Market Signal Briefing

Pepe Shiba inu XRP

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Tim Hakki

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Tim Hakki

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Feb 2024

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A journalist and copywriter with a decade's experience across music, video games, finance and tech.

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Last updated: 

48 minutes ago

When guided by well-crafted prompts, Anthropic’s AI model Claude delivers eye-popping price forecasts for XRP, Shiba Inu, and Pepe over the next eleven months.

According to the model, a prolonged crypto bull market combined with clearer, more favorable regulatory policies in the United States could propel leading digital assets to new all-time highs (ATHs) in the months ahead.

So, below is Claude AI’s outlook on three cryptocurrencies it believes could post unexpectedly strong performances this year.

XRP ($XRP): Claude AI Predicts XRP Could Surge to $8 by 2027Ripple’s XRP ($XRP) began 2026 with gusto, gaining 19% in the opening week of the year. Now trading near $1.83, Claude AI estimates that a sustained bull market could send XRP as high as $25 by the end of 2026. That scenario represents potential upside of around 1,200%, or more than thirteen times its current price.

Source: ClaudeXRP ranked among the strongest-performing large-cap cryptocurrencies last year. In July, it reached its first new ATH in seven years, climbing to $3.65 after Ripple secured a decisive legal victory against the U.S. Securities and Exchange Commission.

The ruling sharply reduced regulatory uncertainty surrounding XRP and eased concerns about broader enforcement pressure across the altcoin market.

From a technical perspective, XRP’s Relative Strength Index (RSI) sits near 43, suggesting more selling pressure in the midst of the current downturn. However, price action since early January has been consolidating into a bullish flag pattern. Supportive macroeconomic trends and clearer regulatory signals could spark a breakout consistent with Claude’s $8 target.

Strengthening the bullish outlook, newly approved spot XRP ETFs in the U.S. are beginning to draw interest from traditional investors, echoing the capital inflows seen following the launch of Bitcoin and Ethereum ETFs.

Shiba Inu (SHIB): Claude AI Projects 817% Returns for 2026 SHIB HODLersShiba Inu ($SHIB), introduced in 2020 as a playful challenger to Dogecoin, has evolved into a major crypto ecosystem with a market capitalization of around $4.3 billion.

Source: ClaudeTrading at approximately $0.000007283, Claude AI suggests that a clean breakout above resistance between $0.000025 and $0.00003 could ignite a powerful rally, potentially pushing SHIB to $0.0000668 by the end of the year.

That move would translate to roughly 817% upside from current levels and would place the token slightly below the ATH of $0.00008616, set in October 2021.

On the fundamentals side, Shiba Inu now offers more than meme-driven hype. Its Layer-2 solution, Shibarium, provides faster transaction speeds, reduced fees, enhanced privacy, and improved tooling for developers, helping distinguish SHIB from meme coins with little real-world utility.

Pepe ($PEPE): Claude AI Explores a 2,000% Bullish ScenarioPepe ($PEPE), which launched in April 2023, has become the largest meme coin outside the doge meme category, with a market capitalization of roughly $2 billion.

Source: ClaudeInspired by Matt Furie’s “Boy’s Club” comics, PEPE’s instantly recognizable imagery and cultural resonance have kept it constantly in the spotlight on social media.

Despite intense competition within the meme coin sector, PEPE’s loyal community and the legion of copycats it has inspired have kept it among the subsector’s consistent leaders.

Occasional cryptic posts from Elon Musk on X have additionally ignited speculation that PEPE could sit alongside DOGE and BTC in his personal holdings.

PEPE currently trades near $0.0000047, about 83% below its December 2024 all-time high of $0.00002803.

Under Claude’s most optimistic assumptions, PEPE could rally by exactly 2,000%, rising to around $0.0000987 and smashing its previous record high.

Maxi Doge (MAXI): A Meme Coin Built for Extreme SwingsFinally, outside of Claude’s ken, Maxi Doge ($MAXI) has quickly become one of January’s most discussed meme coin presales, raising more than $4.5 million ahead of its initial exchange listings.

The project presents itself as Dogecoin’s undeniably brash, gym-obsessed cousin, leaning heavily into exaggerated meme culture and embracing the wild comic energy that originally made meme coins popular.

Maxi Doge aims to rally a community intent on overtaking Dogecoin, appealing to traders attracted by high-risk speculation, community-driven hype, and unapologetically degen humor.

MAXI is issued as an ERC-20 token on Ethereum’s proof-of-stake network, giving it a smaller environmental footprint compared with Dogecoin’s proof-of-work design.

At this time, presale buyers can stake MAXI for yields of up to 68% APY, with rewards gradually tapering as participation increases. The token is currently priced at $0.0002801, with automatic price increases scheduled at each presale milestone. Purchases are supported via MetaMask and Best Wallet.

Move over, Dogecoin. Maxi Doge is the top dog in Memesville now!

Stay updated through Maxi Doge’s official X and Telegram pages.

Visit the Official Website Here

Vitalik Buterin and the Ethereum Foundation relaunched the Ethereum DAO. They allocated around 75,000 ETH, part of which will be used to improve on-chain security.

The new DAO will feature a $220 million fund. Of that amount, $13.5 million will be assigned to security project grants through member voting. The remaining 69,420 ETH will be staked in the Beacon Chain contract to generate passive income, estimated at up to $8 million annually from block and fee rewards.

The relaunch will use unclaimed ETH from the original DAO, which dissolved after a hack that resulted in a loss of around 3.6 million ETH. The original DAO led to the creation of Ethereum Classic through a hard fork.

Griff Green, co-founder of several Ethereum ecosystem projects, will lead the new structure. The DAO contract and its governance mechanisms are already active.

Source: https://x.com/thedaofund/status/2016898906915811488

Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.

This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions

The United States federal government is on track for another shutdown by the end of Friday. The Congressional Democrats have been pushing for changes to ICE policies, thus standing in the way of President Donald Trump. On Thursday, the Senate blocked the House-approved 6-bill spending package with a vote of 45–55.

Crypto Price Prediction Today 29 January – XRP, Bitcoin, Ethereum Bitcoin Ethereum XRP

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Ahmed Balaha

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Ahmed Balaha

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Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.

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17 minutes ago

BTC price is dumping again, and this time it might really be going toward $80,000. At the time of writing, Bitcoin is trading at $89,500 and is down 4% on the day.

Bitcoin continues to look weak as stocks and gold break to new all-time highs. Altcoins like XRP and Ethereum are passengers in this move and are suffering alongside Bitcoin after a tough 2025 overall. Below is how their prices may play out through 2026.

Bitcoin Price Prediction: You Definitely Can’t Be This Bad? $80,000 Could Be NextSource: Bitcoin ETF Net Flow Chart / CMCAs of today, January 29, Bitcoin has completed 7 consecutive days of ETF outflows, marking the longest streak since its debut.

This did not come out of nowhere. Ongoing uncertainty has made risk assets struggle, and while gold and stocks are surging, investors are clearly not waiting around.

All this has led to Bitcoin breaking down from a rising wedge that had been squeezing the price for weeks.

Source: BTCUSD / TradingViewIn this context, that is not a great look. The pattern formed after a sharp selloff, which already leaned bearish to begin with. The key level was the rising lower trendline, and once the price closed below it and failed to reclaim it, the setup was basically done.

This breakdown suggests buyers are losing control and that the move higher was more of a corrective bounce than a real trend reversal.

As long as BTC stays below the broken support and cannot get back above the mid $90,000s, any rallies are likely just relief moves, with downside liquidity around the low $80,000s standing out as the next obvious magnet.

Ethereum Price Prediction: ETH Takes The Passenger Seat And Drops HarderEthereum’s next move still depends heavily on Bitcoin holding up and overall risk appetite improving, while ETF and tokenization narratives remain more medium-term drivers than immediate catalysts.

