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Freeport McMoRan Post-Earnings: Why Good Enough May Finally Be Good EnoughFord Motor NYSE: F reported second-quarter 2026 revenue of $48.3 billion and adjusted EBIT of $2.5 billion, as stronger pricing and favorable product mix more than offset lower volumes tied to an aluminum supply disruption and vehicle portfolio changes.

Revenue declined 4% year over year, while adjusted EBIT increased 17%. The company generated $2.1 billion in adjusted free cash flow and ended the quarter with $22.3 billion in cash and $43.4 billion in total liquidity. Ford also announced a regular third-quarter dividend of $0.15 per share.

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Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to BenefitThe company reported a net loss of $1.3 billion for the quarter, driven in part by a previously announced $3.6 billion one-time special-item charge related to the May disposition of the BlueOval SK Battery joint venture. Chief Financial Officer Sherry House said approximately $500 million of that charge was cash, with most of the remaining cash charges associated with the December 2025 announcement expected to be completed by year-end.

Guidance Raised as Pricing and Mix Strengthen Ford raised and narrowed its full-year adjusted EBIT outlook to $10 billion to $11 billion, increasing the midpoint by $1 billion. The company also lifted its adjusted free-cash-flow forecast to $6 billion to $7 billion, including expected receipt of about $500 million during 2026 from an IEEPA reimbursement booked in the first quarter.

Why "Big Short" Investor Michael Burry Sees Upside in Beaten-Down Sportbook StocksHouse said the guidance increase was driven by pricing and mix. Ford continues to assume U.S. industry sales of 16 million to 16.5 million units, commodity headwinds of slightly more than $2 billion, and $1 billion in material and warranty cost reductions for the year.

The outlook excludes potential effects from a significant escalation in the Middle East or a material downturn in the U.S. economy. Capital expenditures remain projected at $9.5 billion to $10.5 billion.

Ford Blue EBIT guidance was increased to $5 billion to $5.5 billion. Ford Pro EBIT guidance was narrowed to $7 billion to $7.5 billion. Model e losses are expected to improve to about $4 billion, including roughly $1 billion of incremental investment in the Universal EV platform and Ford Energy. Ford Credit earnings before taxes are expected to exceed $2.5 billion. Segment Results Reflect Mix Gains and Aluminum Disruption Ford Blue generated $1.1 billion of EBIT on $26.1 billion of revenue. EBIT rose 72% and revenue increased 1%, supported by product mix and net pricing, despite an 8% decline in wholesales. House said the segment benefited from favorable mix enabled by U.S. regulatory changes as well as demand for off-road and higher-trim vehicles.

Ford Blue and Model e President Andrew Frick said off-road models accounted for 25% of Ford’s U.S. sales in the second quarter. He said the Bronco family recorded its best first-half sales, while off-road mix rose more than four percentage points year over year in the quarter. Ford’s Raptor sales increased 9% year to date, and Tremor models represented 15% of Expedition sales.

Ford Pro earned $1.7 billion in EBIT on $17.8 billion of revenue, with EBIT down 26% and revenue down 5%, primarily because of the temporary Novelis aluminum disruption. Ford expects postponed Super Duty fleet orders to be recovered in the second half, according to Ford Pro President Alicia Boler Davis.

The Oakville facility is expected to begin operations in the fourth quarter and add capacity for up to 100,000 additional Super Duty units. Boler Davis said Ford Pro expects to return to its 2025 revenue run rate by year-end as Super Duty availability improves.

Model e reported an EBIT loss of $919 million on $1 billion in revenue, representing a 31% year-over-year improvement in EBIT. House said this was the segment’s third consecutive quarter of year-over-year EBIT improvement, reflecting structural cost reductions, lower incentives and right-sized first-generation EV volumes.

Novelis Recovery, Quality Progress and Software Growth Ford said it is progressing through its Novelis aluminum-supply recovery plan. The company incurred about $800 million in related temporary costs through the first half and now expects a full-year impact of approximately $1.5 billion. The hot-mill restart is on track and contingency material has been secured, House said.

CEO Jim Farley said F-Series inventory stood at about a 45-day supply, which he characterized as lean. Ford’s overall U.S. retail inventory was at a 52-day supply, slightly below its 55- to 65-day target range.

Farley also highlighted Ford’s ranking as the top mainstream brand in J.D. Power’s 2026 Initial Quality Study. Chief Operating Officer Kumar Galhotra said recalls have affected about 12 million vehicles this year, while the number of recalls is down about 40% from last year. He said newer model years are showing improvement in recall volumes and warranty performance.

Ford’s paid subscriptions grew roughly 50% to about 1.6 million, including more than 900,000 Ford Pro Intelligence paid subscriptions. Farley said BlueCruise accounted for 50% of retail Integrated Services revenue, while paid BlueCruise subscriptions rose 20% in the second quarter. He added that the company could see Integrated Services contribute roughly half a percentage point to company margin over time.

EV, Energy Storage and Other Growth Initiatives Ford said customer deliveries of its first Universal EV platform vehicle will begin next year. Farley described the planned product as an approximately $30,000 pickup with more cabin room than a Toyota RAV4, a truck bed, bi-directional charging and embedded Apple Maps.

The company is also expanding Ford Energy, its stationary energy-storage business. Farley said Ford expects to reach 20 gigawatt-hours of annual Ford Energy capacity by late next year and is in discussions with a broad range of customers. He said the company is in the “third inning” of selling its planned 2028 capacity and has the ability to expand capacity at Kentucky 1.

Separately, Farley said Ford signed a contract with the U.S. federal government to produce three Super Duty-based prototypes for potential military use. He said Ford is discussing other defense-related opportunities but provided no additional details.

About Ford Motor (NYSE:F)Ford Motor Company NYSE: F is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford's business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Bill McDermott, chief executive of ServiceNow Bloomberg/Getty Images ServiceNow has been cutting several hundred jobs as part of a global restructuring, the latest sign of pressure on the software industry.

A ServiceNow spokesperson said a "low single-digit" percentage of the company's total head count has been affected by the cuts, which have happened over several months this year.

ServiceNow ended 2025 with 29,187 employees, so the cuts likely total several hundred jobs.

CEO Bill McDermott said at the start of this year that ServiceNow would end 2026 with the same head count as it started the year with. He's also been pushing staff to reorganize their workflows to embrace new technology and be an example to ServiceNow customers on how to become more efficient.

ServiceNow has also made some big acquisitions in the past year, such as Armis and Veza, so the company is likely streamlining operations from integrating these new businesses.

One ServiceNow employee told Business Insider on Tuesday the cuts were described internally as a global restructuring and said it had been a "very tough day." This person asked not to be identified discussing sensitive matters.

Investors have hammered some software stocks in the past year on concerns that AI will disrupt the sector by reducing demand and making it easier for companies to develop their own software tools.

ServiceNow, like many enterprise software companies, is investing heavily in AI while reshaping parts of its business.

Last week, ServiceNow reported quarterly results that met or exceeded Wall Street expectations and raised its full-year subscription revenue guidance, even as investors continue to debate how AI will reshape the software industry.

Sign up for BI's Tech Memo newsletter here. Reach out to me via email at [email protected].

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Alistair Barr is the author of Business Insider's Tech Memo newsletter. Sign up here. Before that, he was BI's Global Tech Editor and the Big Tech team leader at Bloomberg, following a reporting career at The Wall Street Journal, USA Today, Reuters, and MarketWatch. Alistair won a Gerald Loeb Award in 2007 for coverage of short selling and was a finalist in 2013 for scoops on the Facebook IPO. More recently, he won a 2024 San Francisco Press Club award for commentary. Got a tip? Reach out using the secure messaging app Signal (+1 415-341-4927) or via email on [email protected] oversees all things Big Tech, along with startups and venture capital. He writes analysis and columns about topics including generative AI, large language models, cloud computing, semiconductors, online search, e-commerce, EVs, robotics, and autonomous vehicles.Popular StoriesArtificial Intelligence:It's getting harder to make big leaps at the frontier of AIOpenAI's AI-adjusted earnings numbers have echoes of Groupon and WeWorkDeath by LLM: Stack Overflow's decline, and its plan to survive, shows the future of free online data in an AI worldCloud computing:Amazon dominated the first cloud era. The AI boom has kicked off Cloud 2.0, and the company doesn't have a head start this time.In cloud, there's AI (which is hot) and everything else (which is not)Chips:Why Intel is still so important: Real countries have fabsApple's made-in-the-USA chips signal a turnaround for the US's big semiconductor betEVs and Tesla:Tesla's AI supercomputer has a Silicon Valley town rushing to meet surging electricity demandTesla's Cybertruck is outselling almost every other EV in the USOnline Search:Google is losing its status as a verbA simple way to fix search: Bright pink ads

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In the latest trading session, Main Street Capital (MAIN - Free Report) closed at $55.32, marking a +2.83% move from the previous day. This move outpaced the S&P 500's daily gain of 0.21%. Elsewhere, the Dow saw an upswing of 1.03%, while the tech-heavy Nasdaq depreciated by 0.22%.

The investment firm's stock has climbed by 4.34% in the past month, exceeding the Finance sector's gain of 3.31% and the S&P 500's gain of 1.7%.

The investment community will be closely monitoring the performance of Main Street Capital in its forthcoming earnings report. The company is scheduled to release its earnings on August 6, 2026. The company is expected to report EPS of $1.01, up 2.02% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $143.23 million, showing a 0.52% drop compared to the year-ago quarter.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.99 per share and a revenue of $580.63 million, representing changes of -5.23% and +2.51%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for Main Street Capital. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.2% upward. Right now, Main Street Capital possesses a Zacks Rank of #3 (Hold).

Digging into valuation, Main Street Capital currently has a Forward P/E ratio of 13.48. For comparison, its industry has an average Forward P/E of 7.9, which means Main Street Capital is trading at a premium to the group.

The Financial - SBIC & Commercial Industry industry is part of the Finance sector. With its current Zacks Industry Rank of 188, this industry ranks in the bottom 24% of all industries, numbering over 250.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

Mirion Technologies, Inc. (MIR - Free Report) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.1 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +20.00%. A quarter ago, it was expected that this company would post earnings of $0.1 per share when it actually produced earnings of $0.1, delivering no surprise.

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

Mirion Technologies, which belongs to the Zacks Technology Services industry, posted revenues of $266.8 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.81%. This compares to year-ago revenues of $222.9 million. The company has topped consensus revenue estimates just once over the last four quarters.

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

Mirion Technologies shares have lost about 28.1% since the beginning of the year versus the S&P 500's gain of 8.3%.

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

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

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

Ahead of this earnings release, the estimate revisions trend for Mirion Technologies was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.13 on $277.48 million in revenues for the coming quarter and $0.53 on $1.14 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 42% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

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

This company is expected to post quarterly loss of $0.21 per share in its upcoming report, which represents a year-over-year change of -50%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

ZenaTech, Inc.'s revenues are expected to be $6.97 million, up 330.3% from the year-ago quarter.

