Market Signal Briefing

Analyst’s Disclosure: I/we have a beneficial long position in the shares of GCT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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

Farmer Bros. Co. (FARM) Q2 2026 Earnings Call February 13, 2026 5:00 PM EST

Company Participants

John Moore - CEO, President & Director
Vance Fisher - Chief Financial Officer

Presentation

Operator

Good afternoon, and welcome to the Farmer Bros. Fiscal Second Quarter 2026 Earnings Conference Call. [Operator Instructions]. As a reminder, this call is being recorded. Today, the company filed its Form 10-Q and issued its second quarter results press release, which are available on the Investor Relations section of Farmer Brothers website at farmerbros.com. The release is also included as an exhibit on the company's Form 10-Q and is available on its website and the Securities and Exchange Commission's website at sec.gov.

A replay of this audio-only webcast will also be available on the company's website approximately 2 hours after the conclusion of this call. Before we begin the call, please note all financial information presented is unaudited and various remarks made by management during this call about the company's future expectations, plans and prospects may constitute forward-looking statements for purposes of the safe harbor provisions under the federal securities laws and regulations.

These forward-looking statements represent the company's views as of today and should not be relied upon as representing the company's views as of any subsequent date. Results could differ materially from those forward-looking statements. Additional information on factors which could cause actual results and other events to differ materially from those forward-looking statements is available in the company's release and public filings. On today's call, management will also reference certain non-GAAP financial measures, including adjusted EBITDA and adjusted EBITDA margin in assessing the company's operating performance. Reconciliation of these non-GAAP financial measures to their most directly comparable GAAP measures is also included in the company's release and SEC filings. I will now turn the call over to Farmer Brothers President and Chief Executive

Warner Bros Discovery logo is seen in this illustration taken December 5, 2025. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab

SummaryCompaniesSachem Head doubled stake in Warner Bros DiscoveryParamount Skydance made hostile bid for Warner Bros DiscoverySachem Head was one of 2025's best-performing hedge fundsNEW YORK, Feb 13 (Reuters) - Warner Bros. Discovery (WBD.O), opens new tab attracted the attention of activist investor Sachem Head Capital Management in the fourth quarter when the media and entertainment giant agreed to sell its streaming and studios business to Netflix, according to a regulatory filing on Friday.

Sachem Head, one of last year's best-performing hedge funds, said in the Securities and Exchange Commission filing that it more than doubled its holding in Warner Bros. Discovery to own nearly 8 million shares at the end of the fourth quarter.

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The company, which has a market value of roughly $70 billion, ranked among Sachem Head's 10 biggest investments in U.S. stocks at the end of last year.

The move is noteworthy at a time when media giant Paramount Skydance (PSKY.O), opens new tab is also racing to buy Warner Bros. Discovery, having made a hostile bid that was rejected last month.

This week, Paramount increased pressure on Warner Bros. Discovery to try and persuade its intended target to at least sit down and discuss whether its bid could possibly become more attractive than what Netflix (NFLX.O), opens new tab is offering.

Paramount hinted it may try to unseat Warner Bros. Discovery directors in a board fight and suggested the head of one of Warner Bros. Discovery's biggest investors, Pentwater Capital Management, might make an attractive director candidate, opens new tab.

Sachem Head's filing also showed that it made a new bet on telecommunications company EchoStar (SATS.O), opens new tab by buying 5.2 million shares. It also made a new bet on online used car retailer Carvana (CVNA.N), opens new tab and entertainment company Live Nation Entertainment (LYV.N), opens new tab.

These filings, required from all sizable investment managers, show what they owned in U.S. stocks at the end of the previous quarter. While they are backward looking, they are still widely followed by other investors as hints on which stocks are in vogue or may be vulnerable.

Reporting by Svea Herbst-Bayliss; Editing by Will Dunham

Our Standards: The Thomson Reuters Trust Principles., opens new tab

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Alibaba Group Holding Ltd. (“Alibaba” or the “Company”) (NYSE: BABA) investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN ALIBABA GROUP HOLDING LTD. (BABA), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. Contact the Law Offices of Howard G. Smith to discuss your lega.

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Baidu, Inc. (“Baidu” or the “Company”) (NASDAQ: BIDU) investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN BAIDU, INC. (BIDU), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmi.

Huhtamäki Oyj (HMKIY) Q4 2025 Earnings Call February 13, 2026 2:30 AM EST

Company Participants

Kristian Tammela - Vice President of Investor Relations
Ralf Wunderlich - President & CEO
Thomas Geust - Chief Financial Officer

Conference Call Participants

Lewis Merrick - BNP Paribas, Research Division
Robin Santavirta - DNB Carnegie, Research Division
Hai Huynh - UBS Investment Bank, Research Division
Cole Hathorn - Jefferies LLC, Research Division
Pasi Väisänen - Nordea Markets, Research Division
Pallav Mittal - Barclays Bank PLC, Research Division

Presentation

Kristian Tammela
Vice President of Investor Relations

Good morning all, and welcome to Huhtamaki's results call for the fourth quarter of 2025. My name is Kristian Tammela, VP of IR. Today, we have a presentation, as usual, first, by our President and CEO, Ralf Wunderlich; and then by our CFO, Thomas Geust. After that, we will take Q&A.

And let's get started handing over to Ralf.

Ralf Wunderlich
President & CEO

Thank you, Kristian. Good to be back, and good morning also from my side. Look, I'm going to give you the high-level overview about the business also by segment. And then Thomas, as always, will walk you through the financials.

Look, the volatile market environment continues. Geopolitical issues, tariffs, very strong ForEx movements over the year was continue, so you name it, we had it during the year and unfortunately, also in the quarter. I am, however, really proud to say that 2 of our segments continued to see volume growth in the quarter and for the full year. That's really encouraging for us to see and hopefully we'll get the rest of the 2 other segments to follow in the future.

Look, I mentioned already the FX impact, which we have seen, just to give you an idea that in the quarter -- last quarter '24 before we started '25, the U.S. dollar to the euro was at EUR 1.04, it

Farmer Brothers (FARM - Free Report) came out with a quarterly loss of $0.22 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -57.14%. A quarter ago, it was expected that this coffee and tea company would post a loss of $0.09 per share when it actually produced a loss of $0.19, delivering a surprise of -111.11%.

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

Farmer Brothers, which belongs to the Zacks Food - Natural Foods Products industry, posted revenues of $88.92 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 1.63%. This compares to year-ago revenues of $90.02 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.

Farmer Brothers shares have added about 9.6% since the beginning of the year versus the S&P 500's decline of 0.2%.

What's Next for Farmer Brothers?While Farmer Brothers 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 Farmer Brothers 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 -$0.16 on $85.5 million in revenues for the coming quarter and -$0.61 on $340.1 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, Food - Natural Foods Products is currently in the bottom 20% 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, Sprouts Farmers (SFM - Free Report) , has yet to report results for the quarter ended December 2025. The results are expected to be released on February 19.

