Track market-moving stories before they get noisy

Phoenix, July 23, 2026 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) will release earnings for the first quarter ended June 27, 2026 on Thursday, July 30, 2026 after the close of market. Senior management will discuss the results in a live webcast the following day, Friday, July 31, 2026 at 1:00 p.m. Eastern Time.

Date: July 31, 2026

Listen via Telephone: To participate in the call, please register here to receive the dial-in number and your unique PIN.

If you are unable to participate during the live webcast, the call will be available for 90 days on https://investor.cavco.com/.

Cavco Industries, Inc., headquartered in Phoenix, Arizona, designs and produces factory-built housing products primarily distributed through a network of independent and Company-owned retailers. We are one of the largest producers of manufactured and modular homes in the United States, based on reported wholesale shipments. We are also a leading producer of park model RVs, vacation cabins and factory-built commercial structures. Cavco's finance subsidiary, CountryPlace Mortgage, is an approved Fannie Mae and Freddie Mac seller/servicer and a Ginnie Mae mortgage-backed securities issuer that offers conforming mortgages, non-conforming mortgages and home-only loans to purchasers of factory-built homes. Our insurance subsidiary, Standard Casualty, provides property and casualty insurance to owners of manufactured homes.

NEW YORK, July 23, 2026 (GLOBE NEWSWIRE) --

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

SO WHAT: If you purchased Ensign 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/cases/the-ensign-group-inc/join 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 June 8, 2026, Investing.com published an article entitled "Ensign Group stock tumbles after short seller report." The article stated that Ensign shares fell after "short seller Hunterbrook released a report alleging the nursing home operator’s business model relies on inadequate patient care and gaming quality metrics." Further, the article stated that Hunterbrook "published findings from a five-month investigation claiming the company’s profits depend on understaffing facilities while routing taxpayer dollars to executives and affiliates. The report alleges patients have suffered and died as a result."

On this news, Ensign Group shares fell 8.15% on June 8, 2026.

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 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 billions 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

, /PRNewswire/ -- First Horizon Corporation (NYSE: FHN) today announced Scott Serpico has been appointed Senior Vice President, Head of Product. In this new Memphis-based role, Serpico will lead the strategy and vision for First Horizon Bank's multi-product portfolio that includes credit cards, deposits, lending and emerging payments.

Scott Serpico - Senior Vice President, Head of Product for First Horizon "As we continue strengthening our client-first strategy, we're thrilled to welcome Scott to our growing team," said Erin Pryor, Senior Executive Vice President, Chief Marketing and Experience Officer for First Horizon. "He brings category-leading financial services expertise combined with disciplined execution—a unique set of skills and talents that will elevate how our clients discover, choose and use our offerings to improve their lives. We're excited for the impact Scott will deliver."

Serpico most recently served as the executive leader for Consumer Lending at USAA, where he directed strategy and growth plans, product management, product forecasting, pricing and portfolio optimization. His career also includes leadership roles at Ally Financial, Chase, SunTrust, Wells Fargo and MBNA.

About First Horizon
First Horizon Corp. (NYSE: FHN), with $84.4 billion in assets as of June 30, 2026, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states concentrated in the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.

SOURCE First Horizon Corporation

Thursday, 23 July 2026 04:25 PM

Topic: 

Earnings POUGHKEEPSIE, NY / ACCESS Newswire / July 23, 2026 / Rhinebeck Bancorp, Inc. (the "Company") (NASDAQ:RBKB), the holding company of Rhinebeck Bank (the "Bank"), reported net income for the three months ended June 30, 2026 of $2.6 million ($0.24 per basic and diluted share), which was $110,000, or 4.0%, lower than the comparable prior year period of $2.7 million ($0.25 per basic and diluted share). Net income for the six months ended June 30, 2026 of $4.8 million ($0.45 per basic and $0.44 per diluted share) was $182,000, or 3.6%, lower than the same period last year.

On July 21, 2026, Rhinebeck Bancorp, MHC, the former mutual holding company parent of the Company, completed its second-step conversion, after which Rhinebeck Bancorp, MHC ceased to exist. In connection with the second-step conversion, the Company conducted a public stock offering in which it sold 8,880,210 shares of its common stock at a price of $10.00 per share for total gross proceeds of $88.8 million. As part of the transaction, each outstanding share of Rhinebeck Bancorp, Inc., common stock owned by the public stockholders as of the closing date was converted into new shares of Rhinebeck Bancorp common stock based on an exchange ratio of 1.3978 shares of Rhinebeck Bancorp common stock. Cash in lieu of fractional shares will be paid at a rate of $10.00 per share. As a result of the offering and the exchange of shares, Rhinebeck Bancorp, Inc. will have 15,638,237 shares outstanding after giving effect to the transaction, subject to adjustment for fractional shares. Earnings per share and other share information disclosed throughout this release do not reflect the effect of the Company's conversion and related stock offering.

Financial highlights:

Second-quarter net income of $2.6 million, or $0.24 per diluted share

Net interest income increased 1.2% year-over-year

Non-interest income increased 8.8% year-over-year

Past-due loans decreased 34.6% from year-end

Deposits increased $29.6 million, or 2.7%, from December 31, 2025, excluding stock subscription funds

Second-step conversion completed July 21, generating $88.8 million in gross proceeds

The decrease in net income for the quarter ended June 30, 2026 as compared to the quarter ended June 30, 2025 was primarily due to an increase in non-interest expense, offset by an increase in net interest income and non-interest income. The Company's return on average assets and return on average equity were 0.79% and 7.56% for the second quarter of 2026, respectively, as compared to 0.88% and 8.57% for the second quarter of 2025, respectively. The decrease in net income for the six months ended June 30, 2026 when compared to the six months ended June 30, 2025 was primarily due to an increase in non-interest expense and a decrease in non-interest income, partially offset by an increase in net interest income and a decrease in the provision for credit losses. The Company's return on average assets and return on average equity were 0.75% and 7.03% for the first six months of 2026, respectively, as compared to 0.80% and 8.04% for the first six months of 2025, respectively.

President and Chief Executive Officer Matthew Smith said, "During the second quarter, we continued to make progress in repositioning the franchise for sustainable growth and profitability. Our results reflected increased net interest and non-interest income, continued discipline in managing funding costs, and meaningful improvement in past-due loans. We are also investing in talent, technology, and capabilities that will broaden our growth opportunities and strengthen the organization over time. The successful completion of our second-step conversion following quarter-end represents an important milestone for Rhinebeck Bancorp, Inc. and significantly strengthens our capital position. We remain focused on deploying that capital prudently as we expand our commercial banking capabilities, advance our retail and digital deposit initiatives, and invest in the infrastructure necessary to support responsible, sustainable growth."

Income Statement Analysis

Net interest income increased $140,000, or 1.2%, to $11.6 million for the three months ended June 30, 2026, from $11.5 million for the three months ended June 30, 2025. The increase was primarily due to higher interest-earning asset balances and lower costs on interest-bearing liabilities, partially offset by lower yields on interest-earning assets and higher interest-bearing liability balances. The net interest margin decreased by 19 basis points to 3.78% and the interest rate spread decreased 13 basis points from 3.33% for the three months ended June 30, 2025 to 3.20% for the three months ended June 30, 2026. For the three months ended June 30, 2026, when compared to the three months ended June 30, 2025, the average balance of interest-earning assets increased by $73.5 million, or 6.3%, to $1.24 billion due to a $92.5 million increase in the average balance of cash and cash equivalents and a $19.7 million increase in the average balance of available for sale securities, offset by a $37.5 million decrease in the average balance of loans, while the average yield decreased by 26 basis points to 5.52% due to the lower interest rate environment and a higher composition of lower-yielding assets. The average balance of interest-bearing liabilities increased by $68.4 million, or 8.0%, primarily due to a $73.5 million increase in the average balance of deposits, partially offset by a $28.5 million decrease in the average balance of FHLB advances. The cost of interest-bearing liabilities decreased by 13 basis points to 2.32% due to the lower interest rate environment and the maturation of higher-yielding FHLB advances.

Year-to-date net interest income increased $297,000, or 1.3%, to $22.8 million from $22.5 million for the prior year six-month period, primarily due to higher interest-earning assets and lower costs on interest bearing liabilities, offset by a decreased yield on interest-earning assets and an increase in the balance of interest-bearing liabilities. The net interest margin decreased by 11 basis points to 3.77% for the six months ended June 30, 2026 from 3.88% for the six months ended June 30, 2025. The interest rate spread decreased by five basis points, from 3.23% for the six months ended June 30, 2025, to 3.18% for the same period in 2026. For the six months ended June 30, 2026, the average balance of interest-earning assets increased by $48.2 million, or 4.1%, to $1.22 billion while the average yield decreased by 19 basis points to 5.56%, when compared to the six months ended June 30, 2025. The average balance of interest-bearing liabilities increased by $43.1 million, or 5.0%, primarily due to an increase in the average balance of deposits, partially offset by a decrease in the average balance of FHLB advances, while the cost of interest-bearing liabilities decreased by 14 basis points to 2.38% due to the lower interest rate environment.

The provision for credit losses increased by $90,000, or 89.1%, from a $101,000 credit for the quarter ended June 30, 2025 to an $11,000 credit for the current quarter. Net charge-offs increased $12,000, from $91,000 for the second quarter of 2025 to $103,000 for the second quarter of 2026. The increase was primarily due to increased net charge-offs of $47,000 in indirect automobile loans, substantially offset by decreased net charge-offs of $36,000 in consumer loans.

Year-to-date, the provision for credit losses decreased by $192,000, or 76.2%, from $252,000 for the six months ended June 30, 2025 to $60,000 for the six months ended June 30, 2026. The decrease in the provision was primarily due to lower loan balances, particularly indirect automobile loans. Net charge-offs increased $49,000, or 8.2% to $650,000 for the first six months of 2026 as compared to $601,000 for the first six months of 2025. The increase was primarily due to increased net charge-offs in indirect automobile loans of $223,000, substantially offset by a decrease of $182,000 in net charge-offs of commercial loans. The percentage of overdue account balances to total loans decreased to 1.03% as of June 30, 2026 from 1.52% as of December 31, 2025, while non-performing assets decreased $312,000, or 8.4%, to $3.4 million at June 30, 2026.

Non-interest income totaled $1.7 million for the three months ended June 30, 2026, an increase of $141,000, or 8.8%, from the comparable period in 2025, due primarily to an increase of $155,000, or 57.6%, in investment advisory fee income offset by a $69,000 decrease in net gain on sale of loans as we discontinued originating residential mortgage loans directly.

Non-interest income totaled $3.2 million for the six months ended June 30, 2026, a decrease of $144,000, or 4.3%, from the comparable period in 2025, driven primarily by a decrease of $207,000, or 27.3%, in other non-interest income and a $107,000 decrease in net gain on sales of loans. These decreases were partially offset by an increase in investment advisory income of $122,000.

For the three months ended June 30, 2026, non-interest expense totaled $10.0 million, an increase of $301,000, or 3.1%, compared to the same period in 2025. This increase was primarily driven by higher salaries and employee benefits of $296,000, higher professional fees of $144,000, and a rise in data processing costs of $71,000. These increases were partially offset by decreases in other non-interest expenses of $85,000, marketing expenses of $85,000, and FDIC deposit insurance and other insurance of $42,000.

For the six months ended June 30, 2026, non-interest expense totaled $19.7 million, an increase of $531,000, or 2.8%, compared to $19.2 million for the same period in 2025. The variance was primarily driven by a $695,000, or 6.7%, increase in salaries and employee benefits, reflecting increased compensation and medical insurance costs, and higher occupancy and data processing expenses, which rose $164,000 and $155,000, respectively. These operational increases were partially offset by a $260,000 decrease in other expenses, a $140,000 decrease in marketing expenses, and a $120,000 decrease in FDIC deposit insurance costs.