For the quarter ended June 2026, Hanover Insurance Group (THG - Free Report) reported revenue of $1.72 billion, up 4% over the same period last year. EPS came in at $5.31, compared to $4.35 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $1.73 billion, representing a surprise of -0.41%. The company delivered an EPS surprise of +36.86%, with the consensus EPS estimate being $3.88.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Hanover Insurance performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

GAAP Expense Ratio: 31% versus 30.5% estimated by four analysts on average.GAAP Combined Ratio: 91.2% versus the four-analyst average estimate of 95.6%.GAAP Loss and LAE Ratio: 60.2% versus 65% estimated by four analysts on average.Specialty - Loss and LAE Ratio: 51.3% versus the three-analyst average estimate of 53.2%.Revenues- Net investment income: $119.6 million versus the four-analyst average estimate of $124.13 million. The reported number represents a year-over-year change of +13.4%.Revenues- Premiums earned: $1.6 billion versus the four-analyst average estimate of $1.6 billion. The reported number represents a year-over-year change of +3.4%.Operating Revenues- Personal Lines- Net Premiums Earned: $652.5 million compared to the $655.84 million average estimate based on three analysts. The reported number represents a change of +2.7% year over year.Revenues- Fees and other income: $6.2 million versus the three-analyst average estimate of $6.24 million. The reported number represents a year-over-year change of +1.6%.Operating Revenues- Specialty- Net Investment Income: $27.2 million versus $28.03 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +11.9% change.Operating Revenues- Personal Lines- Net Investment Income: $33.3 million compared to the $36.32 million average estimate based on three analysts. The reported number represents a change of +10.3% year over year.Operating Revenues- Core Commercial- Other income: $1.3 million versus $1.38 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a 0% change.Operating Revenues- Specialty- Other income: $1.2 million versus $1.13 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +9.1% change.View all Key Company Metrics for Hanover Insurance here>>>

Shares of Hanover Insurance have returned +2.3% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

Huron Consulting (HURN - Free Report) came out with quarterly earnings of $2.46 per share, beating the Zacks Consensus Estimate of $2.13 per share. This compares to earnings of $1.89 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +15.49%. A quarter ago, it was expected that this consulting company would post earnings of $1.58 per share when it actually produced earnings of $1.73, delivering a surprise of +9.49%.

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

Huron Consulting, which belongs to the Zacks Consulting Services industry, posted revenues of $465.64 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.11%. This compares to year-ago revenues of $402.51 million. The company has topped consensus revenue estimates three times over the last four quarters.

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

Huron Consulting shares have lost about 32.6% since the beginning of the year versus the S&P 500's gain of 8.3%.

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

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

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

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

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.37 on $467 million in revenues for the coming quarter and $8.71 on $1.82 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Consulting Services is currently in the bottom 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, CRA International (CRAI - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.

This consulting firm is expected to post quarterly earnings of $2.12 per share in its upcoming report, which represents a year-over-year change of +12.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

CRA International's revenues are expected to be $198.35 million, up 6.1% from the year-ago quarter.

For the quarter ended June 2026, Ashland (ASH - Free Report) reported revenue of $497 million, up 7.3% over the same period last year. EPS came in at $1.02, compared to $1.04 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $486.24 million, representing a surprise of +2.21%. The company delivered an EPS surprise of -0.97%, with the consensus EPS estimate being $1.03.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Ashland performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Revenue- Intermediates: $37 million versus the three-analyst average estimate of $33.87 million. The reported number represents a year-over-year change of +12.1%.Revenue- Life Sciences: $180 million versus the three-analyst average estimate of $169.48 million. The reported number represents a year-over-year change of +11.1%.Revenue- Personal Care: $155 million compared to the $154.29 million average estimate based on three analysts. The reported number represents a change of +5.4% year over year.Revenue- Specialty Additives: $136 million compared to the $138.95 million average estimate based on three analysts. The reported number represents a change of +3.8% year over year.Revenue- Intersegment sales: $-11 million compared to the $-9.5 million average estimate based on two analysts. The reported number represents a change of +10% year over year.Adjusted EBITDA- Life Science: $60 million compared to the $55.43 million average estimate based on three analysts.Adjusted EBITDA- Personal Care: $45 million versus the three-analyst average estimate of $45.38 million.Adjusted EBITDA- Specialty Additives: $20 million versus $19.87 million estimated by three analysts on average.Adjusted EBITDA- Intermediates: $4 million versus the three-analyst average estimate of $3.71 million.OPERATING INCOME- Unallocated and other: $-37 million versus the two-analyst average estimate of $-16.5 million.View all Key Company Metrics for Ashland here>>>

Shares of Ashland have returned +3.4% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Seacoast Banking (SBCF - Free Report) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.6 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +1.67%. A quarter ago, it was expected that this holding company for Seacoast National Bank would post earnings of $0.58 per share when it actually produced earnings of $0.62, delivering a surprise of +6.9%.

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

Seacoast Banking, which belongs to the Zacks Banks - Southeast industry, posted revenues of $209.93 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.30%. This compares to year-ago revenues of $151.38 million. The company has topped consensus revenue estimates three times over the last four quarters.

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

Seacoast Banking shares have added about 5.9% since the beginning of the year versus the S&P 500's gain of 8.3%.

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

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

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

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

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.63 on $212.53 million in revenues for the coming quarter and $2.51 on $840.17 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 21% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Stock Yards Bancorp (SYBT - Free Report) , has yet to report results for the quarter ended June 2026.

This holding company for Stock Yards Bank & Trust Co. is expected to post quarterly earnings of $1.17 per share in its upcoming report, which represents a year-over-year change of +1.7%. The consensus EPS estimate for the quarter has been revised 0.8% lower over the last 30 days to the current level.

Stock Yards Bancorp's revenues are expected to be $111.3 million, up 13.7% from the year-ago quarter.

For the quarter ended June 2026, Werner Enterprises (WERN - Free Report) reported revenue of $933.93 million, up 24% over the same period last year. EPS came in at $0.22, compared to $0.11 in the year-ago quarter.

The reported revenue represents a surprise of +0.16% over the Zacks Consensus Estimate of $932.4 million. With the consensus EPS estimate being $0.22, the company has not delivered EPS surprise.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Werner performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Operating Ratio: 98.2% compared to the 95.7% average estimate based on three analysts.Truckload Transportation Services - Operating Ratio: 96.1% versus the three-analyst average estimate of 95.5%.Average trucks in service - Truckload Transportation Services: 8,712 versus the two-analyst average estimate of 9,209.Revenues- Werner Logistics: $211.73 million versus the three-analyst average estimate of $228.54 million. The reported number represents a year-over-year change of -4.3%.Revenues- Truckload Transportation Services- Trucking fuel surcharge revenues: $120.57 million versus the three-analyst average estimate of $101.13 million. The reported number represents a year-over-year change of +118.4%.Revenues- Truckload Transportation Services- Non-trucking and other: $9.78 million versus the three-analyst average estimate of $9.7 million. The reported number represents a year-over-year change of -15.3%.Revenues- Truckload Transportation Services: $702.57 million versus $679.53 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +35.7% change.Revenues- Truckload Transportation Services- Trucking revenues, net of fuel surcharge: $572.22 million versus the three-analyst average estimate of $568.67 million. The reported number represents a year-over-year change of +26.9%.Operating Income- Werner Logistics: $-3.87 million versus $1.14 million estimated by two analysts on average.Operating Income- Truckload Transportation Services: $27.12 million versus $29.59 million estimated by two analysts on average.View all Key Company Metrics for Werner here>>>

Shares of Werner have returned -7.6% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

Manhattan Associates, Inc. (MANH) Q2 2026 Earnings Call July 28, 2026 4:30 PM EDT

Company Participants

Michael Bauer - Senior Director of Investor Relations
Eric Clark - President, CEO & Director
Linda Pinne - CFO, Chief Accounting Officer and Treasurer

Conference Call Participants

Terrell Tillman - Truist Securities, Inc., Research Division
Joseph Vruwink - Robert W. Baird & Co. Incorporated, Research Division
Brian Peterson - Raymond James & Associates, Inc., Research Division
Dylan Becker - William Blair & Company L.L.C., Research Division
George Michael Kurosawa - Citigroup Inc., Research Division
Guy Drummond Hardwick - Barclays Bank PLC, Research Division
J. Lane - Stifel, Nicolaus & Company, Incorporated, Research Division
Christopher Quintero - Morgan Stanley, Research Division
Mark Schappel - Loop Capital Markets LLC, Research Division
Clark Wright - D.A. Davidson & Co., Research Division
Lachlan Brown - Rothschild & Co Redburn, Research Division

Presentation

Operator

Good afternoon. My name is Cleo, and I will be your conference facilitator today. At this time, I would like to welcome everyone to the Manhattan Associates Q2 2026 Manhattan Associates Earnings Conference Call. [Operator Instructions] As a reminder, ladies and gentlemen, this call is being recorded today, July 28, 2026. I would like to now introduce you to host, Mr. Michael Bauer, Head of Investor Relations of Manhattan Associates. Mr. Bauer, you may begin your conference.

Michael Bauer
Senior Director of Investor Relations

Thank you, Cleo, and good afternoon, everyone. Welcome to Manhattan Associates 2026 Second Quarter Earnings Call. I will review our cautionary language and then turn the call over to our President and Chief Executive Officer, Eric Clark. During the call, including the Q&A session, we may make forward-looking statements regarding future events or our future financial performance. We caution you that these forward-looking statements involve risks and uncertainties, are not guarantees of future performance, and actual results may differ materially from the projections contained in our forward-looking statements. I refer you to Manhattan's SEC

A view shows the logo of Brazilian state-run oil firm Petrobras in Rio de Janeiro, Brazil June 5, 2025. REUTERS/Ricardo Moraes Purchase Licensing Rights, opens new tab

CompaniesSAO PAULO/RIO DE JANEIRO, July 28 (Reuters) - Brazilian state-run ​oil firm Petrobras on Tuesday ‌reported total oil, gas and gas liquids production of 3.34 million barrels ​of oil equivalent per day ​in the second quarter, up 14.1% ⁠from a year earlier.

Petrobras said ​the output expansion was boosted by ​the ramp-up of floating production storage and offloading (FPSO) units Maria Quiteria, Alexandre de ​Gusmao and P-78, as well ​as the start-up of the P-79 unit.

The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.

Oil production ‌in ⁠Brazil, Petrobras' main business, rose some 15% to 2.69 million barrels per day (bpd), according to the ​company's quarterly ​sales ⁠and output report.

Sales of oil, gas and derivatives rose ​almost 12% to 3.33 million ​bpd, ⁠while exports jumped some 41% to 1.23 million bpd.

Reporting by Andre ⁠Romani ​in Sao Paulo ​and Fabio Teixeira in Rio de Janeiro; Editing ​by Chris Reese and Natalia Siniawski

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NEW YORK, July 28, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Solstice Advanced Materials, Inc. (“Solstice” or the “Company”) (NASDAQ: SOLS). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Solstice and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On July 6, 2026, Solstice issued a press release announcing an agreement to acquire Element Solutions (“Element”) “in a cash-and-stock transaction valued at approximately $14.5 billion, including the assumption of net debt.” Although Solstice’s Chief Executive Officer described the “combined company [as] very well-positioned to benefit from generational tailwinds in high-growth end markets” and touting Element’s purportedly “highly complementary capabilities, deep customer relationships and a technical service-led model”, Solstice’s stock price fell sharply as the market reacted to news of the Element acquisition, closing at $68.05 per share on July 6, 2026 – representing a decline of $12.14 per share, or 15.14%, from the Company’s July 2, 2026 closing price.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

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CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

Tesla (TSLA -0.77%) released its second-quarter update on July 22. The company's deliveries increased by a healthy 25% year over year to 480,126, the best year-over-year growth it had registered in nearly two years. Tesla's revenue came in at $28.2 billion, 26% higher than the year-ago period.

However, Tesla's earnings per share dropped 3% year over year to $0.32, as the company's decision to invest in several ongoing projects, including humanoid robots and robotaxis, compressed profits and margins. Tesla is no longer just an electric vehicle (EV) maker. Could the company make enough headway in other markets over the next five years to significantly improve the business?

Image source: The Motley Fool.

