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BOSTON--(BUSINESS WIRE)--DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its second quarter 2026 results after the close of market trading on Thursday, August 6, 2026. DraftKings will host a conference call and audio webcast the following morning, Friday, August 7, 2026, at 8:30 a.m. ET, during which management will discuss the Company's results and provide commentary on business performance. To listen to the audio webcast and live Q&A, pl.

Conference call scheduled for Thursday, August 13, 2026, at 4:30 p.m. Eastern time July 15, 2026 09:00 ET  | Source: Workhorse Group, Inc.

DETROIT, July 15, 2026 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse”) a North American OEM and provider of all-electric trucks, shuttles and buses, plans to conduct a conference call to discuss its second quarter results and business outlook on Thursday, August 13, 2026, at 4:30 p.m. Eastern time.

Prior to the conference call, Workhorse will issue its second quarter earnings press release. The press release, once posted, may be viewed on Workhorse’s website at ir.workhorse.com.

A link to listen to the conference call webcast will be available on the Investor Relations section of Workhorse’s website.

The phone numbers to listen via telephone are (877)-407-0789 (U.S.) or (201)-689-8562 (international). A telephonic replay of the conference call will be available after 7 p.m. Eastern time on the same day through August 27, 2026.

Toll-free replay number: (844)-512-2921

International replay number: (412)-317-6671

Replay ID: 13761353

About Workhorse Group Inc.

Headquartered in the Detroit area with a commercial-scale manufacturing plant in Union City, Indiana, Workhorse (Nasdaq: WKHS) is redefining what a medium-duty truck should be. Workhorse builds software-first electric trucks, shuttles and buses that are powerful, cost-efficient, reliable, safe and comfortable — all with zero tailpipe emissions. Our deep experience building electric vehicles at scale drives intentional innovations designed to help customers lower operating costs, improve fleet performance, enhance the driver experience, and maximize uptime without compromise. More information is available at www.workhorse.com.

Media Relations Contacts:
Workhorse
John Williams, Communications
+1-206-660-5503, [email protected]

ICR, Inc.
[email protected]

Investor Relations Contact:
[email protected]

NEW YORK--(BUSINESS WIRE)--JetBlue (NASDAQ: JBLU) today announced a new partnership with ClarityPay, introducing a flexible new payment option for customers booking flights directly through JetBlue. Starting today, eligible customers booking on jetblue.com and the JetBlue mobile app can access financing options through ClarityPay, providing more choice when planning and purchasing travel. To celebrate the launch, customers can also take advantage of an introductory offer of 0% APR on terms up t.

PARSIPPANY, N.J.--(BUSINESS WIRE)---- $ZTS #animalhealth--Zoetis Inc. (NYSE: ZTS) today announced that it has recently launched Lenivia® (izenivetmab injection) in Canada and the European Union (EU) member states – a new long-acting monoclonal antibody (mAb) therapy designed to deliver up to three months of osteoarthritis (OA) pain management with a single subcutaneous injection. Backed by a decade of science and research, Lenivia demonstrated a sustained reduction in pain in a pivotal nine-month European field study.

Elevance Health (ELV - Free Report) came out with quarterly earnings of $7.45 per share, beating the Zacks Consensus Estimate of $6.18 per share. This compares to earnings of $8.84 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +20.55%. A quarter ago, it was expected that this health insurer would post earnings of $10.68 per share when it actually produced earnings of $12.58, delivering a surprise of +17.79%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Elevance Health, which belongs to the Zacks Medical Services industry, posted revenues of $49.83 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.85%. This compares to year-ago revenues of $49.42 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Elevance Health shares have added about 21.8% since the beginning of the year versus the S&P 500's gain of 10.2%.

What's Next for Elevance Health?While Elevance Health has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Elevance Health was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $5.00 on $48.54 billion in revenues for the coming quarter and $26.86 on $194.24 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Medical Services is currently in the bottom 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Ardent Health, Inc. (ARDT - Free Report) , is yet to report results for the quarter ended June 2026.

This company is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents a year-over-year change of -67.3%. The consensus EPS estimate for the quarter has been revised 2.1% higher over the last 30 days to the current level.

Ardent Health, Inc.'s revenues are expected to be $1.62 billion, down 1.3% from the year-ago quarter.

Spending on travel and tourism continues nearly unabated. Total U.S. tourism spending reached approximately $1.35 trillion in 2025, according to the U.S. Travel Association's Fall 2025 Forecast. Globally, that number reached a historic level of $2.1 trillion.

Baby boomers had the highest per-trip spending among all generations. Around 23% spent $6,000 or more per trip, according to a 2025 Phocuswright survey. By comparison, 17% of millennials and younger travelers and 16% of Gen X reached that same spending level.

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At a time when investors are looking for alternatives outside of the technology/artificial intelligence (AI) trade, travel and tourism stocks are one area inside the beaten-down consumer discretionary sector to consider. Two names that have sector- and market-leading performance are Marriott International NYSE: MAR and Viking Holdings NYSE: VIK.

Affordability: The Canary in the Coal MineThe word for 2026 may be affordability. It’s front and center for many American consumers heading into the 2026 midterm elections. Much of that debate centers around housing and is reflected in travel spending for both baby boomers and young adults.

A recent Bank of America analysis found baby boomers' spending grew 2% over the previous year, with much of it going toward travel and hotels. That's not surprising. About 54% of this generation's homeowners have no mortgage.

With current mortgage rates still well above the sub-4% rates many boomers locked in years ago, there's little financial incentive to sell. Trading up or downsizing would mean swapping a paid-off house or a cheap, fixed-rate mortgage for a much more expensive one. The result: money that might have gone toward a move stays in the household budget, and some of it goes toward travel instead.

Before making assumptions about their motivation, it’s important to note that baby boomers think about affordability, but in a different way. They may feel comfortable right now, but they’re very concerned about outliving their money.

So, while boomers may bemoan the younger generation’s willingness to spend on travel and experiences rather than saving for a down payment, it’s really two sides of the same debate. One has assets they’re afraid to lose. Another is afraid that they’ll never be able to have those assets, no matter how much they save.

No matter how much consumers look at the Federal Reserve’s interest rate policy, there’s no quick fix for the housing market. That's why travel stocks have a long runway.

Marriott: Priced for Perfection Ahead of Q2 EarningsMarriott International Stock Forecast Today12-Month Stock Price Forecast:
$384.73
5.93% Upside

Moderate Buy
Based on 16 Analyst Ratings

Current Price$363.19High Forecast$446.00Average Forecast$384.73Low Forecast$345.00Marriott International Stock Forecast Details

Marriott's brand strength is undeniable. Despite geopolitical concerns, the company delivered a strong Q1 2026 earnings report, with revenue of $6.65 billion, and beat the adjusted earnings-per-share (EPS) consensus by 7% to $2.72. The company also guided to adjusted EPS of $3.03 in Q2. That includes what Marriott forecasts will be a 50% RevPAR decline in the Middle East.

The number that really highlights the bull case is credit card fee revenue, forecast to grow 35% in 2026. This is a royalty stream no hotel rival can match at this scale.

If investors will take issue with anything, it will be a price-to-earnings (P/E) ratio near 38x. Plus, MAR is trading only about 6% below its consensus price target of $384.73. Marriott is already priced for good news.

That makes the company’s upcoming earnings on August 3, a "confirm, don't surprise" event rather than a catalyst. For income-focused investors, the quarterly dividend, recently raised to 73 cents per share, offers a cushion that the growth case alone does not.

Viking: Booking Curve Points to Multiyear GrowthViking Stock Forecast Today12-Month Stock Price Forecast:
$100.17
2.65% Upside

Moderate Buy
Based on 19 Analyst Ratings

Current Price$97.58High Forecast$121.00Average Forecast$100.17Low Forecast$75.00Viking Stock Forecast Details

Viking is also one of the travel industry's strongest forward growth stories. The company’s Q1 2026 EPS came in at negative 11 cents per share, matching estimates. This is a normal seasonal loss for a cruise operator between sailing seasons.

The number that matters the most is the company’s booking outlook:

2026 is already 92% booked, with $6.2 billion in advance bookings, up 13% year over year.

2027 is already 38% booked, with $3.4 billion in advance bookings, up 31% year over year.

That reflects a customer base with both the means and the inclination to keep booking regardless of monthly economic data. Add in 15% core capacity growth planned for 2027, plus new river, ocean, and expedition vessels coming online, and Viking's growth runway looks very long.

Analysts largely agree. However, VIK is trading almost right at its consensus price target of $100.17. That means Viking will have to reassure investors when it reports earnings on August 18. Investors will want to see continued strength in the company’s booking trajectory.

Same Trade, Different Time HorizonBoth Marriott and Viking are ultimately playing the same hand: an affluent consumer who keeps spending on travel because housing has boxed them in. However, each monetizes that behavior differently.

Marriott collects its revenue and earnings one stay at a time, through a fee model already reflected in its price. Viking collects its revenue and earnings years in advance through a booking curve that the market may not have fully priced.

Neither of these stocks is a bad buy as long as the broader economic picture doesn’t deteriorate. It can come down to an objective. Marriott is a blue-chip name that pays a dividend, which may be significant enough to overcome objections about its relatively high valuation.

By contrast, Viking has shown explosive growth since it began publicly trading in 2024. The company’s booking forecasts show no sign of that growth slowing, which is why VIK may be the better choice for investors seeking growth over a longer time horizon.

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AI models are becoming ever more capable, but exactly what enterprise adoption will look like remains a big question. In a bid to shape that future, labs like Anthropic and OpenAI have spun up separate businesses dedicated to deploying AI engineers to their customers’ offices — a bet that assisting businesses in figuring out how to use their AI models is the next trillion-dollar category. 

One of those businesses now has a name: Ode with Anthropic is the $1.5-billion, AI implementation company that the AI lab launched in May as part of a joint venture with Blackstone, Hellman & Friedman, Goldman Sachs and others. The move follows OpenAI’s own take on this, The Deployment Company, underscoring a growing acknowledgement among frontier AI labs that winning enterprise customers requires far more than shipping better models. 

Ode was originally conceived by Blackstone, which noticed a gap when it had roped in large consulting firms and small AI services boutiques to implement AI across its portfolio companies. One of those boutiques, AI engineering services startup Fractional AI, apparently stood out, and the joint venture acquired the startup shortly after it was announced. (Fractional ended an 11-month partnership with OpenAI when it was acquired.)

Fractional has become the foundation of what is now Ode — a kind of “scaled boutique” AI services firm. And its leaders have ambitious goals.

“It’s pretty easy to imagine this as a trillion-dollar company someday if we execute well,” Chris Taylor, CEO of Ode and co-founder of Fractional, told TechCrunch in an exclusive interview. “The key challenge of the business is how do you go through that phase of hyper growth without losing the emphasis on quality?”

Ode currently employs 100 engineers, and works closely with Anthropic’s applied AI team to identify where the tech can have an impact on different businesses, and create systems tailored to each organization’s operations.

Anthropic’s internal team will continue to focus on strategic, mission-aligned deployments, a spokesperson told TechCrunch. The private equity firms backing Ode will funnel their own portfolio companies to the joint venture as potential customers, though Ode will not limit sales of its services to those companies. 

For Ode, an ideal customer is one whose CEO buys into the promise, according to Taylor. 

“A lot of the work that we’re doing is the top one or two priority for the CEO of the company,” Taylor said. “It’s the most important product feature that the company is going to build over the course of the next two years, or it’s reworking the most important business process they have.”

Ode will operate under a “Claude-first” principle, meaning it will implement Anthropic’s technology, including features like Claude Tag in Slack, whenever possible. The company isn’t limited to Anthropic’s technology, though, and will use rival AI products if needed. 

Eddie Siegel, Ode’s chief technologist and a Fractional co-founder, says the venture’s secret sauce is its quality of implementation, and the ability to build custom solutions for business problems.

“I think model selection matters, but it’s not where the majority of calories are spent,” Siegel said. “It’s one ingredient in a system that has to be engineered. It’s like the choice of programming language when you build a piece of software […] I would not define an enterprise transformation in terms of whether they choose Python or Java.”

