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, /PRNewswire/ -- QuidelOrtho Corporation (Nasdaq: QDEL), a global leader of in vitro diagnostics, has released episode 59 of its Science Bytes podcast examining how the drug overdose landscape continues to evolve and what laboratory and emergency department professionals need to know to support patient care. Based on new guidance from the Association for Diagnostics and Laboratory Medicine (ADLM), the episode explores the growing complexity of toxicology testing amid counterfeit medications, polysubstance use and emerging synthetic opioids.

QuidelOrtho Science Bytes | Episode 59 Hosted by Josh Casey, the episode features Vonda McAllister, Director of Global Product Management at QuidelOrtho. Together, they discuss encouraging declines in overdose mortality while highlighting the ongoing challenges facing clinicians and laboratorians as the illicit drug supply becomes increasingly unpredictable.

Key Insights:

U.S. overdose deaths declined for a third consecutive year in 2025, signaling progress in the fight against the opioid crisis Counterfeit medications remain a significant threat, with millions of fentanyl-laced pills seized annually Polysubstance use is increasingly common, creating more complex clinical presentations for patients Emerging synthetic opioids such as nitazenes are attracting attention due to their potency and limited detectability in routine screening New ADLM guidance emphasizes collaboration between laboratories and emergency departments to improve toxicology testing and interpretation Despite progress in reducing overdose deaths, the discussion underscores that the crisis has not disappeared. Instead, it has evolved into a broader challenge requiring ongoing awareness, education and collaboration across the healthcare continuum.

The episode also highlights the critical role laboratories play in helping clinicians understand toxicology results, select appropriate testing strategies and make informed patient care decisions in rapidly changing drug environments.

Listen to the latest episode of the QuidelOrtho Science Bytes podcast on major streaming platforms or at: https://www.quidelortho.com/global/en/resources/podcasts/quidelortho-science-bytes 

About QuidelOrtho Corporation
With expertise spanning clinical chemistry, immunoassay, immunohematology and molecular testing, QuidelOrtho Corporation (Nasdaq: QDEL) is a leading global provider of diagnostic solutions, dedicated to advancing fast, accurate and reliable results that help improve patient outcomes – from the point of care to hospital, lab to clinic. Building on a legacy of innovation, QuidelOrtho works with healthcare providers to advance diagnostics that connect insights with solutions, defining a clearer path for informed decisions and better care.

Investor Contact: 
Juliet Cunningham
Vice President, Investor Relations
[email protected]

Media Contact: 
Stephanie Kleewein
Senior Corporate Communication and PR Manager
[email protected]

SOURCE QuidelOrtho Corporation

Baader Bank Aktiengesellschaft purchased a new stake in shares of United Rentals, Inc. (NYSE:URI – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 547 shares of the construction company’s stock, valued at approximately $385,000.

Other hedge funds also recently added to or reduced their stakes in the company. Beacon Investment Advisory Services Inc. grew its stake in shares of United Rentals by 1,358.7% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 8,227 shares of the construction company’s stock worth $6,658,000 after acquiring an additional 7,663 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in United Rentals by 18.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,756 shares of the construction company’s stock worth $9,514,000 after purchasing an additional 1,846 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in United Rentals by 52.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,241 shares of the construction company’s stock worth $2,623,000 after purchasing an additional 1,109 shares during the period. Addenda Capital Inc. grew its position in United Rentals by 21.3% in the 4th quarter. Addenda Capital Inc. now owns 16,739 shares of the construction company’s stock worth $13,547,000 after purchasing an additional 2,939 shares during the period. Finally, Whittier Trust Co. raised its stake in United Rentals by 2.6% during the 4th quarter. Whittier Trust Co. now owns 61,408 shares of the construction company’s stock valued at $54,782,000 after buying an additional 1,529 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals News Summary Here are the key news stories impacting United Rentals this week:

Positive Sentiment: United Rentals reported Q2 EPS of $12.76, beating Wall Street estimates, while revenue of $4.41 billion also topped forecasts. United Rentals (URI) Beats Q2 Earnings and Revenue Estimates Positive Sentiment: The company said quarterly results were record highs for revenue, rental revenue, EPS, and adjusted EBITDA, signaling continued demand in its core equipment rental business. United Rentals jumps after record Q2 results and higher 2026 guidance Positive Sentiment: Management raised 2026 guidance, including higher revenue and adjusted EBITDA targets, which suggests stronger expected performance for the rest of the year. United Rentals jumps after record Q2 results and higher 2026 guidance Neutral Sentiment: Some older analyst commentary remained mixed, including a recent Barclays sell rating, but that appears to have been outweighed by the strong earnings beat and improved outlook. Barclays Gives a Sell Rating to United Rentals (URI) Wall Street Analysts Forecast Growth A number of equities analysts have recently issued reports on the company. Morgan Stanley raised their price target on United Rentals from $1,030.00 to $1,165.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. JPMorgan Chase & Co. increased their target price on United Rentals from $1,050.00 to $1,100.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Sanford C. Bernstein set a $903.00 target price on United Rentals and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Weiss Ratings downgraded United Rentals from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 9th. Finally, Royal Bank Of Canada increased their price objective on shares of United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Fourteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and an average target price of $1,140.00.

View Our Latest Report on United Rentals

Insider Activity In related news, EVP Craig Adam Pintoff sold 2,466 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $963.00, for a total value of $2,374,758.00. Following the completion of the transaction, the executive vice president owned 14,774 shares of the company’s stock, valued at approximately $14,227,362. This represents a 14.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Joli L. Gross sold 306 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $954.99, for a total value of $292,226.94. Following the completion of the sale, the senior vice president owned 5,738 shares of the company’s stock, valued at $5,479,732.62. The trade was a 5.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,088 shares of company stock worth $25,628,877 in the last quarter. Corporate insiders own 0.47% of the company’s stock.

United Rentals Price Performance NYSE URI opened at $1,034.28 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,143.69. The stock has a market cap of $64.80 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 1.62 and a beta of 1.79. The company’s 50 day moving average is $1,045.86 and its two-hundred day moving average is $915.44.

United Rentals (NYSE:URI – Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, topping analysts’ consensus estimates of $11.53 by $1.23. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.22 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $10.47 earnings per share. As a group, research analysts anticipate that United Rentals, Inc. will post 46.85 earnings per share for the current year.

About United Rentals (Free Report)

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.

Featured Stories Five stocks we like better than United Rentals Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play

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Cellgenic Launches Regulated Commercial Operations in Argentina, Creating a Platform for Biologics Distribution, Physician Education, and Regional Expansion Across Latin America

MIAMI, FL / ACCESS Newswire / July 23, 2026 / Regenerative Medical Technologies Group,Inc. (OTCID:RMTG) ("RMTG" or the "Company"), throughits wholly owned subsidiary Global Stem Cells Group and its commercial division Cellgenic, today announced a strategic expansion of its Latin American operations with the establishment of Cellgenic's commercial platform in Argentina.

Strategic Rationale

The expansion follows the completion of regulatory and operational milestones that allow Cellgenic to commercialize qualifying biologicand regenerative medicineproducts through licensed medical practitioners in compliance with applicable Argentine regulations.

The Company believes this represents a significant strategic initiative in Cellgenic's international growth strategy and positions Argentinato become one of its principal operating hubs for South America.

"Argentina represents a unique opportunity for Cellgenic," said David Christensen, Chief Executive Officer of Regenerative Medical Technology Group. "The combination of scientific talent, established clinical infrastructure, and a supportive regulatory framework creates an environment where we believe we can significantly expand physician access to advanced regenerative medicineproducts while buildinga scalable commercial operation throughout the region."

Unlike many markets where regulatory uncertainty has limited physician adoption of regenerative medicine products, Cellgenic's operational platform is designed to provide physicians with compliant access to high-quality biologic products supported by education, technical resources, and commercial infrastructure.

Expansion Highlights

As part of the expansion, Cellgenic expects to:

Expand its commercial sales organization throughout Argentina;

Conduct physician educationconferences, workshops and certification programsin collaboration with ISSCA;

Develop new clinicalcollaborations and scientific case studies;

Increase physicianadoption of regenerative medicine products;

Expand distribution capabilities throughout Argentina and neighboring Latin American markets; and

Establish Argentina as one of Cellgenic's primaryregional centers for future growth.

Operational and Strategic Updates

The Company believes that regulatory compliance, physician education, and commercial infrastructure are criticalcomponents required for widespread adoptionof regenerative medicine technologies. By integrating these elements into a unified operating platform, Cellgenic seeks to accelerate market development while supporting physicians practicing within applicable regulatory guidelines.

This initiative also strengthens the strategic relationship between Cellgenic's commercial organization and ISSCA's physician education platform. Through conferences, advanced certification programs, and hands-on training events, the Company expects to significantly increase physician engagement while supporting continued adoption of regenerative medicine technologies.

Outlook

The Argentina expansion aligns with RMTG's broader strategy of building an integrated global regenerative medicine ecosystem that combines physician education, biologics commercialization, laboratory capabilities, and international distribution. The Company currently operates across more than 30 countries and continues expanding its commercial footprint through strategic regional hubs.

"We are not simply entering another country," added Christensen. "We are establishing the infrastructure necessary to support long-termphysician education, commercialization, scientific collaboration, and continued expansion throughout Latin America. We believe Argentina will become an important cornerstone of Cellgenic's international growth strategy for years to come."

About Cellgenic

Cellgenic, a division of Global Stem Cells Group and Regenerative Medical Technology Group (OTC: RMTG), develops and commercializes regenerative medicine technologies, biologics, cell therapy products, exosomes, peptides, and related medical solutions for physicians and clinics worldwide.

About Regenerative Medical Technology Group

Regenerative Medical Technology Group, Inc. (OTCID:RMTG) is a regenerative medicine company operating through Global Stem Cells Groupand its subsidiaries, combining physician

education, laboratory operations, biologics manufacturing, product commercialization, and digital healthcare technologies across an international network.Additional information about the Company's business, operations, and risks is available in its filings with the Securities and Exchange Commission.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, anticipated commercial expansion, future physician adoption, expected market opportunities, operational growth, revenuepotential, geographic expansion, and other statements that are not historical facts. Actual results may differ materially due to various risks and uncertainties, including regulatory developments in Argentina and other jurisdictions, market acceptance, operational execution, competitive conditions, economic factors, the Company's ability to maintain compliance with applicable regulations for its products, liquidity and capital resource constraints, debt obligations, and other risks detailed in the Company's filings with the Securities and Exchange Commission and OTC Markets.The Company undertakes no obligation to update these forward-looking statements except as required by law.

Some information in this document constitutes forward-looking statements or statements which may be deemed or construed to be forward-looking statements. The words "plan," "forecast," "anticipate," "estimate," "project," "intend," "expect," "should," "believe," and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to, known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (financial or operating) or achievements to differ from the future results, performance or achievements expressed or implied by such statements. All forward-looking statements attributable to Regenerative Medical Technologies Group, Inc. are expressly qualified in their entirety by the above-mentioned cautionary statement. The Company disclaims any obligation to update forward-looking statements contained herein to reflect actual results, changes in assumptions, or changes in other factors affecting such forward-looking statements.

Contact:

Investor Relations
Regenerative Medical Technology Group, Inc.
[email protected]
(800) 956-3935

###

SOURCE: Regenerative Medical Technology Group

NEW YORK--(BUSINESS WIRE)---- $PODD #ClassAction--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Insulet Corporation (“Insulet” or the “Company”) (NASDAQ: PODD) and reminds investors of the August 31, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The fir.

Posted by Defense World Staff on Jul 23rd, 2026

Allspring Global Investments Holdings LLC lessened its holdings in shares of International Paper Company (NYSE:IP – Free Report) by 62.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 324,716 shares of the basic materials company’s stock after selling 540,570 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.06% of International Paper worth $11,579,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in International Paper by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 64,357,913 shares of the basic materials company’s stock valued at $2,535,058,000 after buying an additional 310,834 shares in the last quarter. Capital International Investors increased its holdings in International Paper by 29.4% during the 4th quarter. Capital International Investors now owns 63,413,335 shares of the basic materials company’s stock worth $2,498,013,000 after purchasing an additional 14,422,616 shares in the last quarter. Capital Research Global Investors raised its stake in shares of International Paper by 0.4% in the 4th quarter. Capital Research Global Investors now owns 54,535,444 shares of the basic materials company’s stock valued at $2,148,154,000 after purchasing an additional 204,654 shares during the period. State Street Corp raised its stake in shares of International Paper by 1.3% in the 4th quarter. State Street Corp now owns 30,009,733 shares of the basic materials company’s stock valued at $1,182,083,000 after purchasing an additional 397,673 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of International Paper by 81.6% in the fourth quarter. Franklin Resources Inc. now owns 14,832,952 shares of the basic materials company’s stock valued at $584,270,000 after purchasing an additional 6,663,986 shares in the last quarter. 81.95% of the stock is currently owned by institutional investors and hedge funds.

International Paper Trading Up 4.8% Shares of International Paper stock opened at $38.10 on Thursday. International Paper Company has a 12-month low of $29.26 and a 12-month high of $56.13. The company has a market capitalization of $20.17 billion, a price-to-earnings ratio of -5.99 and a beta of 0.94. The company has a quick ratio of 0.94, a current ratio of 1.21 and a debt-to-equity ratio of 0.55. The firm’s 50-day moving average price is $35.31 and its two-hundred day moving average price is $37.98.

International Paper (NYSE:IP – Get Free Report) last released its earnings results on Thursday, April 30th. The basic materials company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.03). International Paper had a negative return on equity of 0.49% and a negative net margin of 13.42%.The business had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the previous year, the company earned $0.17 earnings per share. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, analysts forecast that International Paper Company will post 1.39 earnings per share for the current fiscal year.

International Paper Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Friday, August 14th. International Paper’s dividend payout ratio (DPR) is presently -29.09%.

Analyst Ratings Changes Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on International Paper from $43.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Wells Fargo & Company raised their price target on shares of International Paper from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Seaport Research Partners upgraded shares of International Paper from a “neutral” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Friday, May 1st. Citigroup increased their target price on shares of International Paper from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, UBS Group cut their price objective on International Paper from $40.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, International Paper has an average rating of “Moderate Buy” and a consensus price target of $44.31.

View Our Latest Analysis on International Paper

Insider Buying and Selling at International Paper In related news, Director Scott Tozier purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $31.30 per share, with a total value of $313,000.00. Following the acquisition, the director owned 10,025 shares of the company’s stock, valued at $313,782.50. This trade represents a 40,000.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.21% of the company’s stock.

International Paper Company Profile (Free Report)

International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.

Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.

Featured Articles Five stocks we like better than International Paper Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play

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Posted by Defense World Staff on Jul 23rd, 2026

Andra AP fonden purchased a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 103,900 shares of the utilities provider’s stock, valued at approximately $4,484,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in CenterPoint Energy by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 82,381,128 shares of the utilities provider’s stock valued at $3,158,492,000 after acquiring an additional 719,803 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in CenterPoint Energy by 13.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 58,286,690 shares of the utilities provider’s stock worth $2,234,712,000 after purchasing an additional 6,794,535 shares in the last quarter. Capital Research Global Investors grew its stake in shares of CenterPoint Energy by 1.1% during the 4th quarter. Capital Research Global Investors now owns 20,941,909 shares of the utilities provider’s stock worth $802,916,000 after purchasing an additional 235,346 shares during the period. Geode Capital Management LLC grew its stake in shares of CenterPoint Energy by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 17,023,720 shares of the utilities provider’s stock worth $650,189,000 after purchasing an additional 166,305 shares during the period. Finally, Norges Bank purchased a new position in shares of CenterPoint Energy during the 4th quarter valued at approximately $343,925,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes CNP has been the subject of several analyst reports. Wall Street Zen cut shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Barclays raised their price target on shares of CenterPoint Energy from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Evercore set a $45.00 price objective on shares of CenterPoint Energy in a research report on Monday, May 4th. Bank of America lifted their price target on CenterPoint Energy from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Finally, Truist Financial lowered their price target on CenterPoint Energy from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $45.46.