The bull thesis Tesla first launched its robotaxi service in Austin in 2025. The company has ramped things up since. Tesla's robotaxis are now available in several cities across Texas and Florida. Over the next five years, the company could build a large fleet in most major U.S. cities and start generating meaningful revenue from ride fees. An expanding ecosystem of driverless cars on the road will also help it improve its self-driving software, thanks to the real-world data these vehicles will collect, which will help it train its software.

Tesla's robotaxi business may boost the company's profits and margins. The company could also develop much more capable versions of its Optimus humanoid robots. If these robots can achieve a level where they can perform many tasks just as well -- if not better -- than humans, they could experience strong demand and potentially transform the labor market. Tesla would reap significant financial benefits from that. In the meantime, the EV maker could remain the top player in the market where it made its name.

Today's Change

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-0.77

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Current Price

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306.84

Read the fine print Tesla could run into several obstacles. Let's consider three. First, the company's rollout of its robotaxi service may not be as fast as it expects. In fact, based on the projections Elon Musk had previously made, the company is far behind where it should be at this point. It could also encounter regulatory delays and competition, especially from Waymo, whose existing fleet of fully autonomous robotaxis is bigger than Tesla's.

Second, Tesla's humanoid robot project may also encounter obstacles. It could fail to impress investors, as it has in the past, and never reach the kind of versatility Tesla needs to support the demand that would make this project profitable. Lastly, with increased competition in the EV industry -- and new models flooding the market worldwide -- even Tesla's core business may not perform well over the next five years. The bottom line is that Tesla is a risky stock. It could certainly soar through 2031, provided the company can get close to achieving its goals, but Tesla may also be a wealth destroyer over this period. Investors should only buy the company's shares if they are comfortable with the volatility.

Ford Motor Company (F - Free Report) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.37 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +27.27%. A quarter ago, it was expected that this company would post earnings of $0.2 per share when it actually produced earnings of $0.66, delivering a surprise of +230%.

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

Ford Motor, which belongs to the Zacks Automotive - Domestic industry, posted revenues of $44.89 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.81%. This compares to year-ago revenues of $46.94 billion. The company has topped consensus revenue estimates three times over the last four quarters.

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

Ford Motor shares have added about 11.9% since the beginning of the year versus the S&P 500's gain of 8.3%.

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

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

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

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

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.33 on $45.74 billion in revenues for the coming quarter and $1.62 on $176.15 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Domestic is currently in the top 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Federal Signal (FSS - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on July 30.

This company that makes products ranging from street sweepers to toll booth technology for government, industrial and commercial customers is expected to post quarterly earnings of $1.28 per share in its upcoming report, which represents a year-over-year change of +9.4%. The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level.

Federal Signal's revenues are expected to be $669.62 million, up 18.6% from the year-ago quarter.

In the latest close session, Take-Two Interactive (TTWO - Free Report) was up +1.5% at $247.62. The stock's change was more than the S&P 500's daily gain of 0.21%. Elsewhere, the Dow saw an upswing of 1.03%, while the tech-heavy Nasdaq depreciated by 0.22%.

The publisher of "Grand Theft Auto" and other video games's shares have seen a decrease of 1.29% over the last month, not keeping up with the Consumer Discretionary sector's loss of 0.15% and the S&P 500's gain of 1.7%.

Investors will be eagerly watching for the performance of Take-Two Interactive in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 7, 2026. The company is expected to report EPS of $0.31, down 49.18% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $1.35 billion, indicating a 4.81% decrease compared to the same quarter of the previous year.

TTWO's full-year Zacks Consensus Estimates are calling for earnings of $6.77 per share and revenue of $8.56 billion. These results would represent year-over-year changes of +65.12% and +27.31%, respectively.

Investors should also pay attention to any latest changes in analyst estimates for Take-Two Interactive. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 2.08% higher within the past month. Take-Two Interactive is currently sporting a Zacks Rank of #1 (Strong Buy).

Looking at its valuation, Take-Two Interactive is holding a Forward P/E ratio of 36.03. For comparison, its industry has an average Forward P/E of 18.7, which means Take-Two Interactive is trading at a premium to the group.

We can additionally observe that TTWO currently boasts a PEG ratio of 3.6. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Gaming industry held an average PEG ratio of 1.25.

The Gaming industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 183, placing it within the bottom 26% of over 250 industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

MarketBeat Week in Review – 06/23 - 6/27Skyworks Solutions NASDAQ: SWKS reported fiscal third-quarter revenue and non-GAAP earnings above the midpoint of its guidance, while outlining progress toward its proposed combination with Qorvo and a revised capital allocation strategy for the combined company.

For the June quarter, Skyworks generated revenue of $935 million and non-GAAP diluted earnings per share of $1.08, which Chief Executive Officer and President Phil Brace said was $0.05 above the midpoint of the company’s outlook. Revenue from mobile represented 57% of sales, while broad markets accounted for 43%.

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Skyworks Stock Down 16% in 2025, Poised for AI Edge SurgeChief Financial Officer and Senior Vice President Philip Carter said Skyworks’ largest customer represented approximately 57% of total revenue during the quarter. Mobile results were supported by healthy sell-through at that customer and new product ramps at Skyworks’ largest Android customer, he said.

Qorvo transaction advances Brace said regulatory reviews of Skyworks’ planned Qorvo combination were continuing to progress. In China, the review has advanced to phase three with the State Administration for Market Regulation, or SAMR, which Brace described during the question-and-answer session as the final stage of that process.

Cirrus Logic Stock Surges on Strong Apple iPhone Upgrade CycleThe company is working with regulators in the remaining jurisdictions and is now optimistic that the transaction can close within calendar 2026. Skyworks is preparing for a closing as early as its current fiscal year, although Brace noted that the deal remains subject to regulatory approvals and customary closing conditions.

In preparation for a potentially earlier closing, Skyworks anticipates raising approximately $2 billion in debt financing in the near term, subject to market and other conditions. Carter said the company ended the June quarter with approximately $814 million in cash and investments and $497 million in debt, after retiring $500 million of notes that matured during the period.

Skyworks also announced the expected leadership team for the combined company. Carter is expected to serve as chief financial officer, while Qorvo President and CEO Bob Bruggeworth is expected to join the combined company’s board of directors. Brace said the company’s integration planning remains on track and that management continues to expect at least $500 million in synergies.

Dividend discontinued as buyback program expands The board approved a new capital allocation framework for the combined company that emphasizes stock repurchases, debt reduction and strategic acquisitions. As part of the change, Skyworks will no longer declare a quarterly dividend.

The company replaced a repurchase authorization that had been scheduled to expire in February 2027 with a new $2 billion share repurchase program expiring in January 2029. Brace said the new approach is intended to provide greater flexibility and direct capital toward what management considers higher-return uses.

“We determined that we would allocate that capital towards both share repurchases, de-levering the balance sheet, and strategic opportunistic M&A,” Brace said in response to an analyst question about ending the dividend.

He added that the company is focused first on closing and integrating the Qorvo transaction. Over the longer term, management expects diversification-oriented acquisitions to remain part of its strategy, while maintaining discipline around returns and potential accretion.

Broad markets growth offset by consumer softness Broad markets revenue was approximately $403 million, up 8% from a year earlier. Skyworks said its Wi-Fi, data center and automotive businesses represented nearly two-thirds of broad markets revenue and collectively grew 15% year over year.

Brace said demand in those growth areas is running ahead of the company’s available supply. AI data center was the company’s fastest-growing business and was tracking ahead of the more than 50% annual growth rate discussed in the prior quarter, despite supply constraints. The company cited demand for high-speed connectivity, precision timing and advanced power-delivery products as data centers move toward higher data rates and higher-density architectures.

Wi-Fi 7 adoption continued, while the company said it is collaborating with customers on Wi-Fi 8. In automotive, Skyworks cited demand tied to connected vehicles and infotainment systems, as well as engagements with global automakers and tier-one suppliers on multiyear vehicle platforms.

However, Brace said strength in the growth engines was partly offset by softness in more consumer-exposed areas of the broad markets business, including consumer IoT-related devices.

September-quarter outlook For the fiscal fourth quarter, Skyworks forecast revenue of $1.01 billion to $1.06 billion. At the midpoint of $1.035 billion, the company expects non-GAAP diluted earnings per share of $1.27, based on an estimated 152 million diluted shares.

Mobile revenue is expected to increase sequentially in the high-teens percentage range, supported by seasonal product launches at Skyworks’ largest customer. Broad markets revenue is expected to grow approximately 5% year over year and represent about 39% of total sales. Gross margin is expected to be between 44% and 45%, reflecting a seasonal shift toward mobile and continued input-cost pressure. Operating expenses are expected to range from $235 million to $245 million. During the June quarter, gross margin was approximately 45%, while operating income was $182 million, or a 19.4% operating margin. Carter said rising input costs remained a headwind and are expected to persist into the September quarter. The company is pursuing cost reductions and selective price increases, primarily in broad markets, where products can have longer lifecycles and more pricing flexibility.

Brace said mobile demand signals remain stable, channel inventories are lean, and the company’s guidance reflects its current view of customer demand and inventory conditions. Looking further ahead, he said Skyworks sees increasing RF complexity from higher uplink demands, expanded receive paths, satellite connectivity and other changes that could support higher RF content in devices over time.

About Skyworks Solutions (NASDAQ:SWKS)Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company's portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.

Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in Skyworks Solutions Right Now?Before you consider Skyworks Solutions, you'll want to hear this.

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NEW YORK, July 28, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Pentair plc (“Pentair” or the “Company”) (NYSE: PNR).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Pentair and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On July 14, 2026, Pentair issued a press release announcing its preliminary second quarter 2026 financial results and revising its full year 2026 guidance.  For the second quarter, Pentair reported that “[s]ales are expected to be approximately $930 million, down 17 percent versus previous guide of up approximately 1 percent primarily due to the adverse impact of Pool channel inventory” and that “[e]arnings per diluted share from continuing operations (‘EPS’) are expected to be approximately $0.80 versus previous guidance of $1.39 to $1.42; Adjusted EPS is expected to be approximately $1.12 versus previous guide of $1.47 to $1.50 as the result of the adverse impact of Pool channel inventory and the positive impact of IEEPA refunds”.  Pentair also lowered its full year 2026 guidance, advising that “[s]ales are expected to be down approximately 4 percent to 7 percent versus previous guide of up 2 percent to 4 percent mostly attributable to destocking of inventory in the Pool channel and right sizing of channel inventory in preparation for the 2027 pool season”.  The press release also announced the departure of Chief Financial Officer Nicholas Brazis, “to pursue another opportunity at a private company.” 

On this news, Pentair’s stock price fell $11.35 per share, or 15%, to close at $64.33 per share on July 15, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.  

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

Kilroy Realty Corporation (KRC) Q2 2026 Earnings Call July 28, 2026 1:00 PM EDT

Company Participants

Angela Aman - CEO & Director
Eliott Trencher - EVP & Chief Investment Officer
Jeffrey Kuehling - Treasurer, Executive VP & CFO
A. Paratte - Executive VP & Chief Leasing Officer

Conference Call Participants

Jana Galan - BofA Securities, Research Division
Seth Bergey - Citigroup Inc., Research Division
Steve Sakwa - Evercore ISI Institutional Equities, Research Division
Caitlin Burrows - Goldman Sachs Group, Inc., Research Division
Blaine Heck - Wells Fargo Securities, LLC, Research Division
Dylan Burzinski - Green Street Advisors, LLC, Research Division
Michael Carroll - RBC Capital Markets, Research Division
John Kim - BMO Capital Markets Equity Research
Annabelle Ayer - Barclays Bank PLC, Research Division
Upal Rana - KeyBanc Capital Markets Inc., Research Division
Vikram Malhotra - Mizuho Securities USA LLC, Research Division
Anthony Paolone - JPMorgan Chase & Co, Research Division

Presentation

Operator

Hello, everyone. Thank you for joining us, and welcome to the Kilroy Realty Corporation Second Quarter 2026 Earnings Conference Call. [Operator Instructions] On the call today are Angela Aman, CEO; Jeffrey Kuehling, EVP, CFO and Treasurer; and Eliott Trencher, EVP, CIO. In addition, Justin Smart, President; and Rob Paratte, EVP, Chief Leasing Officer will be available for Q&A.