Ethereum price has dropped 6% in the last 24 hours and is currently testing the lower edge of a descending wedge around the $2,750 to $2,850 support zone. That area has been defended multiple times already, making it a key level if ETH wants to stay in consolidation instead of rolling into another sharp leg lower.

Source: ETHUSD / TradingViewThe upper trendline is still capping every bounce around the $3,300 to $3,400 area, where repeated rejections show there is still plenty of supply overhead.

Short term, that keeps the bias bearish. RSI is sitting near 37, which tells us that downside momentum is fading, but there is no clear bullish divergence yet.

A clean break above the wedge resistance would be the first real signal that structure is shifting, opening the door toward $3,400 initially.

The bigger $4,000 to $4,200 supply zone only comes into play if that breakout actually gets confirmed. If support fails instead, $2,500 becomes the next level to watch, with the deeper $2,100 area acting as major macro demand.

XRP Price Prediction: Losing 12 Months’ Support Could Get Things Ugly Really FastXRP has been holding above the $1.80 support for more than 12 months now. Price has bounced from this level multiple times, and it is now retesting it again, with many analysts expecting it to finally give way.

XRP is still stuck in a persistent descending channel, with price now pressing right up against the lower boundary around the $1.80 support zone.

Source: XRPUSD / TradingViewStructurally, this is still a bearish setup. XRP keeps printing lower highs, and every bounce so far has been shut down around the $2.20 to $2.30 area, which lines up with channel resistance and heavy supply.

If we get a daily close below $1.80, that is a clean break of support and likely sends the price down toward the $1.60 zone, where the next real demand sits.

On the other hand, as long as $1.80 holds, a short-term relief bounce is still possible. That said, for things to actually look better, XRP needs to get back above $2.20. Without that, any bounce is just a bounce, not a trend change.

Can Bitcoin Hyper Actually Save You From This Bear Market?As Bitcoin slips toward the low $80,000s and altcoins like Ethereum and XRP lose key support levels, the same structural issue keeps showing up.

Bitcoin still dominates the market, but it remains slow, expensive to use, and hard to build on when volatility hits.

Bitcoin Hyper is built around that weakness. It is a Bitcoin-focused Layer 2 aiming to bring Solana-level speed and low-cost transactions to the Bitcoin ecosystem. And it keeps Bitcoin’s security intact. Instead of replacing Bitcoin or competing with altcoins. Bitcoin Hyper is designed to extend Bitcoin’s functionality with smart contracts, dApps, and fast payments. All anchored to BTC.

Interest in the project has been growing despite broader market weakness. The Bitcoin Hyper presale has raised over $31,000,000 so far, with $HYPER priced at $0.013635 before the next increase. Staking rewards of up to 38% are also being offered. It gives early participants exposure to the yield that Bitcoin itself still does not provide.

Bitcoin Hyper has completed audits by Consult. It is building out a wider ecosystem that includes wallets, bridges, staking, explorers, and on-chain tooling. The underlying bet is simple. If Bitcoin continues to struggle during periods of stress, infrastructure that improves usability and speed could become increasingly relevant.

In a market where Bitcoin is breaking down, and altcoins remain reactive, Bitcoin Hyper is positioning itself around fixing Bitcoin’s limitations rather than chasing short-term price moves.

Visit the Official Bitcoin Hyper Website Here

Ripple XRP News XRP Price Prediction

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Alejandro Arrieche

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Alejandro is a seasoned financial analyst and adept business expert with over seven years of experience in dissecting complex business topics and vital market trends. His insightful writing, which has...

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Last updated: 

26 minutes ago

XRP could be gearing up for a breakout year, with fresh XRP price predictions by Wall Street hinting at a major move by the end of 2026.

Since the year started, XRP has booked a 1.7% gain, currently trading at $1.87 per token.

However, a new report by 21Shares puts XRP’s potential year-end target as high as $2.69, putting the token within striking distance of a new all-time high if momentum accelerates.

ETF inflows have already surged past $1.4 billion, showing that Wall Street’s appetite for XRP is far bigger than expected.

And while short-term volatility has capped recent rallies, analysts believe a mix of clearer regulation and rising institutional demand could finally unlock the kind of explosive growth XRP fans have long been waiting for.

If momentum keeps building, that $2.69 target might just be the beginning, especially as regulatory clarity improves and Wall Street bets bigger on XRP’s long-term role in cross-border payments.

XRP Price Prediction: Clearing the 200D EMA Could Push XRP Back to $3The daily chart shows that XRP has struggled to clear the 200-day exponential moving average (EMA) multiple times in the past few months.

Source: TradingViewThis is the key resistance to watch if the price bounces off the $1.80 support once again.

This line sits near 21Shares’ baseline target, at $2.25.

Meanwhile, if XRP climbs above this mark, we could expect a move to $3.10, meaning a 66% upside potential. In contrast, a drop below $1.80 could result in a move to $1.40 shortly.

As Wall Street firms see XRP rising for what remains of the year, top crypto presales like Bitcoin Hyper ($HYPER) should continue to attract the attention of investors.

This project has raised $31 million already to launch the first real Bitcoin L2, bringing Solana’s high speeds and low transaction costs to the top crypto’s blockchain.

Bitcoin Hyper ($HYPER) Presale Unlocks New Use Cases for BTC Using SolanaBTC is famous for its security, but its slow speeds and high fees have prevented its ecosystem from growing any further.

Bitcoin Hyper ($HYPER) is a new presale that is bringing Solana’s near-instant transaction settlements and low fees to the Bitcoin ecosystem for the first time.

This isn’t just about moving money faster; it’s about making Bitcoin “programmable”, so it can finally support smart contracts, decentralized apps, payment platforms, and a vibrant DeFi ecosystem.

The project has already gained massive momentum, raising over $31 million in a short period as investors rush to back this vision.

As more developers use $HYPER to power their apps, the demand for this token is expected to rise.

To buy $HYPER at its presale price, just head to the official Bitcoin Hyper website and connect any compatible wallet like Best Wallet.

You can swap USDC, USDT, or ETH in your wallet, or use a bank card to complete the transaction in seconds.

Visit the Official Bitcoin Hyper Website Here

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Posted: January 30, 2026

After dealing with the threat of MSCI index exclusion, the pioneer in Bitcoin corporate treasury, Strategy (formerly MicroStrategy), is facing another FUD. 

Some community members claimed the firm has been buying derivatives or “rehypothecated” coins, also known as paper BTC. 

However, Michael Saylor, founder and chairman of Strategy, dismissed these claims and clarified, 

“We buy real Bitcoin. We audit our custodians. We don’t rehypothecate. You shouldn’t either.”

Strategy faces scrutiny over BTC holdings Currently, Strategy holds 712K BTC, with most of the stash accumulated in the past two years. In 2024, the firm invested about $20 billion in Bitcoin [BTC] and added another $23 billion in the crypto asset in 2025.

So far, in 2026, it has poured close to $4 billion into the crypto asset and acquired over 40K BTC. 

Source: CryptoQuant

Interestingly, the 2026 bid rivaled even the 11,700 BTC mined this year. To some analysts, such as Jesse Myers, this meant the asset would eventually rally amid the supply crunch. 

But the price charts have been muted despite the Strategy’s aggressive multi-billion-dollar BTC bids. 

This got Jameson Lopp, a security researcher and Founder of the BTC custody platform CasaHODL, wondering whether he’s actually buying the real BTC. He posed, 

“Your thesis is sensible (BTC rallying as Strategy buys more)… under the assumption that he’s buying real bitcoin.”

He questioned whether the firm can verify that its holdings aren’t being used by its custodians for other purposes. 

“Does Strategy actually verify that their Bitcoin only belongs to them and isn’t rehypothecated? I’m skeptical.”

Strategy’s +110K BTC untraceable Strategy currently uses three custodians to store its BTC: Coinbase, Anchorage, and Anchorage Digital. About 420K BTC of Strategy stash is held at Coinbase and Anchorage, and is traceable because they use segregated addresses, according to an on-chain analyst. 

