Track market-moving stories before they get noisy

Posted by Defense World Staff on Jul 23rd, 2026

California Public Employees Retirement System trimmed its stake in CoStar Group, Inc. (NASDAQ:CSGP – Free Report) by 27.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 532,683 shares of the technology company’s stock after selling 199,288 shares during the period. California Public Employees Retirement System owned 0.13% of CoStar Group worth $21,488,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CSGP. Reflection Asset Management bought a new stake in CoStar Group during the fourth quarter valued at about $27,000. Lloyd Advisory Services LLC. purchased a new stake in CoStar Group in the fourth quarter worth about $29,000. DV Equities LLC bought a new position in shares of CoStar Group in the fourth quarter worth about $40,000. IFP Advisors Inc lifted its position in shares of CoStar Group by 329.4% during the 4th quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock valued at $41,000 after buying an additional 471 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of CoStar Group by 25,650.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock valued at $43,000 after buying an additional 513 shares in the last quarter. 96.60% of the stock is owned by institutional investors.

CoStar Group Trading Down 2.8% CSGP stock opened at $27.69 on Thursday. CoStar Group, Inc. has a 1-year low of $26.68 and a 1-year high of $97.43. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market capitalization of $11.31 billion, a price-to-earnings ratio of 461.58, a PEG ratio of 0.73 and a beta of 0.74. The business has a 50 day simple moving average of $31.17 and a two-hundred day simple moving average of $41.68.

CoStar Group (NASDAQ:CSGP – Get Free Report) last released its earnings results on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05. The firm had revenue of $897.00 million for the quarter, compared to the consensus estimate of $896.73 million. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. CoStar Group has set its Q2 2026 guidance at 0.270-0.300 EPS and its FY 2026 guidance at 1.320-1.390 EPS. Research analysts anticipate that CoStar Group, Inc. will post 1.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades CSGP has been the subject of several analyst reports. Bank of America reduced their target price on shares of CoStar Group from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. JPMorgan Chase & Co. dropped their price target on shares of CoStar Group from $82.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Citizens Jmp reduced their price objective on shares of CoStar Group from $73.00 to $44.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 29th. Royal Bank Of Canada set a $34.00 price objective on shares of CoStar Group and gave the company a “sector perform” rating in a research report on Monday, July 13th. Finally, BTIG Research restated a “buy” rating and set a $55.00 target price on shares of CoStar Group in a research note on Wednesday, April 29th. Twelve investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, CoStar Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.50.

Get Our Latest Research Report on CoStar Group

Insider Activity In other news, CEO Andrew C. Florance bought 71,430 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of the transaction, the chief executive officer owned 1,722,865 shares of the company’s stock, valued at approximately $60,644,848. This represents a 4.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.18% of the company’s stock.

CoStar Group Company Profile (Free Report)

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.

Read More Five stocks we like better than CoStar 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 CSGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoStar Group, Inc. (NASDAQ:CSGP – Free Report).

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U.S. stock futures were lower this morning, with the Dow futures falling around 200 points on Thursday.

Shares of Rollins Inc (NYSE:ROL) fell sharply in pre-market trading after the company reported worse-than-expected second-quarter financial results.

Rollins reported quarterly earnings of 32 cents per share which missed the analyst consensus estimate of 34 cents per share. The company reported quarterly sales of $1.079 billion which missed the analyst consensus estimate of $1.092 billion.

Rollins shares dipped 15.5% to $36.75 in pre-market trading.

Here are some other stocks moving lower in pre-market trading.

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Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter ended June 30, 2026. “Second quarter results show continued progress against our

Comcast's second-quarter results on Thursday showcased strength at NBCUniversal — particularly in its TV and film units — as the company prepares to split its media and broadband businesses apart.

NBCUniversal's streaming service, Peacock, hit profitability during the quarter for the first time, Comcast said, giving the media business a lift. The streaming service also benefited from live sports including the FIFA World Cup and NBA postseason and brought in new subscribers.

Revenue in the company's content and experiences division, which includes media unit NBCUniversal, rose almost 23% year over year.

Meanwhile, it was a different story with the traditional cable and connectivity business. The company said that its shifted strategy for the broadband business is "gaining traction" following years of significant competition and pressure due to the rise of alternatives like 5G providers.

But Comcast once again reported broadband customer losses for the period, and revenue for the connectivity and platforms segment notched down as its lower pricing plans and promotions took hold.

The diverging storylines for broadband and media come weeks after Comcast said it would divide the two businesses into separate publicly traded companies. In Thursday's release co-CEOs Brian Roberts and Mike Cavanagh called the split "an important step toward creating two focused companies with the financial strength and flexibility to pursue their respective growth strategies."

During Thursday's call with investors, Roberts addressed the separation immediately, noting that there's been a positive reaction following weeks of discussions with "key constituencies, employees at every level, and most of our key partners."

"I feel more positive and energized today than I was on the day we announced," Roberts said Thursday.

Revenue for the connectivity and platforms segment, which includes the Xfinity-branded broadband, mobile and cable TV offerings, was down 3% to $19.8 billion. Earnings before interest, taxes, depreciation and amortization for the unit dropped nearly 6% to $7.96 billion.

Comcast lost 167,000 total broadband residential customers and 280,000 cable TV subscribers during the quarter. Mobile remained a bright spot with additions that once again marked a record quarter and brought its total to 10.2 million lines. Mobile has become a major driver and key part of Comcast's strategy to boost the broadband business.

The content and experiences segment that houses NBCUniversal's TV, film and theme parks, saw revenue of $10.73 billion, boosted by the impact of the FIFA World Cup that began in mid-June and was aired in Spanish in the U.S. on the company's Telemundo network.

Revenue for the TV media unit in particular benefited from Peacock and an increase in advertising, and film studio revenue rose 25%. Theme parks revenue was up nearly 3% as softness at international parks offset higher revenue in Orlando, Florida.

Overall revenue for Comcast was down 1.2% during the second quarter to $29.94 billion. On a pro-forma basis, accounting for the impact of Comcast's Versant spinoff that was completed at the start of the year, the company said quarterly revenue was 4.7% higher.

Comcast reported adjusted earnings per share of $1.04, topping Wall Street estimates of 97 cents, according to LSEG. Comcast reported net income attributable to the company of $3.53 billion.

Disclosure: Versant Media Group is the parent company of CNBC.

Comcast (CMCSA - Free Report) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $1.25 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +7.22%. A quarter ago, it was expected that this cable provider would post earnings of $0.73 per share when it actually produced earnings of $0.79, delivering a surprise of +8.22%.

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

Comcast, which belongs to the Zacks Cable Television industry, posted revenues of $29.94 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.62%. This compares to year-ago revenues of $30.31 billion. The company has topped consensus revenue estimates four times over the last four quarters.

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

Comcast shares have lost about 21.3% since the beginning of the year versus the S&P 500's gain of 9.6%.

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

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

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

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

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.02 on $30.01 billion in revenues for the coming quarter and $3.48 on $121.57 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Cable Television is currently in the bottom 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Charter Communications (CHTR - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 24.

This cable provider is expected to post quarterly earnings of $9.96 per share in its upcoming report, which represents a year-over-year change of +8.5%. The consensus EPS estimate for the quarter has been revised 0.5% lower over the last 30 days to the current level.

Charter Communications' revenues are expected to be $13.52 billion, down 1.8% from the year-ago quarter.

PHILADELPHIA--(BUSINESS WIRE)--Investor litigation firm Kaskela Law announces that it is investigating DexCom, Inc. (Nasdaq: DXCM) on behalf of the company's long-term investors. Click here for additional information: https://kaskelalaw.com/case/dexcom-inc/ Recently a securities fraud complaint was filed against DexCom on behalf of investors who purchased shares of the company's stock between January 8, 2024 and September 17, 2025 (the “Wrongdoing Period”). According to the complaint, during th.

Integrated power, liquid cooling, racks and deployment services provide a repeatable physical infrastructure configuration for high-density AI systems

, /PRNewswire/ -- Vertiv (NYSE: VRT), a global leader in critical digital infrastructure, today announced the deployment of integrated power, liquid cooling, rack infrastructure and installation services supporting the Naval Postgraduate School's (NPS) new NVIDIA DGX™ GB300 system. The project establishes an advanced, locally operated AI environment for education, research, digital engineering, modeling and simulation. It also demonstrates how an existing facility can be transformed to support the electrical, thermal and operational requirements of next-generation accelerated computing.

The Naval Postgraduate School’s new rack-scale AI deployment features the NVIDIA DGX GB300 AI system and Vertiv SmartIT pre-integrated rack-level AI infrastructure. NVIDIA provided the DGX GB300 system to NPS, while Vertiv provided and deployed the supporting physical infrastructure, engineering expertise and installation services required to bring the high-density, liquid-cooled environment online.

"Advanced AI systems are redefining the physical requirements of the data center," said Gio Albertazzi, CEO of Vertiv. "The NPS deployment demonstrates what is required to turn rack-scale accelerated computing into operational AI capability. By coordinating compute requirements with power, liquid cooling, installation and lifecycle readiness, organizations can deploy AI faster, reduce integration risk and create a repeatable foundation for future growth."

Turning AI compute into operational capability
Rack-scale AI systems are changing how organizations plan and deploy digital infrastructure. Enterprise AI requires a complete physical configuration that coordinates compute, power, liquid cooling, racks, controls, installation, commissioning and lifecycle support.

The NPS project provides a practical example of how an existing facility can be modernized to support advanced AI capability without waiting for an entirely new purpose-built environment. For enterprise, government, research and institutional customers, this approach can reduce deployment complexity, accelerate time to productive AI capacity and establish a scalable foundation for future expansion.

High-density AI systems require substantially more power and cooling capacity than traditional IT environments. Deployments can involve power distribution upgrades, liquid-cooling integration, facility modifications, fluid management and specialized commissioning. Designing these elements as a coordinated system can reduce integration risk and improve operational readiness.

A repeatable physical configuration for Enterprise AI
The Vertiv™ SmartIT pre-integrated, rack-level AI infrastructure portfolio is designed to accelerate AI deployment across a range of physical infrastructure configurations, from standalone enterprise systems to fully integrated whitespace solutions. For larger-scale environments, Vertiv SmartIT can be integrated with Vertiv™ SmartRun to extend the same pre-engineered architecture converging the whitespace, coordinating rack infrastructure, power, cooling, controls and services as one deployable system. This modular approach provides customers with a repeatable path from an initial AI deployment to broader capacity expansion in both existing facilities and new builds.

Working with NVIDIA, NPS, the NPS Foundation and a broad ecosystem of partners, Vertiv designed and delivered a three-rack Vertiv SmartIT integrated AI infrastructure configuration to support the NVIDIA system. The Vertiv SmartIT configuration integrates:

Power protection and distribution AI infrastructure racks Liquid-cooling technologies Fluid management and monitoring Facility and system interfaces Installation sequencing Testing and commissioning support "Deploying an AI factory requires more than accelerated computing — it requires power, cooling and physical infrastructure engineered to work together," said Charlie Boyle, vice president of DGX systems at NVIDIA. "Together with Vertiv, we're bringing the NVIDIA DGX GB300 system online at the Naval Postgraduate School, giving researchers and faculty the infrastructure to advance AI research, digital engineering and education."

To learn more about how Vertiv helps organizations deploy high-density Enterprise AI infrastructure, visit www.vertiv.com.

About Vertiv
Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.

Forward-looking statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT
[email protected]

SOURCE Vertiv Holdings Co

Zbrojařská a strojírenská skupina Czechoslovak Group (CSG) si vzala nový úvěr až 3,062 miliardy eur (74 miliard korun) na refinancování stávajících úvěrů. Reálně chce ale skupina z úvěru čerpat stejný objem peněz jako u předešlých úvěrů, tedy přibližně 1,7 miliardy eur (41,1 miliardy korun), sdělila CSG v prohlášení. Nové financování rozkládá splatnost dluhu do delšího období, takže CSG nebude muset v roce 2029 refinancovat většinu svých úvěrů najednou.

