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In the latest close session, Upstart Holdings, Inc. (UPST - Free Report) was down 2.15% at $28.64. This move lagged the S&P 500's daily loss of 0.14%. Meanwhile, the Dow lost 0.01%, and the Nasdaq, a tech-heavy index, lost 0.57%.

Shares of the company have depreciated by 6.96% over the course of the past month, underperforming the Finance sector's gain of 2.55%, and the S&P 500's gain of 0.25%.

The investment community will be paying close attention to the earnings performance of Upstart Holdings, Inc. in its upcoming release. The company is slated to reveal its earnings on August 4, 2026. It is anticipated that the company will report an EPS of $0.58, marking a 61.11% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $354.89 million, up 37.93% from the year-ago period.

For the full year, the Zacks Consensus Estimates project earnings of $2.25 per share and a revenue of $1.43 billion, demonstrating changes of +29.31% and +36.53%, respectively, from the preceding year.

It is also important to note the recent changes to analyst estimates for Upstart Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. At present, Upstart Holdings, Inc. boasts a Zacks Rank of #3 (Hold).

In terms of valuation, Upstart Holdings, Inc. is presently being traded at a Forward P/E ratio of 12.99. This represents a premium compared to its industry average Forward P/E of 11.

It's also important to note that UPST currently trades at a PEG ratio of 0.32. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Financial - Miscellaneous Services industry held an average PEG ratio of 0.96.

The Financial - Miscellaneous Services industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 186, placing it within the bottom 25% of over 250 industries.

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

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

Southwest Airlines stock is trending lower. What’s pulling LUV shares down? Southwest Airlines Q2 Highlights Q2 Revenue: $8.43 billion, versus estimates of $8.58 billion Q1 Adjusted EPS: 94 cents, versus estimates of 51 cents Second-quarter operating revenue increased 16.4% year-over-year. The company said revenue per available seat mile (RASM) increased 16.2% year-over-year. RASM in the third quarter is expected to grow between 17.5% and 19.5%.

“Second quarter results demonstrate the earnings power of our business. We delivered results well ahead of consensus expectations despite nearly $900 million of additional fuel expense year-over-year,” said Bob Jordan, president and CEO of Southwest Airlines.

Southwest exited the quarter with $5.3 billion of liquidity, consisting of $3.8 billion in cash and cash equivalents and a revolving credit line of $1.5 billion.

The company guided for third-quarter adjusted earnings of 50 cents to 75 cents per share versus estimates of 82 cents per share. Southwest also sees full-year 2026 adjusted earnings in the range of $3.25 to $4.25 per share versus estimates of $3.17 per share.

“Our focus now turns to unlocking the company’s full earnings potential by continuing to optimize our network, product offering, and pricing, while continuing to strengthen financial performance,” Jordan added.

Southwest executives will discuss the quarter on an earnings call at 10 a.m. ET Thursday morning.

LUV Shares Slide After the CloseLUV Price Action: Southwest Airlines shares were down 2.06% in after-hours Wednesday, trading at $46.66 at the time of publication, according to Benzinga Pro.

Photo: Courtesy of Southwest Airlines.

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For the quarter ended June 2026, Southwest Airlines (LUV - Free Report) reported revenue of $8.43 billion, up 16.4% over the same period last year. EPS came in at $0.94, compared to $0.43 in the year-ago quarter.

The reported revenue represents a surprise of -1.68% over the Zacks Consensus Estimate of $8.58 billion. With the consensus EPS estimate being $0.52, the EPS surprise was +80.77%.

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

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

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

Load factor: 79.3% compared to the 81.4% average estimate based on five analysts.Passenger revenue per ASM (PRASM): 16.45 cents versus 16.65 cents estimated by four analysts on average.Available seat miles (ASMs): 47.09 billion versus the four-analyst average estimate of 47.11 billion.Revenue passenger miles (RPMs): 37.35 billion versus 38.5 billion estimated by four analysts on average.CASM, excluding Fuel and oil expense, special items, and profit sharing expense: 12.45 cents versus the four-analyst average estimate of 12.51 cents.Revenue Per Available Seat Mile (RASM): 17.91 cents compared to the 18.19 cents average estimate based on four analysts.Passenger revenue yield per RPM: 20.74 cents versus the three-analyst average estimate of 20.23 cents.CASM, excluding Fuel and oil expense and special items: 12.56 cents compared to the 12.68 cents average estimate based on three analysts.Fuel costs per gallon, including fuel tax: 3.92 $/gal compared to the 3.64 $/gal average estimate based on three analysts.Operating Revenues- Passenger [$M]: $7.75 billion compared to the $7.88 billion average estimate based on five analysts. The reported number represents a change of +16.9% year over year.Operating Revenues- Other: $637 million versus the five-analyst average estimate of $661.19 million. The reported number represents a year-over-year change of +11.2%.Operating Revenues- Freight [$M]: $50 million versus $51.87 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +13.6% change.View all Key Company Metrics for Southwest here>>>

Shares of Southwest have returned -1.5% over the past month versus the Zacks S&P 500 composite's +0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

MarketBeat Week in Review – 08/18 - 08/22CSX NASDAQ: CSX raised its full-year 2026 outlook after reporting a second quarter marked by higher volumes, record revenue and expanded margins, with executives saying stronger demand and cost controls helped offset fuel-related headwinds.

President and CEO Steve Angel said CSX made progress toward its goal of “best-in-class performance,” while acknowledging that network fluidity and service remain areas for improvement. For the quarter, total volume increased 6% and revenue rose 10% to what Angel described as a new quarterly record. Operating income and earnings per share both grew by double digits.

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This Railroad Stock Is Chugging Along to a New All-Time High“Our priority is achieving profitable growth, not gaining market share for its own sake,” Angel said. He added that CSX is focused on adding business that increases operating income, expands margins and generates good returns on invested capital.

Financial Results Show Margin Expansion Despite Fuel Costs Chief Financial Officer Kevin Boone said total revenue increased 10%, supported by higher fuel surcharge revenue, volume growth and higher pricing across merchandise, intermodal and coal markets. Total expenses rose 6%, but non-fuel expenses declined 2%.

Golden Cross Alert: 3 Stocks With Serious Upside PotentialOperating income increased 17%, and operating margins improved 240 basis points despite 160 basis points of fuel price headwinds. Earnings per share increased 23% in the quarter.

Second-quarter expenses increased by $138 million from the prior year. Boone said fuel expense rose $177 million due to higher diesel prices, partially offset by what the company described as record fuel efficiency. Labor costs increased $40 million, including nearly $90 million of combined pressure from higher incentive compensation and inflation. Those increases were mostly offset by savings from a 6% lower headcount across management and craft employees.

Boone said train and engine headcount will increase modestly in coming months to support service as demand improves, while CSX expects to use process improvements and technology to absorb attrition elsewhere in the business.

The company also continued to reduce purchased services and other expenses. Boone cited $23 million in lower third-party services spending within operations, helped by better use of internal maintenance functions and reviews of contractor activity. Intermodal terminal costs per lift fell 12% as the company absorbed higher volumes more efficiently.

Safety and Productivity Improve, But Dwell Rises Chief Operating Officer Mike Cory said CSX made progress in safety and productivity even as volumes grew faster than expected. The company’s FRA injury rate improved 19% from the prior year, while its train accident rate improved 30%. Cory said total people hours declined 7%.

Average velocity improved 3% year over year, but dwell increased. Cory said the company saw tightness in some parts of the network due to stronger demand and seasonal reductions in employee availability.

“Our service metrics aren’t where we want them to be, and particularly terminal dwell and trip plan performance,” Cory said during the question-and-answer portion of the call. He said the issue was not structural and that CSX expects sequential improvement in operating and service metrics.

Cory said CSX increased average tonnage per merchandise train by 5% and improved workforce productivity. He said the company plans only a modest increase in headcount and will avoid overcorrecting in a way that gives back productivity gains.

Intermodal Leads Volume Growth Chief Commercial Officer Maryclare Kenney said commercial and operations teams handled volumes that exceeded expectations. She said favorable market trends that began narrowly broadened through the spring, contributing to growth across the business.

Merchandise volume rose 4% year over year, while revenue increased 8%. Merchandise revenue per unit excluding fuel increased 1%, as pricing helped offset negative mix. Chemicals volume grew 8%, supported by plastics exports and demand for waste-by-rail. Metals and equipment revenue increased 14% on 3% higher volume, helped by new plate mill production and favorable mix from military and equipment moves. Forest products volume was flat from a year earlier, which Kenney said was a significant improvement from the first quarter.