Check Out Our Latest Stock Analysis on CNP

CenterPoint Energy Price Performance Shares of CenterPoint Energy stock opened at $43.71 on Thursday. The stock has a market capitalization of $28.60 billion, a P/E ratio of 26.82, a PEG ratio of 2.53 and a beta of 0.46. The business has a 50 day simple moving average of $43.06 and a two-hundred day simple moving average of $42.24. CenterPoint Energy, Inc. has a 12 month low of $36.59 and a 12 month high of $45.22. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.16 and a quick ratio of 1.04.

CenterPoint Energy (NYSE:CNP – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.02). CenterPoint Energy had a return on equity of 10.56% and a net margin of 11.38%.The firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the firm posted $0.53 earnings per share. As a group, analysts predict that CenterPoint Energy, Inc. will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, August 20th. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.2%. CenterPoint Energy’s payout ratio is currently 56.44%.

CenterPoint Energy Company Profile (Free Report)

CenterPoint Energy, Inc (NYSE: CNP) is a Houston-based regulated utility company that provides electric and natural gas delivery services and related infrastructure operations. The company’s principal activities center on the transmission and distribution of electricity in the greater Houston metropolitan area and the distribution of natural gas to customers across several states in the Midwest and South. As a vertically integrated utility, CenterPoint focuses on the reliable delivery of energy through owned and operated networks of lines, pipelines and associated facilities.

CenterPoint’s core businesses include regulated electric transmission and distribution services, regulated natural gas distribution, and the operation and maintenance of energy infrastructure.

Further Reading Five stocks we like better than CenterPoint Energy Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play

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Posted by Defense World Staff on Jul 23rd, 2026

Dimensional Fund Advisors LP boosted its stake in Bank OZK (NASDAQ:OZK – Free Report) by 0.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,625,660 shares of the company’s stock after purchasing an additional 38,592 shares during the period. Dimensional Fund Advisors LP owned approximately 5.92% of Bank OZK worth $304,045,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wasatch Advisors LP lifted its stake in shares of Bank OZK by 34.9% in the 3rd quarter. Wasatch Advisors LP now owns 7,437,646 shares of the company’s stock worth $379,171,000 after purchasing an additional 1,924,387 shares during the period. Norges Bank purchased a new stake in shares of Bank OZK in the 4th quarter worth $59,809,000. State Street Corp lifted its position in Bank OZK by 9.1% during the fourth quarter. State Street Corp now owns 6,556,105 shares of the company’s stock valued at $301,712,000 after purchasing an additional 546,785 shares in the last quarter. Fairholme Capital Management LLC grew its holdings in Bank OZK by 45.1% during the second quarter. Fairholme Capital Management LLC now owns 916,752 shares of the company’s stock valued at $43,142,000 after purchasing an additional 285,150 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new stake in Bank OZK in the third quarter worth about $13,014,000. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In Several equities research analysts recently issued reports on OZK shares. Wells Fargo & Company increased their target price on shares of Bank OZK from $50.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Morgan Stanley raised their target price on shares of Bank OZK from $54.00 to $56.00 and gave the company an “equal weight” rating in a research note on Monday, June 29th. Weiss Ratings raised Bank OZK from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. TD Cowen downgraded Bank OZK from a “buy” rating to a “hold” rating and set a $53.00 target price on the stock. in a research report on Monday, July 6th. Finally, Wall Street Zen upgraded Bank OZK from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $56.12.

Read Our Latest Analysis on OZK

Bank OZK Stock Performance Bank OZK stock opened at $50.97 on Thursday. The company’s 50-day moving average price is $49.87 and its 200-day moving average price is $48.25. Bank OZK has a twelve month low of $42.37 and a twelve month high of $53.66. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.14. The company has a market cap of $5.70 billion, a PE ratio of 8.42 and a beta of 0.89.

Bank OZK (NASDAQ:OZK – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.01. Bank OZK had a net margin of 24.95% and a return on equity of 11.94%. The firm had revenue of $430.02 million during the quarter, compared to the consensus estimate of $436.42 million. During the same quarter last year, the firm earned $1.47 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. On average, equities research analysts forecast that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Monday, July 13th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.8%. This is a boost from Bank OZK’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, July 13th. Bank OZK’s dividend payout ratio (DPR) is currently 31.27%.

Bank OZK declared that its board has authorized a stock buyback plan on Monday, June 29th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 3.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Trending Headlines about Bank OZK Here are the key news stories impacting Bank OZK this week:

Positive Sentiment: Bank OZK beat Q2 earnings estimates, helped by higher fee income and record deposits, which supports the view that the core franchise remains healthy. Bank OZK (OZK) Tops Q2 Earnings Estimates Positive Sentiment: Several research updates from Zacks Research raised future earnings estimates for Bank OZK, suggesting analysts see room for longer-term profit growth. Analyst estimate updates Neutral Sentiment: Bank OZK announced its second-quarter 2026 earnings and held a conference call, giving investors more detail on the quarter and outlook. Bank OZK Announces Second Quarter 2026 Earnings Neutral Sentiment: The company is expanding its footprint with a new Denton location offering financial services, a modest growth move that is unlikely to drive the stock by itself. Bank OZK to offer financial services at new Denton location Negative Sentiment: Despite the earnings beat, shares are facing pressure because Q2 net interest income was weaker and credit quality concerns clouded the otherwise solid results. Bank OZK Q2 Earnings Beat Estimates on Higher Fee Income, Shares Fall About Bank OZK (Free Report)

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.

Read More Five stocks we like better than Bank OZK Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play

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« PREVIOUS HEADLINEDimensional Fund Advisors LP Has $306.62 Million Stock Position in DT Midstream, Inc. $DTM

Posted by Defense World Staff on Jul 23rd, 2026

Dimensional Fund Advisors LP grew its stake in shares of NRG Energy, Inc. (NYSE:NRG – Free Report) by 1.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,191,133 shares of the utilities provider’s stock after purchasing an additional 21,666 shares during the period. Dimensional Fund Advisors LP owned about 1.02% of NRG Energy worth $320,145,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. McIlrath & Eck LLC grew its stake in shares of NRG Energy by 3.0% in the 4th quarter. McIlrath & Eck LLC now owns 2,361 shares of the utilities provider’s stock worth $376,000 after acquiring an additional 68 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of NRG Energy by 17.9% during the first quarter. Sound Income Strategies LLC now owns 455 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 69 shares in the last quarter. Independence Bank of Kentucky boosted its holdings in NRG Energy by 4.1% during the fourth quarter. Independence Bank of Kentucky now owns 1,798 shares of the utilities provider’s stock worth $286,000 after purchasing an additional 70 shares during the last quarter. Childress Capital Advisors LLC boosted its holdings in NRG Energy by 4.0% during the fourth quarter. Childress Capital Advisors LLC now owns 1,892 shares of the utilities provider’s stock worth $301,000 after purchasing an additional 72 shares during the last quarter. Finally, Hilton Head Capital Partners LLC increased its stake in NRG Energy by 50.0% in the 1st quarter. Hilton Head Capital Partners LLC now owns 219 shares of the utilities provider’s stock valued at $32,000 after buying an additional 73 shares during the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity In other news, VP Virginia Kinney sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $127.52, for a total value of $2,550,400.00. Following the sale, the vice president owned 45,111 shares of the company’s stock, valued at $5,752,554.72. The trade was a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by company insiders.

NRG Energy Stock Up 6.2% NRG Energy stock opened at $139.81 on Thursday. The firm has a 50 day moving average price of $135.24 and a 200-day moving average price of $149.04. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. NRG Energy, Inc. has a twelve month low of $120.11 and a twelve month high of $189.96. The company has a market capitalization of $29.50 billion, a P/E ratio of 164.48 and a beta of 1.21.

NRG Energy (NYSE:NRG – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.30). NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The firm had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $8.43 billion. During the same quarter in the previous year, the company posted $2.68 EPS. NRG Energy’s revenue for the quarter was up 19.5% on a year-over-year basis. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, equities analysts predict that NRG Energy, Inc. will post 8.89 EPS for the current year.

NRG Energy Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be paid a $0.475 dividend. The ex-dividend date is Monday, August 3rd. This represents a $1.90 annualized dividend and a dividend yield of 1.4%. NRG Energy’s dividend payout ratio (DPR) is presently 223.53%.

Wall Street Analysts Forecast Growth Several equities analysts have commented on the stock. Weiss Ratings raised shares of NRG Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 17th. Wells Fargo & Company increased their price target on NRG Energy from $203.00 to $209.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Barclays dropped their price target on NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Raymond James Financial set a $210.00 price objective on NRG Energy in a research report on Monday, April 27th. Finally, Scotiabank upped their price objective on NRG Energy from $223.00 to $226.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, NRG Energy currently has a consensus rating of “Moderate Buy” and an average price target of $199.93.

Get Our Latest Report on NRG

NRG Energy Company Profile (Free Report)

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.

See Also Five stocks we like better than NRG Energy Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play

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United Therapeutics Corporation (Nasdaq: UTHR), a public benefit corporation, announced today that the company's Board of Directors appointed Victor Dzau, M.D.,

MINNEAPOLIS--(BUSINESS WIRE)--The Board of Directors of Ameriprise Financial, Inc. (NYSE: AMP) has declared a quarterly cash dividend of $1.70 per common share payable on August 21, 2026 to shareholders of record at the close of business on August 3, 2026. At Ameriprise Financial, we have been helping people feel confident about their financial future for more than 130 years. With extensive investment advice, global asset management capabilities and insurance solutions, and a nationwide network.

BEDFORD, Mass., July 23, 2026 (GLOBE NEWSWIRE) -- Lantheus Holdings, Inc. (the “Company”) (NASDAQ: LNTH) today announced that it will host a conference call and webcast at 8:00 a.m. ET on Thursday, August 6, 2026, to discuss its financial results and provide a business update for the second quarter of 2026.

Super Micro Computer remains one of the cheapest AI exposure plays, despite recent underperformance. Preliminary guidance signals potential for significant revenue and bottom-line growth, reinforcing my Strong Buy rating. SMCI trades at a modest forward P/E, suggesting market concerns may already be priced in.

Posted by Defense World Staff on Jul 23rd, 2026

Aureus Asset Management LLC acquired a new stake in shares of Bloom Energy Corporation (NYSE:BE – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,549 shares of the company’s stock, valued at approximately $616,000.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. raised its position in Bloom Energy by 37.2% during the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after purchasing an additional 51 shares during the last quarter. Anchor Investment Management LLC bought a new stake in shares of Bloom Energy in the 1st quarter worth approximately $27,000. WPG Advisers LLC grew its position in shares of Bloom Energy by 26.4% in the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after buying an additional 67 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of Bloom Energy by 45.5% in the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock worth $28,000 after buying an additional 100 shares during the last quarter. Finally, Godsey & Gibb Inc. increased its stake in shares of Bloom Energy by 2,000.0% during the first quarter. Godsey & Gibb Inc. now owns 210 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the period. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In Several analysts recently weighed in on BE shares. Wall Street Zen upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Evercore reissued an “outperform” rating and issued a $350.00 price target on shares of Bloom Energy in a research note on Wednesday, July 1st. Robert W. Baird restated an “outperform” rating and issued a $310.00 price objective on shares of Bloom Energy in a report on Thursday, July 9th. Citigroup reaffirmed a “hold” rating on shares of Bloom Energy in a research report on Thursday, July 16th. Finally, JPMorgan Chase & Co. upped their target price on Bloom Energy from $267.00 to $346.00 and gave the stock an “overweight” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Bloom Energy currently has an average rating of “Hold” and an average price target of $254.00.

Get Our Latest Analysis on Bloom Energy

Insiders Place Their Bets In other news, CAO Maciej Kurzymski sold 2,259 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $288.62, for a total value of $651,992.58. Following the completion of the transaction, the chief accounting officer owned 79,686 shares in the company, valued at $22,998,973.32. The trade was a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John T. Chambers sold 55,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $297.69, for a total transaction of $16,372,950.00. Following the sale, the director directly owned 238,333 shares in the company, valued at approximately $70,949,350.77. The trade was a 18.75% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 153,617 shares of company stock worth $44,003,909. 3.00% of the stock is owned by corporate insiders.

Bloom Energy Stock Down 3.0% Shares of Bloom Energy stock opened at $219.40 on Thursday. The company has a 50-day simple moving average of $274.14 and a two-hundred day simple moving average of $205.91. The stock has a market capitalization of $62.41 billion, a PE ratio of -4,387.08 and a beta of 3.73. Bloom Energy Corporation has a 52-week low of $25.74 and a 52-week high of $351.28. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03.

Bloom Energy (NYSE:BE – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.32. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The firm had revenue of $751.05 million for the quarter, compared to analysts’ expectations of $539.94 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The business’s revenue for the quarter was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, analysts anticipate that Bloom Energy Corporation will post 1.43 EPS for the current fiscal year.

Key Stories Impacting Bloom Energy Here are the key news stories impacting Bloom Energy this week:

Positive Sentiment: JPMorgan boosted its price target on Bloom Energy and reaffirmed an Overweight rating, pointing to strong long-term delivery potential and AI-related demand. Why Bloom Energy (BE) Stock Is Trading Up Today Positive Sentiment: Bloom Energy has been tied to a reported $1.7 billion AI data center contract, reinforcing the view that AI infrastructure demand could support growth. Bloom Energy Soars 15% on $1.7 Billion AI Data Center Deal Neutral Sentiment: Investor commentary from Polen Capital highlighted Bloom Energy as a stock benefiting from AI-driven power demand, but this was more of a thesis update than a fresh catalyst. Bloom Energy Corporation (BE) Rose on AI-Driven Power Demand Negative Sentiment: After the recent surge, BE pulled back and underperformed the broader market, indicating some profit-taking or cooling momentum. Bloom Energy (BE) Suffers a Larger Drop Than the General Market: Key Insights Bloom Energy Company Profile (Free Report)

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.

Recommended Stories Five stocks we like better than Bloom Energy Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play Want to see what other hedge funds are holding BE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bloom Energy Corporation (NYSE:BE – Free Report).

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OPERATING PERFORMANCE ACCELERATES
SEQUENTIAL LOAN GROWTH OF 5% AND CORE DEPOSIT GROWTH OF 8%, ANNUALIZED
NET INTEREST MARGIN WIDENS TO 3.42%
TANGIBLE BOOK VALUE PER SHARE INCREASES
COMMON & PREFERRED DIVIDENDS PER SHARE DECLARED

ENGLEWOOD CLIFFS, N.J., July 23, 2026 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), today reported net income (loss) available to common stockholders of $40.2 million for the second quarter of 2026 compared with $36.3 million for the first quarter of 2026 and $(21.8) million for the second quarter of 2025. Diluted earnings (loss) per share were $0.80 for the second quarter of 2026 compared with $0.72 for the first quarter of 2026 and $(0.52) for the second quarter of 2025. Return on average assets was 1.17%, 1.10% and (0.73)% for the three months ended June 30, 2026, March 31, 2026 and June 30, 2025, respectively. Return on average tangible common equity was 13.79%, 12.89% and (8.42)% for the three months ended June 30, 2026, March 31, 2026 and June 30, 2025, respectively.

