BWB · BWB Q2 FY2026 earnings call record财报电话会记录

“We continue to build capital through retained earnings during the second quarter as our CET1 ratio increased 8 basis points to 9.61% and is now 58 basis points year-over-year.”

“During the past quarter, we repurchased approximately $700,000 of common stock, taking advantage of a weighted average price of just $18.12 per share.”

“You'll remember that we entered 2026 with a 275 margin in the fourth quarter of 2025 and a goal to achieve a 3% margin by the end of the year.”

“For reference, our net interest margin for the month of June 2026 was 3.08%, compared to 3.07% for the full quarter.”

“Loan yields expanded 10 basis points during the second quarter and are now up 13 basis points year-to-date, given the repricing of our larger fixed-rate portfolio, which makes up 64% of the loan book.”

“We would expect to see some additional loan repricing to support the future margin, as our loan portfolio includes $629 million of fixed-rate loans scheduled to mature over the next 12 months at a weighted average yield of 5.62%, and another $114 million of adjustable-rate loans repricing or maturing at 3.99%.”

“Overall, we generated positive operating leverage in the second quarter as total revenue increased at a 20% annualized pace, while non-interest expense increased at only 13%.”

“Given the higher pace of expense growth in the first half of the year, we expect to be able to hold expenses relatively flat from second quarter levels over the remainder of 2026, with positive operating leverage momentum continuing.”

“As we look to optimize overall profitability, we are targeting a mid to high single-digit pace of loan growth over the rest of 2026.”

“This is an added benefit to our overall profitability given that we expect continued growth in this vertical.”

“We repurchased about 700,000 of common stock at a weighted average price of $18.12.”

“I think when we look at whether it's that ratio or we look at just pure operating leverage, this quarter is a great example where you see revenue growth at a 20% clip and expenses at 13%.”