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Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Hub Group To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Hub Group between April 28, 2023 and May 11, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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New York, New York--(Newsfile Corp. - July 16, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Hub Group, Inc. ("Hub Group" or the "Company") (NASDAQ: HUBG) and reminds investors of the August 28, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Hub Group's financial statements prepared for the periods from Q1 2023 to Q4 2024, including annual reports for 2023 and 2024, contained material misstatements caused by the premature and incorrect recognition of certain transactions concerning, among other things, Hub Group's operating revenue, operating income, revenue recognition, effectiveness of internal controls and procedures, and drivers of financial results and growth; and (2) Hub Group's financial statements prepared for the periods from Q1 2025 to Q3 2025 contained material misstatements caused by the understatement of purchased transportation costs and accounts payable concerning, among other things, Hub Group's operating expenses, purchased transportation and warehousing expenses, operating income, effectiveness of internal disclosure controls and procedures, and drivers of financial results and growth.

On February 5, 2026, Hub Group announced that the Company's financial statements for the first three quarters of 2025 should not be relied upon and would be restated due to "an error that resulted in the understatement of purchased transportation costs and accounts payable in the first nine months of 2025." The Company revealed that its reports for those quarters "were in each case materially misstated due to the aforementioned error and should no longer be relied upon" and that "the Company [wa]s also continuing to assess the effectiveness of its disclosure controls and procedures and internal control over financial reporting and appropriate remediation steps." The Company also estimated that "[t]he total amount of the reduction to accounts payable and purchased transportation costs related to this issue that was recorded during these periods is $77 million."

This news caused the price of Hub Group stock to decline roughly 18%, from $51.33 per share at close on February 5, 2026, to $41.96 per share at close on February 6, 2026.

On May 12, 2026, Hub Group announced that it had "identified certain transactions that were prematurely or incorrectly recognized or not adequately supported," causing its 2023 and 2024 annual reports filed with the SEC to be "materially misstated," such that they "should no longer be relied upon." The Company did not quantify the expected misstatement, although it "expect[ed] to conclude that it did not maintain effective disclosure controls and procedures and internal control over financial reporting for each of the years ended December 31, 2024 and 2023."

This news caused the price of Hub Group stock to decline a further 13%, from $41.86 per share at close on May 11, 2026, to $36.62 per share at close on May 12, 2026.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Hub Group's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Hub Group class action, go to www.faruqilaw.com/HUBG or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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Frequently Asked Questions (FAQ) for Investors Regarding the Hub Group Securities Class Action Lawsuit:

What is the Hub Group securities fraud lawsuit about?

The lawsuit alleges Hub Group made misleading statements about revenue recognition, transportation costs, accounts payable, internal controls, and financial reporting, causing multiple financial statements to contain material accounting misstatements.

Who may be eligible to participate in the lawsuit?

Investors who purchased or acquired Hub Group (NASDAQ: HUBG) securities between April 28, 2023 and May 11, 2026 may be eligible to participate if they suffered losses related to the alleged misconduct.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff represents the proposed class and helps oversee the litigation. Eligible investors must file a motion with the court by August 28, 2026. Investors can share in any recovery without serving as lead plaintiff.

What should investors do if they purchased Hub Group stock during the Class Period?

Investors should review their trading records, preserve relevant documents, and evaluate their legal rights. Those who suffered losses may wish to consult counsel regarding participation in the lawsuit or seeking lead plaintiff status before the deadline.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for clients. The firm can evaluate your potential claims and explain your legal options at no upfront cost.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305335

Source: Faruqi & Faruqi LLP

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Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Insulet To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Insulet between February 21, 2025 and May 26, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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New York, New York--(Newsfile Corp. - July 16, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Insulet Corporation ("Insulet" or the "Company") (NASDAQ: PODD) and reminds investors of the August 31, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (i) Insulet's manufacturing controls and procedures were defective; (ii) the foregoing created a foreseeable heightened risk that one or more Insulet products would be found to be in violation of applicable safety regulations and/or pose a risk of injury; and (iii) as a result, Defendants' public statements were materially false and misleading at all relevant times.

The truth began to emerge on March 12, 2026, when Insulet disclosed that it had "initiated a voluntary Medical Device Correction for specific lots of Omnipod® 5 Pods after identifying a manufacturing issue through its ongoing product monitoring."

On this news, Insulet's stock price fell $16.23 per share, or 6.88%, to close at $219.84 per share on March 13, 2026.

Then, on May 26, 2026, Insulet disclosed the "initat[ion]" of another "voluntary Medical Device Correction", this time "for specific lots of Omnipod® 5, Omnipod Dash®, and Omnipod® Insulin Management System (Omnipod Eros) Pods due to a manufacturing issue, identified through ongoing product monitoring, that could result in insulin under-delivery."

On this news, Insulet's stock price fell $7.79 per share, or 5.07%, to close at $146.01 per share on May 27, 2026.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Insulet's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Insulet class action, go to www.faruqilaw.com/PODD or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Frequently Asked Questions (FAQ) for Investors Regarding the Insulet Securities Class Action Lawsuit:

What is the Insulet securities fraud lawsuit about?

Faruqi & Faruqi, LLP has filed a securities class action lawsuit against Insulet Corporation (NASDAQ: PODD) on behalf of investors who purchased Insulet securities during the Class Period. The lawsuit alleges that Insulet's manufacturing controls and procedures were defective, and that this deficiency allegedly created a foreseeable, heightened risk that one or more Insulet products would be found to violate applicable safety regulations or pose a risk of injury to patients. The complaint further alleges that, as a result, Insulet's public statements during the Class Period were materially false and misleading. The alleged truth began to emerge through two separate voluntary Medical Device Corrections disclosed by Insulet in March and May 2026, each involving manufacturing issues with specific lots of Omnipod® products, which were followed by significant declines in Insulet's stock price.

Who may be eligible to participate in the lawsuit?

Investors who purchased or otherwise acquired Insulet Corporation (NASDAQ: PODD) securities on the NASDAQ exchange between February 21, 2025 and May 26, 2026, inclusive, may be eligible to participate in this lawsuit. Eligibility to participate is not limited to those who seek appointment as lead plaintiff; any investor who purchased during the Class Period may be entitled to share in any recovery that may be obtained. Investors are encouraged to review their trading records to determine whether their purchases fall within the defined Class Period. Additional eligibility considerations may apply, and investors are advised to consult with counsel to evaluate their specific circumstances.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff is a court-appointed representative party who acts on behalf of all class members in directing the litigation, including making key decisions regarding litigation strategy, selection of counsel, and settlement negotiations. Under the Private Securities Litigation Reform Act, any member of the proposed class may move the court for appointment as lead plaintiff, and the court will generally appoint the movant with the largest financial interest in the relief sought who otherwise satisfies applicable legal requirements. The deadline to file a motion seeking appointment as lead plaintiff in this action is August 31, 2026. Importantly, investors are not required to seek appointment as lead plaintiff in order to participate in the class or share in any recovery that may result from the litigation.

What should investors do if they purchased Insulet stock during the Class Period?

Investors who purchased Insulet Corporation (NASDAQ: PODD) securities between February 21, 2025 and May 26, 2026 are encouraged to review their brokerage and trading records to confirm whether their purchases fall within the Class Period. Investors should take steps to preserve all relevant documentation, including trade confirmations, account statements, and any communications related to their Insulet holdings. Given that the lead plaintiff motion deadline is August 31, 2026, investors who wish to be considered for appointment as lead plaintiff should act promptly to avoid missing that deadline. Investors interested in learning more about the lawsuit or their potential legal rights and options may contact Faruqi & Faruqi, LLP to discuss their circumstances prior to the deadline, though retaining counsel or seeking lead plaintiff status is not required to participate in any potential class recovery.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Insulet securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305336

Source: Faruqi & Faruqi LLP

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SUGAR LAND, Texas--(BUSINESS WIRE)--CVR Energy, Inc. (NYSE: CVI) plans to release its second quarter 2026 earnings results on Wednesday, July 29, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Thursday, July 30, at 1 p.m. Eastern to discuss these results. This call, which will contain forward-looking information, will be webcast live and can be accessed on the Investor Relations section of CVR Energy's website at www.CVREnergy.com.

90% of respondents say they need identity-management improvements to address AI-related risks, including the surge of non-human identities gaining always-on access to corporate data

, /PRNewswire/ -- Commvault (NASDAQ: CVLT), a leader in unified resilience at enterprise scale, today announced findings from the IDC White Paper, Resilience Operations: The Discipline that Makes Readiness Provable, July 2026, sponsored by Commvault, that reveal a gap between the rapid pace of AI adoption and the identity resilience capabilities needed to support it. In tandem, the company also announced the IDC Cyber Readiness Assessment, sponsored by Commvault, an interactive tool that organizations can use to evaluate resilience preparedness for an AI-driven future.

The research was conducted among 539 IT and resilience decision makers in North America, of which approximately 85% have experienced a cyber incident. It found that 90% of respondents believe they need to improve identity-management capabilities to address risks introduced by agentic AI systems. Identity management is a discipline of controlling and governing digital identities, including both human and agent identities, and their access to systems and data across their lifecycle – from creation to decommissioning.

As more organizations deploy agents in volume, the rise in non-human identities – many of which have always-on access and can multiply on demand – may rapidly outnumber human identities. Nearly two-thirds of respondents (58.7%) say significant improvements or a complete overhaul of their identity-management approach is required.

The research also found that:

Among respondents, 26.7% have dynamic role-based access control (RBAC) supporting AI and analytics. Also, 24.7% of respondents have documented and tested their Active Directory and Entra ID capabilities. Almost all (98.4%) respondents expressed the need for better collaboration between the teams responsible for IT and security. Additionally, 49.7% say major improvements are needed. "AI is fundamentally changing how organizations operate, make decisions, and manage risk," said Vidya Shankaran, Field CTO, Commvault. "But many organizations are discovering that the systems designed to govern people are not prepared to govern a growing population of AI agents, machine identities, and autonomous workflows. Identity is a critical Tier 0 application and has a pivotal role to play in an organization's confidence in a clean recovery."

Minimum Viability Awareness is Lacking
The research also points to a broader resilience challenge. More than half of the organizations surveyed (57.7%) have not fully defined their Minimum Viable Business (MVB). At the same time, many continue to face gaps in recovery orchestration, cleanroom capabilities, and cyber-resilience readiness.

To address these challenges, there is a growing need for Resilience Operations (ResOps), an emerging operational discipline that continuously brings together business, security, infrastructure, data protection, and recovery teams around a common objective: maintaining business operations and accelerating recovery in the face of disruption.

"IDC predicts that ResOps will mature from an emerging discipline into a mainstream enterprise capability over the next three to five years," said Frank Dickson, Group Vice President for IDC's Security & Trust research practice. "Organizations that build the governance structures, technical capabilities, and testing disciplines now, before the next major incident, will be better positioned to absorb disruption, protect their customers, and sustain competitive operations in an increasingly hostile threat environment."

Putting Readiness to the Test
To help businesses better understand their current preparedness state, IDC's Cyber Readiness Assessment, sponsored by Commvault, will enable organizations to evaluate their cyber resilience maturity and identify areas where identity, protection, detection, response, and recovery capabilities may require improvement. The assessment is based on the same maturity framework developed through the research and provides participants with a personalized readiness profile.

Methodology
IDC surveyed 539 North American enterprise organizations. Eighty percent of respondents were from the United States, and the remaining 20% in Canada. All respondents were either senior IT decision makers or C-level leaders with extensive knowledge of their organization's resilience posture and strategy.

More Details and Availability
Findings are detailed in the IDC White Paper, Resilience Operations: The Discipline that Makes Readiness Provable, sponsored by Commvault (Doc #US54630626, July 2026). The Cyber Readiness Assessment and white paper are available here. The Cyber Readiness Assessment tool will be available in the coming months.

About Commvault
Commvault (NASDAQ: CVLT) is a leader in unified resilience at enterprise scale. In a constantly evolving threat landscape, Commvault keeps customers ready by unifying data security, identity resilience, and cyber recovery, on one cloud-native, AI-enabled platform. Customers trust Commvault to conduct the fastest, most complete recoveries – not just their data, but their entire business. Purpose-built for the agentic enterprise, Commvault also enables organizations to safely embrace AI while protecting against AI-driven threats.

SOURCE COMMVAULT

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Alnylam Pharmaceuticals, Inc. (Nasdaq: ALNY), the leading RNAi therapeutics company, announced today that it will report financial results for the second quarter ending June 30, 2026 on Thursday, July 30, 2026, before the U.S. financial markets open. Management will provide an update on the Company and discuss second quarter 2026 results as well as expectations for the future via conference call on Thursday, July 30, 2026 at 8:30 am ET. A live audio webcast of.

U.S. Bancorp notched record second-quarter revenue due to to strong loan growth, broad momentum on fees and a one-month boost from the recent acquisition of financial-services firm BTIG.

Second Quarter 2026 Highlights

Net income for the second quarter of 2026 was $13.1 million, compared to $12.0 million in the prior quarter and $10.4 million in the second quarter of 2025.Net income for the second quarter of 2026 represents a return on average assets of 1.99% and a return on average tangible common equity(1) of 18.90%.Diluted earnings per share for the second quarter of 2026 was $2.27, compared to $2.07 in the prior quarter and $1.77 in the second quarter of 2025.Core deposits were $2.33 billion as of June 30, 2026, an increase of $6.8 million or 0.3% from March 31, 2026, and an increase of $260.8 million or 12.6% from June 30, 2025.Total deposits were $2.38 billion as of June 30, 2026, an increase of $6.5 million or 0.3% from March 31, 2026, which included a reduction in brokered deposits of $0.2 million.Total cost of deposits was 1.63% for the second quarter of 2026, a decrease from 1.67% in the prior quarter and 2.08% in the second quarter of 2025, an improvement of 2.5% quarter over quarter and 21.7% year over year. The spot rate for total deposits was 1.65% as of June 30, 2026, compared to 1.55% at March 31, 2026 as a result of deposit mix changes. Total cost of funding sources was 1.68% for the second quarter of 2026, a decrease from 1.73% in the prior quarter and 2.14% in the second quarter of 2025.Loans held-for-investment (“HFI”) totaled $2.13 billion as of June 30, 2026, a decrease of $8.2 million or 0.4% from March 31, 2026.Investment securities available-for-sale (“AFS”) were $237.1 million as of June 30, 2026, an increase of $16.2 million or 7.3% since March 31, 2026, and an increase of $48.3 million or 25.6% from June 30, 2025, primarily as a result of new securities purchased.Net interest margin was 5.18% for the second quarter of 2026, compared to 5.21% in the prior quarter and 4.94% in the second quarter of 2025.For the second quarter of 2026, a provision reversal of $0.2 million was recorded, compared to a provision expense of $2.0 million for the prior quarter and a provision expense of $1.3 million for the second quarter of 2025. The allowance for loan losses was 1.43% of loans HFI as of June 30, 2026 compared to 1.41% at March 31, 2026.As of June 30, 2026, criticized loans totaled $58.0 million, or 2.72% of total loans, down from $68.3 million, or 3.19% of total loans at March 31, 2026.Tangible book value per share(1) was $49.57 as of June 30, 2026, an increase of $2.19 since March 31, 2026 primarily as a result of strong earnings.Filing of the Company’s Registration Statement on Form 10 (the “Registration Statement”) pursuant to the Securities Exchange Act of 1934, as amended, in connection with strategic decision to pursue a listing on the NASDAQ Global Select Market (“NASDAQ”). LA JOLLA, Calif., July 16, 2026 (GLOBE NEWSWIRE) -- Private Bancorp of America, Inc. (OTCQX: PBAM), (“Company”) and CalPrivate Bank (“Bank”) announced unaudited financial results for the second fiscal quarter ended June 30, 2026. The Company reported net income of $13.1 million, or $2.27 per diluted share, for the second quarter of 2026, compared to $12.0 million, or $2.07 per diluted share, in the prior quarter, and $10.4 million, or $1.77 per diluted share, in the second quarter of 2025.