Intermodal was the largest contributor to unit growth. Revenue increased 26% on 9% higher volume, while revenue per unit rose 16%, driven by fuel surcharge. Kenney said domestic intermodal growth benefited from new service offerings, tighter truck capacity and truck-to-rail conversions. She also cited faster service and expanded network capacity enabled by the Howard Street Tunnel.

Coal revenue increased 9% on 4% higher volume. Export tonnage increased 12%, driven by mine restarts and strong tonnage through Curtis Bay. Domestic tonnage declined 2% as lower natural gas prices and normalized customer inventories tempered demand.

Guidance Raised for 2026 CSX raised its 2026 outlook based on year-to-date performance and expectations for the rest of the year. The company now expects:

Full-year revenue growth in the mid- to high-single-digit range; Operating margin expansion of more than 350 basis points; Free cash flow growth of more than 80%; Capital spending of less than $2.4 billion, unchanged from the prior outlook. Kenney said the second-half outlook remains encouraging, with opportunities tied to new service offerings, industrial development projects, investments in transload and terminal networks, and truck-to-rail conversions. She said tighter truck supply and higher rates are reinforcing rail’s value proposition, particularly in forest products, waste, metals and domestic intermodal.

Still, Kenney flagged potential moderation in some markets. Automotive is starting the second half softer after strong second-quarter production, with normalized inventories and summer shutdowns ahead of new model launches in the fourth quarter. Plastics volumes in chemicals could also moderate after first-half pull-forward activity.

On pricing, Kenney reiterated that CSX expects same-store sales pricing to be stronger in 2026 than in 2025. She said truck capacity tightened over the past few months, particularly after regulatory enforcement, and that CSX has seen acceleration in domestic intermodal spot pricing and some recent rail asset contract renewals. However, she declined to provide a 2027 pricing outlook.

Angel said CSX continues to see opportunities in operations, pricing and productivity. “All businesses, great businesses, have opportunities for improvement, and we’re no different than anyone else,” he said.

About CSX (NASDAQ:CSX)CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX's freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.

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

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Ross Stores (ROST - Free Report) closed at $238.21 in the latest trading session, marking a +1.02% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.14% for the day. Meanwhile, the Dow lost 0.01%, and the Nasdaq, a tech-heavy index, lost 0.57%.

Heading into today, shares of the discount retailer had gained 2.95% over the past month, outpacing the Retail-Wholesale sector's gain of 0.45% and the S&P 500's gain of 0.25%.

The investment community will be paying close attention to the earnings performance of Ross Stores in its upcoming release. The company is expected to report EPS of $1.9, up 21.79% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $6.1 billion, reflecting a 10.36% rise from the equivalent quarter last year.

ROST's full-year Zacks Consensus Estimates are calling for earnings of $7.74 per share and revenue of $25.04 billion. These results would represent year-over-year changes of +17.1% and +10.08%, respectively.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Ross Stores. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Ross Stores currently has a Zacks Rank of #2 (Buy).

Looking at valuation, Ross Stores is presently trading at a Forward P/E ratio of 30.48. This represents a premium compared to its industry average Forward P/E of 30.

We can additionally observe that ROST currently boasts a PEG ratio of 2.65. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Discount Stores was holding an average PEG ratio of 2.65 at yesterday's closing price.

The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 22, finds itself in the top 9% echelons of all 250+ industries.

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

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

In the latest trading session, UiPath (PATH - Free Report) closed at $10.70, marking a -11.13% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.14% for the day. On the other hand, the Dow registered a loss of 0.01%, and the technology-centric Nasdaq decreased by 0.57%.

Prior to today's trading, shares of the enterprise automation software developer had gained 18.5% outpaced the Computer and Technology sector's loss of 4.82% and the S&P 500's gain of 0.25%.

The upcoming earnings release of UiPath will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.15, reflecting no change from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $397.59 million, up 9.91% from the prior-year quarter.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.8 per share and revenue of $1.78 billion. These totals would mark changes of +11.11% and +10.4%, respectively, from last year.

It's also important for investors to be aware of any recent modifications to analyst estimates for UiPath. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. UiPath is holding a Zacks Rank of #2 (Buy) right now.

Digging into valuation, UiPath currently has a Forward P/E ratio of 15.05. This represents a discount compared to its industry average Forward P/E of 19.55.

We can additionally observe that PATH currently boasts a PEG ratio of 0.72. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software industry had an average PEG ratio of 1.06 as trading concluded yesterday.

The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 104, this industry ranks in the top 43% of all industries, numbering over 250.

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

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

CALGARY, Alberta, July 22, 2026 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) will release its second-quarter 2026 results on Wednesday, July 29, 2026. The news release will provide consolidated second-quarter operating and financial information. The company’s financial statements will be available on Cenovus’s website, cenovus.com.

Second-quarter 2026 conference call: 9 a.m. MT (11 a.m. ET)

Analysts wishing to participate in the conference call are asked to register in advance.

To participate in the conference call, complete the online registration form before the call begins. Once registered, participants will receive a unique PIN to access the call by phone. You can either dial into the conference call using the unique PIN or select the “Call Me” option to receive an automated call.

A live audio webcast of the conference call will be available and will remain archived for approximately 30 days.

Cenovus Energy Inc.
Cenovus Energy Inc. is an integrated energy company with oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The company is committed to maximizing value by developing its assets in a safe, responsible and cost-efficient manner, integrating sustainability considerations into its business plans. Cenovus common shares are listed on the Toronto and New York stock exchanges. For more information, visit cenovus.com.

Find Cenovus on Facebook, LinkedIn, YouTube and Instagram.

Cenovus contacts:

InvestorsMediaInvestor Relations general line
403-766-7711Media Relations general line
403-766-7751

LONG BEACH, Calif., July 22, 2026 (GLOBE NEWSWIRE) -- Rocket Lab Corporation (Nasdaq: RKLB), a global leader in launch services and space systems, today announced that it will release its financial results for the second quarter 2026 following the close of the U.S. markets on Monday August 10th, 2026. Rocket Lab will host a corresponding conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).

A live webcast and replay of the conference call will be available on the Company’s Investor Relations website at www.investors.rocketlabcorp.com.

Rocket Lab Investor Relations Contact
Patrick Vorenkamp
[email protected]

Rocket Lab Media Contact
Murielle Baker
[email protected]

About Rocket Lab
Rocket Lab is a leading space company that provides launch services, spacecraft, payloads, and satellite components serving commercial, government, and national security markets. Rocket Lab’s Electron rocket is the world’s most frequently launched orbital small rocket; its HASTE rocket provides hypersonic test launch capability for the U.S. government and allied nations; and its Neutron launch vehicle in development will unlock medium launch for constellation deployment, national security and exploration missions. Rocket Lab’s spacecraft and satellite components have enabled more than 1,700 missions spanning commercial, defense and national security missions including GPS, constellations, and exploration missions to the Moon, Mars, and Venus. Rocket Lab is a publicly listed company on the Nasdaq stock exchange (RKLB). Learn more at www.rocketlabcorp.com.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our launch and space systems operations, launch schedule and window, safe and repeatable access to space, Neutron development, operational expansion and business strategy, are forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “strategy,” “future,” “could,” “would,” “project,” “plan,” “target,” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at https://investors.rocketlabcorp.com which could cause our actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

Model of LNG tanker is seen in front of Russia's flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab

CompaniesJuly 22 (Reuters) - Greece-based LNG carrier operator Dynagas (DLNG.N), opens new tab will be allowed to continue carrying Russian liquefied natural gas under ​new sanctions against Moscow set to be agreed ‌on by EU countries, the Financial Times reported on Wednesday, according to three diplomats briefed on the negotiations.

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The deal, which ​is yet to be approved by the EU ​envoys on Thursday, would allow companies from the bloc ⁠to continue transporting Moscow's LNG exports to third countries ​for a 12-month period that could be renewed. However, volumes would ​be capped at 2025 levels, the FT said.

The countries are also due to sign off on extending a price cap on Russian oil ​at $44.10 a barrel for a year as they look to ​continue restricting Moscow's fossil-fuel revenues, the report added.