Nový úvěr nahrazuje dva stávající úvěry, z nichž jeden byl až do výše 1,545 miliardy eur (37,3 miliardy Kč) a druhý až do 600 milionů eur (14,5 miliardy korun). Oba byly splatné do 22. listopadu 2029, s celkovým čerpáním přibližně 1,7 miliardy eur (41,1 miliardy korun). Nově bude částka 717 milionů eur (17,3 miliardy korun) splatná do roku 2029, další část ve výši 850 milionů eur (20,6 miliardy korun) pak až za šest let od uzavření transakce.

Nová struktura financování je podle CSG uspořádána tak, že se výrazně přibližuje podmínkám společností s investičním ratingem. Transakce, včetně dobrovolného refinancování, snižuje úrokové náklady o 1,25 až 1,5 procentního bodu ve srovnání s předchozími úvěry, uvádí CSG.

"Společnost zároveň potvrzuje svůj výhled zadlužení pro fiskální rok 2026, kdy očekává poměr čistého dluhu k zisku před zdaněním a odpisy (EBITDA) za posledních 12 měsíců nižší než 1,3," uvedla dále.

CSG je přední evropská obranná průmyslová skupina, nejvyšší vedení sídlí v Praze. Výrobní závody má ve Spojených státech, v Británii, ve Španělsku, v Itálii, Německu, Česku, na Slovensku, v?Srbsku a Indii. Zaměstnává více než 14 000 lidí, loni vykázala tržby 6,7 miliardy eur (162 miliard Kč). S akciemi CSG se od ledna obchoduje na amsterodamské a pražské burze, přičemž od té doby ztratily přes polovinu hodnoty.

Zdroj foto: CSG

Posted by Defense World Staff on Jul 23rd, 2026

California Public Employees Retirement System lifted its holdings in shares of Ally Financial Inc. (NYSE:ALLY – Free Report) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 512,887 shares of the financial services provider’s stock after buying an additional 27,233 shares during the period. California Public Employees Retirement System owned approximately 0.17% of Ally Financial worth $20,121,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Ally Financial during the 4th quarter valued at about $29,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Ally Financial during the fourth quarter valued at approximately $35,000. Safe Harbor Fiduciary LLC bought a new position in Ally Financial during the fourth quarter valued at approximately $37,000. Harvest Fund Management Co. Ltd purchased a new stake in Ally Financial in the fourth quarter worth approximately $38,000. Finally, SJS Investment Consulting Inc. boosted its holdings in Ally Financial by 30.8% in the first quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 240 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors.

Key Stories Impacting Ally Financial Here are the key news stories impacting Ally Financial this week:

Positive Sentiment: Revenue came in above estimates at $2.28 billion, up 9.8% year over year, showing that Ally Financial’s core business continues to grow. Ally Financial reports second quarter 2026 financial results Positive Sentiment: Car loans jumped 21% and deposits benefited from Ally’s digital-first banking strategy, signaling ongoing franchise strength in key lending and funding areas. Ally Financial’s Car Loans Jump 21%, Beating Analysts’ Estimates Neutral Sentiment: The company announced a quarterly dividend of $0.30 per share, which supports the shareholder return profile but is unlikely to be the main driver of the stock’s move. Ally Financial reports second quarter 2026 financial results Negative Sentiment: Adjusted EPS of $1.21 missed consensus by a penny, and investors are also focusing on higher provisions and expenses that pressured profitability. Ally Financial Q2 2026 earnings miss analyst estimates Negative Sentiment: Coverage also highlighted stubborn auto delinquencies and concerns about credit risk and capital management, which may limit near-term upside. Ally grows despite stubbornly high auto delinquencies Ally Financial Trading Up 0.4% Shares of Ally Financial stock opened at $44.63 on Thursday. The company’s fifty day simple moving average is $44.25 and its 200-day simple moving average is $42.63. The stock has a market capitalization of $13.68 billion, a PE ratio of 10.53, a P/E/G ratio of 0.25 and a beta of 1.09. Ally Financial Inc. has a 1-year low of $35.92 and a 1-year high of $47.29. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.93.

Ally Financial (NYSE:ALLY – Get Free Report) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.01). The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.22 billion. Ally Financial had a return on equity of 11.75% and a net margin of 16.75%.Ally Financial’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 earnings per share. As a group, equities analysts anticipate that Ally Financial Inc. will post 5.32 earnings per share for the current year.

Ally Financial Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be given a $0.30 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.7%. Ally Financial’s dividend payout ratio is presently 29.27%.

Wall Street Analysts Forecast Growth ALLY has been the subject of a number of research reports. Bank of America boosted their target price on shares of Ally Financial from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Truist Financial set a $54.00 price objective on Ally Financial in a report on Tuesday, April 21st. Wall Street Zen cut Ally Financial from a “buy” rating to a “hold” rating in a research report on Monday, June 8th. Barclays increased their target price on Ally Financial from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. Finally, Evercore reissued an “outperform” rating and issued a $54.00 target price on shares of Ally Financial in a research report on Tuesday, April 21st. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ally Financial currently has an average rating of “Moderate Buy” and an average price target of $53.86.

Get Our Latest Report on ALLY

Insider Activity at Ally Financial In other news, insider Stephanie N. Richard sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $42.14, for a total value of $210,700.00. Following the transaction, the insider owned 93,927 shares of the company’s stock, valued at $3,958,083.78. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is owned by company insiders.

Ally Financial Company Profile (Free Report)

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.

See Also Five stocks we like better than Ally Financial 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 ALLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ally Financial Inc. (NYSE:ALLY – Free Report).

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Posted by Defense World Staff on Jul 23rd, 2026

ABN Amro Investment Solutions lifted its position in shares of Amphenol Corporation (NYSE:APH – Free Report) by 16.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,550 shares of the electronics maker’s stock after acquiring an additional 7,488 shares during the quarter. ABN Amro Investment Solutions’ holdings in Amphenol were worth $6,766,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in Amphenol by 114.0% in the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker’s stock valued at $1,224,000 after acquiring an additional 9,390 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Amphenol by 87.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker’s stock valued at $701,000 after purchasing an additional 4,721 shares in the last quarter. Bison Wealth LLC grew its position in shares of Amphenol by 8.3% in the fourth quarter. Bison Wealth LLC now owns 8,042 shares of the electronics maker’s stock valued at $559,000 after purchasing an additional 618 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Amphenol by 55.4% in the second quarter. NewEdge Advisors LLC now owns 62,946 shares of the electronics maker’s stock valued at $6,216,000 after purchasing an additional 22,434 shares during the last quarter. Finally, Main Street Financial Solutions LLC increased its stake in shares of Amphenol by 15.5% during the 2nd quarter. Main Street Financial Solutions LLC now owns 4,745 shares of the electronics maker’s stock worth $469,000 after purchasing an additional 638 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling In other Amphenol news, CEO Richard Adam Norwitt sold 17,500 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $143.21, for a total transaction of $2,506,175.00. Following the completion of the sale, the chief executive officer directly owned 1,927,507 shares in the company, valued at $276,038,277.47. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 130,775 shares of company stock worth $18,709,350 in the last ninety days. Corporate insiders own 1.42% of the company’s stock.

Amphenol Stock Performance Shares of APH stock opened at $157.78 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.26 and a current ratio of 1.71. The firm has a market capitalization of $194.11 billion, a price-to-earnings ratio of 45.34, a price-to-earnings-growth ratio of 1.35 and a beta of 1.24. Amphenol Corporation has a one year low of $95.19 and a one year high of $178.52. The company has a 50 day moving average price of $151.63 and a 200 day moving average price of $144.48.

Amphenol (NYSE:APH – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The electronics maker reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.11. The company had revenue of $7.62 billion for the quarter, compared to analyst estimates of $7.08 billion. Amphenol had a net margin of 17.24% and a return on equity of 37.44%. Amphenol’s revenue for the quarter was up 58.4% on a year-over-year basis. During the same quarter last year, the business earned $0.63 EPS. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. Sell-side analysts anticipate that Amphenol Corporation will post 4.87 EPS for the current year.

Amphenol Announces Dividend The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 23rd. Amphenol’s payout ratio is 28.74%.

Analyst Ratings Changes A number of equities research analysts recently issued reports on APH shares. Wall Street Zen lowered Amphenol from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Jefferies Financial Group raised their price target on Amphenol from $165.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Rothschild & Co Redburn upped their price objective on Amphenol from $160.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Barclays reiterated an “overweight” rating and set a $200.00 price objective (up from $198.00) on shares of Amphenol in a research report on Monday, July 13th. Finally, TD Cowen restated a “hold” rating and issued a $175.00 target price (up from $135.00) on shares of Amphenol in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $186.00.

Check Out Our Latest Report on Amphenol

Amphenol Profile (Free Report)

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.

See Also Five stocks we like better than Amphenol 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 APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Corporation (NYSE:APH – Free Report).

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Posted by Defense World Staff on Jul 23rd, 2026

Aureus Asset Management LLC acquired a new stake in Baker Hughes Company (NASDAQ:BKR – Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 27,998 shares of the company’s stock, valued at approximately $1,709,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BKR. Pinion Investment Advisors LLC bought a new position in shares of Baker Hughes in the 4th quarter valued at about $778,000. OP Asset Management Ltd acquired a new position in Baker Hughes in the first quarter valued at approximately $6,049,000. USA Financial Formulas acquired a new position in Baker Hughes in the fourth quarter valued at approximately $830,000. Ninety One UK Ltd boosted its stake in Baker Hughes by 28.6% in the fourth quarter. Ninety One UK Ltd now owns 469,329 shares of the company’s stock valued at $21,373,000 after acquiring an additional 104,428 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Baker Hughes by 17.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 484,310 shares of the company’s stock worth $22,055,000 after acquiring an additional 72,714 shares during the period. Institutional investors own 92.06% of the company’s stock.

Wall Street Analyst Weigh In A number of research analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on Baker Hughes from $63.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Royal Bank Of Canada upped their price objective on Baker Hughes from $68.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, April 27th. Citigroup increased their target price on Baker Hughes from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. BMO Capital Markets raised their target price on Baker Hughes from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, April 27th. Finally, Barclays decreased their target price on Baker Hughes from $74.00 to $72.00 and set an “equal weight” rating for the company in a research report on Thursday, July 16th. Eighteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.00.

View Our Latest Stock Analysis on BKR

Baker Hughes Trading Up 0.4% NASDAQ BKR opened at $56.60 on Thursday. Baker Hughes Company has a one year low of $41.15 and a one year high of $70.41. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.13 and a quick ratio of 1.77. The firm has a market cap of $56.15 billion, a P/E ratio of 18.08, a P/E/G ratio of 2.35 and a beta of 0.96. The stock’s 50-day moving average is $60.31 and its 200-day moving average is $59.85.

Baker Hughes (NASDAQ:BKR – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.49 by $0.09. The business had revenue of $6.59 billion for the quarter, compared to analysts’ expectations of $6.71 billion. Baker Hughes had a net margin of 11.17% and a return on equity of 14.17%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 EPS. Sell-side analysts anticipate that Baker Hughes Company will post 2.26 earnings per share for the current fiscal year.

Insider Buying and Selling In related news, CEO Lorenzo Simonelli sold 181,411 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $58.43, for a total transaction of $10,599,844.73. Following the completion of the transaction, the chief executive officer owned 703,444 shares in the company, valued at approximately $41,102,232.92. This represents a 20.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Rebecca L. Charlton sold 5,088 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $64.22, for a total transaction of $326,751.36. Following the transaction, the chief accounting officer owned 15,997 shares of the company’s stock, valued at approximately $1,027,327.34. This represents a 24.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 367,910 shares of company stock valued at $22,420,797. Insiders own 0.19% of the company’s stock.