Pre-provision net operating revenue ("Operating PPNR") as a percentage of average assets was 1.94%, 1.81% and 1.52% for the quarters ending June 30, 2026, March 31, 2026 and June 30, 2025, respectively. The sequential increase in Operating PPNR was primarily due to a $4.8 million increase in net interest income, combined with a $0.4 million decrease in operating expenses. Operating net income available to common stockholders was $42.2 million for the second quarter of 2026, $39.6 million for the first quarter of 2026 and $23.1 million for the second quarter of 2025. Operating diluted earnings per share were $0.84 for the second quarter of 2026, $0.79 for the first quarter of 2026 and $0.55 for the second quarter of 2025. Operating return on average assets was 1.23%, 1.19% and 0.89% for the three months ended June 30, 2026, March 31, 2026 and June 30, 2025, respectively. Operating return on average tangible common equity was 13.81%, 13.35% and 9.29% for the three months ended June 30, 2026, March 31, 2026 and June 30, 2025, respectively. See supplemental tables for a complete reconciliation of GAAP earnings to operating earnings, and other non-GAAP measures.

The increase in net income available to common stockholders during the second quarter of 2026 when compared to the first quarter of 2026 was primarily due to a $4.8 million increase in net interest income, a $1.1 million increase in noninterest income, and a $2.5 million decrease in noninterest expenses, which were partially offset by a $3.1 million increase in the provision for credit losses and a $1.5 million increase in income tax expense. The first quarter of 2026 included merger expenses and restructuring charges related to the merger with The First of Long Island Corporation ("FLIC") of $2.1 million, reflecting our ongoing commitment to streamlining operations and enhancing organizational efficiency. The increase in net income available to common stockholders and diluted earnings per share during the second quarter of 2026 when compared to the second quarter of 2025 was primarily due to a $34.8 million increase in net interest income, a $27.4 million decrease in the provision for credit losses, a $2.7 million increase in noninterest income, and a $18.2 million decrease in noninterest expense, which was partially offset by a $21.2 million increase in income tax expense. The decrease in the provision for credit losses was driven primarily by the initial $27.4 million provision recognized in the second quarter of 2025 in connection with the merger with FLIC. Overall, the variances from the second quarter of 2026 to the second quarter of 2025 were primarily due to the merger with FLIC.

"ConnectOne delivered another quarter of accelerated performance metrics, driven by sustained momentum across our franchise and a disciplined execution of our relationship-banking business model,” commented Frank Sorrentino, ConnectOne's Chairman and Chief Executive Officer. “Loans and core deposits grew sequentially at annualized rates of approximately 5% and 8%, respectively, while our net interest margin expanded for the 7th consecutive quarter, climbing past 3.40%. The quarter also saw enhanced operating efficiency, and strong capital levels, alongside a substantial rise in tangible book value per share."

Mr. Sorrentino added, “As one of the most efficient banks in the country, we remain committed to further enhancing our operating performance by driving productivity gains through technological innovation, including agentic workflows.”

Mr. Sorrentino concluded, “Looking ahead, we're encouraged by the strength of our business and the opportunities we see for the balance of the year and beyond. Through the continued execution of our strategic priorities and results-oriented culture, we’re confident in ConnectOne's ability to deliver profitable growth and create long-term value for shareholders.”

Dividend Declarations

The Board of Directors declared cash dividends on the Company's common and outstanding preferred stock. A cash dividend on common stock of $0.195 per share will be paid on September 1, 2026, to common stockholders of record on August 14, 2026. A dividend of $0.328125 per depositary share, representing a 1/40th interest in a share of the Company’s 5.25% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, will also be paid on September 1, 2026, to holders of record on August 14, 2026.

Operating Results

Fully taxable equivalent net interest income for the second quarter of 2026 was $114.8 million, an increase of $4.9 million, or 4.4%, from the first quarter of 2026, largely due to a 3 basis-point widening of the net interest margin to 3.42% from 3.39% and a 2.2% increase in average interest-earning assets. The margin benefited from an increase in the yield on interest-earning assets, primarily due to loan repricing, partially offset by a 6 basis-point increase in the average cost of deposits, including noninterest-bearing deposits.

Fully taxable equivalent net interest income for the second quarter of 2026 increased $35.0 million, or 43.9%, from the second quarter of 2025, due to a 36 basis-point widening of the net interest margin to 3.42% from 3.06%, and a 28.5% increase in average interest-earning assets. The increase in average interest-earning assets was primarily due to the merger with FLIC. The margin benefited from a 16 basis-point increase in the yield on interest-earning assets and a 32 basis-point decrease in the average cost of deposits, including noninterest-bearing deposits.

Noninterest income was $7.9 million in the second quarter of 2026, $6.8 million in the first quarter of 2026 and $5.2 million in the second quarter of 2025. The increase compared to the first quarter of 2026 was primarily due to a $1.2 million increase in net gains on sale of loans held-for-sale, primarily SBA loans. The increase compared to the second quarter of 2025 was primarily due to a $1.4 million increase in net gains on sale of loans held-for-sale, a $0.9 million increase in BOLI income and a $0.8 million increase in deposit, loan and other income, which was partially offset by a $0.4 million decrease in net gains on equity securities. The year-over-year increases in BOLI income and deposit, loan and other income were primarily due to the merger with FLIC.

Noninterest expenses were $55.4 million for the second quarter of 2026, $57.9 million for the first quarter of 2026 and $73.6 million for the second quarter of 2025. Excluding merger expenses and restructuring charges, noninterest expenses totaled $55.3 million in the second quarter of 2026, $55.7 million in the first quarter of 2026 and $42.9 million in the second quarter of 2025. The decrease of $0.4 million during the second quarter of 2026 when compared to the first quarter of 2026 was primarily due to a $1.2 million decrease in salaries and employee benefits and a $0.3 million decrease in FDIC insurance expense, which were partially offset by a $0.5 million increase in other expenses, a $0.2 million increase in marketing and advertising expenses, a $0.2 million increase in occupancy and equipment expenses, and a $0.2 million increase in information technology and communication expenses. The $12.4 million increase for the second quarter of 2026 when compared to the second quarter of 2025 was primarily due to a $6.3 million increase in salaries and employee benefits, a $2.0 million increase in occupancy and equipment expenses, a $1.6 million increase in amortization of core deposit intangibles, a $1.3 million increase in other expenses, a $0.6 million increase in information technology and communication expenses and a $0.5 million increase in professional and consulting expense. The variances from the second quarter of 2026 to the second quarter of 2025 were primarily due to the merger with FLIC.

Income tax expense (benefit) was $16.2 million for the second quarter of 2026, $14.7 million for the first quarter of 2026 and $(5.0) million for the second quarter of 2025. The effective tax rates were 28.0%, 28.0% and (19.7)% for the second quarter of 2026, first quarter of 2026 and second quarter of 2025, respectively. The negative tax rate in 2025 was due to the merger with FLIC. As of June 30, 2026, ConnectOne Bank executed a $50.0 million capital commitment to a renewable energy tax credit fund. This investment supports our community sustainability initiatives while helping to maintain our projected full-year 2026 effective tax rate of approximately 28%.

Asset Quality

The provision for credit losses was $8.3 million for the second quarter of 2026, $5.2 million for the first quarter of 2026 and $35.7 million for the second quarter of 2025. In each of the quarters presented, the provision for credit losses reflected net portfolio growth, charges related to individually evaluated loans, changing macroeconomic forecasts and conditions and qualitative factors, while the second quarter of 2025 included the merger-related initial provision. The current quarter's increased sequential provision was primarily driven by a $13.8 million charge-off on a previously disclosed group of New York City loans secured by multiple rent-stabilized multi-family buildings, partially offset by the release of $9.2 million in multifamily qualitative reserves previously related to the criticized portion of this segment. The decrease in the provision for credit losses when compared to the second quarter of 2025 was driven primarily by the initial $27.4 million provision originally booked in the second quarter of 2025 in connection with the FLIC merger.

Nonperforming assets, which include nonaccrual loans and other real estate owned (the Bank had no other real estate owned during the periods reported), were $79.7 million as of June 30, 2026, $41.6 million as of March 31, 2026 and $39.2 million as of June 30, 2025. Nonperforming assets as a percentage of total assets increased to 0.55% as of June 30, 2026, versus 0.29% as of March 31, 2026 and 0.28% as of June 30, 2025. The ratio of nonaccrual loans to loans receivable also increased to 0.67%, as of June 30, 2026, versus 0.35% and 0.35%, at March 31, 2026 and June 30, 2025, respectively. The annualized net loan charge-offs ratio (excluding PCD loans) was 0.56% for the second quarter of 2026, 0.08% for the first quarter of 2026 and 0.22% for the second quarter of 2025. The increase in nonaccrual loans was primarily driven by a group of loans secured by multiple New York City rent-stabilized multi-family buildings, which added $29.9 million (net of charge-offs) to nonaccruals during the quarter, while $20.0 million of the previously announced $63.8 million of loans attributable to the group were brought current. Additionally, the increase in our net loan charge-off ratio (excluding PCD loans) was primarily attributable to the aforementioned $13.8 million charge-off related to this same group of loans.

The allowance for credit losses ("ACL") represented 1.18%, 1.30% and 1.40% of loans receivable as of June 30, 2026, March 31, 2026 and June 30, 2025, respectively. The ACL decreased $12.9 million to $140.1 million as of June 30, 2026, compared to $153.1 million as of March 31, 2026, reflecting recent charge-off activity and the impact on specific and qualitative reserves previously established, improvements in economic factors, and historically low levels of delinquencies and criticized loans. The ACL as a percentage of nonaccrual loans was 175.9% as of June 30, 2026, 368.1% as of March 31, 2026 and 398.2% as of June 30, 2025. Criticized and classified loans as a percentage of loans receivable improved to 1.89% as of June 30, 2026, down from 2.26% as of March 31, 2026 and from 2.44% as of June 30, 2025. Loans past due 30-89 days were 0.03% of loans receivable as of June 30, 2026, 0.81% as of March 31, 2026 and 0.13% as of June 30, 2025. 

Selected Balance Sheet Items

The Company’s total assets were $14.4 billion as of June 30, 2026, compared to $14.0 billion as of December 31, 2025. Loans receivable were $11.9 billion as of June 30, 2026 and $11.5 billion as of December 31, 2025. Total deposits were $11.7 billion as of June 30, 2026 and $11.2 billion as of December 31, 2025.

The Company’s total stockholders’ equity increased to $1.627 billion as of June 30, 2026 from $1.573 billion as of December 31, 2025. Retained earnings increased $57.6 million, partially offset by an increase in the accumulated other comprehensive loss of $3.0 million. As of June 30, 2026, the Company’s tangible common equity ratio and tangible book value per share were 8.78% and $24.66, respectively, compared to 8.62% and $23.52, respectively, as of December 31, 2025. Total goodwill and other intangible assets were $274.5 million as of June 30, 2026, and $280.2 million as of December 31, 2025.

Share Repurchase Program

The Company did not repurchase any shares of common stock during the second quarter of 2026. For the six months ended June 30, 2026, the Company repurchased 90,000 shares of common stock at an average price of $26.21, leaving 551,118 shares authorized for repurchase under the current Board approved repurchase program. The Company intends to repurchase shares from time to time in the open market, in privately negotiated stock purchases or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission and applicable federal securities laws. The share repurchase plan does not obligate the Company to acquire any particular amount of common stock and the plan may be modified or suspended at any time at the Company's discretion.

Use of Non-GAAP Financial Measures

In addition to the results presented in accordance with Generally Accepted Accounting Principles ("GAAP"), ConnectOne routinely supplements its evaluation with an analysis of certain non-GAAP measures. ConnectOne believes these non-GAAP financial measures, in addition to the related GAAP measures, provide meaningful information to investors in understanding our operating performance and trends. These non-GAAP measures have inherent limitations and are not required to be uniformly applied and are not audited. They should not be considered in isolation or as a substitute for an analysis of results reported under GAAP. These non-GAAP measures may not be comparable to similarly titled measures reported by other companies. Reconciliations of non-GAAP financial measures disclosed in this earnings release to the comparable GAAP measures are provided in the accompanying tables.

Second Quarter 2026 Results Conference Call

Management will also host a conference call and audio webcast at 10:00 a.m. ET on July 23, 2026, to review the Company's financial performance and operating results. The conference call dial-in number is 1 (585) 542-9983, meeting ID: 646 211 267. Please dial in at least five minutes before the start of the call to register. An audio webcast of the conference call will be available to the public, on a listen-only basis, via the "Investor Relations" link on the Company's website https://www.ConnectOneBank.com or at http://ir.connectonebank.com.

An online archive of the webcast will be available following the completion of the conference call at https://www.ConnectOneBank.com or at http://ir.connectonebank.com.

About ConnectOne Bancorp, Inc.

ConnectOne Bancorp, Inc., is a modern financial services company that operates, through its subsidiary, ConnectOne Bank, and the Bank’s fintech subsidiary, BoeFly, Inc. ConnectOne Bank is a high-performing commercial bank offering a full suite of banking & lending products and services that focus on small to middle-market businesses. BoeFly, Inc. is a fintech marketplace that connects borrowers in the franchise space with funding solutions through a network of partner banks. ConnectOne Bancorp, Inc. is traded on the Nasdaq Global Market under the trading symbol "CNOB," and information about ConnectOne may be found at https://www.connectonebank.com.

This news release contains certain forward-looking statements which are based on certain assumptions and describe future plans, strategies, and expectations of the Company. These forward-looking statements are generally identified by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. The Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company and its subsidiaries include, but are not limited to, those factors set forth in Item 1A – Risk Factors of the Company’s Annual Report on Form 10-K, as filed with the U.S. Securities and Exchange Commission, as supplemented by the Company’s subsequent filings with the U.S. Securities and Exchange Commission, and changes in interest rates, general economic conditions, legislative/regulatory changes, monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality or composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company's market area, changes in accounting principles and guidelines and the impact of the health emergencies and natural disasters on the Company, its employees and operations, and its customers. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Investor Contact:
William S. Burns
Senior Executive Vice President & CFO
201.816.4474; [email protected]

Media Contact:
Shannan Weeks 
MikeWorldWide
732.299.7890; [email protected]