Rick Sowers, President and Chief Executive Officer of the Company and the Bank stated, “The second quarter of 2026 reflects continued strong earnings, a strong net interest margin that remained above 5%, and solid seasonal deposit trends. Credit metrics improved in the quarter, with declines in both non-performing assets and past-due loans. Loan production was solid, with strong origination volume mostly offsetting elevated maturities and prepayments, resulting in a modest decline in loan balances. We operate in competitive markets and spreads on new originations are compressed. While the goal continues to be organic growth, we remain disciplined in how we lend.”

Sowers added, “We made significant investments in new roles and team members during the first half of the year, including a Chief Operating Officer, General Counsel, and a senior leader in Data and AI, to name a few. These investments reflect the Company’s commitment to scaling the business, focusing on delivering our Distinctively DifferentTM Service to our Clients, delivering long-term shareholder value, and preparing to be a public reporting company.”

“Once again, our team produced superior quarterly profitability while investing in human capital, technology, and the professional fees related to the Board’s intention to transfer the Company’s common stock listing to NASDAQ,” said Selwyn Isakow, Chairman of the Board of the Company and the Bank. “The planned uplisting is subject to the satisfaction of all applicable initial listing requirements, including NASDAQ’s final approval of the listing. Moving to NASDAQ marks a pivotal milestone for our company. We believe this transition will enhance our credibility, expand access to capital, improve market visibility and liquidity, reinforce our ability to attract and retain exceptional talent as we continue to grow, and provide additional flexibility when pursuing accretive strategic growth opportunities. We believe these advantages will better position us to execute our long-term growth strategy and create sustainable long-term value for shareholders.”

STATEMENT OF INCOME

Net Interest Income

Net interest income for the second quarter of 2026 totaled $33.5 million, an increase of $0.9 million or 2.9% from the prior quarter and an increase of $3.4 million or 11.4% from the second quarter of 2025. The increase from the prior quarter was driven by a $1.0 million increase in interest income, primarily reflecting higher interest loan income, partially offset by a modest increase in interest expense.

Net Interest Margin

Net interest margin (“NIM”) for the second quarter of 2026 was 5.18%, compared to 5.21% for the prior quarter and 4.94% in the second quarter of 2025. The decrease of 3 basis points (bps) in the NIM from the prior quarter included a decrease in prepayment penalties (-7 bps) and the absence of a special FHLB stock dividend recorded in the prior quarter (-5 bps), partially offset by an increase in net nonaccrual interest recognized (+8 bps). The yield on interest-earning assets was 6.70% for the second quarter of 2026 compared to 6.77% for the prior quarter, and the cost of interest-bearing liabilities was 2.32% for the second quarter of 2026 compared to 2.39% in the prior quarter. The cost of total deposits was 1.63% for the second quarter of 2026 compared to 1.67% in the prior quarter. The cost of core deposits, which excludes brokered deposits, was 1.57% in the second quarter of 2026 compared to 1.60% in the prior quarter and 1.94% for the second quarter of 2025. The spot rate for total deposits was 1.65% as of June 30, 2026, compared to 1.55% at March 31, 2026 as a result of deposit mix changes.

Provision for Credit Losses

A credit loss provision reversal of $0.2 million was recorded for the second quarter of 2026, compared to a $2.0 million provision expense in the prior quarter and a $1.3 million provision expense in the second quarter of 2025. The provision for loans HFI for the second quarter of 2026 was a $0.1 million provision reversal, primarily reflecting $0.3 million of net recoveries and lower delinquencies within the collectively evaluated loan portfolio, partially offset by higher reserves for individually evaluated loans. For more details, please refer to the “Asset Quality” section below.

Noninterest Income

Noninterest income was $1.0 million for the second quarter of 2026, compared to $1.9 million in the prior quarter and $1.7 million in the second quarter of 2025. U.S. Small Business Administration (“SBA”) loans totaling $3.4 million were sold during the second quarter of 2026 with a 10.50% average trade premium, and we also recognized a premium reimbursement of $0.2 million, resulting in a net gain on sale of $4 thousand, compared with sales of $16.2 million with a 10.31% average trade premium resulting in a net gain on sale of $0.9 million in the prior quarter.

Noninterest Expense

Noninterest expense was $16.9 million for the second quarter of 2026, compared to $15.7 million in the prior quarter and $15.7 million in the second quarter of 2025. The efficiency ratio(1) was 48.81% for the second quarter of 2026, compared to 45.39% in the prior quarter and 49.27% in the second quarter of 2025. The increase in the efficiency ratio from the prior quarter primarily reflected a $0.9 million decrease in noninterest income and a $1.2 million increase in noninterest expense, partially offset by a $0.9 million increase in net interest income. The increase in noninterest expense primarily reflected higher professional services related, in part, to our initiative to become an SEC reporting company and have the Company’s common stock listed on NASDAQ.

The Company continues to invest in people, processes and technology to scale the business. Inflationary pressures and low unemployment continue to contribute to upward pressure on wages, as well as increased costs related to third-party service providers, which we proactively monitor and manage.

Provision for Income Tax Expense

Provision for income tax expense was $4.8 million for the second quarter of 2026, compared to $4.8 million for the prior quarter. The effective tax rate for the second quarter of 2026 was 26.7%, compared to 28.6% in the prior quarter and 29.7% in the second quarter of 2025. The decrease in the effective tax rate was primarily driven by discrete tax benefits associated with equity compensation.

STATEMENT OF FINANCIAL CONDITION

As of June 30, 2026, total assets were $2.71 billion, an increase of $14.4 million since March 31, 2026. The increase in assets from the prior quarter primarily reflected a $16.2 million increase in AFS securities, a $4.7 million increase in other assets (primarily reflecting a $5.1 million increase in other real estate owned) and a $3.4 million increase in cash and due from banks, partially offset by an $8.2 million decrease in loans held for investment. AFS securities were $237.1 million as of June 30, 2026, an increase of $16.2 million or 7.3% since March 31, 2026, primarily as a result of new securities purchased. As of June 30, 2026, the net unrealized loss on the AFS securities portfolio, which is comprised primarily of U.S. government agency mortgage-backed securities, was $8.9 million (pre-tax) compared to a loss of $7.9 million (pre-tax) as of March 31, 2026. The average duration of the Bank’s AFS portfolio is 4.0 years. The Company has no held-to-maturity securities. Loans HFI totaled $2.13 billion as of June 30, 2026, a decrease of $8.2 million since March 31, 2026, primarily reflecting lower SBA 504, owner-occupied CRE and C&I balances, partially offset by increases in investor-owned CRE, single-family-secured and multifamily loans.

Total deposits were $2.38 billion as of June 30, 2026, an increase of $6.5 million since March 31, 2026. During the quarter, core deposits increased by $6.8 million, as a $79.4 million increase in interest-bearing core deposits (including balances in the IntraFi ICS and CDARS programs) was partially offset by a $72.6 million decrease in noninterest-bearing core deposits. Noninterest-bearing deposits represented 28.4% of total core deposits. Brokered deposits decreased by $0.2 million since March 31, 2026. Uninsured deposits, net of collateralized and fiduciary deposit accounts, represent 53.8% of total deposits as of June 30, 2026.

As of June 30, 2026, total available liquidity was $2.4 billion or 190.8% of uninsured deposits, net of collateralized and fiduciary deposits. Total available liquidity is comprised of $525 million of on-balance sheet liquidity (cash and investment securities) and $1.9 billion of unused borrowing capacity.

Asset Quality and Allowance for Credit Losses (ACL)

As of June 30, 2026, the allowance for loan losses was $30.5 million or 1.43% of loans HFI, compared to $30.2 million or 1.41% of loans HFI as of March 31, 2026. The coverage ratio increased compared to the prior quarter primarily due to higher reserves on individually evaluated loans. Nonperforming assets were 1.50% of total assets as of June 30, 2026 compared to 1.60% as of March 31, 2026. The reserve for unfunded commitments was $0.5 million as of June 30, 2026, compared to $0.7 million as of March 31, 2026.

At June 30, 2026, criticized loans totaled $58.0 million, or 2.72% of total loans, down from $68.3 million, or 3.19% of total loans at March 31, 2026, of which classified loans were $51.0 million and $59.5 million, respectively. The June 30, 2026 classified balance consisted of 47 loans: 36 real estate secured loans totaling $42.6 million and a 61.6% weighted-average LTV; and 11 commercial and industrial loans totaling $8.4 million.

As of June 30, 2026, nonaccrual loans were $26.9 million. Specific reserves of $1.8 million were held against nonaccrual loan balances of $5.8 million. The remaining nonaccrual balances were supported by collateral values in excess of loan balances.

As of June 30, 2026, nonperforming assets were $40.5 million, or 1.50% of total assets, a decrease of $2.6 million from $43.2 million, or 1.60% of total assets, at March 31, 2026, driven by a $7.7 million decrease in nonaccrual loans partially offset by a $5.1 million increase in other real estate owned.

Capital Ratios (2)

The Bank’s capital ratios were in excess of the levels established for “well capitalized” institutions and are as follows:

 June 30, 2026(2)March 31, 2026CalPrivate Bank  Tier I leverage ratio11.52%11.29%Tier I risk-based capital ratio13.61%12.95%Total risk-based capital ratio14.86%14.20%
(2) June 30, 2026 capital ratios are preliminary and subject to change.

Private Bancorp of America, Inc. Announces Intent to Uplist to NASDAQ Global Market

The Company has filed the Registration Statement with the U.S. Securities and Exchange Commission (the “SEC”) in connection with its planned uplisting of the Company’s common stock to NASDAQ. The Registration Statement has not been declared effective by the SEC. The Registration Statement will become effective following conclusion of the SEC’s review of the Registration Statement and approval by NASDAQ of our listing application. The Company’s common stock will continue to trade on the OTCQX market under the ticker symbol “PBAM” until the Company is able to uplist to NASDAQ. Subject to NASDAQ’s approval of our listing application, we will continue to trade under the ticker symbol “PBAM”. We expect the uplisting to occur, subject to the receipt of the requisite SEC and NASDAQ approvals, during third quarter of 2026.

Share Repurchases Authorized

During the quarter, the Company's Board of Directors authorized a stock repurchase program, whereby the Company may repurchase an aggregate amount of up to $10.0 million shares of its common stock, or approximately 2.3% of its outstanding shares of common stock. To date, no shares of the Company’s common stock were repurchased under the plan.

About Private Bancorp of America, Inc. (OTCQX: PBAM)

PBAM is the holding company for CalPrivate Bank, which operates offices in Coronado, San Diego, La Jolla, Newport Beach, El Segundo, Beverly Hills, and Montecito, as well as through efficient digital banking services. CalPrivate Bank is driven by its core values of building client Relationships based on superior funding Solutions, unparalleled Service, and mutual Trust. The Bank caters to high-net-worth individuals, professionals, closely held businesses, and real estate entrepreneurs, delivering a Distinctly Different® personalized banking experience while leveraging cutting-edge technology to enhance our clients’ evolving needs. CalPrivate Bank is in the top tier of customer service survey ratings in the nation, scoring almost 3x higher than the median domestic bank. The Bank offers comprehensive deposit and treasury services, rapid and creative loan options including various portfolio and government-guaranteed lending programs, and innovative, unique technologies that drive enhanced client performance. CalPrivate Bank has been recognized by Bank Director's RankingBanking® as the 10th best bank in the country and the #1 bank in its asset class for both return on assets (ROA) and return on equity (ROE). CalPrivate Bank was also ranked in the top 5% of banks in the U.S. with assets between $2B and $10B by American Banker. Additionally, CalPrivate Bank is a Bauer Financial 5-star rated bank, an SBA Preferred Lender, and has been honored as Community Bank 504 Lender of the Year by the NADCO Community Impact Awards, exemplifying excellence in the banking industry. These prestigious rankings highlight the Bank’s commitment to delivering exceptional banking services and setting new industry standards.

CalPrivate Bank’s website is www.calprivate.bank.

Non-GAAP Financial Measures

This press release contains certain non-GAAP financial measures in addition to results presented in accordance with GAAP, including efficiency ratio, pretax pre-provision net revenue, average tangible common equity, tangible book value per share and return on average tangible common equity. The Company uses certain non-GAAP financial measures to provide meaningful supplemental information regarding the Company's results of operations and financial condition and to enhance investors’ overall understanding of such results of operations and financial condition, to permit investors to effectively analyze financial trends of our business activities, and to enhance comparability with peers across the financial services sector. These non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures prepared in accordance with GAAP and should be read in conjunction with the Company’s GAAP financial information. A reconciliation of the most comparable GAAP financial measures to non-GAAP financial measures is included in the accompanying financial tables.

Investor Relations Contacts

Rick Sowers
President and Chief Executive Officer
Private Bancorp of America, Inc., and CalPrivate Bank
(424) 303-4894

Cory Stewart
Executive Vice President and Chief Financial Officer
Private Bancorp of America, Inc., and CalPrivate Bank
(206) 293-3669

Forward-Looking Statements

This communication contains expressions of expectations, both implied and explicit, that are “forward-looking statements” within the meaning of such term in the Private Securities Litigation Reform Act of 1995. We caution you that a number of important factors could cause actual results to differ materially from those in the forward-looking statements. These factors include the effects of depositors withdrawing funds unexpectedly, counterparties being unable to provide liquidity sources that we believe should be available, loan losses, economic conditions and competition in the geographic and business areas in which the Company operates, including competition in lending and deposit acquisition, the unpredictability of fee income from participation in SBA loan programs, liquidations and mergers in our markets and nationally, our ability to successfully integrate and develop business through the addition of new personnel, whether our efforts to expand loan, product and service offerings will prove profitable, system failures and data security, whether we can effectively secure and implement new technology solutions, inflation, fluctuations in interest rates, legislation and governmental regulation, and the risk that the Company may not be able to complete its uplisting to NASDAQ. You should not place undue reliance on forward-looking statements, and we undertake no obligation to update those statements whether as a result of changes in underlying factors, new information, future events or otherwise. These factors could cause actual results to differ materially from what we anticipate or project. You should not place undue reliance on any such forward-looking statement, which speaks only as of the date on which it was made. Although we believe in good faith the assumptions and bases supporting our forward-looking statements to be reasonable, there can be no assurance that those assumptions and bases will prove accurate.

