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HAWTHORNE, Calif.--(BUSINESS WIRE)--OSI Systems, Inc. (NASDAQ: OSIS) today announced that management will participate in the BofA Securities 33rd Annual Industrials, Transportation & Airlines Key Leaders Conference on Thursday, May 14, 2026, in New York, NY. The presentation is scheduled for 10:20 a.m. EDT. A live webcast of the presentation will be available in the Investor Relations section of the Company's website at www.osi-systems.com. A replay will be accessible following the event. A.

OSI Systems, Inc. (OSIS) Presents at Bank of America 33rd Annual Industrials, Transportation and Airlines Key Leaders Conference Transcript

HAWTHORNE, Calif.--(BUSINESS WIRE)--OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Optoelectronics and Manufacturing division (“Opto”) has received an order valued at approximately $10 million to supply optical sub-assemblies to a leading OEM in the semiconductor equipment industry. OSI Systems' President and Chief Executive Officer, Ajay Mehra, commented, “We are pleased to secure this award, which reflects our expertise in delivering high-reliabilit.

Key Takeaways OSIS posted a record $1.9B backlog in fiscal Q3 2026, boosting visibility heading into 2027.Mexico revenue slid to $11M from $69M, yet ex-Mexico Security revenue jumped 25% y/y in Q3.RF revenue was $38M and a $235M radar contract action hit backlog as services rose to $108M. OSI Systems (OSIS - Free Report) is exiting a noisy transition period with stronger visibility than the headline revenue trend suggests. A record backlog, improving mix in Security, and a growing RF-engineered solutions platform are reshaping the setup for fiscal 2027.

At the same time, quarterly comparisons are being distorted by the wind-down of a large Mexico program and by timing dynamics tied to government procurement and project delivery. The key for investors is separating temporary headwinds from the underlying demand picture.

OSIS Benefits From Record Backlog Entering Fiscal 2027OSI Systems ended fiscal Q3 2026 with a record backlog of about $1.9 billion, reinforcing revenue visibility as the company moves toward fiscal 2027. That backlog matters because it anchors near-term execution expectations across a portfolio that mixes large equipment programs with services, software, and multi-year integration work.

The backlog also provides a buffer while certain end markets see uneven timing. In fiscal Q3 2026, OSI Systems cited steady execution in its two largest divisions and strong bookings momentum, helping support confidence in the remaining fiscal 2026 outlook.

OSIS management reiterated fiscal 2026 revenue guidance of $1.825 billion to $1.867 billion and adjusted earnings guidance of $10.30 to $10.55 per share. The Zacks Consensus Estimate for revenues is currently pegged at $1.83 billion indicating 6.8% growth from fiscal 2025. The consensus mark for earnings is currently pegged at $10.40 per share, down 6 cents over the past 30 days, suggesting 11.1% growth fiscal 2025.

OSI Systems Works Through the Mexico TransitionThe Mexico program continues to drive the toughest year-over-year comparisons. Mexico program revenue stepped down to $11 million in fiscal Q3 2026 from $69 million a year ago, creating a sharp headwind inside the Security segment’s reported growth rate.

Management expects that headwind to be reduced in fiscal Q4 2026 and to largely roll off as fiscal 2027 begins. For investors, the main watch item is the cadence of quarterly comparisons as Mexico fades from the base, because that shift can make reported growth appear to “snap back” even if underlying demand is simply steady.

Outside Mexico, Security is showing renewed momentum. Excluding Mexico contracts in both periods, Security revenue rose 25% year over year in fiscal Q3 2026. The quarter’s drivers were aviation products, services, and RF-engineered solutions, highlighting that demand is broadening beyond a single program and that growth is not solely dependent on large turnkey awards.

OSI Systems Services Mix Builds Margin SupportAs the installed base expands, OSI Systems continues to convert deployments into recurring support revenue. Services revenue increased to $108 million in fiscal Q3 2026 from $103 million a year ago, and services were up year to date through March 2026 versus the prior-year period.

Management described services growth as potentially variable by quarter, even with support from installations and an expanding installed base. That variability is important because it can change the quarterly profit profile, but the strategic direction is clear: a larger recurring revenue layer can reduce reliance on large equipment cycles over time.

OSIS RF-Engineered Solutions Adds Multi-Year OptionalityRF-engineered solutions is emerging as a second growth vector inside Security. RF revenue was about $38 million in fiscal Q3 2026, and management said the run rate has increased materially since the acquisition.

The bigger catalyst is the homeland defense Undefinitized Contract Action with a not-to-exceed value of about $235 million for an over-the-horizon radar transmit subsystem, which entered backlog near the end of March. If execution tracks as expected, this type of multi-year work can add durability to Security’s growth profile, with potential service and integration attach over time.

OSI Systems Balances Investment and Cost DisciplineOperating signals in fiscal Q3 2026 showed disciplined spending alongside continued platform investment. Security adjusted operating margin improved to 18.3% from 18.1% a year ago, supported by higher-margin service revenue and lower operating expenses that helped offset Mexico mix effects.

Consolidated gross margin was 33%, slightly below the prior-year level due to product mix, even with the benefit of higher service contribution.

Selling, general & administrative declined to $71.5 million and represented 15.8% of sales, while research and development expense increased to $19.5 million as OSIS invested in Security and other initiatives.

Headwinds That Can Distort OSIS’ Quarterly ResultsSeveral factors can skew quarterly results even when longer-cycle demand remains intact. Backlog conversion can vary with project delivery timing, and government procurement patterns can shift order activity from quarter to quarter.

OSIS management also cited impacts tied to a Department of Homeland Security shutdown that delayed U.S. order activity in fiscal Q3 2026. In addition, Middle East-related program delays tied to logistics constraints and travel restrictions can affect the timing of order intake and project completion. Healthcare remains sensitive to order timing as well, which can pressure consolidated profitability when volumes dip.

Zacks Rank & Stocks to Consider

Key Takeaways OSIS posted $1.9B backlog and 1.3x book-to-bill in Q3 FY26, boosting visibility.OSIS collected $74M after quarter end and expects more in Q4 FY26 and FY2027, lifting cash flow.OSIS gross margin was 33% in Q3 FY26; mix, logistics and tariffs can swing results. OSI Systems (OSIS - Free Report) sits at an interesting crossroads. The company is working through a Mexico program transition, yet demand indicators remain strong and management expects cash collection to improve as receivables convert into cash. At the same time, results can swing quarter to quarter based on procurement cycles, logistics constraints and product mix. That mix of visibility and variability is central to the near-term decision.

On a year-to-date (YTD) basis, OSI Systems shares have dropped 16.3% underperforming peers, including L3Harris Technologies (LHX - Free Report) and Teledyne Technologies (TDY - Free Report) but outperforming Leidos Holdings (LDOS - Free Report) . YTD, shares of L3Harris and Teledyne have returned 3.4% and 21%, respectively, while Leidos fell 31.1%.

OSIS Stock’s Price Performance
Image Source: Zacks Investment Research

OSI Systems Backlog and Bookings Support VisibilityDemand support is hard to ignore. OSI Systems ended fiscal third-quarter 2026 with backlog of about $1.9 billion and posted a book-to-bill ratio of 1.3 times, signaling orders outpaced revenue in the period. That backlog provides a stronger visibility cushion as the Mexico Security program revenue steps down. Even with a record backlog, timing still matters because procurement decisions, project schedules and logistics can move revenue and margin recognition between quarters.

Excluding Mexico contracts in both periods, Security revenues increased 25% year over year in fiscal third-quarter 2026, supported by services, aviation products and RF-engineered solutions. Services are an important building block because they can be less dependent on large equipment cycles. In fiscal third-quarter 2026, services revenue rose to $108 million from $103 million, and year-to-date services were higher through March 2026 versus the prior-year period.

RF-engineered solutions add a longer runway. RF revenue was about $38 million in fiscal third-quarter 2026, and bookings included a homeland defense Undefinitized Contract Action with a not-to-exceed value of about $235 million for an over-the-horizon radar transmit subsystem, adding multi-year visibility.

OSIS Cash Collection Is a Potential CatalystCash collection is one of the most practical swing factors in the story. Operating cash flow was about $14 million in fiscal third-quarter 2026, a figure shaped by limited collections tied to Mexico receivables during the quarter.

Shortly after quarter end, OSI Systems collected about $74 million on its largest Mexico receivable. Management expects additional collections in fiscal fourth-quarter 2026 and into fiscal 2027, which could lift cash generation as working capital normalizes.

OSI Systems Balance Sheet Flexibility MattersThe balance sheet provides room to maneuver if cash collections continue to come through. OSIS had $345 million in cash as of March 31, 2026, and net leverage of about 2.2x under its credit agreement.

That flexibility matters because incremental cash inflows can be deployed in several directions. Management has linked the setup to potential debt reduction, selective acquisitions, and funding elevated Security research and development as it works to extend platform capabilities and improve service and software attach rates.

Risks That Can Break OSIS Near-Term ProspectsHowever, the downside case is not abstract. Consolidated gross margin was 33% in fiscal third-quarter 2026, slightly below the prior year, as product and service mix shifts can pressure margins even when services contribute more. OSIS management has also cautioned that margins can fluctuate with mix, volume, supply chain costs, foreign exchange and tariffs, which can translate into quarterly earnings variability.

Timing risk is another pressure point. The company cited a Department of Homeland Security shutdown as a factor that delayed U.S. order activity in fiscal third-quarter 2026, and it flagged Middle East-related logistics constraints and travel restrictions as potential drivers of program delays.