This natural and organic food retailer is expected to post quarterly earnings of $0.89 per share in its upcoming report, which represents a year-over-year change of +12.7%. The consensus EPS estimate for the quarter has been revised 0.8% higher over the last 30 days to the current level.

Sprouts Farmers' revenues are expected to be $2.16 billion, up 8.2% from the year-ago quarter.

February 13, 2026 17:00 ET  | Source: A.I.S. Resources Limited

VANCOUVER, B.C., Feb. 13, 2026 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSXV: AIS, OTC-Pink: AISSF) (“AIS” or the “Company”) is pleased to announce that its board of directors (the “Board”) has approved a shareholder rights plan (the “Rights Plan”). The adoption of the Rights Plan is intended to ensure, to the extent possible, that all shareholders of the Company are treated fairly in connection with any take-over bid for the Company's shares (as defined in the Rights Plan) and to protect against acquisitions of control of the Company through purchases of shares that are exempt from applicable Canadian take-over bid rules, also referred to as "creeping" take-over bids. The Rights Plan is substantially similar to shareholder rights plans adopted by other Canadian issuers, and it was not adopted in response to any specific proposal or intention to acquire control of the Company.

Subject to the terms of the Rights Plan, the rights will become exercisable only when a person (an "Acquiring Person"), together with its affiliates, associates and joint actors, acquires or attempts to acquire beneficial ownership of 20% or more of the outstanding shares without complying with the "permitted bid" provisions of the Rights Plan or without approval of the Board. Should such an acquisition occur or be announced, each right would, upon exercise, entitle the holder thereof, (other than the Acquiring Person and its affiliates, associates and joint actors), to purchase shares at a 50% discount to the market price at the time. The Rights Plan provides that the rights are redeemable by the Company in certain circumstances. Pursuant to the Rights Plan, one right shall be issued at the record time in respect of each share issued and outstanding at the record date, and one right shall be issued in respect of each share issued after the record date.

The Rights Plan is effective immediately but is subject to ratification by shareholders of the Company at the Company’s 2026 annual general and special meeting of shareholders, which will be held on March 10, 2026 and to final approval of the TSX Venture Exchange. If the Rights Plan is not ratified by Company’s shareholders on or prior to August 3, 2026 the Rights Plan will terminate and all rights issued thereunder will be cancelled. A copy of the Rights Plan will be filed under the Company’s profile on SEDAR at www.sedarplus.ca

About A.I.S. Resources Limited

A.I.S. Resources Limited is a publicly traded company listed on the TSX Venture Exchange. The company focuses on natural resource opportunities, aiming to unlock value by acquiring early-stage projects and providing the necessary technical and financial support to develop them. AIS is guided by a seasoned team of engineers, geologists and finance professionals with a proven record of success in capital markets.

On Behalf of the Board of Directors,
A.I.S. Resources Limited
Marc Enright-Morin, CEO

Corporate Contact
For further information, please contact:
Marc Enright-Morin, CEO
T: +1-778-892-5455
E: [email protected]
Website: www.aisresources.com

ADVISORY: This press release contains forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Calgary, Alberta--(Newsfile Corp. - February 13, 2026) - Tuktu Resources Ltd. (TSXV: TUK) ("Tuktu" or the "Company", a junior oil and gas producer based in Calgary, Alberta, announces leadership changes, effective immediately.

Brian Moynihan, chair of the board and CEO of Bank of America, speaks during The Clearing House Annual Conference in New York City, U.S. November 13, 2024. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights, opens new tab

CompaniesFeb 13 (Reuters) - Bank of America (BAC.N), opens new tab said on Friday it had approved $41 million for CEO Brian Moynihan's total compensation for 2025, reflecting a more than 17.1% rise from last year.

Moynihan, 65, is one of the industry's longest-serving leaders. He took the reins in 2010 following a tumultuous succession process, steering the bank's turnaround after the 2008 financial crisis.

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The compensation includes $1.5 million of base salary and the rest in equity incentives, the bank said. Moynihan had received $35 million in total compensation in 2024.

The move follows similar hikes for top bosses at rivals Wells Fargo (WFC.N), opens new tab, Citigroup (C.N), opens new tab, and JPMorgan Chase (JPM.N), opens new tab, as Wall Street giants gear up for what is widely expected to be a bumper year for dealmaking, while also navigating an increasingly complex relationship with Washington.

Reporting by Ateev Bhandari in Bengaluru; Editing by Sriraj Kalluvila

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Fastly advances after record results and stronger guidance highlighted its growing role in supporting AI-related traffic across cloud infrastructure.

Today's Change

(

13.84

%) $

2.22

Current Price

$

18.26

Fastly (FSLY +13.84%), an edge cloud platform for secure, scalable digital content delivery, closed Friday at $18.26, up 13.84%. The stock is advancing as investors react to record Q4 results, a surprise AI cloud partnership, while watching how agentic AI demand sustains revenue and margin momentum. The company’s trading volume reached 55 million shares, about 710% above its three-month average of 6.8 million shares.

How the markets moved todayS&P 500 (SNPINDEX: ^GSPC) finished Friday fractionally higher at 6,836, up 0.05%, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) slipped 0.22% to 22,547. Within internet services & infrastructure, peers Cloudflare (NET +5.77%) closed at $195.85, up 5.87%, and Akamai Technologies (AKAM +6.83%) ended at $111.76, rising 6.83%, as investors lean into AI-related traffic opportunities.

What this means for investorsFastly shares rose sharply on Friday after the company reported record fourth-quarter results and issued stronger-than-expected 2026 guidance, signaling a potential turning point in growth and profitability. Revenue grew 23% year over year to $172.6 million, adjusted EPS reached $0.12, and GAAP losses narrowed. This indicates that operating leverage is beginning to take effect after several years of inconsistent performance.

The company’s 2026 revenue outlook of $700 million to $720 million suggests recent gains is likely to be sustainable. Management’s focus on AI cloud partnerships and agentic AI workloads is shifting market perception of Fastly’s role in digital infrastructure. The company is now increasingly viewed as a beneficiary of AI-driven edge traffic growth rather than a traditional content-delivery turnaround. The sustainability of this re-rating will depend heavily on continued growth in AI-related traffic, which will support ongoing revenue and margin improvement through 2026.

Eric Trie has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cloudflare and Fastly. The Motley Fool recommends Akamai Technologies. The Motley Fool has a disclosure policy.

NORTHVALE, NJ / ACCESS Newswire / February 13, 2026 / ADM Tronics Unlimited, Inc. (OTCQB:ADMT), a technology-based developer and manufacturer of innovative technologies and products, announces results for its third fiscal quarter ended December 31, 2025 of Fiscal Year 2026.