Taylor added the founding belief behind Ode is that “non-AI companies  are going to be among the big winners of this whole AI moment if they adopt the technology the right way.” But to take AI, “this magic, hallucinating ingredient,” and rewire core business processes or customer experiences with it requires a lot of help, he said. 

“That requires top-caliber applied AI talent, which is not something most companies have,” Taylor said. 

Ode’s executives describe their team as elite generalist software engineers, over half of whom are former founders — the kind of people who can “juggle a really challenging technical problem, but also own something end-to-end,” per Siegel. Or as one Blackstone executive put it: a team of “grown-up” engineers, the “special forces” rather than an army of forward-deployed engineers (FDEs). 

As several people involved in the venture told TechCrunch, demand for such FDE teams far outstrips supply. Ode’s goal is to continue scaling, internationally too, while maintaining its boutique firm positioning — in other words, running constant evaluations to measure the business impact of AI implementations.  

But in a world where top engineering talent is already scarce, maintaining and growing such a team presents a real challenge. If becoming an elite applied AI engineer requires experience as an entrepreneur, systems-first thinking, AI chops, and enterprise product judgement, would Ode be able to train enough people to meet demand?

Compound those difficulties with the fact that Ode will be competing not only with OpenAI’s The Deployment Company, but also with consulting giants like Deloitte and Accenture, which have created their own FDE teams.

Siegel isn’t too worried about a dwindling pool of grown-up generalist engineers.

“It has never been an easier time to become an entrepreneur,” he said. “You learn so much by trying to own problems end-to-end, going to try and get product-market fit, move the needle on a business. You learn a lot there that you don’t learn from just solving a narrow problem. That’s the skill set that fits really well with Ode.”

Whether enough of those engineers will show up remains an open question. But if Ode and its backers are right, the next great AI race won’t just be about the best models, but about who can successfully put those models to work inside the world’s largest companies. 

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

/ / Japanese Yen Technical Outlook: USD/JPY Coils Below 2024 High Resistance USD/JPY is contracting within the monthly range just below major resistance at multi-year highs. Battle lines drawn as intervention fears loom.

15/07/2026

7/15/2026 1:02:00 PM

Japanese Yen Technical Outlook: USD/JPY Multi-Timeframe Analysis USD/JPY has failed to close above the 2024 swing high for a third straight week, keeping Bank of Japan intervention risk in play. Michael Boutros, Senior Market Analyst at FOREX.com, breaks down the multi time frame setup and the exact levels that would confirm a breakout or a deeper reversal.

This content was created by an affiliate of FOREX.com and represents the views and opinions of the author/speakers, not the views and opinions of Forex.com, StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by FOREX.com.

Key USD/JPY Economic Data Releases

Active Short-term Technical Charts US Dollar Short-term Outlook: USD Uptrend Faces Make-or-Break Test After CPI Euro Short-term Outlook: EUR/USD Coils Above Critical Support- Decision Time Gold Price Short-term Outlook: XAU/USD Bulls Try to Carve Out a Low After 30% Drop Canadian Dollar Short-term Outlook: USD/CAD Coils Below Resistance—Breakout Looms Australian Dollar Outlook: AUD/USD Holds Major Support—Reversal Risk Builds Swiss Franc Short-term Outlook: USD/CHF Overbought Rally Tests Major Resistance --- Written by Michael Boutros, Senior Technical Strategist

Follow Michael on X @MBForex

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SummaryKratos Defense & Security Solutions earns a cautious Buy on strong backlog, book-to-bill, and funded multi-year growth visibility.KTOS’s premium valuation is justified by standout organic growth, margin-accretive mix evolution, and a robust pipeline, despite lumpy revenue timing.Dilution from equity raises is a real drag, but EV and EBITDA growth, not per-share metrics, should be the investor’s focus.Sustained book-to-bill ratio declines or cash conversion issues are key downside triggers; growth remains the critical pillar supporting KTOS’s multiple. Getty Images

The most challenging aspect of underwriting a long position in Kratos Defense & Security Solutions (KTOS) is underwriting the valuations, even after a correction that has pulled them back significantly from 2025 highs. My cautious

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

15.7.2026 15:14, ELV

Americká zdravotní pojišťovna Elevance Health zveřejnila výsledky hospodaření za druhý kvartál roku 2026. Očištěný zisk na akcii ve výši 7,45 USD překonal průměrný analytický odhad 6,18 USD. Společnost zároveň zvýšila celoroční výhled tohoto ukazatele na minimálně 27,00 USD. Zvýšení výhledu však podle analytiků zaostalo za rozsahem překonání odhadů ve čtvrtletí a nenaplnilo vysoká očekávání investorů.

Výsledky společnosti Elevance Health (ELV) za 2Q 2026   2Q 2026 Konsensus 2Q 2026 2Q 2025 Výnosy (mld. USD) 49,83 48,75 49,42 Čistý zisk (mld. USD) 1,46 --  1,74 Očištěný zisk na akcii (EPS, USD/akcie) 7,45* 6,18 8,84 *Výsledek na úrovni zisku byl podpořen příznivým vývojem nákladů na zdravotní péči a čistým přínosem položek pod provozní úrovní ve výši přibližně 0,80 USD na akcii, mimo jiné díky vyšším výnosům z investic.

Výsledky za 2Q Provozní výnosy meziročně vzrostly o 0,8 % na 49,83 mld. USD. Výnosy se dají rozdělit následovně:

Předepsané pojistné meziročně stagnovalo na 41,28 mld. USD, nicméně překonalo konsensus ve výši 39,88 mld. USD. Výnosy z prodeje produktů vzrostly o 3,7 % na 6,26 mld. USD, mírně pod odhadem 6,34 mld. USD. Poplatky za služby zaznamenaly růst o 8,3 % na 2,28 mld. USD při očekávání 2,24 mld. USD.

Výnosy pojišťovacího segmentu Health Benefits vzrostly o 2,7 % na 42,72 mld. USD při očekávání 41,1 mld. USD. Provozní zisk segmentu však meziročně klesl o 42,6 % na 896 mil. USD a nedosáhl odhadu 1,04 mld. USD. Provozní marže segmentu činila 2,1 % oproti 3,8 % před rokem, přičemž trh očekával 2,37 %. Pokles ziskovosti odráží vyšší náklady na zdravotní péči a cílené investice.

Výnosy segmentu Carelon, který zahrnuje lékárenské a zdravotnické služby, vzrostly o 6 % na 19,2 mld. USD:

Divize CarelonRx zaznamenala růst o 5,7 % na 11,25 mld. USD při konsensu 10,73 mld. USD. Divize Carelon Services vykázala růst o 7,2 % na 7,98 mld. USD, což bylo nad očekáváním 7,46 mld. USD. Podíl nákladů na zdravotní péči meziročně vzrostl o 80 bazických bodů na 89,7 %, byl však pod odhadem trhu ve výši 90,1 %. Růst byl způsoben očekávanými zvýšenými náklady na zdravotní péči ve vládních programech, částečně kompenzovanými zlepšenou výkonností v individuálním pojištění ACA.

Počet zdravotně pojištěných osob meziročně klesl o 1,5 % na 44,95 mil., mírně pod odhadem 44,98 mil.

Výhled na rok 2026 Společnost zvýšila výhled na celý rok 2026 a nyní očekává očištěný zisk na akcii minimálně 27,00 USD, zatímco dříve počítala s hodnotou minimálně 26,75 USD. Konsensus trhu činil 26,85 USD.

Komentář CEO „Naše výsledky za druhý kvartál překonaly náš výhled, podpořeny disciplinovanou realizací a zlepšenou provozní výkonností napříč naším diverzifikovaným portfoliem. Zvyšujeme náš výhled očištěného zisku na akcii pro rok 2026 na minimálně 27,00 USD a urychlujeme cílené investice do klíčových oblastí, na kterých záleží nejvíce: řízení nákladů na zdravotní péči, zkušenost členů, propojení s poskytovateli péče, provozní efektivita a řešení společnosti Carelon založená na hodnotě. Tyto kroky posílí způsob našeho fungování, zlepší naši dlouhodobou konzistentnost a upevní naše přesvědčení o návratu k minimálně 12% růstu očištěného zisku na akcii v roce 2027 v porovnání s výchozí základnou zisků z roku 2026,“ uvedla generální ředitelka Gail K. Boudreaux.

Pohledy analytiků Analytik David Windley z Jefferies uvedl, že vzhledem k růstu akcií zdravotních pojišťoven od prvního čtvrtletí trhu pravděpodobně nebude stačit jen mírné překonání odhadů a mírné zvýšení výhledu. Poznamenal také, že vedení označuje vývoj nákladů v programu Medicaid za odpovídající obezřetnému celoročnímu výhledu, zdá se však, že tento vývoj částečně vymazal pozitivní překvapení v Medicare Advantage a individuálním pojištění.

Analytik Whit Mayo z Leerinku hodnotí výsledky za druhý kvartál jako solidní, přišly však s menším pozitivním překvapením u podílu nákladů na zdravotní péči, než trh očekával, a se slabšími výsledky segmentu Carelon. Překonání odhadů u zisku na akcii bylo podle něj podpořeno vyššími výnosy z investic a jednorázovými přínosy. Vzhledem k předchozímu růstu akcie považuje dnešní pokles za opodstatněný.

Analytik Andrew Mok z Barclays uvedl, že ačkoli se výsledky vyvíjejí pozitivně, společnost nepřinesla žádnou dodatečnou pozitivní zprávu ohledně programu Medicaid. Zvýšení výhledu zisku na akcii podle něj zaostalo za očekáváními.

Analytička Elizabeth Anderson z Evercore ISI poznamenala, že zisk segmentu Health Benefits byl v kvartále slabší kvůli investicím do růstu. Očekávání před zveřejněním výsledků byla podle ní vysoká a podíl nákladů na zdravotní péči mírně zaostal za očekáváními investorů, kteří počítali s překonáním konsensu o zhruba 30 a více bazických bodů.

Akcie Elevance Health Akcie Elevance Health (ELV) v předburzovní fázi obchodování oslabují o 7,45 % na 395 USD.

Akcie Elevance Health (ELV) před výsledky na 426,79 USD Ukazatel   Ukazatel   Kapitalizace (mld. USD) 92,7 P/E 17,5 Vývoj za letošní rok (%) +21,7 Očekávané P/E 15,9 52týdenní minimum (USD) 273,7 Prům. cílová cena (USD) 439,5 52týdenní maximum (USD) 436,2 Dividendový výnos (%) 1,6 Zdroj: Elevance Health, Bloomberg

Michal Bárta, Fio banka, a.s.

July 15, 2026 09:00 ET  | Source: Willis Towers Watson US LLC

NEW YORK, July 15, 2026 (GLOBE NEWSWIRE) -- Average salary increase budgets for US companies in 2027 are expected to remain stable at 3.4%, just slightly lower than 2026’s actual increase of 3.5%. This is according to the latest Salary Budget Planning Report by WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company.

The report found that pay budgets remained largely steady in 2025, with nearly 60% of organizations reporting no change between anticipated and actual salary budgets. Cost management pressures (32%), a tighter labor market (28%) and inflationary concerns (27%) continue to drive employers’ cautious approach to salary planning.

“Salary budgets may be holding steady, but the way organizations are using those dollars is changing significantly. Employers are moving away from broad-based increases and toward more precise, performance-driven pay strategies that target the roles, skills and talent segments that matter most,” said Brittany Innes, senior director, Rewards Data Intelligence, WTW.

This shift is already reshaping how employers manage compensation programs. More than one-third (33%) are adjusting their programs, with another 15% planning future changes. Other changes include: hiring at higher salary ranges (36%), increasing the use of retention bonuses or spot awards to help secure key employees (34%) and raising starting salary ranges (32%).

Economic uncertainty and financial pressures are also contributing to steady retention levels, with most employees (69%) remaining with their current employers and only 22% of companies adding head count. Rather than relying on hiring alone, employers are focusing on other ways to strengthen the employee value proposition, including improving the employee experience (47%), expanding training opportunities (40%) and enhancing health and wellness benefits (38%).