Healthcare adds an additional variable. Fiscal third-quarter 2026 Healthcare revenue declined to $40.7 million from $43.7 million a year ago, and segment non-GAAP operating margin fell to 1.3% from 5.1%, reflecting sensitivity to order timing and the impact of volume swings on profitability.

The company reiterated fiscal 2026 guidance for revenues of $1.825 billion to $1.867 billion and adjusted earnings of $10.30 to $10.55 per share. Management said near-term bookings and fourth-quarter revenues could be affected by government procurement timing and conflicts in the Middle East.

OSIS Shares are OvervaluedMeanwhile, a Value Score of C suggests OSIS shares are overvalued currently. OSI Systems is trading at about 1.83x forward 12-month sales lower than Leidos’ 0.85X.

Valuation: OSIS vs. LDOS
Image Source: Zacks Investment Research

However, OSI Systems shares are trading higher than L3Harris’ 2.33X and Teledyne’s 4.36X.

Valuation: OSIS vs. LHX
Image Source: Zacks Investment Research

Valuation: OSIS vs. TDY
Image Source: Zacks Investment Research

ConclusionOSI Systems’ prospects depends on the possibility of backlog converting into revenues smoothly over the next few quarters, rather than arriving in lumpy bursts. It is also worth watching whether services growth stays consistent, and whether RF program funding and milestones progress in a steady cadence, given the multi-year nature of recent defense work. Moreover, a stretched valuation is a concern for investors.

OSI Systems currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

HAWTHORNE, Calif.--(BUSINESS WIRE)--OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Optoelectronics and Manufacturing division has received an order valued at approximately $12 million to supply electronic sub-assemblies to a leading OEM in the secure communications industry. OSI Systems' President and Chief Executive Officer, Ajay Mehra, commented, “We're pleased to expand this relationship with our customer. Our focus remains on delivering high-quali.

BELLINGHAM, Wash., March 17, 2026 (GLOBE NEWSWIRE) -- eXp Realty®, “the most agent-centric™ real estate brokerage on the planet” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced real estate leader Miriam Valencia, founder and CEO of Alumbra International, has officially joined eXp Realty, bringing 50 agents with her in a strategic move designed to support the continued growth of her Houston-based and international-growing brokerage.

“Miriam is the embodiment of the entrepreneurial spirit we champion at eXp,” said Leo Pareja, CEO of eXp Realty. “With Alumbra, Miriam’s already proven she can build something deeply meaningful. By joining forces with our global platform, she’s not just preserving that identity, she’s supercharging it to create limitless opportunities for her agents and their clients.”

Valencia spent significant time evaluating brokerage models before making the decision.

“I built Alumbra as an independent brokerage and grew a strong brand and culture in Houston,” Valencia said. “At the same time, I started thinking about how to scale bigger without losing what we had built. As a broker I cannot make rash decisions because it affects a lot of people,” she said. “I spent time looking at different brokerage models and asking myself what would make the most sense long term. I wanted something that allowed us to grow bigger while still protecting the culture we built at Alumbra.”

Introduced to the eXp model by Thao Nguyen, Valencia saw an opportunity to expand while maintaining the identity of the company she built.

“eXp allowed us to keep our identity while plugging into a larger platform,” Valencia said. “Once I understood how eXp works and how we could continue operating as Alumbra within it, the decision started making more sense.”

In addition to leading a growing brokerage, Valencia balances multiple roles outside of real estate. She is currently pursuing her MBA, preparing to be an attorney, and raising a family.

Valencia’s leadership philosophy also extends beyond real estate. Through Heart and Hope, Alumbra International’s community outreach initiative, Valencia and her team organize volunteer work, donation drives, and community support efforts throughout Houston.

Valencia has received several industry recognitions for her work and leadership, including:

HAR 20 Under 40 — 2024Houston Agent Magazine Who’s Who — 2024Texas Agent to Watch — 2024NAHREP InfluenceHer of the Year — 2023 With Alumbra International now operating within eXp’s global network, Valencia and her brokerage plan to continue expanding their reach while maintaining the culture that has defined the brokerage’s success.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the parent company of eXp Realty®, “the most agent-centric™ real estate brokerage on the planet,” and SUCCESS® Enterprises. Through a cloud-based platform and agent-centric model, eXp Realty empowers real estate professionals with industry-leading commission structures, revenue share, equity ownership, and access to a global community. With operations spanning the Americas, Europe, the Middle East, Asia Pacific, and South Africa, eXp continues to redefine how agents connect, grow, and succeed in real estate. As a publicly traded company, eXp World Holdings prioritizes transparency, innovation, and long-term value for agents, staff, and shareholders.

Safe Harbor and Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company’s and its management’s current expectations but involve known and unknown risks and uncertainties that could impact actual results materially. These statements include, but are not limited to, statements regarding the anticipated success of agents or teams joining eXp Realty, future production goals or volume projections, and participation in or benefits derived from the Company’s platform, tools, compensation model, or equity programs. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include real estate market fluctuations, changes in agent retention or recruitment, competitive pressures, regulatory changes, and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Reports on Form 10-Q and Annual Report on Form 10-K. We do not undertake any obligation to update these statements except as required by law.

Media Contact
eXp World Holdings, Inc.
[email protected]

Investor Relations
Denise Garcia
[email protected]

A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/473a4340-fe9e-47bc-95d7-a0249708c423

BELLINGHAM, Wash., March 18, 2026 (GLOBE NEWSWIRE) -- eXp Realty®, “the most agent-centric™ real estate brokerage on the planet” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), announced that beginning April 15, agents will have the power to syndicate, on a non-exclusive basis, “Coming Soon” listings to premier national portals like Realtor.com, Homes.com, and ComeHome.com (Google Search). By bridging the gap between "pre-market" and "public-facing," eXp is redefining how agents generate early demand and deliver unparalleled exposure for their clients.

Starting April 15, eXp agents can, at their client’s request, place “Coming Soon” listings on Realtor.com, Homes.com, and ComeHome.com, subject to compliance with the rules and guidelines of their local MLS. These listings will be distributed through an integrated third-party listing distribution platform, Zenlist (available for download in the iOS and Android store today), allowing agents to share key property details and photos during the approved coming soon period.

“Our philosophy is simple,” said Leo Pareja, CEO of eXp Realty. “If a home is being marketed to the public, consumers deserve the opportunity to see it. Our role as an industry is to create the most open and efficient marketplace possible for buyers and sellers. This is not about limiting where listings appear. It is about expanding visibility and giving sellers the widest possible audience while maintaining compliance with MLS rules and local regulations.”

This move reflects eXp’s long-standing belief that transparency and broad consumer access to housing inventory serve the best interests of buyers and sellers alike. Expanding visibility helps ensure that more buyers have the opportunity to discover and evaluate homes, while giving sellers greater exposure to interested audiences. eXp believes consumers should be able to access listings across multiple platforms and not just a single website, in order to support a more open, competitive, and efficient housing marketplace.

Unmatched Visibility by the Numbers, 170M Monthly Views And Growing:

By making this capability available across its global agent network, eXp continues to invest in technology and distribution strategies that prioritize consumer access and agent flexibility now supported by:

Realtor.com: Recorded 62 million average monthly unique users (per calendar year Q4 2025 internal data).The Homes.com Network (including Homes.com, the Apartments Network, and the Land Network): Averaged 108 million monthly unique visitors for the year ended Dec. 31, 2025 (per Google Analytics).Comehome.com: ComeHome.com is HouseCanary's widely distributed real estate portal that partners with Google to showcase listings on Google Search in select markets. Importantly, this syndication will be non-exclusive. eXp is not entering into exclusive portal arrangements and any portal may choose to receive eXp listings on equal terms, subject to applicable MLS rules and seller authorization.

By expanding access to pre-market inventory, eXp is increasing visibility and opportunity for buyers and sellers alike. In an industry where timing and visibility are the ultimate currencies, eXp is ensuring its agents and their clients never have to choose between the two.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the parent company of eXp Realty®, “the most agent-centric™ real estate brokerage on the planet,” and SUCCESS® Enterprises. Through a cloud-based platform and agent-centric model, eXp Realty empowers real estate professionals with industry-leading commission structures, revenue share, equity ownership, and access to a global community. With operations spanning the Americas, Europe, the Middle East, Asia Pacific, and South Africa, eXp continues to redefine how agents connect, grow, and succeed in real estate. As a publicly traded company, eXp World Holdings prioritizes transparency, innovation, and long-term value for agents, staff, and shareholders.

Safe Harbor and Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company’s and its management’s current expectations but involve known and unknown risks and uncertainties that could impact actual results materially. Forward-looking statements include, but are not limited to, statements regarding expected increases in listing visibility, buyer engagement, agent adoption, and the potential impact of expanded distribution on transaction outcomes, as well as the Company’s ability to maintain and expand relationships with third-party platforms. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include, without limitation: changes in MLS rules, policies, or enforcement; variability in portal participation or integration capabilities; differences in agent usage and adoption rates; evolving regulatory or antitrust considerations; changes in consumer behavior or housing market conditions; competitive responses from other industry participants; and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Reports on Form 10-Q and Annual Report on Form 10-K. We do not undertake any obligation to update these statements except as required by law.

Media Relations Contact:

eXp World Holdings, Inc.

[email protected]

Investor Relations Contact:

Denise Garcia

[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e9f5c3be-bf6f-4387-bc93-f097c00044c2

eXp Realty Dominates Pre-Market Exposure with New Three-Portal Syndication to Realtor.com, Homes.com... Starting April 15, eXp Realty empowers agents with a distribution pipeline, catapulting ‘Coming Soon...