PRIVATE BANCORP OF AMERICA, INC.
CONSOLIDATED BALANCE SHEET
(Unaudited)
(Dollars in thousands)            Jun 30, 2026  Mar 31, 2026  Jun 30, 2025 Assets         Cash and due from banks $32,211  $26,135  $26,215 Interest-bearing deposits in other financial institutions  22,275   24,078   14,715 Interest-bearing deposits at Federal Reserve Bank  245,869   246,788   99,689 Total cash and due from banks  300,355   297,001   140,619 Interest-bearing time deposits with other institutions  4,344   4,326   4,270 Investment debt securities available for sale  237,074   220,908   188,821 Loans held for sale  -   596   8,826 Loans, net of deferred fees and costs and unaccreted discounts  2,132,724   2,140,964   2,081,063 Allowance for loan losses  (30,462)  (30,236)  (28,178)Loans held-for-investment, net of allowance  2,102,262   2,110,728   2,052,885 Federal Home Loan Bank stock, at cost  11,251   10,652   10,652 Operating lease right of use assets  6,733   7,196   7,254 Premises and equipment, net  2,525   2,678   2,213 Servicing assets, net  1,717   1,957   1,964 Accrued interest receivable  8,248   8,773   8,624 Other assets  33,793   29,111   28,752 Total assets $2,708,302  $2,693,926  $2,454,880           Liabilities and Shareholders' Equity         Liabilities         Noninterest bearing $663,200  $735,802  $601,473 Interest bearing  1,718,037   1,638,893   1,561,407 Total deposits  2,381,237   2,374,695   2,162,880 FHLB borrowings  8,000   8,000   11,000 Other borrowings  17,979   17,978   17,972 Accrued interest payable and other liabilities  15,570   20,521   16,089 Total liabilities  2,422,786   2,421,194   2,207,941           Shareholders' equity         Common stock  78,214   78,053   76,398 Additional paid-in capital  4,264   3,992   4,009 Retained earnings  209,263   196,247   172,849 Accumulated other comprehensive (loss) income, net  (6,225)  (5,560)  (6,317)Total shareholders' equity  285,516   272,732   246,939 Total liabilities and shareholders' equity $2,708,302  $2,693,926  $2,454,880  PRIVATE BANCORP OF AMERICA, INC.
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(Dollars in thousands, except per share amounts)
         For the three months ended  Year to Date   Jun 30, 2026  Mar 31, 2026  Jun 30, 2025  Jun 30, 2026  Jun 30, 2025 Interest Income               Loans $39,038  $37,967  $38,004  $77,005  $74,569 Investment securities  2,384   2,661   1,800   5,045   3,305 Deposits in other financial institutions  1,953   1,785   2,184   3,738   4,382 Total interest income  43,375   42,413   41,988   85,788   82,256                 Interest Expense               Deposits  9,413   9,360   11,376   18,773   23,275 Borrowings  417   444   499   861   1,136 Total interest expense  9,830   9,804   11,875   19,634   24,411                 Net interest income  33,545   32,609   30,113   66,154   57,845 Provision for credit losses  (204)  2,019   1,293   1,815   1,592 Net interest income after provision for credit losses  33,749   30,590   28,820   64,339   56,253                 Noninterest income:               Service charges on deposit accounts  533   544   591   1,077   1,148 Net gain on sale of loans  4   907   523   911   992 Other noninterest income  464   484   616   948   1,203 Total noninterest income  1,001   1,935   1,730   2,936   3,343                 Noninterest expense:               Compensation and employee benefits  11,142   10,811   10,319   21,953   20,067 Occupancy and equipment  876   858   840   1,734   1,684 Data processing  1,491   1,369   1,396   2,860   2,722 Professional services  1,061   610   939   1,671   1,447 Other expenses  2,293   2,032   2,195   4,325   3,824 Total noninterest expense  16,863   15,680   15,689   32,543   29,744 Income before provision for income taxes  17,887   16,845   14,861   34,732   29,852 Provision for income taxes  4,769   4,818   4,412   9,587   8,841 Net income $13,118  $12,027  $10,449  $25,145  $21,011 Net income available to common shareholders $13,018  $11,942  $10,361  $24,960  $20,834                 Earnings per share               Basic earnings per share $2.29  $2.10  $1.80  $4.39  $3.63 Diluted earnings per share $2.27  $2.07  $1.77  $4.34  $3.57                 Average shares outstanding  5,681,165   5,694,148   5,754,872   5,687,621   5,744,836 Diluted average shares outstanding  5,741,395   5,773,819   5,837,537   5,757,609   5,830,897  PRIVATE BANCORP OF AMERICA, INC.
Consolidated average balance sheet, interest, yield and rates
(Unaudited)
(Dollars in thousands)
      For the three months ended   Jun 30, 2026  Mar 31, 2026  Jun 30, 2025   
Average Balance  Interest  
Average Yield/Rate  
Average Balance  Interest  
Average Yield/Rate  
Average Balance  Interest  
Average Yield/Rate Interest-Earnings Assets                           Deposits in other financial institutions $206,162  $1,953   3.80% $184,847  $1,785   3.92% $191,701  $2,184   4.57%Investment securities  241,093   2,384   3.96%  230,033   2,661   4.63%  182,772   1,800   3.94%Loans, including LHFS  2,148,935   39,038   7.29%  2,125,318   37,967   7.24%  2,069,415   38,004   7.37%Total interest-earning assets  2,596,190   43,375   6.70%  2,540,198   42,413   6.77%  2,443,888   41,988   6.89%Noninterest-earning assets  46,930         53,274         43,336       Total Assets $2,643,120        $2,593,472        $2,487,224                                   Interest-Bearing Liabilities                           Interest bearing DDA, excluding brokered  293,170   319   0.44%  297,364   576   0.79%  242,929   814   1.34%Savings & MMA, excluding brokered  1,114,162   6,765   2.44%  1,057,767   6,278   2.41%  1,002,820   7,130   2.85%Time deposits, excluding brokered  213,426   1,818   3.42%  216,661   1,852   3.47%  218,900   2,097   3.84%Total deposits, excluding brokered  1,620,758   8,902   2.20%  1,571,792   8,706   2.25%  1,464,649   10,041   2.75%Total brokered deposits  49,514   511   4.14%  61,950   654   4.28%  120,935   1,335   4.43%Total Interest-Bearing Deposits  1,670,272   9,413   2.26%  1,633,742   9,360   2.32%  1,585,584   11,376   2.88%                            FHLB advances  8,000   83   4.16%  10,333   110   4.32%  12,868   139   4.33%Other borrowings  17,981   334   7.45%  17,976   334   7.54%  17,973   360   8.03%Total Interest-Bearing Liabilities  1,696,253   9,830   2.32%  1,662,051   9,804   2.39%  1,616,425   11,875   2.95%                            Noninterest-bearing deposits  649,135         640,076         609,760       Total Funding Sources  2,345,388   9,830   1.68%  2,302,127   9,804   1.73%  2,226,185   11,875   2.14%                            Noninterest-bearing liabilities  17,583         19,472         18,804       Shareholders' equity  280,149         271,873         242,235                                   Total Liabilities and Shareholders' Equity $2,643,120        $2,593,472        $2,487,224                                   Net interest income/spread    $33,545   5.02%    $32,609   5.04%    $30,113   4.75%Net interest margin        5.18%        5.21%        4.94% PRIVATE BANCORP OF AMERICA, INC.
Consolidated average balance sheet, interest, yield and rates
(Unaudited)
(Dollars in thousands)
      Year to Date   Jun 30, 2026  Jun 30, 2025   
Average
Balance  Interest  
Average
Yield/Rate  
Average
Balance  Interest  
Average
Yield/Rate Interest-Earnings Assets:                  Deposits in other financial institutions $195,563  $3,738   3.85% $197,273  $4,382   4.48%Investment securities  235,594   5,045   4.31%  170,328   3,305   3.90%Loans  2,137,192   77,005   7.27%  2,073,976   74,569   7.25%Total interest-earning assets  2,568,349   85,788   6.74%  2,441,577   82,256   6.79%Noninterest-earning assets  50,084         35,977       Total Assets $2,618,433        $2,477,554                          Interest-Bearing Liabilities                  Interest bearing DDA, excluding brokered  295,256   895   0.61%  243,611   1,784   1.48%Savings & MMA, excluding brokered  1,086,121   13,043   2.42%  979,170   13,960   2.88%Time deposits, excluding brokered  215,034   3,670   3.44%  207,699   4,053   3.94%Total deposits, excluding brokered  1,596,411   17,608   2.22%  1,430,480   19,797   2.79%Total brokered deposits  55,698   1,165   4.22%  151,825   3,478   4.62%Total Interest-Bearing Deposits  1,652,109   18,773   2.29%  1,582,305   23,275   2.97%                   FHLB advances  9,160   193   4.25%  18,464   411   4.49%Other borrowings  17,979   668   7.49%  17,977   725   8.13%Total Interest-Bearing Liabilities  1,679,248   19,634   2.36%  1,618,746   24,411   3.04%                   Noninterest-bearing deposits  644,631         602,126       Total Funding Sources  2,323,879   19,634   1.70%  2,220,872   24,411   2.22%                   Noninterest-bearing liabilities  18,522         20,165       Shareholders' equity  276,032         236,517                          Total Liabilities and Shareholders' Equity $2,618,433        $2,477,554                          Net interest income/spread    $66,154   5.04%    $57,845   4.57%Net interest margin        5.19%        4.78% PRIVATE BANCORP OF AMERICA, INC.
Condensed Balance Sheets
(Unaudited)
(Dollars in thousands, except per share amounts)                  Jun 30, 2026  Mar 31, 2026  Dec 31, 2025  Sep 30, 2025  Jun 30, 2025 Assets               Cash and due from banks $300,355  $297,001  $155,015  $261,367  $140,619 Interest-bearing time deposits with other institutions  4,344   4,326   4,355   4,295   4,270 Investment securities  237,074   220,908   217,837   199,852   188,821 Loans held for sale  -   596   2,330   314   8,826 Total loans held-for-investment  2,132,724   2,140,964   2,126,147   2,081,611   2,081,063 Allowance for loan losses  (30,462)  (30,236)  (29,323)  (28,785)  (28,178)Loans held-for-investment, net of allowance  2,102,262   2,110,728   2,096,824   2,052,826   2,052,885 Operating lease right of use assets  6,733   7,196   6,352   6,811   7,254 Premises and equipment, net  2,525   2,678   2,783   2,252   2,213 Other assets and interest receivable  55,009   50,493   49,561   48,764   49,992 Total assets $2,708,302  $2,693,926  $2,535,057  $2,576,481  $2,454,880                 Liabilities and Shareholders' Equity               Liabilities               Noninterest Bearing $663,200  $735,802  $606,105  $654,072  $601,473 Interest Bearing  1,718,037   1,638,893   1,617,776   1,618,296   1,561,407 Total Deposits  2,381,237   2,374,695   2,223,881   2,272,368   2,162,880 Borrowings  25,979   25,978   28,976   28,974   28,972 Accrued interest payable and other liabilities  15,570   20,521   18,236   17,185   16,089 Total liabilities  2,422,786   2,421,194   2,271,093   2,318,527   2,207,941 Shareholders' equity               Common stock  78,214   78,053   76,972   76,403   76,398 Additional paid-in capital  4,264   3,992   4,389   4,479   4,009 Retained earnings  209,263   196,247   187,473   182,546   172,849 Accumulated other comprehensive (loss) income  (6,225)  (5,560)  (4,870)  (5,474)  (6,317)Total shareholders' equity  285,516   272,732   263,964   257,954   246,939 Total liabilities and shareholders' equity $2,708,302  $2,693,926  $2,535,057  $2,576,481  $2,454,880                 Book value per common share $49.87  $47.72  $46.08  $44.45  $42.54 Tangible book value per common share(1) $49.57  $47.38  $45.75  $44.11  $42.20 Shares outstanding  5,725,696   5,715,049   5,728,187   5,803,016   5,805,286                       (1) Non-GAAP measure. See GAAP to non-GAAP Reconciliation table.

PRIVATE BANCORP OF AMERICA, INC.
Condensed Statements of Income
(Unaudited)
(Dollars in thousands, except per share amounts)
    For the three months ended  Jun 30, 2026  Mar 31, 2026  Dec 31, 2025  Sep 30, 2025  Jun 30, 2025 Interest income$43,375  $42,413  $41,872  $41,254  $41,988 Interest expense 9,830   9,804   10,819   11,922   11,875 Net interest income 33,545   32,609   31,053   29,332   30,113 Provision for credit losses (204)  2,019   2,558   1,792   1,293 Net interest income after provision for credit losses 33,749   30,590   28,495   27,540   28,820                Service charges on deposit accounts 533   544   529   537   591 Net gain on sale of loans 4   907   320   1,008   523 Other noninterest income 464   484   564   627   616 Total noninterest income 1,001   1,935   1,413   2,172   1,730                Compensation and employee benefits 11,142   10,811   10,633   10,882   10,319 Occupancy and equipment 876   858   906   841   840 Data processing 1,491   1,369   1,347   1,429   1,396 Professional services 1,061   610   660   742   939 Other expenses 2,293   2,032   2,187   2,011   2,195 Total noninterest expense 16,863   15,680   15,733   15,905   15,689                Income before provision for income taxes 17,887   16,845   14,175   13,807   14,861 Income taxes 4,769   4,818   4,221   4,106   4,412 Net income$13,118  $12,027  $9,954  $9,701  $10,449 Net income available to common shareholders$13,018  $11,942  $9,874  $9,623  $10,361                Earnings per share              Basic earnings per share$2.29  $2.10  $1.73  $1.67  $1.80 Diluted earnings per share$2.27  $2.07  $1.71  $1.65  $1.77                Average shares outstanding 5,681,165   5,694,148   5,701,291   5,757,192   5,754,872 Diluted average shares outstanding 5,741,395   5,773,819   5,785,991   5,837,837   5,837,537   Performance Ratios  Jun 30, 2026  Mar 31, 2026  Dec 31, 2025  Sep 30, 2025  Jun 30, 2025 ROAA 1.99%  1.88%  1.53%  1.51%  1.69%ROAE 18.78%  17.94%  15.11%  15.16%  17.30%ROATCE(1) 18.90%  18.07%  15.22%  15.28%  17.44%Net interest margin 5.18%  5.21%  4.84%  4.65%  4.94%Net interest spread 5.02%  5.04%  4.67%  4.45%  4.75%Efficiency ratio(1) 48.81%  45.39%  48.46%  50.49%  49.27%Noninterest expense / average assets 2.56%  2.45%  2.41%  2.47%  2.53%                     (1) Non-GAAP measure. See GAAP to non-GAAP Reconciliation table.