Baker Hughes Company Profile (Free Report)

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.

Featured Stories Five stocks we like better than Baker Hughes 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 BKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baker Hughes Company (NASDAQ:BKR – Free Report).

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THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced that its Board of Directors has declared a quarterly cash dividend of $0.29 per share of common stock, payable on September 16, 2026, to shareholders of record at the close of business on September 2, 2026. This dividend payment represents a 3.6% increase to the quarterly cash dividend paid in September 2025. Forward-looking statements in this news release are made pursuant to the safe harbor prov.

Posted by Defense World Staff on Jul 23rd, 2026

Allspring Global Investments Holdings LLC acquired a new position in shares of ESAB Corporation (NYSE:ESAB – Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 95,107 shares of the company’s stock, valued at approximately $9,606,000. Allspring Global Investments Holdings LLC owned approximately 0.16% of ESAB at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ESAB. Los Angeles Capital Management LLC purchased a new position in shares of ESAB during the fourth quarter valued at approximately $33,000. Northwestern Mutual Wealth Management Co. raised its holdings in ESAB by 109.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company’s stock valued at $40,000 after acquiring an additional 174 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of ESAB by 259.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 381 shares of the company’s stock worth $43,000 after purchasing an additional 275 shares during the period. Global Retirement Partners LLC lifted its stake in shares of ESAB by 3,023.1% during the 4th quarter. Global Retirement Partners LLC now owns 406 shares of the company’s stock worth $45,000 after purchasing an additional 393 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of ESAB by 185.3% during the fourth quarter. UMB Bank n.a. now owns 642 shares of the company’s stock worth $72,000 after purchasing an additional 417 shares during the last quarter. Institutional investors and hedge funds own 91.13% of the company’s stock.

Wall Street Analysts Forecast Growth A number of research analysts have recently commented on the stock. Oppenheimer dropped their price objective on shares of ESAB from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday. Jefferies Financial Group restated a “buy” rating and issued a $130.00 target price (down from $150.00) on shares of ESAB in a report on Tuesday, March 31st. Stifel Nicolaus dropped their price target on shares of ESAB from $141.00 to $137.00 and set a “buy” rating for the company in a research report on Monday. JPMorgan Chase & Co. cut their price target on shares of ESAB from $148.00 to $135.00 and set an “overweight” rating on the stock in a research note on Friday, April 10th. Finally, Roth Capital lifted their price target on shares of ESAB from $142.00 to $151.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, ESAB has an average rating of “Moderate Buy” and an average price target of $138.38.

Get Our Latest Stock Analysis on ESAB

ESAB Trading Down 2.5% NYSE ESAB opened at $83.83 on Thursday. ESAB Corporation has a one year low of $82.18 and a one year high of $137.42. The company’s 50 day moving average price is $92.26 and its 200 day moving average price is $104.61. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.26 and a current ratio of 2.97. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 1.60 and a beta of 1.17.

ESAB (NYSE:ESAB – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.01). ESAB had a return on equity of 15.04% and a net margin of 7.11%.The business had revenue of $745.60 million for the quarter, compared to analysts’ expectations of $706.74 million. During the same period last year, the company posted $1.25 earnings per share. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, sell-side analysts predict that ESAB Corporation will post 5.72 EPS for the current year.

ESAB Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Friday, July 3rd were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, July 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from ESAB’s previous quarterly dividend of $0.10. ESAB’s payout ratio is 14.20%.

ESAB Profile (Free Report)

ESAB Corporation is a global leader in welding, cutting and gas control technologies, offering a comprehensive portfolio of equipment, consumables and automation solutions. The company’s products include welding power sources, cutting machines, torches, electrodes, filler metals and gas regulating equipment designed to meet the needs of diverse industries. ESAB serves sectors such as construction, shipbuilding, automotive, energy, infrastructure and manufacturing, providing both standard and customized solutions to enhance productivity and quality in metal fabrication and processing.

Founded in 1904 by Swedish inventor Oscar Kjellberg, ESAB pioneered the development of coated welding electrodes, laying the groundwork for modern welding practices.

Featured Articles Five stocks we like better than ESAB 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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1.98K Followers

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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

Posted by Defense World Staff on Jul 23rd, 2026

Fifth Third Bancorp boosted its position in Prestige Consumer Healthcare Inc. (NYSE:PBH – Free Report) by 8,130.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,052 shares of the company’s stock after buying an additional 28,699 shares during the quarter. Fifth Third Bancorp owned approximately 0.06% of Prestige Consumer Healthcare worth $1,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in Prestige Consumer Healthcare in the 4th quarter valued at about $36,954,000. Brandes Investment Partners LP raised its position in shares of Prestige Consumer Healthcare by 93.2% in the fourth quarter. Brandes Investment Partners LP now owns 606,737 shares of the company’s stock valued at $37,430,000 after purchasing an additional 292,744 shares during the period. Capital Research Global Investors raised its position in shares of Prestige Consumer Healthcare by 107.9% in the fourth quarter. Capital Research Global Investors now owns 561,497 shares of the company’s stock valued at $34,639,000 after purchasing an additional 291,425 shares during the period. Squarepoint Ops LLC lifted its stake in shares of Prestige Consumer Healthcare by 316.1% during the 3rd quarter. Squarepoint Ops LLC now owns 301,866 shares of the company’s stock valued at $18,836,000 after buying an additional 229,311 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Prestige Consumer Healthcare by 28.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 546,672 shares of the company’s stock worth $46,997,000 after buying an additional 120,965 shares during the period. 99.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Prestige Consumer Healthcare In other Prestige Consumer Healthcare news, VP Jeffrey Zerillo sold 1,207 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $54.99, for a total value of $66,372.93. Following the sale, the vice president owned 42,820 shares of the company’s stock, valued at $2,354,671.80. This trade represents a 2.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by insiders.

Prestige Consumer Healthcare Stock Performance NYSE PBH opened at $48.91 on Thursday. The company’s 50 day simple moving average is $47.82 and its two-hundred day simple moving average is $57.04. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.57 and a quick ratio of 2.25. Prestige Consumer Healthcare Inc. has a 1 year low of $42.62 and a 1 year high of $77.45. The stock has a market capitalization of $2.32 billion, a PE ratio of 12.51, a P/E/G ratio of 1.58 and a beta of 0.35.

Prestige Consumer Healthcare (NYSE:PBH – Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.16). Prestige Consumer Healthcare had a net margin of 17.48% and a return on equity of 11.54%. The firm had revenue of $281.62 million for the quarter, compared to analysts’ expectations of $293.64 million. During the same quarter last year, the firm earned $1.32 earnings per share. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. Prestige Consumer Healthcare has set its FY 2027 guidance at 4.420-4.510 EPS. Analysts predict that Prestige Consumer Healthcare Inc. will post 4.45 earnings per share for the current fiscal year.

Analyst Ratings Changes PBH has been the subject of a number of recent research reports. Oppenheimer lowered shares of Prestige Consumer Healthcare from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 14th. Zacks Research lowered Prestige Consumer Healthcare from a “hold” rating to a “strong sell” rating in a research note on Monday, May 18th. Weiss Ratings cut Prestige Consumer Healthcare from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 25th. Finally, Canaccord Genuity Group cut their target price on Prestige Consumer Healthcare from $86.00 to $72.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $70.75.

Read Our Latest Report on Prestige Consumer Healthcare

Prestige Consumer Healthcare Company Profile (Free Report)

Prestige Consumer Healthcare, Inc is a leading manufacturer and marketer of branded over-the-counter (OTC) healthcare products. The company focuses on developing, acquiring and commercializing a diverse portfolio of non-prescription remedies designed to address common consumer health needs, including pain relief, cold and cough, digestive health, eye care, skin care and women’s health.

Key brands in Prestige’s portfolio include Clear Eyes (eye health), Carmex (lip care), Chloraseptic (sore throat relief), Dramamine (motion sickness), Rolaids (antacid), Monistat (women’s health), BC Powder (pain relief), Little Remedies (pediatric cold and gas relief) and TheraTears (dry eye therapy).

Featured Stories Five stocks we like better than Prestige Consumer Healthcare 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 PBH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prestige Consumer Healthcare Inc. (NYSE:PBH – Free Report).

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PHILADELPHIA--(BUSINESS WIRE)--Investor litigation firm Kaskela Law announces that it is investigating Humana Inc. (NYSE: HUM) (“Humana”) on behalf of the company's long-term investors. Click here for additional information: https://kaskelalaw.com/case/humana/ Recently a federal securities fraud complaint was filed against Humana on behalf of certain investors who purchased shares of the company's stock between July 27, 2022 and October 1, 2024 (the “Wrongdoing Period”). According to the compla.

Penske (PAG) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

NEW YORK, July 23, 2026 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ: VLY), the holding company for Valley National Bank, today reported net income for the second quarter 2026 of $170.9 million, or $0.29 per diluted common share, as compared to the first quarter 2026 net income of $163.9 million, or $0.28 per diluted common share, and net income of $133.2 million, or $0.22 per diluted common share, for the second quarter 2025. Excluding all non-core charges, our adjusted net income (a non-GAAP measure) was $172.8 million, or $0.30 per diluted common share, for the second quarter 2026, $168.9 million, or $0.29 per diluted common share, for the first quarter 2026, and $134.4 million, or $0.23 per diluted common share, for the second quarter 2025. See further details below, including a reconciliation of our non-GAAP adjusted net income, in the "Consolidated Financial Highlights" tables.

Ira Robbins, CEO, commented, "This quarter's strong results reflect the continued execution of our strategic vision. Despite continued competition across our geographies and business lines, our relationship-led value proposition has resulted in strong non-interest bearing deposit and C&I loan growth."

Mr. Robbins continued, "At the same time, we remain focused on operational efficiency and the re-allocation of resources from manual processing to franchise-enhancing customer acquisition areas. We anticipate further financial improvement through the remainder of the year and we look forward to continuing to create long-term value for our shareholders."

Key financial highlights for the second quarter 2026:

Net Interest Margin and Income: Our net interest margin on a tax equivalent basis of 3.20 percent for the second quarter 2026 increased 3 basis points and 19 basis points from the first quarter 2026 and second quarter 2025, respectively. Net interest income on a tax equivalent basis of $488.4 million for the second quarter 2026 increased $15.6 million and $54.7 million compared to the first quarter 2026 and second quarter 2025, respectively. The increase in net interest income from the first quarter 2026 was mainly driven by an increase in average loans, higher yields on new loan originations and investment securities purchased, as well as one additional day during the second quarter 2026. These tailwinds were partially offset by the cost of carrying excess subordinated notes between the time of our successful issuance of $500 million of new notes in May 2026 and the redemption of $300 million of callable notes in June 2026. See additional details in the "Net Interest Income and Margin" and "Other Borrowings" sections below.Deposits: Total deposit balances increased $1.3 billion to $54.1 billion at June 30, 2026 as compared to $52.9 billion at March 31, 2026. Direct customer deposits increased $1.1 billion during the second quarter 2026 mainly due to inflows from retail CD offerings and growth in our commercial customer deposits. Non-interest bearing deposits increased $298.6 million reflecting continued expansion of relationships with commercial banking customers during the second quarter 2026. See the "Deposits" section below for more details.Loan Portfolio: Total loans increased $1.6 billion, or 12.9 percent on an annualized basis, to $52.5 billion at June 30, 2026 from March 31, 2026 mostly due to increases of $857.2 million and $638.9 million in commercial and industrial (C&I) loans and total commercial real estate (CRE) loans, respectively. Loan originations from a range of relationship-driven small to midsize clients continued to drive the growth in C&I loans during the second quarter 2026, while new owner occupied and select multifamily loan originations were the primary contributors to the growth in the CRE loan portfolio at June 30, 2026. Our CRE loan concentration ratio (defined as total CRE loans held for investment and held for sale, excluding owner occupied loans, as a percentage of total risk-based capital) continued to decline to approximately 317 percent at June 30, 2026 from 329 percent at March 31, 2026 largely due to organic capital accretion and a $200 million increase in (Tier 2) total risk-based capital during the quarter. See the "Loans" section below for more details.Allowance and Provision for Credit Losses for Loans: The allowance for credit losses for loans totaled $606.9 million and $599.8 million at June 30, 2026 and March 31, 2026, respectively, representing 1.16 percent and 1.18 percent of total loans at each respective date. During the second quarter 2026, we recorded a provision for credit losses for loans of $29.2 million as compared to $21.2 million and $37.8 million for the first quarter 2026 and second quarter 2025, respectively. See the "Credit Quality" section below for more details.Credit Quality: Net loan charge-offs totaled $22.0 million for the second quarter 2026 as compared to $17.5 million and $37.8 million for the first quarter 2026 and second quarter 2025, respectively. Total accruing past due loans (i.e., loans past due 30 days or more and still accruing interest) increased $52.3 million to $180.2 million, or 0.34 percent of total loans, at June 30, 2026 as compared to $127.9 million, or 0.25 percent of total loans, at March 31, 2026. The increase was mainly due to a few larger CRE loans within the 30 to 59 days past due delinquency category. Non-accrual loans totaled $462.6 million, or 0.88 percent of total loans, at June 30, 2026 as compared to $432.6 million, or 0.85 percent of total loans, at March 31, 2026. See the "Credit Quality" section below for more details.Non-Interest Income: Non-interest income increased $4.9 million to $73.7 million for the second quarter 2026 as compared to the first quarter 2026 mainly driven by $2.6 million and $1.6 million increases in capital markets, and wealth management and trust fees, respectively. The fee increases were largely due to increased transaction volumes within loan participations and syndications and tax credit advisory services during the second quarter 2026.Non-Interest Expense: Non-interest expense increased $1.2 million to $311.1 million for the second quarter 2026 as compared to the first quarter 2026. The increase was largely driven by a $4.4 million increase in professional and legal fees mostly due to higher third-party managed services and consulting fees related to our operational transformation efforts, as well as incremental increases in technology and FDIC assessment expenses. These items were partially offset by a $5.3 million decrease in salary and employee benefits expense during the second quarter 2026 largely resulting from our continued focus on resource optimization, as well as the normal seasonal decline in payroll taxes from the first quarter 2026.Efficiency Ratio: Our efficiency ratio was 52.11 percent for the second quarter 2026 as compared to 53.10 percent and 55.20 percent for the first quarter 2026 and second quarter 2025, respectively. See the "Consolidated Financial Highlights" tables below for additional information regarding our non-GAAP measures.Performance Ratios: Annualized return on average assets (ROA), shareholders’ equity (ROE) and tangible common shareholders' equity (ROTCE) were 1.04 percent, 8.65 percent and 11.91 percent for the second quarter 2026, respectively. Annualized ROA, ROE, and ROTCE, adjusted for non-core income and charges, were 1.05 percent, 8.75 percent and 12.05 percent for the second quarter 2026, respectively. See the "Consolidated Financial Highlights" tables below for additional information regarding our non-GAAP measures.
Net Interest Income and Margin

Net interest income on a tax equivalent basis of $488.4 million for the second quarter 2026 increased $15.6 million and $54.7 million compared to the first quarter 2026 and the second quarter 2025, respectively. Interest income on a tax equivalent basis increased $26.7 million to $830.7 million for the second quarter 2026 as compared to the first quarter 2026. The increase was mostly due to (i) increased average loan balances largely driven by growth in C&I and owner occupied CRE loans during the first half of 2026, (ii) additional interest income from purchases of higher-yielding taxable investments and (iii) one additional day in the second quarter 2026. Total interest expense increased $11.2 million to $342.4 million for the second quarter 2026 as compared to the first quarter 2026. The increase was mainly the result of (i) higher average time deposits and short-term borrowings balances during the second quarter 2026, (ii) the higher cost of certain non-maturity deposit products and short-term borrowings, (iii) the cost of carrying excess subordinated debt for a portion of the quarter, as well as (iv) the aforementioned increase in day count as compared to the first quarter 2026. See the "Deposits" and "Other Borrowings" sections below for more details.

Net interest margin on a tax equivalent basis of 3.20 percent for the second quarter 2026 increased 3 basis points from 3.17 percent for the first quarter 2026 and 19 basis points from 3.01 percent for the second quarter 2025. The yield on average interest earning assets increased by 5 basis points to 5.44 percent on a linked quarter basis largely due to higher yields on new loan originations and investment securities purchased during the second quarter 2026. The overall cost of average interest bearing liabilities increased by 4 basis points to 3.10 percent for the second quarter 2026 as compared to the first quarter 2026 largely due to the higher cost of non-maturity deposits and short-term borrowings, as well as the cost of carrying excess subordinated debt for a portion of the quarter. Our cost of total average deposits was 2.28 percent for the second quarter 2026 as compared to 2.27 percent and 2.67 percent for the first quarter 2026 and second quarter 2025, respectively.

Loans, Deposits and Other Borrowings

Loans. Total loans increased $1.6 billion, or 12.9 percent on an annualized basis, to $52.5 billion at June 30, 2026 from March 31, 2026. C&I loans increased by $857.2 million, or 30.9 percent on an annualized basis, to $12.0 billion at June 30, 2026 from March 31, 2026 largely driven by new originations from a range of relationship-driven small to midsize clients as a result of our continued focus on expansion of new loan production within this category. Total CRE (including construction) loans increased $638.9 million to $30.3 billion at June 30, 2026 from March 31, 2026 mostly due to solid customer demand and loan originations largely within our healthcare vertical of the owner occupied loan category. Non-owner occupied loans decreased $357.2 million from March 31, 2026 mainly due to our continued targeted runoff of transactional/non-relationship loans, which outpaced limited new originations in this category during the second quarter 2026. Residential mortgage loans increased $113.9 million from March 31, 2026 mainly due to continued retention of most new loan origination activity and modest levels of prepayments. Total consumer loans increased $28.5 million from March 31, 2026 primarily due to the combined growth in home equity loans and other collateralized personal lines of credit, partially offset by a $48.0 million decrease in automobile loans as repayments outpaced consumer demand.

Deposits. Actual ending balances for deposits increased $1.3 billion to $54.1 billion at June 30, 2026 from March 31, 2026 mainly due to increases of $1.5 billion and $298.6 million in time and non-interest bearing deposits, respectively, partially offset by a $506.1 million decline in the savings, NOW and money market deposit category. The increase in time deposits was largely driven by our targeted retail CD offerings and higher indirect customer CD balances. The increase in non-interest bearing deposits was mainly due to continued deposit inflows from commercial banking customers during the second quarter 2026. The decrease in savings, NOW and money market deposits from March 31, 2026 was mainly driven by lower brokered and governmental account balances at June 30, 2026. Total indirect customer deposits (consisting of both brokered time and money market deposits) totaled $5.3 billion and $5.1 billion at June 30, 2026 and March 31, 2026, respectively. Non-interest bearing deposits; savings, NOW and money market deposits; and time deposits represented approximately 23 percent, 53 percent and 24 percent of total deposits at June 30, 2026 as compared to 23 percent, 55 percent and 22 percent at March 31, 2026.

Other Borrowings. Short-term borrowings increased $369.6 million to $433.5 million at June 30, 2026 from March 31, 2026 due to $375 million of short-term FHLB advances outstanding at June 30, 2026, partially offset by a modest decline in securities sold under repurchase agreements. Long-term borrowings totaled $2.6 billion at June 30, 2026 and increased $46.3 million as compared to March 31, 2026. The increase was mainly attributable to $500 million of 6.219 percent fixed-to-floating rate subordinated notes issued in May 2026 due June 1, 2036, partially offset by the full early redemption of our $300 million of 3.00 percent fixed-to-floating rate subordinated notes originally due June 15, 2031, as well as normal repayments of maturing FHLB advances. No gain or loss was recognized on the early redemption of the subordinated notes during the second quarter 2026.

Credit Quality

Non-Performing Assets (NPAs). NPAs, consisting of non-accrual loans, other real estate owned (OREO) and other repossessed assets, increased $28.2 million to $467.8 million at June 30, 2026 from March 31, 2026. Non-accrual loans increased $30.0 million to $462.6 million, or 0.88 percent of total loans, at June 30, 2026 as compared to $432.6 million, or 0.85 percent of total loans, at March 31, 2026. The increase was mainly attributable to three CRE loans that migrated from the 30 to 59 days past due delinquency category at March 31, 2026 to non-accrual loans during the second quarter of 2026. These three collateral dependent non-accrual CRE loans totaled $49.6 million, net of partial charge-offs of $1.3 million during the second quarter 2026, and had no related allocated reserves within our allowance for credit losses for loans at June 30, 2026.

Accruing Past Due Loans. Total accruing past due loans (i.e., loans past due 30 days or more and still accruing interest) increased $52.3 million to $180.2 million, or 0.34 percent of total loans, at June 30, 2026 as compared to $127.9 million, or 0.25 percent of total loans, at March 31, 2026.

Loans 30 to 59 days past due increased $42.6 million to $151.0 million at June 30, 2026 as compared to March 31, 2026 mainly due to a few larger CRE loans, partially offset by the migration of the aforementioned CRE loans to non-accrual loans during the second quarter 2026. Loans 60 to 89 days past due increased $4.3 million to $13.1 million at June 30, 2026 as compared to March 31, 2026 mainly due to moderate increases in the residential mortgage and C&I loan categories. Loans 90 days or more past due and still accruing interest increased $5.4 million to $16.1 million at June 30, 2026 as compared to March 31, 2026 primarily due to the second quarter 2026 migration of a $5.5 million CRE loan previously reported in the 30 to 59 days past due delinquency category at March 31, 2026. All loans 90 days or more past due and still accruing interest are well-secured and in the process of collection.

Allowance for Credit Losses for Loans and Unfunded Commitments. The following table summarizes the allocation of the allowance for credit losses to loan categories and the allocation as a percentage of each loan category at June 30, 2026, March 31, 2026, and June 30, 2025:

  June 30, 2026 March 31, 2026 June 30, 2025    Allocation   Allocation   Allocation    as a % of   as a % of   as a % of  Allowance Loan Allowance Loan Allowance Loan Allocation Category Allocation Category Allocation Category ($ in thousands)Loan Category:           Commercial and industrial loans$198,910 1.66% $186,143 1.68% $173,415 1.60%Commercial real estate loans:            Commercial real estate 268,445 0.96   269,847 0.99   270,937 1.04  Construction 50,623 2.05   54,946 2.21   64,042 2.24 Total commercial real estate loans 319,068 1.05   324,793 1.09   334,979 1.16 Residential mortgage loans 48,905 0.82   51,700 0.88   48,830 0.86 Consumer loans:            Home equity 4,333 0.59   4,120 0.59   3,689 0.58  Auto and other consumer 19,384 0.56   17,744 0.52   18,587 0.55 Total consumer loans 23,717 0.57   21,864 0.53   22,276 0.56 Allowance for loan losses 590,600 1.13   584,500 1.15   579,500 1.17 Allowance for unfunded credit commitments 16,320    15,300    14,520  Total allowance for credit losses for loans$606,920   $599,800   $594,020  Allowance for credit losses for loans as a % of total loans  1.16%   1.18%   1.20%
Our loan portfolio, totaling $52.5 billion at June 30, 2026, had net loan charge-offs totaling $22.0 million for the second quarter 2026 as compared to $17.5 million and $37.8 million for the first quarter 2026 and the second quarter 2025, respectively. Gross loan charge-offs totaled $27.6 million for the second quarter 2026 and were largely due to partial charge-offs of non-performing CRE and C&I loans.