In fact, the stash held by these two custodians is also tracked by Arkham, which estimates it at 415K BTC.

Over 183K BTC was reportedly sent to Fidelity Custody, but since it doesn’t separate wallets like Coinbase and Anchorage, it becomes challenging to track these holdings. 

Source: Arkham

That leaves over 110K BTC unaccounted for across these three custodians, noted analyst Sani. In fact, this is the main contention and what critics use to question whether Strategy really holds the entire +700K BTC it claims to own. 

At press time, Saylor didn’t respond to social media calls to share ‘proofs’ of the holdings of the untraceable BTC.

Meanwhile, Strategy’s MSTR stock price slid about 2% to $157.45 at press time. This followed BTC’s 1.5% decline after the FOMC meeting.  

Final Thoughts  Saylor denied claims that his firm has been buying ‘paper BTC’ or rehypothecating its holdings for other purposes.  Over 110K BTC owned by Strategy aren’t traceable, while over 185K BTC held at Fidelity Custody can’t be verified. 

The United States is preparing for an artificial intelligence (AI) infrastructure buildout that rivals the scale of World War II mobilization. Alger, a pioneer in growth-equity investing, predicts AI-related spending could reach 5.6% of U.S. gross domestic product (GDP) by the end of the decade.

The AI investment cycle could reshape electricity demand, manufacturing capacity, and productivity gains across the economy, according to a recent market commentary from Alger. The projections come as investors increasingly look for ways to capitalize on the AI boom reshaping American industry.

To better understand the scale of this investment wave, during World War II, the U.S. war effort cost $330 billion, which translates to about $6 trillion in today’s dollars. This is close to what the U.S. is expected to invest in AI infrastructure from 2025 through 2030, according to the commentary.

What’s driving these massive investments is the sheer computing power AI requires, according to Alger. A simple AI query requires roughly 10 times more compute than a traditional Google search. A query requiring reasoning may use more than 100 times the compute of a typical search, while an AI agent booking a family trip could use 1,000 times the compute of a Google search.

Power Grid Under Pressure That computing demand translates directly into electricity needs. U.S. electricity demand plateaued from 2005 through 2020 as the economy shifted toward services and outsourced heavy industry.

Looking ahead, U.S. power demand is now projected to grow through 2050, driven by data centers running intense AI workloads, widespread electrification, and domestic industrial manufacturing, according to U.S. Energy Information Administration projections cited in the report.

The investment surge is being reinforced by favorable economic conditions, according to Alger. The Federal Reserve has cut rates by approximately 175 basis points since September 2024, lowering borrowing costs as corporate balance sheets remain strong.

Alger believes the Alger AI Enablers & Adopters ETF (ALAI) is positioned to capture this trend through holdings in companies at the center of the AI buildout. The fund, which launched in April 2024, has returned 43.4% since its inception, as of 12/31/25 according to ETF Database.

ALAI holds NVIDIA Corp. (NVDA) at 11.4% of its assets, Microsoft Corp. (MSFT) at 9.7%, and Meta Platforms Inc. (META) at 5.7% as of 12/31/25, according to ETF Database. Additionally, the fund charges a 0.55% expense ratio.

For more news, information, and analysis, visit the Artificial Intelligence Content Hub. 

Disclosure Information Click here for standard performance and more information on the Alger AI Enablers & Adopters ETF.

The following positions represented the noted percentages of ALAI assets as of December 31, 2025: Alphabet Inc.: 9.21%.

Performance data quoted represents past performance and is no guarantee of future results. DUE TO MARKET VOLATILITY, CURRENT PERFORMANCE MAY BE DIFFERENT THAN THE FIGURES SHOWN. Investment return and principal value will fluctuate so that an investor’s shares, when sold in the secondary market, may be worth more or less than original cost. Returns less than one year are not annualized. Performance does not reflect the deduction of commissions, which a broker may charge to execute a transaction in Fund shares, and an investor may incur the cost of the spread between the price at which a dealer will buy shares and the price at which a dealer will sell shares. Market performance is determined using the official closing price on the New York Stock Exchange. Market performance does not represent the returns you would receive if you traded shares at other times. To obtain performance data current to the most recent month end, please visit www.alger.com. Index performance does not represent the fund’s performance. Investors may not invest directly in an index.

Performance shown is net of fees and expenses.

The views expressed are the views of Fred Alger Management, LLC (“FAM”) and its affiliates as of January 2026. These views are subject to change at any time and may not represent the views of all portfolio management teams. These views should not be interpreted as a guarantee of the future performance of the markets, any security or any funds managed by FAM. These views are not meant to provide investment advice and should not be considered a recommendation to purchase or sell securities. Holdings and sector allocations are subject to change. Past performance is not indicative of future performance.

Risk Disclosures: Investing in the stock market involves risks, including the potential loss of principal. Growth stocks may be more volatile than other stocks as their prices tend to be higher in relation to their companies’ earnings and may be more sensitive to market, political, and economic developments. Companies involved in, or exposed to, AI-related businesses may have limited product lines, markets, financial resources or personnel as they face intense competition and potentially rapid product obsolescence, and many depend significantly on retaining and growing their consumer base. These companies may be substantially exposed to the market and business risks of other industries or sectors, and may be adversely affected by negative developments impacting those companies, industries or sectors, as well as by loss or impairment of intellectual property rights or misappropriation of their technology. Companies that utilize AI could face reputational harm, competitive harm, and legal liability, and/or an adverse effect on business operations as content, analyses, or recommendations that AI applications produce may be deficient, inaccurate, biased, misleading or incomplete, may lead to errors, and may be used in negligent or criminal ways. AI technology could face increasing regulatory scrutiny in the future, which may limit the development of this technology and impede the future growth.  AI companies, especially smaller companies, tend to be more volatile than companies that do not rely heavily on technology. A significant portion of assets will be concentrated in securities in related industries, and may be similarly affected by adverse developments and price movements in such industries. A significant portion of assets may be invested in securities of companies in related sectors, and may be similarly affected by economic, political, or market events and conditions and may be more vulnerable to unfavorable sector developments.  Investing in companies of small and medium capitalizations involves the risk that such issuers may have limited product lines or financial resources, lack management depth, or have limited liquidity. The Fund is classified as a “non-diversified fund” under federal securities laws because it can invest in fewer individual companies than a diversified fund. Private placements are offerings of a company’s securities not registered with the SEC and not offered to the public, for which limited information may be available. Such investments are generally considered to be illiquid. Foreign securities involve special risks including currency fluctuations, inefficient trading, political and economic instability, and increased volatility. ADRs and GDRs may be subject to international trade, currency, political, regulatory and diplomatic risks. Active trading may increase transaction costs, brokerage commissions, and taxes, which can lower the return on investment. At times, cash may be a larger position in the portfolio and may underperform relative to equity securities.

ETF shares are based on market price rather than net asset value (“NAV”), as a result, shares may trade at a price greater than NAV (a premium) or less than NAV (a discount). The Fund may also incur brokerage commissions, as well as the cost of the bid/ask spread, when purchasing or selling ETF shares. The Fund faces numerous market trading risks, including the potential lack of an active market for Fund shares, losses from trading in secondary markets, periods of high volatility and disruption in the creation and/or redemption process of the Fund. Any of these factors, among others, may lead to the Fund’s shares trading at a premium or discount to NAV. Thus, you may pay more (or less) than NAV when you buy shares of the Fund in the secondary market, and you may receive less (or more) than NAV when you sell those shares in the secondary market. The Manager cannot predict whether shares will trade above (premium), below (discount) or at NAV. The Fund may effect its creations and redemptions for cash, rather than for in-kind securities. Therefore, it may be required to sell portfolio securities and subsequently recognize gains on such sales that the Fund might not have recognized if it were to distribute portfolio securities in-kind. As such, investments in Fund shares may be less tax-efficient than an investment in an ETF that distributes portfolio securities entirely in-kind. Brokerage fees and taxes will be higher than if the Fund sold and redeemed shares in-kind. Certain shareholders, including other funds advised by the Manager or an affiliate of the Manager, may from time to time own a substantial amount of the shares of the Fund. Redemptions by large shareholders could have a significant negative impact on the Fund.