“Salary increase budgets reflect the current balance between the supply and demand of labor. While the focus is often on the low demand for labor, most leaders forget that we are still in the throes of low supply. Employers will continue to experience salary increases in the “land of 3%” for the foreseeable future given these dynamics. Those who focus on using that money wisely will be the ones that win the inevitable war for talent once demand picks up,” said Lori Wisper, senior managing director, Work & Rewards, WTW.

About the survey

The Salary Budget Planning Report is compiled by WTW’s Rewards Data Intelligence practice. The survey was conducted from March to May 2026. 34,024 responses were received from companies across 156 countries worldwide. In the U.S., 1,650 organizations responded.

About WTW

At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at wtwco.com.

Media contacts:

Ileana Feoli
[email protected] 

Arnelle Sullivan
[email protected]

Famed investor Warren Buffett was known for his value-investing approach, which influenced the selection of Berkshire Hathaway's investments. When Buffett's hand-picked successor, Greg Abel, took over at the start of 2026, he made significant changes to the portfolio.

Abel dumped many positions and added big names in tech and artificial intelligence, such as Google parent Alphabet. Traditionally, Buffett shied away from the technology sector. But one holdover from Buffett's days remains in the portfolio, and it sports an impressive dividend yield of more than 6% as of July 13. That stock is the Kraft Heinz Company (KHC 0.59%).

The meaty dividend makes owning shares attractive. Even so, weighing an investment in Kraft Heinz is not straightforward and requires unpacking what's going on with the company.

Image source: Getty Images.

Kraft Heinz's shortcomings Kraft Heinz was once the king of the grocery store. Iconic products, such as its Heinz ketchup and Kraft mac and cheese, were household staples. In fact, Buffett and his company helped orchestrate the 2015 merger between Heinz and Kraft.

Yet after more than a century of success, the combined company was ill-prepared for shifting consumer preferences. Shoppers are moving away from its ultra-processed foods in favor of healthier alternatives.

At the same time, the company underinvested in research and development (R&D) that could have helped it adapt to these changes, and instead opted for cost-cutting. Adding fuel to the fire, Kraft Heinz raised prices amid persistent inflation, prompting consumers to switch to cheaper supermarket private-label brands. This confluence of factors contributed to steadily declining sales.

KHC Revenue (TTM) data by YCharts.

The company originally decided the solution was to break apart its businesses. This maneuver was vehemently opposed by Buffett and Abel, prompting them to threaten to sell Berkshire Hathaway's substantial holdings.

The Kraft Heinz turnaround Fortunately for shareholders, the packaged food giant replaced its CEO with Steve Cahillane in December, who scrapped the separation plan in favor of a new strategy to galvanize growth. Kraft Heinz is injecting $600 million into R&D and marketing to win back customers. It's also adding natural ingredients to its products and streamlining operations to maximize supply chain efficiency and accelerate product rollouts.

In the short term, these changes will eat into margins. Over the long haul, this year lays the groundwork for a reversal of fortunes in 2027 and beyond. Since the strategy is new, buying its stock now is a leap of faith that a revenue rebound will eventually arrive. However, you benefit from the dividend's passive income while you wait.

Currently, the company can support dividend payouts thanks to its robust free cash flow (FCF). In its fiscal first quarter ended March 28, Kraft Heinz grew FCF by nearly 60% year over year to $0.8 billion. FCF provides insight into a company's available cash to invest in its business, pay down debt, repurchase shares, and fund dividends.

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Kraft Heinz's revitalization effort has Abel's support, which is why Berkshire Hathaway retains its holdings. The new direction under Cahillane helped the stock gain 4% year-to-date through July 13.

Yet the stock's valuation remains lower than a year ago, as indicated by its price-to-sales ratio of 1.2. This makes now a good time to purchase Kraft Heinz stock if you believe its turnaround efforts can revitalize the business over the long run.

Warren Buffett, the most famous investor of all time, has announced plans to completely divest his stake in Berkshire Hathaway (NYSE: BRK) via share donations by December 31, 2034.

The 95-year-old billionaire said in a news release published on July 14 that his remaining holdings will be donated over the next eight years to four charitable foundations. 

What made the announcement notable is that Buffett excluded the Gates Foundation from his annual midyear donations for the first time in two decades.

Instead, Buffett will donate 1 million Class B Berkshire shares to the Sherwood Foundation, the Howard G. Buffett Foundation, and the NoVo Foundation, each run by one of his three children. 

In addition, he is also donating 9 million Class B shares to the Susan Thompson Buffett Foundation, named after his late wife.

“My goal is to dispose of all of my Berkshire shares within about eight years. I have every hope that the three of them are able to carry out the disposal of my shares by December 31, 2034,” Buffett said.

Last year, the ‘Oracle of Omaha’ said he intended to accelerate charitable giving so his children could more easily manage and distribute his estate after his death. Accordingly, he donated roughly $320 million in Berkshire shares to each of his children’s foundations before pledging additional gifts of about $200 million to each later in the year.

“The goal is to have the grants grow annually to each of the three foundations managed by each of my children and the annual grant to the Susan Thompson Buffett Foundation grow at a somewhat greater rate,” he added.

As mentioned, however, Buffett skipped the Gates Foundation in this year’s donations after supporting it for decades. The move apparently follows renewed public scrutiny of Bill Gates’ past association with Jeffrey Epstein.

According to reports by The Wall Street Journal, the Gates Foundation commissioned a review of Gates’s interactions with Epstein and is examining future philanthropic partnership policies, with Buffett reportedly waiting for the outcome.

In a statement, the Gates Foundation also thanked Buffett for his decades of support, saying his contributions have ‘helped expand and deliver on the foundation’s mission to improve health and opportunity for people around the world.’

Featured image via Shutterstock

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GREENWICH, Conn., July 15, 2026 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, today announced it will host its 2026 Investor Day on Monday, November 16, at the New York Stock Exchange. The in-person event will begin at 9:00 a.m. Eastern Time and will also be webcast live.

The event will feature presentations from GXO CEO Patrick Kelleher, CFO Mark Suchinski and members of the executive leadership team on the company’s long-term strategy, financial framework and value creation opportunities.

The webcast and presentation materials will be available on the Company’s Investor Relations website at investors.gxo.com. A replay will be available following the event.

About GXO

GXO Logistics, Inc. (NYSE: GXO) is the world’s largest pure-play contract logistics provider and is positioned to capitalize on the rapid growth of ecommerce, automation and outsourcing. GXO has over 150,000 team members across more than 1,000 facilities, totaling more than 200 million square feet. The company serves the world’s leading blue-chip companies to solve complex logistics challenges with technologically advanced supply chain and ecommerce solutions, at scale and with speed. GXO corporate headquarters is in Greenwich, Connecticut. Visit GXO.com for more information and connect with GXO on LinkedIn, X, Facebook, Instagram and YouTube.

Investor Contact
Kristine Kubacki, CFA
+1 203-769-7206
[email protected]

Media Contact
Matthew Schmidt 
+1 203-307-2809 
[email protected]

Obchodníci s akciemi společnosti Morgan Stanley předčili očekávání Wall Streetu a stanovili další čtvrtletní rekord, čímž přispěli k mimořádným ziskům celého odvětví ve druhém čtvrtletí, které byly způsobeny příznivým vývojem trhů a přetrvávající volatilitou.

Společnost v tomto období vydělala na obchodování s akciemi 6,3 miliardy dolarů, což představuje nárůst o 69 % a překonalo její předchozí historické maximum z prvního čtvrtletí. Společnost rovněž zaznamenala čistý přírůstek nových aktiv ve výši 148,1 miliardy dolarů ve svém pozorně sledovaném segmentu správy majetku, což je mnohem více, než analytici očekávali.

„Toto čtvrtletí bylo ve znamení aktivity vedené klienty, a to jak v institucionálním, tak v retailovém segmentu,“ uvedla v rozhovoru finanční ředitelka Sharon Yeshaya. „Objem zakázek je plný, aktivita nadále roste a z hlediska udržení klientů máme před sebou mnoho úkolů, nad kterými musíme přemýšlet.“

Výsledky společnosti Morgan Stanley završují zveřejňování výsledků za druhé čtvrtletí u největších amerických bank. Toto období bylo pro Wall Street mimořádně úspěšné, přičemž výnosy z obchodování s akciemi u společností JPMorgan, Goldman Sachs, Bank of America a Citigroup překročily odhady a dosáhly historických maxim.

Během čtvrtletí Morgan Stanley společně s Goldman Sachs vedl rekordní primární emisi akcií společnosti SpaceX, za kterou každá z bank získala provizi ve výši 100 milionů dolarů. Podle prohlášení se něco přes polovinu čistých nových aktiv Morgan Stanley v divizi správy majetku týkala právě primárních emisí akcií.

Poplatky za upisování akcií dosáhly 851 milionů dolarů, což představuje nárůst o 70 % oproti předchozímu roku a překonalo odhady. To pomohlo zvýšit celkové příjmy z investičního bankovnictví na 2,44 miliardy dolarů. Bankéři zabývající se fúzemi a akvizicemi vydělali 798 milionů dolarů, zatímco upisovatelé dluhopisů vygenerovali 788 milionů dolarů.

Akcie společnosti Morgan Stanley, které letos do úterý vzrostly o 28 %, klesají v premarketu na newyorské burze o 1,5 %.

Čisté tržby v divizi správy majetku společnosti Morgan Stanley činily 8,86 miliardy dolarů, což rovněž překonalo očekávání. Společnost spustila v průběhu čtvrtletí obchodování s kryptoměnami na své platformě e*Trade, přičemž cenově podbízela klíčové konkurenty ve snaze získat podíl na trhu.

Guangzhou, China, July 15, 2026 (GLOBE NEWSWIRE) -- Youxin Technology Ltd (Nasdaq: YAAS) (“Youxin Technology” or the “Company”), a software as a service (“SaaS”) and platform as a service (“PaaS”) provider committed to helping retail enterprises digitally transform their businesses, today announced that its operating subsidiary, Guangzhou Youxin Technology Co., Ltd. (“Guangzhou Youxin”), has entered into a cooperation intention agreement (the “Agreement”) with respect to potential ecosystem cooperation for SuiZhiZheng, Guangzhou's city-level government affairs artificial intelligence (“AI”) platform, to explore opportunities to support the platform’s ecosystem development.

The Agreement was signed during the SuiZhiZheng Brand Launch and Government AI Work Promotion Conference, hosted by the Guangzhou Municipal Government Affairs Data Administration (“GMGADA”) on July 4, 2026, at the Guangdong Regional Headquarters of Huawei Technologies Co., Ltd. Through this initiative, the Company joins an ecosystem that includes China's leading technology companies, such as Huawei, Alibaba Cloud, and Tencent Cloud, in supporting the development of a unified AI infrastructure for the city. The signing of the Agreement represents a potential opportunity for the Company's expansion into government AI applications and digital government development, and does not, by itself, constitute a definitive project contract or guarantee future revenue.

Expanding AI Growth Opportunities

Expanding into Public Sector Digital Transformation. Participation in the SuiZhiZheng initiative broadens the Company’s presence beyond retail software into government digital transformation projects, creating opportunities to apply its cloud and AI capabilities in public-sector use cases.Leveraging Core AI and Data Governance Expertise. The Company was selected in recognition of its capabilities in data governance and business process automation and the Company expects to explore the development of AI-enabled solutions designed to streamline administrative workflows.Supporting Guangzhou’s Unified Smart City Ecosystem. SuiZhiZheng represents the government AI component of Guangzhou’s broader smart city framework alongside SuiHaoBan (citizen services) and SuiZhiGuan (city governance). Proven Performance and Rapid Expansion Targets

The SuiZhiZheng platform operates on a comprehensive framework, which plan to integrate AI capabilities into government services, business support and urban governance, to deliver immediate, measurable efficiencies across the city. Early components of the system have demonstrated the commercial value of this technology:

90% Workload Reduction: According to the GMGADA, the platform’s data-cataloging AI agent has already transformed data management from a 100% manual process to an automated one, saving departments more than 90% in operational labor.17% Efficiency Gain: Public service handling has seen an immediate 17% efficiency boost via the integration of a 12345 public hotline AI agent.Aggressive 2026 Roadmap: The platform currently operates 28 AI agents across 55 scenarios. It is on track to scale to 50 AI agents and 100 application scenarios by the end of this year. Mr. Shaozhang Lin, Chief Executive Officer of Youxin Technology, commented, "We are pleased to participate in Guangzhou's SuiZhiZheng ecosystem alongside leading technology companies. Government digital transformation represents an important application area for AI and data technologies, and Guangzhou is currently accelerating the implementation of its ‘AI + Government’ strategy. This partnership reflects confidence in our data processing expertise and may serve as a meaningful step toward our long-term public sector growth. We plan to continue investing in government AI research and development and expect to explore opportunities to work with the GMGADA and other ecosystem partners to explore innovative AI applications in urban governance, public services, and scientific decision-making. We believe our experience in data governance, intelligent analytics, and business process automation positions us well to contribute to future government AI initiatives while further expanding our presence in the public sector."

