Earnings Call Transcripts
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All Earnings Calls
Olin Corporation Q4 2025 Earnings Call - Operational disruptions and rising energy costs drove a miss, but cash flow and Beyond250 cuts buy time
Olin reported a Q4 miss after an extended Freeport turnaround, third-party feedstock constraints and a sharp December drop in chlorine pipeline offtake. Management says these were the dominant drivers...
- Q4 2025 missed expectations driven by an extended Freeport, Texas chlorinated organics turnaround, third-party raw material supply constraints and a late-December collapse in chlorine pipeline demand.
- Management attributes the December chlorine pullback primarily to customer destocking, exacerbating an already seasonally weak quarter; they do not expect a similar December-style drop in Q1 but do not see recovery until warmer months.
- Olin preserved ECU values through a disciplined, value-first commercial approach rather than chasing volume down the cycle.
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Brookfield Renewable Partners Q4 2025 Earnings Call - Positioned for an energy addition era, scaling solar, hydro, nuclear and batteries
Brookfield Renewable reported a strong 2025: FFO per unit of $2.01, record commissioning of over 8 GW, and aggressive capital activity that included the Neoen acquisition and a landmark Westinghouse-U...
- 2025 FFO per unit was $2.01, up 10% year-over-year, with full-year FFO of $1,334 million and Q4 FFO of $346 million ($0.51/unit, +14% YoY).
- Brookfield deployed or committed a record $8.9 billion gross, or $1.9 billion net to BEP, including the privatization of Neoen, the Geronimo carve-out, and increased investment in Isagen.
- Management says the market has shifted from energy transition to energy addition as electrification, industrial activity, and AI drive multi-decade demand growth requiring substantial net new generation.
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Federated Hermes Q4 2025 Earnings Call - Record AUM Fueled by Money Market Surge and MDT Equity Sales
Federated Hermes closed 2025 with record assets under management, roughly $903 billion at year-end and about $909 billion a few days later, driven overwhelmingly by a money market avalanche and a brea...
- Federated Hermes reported record year-end AUM of $903 billion, and managed assets of about $909 billion a few days later.
- Money market assets were the engine, reaching approximately $683 billion, with money market mutual fund assets at about $508 billion and separate accounts up $14 billion in Q4.
- MDT strategies were a breakout, with 2025 gross sales of $19.1 billion and net sales of $13 billion, and Q4 MDT gross sales of $4 billion and net sales of over $2 billion.
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CN Q4 2025 Earnings Call - Productivity and buybacks try to outrun tariff shock, volumes set to be flat in 2026
CN closed 2025 on a disciplined note, squeezing productivity gains and cash generation while warning that macro and trade uncertainty cap near-term upside. Q4 delivered a best-of-year adjusted operati...
- Q4 adjusted EPS rose about 14% year-over-year, while full-year adjusted diluted EPS was $7.63, up 7% versus 2024.
- Q4 adjusted operating ratio was 60.1%, the best quarterly OR in 2025, and full-year adjusted OR improved to 61.7%, a 120 basis point improvement versus 2024.
- Free cash flow for 2025 was $3.3 billion, up 8% year-over-year, driven by cash from operations and tighter capital discipline.
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Ameris Bancorp Fourth Quarter 2025 Earnings Call - Record 2025 Earnings, Capital Returns and Strong Loan Production Despite Elevated CRE Payoffs
Ameris closed 2025 with a clean scoreboard: record net income of $412.2 million and diluted EPS of $6.00, margin expansion and efficiency gains, and an aggressive capital return program that included ...
- Ameris reported record 2025 net income of $412.2 million and diluted EPS of $6.00, a 15% year-over-year EPS increase.
- Q4 net income was $108.4 million, EPS $1.59; Q4 ROA 1.57%, PPNR ROA 2.38%, return on tangible common equity 14.5%.
- Net interest income grew $87.7 million year-over-year (10.3%); Q4 net interest margin expanded to 3.85%, full-year NIM 3.79% from 3.56% in 2024.