Please note that some of the information that will be discussed during this call is forward-looking in nature. Please refer to the company's supplemental package for a statement regarding the forward-looking information on this call and in the supplemental. This call is being webcast live on the company's website and will be available for replay. The company's earnings release and supplemental package have been filed on a Form 8-K with the SEC, and both are also available on the company's website. I will now turn the call over to Angela Aman. Please go ahead, Angela.

Angela Aman
CEO & Director

Thanks, Marina, and

For the quarter ended June 2026, Waste Management (WM - Free Report) reported revenue of $6.68 billion, up 4% over the same period last year. EPS came in at $2.02, compared to $1.92 in the year-ago quarter.

The reported revenue represents a surprise of -0.42% over the Zacks Consensus Estimate of $6.71 billion. With the consensus EPS estimate being $1.99, the EPS surprise was +1.51%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Waste Management performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Internal Revenue Growth - Period-to-Period Change - Total - As a % of Total Company: 4% compared to the 4.6% average estimate based on four analysts.Internal Revenue Growth - Period-to-Period Change - Volume - As a % of Total Company: -0.3% versus -0.5% estimated by three analysts on average.Internal Revenue Growth - Period-to-Period Change - Acquisitions - As a % of Total Company: 0.5% versus 0.4% estimated by two analysts on average.Internal Revenue Growth - Period-to-Period Change - Total average yield - As a % of Total Company: 4.3% compared to the 4.2% average estimate based on two analysts.Internal Revenue Growth - Period-to-Period Change - Internal revenue growth - As a % of Total Company: 3.5% versus 4.1% estimated by two analysts on average.Net Operating revenues- Renewable Energy: $157 million versus the three-analyst average estimate of $169.01 million. The reported number represents a year-over-year change of +36.5%.Net Operating revenues- Recycling Processing and Sales: $403 million compared to the $396.54 million average estimate based on three analysts. The reported number represents a change of +5.8% year over year.Net Operating revenues- Healthcare Solutions: $638 million versus the three-analyst average estimate of $647.15 million. The reported number represents a year-over-year change of -1.2%.View all Key Company Metrics for Waste Management here>>>

Shares of Waste Management have returned +6.5% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Unum (UNM - Free Report) came out with quarterly earnings of $2.16 per share, beating the Zacks Consensus Estimate of $2.14 per share. This compares to earnings of $2.07 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +0.94%. A quarter ago, it was expected that this insurance company would post earnings of $2.07 per share when it actually produced earnings of $2.14, delivering a surprise of +3.38%.

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

Unum, which belongs to the Zacks Insurance - Accident and Health industry, posted revenues of $3.38 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 14.26%. This compares to year-ago revenues of $3.38 billion. The company has topped consensus revenue estimates three times over the last four quarters.

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

Unum shares have added about 11.5% since the beginning of the year versus the S&P 500's gain of 8.3%.

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

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

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

Ahead of this earnings release, the estimate revisions trend for Unum was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.22 on $2.96 billion in revenues for the coming quarter and $8.74 on $11.92 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Accident and Health is currently in the bottom 16% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Aflac (AFL - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.

This insurer is expected to post quarterly earnings of $1.77 per share in its upcoming report, which represents a year-over-year change of -0.6%. The consensus EPS estimate for the quarter has been revised 0.5% lower over the last 30 days to the current level.

Aflac's revenues are expected to be $4.19 billion, down 7.7% from the year-ago quarter.

Tuesday, 28 July 2026 05:00 PM

Topic: 

Earnings Q2 2026 pre-tax and pre-provision income of $9.7 million.

Net income of $6.6 million ($1.54 per share).

LAKEWOOD, CO / ACCESS Newswire / July 28, 2026 / Solera National Bancorp, Inc. (OTCID:SLRK) ("Company"), the holding company for Solera National Bank ("Bank"), a business-focused bank located in the Denver metropolitan area, today reported financial results for the three months ended June 30, 2026. See highlights below.

2Q26 Financial Highlights

Pre-tax pre-provision pre-legal income of $10.3 million, a $1.6 million or 18% increase from Q2 2025.

Total interest income of $23.8 million, a $6.0 million increase, or a 34% increase from Q2 2025.

Tangible book value per share was $27.91/share, a $6.44, or 30%, increase from Q2 2025.

Return on assets was 1.68%.

Return on equity was 23.14%.

Efficiency ratio was 46.04%.

About Solera National Bancorp, Inc.

Solera National Bancorp, Inc. was incorporated in 2006 to organize and serve as the holding company for Solera National Bank, which opened for business in September 2007. Solera National Bank is a community bank serving the needs of emerging businesses and real estate investors. At the core of Solera National Bank is welcoming, attentive, and respectful customer service, a focus on supporting a growing and diverse economy, and a passion to serve our community through service, education, and volunteerism. For more information, please visit http://www.SoleraBank.com.

This press release contains statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements contained in this release, which are not historical facts and that relate to future plans or projected results of Solera National Bancorp, Inc. and its wholly-owned subsidiary, Solera National Bank, are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, or implied. We undertake no obligation to update or revise any forward-looking statement. Readers of this release are cautioned not to put undue reliance on forward-looking statements.

Contacts: Jay Hansen, CFO (303) 209-8600

FINANCIAL TABLES FOLLOW

SOLERA NATIONAL BANCORP, INC.
CONSOLIDATED BALANCE SHEET
(unaudited)

($000s)

6/301/2026

3/31/2026

12/31/2025

9/30/2025

6/30/2025

ASSETS

Cash and due from banks

$

1,357

$

2,059

$

2,280

$

1,378

$

1,969

Federal funds sold

-

-

-

23,900

-

Interest-bearing deposits with banks

1,498

1,694

1,706

1,872

2,963

Investment securities, available-for-sale

586,869

624,921

650,464

324,376

422,112

FHLB and Federal Reserve Bank stocks, at cost

8,413

14,069

16,144

3,171

5,004

Paycheck Protection Program (PPP) loans, gross

-

-

-

-

-

Traditional loans, gross

899,753

916,277

829,057

764,433

754,518

Allowance for loan and lease losses

(13,592

)

(13,178

)

(12,225

)

(11,218

)

(11,219

)

Net traditional loans

886,161

903,099

816,832

753,215

743,299

Premises and equipment, net

34,348

35,228

36,469

36,911

35,128

Accrued interest receivable

15,127

11,249

12,609

8,148

10,244

OREO

998

998

Bank-owned life insurance

5,321

5,288

5,256

5,223

5,190

Other assets

14,047

13,162

11,094

11,032

13,433

TOTAL ASSETS

$

1,554,139

$

1,611,767

$

1,552,854

$

1,169,226

$

1,239,342

LIABILITIES AND STOCKHOLDERS' EQUITY

Noninterest-bearing demand deposits

$

439,080

$

443,661

$

471,977

$

452,965

$

463,861

Interest-bearing demand deposits

89,791

93,520

97,338

88,048

65,761

Savings and money market deposits

150,861

127,259

134,847

121,868

138,964

Time deposits

612,089

569,484

421,479

358,976

436,547

Total deposits

1,291,821

1,233,924

1,125,641

1,021,857

1,105,133

Accrued interest payable

2,255

2,282

1,531

1,587

2,528

Short-term borrowings

98,939

223,414

278,525

-

-

Long-term FHLB borrowings

34,000

34,000

34,000

34,000

34,000

Accounts payable and other liabilities

7,094

8,896

6,267

6,392

5,336

TOTAL LIABILITIES

1,434,109

1,502,516

1,445,964

1,063,836

1,146,997

Common stock

43

43

43

43

43

Additional paid-in capital

38,778

38,763

38,748

38,793

38,778

Retained earnings

108,773

102,143

95,461

89,549

83,008

Accumulated other comprehensive (loss) gain

(27,565

)

(31,698

)

(27,362

)

(22,995

)

(29,484

)

TOTAL STOCKHOLDERS' EQUITY

120,029

109,251

106,890

105,390

92,345

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

$

1,554,138

$

1,611,767

$

1,552,854

$

1,169,226

$

1,239,342

SOLERA NATIONAL BANCORP, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)
Three Months Ended

($000s, except per share data)

6/301/2026

3/31/2026

12/31/2025

9/30/2025

6/30/2025

Interest and dividend income

Interest and fees on traditional loans

$

15,251

$

14,473

$

13,632

$

12,802

$

12,791

Investment securities

8,282

7,215

5,515

4,275

4,831

Dividends on bank stocks

261

239

194

91

180

Other

17

18

28

26

21

Total interest income

$

23,811

$

21,945

$

19,369

$

17,194

$

17,823

Interest expense

Deposits

9,008

7,631

6,867

6,463

6,235

FHLB & Fed borrowings

2,003

1,869

1,588

550

1,410

Total interest expense

11,011

9,500

8,455

7,013

7,645

Net interest income

12,800

12,445

10,914

10,181

10,178

Provision for loan and lease losses

605

1,008

1,010

6

310

Net interest income after
provision for loan and lease losses

12,195

11,437

9,904

10,175

9,868

Noninterest income

Customer service and other fees

251

279

262

284

291

Other income

506

1,128

310

711

677

Gain on sale of securities

2,351

3,803

3,297

2,986

2,709

Total noninterest income

3,108

5,210

3,869

3,981

3,677

Noninterest expense

Employee compensation and benefits

2,966

2,956

2,560

2,838

2,827

Occupancy

520

496

550

538

553

Professional fees

905

2,299

1,137

677

330

Other general and administrative

1,850

1,634

1,560

1,629

1,593

Total noninterest expense

6,241

7,385

5,807

5,682

5,303

Net Income Before Taxes

$

9,062

$

9,262

$

7,966

$

8,474

$

8,242

Income Tax Expense

2,431

2,580

2,054

1,934

2,309

Net Income

$

6,631

$

6,682

$

5,912

$

6,540

$

5,933

Income Per Share

$

1.54

$

1.55

$

1.37

$

1.52

$

1.38

Tangible Book Value Per Share

$

27.91

$

25.41

$

24.86

$

24.51

$

21.48

WA Shares outstanding

4,299,953

4,299,953

4,299,953

4,299,953

4,299,953

Pre-Tax Pre-Provision Income

$

9,667

$

10,270

$

8,976

$

8,480

$

8,552

Net Interest Margin

3.30

%

3.54

%

3.55

%

3.70

%

3.56

%

Cost of Funds

2.84

%

2.72

%

2.72

%

2.54

%

2.66

%

Efficiency Ratio

46.04

%

53.31

%

50.56

%

50.84

%

47.58

%

Return on Average Assets

1.68

%

1.69

%

1.74

%

2.17

%

2.02

%

Return on Average Equity

23.14

%

24.73

%

22.28

%

26.46

%

25.92

%

Leverage Ratio

9.5

%

8.7

%

8.6

%

11.0

%

9.8

%

Asset Quality:

Non-performing loans to gross loans

0.50

%

0.49

%

0.55

%

0.59

%

0.60

%

Non-performing assets to total assets

0.36

%

0.34

%

0.29

%

0.39

%

0.37

%

Allowance for loan losses to gross traditional loans

1.51

%

1.44

%

1.47

%

1.47

%

1.49

%

* Not meaningful due to the insignificant amount of non-performing loans.