The allowance for credit losses for loans, comprised of our allowance for loan losses and unfunded credit commitments, as a percentage of total loans was 1.16 percent at June 30, 2026, 1.18 percent at March 31, 2026, and 1.20 percent at June 30, 2025. For the second quarter 2026, the provision for credit losses for loans totaled $29.2 million as compared to $21.2 million and $37.8 million for the first quarter 2026 and second quarter 2025, respectively. The second quarter 2026 provision was mainly impacted by (i) higher specific reserves associated with collateral dependent loans, (ii) an increase in the economic forecast component of our reserve and (iii) strong commercial loan growth, partially offset by a decline in quantitative reserves largely within certain CRE loan categories at June 30, 2026.

Capital Adequacy

Valley's total risk-based capital, Tier 1 capital, common equity tier 1 capital, and Tier 1 leverage capital ratios were 13.77 percent, 11.37 percent, 10.71 percent and 9.49 percent, respectively, at June 30, 2026 as compared to 13.66 percent, 11.60 percent, 10.91 percent and 9.56 percent, respectively, at March 31, 2026. During the second quarter 2026, we repurchased 1.5 million shares of our common stock at an average price of $13.40 under our current stock repurchase plan.

Investor Conference Call

Valley’s CEO, Ira Robbins, will host a conference call on Thursday, July 23, 2026 at 8:30 AM (ET) to discuss Valley’s second quarter 2026 earnings and related matters. Interested parties should pre-register using this link: https://register-conf.media-server.com/register to receive the dial-in number and a personal PIN, which are required to access the conference call. The teleconference will also be webcast live: https://edge.media-server.com/ and archived on Valley’s website through Monday, August 24, 2026. Investor presentation materials will be made available prior to the conference call at www.valley.com.

About Valley

As the principal subsidiary of Valley National Bancorp (NASDAQ: VLY), Valley National Bank is a regional financial institution with over $66 billion in assets. Founded in 1927, Valley has more than 220 branch locations and commercial offices nationwide and serves clients across New Jersey, New York, Florida, Alabama, California, Illinois, Pennsylvania and Arizona. Valley delivers a full range of consumer, commercial, and wealth management solutions designed to support everything from homeownership and business growth to long-term financial planning. Big enough to support complex financial needs and small enough to stay deeply connected, Valley is grounded in a relationship-led approach focused on understanding people first. That same relationship-led approach guides Valley’s commitment to community investment and responsible corporate citizenship. To learn more, visit www.valley.com or call the Valley Customer Care Center at 800-522-4100.

Forward-Looking Statements

The foregoing contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about management’s confidence and strategies and management’s expectations about our business, new and existing programs and products, acquisitions, relationships, opportunities, taxation, technology, market conditions and economic expectations. These statements may be identified by forward-looking terminology such as “intend,” “should,” “expect,” “believe,” “position,” “view,” “opportunity,” “allow,” “continues,” “reflects,” “would,” “could,” “typically,” “usually,” “anticipate,” “may,” “estimate,” “outlook,” “project” or similar statements or variations of such terms. Such forward-looking statements involve certain risks and uncertainties. Actual results may differ materially from such forward-looking statements. Factors that may cause actual results to differ materially from those contemplated in these forward-looking statements include, but are not limited to:

the impact of market interest rates and monetary and fiscal policies of the U.S. federal government and its agencies in connection with prolonged inflationary pressures, which could have a material adverse effect on our clients, our business, our employees, and our ability to provide services to our customers;the impact of unfavorable macroeconomic conditions or downturns, including instability or volatility in financial markets resulting from the impact of tariffs/import fees and other trade policies and practices, any retaliatory actions, changes in energy commodity prices, related market uncertainty, or other factors; U.S. government debt default or rating downgrade; unanticipated loan delinquencies; loss of collateral; decreased service revenues; increased business disruptions or failures; reductions in employment; and other potential negative effects on our business, employees or clients caused by factors outside of our control, such as new legislation and policy changes under the current U.S. presidential administration, any shutdown of the U.S federal government, geopolitical instabilities or events, including ongoing conflicts in the Middle East, natural and other disasters, including severe weather events and other climate-related risks, health emergencies, acts of terrorism, or other external events;the impact of any potential instability within the U.S. financial sector or future bank failures, including the possibility of a run on deposits by a coordinated deposit base, and the impact of any actual or perceived concerns regarding the soundness, or creditworthiness, of other financial institutions, including any resulting disruption within the financial markets, increased expenses, including FDIC insurance assessments, or adverse impact on our stock price, deposits or our ability to borrow or raise capital;the impact of negative public opinion regarding Valley or banks in general that damages our reputation and adversely impacts business and revenues;changes in the statutes, regulations, policies, enforcement priorities, or composition of the federal bank regulatory agencies;the loss of or decrease in lower-cost funding sources within our deposit base;investigations, damage verdicts, settlements or restrictions related to existing or potential class action litigation or individual litigation arising from claims of violations of laws or regulations, contractual claims, breach of fiduciary responsibility, negligence, fraud, environmental laws, patent, trademark or other intellectual property infringement, misappropriation or other violation, employment-related claims, and other matters;a prolonged downturn and contraction in the economy, as well as any decline in commercial real estate values collateralizing a significant portion of our loan portfolio;higher or lower than expected income tax expense or tax rates, including increases or decreases resulting from changes in uncertain tax position liabilities, tax laws, regulations, and case law;the inability to grow customer deposits to keep pace with the level of loan growth;a material change in our allowance for credit losses due to forecasted economic conditions and/or unexpected credit deterioration in our loan and investment portfolios;the need to supplement debt or equity capital to maintain or exceed internal capital thresholds;changes in our business, strategy, market conditions or other factors that may negatively impact the estimated fair value of our goodwill and other intangible assets and result in future impairment charges;greater than expected technology-related costs due to, among other factors, prolonged or failed implementations, additional project staffing and obsolescence caused by continuous and rapid market innovations;increased competitive challenges and competitive pressure on pricing of our products and services;our ability to stay current with rapid technological changes and evolving legal and regulatory requirements in the financial services industry, including developments relating to the use of artificial intelligence, blockchain, and related regulatory developments, as well as our ability to effectively assess and monitor the effects of, and risks associated with, the implementation and use of such technology;cyberattacks, ransomware attacks, computer viruses, malware or other cybersecurity incidents that may breach the security of our or our third-party service providers’ websites or other systems or networks to obtain unauthorized access to personal, confidential, proprietary or sensitive information, destroy data, disable or degrade service, or sabotage our systems or networks, and the increasing sophistication of such attacks and use of targeted tactics against the financial services industry;any disruption of our systems and network, or those of our third-party service providers, resulting from events that are wholly or partially beyond our control, including, for example, electrical, telecommunications, or other major service outages, or actions by employees, which may give rise to financial loss or liability;results of examinations by the Office of the Comptroller of the Currency (OCC), the Federal Reserve Bank, the Consumer Financial Protection Bureau and other regulatory authorities, including the possibility that any such regulatory authority may, among other things, require us to increase our allowance for credit losses, write-down assets, reimburse customers, change the way we do business, or limit or eliminate certain other banking activities;application of heightened regulatory standards for certain large insured national banks, and the expenses we will incur to develop policies, programs, and systems that comply with the enhanced standards applicable to us;our inability or determination not to pay dividends at current levels, or at all, because of inadequate earnings, regulatory restrictions or limitations, changes in our capital requirements, or a decision to increase capital by retaining more earnings;unanticipated loan delinquencies, loss of collateral, decreased service revenues, and other potential negative effects on our business caused by severe weather and other climate-related risks, pandemics or other public health crises, acts of terrorism or other external events;our ability to successfully execute our business plan and strategic initiatives; andunexpected significant declines in the loan portfolio due to the lack of economic expansion, increased competition, large prepayments, risk mitigation strategies, changes in regulatory lending guidance or other factors. A detailed discussion of factors that could affect our results is included in our SEC filings, including Item 1A. "Risk Factors" of our Annual Report on Form 10-K for the year ended December 31, 2025.

We undertake no duty to update any forward-looking statement to conform the statement to actual results or changes in our expectations, except as required by law. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.