Balance Sheet Analysis

Total assets increased by $168.3 million, or 12.9%, to $1.47 billion at June 30, 2026, compared to $1.30 billion at December 31, 2025. The increase was primarily attributable to a $202.6 million, or 198.6%, increase in cash and cash equivalents reflecting $156.0 million in stock subscriptions awaiting the closing of the stock offering. Available-for-sale securities increased by $9.2 million, or 5.7%, primarily due to $22.4 million in purchases, partially offset by $12.7 million in paydowns, calls, and maturities and a $740,000 increase in unrealized losses. The increase in total assets was partially offset by a decrease in loans receivable of $34.9 million, reflecting a $25.7 million reduction in indirect automobile loans in line with a strategic decision to reduce their concentration in the portfolio and an $11.6 million reduction in commercial real estate loans and a $4.4 million reduction in commercial and industrial loans, partially offset by an increase of $6.7 million in residential real estate loans. Other assets decreased by $7.2 million, largely due to a decrease in the fair value of the Company's interest rate swaps.

Past due loans decreased $5.0 million, or 34.6%, between December 31, 2025 and June 30, 2026, to $9.5 million, or 1.03% of total loans, from $14.5 million, or 1.52% of total loans at year-end 2025. The decrease was most notable in indirect automobile loans, reflecting the positive impact of more conservative underwriting standards as well as a decrease in these loan balances. The allowance for credit losses was 0.83% of total loans and 227.06% of non-performing loans at June 30, 2026 as compared to 0.87% of total loans and 225.76% of non-performing loans at December 31, 2025. Non-performing assets totaled $3.4 million at June 30, 2026, a decrease of $312,000 from $3.7 million at December 31, 2025.

Total liabilities increased by $165.5 million, or 14.2%, to $1.33 billion at June 30, 2026, primarily driven by a $185.6 million, or 16.9%, increase in deposits which included $156.0 million in stock subscriptions, and a $3.8 million increase in mortgagors' escrow accounts. The increases were slightly offset by a reduction in borrowings of $20.0 million, or 79.5%. The growth in deposits was attributable to a $170.1 million, or 19.6%, increase in interest-bearing deposits, which included $156.0 million in stock subscription deposits, while non-interest-bearing deposits increased by $15.5 million, or 6.8%. Uninsured deposits were approximately 36.7% and 27.9% of the Bank's total deposits as of June 30, 2026 and December 31, 2025, respectively. Excluding the $156.0 million of funds collected and held on deposit in a segregated account in connection with the Company's stock offering in the second quarter of 2026, the Company's uninsured deposits to total deposits totaled 28.0% at June 30, 2026.

Stockholders' equity increased $2.8 million, or 2.0%, to $139.6 million at June 30, 2026. The increase was primarily due to $4.8 million in net income partially offset by a $1.8 million repurchase of common stock and a $733,000 increase in the net unrealized loss on available-for-sale securities. The Company's ratio of average equity to average assets was 10.59% for the six months ended June 30, 2026 and 10.09% for the year ended December 31, 2025.

About Rhinebeck Bancorp

Rhinebeck Bancorp, Inc. is a Maryland corporation organized as the holding company of Rhinebeck Bank. The Bank is a New York chartered stock savings bank, which provides a full range of banking and financial services to consumer and commercial customers through its twelve branches and three representative offices located in Dutchess, Ulster, Orange, and Albany counties in New York State. Financial services including comprehensive brokerage, investment advisory services, financial product sales and employee benefits are offered through Rhinebeck Asset Management, a division of the Bank.

Forward Looking Statements

This press release contains certain forward-looking statements about the Company and the Bank. Forward-looking statements include statements regarding anticipated future events or results and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believe", "expect", "anticipate", "estimate", "intend", "predict", "forecast", "improve", "continue", "will", "would", "should", "could", or "may". Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include increased competitive pressures, inflation, changes in the interest rate environment, fluctuations in real estate values, general economic conditions or conditions within the securities markets, potential recessionary conditions, the imposition of tariffs or other domestic or international governmental policies and trade restrictions and retaliatory measures impacting our borrowers and the broader economy, the impact of any federal government shutdown, debt ceiling impasses or fiscal uncertainty, changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio, our ability to access cost-effective funding, changes in asset quality, loan sale volumes, charge-offs and credit loss provisions, changes in economic assumptions that may impact our allowance for credit losses calculation, changes in demand for our products and services, legislative, accounting, tax and regulatory changes, including changes in the monetary and fiscal policies of the Board of Governors of the Federal Reserve System, the ability to attract, develop and retain qualified personnel in a competitive labor market, political developments, uncertainties or instability, catastrophic events, acts of war or terrorism, natural disasters, such as earthquakes, drought, pandemics, extreme weather events, or risks associated with cybersecurity threats, data breaches, ransomware attacks, or other failures in our operational or security systems and infrastructure, including the risks arising from our dependence on third-party service providers and vendors.

Accordingly, you should not place undue reliance on forward-looking statements. Rhinebeck Bancorp, Inc. undertakes no obligation to revise these forward-looking statements or to reflect events or circumstances after the date of this press release.

Contact:

Matthew Smith
President & CEO
(845) 454-8555
[email protected]

The Company's summary consolidated statements of income and financial condition and other selected financial data follow:

Rhinebeck Bancorp, Inc. and Subsidiary
Consolidated Statements of Income (Unaudited)
(In thousands, except share and per share data)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Interest and Dividend Income

Interest and fees on loans

$

14,449

$

15,066

$

28,787

$

30,074

Interest and dividends on securities

1,360

1,275

2,772

2,626

Other interest income

1,204

414

2,065

693

Total interest and dividend income

17,013

16,755

33,624

33,393

Interest Expense

Interest expense on deposits

5,304

4,866

10,477

9,628

Interest expense on borrowings

77

397

321

1,236

Total interest expense

5,381

5,263

10,798

10,864

Net interest income

11,632

11,492

22,826

22,529

(Credit to) Provision for Credit Losses on loans

(11

)

(101

)

60

252

Net interest income after provision for credit losses on loans

11,643

11,593

22,766

22,277

Non-interest Income

Service charges on deposit accounts

744

728

1,508

1,501

Net gain on sales of loans

-

69

-

107

Increase in cash surrender value of life insurance

203

194

401

382

Net gain on disposal of premises and equipment

15

-

22

-

Investment advisory income

424

269

727

605

Other

357

342

551

758

Total non-interest income

1,743

1,602

3,209

3,353

Non-interest Expense

Salaries and employee benefits

5,538

5,242

11,071

10,376

Occupancy

1,127

1,115

2,350

2,186

Data processing

605

534

1,214

1,059

Professional fees

636

492

1,029

969

Marketing

138

223

283

423

FDIC deposit insurance and other insurance

253

295

472

592

Amortization of intangible assets

7

17

14

37

Other

1,704

1,789

3,313

3,573

Total non-interest expense

10,008

9,707

19,746

19,215

Net income before income taxes

3,378

3,488

6,229

6,415

Net Provision for Income Taxes

762

762

1,397

1,401

Net income

$

2,616

$

2,726

$

4,832

$

5,014

Earnings per common share:

Basic

$

0.24

$

0.25

$

0.45

$

0.47

Diluted

$

0.24

$

0.25

$

0.44

$

0.46

Weighted average shares outstanding, basic

10,829,944

10,787,446

10,836,517

10,782,259

Weighted average shares outstanding, diluted

10,958,117

10,954,124

10,970,534

10,939,842

Rhinebeck Bancorp, Inc. and Subsidiary
Consolidated Statements of Financial Condition (Unaudited)
(In thousands, except share and per share data)

June 30,

December 31,

2026

2025

Assets

Cash and due from banks

$

20,974

$

15,893

Federal funds sold

279,963

83,157

Interest-bearing depository accounts

3,626

2,936

Total cash and cash equivalents

304,563

101,986

Available-for-sale securities (at fair value)

171,368

162,203

Loans receivable (net of allowance for credit losses of $7,695 and $8,353, respectively)

918,477

953,385

Federal Home Loan Bank stock

1,153

1,957

Accrued interest receivable

4,592

4,882

Cash surrender value of life insurance

31,397

30,996

Deferred tax assets (net of valuation allowance of $663 and $809, respectively)

4,623

4,941

Premises and equipment, net

13,249

13,621

Goodwill

2,235

2,235

Intangible assets, net

92

106

Other assets

18,303

25,454

Total assets

$

1,470,052

$

1,301,766

Liabilities and Stockholders' Equity

Liabilities

Deposits

Non-interest bearing

$

242,774

$

227,272

Interest bearing

1,040,198

870,068

Total deposits

1,282,972

1,097,340

Mortgagors' escrow accounts

13,206

9,399

Advances from the Federal Home Loan Bank

5,153

25,153

Subordinated debt

5,155

5,155

Accrued expenses and other liabilities

23,963

27,867

Total liabilities

1,330,449

1,164,914

Stockholders' Equity

Preferred stock (par value $0.01 per share; 5,000,000 authorized, no shares issued)

-

-

Common stock (par value $0.01; authorized 25,000,000; issued and outstanding 11,180,786 and 11,141,033 at June 30, 2026 and December 31, 2025, respectively)

112

112

Additional paid-in capital

44,906

45,710

Unearned common stock held by the employee stock ownership plan

(2,728

)

(2,837

)

Retained earnings

105,976

101,797

Accumulated other comprehensive loss:

Net unrealized loss on available-for-sale securities, net of taxes

(6,840

)

(6,255

)

Defined benefit pension plan, net of taxes

(1,823

)

(1,675

)

Total accumulated other comprehensive loss

(8,663

)

(7,930

)

Total stockholders' equity

139,603

136,852

Total liabilities and stockholders' equity

$

1,470,052

$

1,301,766

Rhinebeck Bancorp, Inc. and Subsidiary
Average Balance Sheet (Unaudited)
(Dollars in thousands)

For the Three Months Ended June 30,

2026

2025

Average

Interest and

Average

Interest and

Balance

Dividends

Yield/Cost(3)

Balance

Dividends

Yield/Cost(3)

Assets:

Interest-bearing depository accounts and federal funds sold

$

130,061

$

1,204

3.71

%

$

37,527

$

414

4.42

%

Loans(1)

940,474

14,449

6.16

%

978,022

15,066

6.18

%

Available-for-sale securities

163,432

1,338

3.28

%

143,756

1,208

3.37

%

Other interest-earning assets

1,303

22

6.77

%

2,496

67

10.77

%

Total interest-earning assets

1,235,270

17,013

5.52

%

1,161,801

16,755

5.78

%

Non-interest-earning assets

87,498

87,246

Total assets

$

1,322,768

$

1,249,047

Liabilities and equity:

Subscription Deposits

$

20,824

$

8

0.15

%

$

-

$

-

-

%

NOW accounts

131,146

80

0.24

%

118,195

58

0.20

%

Money market accounts

238,920

1,523

2.56

%

215,295

1,353

2.52

%

Savings accounts

130,554

120

0.37

%

134,314

130

0.39

%

Certificates of deposit

385,544

3,543

3.69

%

342,425

3,295

3.86

%

Total interest-bearing deposits

906,988

5,274

2.33

%

810,229

4,836

2.39

%

Escrow accounts

11,060

30

1.09

%

10,847

30

1.11

%

Federal Home Loan Bank advances

5,154

-

-

%

33,686

311

3.70

%

Subordinated debt

5,155

77

5.99

%

5,155

86

6.69

%

Total other interest-bearing liabilities

21,369

107

2.01

%

49,688

427

3.45

%

Total interest-bearing liabilities

928,357

5,381

2.32

%

859,917

5,263

2.45

%

Non-interest-bearing deposits

231,793

231,573

Other non-interest-bearing liabilities

23,753

29,950

Total liabilities

1,183,903

1,121,440

Total stockholders' equity

138,865

127,607

Total liabilities and stockholders' equity

$

1,322,768

$

1,249,047

Net interest income

$

11,632

$

11,492

Interest rate spread

3.20

%

3.33

%

Net interest margin(2)

3.78

%

3.97

%

Average interest-earning assets to average interest-bearing liabilities

133.06

%

135.11

%

_____________________________

(1) Non-accruing loans are included in the outstanding loan balance. Deferred loan fees included in interest income totaled $52,000 and $86,000 for the three months ended June 30, 2026 and 2025, respectively.
(2) Represents the difference between interest earned and interest paid, divided by average total interest-earning assets.
(3) Annualized.