Alger pays compensation to VettaFi to sell various strategies to prospective investors.

Before investing, carefully consider a Fund’s investment objective, risks, charges, and expenses. For a prospectus and summary prospectus containing this and other information or for a Fund’s most recent month-end performance data, visit  www.alger.com, call (800) 992-3863 (for a mutual fund) or (800) 223-3810 (for an ETF), or consult your financial advisor. Read the prospectus and summary prospectus carefully before investing. Distributor: Fred Alger & Company, LLC. All underlying series of The Alger ETF Trust listed on NYSE Arca, Inc. NOT FDIC INSURED. NOT BANK GUARANTEED. MAY LOSE VALUE.

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As the market transitions into a new phase of the economic cycle, VettaFi’s Winter Symposium offered a vital framework for tactical portfolio adjustments. 

Top strategists joined VettaFi on January 29 to provide data-backed forecasts on the trajectory of global interest rates, persistent inflationary pressures, and the resilience of corporate earnings. Advisors came away from the event with the tools needed to mitigate risks stemming from sudden regime shifts while capturing alpha in a fragmented market.

2025 ETF Flow Trends: Key Takeaways for the New Year Ahead Fidelity Investments Head of ETF Strategy  Craig Ebeling joined VettaFi’s Head of Research Todd Rosenbluth and Director of Research Cinthia Murphy to discuss the firm’s fascinating survey data. Ebeling broke down fund flow data by fund fee, and compared flows in equities and fixed income segments.

Why Make Free Cash Flow the Core of a Portfolio? From price-to-earnings ratios to dividend yields, there are various metrics investors can use to identify value in today’s market. One powerful metric worth noting, however, is free cash flow (FCF). VictoryShares and Solutions portfolio manager Michael Mack joined TMX VettaFi in this winter symposium to discuss FCF strategies in 2026. He covered how they can work in different market environments as well as complement various investor portfolios.

Fixed Income in Focus at the Symposium Samarth Sanghavi, head of fixed income products at TMX VettaFi, discussed how the 2026 fixed income market is faring alongside moderator Kirsten Chang, senior industry analyst at TMX VettaFi. Noting that he believes now is the time for folks to move out of cash, Sanghavi highlighted investment-grade credit, intermediate-duration treasuries, and liquid mortgage-backed securities as potential alternatives. Sanghavi also explained how he and his team create differentiated fixed income indexes that stand out.

Nuclear Powers on in 2026 Stacey Morris, head of energy research at VettaFi, and Lauren Hein, client solutions at Exchange Traded Concepts, discussed the recent outperformance of nuclear energy driven by Big Tech demand and bipartisan government support. The panel highlighted the transition of nuclear energy into a high-growth sector, specifically focusing on the potential of small modular reactors (SMRs) and the strategic use of the Range Nuclear Renaissance ETF (NUKZ) to capture the entire global nuclear supply chain.

Hidden in Plain Sight: The AI & Robotics Ecosystem The AI and robotics investment opportunity extends far beyond the mega-cap tech names dominating headlines. That key theme was explored in a discussion led by Roxanna Islam, head of sector and industry Research at VettaFi. The panel featured Rafael Silva, research analyst at VettaFi, and Lauren Hein from Exchange Traded Concepts.

Silva pointed to healthcare robotics as a strong example of this “hidden ecosystem.” He noted that medical robot installations increased by 91% in 2024 and that AI-enhanced imaging has led to “better outcomes” for patients. Meanwhile, Hein emphasized that the real opportunity lies in owning the “entire robotics and automation global supply chain.” She advised investors to look beyond traditional tech staples to capture the full “AI as a disruptor story.”

For more exclusive insights for advisors, watch the replay of, “Winter Symposium: New Year. New Strategy” from Thursday, January 29, 2026. Follow the link here to catch the replay.

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Shareholders should contact the firm immediately as there may be limited time to enforce your rights. 

, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of United Natural Foods, Inc. (NYSE: UNFI) breached their fiduciary duties to shareholders.

If you currently own United Natural stock and are a long-term shareholder, you may be able to seek corporate governance reforms, the return of funds back to the company, a court-approved financial incentive award, or other relief and benefits. Please click here to learn more about your legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected]. Our firm would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

Why Your Participation Matters:

Shareholder involvement can help improve a company's policies, practices, and oversight mechanisms to create a more transparent, accountable, and effectively managed organization, which can enhance shareholder value.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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

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Halper Sadeh LLC
One World Trade Center
85th Floor
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Daniel Sadeh, Esq.
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[email protected]
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SOURCE Halper Sadeh LLP

Shareholders should contact the firm immediately as there may be limited time to enforce your rights. 

, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of Vestis Corporation (NYSE: VSTS) breached their fiduciary duties to shareholders.

If you currently own Vestis stock and are a long-term shareholder, you may be able to seek corporate governance reforms, the return of funds back to the company, a court-approved financial incentive award, or other relief and benefits. Please click here to learn more about your legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected]. Our firm would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

Why Your Participation Matters:

Shareholder involvement can help improve a company's policies, practices, and oversight mechanisms to create a more transparent, accountable, and effectively managed organization, which can enhance shareholder value.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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

Contact Information:
Halper Sadeh LLC
One World Trade Center
85th Floor
New York, NY 10007
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
[email protected]
[email protected]
https://www.halpersadeh.com

SOURCE Halper Sadeh LLP

Shareholders should contact the firm immediately as there may be limited time to enforce your rights. 

, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of Lifecore Biomedical, Inc. (NASDAQ: LFCR) breached their fiduciary duties to shareholders.

If you currently own Lifecore stock and are a long-term shareholder, you may be able to seek corporate governance reforms, the return of funds back to the company, a court-approved financial incentive award, or other relief and benefits. Please click here to learn more about your legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected]. Our firm would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

Why Your Participation Matters:

Shareholder involvement can help improve a company's policies, practices, and oversight mechanisms to create a more transparent, accountable, and effectively managed organization, which can enhance shareholder value.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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

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Halper Sadeh LLC
One World Trade Center
85th Floor
New York, NY 10007
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
[email protected]
[email protected]
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SOURCE Halper Sadeh LLP

Shareholders should contact the firm immediately as there may be limited time to enforce your rights. 

, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of Starbucks Corporation (NASDAQ: SBUX) breached their fiduciary duties to shareholders.

If you currently own Starbucks stock and are a long-term shareholder, you may be able to seek corporate governance reforms, the return of funds back to the company, a court-approved financial incentive award, or other relief and benefits. Please click here to learn more about your legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected]. Our firm would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

Why Your Participation Matters:

Shareholder involvement can help improve a company's policies, practices, and oversight mechanisms to create a more transparent, accountable, and effectively managed organization, which can enhance shareholder value.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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

Contact Information:

Halper Sadeh LLC
One World Trade Center
85th Floor
New York, NY 10007
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
[email protected]
[email protected]
https://www.halpersadeh.com

SOURCE Halper Sadeh LLP

Key Takeaways Caterpillar shares rose to close at a record high on Thursday, as the company's fourth-quarter results topped estimates.Demand for equipment and construction machinery to build out AI data centers has boosted Caterpillar's results in recent quarters. America's construction and farming equipment giant Caterpillar has become a big beneficiary of the AI boom.

Shares of Caterpillar (CAT) climbed 3.4% to close at a record high above $665 Thursday, after the company posted quarterly results that topped estimates, thanks in part to strong demand for machinery and equipment to build out AI data centers.