About Youxin Technology Ltd

Youxin Technology Ltd is a SaaS and PaaS provider committed to helping retail enterprises digitally transform their businesses through its cloud-based SaaS product and PaaS platform. The Company provides customized, comprehensive and fast-deployment omnichannel digital solutions to its customers. For more information, please visit the Company's website: https://ir.youxin.cloud.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "approximates," "assesses," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. References and links (including QR codes) to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.

For more information, please contact:

Youxin Technology Ltd
Investor Relations Department
Email: [email protected]

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: [email protected]

NEW YORK--(BUSINESS WIRE)--The New York Times Company (NYSE: NYT) today announced that it will issue its second-quarter financial results on Wednesday, August 5, 2026 at approximately 7:00 a.m. E.T. by posting the results on the Company's investor relations website at investors.nytco.com. At that time, the Company will issue an advisory release over a newswire service to announce that the results have been posted and are available on the Company's website at investors.nytco.com. The Company's e.

First Horizon National (FHN - Free Report) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +3.85%. A quarter ago, it was expected that this bank holding company would post earnings of $0.49 per share when it actually produced earnings of $0.53, delivering a surprise of +8.16%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

First Horizon, which belongs to the Zacks Banks - Southwest industry, posted revenues of $887 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.55%. This compares to year-ago revenues of $830 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

First Horizon shares have added about 7.6% since the beginning of the year versus the S&P 500's gain of 10.2%.

What's Next for First Horizon?While First Horizon has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for First Horizon was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.55 on $895.6 million in revenues for the coming quarter and $2.15 on $3.54 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 19% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

BOK Financial (BOKF - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 20.

This Regional banking operator is expected to post quarterly earnings of $2.56 per share in its upcoming report, which represents a year-over-year change of +16.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

BOK Financial's revenues are expected to be $558.9 million, up 4.4% from the year-ago quarter.

RENO, Nev., July 15, 2026 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq:PLBC) referred to herein as the ‘Company,’ the parent company of Plumas Bank, today announced record earnings during the second quarter of 2026 of $9.9 million or $1.43 per share, an increase of $3.6 million from $6.3 million or $1.07 per share during the second quarter of 2025.   Diluted earnings per share increased to $1.41 per share during the three months ended June 30, 2026 up from $1.05 per share during the quarter ended June 30, 2025.

Return on average assets was 1.79% during the current quarter, up from 1.56% during the second quarter of 2025. Return on average equity increased to 15.0% for the three months ended June 30, 2026, up from 13.4% during the second quarter of 2025.

Net interest income increased by $7.8 million from $18.2 million during the three months ended June 30, 2025, to $26.0 million during the current quarter. The provision for credit losses decreased from $860 thousand during the second quarter of 2025 to $600 thousand during the current quarter.

Non-interest income increased by $390 thousand from $2.4 million during the three months ended June 30, 2025 to $2.8 million during the second quarter of 2026.

Non-interest expense increased by $3.5 million from $11.0 million during the second quarter of 2025 to $14.5 million during the current quarter.

The provision for income taxes increased by $1.3 million from $2.4 million, during the three months ended June 30, 2025 to $3.7 million during the current quarter. The average effective tax rate was 27.1% in both periods.

For the six months ended June 30, 2026, the Company reported net income of $19.7 million or $2.83 per share, an increase of $6.2 million from $13.5 million or $2.28 per share earned during the six months ended June 30, 2025. Earnings per diluted share increased to $2.79 during the six months ended June 30, 2026, up $0.54 from $2.25 during the first six months of 2025.     

Return on average assets was 1.79% during the six months ended June 30, 2026, up from 1.67% during the first half of 2025. Return on average equity increased to 14.9% for the six months ended June 30, 2026, up from 14.7% during the first half of 2025.

Net interest income increased by $14.4 million from $36.7 million during the six months ended June 30, 2025, to $51.1 million during the current period. The provision for credit losses decreased from $1.1 million during the first half of 2025 to $270 thousand during the current period.

Non-interest income increased by $174 thousand from $5.6 million during the six months ended June 30, 2025 to $5.7 million during the first half of 2026.

Non-interest expense increased by $7.3 million from $22.5 million during the first half of 2025 to $29.8 million during the current period.

The provision for income taxes increased by $1.9 million from $5.2 million, or 27.8% of pre-tax income, during the six months ended June 30, 2025 to $7.1 million, or 26.5% of pre-tax income, during the current period.

Acquisition of Cornerstone Community Bank and Cornerstone Community Bancorp

Results for the six and three months ended June 30, 2026 include the acquisition of Cornerstone Community Bank (CCB), the wholly owned subsidiary of Cornerstone Community Bancorp (Cornerstone), effective July 1, 2025. Total assets acquired from Cornerstone, excluding purchase adjustments, were $658 million, gross loans totaled $478 million, and deposits totaled $580 million. Goodwill associated with the acquisition of Cornerstone was $18.7 million; the core deposit intangible was $11.6 million. In addition, the Company recorded a discount on the acquired loans totaling $15.5 million.

Balance Sheet Highlights
June 30, 2026 compared to June 30, 2025

Gross loans increased by $494 million, or 49%, to $1.5 billion.Total deposits increased by $518 million, or 38%, to $1.9 billion.Total equity increased by $79 million, or 41%, to $272 million.Book value per share increased by $6.54, or 20%, to $39.08. President’s Comments

Andrew J. Ryback, director, president, and chief executive officer of Plumas Bancorp, commented, "We are pleased to report another strong quarter of financial performance as we continued to build on the momentum generated throughout the past year. Our results reflect the strength of our relationship-based banking model and disciplined execution of our strategic priorities. Deposit growth, strong net interest income, and continued operating performance demonstrate the benefits of our expanded franchise and our ability to serve clients across a broader geographic footprint. We also continued to benefit from the high-quality customer relationships and talented employees who joined our organization through the Cornerstone acquisition.

Asset quality remains a key area of focus. While we continue to monitor economic conditions and individual credit relationships closely, we believe our loan portfolio remains well diversified and supported by prudent underwriting standards, strong client relationships, and experienced credit administration.

Our capital position continues to provide flexibility to support organic growth opportunities, return capital to shareholders through both dividends and our share repurchase program, and invest in initiatives that strengthen our long-term competitive position. I would like to thank our employees for their ongoing commitment and our shareholders for their continued confidence and support."

Loans, Deposits, Investments and Cash

Primarily reflecting the acquisition of Cornerstone, gross loans increased by $494 million, or 49%, from $1.0 billion at June 30, 2025, to $1.5 billion at June 30, 2026. Increases in loans included $353 million in commercial real estate loans, $81 million in commercial loans, $29 million in agricultural loans, $21 million in residential real estate loans, $13 million in equity lines, $11 million in consumer and other loans and $8 million in construction loans. These increases were partially offset by a decrease of $22 million in automobile loans.

At   June 30, 2026, approximately 79% of the Company's loan portfolio was comprised of variable rate loans. The rates of interest charged on variable rate loans are set at specific increments in relation to the Company's lending rate or other indexes such as the published prime interest rate or U.S. Treasury rates and vary with changes in these indexes. Repricing frequencies on variable rate loans range from one day to several years, with the majority of commercial real estate loans repricing every five years. Approximately 77% of the variable rate loans are indexed to the five year T-Bill rate and reprice every five years. Loans indexed to the prime interest rate were approximately 20% of the Company’s variable rate loan portfolio; these loans reprice within one day to three months of a change in the prime rate.

Primarily reflecting the acquisition of Cornerstone, total deposits increased by $518 million, or 38% from $1.4 billion at June 30, 2025, to $1.9 billion at June 30, 2026. The increase in deposits includes increases of $196 million in demand deposits, $193 million in money market accounts, $14 million in savings accounts and $115 million in time deposits. At June 30, 2026, 46% of the Company’s deposits were in the form of non-interest-bearing demand deposits. The Company’s brokered deposits consisted of a single $10 million time deposit acquired from CCB, bearing an interest rate of 3.80%.

During the six months ended June 30, 2026 total deposits increased by $75 million, or 4%, of which $41 million represents accounts that were moved from repurchase agreements to money market deposits during the current quarter.   

Total investment securities increased by $26 million from $440 million at June 30, 2025 to $466 million at June 30, 2026. Contributing to this increase was a $7 million decline in the unrealized loss position, from $21 million at June 30, 2025 to $14 million at June 30, 2026. The Company's investment security portfolio consists of debt securities issued by US Government agencies, US Government sponsored agencies and municipalities.

Primarily related to the increase in deposits, cash and due from banks increased by $56 million from $79 million at June 30, 2025, to $135 million at June 30, 2026.

Asset Quality

Nonperforming assets (which are comprised of nonperforming loans, other real estate owned (“OREO”) and repossessed vehicle holdings) at June 30, 2026, were $23.6 million, up from $13.7 million at June 30, 2025. Nonperforming assets as a percentage of total assets increased to 1.04% at June 30, 2026, up from 0.84% at June 30, 2025. OREO increased by $44 thousand from $91 thousand at June 30, 2025, to $135 thousand at June 30, 2026. Nonperforming loans were $23.5 million at June 30, 2026, and $13.7 million at June 30, 2025. Nonperforming loans as a percentage of total loans increased to 1.55% at June 30, 2026, up from 1.34% at June 30, 2025. Included in nonperforming loans was one loan totaling $1.6 million which was past due 90 days at June 30, 2026 and still accruing interest. This loan was paid in full in July 2026.

During the first half of 2026 the provision for credit losses totaled $270 thousand consisting of a provision for credit losses on loans of $200 thousand and an increase in the reserve for unfunded commitments of $70 thousand. This compares to a provision for credit losses of $1.1 million consisting of a provision for credit losses on loans of $1.1 million and a decrease in the reserve for unfunded commitments of $40 thousand during the six months ended June 30, 2025.

Net charge-offs totaled $419 thousand and $137 thousand during the six months ended June 30, 2026 and 2025, respectively. The allowance for credit losses totaled $19.7 million at June 30, 2026 and $14.2 million at June 30, 2025. The allowance for credit losses as a percentage of total loans was 1.30% and 1.39% at June 30, 2026 and 2025.

The following tables present the activity in the allowance for credit losses and the reserve for unfunded commitments during the six months ended June 30, 2026 and 2025 (in thousands).

Allowance for Credit LossesJune 30, 2026 June 30, 2025Balance, beginning of period$19,959  $13,196 Provision charged to operations 200   1,150 Losses charged to allowance (663)  (506)Recoveries 244   369 Balance, end of period$19,740  $14,209          Reserve for Unfunded CommitmentsJune 30, 2026 June 30, 2025Balance, beginning of period$580  $620 Provision charged to operations 70   (40)Balance, end of period$650  $580          Borrowing and Repurchase Agreements

Short-term Borrowing Arrangements. The Company is a member of the Federal Home Loan Bank of San Francisco (FHLB) and can borrow up to $441 million from the FHLB secured by commercial and residential mortgage loans with carrying values totaling $707 million. Based on its current level of FHLB stock holdings the Company can borrow up to $326 million. To borrow the full $441 million in available credit the Company would need to purchase $3 million in additional FHLB stock. The Company is also eligible to borrow at the Federal Reserve Bank (FRB) Discount Window. At June 30, 2026, the Company could borrow up to $38 million at the Discount Window secured by investment securities with a fair value of $39 million. In addition to its FHLB borrowing line and the Discount Window, the Company has unsecured short-term borrowing agreements with two of its correspondent banks in the amounts of $50 million and $20 million. There were no outstanding borrowings to the FHLB, FRB Discount Window or the correspondent banks at June 30, 2026 and 2025.