CONNECTONE BANCORP, INC. AND SUBSIDIARIESCONSOLIDATED CONDENSED STATEMENTS OF FINANCIAL CONDITION(in thousands)   June 30,  December 31,  June 30,   2026  2025  2025   (unaudited)      (unaudited) ASSETS            Cash and due from banks $39,552  $92,406  $97,792 Interest-bearing deposits with banks  322,724   288,489   498,741 Cash and cash equivalents  362,276   380,895   596,533              Investment securities  1,179,258   1,250,938   1,227,200 Equity securities  19,793   19,287   19,707              Loans held-for-sale  —   391   1,027              Loans receivable  11,869,034   11,453,280   11,164,477 Less: Allowance for credit losses - loans  140,149   154,305   156,190 Net loans receivable  11,728,885   11,298,975   11,008,287              Investment in restricted stock, at cost  46,596   54,722   49,248 Bank premises and equipment, net  53,779   55,285   54,297 Accrued interest receivable  61,561   60,761   60,950 Bank owned life insurance  376,681   370,713   364,836 Right of use operating lease assets  30,340   29,603   31,282 Goodwill  220,235   220,235   215,611 Core deposit intangibles  54,233   59,923   66,315 Other assets  278,227   200,972   220,445 Total assets $14,411,864  $14,002,700  $13,915,738              LIABILITIES            Deposits:            Noninterest-bearing $2,512,964  $2,420,397   2,424,529 Interest-bearing  9,227,399   8,820,218   8,853,958 Total deposits  11,740,363   11,240,615   11,278,487 Borrowings  715,416   903,489   783,859 Subordinated debentures, net  202,236   201,864   276,500 Operating lease liabilities  32,929   32,446   35,334 Other liabilities  94,395   50,946   45,127 Total liabilities  12,785,339   12,429,360   12,419,307              COMMITMENTS AND CONTINGENCIES                         STOCKHOLDERS' EQUITY            Preferred stock  110,927   110,927   110,927 Common stock  857,765   857,765   857,765 Additional paid-in capital  39,688   38,763   36,728 Retained earnings  731,500   673,897   614,532 Treasury stock  (78,507)  (76,116)  (76,116)Accumulated other comprehensive loss  (34,848)  (31,896)  (47,405)Total stockholders' equity  1,626,525   1,573,340   1,496,431 Total liabilities and stockholders' equity $14,411,864  $14,002,700  $13,915,738  CONNECTONE BANCORP, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF INCOME(dollars in thousands, except for per share data)   Three Months Ended  Six Months Ended   06/30/26  06/30/25  06/30/26  06/30/25 Interest income                Interest and fees on loans $176,250  $132,316  $344,548  $247,667 Interest and dividends on investment securities:                Taxable  10,982   7,437   21,781   12,424 Tax-exempt  1,907   1,419   3,885   2,516 Dividends  947   788   1,882   1,677 Interest on federal funds sold and other short-term investments  2,821   4,070   5,208   6,535 Total interest income  192,907   146,030   377,304   270,819 Interest expense                Deposits  69,571   60,239   135,253   114,231 Borrowings  9,697   6,908   19,608   11,949 Total interest expense  79,268   67,147   154,861   126,180                  Net interest income  113,639   78,883   222,443   144,639 Provision for credit losses  8,300   35,700   13,500   39,200 Net interest income after provision for credit losses  105,339   43,183   208,943   105,439                  Noninterest income                Deposit, loan and other income  3,324   2,570   6,607   4,576 Income on bank owned life insurance  3,017   2,087   5,968   3,671 Net gains on sale of loans held-for-sale  1,590   181   2,017   513 Net gains (losses) on equity securities  (4)  347   131   876 Total noninterest income  7,927   5,185   14,723   9,636                  Noninterest expenses                Salaries and employee benefits  31,537   25,233   64,305   47,811 Occupancy and equipment  5,519   3,478   10,864   6,158 FDIC insurance  1,700   2,000   3,700   3,800 Professional and consulting  3,127   2,598   6,235   4,964 Marketing and advertising  1,161   840   2,087   1,435 Information technology and communications  5,394   4,792   10,637   9,396 Merger expenses and restructuring charges  108   30,745   2,233   32,065 Bank owned life insurance restructuring charge  —   —   —   327 Amortization of core deposit intangibles  2,845   1,251   5,690   1,530 Other expenses  4,025   2,712   7,534   5,468 Total noninterest expenses  55,416   73,649   113,285   112,954                  Income (loss) before income tax expense  57,850   (25,281)  110,381   2,121 Income tax expense (benefit)  16,182   (4,988)  30,891   2,172 Net income (loss)  41,668   (20,293)  79,490   (51)Preferred dividends  1,509   1,509   3,018   3,018 Net income (loss) available to common stockholders $40,159  $(21,802) $76,472  $(3,069)                 Earnings (loss) per common share:                Basic $0.80  $(0.52) $1.52  $(0.08)Diluted  0.80   (0.52)  1.51   (0.08)                  ConnectOne's management believes that the supplemental financial information, including non-GAAP measures provided below, is useful to investors. The non-GAAP measures should not be viewed as a substitute for financial results determined in accordance with GAAP, and are not necessarily comparable to non-GAAP financial measures presented by other companies. 

CONNECTONE BANCORP, INC.SUPPLEMENTAL GAAP AND NON-GAAP FINANCIAL MEASURES   As of   Jun. 30,  Mar. 31,  Dec. 31,  Sept. 30,  Jun. 30,   2026  2026  2025  2025  2025 Selected Financial Data (dollars in thousands) Total assets $14,411,864  $14,209,561  $14,002,700  $14,023,585  $13,915,738 Loans receivable:                    Commercial  1,598,678   1,638,836   1,558,436   1,613,421   1,597,590 Commercial real estate  4,871,086   4,750,508   4,625,143   4,310,159   4,285,663 Multifamily  3,679,302   3,574,336   3,437,080   3,420,465   3,348,308 Commercial construction  528,103   571,073   623,902   728,615   681,222 Residential  1,192,033   1,202,539   1,210,980   1,233,305   1,254,646 Consumer  3,313   1,801   2,017   2,166   1,709 Gross loans  11,872,515   11,739,093   11,457,558   11,308,131   11,169,138 Net deferred loan fees  (3,481)  (3,497)  (4,278)  (4,495)  (4,661)Loans receivable  11,869,034   11,735,596   11,453,280   11,303,636   11,164,477 Loans held-for-sale  —   10,222   391   —   1,027 Total loans $11,869,034  $11,745,818  $11,453,671  $11,303,636  $11,165,504                      Investment and equity securities $1,199,051  $1,215,806  $1,270,225  $1,272,335  $1,246,907 Goodwill and other intangible assets  274,468   277,313   280,158   278,730   281,926 Deposits:                    Noninterest-bearing demand $2,512,964  $2,393,938  $2,420,397  $2,513,102  $2,424,529 Time deposits  2,927,930   3,010,971   2,796,877   2,977,952   3,065,015 Other interest-bearing deposits  6,299,469   6,108,144   6,023,341   5,878,241   5,788,943 Total deposits $11,740,363  $11,513,053  $11,240,615  $11,369,295  $11,278,487                      Borrowings $715,416  $827,477  $903,489  $833,443  $783,859 Subordinated debentures (net of debt issuance costs)  202,236   202,050   201,864   201,677   276,500 Total stockholders' equity  1,626,525   1,591,547   1,573,340   1,538,344   1,496,431                      Quarterly Average Balances                    Total assets $14,254,280  $13,999,581  $13,963,138  $14,050,585  $11,108,430 Loans receivable:                    Commercial $1,652,412  $1,579,368  $1,597,123  $1,583,673  $1,486,245 Commercial real estate (including multifamily)  8,433,558   8,137,515   7,822,943   7,630,195   6,404,302 Commercial construction  524,023   613,661   646,414   704,170   643,115 Residential  1,198,244   1,204,082   1,221,171   1,241,375   587,118 Consumer  10,855   6,851   5,473   6,747   5,759 Gross loans  11,819,092   11,541,477   11,293,124   11,166,160   9,126,539 Net deferred loan fees  (3,331)  (4,042)  (4,708)  (4,418)  (5,097)Loans receivable  11,815,761   11,537,435   11,288,416   11,161,742   9,121,442 Loans held-for-sale  107   335   230   318   352 Total loans $11,815,868  $11,537,770  $11,288,646  $11,162,060  $9,121,794                      Investment and equity securities $1,208,532  $1,256,147  $1,269,275  $1,274,000  $845,614 Goodwill and other intangible assets  276,313   279,158   279,165   280,814   235,848 Deposits:                    Noninterest-bearing demand $2,424,773  $2,384,883  $2,473,596  $2,486,993  $1,680,653 Time deposits  2,992,440   2,901,327   2,946,459   3,019,848   2,662,411 Other interest-bearing deposits  6,122,264   5,996,487   5,907,547   5,889,230   4,463,648 Total deposits $11,539,477  $11,282,697  $11,327,602  $11,396,071  $8,806,712                      Borrowings $812,384  $833,551  $781,388  $783,994  $723,303 Subordinated debentures (net of debt issuance costs)  202,114   201,928   201,741   263,511   170,802 Total stockholders' equity  1,612,528   1,594,699   1,558,366   1,513,892   1,344,254    Three Months Ended   Jun. 30,  Mar. 31,  Dec. 31,  Sept. 30,  Jun. 30,   2026  2026  2025  2025  2025   (dollars in thousands, except for per share data) Net interest income $113,639  $108,804  $106,595  $102,017  $78,883 Provision for credit losses  8,300   5,200   2,300   5,500   35,700 Net interest income after provision for credit losses  105,339   103,604   104,295   96,517   43,183 Noninterest income                    Deposit, loan and other income  3,324   3,283   3,289   3,836   2,570 Defined benefit pension plan curtailment gain  —   —   —   3,501   — Employee retention tax credit  —   —   —   6,608   — Income on bank owned life insurance  3,017   2,951   2,946   2,931   2,087 Net gains on sale of loans held-for-sale  1,590   427   631   859   181 Net gains (losses) on equity securities  (4)  135   (846)  1,674   347 Total noninterest income  7,927   6,796   6,020   19,409   5,185 Noninterest expenses                    Salaries and employee benefits  31,537   32,768   31,211   32,401   25,233 Occupancy and equipment  5,519   5,345   5,265   5,122   3,478 FDIC insurance  1,700   2,000   2,400   2,400   2,000 Professional and consulting  3,127   3,108   2,908   2,929   2,598 Marketing and advertising  1,161   926   974   771   840 Information technology and communications  5,394   5,243   5,366   5,243   4,792 Restructuring and exit charges  —   —   —   994   — Merger expenses and restructuring charges  108   2,125   498   1,898   30,745 Branch closing expenses  —   —   1,275   —   — Bank owned life insurance restructuring charge  —   —   —   —   — Amortization of core deposit intangible  2,845   2,845   3,196   3,196   1,251 Other expenses  4,025   3,509   3,853   3,719   2,712 Total noninterest expenses  55,416   57,869   56,946   58,673   73,649                      Income (loss) before income tax expense  57,850   52,531   53,369   57,253   (25,281)Income tax expense (benefit)  16,182   14,709   13,851   16,277   (4,988)Net income (loss)  41,668   37,822   39,518   40,976   (20,293)Preferred dividends  1,509   1,509   1,509   1,509   1,509 Net income (loss) available to common stockholders $40,159  $36,313  $38,009  $39,467  $(21,802)                     Weighted average diluted common shares outstanding  50,404,698   50,382,297   50,414,115   50,462,030   42,173,758 Diluted EPS $0.80  $0.72  $0.75  $0.78  $(0.52)                     Reconciliation of GAAP Net Income to Operating Net Income:                    Net income (loss) $41,668  $37,822  $39,518  $40,976  $(20,293)Restructuring and exit charges  —   —   —   994   — Merger expenses and restructuring charges  108   2,125   498   1,898   30,745 Estimated state tax liability on intercompany dividends  —   —   —   —   3,000 Initial provision for credit losses related to merger  —   —   —   —   27,418 Branch closing expenses  —   —   1,275   —   — Bank owned life insurance restructuring charge  —   —   —   —   — Amortization of core deposit intangibles  2,845   2,845   3,196   3,196   1,251 Net (gains) losses on equity securities  4   (135)  846   (1,674)  (347)Defined benefit pension plan curtailment gain  —   —   —   (3,501)  — Employee retention tax credit  —   —   —   (6,608)  — Tax impact of adjustments  (917)  (1,499)  (1,802)  1,737   (17,168)Operating net income $43,708  $41,158  $43,531  $37,018  $24,606 Preferred dividends  1,509   1,509   1,509   1,509   1,509 Operating net income available to common stockholders $42,199  $39,649  $42,022  $35,509  $23,097                      Operating diluted EPS (non-GAAP)(1) $0.84  $0.79  $0.83  $0.70  $0.55                      Return on Assets Measures                    Average assets $14,254,280  $13,999,581  $13,963,138  $14,050,585  $11,108,430 Return on avg. assets  1.17%  1.10%  1.12%  1.16%  (0.73)%Operating return on avg. assets (non-GAAP)(2)  1.23   1.19   1.24   1.05   0.89 Pre-provision net operating revenue ("PPNR") return on avg. assets (non-GAAP)(3)  1.94   1.81   1.75   1.61   1.52  (1)Operating net income available to common stockholders divided by weighted average diluted shares outstanding.(2)Operating net income divided by average assets.(3)Net income before income tax expense, provision for credit losses, merger expenses and restructuring charges, branch closing expenses, BOLI restructuring charges, restructuring and exit charges, employee retention tax credit, defined benefit pension plan curtailment gain, amortization of core deposit intangibles and net gains on equity securities divided by average assets.   Three Months Ended   Jun. 30,  Mar. 31,  Dec. 31,  Sept. 30,  Jun. 30,   2026  2026  2025  2025  2025 Return on Equity Measures (dollars in thousands) Average stockholders' equity $1,612,528  $1,594,699  $1,558,366  $1,513,892  $1,344,254 Less: average preferred stock  (110,927)  (110,927)  (110,927)  (110,927)  (110,927)Average common equity $1,501,601  $1,483,772  $1,447,439  $1,402,965  $1,233,327 Less: average intangible assets  (276,313)  (279,158)  (279,165)  (280,814)  (235,848)Average tangible common equity $1,225,288  $1,204,614  $1,168,274  $1,122,151  $997,479 Return on avg. common equity (GAAP)  10.73%  9.93%  10.42%  11.16%  (7.09)%Operating return on avg. common equity (non-GAAP)(4)  11.27   10.84   11.52   10.04   7.51 Return on avg. tangible common equity (non-GAAP)(5)  13.79   12.89   13.66   14.74   (8.42)Operating return on avg. tangible common equity (non-GAAP)(6)  13.81   13.35   14.27   12.55   9.29                      Efficiency Measures                    Total noninterest expenses $55,416  $57,869  $56,946  $58,673  $73,649 Restructuring and exit charges  —   —   —   (994)  — Merger expenses and restructuring charges  (108)  (2,125)  (498)  (1,898)  (30,745)Branch closing expenses  —   —   (1,275)  —   — Bank owned life insurance restructuring charge  —   —   —   —   — Amortization of core deposit intangibles  (2,845)  (2,845)  (3,196)  (3,196)  (1,251)Operating noninterest expense $52,463  $52,899  $51,977  $52,585  $41,653                      Net interest income (tax equivalent basis) $114,841  $109,976  $107,761  $103,155  $79,810 Noninterest income  7,927   6,796   6,020   19,409   5,185 Defined benefit pension plan curtailment gain  —   —   —   (3,501)  — Employee retention tax credit  —   —   —   (6,608)  — Net (gains) losses on equity securities  4   (135)  846   (1,674)  (347)Operating revenue $122,772  $116,637  $114,627  $110,781  $84,648                      Operating efficiency ratio (non-GAAP)(7)  42.7%  45.4%  45.3%  47.5%  49.2%                     Net Interest Margin                    Average interest-earning assets $13,451,804  $13,160,794  $13,093,053  $13,172,443  $10,468,589 Net interest income (tax equivalent basis) $114,841  $109,976  $107,761  $103,155  $79,810 Net interest margin (non-GAAP)  3.42%  3.39%  3.27%  3.11%  3.06% (4)Operating net income available to common stockholders divided by average common equity.(5)Net income available to common stockholders, excluding amortization of intangible assets, divided by average tangible common equity.(6)Operating net income available to common stockholders, divided by average tangible common equity.(7)Operating noninterest expense divided by operating revenue.   As of   Jun. 30,  Mar. 31,  Dec. 31,  Sept. 30,  Jun. 30,   2026  2026  2025  2025  2025 Capital Ratios and Book Value per Share (dollars in thousands, except for per share data) Stockholders equity $1,626,525  $1,591,547  $1,573,340  $1,538,344  $1,496,431 Less: preferred stock  (110,927)  (110,927)  (110,927)  (110,927)  (110,927)Common equity $1,515,598  $1,480,620  $1,462,413  $1,427,417  $1,385,504 Less: intangible assets  (274,468)  (277,313)  (280,158)  (278,730)  (281,926)Tangible common equity $1,241,130  $1,203,307  $1,182,255  $1,148,687  $1,103,578                      Total assets $14,411,864  $14,209,561  $14,002,700  $14,023,585  $13,915,738 Less: intangible assets  (274,468)  (277,313)  (280,158)  (278,730)  (281,926)Tangible assets $14,137,396  $13,932,248  $13,722,542  $13,744,855  $13,633,812                      Common shares outstanding  50,319,832   50,288,494   50,271,854   50,273,089   50,270,162                      Common equity ratio (GAAP)  10.52%  10.42%  10.44%  10.18%  9.96%Tangible common equity ratio (non-GAAP)(8)  8.78   8.64   8.62   8.36   8.09                      Regulatory capital ratios (Bancorp):                    Leverage ratio  9.85%  9.79%  9.61%  9.35%  11.58%Common equity Tier 1 risk-based ratio  10.28   10.23   10.24   10.17   10.04 Risk-based Tier 1 capital ratio  11.22   11.19   11.22   11.17   11.06 Risk-based total capital ratio  13.71   13.81   13.88   13.88   14.35                      Regulatory capital ratios (Bank):                    Leverage ratio  10.81%  10.81%  10.59%  10.35%  12.81%Common equity Tier 1 risk-based ratio  12.31   12.35   12.36   12.37   12.22 Risk-based Tier 1 capital ratio  12.31   12.35   12.36   12.37   12.22 Risk-based total capital ratio  13.20   13.33   13.33   13.38   13.24                      Book value per share (GAAP) $30.12  $29.44  $29.09  $28.39  $27.56 Tangible book value per share (non-GAAP)(9)  24.66   23.93   23.52   22.85   21.95                      Net Loan Charge-offs (Recoveries)(10):                    Net loan charge-offs (recoveries):                    Charge-offs $17,022  $2,758  $5,613  $5,174  $5,039 Recoveries  (531)  (467)  (836)  (38)  (118)Net loan charge-offs $16,491  $2,291  $4,777  $5,136  $4,921 Net loan charge-offs as a % of average loans receivable (annualized)  0.56%  0.08%  0.17%  0.18%  0.22%                     Asset Quality                    Nonaccrual loans $79,664  $41,579  $45,915  $39,671  $39,228 Other real estate owned  —   —   —   —   — Nonperforming assets $79,664  $41,579  $45,915  $39,671  $39,228                      Allowance for credit losses - loans (excluding nonaccretable credit marks) $106,120  $115,609  $112,282  $113,163  $112,854 Add: nonaccretable credit marks  34,029   37,447   42,023   43,336   43,336 Allowance for credit losses - loans ("ACL") $140,149  $153,056  $154,305  $156,499  $156,190                      Loans receivable $11,869,034  $11,735,596  $11,453,280  $11,303,636  $11,164,477                      Nonaccrual loans as a % of loans receivable  0.67%  0.35%  0.40%  0.35%  0.35%Nonperforming assets as a % of total assets  0.55   0.29   0.33   0.28   0.28 ACL as a % of loans receivable  1.18   1.30   1.35   1.38   1.40 ACL as a % of nonaccrual loans  175.9   368.1   336.1   394.5   398.2  (8)Tangible common equity divided by tangible assets.(9)Tangible common equity divided by common shares outstanding at period-end.(10)Includes only non-PCD loans. CONNECTONE BANCORP, INC.NET INTEREST MARGIN ANALYSIS(dollars in thousands)   For the Three Months Ended   June 30, 2026  March 31, 2026  June 30, 2025   Average          Average          Average         Interest-earning assets: Balance  Interest  Rate(7)  Balance  Interest  Rate(7)  Balance  Interest  Rate(7) Investment securities(1) (2) $1,275,125  $13,397   4.21% $1,307,184  $13,302   4.13% $935,996  $9,234   3.96%Loans receivable and loans held-for-sale(2) (3) (4)  11,815,868   176,944   6.01   11,537,770   168,945   5.94   9,121,794   132,865   5.84 Federal funds sold and interest-                                    bearing deposits with banks  309,872   2,821   3.65   264,232   2,387   3.66   367,309   4,070   4.44 Restricted investment in bank stock  50,939   947   7.46   51,608   935   7.35   43,490   788   7.27 Total interest-earning assets  13,451,804   194,109   5.79   13,160,794   185,569   5.72   10,468,589   146,957   5.63 Allowance for loan losses  (155,399)          (154,481)          (98,030)        Noninterest-earning assets  957,875           993,268           737,871         Total assets $14,254,280          $13,999,581          $11,108,430                                              Interest-bearing liabilities:                                    Money market deposits  3,052,487   22,148   2.91   2,903,419   20,146   2.81   2,016,336   15,467   3.08 Savings deposits  978,961   6,339   2.60   1,014,568   6,304   2.52   777,951   6,172   3.18 Time deposits  2,992,440   27,776   3.72   2,901,327   26,713   3.73   2,662,411   26,636   4.01 Other interest-bearing deposits  2,090,816   13,308   2.55   2,078,500   12,519   2.44   1,669,361   11,964   2.87 Total interest-bearing deposits  9,114,704   69,571   3.06   8,897,814   65,682   2.99   7,126,059   60,239   3.39                                      Borrowings  812,384   5,402   2.67   833,551   5,513   2.68   723,303   3,530   1.96 Subordinated debentures  202,114   4,283   8.50   201,928   4,385   8.81   170,802   3,361   7.89 Finance lease  845   12   5.70   921   13   5.72   1,139   17   5.99 Total interest-bearing liabilities  10,130,047   79,268   3.14   9,934,214   75,593   3.09   8,021,303   67,147   3.36                                      Noninterest-bearing demand deposits  2,424,773           2,384,883           1,680,653         Other liabilities  86,932           85,785           62,220         Total noninterest-bearing liabilities  2,511,705           2,470,668           1,742,873         Stockholders' equity  1,612,528           1,594,699           1,344,254         Total liabilities and stockholders' equity $14,254,280          $13,999,581          $11,108,430                                              Net interest income (tax equivalent basis)      114,841           109,976           79,810     Net interest spread(5)          2.65%          2.63%          2.27%                                     Net interest margin(6)          3.42%          3.39%          3.06%                                     Tax equivalent adjustment      (1,202)          (1,172)          (927)    Net interest income     $113,639          $108,804          $78,883      (1)Average balances are calculated on amortized cost.(2)Interest income is presented on a tax equivalent basis using 21% federal tax rate.(3)Includes loan fee income.(4)Loans include nonaccrual loans.(5)Represents difference between the average yield on interest-earning assets and the average cost of interest-bearing liabilities and is presented on a tax equivalent basis.(6)Represents net interest income on a tax equivalent basis divided by average total interest-earning assets.(7)Rates are annualized.

