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

“As to total ADC and CRE, as we have shared on previous calls, we continue to have ample capacity to meet the needs of our clients and grow this segment of our portfolio, reflecting funding to total risk-based capital of 51% for ADC and 237% for CRE.”

“Moving forward, we continue to target loan and deposit growth in the mid to high single digits for the year, though we are still tracking towards the higher end of the range.”

“Turning to the income statement, net interest margin expanded 21 basis points during the quarter to 3.92%, substantially exceeding our expectations entering the quarter.”

“We continue to track toward the lower end of our prior non-interest income outlook, resulting in an adjusted outlook for full-year non-interest income growth in the low to mid-single digits with Q4-over-Q4 growth in the low single digits when excluding notable items.”

“Our expense growth outlook remains mid-single digit growth for both the full year and on a Q4-over-Q4 basis after excluding notable items.”

“Turning to capital, we note that Q2 tangible book value grew sequentially to $36.37, the 15th consecutive quarter of growth, and the TCE ratio into the quarter at 11.1%.”

“During Q2, we repurchased 217,034 shares at an average price of $46.60 while maintaining all regulatory capital ratios above well-capitalized levels.”

“Notably, the board increased our share repurchase authorization by $100 million, leaving $121.6 million in remaining authorization.”

“It was about demonstrating that we can consistently produce higher levels of profitability while remaining disciplined in how we grow, how we manage risk, and how we invest in our people and our communities.”

“Our investment in technology and innovations are improving on how we serve our customers and how we operate as an organization.”

“Durbin Amendment impacts us mid-year next year, and that's going to be in the $4 million-$4.5 million range, but we're working feverishly to have other opportunities to replace that.”

“You saw, if you look at our average cash balances, they declined about $400 million during the quarter, which was a pretty meaningful positive impact to net interest margin.”