Note Payable. Plumas Bancorp had outstanding borrowings of $14.3 million with a correspondent bank at June 30, 2026. This loan matures on January 25, 2035, and can be prepaid at any time. This borrowing bears interest at a fixed rate of 3.85% for the first 5 years and then beginning January 25, 2027 at a floating interest rate linked to WSJ Prime Rate for the remaining eight-year term. Interest expense recognized on this loan for the six-months ended June 30, 2026 and 2025, was $278 thousand and $290 thousand, respectively.

Subordinated Debentures. In connection with the acquisition of Cornerstone, the Company assumed $12 million of subordinated debentures, including $2 million of 4.75% Fixed-to-Floating Rate Subordinated Notes due November 30, 2035 (the “2035 Notes”). The 2035 Notes, which were issued in 2020, have a fixed interest rate of 4.75% for the first ten years and thereafter a quarterly variable interest rate equal to the then current three-month term Secured Overnight Financing Rate (“SOFR”) plus 4.14%. The remaining subordinated notes were called in 2025 and are no longer outstanding. Interest expense recognized on the subordinated notes for the six-months ended June 30, 2026, was $97 thousand.

Repurchase Agreements. The Company offers a repurchase agreement product for its larger customers which use securities sold under agreements to repurchase as an alternative to interest-bearing deposits. Securities sold under agreements to repurchase totaled $59 million and $15 million at June 30, 2026 and 2025, respectively. The balances at June 30, 2026, are secured by U.S. Government agency securities with a carrying amount of $85 million. The increase in repurchase agreements is primarily driven by the acquisition of Cornerstone. Cornerstone maintained reciprocal deposits with several customers which were converted to repurchase agreements in July 2025. Interest expense recognized on repurchase agreements for the six months ended June 30, 2026 and 2025, was $714 thousand and $31 thousand, respectively.

Liquidity

The Company manages its liquidity to provide the ability to generate funds to support asset growth, meet deposit withdrawals (both anticipated and unanticipated), fund customers' borrowing needs and satisfy maturity of short-term borrowings. The Company’s liquidity needs are managed using assets or liabilities, or both. On the asset side, in addition to cash and due from banks, the Company maintains an investment portfolio which includes unpledged U.S. Government-sponsored agency securities that are classified as available-for-sale. On the liability side, liquidity needs are managed by offering competitive rates on deposit products and the use of established credit lines.

The Company can borrow up to $441 million from the FHLB secured by commercial and residential mortgage loans with carrying values totaling $707 million. At June 30, 2026, the Company could borrow up to $38 million at the FRB Discount Window secured by investment securities with a fair value of $39 million. In addition to its FHLB borrowing line and the Discount Window, the Company has unsecured short-term borrowing agreements with two of its correspondent banks in the amounts of $50 million and $20 million. There were no outstanding borrowings to the FHLB, FRB Discount Window or the correspondent banks at June 30, 2026 and 2025.

Customer deposits are the Company’s primary source of funds. Total deposits increased by $518 million from $1.4 billion at June 30, 2025, to $1.9 billion at June 30, 2026. Deposits are held in various forms with varying maturities. The Company estimates that it has approximately $811 million in uninsured deposits which include uninsured deposits of Plumas Bancorp. Of this amount, $230 million represents deposits that are collateralized such as deposits of states, municipalities and tribal accounts.

The Company’s securities portfolio, Discount Window advances, FHLB advances, and cash and due from banks serve as the primary sources of liquidity, providing adequate funding for loans during periods of high loan demand. During periods of decreased lending, funds obtained from the maturing or sale of investments, loan payments, and new deposits are invested in short-term earning assets, such as cash held at the FRB and investment securities, to serve as a source of funding for future loan growth. Management believes that the Company’s available sources of funds, including borrowings, will provide adequate liquidity for its operations in the near future.

Shareholders’ Equity

Total shareholders’ equity increased by $79 million from $193 million at June 30, 2025, to $272 million at June 30, 2026. The $79 million includes stock issued in the acquisition of Cornerstone totaling $45 million, earnings during the twelve-month period totaling $36 million, a decrease in accumulated other comprehensive loss of $7 million and restricted stock and stock option activity totaling $3 million. These items were partially offset by the payment of cash dividends totaling $9 million and the purchase of 56 thousand shares of common stock under the Company’s stock repurchase plan totaling $3 million.

Net Interest Income and Net Interest Margin – Three Months Ended June 30, 2026

Driven primarily by growth in the loan portfolio mostly related to the acquisition of Cornerstone, net interest income increased by $7.8 million from $18.2 million during the three months ended June 30, 2025, to $26.0 million for the three months ended June 30, 2026. The increase in net interest income includes an increase of $9.7 million in interest income partially offset by an increase of $1.9 million in interest expense.

Interest and fees on loans increased by $9.2 million to $24.8 million related to an increase in average balance and an increase in yield. Average loan balances increased by $484 million, while the average yield on these loans increased by 47 basis points from 6.14% during the second quarter of 2025 to 6.61% during the current quarter. The increase in yield relates to several factors including the amortization of discount on purchased loans, the repricing of a portion of our commercial real estate loans most of which reprice every five years from the date of origination, the reversal of $344 thousand in accrued interest on a large loan relationship during the second quarter of 2025 and growth in fixed rate SBA loans which totaled $123 million at June 30, 2026, and $75 million at June 30, 2025. The weighted average rate earned on this portfolio at June 30, 2026, was 8.1%.

The amortization of discounts on loans acquired from Cornerstone totaled $1.3 million during the quarter an increase of $800 thousand from $500 thousand during the first quarter of 2026. The increase in amortization during the current quarter relates to an increase in prepayments on this portfolio. Partially offsetting the discount amortization was the reversal of approximately $375 thousand in interest on loans placed on nonaccrual during the current quarter. The average prime interest rate decreased from 7.5% during the second quarter of 2025 to 6.75% during the current quarter. Approximately 15% of the Company's loans are tied to the prime interest rate and most of these reprice within one to three months of a change in prime.

Interest earned on investment securities increased by $484 thousand related to an increase in yield on investment securities of 21 basis points to 4.29% and an increase in average balance of $24 million. The increase in investment yields is consistent with the partial restructuring of the investment portfolio during the fourth quarter of 2025 and market conditions. Average investment securities increased from $442 million during the three months ended June 30, 2025 to $466 million during the current period.

Interest earned on cash balances increased by $78 thousand related to an increase in average balance of $17 million partially offset by a decrease in average rate paid on cash balances of 73 basis points from 4.47% during the second quarter of 2025 to 3.74% during the current quarter. This decline in yield was mostly related to a decline in rate paid on balances held at the FRB. The average rate earned on FRB balances decreased from 4.40% during the second quarter of 2025 to 3.65% during the current quarter.

Interest expense on deposits increased by $1.6 million and is broken down by product type as follows: money market accounts - $844 thousand, savings deposits - $29 thousand and time deposits - $747 thousand. The increase in interest expense primarily relates to the growth in money market and time deposits related to the acquisition of Cornerstone. The average rate paid on interest-bearing deposits increased from 1.30% during the second quarter of 2025 to 1.59% during the current quarter and relates to an increase in the percentage of average money market and time deposits to average interest bearing deposits from 58% during the second quarter of 2025 to 68% during the current quarter as well as an increase in the average rate paid on these deposits.

The average rate paid on interest bearing liabilities increased from 1.33% during the 2025 quarter to 1.62% in 2026 related to the increase in the cost of interest bearing deposits and repurchase agreements. The average rate paid on repurchase agreements increased from 0.46% during the second quarter of 2025 to 1.48% during the current quarter.

Net interest margin for the three months ended June 30, 2026, increased 30 basis points to 5.13%, up from 4.83% for the same period in 2025.

Net Interest Income and Net Interest Margin – Six Months Ended June 30, 2026

Net interest income for the six months ended June 30, 2026 was $51.1 million, an increase of $14.4 million from the $36.7 million earned during the same period in 2025. The increase in net interest income includes an increase of $18.5 million in interest income partially offset by an increase of $4.1 million in interest expense.

Interest and fees on loans increased by $17.7 million related to increases in average balance and yield. The average balance of loans during the six months ended June 30, 2026 was $1.5 billion, an increase of $490 million from $1.0 billion during the same period in 2025. The average yield on loans increased by 38 basis points from 6.15% during the first six months of 2025 to 6.53% during the current period.

Interest on investment securities increased by $973 thousand related to an increase in yield of 18 basis points to 4.28% and an increase in average balance of $27 million to $470 million. The increase in investment yield is consistent with the partial restructuring of the investment portfolio during the fourth quarter of 2025 and market conditions.

Interest on cash balances declined by $195 thousand related to a decline in yield. The rate earned on cash balances declined by 73 basis points to 3.77%. The average balance in interest bearing cash remained unchanged at $53.8 million.

Primarily related to an increase in balance and rate paid on deposits and repurchase agreements, interest expense increased from $4.5 million during the six months ended June 30, 2025 to $8.6 million during the current period. The average rate paid on interest bearing liabilities increased from 1.24% during the 2025 period to 1.61% in 2026.

Interest expense on deposits increased by $3.3 million and is broken down by product type as follows: money market accounts - $1.6 million, savings deposits - $100 thousand and time deposits - $1.6 million. The average rate paid on interest-bearing deposits increased from 1.21% during the six months ended June 30, 2025 to 1.55% during the current period. Average interest-bearing deposits totaled $972 million during the first half of 2026, an increase of $274 million from $698 million during the first half of 2025.

Interest expense on repurchase agreements increased by $683 thousand related to an increase in average balance of $67.7 million and an increase in rate paid of 1.33%.

Net interest margin for the six months ending June 30, 2026 increased 19 basis points to 5.08%, up from 4.89% for the same period in 2025.

Non-Interest Income/Expense – Three Months Ended June 30, 2026

During the three months ended June 30, 2026, non-interest income totaled $2.8 million, an increase of $390 thousand from the three months ended June 30, 2025. Significant increases in non-interest income during the current quarter were $168 thousand in earnings on Bank Owned Life Insurance (BOLI) and $97 thousand in interchange income. Each of these items benefited from the acquisition of Cornerstone. Additionally, during the current period non-interest income included a gain of $104 thousand on sale of an OREO property.

   During the three months ended June 30, 2026, total non-interest expense increased by $3.5 million from $11.0 million during the second quarter of 2025 to $14.5 million during the current quarter. Much of this increase was driven by the acquisition of Cornerstone. Salary and benefit expense increased by $2.0 million which includes an increase in salary expense of $1.2 million primarily related to an increase in Full-Time Equivalent (FTE) employees of 56 to 238 FTE at June 30, 2026 and to a much lesser extent merit and promotional increases. Primarily related to an increase in pre-tax income, bonus expense increased by $315 thousand.

Occupancy and equipment expense increased by $598 thousand from $2.0 million during the second quarter of 2025 to $2.6 million during the current quarter, primarily related to the acquisition of Cornerstone and to a lesser extent the sales/leaseback completed during the fourth quarter of 2025. Amortization of Core Deposit Intangible increased by $522 thousand related to the acquisition of Cornerstone. The largest reduction in non-interest expense was $481 thousand in merger expenses incurred during the second quarter of 2025.

Non-Interest Income/Expense – Six Months Ended June 30, 2026

During the six months ended June 30, 2026, non-interest income totaled $5.7 million, an increase of $174 thousand from the six months ended June 30, 2025. Significant increases in non-interest income during the current period were $278 thousand in FHLB dividends, $327 thousand in earnings on BOLI and $238 thousand in interchange income. Each of these items benefited from the acquisition of Cornerstone. Additionally, the FHLB paid a special dividend of $252 thousand during the first quarter of 2026. These increases were mostly offset by a $1.1 million settlement related to the Dixie Fire during the first quarter of 2025.