, /PRNewswire/ -- S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank, announced net income of $36.6 million for the second quarter of 2026 compared to $35.1 million for the first quarter of 2026 and $31.9 million for the second quarter of 2025. Diluted earnings per share was $1.02 for the second quarter of 2026, an increase of $0.08, or 8.5%, compared to $0.94 for the first quarter of 2026 and an increase of $0.19, or 22.9%, compared to $0.83 for the second quarter of 2025.

Second Quarter of 2026 Highlights:

Solid return metrics with return on average assets (ROA) of 1.49%, return on average equity (ROE) of 10.37% and return on average tangible shareholders' equity (ROTE) (non-GAAP) of 14.15% compared to ROA of 1.44%, ROE of 9.77% and ROTE (non-GAAP) of 13.22% for the first quarter of 2026. Pre-provision net revenue to average assets (PPNR) (non-GAAP) was 1.89% compared to 1.87% for the first quarter of 2026. Net interest margin on a fully taxable equivalent basis (NIM) (FTE) (non-GAAP) expanded 7 basis points to 3.99% compared to 3.92% in the first quarter of 2026. Total portfolio loans increased $99.0 million, or 5.0% annualized, compared to March 31, 2026. Total deposits decreased $99.1 million due to lower brokered deposits of $100.4 million compared to March 31, 2026. Customer deposits were stable in the second quarter, following solid growth in the first quarter of 2026 with year-to-date growth of $307.7 million, or 8.0% annualized. Net charge-offs were only $1.0 million, or 0.05% of average loans, compared to net charge-offs of $1.7 million, or 0.09% of average loans, in the first quarter of 2026. Nonperforming assets (NPAs) decreased $9.7 million to $40.2 million, or 0.50% of total loans plus other real estate owned (OREO), compared to $49.9 million, or 0.63%, at March 31, 2026. Actively managing capital with 1,074,924 shares repurchased at an average price of $44.24 for $47.6 million. "We delivered another strong quarter driven by disciplined execution of our strategy," said Chris McComish, chief executive officer. "Our results reflected solid earnings and returns, good loan growth, stable deposits following strong first-quarter growth and continued favorable asset quality. These results highlight the strength of our customer relationships, the dedication of our people and our ability to create long-term value for our shareholders."

Net Interest Income

Net interest income was $90.4 million in the second quarter of 2026 compared to $88.4 million in the first quarter of 2026. NIM (FTE) (non-GAAP) increased 7 basis points to 3.99% compared to 3.92% in the prior quarter. The yield on average interest-earning assets increased 4 basis points to 5.64% compared to 5.60% in the first quarter of 2026 primarily due to a higher yield on loans. Total interest-bearing liability costs decreased 4 basis points to 2.50% compared to 2.54% in the first quarter of 2026 mainly due to a better funding mix. Average brokered deposits decreased $146.2 million while average interest-bearing customer deposits increased $119.8 million compared to the first quarter of 2026.

Asset Quality

The allowance for credit losses, or ACL, was unchanged at $93.3 million, or 1.16% of total portfolio loans, at June 30, 2026 compared to $93.3 million, or 1.17%, at March 31, 2026. The provision for credit losses was $1.1 million for the second quarter of 2026 compared to $1.3 million in the first quarter of 2026. Net loan charge-offs were $1.0 million, or 0.05% of average loans, compared to $1.7 million, or 0.09% of average loans, in the first quarter of 2026. NPAs decreased $9.7 million to $40.2 million, or 0.50% of total loans plus OREO, compared to $49.9 million, or 0.63%, at March 31, 2026.

Noninterest Income and Expense

Noninterest income increased $1.3 million to $14.9 million in the second quarter of 2026 compared to $13.6 million in the first quarter of 2026. Higher noninterest income related to a $0.4 million increase in debit and credit card fees due to the first quarter of 2026 being seasonally lower and a $0.3 million increase in other income primarily related to partnership income and unrealized gains on equity securities. Additionally, during the second quarter of 2026 there was a $0.2 million net gain on the sale of securities resulting from a $1.9 million gain related to Visa Class B-2 common stock conversion, which was mostly offset by a $1.7 million loss related to the repositioning of securities into longer duration, higher yielding securities.

Noninterest expense increased $2.0 million to $58.7 million in the second quarter of 2026 compared to $56.7 million in the first quarter of 2026. Salaries and employee benefits increased $1.3 million primarily related to annual merit increases and higher medical costs. Other noninterest expense increased $1.0 million primarily due to normal fluctuations across several expense categories and timing-related items.

Financial Condition

Total assets were $9.9 billion at both June 30, 2026 and March 31, 2026. Cash and due from banks decreased $121.2 million related to an increase in loans compared to March 31, 2026. Total portfolio loans increased $99.0 million compared to March 31, 2026 with an increase in the commercial loan portfolio of $104.2 million and a decrease in the consumer loan portfolio of $5.2 million. The increase in the commercial loan portfolio was due to an increase in commercial and industrial of $79.0 million and an increase in commercial construction of $71.4 million, offset by a decline in commercial real estate of $46.2 million compared to March 31, 2026. Total deposits decreased $99.1 million due to lower brokered deposits of $100.4 million compared to March 31, 2026. Customer deposits were stable in the second quarter, following solid growth in the first quarter of 2026 with year-to-date growth of $307.7 million, or 8.0% annualized. Money market decreased $80.8 million, noninterest bearing deposits decreased $16.9 million, interest-bearing demand decreased $14.8 million and savings decreased $1.2 million, offset by an increase in certificates of deposit of $14.7 million, compared to March 31, 2026. The decrease in money market of $80.8 million is net of a decline in brokered money market deposits of $100.4 million offset by an increase in customer money market deposits of $19.6 million compared to March 31, 2026. Total borrowings increased $125.0 million to $275.3 million compared to $150.3 million at March 31, 2026 due to a decrease in brokered deposits and share repurchases.

Capital

During the second quarter of 2026, 1,074,924 shares were repurchased at an average price of $44.24 per share for $47.6 million. Total share repurchases over the past three quarters were 3,169,294 shares, representing 8.3% of outstanding shares, at an average price of $42.09 per share totaling $133.4 million.

S&T continues to maintain a strong regulatory capital position with all capital ratios above the well-capitalized thresholds of federal bank regulatory agencies.

New Share Repurchase Plan Authorization

The board of directors authorized a new $100 million share repurchase program at its meeting held July 22, 2026. The new program will replace the existing share repurchase program effective July 27, 2026, and is set to expire August 31, 2027. The remaining capacity under the existing share repurchase program was terminated.

Conference Call

S&T will host its second quarter 2026 earnings conference call live via webcast at 1:00 pm ET, Thursday, July 23, 2026. To access the webcast, go to S&T Bancorp Inc.'s Investor Relations webpage stbancorp.com. After the live presentation, the webcast will be archived at stbancorp.com for 12 months.

About S&T Bancorp, Inc. and S&T Bank

S&T Bancorp, Inc. is a $9.9 billion bank holding company that is headquartered in Indiana, Pennsylvania and trades on the NASDAQ Global Select Market under the symbol STBA. Its principal subsidiary, S&T Bank, was established in 1902 and operates in Pennsylvania and Ohio. For more information, visit stbancorp.com or stbank.com. Follow us on Facebook, Instagram and LinkedIn.

Forward-Looking Statements

This information contains or incorporates statements that we believe are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to our financial condition, results of operations, plans, objectives, outlook for earnings, revenues, expenses, capital and liquidity levels and ratios, asset levels, asset quality, financial position and other matters regarding or affecting S&T and its future business and operations. Forward-looking statements are typically identified by words or phrases such as "will likely result," "expect," "anticipate," "estimate," "forecast," "project," "intend," "believe," "assume," "strategy," "trend," "plan," "outlook," "outcome," "continue," "remain," "potential," "opportunity," "comfortable," "current," "position," "maintain," "sustain," "seek," "achieve" and variations of such words and similar expressions, or future or conditional verbs such as "will," "would," "should," "could" or "may." Although we believe the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate and the forward-looking statements based on these assumptions could be incorrect. The matters discussed in these forward-looking statements are subject to various risks, uncertainties and other factors that could cause actual results and trends to differ materially from those made, projected or implied in or by the forward-looking statements depending on a variety of uncertainties or other factors including, but not limited to: credit losses and the credit risk of our commercial and consumer loan products; changes in the level of charge-offs and changes in estimates of the adequacy of the allowance for credit losses, or ACL; cybersecurity concerns; rapid technological developments and changes, including the use of artificial intelligence and digital assets; operational risks or risk management failures by us or critical third parties, including fraud risk; our ability to manage our brand risks; sensitivity to the interest rate environment, a rapid increase in interest rates or a change in the shape of the yield curve; a change in spreads on interest-earning assets and interest-bearing liabilities; regulatory supervision and oversight, including changes in regulatory capital requirements and our ability to address those requirements; unanticipated changes in our liquidity position; unanticipated changes in regulatory and governmental policies impacting interest rates and financial markets; changes in accounting policies, practices or guidance; legislation affecting the financial services industry as a whole, and S&T, in particular; developments affecting the industry and the soundness of financial institutions and further disruption to the economy and U.S. banking system; the outcome of pending and future litigation and governmental proceedings; increasing price and product/service competition; the ability to continue to introduce competitive new products and services on a timely, cost-effective basis; managing our internal growth and acquisitions; the possibility that the anticipated benefits from acquisitions cannot be fully realized in a timely manner or at all, or that integrating the acquired operations will be more difficult, disruptive or costly than anticipated; containing costs and expenses; reliance on significant customer relationships; an interruption or cessation of an important service by a third-party provider; our ability to attract and retain talented executives and other employees; general economic or business conditions, including the strength of regional economic conditions in our market area; ESG practices and disclosures, including climate change, hiring practices, the diversity of the work force and racial and social justice issues; deterioration of the housing market and reduced demand for mortgages; deterioration in the overall macroeconomic conditions or the state of the banking industry that could warrant further analysis of the carrying value of goodwill and could result in an adjustment to its carrying value resulting in a non-cash charge to net income; the stability of our core deposit base and access to contingency funding; re-emergence of turbulence in significant portions of the global financial and real estate markets that could impact our performance, both directly, by affecting our revenues and the value of our assets and liabilities, and indirectly, by affecting the economy generally and access to capital in the amounts, at the times and on the terms required to support our future businesses and geopolitical tensions and conflicts between nations.