The upward trend in revenues, as reported in the Company's previous quarterly reports, continues for this third fiscal quarter of fiscal year ended March 31, 2026. For the nine months ended December 31, 2025 revenues increased 9% and 7% for the three months ended December 31, 2025, as compared to the same periods last fiscal year. Research and development activity and expense are continuing on the Company's proprietary non-invasive musculoskeletal pain therapy medical device. When engineering development is completed, the Company intends to submit a 510(k) Pre-Market Notification to the FDA for clearance to market.

Revenues for the three months ended December 31, 2025 were $803,088 as compared to $749,510 for the three months ended December 31, 2025, an increase of 8%. Loss from operations for the three months ended December 31, 2025 was $84,441 as compared to loss of $89,269 for the same period last year.

Revenues for the nine months ended December 31, 2025 were $2,664,2611 as compared to $2,447,391 for the nine months ended December 31, 2024, an increase of 9%. Income from operations for the nine months ended December 31, 2025 was $27,346 as compared to income of $29,154 for the same period last year.

Complete financial results are available in the Company's Quarterly Report on Form 10Q for December 31, 2025, available at www.sec.gov.

Financial Highlights

Three Months Ended

Nine Months Ended

December 31,

December 31,

2025

2024

2025

2024

Net Revenues

$

803,088

$

749,510

$

2,664,261

$

2,447,391

Cost of Sales

$

530,592

$

481,331

$

1,534,675

$

1,239,527

Gross Profit

$

272,496

$

268,179

$

1,129,586

$

1,207,864

Total Operating Expenses

$

356,937

$

357,448

$

1,102,240

$

1,178,710

Income (loss) from operations

$

(84,441

)

$

(89,269

)

$

27,346

$

29,154

Total other income (expense)

$

(30,415

)

$

(142,500

)

$

72,260

$

(45,850

)

Income (loss) before provision for income taxes

$

(114,856

)

$

(237,177

)

$

99,606

$

(16,696

)

Total provision (benefit) for income taxes

-

$

500

$

1,500

$

1,500

Net income (loss)

$

(114,856

)

$

(237,677

)

$

98,106

$

(18,196

)

Basic and diluted per common share

$

(0.00

)

$

(0.00

)

$

(0.00

)

$

(0.00

)

Weighted average shares of common stock outstanding - basic and diluted

67,588,492

67,588,492

67,588,492

67,588,492

About ADMT

ADMT is a diversified, technology-based developer and manufacturer of innovative technologies and products. Its core competency is its ability to conceptualize a technology, bring it through development, into manufacturing and commercialization, all in-house. ADMT has three areas of activity: Proprietary Electronic Medical Devices; Design, Engineering, Regulatory and Manufacturing Services; and, Eco-Friendly, Safe, Water-Based Formulations. The Company's headquarters, laboratories, FDA-Registered and ISO-13485 Certified medical device and manufacturing operations are located in Northvale, NJ. ADMT's multi-disciplinary team of engineers, researchers and technologists utilize advanced technology infrastructure, for the research, development and commercialization of diversified technologies. Additional information is available at admtronics.com

Sign up for ADMT Investor News Updates emails by filling in the form at the bottom of the page at this link: https://admtronics.com/investor-relations/

Except for historical information contained herein, the matters set forth in this news release are "forward-looking" statements (as defined in the Private Securities Litigation Reform Act of 1995), including statements regarding future revenue growth and performance. Although ADMT believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, there can be no assurance that its expectations will be realized. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from expectations. Factors that could contribute to such differences include those described from time to time in ADMT's filings with the SEC, news releases and other communications. The Company assumes no obligation to update the information contained in this news release.

Contact Information:

Andre DiMino
+12017676040
[email protected]

SOURCE: ADM Tronics Unlimited Inc.

Thomas Barwick/DigitalVision via Getty Images

When looking at mortgage REITs, we often cover multiple preferred shares and baby bonds from the same company. It’s often useful to compare preferred shares and baby bonds within the same company.

TPG Mortgage Investment Trust’s (MITT) Baby Bonds There is one major factor to consider when comparing MITT’s two baby bonds to each other. (MITN) has more call risk than (MITP).

The REIT Forum

Otherwise, they are very similar with 9.5% coupons.

MITN is slightly less attractive because the call risk today creates the potential for shareholders to suffer a small loss from a call. While the loss would be extremely easy for any investor to bear, it is still mathematically present. Further, it is the most significant difference for investors.

When we put these baby bonds side by side, we can see that MITN will mature slightly earlier. Normally, that would be considered a positive factor. However, because these bonds are trading at a slight premium to call value, even after adjusting for dividend accrual, the ability to be called abruptly is a clear negative.

It may be difficult for an investor to swap between the baby bonds because even a fairly normal bid-ask spread would be enough to completely mitigate the advantage that we see currently. At the time that I am preparing these comments, the difference in the prices is $0.03 and both shares had a yield to maturity of 9.33%.

By the time I added the chart above, both shares were trading at $25.25, and yield to maturity was 9.40% and 9.44%.

Which One Would I Pick? I would consider both of these bonds to be viable choices, but given the call risk, I would clearly prefer MITP.

What about the “Price to Buy” column? This is where things get a little interesting. MITN technically is closer to the target “Buy Under” price. However, since MITN matures sooner, it has a tighter range.

If both shares were $24.93, then MITN would have a slight edge.

Whereas when both shares are $25.25, the slight edge goes to MITP.

This is simply what happens when you have two similar shares, but one becomes callable sooner and matures sooner. The one with the earlier dates will gain attractiveness faster when the price falls and lose it faster when the price rises.

In my opinion, these bonds are neither the best nor the worst options within the sector.

MITT Common Stock Diving into the company, beneath the baby bonds, we have a mortgage REIT that had a reasonable amount of common equity several years ago. However, during the pandemic, they managed to lose the vast majority of their common equity. Eventually, the preferred shares recovered, but there was no realistic path for the common shares to recover from the magnitude of the damage.

In my opinion, the damage encountered by the company was significantly amplified by having their repo agreements with a bank that was being very aggressive about selling off assets that were securing loans.

One of the key questions for investors in the baby bonds, and perhaps the most important question for investors most of the time, is will this company be able to pay off their debts? I believe the answer is yes. While the common shareholders endured an absolutely massive pounding (during the pandemic), the debt holders are in a good position. The baby bonds trade slightly above call value as the market agrees with me that the company should not have a problem paying back their bonds. That does not mean zero risk, but they are not particularly high risk either.

Baby Bond Yields The yield on these baby bonds is not the highest in the sector, but it is higher than some peers. I own a few of the baby bonds from the other mortgage REITs, and this is an area I follow closely. I believe baby bonds can be an excellent tool for many investors. One of the most appealing aspects of baby bonds is that they trade through the exchanges with a normal ticker rather than just going through dealer markets for many bonds. I strongly prefer the transparency of the way baby bonds are traded.