The latest gains extend a blistering rally for Caterpillar's stock that's seen the shares surge 16% in January so far. They've added more than three-quarters of their value over the past 12 months, making Caterpillar the Dow Jones Industrial Average's top performer over the period.

Why This Is Significant Growing demand for equipment used to build out AI data centers has helped offset negative impacts on Caterpillar's margins from the Trump administration's tariffs. Its stock gains illustrate how the AI boom has lifted shares from a wide range of industries, and AI's far-reaching impact on the market.

Caterpillar on Thursday morning reported an adjusted $5.16 per share on a 18% year-over-year rise in revenue to $19.1 billion for the fourth quarter. Both figures topped analysts' projections compiled by Visible Alpha.

Sales in the company's construction industries segment grew 15%, while the power generation portion of Caterpillar's power and energy division that makes large engines and generators used to power data centers saw revenue surge 44%.

CEO Joe Creed said during Thursday's earnings call that Caterpillar expects investments in data centers "will further bolster overall construction spending" this year, according to a transcript from AlphaSense.

Wall Street analysts are somewhat divided on whether Caterpillar's stock has room to rise, however. Though ratings are still in flux, the nine analysts with current ratings tracked by Visible Alpha are split between five "buy" and four "hold" ratings. With Thursday's gains, the stock has climbed past their mean target around $662.

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, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of ASP Isotopes Inc. (NASDAQ: ASPI) breached their fiduciary duties to shareholders.

If you currently own ASP Isotopes stock and are a long-term shareholder, you may be able to seek corporate governance reforms, the return of funds back to the company, a court-approved financial incentive award, or other relief and benefits. Please click here to learn more about your legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected]. Our firm would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

Why Your Participation Matters:

Shareholder involvement can help improve a company's policies, practices, and oversight mechanisms to create a more transparent, accountable, and effectively managed organization, which can enhance shareholder value.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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

Contact Information:
Halper Sadeh LLC
One World Trade Center
85th Floor
New York, NY 10007
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
[email protected]
[email protected]
https://www.halpersadeh.com

SOURCE Halper Sadeh LLP

-

NEW YORK--(BUSINESS WIRE)--Goldman Sachs BDC, Inc. (“GS BDC”) (NYSE: GSBD) announced today that it will report its fourth quarter and fiscal year ended December 31, 2025 financial results after the market closes on Thursday, February 26, 2026. GS BDC will also host an earnings conference call on Friday, February 27, 2026 at 9:00 am Eastern Time to discuss its financial results.

All interested parties are invited to participate via telephone or the audio webcast, which will be hosted on the Investor Resources section of GS BDC’s website at www.goldmansachsbdc.com.

Conference Call Information:
Listen Only Callers:

Domestic: 800-330-6730
International: 646-769-9500
Conference ID: 427709

Q&A Participants:

Domestic: 800-330-6710
International: 646-769-9200
Conference ID: 9881719

All participants are asked to dial in approximately 10-15 minutes prior to the call, and reference “Goldman Sachs BDC, Inc.” when prompted.

Replay Information:

An archived replay of the call will be available on our webcast link located on the Investor Resources section of our website at www.goldmansachsbdc.com.

Please direct any questions regarding obtaining access to the conference call to Goldman Sachs BDC, Inc. Investor Relations, via e-mail, at [email protected].

ABOUT GOLDMAN SACHS BDC, INC.

Goldman Sachs BDC, Inc. is a specialty finance company that has elected to be regulated as a business development company under the Investment Company Act of 1940. GS BDC was formed by The Goldman Sachs Group, Inc. (“Goldman Sachs”) to invest primarily in middle-market companies in the United States, and is externally managed by Goldman Sachs Asset Management, L.P., an SEC-registered investment adviser and a wholly-owned subsidiary of Goldman Sachs. GS BDC seeks to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, first lien/last-out unitranche and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments. For more information, visit www.goldmansachsbdc.com. Information on the website is not incorporated by reference into this press release and identification of the website is provided merely for convenience.

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “target,” “estimate,” “intend,” “continue,” or “believe” or the negatives thereof or other variations thereon or comparable terminology. You should read statements that contain these words carefully because they discuss our plans, strategies, prospects and expectations concerning our business, operating results, financial condition and other similar matters. These statements represent GS BDC’s belief regarding future events that, by their nature, are uncertain and outside of GS BDC’s control. There are likely to be events in the future, however, that we are not able to predict accurately or control. Any forward-looking statement made by us in this press release speaks only as of the date on which we make it. Factors or events that could cause our actual results to differ, possibly materially from our expectations, include, but are not limited to, the risks, uncertainties and other factors we identify in the sections entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in filings we make with the Securities and Exchange Commission, and it is not possible for us to predict or identify all of them. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of Block, Inc. (NYSE: XYZ) breached their fiduciary duties to shareholders.

If you currently own Block stock and are a long-term shareholder, you may be able to seek corporate governance reforms, the return of funds back to the company, a court-approved financial incentive award, or other relief and benefits. Please click here to learn more about your legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected]. Our firm would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

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Shareholder involvement can help improve a company's policies, practices, and oversight mechanisms to create a more transparent, accountable, and effectively managed organization, which can enhance shareholder value.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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

Contact Information:
Halper Sadeh LLC
One World Trade Center
85th Floor
New York, NY 10007
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
[email protected]
[email protected]
https://www.halpersadeh.com

SOURCE Halper Sadeh LLP

Q4: 2026-01-29 Earnings SummaryEPS of $2.59 beats by $0.05

 |

Revenue of

$9.76B

(-3.27% Y/Y)

misses by $160.88M

Honeywell International Inc. (HON) Q4 2025 Earnings Call January 29, 2026 8:30 AM EST

Company Participants

Sean Meakim - Vice President of Investor Relations
Vimal Kapur - Chairman & CEO
Mike Stepniak - Senior VP & CFO

Conference Call Participants

Julian Mitchell - Barclays Bank PLC, Research Division
Nigel Coe - Wolfe Research, LLC
Scott Davis - Melius Research LLC
C. Stephen Tusa - JPMorgan Chase & Co, Research Division
Deane Dray - RBC Capital Markets, Research Division
Sheila Kahyaoglu - Jefferies LLC, Research Division
Amit Mehrotra - UBS Investment Bank, Research Division
Nicole DeBlase - Deutsche Bank AG, Research Division
Christopher Snyder - Morgan Stanley, Research Division
Andrew Obin - BofA Securities, Research Division

Presentation

Operator

Thank you for standing by, and welcome to the Honeywell Fourth Quarter 2025 Earnings Conference Call. [Operator Instructions] Please be advised that today's call is being recorded. I would now like to hand the call over to Sean Meakim, Vice President of Investor Relations.

Sean Meakim
Vice President of Investor Relations

Thank you. Good morning, and welcome to Honeywell's Fourth Quarter 2025 Earnings and 2026 Outlook Conference Call. On the call with me today are Chairman and Chief Executive Officer, Vimal Kapur; and Senior Vice President and Chief Financial Officer, Mike Stepniak, as well as Mark Macaluso, who will be leading Investor Relations for Honeywell going forward. This webcast and the presentation materials, including non-GAAP reconciliations, are available on our Investor Relations website.

From time to time, we post new information that may be of interest or material to our investors on this website. Our discussion today includes forward-looking statements that are based on our best view of the world and of our businesses as we see them today and are subject to risks and uncertainties, including the ones described in our recent SEC filings.

This morning, we will review our financial results

MILWAUKEE, Wis., Jan. 29, 2026 (GLOBE NEWSWIRE) -- Koss Corporation (NASDAQ: KOSS) (the “Company”), the U.S. based high-fidelity headphone company, has reported its results for the second quarter ended December 31, 2025.