Many of these factors, as well as other factors, are described in our Annual Report on Form 10-K for the year ended December 31, 2025, including Part I, Item 1A-"Risk Factors" and any of our subsequent filings with the SEC. Forward-looking statements are based on beliefs and assumptions using information available at the time the statements are made. We caution you not to unduly rely on forward-looking statements because the assumptions, beliefs, expectations and projections about future events may, and often do, differ materially from actual results. Any forward-looking statement speaks only as to the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect developments occurring after the statement is made.

Non-GAAP Financial Measures

In addition to traditional measures presented in accordance with GAAP, our management uses, and this information contains or references, certain non-GAAP financial measures, such as tangible book value, return on average tangible shareholders' equity, PPNR to average assets, efficiency ratio on an FTE basis, tangible common equity to tangible assets and net interest margin on an FTE basis. We believe these non-GAAP financial measures provide information useful to investors in understanding our underlying operational performance and our business and performance trends as they facilitate comparisons with the performance of other companies in the financial services industry. Although we believe that these non-GAAP financial measures enhance investors' understanding of our business and performance, these non-GAAP financial measures should not be considered alternatives to GAAP or considered to be more important than financial results determined in accordance with GAAP, nor are they necessarily comparable with non-GAAP measures which may be presented by other companies. See Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures for more information related to these financial measures.

S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited

2026

2026

2025

Second

First

Second

(dollars in thousands, except per share data)

Quarter

Quarter

Quarter

INTEREST AND DIVIDEND INCOME

Loans, including fees

$116,960

$115,294

$117,696

Investment Securities:

Taxable

10,756

10,760

10,846

Tax-exempt

34

34

35

Dividends

309

245

329

Total Interest and Dividend Income

128,059

126,333

128,906

INTEREST EXPENSE

Deposits

35,399

35,686

39,056

Borrowings, junior subordinated debt securities and other

2,280

2,211

3,278

Total Interest Expense

37,679

37,897

42,334

NET INTEREST INCOME

90,380

88,436

86,572

Provision for credit losses

1,112

1,327

1,974

Net Interest Income After Provision for Credit Losses

89,268

87,109

84,598

NONINTEREST INCOME

Gain on sale of securities

169

—

—

Debit and credit card

4,695

4,283

4,588

Service charges on deposit accounts

4,290

4,196

4,090

Investment services and trust

3,563

3,369

3,042

Other

2,143

1,794

1,780

Total Noninterest Income

14,860

13,642

13,500

NONINTEREST EXPENSE

Salaries and employee benefits

32,680

31,356

32,907

Data processing and information technology

5,163

5,158

4,847

Occupancy

4,074

4,592

4,024

Furniture, equipment and software

3,524

3,492

3,352

Marketing

1,876

1,467

1,490

Other taxes

1,773

2,063

2,088

Professional services and legal

1,286

1,245

1,739

FDIC insurance

1,074

1,073

1,062

Other noninterest expense

7,214

6,261

6,605

Total Noninterest Expense

58,664

56,707

58,114

Income Before Taxes

45,464

44,044

39,984

Income tax expense

8,821

8,972

8,084

Net Income

$36,643

$35,072

$31,900

Per Share Data

Shares outstanding at end of period

35,264,936

36,259,649

38,345,448

Average shares outstanding - diluted

36,010,449

37,177,888

38,637,400

Diluted earnings per share

$1.02

$0.94

$0.83

Dividends declared per share

$0.37

$0.36

$0.34

Dividend yield (annualized)

3.02 %

3.44 %

3.60 %

Dividends paid to net income

36.40 %

38.09 %

41.30 %

Book value

$39.81

$39.46

$37.70

Tangible book value (non-GAAP)(1)

$29.18

$29.11

$27.90

Market value

$49.08

$41.83

$37.82

Profitability Ratios (Annualized)

Return on average assets

1.49 %

1.44 %

1.32 %

Return on average shareholders' equity

10.37 %

9.77 %

8.91 %

Return on average tangible shareholders' equity (non-GAAP)(2)

14.15 %

13.22 %

12.12 %

Pre-provision net revenue / average assets (non-GAAP)(3)

1.89 %

1.87 %

1.73 %

Efficiency ratio (FTE) (non-GAAP)(4)

55.52 %

55.23 %

57.73 %

S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited

Six Months Ended June 30,

(dollars in thousands, except per share data)

2026

2025

INTEREST AND DIVIDEND INCOME

Loans, including fees

$232,254

$232,036

Investment Securities:

Taxable

21,516

20,919

Tax-exempt

68

192

Dividends

554

607

Total Interest and Dividend Income

254,392

253,754

INTEREST EXPENSE

Deposits

71,085

77,410

Borrowings, junior subordinated debt securities and other

4,491

6,449

Total Interest Expense

75,576

83,859

NET INTEREST INCOME

178,816

169,895

Provision for credit losses

2,439

(1,066)

Net Interest Income After Provision for Credit Losses

176,377

170,961

NONINTEREST INCOME

Gain (loss) on sale of securities

169

(2,295)

Debit and credit card

8,978

8,776

Service charges on deposit accounts

8,486

8,052

Investment services and trust

6,932

6,126

Other

3,937

3,270

Total Noninterest Income

28,502

23,929

NONINTEREST EXPENSE

Salaries and employee benefits

64,036

62,760

Data processing and information technology

10,321

9,777

Occupancy

8,666

8,326

Furniture, equipment and software

7,016

6,835

Other Taxes

3,836

3,582

Marketing

3,343

3,105

Professional services and legal

2,531

3,025

FDIC insurance

2,147

2,102

Other noninterest expense

13,475

13,693

Total Noninterest Expense

115,371

113,205

Income Before Taxes

89,508

81,685

Income tax expense

17,793

16,384

Net Income

$71,715

$65,301

Per Share Data

Average shares outstanding - diluted

36,591,021

38,618,741

Diluted earnings per share

$1.96

$1.69

Dividends declared per share

$0.73

$0.68

Dividends paid to net income

37.23 %

40.11 %

Profitability Ratios (annualized)

Return on average assets

1.47 %

1.36 %

Return on average shareholders' equity

10.07 %

9.28 %

Return on average tangible shareholders' equity (non-GAAP)(5)

13.68 %

12.69 %

Pre-provision net revenue / average assets (non-GAAP)(6)

1.88 %

1.73 %

Efficiency ratio (FTE) (non-GAAP)(7)

55.38 %

57.37 %

S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited

2026

2026

2025

Second

First

Second

(dollars in thousands)

Quarter

Quarter

Quarter

ASSETS

Cash and due from banks

$217,819

$339,059

$203,118

Securities available for sale, at fair value

1,013,305

1,009,518

1,021,183

Loans held for sale

4,695

694

—

Commercial loans:

Commercial real estate

3,485,893

3,532,106

3,520,294

Commercial and industrial

1,590,086

1,511,082

1,512,027

Commercial construction

475,450

404,012

397,785

Total Commercial Loans

5,551,429

5,447,200

5,430,106

Consumer loans:

Residential mortgage

1,674,052

1,689,731

1,678,992

Home equity

727,702

711,235

681,143

Installment and other consumer

80,086

83,951

100,177

Consumer construction

25,117

27,265

44,016

Total Consumer Loans

2,506,957

2,512,182

2,504,328

Total Portfolio Loans

8,058,386

7,959,382

7,934,434

Allowance for credit losses

(93,320)

(93,271)

(98,580)

Total Portfolio Loans, Net

7,965,066

7,866,111

7,835,854

Federal Home Loan Bank and other restricted stock, at cost

16,796

11,724

15,817

Goodwill

373,424

373,424

373,424

Other Intangible assets, net

1,887

2,069

2,656

Other assets

351,021

341,404

358,017

Total Assets

$9,944,013

$9,944,003

$9,810,069

LIABILITIES

Deposits:

Noninterest-bearing demand

$2,256,542

$2,273,411

$2,182,346

Interest-bearing demand

769,495

784,326

738,251

Money market

2,183,937

2,264,777

2,236,298

Savings

881,967

883,213

879,254

Certificates of deposit

1,994,142

1,979,492

1,884,771

Total Deposits

8,086,083

8,185,219

7,920,920

Borrowings:

Short-term borrowings

200,000

50,000

150,000

Long-term borrowings

25,773

50,794

50,856

Junior subordinated debt securities

49,508

49,493

49,448

Total Borrowings

275,281

150,287

250,304

Other liabilities

178,834

177,816

193,352

Total Liabilities

8,540,198

8,513,322

8,364,576

SHAREHOLDERS' EQUITY

Total Shareholders' Equity

1,403,815

1,430,681

1,445,493

Total Liabilities and Shareholders' Equity

$9,944,013

$9,944,003

$9,810,069

Capitalization Ratios

Shareholders' equity / assets

14.12 %

14.39 %

14.73 %

Tangible common equity / tangible assets (non-GAAP)(9)

10.75 %

11.03 %

11.34 %

Tier 1 leverage ratio

11.58 %

11.82 %

12.18 %

Common equity tier 1 capital

13.64 %

14.18 %

14.59 %

Risk-based capital - tier 1

13.95 %

14.49 %

14.91 %

Risk-based capital - total

15.51 %

16.06 %

16.48 %

S&T Bancorp, Inc.

Consolidated Selected Financial Data

Unaudited

2026

2026

2025

Second

First

Second

(dollars in thousands)

Quarter

Quarter

Quarter

Net Interest Margin (FTE) (non-GAAP) (QTD Averages)

ASSETS

Interest-bearing deposits with banks

$127,429

3.69 %

$153,396

3.70 %

$120,156

4.46 %

Securities, at fair value

1,007,484

3.83 %

997,037

3.78 %

1,011,629

3.79 %

Loans held for sale

2,034

6.47 %

1,002

6.57 %

—

— %

Commercial real estate

3,503,981

5.90 %

3,579,903

5.80 %

3,477,321

5.88 %

Commercial and industrial

1,555,118

6.18 %

1,513,557

6.25 %

1,519,133

6.71 %

Commercial construction

433,427

6.40 %

387,412

6.42 %

382,363

6.94 %

Total Commercial Loans

5,492,526

6.02 %

5,480,872

5.97 %

5,378,817

6.19 %

Residential mortgage

1,672,326

5.39 %

1,701,695

5.37 %

1,674,231

5.26 %

Home equity

720,484

5.91 %

707,856

5.90 %

670,066

6.37 %

Installment and other consumer

82,452

7.43 %

87,693

7.39 %

99,550

7.88 %

Consumer construction

27,370

6.61 %

30,124

6.69 %

41,025

6.82 %

Total Consumer Loans

2,502,632

5.62 %

2,527,368

5.61 %

2,484,872

5.69 %

Total Portfolio Loans

7,995,158

5.89 %

8,008,240

5.86 %

7,863,689

6.03 %

Total Loans

7,997,192

5.89 %

8,009,242

5.86 %

7,863,689

6.03 %

Total other earning assets

13,772

8.40 %

12,806

7.07 %

16,537

7.70 %

Total Interest-earning Assets

9,145,877

5.64 %

9,172,481

5.60 %

9,012,011

5.76 %

Noninterest-earning assets

694,086

692,974

712,891

Total Assets

$9,839,963

$9,865,455

$9,724,902

LIABILITIES AND SHAREHOLDERS' EQUITY

Interest-bearing demand

$777,216

0.94 %

$778,502

0.93 %

$763,687

1.01 %

Money market

2,185,936

2.57 %

2,245,922

2.60 %

2,188,771

3.04 %

Savings

879,391

0.67 %

873,304

0.65 %

880,448

0.69 %

Certificates of deposit

1,994,523

3.64 %

1,965,807

3.73 %

1,872,329

4.07 %

Total Interest-bearing Deposits

5,837,066

2.43 %

5,863,535

2.47 %

5,705,235

2.75 %

Short-term borrowings

106,209

3.86 %

74,162

3.99 %

135,659

4.63 %

Long-term borrowings

25,783

3.76 %

50,805

3.80 %

50,866

3.80 %

Junior subordinated debt securities

49,499

6.47 %

49,485

6.53 %

49,439

7.12 %

Total Borrowings

181,491

4.56 %

174,452

4.66 %

235,964

4.97 %

Total Other Interest-bearing Liabilities

23,602

3.69 %

22,862

3.69 %

32,202

4.39 %

Total Interest-bearing Liabilities

6,042,159

2.50 %

6,060,849

2.54 %

5,973,401

2.84 %

Noninterest-bearing liabilities

2,379,939

2,348,924

2,315,213

Shareholders' equity

1,417,865

1,455,682

1,436,288

Total Liabilities and Shareholders' Equity

$9,839,963

$9,865,455

$9,724,902

Net Interest Margin (FTE) (non-GAAP)(10)

3.99 %

3.92 %

3.88 %

S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited

Six Months Ended June 30,

(dollars in thousands)

2026

2025

Net Interest Margin (FTE) (non-GAAP) (YTD Averages)

ASSETS

Interest-bearing deposits with banks

$140,341

3.70 %

$124,423

4.46 %

Securities, at fair value

1,002,289

3.81 %

1,001,080

3.69 %

Loans held for sale

1,521

6.49 %

—

— %

Commercial real estate

3,541,732

5.85 %

3,436,686

5.85 %

Commercial and industrial

1,534,452

6.21 %

1,527,139

6.70 %

Commercial construction

410,547

6.41 %

378,643

6.94 %

Total Commercial Loans

5,486,731

5.99 %

5,342,468

6.17 %

Residential mortgage

1,686,930

5.38 %

1,667,242

5.23 %

Home equity

714,205

5.90 %

661,636

6.34 %

Installment and other consumer

85,058

7.41 %

99,476

7.93 %

Consumer construction

28,739

6.66 %

43,080

6.84 %

Total Consumer Loans

2,514,932

5.61 %

2,471,434

5.67 %

Total Portfolio Loans

8,001,663

5.87 %

7,813,902

6.01 %

Total Loans

8,003,184

5.87 %

7,813,902

6.01 %

Total other earning assets

13,291

7.76 %

16,652

7.21 %

Total Interest-earning Assets

9,159,105

5.62 %

8,956,057

5.73 %

Noninterest-earning assets

693,534

719,996

Total Assets

$9,852,639

$9,676,053

LIABILITIES AND SHAREHOLDERS' EQUITY

Interest-bearing demand

$777,855

0.93 %

$771,455

1.01 %

Money market

2,215,763

2.59 %

2,138,836

3.01 %

Savings

876,365

0.66 %

882,531

0.68 %

Certificates of deposit

1,980,244

3.68 %

1,866,616

4.18 %

Total Interest-bearing deposits

5,850,227

2.45 %

5,659,438

2.76 %

Short-term borrowings

90,274

3.92 %

126,740

4.63 %

Long-term borrowings

38,225

3.79 %

50,876

3.80 %

Junior subordinated debt securities

49,492

6.50 %

49,431

7.15 %

Total Borrowings

177,991

4.61 %

227,047

4.99 %

Total Other Interest-bearing Liabilities

23,234

3.69 %

38,032

4.39 %

Total Interest-bearing Liabilities

6,051,452

2.52 %

5,924,517

2.85 %

Noninterest-bearing liabilities

2,364,518

2,332,795

Shareholders' equity

1,436,669

1,418,741

Total Liabilities and Shareholders' Equity

$9,852,639

$9,676,053

Net Interest Margin (FTE) (non-GAAP)(8)