Maximum Tampa Group, led by Yulia Olivo and Jennifer Rivera, partners with FIG Team to establish its first Tampa presence

BELLINGHAM, Wash., March 26, 2026 (GLOBE NEWSWIRE) -- eXp Realty®, “the most agent-centric™ real estate brokerage on the planet” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced that top-producing Tampa team Maximum Tampa Group, led by Yulia Olivo and Jennifer Rivera, has returned to eXp Realty and will launch FIG Team Maximum Tampa in partnership with Veronica Figueroa’s FIG Team.

“Agents building real businesses need a platform that can support them at scale,” said Leo Pareja, CEO of eXp Realty. “Yulia and Jennifer understand what it takes to grow, and their return reflects the importance of having the right structure, systems, and leadership in place to support that growth long term.”

Olivo and Rivera, who previously joined LPT Realty as founding members, return to eXp after scaling their organization and identifying the need for a model designed to support sustained expansion. Together, they built Maximum Tampa Group into a high-performing team, closing $51.96 million in volume across 144 sides in 2024 and averaging between 120 and 150 transactions annually.

Through this move, they will step into leadership as Co-Team Leaders of FIG Team Maximum Tampa, marking FIG Team’s first expansion into the Tampa market. The new office will operate as a direct extension of the FIG Team, combining local leadership with established systems and operational support.

“We needed a model that could support where we’re going, not just where we are,” said Olivo. “We’ve experienced growth at a high level, and this move allows us to build with the right foundation in place.”

The partnership was formalized following a strategic alignment between Olivo, Rivera, and FIG Team leadership, including Veronica Figueroa and Isis Sarcos, whose organization has established a track record of scalable growth within eXp.

“For years, we’ve said we wanted to build one of the top teams in Tampa,” said Rivera. “This gives us the ability to do that within a structure that’s already proven.”

FIG Team Maximum Tampa will focus on recruiting, team development, and expanding market presence across the Tampa region, with a model that integrates media, systems, and agent growth into a unified platform.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the parent company of eXp Realty®, “the most agent-centric™ real estate brokerage on the planet,” and SUCCESS® Enterprises. Through a cloud-based platform and agent-centric model, eXp Realty empowers real estate professionals with industry-leading commission structures, revenue share, equity ownership, and access to a global community. With operations spanning the Americas, Europe, the Middle East, Asia Pacific, and South Africa, eXp continues to redefine how agents connect, grow, and succeed in real estate. As a publicly traded company, eXp World Holdings prioritizes transparency, innovation, and long-term value for agents, staff, and shareholders.

Safe Harbor and Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company’s and its management’s current expectations but involve known and unknown risks and uncertainties that could impact actual results materially. These statements include, but are not limited to, statements regarding the anticipated success of agents or teams joining eXp Realty, future production goals or volume projections, and participation in or benefits derived from the Company’s platform, tools, compensation model, or equity programs. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include real estate market fluctuations, changes in agent retention or recruitment, competitive pressures, regulatory changes, and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Reports on Form 10-Q and Annual Report on Form 10-K. We do not undertake any obligation to update these statements except as required by law.

Media Contact
eXp World Holdings, Inc.
[email protected]        

Investor Relations
Denise Garcia
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/648647c4-c969-47db-9951-e8953773bd78

BELLINGHAM, Wash., April 16, 2026 (GLOBE NEWSWIRE) -- eXp Realty®, “the most agent-centric™ real estate brokerage on the planet” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced that Michelle Ferry-Cronin, along with the Cronin Team, has joined the company bringing with them a highly specialized focus on pre-foreclosure real estate.

Michelle Ferry-Cronin, daughter of renowned real estate coach Mike Ferry and sister of industry leader Tom Ferry, represents a new chapter for one of the most recognized families in real estate. Alongside her husband, Ron Cronin, and business partner Anna Vroom, she leads a business centered on navigating complex, high-stakes transactions for homeowners facing financial distress.

After a four-year tenure at Century 21, Michelle and her team began evaluating their next move, seeking a platform that aligned more closely with how they operate.

“Michelle brings a level of experience, precision, and heart to the business that aligns perfectly with how we see the future of real estate,” said Leo Pareja, CEO of eXp Realty. “Her focus on collaboration and her commitment to helping clients through complex situations is exactly the kind of leadership we continue to attract at eXp.”

“We interviewed four companies,” Ferry-Cronin said. “It was just more of the same song and dance.”

Ultimately, the team reconnected with commercial real estate expert Louis Chavez, with whom they had previously worked, before being introduced to Pareja.

“We kind of just knew we were at home with the right people,” Ferry-Cronin said. “eXp resonated with our inspiration and how we wanted to move ourselves forward in the industry.”

A key factor in the decision was collaboration. At eXp, she found a model that supports that approach at scale.

Today, approximately 70 percent of Ferry-Cronin’s business is focused on pre-foreclosure, where she and her team work directly with homeowners to help preserve equity and navigate complex financial situations.

“These aren’t typical transactions,” Ferry-Cronin said. “You’re stepping into someone’s life at a moment where timing matters, and every decision carries weight.”

Working alongside attorneys and a network of trusted vendors, her team manages intricate debt and lien negotiations while guiding clients through options such as strategic sales or loan modifications.

“I’ve always been drawn to the part of the business where you can actually make an impact,” she said. “This is where you’re really helping people through something.”

Ferry-Cronin’s move to eXp marks a strategic alignment between her hands-on, high-touch business model and a platform designed for collaboration and scalability.

About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) is the parent company of eXp Realty®, “the most agent-centric™ real estate brokerage on the planet,” and SUCCESS® Enterprises. Through a cloud-based platform and agent-centric model, eXp Realty empowers real estate professionals with industry-leading commission structures, revenue share, equity ownership, and access to a global community. With operations spanning the Americas, Europe, the Middle East, Asia Pacific, and South Africa, eXp continues to redefine how agents connect, grow, and succeed in real estate. As a publicly traded company, eXp World Holdings prioritizes transparency, innovation, and long-term value for agents, staff, and shareholders.

Safe Harbor and Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company’s and its management’s current expectations but involve known and unknown risks and uncertainties that could impact actual results materially. These statements include, but are not limited to, statements regarding the anticipated success of agents or teams joining eXp Realty, future production goals or volume projections, and participation in or benefits derived from the Company’s platform, tools, compensation model, or equity programs. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include real estate market fluctuations, changes in agent retention or recruitment, competitive pressures, regulatory changes, and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Reports on Form 10-Q and Annual Report on Form 10-K. We do not undertake any obligation to update these statements except as required by law.

Media Contact
eXp World Holdings, Inc.
[email protected]

Investor Relations
Denise Garcia
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3d284e3f-3c11-40cd-a2f8-ad8340e76239

Michelle Ferry-Cronin Brings a Legacy Name and Specialized Expertise to eXp Realty With deep roots in one of real estate’s most influential families, Michelle Ferry-Cronin joins eXp R...

BELLINGHAM, Wash., April 28, 2026 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty®, FrameVR.io and SUCCESS® Enterprises, today announced it expects to report its first quarter 2026 financial results on Monday, May 11, 2026.

The Company will hold a virtual fireside chat and investor Q&A on Wednesday, May 11, 2026 at 5:30 a.m. PT / 8:30 a.m. ET hosted by:

Glenn Sanford, Founder, Chairman and CEO, eXp World HoldingsLeo Pareja, CEO, eXp RealtyJesse Hill, Chief Financial Officer, eXp World Holdings
The investor Q&A is open to investors, current stockholders and anyone interested in learning more about eXp World Holdings and its companies. Submit questions in advance to [email protected].

First Quarter 2026 Investor Q&A
Date: Monday, May 11, 2026
Time: 5:30 a.m. PT / 8:30 a.m. ET
Location: exp.world. Join at https://exp.world/earnings
Livestream: expworldholdings.com/events

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the parent company of eXp Realty®, “the most agent-centric™ real estate brokerage on the planet,” FrameVR.io and SUCCESS® Enterprises. Through a cloud-based platform and agent-centric model, eXp Realty empowers real estate professionals with industry-leading commission structures, revenue share, equity ownership, and access to a global community. With operations spanning the Americas, Europe, the Middle East, Asia Pacific, and South Africa, eXp continues to redefine how agents connect, grow, and succeed in real estate. As a publicly traded company, eXp World Holdings prioritizes transparency, innovation, and long-term value for agents, staff, and shareholders.

Media Relations Contact:

eXp World Holdings, Inc.

[email protected]

Investor Relations Contact:

Denise Garcia

[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/abdc5523-d985-4c87-934d-323cf10c3716

eXp World Holdings to Announce First Quarter 2026 Results on May 11, 2026 Management to discuss first quarter 2026 results and host investor Q&A at virtual event

Management to discuss first quarter 2026 results and host investor Q&A at virtual event Management to discuss first quarter 2026 results and host investor Q&A at virtual event

BELLINGHAM, Wash., May 06, 2026 (GLOBE NEWSWIRE) -- eXp Commercial, a nationwide virtual commercial real estate brokerage and subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced that Mario J Alvarez Jr has joined the company. A seasoned executive and entrepreneur with more than 20 years of experience in the commercial real estate (CRE) sector, Alvarez brings an elite background of strategic leadership and over $1 billion in career gross transaction volume.

Based in Southern California, Alvarez is widely recognized as a dominant force in the Inland Empire, San Gabriel Valley, Coachella Valley, and High Desert markets. His transition to eXp Commercial marks a significant milestone as the firm continues to attract top-tier institutional talent across the industry.