For the Six Months Ended June 30,

2026

2025

Average

Interest and

Average

Interest and

Balance

Dividends

Yield/Cost

Balance

Dividends

Yield/Cost

(Dollars in thousands)

Assets:

Interest-bearing depository accounts

$

110,962

$

2,065

3.75

%

$

33,003

$

693

4.23

%

Loans(1)

945,212

28,787

6.14

%

984,984

30,074

6.16

%

Available-for-sale securities

162,181

2,712

3.37

%

150,450

2,469

3.31

%

Other interest-earning assets

1,676

60

7.22

%

3,417

157

9.27

%

Total interest-earning assets

1,220,031

33,624

5.56

%

1,171,854

33,393

5.75

%

Non-interest-earning assets

87,789

87,172

Total assets

$

1,307,820

$

1,259,026

Liabilities and equity:

Subscription Deposits

$

10,412

$

8

0.15

%

$

-

$

-

-

%

NOW accounts

127,035

152

0.24

%

122,118

111

0.18

%

Money market accounts

236,019

2,981

2.55

%

210,683

2,588

2.48

%

Savings accounts

129,980

249

0.39

%

133,635

254

0.38

%

Certificates of deposit

381,839

7,037

3.72

%

335,917

6,625

3.98

%

Total interest-bearing deposits

885,285

10,427

2.38

%

802,353

9,578

2.41

%

Escrow accounts

9,219

50

1.09

%

9,220

51

1.12

%

Federal Home Loan Bank advances

14,416

164

2.29

%

54,211

1,063

3.95

%

Subordinated debt

5,155

157

6.14

%

5,155

172

6.73

%

Total other interest-bearing liabilities

28,790

371

2.60

%

68,586

1,286

3.78

%

Total interest-bearing liabilities

914,075

10,798

2.38

%

870,939

10,864

2.52

%

Non-interest-bearing deposits

229,573

232,926

Other non-interest-bearing liabilities

25,638

29,379

Total liabilities

1,169,286

1,133,244

Total stockholders' equity

138,534

125,782

Total liabilities and stockholders' equity

$

1,307,820

$

1,259,026

Net interest income

$

22,826

$

22,529

Interest rate spread

3.18

%

3.23

%

Net interest margin(2)

3.77

%

3.88

%

Average interest-earning assets to average interest-bearing liabilities

133.47

%

134.55

%

_____________________________

(1) Non-accruing loans are included in the outstanding loan balance. Deferred loan fees included in interest income totaled $84,000 and $140,000 for the six months ended June 30, 2026 and 2025, respectively.
(2) Represents the difference between interest earned and interest paid, divided by average total interest-earning assets.
(3) Annualized.

Rhinebeck Bancorp, Inc. and Subsidiary
Selected Ratios (Unaudited)

Three Months Ended

Six Months Ended

Year Ended

June 30,

June 30,

June 30,

December 31,

2026

2025

2026

2025

2025

Performance Ratios (1):

Return on average assets (2)

0.79

%

0.88

%

0.75

%

0.80

%

0.78

%

Return on average equity (3)

7.56

%

8.57

%

7.03

%

8.04

%

7.77

%

Net interest margin (4)

3.78

%

3.97

%

3.77

%

3.88

%

3.89

%

Efficiency ratio

74.83

%

74.13

%

75.84

%

74.24

%

73.12

%

Average interest-earning assets to average interest-bearing liabilities

133.06

%

135.11

%

133.47

%

134.55

%

134.72

%

Total gross loans to total deposits

71.94

%

90.08

%

71.94

%

90.08

%

87.32

%

Average equity to average assets (5)

10.50

%

10.22

%

10.59

%

9.99

%

10.09

%

Asset Quality Ratios:

Allowance for credit losses on loans as a percent of total gross loans

0.83

%

0.85

%

0.83

%

0.85

%

0.87

%

Allowance for credit losses on loans as a percent of non-performing loans

227.06

%

283.14

%

227.06

%

283.14

%

225.76

%

Net charge-offs to average outstanding loans during the period (1)

0.04

%

0.04

%

0.14

%

0.12

%

0.20

%

Non-performing loans as a percent of total gross loans

0.37

%

0.30

%

0.37

%

0.30

%

0.39

%

Non-performing assets as a percent of total assets

0.23

%

0.23

%

0.23

%

0.23

%

0.28

%

Capital Ratios (6):

Tier 1 capital (to risk-weighted assets)

14.61

%

12.66

%

14.61

%

12.66

%

13.57

%

Total capital (to risk-weighted assets)

15.41

%

13.45

%

15.41

%

13.45

%

14.40

%

Common equity Tier 1 capital (to risk-weighted assets)

14.61

%

12.66

%

14.61

%

12.66

%

13.57

%

Tier 1 leverage ratio (to average total assets)

10.93

%

10.64

%

10.93

%

10.64

%

10.62

%

Other Data:

Book value per common share

$

12.49

$

11.61

$

12.28

Tangible book value per common share(7)

$

12.28

$

11.40

$

12.07

_____________________________________

(1) Ratios for the three and six month periods ended June 30, 2026 and 2025 are annualized.
(2) Represents net income divided by average total assets.
(3) Represents net income divided by average equity.
(4) Represents net interest income as a percent of average interest-earning assets.
(5) Represents average equity divided by average total assets.
(6) Capital ratios are for Rhinebeck Bank only. Rhinebeck Bancorp, Inc. is not subject to the minimum consolidated capital requirements as a small bank holding company with assets of less than $3.0 billion.
(7) Represents a non-GAAP financial measure, see table below for a reconciliation of the non-GAAP financial measures.

NON-GAAP FINANCIAL INFORMATION

This release contains financial information determined by methods other than in accordance with generally accepted accounting principles ("GAAP"). Such non-GAAP financial information includes the following measure: "tangible book value per common share". Management uses this non-GAAP measure because we believe that it may provide useful supplemental information for evaluating our operations and performance, as well as in managing and evaluating our business and in discussions about our operations and performance. Management believes this non-GAAP measure may also provide users of our financial information with a meaningful measure for assessing our financial results, as well as a comparison to financial results for prior periods. This non-GAAP measure should be viewed in addition to, and not as an alternative to or substitute for, measures determined in accordance with GAAP and are not necessarily comparable to other similarly titled measures used by other companies. To the extent applicable, reconciliations of these non-GAAP measures to the most directly comparable measures as reported in accordance with GAAP are included below.

(In thousands, except per share data)

June 30,

December 31,

2026

2025

2025

Book value per common share

Total shareholders' equity (book value) (GAAP)

$

139,603

$

128,957

$

136,852

Total shares outstanding

11,181

11,105

11,141

Book value per common share

$

12.49

$

11.61

$

12.28

Tangible common equity

Total shareholders' equity (book value) (GAAP)

$

139,603

$

128,957

$

136,852

Goodwill

(2,235

)

(2,235

)

(2,235

)

Intangible assets, net

(92

)

(129

)

(106

)

Tangible common equity (non-GAAP)

$

137,276

$

126,593

$

134,511

Tangible book value per common share

Tangible common equity (non-GAAP)

$

137,276

$

126,593

$

134,511

Total shares outstanding

11,181

11,105

11,141

Tangible book value per common share (non-GAAP)

$

12.28

$

11.40

$

12.07

SOURCE: Rhinebeck Bancorp

LOS ANGELES--(BUSINESS WIRE)--OP Bancorp (the “Company”) (NASDAQ: OPBK), parent company of Open Bank, today reported:                   ($ in thousands, except per share data)   As of and For the Quarter   First Quarter Highlights   2Q2026   1Q2026   2Q2025   Comparisons reflect 2Q26 vs. 1Q26 Income Statement:               Income Statement Net interest income   $ 20,068     $ 20,523     $ 19,721     Revenue continued to grow. Reversal of provision reflected the payoff of a previously reserved.

EFFINGHAM, Ill., July 23, 2026 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”) today reported net income available to common shareholders of $17.7 million, or $0.82 per diluted share, for the second quarter of 2026, compared to net income available to common shareholders of $16.2 million, or $0.74 per diluted share, for the first quarter of 2026. This also compares to net income available to common shareholders of $9.8 million, or $0.44 per diluted share, for the second quarter of 2025.

2026 Second Quarter Results

Net income available to common shareholders of $17.7 million, or $0.82 per diluted share.Return on average assets of 1.22% and return on average tangible common equity of 16.27%.Adjusted pre-provision net revenue of $32.8 million, or 2.01% of average assets, compared to $30.5 million, or 1.91% of average assets, for the first quarter of 2026.Net interest margin of 3.98% compared to 3.91% in the prior quarter.Community Bank loan portfolio increased $6.3 million, or 0.7% annualized, compared to prior quarter. Total loans decreased $94.9 million, primarily due to anticipated runoff within specialty finance and non-core portfolios.Total capital to risk-weighted assets of 15.77% and common equity tier 1 capital of 10.39%.Ratio of nonperforming assets to total assets of 0.91%, flat compared to prior quarter.
Discussion of Outlook; President & Chief Executive Officer, Jeffrey G. Ludwig:

“Our second quarter results demonstrate the continued progress we’ve made transforming Midland into a higher-performing community bank. Core profitability remained strong, our net interest margin expanded, capital increased above our near-term target, and our Community Bank continued to generate growth in deposits and customer relationships while we further simplified our balance sheet through the planned runoff of specialty finance and non-core loan portfolios.

"Net interest margin expansion was driven by favorable loan repricing and continued optimization of our earning assets. Total deposits increased $267 million, while we further reduced our reliance on higher-cost brokered deposits. We also strengthened our capital position, increasing our common equity Tier 1 ratio to 10.4%, while continuing to return capital to shareholders through share repurchases.

"While we recognized a higher charge-off associated with the resolution of a previously identified nonperforming commercial real estate credit, broader credit trends continued to improve, including reductions in past due and substandard loans. Looking ahead, we remain focused on disciplined growth across our Community Bank, expanding our wealth management business following a record quarter, and leveraging our stronger financial position to deliver consistent earnings growth and long-term shareholder value.”

Financial Highlights and Key Performance Indicators

  As of and for the Three Months Ended  June 30, March 31, December 31, September 30, June 30,(dollars in thousands, except per share data)  2026   2026   2025   2025   2025 Diluted earnings (loss) per common share $0.82  $0.74  $(0.24) $0.24  $0.44 Return on average assets (annualized)  1.22%  1.16%  (0.17)%  0.43%  0.67%Return on average tangible common equity (annualized) (1)  16.27%  14.88%  (4.46)%  4.72%  8.87%Adjusted pre-provision net revenue to average assets (annualized) (1)  2.01%  1.91%  1.86%  1.81%  1.86%Net interest margin (annualized)  3.98%  3.91%  3.74%  3.79%  3.56%Efficiency ratio (1)  60.61%  62.17%  63.01%  61.01%  59.85%Noninterest expense to average assets  3.12%  3.16%  4.54%  2.86%  2.80%Net charge-offs to average loans (annualized)  1.17%  0.64%  3.69%  0.99%  2.34%Tangible book value per share at period end (1) $21.41  $20.77  $20.70  $21.16  $20.68 Common shares outstanding at period end  20,725,814   20,813,975   21,169,854   21,543,557   21,515,138 Trust assets under administration $4,782,625  $4,474,234  $4,478,999  $4,363,756  $4,181,180 
(1) Non-GAAP financial measures. Refer to pages 10-11 for a reconciliation to the comparable GAAP financial measures.
Key Points for Second Quarter and Outlook

Growth Trends in Community Bank & Wealth Management

Total loans at June 30, 2026 were $4.24 billion, a decrease of $94.9 million from March 31, 2026, reflecting the continued planned runoff of specialty finance and non-core portfolios, which more than offset Community Bank loan growth. Average loan balances in the Community Bank increased approximately $83 million, or 2.5%, during the quarter, supported by continued commercial loan production and growth in commercial and industrial commitments. Period-end balances were impacted by the timing of several larger fundings shifting into the third quarter and elevated loan payoffs. Key changes in the loan portfolio were as follows:
Community Bank balances increased $6.3 million, or 0.7% annualized.Specialty finance loans decreased $81.4 million to $532.1 million from March 31, 2026.Non-core loans, which include our third-party lending and servicing programs and remaining equipment finance portfolio, decreased $19.7 million to $308.4 million from March 31, 2026. Total deposits were $5.71 billion at June 30, 2026, an increase of $267.2 million from March 31, 2026. Key changes in deposits were as follows:
Retail and commercial deposits increased $98.4 million and $116.4 million, respectively, driven primarily by growth in new accounts as a result of targeted initiatives.Public funds and servicing deposits increased $120.2 million and $23.8 million, respectively.Higher-cost brokered deposits decreased $100.9 million. Wealth Management revenue totaled $8.8 million in the second quarter of 2026. Assets under administration were $4.78 billion at June 30, 2026, compared to $4.47 billion at March 31, 2026, driven primarily by improved market performance. Net Interest Margin

Net interest margin was 3.98%, up seven basis points compared to the first quarter of 2026, driven primarily by a favorable shift in investment securities mix, a one basis point increase in loan yields, and a continued decline in funding costs. The cost of deposits decreased three basis points to 1.78% in the second quarter of 2026, as a result of continued pricing discipline. The following table presents the Company’s net interest margin for the second quarter of 2026 compared to the first quarter of 2026 and the second quarter of 2025.