PRIVATE BANCORP OF AMERICA, INC.
(Unaudited)
      Selected Quarterly Average Balances   (Dollars in thousands)   For the three months ended   Jun 30, 2026  Mar 31, 2026  Dec 31, 2025  Sep 30, 2025  Jun 30, 2025 Total assets $2,643,120  $2,593,472  $2,589,506  $2,550,564  $2,487,224 Earning assets $2,596,190  $2,540,198  $2,545,081  $2,505,145  $2,443,888 Total loans, including loans held for sale $2,148,935  $2,125,318  $2,101,190  $2,091,309  $2,069,415 Total deposits $2,319,407  $2,273,818  $2,279,735  $2,250,180  $2,195,344 Total shareholders' equity $280,149  $271,873  $261,344  $253,829  $242,235    Loan Balances by Type   (Dollars in thousands)   Jun 30, 2026  Mar 31, 2026  Dec 31, 2025  Sep 30, 2025  Jun 30, 2025 Commercial Real Estate (CRE):               Investor owned $570,865  $560,707  $577,730  $595,833  $604,070 Owner occupied  223,442   238,653   236,623   226,919   224,760 Multifamily  184,005   177,151   155,941   145,496   160,902 Secured by single family  205,365   194,494   198,743   210,812   197,137 Land and construction  48,782   43,879   47,029   53,976   51,669 SBA secured by real estate  409,467   430,962   403,609   402,648   401,546 Total CRE  1,641,926   1,645,846   1,619,675   1,635,684   1,640,084 Commercial business:               Commercial and industrial  453,854   461,824   471,526   415,353   412,107 SBA non-real estate secured  34,935   31,265   32,853   28,655   26,931 Total commercial business  488,789   493,089   504,379   444,008   439,038 Consumer  2,009   2,029   2,093   1,919   1,941 Total loans held for investment $2,132,724  $2,140,964  $2,126,147  $2,081,611  $2,081,063    Deposits by Type   (Dollars in thousands)   Jun 30, 2026  Mar 31, 2026  Dec 31, 2025  Sep 30, 2025  Jun 30, 2025 Noninterest-bearing DDA $663,200  $735,802  $606,105  $654,072  $601,473 Interest-bearing DDA, excluding brokered  308,561   298,747   309,013   268,210   251,701 Savings & MMA, excluding brokered  1,136,048   1,073,682   1,024,829   1,038,035   990,798 Time deposits, excluding brokered  224,127   216,915   218,871   231,886   227,129 Total deposits, excluding brokered  2,331,936   2,325,146   2,158,818   2,192,203   2,071,101 Total brokered deposits  49,301   49,549   65,063   80,165   91,779 Total deposits $2,381,237  $2,374,695  $2,223,881  $2,272,368  $2,162,880  PRIVATE BANCORP OF AMERICA, INC.
(Unaudited)
      Rollforward of Allowance for Credit Losses   (Dollars in thousands)   For the three months ended   Jun 30, 2026  Mar 31, 2026  Dec 31, 2025  Sep 30, 2025  Jun 30, 2025 Allowance for loan losses:               Beginning balance $30,236  $29,323  $28,785  $28,178  $26,437 Provision for loan losses  (73)  2,026   2,898   1,666   1,741 Net (charge-offs) recoveries  299   (1,113)  (2,360)  (1,059)  - Ending balance  30,462   30,236   29,323   28,785   28,178 Reserve for unfunded commitments  546   677   684   1,024   899 Total allowance for credit losses $31,008  $30,913  $30,007  $29,809  $29,077    Asset Quality   (Dollars in thousands)   Jun 30, 2026  Mar 31, 2026  Dec 31, 2025  Sep 30, 2025  Jun 30, 2025 Total loans held-for-investment $2,132,724  $2,140,964  $2,126,147  $2,081,611  $2,081,063 Allowance for loan losses $(30,462) $(30,236) $(29,323) $(28,785) $(28,178)30-89 day past due loans, excluding nonaccrual $880  $20,741  $5,945  $7,354  $4,680 90+ day past due loans, excluding nonaccrual $-  $-  $-  $-  $- Nonaccrual loans $26,893  $34,584  $42,227  $37,663  $7,722 Other real estate owned (OREO) $13,637  $8,568  $8,568  $8,568  $8,568 NPAs / Total assets  1.50%  1.60%  2.00%  1.79%  0.66%NPLs / Total loans held-for-investment  1.26%  1.62%  1.99%  1.81%  0.37%Net quarterly charge-offs (recoveries) $(299) $1,113  $2,360  $1,059  $- Net charge-offs (recoveries) /avg loans (annualized)  (0.06)%  0.21%  0.45%  0.20%  0.00%Allowance for loan losses to loans HFI  1.43%  1.41%  1.38%  1.38%  1.35%Allowance for loan losses to nonaccrual loans  113.27%  87.43%  69.44%  76.43%  364.91%                      PRIVATE BANCORP OF AMERICA, INC.
(Unaudited)

The following tables present a reconciliation of non-GAAP financial measures to GAAP measures for: efficiency ratio, pretax pre-provision net revenue, average tangible common equity, tangible book value per share and return on average tangible common equity. We believe the presentation of certain non-GAAP financial measures provides useful information to assess our consolidated financial condition and consolidated results of operations and to assist investors in evaluating our financial results relative to our peers. These non-GAAP financial measures complement our GAAP reporting and are presented below to provide investors and others with information that we use to manage the business each period. Because not all companies use identical calculations, the presentation of these non-GAAP financial measures may not be comparable to other similarly titled measures used by other companies. These non-GAAP measures should be taken together with the corresponding GAAP measures and should not be considered a substitute for the GAAP measures.

  GAAP to Non-GAAP Reconciliation   (Dollars in thousands)                   For the three months ended   Jun 30, 2026  Mar 31, 2026  Dec 31, 2025  Sep 30, 2025  Jun 30, 2025 Efficiency Ratio               Noninterest expense $16,863  $15,680  $15,733  $15,905  $15,689 Net interest income  33,545   32,609   31,053   29,332   30,113 Noninterest income  1,001   1,935   1,413   2,172   1,730 Total net interest income and noninterest income  34,546   34,544   32,466   31,504   31,843 Efficiency ratio (non-GAAP)  48.81%  45.39%  48.46%  50.49%  49.27%                Pretax pre-provision net revenue               Net interest income $33,545  $32,609  $31,053  $29,332  $30,113 Noninterest income  1,001   1,935   1,413   2,172   1,730 Total net interest income and noninterest income  34,546   34,544   32,466   31,504   31,843 Less: Noninterest expense  16,863   15,680   15,733   15,905   15,689 Pretax pre-provision net revenue (non-GAAP) $17,683  $18,864  $16,733  $15,599  $16,154                 Return and Adjusted Return on Average Assets, Average Equity, Average Tangible Equity               Net income $13,118  $12,027  $9,954  $9,701  $10,449 Average assets  2,643,120   2,593,472   2,589,506   2,550,564   2,487,224 Average shareholders' equity  280,149   271,873   261,344   253,829   242,235 Less: Average intangible assets  1,819   1,910   1,913   2,025   1,953 Average tangible common equity (non-GAAP)  278,330   269,963   259,431   251,804   240,282                 Return on average assets  1.99%  1.88%  1.53%  1.51%  1.69%Return on average equity  18.78%  17.94%  15.11%  15.16%  17.30%Return on average tangible common equity (non-GAAP)  18.90%  18.07%  15.22%  15.28%  17.44%                Tangible book value per share               Total equity  285,516   272,732   263,964   257,954   246,939 Less: Total intangible assets  1,717   1,957   1,913   2,004   1,964 Total tangible equity  283,799   270,775   262,051   255,950   244,975 Shares outstanding  5,725,696   5,715,049   5,728,187   5,803,016   5,805,286 Tangible book value per share (non-GAAP) $49.57  $47.38  $45.75  $44.11  $42.20 

, /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE: TMHC) ("TMHC") today announced that its indirect wholly owned subsidiary, Taylor Morrison Communities, Inc. (the "Issuer"), has commenced consent solicitations to amend the indentures (the "Indentures" and, each an "Indenture") governing (i) its 5.75% Senior Notes due 2028 (CUSIP Nos. 87724RAB8 (Rule 144A) / U8760NAB5 (Reg S)) (the "2028 Notes"), (ii) its 5.125% Senior Notes due 2030 (CUSIP Nos. 87724RAJ1 (Rule 144A) / U8760NAF6 (Reg S)) (the "2030 Notes") and (iii) its 5.750% Senior Notes due 2032 (CUSIP Nos. 87724RAK8 (Rule 144A) / U8760NAG4 (Reg S)) (the "2032 Notes" and, together with the 2028 Notes and the 2030 Notes, the "Notes"), upon the terms and subject to the conditions set forth in the Consent Solicitation Statement dated July 16, 2026 (the "Consent Solicitation Statement"). The Issuer is soliciting consents from holders of record as of 5:00 p.m., New York City time, on July 15, 2026, to amend (the "Amendments") certain provisions of the Indentures in connection with the previously announced acquisition of TMHC by Berkshire Hathaway Inc. ("Berkshire Hathaway") (the "Merger"). Berkshire Hathaway has advised TMHC and the Issuer that following consummation of the proposed Merger, Berkshire Hathaway intends to unconditionally guarantee each series of the Notes; however, Berkshire Hathaway has no obligation to guarantee the Notes and there can be no assurance that Berkshire Hathaway will provide such guarantee.

Subject to the terms and conditions set forth in the Consent Solicitation Statement, the Issuer will pay eligible holders whose consents were delivered (and not validly revoked) on or prior to 5:00 p.m., New York City time, on July 22, 2026 (the "Expiration Date"), a cash payment of $1.00 for each $1,000 principal amount of Notes in respect of which such consent relates (as applicable, the "Consent Fee"). The Consent Fee with respect to each consent solicitation will only be payable if all conditions to the applicable consent solicitation, including the receipt of the Requisite Consents (as defined below) with respect to the applicable series of Notes, have been satisfied or, if applicable, waived.

Each consent solicitation is subject to customary conditions, including, among other things, the delivery by holders of consents (which consents have not been validly revoked) in respect of a majority in aggregate principal amount of the outstanding Notes of each series (the "Requisite Consents") on or prior to the Expiration Date. Delivered consents may be validly revoked until the time at which the applicable supplemental indenture effecting the Amendments has been executed and delivered. The Issuer anticipates that, promptly after receipt of the Requisite Consents with respect to a series of Notes and the other conditions applicable to each consent solicitation are satisfied or waived, the Issuer will give notice to the applicable trustee, and the Issuer and the applicable trustee will execute and deliver a supplemental indenture with respect to each Indenture to effect the Amendments. Pursuant to the terms of such supplemental indenture, the Amendments will not become operative until (i) the Consent Fee, with respect to the applicable consent solicitation, is paid in full and (ii) the consummation of the Merger.

Each consent solicitation is being made solely on the terms and subject to the conditions set forth in the Consent Solicitation Statement. The Issuer may, in its sole discretion, subject to applicable law, extend, amend or terminate any or all of the consent solicitations.

The Issuer has retained J.P. Morgan Securities LLC ("J.P. Morgan") to act as sole solicitation agent in connection with the consent solicitations. Questions may be directed to J.P. Morgan at (866) 834-4666 (toll-free) or (212) 834-3424 (collect). The Issuer has retained D.F. King & Co., Inc. to act as the information and tabulation agent in connection with the consent solicitations. Questions and requests for additional documents may be directed to D.F. King & Co, Inc. at (212) 269-5550 (banks and brokers), (888) 887-1266 (all others) or [email protected].

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security. This press release does not constitute a solicitation of consents with respect to the Amendments or any securities. The solicitation of consents is not being made in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such solicitation under applicable state or foreign securities or "blue sky" laws.

About Taylor Morrison

Headquartered in Scottsdale, Arizona, Taylor Morrison is one of the nation's leading homebuilders and developers. We serve a wide array of consumers from coast to coast, including first-time, move-up, luxury and resort lifestyle homebuyers and renters under our family of brands—including Taylor Morrison, Esplanade and Yardly. From 2016-2025, Taylor Morrison has been recognized as America's Most Trusted® Builder by Lifestory Research. 

Forward-Looking Statements

This press release includes "forward-looking statements" including, but not limited to, statements regarding TMHC's expectations, plans, intentions, strategies or prospects with respect to the proposed Merger. These statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities, as well as those of the markets we serve or intend to serve, to differ materially from those expressed in, or implied by, these statements. You can identify these statements by the fact that they do not relate to matters of a strictly factual or historical nature and generally discuss or relate to forecasts, estimates or other expectations regarding future events. Generally, the words "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "may," "will," "can," "could," "might," "should" and similar expressions identify forward-looking statements, including statements related to expected financial, operating and performance results, planned transactions, planned objectives of management, future developments or conditions in the industries in which we participate and other trends, developments and uncertainties that may affect TMHC's business in the future. A detailed discussion of such risks and uncertainties is included in TMHC's Form 10-K, on file with the Securities and Exchange Commission, in the section titled "Risk Factors," as updated in our subsequent reports filed with the Securities and Exchange Commission. Any forward-looking statement made in this press release is based only on currently available information and speaks only as of the date on which it is made. TMHC undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.

CONTACT:
Mackenzie Aron, VP Investor Relations
(407) 906-6262
[email protected] 

SOURCE Taylor Morrison

16.7.2026 15:02, UNH

Zdravotní pojišťovna UnitedHealth Group zvýšila výhled očištěného zisku na akcii pro celý rok 2026, přičemž aktualizovaný výhled předčil očekávání Wall Street. Společnost zároveň zveřejnila za druhé čtvrtletí očištěný zisk i výnosy nad průměrným odhadem analytiků. Podle Mizuho byly výsledky „ještě lepší než býčí scénář investorů“.

Výsledky společnosti UnitedHealth Group (UNH) za 2Q 2026   2Q 2026 Konsensus 2Q 2026 2Q 2025 Výnosy (mld. USD) 112,03 110,67 111,62 Čistý zisk (mld. USD) 5,48* -- 3,41 Očištěný zisk na akcii (EPS, USD/akcie) 6,38* 4,89 4,08 *Čistý zisk a očištěný zisk na akcii byl pozitivně ovlivněn i 860 mil. USD z rozpuštění rezerv na pojistná plnění z předchozích období.  

Výsledky za 2Q Výnosy meziročně vzrostly o 0,4 % na 112,03 mld. USD, nad odhadem 110,67 mld. USD.

Výnosy ze segmentu UnitedHealthcare dosáhly 86,02 mld. USD, meziročně prakticky beze změny (86,10 mld. USD loni), nad odhadem 84,91 mld. USD.

Výnosy ze segmentu Optum činily 65,7 mld. USD, meziročně klesly o 2,2 %, nad odhadem 65,1 mld. USD. Z toho výnosy divize OptumRx dosáhly 38,29 mld. USD (odhad: 37,65 mld. USD), divize OptumHealth 23,47 mld. USD (odhad: 23,22 mld. USD) a divize OptumInsight 5,40 mld. USD (odhad: 5,29 mld. USD).

Podíl nákladů na zdravotní péči (MCR) dosáhl 86,7 %, výrazně pod odhadem 88,4 %. Ukazatel zlepšilo i rozpuštění rezerv na pojistná plnění z předchozích období ve výši 860 mil. USD, protože skutečné náklady na péči byly nižší, než se očekávalo — většina se týkala odhadů z roku 2026

Poměr provozních nákladů dosáhl 12,7 %, mírně nad odhadem 12,5 %.

Výhled na FY 2026 Firma zvýšila výhled pro celý rok 2026 a nyní predikuje:

Očištěný zisk na akcii 19,50–20,00 USD (dříve: nad 18,25 USD; konsensus: 18,43 USD). Zisk na akcii 18,45–18,95 USD (dříve: nad 17,35 USD). Komentář CEO Stephen Hemsley, generální ředitel UnitedHealth Group, uvedl: „Naše výsledky a výhled odrážejí pokračující pokrok v naší práci na zjednodušení fungování společnosti, zlepšování dostupnosti i zkušenosti se zdravotní péčí pro pacienty a poskytovatele péče a na aplikaci moderních technologií pro reálné zlepšení života lidí.“

Komentáře analytiků Analytička Lisa Gill z JPMorgan uvedla, že zisk na akcii za 2Q předčil očekávání, což podle ní „splnilo vysoko nastavenou laťku investorů“. Poznamenala, že zvýšení ziskového výhledu se pohybovalo na horní hranici očekávání, jelikož investoři hledali „cestu“ k hodnotě 20,00 USD, a klíčové sledované oblasti (UnitedHealthcare a OptumHealth) přispěly k překonání očekávání ve čtvrtletí i k pozitivní revizi výhledu.

Analytička Elizabeth Anderson z Evercore ISI uvedla, že výsledky za 2Q ukazují zlepšení jak v podkladovém prostředí, tak ve zlepšené provozní disciplíně za poslední rok, a že dnešní report potvrzuje býčí tezi, že zlepšený trend nákladů a řízení byznysu začínají pohánět víceletou akceleraci růstu zisku.

Analytička Ann Hynes z Mizuho označila výsledky za silné, přičemž vyzdvihla překonání očekávání u trendu zdravotních nákladů a silnou výkonnost OptumHealth. Podle ní kombinace překonání očekávání a zvýšení výhledu „převyšuje zvýšená očekávání“.

Analytik Glen Losev z Bloomberg Intelligence uvedl, že výsledky za 2Q ukazují, že přeceňování a úpravy klientské základny provedené před rokem 2026 posunuly pojišťovací segment od stabilizace v předchozím čtvrtletí ke zlepšování provozní marže.

Akcie UnitedHealth Group Akcie UnitedHealth Group (UNH) v předburzovní fázi obchodování rostou o 6,80 % na 447,00 USD.