Alvarez previously served as a Market Leader and Managing Director at Marcus & Millichap, where he oversaw 50 agents and a portfolio featuring over $5 billion in listed inventory across the United States. His leadership spanned approximately 415 transactions across diverse asset classes, including Hospitality, Multi-Family, Retail, and Industrial.

His resume includes tenures as Executive Vice President at NAI Capital and Managing Director at Newmark, where he spearheaded private-capital retail investment sales.

“Mario pairs a massive $1 billion track record with a rare entrepreneurial spirit that is exactly what we look for at eXp,” said Leo Pareja, CEO of eXp Commercial. “His deep roots in Southern California and his unwavering commitment to empowering those around him make him a tremendous asset to the culture we are building. In this business, proximity is power, and bringing a leader of Mario’s caliber into our tribe will only accelerate the success of everyone around him.”

Alvarez’s move reflects a growing trend of top-producing advisors choosing eXp Commercial for its autonomy, equity participation, and institutional-grade support.

“Joining eXp Commercial was a strategic decision driven by alignment,” said Alvarez. “The platform delivers advanced commercial real estate tools and innovative technology that elevate how we serve clients. More importantly, it fosters a truly collaborative environment — one that extends across the United States and internationally — creating meaningful opportunities to scale. Coupled with experienced leadership that actively partners with advisors, eXp Commercial provides the foundation to build lasting, generational wealth for both our business and our clients.”

About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Commercial, a nationwide cloud-based commercial real estate brokerage. As a publicly traded company, it offers commercial advisors the unique opportunity to earn equity awards for meeting production goals and driving company growth. With advanced technology and a global network, eXp Commercial helps advisors grow their businesses and serve clients across commercial sectors like office, industrial, retail, multifamily, land, specialty properties and more. Learn more at https://www.expcommercial.com/ and https://expworldholdings.com.

Safe Harbor and Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company’s and its management’s current expectations but involve known and unknown risks and uncertainties that could impact actual results materially. These statements include, but are not limited to, statements regarding the anticipated success of advisors or teams joining eXp Commercial, future production goals or volume projections, and participation in or benefits derived from the Company’s platform, tools, compensation model, or equity programs. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include real estate market fluctuations, changes in advisor retention or recruitment, competitive pressures, regulatory changes, and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Reports on Form 10-Q and Annual Report on Form 10-K. We do not undertake any obligation to update these statements except as required by law.

Media Contact
eXp World Holdings, Inc.
[email protected]

Investor Relations
Denise Garcia
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/087032db-8325-430b-8162-380fc38172d2

Industry Veteran Mario J Alvarez Jr Brings $1B+ Track Record to eXp Commercial With over $1 billion in individual gross transaction volume and recent oversight of $5 billion in di...

BELLINGHAM, Wash., May 11, 2026 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: AGNT) (the “Company,” “eXp” or “we”), the holding company for eXp Realty®, NextHome, Inc., FrameVR.io and SUCCESS® Enterprises, today announced financial results for the first quarter 2026 ended March 31, 2026.

“Our first quarter results exceeded our revenue expectations as agent productivity continues to increase,” said Leo Pareja, CEO of eXp Realty. “We have always been a company built by agents, built for agents, and this quarter we’ve taken a meaningful step in broadening that mission. The addition of NextHome creates maximum optionality across our platform. This multi-model approach serves the full spectrum of real estate entrepreneurs on a single, unified global platform that empowers every agent to grow their business on their own terms.”

“With the acquisition of NextHome, eXp World Holdings has evolved into a borderless, multi-model leader,” said Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings. “This strategic move, punctuated by our new ticker ‘AGNT,’ reflects our position as a forward-thinking operating platform built to power the modern agent. By integrating a best-in-class franchise vehicle into our technology-driven ecosystem, we are providing the infrastructure for agent entrepreneurs to scale without the traditional friction of brick-and-mortar overhead. This evolution makes our entire network more valuable for everyone, creating a more durable organization designed to thrive throughout any market cycle.”

“I am pleased with our first quarter results, which are a direct reflection of the company's scale and our focus on operational efficiency across eXp World Holdings,” said Jesse Hill, Chief Financial Officer of eXp World Holdings. “We generated revenue of $1.0 billion and Adjusted EBITDA of $4.1 million, an 88% improvement that further strengthened our financial position. More recently, we executed the strategic NextHome acquisition using cash on hand and zero debt. Moving forward, we remain committed to maintaining our financial discipline, with an acute focus on continued operational efficiency and cost management.”

First Quarter 2026 Consolidated Financial Highlights as Compared to the Same Year-Ago Period:

Revenue increased 5% to $1.0 billion from $954.9 million.Net loss was $(5.1) million and net loss per diluted share was $(0.03) per share, compared to net loss of $(11.0) million and net loss per diluted share of $(0.07).Operating expenses of $84.1 million, a 3% decrease from $86.5 million.Adjusted EBITDA1 (a non-GAAP financial measure) of $4.1 million, an 88% increase from $2.2 million.As of March 31, 2026, cash and cash equivalents totaled $122.1 million, compared to $115.7 million as of March 31, 2025.Net cash provided by operating activities was $20.6 million, compared to $39.8 million.Adjusted operating cash flow2 (a non-GAAP financial measure) was $9.6 million, compared to $28.2 million.Distributed $8.0 million of cash dividends to shareholders.The Company paid a cash dividend for the first quarter of 2026 of $0.05 per share of common stock on March 27, 2026. On April 23, 2026, the Company’s Board of Directors declared a cash dividend of $0.05 per share of common stock for the second quarter of 2026, expected to be paid on June 5, 2026 to stockholders of record on May 22, 2026. First Quarter 2026 Operational Highlights as Compared to the Same Year-Ago Period:

eXp ended the first quarter of 2026 with a global agent Net Promoter Score (“aNPS”) of 67, compared to 78 in the prior-year period. aNPS is a measure of agent satisfaction and an important key performance indicator given the Company’s intense focus on improving the agent experience.Agents and brokers on the eXp Realty platform were 82,332 as of March 31, 2026, a 1% increase.First quarter 2026 real estate sales transactions increased 2% year-over-year to 91,598.First quarter 2026 real estate sales volume increased 5% year-over-year to $40.7 billion. Second Quarter 2026 Outlook:

Revenue between $1.36 billion and $1.45 billion.Operating expenses between $93 million and $97 million.Adjusted EBITDA1 between $16 million and $21 million. Full-Year 2026 Outlook:

Revenue between $4.85 billion and $5.15 billion.Operating expenses between $325 million and $345 million.Adjusted EBITDA1 between $50 million and $75 million. Adjusted EBITDA is a non-GAAP financial measure and has not been reconciled to the most comparable GAAP outlook because it is not possible to do so without unreasonable efforts due to the uncertainty and potential variability of reconciling items, which are dependent on future events and often outside of management’s control and which could be significant. Because such items cannot be reasonably predicted with the level of precision required, we are unable to provide outlook for the comparable GAAP measures. Forward-looking estimates of Adjusted EBITDA are made in a manner consistent with the relevant definitions and assumptions noted in our filings with the Securities and Exchange Commission.

For a reconciliation of non-GAAP financial measures to the most directly comparable GAAP measures on a historical basis, see “US-GAAP Net Income (Loss) to Adjusted EBITDA Reconciliation" and "Adjusted Operating Cash Flow" included in this press release.

First Quarter 2026 Results – Virtual Fireside Chat

The Company will hold a virtual fireside chat and investor Q&A with eXp World Holdings Founder and Chief Executive Officer Glenn Sanford, eXp Realty Chief Executive Officer Leo Pareja, eXp Realty and eXp World Holdings Chief Financial Officer Jesse Hill on Monday, May 11, 2026 at 5:30 a.m. PT / 8:30 a.m. ET.

The investor Q&A is open to investors, current shareholders and anyone interested in learning more about eXp World Holdings and its companies. Submit questions in advance to [email protected].

Date: Monday, May 11, 2026

Time: 5:30 a.m. PT / 8:30 a.m. ET

Location: exp.world. Join at https://exp.world/earnings

Livestream: expworldholdings.com/events

About eXp World Holdings, Inc.

Built by Agents. Built for Agents. eXp World Holdings, Inc. (Nasdaq: AGNT) is the global parent company of eXp Realty®, the most agent-centric™ real estate brokerage on the planet, NextHome, Inc., an award-winning national real estate franchise, FrameVR.io, a virtual collaboration platform, and SUCCESS® Enterprises, a leading personal development and media brand for entrepreneurs. Together, the AGNT platform provides a world-class multi-model operating system empowering independent agents, franchise owners, and team leaders across the Americas, Europe, the Middle East, Asia Pacific, and South Africa. As a publicly traded company, eXp World Holdings prioritizes transparency, innovation, and long-term value for agents, franchise owners, staff, and shareholders.

eXp World Holdings, Inc. uses its website, www.expworldholdings.com, as a means of disclosing information which may be of interest or material to its investors and for complying with disclosure obligations under Regulation FD. We intend to announce material information to the public through filings with the Securities and Exchange Commission, our website (www.expworldholdings.com), press releases, public conference calls, public webcasts, and our Facebook, LinkedIn and Instagram pages for eXp Realty, eXp International and eXp World Holdings. Accordingly, investors should monitor each of these disclosure channels.

Use of Non-GAAP Financial Measures

To provide investors with additional information regarding our financial results, this press release includes references to adjusted EBITDA and adjusted operating cash flow which are non-U.S. GAAP financial measures that may be different from similarly titled measures used by other companies. These measures are presented to enhance investors’ overall understanding of the Company’s financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP.