Reuters could not immediately verify ‌the ⁠report. Dynagas and the EU were not immediately available for comment outside business hours when contacted by Reuters.

Greece dominates Europe's LNG carrier market and is among the biggest players globally, ​competing with Japan, ​China and ⁠the United States.

Last week, two Greek government officials told Reuters that EU sanctions against Russia risk ceding LNG ​market share to rivals.

EU ambassadors failed on Wednesday to ​agree ⁠on a 21st package of sanctions against Russia over its invasion of Ukraine, an EU diplomat told Reuters.

The new package targets Russia's ⁠banking ​sector in an effort to squeeze ​Moscow's financial system at what the EU sees as a vulnerable time.

Reporting by ​Natalia Bueno Rebolledo in Mexico City; Editing by Nia Williams

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

Shares of natural gas driller EQT Corporation (EQT +8.37%) rallied 8.5% in Wednesday's trading.

EQT reported second-quarter earnings today. While revenue and earnings per share actually came in lower than Wall Street analysts expected, the company also increased its production targets for the year while lowering costs. Meanwhile, management also announced big new supply deals that more than offset the earnings shortfall.

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EQT is controlling what it can In the second quarter, EQT's revenue plunged 29% to $1.81 billion, missing estimates by $30 million, while adjusted (non-GAAP) earnings per share fell a more modest 13% to $0.39. The bulk of the big decline in revenues was due to a much lower gain on derivative contracts, or hedges on natural gas prices. On top of that, the average realized price of natural gas also fell year over year by about 6% to $2.65 per thousand cubic feet (Mcfe).

Despite the headline "miss," EQT also announced several positives. For one, the company increased its full-year natural gas production guidance to 2.38 to 2.45 trillion cubic feet (​Tcfe), up from prior guidance of 2.28 to 2.38 Tcfe. What's impressive is that EQT is raising production guidance while lowering capital expenditure guidance by $25 million.

Additionally, management announced a new 10-year offtake agreement to supply natural gas to Competitive Power Ventures' Shay Energy Center in West Virginia. EQT also announced a liquefied natural gas (LNG) offtake agreement with an unnamed large and diversified Asian power company for 500,000 metric tons/year over five years.

Those long-term supply agreements, along with lower production costs-per cubic foot, seemed to de-risk a lot of the forward picture and protect against further downside in natural gas prices, so investors sent shares higher today.

Image source: Getty Images.

EQT is a unique natural gas play EQT has the largest acreage and lowest-cost natural gas supply in the U.S. Appalachian Basin, making it a core way to play the rise in natural gas demand driven by the AI data center build-out.

Of course, natural gas is a commodity, and all commodities are subject to significant price swings driven by global supply and demand. So even though natural gas prices have fallen this year due to a variety of factors, should we eventually get a big price spike due to the energy-hungry data center build-out, EQT is a well-executing stock to play that theme.

Molina (MOH - Free Report) came out with quarterly earnings of $1.51 per share, beating the Zacks Consensus Estimate of $1.37 per share. This compares to earnings of $5.48 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +10.22%. A quarter ago, it was expected that this provider of Medicaid-related services would post earnings of $1.57 per share when it actually produced earnings of $2.35, delivering a surprise of +49.68%.

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

Molina, which belongs to the Zacks Medical - HMOs industry, posted revenues of $10.87 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.08%. This compares to year-ago revenues of $11.43 billion. The company has topped consensus revenue estimates two times over the last four quarters.

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

Molina shares have added about 30.5% since the beginning of the year versus the S&P 500's gain of 9.7%.

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

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

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

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

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.01 on $11.06 billion in revenues for the coming quarter and $5.23 on $44.41 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, Medical - HMOs is currently in the top 10% 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.

The Joint Corp. (JYNT - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026.

This company is expected to post quarterly earnings of $0.11 per share in its upcoming report, which represents a year-over-year change of +283.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

The Joint Corp.'s revenues are expected to be $14.7 million, up 10.7% from the year-ago quarter.

STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) announced today that its Board of Directors declared a quarterly cash dividend of $1.97 per share, payable on August 26, 2026 to stockholders of record as of August 12, 2026. About United Rentals United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,665 rental locations in North America, 44 in Europe, 47 in Australia and 18 in New Zealand. In North America, the comp.

New York, New York--(Newsfile Corp. - July 22, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of purchasers of securities of Hub Group, Inc. (NASDAQ: HUBG) between April 28, 2023 and May 11, 2026, inclusive (the "Class Period"), of the important August 28, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Hub Group securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Hub Group class action, go to https://rosenlegal.com/cases/hub-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 28, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that Hub Group's financial statements prepared for the periods from Q1 2023 to Q4 2024, including annual reports for 2023 and 2024, contained material misstatements-caused by the premature and incorrect recognition of certain transactions-concerning, inter alia, Hub Group's operating revenue, operating income, revenue recognition, effectiveness of internal controls and procedures, and drivers of financial results and growth. In addition, Hub Group's financial statements prepared for the periods from Q1 2025 to Q3 2025 contained material misstatements-caused by the understatement of purchased transportation costs and accounts payable -concerning, inter alia, Hub Group's operating expenses, purchased transportation and warehousing expenses, operating income, effectiveness of internal disclosure controls and procedures, and drivers of financial results and growth. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Hub Group class action, go to https://rosenlegal.com/cases/hub-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

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

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306162

Source: The Rosen Law Firm PA

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

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NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today announced a 2026 third-quarter dividend on its Preferred Stock Series B of $1.4393042 per share. The company also announced a 2026 third-quarter dividend on its common stock of $0.13 per share.Both preferred stock and common stock dividends will be paid on Sept. 15, 2026, to the respective stockholders of record at the close of business on Sept. 4, 2026.Sallie Mae (Nasdaq: SLM) believes education and life-lo.

Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Insulet (PODD) To Contact Him Directly To Discuss Their Options

If you purchased or acquired Insulet securities between February 21, 2025 and May 26, 2026 and would like to discuss your legal rights, contact Bragar Eagel & Squire partners Brandon Walker or Melissa Fortunato by email at [email protected] or by telephone at (212) 355-4648.

Click here to participate in the action.

NEW YORK, July 22, 2026 (GLOBE NEWSWIRE) --

What’s Happening:

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Insulet Corporation (“Insulet” or the “Company”) (NASDAQ:PODD) in United States District Court for the District of Massachusetts on behalf of all persons and entities who purchased or otherwise acquired Insulet securities between February 21, 2025 and May 26, 2026, both dates inclusive (the “Class Period”). Investors have until August 31, 2026 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
Allegation Details:

Throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and compliance policies.  Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Insulet’s manufacturing controls and procedures were defective; (ii) the foregoing created a foreseeable heightened risk that one or more Insulet products would be found to be in violation of applicable safety regulations and/or pose a risk of injury; and (iii) as a result, Defendants’ public statements were materially false and misleading at all relevant times. 
Next Steps:

If you purchased or otherwise acquired Insulet shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities, derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com.  Attorney advertising.  Prior results do not guarantee similar outcomes.
Follow us for updates on LinkedIn and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn.

Contact Information:

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
[email protected]
www.bespc.com

Janeen B. Kastner, the vice president of corporate benefits and risk management of RPM International Inc. (RPM +5.81%), disposed of 1,137 shares of common stock on July 19, 2026, according to a recent SEC Form 4 filing.

Transaction summaryMetricValueTransaction value$119,500Shares sold1,137Post-transaction shares (directly held)~135,000Post-transaction shares (indirectly held)1,123Post-transaction value$13.85 millionTransaction value based on SEC Form 4 weighted average sale price ($105.08).