-Tables to Follow-

VALLEY NATIONAL BANCORP
CONSOLIDATED FINANCIAL HIGHLIGHTS

SELECTED FINANCIAL DATA

 Three Months Ended Six Months Ended June 30, March 31, June 30, June 30,($ in thousands, except for share data and stock price) 2026   2026   2025   2026   2025 FINANCIAL DATA:         Net interest income - FTE(1)$488,388  $472,801  $433,675  $961,189  $855,052 Net interest income 487,024   471,525   432,408   958,549   852,513 Non-interest income 73,711   68,836   62,604   142,547   120,898 Total revenue 560,735   540,361   495,012   1,101,096   973,411 Non-interest expense 311,123   309,926   284,122   621,049   560,740 Pre-provision net revenue 249,612   230,435   210,890   480,047   412,671 Provision for credit losses 29,164   21,256   37,799   50,420   100,460 Income tax expense 49,563   45,266   39,924   94,829   72,986 Net income 170,885   163,913   133,167   334,798   239,225 Dividends on preferred stock 7,316   7,217   6,948   14,533   13,903 Net income available to common shareholders$163,569  $156,696  $126,219  $320,265  $225,322 Weighted average number of common shares outstanding:         Basic 553,740,562   555,777,748   560,336,610   554,753,527   559,976,939 Diluted 556,958,049   559,254,972   562,312,330   557,968,183   563,431,390 Per common share data:         Basic earnings$0.30  $0.28  $0.23  $0.58  $0.40 Diluted earnings 0.29   0.28   0.22   0.57   0.40 Cash dividends declared 0.11   0.11   0.11   0.22   0.22 Closing stock price - high 14.78   13.71   9.20   14.78   10.42 Closing stock price - low 12.42   11.66   7.87   11.66   7.87 FINANCIAL RATIOS:         Net interest margin 3.19%  3.16%  3.01%  3.17%  2.98%Net interest margin - FTE(1) 3.20   3.17   3.01   3.18   2.99 Annualized return on average assets 1.04   1.02   0.86   1.03   0.77 Annualized return on average shareholders' equity 8.65   8.35   7.08   8.50   6.39 NON-GAAP FINANCIAL DATA AND RATIOS:(2)         Basic earnings per share, as adjusted$0.30  $0.29  $0.23  $0.59  $0.40 Diluted earnings per share, as adjusted 0.30   0.29   0.23   0.59   0.40 Annualized return on average assets, as adjusted 1.05%  1.05%  0.87%  1.05%  0.78%Annualized return on average shareholders' equity, as adjusted 8.75   8.60   7.15   8.67   6.42 Annualized return on average tangible common shareholders' equity 11.91   11.56   10.02   11.74   9.07 Annualized return on average tangible common shareholders' equity, as adjusted 12.05   11.92   10.12   11.98   9.12 Efficiency ratio 52.11   53.10   55.20   52.60   55.53           AVERAGE BALANCE SHEET ITEMS:         Assets$65,584,823  $64,190,084  $62,106,945  $64,891,306  $61,806,614 Interest earning assets 61,057,362   59,718,887   57,553,624   60,391,821   57,224,486 Loans 51,884,173   50,265,383   49,032,637   51,079,250   48,844,823 Interest bearing liabilities 44,160,202   43,352,140   41,913,735   43,758,403   41,574,732 Deposits 53,174,301   52,373,174   49,907,124   52,775,949   49,525,957 Shareholders' equity 7,901,688   7,855,550   7,524,231   7,878,746   7,491,395   As ofBALANCE SHEET ITEMS:June 30, March 31, December 31, September 30, June 30,(In thousands) 2026   2026   2025   2025   2025 Assets$66,318,308  $64,466,585  $64,132,725  $63,018,614  $62,705,358 Total loans 52,467,251   50,828,820   50,136,728   49,272,823   49,391,420 Deposits 54,118,607   52,859,621   52,183,093   51,175,758   50,725,284 Shareholders' equity 7,917,144   7,828,443   7,807,698   7,695,374   7,575,421           LOANS:         (In thousands)         Commercial and industrial$11,961,242  $11,104,079  $10,961,519  $10,757,857  $10,870,036 Commercial real estate:         Non-owner occupied 11,146,663   11,503,874   11,571,127   11,674,103   11,747,491 Multifamily 9,034,186   8,588,462   8,571,713   8,394,694   8,434,173 Owner occupied 7,692,877   7,132,254   6,629,909   6,097,319   5,789,397 Construction 2,475,109   2,485,387   2,471,233   2,517,258   2,854,859 Total commercial real estate 30,348,835   29,709,977   29,243,982   28,683,374   28,825,920 Residential mortgage 5,982,941   5,869,070   5,826,192   5,795,395   5,709,971 Consumer:         Home equity 728,623   701,136   687,680   655,872   634,553 Automobile 2,150,089   2,198,102   2,184,600   2,191,976   2,178,841 Other consumer 1,295,521   1,246,456   1,232,755   1,188,349   1,172,099 Total consumer loans 4,174,233   4,145,694   4,105,035   4,036,197   3,985,493 Total loans$52,467,251  $50,828,820  $50,136,728  $49,272,823  $49,391,420           CAPITAL RATIOS:         Book value per common share$13.67  $13.48  $13.39  $13.09  $12.89 Tangible book value per common share(2) 10.13   9.94   9.85   9.57   9.35 Tangible common equity to tangible assets(2) 8.71%  8.82%  8.82%  8.79%  8.63%Tier 1 leverage capital 9.49   9.56   9.63   9.52   9.49 Common equity tier 1 capital 10.71   10.91   10.99   11.00   10.85 Tier 1 risk-based capital 11.37   11.60   11.69   11.72   11.57 Total risk-based capital 13.77   13.66   13.77   13.83   13.67   Three Months Ended Six Months EndedALLOWANCE FOR CREDIT LOSSES:June 30, March 31, June 30, June 30,($ in thousands) 2026   2026   2025   2026   2025 Allowance for credit losses for loans         Beginning balance - Allowance for credit losses for loans$599,800  $596,100  $594,054  $596,100  $573,328 Loans charged-off:         Commercial and industrial (9,838)  (2,782)  (25,189)  (12,620)  (53,645)Commercial real estate (14,434)  (13,756)  (14,623)  (28,190)  (26,883)Construction —   —   —   —   (1,163)Residential mortgage —   —   (46)  —   (46)Total consumer (3,354)  (3,263)  (2,213)  (6,617)  (4,353)Total loans charged-off (27,626)  (19,801)  (42,071)  (47,427)  (86,090)Charged-off loans recovered:         Commercial and industrial 1,669   1,398   2,789   3,067   3,599 Commercial real estate 2,790   347   188   3,137   437 Construction —   —   455   —   455 Residential mortgage 41   83   37   124   205 Total consumer 1,080   429   773   1,509   1,616 Total loans recovered 5,580   2,257   4,242   7,837   6,312 Total net charge-offs (22,046)  (17,544)  (37,829)  (39,590)  (79,778)Provision for credit losses for loans 29,166   21,244   37,795   50,410   100,470 Ending balance$606,920  $599,800  $594,020  $606,920  $594,020 Components of allowance for credit losses for loans:         Allowance for loan losses$590,600  $584,500  $579,500  $590,600  $579,500 Allowance for unfunded credit commitments 16,320   15,300   14,520   16,320   14,520 Allowance for credit losses for loans$606,920  $599,800  $594,020  $606,920  $594,020 Components of provision for credit losses for loans:         Provision for credit losses for loans$28,146  $18,644  $39,129  $46,790  $100,428 Provision (credit) for unfunded credit commitments 1,020   2,600   (1,334)  3,620   42 Total provision for credit losses for loans$29,166  $21,244  $37,795  $50,410  $100,470 Annualized ratio of total net charge-offs to total average loans 0.17%  0.14%  0.31%  0.16%  0.33%Allowance for credit losses for loans as a % of total loans 1.16%  1.18%  1.20%  1.16%  1.20%  As ofASSET QUALITY:June 30, March 31, December 31, September 30, June 30,($ in thousands) 2026   2026   2025   2025   2025 Accruing past due loans:         30 to 59 days past due:         Commercial and industrial$5,083  $5,285  $11,177  $912  $10,451 Commercial real estate 106,034   69,494   72,810   26,371   42,884 Construction 1,752   —   —   —   35,000 Residential mortgage 22,154   20,534   21,615   23,556   21,744 Total consumer 15,974   13,112   14,420   12,728   12,878 Total 30 to 59 days past due 150,997   108,425   120,022   63,567   122,957 60 to 89 days past due:         Commercial and industrial 2,748   1,015   1,274   1,061   1,095 Commercial real estate —   —   —   6,033   60,601 Residential mortgage 6,495   4,285   10,181   5,040   7,627 Total consumer 3,904   3,506   5,269   4,023   4,001 Total 60 to 89 days past due 13,147   8,806   16,724   16,157   73,324 90 or more days past due:         Commercial and industrial 3,527   3,499   —   —   — Commercial real estate 5,454   —   212   —   — Residential mortgage 5,223   5,894   3,300   3,911   2,062 Total consumer 1,862   1,309   1,070   1,125   859 Total 90 or more days past due 16,066   10,702   4,582   5,036   2,921 Total accruing past due loans$180,210  $127,933  $141,328  $84,760  $199,202 Non-accrual loans:         Commercial and industrial$147,731  $145,804  $138,321  $92,214  $90,973 Commercial real estate 256,081   225,417   236,221   235,754   193,604 Construction 9,139   9,148   9,140   48,248   24,068 Residential mortgage 42,992   45,988   44,424   38,949   41,099 Total consumer 6,686   6,289   5,832   6,324   4,615 Total non-accrual loans 462,629   432,646   433,938   421,489   354,359 Other real estate owned (OREO) 4,126   5,161   4,531   4,783   4,783 Other repossessed assets 1,020   1,758   1,286   1,065   1,642 Total non-performing assets$467,775  $439,565  $439,755  $427,337  $360,784 Total non-accrual loans as a % of loans 0.88%  0.85%  0.87%  0.86%  0.72%Total accruing past due and non-accrual loans as a % of loans 1.23%  1.10%  1.15%  1.03%  1.12%Allowance for losses on loans as a % of non-accrual loans 127.66%  135.10%  134.44%  138.79%  163.53%
NOTES TO SELECTED FINANCIAL DATA

(1)Net interest income and net interest margin are presented on a tax equivalent basis using a 21 percent federal tax rate. Valley believes that this presentation provides comparability of net interest income and net interest margin arising from both taxable and tax-exempt sources and is consistent with industry practice and SEC rules.(2)Non-GAAP Reconciliations. This press release contains certain supplemental financial information, described in the Notes below, which has been determined by methods other than U.S. Generally Accepted Accounting Principles ("GAAP") that management uses in its analysis of Valley's performance. The Company believes that the non-GAAP financial measures provide useful supplemental information to both management and investors in understanding Valley’s underlying operational performance, business and performance trends, and may facilitate comparisons of our current and prior performance with the performance of others in the financial services industry. Management utilizes these measures for internal planning, forecasting and analysis purposes. Management believes that Valley’s presentation and discussion of this supplemental information, together with the accompanying reconciliations to the GAAP financial measures, also allows investors to view performance in a manner similar to management. These non-GAAP financial measures should not be considered in isolation or as a substitute for or superior to financial measures calculated in accordance with U.S. GAAP. These non-GAAP financial measures may also be calculated differently from similar measures disclosed by other companies. Non-GAAP Reconciliations to GAAP Financial Measures

 Three Months Ended Six Months Ended June 30, March 31, June 30, June 30,($ in thousands, except for share data) 2026   2026   2025   2026   2025 Adjusted net income available to common shareholders (non-GAAP):         Net income, as reported (GAAP)$170,885  $163,913  $133,167  $334,798  $239,225 Add: Restructuring charge(a) 2,513   5,689   800   8,202   800 Add: Litigation reserve(b) 230   1,262   —   1,492   — Add: Losses on available for sale and held to maturity debt securities, net(c) —   10   —   10   11 Add: Loss on extinguishment of debt —   —   922   —   922 Total non-GAAP adjustments to net income 2,743   6,961   1,722   9,704   1,733 Income tax adjustments related to non-GAAP adjustments(d) (782)  (1,984)  (474)  (2,766)  (477)Net income, as adjusted (non-GAAP)$172,846  $168,890  $134,415  $341,736  $240,481 Dividends on preferred stock 7,316   7,217   6,948   14,533   13,903 Net income available to common shareholders, as adjusted (non-GAAP)$165,530  $161,673  $127,467  $327,203  $226,578 __________         (a) Represents severance expense related to workforce reductions within salary and employee benefits expense.(b) Represents the change in legal reserves and settlement charges included in professional and legal fees.(c) Included in gains (losses) on securities transactions, net.(d) Calculated using the appropriate blended statutory tax rate for the applicable period. Adjusted per common share data (non-GAAP):         Net income available to common shareholders, as adjusted (non-GAAP)$165,530  $161,673  $127,467  $327,203  $226,578 Weighted average number of shares outstanding 553,740,562   555,777,748   560,336,610   554,753,527   559,976,939 Basic earnings, as adjusted (non-GAAP)$0.30  $0.29  $0.23  $0.59  $0.40 Weighted average number of diluted shares outstanding 556,958,049   559,254,972   562,312,330   557,968,183   563,431,390 Diluted earnings, as adjusted (non-GAAP)$0.30  $0.29  $0.23  $0.59  $0.40 Adjusted annualized return on average tangible common shareholder's equity (non-GAAP):         Net income available to common shareholders, as adjusted (non-GAAP)$165,530  $161,673  $127,467  $327,203  $226,578 Add: Amortization of other intangible assets (net of tax), other than loan servicing rights 4,247   4,746   5,120   8,993   10,739 Net income available to common shareholders excluding intangible amortization, as adjusted (non-GAAP) 169,777   166,419   132,587   336,196   237,317 Average shareholders' equity 7,901,688   7,855,550   7,524,231   7,878,746   7,491,395 Less: Average preferred shareholders equity 354,345   354,345   354,345   354,345   354,345 Less: Average goodwill (net of deferred tax liability) 1,858,851   1,858,851   1,859,614   1,858,851   1,859,614 Less: Average intangible assets (net of deferred tax liability), other than loan servicing rights 51,387   57,080   69,367   54,218   72,748 Average tangible common shareholders' equity$5,637,105  $5,585,274  $5,240,905  $5,611,332  $5,204,688 Annualized return on average tangible common shareholders' equity, as adjusted (non-GAAP) 12.05%  11.92%  10.12%  11.98%  9.12% Non-GAAP Reconciliations to GAAP Financial Measures (Continued)