The Company’s non-U.S. GAAP financial measures provide useful information about financial performance, enhance the overall understanding of past performance and future prospects, and allow for greater transparency with respect to key metrics used by management for financial and operational decision-making. These measures may also provide additional tools for investors to use in comparing core financial performance over multiple periods with other companies in the industry.

Adjusted EBITDA helps the reader identify underlying trends in the business that could otherwise be masked by the effect of the expenses excluded in adjusted EBITDA. In particular, the Company believes the exclusion of agent growth incentive stock-based compensation and stock compensation expense related to business acquisitions and stock option expenses provides a useful supplemental measure in evaluating the performance of operations and provides better transparency into results of operations. The Company defines the non-U.S. GAAP financial measure of adjusted EBITDA to mean net income, excluding other income (expense), income tax benefit (expense), depreciation, amortization, impairment charges, stock-based compensation expense and stock option expense and other items that are not core to the operating activities of the Company.Adjusted operating cash flow helps the reader understand the Company’s cash flow. The Company defines adjusted operating cash flow to mean net cash provided by operating activities, excluding the change in customer deposits. Adjusted EBITDA and adjusted operating cash flow should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with U.S. GAAP.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current expectations, estimates, projections and assumptions about future events and financial performance and involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.

Forward-looking statements in this press release include, but are not limited to, statements regarding: the Company’s financial outlook for the second fiscal quarter of 2026 and full year 2026, including revenue, operating expenses and Adjusted EBITDA; expectations regarding operating leverage, profitability, and cash generation; anticipated benefits from prior operational discipline initiatives and key leadership appointments; capital allocation priorities; potential growth and enhancement opportunities; international expansion; development, deployment and integration of artificial intelligence and other technology initiatives; agent productivity, attraction and retention; dividend payments; and long-term shareholder value creation.

The Company’s 2026 guidance and other forward-looking statements are based on assumptions and expectations as of the date of this release, including assumptions regarding housing market conditions, transaction volumes, agent count and productivity, competitive dynamics, the successful integration and operation of the NextHome franchise model and the realization of anticipated strategic benefits; macroeconomic trends, capital market conditions, regulatory environment, expense management, stock-based compensation, foreign currency impacts, and the absence of significant unforeseen events. These assumptions may prove to be incorrect.

Important factors that could cause actual results to differ materially from those indicated in forward-looking statements include, but are not limited to: adverse changes in residential real estate market conditions, interest rates, consumer confidence, or broader macroeconomic factors; fluctuations in agent attraction, retention, and productivity; the Company’s ability to achieve anticipated operating efficiencies and cost management objectives; variability in stock-based compensation expense and other non-cash charges; risks related to expansion into new markets, models or international jurisdictions; the successful development, integration and adoption of AI-enabled tools and other technology initiatives; competitive pressures, including changes in commission structures or brokerage models; regulatory, tax, or legal developments, including litigation outcomes; cybersecurity incidents or technology disruptions; capital allocation decisions, including dividends or share repurchases; and the timing, structure, or completion of potential growth and enhancement opportunities, if any, and the Company’s ability to realize anticipated benefits therefrom.

Forward-looking statements are not guarantees of future performance. The Company’s guidance represents management’s estimates as of the date of this release and should not be relied upon as necessarily indicative of future results. Actual results may vary materially and the Company undertakes 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.

Additional information regarding risks and uncertainties that could affect the Company’s results is included in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.

Media Relations Contact:

eXp World Holdings, Inc.

[email protected]

Investor Relations Contact:

Denise Garcia

[email protected]

________________________________

1 A reconciliation of adjusted EBITDA, a non-GAAP measure, to net income and a discussion of why management believes adjusted EBITDA is useful is included below.
2 A reconciliation of adjusted operating cash flow, a non-GAAP measure, to net cash provided by operating activities and a discussion of why management believes adjusted operating cash flow is useful is included below.

     EXP WORLD HOLDINGS, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except share amounts and per share data)(UNAUDITED)   Three Months Ended March 31,   2026   2025 Revenues $1,005,541  $954,906 Commissions and other agent-related costs  930,194   878,771 Gross profit  75,347   76,135 Operating expenses    General and administrative expenses  64,213   66,871 Technology and development expenses  17,595   16,805 Sales and marketing expenses  2,327   2,835 Total operating expenses  84,135   86,511 Operating income (loss)  (8,788)  (10,376)Other (income) expense    Other (income) expense, net  (268)  (943)Equity in (income) losses of unconsolidated affiliates  130   (80)Other (income) expense, net  (138)  (1,023)Income (loss) before income tax expense  (8,650)  (9,353)Income tax (benefit) expense  (3,552)  1,671 Net income (loss) $(5,098) $(11,024)Earnings (loss) per share    Basic, net income (loss) $(0.03) $(0.07)Diluted, net income (loss) $(0.03) $(0.07)Weighted average shares outstanding    Basic  162,017,200   154,738,167 Diluted  162,017,200   154,738,167 Comprehensive income (loss):    Net income (loss) $(5,098) $(11,024)Other comprehensive income (loss):    Foreign currency translation gain (loss), net of tax  (1,874)  313 Comprehensive income (loss) $(6,972) $(10,711)      EXP WORLD HOLDINGS, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands, except share amounts)  (Unaudited)    March 31, 2026 December 31, 2025     ASSETS    CURRENT ASSETS    Cash and cash equivalents $122,149  $124,245 Restricted cash  68,210   57,218 Accounts receivable, net of allowance for credit losses of $2,539 and $2,690, respectively  123,176   108,838 Prepaids and other assets  15,142   14,567 TOTAL CURRENT ASSETS  328,677   304,868 Property and equipment, net  15,149   14,314 Other noncurrent assets  23,106   23,495 Intangible assets, net  3,413   4,421 Deferred tax assets, net  79,186   77,510 Goodwill  17,635   17,872 TOTAL ASSETS $467,166  $442,480      LIABILITIES AND EQUITY    CURRENT LIABILITIES    Accounts payable $13,529  $14,613 Customer deposits  68,224   57,204 Accrued expenses  110,753   108,208 Litigation contingency  17,000   17,000 Other current liabilities  1,760   2,676 TOTAL CURRENT LIABILITIES  211,266   199,701 TOTAL LIABILITIES  211,266   199,701 EQUITY    Common Stock, $0.00001 par value 900,000,000 shares authorized; 211,059,707 issued and 164,323,924 outstanding at March 31, 2026 and 207,785,762 issued and 161,049,979 outstanding at December 31, 2025  2   2 Additional paid-in capital  1,133,497   1,105,434 Treasury stock, at cost: 46,735,783 shares held at March 31, 2026 and December 31, 2025  (742,879)  (742,879)Accumulated earnings (deficit)  (134,690)  (121,622)Accumulated other comprehensive income (loss)  (30)  1,844 TOTAL EQUITY  255,900   242,779 TOTAL LIABILITIES AND EQUITY $467,166  $442,480       EXP WORLD HOLDINGS, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands)   Three Months Ended March 31,   2026   2025 OPERATING ACTIVITIES    Net income (loss) $(5,098) $(11,024)Reconciliation of net income (loss) to net cash provided by operating activities:    Depreciation expense  1,679   1,945 Amortization expense - intangible assets  643   616 Credit (benefit) losses on receivables/bad debt on receivables  (151)  605 Equity in loss of unconsolidated affiliates  165   (80)Agent growth incentive stock-based compensation expense  9,073   8,119 Other stock-based compensation  1,446   1,853 Agent equity stock-based compensation expense  18,555   20,756 Deferred income taxes, net  (1,675)  (1,509)Changes in operating assets and liabilities:    Accounts receivable  (14,023)  (15,808)Prepaids and other assets  (575)  (2,963)Customer deposits  11,020   11,685 Accounts payable  (1,083)  (369)Accrued expenses  1,512   25,828 Other operating activities  (917)  184 NET CASH PROVIDED BY OPERATING ACTIVITIES  20,571   39,838 INVESTING ACTIVITIES    Purchases of property and equipment  (2,514)  (2,553)Investments in unconsolidated affiliates  60   (11,244)Capitalized software development costs in intangible assets  365   (450)NET CASH USED IN INVESTING ACTIVITIES  (2,089)  (14,247)FINANCING ACTIVITIES    Repurchase of common stock  -   (4,982)Proceeds from exercise of options  21   300 Dividends declared and paid  (7,970)  (7,602)NET CASH USED IN FINANCING ACTIVITIES  (7,949)  (12,284)Effect of changes in exchange rates on cash, cash equivalents and restricted cash  (1,637)  329 Net change in cash, cash equivalents and restricted cash  8,896   13,636 Cash, cash equivalents and restricted cash, beginning balance  181,463   168,588 CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE $190,359  $182,224 SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    Cash paid for income taxes  1,397   1,480 SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING ACTIVITIES:    Property and equipment purchases in accounts payable  177   214       CONSOLIDATED US-GAAP NET INCOME (LOSS) TO CONSOLIDATED ADJUSTED EBITDA RECONCILIATION(In thousands)(UNAUDITED)   Three Months Ended March 31,   2026   2025 Net income (loss) $(5,098) $(11,024)Total other (income) expense, net  (138)  (1,023)Income tax (benefit) expense  (3,552)  1,671 Depreciation and amortization  2,322   2,561 Stock-based compensation expense(1)  9,073   8,119 Other stock-based compensation expense  1,446   1,853 Consolidated adjusted EBITDA $4,053  $2,157 (1) This includes agent growth incentive stock compensation expense and stock compensation expense related to business acquisitions.      ADJUSTED OPERATING CASH FLOW(In thousands)(UNAUDITED)     Three Months Ended March 31,   2026   2025 Net Cash Provided by Operating Activities $20,571  $39,838 Less: Customer Deposits  11,020   11,685 Adjusted Operating Cash Flow $9,551  $28,153  A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/da46898b-37b9-46e0-a3e7-6a5e3f0e465e

Brokerage leader Albert Meggers launches through NextHome’s new large-office franchise model, representing the first offices to join following eXp World Holdings’ acquisition of NextHome

PLEASANTON, Calif., May 11, 2026 (GLOBE NEWSWIRE) -- NextHome, an award-winning national real estate franchise and subsidiary of eXp World Holdings, Inc. (Nasdaq: AGNT), today announced the launch of two new Southern California brokerages through NextHome’s new large-office franchise model: NextHome Coastal Estates and NextHome Central Coast.