  For the Three Months Ended(dollars in thousands) June 30, 2026 March 31, 2026 June 30, 2025Interest-earning assets Average Balance Interest & Fees Yield/Rate Average Balance Interest & Fees Yield/Rate Average Balance Interest & Fees Yield/RateCash and cash equivalents $108,157 $987 3.66% $89,412 $809 3.67% $67,326 $716 4.27%Investment securities (1)  1,617,474  19,540 4.85   1,592,433  18,702 4.76   1,367,180  17,164 5.04 Loans (1)(2)  4,268,168  67,195 6.31   4,254,321  66,044 6.30   5,123,558  79,240 6.20 Loans held for sale  8,431  128 6.10   6,892  102 6.01   44,642  377 3.39 Nonmarketable equity securities  30,285  534 7.07   31,547  583 7.50   38,803  694 7.17 Total interest-earning assets  6,032,515  88,384 5.88   5,974,605  86,240 5.85   6,641,509  98,191 5.93 Noninterest-earning assets  495,663      496,233      513,801    Total assets $6,528,178     $6,470,838     $7,155,310                       Interest-Bearing Liabilities                  Interest-bearing deposits $4,512,697 $24,526 2.18% $4,430,873 $24,203 2.22% $4,845,609 $32,290 2.67%Short-term borrowings  28,521  202 2.84   33,236  231 2.82   60,117  573 3.82 FHLB advances & other borrowings  249,044  2,349 3.78   273,444  2,670 3.96   363,505  3,766 4.16 Subordinated debt  27,027  380 5.64   27,022  380 5.70   77,757  1,394 7.19 Trust preferred debentures  52,128  1,131 8.70   51,948  1,121 8.75   51,439  1,206 9.40 Total interest-bearing liabilities  4,869,417  28,588 2.35   4,816,523  28,605 2.41   5,398,427  39,229 2.91 Noninterest-bearing deposits  1,012,592      996,926      1,075,945    Other noninterest-bearing liabilities  84,416      87,907      108,819    Shareholders’ equity  561,753      569,482      572,119    Total liabilities and shareholders’ equity $6,528,178     $6,470,838     $7,155,310                       Net Interest Margin   $59,796 3.98%   $57,635 3.91%   $58,962 3.56%                   Cost of Deposits     1.78%     1.81%     2.19%
(1) Interest income and average rates for tax-exempt loans and investment securities are presented on a tax-equivalent basis, assuming a federal income tax rate of 21%. Tax-equivalent adjustments totaled $0.2 million, $0.2 million, and $0.3 million for the three months ended June 30, 2026, March 31, 2026, and June 30, 2025, respectively.
(2) Average loan balances include nonaccrual loans. Interest income on loans includes amortization of deferred loan fees, net of deferred loan costs.

Trends in Noninterest Income and Expense

Noninterest income was $23.8 million for the second quarter of 2026 compared to $22.1 million for the first quarter of 2026. Noninterest income for the first quarter of 2026 included $2.1 million of gains from the sale of the Company’s residential servicing portfolio and a portion of the Company’s commercial servicing portfolio, losses of $1.7 million from the sale of investment securities, and a $1.7 million loss related to our limited partnership investments. Excluding these transactions, noninterest income for the first quarter of 2026 was $23.5 million.Noninterest expense remained relatively flat for the second quarter of 2026 at $50.8 million compared to $50.4 million for the first quarter of 2026.Income tax expense was $5.9 million, resulting in an effective tax rate of 22.9% for the second quarter of 2026 compared to 23.4% and 19.1% for the first quarter of 2026 and second quarter of 2025, respectively. We currently expect our effective tax rate to be approximately 23% for the full year, subject to changes in earnings mix, state tax legislation, and other factors. Continued Progress on Credit Quality

Loans 30-89 days past due decreased to $11.0 million, or 0.26% of total loans, at June 30, 2026, compared to $20.3 million, or 0.47% of total loans, at March 31, 2026. Substandard accruing loans decreased by $20.4 million to $71.5 million at June 30, 2026.Nonperforming loans increased to $60.9 million, or 1.43% of total loans, at June 30, 2026, compared to $58.8 million, or 1.36% of total loans, at March 31, 2026.Net charge-offs were $12.5 million for the second quarter of 2026, including an $8.6 million charge-off on a previously identified nonperforming commercial real estate relationship in our Community Bank portfolio. The charge-off reflects the execution of a resolution strategy for the relationship following the borrower’s acceptance of a purchase agreement for the underlying collateral.Provision for credit losses on loans was $7.1 million for the second quarter of 2026, driven primarily by the replenishment of reserve balances resulting from the net charge-off activity during the quarter, partially offset by improved credit quality metrics, including favorable past due and delinquency trends, and anticipated continued runoff of our specialty finance and non-core loan portfolios.Allowance for credit losses on loans was $62.5 million, or 1.47% of total loans, at June 30, 2026, compared to an allowance of $67.9 million, or 1.56% of total loans, at March 31, 2026. The table below summarizes certain information regarding the Company’s loan portfolio asset quality for the periods presented.

  As of and for the Three Months Ended  June 30, March 31, December 31, September 30, June 30,(dollars in thousands)
  2026   2026   2025   2025   2025 Asset Quality          Loans 30-89 days past due $10,984  $20,266  $17,079  $26,019  $40,959 Nonperforming loans  60,879   58,791   65,483   68,703   80,112 Nonperforming assets  61,235   59,305   66,089   70,369   81,775 Substandard accruing loans  71,526   91,963   76,000   78,901   58,478 Net charge-offs  12,465   6,747   43,492   12,309   29,855 Loans 30-89 days past due to total loans  0.26%  0.47%  0.39%  0.53%  0.81%Nonperforming loans to total loans  1.43%  1.36%  1.50%  1.41%  1.59%Nonperforming assets to total assets  0.91%  0.91%  1.01%  1.02%  1.15%Allowance for credit losses to total loans  1.47%  1.56%  1.59%  2.07%  1.84%Allowance for credit losses to nonperforming loans  102.69%  115.45%  105.71%  146.84%  115.70%Net charge-offs to average loans (annualized)  1.17%  0.64%  3.69%  0.99%  2.34%
Capital

As previously announced, the Company’s board of directors authorized a share repurchase program, pursuant to which the Company was authorized to repurchase up to $45.0 million of its common stock through December 31, 2026. During the second quarter of 2026, the Company repurchased $2.7 million of its common stock (113,208 shares of its common stock at a weighted average price of $24.05), resulting in approximately $24.9 million in remaining repurchase authority under the program.

The Company and Midland States Bank exceeded all regulatory capital requirements under Basel III, and Midland States Bank met the qualifications to be a ‘‘well-capitalized’’ financial institution, as summarized in the following table:

  As of June 30, 2026  Midland States Bank Midland States Bancorp, Inc. Minimum Regulatory Requirements (2)Total capital to risk-weighted assets 14.84% 15.77% 10.50%Tier 1 capital to risk-weighted assets 13.59% 13.97% 8.50%Common equity Tier 1 capital to risk-weighted assets 13.59% 10.39% 7.00%Tier 1 leverage ratio 10.08% 10.37% 4.00%Tangible common equity to tangible assets (1) N/A 6.64% N/A   As of March 31, 2026  Midland States Bank Midland States Bancorp, Inc. Minimum Regulatory Requirements (2)Total capital to risk-weighted assets 14.42% 15.27% 10.50%Tier 1 capital to risk-weighted assets 13.17% 13.48% 8.50%Common equity Tier 1 capital to risk-weighted assets 13.17% 9.98% 7.00%Tier 1 leverage ratio 10.10% 10.35% 4.00%Tangible common equity to tangible assets (1) N/A 6.62% N/A
(1) Non-GAAP financial measure. Refer to pages 10-11 for a reconciliation to the comparable GAAP financial measure.
(2) Includes the capital conservation buffer of 2.5%, as applicable.
About Midland States Bancorp, Inc.

Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of June 30, 2026, the Company had total assets of approximately $6.70 billion, and its Wealth Management Group had assets under administration of approximately $4.78 billion. The Company provides a full range of commercial and consumer banking products and services, merchant credit card services, trust and investment management, insurance and financial planning services. For additional information, visit https://www.midlandsb.com/ or https://www.linkedin.com/company/midland-states-bank.

Non-GAAP Financial Measures

Some of the financial measures included in this press release are not measures calculated in accordance with GAAP.

These non-GAAP financial measures include “Adjusted pre-provision net revenue,” “Adjusted pre-provision net revenue to average assets,” “Adjusted earnings,” “Adjusted earnings available to common shareholders,” “Adjusted diluted earnings per common share,” “Return on average tangible common equity,” “Efficiency ratio,” “Tangible common equity to tangible assets,” and “Tangible book value per share.” The Company believes these non-GAAP financial measures provide both management and investors a more complete understanding of the Company’s profitability and asset profile, and that the tangible asset-based measures are commonly used by investors in evaluating value of financial institutions and their equity securities. These non-GAAP financial measures are supplemental and are not a substitute for any analysis based on GAAP financial measures. Not all companies use the same calculation of these measures; therefore, the measures in this press release may not be comparable to other similarly titled measures as presented by other companies.