Akcie UnitedHealth Group Inc (UNH) před výsledky uzavřely na 418,52 USD Ukazatel   Ukazatel   Kapitalizace (mld. USD) 380,1 P/E 23,5 Vývoj za letošní rok (%) +26,8 Očekávané P/E 22,7 52týdenní minimum (USD) 234,6 Prům. cílová cena (USD) 441,3 52týdenní maximum (USD) 434,3 Dividendový výnos (%) 2,1 Zdroj: UnitedHealth Group, Bloomberg

Michal Šnobl, Fio banka, a.s.

NEW YORK--(BUSINESS WIRE)---- $BTU #BFA--Peabody Investors are Reminded to Contact BFA Law about the Filed Securities Fraud Class Action Lawsuit to Recover Investment Losses.

Morgan Stanley forecasts that the growth rate of storage prices will peak in Q4 this year.

Morgan Stanley forecasts that the year-on-year growth rate of DRAM contract prices will peak in the fourth quarter of 2026, after which it may decline sharply. It will be difficult to replicate the previous scenario of a four-fold annual increase, and the valuations of storage companies (12-month forward price-to-book ratio) are awaiting revaluation.

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Iran secretly ordered the Houthi armed group to blockade the Bab el-Mandeb Strait if the U.S. attacks Iran's power facilities.

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Sunrun is again honored by Best Company for excellence in customer service and technical expertise for providing Americans with industry leading energy independence July 16, 2026 08:00 ET  | Source: Sunrun Inc.

SAN FRANCISCO, July 16, 2026 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), America’s largest provider of home battery storage, solar, and home-to-grid power plants, has been awarded the exclusive 2026 Preferred Partner Award and Platinum Solar Award by BestCompany.com, a leading review platform that empowers consumers to make confident purchase decisions. According to Best Company, Sunrun’s selection for these awards was based on the company’s commitment to customer satisfaction, product innovation, stability, and industry leadership.

“The benefits of home battery storage and solar have never been stronger, especially when combined with Sunrun’s award-winning customer service. We are honored to have Best Company recognize our commitment to our customers,” said Chance Allred, Sunrun’s Chief Experience and Direct Sales Officer. “Providing Americans with energy security and peace of mind requires several teams working in concert. Sunrun has written the book on how to make home energy a highly-personalized and rewarding experience.”

This is the third consecutive year that Sunrun has received the Platinum Solar Award and the second consecutive year that Sunrun has received the Preferred Partner Award. Sunrun is the only home energy company to ever receive Best Company’s Preferred Partner Award.

As part of its selection process, Best Company said that Sunrun stood out because of its proven scale, customer referrals, home battery deployment, flexible financing options, commitment to sustainability, comprehensive customer support, and growing network of distributed power plants.

“We hear directly from the people Sunrun serves, and in 2026 the message is stronger than ever: their customers are proud to keep sending friends their way,” said Landon Taylor, CEO of Snoball, Best Company’s review and referral platform. “A third Platinum Solar Award is what that kind of loyalty looks like.”

With more than 1.1 million customers, Sunrun is the innovative market leader that pioneered home energy systems offered through no-upfront-cost subscriptions. Sunrun stands alone in the industry by owning the entire customer experience, from direct sales and installation to service and support. This vertical integration has resulted in Sunrun reaching net promoter scores achieved only by the most trusted and admired consumer brands.

“Over the past twelve months, Sunrun has grown into something more than a solar company,” Best Company said. “It has become the country's leader in home energy independence, pairing battery storage with solar and connecting hundreds of thousands of homes to the grid in ways that were still emerging a year ago.”

The Best Company recognition comes shortly after Sunrun was named to the Fortune 1000® list, an annual ranking of the largest U.S. companies by revenue. Sunrun is the only home battery storage and solar installer on the Fortune list. Sunrun also recently earned four Buyer's Choice Awards from ConsumerAffairs for being best in customer service, installation experience, equipment, and value.

These accolades reflect Sunrun’s commitment to customer experience and its role as a critical resource for America’s energy grid. With the industry’s most comprehensive consumer protection program—including 24/7 system monitoring, free maintenance and repairs, and a performance guarantee—Sunrun continues to deliver products and services that help customers feel confident at every step of their energy journey.

About Sunrun
Sunrun Inc. (Nasdaq: RUN) is America’s largest provider of home battery storage, solar, and home-to-grid power plants. As the pioneer of home energy systems offered through a no-upfront-cost subscription model, Sunrun empowers customers nationwide with greater energy control, security, and independence. Sunrun supports the grid by providing on-demand dispatchable power that helps prevent blackouts and lowers energy costs. Learn more at www.sunrun.com.

Media Contact
Wyatt Semanek
Sr. Director, Corporate Communications
[email protected]

Investor & Analyst Contact
Patrick Jobin
SVP, Deputy CFO & Investor Relations Officer
[email protected]

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding Sunrun’s customer experience, customer referrals, market leadership, competitive position, product and service offerings, home battery storage, solar and home-to-grid programs, distributed power plant network, grid-supporting services, energy security and independence, customer confidence, potential cost savings, blackout-prevention benefits and Sunrun’s ability to deliver, maintain and support products and services for customers.

Words such as “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “target,” “project,” “potential,” “will,” “may,” “could,” “designed to,” and similar expressions identify forward-looking statements. These statements are not guarantees of future performance. They reflect Sunrun’s current views with respect to future events and are based on assumptions and estimates, and they are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from expectations or results projected or implied by forward-looking statements.

These risks and uncertainties include, but are not limited to: Sunrun’s ability to maintain customer satisfaction, service quality, customer referrals and brand reputation; customer demand for and market acceptance of Sunrun’s home battery storage, solar and home-to-grid offerings; the availability, performance and reliability of Sunrun’s systems and related customer support, monitoring, maintenance and performance guarantee programs; Sunrun’s ability to enroll, retain, coordinate and dispatch customers and batteries through grid services and distributed power plant programs; changes in utility rate structures, retail electricity prices, net metering, interconnection rules, fixed fees, incentives, tax credits and other policies and regulations affecting home solar, battery storage, home electrification and grid services; Sunrun’s ability to manage costs and compete effectively; the availability of financing and access to capital markets on acceptable terms; supply chain availability, component costs, tariffs, trade policy impacts and dependence on a limited number of suppliers for solar panels, batteries and other system components; customer cancellations, installation delays, permitting delays, interconnection delays, labor constraints, construction issues and other operational challenges; the performance of Sunrun’s sales, installation, service and partner channels; macroeconomic conditions, inflation, volatile or rising interest rates and changes in consumer credit or demand; cybersecurity, privacy, data access, telemetry and operational risks; and other risks described under the caption “Risk Factors” in Sunrun’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and subsequent Quarterly Reports on Form 10-Q filed with the U.S. Securities and Exchange Commission.

All forward-looking statements in this press release are based on information available to Sunrun as of the date hereof. Sunrun assumes no obligation to update publicly any forward-looking statements for any reason, except as required by law.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Pre-Market Stock Futures: Futures are trading mixed after a solid mid-week session that saw all of the major indices finish the day higher. Another positive inflation print helped stocks along, as the Producer Price Index (PPI), which tracks wholesale costs, plummeted 0.3% in June, largely due to falling gasoline prices. While that was encouraging, it’s a good bet the number moves back higher in July, as energy prices have spiked amid the escalation of attacks between the United States and Iran. It’s important to remember the trailing and forward price-to-earnings ratios for the S&P 500; both are well above historical averages. The Nasdaq once again led the way on Wednesday, closing up 0.62% at 26,269, while the S&P 500 finished the session at 7,527, up 0.38%. The small-cap Russell 2000 closed at 2,975, up 0.37%, while the Dow Jones Industrials closed at 52,658, higher by 0.29%.

Treasury Bonds: After the positive PPI number, bond buyers returned once again to grab rich coupons on U.S. debt, and yields across the curve were lower for all of the maturities. When the closing bell rang, the 30-year-long bond was last seen at 5.09%, while the benchmark 10-year note was quoted at 4.55%.

Oil and Gas: As expected, despite the positive inflation print, energy prices traded higher again amid the escalation in hostilities, which is once again hindering traffic through the Strait of Hormuz. With Iranian ports near the Strait blockaded and missile strikes increasing, it’s a solid bet prices will continue to climb and likely erode the positive inflation numbers we saw this week when the July data is revealed next month.  Brent Crude finished the day at $85.78, up 1.24%, while West Texas Intermediate was last seen at $80.31, up 1.22%. Natural gas followed suit, closing up 0.93% at $2.93. 

Gold: The precious metal closed mixed on Wednesday, as the uptick in military activity drew some buyers. When trading ended, Gold was quoted at $4,056, up 0.13%. Silver continued its losing ways, finishing the day lower by 0.98% at $57.84. 

Crypto: Cryptocurrencies traded higher on Wednesday, extending a broad rally sparked by cooler-than-expected U.S. inflation data. During the day, Bitcoin climbed around 0.5% to $64,900, while Ethereum added 2.9% to $1,929. At 8 AM EDT, Bitcoin was trading at $ 64,145, while Ethereum was quoted at $1,883.

24/7 Wall St. reviews dozens of analyst research reports every day to identify fresh investment ideas for investors and traders alike. These daily analyst notes include recommendations on stocks to buy, sell, or avoid, as well as new coverage initiations. Important reminder: No single analyst report should ever be the sole basis for buying or selling a stock.

Here are some of the top Wall Street analyst upgrades, downgrades, and initiations seen on Thursday, July 16, 2026.  

Upgrades: Blackrock (NYSE: BLK | BLK Price Prediction) was upgraded to Overweight from Neutral at JPMorgan, which pushed the price target to $1,364 from $1,165. Flex (NASDAQ: FLEX) was raised to Buy from Hold at Freedom Capital, which bumped the target price for the shares to $150 from $144. Okta (NASDAQ: OKTA) was raised to Overweight from Equal Weight at Capital One, which boosted the target price to $171 from $126. Palo Alto Networks (NASDAQ: PANW) was raised to Overweight from Equal Weight at Capital One, which lifted the target price to $421 from $307. Rocket Companies (NYSE: RKT) was upgraded to Overweight from Equal Weight at Morgan Stanley, which nudged the price target to $19 from $18. Downgrades: American Electric Power Company (NYSE: AEP) was downgraded to Neutral from Buy at Goldman Sachs, with a $147 target price. Cinemark Holdings (NYSE: CNK) was cut to Equal Weight from Overweight at Wells Fargo, which trimmed the target price for the stock to $31 from $36. Etsy (NYSE: ETSY) was downgraded to Neutral from Buy at BTIG, without a price target. Lululemon Athletica (NASDAQ: LULU) was downgraded to Sell from Hold at Truist Financial, and dropped the target price for the yoga fashion retailer to $94 from $115. Pentair (NYSE: PNR) was downgraded to Hold from Buy at Stifel, which slashed the target price for the shares to $65 from $103. Initiations: Alphabet (NASDAQ: GOOGL) was assumed with an Outperform rating at Wedbush, with a $445 target price objective. Meta Platforms (NASDAQ: META) was assumed with a Neutral rating at Wedbush, with a $671 target price for the shares.  Rambus (NASDAQ: RMBS) was initiated with a Buy rating at Benchmark, which has set a $165 target price. Space Exploration Technologies (NASDAQ: SPCX) was started with a Neutral rating at Piper Sandler with a $156 target price. Vertiv Holdings (NYSE: VRT) was initiated with an Outperform rating at Baird, with a $370 target price. Meet America's Newest $1b Unicorn (Sponsor) A US startup just passed a $1 billion private valuation, joining billion-dollar private companies like OpenAI and ByteDance. Unlike those other unicorns, you can invest in EnergyX right now; but only until July 16.

Over 50,000 people already have, along with global giants like General Motors and POSCO.

Here's why there's so much interest: EnergyX's patented tech can recover up to 3X more lithium than traditional methods. That's a big deal, as demand for lithium is expected to 5X current production levels by 2040. Become an early-stage EnergyX shareholder before the 7/16 investment deadline.

Contact [email protected] for any questions or corrections.

Represents a major milestone in Baker Hughes’ ongoing portfolio management strategy to become a higher-value, leading industrialized energy solutions companyExpect $325 million in annualized cost synergies by year three after close; commercial synergy opportunities represent additional upsideChart Industries will be a third operating segment, reflecting the scale and strategic importance of its differentiated capabilities
HOUSTON and LONDON, July 16, 2026 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ: BKR) (“Baker Hughes” or “the Company”) today announced the successful completion of its acquisition of Chart Industries, Inc. (NYSE: GTLS) (“Chart”). This strategic transaction is a major milestone in Baker Hughes’ transformation into a higher-value, leading industrialized energy solutions company. The acquisition is expected to enhance Baker Hughes’ ability to deliver durable earnings and cash flow, driven by an expanded industrial portfolio and enhanced recurring aftermarket services.

“Chart’s thermal management solutions bring complementary capabilities and aftermarket service offerings that accelerate our portfolio strategy,” said Baker Hughes Chairman and Chief Executive Officer Lorenzo Simonelli. “Together, we will expand the solutions we deliver across a broader range of energy and industrial markets and create greater value for customers and shareholders. We welcome our new colleagues to Baker Hughes and look forward to working with them to deliver disciplined execution and maximize synergies as we move forward.”

Baker Hughes Chief Infrastructure & Performance Officer Jim Apostolides has been appointed senior vice president to lead the Chart segment. Since July 2025, Apostolides has led a seamless and effective integration program to support strategic growth and operational synergy readiness. Apostolides has more than 25 years of operational and multi-industry leadership, previously serving as senior vice president of Enterprise Operational Excellence for Baker Hughes since 2020.

“Congratulations to Jim on his well-deserved appointment as segment leader,” Simonelli added. “Jim’s business rigor, demonstrated through decades of global supply chain experience and operational leadership of large complex facilities around the world, makes him well-suited to lead implementation of the Baker Hughes Business System within Chart. We look forward to his leadership and continued success, quickly delivering value for our customers and shareholders as one company.”

Chart will operate as a new reporting segment within Baker Hughes, reflecting the scale and strategic importance of its differentiated capabilities in air and gas handling, thermal management, and lifecycle services. The segment structure is intended to preserve Chart’s commercial and operational focus while enabling full integration and synergy capture across Baker Hughes. Chart reported $4.3 billion in revenue for fiscal year 2025 and currently serves customers in more than 50 countries, spanning sectors including gas infrastructure, nuclear, data centers, carbon capture and storage, space, geothermal and other high-growth industrial markets.

Baker Hughes has launched a comprehensive integration program, leveraging its Business System to support operational alignment. The focus is on harmonizing product and technology platforms, engineering and commercial practices, and lifecycle and digital services. Early synergy capture in supply chain, functional support, and manufacturing is a priority, with a target of $325 million in annualized cost synergies within three years.

The acquisition of Chart marks a significant step in Baker Hughes’ portfolio optimization and growth strategy. By streamlining non-core businesses and expanding into industrial and lifecycle-driven markets, Baker Hughes is committed to sustainable, long-term growth, improved capital efficiency, and enhanced value for shareholders.

The Baker Hughes Board will continue its comprehensive evaluation, guided by progress in integration and operational execution. Baker Hughes remains committed to disciplined capital allocation, targeting a net leverage range of 1.0-1.5x within 24 months.