3.95 %

3.84 %

S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited

2026

2026

2025

Second

First

Second

(dollars in thousands)

Quarter

Quarter

Quarter

Nonaccrual Loans

Commercial loans:

% Loans

% Loans

% Loans

Commercial real estate

$9,354

0.27 %

$17,764

0.50 %

$3,967

0.11 %

Commercial and industrial

16,836

1.06 %

18,607

1.23 %

5,459

0.36 %

Commercial construction

—

— %

869

0.22 %

869

0.22 %

Total Nonaccrual Commercial Loans

26,190

0.47 %

37,240

0.68 %

10,295

0.19 %

Consumer loans:

Residential mortgage

10,027

0.60 %

8,950

0.53 %

7,239

0.43 %

Home equity

3,859

0.53 %

3,618

0.51 %

3,593

0.53 %

Installment and other consumer

140

0.18 %

141

0.17 %

185

0.18 %

Total Nonaccrual Consumer Loans

14,026

0.56 %

12,709

0.51 %

11,017

0.44 %

Total Nonaccrual Loans

$40,216

0.50 %

$49,949

0.63 %

$21,312

0.27 %

2026

2026

2025

Second

First

Second

(dollars in thousands)

Quarter

Quarter

Quarter

Loan Charge-offs (Recoveries)

Charge-offs

$1,236

$1,935

$1,656

Recoveries

(241)

(248)

(498)

Net Loan Charge-offs

$995

$1,687

$1,158

Net Loan Charge-offs (Recoveries)

Commercial loans:

Commercial real estate

$249

$492

($16)

Commercial and industrial

614

175

331

Commercial construction

69

—

89

Total Commercial Loan Charge-offs

932

667

404

Consumer loans:

Residential mortgage

223

27

13

Home equity

74

236

160

Installment and other consumer

(234)

757

581

Total Consumer Loan Charge-offs

63

1,020

754

Total Net Loan Charge-offs

$995

$1,687

$1,158

S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited

Six Months Ended June 30,

(dollars in thousands)

2026

2025

Loan Charge-offs (Recoveries)

Charge-offs

$3,171

$2,540

Recoveries

(489)

(1,409)

Net Loan Charge-offs

$2,682

$1,131

Net Loan Charge-offs

Commercial loans:

Commercial real estate

$741

($162)

Commercial and industrial

789

485

Commercial construction

69

119

Total Commercial Loan Charge-offs

1,599

442

Consumer loans:

Residential mortgage

250

26

Home equity

310

179

Installment and other consumer

523

484

Total Consumer Loan Charge-offs

1,083

689

Total Net Loan Charge-offs

$2,682

$1,131

2026

2026

2025

Second

First

Second

(dollars in thousands)

Quarter

Quarter

Quarter

Asset Quality Data

Nonaccrual loans

$40,216

$49,949

$21,312

OREO

—

—

—

Total nonperforming assets

40,216

49,949

21,312

Nonaccrual loans / total loans

0.50 %

0.63 %

0.27 %

Nonperforming assets / total loans plus OREO

0.50 %

0.63 %

0.27 %

Allowance for credit losses / total portfolio loans

1.16 %

1.17 %

1.24 %

Allowance for credit losses / nonaccrual loans

232 %

187 %

463 %

Net loan charge-offs

$995

$1,687

$1,158

Net loan charge-offs (annualized) / average loans

0.05 %

0.09 %

0.06 %

Six Months Ended June 30,

(dollars in thousands)

2026

2025

Asset Quality Data

Net loan charge-offs

$2,682

$1,131

Net loan charge-offs (annualized) / average loans

0.07 %

0.03 %

S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited

Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures:

2026

2026

2025

Second

First

Second

(dollars in thousands, except per share data)

Quarter

Quarter

Quarter

(1) Tangible Book Value (non-GAAP)

Total shareholders' equity

$1,403,815

$1,430,681

$1,445,493

Less: goodwill and other intangible assets, net of deferred tax liability

(374,915)

(375,059)

(375,522)

Tangible common equity (non-GAAP)

$1,028,900

$1,055,622

$1,069,971

Common shares outstanding

35,264,936

36,259,649

38,345,448

Tangible book value (non-GAAP)

$29.18

$29.11

$27.90

Tangible book value is a preferred industry metric used to measure our company's value and commonly used by investors and analysts.

(2) Return on Average Tangible Shareholders' Equity (non-GAAP)

Net income (annualized)

$146,975

$142,236

$127,951

Plus: amortization of intangibles (annualized), net of tax

577

583

653

Net income before amortization of intangibles (annualized)

$147,552

$142,819

$128,604

Average total shareholders' equity

$1,417,865

$1,455,682

$1,436,288

Less: average goodwill and other intangible assets, net of deferred tax liability

(374,991)

(375,136)

(375,572)

Average tangible equity (non-GAAP)

$1,042,874

$1,080,546

$1,060,716

Return on average tangible shareholders' equity (non-GAAP)

14.15 %

13.22 %

12.12 %

Return on average tangible shareholders' equity is a preferred industry profitability metric used by management, as well as investors and analysts, to measure
financial performance.

(3) Pre-provision Net Revenue / Average Assets (non-GAAP)

Income before taxes

$45,464

$44,044

$39,984

Plus: net (gain) loss on sale of securities and VISA Class B-2 exchange

(169)

—

—

Plus: Provision for credit losses

1,112

1,327

1,974

Total

$46,407

$45,371

$41,958

Total (annualized) (non-GAAP)

$186,138

$184,005

$168,293

Average assets

$9,839,963

$9,865,455

$9,724,902

Pre-provision Net Revenue / Average Assets (non-GAAP)

1.89 %

1.87 %

1.73 %

Pre-provision net revenue to average assets is income before taxes adjusted to exclude provision for credit losses, losses (gains) on sale of securities and gain on Visa
exchange. We believe this to be a preferred industry measurement to help management, as well as investors and analysts, evaluate our ability to fund credit losses
or build capital.

(4) Efficiency Ratio (FTE) (non-GAAP)

Noninterest expense

$58,664

$56,707

$58,114

Net interest income per consolidated statements of net income

$90,380

$88,436

$86,572

Plus: taxable equivalent adjustment

584

590

590

Net interest income (FTE) (non-GAAP)

90,964

89,026

87,162

Noninterest income

14,860

13,642

13,500

Plus: net (gain) loss on sale of securities and VISA Class B-2 exchange

(169)

—

—

Net interest income (FTE) (non-GAAP) plus noninterest income

$105,655

$102,668

$100,662

Efficiency ratio (FTE) (non-GAAP)

55.52 %

55.23 %

57.73 %

The efficiency ratio is noninterest expense divided by noninterest income plus net interest income, on an FTE basis (non-GAAP), adjusted to exclude losses (gains) on
sale of securities and gain on Visa exchange. We believe the FTE basis ensures comparability of net interest income arising from both taxable and tax-exempt sources
and is consistent with industry practice.

S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited

Six Months Ended June 30,

(dollars in thousands)

2026

2025

(5) Return on Average Tangible Shareholders' Equity (non-GAAP)

Net income (annualized)

$144,619

$131,684

Plus: amortization of intangibles (annualized), net of tax

580

712

Net income before amortization of intangibles (annualized)

$145,199

$132,396

Average total shareholders' equity

$1,436,669

$1,418,741

Less: average goodwill and other intangible assets, net of deferred tax liability

(375,063)

(375,656)

Average tangible equity (non-GAAP)

$1,061,606

$1,043,085

Return on average tangible shareholders' equity (non-GAAP)

13.68 %

12.69 %

Return on average tangible shareholders' equity is a preferred industry profitability metric used by management, as well as investors and analysts, to measure
financial performance.

(6) Pre-provision Net Revenue / Average Assets (non-GAAP)

Income before taxes

$89,508

$81,685

Plus: net loss (gain) on sale of securities and VISA Class B-2 exchange

(169)

2,295

Plus: Provision for credit losses

2,439

(1,066)

Total (non-GAAP)

$91,778

$82,914

Total (annualized) (non-GAAP)

$185,077

$167,202

Average assets

$9,852,639

$9,676,053

Pre-provision Net Revenue / Average Assets (non-GAAP)

1.88 %

1.73 %

Pre-provision net revenue to average assets is income before taxes adjusted to exclude provision for credit losses, losses (gains) on sale of securities and gain on Visa
exchange. We believe this to be a preferred industry measurement, to help management, as well as investors and analysts, evaluate our ability to fund credit losses
or build capital.

(7) Efficiency Ratio (FTE) (non-GAAP)

Noninterest expense

$115,371

$113,205

Net interest income per consolidated statements of net income

$178,816

$169,895

Plus: taxable equivalent adjustment

1,174

1,208

Net interest income (FTE) (non-GAAP)

179,990

171,103

Noninterest income

28,502

23,929

Plus: net loss (gain) on sale of securities and VISA Class B-2 exchange

(169)

2,295

Net interest income (FTE) (non-GAAP) plus noninterest income

$208,323

$197,327

Efficiency ratio (FTE) (non-GAAP)

55.38 %

57.37 %

The efficiency ratio is noninterest expense divided by noninterest income plus net interest income, on an FTE basis (non-GAAP), adjusted to exclude losses (gains) on
sale of securities and gain on Visa exchange. We believe the FTE basis ensures comparability of net interest income arising from both taxable and tax-exempt sources
and is consistent with industry practice.

(8) Net Interest Margin (FTE) (non-GAAP)

Interest income and dividend income

$254,392

$253,754

Less: interest expense

(75,576)

(83,859)

Net interest income per consolidated statements of net income

178,816

169,895

Plus: taxable equivalent adjustment

1,174

1,208

Net interest income (FTE) (non-GAAP)

$179,990

$171,103

Net interest income (FTE) (annualized)

$362,963

$345,042

Average interest-earning assets

$9,159,105

$8,956,057

Net interest margin - (FTE) (non-GAAP)

3.95 %

3.84 %

The interest income on interest-earning assets, net interest income and net interest margin are presented on an FTE basis (non-GAAP). The FTE basis (non-GAAP)
adjusts for the tax benefit of income on certain tax-exempt loans and securities and the dividend-received deduction for equity securities using the federal statutory
tax rate of 21 percent for each period. We believe this to be the preferred industry measurement of net interest income that provides a relevant comparison between
taxable and non-taxable sources of interest income.

S&T Bancorp, Inc.
Consolidated Selected Financial Data
Unaudited

Definitions and Reconciliation of GAAP to Non-GAAP Financial Measures:

2026

2026

2025

Second

First

Second

(dollars in thousands)

Quarter

Quarter

Quarter

(9) Tangible Common Equity / Tangible Assets (non-GAAP)

Total shareholders' equity

$1,403,815

$1,430,681

$1,445,493

Less: goodwill and other intangible assets, net of deferred tax liability

(374,915)

(375,059)

(375,522)

Tangible common equity (non-GAAP)

$1,028,900

$1,055,622

$1,069,971

Total assets

$9,944,013

$9,944,003

$9,810,069

Less: goodwill and other intangible assets, net of deferred tax liability

(374,915)

(375,059)

(375,522)

Tangible assets (non-GAAP)

$9,569,098

$9,568,944

$9,434,547

Tangible common equity to tangible assets (non-GAAP)

10.75 %

11.03 %

11.34 %

Tangible common equity to tangible assets is a preferred industry measurement to evaluate capital adequacy.

(10) Net Interest Margin (FTE) (non-GAAP)

Interest income and dividend income

$128,059

$126,333

$128,906

Less: interest expense

(37,679)

(37,897)

(42,334)

Net interest income per consolidated statements of net income

90,380

88,436

86,572

Plus: taxable equivalent adjustment

584

590

590

Net interest income (FTE) (non-GAAP)

$90,964

$89,026

$87,162

Net interest income (FTE) (annualized)

$364,856

$361,050

$349,606

Average interest-earning assets

$9,145,877

$9,172,481

$9,012,011

Net interest margin (FTE) (non-GAAP)

3.99 %

3.92 %

3.88 %

The interest income on interest-earning assets, net interest income and net interest margin are presented on an FTE basis (non-GAAP). The FTE basis (non-GAAP)
adjusts for the tax benefit of income on certain tax-exempt loans and securities and the dividend-received deduction for equity securities using the federal statutory
tax rate of 21 percent for each period. We believe this to be the preferred industry measurement of net interest income that provides a relevant comparison between
taxable and non-taxable sources of interest income.

SOURCE S&T Bancorp, Inc.

CHICAGO, July 23, 2026 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) today released new research revealing that despite a decline in incidents across many fraud types, fraud losses in auto lending have increased significantly in recent years. The findings point to a fraud environment impacting dealerships and auto lenders where fewer events drive greater financial losses. Today’s fraudsters have evolved to concentrate on higher-value opportunities throughout the lending lifecycle, especially as new and used vehicle prices reach heightened levels.

Auto lenders are facing substantially higher fraud-related losses across multiple fraud categories. Between Q3 2018 and Q3 2025, losses tied to first-party, third-party and synthetic fraud increased significantly. First-party fraud, which occurs when an individual deliberately provides false information or misrepresents themselves to obtain goods, services or credit, experienced the largest increase. It saw estimated losses rising from $88 million to $323 million—an increase of approximately 267% over the period.

Gaps in fraud detection, especially resolving identities, open the door to large charge-off losses by lenders and dealerships that most often are not found out until weeks or months later and are not recoverable.

“Fraudsters are becoming increasingly targeted and efficient,” said Satyan Merchant, senior vice president and automotive and mortgage business leader at TransUnion. “While fraud volume remains an important indicator of risk, we are seeing criminals drive significantly higher losses through fewer, more strategic attacks by targeting high-value opportunities and exploiting vulnerabilities across the lending lifecycle. For lenders, effectively managing fraud risk requires a comprehensive view of both frequency and financial impact—not only how often fraud occurs, but also the severity of each incident and its potential effect on the business.”

Auto Lending Fraud Losses Saw Significant Growth Across Multiple Fraud Segments
Fraud TypeQ3 2018Q3 2025First-party Fraud$88 million$323 millionThird-party Fraud$18 million$47 millionSynthetic Fraud$93 million$208 millionSource: TransUnion US consumer credit database
  Third-party fraud, which involves the use of another person’s identity without their knowledge or consent, is a clear example of the divergent trends of incidences and losses. In auto lending, the incidence rate in Q3 2025 was less than half its Q3 2018 level, yet associated losses were 2.6 times higher. Similar trends were observed for other types of fraud. These gaps show how fraudsters are becoming more strategic and executing fewer schemes while targeting larger loan balances and generating greater losses.

Though less common, third-party fraud can produce substantial losses due to the high balances associated with fraudulent auto loans. Some of the largest losses occur among traditionally lower-risk, higher-credit tiers, where fraud incidence is lower, but loss severity is significantly higher.