MITT also has some preferred shares outstanding. Investors may want to compare the preferred shares with the baby bonds to see what works better for them. When the yields are comparable, I will usually favor the baby bonds. Of course, for me, the tax difference is not substantial since I like to be able to trade in this sector actively. Consequently, I usually run my baby bonds and preferred shares through tax-advantaged accounts. The tax-advantaged accounts represent a disproportionately large share of my total accounts because I began maxing them out early, and I was aggressively investing in them for many very positive years.

International Investors For international investors, it may be more attractive to receive interest payments instead of dividends, so the baby bonds might become even more attractive relative to preferred shares. For domestic investors, and by that I mean anyone within the United States, it may be more attractive to have the preferred shares because of a difference in the after-tax yields. The preferred shares coming from a REIT may result in a lower tax rate due to rules about pass-through income and the 20% deduction, depending on the investor's tax situation. I am absolutely not going to dive into every possible tax situation. That would be a dreadful article.

Conclusion In my opinion, these baby bonds would be dramatically more attractive if the price slipped by even 2%. That would push the yield-to-call much higher, and it would push the yield-to-maturity materially higher. I am primarily valuing based on yield-to-maturity. However, looking at yield-to-call can add value and is important for situations like this one.

Call risk is the reason I favor MITP over MITN, even though the yield to maturity is the same for both bonds.

MINNEAPOLIS, MINNESOTA / ACCESS Newswire / February 13, 2026 / Air T, Inc. (NASDAQ:AIRT) today announced its intention to raise additional capital through the company's outstanding trust preferred security, the Alpha Income Preferred Securities (NASDAQ:AIRTP), issued by Air T Funding and guaranteed by Air T, Inc. The company plans to access capital periodically and opportunistically through its at-the-market ("ATM") facility, allowing Air T to raise funds efficiently as strategic opportunities arise.

In addition to the ATM program, the Company may also offer the same Alpha Income Preferred Securities through privately negotiated placements with institutional investors when such transactions align with its capital strategy.

Strategic Rationale

Air T is currently evaluating several high-potential initiatives, including the expansion of its Commercial Aircraft Engine and Parts segment and deploying additional capital to support one of its existing investees. Preserving balance sheet flexibility remains a central priority as the company continues to pursue disciplined growth.

"We are excited about the opportunities immediately in front of us and want to ensure we can take decisive action when the timing is right," said Tracy Kennedy, Air T's CFO. "The flexibility afforded by our trust preferred security and our ATM program provides us with an efficient path to raise capital while remaining thoughtful about dilution and cost of capital. These tools position us to move quickly on initiatives we believe will drive meaningful long-term value for shareholders."

Shelf Registration Framework

The company's shelf registration statement operates under the SEC's "baby shelf" provisions, applicable to issuers with a public float below $75 million. Under these rules, eligible issuers may use Form S-3 to conduct primary offerings but are limited in the amount of securities they may sell under the shelf during any 12-month period. This structure allows smaller public companies to move quickly in the capital markets while maintaining guardrails designed to protect investors and ensure appropriate disclosures.

This framework enables Air T to raise capital incrementally, matching capital deployment to strategic timing rather than relying on large, infrequent offerings.

Commitment to Long-Term Growth

Air T remains committed to growing the value of its diversified portfolio of operating companies and investments. By utilizing the flexibility of its trust preferred security, the Company believes it can continue to seize opportunities that align with its long-term objectives while maintaining prudent financial discipline.

About Air T, Inc.

Air T, Inc. (NASDAQ:AIRT) is a diversified holding company that operates through a portfolio of businesses spanning aviation services, commercial aircraft engines and parts, and other strategic investments. The Company is headquartered in Minneapolis, Minnesota. For more information, visit www.airt.net.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those described in the forward-looking statements. Words such as "intends," "plans," "expects," "believes," "anticipates," "evaluating," and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements regarding the Company's plans to raise capital, the anticipated use of proceeds, and the pursuit of strategic opportunities. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, among others, market conditions, the Company's ability to identify and execute on strategic opportunities, general economic conditions, and other risk factors described in the Company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Investor Contact:

Tracy Kennedy, Chief Financial Officer
[email protected]

Katrina Philp, Chief of Staff
[email protected]

SOURCE: Air T, Inc.

Airbnb says its custom-built AI agent is now handling roughly a third of its customer support issues in North America, and it’s preparing to roll out the feature globally. If successful, the company believes that in a year’s time, more than 30% of its total customer support tickets will be handled by AI voice and chat in all the languages where it also employs a human customer service agent.

“We think this is going to be massive because not only does this reduce the cost base of Airbnb customer service, but the quality of service is going to be a huge step change,” CEO Brian Chesky said during the company’s fourth-quarter earnings call this week. This seems to suggest he believes the AI would do a better job than its human counterparts in resolving some issues.

The company also touted its recent hire of CTO Ahmed Al-Dahle, poached from Meta for his AI expertise, and its plans to create an AI-native experience.

With his guidance, Chesky said that Airbnb was poised to introduce an app that doesn’t just search for you, but one that “knows you.”

“It will help guests plan their entire trip, help hosts better run their businesses, and help the company operate more efficiently at scale,” Chesky explained, adding that’s why Airbnb brought Al-Dahle on board.

“Ahmad is one of the world’s leading AI experts. He spent 16 years at Apple, and most recently led the generative AI team at Meta that built the Llama models. He’s an expert at pairing massive technical scale with world-class design, which is exactly how we’re going to transform the Airbnb experience,” Chesky noted.

Like other businesses poised for disruption by AI, Airbnb’s leadership is pushing the idea that it has a unique database and product that other AI chatbots can’t replicate.

“A chatbot doesn’t have our 200 million verified identities or our 500 million proprietary reviews, and it can’t message the hosts, which 90% of our guests do,” Chesky told analysts during the earnings call. Instead, he pitched the idea of layering AI over the Airbnb experience, which he claimed would help to accelerate growth.

The company forecast revenue growth would grow in the “low double digits” this year, after pulling in $2.78 billion in the fourth quarter, above estimates of $2.72 billion. This quarter, it expects revenue of $2.59 billion to $2.63 billion, above Wall Street forecasts of $2.53 billion.

Investors still wanted to know if AI platforms could be a risk in the long-term, assuming they moved into the short-term rentals market. Chesky, however, pushed back at that idea, saying that Airbnb isn’t just the consumer-facing app; it’s also the host app, the customer service, and the protections it offers, like insurance and user verifications.

“We’ve built this over 18 years. We handle more than $100 billion in payments through the platform,” he said.

Meanwhile, AI chatbots serve a function similar to search, in that they deliver top-of-funnel traffic, he noted. That traffic also converts at a higher rate than traffic from Google, Chesky pointed out, suggesting that the shift to AI would benefit Airbnb.

The company is already using AI to power its search, with the feature now enabled for a “very small percentage” of Airbnb’s traffic, while it experiments with making its search more conversational. Later, the company plans to integrate sponsored listings within search.