Cautionary Statement Regarding Forward-Looking Statements

This news release (and oral statements made regarding the subjects of this release) may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (each a “forward-looking statement”). All statements, other than historical facts, including statements regarding the presentation of Baker Hughes’ operations in future reports and any assumptions underlying any of the foregoing, are forward-looking statements. Forward-looking statements concern future circumstances and results and other statements that are not historical facts and are sometimes identified by the words “may,” “will,” “should,” “potential,” “intend,” “expect,” “would,” “seek,” “anticipate,” “estimate,” “overestimate,” “underestimate,” “believe,” “could,” “project,” “predict,” “continue,” “target,” “goal,” or other similar words or expressions. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Factors that could cause actual results to differ include, but are not limited to: Baker Hughes’ indebtedness, including the indebtedness Baker Hughes has incurred in connection with the transaction with Chart and the need to generate sufficient cash flows to service and repay such debt; Baker Hughes’ ability to meet expectations regarding the accounting and tax treatments of the transaction with Chart; the possibility that Baker Hughes may be unable to achieve expected synergies and operating efficiencies within the expected time-frames or at all and to successfully integrate Chart’s operations with those of Baker Hughes; that such integration may be more difficult, time-consuming, or costly than expected; that operating costs, customer loss, and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, or suppliers) may be greater than expected following the transaction; the retention of certain key employees of Chart may be difficult; that Baker Hughes and Chart are subject to intense competition and increased competition is expected in the future; and general economic conditions that are less favorable than expected. Other important factors that could cause actual results to differ materially from such plans, estimates, or expectations include, among others, the risk factors identified in the “Risk Factors” section of Part I of Item 1A of Baker Hughes’ Annual Report on Form 10-K for the year ended December 31, 2025, which was filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 5, 2026, and those set forth from time-to-time in other filings by Baker Hughes with the SEC. These documents are available through Baker Hughes’ website or through the SEC’s Electronic Data Gathering and Analysis Retrieval (EDGAR) system at http://www.sec.gov.

Any forward-looking statements speak only as of the date of this news release. Baker Hughes does not undertake any obligation to update any forward-looking statements, whether as a result of new information or developments, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

For more information, please contact:

Media Relations

Adrienne M. Lynch
+1 713-906-8407
[email protected]

Investor Relations

Chase Mulvehill
+1 346-297-2561
[email protected]

LONG ISLAND CITY, N.Y.--(BUSINESS WIRE)--Steven Madden, Ltd. (NASDAQ: SHOO), a leading designer and marketer of fashion-forward footwear, accessories and apparel, today announced that the Company plans to release its second quarter 2026 earnings results on Thursday, July 30, 2026. Management will host a conference call to review the results at 8:30 a.m. Eastern Time. The live webcast of the management call can be accessed at the Company's investor relations website at https://investor.stevemadd.

NORTH BETHESDA, Md.--(BUSINESS WIRE)---- $ESAB #ESAB--ESAB Corporation Schedules Second Quarter 2026 Earnings Release and Conference Call.

STAMFORD, Conn.--(BUSINESS WIRE)--July 16, 2026-- ITT Inc. (NYSE: ITT) will release its second quarter financial results before the opening of the New York Stock Exchange on Thursday, August 6, 2026. The company will hold a conference call at 8:30 a.m. ET on August 6 to discuss its second quarter performance.

To participate on the conference call, click here to register. After completing the online registration form, participants will receive the dial-in number and a unique PIN. Participants should join the call ten minutes before 8:30 a.m. ET on Thursday, August 6.

A real-time audio webcast of the presentation will also be available at https://investors.itt.com, where related materials will be available prior to the presentation. A replay of the webcast will be available beginning two hours after the call.

About ITT

ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, nutrition and health and energy markets. The company operates through three value centers: Flow Technologies, Motion Technologies and Connect & Control Technologies. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in Stamford, Connecticut, with employees in more than 40 countries and sales in approximately 125 countries. For more information, visit www.itt.com.

ITT-E

More News From ITT Inc.

NEW YORK--(BUSINESS WIRE)---- $AVAV #AVAV--AeroVironment Investors are Reminded to Contact BFA Law about the Filed Securities Fraud Class Action Lawsuit to Recover Investment Losses.

, /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of AeroVironment, Inc. (NASDAQ: AVAV) securities between June 25, 2025 and March 10, 2026, inclusive (the "Class Period"), have until Monday, July 27, 2026 to seek appointment as lead plaintiff of the AeroVironment class action lawsuit. Captioned Norrell v. AeroVironment, Inc., No. 26-cv-01429 (E.D. Va.), the AeroVironment class action lawsuit charges AeroVironment as well as certain of AeroVironment's current and former executive officers with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the AeroVironment class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-aerovironment-class-action-lawsuit-avav.html

You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at [email protected].

CASE ALLEGATIONS: AeroVironment designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses. The AeroVironment class action lawsuit alleges on May 1, 2025, AeroVironment announced it had completed the acquisition of BlueHalo, LLC, which had previously been awarded a contract to support the U.S. Space Force's Satellite Communication Augmentation Resource ("SCAR") program. The SCAR program represents the U.S. Space Force's efforts to modernize antennas used by the Satellite Control Network ("SCN"), which is comprised of 19 fixed antennas across the world and executes tasks such as tracking satellites, transmitting signals, and conducting telemetry, or accessing data from satellites to assess their status and health, according to the complaint.

The AeroVironment class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) AeroVironment understated the likelihood that it would imminently face competition from other vendors for the work it performed in connection with the SCAR program and the U.S. Space Force's ongoing efforts to modernize the SCN; and (ii) accordingly, defendants overstated AeroVironment's business and financial prospects.

The AeroVironment class action lawsuit further alleges that on January 20, 2026, AeroVironment announced that the U.S. government had issued a stop work order on AeroVironment's agreement to deliver BADGER systems to the SCAR program. In the same announcement, AeroVironment allegedly stated that the stop work order "allows for the parties to negotiate an amended agreement for the future of the SCAR program" and that "[t]he Company expects to continue to deliver capabilities and products for the SCAR program." On this news, the price of AeroVironment stock fell nearly 16%, according to the complaint.

Then, on March 2, 2026, SpaceNews allegedly reported that the U.S. Space Force was reopening the SCAR program and "reassessing how to move forward." Space News quoted Colonel Owen Stevens, director of contracting at the Space Rapid Capabilities Office, which supervised SCAR, as stating: "We have been in conversations with the SAE [senior acquisition executive] for a little while now, and we are going to move into a new acquisition strategy for SCAR," the complaint alleges. On this news, the price of AeroVironment stock fell more than 17%, according to the complaint.

Finally, on March 10, 2026, the complaint alleges that AeroVironment announced its financial results for the third quarter of fiscal year 2026. Among other items, AeroVironment allegedly reported a third-quarter operating loss of $179.0 million, compared to an operating loss of $3.1 million for the same period in fiscal year 2025. These financial results reflected the impact of a $151.3 million goodwill impairment in AeroVironment's space division after the stop work order on AeroVironment's BADGER systems built for the SCAR program, according to the AeroVironment class action lawsuit. AeroVironment also allegedly reported that the U.S. Space Force had terminated AeroVironment's contract concerning the SCAR program, and as a result, it would have to "recompete" for the SCAR program. On this news, the price of AeroVironment stock fell more than 6%, the complaint alleges.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired AeroVironment securities during the Class Period to seek appointment as lead plaintiff in the AeroVironment class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the AeroVironment class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the AeroVironment class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the AeroVironment class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes.

Services may be performed by attorneys in any of our offices.

Contact:
Robbins Geller Rudman & Dowd LLP
Ken Dolitsky
Michael Albert
655 W. Broadway, Suite 1900, San Diego, CA 92101
800/851-7783
[email protected]

SOURCE Robbins Geller Rudman & Dowd LLP

Revenues of $4.9 billion (+8% as reported, +6% constant currency) Strong demand in United States, Latin America, APME and in select European countries including Italy, Spain, Poland and Norway Manpower had very strong revenue growth in the quarter. Experis revenue trends improved from previous quarters driven by the United States. Talent Solutions revenue trends also improved sequentially driven by RPO with ongoing solid MSP growth. Gross Profit growth combined with SG&A reductions generated meaningful growth in profitability year over year Sale of Jefferson Wells U.S. business for $100 million generating net cash proceeds of $88 million , /PRNewswire/ -- ManpowerGroup (NYSE: MAN) today reported net earnings of $1.13 per diluted share for the three months ended June 30, 2026 compared to net losses of $1.44 per diluted share in the prior year period. Net earnings in the quarter were $53.5 million compared to net losses of $67.1 million a year earlier. Revenues for the second quarter were $4.9 billion, an 8% increase from the prior year period.

The current year quarter included the sale of our Jefferson Wells U.S. business, strategic transformation program costs, restructuring costs, and a discontinued business liquidation charge which, in aggregate, positively impacted earnings per share by $0.14 in the second quarter. Excluding these items, earnings per share was $0.99 per diluted share in the quarter representing an increase of 27% in constant currency in the second quarter of 2026.1

Financial results in the quarter were also impacted by the U.S. dollar relative to foreign currencies compared to the prior year period. On a constant currency basis, revenues increased 6% compared to the prior year period.

Jonas Prising, ManpowerGroup Chair & CEO, said, "In the second quarter we delivered strong results with revenues ahead of expectations. Results reflect good execution across our brands and markets, continued cost discipline and improving demand. We are leveraging our scale and diversified platform and focusing commercial efforts on verticals that offer the greatest opportunities to win and capture share. We saw very strong growth in our Manpower brand and improving trends across Experis and Talent Solutions.

Throughout the quarter, we advanced our global strategic transformation program and expanded AI capabilities that improve productivity and unlock new higher-value solutions through critical strategic partnerships. Looking ahead, we maintain our view that 2026 represents an important inflection point for ManpowerGroup as we execute our transformation strategy and position the business for long-term durable profitable growth."

We anticipate diluted earnings per share in the third quarter will be between $0.96 and $1.06, which includes an estimated unfavorable currency impact of 2 cents and a 44% effective tax rate."

In conjunction with its second quarter earnings release, ManpowerGroup will broadcast its conference call live over the internet on July 16, 2026 at 7:30 a.m. Central time (8:30 a.m. Eastern time). Prepared remarks for the conference call, webcast details, presentation and recordings are included within the Investor Relations section of manpowergroup.com.

Supplemental financial information referenced in the conference call can be found at http://investor.manpowergroup.com/.

____________________

1

The prior year period included various adjustments which reduced earnings per share by $2.22 in the second quarter which are also excluded when determining the year over year adjusted trend.

About ManpowerGroup
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for more than 75 years. We are recognized consistently for our diversity – as a best place to work for Women, Inclusion, Equality, and Disability, and in 2026 ManpowerGroup was named one of the World's Most Ethical Companies for the 17th time – all confirming our position as the brand of choice for in-demand talent. For more information, visit www.manpowergroup.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, including statements regarding trends in labor demand and the future strengthening of such demand, the Company's financial outlook, and the Company's strategic initiatives and technology investments, including our ability to increase market share and the acceleration of transformation initiatives to remove structural costs from the organization to drive efficiencies, which are subject to risks and uncertainties. The Company's actual results may differ materially from those described or contemplated in the forward-looking statements due to numerous factors. These factors include those found in the Company's reports filed with the SEC, including the information under the heading "Risk Factors" in its Annual Report on Form 10-K for the year ended December 31, 2025, which information is incorporated herein by reference.

We caution that any forward-looking statement reflects only our belief at the time the statement is made. The Company assumes no obligation to update or revise any forward-looking statements. We reference certain non-GAAP financial measures, which we believe provide useful information for investors. We include a reconciliation of these measures, where appropriate, to GAAP on the Investor Relations section of our website at manpowergroup.com.

ManpowerGroup

Results of Operations

(In millions, except per share data)

Three Months Ended June 30

% Variance

Amount

Constant

2026

2025

Reported

Currency

(Unaudited)

Revenues from services (a)

$

4,860.2

$

4,519.3

7.5

%

5.8

%

Cost of services

4,079.9

3,755.6

8.6

%

6.8

%

  Gross profit

780.3

763.7

2.2

%

0.7

%

Selling and administrative expenses,
   excluding impairment charges

668.3

700.3

-4.6

%

-6.0

%

Impairment charges (b)

—

88.7

N/A

N/A

Selling and administrative expenses

668.3

789.0

-15.3

%

-16.6

%

  Operating profit (loss)

112.0

(25.3)

N/A

N/A

Interest and other expenses, net

19.6

16.5

18.1

%

  Earnings (loss) before income taxes

92.4

(41.8)

N/A

N/A

Provision for income taxes

38.9

25.3

54.2

%

  Net earnings (loss)

$

53.5

$

(67.1)

N/A

N/A

Net earnings (loss) per share - basic

$

1.14

$

(1.44)

N/A

Net earnings (loss) per share - diluted

$

1.13

$

(1.44)

N/A

N/A

Weighted average shares - basic

46.9

46.5

0.8

%

Weighted average shares - diluted

47.4

46.5

2.0

%

(a)

Revenues from services include fees received from our franchise offices of $4.5 million and $4.4 million for the three months ended June 30, 2026 and 2025, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $471.4 million and $428.7 million for the three months ended June 30, 2026 and 2025, respectively.

(b)

Impairment charges for the three months ended June 30, 2025 consist of a goodwill impairment related to our investments in Switzerland and the United Kingdom and an impairment of an indefinite lived intangible asset in our Switzerland business.

ManpowerGroup

Operating Unit Results

(In millions)

Three Months Ended June 30

% Variance

Amount

Constant

2026

2025

Reported

Currency

(Unaudited)

Revenues from Services:

  Americas:

      United States (a)

$

714.3

$

674.1

6.0

%

6.0

%

      Other Americas

498.0

385.9

29.0

%

23.8

%

1,212.3

1,060.0

14.4

%

12.5

%

  Southern Europe:

      France

1,177.6

1,149.3

2.5

%

0.0

%

      Italy

521.9

475.9

9.6

%

7.0

%

      Other Southern Europe

609.2

524.1

16.2

%

9.9

%

2,308.7

2,149.3

7.4

%

4.0

%

  Northern Europe

825.5

794.4

3.9

%

1.4

%

  APME

518.7

525.3

-1.2

%

5.0

%

4,865.2

4,529.0

  Intercompany Eliminations

(5.0)

(9.7)

$

4,860.2

$

4,519.3

7.5

%

5.8

%

Operating Unit Profit (Loss):

  Americas:

      United States

$

52.8

$

19.7

169.1

%

169.1

%

      Other Americas

19.1

16.4

15.5

%

11.8

%

71.9

36.1

99.0

%

97.3

%

  Southern Europe:

      France

28.4

32.3

-12.0

%

-13.9

%

      Italy

34.1

31.8

7.1

%

4.5

%

      Other Southern Europe

12.6

9.2

38.1

%

25.0

%

75.1

73.3

2.5

%

-1.0

%

  Northern Europe

2.0

(9.0)

N/A

N/A

  APME

23.9

26.4

-9.0

%

0.2

%

172.9

126.8

Corporate expenses

(53.9)

(55.1)

Impairment charges (b)

—

(88.7)

Intangible asset amortization expense

(7.0)

(8.3)

    Operating profit (loss)

112.0

(25.3)

N/A

N/A

Interest and other expenses, net (c)

(19.6)

(16.5)

    Earnings (loss) before income taxes

$

92.4

$

(41.8)

(a)

In the United States, revenues from services include fees received from our franchise offices of $2.7 million and $2.6 million for the three months ended June 30, 2026 and 2025, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $93.5 million and $87.1 million for the three months ended June 30, 2026 and 2025, respectively.

(b)

Impairment charges for the three months ended June 30, 2025 consist of a goodwill impairment related to our investments in Switzerland and the United Kingdom and an impairment of an indefinite lived intangible asset in our Switzerland business.