Forward-Looking Statements

Readers should note that in addition to the historical information contained herein, this press release includes "forward-looking statements" within the meanings of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including but not limited to statements about the Company’s plans, objectives, future performance, goals and future earnings levels, including currently anticipated levels of noninterest income and operating expenses. These statements are subject to many risks and uncertainties, including changes in interest rates and other general economic, business and political conditions; the impact of federal trade policy, inflation, deposit volatility and potential regulatory developments; the performance of our loan portfolio and our ability to manage credit risk; changes in the financial markets; the effects of armed conflict, including the scope and duration of disruptions in global energy markets relating to war in the Middle East; changes in the business environment resulting from the adoption of artificial intelligence, including fraud and cybersecurity risk; operational risks, including with respect to fraud and information technology; changes in business plans as circumstances warrant; changes to U.S. and state tax laws, regulations and guidance; and other risks detailed from time to time in filings made by the Company with the Securities and Exchange Commission, including the risk factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2025, which are incorporated herein by reference. Readers should note that the forward-looking statements included in this press release are not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "will," “should,” "propose," "may," "plan," "seek," "expect," "intend," "estimate," "anticipate," "believe," "continue," “outlook,” “trends,” or similar terminology. Any forward-looking statements presented herein are made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

MIDLAND STATES BANCORP, INC.CONSOLIDATED FINANCIAL SUMMARY (unaudited)             As of  June 30, March 31, December 31, September 30, June 30,(dollars in thousands)  2026   2026   2025   2025   2025 Assets          Cash and cash equivalents $298,747  $113,658  $127,811  $166,147  $176,587 Investment securities  1,657,313   1,596,220   1,527,236   1,383,121   1,354,652 Loans  4,243,704   4,338,573   4,352,004   4,867,587   5,035,295 Allowance for credit losses on loans  (62,519)  (67,875)  (69,219)  (100,886)  (92,690)Total loans, net  4,181,185   4,270,698   4,282,785   4,766,701   4,942,605 Loans held for sale  8,944   6,709   7,781   7,535   37,299 Premises and equipment, net  82,898   84,169   85,134   86,005   86,240 Other real estate owned  356   514   606   393   393 Loan servicing rights, at lower of cost or fair value  11,316   11,688   11,932   16,165   16,720 Goodwill  7,927   7,927   7,927   7,927   7,927 Other intangible assets, net  7,495   8,159   8,876   9,619   10,362 Company-owned life insurance  222,757   220,630   218,554   216,494   214,392 Credit enhancement asset  13,642   13,476   12,557   5,765   5,800 Other assets  208,036   214,115   222,221   245,643   254,901 Total assets $6,700,616  $6,547,963  $6,513,420  $6,911,515  $7,107,878            Liabilities and Shareholders' Equity          Noninterest-bearing demand deposits $1,010,128  $1,013,808  $1,040,411  $1,015,930  $1,074,212 Interest-bearing deposits  4,697,150   4,426,259   4,383,968   4,588,895   4,872,707 Total deposits  5,707,278   5,440,067   5,424,379   5,604,825   5,946,919 Short-term borrowings  7,645   153,425   60,181   146,766   8,654 FHLB advances  258,000   238,000   293,000   373,000   345,000 Subordinated debt  27,030   27,024   27,019   27,014   77,759 Trust preferred debentures  52,219   52,035   51,857   51,684   51,518 Other liabilities  78,756   78,458   91,485   124,225   104,323 Total liabilities  6,130,928   5,989,009   5,947,921   6,327,514   6,534,173 Total shareholders’ equity  569,688   558,954   565,499   584,001   573,705 Total liabilities and shareholders’ equity $6,700,616  $6,547,963  $6,513,420  $6,911,515  $7,107,878  MIDLAND STATES BANCORP, INC.
CONSOLIDATED FINANCIAL SUMMARY (unaudited) (continued)
              For the Three Months Ended
  June 30, March 31, December 31, September 30, June 30,
(dollars in thousands, except per share data)  2026   2026   2025   2025   2025 Net interest income:           Interest income $88,177  $86,022  $92,095  $98,493  $97,924 Interest expense  28,588   28,605   33,393   37,376   39,229 Net interest income  59,589   57,417   58,702   61,117   58,695 Provision for credit losses:           Provision for credit losses on loans  7,109   5,403   11,825   20,505   17,369 Recapture of credit losses on unfunded commitments  (290)  (400)  (200)  (500)  — Total provision for credit losses  6,819   5,003   11,625   20,005   17,369 Net interest income after provision for credit losses  52,770   52,414   47,077   41,112   41,326 Noninterest income:           Wealth management revenue  8,768   8,248   8,272   8,018   7,379 Service charges on deposit accounts  3,449   3,355   3,573   3,598   3,351 Interchange revenue  3,553   3,528   3,437   3,445   3,463 Residential mortgage banking revenue  686   626   690   735   756 Income on company-owned life insurance  2,127   2,076   2,060   2,102   2,068 Gain (loss) on sales of investment securities, net  —   (1,731)  —   14   — Credit enhancement income (loss)  3,081   3,360   6,876   (242)  3,848 Other income  2,104   2,660   1,959   2,346   2,669 Total noninterest income  23,768   22,122   26,867   20,016   23,534 Noninterest expense:           Salaries and employee benefits  27,354   26,157   25,906   26,393   25,685 Occupancy and equipment  4,229   4,535   4,353   4,206   4,166 Data processing  6,994   7,065   6,834   7,186   7,035 Professional services  1,665   2,242   2,321   2,017   2,792 Amortization of intangible assets  664   717   743   743   827 Loss on sale of loan portfolios  —   —   23,051   —   — Impairment on leased assets and surrendered assets  —   —   684   —   — FDIC insurance  781   529   3,739   1,512   1,422 Other expense  9,068   9,179   9,561   7,757   8,065 Total noninterest expense  50,755   50,424   77,192   49,814   49,992 Income (loss) before income taxes  25,783   24,112   (3,248)  11,314   14,868 Income tax expense (benefit)  5,895   5,649   (360)  3,757   2,844 Net income (loss)  19,888   18,463   (2,888)  7,557   12,024 Preferred stock dividends  2,228   2,228   2,228   2,229   2,228 Net income (loss) available to common shareholders $17,660  $16,235  $(5,116) $5,328  $9,796             Basic earnings (loss) per common share $0.82  $0.74  $(0.24) $0.24  $0.44 Diluted earnings (loss) per common share $0.82  $0.74  $(0.24) $0.24  $0.44 Weighted average common shares outstanding  21,074,683   21,301,246   21,854,033   21,863,911   21,820,190 Weighted average diluted common shares outstanding  21,074,683   21,301,246   21,854,033   21,863,911   21,820,190  MIDLAND STATES BANCORP, INC.
CONSOLIDATED FINANCIAL SUMMARY (unaudited)(continued)
                  As of
  June 30, March 31, December 31, September 30, June 30,
(dollars in thousands)  2026   2026   2025   2025   2025 Loan Portfolio Mix               Commercial loans $1,185,730  $1,216,511  $1,178,521  $1,476,533  $1,544,386 Equipment finance leases  37,086   43,803   50,981   310,983   347,155 Total commercial loans and leases  1,222,816   1,260,314   1,229,502   1,787,516   1,891,541 Commercial real estate  2,296,978   2,322,198   2,342,664   2,336,661   2,383,361 Construction and land development  243,840   276,469   286,140   260,073   258,729 Residential real estate  347,664   344,511   349,623   353,475   361,261 Consumer  132,406   135,081   144,075   129,862   140,403 Total loans $4,243,704  $4,338,573  $4,352,004  $4,867,587  $5,035,295                 Loan Portfolio Segment               Regions               Eastern $978,944  $989,596  $972,031  $927,977  $897,348 Northern  771,844   758,815   711,702   724,695   753,590 Southern  700,937   713,592   729,368   725,892   778,124 St. Louis  951,505   934,974   915,126   896,005   884,685 Total Community Bank  3,403,230   3,396,977   3,328,227   3,274,569   3,313,747 Specialty finance  532,070   613,514   668,183   642,167   670,566 Non-core loan program and other(1)  308,404   328,082   355,594   950,851   1,050,982 Total loans $4,243,704  $4,338,573  $4,352,004  $4,867,587  $5,035,295                 Deposit Portfolio Mix               Noninterest-bearing demand $1,010,128  $1,013,808  $1,040,411  $1,015,930  $1,074,212 Interest-bearing:               Checking  2,094,880   1,886,212   1,855,215   1,996,501   2,180,717 Money market  1,242,303   1,295,781   1,248,942   1,240,885   1,216,357 Savings  640,292   495,899   487,742   486,953   511,470 Time  694,642   723,055   748,942   804,740   818,813 Brokered time  25,033   25,312   43,127   59,816   145,350 Total deposits $5,707,278  $5,440,067  $5,424,379  $5,604,825  $5,946,919                 Deposit Portfolio by Channel               Retail $3,003,073  $2,904,695  $2,823,064  $2,791,085  $2,811,838 Commercial  1,325,592   1,209,210   1,193,637   1,248,445   1,145,369 Public Funds  576,188   455,982   473,381   605,474   618,172 Wealth & Trust  243,549   242,977   265,747   263,765   304,626 Servicing  502,335   478,496   498,496   498,892   785,659 Brokered Deposits  25,033   125,949   143,192   167,228   248,707 Other  31,508   22,758   26,862   29,936   32,548 Total deposits $5,707,278  $5,440,067  $5,424,379  $5,604,825  $5,946,919 
(1) Non-core loan programs refer to loan portfolios originated through third parties or capital markets, including loans to finance the sale of the GreenSky portfolio, and equipment financing loans and leases. MIDLAND STATES BANCORP, INC.RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES (unaudited)           Adjusted Earnings Reconciliation             For the Three Months Ended  June 30, March 31, December 31, September 30, June 30,(dollars in thousands, except per share data)  2026   2026   2025   2025   2025 Income (loss) before income tax expense (benefit) – GAAP $25,783  $24,112  $(3,248) $11,314  $14,868 Adjustments to noninterest income:          (Gain) loss on sales of investment securities, net  —   1,731   —   (14)  — Gain on sale of mortgage servicing rights  —   (2,077)  —   —   — Loss on limited partnership investments  176   1,689   134   315   1,028 Total adjustments to noninterest income  176   1,343   134   301   1,028 Adjustments to noninterest expense:          Loss on sale of loan portfolios  —   —   (23,051)  —   — Total adjustments to noninterest expense  —   —   (23,051)  —   — Adjusted earnings pre-tax – non-GAAP  25,959   25,455   19,937   11,615   15,896 Adjusted earnings tax expense  5,941   6,002   5,726   3,836   3,114 Adjusted earnings – non-GAAP  20,018   19,453   14,211   7,779   12,782 Preferred stock dividends  2,228   2,228   2,228   2,229   2,228 Adjusted earnings available to common shareholders $17,790  $17,225  $11,983  $5,550  $10,554 Adjusted diluted earnings per common share $0.82  $0.79  $0.54  $0.25  $0.48            Adjusted Pre-Provision Net Revenue Reconciliation             For the Three Months Ended  June 30, March 31, December 31, September 30, June 30,(dollars in thousands, except per share data)  2026   2026   2025   2025   2025 Adjusted earnings pre-tax – non-GAAP $25,959  $25,455  $19,937  $11,615  $15,896 Provision for credit losses  6,819   5,003   11,625   20,005   17,369 Adjusted pre-provision net revenue $32,778  $30,458  $31,562  $31,620  $33,265 Adjusted pre-provision net revenue to average assets (annualized)  2.01%  1.91%  1.86%  1.81%  1.86% Return on Average Tangible Common Equity             For the Three Months Ended  June 30, March 31, December 31, September 30, June 30,(dollars in thousands)  2026   2026   2025   2025   2025 Net income available to common shareholders $17,660  $16,235  $(5,116) $5,328  $9,796            Average total shareholders' equity – GAAP $561,753  $569,482  $582,698  $576,431  $572,119 Adjustments:          Preferred stock  (110,548)  (110,548)  (110,548)  (110,548)  (110,548)Goodwill  (7,927)  (7,927)  (7,927)  (7,927)  (7,927)Other intangible assets, net  (7,813)  (8,487)  (9,320)  (9,978)  (10,744)Average tangible common equity $435,465  $442,520  $454,903  $447,978  $442,900            Return on average tangible common equity (annualized)  16.27%  14.88%  (4.46)%  4.72%  8.87% MIDLAND STATES BANCORP, INC.RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES (unaudited)(continued)           Efficiency Ratio Reconciliation             For the Three Months Ended  June 30, March 31, December 31, September 30, June 30,(dollars in thousands)  2026   2026   2025   2025   2025 Noninterest expense – GAAP $50,755  $50,424  $77,192  $49,814  $49,992 Loss on sale of loan portfolios  —   —   (23,051)  —   — Adjusted noninterest expense $50,755  $50,424  $54,141  $49,814  $49,992            Net interest income – GAAP $59,589  $57,417  $58,702  $61,117  $58,695 Effect of tax-exempt income  207   218   221   209   267 Adjusted net interest income  59,796   57,635   58,923   61,326   58,962            Noninterest income – GAAP  23,768   22,122   26,867   20,016   23,534 (Gain) loss on sales of investment securities, net  —   1,731   —   (14)  — Gain on sale of mortgage servicing rights  —   (2,077)  —   —   — Loss on limited partnership investments  176   1,689   134   315   1,028 Adjusted noninterest income  23,944   23,465   27,001   20,317   24,562            Adjusted total revenue $83,740  $81,100  $85,924  $81,643  $83,524            Efficiency ratio  60.61%  62.17%  63.01%  61.01%  59.85% Tangible Common Equity to Tangible Assets Ratio and Tangible Book Value Per Share             As of  June 30, March 31, December 31, September 30, June 30,(dollars in thousands, except per share data)  2026   2026   2025   2025   2025 Shareholders' Equity to Tangible Common Equity        Total shareholders' equity – GAAP $569,688  $558,954  $565,499  $584,001  $573,705 Adjustments:          Preferred Stock  (110,548)  (110,548)  (110,548)  (110,548)  (110,548)Goodwill  (7,927)  (7,927)  (7,927)  (7,927)  (7,927)Other intangible assets, net  (7,495)  (8,159)  (8,876)  (9,619)  (10,362)Tangible common equity $443,718  $432,320  $438,148  $455,907  $444,868            Total Assets to Tangible Assets:          Total assets – GAAP $6,700,616  $6,547,963  $6,513,420  $6,911,515  $7,107,878 Adjustments:          Goodwill  (7,927)  (7,927)  (7,927)  (7,927)  (7,927)Other intangible assets, net  (7,495)  (8,159)  (8,876)  (9,619)  (10,362)Tangible assets $6,685,194  $6,531,877  $6,496,617  $6,893,969  $7,089,589            Common Shares Outstanding  20,725,814   20,813,975   21,169,854   21,543,557   21,515,138            Tangible Common Equity to Tangible Assets  6.64%  6.62%  6.74%  6.61%  6.27%Tangible Book Value Per Share $21.41  $20.77  $20.70  $21.16  $20.68 
A PDF accompanying this announcement is available at: http://ml.globenewswire.com/Resource/Download/50d57e9d-7816-49fc-8392-1535351bc127

The beverage company reported net income of $51.6 million as its shipment volume decreased 4.5% year-over-year.