Key questionsWas this a discretionary market transaction?
No, this was a non-discretionary transaction where the insider disposed of shares back to the issuer specifically to satisfy tax withholding obligations. These obligations were triggered by the vesting of Performance Stock Units originally granted to Janeen B. Kastner in 2023.What is the insider's total remaining equity interest in the company?
Beyond the roughly 136,000 shares held directly and through the company 401(k) plan, the insider also holds 212,000 stock appreciation rights. These derivative securities were granted between 2017 and 2026 and are set to vest in four equal annual installments starting one year from their respective grant dates.How does the company's current valuation compare to its recent financial performance?
As of the July 20, 2026, market close, shares were priced at $101.63, resulting in a market capitalization of $13 billion. This valuation is supported by trailing twelve-month revenue of $7.7 billion and net income of $665.9 million generated across the company's four primary operating segments: CPG, PCG, Consumer, and SPG.Company OverviewMetricValueShare Price (as of market close 2026-07-20)$101.63Market Capitalization$13.0 billionRevenue (TTM)$7.7 billionNet Income (TTM)$665.9 millionCompany SnapshotRPM International Inc. manufactures and distributes specialty chemicals for construction, industrial, specialty, and consumer markets, including waterproofing and coating systems, sealants, air barriers, roofing solutions, and resin flooring systems across four operating segments.The company generates revenue through the development and sale of high-performance specialty chemical products that address specific application needs in construction, building maintenance, industrial manufacturing, and consumer home improvement sectors.RPM serves a diverse customer base, including construction contractors, building maintenance professionals, industrial manufacturers, and residential consumers seeking specialized chemical solutions for waterproofing, sealing, bonding, and protective coating applications.RPM International Inc. is a $13 billion market capitalization specialty chemicals manufacturer with approximately 17,778 employees, generating $7.7 billion in TTM revenue. The company maintains a diversified portfolio across construction, industrial, and consumer markets, leveraging proprietary formulations and established distribution networks to compete in fragmented specialty chemical segments. RPM's strategic positioning in high-growth end markets such as building weatherization, infrastructure maintenance, and industrial flooring solutions provides sustainable competitive advantages through product differentiation and customer relationships.

What this transaction means for investorsKastner runs corporate benefits and risk management, so she of all people understands that a vesting event brings a tax bill, and that's exactly what this filing is. The same 2023 performance shares that vested for other RPM executives this week vested for her too, and 1,137 of them went to withholding rather than to the market. She holds around 136,000 shares across direct and retirement accounts, plus 212,000 appreciation rights, so her tie to the company runs deep.

RPM just closed fiscal 2026 on a high note, posting record fourth-quarter results as all three of its main segments grew despite persistent weakness in do-it-yourself consumer spending. The company produced $899 million in operating cash flow, one of its best years ever, and lifted its dividend for a 52nd straight year. CEO Frank Sullivan pointed to "system selling," bundling multiple products into engineered solutions, as a growth driver. Still, consumer softness remains a swing factor. RPM's construction and coatings businesses have carried the load thus far, but the DIY market's recovery would remove the one drag on an otherwise strong run.

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About the Author

Jonathan Ponciano is a contributing stock market analyst at The Motley Fool. He has nearly a decade of experience as a financial journalist, most recently as an editor and senior reporter at Forbes focused on markets, technology, and entrepreneurship. Jonathan has also written for Investopedia and the Los Angeles Business Journal. He holds a dual B.A. in Business Journalism and Economics from the University of North Carolina at Chapel Hill and an M.B.A. from Columbia Business School. A North Carolina native now based in New York City, Jonathan has also lived in Mexico City and Los Angeles.

, /PRNewswire/ -- The American Water Charitable Foundation, a 501(c)(3) organization established by American Water, the largest regulated water and wastewater utility company in the U.S., has announced that Big Sur Land Trust was awarded a Water and Environment grant. Big Sur Land Trust will use the funds to improve hiking trails and stewarded lands, resulting in improved coastal access.

"Receiving this grant from the American Water Charitable Foundation is truly transformative for our organization," said Sarah Digness, Institutional Giving Manger for the Big Sur Land Trust, "With this support, we can expand our efforts to protect local waterways and engage even more community members in environmental stewardship. We are grateful for the Foundation's commitment to making a lasting impact across California."

Improving hiking trails with grant funding will make outdoor access safer and more welcoming for residents and visitors, supporting healthier lifestyles and stronger community connection to local open spaces. Well-maintained trails also reduce erosion and protect nearby waterways and habitat by keeping hikers on durable routes and minimizing sediment runoff.

"We're proud to support Big Sur Land Trust's work to improve coastal access and protect the watersheds that sustain this region," said Josh Stratton of California American Water. "Investing in trail improvements helps keep people safely connected to the outdoors while promoting long-term environmental stewardship."

Cal Am and the Big Sur Land Trust partnership is supporting the community, because better trail conditions can boost local businesses and tourism by encouraging more people to explore the region year-round.

About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 18 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders. For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

About California American Water
California American Water, a subsidiary of American Water (NYSE: AWK) with approximately 300 dedicated employees, provides safe, clean, reliable and affordable water and wastewater services to approximately 720,000 people. 

SOURCE American Water

Constellation Energy (CEG +4.66%) stock was true to its name on Wednesday, as investors energetically traded it almost 5% higher. This was part of a broader rally in nuclear stocks, on the back of a splashy deal signed between the U.S. government and a key ally, plus reports of a new top-down initiative to spur power plant build-outs in this country.

The Saudi deal The Trump administration announced Wednesday that it had signed a long-term deal to help develop nuclear technology with Saudi Arabia. The 30-year pact formalizes nuclear cooperation between the two nations and pushes several U.S. energy companies into leading roles in build-outs in the strategic Middle Eastern country.

Image source: Getty Images.

It's important to note that Constellation isn't likely to be one of the main companies involved in the work, as its concentration is on domestic energy generation. Yet as the No. 1 operator of American nuclear plants, it could serve in an advisory or training capacity.

Besides, the government's striking this deal is yet another strong indication of its desire to promote and support the nuclear power industry.

Today's Change

(

4.66

%) $

12.23

Current Price

$

274.45

Continued domestic push Separately, Bloomberg reported that the administration is also planning to launch a new, $200 million program to support the construction of power plants within our borders. A key goal of this initiative, not surprisingly, is to satisfy the considerable power needs of artificial intelligence (AI)-ready data centers.

As nuclear plants produce considerable clean power, they are considered ideal facilities for such a push.

The Bloomberg article, which cited a document its reporters had seen, mentioned small modluar reactor (SMR) specialists Oklo and X-Energy as participants on the energy industry side, and Microsoft and Nvidia as partners from the tech sector.

Constellation was not mentioned in the article, as it operates full-scale nuclear facilities and not SMRs. Even if it doesn't end up playing a role in the program, it's sure to benefit from this latest top-down effort to boost the nation's power-generating capacity.

Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Constellation Energy, Microsoft, and Nvidia. The Motley Fool has a disclosure policy.

July 22, 2026 16:30 ET  | Source: LiveRamp, Inc.

SAN FRANCISCO, July 22, 2026 (GLOBE NEWSWIRE) -- LiveRamp® (NYSE: RAMP), the leading global data collaboration platform, today announced that its fiscal 2027 first quarter financial results will be released on Wednesday, August 5, 2026 after the financial markets close.

In light of the previously announced and still pending transaction with Publicis Groupe, LiveRamp will not host an earnings conference call or provide financial guidance in conjunction with the earnings release.

To automatically receive LiveRamp financial news by email, please visit the company’s Investor Relations website and subscribe to email alerts.

About LiveRamp

LiveRamp is a leading data collaboration technology company, empowering marketers and media owners to deliver and measure marketing performance everywhere it matters. LiveRamp’s data collaboration network seamlessly unites data across advertisers, platforms, publishers, data providers, and commerce media networks—unlocking deep insights, delivering transformational consumer experiences, and driving measurable growth.

Built on a foundation of strict neutrality, interoperability, and global scale, LiveRamp enables organizations to maximize the value of their data while accelerating innovation. Trusted by many of the world’s leading brands, retailers, financial services providers, and healthcare innovators, LiveRamp is helping shape the future of responsible data collaboration in an AI-driven, outcomes-focused world where advertisers reach intended audiences and consumers receive more relevant advertising messages.

LiveRamp is headquartered in San Francisco, California, with offices worldwide. Learn more at LiveRamp.com.

For more information, contact:
Drew Borst
LiveRamp Investor Relations
[email protected]

Vertex Pharmaceuticals (VRTX - Free Report) closed at $472.57 in the latest trading session, marking a -1.96% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.14% for the day. On the other hand, the Dow registered a loss of 0.01%, and the technology-centric Nasdaq decreased by 0.57%.

Shares of the drugmaker witnessed a gain of 2.9% over the previous month, trailing the performance of the Medical sector with its gain of 5.8%, and outperforming the S&P 500's gain of 0.25%.