(c)

The components of interest and other expenses, net were:

2026

2025

        Interest expense

$

23.8

$

26.0

        Interest income

(4.8)

(8.2)

        Foreign exchange loss

1.7

1.3

        Miscellaneous income, net

(1.1)

(2.6)

$

19.6

$

16.5

ManpowerGroup

Results of Operations

(In millions, except per share data)

Six Months Ended June 30

% Variance

Amount

Constant

2026

2025

Reported

Currency

(Unaudited)

Revenues from services (a)

$

9,370.6

$

8,609.6

8.8

%

4.4

%

Cost of services

7,867.3

7,147.6

10.1

%

5.5

%

  Gross profit

1,503.3

1,462.0

2.8

%

-1.0

%

Selling and administrative expenses,
   excluding impairment charges

1,363.0

1,370.4

-0.5

%

-4.1

%

Impairment charges (b)

—

88.7

N/A

N/A

Selling and administrative expenses

1,363.0

1,459.1

-6.6

%

-10.0

%

  Operating profit

140.3

2.9

4702.9

%

4487.8

%

Interest and other expenses, net

32.5

28.0

16.1

%

 Earnings (loss) before income taxes

107.8

(25.1)

N/A

N/A

Provision for income taxes

51.8

36.4

42.2

%

  Net earnings (loss)

$

56.0

$

(61.5)

N/A

N/A

Net earnings (loss) per share - basic

$

1.20

$

(1.32)

N/A

Net earnings (loss) per share - diluted

$

1.19

$

(1.32)

N/A

N/A

Weighted average shares - basic

46.8

46.7

0.2

%

Weighted average shares - diluted

47.2

46.7

1.2

%

(a)

Revenues from services include fees received from our franchise offices of $8.3 million and $8.2 million for the six months ended June 30, 2026 and 2025, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $925.7 million and $847.1 million for the six months ended June 30, 2026 and 2025, respectively.

(b)

Impairment charges for the six months ended June 30, 2025 consist of a goodwill impairment related to our investments in Switzerland and the United Kingdom and an impairment of an indefinite lived intangible asset in our Switzerland business.

ManpowerGroup

Operating Unit Results

(In millions)

Six Months Ended June 30

% Variance

Amount

Constant

2026

2025

Reported

Currency

(Unaudited)

Revenues from Services:

  Americas:

      United States (a)

$

1,369.2

$

1,362.9

0.5

%

0.5

%

      Other Americas

958.7

753.8

27.2

%

21.6

%

2,327.9

2,116.7

10.0

%

8.0

%

  Southern Europe:

      France

2,246.2

2,115.0

6.2

%

-0.1

%

      Italy

996.6

873.7

14.1

%

7.2

%

      Other Southern Europe

1,167.2

994.6

17.4

%

8.1

%

4,410.0

3,983.3

10.7

%

3.5

%

  Northern Europe

1,615.6

1,525.2

5.9

%

-0.1

%

  APME

1,029.2

1,001.7

2.8

%

6.5

%

9,382.7

8,626.9

  Intercompany Eliminations

(12.1)

(17.3)

9,370.6

8,609.6

8.8

%

4.4

%

Operating Unit Profit (Loss):

  Americas:

      United States

$

54.9

$

31.0

77.2

%

77.2

%

      Other Americas

36.1

30.6

18.0

%

13.0

%

91.0

61.6

47.8

%

45.3

%

  Southern Europe:

      France

45.5

53.3

-14.6

%

-18.3

%

      Italy

62.8

56.4

11.2

%

4.9

%

      Other Southern Europe

21.0

13.8

53.1

%

37.9

%

129.3

123.5

4.8

%

-1.4

%

  Northern Europe

(6.2)

(27.3)

77.2

%

82.4

%

  APME

45.6

46.4

-1.8

%

5.1

%

259.7

204.2

Corporate expenses

(105.4)

(96.2)

Impairment charges (b)

—

(88.7)

Intangible asset amortization expense

(14.0)

(16.4)

    Operating profit

140.3

2.9

4702.9

%

4487.8

%

Interest and other expenses, net (c)

(32.5)

(28.0)

    Earnings (loss) before income taxes

$

107.8

$

(25.1)

(a)

In the United States, revenues from services include fees received from our franchise offices of $5.1 million and $4.8  million for the six months ended June 30, 2026 and 2025, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $171.9 million and $164.0 million for the six months ended June 30, 2026 and 2025, respectively.

(b)

Impairment charges for the six months ended June 30, 2025 consist of a goodwill impairment related to our investments in Switzerland and the United Kingdom and an impairment of an indefinite lived intangible asset in our Switzerland business.

(c)

The components of interest and other expenses, net were:

2026

2025

        Interest expense

$

49.5

$

48.5

        Interest income

(10.9)

(15.1)

        Foreign exchange loss

2.3

2.2

        Miscellaneous income, net

(8.4)

(7.6)

$

32.5

$

28.0

ManpowerGroup

Consolidated Balance Sheets

(In millions)

June 30,

December 31,

2026

2025

(Unaudited)

ASSETS

Current assets:

  Cash and cash equivalents

$

180.6

$

871.0

  Accounts receivable, net

4,733.8

4,770.3

  Prepaid expenses and other assets

217.0

149.1

      Total current assets

5,131.4

5,790.4

Other assets:

  Goodwill

1,483.4

1,544.6

  Intangible assets, net

415.7

430.1

  Operating lease right-of-use assets

360.8

392.7

  Other assets

868.5

879.1

      Total other assets

3,128.4

3,246.5

Property and equipment:

  Land, buildings, leasehold improvements and equipment

522.0

526.9

  Less: accumulated depreciation and amortization

406.9

403.7

      Net property and equipment

115.1

123.2

          Total assets

$

8,374.9

$

9,160.1

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:

  Accounts payable

$

2,593.7

$

2,721.1

  Employee compensation payable

216.3

232.3

  Accrued payroll taxes and insurance

668.8

672.1

  Accrued liabilities

452.1

457.6

  Value added taxes payable

410.1

418.1

  Short-term operating lease liability

102.2

107.4

  Short-term borrowings and current maturities of long-term debt

476.2

625.0

      Total current liabilities

4,919.4

5,233.6

Other liabilities:

  Long-term debt

567.3

1,052.1

  Long-term operating lease liability

274.3

304.3

  Other long-term liabilities

507.5

509.8

      Total other liabilities

1,349.1

1,866.2

Shareholders' equity:

  ManpowerGroup shareholders' equity

  Common stock

1.2

1.2

  Capital in excess of par value

3,585.8

3,572.5

  Retained earnings

3,754.8

3,732.3

  Accumulated other comprehensive loss

(399.1)

(412.1)

  Treasury stock, at cost

(4,836.4)

(4,834.3)

          Total ManpowerGroup shareholders' equity

2,106.3

2,059.6

  Noncontrolling interests

0.1

0.7

          Total shareholders' equity

2,106.4

2,060.3

             Total liabilities and shareholders' equity

$

8,374.9

$

9,160.1

ManpowerGroup

Consolidated Statements of Cash Flows

(In millions)

Six Months Ended

June 30,

2026

2025

(Unaudited)

Cash Flows from Operating Activities:

  Net earnings (Loss)

$

56.0

$

(61.5)

  Adjustments to reconcile net earnings to net cash used in operating activities:

    Depreciation and amortization

41.7

43.4

    (Gain) Loss on sales of subsidiaries, net

(24.5)

6.2

    Non-cash impairment of goodwill and other intangible assets

—

88.7

    Deferred income taxes

9.3

4.5

    Provision for credit losses

5.4

1.9

    Share-based compensation

13.6

15.3

  Changes in operating assets and liabilities:

    Accounts receivable

(49.2)

7.9

    Other assets

(91.9)

(92.4)

    Accounts payable

(89.9)

(209.6)

    Other liabilities

0.5

(147.2)

            Cash used in operating activities

(129.0)

(342.8)

Cash Flows from Investing Activities:

  Capital expenditures

(14.8)

(31.3)

  Acquisition of businesses, net of cash acquired

—

(1.0)

  Impact to cash resulting from sales of subsidiaries

87.5

(2.1)

  Proceeds from the sale of property and equipment

0.7

0.4

            Cash provided by (used in) investing activities

73.4

(34.0)

Cash Flows from Financing Activities:

  Net change in short-term borrowings

(16.9)

67.1

  Net proceeds from revolving debt facility

—

136.0

  Proceeds from long-term debt

3.3

0.1

  Repayments of long-term debt

(585.8)

(0.4)

  Payments of contingent consideration for acquisition

(0.8)

(1.3)

  Taxes paid related to net share settlement

(2.8)

(6.0)

  Repurchases of common stock and excise tax

(0.3)

(38.2)

  Dividends paid

(33.5)

(33.3)

            Cash (used in) provided by financing activities

(636.8)

124.0

Effect of exchange rate changes on cash

2.0

33.2

Change in cash and cash equivalents

(690.4)

(219.6)

Cash and cash equivalents, beginning of period

871.0

509.4

Cash and cash equivalents, end of period

$

180.6

$

289.8

SOURCE ManpowerGroup

In the retail coffee market, Starbucks gets a lot of attention. Its brand recognition, gargantuan physical footprint, and more than five-decade operating history support its strong industry position.

However, investors shouldn't overlook Dutch Bros (BROS 0.30%). The up-and-coming chain presents an exciting opportunity to potentially achieve a strong portfolio return.

I believe this coffee stock will double to $130 in five years. The company's impressive growth trajectory is why I think this will happen.

Image source: Getty Images.

Management isn't letting up At the end of 2021, there were 538 Dutch Bros locations in the U.S. This small number, mostly concentrated in the western and southern parts of the country, surged in recent years. As of March 31, there were 1,177 Dutch Bros coffee shops in total. The business opened its first store in the Chicago area in May, for instance, clearly expanding its geographic footprint.

Dutch Bros has huge growth ambitions. During its 2025 investor day, executives revealed that the goal is to reach 2,029 stores by 2029. The management team estimates that the U.S. has a total addressable market of 7,000 locations. This figure is six times larger than the current shop count.

The company's operating playbook focuses on small drive-through retail outlets, averaging 900 square feet in size and with no indoor seating. This strategy not only expands the potential real estate opportunity set, but can also lead to lower upfront capital investment.

These locations are performing well, despite the uncertain macro backdrop. Dutch Bros has reported systemwide same-store sales growth in at least the last nine consecutive quarters. This must definitely be the envy of the retail sector.

What's particularly encouraging is that the company's shops generate almost 75% of their sales after 10 a.m. Compared to the 50% share industry leaders report during this time, Dutch Bros has been able to differentiate itself in a notable way.

Today's Change

(

-0.30

%) $

-0.19

Current Price

$

63.86

Growth will drive financial performance It's no shock that opening new stores will support revenue and profit gains. This has been the case historically. Between 2022 and 2025, sales climbed 122%. The bottom line went from a $19 million net loss to a $117 million net profit, as advantages developed thanks to greater scale.

From 2025 to 2028, consensus analyst estimates call for Dutch Bros' adjusted diluted earnings per share to rise at a compound annual rate of 27%. Based on recent trends, this outcome isn't out of the question. Even accounting for growth decelerating toward the end of the decade, the stock still has a good chance of doubling in the next five years.

-

UL Listed, NFPA 72‑compliant communicator brings fire onto the Alarm.com for Business platform alongside intrusion, video, and access control

TYSONS, Va.--(BUSINESS WIRE)--Alarm.com (Nasdaq: ALRM), the leading platform for intelligently connected properties, today announced the launch of its Fire Communicator (ADC‑FC100), expanding Alarm.com for Business into the commercial fire category. With the addition of fire alongside intrusion, access control, and video, service providers can now standardize on Alarm.com for Business across the four major categories of commercial security.

The Fire Communicator replaces legacy POTS fire communications with reliable, dual-path signaling that works with both new and existing fire alarm control panels. Businesses can modernize fire monitoring without the cost and disruption of replacing current infrastructure, creating a more affordable path to updated fire communications while gaining real-time alerts and centralized visibility through Alarm.com services.

For service providers, this approach simplifies operations with one portal, one technician app, and one bill across all security categories. Businesses benefit from a more consistent experience with centralized alerts, reporting, and history for intrusion, access control, video, and fire monitoring.

“More than 20 years ago, Alarm.com transformed residential intrusion by combining reliable signal communication with a modern cloud platform and connected user experience,” said Dan Kerzner, President of Platforms Business at Alarm.com. “The Fire Communicator applies that same model to commercial fire, giving service providers a simpler way to manage installations, monitoring, and customer accounts while helping businesses bring fire monitoring into the same day-to-day workflows they already use for the rest of their security system.”

Modernizing Commercial Fire Through a Connected Platform

The Fire Communicator links the fire alarm control panel, monitoring station, and Alarm.com platform together. When a fire event occurs, the communicator transmits the alarm to the monitoring station while simultaneously delivering notifications to designated users through the Alarm.com app and services.

This approach provides critical information to both monitoring professionals and building operators while giving businesses the same familiar experience they already use for intrusion, access control, and video monitoring.

“In a little over five years, I’ve grown my commercial business with Alarm.com from four accounts to more than 1,600,” said Scott Davis of DDA Systems. “The Fire Communicator has the same Alarm.com benefits that helped us grow in other categories like intrusion and access control. What makes it so valuable is how simple it is to use. The communicator gives users and service providers real-time visibility into what’s happening with the system through an easy installation and app experience, helping them identify issues faster, respond quickly, and manage fire systems more efficiently.”

The Fire Communicator was recognized with a 2026 ESX Innovation Award in the Fire Detection and Life Safety Systems category, recognizing its role in modernizing commercial fire communications through a connected platform experience.

Designed for Compatibility and Reliability

Designed to work with a wide range of existing fire alarm control panels, the Fire Communicator enables businesses to modernize fire monitoring communications without replacing current infrastructure. The communicator connects to the fire panel through phone lines or relay outputs and passes signals to the central monitoring station.

Reliable dual‑path communication over Broadband and LTE transmits alarm signals even if one communication path is interrupted. Dual‑SIM capability allows the communicator to automatically switch carriers for improved signal reliability.

The communicator is UL Listed (UL 864), NFPA 72 compliant, and certified by CSFM, LAFD, and FDNY, meeting key safety requirements for commercial fire monitoring systems.

Availability

The Alarm.com Business Fire Communicator (ADC‑FC100) is entering General Availability in the United States through Alarm.com for Business service provider partners and participating distributors. Expansion into Canada is planned for a future release.

For more information about the Fire Communicator and Alarm.com’s commercial security and life safety solutions, visit www.alarm.com.

About Alarm.com

Alarm.com is the leading platform for intelligently connected properties. Millions of homeowners and businesses rely on Alarm.com’s technology to secure, monitor, and manage their environments from anywhere. Our comprehensive suite of solutions, including security, video surveillance, access control, active shooter detection, intelligent automation, energy management, wellness, and fire, are delivered exclusively through a trusted network of thousands of professional service providers and commercial integrators across North America and worldwide. Alarm.com’s common stock is traded on Nasdaq under the ticker symbol ALRM. To learn more, visit www.alarm.com.

More News From Alarm.com Holdings, Inc.

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USA: Maloobchodní tržby v červnu meziměsíčně podle předběžných dat vzrostly o 0,2 %

Vancouver, British Columbia--(Newsfile Corp. - July 16, 2026) - Metalsource Mining Inc. (CSE: MSM) (OTCQB: MSMMF) (FSE: E9Z) ("Metalsource" or the "Company") is pleased to announce the results of a recently completed induced polarization ("IP") survey designed to identify drill targets on strike from the historic Silver Hill mine. The survey identified approximately 2.4 kilometres of prospective strike length across two primary target areas, including a continuous 1.8 kilometre anomaly in the southern portion of the project area, in the immediate vicinity of Silver Hill, and an additional 600 metre IP anomaly in the northeast corner of the property.

These IP data and recent drilling results continue to validate Metalsource's exploration thesis that mineralization remains open in all directions, and there are significant opportunities to add scale to the mineralization discovered thus far through on strike and down dip exploration drilling.