Owned by experienced brokerage leader Albert Meggers, both offices launch with nearly 200 agents serving California’s Central Coast and Ventura County markets. The Pismo Beach office will operate as NextHome Central Coast led by Jay Peet, while the Oxnard office will operate as NextHome Coastal Estates led by Omar Velazquez.

“NextHome has built something genuinely differentiated in the franchise space — a model that puts the operator first and a culture that agents are proud to be part of,” said James Dwiggins, President of NextHome. “The launch of NextHome Coastal Estates and NextHome Central Coast is a strong signal of what’s possible when an experienced operator finds the right partner. Albert and his teams are exactly the kind of leaders this model was built for, and we could not be more excited to welcome them to NextHome.”

For Meggers, the timing of his transition to NextHome felt well-aligned with the introduction of the new franchise model.

“Real estate is going through a period of punctuated change, and we have a voice in shaping the future based on who we affiliate with,” said Albert Meggers, owner of NextHome Central Coast and NextHome Coastal Estates. “If you honestly look at where NextHome fits within the real estate industry, the vast majority of agents align with its values. I’m excited to operate under a brand I can be proud of: a company that lives its values, supports its people, and genuinely cares about its operators. I’m confident I’ve found that at NextHome.”

With more than 20 years of experience in real estate business development, Meggers has built a reputation as a leader in market share growth and brokerage expansion. In 2006, he helped introduce a nationally franchised real estate brand into the Los Angeles market before expanding operations throughout Central California. Over time, he grew that company into one of the largest brokerages in California, operating 14 offices with more than 1,200 agents and holding dominant market share positions across multiple regions.

NextHome’s large-office model offers brokerages multiple technology paths under a single agreement, allowing operators to choose the structure that best fits their business. The model was designed to reduce operational overlap, simplify brokerage systems, and give leaders more flexibility in how they scale.

About eXp World Holdings, Inc. (AGNT)

Built by Agents. Built for Agents. eXp World Holdings, Inc. (Nasdaq: AGNT) is the global parent company of eXp Realty®, the most agent-centric™ real estate brokerage on the planet, NextHome, Inc., an award-winning national real estate franchise, FrameVR.io, a virtual collaboration platform, and SUCCESS® Enterprises, a leading personal development and media brand for entrepreneurs. Together, the AGNT platform provides a world-class multi-model operating system empowering independent agents, franchise owners, and team leaders across the Americas, Europe, the Middle East, Asia Pacific, and South Africa. As a publicly traded company, eXp World Holdings prioritizes transparency, innovation, and long-term value for agents, franchise owners, staff, and shareholders.

Safe Harbor and Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect eXp World Holdings, Inc.’s (the “Company”) and its management’s current expectations but involve known and unknown risks and uncertainties that could cause actual results to differ materially. These statements include, but are not limited to, statements regarding the anticipated success and growth of NextHome Coastal Estates and NextHome Central Coast, the expected benefits of NextHome’s large-office franchise model for brokerage operators, the anticipated expansion of NextHome’s footprint in Southern California and other markets, and the Company’s ability to attract and retain experienced operators and agents across its franchise network. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include real estate market fluctuations, changes in agent retention or recruitment, franchise owner satisfaction and retention, competitive pressures in both the cloud-based brokerage and franchise markets, regulatory changes affecting real estate brokerage or franchise operations, and other risks detailed from time to time in the Company's Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Reports on Form 10-Q and Annual Report on Form 10-K. We do not undertake any obligation to update these statements except as required by law.

Media Relations Contact:
eXp World Holdings, Inc.
[email protected]

Investor Relations Contact:
Denise Garcia
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8cc898d3-3319-42a5-aefc-c2a6878787a7

Posted by Defense World Staff on Apr 2nd, 2026

Pinnacle Financial Partners (NYSE:PNFP – Get Free Report) and Park National (NYSE:PRK – Get Free Report) are both mid-cap financial services companies, but which is the better investment? We will contrast the two businesses based on the strength of their earnings, profitability, valuation, analyst recommendations, risk, institutional ownership and dividends.

Risk and Volatility Pinnacle Financial Partners has a beta of 1, meaning that its share price has a similar volatility profile to the S&P 500.Comparatively, Park National has a beta of 0.72, meaning that its share price is 28% less volatile than the S&P 500.

Profitability This table compares Pinnacle Financial Partners and Park National’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Pinnacle Financial Partners 19.41% 10.10% 1.19% Park National 23.46% 12.31% 1.50% Valuation & Earnings This table compares Pinnacle Financial Partners and Park National”s gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Pinnacle Financial Partners $3.32 billion 2.05 $641.86 million $8.09 10.83 Park National $557.19 million 5.29 $151.42 million $11.12 14.67 Pinnacle Financial Partners has higher revenue and earnings than Park National. Pinnacle Financial Partners is trading at a lower price-to-earnings ratio than Park National, indicating that it is currently the more affordable of the two stocks.

Institutional and Insider Ownership 87.4% of Pinnacle Financial Partners shares are held by institutional investors. Comparatively, 62.7% of Park National shares are held by institutional investors. 1.5% of Pinnacle Financial Partners shares are held by company insiders. Comparatively, 2.2% of Park National shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Dividends Pinnacle Financial Partners pays an annual dividend of $2.00 per share and has a dividend yield of 2.3%. Park National pays an annual dividend of $4.40 per share and has a dividend yield of 2.7%. Pinnacle Financial Partners pays out 24.7% of its earnings in the form of a dividend. Park National pays out 39.6% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Pinnacle Financial Partners has increased its dividend for 1 consecutive years and Park National has increased its dividend for 8 consecutive years. Park National is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Analyst Ratings This is a breakdown of recent ratings for Pinnacle Financial Partners and Park National, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Pinnacle Financial Partners 0 8 10 1 2.63 Park National 0 3 0 1 2.50 Pinnacle Financial Partners currently has a consensus price target of $112.24, suggesting a potential upside of 28.08%. Park National has a consensus price target of $181.50, suggesting a potential upside of 11.25%. Given Pinnacle Financial Partners’ stronger consensus rating and higher possible upside, equities research analysts plainly believe Pinnacle Financial Partners is more favorable than Park National.

Summary Park National beats Pinnacle Financial Partners on 9 of the 17 factors compared between the two stocks.

About Pinnacle Financial Partners (Get Free Report)

Pinnacle Financial Partners, Inc. operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States. It accepts various deposits, including savings, noninterest-bearing and interest-bearing checking, money market, and certificate of deposit accounts; and provides treasury management services, such as online wire origination, enhanced ACH origination, positive pay, zero balance and sweep accounts, automated bill pay services, electronic receivables processing, lockbox processing, and merchant card acceptance services, small business and commercial credit cards corporate purchasing cards, and virtual accounting/deposit escrow solutions. The company also offers equipment and working capital loan; commercial real estate loans, such as investment properties and business loan; secured and unsecured loans comprising installment and term, lines of credit, and residential first mortgage, as well as home equity loans and home equity lines of credit; and credit cards for consumers and businesses. In addition, the company provides investment products; brokerage and investment advisory programs; and fiduciary and investment services, including personal trust, investment management, estate administration, endowments, foundations, individual retirement accounts, escrow services, and custody. Further, it offers insurance agency services in the property and casualty area; investment, merger and acquisition advisory services, private debt, equity and mezzanine, and other middle-market advisory services; and other banking services, including telephone and online banking, mobile banking, debit cards, direct deposit and remote deposit capture, mobile deposit option, automated teller machine, and cash management services. Pinnacle Financial Partners, Inc. was incorporated in 2000 and is headquartered in Nashville, Tennessee.

About Park National (Get Free Report)

Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in small and medium population areas. The company offers deposits for demand, savings, and time accounts; trust and wealth management services; cash management services; safe deposit operations; electronic funds transfers; Internet and mobile banking solutions with bill pay service; credit cards; and various additional banking-related services. It also provides commercial loans, including financing for industrial and commercial properties, financing for equipment, inventory and accounts receivable, acquisition financing, and commercial leasing, as well as for consumer finance companies; commercial real estate loans comprising mortgage loans to developers and owners of commercial real estate; originates financing leases primarily for the purchase of commercial vehicles, operating/manufacturing equipment, and municipal vehicles/equipment; consumer loans, such as automobile loans; consumer finance services; home equity lines of credit; and residential real estate and construction loans, as well as installment loans and commercial loans. In addition, the company offers aircraft financing services; and ParkDirect, a personal banking application. Park National Corporation was founded in 1908 and is headquartered in Newark, Ohio.