Criticized loans/assets:

Special mention

$

12,775

$

12,499

$

18,986

$

19,306

$

2,842

Substandard: Accruing

45,787

42,577

44,873

35,447

39,971

Substandard: Nonaccrual

12,267

4,125

4,757

8,281

4,526

Doubtful

-

-

-

-

-

Total criticized loans

$

70,829

$

59,201

$

68,616

$

63,034

$

47,339

Other real estate owned

998

998

-

-

-

Investment securities

-

-

-

-

-

Total criticized assets

$

71,827

$

60,199

$

68,616

$

63,034

$

47,339

Criticized assets to total assets

4.62

%

3.73

%

4.42

%

5.39

%

3.82

%

SOURCE: Solera National Bancorp, Inc.

Quarterly EPS Increases 9% to $0.98 from $0.90 for the Comparable Quarter One Year AgoQuarterly Return on Average Assets Increases to 1.51%Quarterly Return on Average Equity Increases to 11.42%Quarterly Net Interest Margin Increases to 3.85%Announces a 3% Increase in the Quarterly Cash Dividend
HOQUIAM, Wash., July 28, 2026 (GLOBE NEWSWIRE) -- Timberland Bancorp, Inc. (NASDAQ: TSBK) (“Timberland” or “the Company”), the holding company for Timberland Bank (the “Bank”), today reported net income of $7.72 million, or $0.98 per diluted common share for the quarter ended June 30, 2026. This compares to net income of $7.10 million, or $0.90 per diluted common share for the comparable quarter one year ago, and $7.13 million, or $0.90 per diluted common share, for the preceding quarter.

For the first nine months of fiscal 2026, Timberland’s net income increased 11% to $23.07 million, or $2.92 per diluted common share, from $20.72 million, or $2.60 per diluted common share, for the first nine months of fiscal 2025.

“Timberland delivered another strong quarter, with net income and earnings per share up 8% and 9%, respectively, from the prior quarter, and up 9% from the year ago quarter,” stated Dean Brydon, Chief Executive Officer. “Net interest margin expanded, loan growth was solid, and most of our income-related ratios compared favorably with both the linked-quarter and year-over-year. We remain encouraged by our business model and believe we are well positioned as we head into the end of our fiscal year.”

“As a result of Timberland’s strong earnings and capital position, our Board of Directors announced a 3% increase to the quarterly cash dividend to shareholders of $0.30 per share, payable on August 24, 2026, to shareholders of record on August 10, 2026,” stated Jonathan Fischer, President and Chief Operating Officer. “This represents the 55th consecutive quarter Timberland will have paid a cash dividend and demonstrates the Board’s continued confidence in our long-term outlook.”

“Overall, this was a relatively clean quarter from an earnings standpoint, with minimal non-recurring items impacting results,” said Marci Basich, Chief Financial Officer. “Net interest margin improved this quarter, up four basis points after a modest decline last quarter and improved five basis points year-over-year. Our balance sheet positioning and proactive deposit pricing strategies continue to help mitigate the headwinds of the current interest rate environment. On the deposit side, total deposits grew 1% from the prior quarter and 6% year over year. Maintaining a disciplined funding mix and stable margin will remain a top priority going forward.”

“Net loans were up 3% from the prior quarter and 4% year-over-year,” Brydon continued. “Even with a shifting rate environment, demand across our lending categories has remained healthy.   Credit quality held steady with modest improvements in non-performing asset levels, delinquency levels, and substandard loan levels. Our markets continue to offer solid growth opportunities, and we remain confident in the quality of our loan portfolio and our disciplined approach to credit risk management.”

Earnings and Balance Sheet Highlights (at or for the periods ended June 30, 2026, compared to June 30, 2025, or March 31, 2026):

       Earnings Highlights:

Earnings per diluted common share (“EPS”) increased 9% to $0.98 for the current quarter from $0.90 for the comparable quarter one year ago and $0.90 for the preceding quarter; EPS increased 12% to $2.92 for the first nine months of fiscal 2026 from $2.60 for the first nine months of fiscal 2025;Net income increased 9% to $7.72 million for the current quarter from $7.10 million for the comparable quarter one year ago and increased 8% from $7.13 million for the preceding quarter; Net income increased 11% to $23.07 million for the first nine months of fiscal 2026 from $20.72 million for the first nine months of fiscal 2026;Return on average equity (“ROE”) and return on average assets (“ROA”) for the current quarter were 11.42% and 1.51%, respectively;Net interest margin (“NIM”) for the current quarter increased to 3.85% from 3.80% for the comparable quarter one year ago and 3.81% for the preceding quarter; andThe efficiency ratio for the current quarter improved to 53.40% from 54.48% for the comparable quarter one year ago and 55.37% for the preceding quarter.
   Balance Sheet Highlights:

Total assets increased 1% from the prior quarter and increased 5% year-over-year;Net loans receivable increased 3% from the prior quarter and increased 4% year-over-year;Total deposits increased 1% from the prior quarter and increased 6% year-over-year;Total shareholders’ equity increased 1% from the prior quarter and increased 6% year-over-year; 70,000 shares of common stock were repurchased during the current quarter for $2.83 million;Non-performing assets to total assets ratio was 0.43% at June 30, 2026, compared to 0.47% at March 31, 2026, and 0.21% at March 31, 2025;Book and tangible book (non-GAAP) values per common share increased to $35.16 and $33.19 respectively, at June 30, 2026; andLiquidity (both on-balance sheet and off-balance sheet) remained strong at June 30, 2026, with only $10 million in borrowings and additional secured borrowing line capacity of $791 million available through the Federal Home Loan Bank (“FHLB”) and the Federal Reserve.
Operating Results

Operating revenue (net interest income before the provision for credit losses plus non-interest income) for the current quarter increased 4% to $21.79 million from $21.05 million for the preceding quarter and increased 6% from $20.50 million for the comparable quarter one year ago. The increase in operating revenue compared to the preceding quarter was primarily due to an increase in interest income on loans receivable, and to a lesser extent, an increase in non-interest income, which was partially offset by an increase in interest expense on deposits. Operating revenue increased 7%, to $64.56 million for the first nine months of fiscal 2026 from $60.06 million for the first nine months of fiscal 2025, primarily due to increases in interest income on loans receivable, interest income on interest-bearing deposits in banks, and non-interest income which were partially offset by a decrease in interest income from investments securities.

Net interest income increased $562,000, or 3%, to $18.81 million for the current quarter from $18.24 million for the preceding quarter and increased $1.18 million, or 7%, from $17.62 million for the comparable quarter one year ago. The increase in net interest income compared to the preceding quarter was primarily due to a $14.62 million increase in the average interest-earning assets, a five-basis point increase in the weighted average yield on interest-bearing assets and, to a lesser extent, a two-basis point decrease in the weighted average cost of interest-bearing liabilities. Net interest income for the first nine months of fiscal 2026 increased $4.19 million, or 8%, to $56.00 million from $51.81 million for the first nine months of fiscal 2025, primarily due to a $99.58 million increase in average interest-earning assets and a 15-basis point decrease in the weighted average cost of interest-bearing liabilities.

Timberland’s NIM for the current quarter increased to 3.85% from 3.81% for the preceding quarter and from 3.80% for the comparable quarter one year ago. The NIM for the current quarter was increased by approximately two basis points due to the collection of $82,000 in pre-payment penalties, non-accrual interest, and late fees, and the accretion of $8,000 of the fair value discount on acquired loans.   The NIM for the preceding quarter was increased by approximately one basis point due to the collection of $38,000 in pre-payment penalties, non-accrual interest, and late fees, and the accretion of $10,000 of the fair value discount on acquired loans.   The NIM for the comparable quarter one year ago was increased by approximately four basis points due to the collection of $102,000 in pre-payment penalties, non-accrual interest, and late fees, and the accretion of $68,000 of the fair value discount on acquired loans. Timberland’s NIM expanded to 3.84% for the first nine months of fiscal 2026 from 3.74% for the first nine months of fiscal 2025.

A $600,000 provision for credit losses on loans was recorded for the quarter ended June 30, 2026. The provision was primarily due to loan portfolio growth and changes in the composition of the loan portfolio. This compares to a $523,000 provision for credit losses on loans for the preceding quarter and a $351,000 provision for credit losses on loans for the comparable quarter one year ago.

Non-interest income increased $181,000, or 6%, to $2.99 million for the current quarter from $2.81 million for the preceding quarter and increased $113,000, or 4%, from $2.88 million for the comparable quarter one year ago. The increase in non-interest income compared to the preceding quarter was primarily due to a $91,000 increase in BOLI net earnings, a $62,000 increase in ATM and debit card interchange fees and smaller increases in several other categories. These increases were partially offset by an $86,000 decrease in net gain on sales of loans. Fiscal year-to-date non-interest income increased by 4%, to $8.56 from $8.26 million for the first nine months of fiscal 2025.

Total operating (non-interest) expenses for the current quarter decreased $21,000, or less than 1%, to $11.64 million from $11.66 million for the preceding quarter and increased $471,000, or 4%, from $11.17 million for the comparable quarter one year ago.   The slight decrease in operating expenses compared to the preceding quarter was primarily due to decreases in salary and employee benefits expense and technology and communications expense and smaller decreases and increases in several other expense categories. The efficiency ratio for the current quarter improved to 53.40% from 55.38% for the preceding quarter and 54.48% for the comparable quarter one year ago. Fiscal year-to-date operating expenses increased 4% to $34.73 million from $33.43 million for the first nine months of fiscal 2025.

The provision for income taxes for the current quarter increased $190,000, or 11%, to $1.93 million from $1.74 million for the preceding quarter, primarily due to higher taxable income. Timberland’s effective income tax rate was 20.0% for the quarter ended June 30, 2026, compared to 19.6% for the quarter ended March 31, 2026, and 20.1% for the quarter ended June 30, 2025.   Timberland’s effective income tax rate was 20.0% for the first nine months of fiscal 2026 compared to 20.1% for the first nine months of fiscal 2025.

Balance Sheet Management

Total assets increased $14.44 million, or 1%, during the quarter to $2.06 billion at June 30, 2026, from $2.05 billion at March 31, 2026, and increased $103.63 million, or 5%, from $1.96 billion one year ago. The increase during the quarter was primarily due to increases in net loans receivable and bank owned life insurance, which were partially offset by a decrease in total cash and cash equivalents.

Liquidity

Timberland has continued to maintain a strong liquidity position, both on-balance sheet and off-balance sheet. Liquidity, as measured by the sum of cash and cash equivalents, CDs held for investment, and available for sale investment securities, was 19.3% of total liabilities at June 30, 2026, compared to 22.1% at March 31, 2026, and 17.0% one year ago. Timberland also had secured borrowing line capacity of $791 million available through the FHLB and the Federal Reserve at June 30, 2026. With a strong and diversified deposit base, only 17% of Timberland’s deposits were uninsured or uncollateralized at June 30, 2026. (Note: This calculation excludes public deposits that are fully collateralized.)

Loans

Net loans receivable increased $44.77 million, or 3%, during the quarter to $1.50 billion at June 30, 2026, from $1.45 billion at March 31, 2026, and increased $54.16 million, or 4%, from $1.44 billion at June 30, 2025.   The increase during the quarter was primarily due to a $35.26 million increase in commercial real estate loans, a $30.48 million increase in construction loans and smaller increases in several other loan categories. These increases were partially offset by an $11.58 million decrease in one- to four-family loans, a $9.70 million increase in the undisbursed portion of construction loans in process and smaller changes in several other loan categories.