Market participants will be closely following the financial results of Vertex Pharmaceuticals in its upcoming release. The company plans to announce its earnings on August 3, 2026. On that day, Vertex Pharmaceuticals is projected to report earnings of $4.85 per share, which would represent year-over-year growth of 7.3%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.23 billion, up 8.78% from the year-ago period.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $19.15 per share and a revenue of $13.06 billion, indicating changes of +4.08% and +8.83%, respectively, from the former year.

Any recent changes to analyst estimates for Vertex Pharmaceuticals should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.04% decrease. At present, Vertex Pharmaceuticals boasts a Zacks Rank of #3 (Hold).

In terms of valuation, Vertex Pharmaceuticals is currently trading at a Forward P/E ratio of 25.17. This indicates a premium in contrast to its industry's Forward P/E of 19.23.

We can additionally observe that VRTX currently boasts a PEG ratio of 1.93. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Medical - Biomedical and Genetics industry held an average PEG ratio of 1.57.

The Medical - Biomedical and Genetics industry is part of the Medical sector. At present, this industry carries a Zacks Industry Rank of 98, placing it within the top 40% of over 250 industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

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

DUNKIRK, N.Y., July 22, 2026 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ: LSBK), the holding company for Lake Shore Bank (the “Bank”), reported unaudited net income of $2.2 million, or $0.29 per diluted share, for the second quarter of 2026 compared to net income of $1.9 million, or $0.25 per diluted share, for the second quarter of 2025.  For the first six months of 2026, the Company reported unaudited net income of $4.1 million, or $0.56 per diluted share, as compared to $3.0 million, or $0.39 per diluted share, for the first six months of 2025. The Company's financial performance for the second quarter of 2026 was positively impacted primarily by higher net interest income.

"I am pleased with our second quarter results, which reflect disciplined expense management, improved net interest income, and our team’s focused execution of strategic initiatives,” stated Kim C. Liddell, President, CEO, and Director. “These results provide a strong foundation as we continue serving our customers, communities, and shareholders."

Second Quarter 2026 and Year-to-Date Financial Highlights:

Net income increased to $2.2 million during the second quarter of 2026, an increase of $254,000, or 13.2%, when compared to the second quarter of 2025. Net income was positively impacted by an increase in net interest income of $771,000, or 12.6%, when compared to the second quarter of 2025;Net income increased to $4.1 million during the first half of 2026, an increase of $1.1 million, or 37.7%, when compared to the first half of 2025. Net income was positively impacted by an increase in net interest income of $2.0 million, or 17.0%, when compared to the first half of 2025;Net interest margin increased to 4.06% during the second quarter of 2026, an increase of four basis points when compared to net interest margin of 4.02% during the first quarter of 2026 and an increase of 22 basis points when compared to net interest margin of 3.84% during the second quarter of 2025;Efficiency ratio improved to 63.77% for the quarter ended June 30, 2026, a decrease of 5.81% as compared to 69.58% for the quarter ended March 31, 2026 and a decrease of 3.05% when compared to 66.82% for the quarter ended June 30, 2025;Annualized return on average assets increased to 1.19% for the quarter ended June 30, 2026, an increase of 12 basis points as compared to 1.07% for the quarter ended March 31, 2026, and an increase of eight basis points when compared to 1.11% for the quarter ended June 30, 2025; Book value per share increased 1.7% to $18.41 per share at June 30, 2026, as compared to $18.10 per share at December 31, 2025;Non-performing assets as a percentage of total assets decreased to 0.20% at June 30, 2026, as compared to 0.23% at December 31, 2025; andThe Bank's capital position remains "well capitalized" with a Tier 1 Leverage ratio of 17.43% and a Total Risk-Based Capital ratio of 24.04% at June 30, 2026. Net Interest Income

Net interest income for the second quarter of 2026 increased by $233,000, or 3.5%, to $6.9 million as compared to $6.7 million for the first quarter of 2026 and increased $771,000, or 12.6%, as compared to $6.1 million for the second quarter of 2025. Annualized net interest margin was 4.06% for the second quarter of 2026, as compared to 4.02% for the first quarter of 2026 and 3.84% for the second quarter of 2025.

Net interest income for the first half of 2026 increased $2.0 million, or 17.0%, to $13.6 million as compared to $11.6 million for the first half of 2025. Annualized net interest margin was 4.04% for the first half of 2026, as compared to 3.67% for the first half of 2025.

Interest income for the second quarter of 2026 was $9.4 million, an increase of $333,000, or 3.7%, compared to $9.1 million for the first quarter of 2026, and an increase of $281,000, or 3.1%, compared to $9.1 million for the second quarter of 2025.  Interest income was $18.4 million for the first six months of 2026, an increase of $1.0 million, or 5.5%, when compared to $17.5 million for the first six months of 2025.

The increase in interest income from the prior quarter was primarily due to a six basis point increase in the average yield on interest-earning assets and a $16.7 million, or 2.5%, increase in the average balance of interest-earning assets. Interest earned on loans increased by $232,000, or 2.8%, due to an eight basis point increase in the average yield on loans and an $8.1 million, or 1.5%, increase in the average balance of loans. Interest earned on interest-earning deposits increased by $107,000, or 22.8%, due to a $10.7 million, or 19.9%, increase in the average balance of interest-earning deposits and a nine basis point increase in the average yield earned on interest-earning deposits.

The increase in interest income from the prior year quarter was primarily due to a $42.0 million, or 6.6%, increase in the average balance of interest-earning assets, partially offset by a 19 basis point decrease in the average yield on interest-earning assets. During the second quarter of 2026 as compared to the same period in 2025, there was a $306,000, or 113.3%, increase in interest income on interest-earning deposits due to a $37.6 million increase in the average balance of interest-earning deposits. This increase was partially offset by a 42 basis point decrease in the average yield on interest-earning deposits.   

Interest income for the first half of 2026 was $18.4 million, an increase of $968,000, or 5.5%, compared to $17.5 million, for the first half of 2025. This increase was primarily due to an increase in the average balance of interest-earning assets of $38.7 million, or 6.1%, when compared to the previous year period. Interest earned on interest-earning deposits increased by $541,000, or 107.3%, primarily due to a $34.1 million, or 134.4%, increase in the average balance of interest-earning deposits. Interest earned on loans increased by $474,000, or 2.9%, due to an increase in the average balance of loans of $5.6 million, or 1.0%, along with an 11 basis points increase in the average yield earned on loans. 

Interest expense for the second quarter of 2026 was $2.5 million, an increase of $100,000, or 4.2%, from $2.4 million in the first quarter of 2026, and a decrease of $490,000, or 16.4%, from $3.0 million for the second quarter of 2025. Interest expense for the first six months of 2026 was $4.9 million, a decrease of $1.0 million, or 16.9%, from $5.9 million for the first six months of 2025.

The increase in interest expense when compared to the previous quarter was primarily due to an increase in the average balance of interest-bearing liabilities of $11.6 million, or 2.5%, along with an increase in the average interest rate paid on interest-bearing liabilities of three basis points. During the second quarter of 2026, as compared to the previous quarter, interest expense on deposits increased by $100,000, or 4.2%, due to a $10.9 million, or 2.3% increase in the average balance of interest-bearing deposits and a three basis point increase in the average interest rate paid on interest-bearing deposit accounts. The increase in interest paid on interest-bearing deposit accounts was impacted by a $12.7 million, or 6.4%, increase in the average balance of time deposits, partially offset by a $2.4 million, or 1.5%, decrease in the average balance of money market accounts. The average interest rate paid on deposit accounts increased three basis points during the second quarter of 2026, when compared to the previous quarter primarily due to a two basis point increase in the average interest rate paid on money market accounts.

The decrease in interest expense when compared to the prior year quarter was primarily due to a 33 basis points decrease in average interest rate paid on interest-bearing liabilities and a $15.1 million, or 3.0%, decrease in the average balance of interest-bearing liabilities. During the second quarter of 2026 as compared to the same period in 2025, interest expense on deposits decreased by $476,000, or 16.1%, due to a 33 basis points decrease in the average interest rate paid on interest-bearing deposit accounts and a $14.3 million, or 2.9%, decrease in the average balance of interest-bearing deposits. The decrease in the average interest rate paid on deposit accounts was primarily due to the decrease in market interest rates, time deposit repricing, and a marginal shift in deposit composition. Average interest-bearing deposit balances decreased 2.9% during the second quarter of 2026 when compared to the second quarter of 2025 due to a decrease in all deposit categories except money market accounts. 