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Posted by Defense World Staff on Apr 3rd, 2026

FNY Investment Advisers LLC purchased a new stake in Pinnacle Financial Partners, Inc. (NYSE:PNFP – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 31,332 shares of the company’s stock, valued at approximately $2,989,000. Pinnacle Financial Partners makes up about 0.9% of FNY Investment Advisers LLC’s investment portfolio, making the stock its 22nd biggest holding.

A number of other hedge funds have also made changes to their positions in PNFP. EJF Capital LLC lifted its holdings in shares of Pinnacle Financial Partners by 2.5% during the 2nd quarter. EJF Capital LLC now owns 5,138 shares of the company’s stock worth $567,000 after acquiring an additional 127 shares during the period. Profund Advisors LLC grew its position in Pinnacle Financial Partners by 4.6% in the third quarter. Profund Advisors LLC now owns 2,895 shares of the company’s stock valued at $272,000 after acquiring an additional 127 shares in the last quarter. Diversified Trust Co. increased its stake in Pinnacle Financial Partners by 0.3% during the 4th quarter. Diversified Trust Co. now owns 54,349 shares of the company’s stock worth $5,185,000 after buying an additional 137 shares during the period. Stephens Inc. AR increased its position in shares of Pinnacle Financial Partners by 7.3% during the third quarter. Stephens Inc. AR now owns 2,226 shares of the company’s stock worth $209,000 after acquiring an additional 152 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC raised its position in shares of Pinnacle Financial Partners by 1.3% in the 4th quarter. Hunter Perkins Capital Management LLC now owns 12,850 shares of the company’s stock valued at $1,226,000 after purchasing an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 87.40% of the company’s stock.

Pinnacle Financial Partners Price Performance Shares of NYSE:PNFP opened at $87.57 on Friday. The company has a market cap of $6.79 billion, a PE ratio of 10.82, a PEG ratio of 0.40 and a beta of 1.00. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. Pinnacle Financial Partners, Inc. has a 1-year low of $81.08 and a 1-year high of $120.46.

Pinnacle Financial Partners Dividend Announcement The business also recently disclosed a dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 6th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 6th. Pinnacle Financial Partners’s dividend payout ratio is currently 24.72%.

Analyst Ratings Changes Several research firms have recently commented on PNFP. TD Cowen reaffirmed a “buy” rating on shares of Pinnacle Financial Partners in a report on Wednesday, January 7th. Evercore reiterated an “outperform” rating on shares of Pinnacle Financial Partners in a research note on Thursday, February 5th. Wall Street Zen raised shares of Pinnacle Financial Partners from a “sell” rating to a “hold” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft set a $116.00 target price on Pinnacle Financial Partners and gave the company a “buy” rating in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. decreased their target price on Pinnacle Financial Partners from $120.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.24.

Read Our Latest Stock Report on PNFP

Insider Activity at Pinnacle Financial Partners In other news, CFO Andrew J. Jr. Gregory acquired 1,000 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was purchased at an average cost of $94.52 per share, with a total value of $94,520.00. Following the acquisition, the chief financial officer owned 49,485 shares of the company’s stock, valued at $4,677,322.20. This trade represents a 2.06% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.46% of the company’s stock.

About Pinnacle Financial Partners (Free Report)

Pinnacle Financial Partners (NYSE: PNFP) is a bank holding company headquartered in Nashville, Tennessee, that provides a broad range of commercial and consumer banking services. Founded in 2000, the company operates through a network of banking offices and digital channels to serve individuals, small and middle-market businesses, and institutional clients. Pinnacle’s business model emphasizes relationship-based banking and tailored financial solutions for commercial borrowers and deposit customers.

The company’s product and service offerings include commercial and residential lending, treasury and payment solutions, deposit accounts, mortgage services, and cash management.

Featured Stories Five stocks we like better than Pinnacle Financial Partners

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Community Bancorp (NASDAQ:CMTV – Get Free Report) and Pinnacle Financial Partners (NYSE:PNFP – Get Free Report) are both financial services companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, dividends, profitability, valuation, risk and earnings.

Profitability This table compares Community Bancorp and Pinnacle Financial Partners’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Community Bancorp 24.67% 15.77% 1.39% Pinnacle Financial Partners 19.41% 10.10% 1.19% Valuation & Earnings This table compares Community Bancorp and Pinnacle Financial Partners”s gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Community Bancorp $68.79 million 2.81 $16.97 million $3.01 11.52 Pinnacle Financial Partners $3.32 billion 2.16 $641.86 million $8.09 11.44 Pinnacle Financial Partners has higher revenue and earnings than Community Bancorp. Pinnacle Financial Partners is trading at a lower price-to-earnings ratio than Community Bancorp, indicating that it is currently the more affordable of the two stocks.

Dividends Community Bancorp pays an annual dividend of $1.00 per share and has a dividend yield of 2.9%. Pinnacle Financial Partners pays an annual dividend of $2.00 per share and has a dividend yield of 2.2%. Community Bancorp pays out 33.2% of its earnings in the form of a dividend. Pinnacle Financial Partners pays out 24.7% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Pinnacle Financial Partners has increased its dividend for 1 consecutive years.

Institutional & Insider Ownership 87.4% of Pinnacle Financial Partners shares are held by institutional investors. 9.3% of Community Bancorp shares are held by insiders. Comparatively, 1.5% of Pinnacle Financial Partners shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Risk & Volatility Community Bancorp has a beta of 0.25, suggesting that its stock price is 75% less volatile than the S&P 500. Comparatively, Pinnacle Financial Partners has a beta of 1, suggesting that its stock price has a similar volatility profile to the S&P 500.

Analyst Recommendations This is a summary of current recommendations for Community Bancorp and Pinnacle Financial Partners, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Community Bancorp 0 0 1 0 3.00 Pinnacle Financial Partners 0 7 11 1 2.68 Pinnacle Financial Partners has a consensus price target of $112.18, indicating a potential upside of 21.18%. Given Pinnacle Financial Partners’ higher possible upside, analysts clearly believe Pinnacle Financial Partners is more favorable than Community Bancorp.

Summary Pinnacle Financial Partners beats Community Bancorp on 10 of the 18 factors compared between the two stocks.

About Community Bancorp (Get Free Report)

Community Bancorp. operates as the bank holding company for Community National Bank that provides a range of retail banking services to residents, businesses, nonprofit organizations, and municipalities. It provides various consumer banking products and services, including checking accounts, savings programs, ATMs, debit/credit cards, and night deposit facilities, as well as online, mobile, and telephone banking. The company’s business banking products and services comprise credit products for various business purposes, including financing for commercial business properties, equipment, inventories, and accounts receivable, as well as letters of credit; and business checking and other deposit accounts, cash management services, repurchase agreements, ACH and wire transfer services, and remote deposit capture. It offers commercial real estate lending products for commercial developers and investors, residential builders and developers, and community development entities, which include credit products to facilitate the purchase of land and/or build structures for business, for investors to develop residential or commercial properties, and for real estate secured financing of existing businesses, as well as financing to startups and other small businesses. The company’s residential real estate lending products include fixed-rate and adjustable rate residential mortgage and home equity loans; retail credit products include personal, automobile, and boat/recreational vehicle loans; and municipal and institutional banking products and services for state and local governments, schools, charities, membership, and not-for-profit associations comprise deposit accounts, tax-exempt loans, lines of credit, and term loans, as well as a collateralized secured deposit products. It operates through a main office in Derby; and eleven branch offices in northeastern and central Vermont. Community Bancorp. was founded in 1851 and is headquartered in Derby, Vermont.

About Pinnacle Financial Partners (Get Free Report)

Pinnacle Financial Partners, Inc. operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States. It accepts various deposits, including savings, noninterest-bearing and interest-bearing checking, money market, and certificate of deposit accounts; and provides treasury management services, such as online wire origination, enhanced ACH origination, positive pay, zero balance and sweep accounts, automated bill pay services, electronic receivables processing, lockbox processing, and merchant card acceptance services, small business and commercial credit cards corporate purchasing cards, and virtual accounting/deposit escrow solutions. The company also offers equipment and working capital loan; commercial real estate loans, such as investment properties and business loan; secured and unsecured loans comprising installment and term, lines of credit, and residential first mortgage, as well as home equity loans and home equity lines of credit; and credit cards for consumers and businesses. In addition, the company provides investment products; brokerage and investment advisory programs; and fiduciary and investment services, including personal trust, investment management, estate administration, endowments, foundations, individual retirement accounts, escrow services, and custody. Further, it offers insurance agency services in the property and casualty area; investment, merger and acquisition advisory services, private debt, equity and mezzanine, and other middle-market advisory services; and other banking services, including telephone and online banking, mobile banking, debit cards, direct deposit and remote deposit capture, mobile deposit option, automated teller machine, and cash management services. Pinnacle Financial Partners, Inc. was incorporated in 2000 and is headquartered in Nashville, Tennessee.

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The market expects Pinnacle Financial (PNFP - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on April 22, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis regional bank operator is expected to post quarterly earnings of $2.32 per share in its upcoming report, which represents a year-over-year change of +22.1%.

Revenues are expected to be $1.18 billion, up 155.3% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.43% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Pinnacle Financial?For Pinnacle Financial, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.64%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Pinnacle Financial will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Pinnacle Financial would post earnings of $2.19 per share when it actually produced earnings of $2.24, delivering a surprise of +2.28%.

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

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Pinnacle Financial doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

ATLANTA--(BUSINESS WIRE)--Pinnacle Financial Partners, Inc. (NYSE: PNFP) today reported financial results for the quarter ended March 31, 2026.