 Three Months Ended Six Months Ended June 30, March 31, June 30, June 30,($ in thousands, except for share data) 2026   2026   2025   2026   2025 Adjusted annualized return on average assets (non-GAAP):         Net income, as adjusted (non-GAAP)$172,846  $168,890  $134,415  $341,736  $240,481 Average assets$65,584,823  $64,190,084  $62,106,945  $64,891,306  $61,806,614 Annualized return on average assets, as adjusted (non-GAAP) 1.05%  1.05%  0.87%  1.05%  0.78%Adjusted annualized return on average shareholders' equity (non-GAAP):         Net income, as adjusted (non-GAAP)$172,846  $168,890  $134,415  $341,736  $240,481 Average shareholders' equity$7,901,688  $7,855,550  $7,524,231  $7,878,746  $7,491,395 Annualized return on average shareholders' equity, as adjusted (non-GAAP) 8.75%  8.60%  7.15%  8.67%  6.42%Annualized return on average tangible common shareholders' equity (non-GAAP):         Net income available to common shareholders$163,569  $156,696  $126,219  $320,265  $225,322 Add: Amortization of other intangible assets (net of tax), other than loan servicing rights 4,247   4,746   5,120   8,993   10,739 Net income available to common shareholders excluding intangible amortization (non-GAAP) 167,816   161,442   131,339   329,258   236,061 Average tangible common shareholders' equity (non-GAAP)$5,637,105  $5,585,274  $5,240,905  $5,611,332  $5,204,688 Annualized return on average tangible common shareholders' equity (non-GAAP) 11.91%  11.56%  10.02%  11.74%  9.07%          Efficiency ratio (non-GAAP):         Non-interest expense, as reported (GAAP)$311,123  $309,926  $284,122  $621,049  $560,740 Less: Restructuring charge (pre-tax) 2,513   5,689   800   8,202   800 Less: Amortization of tax credit investments (pre-tax) 16,157   16,014   9,134   32,171   18,454 Less: Litigation reserve (pre-tax) 230   1,262   —   1,492   — Less: Loss on extinguishment of debt (pre-tax) —   —   922   —   922 Non-interest expense, as adjusted (non-GAAP)$292,223  $286,961  $273,266  $579,184  $540,564 Net interest income, as reported (GAAP) 487,024   471,525   432,408   958,549   852,513 Non-interest income, as reported (GAAP) 73,711   68,836   62,604   142,547   120,898 Add: Losses on available for sale and held to maturity securities transactions, net (pre-tax) —   10   —   10   11 Gross operating income, as adjusted (non-GAAP)$560,735  $540,371  $495,012  $1,101,106  $973,422 Efficiency ratio (non-GAAP) 52.11%  53.10%  55.20%  52.60%  55.53%  As of June 30, March 31, December 31, September 30, June 30,($ in thousands, except for share data) 2026   2026   2025   2025   2025 Tangible book value per common share (non-GAAP):         Common shares outstanding 553,069,100   554,316,876   556,618,021   560,784,352   560,281,821 Shareholders' equity (GAAP)$7,917,144  $7,828,443  $7,807,698  $7,695,374  $7,575,421 Less: Preferred stock 354,345   354,345   354,345   354,345   354,345 Less: Goodwill and other intangible assets 1,958,135   1,963,706   1,969,811   1,976,594   1,983,515 Tangible common shareholders' equity (non-GAAP)$5,604,664  $5,510,392  $5,483,542  $5,364,435  $5,237,561 Tangible book value per common share (non-GAAP)$10.13  $9.94  $9.85  $9.57  $9.35 Tangible common equity to tangible assets (non-GAAP):         Tangible common shareholders' equity (non-GAAP)$5,604,664  $5,510,392  $5,483,542  $5,364,435  $5,237,561 Total assets (GAAP) 66,318,308   64,466,585   64,132,725   63,018,614   62,705,358 Less: Goodwill and other intangible assets 1,958,135   1,963,706   1,969,811   1,976,594   1,983,515 Tangible assets (non-GAAP)$64,360,173  $62,502,879  $62,162,914  $61,042,020  $60,721,843 Tangible common equity to tangible assets (non-GAAP) 8.71%  8.82%  8.82%  8.79%  8.63%           VALLEY NATIONAL BANCORP
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(in thousands, except for share data)    June 30, December 31,  2026   2025  (Unaudited)  Assets   Cash and due from banks$388,741  $315,166 Interest bearing deposits with banks 578,148   1,268,399 Investment securities:   Equity securities 88,541   82,774 Trading debt securities 26,493   — Available for sale debt securities 4,292,148   4,202,218 Held to maturity debt securities (net of allowance for credit losses of $744 at June 30, 2026 and $734 at December 31, 2025) 3,757,200   3,495,837 Total investment securities 8,164,382   7,780,829 Loans held for sale (includes fair value of $4,940 at June 30, 2026 and $8,212 at December 31, 2025 for loans originated for sale) 13,690   26,236 Loans 52,467,251   50,136,728 Less: Allowance for loan losses (590,600)  (583,400)Net loans 51,876,651   49,553,328 Premises and equipment, net 316,364   330,757 Lease right of use assets 298,807   313,891 Bank owned life insurance 742,230   738,090 Accrued interest receivable 250,703   243,897 Goodwill 1,868,936   1,868,936 Other intangible assets, net 89,199   100,875 Other assets 1,730,457   1,592,321 Total Assets$66,318,308  $64,132,725 Liabilities   Deposits:   Non-interest bearing$12,549,527  $12,155,500 Interest bearing:   Savings, NOW and money market 28,666,443   28,603,470 Time 12,902,637   11,424,123 Total deposits 54,118,607   52,183,093 Short-term borrowings 433,484   91,475 Long-term borrowings 2,607,222   2,908,579 Junior subordinated debentures issued to capital trusts 57,977   57,803 Lease liabilities 355,482   372,448 Accrued expenses and other liabilities 828,392   711,629 Total Liabilities 58,401,164   56,325,027 Shareholders’ Equity   Preferred stock, no par value; 50,000,000 authorized shares:   Series A (4,600,000 shares issued at June 30, 2026 and December 31, 2025) 111,590   111,590 Series B (4,000,000 shares issued at June 30, 2026 and December 31, 2025) 98,101   98,101 Series C (6,000,000 shares issued at June 30, 2026 and December 31, 2025) 144,654   144,654 Common stock (no par value, authorized 650,000,000 shares; issued 560,878,750 shares at June 30, 2026 and December 31, 2025) 196,730   196,730 Surplus 5,458,768   5,464,845 Retained earnings 2,103,922   1,912,933 Accumulated other comprehensive loss (99,617)  (74,379)Treasury stock, at cost (7,809,650 common shares at June 30, 2026 and 4,260,729 common shares at December 31, 2025) (97,004)  (46,776)Total Shareholders’ Equity 7,917,144   7,807,698 Total Liabilities and Shareholders’ Equity$66,318,308  $64,132,725  VALLEY NATIONAL BANCORP
CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
(in thousands, except for share data)
 Three Months Ended Six Months Ended June 30, March 31, June 30, June 30,  2026   2026  2025   2026  2025 Interest Income         Interest and fees on loans$736,060  $708,640 $720,282  $1,444,700 $1,423,891 Interest and dividends on investment securities:         Taxable 76,113   73,808  67,164   149,921  131,062 Tax-exempt 5,048   4,718  4,681   9,766  9,383 Dividends 5,771   4,800  5,528   10,571  11,192 Interest on federal funds sold and other short-term investments 6,383   10,758  7,357   17,141  14,236 Total interest income 829,375   802,724  805,012   1,632,099  1,589,764 Interest Expense         Interest on deposits:         Savings, NOW and money market 190,973   190,785  203,390   381,758  403,611 Time 112,693   106,678  129,324   219,371  254,393 Interest on short-term borrowings 6,047   236  1,736   6,283  4,682 Interest on long-term borrowings and junior subordinated debentures 32,638   33,500  38,154   66,138  74,565 Total interest expense 342,351   331,199  372,604   673,550  737,251 Net Interest Income 487,024   471,525  432,408   958,549  852,513 (Credit) provision for credit losses for available for sale and held to maturity securities (2)  12  4   10  (10)Provision for credit losses for loans 29,166   21,244  37,795   50,410  100,470 Net Interest Income After Provision for Credit Losses 457,860   450,269  394,609   908,129  752,053 Non-Interest Income         Wealth management and trust fees 17,655   16,006  14,056   33,661  29,087 Insurance commissions 3,770   2,867  3,430   6,637  6,832 Capital markets 12,933   10,381  9,767   23,314  16,707 Service charges on deposit accounts 18,728   18,204  14,705   36,932  27,431 Gains (losses) on securities transactions, net 50   21  (1)  71  45 Fees from loan servicing 3,268   3,218  3,671   6,486  6,886 Gains on sales of loans, net 1,742   3,090  2,025   4,832  4,222 Bank owned life insurance 5,913   5,835  6,019   11,748  10,796 Other 9,652   9,214  8,932   18,866  18,892 Total non-interest income 73,711   68,836  62,604   142,547  120,898 Non-Interest Expense         Salary and employee benefits expense 150,432   155,715  145,422   306,147  288,040 Net occupancy expense 27,179   27,182  25,483   54,361  51,371 Technology, furniture and equipment expense 33,247   31,878  30,667   65,125  60,563 FDIC insurance assessment 11,691   10,476  12,192   22,167  25,059 Amortization of other intangible assets 6,268   6,919  7,427   13,187  15,446 Professional and legal fees 29,533   25,142  19,970   54,675  35,640 Loss on extinguishment of debt —   —  922   —  922 Amortization of tax credit investments 16,157   16,014  9,134   32,171  18,454 Other 36,616   36,600  32,905   73,216  65,245 Total non-interest expense 311,123   309,926  284,122   621,049  560,740 Income Before Income Taxes 220,448   209,179  173,091   429,627  312,211 Income tax expense 49,563   45,266  39,924   94,829  72,986 Net Income 170,885   163,913  133,167   334,798  239,225 Dividends on preferred stock 7,316   7,217  6,948   14,533  13,903 Net Income Available to Common Shareholders$163,569  $156,696 $126,219  $320,265 $225,322  VALLEY NATIONAL BANCORP
Quarterly Analysis of Average Assets, Liabilities and Shareholders' Equity and
Net Interest Income on a Tax Equivalent Basis
 Three Months Ended June 30, 2026 March 31, 2026 June 30, 2025 Average   Avg. Average   Avg. Average   Avg.($ in thousands)Balance Interest Rate Balance Interest Rate Balance Interest RateAssets                 Interest earning assets:               Loans(1)(2)$51,884,173 $736,082  5.67% $50,265,383 $708,662  5.64% $49,032,637 $720,305  5.88%Taxable investments(3) 7,928,555  81,884  4.13   7,732,330  78,608  4.07   7,350,792  72,692  3.96 Tax-exempt investments(1)(3) 544,950  6,390  4.69   542,177  5,972  4.41   544,302  5,925  4.35 Interest bearing deposits with banks 699,684  6,383  3.65   1,178,997  10,758  3.65   625,893  7,357  4.70 Total interest earning assets 61,057,362  830,739  5.44   59,718,887  804,000  5.39   57,553,624  806,279  5.60 Other assets 4,527,461      4,471,197      4,553,321    Total assets$65,584,823     $64,190,084     $62,106,945    Liabilities and shareholders' equity                 Interest bearing liabilities:                 Savings, NOW and money market deposits$28,920,057 $190,973  2.64% $29,203,978 $190,785  2.61% $26,451,349 $203,390  3.08%Time deposits 11,881,270  112,693  3.79   11,226,874  106,678  3.80   12,119,461  129,324  4.27 Short-term borrowings 674,094  6,047  3.59   71,809  236  1.31   196,491  1,736  3.53 Long-term borrowings(4) 2,684,781  32,638  4.86   2,849,479  33,500  4.70   3,146,434  38,154  4.85 Total interest bearing liabilities 44,160,202  342,351  3.10   43,352,140  331,199  3.06   41,913,735  372,604  3.56 Non-interest bearing deposits 12,372,974      11,942,322      11,336,314    Other liabilities 1,149,959      1,040,072      1,332,665    Shareholders' equity 7,901,688      7,855,550      7,524,231    Total liabilities and shareholders' equity$65,584,823     $64,190,084     $62,106,945                      Net interest income/interest rate spread(5)  $488,388  2.34%   $472,801  2.33%   $433,675  2.04%Tax equivalent adjustment   (1,364)      (1,276)      (1,267)  Net interest income, as reported  $487,024      $471,525      $432,408   Net interest margin(6)    3.19%     3.16%     3.01%Tax equivalent effect    0.01      0.01      0.00 Net interest margin on a fully tax equivalent basis(6)    3.20%     3.17%     3.01% _____________________

(1) Interest income is presented on a tax equivalent basis using a 21 percent federal tax rate.
(2) Loans are stated net of unearned income and include non-accrual loans.
(3) The yield for securities that are classified as available for sale is based on the average historical amortized cost.
(4) Includes junior subordinated debentures issued to capital trusts which are presented separately on the consolidated statements of financial condition.
(5) Interest rate spread represents the difference between the average yield on interest earning assets and the average cost of interest bearing liabilities and is presented on a fully tax equivalent basis.
(6) Net interest income as a percentage of total average interest earning assets.