Interest expense for the first half of 2026 was $4.9 million, a decrease of $997,000, or 16.9%, from $5.9 million for the first half of 2025. The decrease in interest expense was primarily due to a 35 basis points decrease in average interest rate paid on interest-bearing liabilities and a decrease in the average balance of interest-bearing liabilities of $14.3 million, or 2.9%. During the first half of 2026, there was a $946,000 decrease in interest expense on interest-bearing deposit accounts when compared to the first half of 2025 due to a 33 basis points decrease in the average interest rate paid on interest-bearing deposits along with a decrease in the average balance of interest-bearing deposits of $12.0 million, or 2.5%. The decrease in the average interest rate paid on deposit accounts was primarily due to the decrease in market interest rates, time deposit repricing, and a marginal shift in deposit composition.

Non-Interest Income

Non-interest income was $749,000 for the second quarter of 2026, an increase of $46,000, or 6.5%, as compared to $703,000 for the first quarter of 2026, and a decrease of $51,000, or 6.4%, as compared to $800,000 for the second quarter of 2025. The increase from the prior quarter was primarily due to a $22,000 increase in service charges and fees and a $16,000 increase in debit card fees. The decrease from the prior year quarter was primarily due to a $65,000 decrease in gain on equity securities that were held in the prior year, partially offset by a $28,000 increase in earnings on bank-owned life insurance.

Non-interest income was $1.5 million for the first half of 2026, a decrease of $72,000, or 4.7%, as compared to the first half of 2025. The decrease was primarily due to a $111,000 decrease in gain on equity securities that were held in the prior year and a $14,000 decrease in earnings on annuity assets, partially offset by a $53,000 increase in earnings on bank-owned life insurance and a $12,000 increase in service charges and fees.

Non-Interest Expense

Non-interest expense was $4.9 million for the second quarter of 2026, a decrease of $250,000, or 4.9%, as compared to $5.1 million for the first quarter of 2026, and an increase of $248,000, or 5.4%, as compared to $4.6 million for the second quarter of 2025. The decrease from the prior quarter was primarily due to a decrease in salaries and employee benefits of $216,000, or 6.5%, along with decreases in occupancy and equipment of $77,000, or 10.7%, partially offset by an increase in data processing costs of $65,000, or 18.0%. The increase from the second quarter of 2025 was primarily related to an increase in the cost of health insurance, taxes, and other non-salary benefits of $236,000, or 8.3%, and an increase in occupancy and equipment of $27,000, or 4.4%, partially offset by a decrease in data processing of $31,000, or 6.8%.

Non-interest expense was $10.0 million for the first half of 2026, an increase of $493,000, or 5.2%, as compared to $9.5 million for the first half of 2025. The increase related primarily to an increase in the cost of health insurance, taxes, and other non-salary benefits of $628,000, or 10.9%, partially offset by a decrease in data processing costs of $130,000, or 14.2% and professional services of $37,000, or 6.5%, as a result of management's efforts to optimize operating expenses.

Income Tax Expense

Income tax expense was $477,000 for the second quarter of 2026, an increase of $47,000, or 10.9%, as compared to $430,000 for the first quarter of 2026, and an increase of $99,000, or 26.2%, as compared to $378,000 for the second quarter of 2025. The effective tax rate was 18.0% for the second quarter of 2026 as compared to 18.3% for the first quarter of 2026 and 16.5% for the second quarter of 2025. The increase in income tax expense from the prior quarter and prior year quarter was primarily related to the increase in pre-tax income earned during the current quarter. The increase from the prior year quarter was also due to an increase in the effective tax rate, which was primarily due to an increase in taxable income earned during the second quarter of 2026.

Income tax expense was $907,000 for the first half of 2026, an increase of $322,000, or 55.0%, as compared to $585,000 for the first half of 2025. The effective tax rate was 18.1% for the first half of 2026 and 16.4% for the first half of 2025. The increase in income tax expense from the first half of 2025 was primarily related to the increase in pre-tax income earned during the first half of 2026. The increase in the effective tax rate during the first half of 2026 was primarily due to an increase in taxable income earned during the first half of 2026. 

Credit Quality

The Company’s allowance for credit losses on loans was $4.7 million as of June 30, 2026 as compared to $4.9 million as of December 31, 2025. The Company’s allowance for credit losses on unfunded commitments was $495,000 as of June 30, 2026 as compared to $361,000 as of December 31, 2025. Non-performing assets as a percent of total assets decreased to 0.20% at June 30, 2026 as compared to 0.23% at December 31, 2025, primarily due to a decrease in non-performing assets of $250,000, or 14.9%. The Company’s allowance for credit losses on loans as a percent of loans at amortized cost was 0.84% and 0.87% and its allowance for credit losses on loans as a percent of non-performing loans was 331.85% and 290.71% at June 30, 2026 and December 31, 2025, respectively.

The Company recorded $119,000 provision for credit losses during the second quarter of 2026 and recorded a net provision for credit losses of $5,000 for the first half of 2026. Of the amount recorded for the second quarter of 2026, $170,000 related to a provision recorded to the allowance for credit losses for unfunded commitments, and $51,000 related to a credit recorded to the allowance for credit losses on the loan portfolio. For the first half of 2026, $134,000 related to a provision recorded to the allowance for credit losses for unfunded commitments, and $137,000 related to a credit recorded to the allowance for credit losses on the loan portfolio, net of charge-offs and recoveries. The increase in the allowance for credit losses on unfunded commitments and the corresponding provision for credit losses recognized during the first half of 2026 was primarily the result of an increase in outstanding unfunded commitments between the periods. The decrease in the allowance for credit losses on the loan portfolio was primarily related to a decrease in the calculated reserve rates, including the expected quantitative losses inclusive of forecasted economic trends, and the qualitative factor loss rates related to economic factors. The decrease primarily related to the commercial real estate and residential mortgage loan pools, partially offset by an increase in the calculation of expected losses for the commercial loan pool.

Balance Sheet Summary

Total assets at June 30, 2026 were $736.7 million, a $9.3 million increase, or 1.3%, as compared to $727.3 million at December 31, 2025. Cash and cash equivalents increased by $8.0 million, or 12.4%, from $64.3 million at December 31, 2025 to $72.2 million at June 30, 2026. The increase in cash and cash equivalents was primarily due to an increase in deposits of $5.0 million, or 0.9%, partially offset by an increase in loans receivable of $2.9 million, or 0.5%. Securities available for sale were $53.6 million at June 30, 2026 as compared to $56.1 million at December 31, 2025 representing a decrease primarily due to a decrease in the market value of the portfolio and paydowns received during the first half of 2026. Net loans receivable at June 30, 2026 and December 31, 2025 were $558.3 million and $555.4 million, respectively. Total deposits at June 30, 2026 were $578.2 million, an increase of $5.0 million, or 0.9%, compared to $573.3 million at December 31, 2025. The Company's uninsured deposits as a percentage of total deposits were 10.9% and 11.3%, at June 30, 2026 and December 31, 2025, respectively.

Stockholders’ equity at June 30, 2026 was $144.8 million, a $3.1 million increase, or 2.2%, as compared to $141.6 million at December 31, 2025. The increase in stockholders’ equity was primarily attributed to net income of $4.1 million, partially offset by dividends declared and paid of $1.3 million during the first half of 2026.

About Lake Shore

Lake Shore Bancorp is the holding company of Lake Shore Bank, a New York chartered, community-oriented financial institution headquartered in Dunkirk, New York. The Bank has ten full-service branch locations in Western New York, including four in Chautauqua County and six in Erie County. The Bank offers a broad range of retail and commercial lending and deposit services. Lake Shore Bancorp’s common stock is traded on the NASDAQ Global Market as “LSBK”. Additional information about Lake Shore Bancorp is available at  www.mylsbank.com.