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Hilltop Holdings Q4 2025 Earnings Call - Margin Expansion and Buybacks, but Auto-Loan Charge-Offs Highlight Credit Volatility
Hilltop closed 2025 with stronger margins, healthier NII, and an aggressive return-of-capital program, yet the quarter carried a clear reminder that credit can surprise. Full-year net income rose to $...
- Full-year 2025 net income attributable to common stockholders was $165.6 million, or $2.64 per diluted share, a 46% increase versus the prior year; Q4 net income was $41.6 million, $0.69 per diluted share.
- Net interest income grew 7% year-over-year, with Q4 NII of $112.5 million, which included $1.0 million of purchase accounting accretion.
- Net interest margin expanded versus prior year, with PlainsCapital Bank NIM reported at 329 basis points and consolidated NIM up about 30 basis points to 302 basis points year-over-year.
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Aon PLC Q4 2025 Earnings Call - 3x3 Plan and ABS Drive Durable Mid-Single-Digit Growth and Margin Expansion
Aon closed 2025 with clear strategic momentum: two consecutive years of 6% organic revenue growth, margin expansion driven by Aon Business Services (ABS) and AAU restructuring, and stronger cash gener...
- Full-year 2025 organic revenue growth was 6%, matching 2024, with Q4 organic growth of 5% and total revenue of $17.0 billion for the year and $4.3 billion in Q4.
- Adjusted operating margin expanded 90 basis points to 32.4% for the full year and reached 35.5% in Q4, driven by ABS-enabled scale, disciplined expense management, and AAU restructuring savings.
- Adjusted EPS was $17.07 for 2025, up 9% year-over-year, with Q4 adjusted EPS of $4.85, up 10% year-over-year.
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Invesco Mortgage Capital Q4 2025 Earnings Call - GSE Buying and Lower Volatility Lift Agency MBS, Leaving Further Spread Compression Limited
Invesco Mortgage Capital reported a strong Q4 driven by a drop in interest rate volatility and renewed demand from the GSEs, producing an 8% economic return for the quarter and a 3.7% rise in book val...
- Q4 economic return was 8%, and book value per common share rose 3.7% quarter over quarter to $8.72.
- Management increased the quarterly dividend to $0.36 per share.
- Leverage was modestly increased to roughly 7 times, reflecting a constructive investment environment.
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BayFirst Financial Corp Q4 2025 Earnings Call - SBA 7(a) Exit Creates Legacy Charge-offs as Bank Re-centers on Community Banking
BayFirst closed 2025 with a clear reset and some bruises. The bank reported a Q4 net loss of $2.5 million, driven by elevated net charge-offs tied to the wind-down of its SBA 7(a) business. Management...
- Net loss of $2.5 million in Q4 2025, improved from a Q3 2025 net loss of $18.9 million that included a $7.3 million restructuring charge and large provision build.
- Unguaranteed SBA 7(a) loan balances were $171.6 million at December 31, 2025, down about $50.4 million from September 30, 2025, and down $51.4 million year over year.
- Q4 net charge-offs were $4.6 million annualized net charge-offs equaled 1.95% of average loans, up from 1.24% in Q3 2025 and 1.34% in Q4 2024; $4.1 million of Q4 charge-offs were from unguaranteed SBA loans.
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Charter Communications Q4 2025 Earnings Call - Launching Invincible Wi-Fi and $1,000 Savings Guarantee as CapEx Falls and Free Cash Flow Ramps
Charter closed 2025 with clear momentum in mobile and a tactical recovery in video, even as broadband subscriptions remain under pressure. Management leaned hard into product guarantees and service pr...
- Charter added nearly 2 million mobile lines in 2025, a 19% year-over-year increase, and remains the fastest growing mobile provider in the U.S.
- Q4 2025 mobile net adds were 428,000 lines, though holiday device subsidies by major carriers pressured net adds sequentially.
- Internet customers declined by 119,000 in Q4, an improvement versus prior-year ACP-related disconnects; churn improved year-over-year.
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