Net sales for the second quarter ended December 31, 2025 were $2,861,379, down $695,707, or 19.6%, from $3,557,086 for the same quarter in the prior year. The company posted a net loss of $565,407 for the three months ended December 31, 2025 versus net income of $94,142 for the same period of the prior fiscal year. Basic and diluted net loss per common share for the second quarter of fiscal year 2026 was $0.06 compared to basic and diluted net income per common share of $0.01 for the same three-month period one year ago.

For the six months ended December 31, 2025, net sales of $6,932,157 were up $173,203, or 2.6%, over net sales of $6,758,954 for the comparable period in the prior year. The net loss of $321,678 for the first six months of fiscal year 2026 was comparable to the net loss of $325,393 for the first six months of the prior fiscal year. Basic and diluted net loss per common share was $0.03 for each of the six-month periods ended December 31, 2025 and 2024.

“While the Company experienced strong sales gains in the Education market for the first two quarters of fiscal year 2026 compared to the prior year, the growth was mostly offset by the prior year’s sales uplift in our European markets resulting from new product launches that didn’t recur in this fiscal year,” Michael J. Koss, Chairman and CEO, said today. “The Company’s direct-to-consumer (DTC) business, which now makes up approximately 25% of the Company’s total sales, experienced growth of 13% year-over year.”

Koss stated, “Gross margins fell by 260 basis points, from 38.1% in the first six months of fiscal year 2025 to 35.5% for the comparable period in fiscal year 2026. The current year margin degradation was primarily due to the sell-through of product purchased from China when tariffs were at a peak rate of 145%. A favorable customer mix, which included higher volumes of higher margin domestic distributor and DTC sales, offset some of the negative impact of the tariffs.”

About Koss Corporation

Koss Corporation markets a complete line of high-fidelity headphones, wireless Bluetooth® speakers, computer headsets, telecommunications headsets, active noise canceling headphones, and wireless headphones.

Forward-Looking Statements

This press release contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “aims,” "anticipates," "believes," "estimates," "expects," "intends," "plans," “thinks,” "may," "will," “shall,” "should," “could,” “would,” "forecasts," "predicts," "potential," "continue," or the negative of such terms and other comparable terminology. These statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties. Actual events or results may differ materially. In evaluating forward-looking statements, you should specifically consider various factors that may cause actual results to vary from those contained in the forward-looking statements, such as continued future fluctuations in economic conditions; the Company’s ability to successfully develop new products and assess potential market opportunities; the receptivity of consumers to new consumer electronics technologies; the Company’s ability to successfully and profitably market its products; the rate and consumer acceptance of new product introductions; the amount and nature of competition for the Company’s products; pricing; the number and nature of customers and their product orders; the Company’s ability to meet demand for products; production by third party vendors; foreign manufacturing, sourcing, and sales (including foreign government regulation, trade and importation concerns); uncertainties associated with political developments, international trade disputes and restrictions, natural disasters, public health concerns, and other disruptions, including their possible effects on the Company’s operations and its supply chain; trade tensions between the U.S. and China given recently enacted tariffs and their uncertainty; the impact of the ongoing conflict in Eastern Europe and the instability in the Middle East on the Company’s operations; the effects of any judicial, executive or legislative action affecting the Company or the audio/video industry; borrowing costs; changes in tax rates; the outcome of any litigation, government investigations, enforcement actions or other legal proceedings; the Company’s ability to retain and hire key personnel and other risk factors described in the Risk Factors and in Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025 and subsequently filed Quarterly Reports on Form 10-Q. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances or new information. In addition, such uncertainties and other operational matters are discussed further in the Company's quarterly and annual filings with the Securities and Exchange Commission.

 KOSS CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)             Three Months Ended Six Months Ended December 31 December 31 2025
 2024
 2025
 2024
Net sales$2,861,379  $3,557,086  $6,932,157  $6,758,954 Cost of goods sold 2,030,573   2,152,129   4,472,659   4,181,071 Gross profit 830,806   1,404,957   2,459,498   2,577,883             Selling, general and administrative expenses 1,845,384   1,546,741   3,520,116   3,356,800             Loss from operations (1,014,578)  (141,784)  (1,060,618)  (778,917)            Other income (expense):           Interest income 202,484   238,686   495,612   459,044 Other income 250,000   —   250,000   — Interest expense (553)  —   (1,152)  — Total other income, net 451,931   238,686   744,460   459,044             Income (loss) before income tax provision (562,647)  96,902   (316,158)  (319,873)            Income tax provision 2,760   2,760   5,520   5,520             Net income (loss)$(565,407) $94,142  $(321,678) $(325,393)            Income (loss) per common share:           Basic$(0.06) $0.01  $(0.03) $(0.03)Diluted$(0.06) $0.01  $(0.03) $(0.03)            Weighted-average number of shares:           Basic 9,462,416   9,355,686   9,459,427   9,332,844 Diluted 9,462,416   9,629,535   9,459,427   9,332,844                    CONTACT:Michael J. Koss Chairman & CEO (414) 964-5000 [email protected]  

HomeInvestingStocksLawrence G. McMillanLawrence G. McMillanTech earnings could be just what the market needs right nowPublished: Jan. 29, 2026 at 5:16 p.m. ET

The S&P 500 Index SPX continues to move in fits and starts around the 7,000 level. What’s missing is a robust upside breakout that will clear out the stops and make the shorts run for cover.

That could still happen: SPX on Jan. 28 crossed 7,000 for the first time. But the blue horizonal lines on the chart below show each attempt at new highs followed by yet another pullback. If the bulls can get the upper hand, the advance could reach 7,110 (the +4σ “modified Bollinger band”) or even 7,300. Meanwhile, there is support at 6,800 (last week’s lows) and important support at 6,720 (the December lows).

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced the final calculation of the dividend tax status for its 2025 common stock distributions. A portion of these common stock distributions are considered a non-taxable distribution. Respective tax attributes of the distributions paid per share are outlined below:

Realty Income Corporation Common Stock (CUSIP: 756109104)

                                             Total Common Distributions Paid in 2025                         

$ 3.2170000

                                             Ordinary Income Dividend

$ 2.1351154 (66.370%)

                                             Non-taxable Distribution (return of capital)

$ 1.0818846 (33.630%)

Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of any Realty Income common stock dividends received.

About Realty Income

Realty Income (NYSE: O), an S&P 500 company, is real estate partner to the world's leading companies®. Founded in 1969, we serve our clients as a full-service real estate capital provider. As of September 30, 2025, we have a portfolio of over 15,500 properties in all 50 U.S. states, the U.K., and seven other countries in Europe. We are known as "The Monthly Dividend Company®" and have a mission to invest in people and places to deliver dependable monthly dividends that increase over time. Since our founding, we have declared 667 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats® index for having increased our dividend for over 31 consecutive years. Additional information about the company can be found at www.realtyincome.com.

SOURCE Realty Income Corporation

Also from this source

January 29, 2026 16:06 ET  | Source: Vaxcyte, Inc.

SAN CARLOS, Calif., Jan. 29, 2026 (GLOBE NEWSWIRE) -- Vaxcyte, Inc. (Nasdaq: PCVX), a clinical-stage vaccine innovation company, today announced that it has commenced an underwritten public offering of $500,000,000 of its common stock and pre-funded warrants. All shares of common stock and pre-funded warrants to be sold in the offering will be offered by Vaxcyte. Vaxcyte intends to grant the underwriters a 30-day option to purchase up to an additional $75,000,000 of shares of its common stock offered in the public offering (including shares underlying the pre-funded warrants). The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

BofA Securities, Jefferies, Leerink Partners, Evercore ISI and Guggenheim Securities are acting as joint book-running managers for the offering.