Key Highlights

Phase 2 IP survey identifies approximately 2.4 kilometres of prospective target areas across the Silver Hill district.High priority drill targets display geophysical characteristics analogous to the mineralized corridor defined by recent drilling.Targets remain open north and south of the historic mine, significantly expanding the Company's exploration pipeline.Results strengthen management's evolving geological model that Silver Hill may comprise multiple mineralized occurrences rather than a single historic deposit.Company advancing plans to increase drilling capacity to simultaneously expand known mineralization and systematically test newly identified targets.

Figure 1: Plan view showing the extent of recently completed ground IP Survey. Right: Unfiltered polarization results. Left: Polarization results filtered to 20-35 msec to show anomalous trend. Note Project focus area includes the Silver Hill mine and a significant portion of the companies property position.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12035/305405_90115bf674546854_002full.jpg

Figure 2: Plan view showing resistivity results from ground IP survey with anomalous polarization data (points). Coincident polarization anomalies (20-35msec) with >1,500Ωm resistivity results is an exploration target. Note: Non-target resistivities removed for clarity on the right side of the image.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12035/305405_90115bf674546854_003full.jpg

High-Grade Drilling Validates IP Targeting Model

Exploration drilling completed to date at Silver Hill has demonstrated significant metal endowment within the Company's target horizon. Drilling has so far identified mineralization in up to 18 metres of drill core, and composite assay results of up to 209 g/t gold, 241 g/t silver, 18.8% lead, 39.4% zinc, and 5.4% copper (Table 1). The consistency of this polymetallic mineralization has established Silver Hill as an excellent candidate for electrical geophysics and provided the foundation for the Company's evolving exploration model.
At Silver Hill, the combination of IP chargeability and resistivity data provides two complementary and independently interpretable signals. Elevated chargeability values (greater than 20 milliseconds) are interpreted to potentially reflect the presence of metallic sulphide minerals, while resistivity distinguishes the silicified host of the mineralization (1,500 to 4,000 ohm-m) from both the conductive weathered saprolite at surface and the highly resistive volcanic package, which exceeds 5,000 ohm-m. This two parameter discrimination allows geophysically anomalous zones to be ranked not only by their sulphide content, but also by their host rock environment, enabling the identification of interpreted mineralization occurring at the favourable contact between volcanic flows and the underlying silicified host rocks.

Joe Cullen, CEO of Metalsource Mining, commented:

"This survey represents a major step forward in our understanding of the Silver Hill district. What excites us most is not simply the number of targets identified, but the quality of those targets. These targets exhibit geophysical characteristics analogous to the corridor where we've already delivered some of our strongest drill results. While these are exploration targets, not drill results, they provide us with a compelling pipeline of opportunities that we intend to begin testing as we continue to accelerate exploration.
As drilling, geophysics and geological interpretation continue to come together, our confidence in the broader district continues to grow. Our working geological model suggests Silver Hill may comprise multiple mineral occurrences rather than a single mineralized body, creating opportunities to expand the system both along strike and down dip.
With plans to increase drilling capacity, our strategy is straightforward. One drill program will continue systematically expanding the known Silver Hill deposit, while additional drilling evaluates these newly identified high priority targets. Selecting where to drill first has become one of the more difficult decisions because of the quality of the opportunities now in front of us, and we're excited to begin unlocking their potential aggressively in the near term."

Drill Hole IDFrom (m)To (m)Length (m)Au (g/t)Ag (g/t)Pb (%)Zn (%)Cu (%)AgEq (g/t)*SH25-0114.3232.4918.171.867.93.11.00.1267Including24.6932.497.803.266.13.60.90.1383Including24.6927.432.744.8139.97.11.20.3640SH25-0214.2329.5715.332.133.21.11.40.1237Including24.6629.574.915.761.52.73.80.1613Including26.4028.131.7413.268.72.90.50.11,155SH26-07129.91142.5212.6246.542.31.43.30.13,786Including135.58142.526.9584.054.81.11.80.26,730And139.78142.522.74209.193.60.31.20.116,604SH26-05116.10117.010.912.2241.016.634.60.21,170SH26-08186.05199.0012.951.342.56.513.40.2447Including186.05191.485.431.661.611.123.50.2705Including188.37191.483.112.294.117.236.00.31,063And196.44199.002.562.174.88.815.00.3604SH25-0316.9220.063.140.043.20.70.60.060Including16.9218.411.490.061.40.50.10.067SH25-0458.5560.111.550.240.41.52.60.0113Including59.5660.110.550.7103.03.96.00.0279SH26-10111.98116.594.600.723.92.76.10.1202Including116.01116.590.581.2146.813.617.60.3656SH26-11138.41149.0510.643.327.03.37.90.2434Including139.96149.059.083.730.33.78.50.2488Including142.98146.153.179.752.46.514.70.41,087Including142.98144.511.5219.192.011.725.10.52,050SH26-15218.66228.8410.182.116.41.52.90.4257Including218.66219.360.708.359.50.41.45.41,039Including226.13228.842.714.541.05.310.30.2594SH26-16224.45233.028.560.67.70.82.10.090Including224.45224.850.4011.323.81.56.00.1984Including232.87233.020.150.4146.018.839.40.0951SH26-17185.59185.750.150.721.53.810.50.5292SH26-18199.40211.2311.831.434.32.25.40.1245Including199.40200.801.407.319.71.516.00.3833Including199.40200.040.6413.836.82.729.80.71,580Including208.94211.232.291.7152.79.816.00.4636SH26-19218.60224.886.289.954.03.721.70.11,156Including218.60222.203.6016.543.72.832.20.11,789Including224.00224.880.882.7157.310.818.90.3762And227.93228.230.303.364.64.215.90.3609Table 1: Summary of exploration drilling results thus far at Silver Hill.

The Company believes the combination of systematic drilling, modern geophysics and structural interpretation is transforming Silver Hill from a historically mined property into a modern district scale exploration opportunity with multiple avenues for future growth.

What's Next

Accelerating Exploration - Management is advancing plans to increase drilling capacity to simultaneously expand the known Silver Hill deposit while systematically testing newly identified priority targets.

Multiple Assays Pending - Results remain outstanding from several completed drill holes, providing continued exploration catalysts as the current drill program advances.

Testing New Discovery Targets - Follow up drilling will prioritize the highest ranking IP anomalies exhibiting characteristics analogous to the Company's successful drilling.

Expanding the Geological Model - Ongoing drilling, IP surveys and geological interpretation will continue refining management's understanding of the Silver Hill district while evaluating opportunities to extend mineralization along strike, down dip and beyond the historic mine footprint.

Building District Scale Value - Management will continue evaluating strategic opportunities that strengthen the Company's ability to systematically explore and unlock the broader Silver Hill district.

Why This Matters to Investors

The Phase 2 IP survey represents a significant evolution in the Silver Hill story. Rather than simply identifying additional drill targets, the survey provides a property scale framework for systematically exploring the broader district and prioritizing future drilling.

Importantly, the newly identified targets exhibit geophysical characteristics analogous to the corridor where Metalsource has already intersected high-grade silver, gold, lead, zinc and copper mineralization. While these anomalies remain exploration targets until drill tested, they substantially expand the Company's pipeline of prospective targets and support management's evolving geological model that Silver Hill may comprise multiple mineralized centres extending beyond the historic mine footprint.

Combined with multiple pending assays, plans to increase drilling capacity and ongoing geological interpretation, the Company believes it is entering the next phase of exploration—one focused on not only expanding the known mineralization, but also systematically evaluating the broader district for additional discoveries.

Metalsource QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks, and duplicates within the sample stream. The drill core is cut in half with a diamond saw, with one half placed in sealed bags and shipped to the laboratory and the other half retained on site. Chain of custody is maintained from the drill to the submittal into the laboratory preparation facility.

Analytical testing is performed by ALS Geochemistry (Reno, NV) and ALS Canada (Vancouver, BC). The entire sample is crushed to 70% passing 2mm mesh, with a 250 gram split pulverized to 85% passing minus 75 micron. A four-acid digest is performed on 0.25g of sample to quantitatively dissolve most geological materials. Analysis is performed with a combination of ICP-AES and ICP-MS and fire assay.

The exploration results described herein are preliminary in nature and are insufficient to define a mineral resource. Further drilling is required to determine the continuity, geometry, and grade distribution of mineralization. At the time of this release analytical results remain pending.

*Metal values used in AgEq calculations are from the 200-day moving average values from 2/6/2026, and all values are in USD. PAu= $124.5/g, PAg= $1.58/g, PCu= $4.9/lbs, PPb=$0.90/lbs, PZn=$1.11/lbs, 0.00220462262 = grams-to-pounds conversion factor, 22.0462262 = pounds per tonne for 1% metal. Metal recoveries used in the AgEq calculation are Au: 95.5%, Ag: 92.9%, Pb: 89.2%, Zn: 93.8% and Cu 90.8%. These recovery values are derived from batch metallurgical testing used to estimate recoveries of Silver Hill ores, completed in 1988. Individual metal values in the results table are composited values and not factored by recovery. Metal recoveries are applied to their respective component of the AgEq calculation only.

Qualified Person
All scientific and technical information has been reviewed and approved by Darcy Vis, B.Sc., P.Geo., President of Tripoint Geological Services Ltd., a contractor of the Company, and a Qualified Person as defined under National Instrument ("NI") 43-101 - Standards of Disclosure for Mineral Projects.

Silver Hill Project

Located in the Carolina Terrane, the property is underlain by volcaniclastic and volcano-sedimentary rocks predominantly of Neoproterozoic and Cambrian age. Current interpretations suggest this terrane is an extension of the Avalon Terrane. The property is 1,225 acres located in Davidson County, North Carolina. As the first significant discovery and first silver-producing mine in America, the property is supported by an extensive historic dataset, including drillhole data, underground mapping, historic dumps and underground chip samples. Currently known mineralization extends to 550m from surface, in a steeply trending series of lenses, which remain open in multiple directions.

Byrd-Pilot Mountain Project

The Byrd-Pilot Mountain Project is located in central North Carolina within the Carolina Terrane. Initial USGS surveys in the 1980s identified the area as a potential host for a porphyry gold-copper system. Subsequent exploration demonstrated broad gold mineralization in soils, trenches, and shallow RC drilling, coincident with strong self-potential anomalies. Geology shows intense quartz-sericite-pyrite alteration, high-sulfidation signatures, and high-alumina minerals (like Haile and Brewer deposits to the south), suggesting potential for a large epithermal or porphyry-related gold system. Geologic modelling of currently identified mineralization indicates an east-west trend open in multiple directions, with oxidation noted down to a depth of 30m. No drilling has tested the Meridian discovery zone since those 1980s campaigns, leaving potential for significant resource expansion through work commitments of the agreement.

About Metalsource Mining Inc.

Metalsource Mining Inc. is a U.S.-focused precious and critical metals exploration company advancing the Silver Hill Project in North Carolina, widely recognized as America's first silver mine. A historically producing mining district dating back to 1839, Silver Hill produced silver, gold, lead and zinc during the formative years of the American mining industry and remains one of the most historically significant mining assets in the United States.

The Company is focused on expanding known mineralization, advancing toward a modern resource estimate, and unlocking the broader potential of the Silver Hill district through systematic drilling, geological modeling and modern exploration techniques.

Metalsource Mining
America's First Silver Mine. Modern Exploration. Historic Opportunity.

For further information, please contact:
Joe Cullen CEO - Metalsource Mining Inc.
Tel: (778) 919-8615
Email: [email protected]

Cautionary Note About Forward-Looking Statements

This news release may include forward-looking statements that are subject to risks and uncertainties. By its nature, this information is subject to ‎‎inherent risks and ‎‎uncertainties that may be general or specific and which give rise to the possibility that ‎‎expectations, ‎‎forecasts, predictions, projections, or conclusions will not prove to be accurate, that ‎‎assumptions may not ‎‎be correct, and that objectives, strategic goals and priorities will not be achieved. ‎‎These risks and ‎‎uncertainties include but are not limited those identified and reported in the Company's ‎‎public filings ‎‎under the Company's SEDAR profile at www.sedarplus.ca. Although the Company has ‎‎attempted to identify ‎‎important factors that could cause actual actions, events, or results to differ ‎‎materially from those ‎‎described in forward-looking information, there may be other factors that cause ‎‎actions, events or ‎‎results not to be as anticipated, estimated or intended. There can be no assurance that ‎‎such information ‎‎will prove to be accurate as actual results and future events could differ materially from ‎‎those ‎‎anticipated in such statements. The Company disclaims any intention or obligation to update or ‎‎revise any ‎‎forward-looking information, whether as a result of new information, future events or ‎‎otherwise unless ‎‎required by law.‎

Neither the CSE nor the Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305405

Source: Metalsource Mining Inc.

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Race to stores for the exclusive 2017 Nissan GT-R (R35) die-cast supercar

, /PRNewswire/ -- Start your engines: 7-Eleven, Inc. is back in the fast lane with Hot Wheels®, dropping an exclusive 2017 Nissan GT-R (R35) die-cast car in collaboration with Mattel, Inc. (NASDAQ: MAT), a leading global play and family entertainment company and owner of one of the most iconic brand portfolios in the world.* The toy car brings together two beloved pop culture brands for another high-octane release inspired by speed and nostalgia.

Race to stores for the exclusive 2017 Nissan GT-R (R35) die-cast supercar For the second year in a row, 7-Eleven and Hot Wheels are releasing an exclusive 7-Eleven-branded die-cast toy car available at participating 7-Eleven®, Speedway® and Stripes® store locations and 7Collection.com, the retailer's official online merchandise shop, while supplies last. This year's collectible puts the spotlight on the high-performance 2017 Nissan GT-R (R35), a legendary model beloved by car enthusiasts. The model features a sleek white wrap with 7-Eleven's iconic logo on the hood and sides, creating the kind of die-cast livery collectors love to discover.

With this latest Hot Wheels drop, fans can head to participating stores nationwide and 7Collection.com to grab the exclusive die-cast supercar before it speeds away. Plus, fans can stay tuned for an expanded limited-edition merch drop coming soon to 7Collection.com.

*Limited time only, while supplies last. Available exclusively on 7Collection.com. ©2026 7-Eleven, Inc. All rights reserved.

About 7-Eleven, Inc.
7-Eleven, Inc. is the premier name in the U.S. convenience-retailing industry. Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 13,000 stores in the U.S. and Canada. In addition to 7-Eleven® stores, 7-Eleven, Inc. operates and franchises Speedway®, Stripes®, Laredo Taco Company® and Raise the Roost® Chicken and Biscuits locations. Known for its iconic brands such as Slurpee®, Big Bite® and Big Gulp®, 7-Eleven offers customers fresh, high-quality and convenient food options like sandwiches, salads, side dishes, cut fruit and protein boxes, as well as pizza, chicken wings and mini beef tacos. 7-Eleven also offers customers industry-leading packaged products at an outstanding value with its 7-Select™ private brand. Customers can earn and redeem points on various items in stores nationwide through its 7Rewards® and Speedy Rewards® loyalty programs, which have more than 100 million members. Customers can also place an order in the 7NOW® delivery app with real-time tracking and delivery typically in about 30 minutes, depending on the market, driver availability, weather, traffic conditions, and other factors. Find out more online at www.7-eleven.com.

About Mattel
Mattel is a leading global play and family entertainment company and owner of one of the most iconic brand portfolios in the world. We engage consumers and fans through our franchise brands, including Barbie®, Hot Wheels®, Fisher-Price®, American Girl®, Thomas & Friends™, UNO®, Masters of the Universe®, Matchbox®, Monster High®, Polly Pocket®, as well as other popular properties that we own or license in partnership with global entertainment companies. Our offerings include toys, content, consumer products, digital and live experiences. Our products are sold in collaboration with the world's leading retail and ecommerce companies. Since its founding in 1945, Mattel is proud to be a trusted partner in empowering generations to explore the wonder of childhood and reach their full potential. Visit us at mattel.com.

SOURCE 7-Eleven, Inc.