While Spotify this week told investors its best developers hadn’t written a single line of code since December, thanks to AI, Airbnb offered a more high-level metric on its own internal AI adoption. The company said that 80% of its engineers now use AI tools, and it’s working to get that to 100% soon.

Sarah has worked as a reporter for TechCrunch since August 2011. She joined the company after having previously spent over three years at ReadWriteWeb. Prior to her work as a reporter, Sarah worked in I.T. across a number of industries, including banking, retail and software.

You can contact or verify outreach from Sarah by emailing [email protected] or via encrypted message at sarahperez.01 on Signal.

HomeIndustriesInternet/Online ServicesTech StocksTech StocksAs shares of Amazon deepen into a bear market, investors are once again weighing if the company’s spending plans will pay offPublished: Feb. 13, 2026 at 5:14 p.m. ET

Amazon.com investors are currently enduring a brutal selloff, the likes of which haven’t been seen since the company was still primarily known for selling books and CDs.

Shares of Amazon AMZN officially recorded their ninth consecutive day of losses on Friday, closing at $198.79. The stock is down 18.2% over this period, which marks the longest losing streak for Amazon’s stock since July 2006, according to Dow Jones Market Data.

New York, New York--(Newsfile Corp. - February 13, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds sellers of Endeavor Group Holdings, Inc. (NYSE: EDR) Class A common stock between January 15, 2025 and March 24, 2025, both dates inclusive (the "Class Period"), of the important March 18, 2026 lead plaintiff deadline.

SO WHAT: If you sold Endeavor Class A common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Endeavor class action, go to https://rosenlegal.com/submit-form/?case_id=51048 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 18, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: The lawsuit seeks to recover damages on behalf of investors that were damaged as a result of allegedly false and misleading statements and omissions of material facts in the January 15, 2025 Information Statement (filed with the U.S. Securities and Exchange Commission (the "SEC") pursuant to the securities laws) and subsequent amendment issued by defendants, and related filings with the SEC. Among other things, the complaint alleges the Information Statement and other solicitation materials misled investors regarding the true value of Endeavor's shares, failed to adequately disclose the earnings of Endeavor's executives under the terms of the Merger (a take-private merger), and failed to disclose conflicts of interests with Endeavor's special committee and financial advisor.

To join the Endeavor class action, go to https://rosenlegal.com/submit-form/?case_id=51048 call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283864

Source: The Rosen Law Firm PA

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Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's board of directors has declared a first quarter 2026 dividend of $1.62 per share on the common stock of the Company.  The dividend is payable on March 31, 2026, to stockholders of record at the close of business on March 16, 2026. 

About Extra Space Storage Inc.

Extra Space Storage Inc., headquartered in Salt Lake City, is a fully integrated, self-administered and self-managed real estate investment trust, and a member of the S&P 500.  As of September 30, 2025, the Company owned and/or operated 4,238 self-storage properties, which comprise approximately 2.9 million units and approximately 326.9 million square feet of rentable storage space operating under the Extra Space brand. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. It is the largest operator of self-storage properties in the United States.

For more information, please visit www.extraspace.com.

SOURCE Extra Space Storage Inc.

Also from this source

Hong Kong, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Skyline Builders Group Holding Limited (NASDAQ: SKBL) (the “Company”), a civil engineering services provider in Hong Kong, today announced that on February 13, 2026 (the “Closing Date”) it closed its previously announced concurrent private placements (the “Private Placements”) of its Series B Preferred Shares, par value $0.00001 per share, (the “Preferred Shares”). The Company issued an aggregate of 6,322 Preferred Shares for aggregate gross proceeds of approximately $31.59 million, before deducting placement agent fees and other offering expenses payable by the Company. Approximately $26.59 million of Preferred Shares were issued under a Regulation D offering to “accredited” investors and approximately $5 million of Preferred Shares were issued under a Regulation S offering outside of the United States to non-US investors.

In connection with the Private Placements, the Company issued to Dominari Securities LLC and Ocean Wall Limited (the “Placement Agents”) Class A ordinary share purchase warrants to purchase Class A ordinary shares equal to six percent (6%) of the Class A ordinary shares underlying the Preferred Shares on the closing date (the “Placement Agent Warrants”).

Each Preferred Share is convertible into Class A ordinary shares (the “Conversion Shares”) with a conversion price of $2.40 per share, subject to certain anti-dilution adjustments, but in no event less than $1.50 per share and other customary adjustments for share splits, recapitalizations, reorganizations and similar transactions. Each Placement Agent Warrant is immediately exercisable and entitles the holder to acquire one Class A ordinary share at an exercise price of $2.40 per share.

The Company intends to use the net proceeds of the private placement for general working capital and other general corporate purposes.

The securities issued and sold by the Company in the private placement have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or state securities laws and may not be offered or sold in the United States absent registration under the Securities Act of 1933, as amended (the “Securities Act”) or an applicable exemption from such registration requirements. The Company has agreed to file a registration statement with the Securities and Exchange Commission covering the resale of the Conversion Shares and the Class A ordinary shares underlying the Placement Agent Warrants issued to the placement agents at closing. Any resale of the Company’s shares under such resale registration statement will be made only by means of a prospectus or pursuant to an exemption from the Securities Act.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The securities will not be registered under the Securities Act or any state securities laws when issued at the closing of the private placement, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state laws.

About Skyline Builders Group Holding Limited

Skyline Builders Group Holding Limited (NASDAQ: SKBL) operates as an Approved Public Works Contractor undertaking roads and drainage to its customers in Hong Kong. Its construction activities mainly include public civil engineering works, such as road and drainage works, in Hong Kong. It mostly undertakes civil engineering works in the role of subcontractor, while it is also fully qualified to undertake such works in the capacity of main contractor. The Company’s public sector projects mainly involve infrastructure developments while private sector projects mainly involve residential and commercial developments.

Forward-Looking Statements

This press release contains forward-looking statements that are subject to various risks and uncertainties. These forward-looking statements include statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.