A shelf registration statement relating to the offered securities was filed with the Securities and Exchange Commission (SEC) and was automatically effective upon filing on May 24, 2024. A preliminary prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website, located at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to this offering may be obtained, when available, from BofA Securities NC1-022-02-25, Attention: Prospectus Department, 201 North Tryon Street, Charlotte, North Carolina 28255-0001 or by email at [email protected]; Jefferies LLC, Attention: Equity Syndicate Department, 520 Madison Avenue, New York, New York 10022, by telephone at 1-877-821-7388, or by email at [email protected]; Leerink Partners LLC, Attention: Syndicate Department, 53 State Street, 40th Floor, Boston, MA 02109, by email at [email protected] or by phone at (800) 808-7525, ext. 6105; Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, New York 10055, by telephone at 1-888-474-0200 or by email at [email protected]; and Guggenheim Securities, LLC, Attention: Equity Syndicate Department, 330 Madison Avenue, 8th Floor, New York, NY 10017, by telephone at (212) 518-9544, or by email at [email protected].

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Vaxcyte

Vaxcyte is a vaccine innovation company engineering high-fidelity vaccines to protect humankind from the consequences of bacterial diseases. VAX-31, a 31-valent pneumococcal conjugate vaccine (PCV) candidate being evaluated in a Phase 3 adult clinical program and in a Phase 2 infant clinical program, is being developed for the prevention of invasive pneumococcal disease (IPD) and is the broadest-spectrum PCV candidate in the clinic today. VAX-24, a 24-valent PCV candidate, is designed to cover more serotypes than any infant PCV on-market. VAX-31 and VAX-24 are designed to improve upon standard-of-care PCVs by covering the serotypes in circulation that cause a significant portion of IPD and are associated with high case-fatality rates, antibiotic resistance and meningitis, while maintaining coverage of previously circulating strains. VAX-XL, in earlier-stage development, also leverages the Company’s carrier-sparing, site-specific conjugation technology with the aim of further expanding coverage to deliver the broadest-spectrum candidate in the Company’s PCV franchise.

Vaxcyte is re-engineering the way highly complex vaccines are made through XpressCF®, its cell-free protein synthesis platform exclusively licensed from Sutro Biopharma, Inc. Unlike conventional cell-based approaches, the Company’s system for producing difficult-to-make proteins and antigens is intended to accelerate its ability to develop high-fidelity vaccines with enhanced immunological benefits. Vaxcyte’s pipeline also includes VAX-A1, a prophylactic vaccine candidate designed to prevent Group A Strep infections, and VAX-GI, a vaccine candidate designed to prevent Shigella. 

Contacts:

Patrick Ryan, Executive Director, Corporate Affairs
Vaxcyte, Inc.
415-606-5135
[email protected]

Jeff Macdonald, Executive Director, Investor Relations
Vaxcyte, Inc.
917-371-0940
[email protected]

FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (the “Bank”), announced today financial and operational results for the fourth quarter and fiscal year ended December 31, 2025.

Key Business Updates

Revenue Momentum: Strong growth in net interest income (up 29%) and fully-taxable equivalent (“FTE”) net interest margin (now 2.30%) drove adjusted quarterly revenue up 21% year-over-year to $42.1 million1. When combined with well-managed expenses, adjusted pre-provision net revenue grew 66% year-over-year. Credit Trends: The provision for credit losses for the fourth quarter of 2025 declined significantly following the large increase to the allowance for credit losses (“ACL”) related to small business lending in the third quarter of 2025 as well as lower net charge-offs. While ongoing proactive and prudent credit-related actions continued to yield notable progress in resolving problem loans, the Company expects the provision to remain elevated in the first half of 2026 and then gradually improve in the second half of the year. Strong Loan Production: Commercial loan production was robust during the fourth quarter driven by single tenant lease financing and construction. Additionally, loan pipelines at year end were solid, setting the stage for continued net interest income growth in 2026. Fourth Quarter 2025 Financial Performance

Net income of $5.3 million and diluted earnings per share of $0.60 Quarterly results included a pre-tax loss of $0.4 million on the sale of an additional $14.3 million of single tenant lease financing loans to fulfill our commitment related to the large sale in the third quarter of 2025 Adjusted net income, excluding the impact of the additional loan sale was $5.6 million1 and adjusted diluted earnings per share was $0.641 Total revenue of $41.7 million and adjusted total revenue of $42.1 million1, which increased 21% from the prior year period Net interest income of $30.3 million and fully-taxable equivalent net interest income of $31.5 million1, increased 29% and 27% over the prior year period, respectively Net interest margin of 2.22% and FTE net interest margin of 2.30%1, each increased 55 basis points (“bps”), from the prior year period Pre-provision net revenue (“PPNR”) of $17.5 million1 and adjusted PPNR of $17.9 million1, which increased 66% from the prior year period Total loan balances of $3.7 billion, up $143.2 million, or 4%, from the third quarter of 2025 Quarterly growth driven by strong production in single tenant lease financing, construction and small business lending The yield on the loan portfolio increased 21 bps from the prior quarter to 6.39% Total deposits of $4.8 billion, compared to $4.9 billion in the third quarter of 2025 Continued growth in fintech deposits, allowing higher-cost CDs and brokered deposits to mature The cost of interest-bearing deposits declined 19 bps from the prior quarter to 3.68% Approximately $1.1 billion of fintech deposits moved off-balance sheet, providing flexibility to manage the size of the balance sheet Loans to deposits ratio of 77.4% Provision for credit losses of $12.0 million, down $22.8 million, or 66%, from the third quarter of 2025 Net charge-offs to average loans of 1.68%, improved from 1.89% in the third quarter of 2025 Net charge-offs included $3.5 million of balances previously reserved for Nonperforming loans to total loans of 1.56%; ACL to total loans of 1.49% Increase in NPLs consisted primarily of guaranteed SBA 7(a) balances and fully-collateralized unguaranteed SBA 7(a) balances NPLs / total loans of 1.20% excluding guaranteed balances ACL to NPLs of 95%; or 124% excluding guaranteed balances Tangible common equity to tangible assets of 6.38%1, and 6.94%1 ex-AOCI and adjusted for normalized cash balances; CET1 ratio of 8.93%; total capital ratio of 12.44% Repurchased 27,998 shares during the quarter at an average price of $18.64 per share Tangible book value per share of $40.871 increased 3% from the third quarter of 2025 1 This information represents a non-GAAP financial measure. For a discussion of non-GAAP financial measures, see the section below entitled "Non-GAAP Financial Measures."

"We are pleased to close 2025 with strong fourth quarter results that demonstrate the resilience of our differentiated digital banking model," said David Becker, Chairman and CEO of First Internet Bancorp. "In 2025, we produced solid core financial performance as net interest income grew 30% year-over-year and delivered meaningful strategic accomplishments including the successful $850 million single tenant lease financing loan sale to Blackstone, exceptional growth in our Banking-as-a-Service initiatives and strategic investments in technology to further improve our credit underwriting and efficiency.”

"Additionally, we took decisive and proactive measures to address credit challenges in our SBA and franchise finance portfolios through enhanced underwriting standards, and improved collection and risk management through strategic investments in AI and automation. As a result, we expect gradual credit improvement in the second half of this year. Looking ahead, our digital-first model, strong loan pipelines, and diversified revenue streams position us well for continued growth. We remain confident in our ability to deliver strong financial performance while building long-term shareholder value through disciplined execution of our strategic priorities."