July 23, 2026 17:29 ET  | Source: Archrock

HOUSTON, July 23, 2026 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock” or the “Company”) today announced that its Board of Directors has declared an increased quarterly dividend of $0.23 per share of common stock, or $0.92 per share on an annualized basis. The second quarter 2026 dividend will be paid on August 11, 2026, to all stockholders of record on August 4, 2026.

The second quarter 2026 dividend per share amount represents an increase of approximately 5 percent over the Archrock first quarter 2026 dividend level and an increase of approximately 10 percent over the Archrock second quarter 2025 dividend level.

“This dividend increase, our fifth in the last two years, reflects our confidence in the durable demand outlook for natural gas compression and Archrock’s long-term growth. Backed by a strong balance sheet and growing cash flow, we remain focused on investing in profitable growth and returning cash to shareholders,” said Brad Childers, Archrock’s President and Chief Executive Officer.

About Archrock

Archrock is an energy infrastructure company with a primary focus on midstream natural gas compression and a commitment to helping its customers produce, compress and transport natural gas in a safe and environmentally responsible way. Headquartered in Houston, Texas, Archrock is a premier provider of natural gas compression services to customers in the energy industry throughout the U.S. and a leading supplier of aftermarket services to customers that own compression equipment. For more information on how the Company embodies its purpose, WE POWER A CLEANER AMERICA™, visit www.archrock.com.

Forward-Looking Statements

This press release contains forward-looking statements, which include statements about Archrock’s future financial performance and dividends. These statements are not guarantees of future performance or actions. Forward-looking statements rely on a number of assumptions concerning future events and are subject to risks and uncertainties. If one or more of these risks or uncertainties materialize, actual results may differ materially from those contemplated by a forward-looking statement. Forward-looking statements speak only as of the date on which they are made. Archrock expressly disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. A further list and description of risks, uncertainties and other matters can be found in Archrock’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, Archrock’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 and as set forth from time to time in Archrock’s filings with the Securities and Exchange Commission. These filings are available online at www.sec.gov and www.archrock.com.

For information, contact:

Megan Repine
Vice President, Investor Relations
(281) 836-8360
[email protected]

First Interstate BancSystem (FIBK - Free Report) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +35.94%. A quarter ago, it was expected that this holding company for First Interstate Bank would post earnings of $0.6 per share when it actually produced earnings of $0.61, delivering a surprise of +1.67%.

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

First Interstate BancSystem, which belongs to the Zacks Banks - Midwest industry, posted revenues of $265.3 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 7.58%. This compares to year-ago revenues of $249.7 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.

First Interstate BancSystem shares have added about 11% since the beginning of the year versus the S&P 500's gain of 9.6%.

What's Next for First Interstate BancSystem?While First Interstate BancSystem 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 First Interstate BancSystem 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 $0.67 on $252.15 million in revenues for the coming quarter and $2.66 on $998.55 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 - Midwest 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.

One other stock from the same industry, German American Bancorp (GABC - Free Report) , is yet to report results for the quarter ended June 2026.

This financial services holding company is expected to post quarterly earnings of $0.92 per share in its upcoming report, which represents a year-over-year change of +7%. The consensus EPS estimate for the quarter has been revised 0.4% higher over the last 30 days to the current level.

German American Bancorp's revenues are expected to be $98.43 million, up 9.5% from the year-ago quarter.

, /PRNewswire/ -- The Chemours Company ("Chemours" or "the Company") (NYSE: CC) today announced that the Company expects to issue its second quarter 2026 financial results after market on Tuesday, August 4, 2026.

The Company expects to hold its conference call to discuss its second quarter 2026 financial results at 8:00 a.m. Eastern Daylight Time on Wednesday, August 5, 2026. The call is open to the public and can be accessed via the webcast information below. The webcast and materials can be accessed by visiting the "Events and Presentations" section of the Investor Relations section of Chemours' website at investors.chemours.com.

Conference Call: Please visit investors.chemours.com for a link to the live webcast and to view the accompanying slides.

Replay: A webcast replay will be available at investors.chemours.com.

About The Chemours Company
The Chemours Company (NYSE: CC) is a global leader in providing industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and advanced electronics, general industrial, and oil and gas. Through our three businesses – Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials – we deliver application expertise and chemistry-based innovations that solve customers' biggest challenges. Our flagship products are sold under prominent brands such as Opteon™, Freon™, Ti-Pure™, Nafion™, Teflon™, Viton™, and Krytox™. Headquartered in Wilmington, Delaware and listed on the NYSE under the symbol CC, Chemours has approximately 5,700 employees and 28 manufacturing sites and serves approximately 2,400 customers in approximately 110 countries. For more information, visit chemours.com or follow us on LinkedIn. 

CONTACTS:

INVESTORS
Brandon Ontjes
Vice President, Head of Strategy & Investor Relations
+1.302.773.3300 
[email protected] 

NEWS MEDIA
Cassie Olszewski
Media Relations & Reputation Leader
+1.302.219.7140
[email protected]

SOURCE The Chemours Company

EastGroup Properties, Inc. (EGP) Q2 2026 Earnings Call July 23, 2026 10:00 AM EDT

Company Participants

Marshall Loeb - CEO & Director
R. Dunbar - President
Staci Tyler - Executive VP, CFO & Treasurer
Brent Wood - Executive VP & Chief Operating Officer

Conference Call Participants

Nicholas Joseph - Citigroup Inc., Research Division
Samir Khanal - BofA Securities, Research Division
Blaine Heck - Wells Fargo Securities, LLC, Research Division
Alexander Goldfarb - Piper Sandler & Co., Research Division
Michael Griffin - Evercore ISI Institutional Equities, Research Division
Brendan Lynch - Barclays Bank PLC, Research Division
Michael Carroll - RBC Capital Markets, Research Division
Michael Mueller - JPMorgan Chase & Co, Research Division
Todd Thomas - KeyBanc Capital Markets Inc., Research Division
Richard Anderson - Cantor Fitzgerald & Co., Research Division
David Rodgers - Raymond James & Associates, Inc., Research Division
Nicholas Thillman - Robert W. Baird & Co. Incorporated, Research Division
John Kim - BMO Capital Markets Equity Research
Ronald Kamdem - Morgan Stanley, Research Division
Vikram Malhotra - Mizuho Securities USA LLC, Research Division
Omotayo Okusanya - Deutsche Bank AG, Research Division

Presentation

Operator

Good morning, ladies and gentlemen, and welcome to the EastGroup Properties Second Quarter 2026 Conference Call and Webcast Conference Call. [Operator Instructions] This call is being recorded on Thursday, July 23, 2026.

I would now like to turn the conference over to Marshall Loeb, the CEO. Please go ahead.

Marshall Loeb
CEO & Director

Good morning, and thanks for calling in for our second quarter 2026 conference call. As always, we appreciate your interest. I'm happy to say that joining me on this morning's call are Reid Dunbar, our President; Staci Tyler, our CFO; and Brent Wood, our COO. Since we'll make forward-looking statements, we ask that you listen to the following disclaimer.

Unknown Executive

Please note that our conference call today will contain financial measures such as PNOI and

AppFolio (APPF - Free Report) came out with quarterly earnings of $1.71 per share, beating the Zacks Consensus Estimate of $1.67 per share. This compares to earnings of $1.38 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +2.40%. A quarter ago, it was expected that this property management software maker would post earnings of $1.44 per share when it actually produced earnings of $1.61, delivering a surprise of +11.81%.

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

AppFolio, which belongs to the Zacks Internet - Software industry, posted revenues of $281.12 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.50%. This compares to year-ago revenues of $235.57 million. The company has topped consensus revenue estimates four 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.

AppFolio shares have lost about 30.3% since the beginning of the year versus the S&P 500's gain of 9.6%.

What's Next for AppFolio?While AppFolio 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 AppFolio 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 $1.71 on $291.71 million in revenues for the coming quarter and $6.75 on $1.12 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, Internet - Software is currently in the bottom 39% 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.

Quantum Computing Inc. (QUBT - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026.

This company is expected to post quarterly loss of $0.05 per share in its upcoming report, which represents a year-over-year change of +16.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Quantum Computing Inc.'s revenues are expected to be $4.7 million, up 7733.3% from the year-ago quarter.

LAUSANNE, Switzerland & SAN JOSE, Calif.--(BUSINESS WIRE)--Logitech Publishes Annual Report for Fiscal Year 2026.

Sean Leary Named Head of Consumer Servicing Operations for the Auto Finance Business

, /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) today announced that Sean Leary has been named Head of Consumer Servicing Operations for the Auto Finance business. In this critical, enterprise-focused role, Leary will report to Doug Timmerman, President of Dealer Financial Services.

Leary most recently served as Ally's Chief Financial Planning and Investor Relations Officer, where he led corporate financial planning and analysis, line-of-business finance activities, procurement and investor relations, where he was responsible for Ally's engagement with the investor and analyst community. Since joining Ally in 2008, he has developed broad expertise across finance, balance sheet management, capital management, and procurement. Leary brings a strong track record of enterprise leadership, financial discipline, and broad business acumen developed over his tenure at Ally.

Investor Relations will be led by Dan Ignacio, Executive Director of Investor Relations & Corporate FP&A, reporting to Russ Hutchinson, Chief Financial Officer. Ignacio has spent more than 11 years at Ally, entirely within the CFO Group, including two separate stints in Investor Relations as well as in roles across Auto and Corporate FP&A.

"I've worked closely with Sean throughout my time in the CFO organization and have great respect for how he leads – with discipline, partnership, and genuine care for the people around him," said Russ Hutchinson, Chief Financial Officer. "Beyond his financial expertise, Sean has been a strong contributor to Ally's culture and to developing the next generation of talent in our organization. I look forward to seeing him bring that same leadership to this new role in dealer financial services. He leaves Investor Relations in excellent hands with Dan, who leads a strong, experienced team well-positioned to continue delivering for our investors and the analyst community."

Leary will transition to the new role over the next few weeks.

About Ally Financial
Ally Financial Inc. (NYSE: ALLY) includes the nation's largest all-digital bank and auto finance business, driven by a mission to "Do It Right" for its customers and communities. Ally is a U.S. financial holding company with $200 billion in assets and 9.6 million customers (June 30, 2026). Ally Bank, Member FDIC, offers online banking products, including high-yield savings and no hidden fee checking, and was the first major U.S. bank to eliminate overdraft fees. Ally also provides investing solutions through Ally Invest, including online brokerage, automated investing, IRAs and personal financial advice. As a leader in auto finance, Ally provides consumer and dealer financing, insurance, and vehicle remarketing services. Ally's seasoned corporate finance business provides capital to equity sponsors and middle-market companies. Visit ally.com.