For more information, please contact:

Skyline Builders Group Holding Limited

Investor Relations Department
Email: [email protected]

Our expanded ETF platform now exceeds $200 million in AUM
Successful year-end close of WES II with over $300 million in commitments
Managed Investment Solutions team secured its first institutional client

DALLAS, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. (NYSE: WHG) today reported fourth quarter and fiscal year 2025 earnings. Significant items include:

Investment strategies beating their primary benchmarks in the fourth quarter included Enhanced Balanced, Total Return, Income Opportunity, Multi-Asset Income, Alternative Income, MLP & Energy Infrastructure, Westwood Salient Enhanced Midstream Income ETF and Westwood Salient Enhanced Energy Income ETF.Income Opportunity posted a top quartile ranking vs. peers and Total Return posted a top decile ranking in the quarter.Quarterly revenues totaled $27.1 million versus the third quarter's $24.3 million and $25.6 million a year ago. Income of $1.9 million compared with $3.7 million in the third quarter and $2.1 million in the fourth quarter of 2024.Non-GAAP Economic Earnings of $3.3 million for the quarter compared with $5.7 million in the third quarter and $3.4 million in the fourth quarter of 2024.Westwood held $44.1 million in cash and liquid investments at December 31, 2025, up $4.5 million from September 30, 2025. Westwood's stockholders' equity totaled $125.6 million as of December 31, 2025 and we continue to have no debt.We declared a cash dividend of $0.15 per common share, payable on April 1, 2026 to stockholders of record on March 3, 2026. Brian Casey, Westwood’s CEO, commented, "We strengthened our competitive position throughout last year, expanding our ETF platform with the launch of YLDW, our Enhanced Income Opportunity ETF, and we now have more than $200 million in ETF assets. We closed our second flagship energy secondaries fund and two co-investment funds with over $300 million in capital commitments, well above our initial target, and our Managed Investment Solutions business scored its first institutional client win. These achievements underscore our team’s disciplined execution abilities and our commitment to deliver innovative, high‑quality investment solutions for our clients. As we begin this new year, we are well‑positioned to build on these new initiatives."

Revenues increased from the third quarter due to significant investor interest in our exchange-traded funds ("ETFs") and private energy secondaries funds, along with higher performance fees. Revenues increased from 2024's fourth quarter primarily due to higher average assets under management ("AUM") and higher revenues from our ETFs and private energy secondaries funds, partially offset by lower performance fees.

Firmwide assets under management and advisement totaled $17.4 billion, consisting of $16.5 billion in AUM and assets under advisement ("AUA") of $0.9 billion.

Fourth quarter income of $1.9 million compared to $3.7 million in the third quarter due to higher performance-related incentive compensation in the fourth quarter and unrealized appreciation on strategic private investments in the third quarter, offset by higher revenues. Diluted EPS of $0.21 compared to $0.41 per share for the third quarter. Non-GAAP Economic Earnings were $3.3 million, or $0.36 per share, compared to the third quarter's $5.7 million, or $0.64 per share.

Fourth quarter income of $1.9 million compared to last year's fourth quarter of $2.1 million as a result of higher revenues and the impact in 2024 of changes in the fair value of contingent consideration, offset by higher performance-related incentive compensation expenses and additional professional service costs. Diluted EPS of $0.21 compared with $0.24 per share for 2024's fourth quarter. Non-GAAP Economic Earnings of $3.3 million, or $0.36 per share, compared to $3.4 million, or $0.39 per share, in the fourth quarter of 2024.

2025 income of $7.1 million compared to $2.2 million in 2024 on higher revenues, unrealized appreciation on strategic private investments, and the impact in 2024 of changes in the fair value of contingent consideration, offset by higher professional service and information technology costs. Diluted EPS was $0.79 per share compared with $0.26 per share for 2024. Economic EPS of $1.61 compared with $0.82 in 2024.

Economic Earnings and Economic EPS are non-GAAP performance measures that are explained and reconciled with the most comparable GAAP numbers in the attached tables.

Westwood will host a conference call to discuss fourth quarter and fiscal year 2025 results and other business matters at 4:30 p.m. Eastern time today. To join the conference call, please register here:

https://register-conf.media-server.com/register/BI07b829e2b37f4ae6966af1ad4c72fd74

After registering, you will be provided with a dial-in number containing a personalized PIN.

To view the webcast, please register here:

https://edge.media-server.com/mmc/p/qe4gtv6e

Once registered, an email will be sent with important details for this conference call, as well as a unique Registrant ID.

ABOUT WESTWOOD HOLDINGS GROUP

Westwood Holdings Group (NYSE: WHG) is a boutique asset management firm that offers a diverse array of actively-managed and outcome-oriented investment strategies, along with white-glove trust and wealth services, to institutional, intermediary and private wealth clients. For over 40 years, Westwood’s client-first approach has fostered strong, long-term client relationships due to our unwavering commitment to delivering bespoke investment strategies with a vehicle-optimized approach, exceptional counsel and unparalleled client service. Our flexible and agile approach to investing allows us to adapt to constantly changing markets, while continually seeking innovative strategies that meet our investors’ short and long-term needs.

Our team at Westwood comes from varied backgrounds and life experiences, which reflects our origins as a woman-founded firm. We are committed to incorporating diverse insights and knowledge into all aspects of our services and solutions. Our culture and approach to our business reflect our core values - integrity, reliability, responsiveness, adaptability, teamwork and driving results - and underpin our constant pursuit of excellence.

For more information on Westwood, please visit westwoodgroup.com.

Forward-looking Statements

Statements in this press release that are not purely historical facts, including, without limitation, statements about our expected future financial position, results of operations or cash flows, as well as other statements including without limitation, words such as “anticipate,” “believe,” “expect,” “could,” and other similar expressions, constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results and the timing of some events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including, without limitation: the composition and market value of our AUM and AUA; our ability to maintain our fee structure in light of competitive fee pressures; risks associated with actions of activist stockholders; distributions to our common stockholders have included and may in the future include a return of capital; inclusion of foreign company investments in our AUM; regulations adversely affecting the financial services industry; our ability to maintain effective cyber security; litigation risks; our ability to develop and market new investment strategies successfully; our reputation and our relationships with current and potential customers; our ability to attract and retain qualified personnel; our ability to perform operational tasks; our ability to select and oversee third-party vendors; our dependence on the operations and funds of our subsidiaries; our ability to maintain effective information systems; our ability to prevent misuse of assets and information in the possession of our employees and third-party vendors, which could damage our reputation and result in costly litigation and liability for our clients and us; our stock is thinly traded and may be subject to volatility; competition in the investment management industry; our ability to avoid termination of client agreements and the related investment redemptions; the significant concentration of our revenues in a small number of customers; we have made and may continue to make business combinations as a part of our business strategy, which may present certain risks and uncertainties; our relationships with investment consulting firms; our ability to identify and execute on our strategic initiatives; our ability to declare and pay dividends; our ability to fund future capital requirements on favorable terms; our ability to properly address conflicts of interest; our ability to maintain adequate insurance coverage; our ability to maintain an effective system of internal controls; and the other risks detailed from time to time in Westwood’s SEC filings, including, but not limited to, its annual report on Form 10-K for the year ended December 31, 2024 and its quarterly report on Form 10-Q for the quarters ended March 31, 2025, June 30, 2025 and September 30, 2025. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as required by law, Westwood is not obligated to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.

SOURCE: Westwood Holdings Group, Inc.

(WHG-G)

CONTACT:

Westwood Holdings Group, Inc.