Loan Portfolio
($ in thousands)

 June 30, 2026 March 31, 2026 June 30, 2025 Amount Percent Amount Percent Amount PercentMortgage loans:           One- to four-family (a)$299,921  18% $311,500  20% $317,574  21%Multi-family 214,583  13   214,107  14   200,418  13 Commercial 646,376  40   611,117  39   607,924  40 Construction - custom and           owner/builder 113,303  7   104,074  7   128,900  8Construction - speculative
one-to four-family 28,445  2   15,840  1   9,595  1 Construction - commercial 12,991  1   12,985  1   15,992  1 Construction - multi-family 91,271  6   80,246  5   32,731  2 Construction - land           development 530  --   2,915  --   15,461  1 Land 37,416  2   32,214  2   36,193  2 Total mortgage loans 1,444,836  89   1,384,998  89   1,364,788  89             Consumer loans:           Home equity and second           mortgage 54,971  4   53,252  3   47,511  3 Other 1,915  --   2,018  --   2,176  -- Total consumer loans 56,886  4   55,270  3   49,687  3             Commercial loans:           Commercial business           loans 118,852  7   125,087  8   126,497  8 SBA PPP loans --  --   5  --   101  -- Total commercial loans 118,852  7   125,092  8   126,598  8 Total loans 1,620,574  100%  1,565,360  100%  1,541,073  100%Less:           Undisbursed portion of           construction loans in           process (100,275)    (90,576)    (76,272)  Deferred loan origination           fees (5,399)    (5,259)    (5,427)  Allowance for credit losses (19,249)    (18,648)    (17,878)  Total loans receivable, net$1,495,651    $1,450,877    $1,441,496    _______________________
(a)   Does not include one- to four-family loans held for sale totaling $2,774, $1,642, and $1,763 at June 30, 2026, March 31, 2026, and June 30, 2025, respectively.

The following table provides a breakdown of commercial real estate (“CRE”) mortgage loans by collateral type as of June 30, 2026:

CRE Loan Portfolio Breakdown by Collateral
($ in thousands)           Collateral Type Balance

 Percent of CRE Portfolio Percent of Total Loan Portfolio Average    Balance Per Loan Non-AccrualIndustrial warehouses $146,809 23% 9% $1,425 $--Medical/dental offices  82,696 13  5   1,216  224Office buildings  74,252 11  5   863  --Other retail buildings  55,677 9  3   619  --Hotel/motel  41,450 6  2   2,763  4,310Mini-storage  38,190 6  2   1,469  --Gas stations/conv. stores  27,769 4  2   1,028  --Restaurants  27,660 4  2   576  --Nursing homes  13,746 2  1   1,963  --Churches  13,710 2  1   979  --Shopping centers  10,216 2  1   1,703  --Mobile home parks  9,255 2  1   441  --Additional CRE  104,946 16  6   795  --Total CRE $646,376 100% 40% $1,005 $4,534 Timberland originated $133.67 million in loans during the quarter ended June 30, 2026, compared to $71.12 million for the preceding quarter and $81.99 million for the comparable quarter one year ago. Timberland continues to originate fixed-rate one- to four-family mortgage loans, a portion of which are sold into the secondary market for asset-liability management purposes and to generate non-interest income.   During the current quarter, fixed-rate one- to four-family mortgage loans totaling $7.83 million were sold compared to $11.36 million for the preceding quarter and $5.11 million for the comparable quarter one year ago.

Investment Securities

        Timberland’s investment securities and CDs held for investment increased $863,000 or less than 1%, to $216.89 million at June 30, 2026, from $216.03 million at March 31, 2026. The increase was primarily due to the purchase of additional CDs and U.S. government agency mortgage-backed investment securities, which were partially offset by maturities of U.S. Treasury Securities and scheduled amortization.

Bank Owned Life Insurance (“BOLI”)

BOLI increased $15.25 million, or 69%, to $37.39 million at June 30, 2026, from $22.14 million at March 31, 2026. The increase was primarily due to $15.00 million in additional BOLI policies purchased during the quarter.

Deposits

Total deposits increased $20.34 million, or 1%, during the quarter to $1.76 billion at June 30, 2026, from $1.74 billion at March 31, 2026, and increased $94.07 million, or 6%, from $1.67 billion at June 30, 2025. The quarter’s increase consisted of a $7.00 million increase in certificates of deposit account balances, a $5.56 million increase in money market account balances, a $4.09 million increase in NOW account balances, a $2.99 million increase in non-interest-bearing deposit account balances, and a $700,000 increase in savings account balances.

Deposit Breakdown
($ in thousands)  June 30, 2026 March 31, 2026 June 30, 2025  Amount Percent Amount Percent Amount PercentNon-interest-bearing demand $410,967 23% $407,980 23% $406,222 24%NOW checking 374,476 21 370,385 21 334,922 20Savings 198,505 11 197,805 11 205,829 12Money market 331,375 19 325,811 19 305,207 18Certificates of deposit under $250 263,668 15 257,449 15 244,063 15Certificates of deposit $250 and over 144,209 8 141,843 8 126,254 8Certificates of deposit – brokered 40,349 3 41,937 3 46,980 3Total deposits $1,763,549 100% $1,743,210 100% $1,669,477 100%              Borrowings

Total borrowings decreased $10.00 million, or 50%, to $10.00 million at June 30, 2026, from $20.00 million as March 31, 2026 and June 30, 2025.

Shareholders’ Equity and Capital Ratios

Total shareholders’ equity increased $2.12 million, or 1%, to $273.21 million at June 30, 2026, from $271.09 million at March 31, 2026, and increased $16.54 million, or 6%, from $256.66 million at June 30, 2025. The increase in shareholders’ equity during the quarter was primarily due to net income of $7.72 million and proceeds from stock option exercises of $140,000. These increases to shareholders’ equity were partially offset by the payment of $2.27 million in dividends to shareholders and the repurchase of 70,000 shares of common stock for $2.83 million (an average price of $40.49 per share), and a $817,000 increase of accumulated other comprehensive loss. At June 30, 2026, Timberland had 157,977 shares available to be repurchased in accordance with the terms of its existing stock repurchase plan.

Timberland remains well capitalized with a total risk-based capital ratio of 20.87%, a Tier 1 leverage capital ratio of 12.82%, a tangible common equity to tangible assets ratio (non-GAAP) of 12.61%, and a shareholders’ equity to total assets ratio of 13.26% at June 30, 2026.   Timberland’s held to maturity investment securities were $117.59 million at June 30, 2026, with a net unrealized loss of $4.37 million (pre-tax). Although not permitted by U.S. Generally Accepted Accounting Principles (“GAAP”), including these unrealized losses in accumulated other comprehensive income (loss) (“AOCI”) would result in a ratio of shareholders’ equity to total assets of 13.11%, compared to 13.26%, as reported.

Asset Quality
Timberland’s non-performing assets to total assets ratio was 0.43% at June 30, 2026, compared to 0.47% at March 31, 2026, and 0.21% at June 30, 2025.   Net recoveries were $1,000 for the current quarter compared to net charge-offs of less than $1,000 for the preceding quarter and net recoveries of $1,000 for the comparable quarter one year ago. During the current quarter, a $600,000 provision for credit losses on loans was made, which was offset by a $91,000 recapture of credit losses on unfunded commitments and a $1,000 recapture of credit losses on investment securities. The allowance for credit losses (“ACL”) for loans as a percentage of loans receivable was 1.27% at June 30, 2026, compared to 1.27% at March 31, 2026, and 1.23% one year ago.

Total delinquent loans (past due 30 days or more) and non-accrual loans decreased $1.69 million, or 16%, to $8.71 million at June 30, 2026, from $10.40 million at March 31,2026, and increased $2.54 million, or 41%, from $6.17 million at June 30, 2025. Non-accrual loans decreased $849,000 or 9%, to $8.56 million at June 30, 2026 from $9.41 million at March 31, 2026, and increased $4.71 million, or 123%, from $3.84 million at June 30, 2025.   Loans graded “Substandard” decreased $874,000, or 9%, to $8.66 million at June 30, 2026 from $9.54 million at March 31, 2026 and decreased $23.71 million, or 73%, from $32.37 million at June 30, 2025.

 Non-Accrual Loans
($ in thousands)       June 30, 2026 March 31, 2026 June 30, 2025 Amount Quantity Amount Quantity Amount QuantityMortgage loans:           One- to four-family$1,930 2 $1,934 2 $1,781 1Commercial 4,534 3  4,859 4  161 2Construction – custom and           owner/builder -- --  553 1  -- --Total mortgage loans 6,464 5  7,346 7  1,942 3            Consumer loans:           Home equity and second           mortgage 452 4  352 4  575 3Other 20 1  20 1  -- --Total consumer loans 472 5  372 5  575 3            Commercial business loans 1,620 8  1,687 7  1,326 9Total loans$8,556 18 $9,405 19 $3,843 15         
Timberland had two properties classified as other real estate owned (“OREO”) at June 30, 2026:

 June 30, 2026 March 31, 2026 June 30, 2025 Amount Quantity Amount Quantity Amount QuantityOther real estate owned:           Commercial$221 1 $221 1 $221 1Land -- 1  -- 1  -- 1Total mortgage loans$221 2 $221 2 $221 2 About Timberland Bancorp, Inc.
Timberland Bancorp, Inc., a Washington corporation, is the holding company for Timberland Bank. The Bank opened for business in 1915 and primarily serves consumers and businesses across Grays Harbor, Thurston, Pierce, King, Kitsap and Lewis counties, Washington with a full range of lending and deposit services through its 24 branches (including its main office in Hoquiam).    

Disclaimer
Certain matters discussed in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to our financial condition, results of operations, plans, objectives, future performance or business. Forward-looking statements are not statements of historical fact, are based on certain assumptions and often include the words “believes,” “expects,” “anticipates,” “estimates,” “forecasts,” “intends,” “plans,” “targets,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future or conditional verbs such as “may,” “will,” “should,” “would” and “could.” Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, assumptions and statements about future economic performance. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause our actual results to differ materially from the results anticipated or implied by our forward-looking statements, including, but not limited to: potential adverse impacts to economic conditions in our local market areas, other markets where the Company has lending relationships, or other aspects of the Company's business operations or financial markets, including, without limitation, as a result of employment levels, labor shortages and the effects of inflation, a potential recession or slowed economic growth; continuing elevated levels of inflation and the impact of current and future monetary policies of the Board of Governors of the Federal Reserve System ("Federal Reserve") in response thereto; the effects of any federal government shutdown; credit risks of lending activities, including any deterioration in the housing and commercial real estate markets which may lead to increased losses and non-performing loans in our loan portfolio resulting in our ACL not being adequate to cover actual losses and thus requiring us to materially increase our ACL through the provision for credit losses; changes in general economic conditions, either nationally or in our market areas; changes in the levels of general interest rates, and the relative differences between short and long-term interest rates, deposit interest rates, our net interest margin and funding sources; fluctuations in the demand for loans, the number of unsold homes, land and other properties and fluctuations in real estate values in our market areas; secondary market conditions for loans and our ability to sell loans in the secondary market; results of examinations of us by the Federal Reserve and of our bank subsidiary by the Federal Deposit Insurance Corporation (“FDIC”), the Washington State Department of Financial Institutions, Division of Banks or other regulatory authorities, including the possibility that any such regulatory authority may, among other things, institute a formal or informal enforcement action against us or our bank subsidiary which could require us to increase our ACL, write-down assets, change our regulatory capital position or affect our ability to borrow funds or maintain or increase deposits or impose additional requirements or restrictions on us, any of which could adversely affect our liquidity and earnings; the impact of bank failures or adverse developments at other banks and related negative press about the banking industry in general on investor and depositor sentiment; legislative or regulatory changes that adversely affect our business including changes in banking, securities and tax law, in regulatory policies and principles, or the interpretation of regulatory capital or other rules; our ability to attract and retain deposits; our ability to control operating costs and expenses; the use of estimates in determining fair value of certain of our assets, which estimates may prove to be incorrect and result in significant declines in valuation; difficulties in reducing risks associated with the loans in our consolidated balance sheet; staffing fluctuations in response to product demand or the implementation of corporate strategies that affect our work force and potential associated charges; disruptions, security breaches, or other adverse events, failures or interruptions in, or attacks on, our information technology systems or on the third-party vendors who perform several of our critical processing functions; our ability to retain key members of our senior management team; costs and effects of litigation, including settlements and judgments; our ability to implement our business strategies; our ability to manage loan delinquency rates; increased competitive pressures among financial services companies; changes in consumer spending, borrowing and savings habits; the availability of resources to address changes in laws, rules, or regulations or to respond to regulatory actions; our ability to pay dividends on our common stock; the quality and composition of our securities portfolio and the impact if any adverse changes in the securities markets, including on market liquidity; inability of key third-party providers to perform their obligations to us; changes in accounting policies and practices, as may be adopted by the financial institution regulatory agencies or the Financial Accounting Standards Board ("FASB"), including additional guidance and interpretation on accounting issues and details of the implementation of new accounting methods; the economic impact of climate change, severe weather events, natural disasters, pandemics, epidemics and other public health crises, acts of war or terrorism, civil unrest and other external events on our business; other economic, competitive, governmental, regulatory, and technological factors affecting our operations, pricing, products and services; and other risks described elsewhere in this press release and in the Company's other reports filed with or furnished to the Securities and Exchange Commission.