ATLANTA--(BUSINESS WIRE)---- $pnfp #greatplacetowork--Pinnacle Financial Partners (NYSE: PNFP) hired 50 revenue-producing team members in the first quarter of 2026, progressing toward its goal of hiring 225-250 such team members this year. On average, they bring more than 18 years of financial services experience to the firm, coming from banks like Chase, Wells Fargo, Truist, First Citizens and more. “Our growth model is built, in large part, on the strength of our team member recruiting and retention, and this shows we'r.

Pinnacle Financial Partners (NYSE:PNFP) opened 2026 as a newly combined company following the close of its merger with Synovus on January 1, with management emphasizing early organic growth, stable credit trends and progress on integration plans during the bank’s first-quarter earnings call.

First-quarter results shaped by merger accounting and expenses President and CEO Kevin Blair said the company “hit the ground running” in the first 90 days after closing the deal, citing balance sheet growth and revenue performance while acknowledging sizable merger-related charges.

For the first quarter, Pinnacle reported diluted earnings per share of $0.89 and adjusted diluted EPS of $2.39. Blair said results included $275 million of merger-related cost, while “credit remained stable” and key profitability metrics such as adjusted return on tangible common equity and adjusted tangible efficiency remained strong.

Chief Financial Officer Jamie Gregory noted that sequential and year-over-year comparisons were “significantly impacted” by the merger closing on January 1, and said management would reference combined historical figures for legacy Pinnacle and Synovus to frame organic performance.

Loans, deposits and margin: management cites broad-based momentum Gregory said net interest income totaled $933 million in the first quarter, supported by “excellent balance sheet growth.” Period-end loans (excluding the day-one purchase accounting loan mark) rose $2.1 billion, or 10% annualized, from the combined firm’s fourth-quarter 2025 levels. He said most organic loan growth came from C&I, with contributions across geographic markets and specialty lending lines.

Core deposit growth was also strong. Gregory reported linked-quarter organic core deposit growth of $1.9 billion, or 8% annualized, driven by higher interest-bearing demand deposits and money market accounts and described as broad-based across business units. Total deposit growth was affected by a “strategic reduction of broker deposits,” which Gregory later characterized as a “cost optimization play.”

Net interest margin expanded to 3.53%, in line with prior guidance of 3.45% to 3.55%. Gregory attributed the NIM performance to purchase accounting marks and fixed-rate asset repricing, as well as actions taken in January to reposition part of the legacy Synovus securities portfolio. He said those transactions reduced interest rate risk, supported the bank’s liquidity profile, and eliminated “approximately all” purchase accounting accretion associated with the securities portfolio.

In Q&A, Blair said loan growth was not driven by higher line utilization, noting it was “down a little bit” in the quarter. He said the company added $8.2 billion of commitments versus $4.2 billion of funded loans, which he said could lead to future fund-ups. On pricing, Blair said new-loan yields were “right around 620” and “essentially flat,” while deposit production costs were about 2.62% and up roughly six basis points linked quarter, which he attributed to mix shifting toward money markets.

Fee revenue growth and BHG contribution Gregory said, on a combined basis, adjusted non-interest revenue increased more than 20% year-over-year and was stable compared with the fourth quarter. He pointed to “strong” year-over-year growth in core banking, wealth management and capital markets fees.

Income from the company’s equity method investment in BHG was $31 million in the quarter, which Gregory said was in line with expectations.

For 2026 guidance, Blair said the bank continues to expect approximately $1.1 billion in adjusted non-interest revenue, including projected BHG investment income of about $105 million to $115 million. Blair described a “slight headwind” versus a prior estimate as being tied to BHG’s strategy to optimize funding and delivery platforms—creating a “modest near-term revenue recognition headwind” but, in management’s view, better positioning BHG for long-term profitability and enterprise value. Gregory later added that the shift involves more distribution through securitizations and loan sales, which brings lower upfront premiums than bank partnership sales but can reduce ongoing costs and improve the predictability of earnings over time.

Integration progress, hiring momentum and conversion timeline Blair repeatedly highlighted recruiting as a core driver of growth, saying Pinnacle added 50 experienced revenue producers during the quarter and that momentum continued into April with another 37 new hires or accepted offers. He said integration is progressing “ahead of plan” and that major technology and systems decisions are “largely complete,” with the company still targeting an operational and brand conversion by March 2027.

Responding to questions about the go-to-market approach, Blair said the combined organization is moving toward the “Pinnacle model,” including rapid hiring of revenue producers and a decentralized framework. He said about 40% of first-quarter producer hires were in the legacy Synovus footprint, which he described as about a 50% increase over what would have been done in the same period last year, and said the model has been well received by Synovus bankers.

On retention, Blair said the company tracks voluntary turnover with a 7% target and said the combined organization is “right on that target” through the first 90 days, adding that some departures were retirements.

Blair also referenced external recognition, noting that legacy Pinnacle ranked first nationally in Coalition Greenwich “Best Bank” awards earned and Synovus ranked sixth, which he said Coalition Greenwich described as rare in bank mergers. Blair added that Pinnacle was ranked No. 12 on Fortune’s 100 Best Companies to Work For list, marking its 10th consecutive year on the list, and that the company joined the KBW Nasdaq Bank Index (BKX) during the quarter.

Credit trends, reserves and capital priorities Gregory said credit remained “very healthy” in the first quarter. Net charge-offs were $49 million, or 23 basis points, compared with 25 basis points for the combined firm in the fourth quarter and 19 basis points for the combined firm in 2025. The non-performing asset ratio was 0.58%, which Gregory said was “largely impacted” by two senior housing relationships that were previously rated, have specific reserves, and “should be resolved this year.”

The allowance for credit losses ended the quarter at 1.19%, up from 1.17% for legacy Pinnacle at the end of December. Gregory attributed the increase to net loan growth, deterioration in the economic forecast and more individually analyzed loans, partially offset by a decline in qualitative reserves. On the economic assumptions, Gregory said the company used Moody’s updated forecast and adjusted scenario weightings to put more emphasis on slow-growth outcomes due to uncertainty.

On portfolio disclosures, Gregory said Pinnacle’s non-depository financial institution (NDFI) loan exposure is approximately $7.3 billion and that about $700 million of legacy Pinnacle music catalog loans were reclassified into NDFI from general C&I during the quarter. In Q&A, Blair said NDFI exposure was about 9% of loans and emphasized that the category is not homogeneous; he said private credit exposure within the NDFI portfolio was about $1.7 billion, or less than 2% of total loans, and described the bank’s positioning as senior secured with structural protections.

Capital-wise, Gregory said the common equity Tier 1 ratio ended the quarter at 9.8% and that the bank intends to deploy capital generated through earnings to client growth during 2026 while building CET1 toward the low end of its target range, with a stated target of about 10.25%. He said share repurchases are planned only after reaching the low end of that target. Gregory also said the most recent capital NPR proposal could have an estimated 60 basis point positive impact to CET1. Regarding Basel III-related proposals, he said the estimated benefit from risk-weighted asset changes would be driven largely by commercial lending and residential mortgages, though he stressed the bank would wait for final rules before making capital deployment decisions.

Blair closed the call by reiterating that management’s 2026 outlook was unchanged, and said first-quarter performance supported confidence in the company’s growth model and integration trajectory. Blair also noted that Jennifer Demba, identified on the call as senior director of investor relations, will retire in June.

About Pinnacle Financial Partners (NYSE:PNFP) Pinnacle Financial Partners (NYSE: PNFP) is a bank holding company headquartered in Nashville, Tennessee, that provides a broad range of commercial and consumer banking services. Founded in 2000, the company operates through a network of banking offices and digital channels to serve individuals, small and middle-market businesses, and institutional clients. Pinnacle’s business model emphasizes relationship-based banking and tailored financial solutions for commercial borrowers and deposit customers.

The company’s product and service offerings include commercial and residential lending, treasury and payment solutions, deposit accounts, mortgage services, and cash management.

Featured Articles Five stocks we like better than Pinnacle Financial Partners

AUBURN, Ala.--(BUSINESS WIRE)--Pinnacle Financial Partners (NYSE: PNFP) has named Martee Moseley as a financial advisor and market executive to lead the firm's expansion into Auburn, Ala. This marks Pinnacle's first entry into the Auburn market. The move continues the firm's strategy of building in high-growth Southeastern communities by recruiting experienced local leaders to establish the bank and build high-performing teams. “Auburn is one of the most dynamic communities in Alabama, with ste.

ATLANTA--(BUSINESS WIRE)--Pinnacle Financial Partners (NYSE: PNFP) President and CEO Kevin Blair and CFO Jamie Gregory will participate in a fireside chat at the Morgan Stanley US Financials Conference on Tuesday, June 9, 2026, at 2:30 p.m. ET. A webcast of this event will be available on Pinnacle's investor relations website at investors.pnfp.com. For those unable to view the live webcast, it will be archived for 12 months following the event. About Pinnacle Financial Partners Pinnacle Financi.

ATLANTA--(BUSINESS WIRE)--Pinnacle Financial Partners, Inc. (NYSE: PNFP) will release second quarter 2026 financial results on Wednesday, July 22, 2026, after market close. President and Chief Executive Officer Kevin Blair and Chief Financial Officer Jamie Gregory will also host a live webcast on Thursday, July 23, at 8 a.m. ET to review financial results, the business outlook for the firm and other matters. The second quarter 2026 earnings release will be available on Pinnacle's investor relat.