A Growing Threat: Credit Washing and Hidden Credit Risk

Beyond traditional fraud activity, lenders are also confronting emerging forms of identity and credit manipulation that can mask underlying risk. Credit washing, in particular, is creating new challenges by artificially enhancing the creditworthiness of some borrowers.

Credit washing conceals critical risk signals and undermines the accuracy of credit-based decisioning. Consumers with suppressed negative tradelines can exhibit risk levels similar to much lower credit tiers despite appearing prime or above prime at origination. In some cases, they are several times more likely to experience early charge-off in the 12 months following origination than borrowers without suppressed credit events.

Charge-off Increases Among Credit Washers Across All Risk Tiers
Credit Risk Tier at OriginationSubsequent Percentage Charge-Off in 12 Months Post Auto
OriginationCredit WasherOther ConsumersSubprime14.8%
10.3%
Near prime6.7%
3.6%
Prime5.6%
1.2%
Prime plus4.8%
0.4%
Super prime3.6%
0.1%
Source: TransUnion US consumer credit database
Data observation period: 2024 originations sample set
  “Credit washing is one of the more concerning emerging trends because it fundamentally distorts how lenders assess risk,” said Naureen Ali, U.S. head of fraud at TransUnion. “When negative credit information is removed or suppressed, consumers can appear more creditworthy than they really are, leading to a higher likelihood of early default.”

In 2025, roughly 5% of U.S. consumers have had charged-off accounts suppressed for atypical reasons, with an estimated $10 billion in debt erased from credit reports, creating disproportionate risk and decisioning blind spots. These findings reinforce the need for lenders to look beyond traditional credit attributes and incorporate deeper identity intelligence into their processes.

Ali continued, “The goal of fraud solutions like TransUnion's suite of fraud solutions is to help lenders and dealers uncover and identify hidden risks. Whether it is credit washing or identity-based fraud, by combining identity verification and linkage analytics, synthetic ID detection, and anomalies on the credit file, TransUnion can help lenders uncover those hidden risks earlier and allow lenders to make more informed lending decisions.”

To learn more about TransUnion’s fraud solutions and how they can help auto lenders uncover identity-related risks, detect fraud earlier and make more informed lending decisions throughout the account lifecycle, please click here.

About TransUnion (NYSE: TRU)

TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments, we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.

http://www.transunion.com/business

ContactDave Blumberg TransUnion  [email protected]  Telephone
312-972-6646

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23.07.2026 15:11

Evropská centrální banka (ECB) dnes podle očekávání ponechala základní úrokové sazby beze změn, klíčová depozitní sazba tak zůstává na 2,25 procenta. Banka o tom informovala v tiskové zprávě.

V červnu ECB úrokové sazby zvýšila o čtvrt procentního bodu. Zdůvodnila to inflačními tlaky spojenými s konfliktem na Blízkém východě, který vedl k výraznému růstu cen energií. Ke zvýšení úroků minulý měsíc přikročila poprvé za téměř tři roky.

V dnešní zprávě banka uvedla, že přetrvává vysoká nejistota a že se teprve ukáže, jaké budou plné dopady energetického šoku na inflaci. V červnu meziroční míra inflace v eurozóně podle údajů statistického úřadu Eurostat klesla na 2,8 procenta z 3,2 procenta v předchozím měsíci. Zůstala však výrazně nad dvouprocentním cílem ECB.

Ceny ropy navíc v poslední době obnovily růst kvůli eskalaci konfliktu na Blízkém východě. "Ponechává to otevřené dveře dalšímu zvýšení úrokových sazeb v září," uvedl podle agentury Reuters ekonom Anatoli Annenkov ze společnosti Société Générale.

Tagy: Inflace, úrokové sazby, ecb, eurozona
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Norfolk Southern logo is seen in this illustration taken August 5, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

July 23 (Reuters) - Norfolk Southern (NSC.N), opens new tab beat Wall Street expectations for second-quarter adjusted profit on Thursday, as ​stronger freight demand and increased fuel ‌surcharges billed to customers helped counter fuel-cost pressures.

Fuel costs have remained a headwind for transportation companies, ​though railroads have partly offset the ​pressure by passing costs to shippers via ⁠fuel surcharges, operational efficiencies and steady ​intermodal demand.

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

Here are more details:

U.S. gasoline prices topped $4 ​a gallon in March for the first time in more than three years and have remained near that ​level, keeping pressure on fuel-intensive industries.

Atlanta, ​Georgia-based Norfolk reported an adjusted profit of $3.52 per share, ‌compared ⁠with $3.29 per share a year earlier. Analysts expected an adjusted profit of $3.31 per share, according to data compiled by LSEG.

The company's ​railway operating income ​for ⁠the second quarter rose 11% to $3.5 billion from a year earlier.

On ​an adjusted basis, the company's operating ​ratio - ⁠a key measure of efficiency - was 65.5% for the quarter, deteriorating by 210 basis ⁠points from ​a year earlier.

Union Pacific outperforms peers since FebruaryReporting by ​Apratim Sarkar in Bengaluru; Editing by Vijay Kishore

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

Posted by Defense World Staff on Jul 23rd, 2026

Bessemer Group Inc. lessened its holdings in shares of CDW Corporation (NASDAQ:CDW – Free Report) by 98.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,123 shares of the information technology services provider’s stock after selling 1,027,782 shares during the period. Bessemer Group Inc.’s holdings in CDW were worth $1,831,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Root Financial Partners LLC lifted its holdings in CDW by 54.7% during the 1st quarter. Root Financial Partners LLC now owns 263 shares of the information technology services provider’s stock worth $32,000 after buying an additional 93 shares during the period. eCIO Inc. bought a new position in shares of CDW during the fourth quarter worth about $61,000. Covestor Ltd lifted its stake in shares of CDW by 53.4% in the fourth quarter. Covestor Ltd now owns 741 shares of the information technology services provider’s stock worth $101,000 after acquiring an additional 258 shares during the period. American National Bank & Trust bought a new stake in CDW in the fourth quarter valued at approximately $110,000. Finally, Brown Brothers Harriman & Co. increased its position in CDW by 38.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 912 shares of the information technology services provider’s stock valued at $124,000 after purchasing an additional 254 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling In related news, Director David W. Nelms acquired 18,000 shares of the stock in a transaction dated Wednesday, May 27th. The stock was purchased at an average cost of $111.43 per share, with a total value of $2,005,740.00. Following the completion of the purchase, the director directly owned 51,025 shares in the company, valued at $5,685,715.75. This trade represents a 54.50% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.82% of the company’s stock.

Analysts Set New Price Targets CDW has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of CDW from a “neutral” rating to an “overweight” rating and set a $130.00 price target on the stock in a research report on Wednesday, May 27th. Royal Bank Of Canada raised shares of CDW to an “outperform” rating and set a $130.00 target price for the company in a research note on Wednesday, May 27th. Citigroup boosted their target price on shares of CDW from $123.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Weiss Ratings upgraded CDW from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. Finally, UBS Group lowered their price objective on CDW from $162.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, CDW currently has an average rating of “Moderate Buy” and an average target price of $146.88.

Check Out Our Latest Analysis on CDW

CDW Price Performance Shares of CDW opened at $129.83 on Thursday. The business’s fifty day moving average is $128.09 and its 200 day moving average is $126.87. CDW Corporation has a 12-month low of $97.12 and a 12-month high of $183.66. The company has a quick ratio of 1.06, a current ratio of 1.16 and a debt-to-equity ratio of 1.81. The stock has a market cap of $16.59 billion, a P/E ratio of 15.79, a P/E/G ratio of 1.72 and a beta of 0.97.

CDW (NASDAQ:CDW – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.28 EPS for the quarter, meeting analysts’ consensus estimates of $2.28. The business had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.48 billion. CDW had a net margin of 4.70% and a return on equity of 49.67%. CDW’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.15 EPS. Sell-side analysts anticipate that CDW Corporation will post 10.21 earnings per share for the current fiscal year.

CDW Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 25th were paid a dividend of $0.63 per share. The ex-dividend date was Friday, May 22nd. This represents a $2.52 dividend on an annualized basis and a yield of 1.9%. CDW’s payout ratio is 30.66%.

CDW Profile (Free Report)

CDW (NASDAQ: CDW) is a leading provider of information technology products and integrated solutions for business, government, education and healthcare customers. The company sources and resells hardware and software from major technology vendors and packages those products with professional services, managed services and lifecycle support. Its offerings span IT infrastructure, cloud and data center solutions, cybersecurity, networking, unified communications, endpoint devices, and software licensing and procurement services designed to simplify IT operations for customers.

CDW combines a broad product portfolio with consultative sales, implementation and technical support capabilities.

Further Reading Five stocks we like better than CDW Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play Want to see what other hedge funds are holding CDW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CDW Corporation (NASDAQ:CDW – Free Report).

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Posted by Defense World Staff on Jul 23rd, 2026

Bank of New York Mellon Corp lessened its position in Everest Group, Ltd. (NYSE:EG – Free Report) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 215,504 shares of the company’s stock after selling 1,767 shares during the period. Bank of New York Mellon Corp owned approximately 0.43% of Everest Group worth $70,438,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its holdings in shares of Everest Group by 98.9% during the first quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock valued at $66,000 after buying an additional 90 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Everest Group during the second quarter worth approximately $384,000. Marshall Wace LLP bought a new position in Everest Group in the 2nd quarter worth approximately $238,000. Jump Financial LLC bought a new position in Everest Group in the 2nd quarter worth approximately $1,510,000. Finally, Federated Hermes Inc. grew its holdings in Everest Group by 3.7% in the 2nd quarter. Federated Hermes Inc. now owns 14,411 shares of the company’s stock worth $4,898,000 after buying an additional 510 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors.

Everest Group Stock Performance EG opened at $373.61 on Thursday. The company has a market capitalization of $14.78 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth ratio of 0.59 and a beta of 0.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.37 and a quick ratio of 0.37. Everest Group, Ltd. has a 1-year low of $302.44 and a 1-year high of $385.68. The business has a 50 day moving average price of $351.44 and a two-hundred day moving average price of $339.68.

Everest Group (NYSE:EG – Get Free Report) last issued its quarterly earnings results on Monday, March 23rd. The company reported $16.08 earnings per share (EPS) for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%.The firm had revenue of $4.07 billion during the quarter. Research analysts predict that Everest Group, Ltd. will post 52.86 EPS for the current fiscal year.

Everest Group Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $8.00 annualized dividend and a yield of 2.1%. Everest Group’s dividend payout ratio (DPR) is currently 16.27%.

Key Everest Group News Here are the key news stories impacting Everest Group this week:

Positive Sentiment: Zacks noted Everest Group may be positioned to beat upcoming earnings estimates, which could support the stock if results come in ahead of expectations. Article Title Positive Sentiment: Analysts set a price target of $387.73, suggesting some Wall Street upside remains from current levels. Article Title Positive Sentiment: Everest Group’s own profile as a leader in insurance/reinsurance remains intact, and another company’s recognition in Everest Group’s healthcare CXM assessment highlights the firm’s industry relevance. Article Title Neutral Sentiment: One commentary piece argued against the stock, but it did not include any new company-specific operating news. Article Title Negative Sentiment: Zacks Research cut EPS estimates for several periods, including Q2 2026, FY2026, Q1/Q2/Q3/Q4 2027, FY2027, and FY2028, which can weigh on sentiment by implying slightly slower earnings momentum. Article Title Insider Transactions at Everest Group In related news, CEO Jason Keen sold 775 shares of Everest Group stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $351.84, for a total transaction of $272,676.00. Following the transaction, the chief executive officer directly owned 8,170 shares of the company’s stock, valued at $2,874,532.80. The trade was a 8.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades EG has been the topic of several recent analyst reports. Mizuho lifted their target price on Everest Group from $388.00 to $418.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Wells Fargo & Company increased their price target on Everest Group from $356.00 to $373.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. UBS Group set a $355.00 price target on Everest Group in a report on Thursday, May 21st. Atlantic Securities set a $484.00 price objective on shares of Everest Group in a research note on Wednesday, July 15th. Finally, Barclays lifted their price objective on shares of Everest Group from $380.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Four equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $387.73.

View Our Latest Stock Report on Everest Group

Everest Group Company Profile (Free Report)

Everest Group (NYSE:EG) is a global research and consulting firm specializing in strategic advisory, market intelligence, and data-driven analysis for business process, information technology, and emerging technology services. The company provides insights and benchmarks that help enterprises and service providers optimize digital transformation initiatives, sourcing strategies, and operational performance. Through its proprietary research frameworks and data analytics, Everest Group delivers actionable guidance on areas such as automation, cloud migration, customer experience, and supply chain resilience.

With offerings that span advisory engagements, managed services research, and consulting projects, Everest Group serves multiple industry verticals, including banking and financial services, healthcare, manufacturing, telecommunications, and retail.

See Also Five stocks we like better than Everest Group Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play Want to see what other hedge funds are holding EG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Everest Group, Ltd. (NYSE:EG – Free Report).

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Posted by Defense World Staff on Jul 23rd, 2026

California Public Employees Retirement System increased its stake in National Fuel Gas Company (NYSE:NFG – Free Report) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,408 shares of the oil and gas producer’s stock after acquiring an additional 7,025 shares during the period. California Public Employees Retirement System owned approximately 0.24% of National Fuel Gas worth $21,085,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NFG. SJS Investment Consulting Inc. lifted its position in National Fuel Gas by 458.0% in the first quarter. SJS Investment Consulting Inc. now owns 279 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 229 shares during the period. Fairscale Capital LLC acquired a new position in shares of National Fuel Gas during the 4th quarter valued at $29,000. HM Payson & Co. acquired a new position in shares of National Fuel Gas during the 4th quarter valued at $29,000. Eastern Bank acquired a new position in shares of National Fuel Gas during the 4th quarter valued at $42,000. Finally, SHP Wealth Management bought a new stake in shares of National Fuel Gas in the 4th quarter worth $44,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

National Fuel Gas Price Performance Shares of NYSE:NFG opened at $82.93 on Thursday. National Fuel Gas Company has a one year low of $75.17 and a one year high of $97.06. The stock has a fifty day moving average of $78.82 and a 200-day moving average of $84.45. The company has a market capitalization of $7.88 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 1.76 and a beta of 0.37. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.55 and a current ratio of 0.62.

National Fuel Gas (NYSE:NFG – Get Free Report) last issued its earnings results on Thursday, April 30th. The oil and gas producer reported $2.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.14). The company had revenue of $858.37 million during the quarter, compared to analyst estimates of $856.57 million. National Fuel Gas had a return on equity of 20.62% and a net margin of 27.48%.The business’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.39 earnings per share. As a group, equities analysts anticipate that National Fuel Gas Company will post 7.66 EPS for the current fiscal year.

National Fuel Gas Increases Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.555 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.22 dividend on an annualized basis and a yield of 2.7%. This is an increase from National Fuel Gas’s previous quarterly dividend of $0.54. National Fuel Gas’s dividend payout ratio (DPR) is 30.04%.

Analyst Upgrades and Downgrades NFG has been the subject of several research reports. Weiss Ratings cut National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. KeyCorp initiated coverage on National Fuel Gas in a report on Tuesday, April 7th. They set an “overweight” rating and a $110.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $105.50.

View Our Latest Report on NFG

About National Fuel Gas (Free Report)

National Fuel Gas Company (NYSE: NFG) is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.

In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.

Featured Stories Five stocks we like better than National Fuel Gas Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play Want to see what other hedge funds are holding NFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Fuel Gas Company (NYSE:NFG – Free Report).

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