 INVESTOR RELATIONS
Requests for copies of reports and/or other inquiries should be directed to Andrew Jianette, Investor Relations, Valley National Bancorp, 70 Speedwell Avenue, Morristown, New Jersey, 07960 by e-mail at [email protected].  Contact: Travis Lan  Senior Executive Vice President and Chief Financial Officer  973-686-5007

Ryder System, Inc. (NYSE: R) reported results for the three months ended June 30 as follows: This press release features multimedia. View the full release her

July 23, 2026 08:45 ET  | Source: China SXT Pharmaceuticals, Inc.

TAIZHOU, China, July 23, 2026 (GLOBE NEWSWIRE) -- China SXT Pharmaceuticals Inc. (NASDAQ: SXTC) (the “Company”), today announced that it has entered into a definitive securities purchase agreement with certain institutional investors for the purchase and sale of an aggregate of 4,500,000 units (each, a “Unit”), consisting of one Class A ordinary share of the Company, no par value per share (each, a “Class A ordinary share”), and one common warrant (each, a “Warrant”), at a purchase price of $2.00 per Unit in a registered direct offering.

Each of the Warrants will have an exercise price of $3.20 per Class A Class A ordinary share, will be immediately exercisable upon issuance, and will expire on the one year anniversary of the issuance date. The aggregate gross proceeds to the Company of this offering are expected to be approximately $9 million, before deducting placement agent fees and other offering expenses payable by the Company. The transaction is expected to close on or about July 24, 2025, subject to the satisfaction of customary closing conditions.

Univest Securities, LLC is acting as the sole placement agent.

The registered direct offering is being made pursuant to a shelf registration statement on Form F-3 (File No. 333-291428) previously filed by the Company with the U.S. Securities and Exchange Commission (“SEC”) and became effective on December 1, 2025. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Univest Securities, LLC at [email protected], or by calling +1 (212) 343-8888.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus will be filed by the Company and, upon filing, can be obtained at the SEC's website at www.sec.gov.

About China SXT Pharmaceuticals Inc.

Founded in 2005 and headquartered in Taizhou City, Jiangsu Province, China, China SXT Pharmaceuticals, Inc. is an innovative pharmaceutical company focusing on the research, development, manufacture, marketing and sales of traditional Chinese medicine pieces, which is a type of Traditional Chinese Medicine that has been processed to be ready for use. For more information, please visit www.sxtchina.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the U.S. Securities and Exchange Commission.

China SXT Pharmaceuticals Inc.

Feng Zhou, Chief Executive Officer

Email: [email protected]

SYDNEY, July 23, 2026 (GLOBE NEWSWIRE) -- Brazilian Rare Earths Limited (ASX: BRE / OTCQX: BRELY) ('BRE') is pleased to report progress during the quarter ended 30 June 2026. Highlights during and subsequent to the end of the quarter include: VELHINHAS AIRBORNE GEOPHYSICS AND DRILLING UNLOCKS +9 KM RARE EARTH CORRIDOR IN THE MONTE ALTO DISTRICT New District-Scale Growth Corridor: High-resolution airborne geophysics defined more than 9 km of cumulative exploration corridors across the Velhinhas project, beginning ~5 km south of the ultra-high-grade Monte Alto Deposit and extending rare earth mineralisation to over 8 km south of Monte Alto Multiple Parallel Exploration Trends: The survey confirmed four large-scale north-northeast trending mineralised corridors, converting numerous ultra-high-grade surface results into a district-scale exploration model analogous with the Sulista district opportunity Drilling Results Confirm High-Grade Mineralisation: Reconnaissance diamond drilling returned grades of 19.6% TREO, 33,607 ppm NdPr, 1,463 ppm Dy₂O₃, 248 ppm Tb₄O₇, 7,431 ppm Y₂O₃ and 1,087 ppm U₃O₈ Critical Mineral Grades: High-grade assays are accompanied by NdPr, DyTb, yttrium, niobium, scandium, tantalum and uranium, consistent with BRE's high-value REE-Nb-Sc-Ta-U systems at Monte Alto and Sulista Monte Alto District Growth Accelerates: Velhinhas expands the Monte Alto growth story, highlighting the potential for a district-scale mineral system extending south from the ultra-high-grade Monte Alto Deposit EXCEPTIONAL YTTRIUM-RICH HEAVY RARE EARTH DRILL RESULTS EXPAND THE MONTE ALTO DISTRICT Exceptional heavy rare earth grades: MADD0210 returned 2.5 m at 7.5% TREO from 6.0 m, including 1.3 m at 10.9% TREO from 7.2 m, with 58,249 ppm (5.8%) Y2O3, 4,135 ppm Dy2O3, 488 ppm Tb4O7 and 1,588 ppm U3O8 New high-grade, heavy rare earth target remains open: Auger hole STU2478, located ~200 m southwest of the initial diamond drilling, returned 12 m at 8.7% TREO from 18 m to end of hole, including 1,004 ppm DyTb and 0.44% Y2O3.

Posted by Defense World Staff on Jul 23rd, 2026

California Public Employees Retirement System reduced its stake in Hasbro, Inc. (NASDAQ:HAS – Free Report) by 47.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 289,658 shares of the company’s stock after selling 260,331 shares during the period. California Public Employees Retirement System owned about 0.20% of Hasbro worth $27,112,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. CYBER HORNET ETFs LLC purchased a new position in shares of Hasbro in the second quarter worth $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Hasbro during the 4th quarter valued at $27,000. MUFG Securities EMEA plc bought a new stake in Hasbro in the 2nd quarter worth $28,000. Cedar Mountain Advisors LLC purchased a new position in shares of Hasbro in the first quarter valued at about $37,000. Finally, Wexford Capital LP purchased a new position in shares of Hasbro in the third quarter valued at about $37,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

More Hasbro News Here are the key news stories impacting Hasbro this week:

Positive Sentiment: Hasbro reported Q2 earnings and revenue that beat Wall Street estimates, with sales up 16% year over year and management raising its full-year outlook for revenue, profit, margins, and EBITDA. Reuters article Positive Sentiment: Wizards of the Coast and digital gaming were the main growth drivers, with record Magic: The Gathering demand helping offset softer areas and signaling that Hasbro’s higher-margin franchise strategy is working. WSJ article Positive Sentiment: Several analysts reiterated bullish ratings after the quarter, and the company also announced a quarterly dividend, which can support investor confidence. TipRanks article Neutral Sentiment: Hasbro unveiled official Legend of Zelda toy figures tied to the franchise’s 40th anniversary, which adds a positive brand and licensing angle but is not yet a confirmed earnings driver. IGN article Negative Sentiment: Offsetting the upbeat earnings story, Hasbro disclosed a $56 million write-down tied to cancelling several video game projects, highlighting execution risk in its gaming pipeline. GameSpot article Analyst Ratings Changes Several analysts recently issued reports on the company. BNP Paribas Exane cut their target price on Hasbro from $117.00 to $114.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 15th. UBS Group reaffirmed a “buy” rating and set a $110.00 price target on shares of Hasbro in a research report on Thursday, June 18th. Zacks Research cut Hasbro from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Morgan Stanley lifted their price objective on Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Finally, Roth Capital restated a “buy” rating on shares of Hasbro in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and a consensus target price of $108.36.

View Our Latest Research Report on Hasbro

Hasbro Price Performance Shares of HAS stock opened at $89.04 on Thursday. The business’s fifty day moving average is $84.51 and its 200 day moving average is $90.34. The company has a quick ratio of 1.49, a current ratio of 1.66 and a debt-to-equity ratio of 4.16. The stock has a market cap of $12.60 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 2.19 and a beta of 0.49. Hasbro, Inc. has a twelve month low of $69.50 and a twelve month high of $106.98.

Hasbro (NASDAQ:HAS – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.16 by $0.12. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The company’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.30 earnings per share. Research analysts expect that Hasbro, Inc. will post 6.04 EPS for the current fiscal year.

Hasbro Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.80 annualized dividend and a yield of 3.1%. Hasbro’s payout ratio is presently -168.67%.

About Hasbro (Free Report)

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.

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Posted by Defense World Staff on Jul 23rd, 2026

California Public Employees Retirement System decreased its position in Core & Main, Inc. (NYSE:CNM – Free Report) by 3.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 396,840 shares of the company’s stock after selling 13,197 shares during the period. California Public Employees Retirement System owned approximately 0.20% of Core & Main worth $19,604,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Assenagon Asset Management S.A. increased its position in Core & Main by 881.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 52,963 shares of the company’s stock valued at $2,752,000 after acquiring an additional 47,569 shares during the last quarter. KBC Group NV lifted its position in shares of Core & Main by 11.6% during the 4th quarter. KBC Group NV now owns 2,618,916 shares of the company’s stock valued at $136,105,000 after buying an additional 272,258 shares in the last quarter. Impax Asset Management Group plc lifted its holdings in Core & Main by 10.8% during the fourth quarter. Impax Asset Management Group plc now owns 2,872,595 shares of the company’s stock valued at $149,289,000 after purchasing an additional 279,373 shares in the last quarter. Thomasville National Bank bought a new position in shares of Core & Main in the fourth quarter worth approximately $11,112,000. Finally, Oak Thistle LLC purchased a new stake in shares of Core & Main in the fourth quarter worth $509,000. 94.19% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Core & Main In other news, Director James D. Hope bought 2,067 shares of Core & Main stock in a transaction that occurred on Monday, July 6th. The stock was bought at an average price of $46.01 per share, for a total transaction of $95,102.67. Following the purchase, the director directly owned 11,805 shares of the company’s stock, valued at approximately $543,148.05. The trade was a 21.23% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.51% of the company’s stock.

Wall Street Analysts Forecast Growth A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Core & Main from $65.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Citigroup lowered their price objective on shares of Core & Main from $54.00 to $53.00 and set a “neutral” rating for the company in a research report on Thursday, June 11th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $24.00 price target on shares of Core & Main in a report on Thursday, June 11th. Finally, Barclays reduced their price objective on Core & Main from $63.00 to $62.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 25th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $57.73.

View Our Latest Stock Analysis on CNM

Core & Main Trading Up 0.9% Shares of NYSE CNM opened at $43.75 on Thursday. The business has a fifty day moving average price of $47.48 and a 200 day moving average price of $50.95. Core & Main, Inc. has a 1-year low of $42.50 and a 1-year high of $67.18. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.31 and a quick ratio of 1.31. The stock has a market capitalization of $8.47 billion, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 1.50 and a beta of 0.91.

About Core & Main (Free Report)

Core & Main, Inc (NYSE:CNM) is a leading distributor of water, sewer, storm drainage and fire protection products across North America. The company’s product portfolio includes valves, hydrants, pipe and fittings, meters, couplings and other essential components that support municipal, industrial and environmental infrastructure projects. By combining a comprehensive inventory with logistics and technical support, Core & Main helps customers address complex water system and distribution challenges.

With more than 300 branch locations and over 3,500 employees, Core & Main serves a diverse customer base that includes municipalities, contractors, engineers and utility providers.

Recommended Stories Five stocks we like better than Core & Main 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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BOISE, Idaho--(BUSINESS WIRE)--Albertsons® Companies, Inc. announced that Sharon McCollam, the company's President and Chief Financial Officer plans to retire later this year.

BOISE, Idaho--(BUSINESS WIRE)--Albertsons® Companies, Inc. today reported results for the first quarter of fiscal 2026, which ended June 20, 2026.