Timbercreek Financial Corp. (TF) Q3 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Timbercreek Financial Corp..

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.277 As a reminder, today's call is being recorded. 00:00:04.277 -- 00:00:08.062 I would now like to turn the meeting over to Blair Chamberlain. 00:00:08.062 -- 00:00:10.365 Please go ahead. 00:00:10.365 -- 00:00:12.068 Thank you, Operator. 00:00:12.068 -- 00:00:15.393 Good afternoon, everyone. Thanks for joining us to discuss the third quarter financial 00:00:15.393 -- 00:00:20.720 results today. I'm joined as usual by Scott Rowland, CIO, Tracy Johnson, CFO, 00:00:20.720 -- 00:00:25.364 and Jack McTate, Head of Canadian Originations and Global Syndications. 00:00:25.787 -- 00:00:29.915 With respect to portfolio growth, which we've been communicating on regularly, we're 00:00:29.915 -- 00:00:34.501 up by approximately 50 million years to date, with an expectation that will increase 00:00:34.501 -- 00:00:39.568 by year end. Looking at Q3 specifically, transaction activity, while 00:00:39.568 -- 00:00:44.634 solid, was mildly behind our expected pace, as the residual effects of the macro 00:00:44.634 -- 00:00:49.200 uncertainty we discussed in recent quarters continues to play out. 00:00:49.200 -- 00:00:52.505 As Jeff will elaborate on, we're pleased with the pipeline in general, although a few 00:00:52.505 -- 00:00:57.018 material commitments expected to fund in Q3 did push into Q4. 00:00:57.018 -- 00:01:01.606 Combined with a large unexpected repayment, this brought the overall portfolio down modestly 00:01:01.606 -- 00:01:03.689 from Q2. 00:01:03.689 -- 00:01:08.397 The Q3 spillover volume, in conjunction with strong Q4 commitments and additional pipeline 00:01:08.397 -- 00:01:13.185 volume, should still generate the portfolio growth we anticipated for the full year and 00:01:13.185 -- 00:01:17.492 result in higher revenue. To put a fi...