Contacts:

Dan Ignacio
Ally Investor Relations
704-444-5107
[email protected] 

Peter Gilchrist
Ally Communications (Media)
704-644-6299
[email protected]

SOURCE Ally Financial

, /PRNewswire/ -- Uranium Energy Corp (NYSE American: UEC) (the "Company" or "UEC") is pleased to announce the following results of the Company's recent annual meeting of stockholders held on July 23, 2026 (the "AGM"):

Amir Adnani, Spencer Abraham, David Kong, Vincent Della Volpe, Gloria Ballesta and Trecia Canty were elected to the Board of Directors of the Company; The appointment of PricewaterhouseCoopers LLP, Chartered Professional Accountants, was ratified as the Company's independent registered accounting firm for the fiscal year ending July 31, 2026; and The Company's non-binding vote on the compensation of its named executive officers was approved. For complete results on all matters voted on at the AGM, please see the Company's Current Report on Form 8-K filed on EDGAR at www.sec.gov.

Following the AGM the following Executive Officers of the Company were re-appointed by the Board of Directors of the Company:

Amir Adnani:           President and Chief Executive Officer;

Josephine Man:      Chief Financial Officer, Treasurer and Secretary;

Scott Melbye          Executive Vice President; and

Brent Berg              Senior Vice President, U.S. Operations.

About Uranium Energy Corp

Uranium Energy Corp is America's largest and fastest growing uranium company. The Company controls the largest uranium resource base and the most licensed production capacity in the United States, totaling approximately 12 million pounds per year across its Wyoming and South Texas platforms. In Canada, the Company controls one of the most extensive land and resource portfolios in the Athabasca Basin, anchored by the Roughrider Project in Saskatchewan. Through its wholly owned subsidiary, United States Uranium Refining & Conversion Corp, UEC is pursuing domestic refining and conversion capabilities to further strengthen the U.S. nuclear fuel supply chain. UEC maintains a 100% unhedged uranium strategy, providing full exposure to uranium market fundamentals. The Company is managed by professionals with decades of experience across uranium exploration, development, production and fuel cycle infrastructure.

Stock Exchange Information:
NYSE American: UEC
WKN: AØJDRR
ISN: US9168961038

SOURCE Uranium Energy Corp

The logo of GE Healthcare is seen on their plant in the IDA (Industrial Development Agency) estate, in Carrigtwohill, County Cork, Ireland March 28, 2025. REUTERS/Clodagh Kilcoyne Purchase Licensing Rights, opens new tab

CompaniesJuly 23 (Reuters) - GE HealthCare's (GEHC.O), opens new tab Chief Financial Officer Jay Saccaro will step down from his role to ​pursue an opportunity outside the medical technology industry, the ‌company said on Thursday, and also reported preliminary second-quarter results.

The medical device maker named its current controller and chief accounting officer George ​Newcomb as interim CFO while it looks for a ​permanent replacement. Saccaro will remain with the company ⁠through August 14 to help with the handover.

Keep up with the latest medical breakthroughs and healthcare trends with the Reuters Health Rounds newsletter. Sign up here.

Finance leadership reshuffles ​are taking place across the broader healthcare industry. Pfizer (PFE.N), opens new tab named an interim ​finance chief in June after Dave Denton announced his departure, and Baxter International (BAX.N), opens new tab appointed an interim CFO in March following Joel Grade's exit.

GE HealthCare ​said it expects second-quarter revenue to increase 5.7% from ​a year earlier, or 3.5% on an organic basis, while it reaffirmed ‌its ⁠full-year forecast.

Quarterly diluted and adjusted earnings are expected to come in higher than a year ago and above what the company had forecast earlier, GE HealthCare said.

The Chicago-based firm ​previously lowered its full-year ​profit forecast ⁠when it reported first-quarter results, citing persistent inflation in memory-chip, oil and freight costs as ​well as tariff-related pressures stemming from the ​Middle East ⁠conflict.

Newcomb brings more than three decades of finance experience to the interim role, the company said. He has been its ⁠controller ​since 2016 and took on the ​chief accounting officer position when the firm spun off from General Electric in ​2023.

Reporting by Padmanabhan Ananthan in Bengaluru; Editing by Pooja Desai

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

LRN: Great Value Opportunity After Cataclysmic Price Drop

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek US Holdings, Inc. (NYSE:DK) (“Delek”) today announced that its Board of Directors has approved a quarterly dividend of $0.255 per share, to be paid on August 10, 2026, to shareholders of record on August 3, 2026.About Delek US Holdings, Inc.Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, and pipelines. The refining assets consist primarily of refineries operated in Tyler and Big Spring, Texa.

Graco NYSE: GGG reported record second-quarter sales and earnings for fiscal 2026, with management pointing to improving order trends, stronger backlog and growth across all three business segments as reasons for confidence in the second half of the year.

President and Chief Executive Officer Mark Sheahan said the company delivered second-quarter sales of $591 million, reflecting growth across Contractor, Industrial and Expansion Markets, along with margin expansion driven by “disciplined expense management and operational execution.” Organic orders rose 5% during the quarter, while the most recent six-week booking average was up 14% from a year earlier. Backlog as of July 17, excluding acquisitions, was up $57 million, or 28%, from the beginning of the year.

Get Graco alerts:

“Together, these positive trends give us confidence in a stronger second half,” Sheahan said.

Adjusted Earnings Rise 17% Chief Financial Officer and Treasurer Sanjiv Gupta said reported second-quarter sales increased 3% from the prior year to $591 million. Acquisitions contributed 3 percentage points of growth and currency translation added 1 point, partially offset by a 1% decline in organic sales. Gupta attributed the organic decline primarily to the timing of finishing systems revenue in the Industrial segment.

Reported net earnings were $145 million, or $0.87 per diluted share, up 14% from the prior-year period. Adjusted earnings per share, excluding acquisition-related costs, amortization of acquired intangible assets and certain tax items, were $0.91, up 17% year over year.

Gross margin increased 130 basis points from the year-ago quarter. Gupta said the improvement reflected price realization, better manufacturing performance and the favorable impact of $9 million in tariff refunds, net of related surcharges. Operating expenses were “essentially flat” despite inflation and the addition of acquired businesses, helping operating earnings rise 11% and lifting operating margin to 30% of sales from 26% a year earlier.

Through the first six months of the year, Graco generated $298 million in operating cash flow. The company repurchased 4.2 million shares for approximately $331 million, paid $98 million in dividends and invested $29 million in capital expenditures, including strategic facility expansion projects.

Contractor Segment Sees Broad-Based Improvement Graco’s Contractor segment posted record sales and earnings in the quarter, with revenue up 4%. Sheahan said organic sales were higher across both paint and home center markets in the Americas for the first time in nearly two years.

The improvement was supported by greater stability in core markets, including North American residential repaint and remodel activity, better channel sell-through, stronger customer engagement and targeted commercial programs. Sheahan also highlighted continued demand in protective coatings and foam, which he described as more global and application-driven parts of the business. Those areas benefited from commercial construction, infrastructure and industrial projects, including investments tied to data centers, energy and manufacturing.

New product introductions also remained a focus. Sheahan cited the next generation of QuickShot, the ProReach extension system and autonomous and semi-autonomous striping solutions as products aimed at improving productivity, reducing labor needs, minimizing material waste and delivering more consistent results.

In response to an analyst question, Sheahan said he was “hopeful that we’ve kind of seen the worst” of the macro conditions facing the Contractor business in recent years, though he added that it was still early.

Industrial Demand Improves, With Powder Timing Still a Factor Industrial segment sales increased 3% in the quarter. Sheahan said the segment benefited from better activity in process manufacturing, machinery manufacturing, general industrial applications, semiconductor-related investment and continued adoption of electrified product platforms. He also cited healthy demand in day-to-day industrial applications, including maintenance, repair and operations channels.

The segment faced anticipated headwinds from lower organic powder finishing systems sales due to the timing of order acceptance, which management expects to occur in the second half. Asia was slower to start the year, with China affected by prior-year pull-forward activity ahead of tariff-related pricing actions and softer automotive demand.

Organic orders in Industrial improved through the quarter, with bookings up 3% year to date through July 17 and up 11% over the most recent six-week period from the prior year. Sheahan said easier comparisons in powder finishing and healthy backlog support expectations for stronger performance in the back half of the year.

Asked about general industrial conditions, Sheahan said growth in the legacy Graco Industrial business was broad-based and in line with the company’s low-single-digit organic growth guide for the full year. He said any first-half organic pressure was tied mainly to powder, where comparisons should ease.

Expansion Markets Led by Semiconductor Demand Expansion Markets sales grew 3%, with growth across all key businesses. Semiconductor demand remained a major driver, particularly in Asia-Pacific, supported by ongoing investment in semiconductor manufacturing capacity.

Bookings in Expansion Markets increased 58% in the quarter and were up 33% year to date. The most recent six-week average was up 36%, and backlogs remained strong.

Sheahan said semiconductor can be a “pretty lumpy end market,” but current signs suggest the strength is sustainable in the near term. He said momentum should last through the end of the year and likely into next year, supported by investment tied to artificial intelligence and semiconductor capacity.

Valco Melton Acquisition and Outlook In May, Graco announced the acquisition of Valco Melton, which Sheahan described as one of the company’s largest acquisitions in more than a decade. He said Valco Melton adds complementary technology, products and customer relationships in the packaging dispense market.

During the question-and-answer session, Sheahan said Valco Melton has gross margins of 50% or more and that more than half of its business is parts and accessories. Chris Knutson, vice president, chief accounting officer and controller, said Valco Melton’s referenced 9% revenue compound annual growth rate was organic. Knutson also said the company has about five manufacturing locations, with the rest of its 27-location footprint consisting of sales and service offices.

Graco maintained its full-year outlook and introduced third-quarter revenue guidance of $580 million to $600 million, excluding Valco Melton, which is expected to close during the third quarter. Sheahan said the decision to provide quarterly sales guidance reflected improved visibility and was intended to be an ongoing practice rather than a one-quarter change.

Gupta said currency is expected to provide approximately a 1% favorable impact on both full-year sales and earnings at current exchange rates. The company now expects unallocated corporate expenses of $39 million to $42 million, capital expenditures of $90 million to $100 million and an adjusted effective tax rate of 20% to 21% for the full year.

On pricing, Gupta said Graco’s price-cost position remains positive and that the company plans to stick with its historical cadence of introducing price increases at the beginning of the year. He said realized pricing this year has been roughly 1.5% to 2%.

Management also reiterated its balanced capital allocation strategy. Gupta said Graco will prioritize organic growth, strategic acquisitions that meet financial and strategic thresholds, and returns to shareholders through dividends and opportunistic share repurchases.

About Graco (NYSE:GGG)Graco Inc is a leading manufacturer of fluid handling systems and components, headquartered in Minneapolis, Minnesota. Founded in 1926, the company has built a reputation for innovation in spray finishing, lubrication, and fluid management technologies. Graco's solutions are designed to address the needs of paint and coatings applicators, general industry, and process fluids in a variety of end markets.

The company's product portfolio includes airless and air-assisted spray equipment, pumps for oil and gas applications, industrial lubrication systems, and automated dispensing equipment.

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 Graco Right Now?Before you consider Graco, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Graco wasn't on the list.

While Graco currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.

Get This Free Report

By PYMNTS  |  July 23, 2026

 | 

Grocery chain Albertsons is predicting slightly weaker sales amid more cautious lower-income consumer spending.

The company on Thursday (July 23) released earnings showing the company lowering its guidance for the fiscal year, projecting decreases of 1.5% to 0.5%, compared to an earlier forecast of flat sales to a 1% increase. CEO Susan Morris said this is happening as shoppers switch to private label products.

“We’re seeing a shift to value packaging, trade-downs,” she said during an earnings call. “I think we’ve talked about this before in certain commodities, and again, it’s a very bifurcated situation. Lower-income customers are shifting more to cheaper proteins, as an example.”

Higher-income shoppers, meanwhile, appear more resilient, though the company is also dealing with higher supplier prices.