Primarily driven by the acquisition of Cornerstone, non-interest expense increased by $7.3 million from $22.5 million during the first half of 2025 to $29.8 million during the current period. The four largest increases were $3.8 million in salary and benefit expense, $1.3 million in occupancy and equipment expense, $1.1 million in amortization of core deposit intangible and $637 thousand in other.

Salary and benefit expense totaled $15.3 million during the current six month period and $11.4 million during the six months ended June 30, 2025. Salary expense increased by $2.1 million, mostly related to an increase in FTE. Related to an increase in pre-tax income, bonus expense increased by $595 thousand. Other significant increases in salary and benefit expense include $316 thousand in payroll taxes and $226 thousand in insurance expense.  

Primarily related to the acquisition of Cornerstone and to a lesser extent the sales/leaseback completed during the fourth quarter of 2025, occupancy and equipment expenses increased by $1.2 million from $4.1 million during the first six months of 2025 to $5.3 million during the current period. Amortization of Core Deposit Intangible increased by $1.1 million related to the acquisition of Cornerstone. Other expense increased by $637 thousand related to a $726 thousand loss associated with two fraudulent wire transfers during the first quarter of 2026. The largest reduction in non-interest expense was $1.1 million in merger expenses incurred during the first half of 2025.

Plumas Bancorp is headquartered in Reno, Nevada. Plumas Bancorp’s principal subsidiary is Plumas Bank, which was founded in 1980. Plumas Bank is a full-service community bank headquartered in Quincy, California. The Bank operates nineteen branches: seventeen located in the California counties of Butte, Lassen, Modoc, Nevada, Placer, Plumas, Shasta, Sutter, and Tehama and two branches located in Nevada in the counties of Carson City and Washoe. The bank also operates two loan production offices located in Auburn, California and Klamath Falls, Oregon. Plumas Bank offers a wide range of financial and investment services to consumers and businesses and has received nationwide Preferred Lender status with the United States Small Business Administration. For more information on Plumas Bancorp and Plumas Bank, please visit our website at www.plumasbank.com.

This news release includes 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 and Plumas Bancorp intends for such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely.

Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. Forward-looking statements involve significant risks and uncertainties, and actual results may differ materially from those presented, either expressed or implied, in this news release. Factors that might cause such differences include, but are not limited to: the Company's ability to successfully execute its business plans and achieve its objectives; changes in general economic and financial market conditions, either nationally or locally in areas in which the Company conducts its operations; changes in interest rates; continuing consolidation in the financial services industry; new litigation or changes in existing litigation; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Company's operations or business; loss of key personnel; and changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies.

Contact: Jamie Huynh
Investor Relations
Plumas Bancorp
5525 Kietzke Lane Ste. 100
Reno, NV 89511
775.786.0907 x8908
[email protected]

            PLUMAS BANCORP
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)(Unaudited)  As of June 30,
       2026 2025 Dollar
Change Percentage
ChangeASSETS           Cash and due from banks$135,546  $79,266  $56,280  71.0%Investment securities465,991  439,676  26,315  6.0%Loans, net of allowance for credit losses1,496,190  1,006,873  489,317  48.6%Premises and equipment, net23,763  12,065  11,698  97.0%Right-of-use assets27,985  23,912  4,073  17.0%Bank owned life insurance34,203  16,736  17,467  104.4%Core deposit intangible9,954  703  9,251  1315.9%Goodwill24,215  5,502  18,713  340.1%Accrued interest receivable and other assets59,897  43,784  16,113  36.8%Total assets$2,277,744  $1,628,517  $649,227  39.9%            LIABILITIES AND           SHAREHOLDERS’ EQUITY           Deposits$1,885,065  $1,366,827  $518,238  37.9%Repurchase agreements59,217  14,940  44,277  296.4%Lease liabilities28,388  24,519  3,869  15.8%Accrued interest payable and other liabilities16,908  14,152  2,756  19.5%Borrowings16,033  15,000  1,033  6.9%Total liabilities2,005,611  1,435,438  570,173  39.7%Common stock74,702  29,803  44,899  150.7%Retained earnings211,013  183,954  27,059  14.7%Accumulated other comprehensive loss, net(13,582) (20,678) 7,096  34.3%Shareholders’ equity272,133  193,079  79,054  40.9%Total liabilities and shareholders’ equity$2,277,744  $1,628,517  $649,227  39.9%                        PLUMAS BANCORP
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share data)(Unaudited)            FOR THE THREE MONTHS ENDED JUNE 30,2026 2025 Dollar
Change Percentage
Change            Interest income$30,360  $20,633  $9,727  47.1%Interest expense4,353  2,450  1,903  77.7%Net interest income before provision for credit losses26,007  18,183  7,824  43.0%Provision for credit losses600  860  (260) (30.2)%Net interest income after provision for credit losses25,407  17,323  8,084  46.7%Non-interest income2,751  2,361  390  16.5%Non-interest expense14,504  11,012  3,492  31.7%Income before income taxes13,654  8,672  4,982  57.4%Provision for income taxes3,695  2,351  1,344  57.2%Net income$9,959  $6,321  $3,638  57.6%            Basic earnings per share$1.43  $1.07  $0.36  33.6%Diluted earnings per share$1.41  $1.05  $0.36  34.3%                        PLUMAS BANCORP
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share data)(Unaudited)            FOR THE SIX MONTHS ENDED JUNE 30,2026 2025 Dollar
Change Percentage
Change            Interest income$59,727  $41,223  $18,504  44.9%Interest expense8,581  4,501  4,080  90.6%Net interest income before provision for credit losses51,146  36,722  14,424  39.3%Provision for credit losses270  1,110  (840) (75.7)%Net interest income after provision for credit losses50,876  35,612  15,264  42.9%Non-interest income5,748  5,574  174  3.1%Non-interest expense29,791  22,477  7,314  32.5%Income before income taxes26,833  18,709  8,124  43.4%Provision for income taxes7,111  5,208  1,903  36.5%Net income$19,722  $13,501  $6,221  46.1%            Basic earnings per share$2.83  $2.28  $0.55  24.1%Diluted earnings per share$2.79  $2.25  $0.54  24.0%          PLUMAS BANCORPSELECTED FINANCIAL INFORMATION(Dollars in thousands, except per share data)(Unaudited)                     Three Months Ended Six Months Ended 6/30/2026 3/31/2026 6/30/2025 6/30/2026 6/30/2025EARNINGS PER SHARE                   Basic earnings per share$1.43  $1.40  $1.07  $2.83  $2.28 Diluted earnings per share$1.41  $1.38  $1.05  $2.79  $2.25 Weighted average shares outstanding 6,966   6,984   5,929   6,975   5,920 Weighted average diluted shares outstanding 7,058   7,073   6,006   7,069   6,006 Cash dividends paid per share 1$0.33  $0.33  $0.30  $0.66  $0.60                     PERFORMANCE RATIOS (annualized for the three months)
         Return on average assets 1.79%  1.78%  1.56%  1.79%  1.67%Return on average equity 15.0%  14.9%  13.4%  14.9%  14.7%Yield on earning assets 5.99%  5.88%  5.48%  5.93%  5.49%Rate paid on interest-bearing liabilities 1.62%  1.60%  1.33%  1.61%  1.24%Net interest margin 5.13%  5.03%  4.83%  5.08%  4.89%Noninterest income to average assets 0.49%  0.55%  0.58%  0.52%  0.69%Noninterest expense to average assets 2.61%  2.79%  2.72%  2.70%  2.79%Efficiency ratio 2 50.4%  54.3%  53.6%  52.4%  53.1%                   6/30/2026 3/31/2026 6/30/2025 12/31/2025 12/31/2024CREDIT QUALITY RATIOS AND DATA                 Allowance for credit losses$19,740  $19,321  $14,209  $19,959  $13,196 Allowance for credit losses as a percentage of total loans 1.30%  1.29%  1.39%  1.32%  1.30%Nonperforming loans$23,473  $14,167  $13,652  $15,089  $4,105 Nonperforming assets$23,633  $14,393  $13,747  $15,321  $4,307 Nonperforming loans as a percentage of total loans 1.55%  0.94%  1.34%  1.00%  0.40%Nonperforming assets as a percentage of total assets 1.04%  0.65%  0.84%  0.68%  0.27%Year-to-date net charge-offs$419  $237  $137  $442  $1,046 Year-to-date net charge-offs as a percentage of average loans (annualized) 0.06%  0.06%  0.03%  0.04%  0.11%                              CAPITAL AND OTHER DATA                 Common shares outstanding at end of period 6,964   6,975   5,934   6,959   5,903 Shareholders' equity$272,133  $265,392  $193,079  $261,076  $177,899 Book value per common share$39.08  $38.05  $32.54  $37.52  $30.14 Tangible common equity 3$237,964  $230,657  $186,874  $225,760  $171,606 Tangible book value per common share 4$34.17  $33.07  $31.49  $32.44  $29.07 Tangible common equity to total assets 10.4%  10.5%  11.5%  10.1%  10.6%Gross loans to deposits 80.4%  84.6%  74.7%  83.6%  74.1%          PLUMAS BANK REGULATORY CAPITAL RATIOS       Tier 1 Leverage Ratio 11.8%  11.6%  12.7%  11.1%  11.9%Common Equity Tier 1 Ratio 15.8%  15.5%  17.9%  14.8%  17.3%Tier 1 Risk-Based Capital Ratio 15.8%  15.5%  17.9%  14.8%  17.3%Total Risk-Based Capital Ratio 17.0%  16.7%  19.2%  16.0%  18.5%(1) The Company paid a quarterly cash dividend of $0.33 per share on May 15, 2026 and February 18, 2026 and a quarterly cash dividend of $0.30 per share on February 17, 2025, May 15, 2025, August 15, 2025 and November 17, 2025 and paid a quarterly cash dividend of $0.27 per share on February 15, 2024, May 15, 2024, August 15, 2024 and November 15, 2024.(2) Efficiency ratio is defined as noninterest expense divided by total revenue (net interest income and total noninterest income).(3) Tangible common equity is defined as common equity less core deposit intangibles and goodwill.(4) Tangible common book value per share is defined as tangible common equity divided by common shares outstanding.  PLUMAS BANCORPSELECTED FINANCIAL INFORMATION (Dollars in thousands)(Unaudited)                The following table presents for the three-month periods indicated the distribution of consolidated average assets, liabilities and shareholders' equity.                 For the Three Months Ended For the Three Months Ended 6/30/2026 6/30/2025 Average
    Yield/ Average
    Yield/ Balance
 Interest
 Rate  Balance
 Interest
 Rate Interest-earning assets:               Loans (2) (3)$1,504,438  $24,777  6.61% $1,020,004  $15,612  6.14%Investment securities 390,618   4,329  4.45%  369,624   3,913  4.25%Non-taxable investment securities (1) 75,412   659  3.51%  72,719   591  3.26%Interest-bearing deposits 63,781   595  3.74%  46,368   517  4.47%Total interest-earning assets 2,034,249   30,360  5.99%  1,508,715   20,633  5.48%Cash and due from banks 34,281        26,880      Other assets 163,174        87,117      Total assets$2,231,704       $1,622,712                      Interest-bearing liabilities:               Money market deposits 457,580   2,127  1.86%  287,707   1,283  1.79%Savings deposits 308,364   286  0.37%  298,989   257  0.34%Time deposits 221,275   1,491  2.70%  118,057   744  2.53%Total deposits 987,219   3,904  1.59%  704,753   2,284  1.30%Borrowings 16,027   176  4.40%  15,000   146  3.90%Other interest-bearing liabilities 74,023   273  1.48%  17,265   20  0.46%Total interest-bearing liabilities 1,077,269   4,353  1.62%  737,018   2,450  1.33%Non-interest-bearing deposits 842,509        659,554      Other liabilities 44,920        37,112      Shareholders' equity 267,006        189,028      Total liabilities & equity$2,231,704       $1,622,712      Cost of funding interest-earning assets (4)      0.86%       0.65%Net interest income and margin (5)   $26,007  5.13%    $18,183  4.83%                (1) Not computed on a tax-equivalent basis.(2) Average nonaccrual loan balances of $14.2 million for 2026 and $4.1 million for 2025 are included in average loan balances for computational purposes.(3) Net costs included in loan interest income for the three-month periods ended June 30, 2026 and 2025 were $226 thousand and $196 thousand, respectively.(4) Total annualized interest expense divided by the average balance of total earning assets.(5) Annualized net interest income divided by the average balance of total earning assets.  PLUMAS BANCORPSELECTED FINANCIAL INFORMATION (Dollars in thousands)(Unaudited)                The following table presents for the six-month periods indicated the distribution of consolidated average assets, liabilities and shareholders' equity.                 For the Six Months Ended For the Six Months Ended 6/30/2026 6/30/2025 Average
    Yield/ Average
    Yield/ Balance
 Interest
 Rate  Balance
 Interest
 Rate Interest-earning assets:               Loans (2) (3)$1,505,631  $48,734  6.53% $1,016,008  $31,008  6.15%Investment securities 394,397   8,672  4.43%  369,376   7,840  4.28%Non-taxable investment securities (1) 76,056   1,315  3.49%  73,795   1,174  3.21%Interest-bearing deposits 53,834   1,006  3.77%  53,845   1,201  4.50%Total interest-earning assets 2,029,918   59,727  5.93%  1,513,024   41,223  5.49%Cash and due from banks 33,663        26,679      Other assets 164,290        86,732      Total assets$2,227,871       $1,626,435                      Interest-bearing liabilities:               Money market deposits 445,224   4,003  1.81%  283,469   2,429  1.73%Savings deposits 310,415   563  0.37%  311,151   463  0.30%Time deposits 215,912   2,925  2.73%  103,304   1,288  2.51%Total deposits 971,551   7,491  1.55%  697,924   4,180  1.21%Borrowings 16,583   375  4.56%  15,000   290  3.90%Other interest-bearing liabilities 86,946   715  1.66%  19,216   31  0.33%Total interest-bearing liabilities 1,075,080   8,581  1.61%  732,140   4,501  1.24%Non-interest-bearing deposits 840,276        670,961      Other liabilities 45,895        37,602      Shareholders' equity 266,620        185,732      Total liabilities & equity$2,227,871       $1,626,435      Cost of funding interest-earning assets (4)      0.85%       0.60%Net interest income and margin (5)   $51,146  5.08%    $36,722  4.89%                (1) Not computed on a tax-equivalent basis.(2) Average nonaccrual loan balances of $14.4 million for 2026 and $3.9 million for 2025 are included in average loan balances for computational purposes.(3) Net costs included in loan interest income for the six-month periods ended June 30, 2026 and 2025 were $518 thousand and $471 thousand, respectively.(4) Total annualized interest expense divided by the average balance of total earning assets.(5) Annualized net interest income divided by the average balance of total earning assets.  PLUMAS BANCORPSELECTED FINANCIAL INFORMATION(Dollars in thousands)(Unaudited)          The following table presents the components of non-interest income for the three-month periods ended June 30, 2026 and 2025.           For the Three Months Ended
     June 30,
     2026
 2025
 Dollar
Change Percentage
ChangeInterchange income$881  $784   97  12.4%Service charges on deposit accounts 813   781   32  4.1%Earnings on life insurance policies 276   108   168  155.6%Loan servicing fees 150   148   2  1.4%FHLB Dividends 104   135   (31) (23.0)%Other 527   405   122  30.1%Total non-interest income$2,751  $2,361  $390  16.5%          The following table presents the components of non-interest expense for the three-month periods ended June 30, 2026 and 2025.           For the Three Months Ended
     June 30,
     2026
 2025
 Dollar
Change Percentage
ChangeSalaries and employee benefits$7,520  $5,553  $1,967  35.4%Occupancy and equipment 2,648   2,050   598  29.2%Outside service fees 1,499   1,160   339  29.2%Amortization of Core Deposit Intangible 566   44   522  1186.4%Professional fees 399   219   180  82.2%Advertising and shareholder relations 374   273   101  37.0%Armored car and courier 283   224   59  26.3%Business development 250   188   62  33.0%Deposit insurance 247   180   67  37.2%Director compensation and expense 209   155   54  34.8%Telephone and data communication 146   124   22  17.7%Loan collection expenses 136   51   85  166.7%Merger and acquisition expenses -   481   (481) (100.0)%Other 227   310   (83) (26.8)%Total non-interest expense$14,504  $11,012  $3,492  31.7%           PLUMAS BANCORPSELECTED FINANCIAL INFORMATION(Dollars in thousands)(Unaudited)          The following table presents the components of non-interest income for the six-month periods ended June 30, 2026 and 2025.           For the Six Months Ended
     June 30,
     2026
 2025
 Dollar
Change Percentage
ChangeInterchange income$1,712  $1,474  $238  16.1%Service charges on deposit accounts 1,598   1,486   112  7.5%FHLB Dividends 550   272   278  102.2%Earnings on life insurance policies 544   217   327  150.7%Loan servicing fees 332   334   (2) (0.6)%Other 1,012   1,791   (779) (43.5)%Total non-interest income$5,748  $5,574  $174  3.1%          The following table presents the components of non-interest expense for the six-month periods ended June 30, 2026 and 2025.           For the Six Months Ended
     June 30,
     2026
 2025
 Dollar
Change Percentage
ChangeSalaries and employee benefits$15,250  $11,433  $3,817  33.4%Occupancy and equipment 5,322   4,064   1,258  31.0%Outside service fees 2,956   2,424   532  21.9%Amortization of Core Deposit Intangible 1,147   87   1,060  1218.4%Professional fees 751   448   303  67.6%Advertising and shareholder relations 665   535   130  24.3%Armored car and courier 546   441   105  23.8%Deposit insurance 495   362   133  36.7%Business development 455   355   100  28.2%Director compensation and expense 384   321   63  19.6%Loan collection expenses 355   122   233  191.0%Telephone and data communication 291   298   (7) (2.3)%Merger and acquisition expenses -   1,050   (1,050) (100.0)%Other 1,174   537   637  118.6%Total non-interest expense$29,791  $22,477  $7,314  32.5%           PLUMAS BANCORPSELECTED FINANCIAL INFORMATION(Dollars in thousands)(Unaudited)          The following table shows the distribution of loans by type at June 30, 2026 and 2025.              Percent of    Percent of    Loans in Each    Loans in Each Balance at End Category to Balance at End Category to of Period Total Loans of Period Total Loans 6/30/26
 6/30/26 6/30/25
 6/30/25Commercial$162,128  10.7% $81,118  8.0%Agricultural 142,940  9.5%  113,850  11.2%Real estate – residential 32,223  2.1%  11,053  1.1%Real estate – commercial 1,026,049  67.9%  673,129  66.1%Real estate – construction & land 48,672  3.2%  40,798  4.0%Equity Lines of Credit 54,993  3.6%  41,620  4.1%Auto 29,616  2.0%  51,487  5.1%Other 15,552  1.0%  4,791  0.4%Total Gross Loans$1,512,173  100% $1,017,846  100%          The following table shows the distribution of Commercial Real Estate loans at June 30, 2026 and 2025.              Percent of    Percent of    Loans in Each    Loans in Each Balance at End Category to Balance at End Category to of Period Total Loans of Period Total Loans 6/30/26
 6/30/26 6/30/25
 6/30/25Owner occupied$442,154  43.1% $294,765  43.8%Investor 583,895  56.9%  378,364  56.2%Total real estate - commercial$1,026,049  100% $673,129  100%                    The following table shows the distribution of deposits by type at June 30, 2026 and 2025.              Percent of    Percent of    Deposits in Each    Deposits in Each Balance at End Category to Balance at End Category to of Period Total Deposits of Period Total Deposits 6/30/26
 6/30/26 6/30/25
 6/30/25Non-interest bearing$864,075  45.8% $668,086  48.9%Money Market 474,436  25.2%  281,516  20.6%Savings 304,249  16.1%  290,440  21.2%Time 242,305  12.9%  126,785  9.3%Total Deposits$1,885,065  100% $1,366,827  100%          