Safe-Harbor

This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, that are based on current expectations, estimates and projections about the Company’s and the Bank’s industry, and management’s beliefs and assumptions. Words such as anticipates, expects, intends, plans, believes, estimates and variations of such words and expressions are intended to identify forward-looking statements. Such statements reflect management’s current views of future events and operations. These forward-looking statements are based on information currently available to the Company as of the date of this release. It is important to note that these forward-looking statements are not guarantees of future performance and involve and are subject to significant risks, contingencies, and uncertainties, many of which are difficult to predict and are generally beyond our control including, but not limited to, data loss or other security breaches, including a breach of our operational or security systems, policies or procedures, including cyber-attacks on us or on our third party vendors or service providers, economic conditions, the effect of changes in monetary and fiscal policy, inflation, tariffs, unanticipated changes in our liquidity position, climate change, public health issues, geopolitical conflict, increased unemployment, deterioration in the credit quality of the loan portfolio and/or the value of the collateral securing repayment of loans, reduction in the value of investment securities, the cost and ability to attract and retain key employees, regulatory or legal developments, tax policy changes, and our ability to implement and execute our business plan and strategy and expand our operations. These factors should be considered in evaluating forward looking statements and undue reliance should not be placed on such statements, as our financial performance could differ materially due to various risks or uncertainties. We do not undertake to publicly update or revise our forward-looking statements if future changes make it clear that any projected results expressed or implied therein will not be realized. 

Source: Lake Shore Bancorp, Inc.
Category: Financial

Investor Relations/Media Contact
Kim C. Liddell
President, CEO, and Director
Lake Shore Bancorp, Inc.
31 East Fourth Street
Dunkirk, New York 14048
(716) 366-4070 ext. 1012

Selected Financial Condition Data

 June 30,
 December 31,
  2026
 2025
   (Unaudited)   (Dollars in thousands)         Total assets$ 736,652  $ 727,323 Cash and cash equivalents  72,237    64,280 Securities available for sale, at fair value  53,567    56,138 Loans receivable, net  558,317    555,441 Deposits  578,240    573,277 Stockholders’ equity  144,761    141,639            Statements of Income

  Three Months Ended  Six Months Ended   June 30,  June 30,  2026
  2025
  2026
  2025
   (Unaudited)  (Dollars in thousands, except per share amounts) Interest income$ 9,388  $ 9,107  $ 18,442  $ 17,474 Interest expense  2,495    2,985    4,890    5,887 Net interest income  6,893    6,122    13,552    11,587 Provision for credit losses  119    —    5    48 Net interest income after provision for credit losses  6,774    6,122    13,547    11,539 Total non-interest income  749    800    1,452    1,524 Total non-interest expense  4,873    4,625    9,996    9,503 Income before income taxes  2,650    2,297    5,003    3,560 Income tax expense  477    378    907    585 Net income$ 2,173  $ 1,919  $ 4,096  $ 2,975 Basic and diluted earnings per share(1)$ 0.29  $ 0.25  $ 0.56  $ 0.39 Dividends declared and paid per share(1)$ 0.09  $ —  $ 0.18  $ 0.13                 Selected Financial Ratios               Return on average assets(2)  1.19%   1.11%   1.13%   0.87%Return on average equity(2)  6.04%   8.37%   5.71%   6.52%Average interest-earning assets to average interest-bearing liabilities  140.83%   128.12%   140.80%   128.81%Interest rate spread(2)  3.46%   3.32%   3.44%   3.13%Net interest margin(2)  4.06%   3.84%   4.04%   3.67%Efficiency ratio  63.77%   66.82%   66.62%   72.48%                     (1) Per share information reflects the effects of the Company's conversion and related stock offering for all periods presented, as applicable.
(2) Annualized

Average Balance Sheets, Interest, and Rates (Quarterly Comparison)

  For the Three Months Ended  For the Three Months Ended   June 30, 2026  June 30, 2025   Average
Balance  Interest
Income/
Expense  Yield/
Rate(2)  Average
Balance  Interest
Income/
Expense  Yield/
Rate(2)   (Unaudited)   (Dollars in thousands) Interest-earning assets:                      Interest-earning deposits $ 64,801  $ 576   3.56% $ 27,162  $ 270   3.98%Securities(1)   54,910    348   2.54%   56,222    368   2.62%Loans, including fees   559,192    8,464   6.05%   553,550    8,469   6.12%Total interest-earning assets   678,903  $ 9,388   5.53%   636,934  $ 9,107   5.72%Other assets   53,753           52,724        Total assets $ 732,656         $ 689,658                               Interest-bearing liabilities:                      Demand & NOW accounts $ 63,572  $ 14   0.09% $ 64,337  $ 15   0.09%Money market accounts   153,861    731   1.90%   153,547    955   2.49%Savings accounts(3)   50,642    8   0.06%   58,286    9   0.06%Time deposits   210,894    1,719   3.26%   217,101    1,969   3.63%Total interest-bearing deposits   478,969    2,472   2.06%   493,271    2,948   2.39%Borrowed funds & other interest-bearing liabilities   3,105    23   2.96%   3,869    37   3.83%Total interest-bearing liabilities   482,074  $ 2,495   2.07%   497,140  $ 2,985   2.40%Other non-interest bearing liabilities   106,759           100,826        Stockholders' equity   143,823           91,692        Total liabilities & stockholders' equity $ 732,656         $ 689,658        Net interest income     $ 6,893         $ 6,122    Interest rate spread          3.46%          3.32%Net interest margin          4.06%          3.84%                          (1) The tax equivalent adjustment for bank qualified tax exempt municipal securities, using a federal statutory rate of 21%, results in rates of 2.92% and 3.03% for the three months ended June 30, 2026 and 2025, respectively. Yields above are not presented on a tax equivalent basis.
(2) Annualized.
(3) Included within savings accounts as of June 30, 2025 is $43.7 million of funds collected and held on deposit in a segregated account in connection with the Company's completed second-step conversion and stock offering. The average rate paid on these funds was 5 basis points and the collection of these funds resulted in a $3.8 million increase in the average balance of savings accounts during the three months ended June 30, 2025.

Average Balance Sheets, Interest, and Rates (Year-to-Date Comparison)

  For the Six Months Ended  For the Six Months Ended   June 30, 2026  June 30, 2025   Average
Balance  Interest
Income/
Expense  Yield/
Rate(2)  Average
Balance  Interest
Income/
Expense  Yield/
Rate(2)   (Unaudited)   (Dollars in thousands) Interest-earning assets:                      Interest-earning deposits $ 59,461  $ 1,045   3.51% $ 25,372  $ 504   3.97%Securities(1)   55,975    701   2.50%   57,008    748   2.62%Loans, including fees   555,178    16,696   6.01%   549,578    16,222   5.90%Total interest-earning assets   670,614  $ 18,442   5.50%   631,958  $ 17,474   5.53%Other assets   53,542           52,193        Total assets $ 724,156         $ 684,151                               Interest-bearing liabilities                      Demand & NOW accounts $ 62,982  $ 29   0.09% $ 63,565  $ 30   0.09%Money market accounts   155,037    1,466   1.89%   153,116    1,822   2.38%Savings accounts(3)   50,951    16   0.06%   55,927    18   0.06%Time deposits   204,604    3,333   3.26%   212,975    3,920   3.68%Total interest-bearing deposits   473,574    4,844   2.05%   485,583    5,790   2.38%Borrowed funds & other interest-bearing liabilities   2,725    46   3.38%   5,046    97   3.84%Total interest-bearing liabilities   476,299  $ 4,890   2.05%   490,629  $ 5,887   2.40%Other non-interest bearing liabilities   104,401           102,202        Stockholders' equity   143,456           91,320        Total liabilities & stockholders' equity $ 724,156         $ 684,151        Net interest income     $ 13,552         $ 11,587    Interest rate spread          3.45%          3.13%Net interest margin          4.04%          3.67%                          (1) The tax equivalent adjustment for bank qualified tax exempt municipal securities, using a federal statutory rate of 21%, results in rates of 2.88% and 3.03% for the six months ended June 30, 2026 and 2025, respectively. Yields above are not presented on a tax equivalent basis.
(2) Annualized.
(3) Included within savings accounts as of June 30, 2025 is $43.7 million of funds collected and held on deposit in a segregated account in connection with the Company's completed second step conversion and stock offering. The average rate paid on these funds was 5 basis points and the collection of these funds resulted in a $1.9 million increase in the average balance of savings accounts during the six months ended June 30, 2025.