Terry Forbes

Chief Financial Officer and Treasurer

(214) 756-6900

WESTWOOD HOLDINGS GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share and share amounts)
(unaudited)
 Three Months Ended December 31, 2025 September 30, 2025 December 31, 2024REVENUES:     Advisory fees:     Asset-based$20,149  $18,887  $18,025Performance-based 874   —   1,393Trust fees 5,646   5,416   5,635Trust performance-based 260   —   482Other, net 172   (14)  47Total revenues 27,101   24,289   25,582EXPENSES:     Employee compensation and benefits 15,427   13,286   14,090Sales and marketing 694   633   641Westwood funds 1,303   1,101   880Information technology 2,630   2,893   2,450Professional services 2,225   1,593   717General and administrative 2,658   2,774   3,044Loss from change in fair value of contingent consideration —   —   1,199Total expenses 24,937   22,280   23,021Net operating income 2,164   2,009   2,561Net change in unrealized appreciation (depreciation) on private investments —   1,932   —Net investment income 470   459   593Other income 291   292   219Income before income taxes 2,925   4,692   3,373Provision for income taxes 1,085   963   1,274Net income$1,840  $3,729  $2,099Less: income (loss) attributable to noncontrolling interest (23)  30   43Income attributable to Westwood Holdings Group, Inc.$1,863  $3,699  $2,056Earnings per share:     Basic$0.22  $0.44  $0.25Diluted$0.21  $0.41  $0.24Weighted average shares outstanding:     Basic 8,418,874   8,418,174   8,271,614Diluted 9,003,337   8,941,347   8,756,976Economic Earnings$3,276  $5,714  $3,377Economic EPS$0.36  $0.64  $0.39Dividends declared per share$0.15  $0.15  $0.15 WESTWOOD HOLDINGS GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share and share amounts)
(unaudited)
 Year Ended December 31, 2025
 2024
REVENUES:   Advisory fees:   Asset-based$74,722 $69,755 Performance-based 874  1,393 Trust fees 21,560  21,422 Trust performance-based 260  482 Other, net 346  1,669 Total revenues 97,762  94,721 EXPENSES:   Employee compensation and benefits 56,686  56,011 Sales and marketing 2,744  2,668 Westwood funds 4,258  3,254 Information technology 10,894  9,662 Professional services 6,917  5,468 General and administrative 11,290  11,947 Loss from change in fair value of contingent consideration —  4,881 Total expenses 92,789  93,891 Net operating income 4,973  830 Net change in unrealized appreciation (depreciation) on private investments 1,932  — Net investment income 1,655  2,183 Other income 1,117  1,002 Income before income taxes 9,677  4,015 Income tax provision 2,600  1,804 Net income$7,077 $2,211 Less: income (loss) attributable to noncontrolling interest 19  (4)Income attributable to Westwood Holdings Group, Inc.$7,058 $2,215 Earnings per share:   Basic$0.84 $0.27 Diluted$0.79 $0.26 Weighted average shares outstanding:   Basic 8,374,352  8,163,465 Diluted 8,885,580  8,515,779 Economic Earnings$14,296 $6,965 Economic EPS$1.61 $0.82 Dividends declared per share$0.60 $0.60  WESTWOOD HOLDINGS GROUP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except par value and share amounts)
(unaudited)
 December 31, 2025 December 31, 2024ASSETS   Cash and cash equivalents$26,249  $18,847 Accounts receivable 16,751   14,453 Investments at fair value (amortized cost of $19,923 and $26,788) 21,433   27,694 Investments under measurement alternative 15,697   10,747 Equity method investments 4,303   4,250 Income taxes receivable —   295 Other assets 8,453   6,780 Goodwill 39,501   39,501 Deferred income taxes 2,452   2,244 Operating lease right-of-use assets 9,676   2,559 Intangible assets, net 18,199   21,668 Property and equipment, net of accumulated depreciation of $8,952 and $8,424 536   951 Total assets$163,250  $149,989 LIABILITIES AND STOCKHOLDERS’ EQUITY   Liabilities:   Accounts payable and accrued liabilities$7,584  $6,413 Dividends payable 2,701   2,466 Compensation and benefits payable 13,626   10,924 Operating lease liabilities 10,171   3,197 Income taxes payable 1,493   — Contingent consideration —   4,657 Total liabilities 35,575   27,657 Stockholders’ Equity:   Common stock, $0.01 par value, authorized 25,000,000 shares, issued 12,337,758 and 12,137,080, respectively and outstanding 9,394,066 and 9,234,575, respectively 124   122 Additional paid-in capital 206,120   202,239 Treasury stock, at cost – 2,983,692 and 2,902,505 shares, respectively (89,612)  (88,277)Retained earnings 8,983   6,207 Total Westwood Holdings Group, Inc. stockholders' equity 125,615   120,291 Noncontrolling interest in consolidated subsidiary 2,060   2,041 Total equity 127,675   122,332 Total liabilities and stockholders’ equity$163,250  $149,989  WESTWOOD HOLDINGS GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(unaudited)
 Year ended December 31,  2025   2024 Cash flows from operating activities:   Net income$7,077  $2,211 Adjustments to reconcile net income to net cash provided by operating activities:   Depreciation 501   602 Amortization of intangible assets 3,945   4,148 Net change in unrealized (appreciation) depreciation on investments (1,999)  (790)Stock-based compensation expense 5,148   5,537 Deferred income taxes (208)  (1,518)Non-cash lease expense 1,015   1,115 Fair value change of contingent consideration —   4,881 Changes in operating assets and liabilities:   Accounts receivable (2,298)  (59)Other assets (1,673)  (1,227)Accounts payable and accrued liabilities 1,171   283 Compensation and benefits payable 2,702   1,385 Income taxes receivable and payable 1,788   (90)Other liabilities (1,148)  (1,402)Net sales of trading securities 6,390   6,046 Contingent consideration (4,442)  — Net cash provided by operating activities 17,969   21,122 Cash flows from investing activities:   Purchases of investments (3,131)  (3,500)Purchases of property and equipment (86)  (109)Additions to internally developed software (449)  (1,004)Net cash used in investing activities (3,666)  (4,613)Cash flows from financing activities:   Purchases of treasury stock —   (1,348)Restricted stock returned for payment of taxes (1,335)  (939)Payment of contingent consideration in acquisition (201)  (10,357)Cash dividends (5,365)  (5,440)Net cash used in financing activities (6,901)  (18,084)Net change in cash and cash equivalents 7,402   (1,575)Cash and cash equivalents, beginning of period 18,847   20,422 Cash and cash equivalents, end of period$26,249  $18,847 Supplemental cash flow information:   Cash paid during the period for income taxes$1,019  $3,431 Right-of-use assets obtained in exchange for operating lease liabilities$8,133  $— Accrued dividends$2,701  $2,466 
WESTWOOD HOLDINGS GROUP, INC.
Reconciliation of Income Attributable to Westwood Holdings Group, Inc. to Economic Earnings
(in thousands, except per share and share amounts)
(unaudited)

As supplemental information, we are providing non-GAAP performance measures that we refer to as Economic earnings and Economic earnings per share. We provide these measures in addition to, not as a substitute for, income attributable to Westwood Holdings Group, Inc. and earnings per share, which are reported on a GAAP basis. Our management and Board of Directors review Economic earnings and Economic earnings per share to evaluate our ongoing performance, allocate resources, and review our dividend policy. We believe that these non-GAAP performance measures, while not substitutes for GAAP income attributable to Westwood Holdings Group, Inc. or earnings per share, are useful for management and investors when evaluating our underlying operating and financial performance and our available resources. We do not advocate that investors consider these non-GAAP measures without also considering financial information prepared in accordance with GAAP.