Research by PYMNTS Intelligence shows that while many consumers are feeling economic pressure, they aren’t always ready to cut back.

Eighty-three percent of consumers surveyed by PYMNTS say that everyday prices increased, while close two-thirds said external forces were affecting the U.S. economy a great deal or a lot.

In addition, 58% said they expect larger economic forces to impact their personal finances over the next six months, though only 38% planned to cut spending in the next three months.

“At first glance, those numbers seem difficult to reconcile. If consumers remain worried about prices and the economy, why aren’t more preparing to cut back?” PYMNTS wrote.

“The answer may be that households are not making spending decisions according to the categories used by economists, merchants or card issuers. They are making them according to their own priorities.”

Meanwhile, Albertsons said its digital efforts and loyalty programs remain important factors in driving growth and customer engagement, with digital sales up 13% for the quarter with penetration climbing to nearly 10.5%.

“Our loyalty ecosystem continues to scale personalization and we’re seeing clear behavioral benefits,” Morris said. “Engaged members shop more frequently and with higher average baskets than non-members, contributing meaningfully to both sales growth and customer lifetime value. Execution remains strong across our fulfillment network again this quarter.”

The fastest growing segment of the company’s digital business is still its flash delivery service, the CEO said, with Albertsons’ eCommerce unit profitable during the first quarter.

“This milestone demonstrates that we are successfully growing digital sales while improving the underlying economics of the platform and creating a business that can generate profitable growth over time,” Morris added.

Consumer-Driven Stocks Boost Buybacks, Including Visa's $20B PlanBoyd Gaming NYSE: BYD reported comparable second-quarter growth as strength in its Midwest and South properties, online operations and managed business helped offset continued softness tied to Las Vegas destination travel and construction disruption at Suncoast.

President and Chief Executive Officer Keith Smith said companywide revenue rose 3% and EBITDA increased 2% in the quarter when adjusted for the impact of last year’s FanDuel transaction and tax pass-through amounts related to market access agreements. Smith said the quarter reflected “the continued benefits of our diversified business model,” ongoing capital investment and growth across customer segments.

Get Boyd Gaming alerts:

Could This Entertainment Stock be the Belle of the Gaming Ball?Boyd maintained property operating margins of 40%, which Smith said was consistent with recent years. He added that trends from the second quarter had continued into the first three weeks of July.

Midwest and South Segment Leads Growth Boyd’s Midwest and South segment delivered one of the strongest performances in the quarter. Smith said revenue in the segment grew 3%, led by gaming revenue, while EBITDA increased 4%. Property margins expanded to nearly 38%, the segment’s highest level in almost two years.

Boyd Gaming stock: All signs point to a significant break higherSmith attributed the performance to growth from both core and retail customers, saying guests “continue to stay and spend closer to home.” He also pointed to recent hotel renovations, new food and beverage offerings and larger investments at properties such as Treasure Chest and Ameristar St. Charles.

During the question-and-answer session, Smith said Boyd has seen customers spending closer to home for several quarters, particularly in the Midwest and South portfolio. He cited a mix of possible consumer factors, including airfares, inflation, gas prices, tax refunds and stock market gains, but said Boyd could only report that it was seeing growth from core and retail customers in that segment.

Las Vegas Locals Mixed as Suncoast Renovations Continue Boyd’s Las Vegas Locals segment remained pressured by two factors: softer destination business, primarily affecting the Orleans, and ongoing construction at Suncoast. Overall gaming revenue in the segment was even with the prior year, with stable play from core and retail customers.

Excluding the Orleans and Suncoast, Smith said the rest of the Las Vegas Locals portfolio generated 4% revenue growth, 3% EBITDA growth and margins above 50%. He said that performance reflected “the continued strength of our local customer.”

Chief Financial Officer Josh Hirsberg said the destination-business impact was about $5 million of EBITDAR in the quarter, consistent with levels Boyd has seen since the third quarter of last year. He said the company does not expect those trends to quickly turn positive as comparisons ease, but expects the impact to become “less bad,” estimating roughly $3 million in each of the third and fourth quarters.

Hirsberg also said Suncoast construction disruption had an estimated $3 million impact in the second quarter and should be similar in the third quarter before the property begins contributing more in the fourth quarter. Smith said renovations of the Suncoast casino floor and public areas are expected to be completed by the end of the third quarter.

Boyd is also planning a refresh of the Orleans casino floor and public spaces, expected to begin in the first half of next year. Smith said the initial work would be behind walls and should not create construction disruption in 2027. He also said the company expects no construction disruption at Suncoast in 2027.

Capital Projects Remain Central to Boyd’s Strategy Smith highlighted a broad investment program across Boyd’s Las Vegas portfolio, including new restaurants at Gold Coast, Sam’s Town and Suncoast, additional food and beverage concepts planned in the coming months, hotel renovations at the Orleans and Suncoast expected to be completed by year-end, and sportsbook updates at Sam’s Town and Aliante ahead of football season.

By early next year, Smith said Boyd expects to have renovated more than 70% of its Las Vegas hotel room inventory, introduced 17 new food and beverage concepts, and expanded its Southern Nevada presence with Cadence Crossing and Suncoast improvements. He said Cadence Crossing, which opened in late March, has seen strong visitation and revenue since its debut.

Beyond Las Vegas, Boyd’s Norfolk, Virginia, resort remains on time and on budget for a late 2027 opening, according to Smith. The project is expected to include a 65,000-square-foot casino, 200-room hotel, eight food and beverage outlets, live entertainment and an outdoor amenity deck. In response to an analyst question, Hirsberg said Boyd generally targets a 15% cash-on-cash return for a project like Virginia as it ramps from the first to second year.

The company is also in the design phase for modernization of the Par-A-Dice Casino in Illinois and is planning, subject to regulatory approval, to convert Amelia Belle in Louisiana to a land-based facility with a modern casino floor and enhanced food and beverage offerings. Smith said construction on Amelia Belle is expected to begin in late 2027 after design work is complete.

Online and Managed Businesses Lift Guidance Boyd’s online segment delivered comparable revenue and EBITDA growth, supported by Boyd Interactive and consistent contributions from market access agreements. Hirsberg said the company raised its full-year 2026 online segment guidance by $5 million to a range of $35 million to $40 million.

The managed business grew EBITDA 18% year over year, driven by the first phase of the Sky River expansion, which added casino floor space and a multi-level parking structure. Boyd raised full-year managed business guidance by $3 million to a range of $113 million to $117 million. Smith said the second phase of the Sky River project has begun and will add a 300-room hotel, three food and beverage outlets, a full-service spa and an entertainment and event center, with completion expected in early 2028.

Shareholder Returns and Balance Sheet Boyd invested $142 million in capital expenditures during the quarter, bringing year-to-date spending to $297 million. Hirsberg said the company remains on track for full-year capital expenditures of $650 million to $700 million, including maintenance capital, hotel remodel spending, growth capital and $300 million for the Virginia casino resort development.

During the second quarter, Boyd paid $15 million in dividends and repurchased $156 million of stock, buying 1.9 million shares at an average price of $83.60. Hirsberg said Boyd plans to continue repurchasing approximately $150 million in shares per quarter, putting the company on pace to return more than $650 million to shareholders this year, including dividends.

Since beginning its capital return program in late 2021, Boyd has returned more than $3 billion to shareholders and reduced its share count by 35%, Hirsberg said. The company ended the quarter with traditional leverage of 2.2 times and lease-adjusted leverage of 2.7 times. Boyd’s next debt maturity is in December 2027, which Hirsberg said the company intends to refinance later this year or in the first half of 2027.

Hirsberg also noted that Boyd expects to complete the previously announced sale of its Shreveport property by the end of July. On mergers and acquisitions, Smith said Boyd remains interested in opportunities but does not need to pursue deals, adding that any acquisition would need to be strategic and involve the right asset, market and price.

About Boyd Gaming (NYSE:BYD)Boyd Gaming Corporation NYSE: BYD is a diversified hospitality and gaming company headquartered in Las Vegas, Nevada. The company develops, owns and operates a portfolio of branded gaming and entertainment properties, including casinos, hotels, restaurants and meeting facilities. Boyd Gaming's offerings range from slot machines and table games to live entertainment, dining concepts and convention space, designed to appeal to both regional and destination visitors.

Founded in 1975 by its namesake, William S.

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 Boyd Gaming Right Now?Before you consider Boyd Gaming, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Boyd Gaming wasn't on the list.

While Boyd Gaming currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The AI wave will soon hit public markets with Anthropic and OpenAI set to go public later this year. However, you don't have to wait to invest. This report shows seven AI stocks that you can buy today while the big model providers get ready to go public.

Get This Free Report

TYSONS, Va.--(BUSINESS WIRE)--Alarm.com Holdings, Inc. (Nasdaq: ALRM), the leading platform for intelligently connected properties, today announced that it will report 2026 second quarter financial results after the market close on August 6, 2026. Management will host a conference call and webcast to discuss the company's financial results at 4:30 p.m. ET that same day. To participate, please click here to pre-register for the conference call and obtain your dial-in number and individual passco.

New York, New York--(Newsfile Corp. - July 23, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Verra Mobility Corporation (NASDAQ: VRRM) between February 24, 2026 and May 26, 2026, inclusive (the "Class Period"), of the important August 4, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Verra 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 Verra class action, go to https://rosenlegal.com/cases/verra-mobility-corporation-2026/join 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 August 4, 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 handle 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 has achieved 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 billions 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: According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Verra's relationship with Avis Budget Group ("Avis"), and in particular obtaining a contract extension with Avis. Further, Verra minimized concerns that major rent-a-cars could replace Verra with in-house solutions or outsourced alternatives. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Verra class action, go to https://rosenlegal.com/cases/verra-mobility-corporation-2026/join or 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/306362

Source: The Rosen Law Firm PA

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

Fulton Financial Corporation (FULT) Q2 2026 Earnings Call Transcript

, /PRNewswire/ -- Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Primoris Services Corporation (NYSE: PRIM) securities between August 5, 2025 and June 22, 2023. Primoris is an infrastructure services company that provides engineering, procurement, construction, and maintenance services to customers in the utilities, energy, and infrastructure markets.

For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.

The Allegations: Robbins LLP is Investigating Allegations that Primoris Service Corporation (PRIM) Misled Investors About its Ability to Properly Forecast Costs and Expected Profitability of its Renewable Energy Projects

According to the complaint, during the class period, defendants recklessly disregarded that: (i) Primoris' cost estimation, cost-to-complete forecasting, and project oversight processes were deficient and failed to provide reliable estimates of the costs and expected profitability of significant fixed-price renewable energy projects; (ii) as a result, Primoris systematically underestimated the costs and risks of significant fixed-price renewable energy projects that were experiencing material cost overruns, execution problems, and schedule delays; and (iii) accordingly, defendants' statements regarding the Company's estimating processes, project execution, ability to manage project risk, financial performance, and financial guidance lacked a reasonable basis and omitted material adverse facts.

Plaintiff alleges that the truth was revealed through a series of disclosures between February 23, 2026 and June 22, 2026, culminating in Primoris' announcement that an internal review, supported by an independent third-party industry expert, had identified significant cost overruns, project delays, and execution challenges affecting six renewable energy projects. The Company sharply reduced its 2026 financial guidance and Renewables revenue outlook and announced the resignation of defendant Kinch as Chief Operating Officer. On this news, Primoris' stock price fell 21.6%, from $108.34 to $84.95.

What Now: You may be eligible to participate in the class action against Primoris Service Corporation. Shareholders who wish to serve as lead plaintiff for the class have until September 21, 2026, to file a lead plaintiff motion. The lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses. 

About Robbins LLP: A recognized leader in shareholder rights litigation, Robbins LLP has helped restore more than $1 billion in value to shareholders, secured some of the largest recoveries in shareholder derivative litigation history, and achieved governance reforms at over 400 Fortune 1000 companies.

"Behind everything we do is the belief that companies should be governed responsibly, fiduciaries should be held accountable, and shareholders deserve transparency and fairness," said Brian J. Robbins, Founding Partner of Robbins LLP.

To be notified if a class action against Primoris Service Corporation settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

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

SOURCE Robbins LLP