Any of the forward-looking statements that we make in this press release and in the other public statements we make are based upon management's beliefs and assumptions at the time they are made. We do not undertake and specifically disclaim any obligation to publicly update or revise any forward-looking statements included in this press release to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements or to update the reasons why actual results could differ from those contained in such statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking statements discussed in this document might not occur and we caution readers not to place undue reliance on any forward-looking statements. These risks could cause our actual results for fiscal 2026 and beyond to differ materially from those expressed in any forward-looking statements by, or on behalf of, us, and could negatively affect the Company's consolidated financial condition and results of operations as well as its stock price performance.

   TIMBERLAND BANCORP INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF INCOME Three Months Ended($ in thousands, except per share amounts) (unaudited) June 30, March, 31 June 30,   2026   2026   2025  Interest and dividend income       Loans receivable and loans held for sale $22,457  $21,793  $21,411  Investment securities  1,800   1,751   2,064  Dividends from mutual funds, FHLB stock and other investments  71   77   83  Interest bearing deposits in banks  2,343   2,334   1,986  Total interest and dividend income  26,671   25,955   25,544          Interest expense       Deposits  7,728   7,513   7,721  Borrowings  137   198   201  Total interest expense  7,865   7,711   7,922  Net interest income  18,806   18,244   17,622  Provision for credit losses – loans  600   523   351  Recapture of credit losses – investment securities  (1)  (3)  (4) (Recapture of) prov. for credit losses – unfunded commitments  (91)  3   93  Net int. income after provision for (recapture of) credit losses  18,298   17,721   17,182          Non-interest income       Service charges on deposits  956   934   966  ATM and debit card interchange transaction fees  1,193   1,131   1,262  Gain on sales of investment securities, net  --   --   24  Gain on sales of loans, net  150   236   138  Bank owned life insurance (“BOLI”) net earnings  246   155   171  Other  443   351   314  Total non-interest income, net  2,988   2,807   2,875          Non-interest expense       Salaries and employee benefits  6,383   6,469   5,825  Premises and equipment  1,082   1,116   973  Advertising  202   182   182  OREO and other repossessed assets, net  3   3   8  ATM and debit card processing  532   471   658  Postage and courier  145   155   137  State and local taxes  453   428   570  Professional fees  361   325   341  FDIC insurance  222   228   211  Loan administration and foreclosure  155   141   99  Technology and communications  1,109   1,177   993  Deposit operations  348   363   345  Amortization of core deposit intangible (“CDI”)  34   34   45  Other, net  609   567   780  Total non-interest expense, net  11,638   11,659   11,167          Income before income taxes  9,648   8,869   8,890  Provision for income taxes  1,928   1,738   1,790  Net income $7,720  $7,131  $7,100          Net income per common share:       Basic $0.99  $0.91  $0.90  Diluted  0.98   0.90   0.90          Weighted average common shares outstanding:       Basic  7,804,449   7,875,436   7,893,308  Diluted  7,854,638   7,922,232   7,921,762               TIMBERLAND BANCORP INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF INCOME Nine Months Ended($ in thousands, except per share amounts) (unaudited) June 30,   June 30,   2026     2025  Interest and dividend income       Loans receivable and loans held for sale $66,924    $63,339  Investment securities  5,413     6,205  Dividends from mutual funds, FHLB stock and other investments  229     252  Interest bearing deposits in banks  7,255     5,870  Total interest and dividend income  79,821     75,666          Interest expense       Deposits  23,284     23,259  Borrowings  538     602  Total interest expense  23,822     23,861  Net interest income  55,999     51,805  Provision for credit losses – loans  1,140     640  Recapture of credit losses – investment securities  (6)    (14) Prov. for (recapture of) credit losses - unfunded commitments  (137)    87  Net int. income after provision for (recapture of) credit losses  55,002     51,092          Non-interest income       Service charges on deposits  2,879     2,924  ATM and debit card interchange transaction fees  3,518     3,706  Gain on sales of investment securities, net  --     24  Gain on sales of loans, net  464     303  Bank owned life insurance (“BOLI”) net earnings  559     503  Other  1,140     799  Total non-interest income, net  8,560     8,259          Non-interest expense       Salaries and employee benefits  19,305     17,893  Premises and equipment  3,273     2,998  Advertising  576     552  OREO and other repossessed assets, net  11     17  ATM and debit card processing  1,584     1,700  Postage and courier  443     401  State and local taxes  1,338     1,251  Professional fees  1,003     1,118  FDIC insurance  671     640  Loan administration and foreclosure  376     383  Technology and communications  3,340     3,253  Deposit operations  1,058     997  Amortization of core deposit intangible (“CDI”)  102     135  Other, net  1,647     2,090  Total non-interest expense, net  34,727     33,428          Income before income taxes  28,835     25,923  Provision for income taxes  5,767     5,208  Net income $23,068    $20,715          Net income per common share:       Basic $2.94    $2.61  Diluted  2.92     2.60          Weighted average common shares outstanding:       Basic  7,855,218     7,929,626  Diluted  7,899,972     7,963,412             TIMBERLAND BANCORP INC. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEETS ($ in thousands, except per share amounts) (unaudited) June 30, March 31, June 30,   2026   2026   2025 Assets      Cash and due from financial institutions $32,800  $24,157  $32,532 Interest-bearing deposits in banks  213,282   270,514   161,095  Total cash and cash equivalents  246,082   294,671   193,627         Certificates of deposit (“CDs”) held for investment, at cost  7,964   5,972   8,462 Investment securities:       Held to maturity, at amortized cost (net of ACL – investment securities)  117,587   117,327   141,570  Available for sale, at fair value  90,484   91,869   86,475 Investments in equity securities, at fair value  858   862   855 FHLB stock  1,653   2,103   2,045 Other investments, at cost  3,000   3,000   3,000 Loans held for sale  2,774   1,642   1,763        Loans receivable  1,514,900   1,469,525   1,459,374 Less: ACL – loans  (19,249)  (18,648)  (17,878) Net loans receivable  1,495,651   1,450,877   1,441,496         Premises and equipment, net  22,149   21,925   21,490 OREO and other repossessed assets, net  221   221   221 BOLI  37,389   22,143   24,113 Accrued interest receivable  7,321   7,397   7,174 Goodwill  15,131   15,131   15,131 CDI  169   203   316 Loan servicing rights, net  608   641   911 Operating lease right-of-use assets  4,122   2,767   1,248 Other assets  7,663   7,635   7,295  Total assets $2,060,826  $2,046,386  $1,957,192         Liabilities and shareholders’ equity      Deposits: Non-interest-bearing demand $410,967  $407,980  $406,222 Deposits: Interest-bearing  1,352,582   1,335,230   1,263,255  Total deposits  1,763,549   1,743,210   1,669,477         Operating lease liabilities  4,323   2,937   1,350 FHLB borrowings  10,000   20,000   20,000 Other liabilities and accrued expenses  9,748   9,150   9,701  Total liabilities  1,787,620   1,775,297   1,700,528        Shareholders’ equity      Common stock, $.01 par value; 50,000,000 shares authorized;
7,769,668 shares issued and outstanding – June 30, 2026
7,833,643 shares issued and outstanding – March 31, 2026
7,876,853 shares issued and outstanding – June 30, 2025  21,465

   23,982

   27,226

 Retained earnings  252,908   247,457   230,213 Accumulated other comprehensive loss  (1,167)  (350)  (775) Total shareholders’ equity  273,206   271,089   256,664  Total liabilities and shareholders’ equity $2,060,826  $2,046,386  $1,957,192   Three Months EndedPERFORMANCE RATIOS: June 30, 2026 March 31, 2026 June 30, 2025Return on average assets (a)  1.51%  1.43%  1.47%Return on average equity (a)  11.42%  10.72%  11.23%Net interest margin (a)  3.85%  3.81%  3.80%Efficiency ratio  53.40%  55.38%  54.48%        Nine Months Ended  June 30, 2026   June 30, 2025Return on average assets (a)  1.52%    1.44%Return on average equity (a)  11.49%    11.07%Net interest margin (a)  3.84%    3.74%Efficiency ratio  53.79%    55.65%        At or for the Period Indicated  June 30, 2026 March 31, 2026 June 30, 2025ASSET QUALITY RATIOS AND DATA: ($ in thousands)      Non-accrual loans $8,556  $9,405  $3,843 Loans past due 90 days and still accruing  --   --   -- Non-performing investment securities  29   30   38 OREO and other repossessed assets  221   221   221 Total non-performing assets (b) $8,806  $9,656  $4,102        Non-performing assets to total assets (b)  0.43%  0.47%  0.21%Net charge-offs (recoveries) during quarter $(1) $--  $(1)Allowance for credit losses - loans to non-accrual loans  225%  198%  465%Allowance for credit losses - loans to loans receivable (c)  1.27%  1.27%  1.23%              CAPITAL RATIOS:      Tier 1 leverage capital  12.82%  12.82%  12.63%Tier 1 risk-based capital  19.61%  20.29%  19.29%Common equity Tier 1 risk-based capital  19.61%  20.29%  19.29%Total risk-based capital  20.86%  21.55%  20.54%Tangible common equity to tangible assets (non-GAAP)  12.61%  12.59%  12.42%       BOOK VALUES:      Book value per common share $35.16  $34.61  $32.58 Tangible book value per common share (d)  33.19   32.65   30.62  ________________________________________________

(a) Annualized
(b) Non-performing assets include non-accrual loans, loans past due 90 days and still accruing, non-performing investment securities and OREO and other repossessed assets.
(c) Does not include loans held for sale and is before the allowance for credit losses.
(d) Tangible common equity divided by common shares outstanding (non-GAAP).                             

