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

“For the second quarter, we reported GAAP net income of $12.4 million, or $1.52 per share, compared to $11.3 million, or $1.41 per share for Q1.”

“The net interest margin was 358 basis points, an expansion of 30 basis points from the prior quarter, driven by favorable repricing dynamics on both sides of the balance sheet.”

“Total non-performing loans decreased by $3.2 million-$15.9 million, and non-performing assets as a percentage of total assets declined by 10 basis points to 46 basis points.”

“Net interest margin expanded 30 basis points to 3.58%, driven by favorable repricing.”

“Operating leverage continued to build as evidenced by this quarter's 47.5% efficiency ratio, bringing the year-to-date ratio to 51.4%.”

“We now expect loan growth of 5%-7%, and we are raising our full year net interest income outlook to a range of $115 million-$117 million.”

“We affirm our previous full year guidance of $12 million-$13 million for non-interest income.”

“Is that driven by increased activity from existing customers or reaching out to new customers?”

“We don't bring on large quantities of new customers.”

“We're really focused on deepening relationships with existing customers and rinse and repeat asset classes.”

“It's really driven by deepening relationships with our existing customers.”

“Without specifics of what comprises it, in the earnings release we offer, I think as well just now, we said that despite increasing the guide, if you have numbers worked up based on our revenue guidance prior and now current, that we would not expect that to impact the efficiency ratio in a negative manner.”