Average Balance Sheets, Interest, and Rates (Prior Quarter Comparison)

  For the Three Months Ended  For the Three Months Ended   June 30, 2026  March 31, 2026   Average
Balance  Interest
Income/
Expense  Yield/
Rate(2)  Average
Balance  Interest
Income/
Expense  Yield/
Rate(2)   (Unaudited)   (Dollars in thousands) Interest-earning assets:                      Interest-earning deposits $ 64,801  $ 576   3.56% $ 54,061  $ 469   3.47%Securities(1)   54,910    348   2.54%   57,052    354   2.48%Loans, including fees   559,192    8,464   6.05%   551,119    8,232   5.97%Total interest-earning assets   678,903  $ 9,388   5.53%   662,232  $ 9,055   5.47%Other assets   53,753           53,328        Total assets $ 732,656         $ 715,560                               Interest-bearing liabilities:                      Demand & NOW accounts $ 63,572  $ 14   0.09% $ 62,384  $ 15   0.10%Money market accounts   153,861    731   1.90%   156,226    735   1.88%Savings accounts   50,642    8   0.06%   51,263    8   0.06%Time deposits   210,894    1,719   3.26%   198,245    1,614   3.26%Total interest-bearing deposits   478,969    2,472   2.06%   468,118    2,372   2.03%Borrowed funds & other interest-bearing liabilities   3,105    23   2.96%   2,342    23   3.93%Total interest-bearing liabilities   482,074  $ 2,495   2.07%   470,460  $ 2,395   2.04%Other non-interest bearing liabilities   106,759           102,013        Stockholders' equity   143,823           143,087        Total liabilities & stockholders' equity $ 732,656         $ 715,560        Net interest income     $ 6,893         $ 6,660    Interest rate spread          3.46%          3.43%Net interest margin          4.06%          4.02%                          (1) The tax equivalent adjustment for bank qualified tax exempt municipal securities, using a federal statutory rate of 21%, results in rates of 2.92% and 2.85% for the three months ended June 30, 2026 and March 31, 2026, respectively. Yields above are not presented on a tax equivalent basis.
(2) Annualized.

Selected Quarterly Financial Data

  As of or For the Three Months Ended   June 30,
2026  March 31,
2026  December 31,
2025  September 30,
2025  June 30,
2025   (Unaudited)   (Dollars in thousands, except per share amounts) Selected Financial Condition Data:               Total assets $736,652  $722,011  $727,323  $742,802  $734,838 Cash and cash equivalents  72,237   61,607   64,280   83,638   75,367 Securities, at fair value  53,567   54,179   56,138   56,049   55,323 Loans receivable, net  558,317   553,879   555,441   552,611   552,389 Deposits  578,240   566,620   573,277   590,345   627,499 Long-term debt  —   —   —   2,000   2,000 Stockholders’ equity  144,761   142,378   141,639   139,306   92,884                 Condensed Statements of Income:               Interest income $9,388  $9,055  $9,457  $9,351  $9,107 Interest expense  2,495   2,395   2,835   2,996   2,985 Net interest income  6,893   6,660   6,622   6,355   6,122 Provision for credit losses  119   (113)  40   (269)  — Net interest income after provision for credit losses  6,774   6,773   6,582   6,624   6,122 Total non-interest income  749   703   683   1,065   800 Total non-interest expense  4,873   5,123   4,920   4,843   4,625 Income before income taxes  2,650   2,353   2,345   2,846   2,297 Income tax expense  477   430   411   487   378 Net income $2,173  $1,923  $1,934  $2,359  $1,919 Basic and diluted earnings per share(1) $0.29  $0.26  $0.26  $0.32  $0.25 Dividends declared and paid per share(1) $0.09  $0.09  $0.09  $0.09  $—                 Selected Financial Ratios:               Return on average assets(2)  1.19%  1.07%  1.04%  1.28%  1.11%Return on average equity(2)  6.04%  5.38%  5.49%  7.31%  8.37%Average interest-earning assets to average interest-bearing liabilities  140.83%  140.76%  138.60%  139.79%  128.12%Interest rate spread(2)  3.46%  3.43%  3.22%  3.02%  3.32%Net interest margin(2)  4.06%  4.02%  3.85%  3.72%  3.84%Efficiency ratio  63.77%  69.58%  67.35%  65.26%  66.82%                Asset Quality Ratios:               Non-performing loans as a percent of loans at amortized cost  0.25%  0.28%  0.30%  0.33%  0.32%Non-performing assets as a percent of total assets  0.20%  0.22%  0.23%  0.25%  0.24%Allowance for credit losses on loans as a percent of loans at amortized cost  0.84%  0.86%  0.87%  0.87%  0.93%Allowance for credit losses on loans as a percent of non-performing loans  331.85%  302.76%  290.71%  265.57%  290.53%                Share Information:               Common stock, number of shares outstanding(1)  7,863,818   7,863,388   7,825,388   7,825,501   7,803,102 Treasury stock, number of shares held(1)  —   —   —   —   1,459,691 Book value per share(1) $18.41  $18.11  $18.10  $17.80  $11.90 Tier 1 leverage ratio (Bank-only)  17.43%  17.54%  16.65%  16.34%  14.37%Total risk-based capital ratio (Bank-only)  24.04%  23.81%  23.51%  22.76%  18.94%                      (1) Share and per share information reflects the effects of the Company's conversion and related stock offering for all periods presented, as applicable.
(2) Annualized

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SEI Investments (SEIC - Free Report) came out with quarterly earnings of $1.66 per share, beating the Zacks Consensus Estimate of $1.45 per share. This compares to earnings of $1.78 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +14.48%. A quarter ago, it was expected that this investment management firm would post earnings of $1.29 per share when it actually produced earnings of $1.44, delivering a surprise of +11.63%.

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

SEI, which belongs to the Zacks Financial - Investment Management industry, posted revenues of $641.62 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.58%. This compares to year-ago revenues of $559.6 million. The company has topped consensus revenue estimates three times over the last four quarters.

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

SEI shares have added about 19.1% since the beginning of the year versus the S&P 500's gain of 9.7%.

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

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

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

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

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.55 on $666.96 million in revenues for the coming quarter and $5.98 on $2.59 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, Financial - Investment Management is currently in the top 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

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

This company is expected to post quarterly loss of $0.50 per share in its upcoming report, which represents a year-over-year change of +86.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Cannae Holdings, Inc.'s revenues are expected to be $103.7 million, down 5.9% from the year-ago quarter.

Alaska Air Group, Inc. (ALK) Q2 2026 Earnings Call July 22, 2026 11:30 AM EDT

Company Participants

Ryan St. John - Vice President of Finance, Planning & Investor Relations
Benito Minicucci - President, CEO & Director and CEO of Alaska Airlines
Andrew Harrison - Chief Commercial Officer & Executive VP
Shane Tackett - CFO & President of Alaska Airlines
Emily Halverson - VP of Finance and Treasury, Controller & Principal Accounting Officer of Alaska Airlines, Inc
Andrew Harrison - Executive VP & Chief Commercial Officer of Alaska Airlines Inc

Conference Call Participants

Atul Maheswari - UBS Investment Bank, Research Division
Duane Pfennigwerth - Evercore ISI Institutional Equities, Research Division
Conor Cunningham - Melius Research LLC
Savanthi Syth - Raymond James Ltd., Research Division
Brandon Oglenski - Barclays Bank PLC, Research Division
Catherine O'Brien - Goldman Sachs Group, Inc., Research Division
Thomas Fitzgerald - TD Cowen, Research Division
Michael Goldie - BMO Capital Markets Equity Research
Scott Group - Wolfe Research, LLC
Andrew Didora - BofA Securities, Research Division

Presentation

Operator

Good morning, ladies and gentlemen, and welcome to the Alaska Air Group 2026 Second Quarter Earnings Call. [Operator Instructions] Today's call is being recorded and will be accessible for future playback at alaskaair.com. [Operator Instructions]

I would now like to turn the call over to Alaska Air Group's Vice President of Finance, Planning and Investor Relations, Ryan St. John.

Ryan St. John
Vice President of Finance, Planning & Investor Relations

Thank you, operator, and good morning. Thanks for joining us today to discuss our second quarter 2026 earnings results. Yesterday, we issued our earnings release along with several accompanying slides detailing our results, which are available at investor.alaskaair.com. On today's call, you'll hear updates from Ben, Andrew and Shane. Several others of our management team are also on the line to answer your questions during the Q&A portion of the call.

Air

SANTA ANA, Calif.--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced financial results for the second quarter ended June 30, 2026. Current Quarter Highlights Earnings per diluted share of $2.12, or $2.08 per share on an adjusted basis Net investment gains of $12 million, or 9 cents per diluted share Purchase-relate.