AVERAGE BALANCES, YIELDS, AND RATES - QUARTERLY
($ in thousands)
(unaudited)

 For the Three Months Ended  June 30, 2026 March 31, 2026 June 30, 2025 Amount Rate Amount Rate Amount Rate            Assets           Loans receivable and loans held for sale$1,489,910  6.04% $1,474,095  5.99% $1,450,350  5.92%Investment securities and FHLB stock (1) 213,161  3.52   213,089  3.48   232,272  3.71 Interest-earning deposits in banks and CDs 254,034  3.70   255,300  3.71   178,887  4.45 Total interest-earning assets 1,957,105  5.47   1,942,484  5.42   1,861,509  5.50 Other assets 86,893     78,917     79,715   Total assets$2,043,998    $2,021,401    $1,941,224               Liabilities and Shareholders’ Equity           NOW checking accounts$360,166  1.46% $364,926  1.53% $333,074  1.39%Money market accounts 337,150  2.76   312,593  2.70   304,526  3.16 Savings accounts 197,959  0.27   197,031  0.28   205,592  0.35 Certificates of deposit accounts 405,958  3.51   399,665  3.56   363,342  3.77 Brokered CDs 39,389  4.16   38,176  4.29   48,028  4.83 Total interest-bearing deposits 1,340,622  2.31   1,312,391  2.32   1,254,562  2.47 Borrowings 13,629  4.02   20,000  4.03   20,002  4.03 Total interest-bearing liabilities 1,354,251  2.33   1,332,391  2.35   1,274,564  2.49             Non-interest-bearing demand deposits 406,444     407,936     402,717   Other liabilities 12,113     11,373     10,266   Shareholders’ equity 271,190     269,701     253,677   Total liabilities and shareholders’ equity$2,043,998    $2,021,401    $1,941,224               Interest rate spread  3.14%   3.07%   3.01%Net interest margin (2)  3.85%   3.81%   3.80%Average interest-earning assets to           average interest-bearing liabilities 144.52%    145.79%    146.05%              _____________________________________
(1) Includes other investments
(2) Net interest margin = annualized net interest income /
      average interest-earning assets
        

AVERAGE BALANCES, YIELDS, AND RATES – YEAR TO DATE
($ in thousands)
(unaudited)

 For the Nine Months Ended
 June 30, 2026
   June 30, 2025
 Amount Rate     Amount Rate            Assets           Loans receivable and loans held for sale$1,480,873  6.04%     $1,441,506  5.87%Investment securities and FHLB stock (1) 214,965  3.51       237,400  3.81 Interest-earning deposits in banks and CDs 255,243  3.80       172,591  4.55 Total interest-earning assets 1,951,081  5.47       1,851,497  5.49 Other assets 81,696         77,595   Total assets$2,032,777        $1,929,092               Liabilities and Shareholders’ Equity           NOW checking accounts$364,563  1.53%     $329,883  1.36%Money market accounts 317,944  2.77       311,762  3.26 Savings accounts 197,796  0.28       205,764  0.30 Certificates of deposit accounts 402,415  3.60       346,313  3.89 Brokered CDs 39,028  4.25       48,169  4.89 Total interest-bearing deposits 1,321,746  2.37       1,241,891  2.50 Borrowings 17,876  4.02       20,001  4.02 Total interest-bearing liabilities 1,339,622  2.38       1,261,892  2.53             Non-interest-bearing demand deposits 412,354         406,906   Other liabilities 12,384         10,159   Shareholders’ equity 268,417         250,135   Total liabilities and shareholders’ equity$2,032,777        $1,929,092               Interest rate spread  3.09%       2.96%Net interest margin (2)  3.84%       3.74%Average interest-earning assets to           average interest-bearing liabilities 145.64%        146.72%   _____________________________________
(1) Includes other investments
(2) Net interest margin = annualized net interest income /
average interest-earning assets
        

Non-GAAP Financial Measures
In addition to results presented in accordance with GAAP, this press release contains certain non-GAAP financial measures. Timberland believes that certain non-GAAP financial measures provide investors with information useful in understanding the Company’s financial performance; however, readers of this report are urged to review these non-GAAP financial measures in conjunction with GAAP results as reported.

Financial measures that exclude intangible assets are non-GAAP measures. To provide investors with a broader understanding of capital adequacy, Timberland provides non-GAAP financial measures for tangible common equity, along with the GAAP measure. Tangible common equity is calculated as shareholders’ equity less goodwill and CDI. In addition, tangible assets equal total assets less goodwill and CDI.

The following table provides a reconciliation of ending shareholders’ equity (GAAP) to ending tangible shareholders’ equity (non-GAAP) and ending total assets (GAAP) to ending tangible assets (non-GAAP).

($ in thousands) June 30, 2026 March 31, 2026 June 30, 2025       Shareholders’ equity $273,206  $271,089  $256,664 Less goodwill and CDI  (15,300)  (15,334)  (15,447)Tangible common equity $257,906  $255,755  $241,217        Total assets $2,060,826  $2,046,386  $1,957,192 Less goodwill and CDI  (15,300)  (15,334)  (15,447)Tangible assets $2,045,526  $2,031,052  $1,941,745    Contact:Dean J. Brydon, CEO
Jonathan A. Fischer, President & COO
Marci A. Basich, CFO
(360) 533-4747
www.timberlandbank.com

CoStar Group (CSGP - Free Report) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +14.29%. A quarter ago, it was expected that this commercial real estate information and marketing provider would post earnings of $0.18 per share when it actually produced earnings of $0.23, delivering a surprise of +27.78%.

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

CoStar, which belongs to the Zacks Computers - IT Services industry, posted revenues of $925 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.47%. This compares to year-ago revenues of $781.3 million. The company has topped consensus revenue estimates two times over the last four quarters.

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

CoStar shares have lost about 56.6% since the beginning of the year versus the S&P 500's gain of 8.3%.

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

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

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

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

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.37 on $978.07 million in revenues for the coming quarter and $1.34 on $3.81 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

DXC Technology Company. (DXC - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 30.

This company is expected to post quarterly earnings of $0.42 per share in its upcoming report, which represents a year-over-year change of -38.2%. The consensus EPS estimate for the quarter has been revised 0.3% lower over the last 30 days to the current level.

DXC Technology Company.'s revenues are expected to be $2.99 billion, down 5.5% from the year-ago quarter.

, /PRNewswire/ -- This press release provides shareholders of Cohen & Steers Quality Income Realty Fund, Inc. (NYSE: RQI) (the "Fund") with information regarding the sources of the distribution to be paid on July 31, 2026 and cumulative distributions paid fiscal year-to-date.

In December 2012, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission. The managed distribution policy seeks to deliver the Fund's long-term total return potential through regular monthly distributions declared at a fixed rate per common share. The policy gives the Fund greater flexibility to realize long-term capital gains throughout the year and to distribute those gains on a regular monthly basis to shareholders. The Board of Directors of the Fund may amend, terminate or suspend the managed distribution policy at any time, which could have an adverse effect on the market price of the Fund's shares. 

The Fund's monthly distributions may include long-term capital gains, short-term capital gains, net investment income and/or return of capital for federal income tax purposes. Return of capital includes distributions paid by the Fund in excess of its net investment income and net realized capital gains and such excess is distributed from the Fund's assets. A return of capital is not taxable; rather, it reduces a shareholder's tax basis in his or her shares of the Fund. In addition, distributions from the Fund's investments in real estate investment trusts (REITs) may later be characterized as capital gains and/or a return of capital, depending on the character of the dividends reported to the Fund after year-end by REITs held by the Fund. The amount of monthly distributions may vary depending on a number of factors, including changes in portfolio and market conditions.

At the time of each monthly distribution, information will be posted to cohenandsteers.com and mailed to shareholders in a concurrent notice. However, this information may change at the end of the year because the final tax characteristics of the Fund's distributions cannot be determined with certainty until after the end of the calendar year. Final tax characteristics of all of the Fund's distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year.

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year-to-date from the sources indicated. All amounts are expressed per common share.

DISTRIBUTION ESTIMATES

July 2026

YEAR-TO-DATE (YTD)

July 31, 2026*

Source

Per Share
Amount

% of Current
Distribution

Per Share
Amount

% of 2026
Distributions

Net Investment Income

$0.0505

56.11 %

$0.1594

25.30 %

Net Realized Short-Term Capital Gains

$0.0125

13.89 %

$0.0125

1.98 %

Net Realized Long-Term Capital Gains

$0.0270

30.00 %

$0.4581

72.72 %

Return of Capital (or other Capital Source)

$0.0000

0.00 %

$0.0000

0.00 %

Total Current Distribution

$0.0900

100.00 %

$0.6300

100.00 %

You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's managed distribution policy.  The amounts and sources of distributions reported in this Notice are only estimates, are likely to change over time, and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The amounts and sources of distributions year-to-date may be subject to additional adjustments.

*THE FUND WILL SEND YOU A FORM 1099-DIV FOR THE CALENDAR YEAR THAT WILL TELL YOU HOW TO REPORT THESE DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES.

The Fund's Year-to-date Cumulative Total Return for fiscal year 2026 (January 1, 2026 through June 30, 2026) is set forth below. Shareholders should take note of the relationship between the Year-to-date Cumulative Total Return with the Fund's Cumulative Distribution Rate for 2026. In addition, the Fund's Average Annual Total Return for the five-year period ending June 30, 2026 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund's Current Annualized Distribution Rate for 2026. The performance and distribution rate information disclosed in the table is based on the Fund's net asset value per share (NAV). The Fund's NAV is calculated as the total market value of all the securities and other assets held by the Fund minus the total liabilities, divided by the total number of shares outstanding. While NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's individual investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market. 

Fund Performance and Distribution Rate Information:

Year-to-date January 1, 2026 to June 30, 2026

Year-to-date Cumulative Total Return1

15.51 %

Cumulative Distribution Rate2

4.71 %

Five-year period ending June 30, 2026

Average Annual Total Return3

4.75 %

Current Annualized Distribution Rate4

8.07 %

1.

Year-to-date Cumulative Total Return is the percentage change in the Fund's NAV over the year-to-date time period
including distributions paid and assuming reinvestment of those distributions.

2.

Cumulative Distribution Rate for the Fund's current fiscal period (January 1, 2026 through July 31, 2026) measured
on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of June 30, 2026.

3.

Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the
five-year period ending June 30, 2026. Annual NAV Total Return is the percentage change in the Fund's NAV
over a year including distributions paid and assuming reinvestment of those distributions.

4.

The Current Annualized Distribution Rate is the current fiscal period's distribution rate annualized as a percentage
of the Fund's NAV as of June 30, 2026.

Investors should consider the investment objectives, risks, charges and expense of the Fund carefully before investing. You can obtain the Fund's most recent periodic reports, when available, and other regulatory filings by contacting your financial advisor or visiting cohenandsteers.com. These reports and other filings can be found on the Securities and Exchange Commission's EDGAR Database. You should read these reports and other filings carefully before investing.

Shareholders should not use the information provided here in preparing their tax returns. Shareholders will receive a Form 1099-DIV for the calendar year indicating how to report Fund distributions for federal income tax purposes.

About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore.  

Forward-Looking Statements
This press release and other statements that Cohen & Steers may make may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the company's current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties.

Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

Website: https://www.cohenandsteers.com
Symbol: (NYSE: CNS)

SOURCE Cohen & Steers, Inc.

RALEIGH, N.C., July 28, 2026 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has released its second quarter 2026 results. To view the release, please visit the investors section of our website at www.highwoods.com or click on the following link:

HIW Reports Second Quarter 2026 Results

About Highwoods

Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (“REIT”) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa. Our vision is to be a leader in the evolution of commercial real estate for the benefit of our customers, our communities and those who invest with us. Our mission is to create environments and experiences that inspire our teammates and our customers to achieve more together. We are in the work-placemaking business and believe that by creating exceptional environments and experiences, we can deliver greater value to our customers, their teammates and, in turn, our shareholders. For more information about Highwoods, please visit our website at www.highwoods.com.

Contact:Brendan Maiorana
Executive Vice President and Chief Financial Officer
[email protected]
919-872-4924