We define Economic earnings as income attributable to Westwood Holdings Group, Inc. plus non-cash equity-based compensation expense, amortization of intangible assets and deferred taxes related to goodwill. Although depreciation on fixed assets is a non-cash expense, we do not add it back when calculating Economic earnings because depreciation charges represent an allocation of the decline in the value of the related assets that will ultimately require replacement. Although gains and losses from changes in the fair value of contingent consideration are non-cash, we do not add or subtract those back when calculating Economic earnings because gains and losses on changes in the fair value of contingent consideration are considered regular following an acquisition. In addition, we do not adjust Economic earnings for tax deductions related to restricted stock expense or amortization of intangible assets. Economic earnings per share represents Economic earnings divided by diluted weighted average shares outstanding.

 Three Months Ended December 31,
2025 September 30,
2025 December 31,
2024Income attributable to Westwood Holdings Group, Inc.$1,863  $3,699  $2,056 Stock-based compensation expense 1,223   1,303   1,216 Intangible amortization 802   1,061   1,063 Tax benefit from goodwill amortization 136   136   (97)Tax impact of adjustments to GAAP income (748)  (485)  (861)Economic Earnings$3,276  $5,714  $3,377 Earnings per share$0.21  $0.41  $0.23 Stock-based compensation expense 0.14   0.15   0.14 Intangible amortization 0.07   0.11   0.13 Tax benefit from goodwill amortization 0.02   0.02   (0.01)Tax impact of adjustments to GAAP income (0.08)  (0.05)  (0.10)Economic EPS$0.36  $0.64  $0.39 Diluted weighted average shares 9,003,337   8,941,347   8,756,976   Year Ended December 31,  2025   2024 Income attributable to Westwood Holdings Group, Inc.$7,058  $2,215 Stock-based compensation expense 5,148   5,537 Intangible amortization 3,945   4,148 Tax benefit from goodwill amortization 533   340 Tax impact of adjustments to GAAP income (2,388)  (5,275)Economic Earnings$14,296  $6,965 Earnings per share$0.79  $0.26 Stock-based compensation expense 0.58   0.65 Intangible amortization 0.45   0.49 Tax benefit from goodwill amortization 0.06   0.04 Tax impact of adjustments to GAAP income (0.27)  (0.62)Economic EPS$1.61  $0.82 Diluted weighted average shares 8,885,580   8,515,779 

Moderna (MRNA) experienced a wild start to 2026, with shares nearly doubling before pulling back 20% from the recent 52-week high. Rick Ducat dives into technical trends to watch and the various support and resistance levels in the stock chart.

CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--Cencora, Inc. (NYSE: COR) today announced the closing of its public offering of $500 million aggregate principal amount of its 3.950% Senior Notes due February 13, 2029 (the “2029 Notes”), $500 million aggregate principal amount of its 4.250% Senior Notes due November 15, 2030 (the “2030 Notes”), $500 million aggregate principal amount of its 4.600% Senior Notes due February 13, 2033 (the “2033 Notes”), $1.0 billion aggregate principal amount of its 4.900% Se.

NEW YORK, Feb. 13, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Phoenix Education Partners, Inc. (NYSE: PXED) resulting from allegations that Phoenix Education may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Phoenix Education securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=50770 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

WHAT IS THIS ABOUT: On January 3, 2026, Fox News published an article entitled “University of Phoenix data breach hits 3.5M people.” The story stated that the “University of Phoenix has confirmed a major data breach affecting nearly 3.5 million people. The incident traces back to August when attackers accessed the university’s network and quietly stole sensitive information.”

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        www.rosenlegal.com

February 13, 2026 16:15 ET  | Source: Inception Growth Acquisition Limited

New York, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Inception Growth Acquisition Limited (NASDAQ: IGTA, the “Company”), a publicly traded special purpose acquisition company, announced today that on February 12, 2026, the Company deposited $12,203.33 into the Company’s trust account (the “Trust Account”)  in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from February 13, 2026 to March 13, 2026. The purpose of the extension is to provide additional time for the Company to complete a business combination.

About Inception Growth Acquisition Limited

Inception Growth Acquisition Limited is a blank check company incorporated under the laws of Delaware whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. 

Forward Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company’s initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Contact

Inception Growth Acquisition Limited
Investor Relationship Department
(315) 636-6638

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JERSEY CITY, N.J.--(BUSINESS WIRE)--Copper Property CTL Pass Through Trust (“the Trust”) today posted the estimated Federal income tax information of the Trust’s 2025 earnings to its website. Final information is anticipated to be posted no later than March 31, 2026. The information can be downloaded here.

Nothing contained herein or therein should be construed as tax advice. Consult your tax advisor for more information. Furthermore, you may not rely upon any information herein or therein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code. Certificateholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Trust’s distributions.

Additional information can be obtained on the Trust’s website.

About Copper Property CTL Pass Through Trust

Copper Property CTL Pass Through Trust (the “Trust”) was established to acquire 160 retail properties and 6 warehouse distribution centers (the “Properties”) from J.C. Penney as part of its Chapter 11 plan of reorganization. The Trust’s operations consist solely of owning, leasing and selling the Properties. The Trust’s objective is to sell the Properties to third-party purchasers as promptly as practicable. The Trustee of the trust is GLAS Trust Company LLC. The Trust is externally managed by an affiliate of Hilco Real Estate LLC. The Trust is intended to be treated, for tax purposes, as a liquidating trust within the meaning of United States Treasury Regulation Section 301.7701-4(d). For more information, please visit https://www.ctltrust.net/.

Forward Looking Statement

This news release contains certain “forward-looking statements”. All statements other than statements of historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “our vision,” “plan,” “potential,” “preliminary,” “predict,” “should,” “will,” or “would” or the negative thereof or other variations thereof or comparable terminology and include, but are not limited to, the Trust’s expectations or beliefs concerning future events and stock price performance. The Trust has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Trust believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. These factors, including those discussed in the Trust’s Registration Statement on Form 10 filed with the Securities and Exchange Commission (the “SEC”), may cause its actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. For a further list and description of such risks and uncertainties, please refer to the Trust’s filings with the SEC that are available at www.sec.gov. The Trust cautions you that the list of important factors included in the Trust’s SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this news release may not in fact occur. The Trust undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

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