million in Q4 net income, $1.45 per diluted share, and $71.0 million for full-year 2025, $6.19 per share. Management navigated a tricky reven...
- Q4 net income was $16.3 million, or $1.45 per diluted share, full-year net income $71.0 million, or $6.19 per diluted share.
- Net interest income for Q4 was $49.2 million, down slightly from prior year, driven mainly by the discontinuation of a swap that had contributed about $2 million per quarter.
- Net interest margin expanded to 3.70% in Q4 2025, up from 3.49% a year ago, helped by lower funding costs and redeployment of payoffs into higher-rate loans.
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Preferred Bank Q4 2025 Earnings Call - Profits stay high, margin squeezed by sticky deposit costs and a ~ $120M classified relationship
Preferred Bank posted healthy results in Q4 2025, delivering $34.8 million of quarterly net income, $2.79 per share, and $434 million for the full year, or $10.41 per share. Management says profitabil...
- Q4 net income was $34.8 million, or $2.79 per diluted share; full-year 2025 net income was $434 million, or $10.41 per share.
- Management claims 2025 profitability is among the banking industry’s top tier, but warns of near-term margin pressure.
- Net interest margin slid into December, with December NIM at 3.66%, reflecting the full effect of the December Fed rate cut.
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Heritage Financial Q4 2025 Earnings Call - Margin Momentum, Deposit Growth and Olympic Deal Set to Lift ROA
Heritage delivered a tidy quarter of margin repair and credit stability, while lining up a transformational acquisition. Adjusted EPS and ROA improved as NIM rose to 3.70% and deposit growth plus inve...
- Adjusted diluted EPS rose 18% quarter over quarter and 29% year over year on an adjusted basis, with adjusted ROA improving to 1.29% from 0.99% a year ago.
- Net interest margin expanded to 3.70% in Q4 from 3.64% in Q3 and 3.36% in Q4 2024, driven by asset repricing and deposit cost declines.
- Total loans rose modestly by $14 million in Q4, loan portfolio growth of 5.54% year over year, with adjustable rate repricing and new loan introductions partly offset by rate cuts.
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S&T Bank Q4 2025 Earnings Call - $100M Buyback Approved Amid NIM Rebound and Controlled Credit Resets
S&T Bank closed 2025 with solid returns, a near-4% net interest margin, and a deliberate posture on growth and capital. Q4 produced $34 million of net income, $0.89 EPS, a 3.99% NIM (up 6 bps sequenti...
- Board approved a $100 million share repurchase authorization; company repurchased ~948k shares in Q4 for $36.2 million at an average price of $38.20.
- Q4 net income was $34 million, or $0.89 per share; full-year 2025 net income was about $135 million, $3.49 per share.
- Net interest margin improved to 3.99% in Q4, up 6 basis points sequentially, driven largely by lower cost of funds and tailwinds from maturing receive-fixed swaps and fixed loan repricing.
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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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