July 15, 2026 07:00 ET  | Source: Axsome Therapeutics, Inc.

FDA sets PDUFA target action date of May 1, 2027

NEW YORK, July 15, 2026 (GLOBE NEWSWIRE) -- Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company leading a new era in the treatment of central nervous system (CNS) disorders, today announced that the U.S. Food and Drug Administration (FDA) has accepted for filing the Company’s New Drug Application (NDA) for AXS-12 (reboxetine) for the treatment of cataplexy in narcolepsy. The FDA has set a Prescription Drug User Fee Act (PDUFA) target action date of May 1, 2027. The FDA also indicated that it does not currently plan to hold an advisory committee meeting to discuss the application.

About Narcolepsy

Narcolepsy is a serious and debilitating orphan neurological condition that causes dysregulation of the sleep-wake cycle and is characterized clinically by excessive daytime sleepiness, cataplexy, hypnagogic hallucinations, sleep paralysis, and disrupted nocturnal sleep.1-3 Cataplexy is seen in an estimated 70% of narcolepsy patients and is a sudden reduction or loss of muscle tone while a patient is awake, typically triggered by strong emotions such as laughter, fear, anger, stress, or excitement.4-5 Narcolepsy is a life-long condition that interferes with cognitive, psychological, and social functioning, increases the risk of work- and driving-related accidents, and is associated with a 1.5-fold higher mortality rate.6-8

About AXS-12

AXS-12 (reboxetine) is a highly selective and potent norepinephrine reuptake inhibitor and cortical dopamine modulator under development for the treatment of narcolepsy. AXS-12 is thought to modulate noradrenergic activity to maintain muscle tone during wakefulness, and noradrenergic and cortical dopaminergic signaling to promote wakefulness and cognition function. AXS-12 has been granted U.S. Food and Drug Administration (FDA) Orphan Drug Designation for the treatment of narcolepsy. AXS-12 is not approved by the FDA.

About Axsome Therapeutics

Axsome Therapeutics is a biopharmaceutical company leading a new era in the treatment of central nervous system (CNS) conditions. We deliver scientific breakthroughs by identifying critical gaps in care and develop differentiated products with a focus on novel mechanisms of action that enable meaningful advancements in patient outcomes. Our industry-leading neuroscience portfolio includes FDA-approved treatments for major depressive disorder, agitation associated with dementia due to Alzheimer’s disease, excessive daytime sleepiness associated with narcolepsy and obstructive sleep apnea, and migraine, as well as multiple novel product candidates addressing a broad range of serious neurological and psychiatric conditions that impact over 150 million people in the United States. Together, we are on a mission to solve some of the brain’s biggest problems so patients and their loved ones can flourish. For more information, please visit us at www.axsome.com and follow us on LinkedIn and X.

Forward Looking Statements

Certain matters discussed in this press release are “forward-looking statements”. The Company may, in some cases, use terms such as “predicts,” “believes,” “potential,” “continue,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. In particular, the Company’s statements regarding trends and potential future results are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the commercial success of the Company’s SUNOSI®, AUVELITY®, and SYMBRAVO® products and the success of the Company’s efforts to obtain any additional indication(s) with respect to solriamfetol and/or AXS-05; the Company’s ability to maintain and expand payer coverage; the success, timing and cost of the Company’s ongoing clinical trials and anticipated clinical trials for the Company’s current product candidates, including statements regarding the timing of initiation, pace of enrollment and completion of the trials (including the Company’s ability to fully fund the Company’s disclosed clinical trials, which assumes no material changes to the Company’s currently projected revenues or expenses), futility analyses and receipt of interim results, which are not necessarily indicative of the final results of the Company’s ongoing clinical trials, and/or data readouts, and the number or type of studies or nature of results necessary to support the filing of a new drug application (“NDA”) for any of the Company’s current product candidates; the Company’s ability to fund additional clinical trials to continue the advancement of the Company’s product candidates; the timing of and the Company’s ability to obtain and maintain U.S. Food and Drug Administration (“FDA”) or other regulatory authority approval of, or other action with respect to, the Company’s product candidates, including statements regarding the timing of any NDA submission; the Company’s ability to successfully defend its intellectual property or obtain the necessary licenses at a cost acceptable to the Company, if at all; the Company’s ability to successfully resolve any intellectual property litigation, and even if such disputes are settled, whether the applicable federal agencies will approve of such settlements; the successful implementation of the Company’s research and development programs and collaborations; the success of the Company’s license agreements; the acceptance by the market of the Company’s products and product candidates, if approved; the Company’s anticipated capital requirements, including the amount of capital required for the commercialization of SUNOSI, AUVELITY, and SYMBRAVO and for the Company’s commercial launch of its other product candidates, if approved, and the potential impact on the Company’s anticipated cash runway; the Company’s ability to convert sales to recognized revenue and maintain a favorable gross to net sales; unforeseen circumstances or other disruptions to normal business operations arising from or related to domestic political climate, geo-political conflicts or a global pandemic and other factors, including general economic conditions and regulatory developments, not within the Company’s control. The factors discussed herein could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Investors:

Ashley Dong
Senior Director, Investor Relations
(929) 687-1614
[email protected]

Media:
Darren Opland
Senior Director, Corporate Communications
(929) 837-1065
[email protected]

References

American Academy of Sleep Medicine. The International Classification of Sleep Disorders. Third Edition (ICSD-3). 2014.National Institute of Neurological Disorders and Stroke. Narcolepsy. https://www.ninds.nih.gov/health-information/disorders/narcolepsy. Accessed September 2024.España RA, Scammell TE. Sleep neurobiology from a clinical perspective. Sleep. 2011 Jul 1;34(7):845-58.Narcolepsy Network. About Narcolepsy. https://narcolepsynetwork.org/about-narcolepsy/. Accessed September 2024.Swick TJ. Treatment paradigms for cataplexy in narcolepsy: past, present, and future. Nat Sci Sleep. 2015 Dec 11;7:159-69.Tadrous R, O'Rourke D, Mockler D, Broderick J. Health-related quality of life in narcolepsy: A systematic review and meta-analysis. J Sleep Res. 2021 Dec;30(6):e13383.Patil SP, Ayappa IA, Caples SM, Kimoff RJ, Patel SR, Harrod CG. Treatment of Adult Obstructive Sleep Apnea With Positive Airway Pressure: An American Academy of Sleep Medicine Systematic Review, Meta-Analysis, and GRADE Assessment. J Clin Sleep Med. 2019 Feb 15;15(2):301-334.Ohayon MM, Black J, Lai C, Eller M, Guinta D, Bhattacharyya A. Increased mortality in narcolepsy. Sleep. 2014 Mar 1;37(3):439-44.

BlackRock předvedl jeden z nejsilnějších kvartálů za poslední roky. Největší správce aktiv na světě překonal odhady Wall Street v oblasti zisků, tržeb i přílivu nových peněz. Akcie na výsledky reagují růstem v pre-marketu o čtyři procenta.

Na konci června spravoval BlackRock aktiva v hodnotě 15,3 bilionu dolarů, což představuje meziroční nárůst o 22 %. Ve druhém čtvrtletí klienti do fondů společnosti vložili čistě 192 miliard dolarů, přičemž příliv kapitálu táhly především ETF fondy, dluhopisové strategie a soukromé trhy. Přibližně 43 % spravovaných aktiv připadá na institucionální klientelu, 41 % tvoří ETF a necelých 10 % retailoví investoři.

Očištěný zisk na akcii dosáhl ve druhém čtvrtletí 13,91 dolaru, zatímco tržby meziročně vzrostly o 31 % na 7,1 miliardy dolarů. Očištěná provozní marže se zvýšila na 45,9 %, nejvýše za téměř pět let.

Výsledky na druhé straně částečně tlumil růst nákladů, které meziročně vzrostly o 25 %. Nejvýrazněji se na něm podílely vyšší náklady na zaměstnanecké kompenzace, zatímco dvouciferným tempem rostly i výdaje na prodej a distribuci produktů.

Přes vyšší nákladovou základnu hodnotí analytici výsledky jednoznačně pozitivně. Glenn Schorr z Evercore ISI označil druhý kvartál za období, kdy šlo téměř vše správným směrem. Podle něj BlackRock roste ze všech úhlů a právě tento kvartál by mohl ukončit dlouhodobý rozpor mezi zlepšujícími se provozními ukazateli firmy a slabším výkonem její akcie.

Alex Bond z KBW upozornil, že očištěný provozní zisk na akcii překonal jak jejich vlastní odhady, tak tržní konsenzus. Hlavní důvod vidí ve vyšším průměrném objemu aktiv pod správou, k němuž přispěl silný růst akciových trhů během druhého čtvrtletí.

Bill Katz z TD Cowen uvedl, že pozitivní překvapení přinesla jak provozní, tak neprovozní část výsledků. Na provozní úrovni pomohly především vyšší výnosy ze zapůjčování cenných papírů a růst výkonnostních poplatků. Současně vyzdvihl robustní dlouhodobé přítoky kapitálu napříč platformou BlackRock, přestože upozornil na mírný pokles průměrných poplatkových sazeb.

Optimismus analytiků se odráží také v cílových cenách. Podle konsenzu agentury Bloomberg činí průměrná cílová cena akcií BlackRocku 1 269 dolarů, což implikuje potenciál růstu přesahující 20 %. Vzhledem k výraznému překonání očekávání navíc nelze vyloučit další úpravy cílových cen směrem vzhůru.

To by mohlo znamenat obrat i z pohledu dlouhodobé výkonnosti akcií. Za posledních pět let totiž akcie BlackRocku posílily pouze o 17 %, zatímco index S&P 500 za stejné období vzrostl přibližně o 74 %.

Curaleaf retail footprint grows to 74 Florida locations and 166 nationwide

, /PRNewswire/ -- Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) ("Curaleaf" or the "Company"), a leading international provider of consumer cannabis products, today announced the opening of its newest Florida dispensary on Friday, July 17 located at 2115 S Ridgewood Ave., Edgewater, FL. With this opening, the Company's Florida footprint expands to 74 locations and brings its total nationwide store count to 166.

Located in the heart of Edgewater's scenic waterfront community, Curaleaf Edgewater sits among local businesses and amenities and within close proximity to Bottle Island and Veterans Memorial Park. The dispensary offers a range of brands with a variety of form factor options, including Curaleaf's Florida-inspired Reef flower, Anthem pre-rolls, Dark Heart ultra-premium flower, Grassroots premium flower, and new options from Select, including the new 2-gram, all-in-one Briq 2 vape with Flavor Protection Technology™.

"Our new Curaleaf Edgewater location marks our 74th Florida medical dispensary and our second location in Volusia County," said Boris Jordan, Chairman and CEO of Curaleaf. "As we continue expanding our footprint across the state, we remain focused on serving the growing medical cannabis community with trusted products designed with Florida patients in mind. With the medical cannabis market serving approximately 4% of the state population, our expansion plans are centered on identifying areas across Florida that could benefit from greater access amid the evolving regulatory backdrop."

A grand opening celebration will take place at Curaleaf Edgewater on Friday, July 24th and Saturday, July 25, from 9:00 a.m. to 8:30 p.m. The celebration will include a ribbon cutting ceremony, exclusive custom merch, the chance to win a grow tour, hourly giveaways, and limited time offers throughout the weekend. The location will operate regularly from 9:00 a.m. to 8:30 p.m. Monday through Saturday, and 10:00 a.m. to 7:00 p.m. ET on Sunday. 

For more information on Curaleaf's Florida dispensaries, products, and patient resources, please visit https://curaleaf.com/dispensary/florida.

About Curaleaf Holdings
Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) ("Curaleaf") is a leading international provider of consumer products in cannabis with a mission to enhance lives by cultivating, sharing and celebrating the power of the plant. As a high-growth cannabis company known for quality, expertise and reliability, the Company and its brands, including Curaleaf, Select, Grassroots, Find, Dark Heart, and Anthem provide industry-leading service, product selection and accessibility across the medical and adult use markets. Curaleaf International is powered by a strong presence in all stages of the supply chain. Its unique distribution network throughout Europe, Canada and Australasia brings together pioneering science and research with cutting-edge cultivation, extraction and production. Curaleaf is listed on the Toronto Stock Exchange under the symbol CURA and trades on the OTCQX market under the symbol CURLF. For more information, please visit https://ir.curaleaf.com.

Forward Looking Statements
This media advisory contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward–looking statements or information. Generally, forward-looking statements and information may be identified by the use of forward-looking terminology such as "plans", "expects" or "proposed", "is expected", "intends", "anticipates", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. More particularly and without limitation, this news release contains forward-looking statements and information concerning the opening of a dispensary in Edgewater, Florida. Such forward-looking statements and information reflect management's current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and uncertainties is contained under "Risk Factors and Uncertainties" in the Company's latest annual information form filed on February 26, 2026, which is available under the Company's SEDAR profile at http://www.sedar.com, and in other filings that the Company has made and may make with applicable securities authorities in the future. Forward-looking statements contained herein are made only as to the date of this press release and we undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release. The Toronto Stock Exchange has not reviewed, approved or disapproved the content of this news release.

Investor Contact:
Curaleaf Holdings, Inc.
Camilo Lyon, Chief Investment Officer
[email protected]

Media Contact:
MATTIO Communications
[email protected]

SOURCE Curaleaf Holdings, Inc.

PNC Financial logo appears in this illustration taken December 1, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

CompaniesJuly 15 (Reuters) - U.S. bank PNC Financial (PNC.N), opens new tab reported record quarterly revenue on Wednesday, boosted by robust capital markets activity and its acquisition of regional ​lender FirstBank.

Dealmaking on Wall Street has accelerated in 2026 as ‌companies take advantage of a more relaxed regulatory environment to pursue scale.

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PNC completed the $4.1 billion acquisition of FirstBank in January, bolstering presence in Colorado and Arizona.

Its capital ​markets and advisory revenue surged 80% over the year earlier ​to $577 million during the second quarter, underpinned by record M&A ⁠advisory fees and strong activity across other businesses.

During the period, ​PNC's Harris Williams advised electrical equipment maker Hubbell (HUBB.N), opens new tab on the $3 billion acquisition ​of NSI Industries.

Net interest income, the difference between what a bank earns on loans and pays out on deposits, jumped 16% to $4.11 billion, driven by strong loan ​growth, the FirstBank acquisition and lower deposit costs.

The results reflect the ​broad-based strength of the U.S. economy. Robust consumer spending has kept credit quality ‌strong ⁠and boosted loan demand.

Average loans rose 13% during the quarter, while net interest margin — a key measure of profitability — expanded 16 basis points.

Profit jumped 25% to $2.06 billion, or $4.81 per share, in the three months ended ​June 30. Revenue ​increased 21% to $6.88 ⁠billion.

BOND PORTFOLIO REJIGPNC booked a one-time gain of $448 million during the quarter, after monetizing a portion of ​its long-held stake in card giant Visa (V.N), opens new tab.

Several U.S. banks ​have ⁠used one-time gains, including those from asset sales, in recent years to rejig their bond securities portfolio and soften the hit from selling securities.

PNC ⁠took ​a $139 million hit after repositioning about $4 billion ​of investment securities into higher-yielding paper in the quarter. It had implemented a similar strategy ​in 2024.

Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shilpi Majumdar

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Here are three stocks with buy rank and strong value characteristics for investors to consider today, July 15:

Venture Global, Inc. (VG - Free Report) : This liquefied natural gas company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next year earnings increasing 9.8% over the last 60 days.

Venture Global has a price-to-earnings ratio (P/E) of 9.27, compared with 22.90 for the S&P 500. The company possesses a Value Score  of A.

NGL Energy Partners LP (NGL - Free Report) : This company that transports, stores, markets, and disposes crude oil, natural gas liquids, and produced water carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 20.4% over the last 60 days.

NGL Energy has a price-to-earnings ratio (P/E) of 18.89, compared with 22.90 for the S&P 500. The company possesses a Value Score of B.

Virtu Financial, Inc. (VIRT - Free Report) : This financial services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next year earnings increasing 9% over the last 60 days.

Virtu has a price-to-earnings ratio (P/E) of 10.40, compared with 22.90 for the S&P 500. The company possesses a Value Score of B.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Learn more about the Value score and how it is calculated here.

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