Full Year 2026 Outlook

Continued loan growth in the range of 15% to 17%, driven by strong pipelines across our commercial lending verticals FTE net interest margin expansion, reaching 2.75% to 2.80% by the fourth quarter of 2026, driven by ongoing deposit repricing and optimized asset mix FTE net interest income of $155 million to $160 million Noninterest income of $33 million to $35 million, reflecting continued strong BaaS growth and modest SBA originations and gain on sale activity Operating expenses of $111 million to $112 million Provision for credit losses, including net charge-offs and reserves related to problem loans, of $50 million to $53 million: Provision for credit losses is expected to remain elevated in the first half of the year but gradually improve in the second half of the year First quarter of 2026 provision for credit losses is expected to be in the range of $17 million to $19 million and second quarter of 2026 is expected to be in the range of $14 million to $16 million Diluted earnings per share of $2.35 to $2.45 Conference Call and Webcast

The Company will host a conference call and webcast at 5:00 p.m. Eastern Time today, January 29, 2026, to discuss its quarterly financial results. The call can be accessed via telephone at (800) 549-8228; access code: 39388. A recorded replay can be accessed through February 5, 2026, by dialing (888) 660-6264; access code: 39388 #.

Additionally, interested parties can listen to a live webcast of the call on the Company's website at www.firstinternetbancorp.com. An archived version of the webcast will be available in the same location shortly after the live call has ended.

About First Internet Bancorp

First Internet Bancorp is a bank holding company with assets of $5.6 billion as of December 31, 2025. The Company’s subsidiary, First Internet Bank, opened for business in 1999 as an industry pioneer in the branchless delivery of banking services. First Internet Bank provides consumer and small business deposit, SBA financing, franchise finance, consumer loans, and specialty finance services nationally as well as commercial real estate loans, construction loans, commercial and industrial loans, and treasury management services on a regional basis. First Internet Bancorp’s common stock trades on the Nasdaq Global Select Market under the symbol “INBK” and is a component of the Russell 2000® Index. Additional information about the Company is available at www.firstinternetbancorp.com and additional information about First Internet Bank, including its products and services, is available at www.firstib.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements with respect to the financial condition, results of operations, trends in lending policies and loan programs, plans and prospective business partnerships, objectives, future performance and business of the Company. Forward-looking statements are generally identifiable by the use of words such as “anticipate,” “believe,” “continue,” “could,” “drive,” “enhance,” “estimate,” “expanding,” “expect,” “future,” “going forward,” “growth,” ”improve,” “increase,” “looking ahead,” “maintain,” “may,” “ongoing,” “opportunities,” “pending,” “plan,” “position,” “preliminary,” “remain,” “setting the stage,” “should,” “stable,” “thereafter,” “well-positioned,” “will,” or other similar expressions. Forward-looking statements are not a guarantee of future performance or results, are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the information in the forward-looking statements. Such statements are subject to certain risks and uncertainties including: our business and operations and the business and operations of our vendors and customers: general economic conditions, whether national or regional, and conditions in the lending markets in which we participate that may have an adverse effect on the demand for our loans and other products; our credit quality and related levels of nonperforming assets and loan losses, and the value and salability of the real estate that is the collateral for our loans. Other factors that may cause such differences include: failures or breaches of or interruptions in the communications and information systems on which we rely to conduct our business; failure of our plans to grow our commercial and industrial, construction, and SBA loan portfolios; competition with national, regional and community financial institutions; the loss of key members of senior management; the anticipated impacts of inflation and rising interest rates on the general economy; risks relating to the regulation of financial institutions; and other factors identified in reports we file with the U.S. Securities and Exchange Commission. All statements in this press release, including forward-looking statements, speak only as of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events.

Non-GAAP Financial Measures

This press release contains financial information determined by methods other than in accordance with U.S. generally accepted accounting principles (“GAAP”). Non-GAAP financial measures, specifically tangible common equity, tangible assets, tangible book value per common share, tangible common equity to tangible assets, average tangible common equity, return on average tangible common equity, total interest income – FTE, net interest income – FTE, net interest margin – FTE, adjusted total revenue, pre-provision net revenue (loss), adjusted pre-provision net revenue, adjusted noninterest income, adjusted noninterest expense, adjusted income (loss) before income taxes, adjusted income tax provision (benefit), adjusted net income (loss), adjusted diluted earnings (loss) per share, adjusted return on average assets, adjusted return on average shareholders’ equity, adjusted return on average tangible common equity and adjusted tangible common equity to adjusted tangible assets are used by the Company’s management to measure the strength of its capital and analyze profitability, including its ability to generate earnings on tangible capital invested by its shareholders. Although management believes these non-GAAP measures are useful to investors by providing a greater understanding of its business, they should not be considered a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the table at the end of this release under the caption “Reconciliation of Non-GAAP Financial Measures.”

First Internet Bancorp Summary Financial Information (unaudited) Dollar amounts in thousands, except per share data     Three Months Ended Twelve Months Ended   December 31, September 30, December 31, December 31, December 31, 2025

2025

2024

2025

2024

  Net income (loss) $

5,289

$

(41,593

)

$

7,330

$

(35,168

)

$

25,276

  Per share and share information Earnings (loss) per share - basic $

0.61

$

(4.76

)

$

0.84

$

(4.03

)

$

2.91

Earnings (loss) per share - diluted 0.60

(4.76

)

0.83

$

(4.03

)

2.88

Dividends declared per share 0.06

0.06

0.06

0.24

0.24

Book value per common share 41.41

40.42

44.31

41.41

44.31

Tangible book value per common share 1 40.87

39.88

43.77

40.87

43.77

Common shares outstanding 8,686,994

8,713,094

8,667,894

8,686,994

8,667,894

Average common shares outstanding: Basic 8,728,342

8,742,052

8,696,704

8,729,970

8,690,416

Diluted 8,769,456

8,742,052

8,788,793

8,729,970

8,765,725

Performance ratios Return on average assets 0.37

%

(2.71

%)

0.50

%

(0.60

%)

0.46

%

Return on average shareholders' equity 5.79

%

(42.11

%)

7.49

%

(9.15

%)

6.70

%

Return on average tangible common equity 1 5.87

%

(42.62

%)

7.58

%

(9.26

%)

6.78

%

Net interest margin 2.22

%

2.04

%

1.67

%

2.01

%

1.65

%

Net interest margin - FTE 1,2 2.30

%

2.12

%

1.75

%

2.09

%

1.74

%

Capital ratios 3 Total shareholders' equity to assets 6.46

%

6.25

%

6.69

%

6.46

%

6.69

%

Tangible common equity to tangible assets 1 6.38

%

6.17

%

6.62

%

6.38

%

6.62

%

Tier 1 leverage ratio 6.24

% 5.69

%

6.90

%

6.24

% 6.90

%

Common equity tier 1 capital ratio 8.93

% 9.24

%

9.30

%

8.93

% 9.30

%

Tier 1 capital ratio 8.93

% 9.24

%

9.30

%

8.93

% 9.30

%

Total risk-based capital ratio 12.44

% 13.11

%

12.62

%

12.44

% 12.62

%

Asset quality Nonperforming loans $

58,538

$

53,250

$

28,421

$

58,538

$

28,421

Nonperforming assets 61,355

55,237

28,905

61,355

28,905

Nonperforming loans to loans 1.56

%

1.48

%

0.68

%

1.56

%

0.68

%

Nonperforming assets to total assets 1.10

%

0.98

%

0.50

%

1.10

%

0.50

%

Allowance for credit losses - loans to: Loans 1.49

%

1.66

%

1.07

%

1.49

%

1.07

%

Nonperforming loans 95.1

%

112.5

%

157.5

%

95.1

%

157.5

%

Net charge-offs to average loans 1.68

%

1.89

%

0.91

%

1.45

%

0.32

%

Average balance sheet information Loans $

3,798,831

$

4,415,693

$

4,123,510

$

4,211,710

$

3,992,031

Total securities 943,418

898,543

841,700

919,775

770,793

Other earning assets 665,022

569,811

636,377

519,976

516,836

Total interest-earning assets 5,426,126

5,895,554

5,607,195

5,662,897

5,285,026

Total assets 5,618,089

6,081,792

5,782,116

5,848,823

5,462,730

Noninterest-bearing deposits 155,030

174,494

114,311

154,712

114,396

Interest-bearing deposits 4,723,879

5,133,010

4,726,449

4,866,930

4,318,926

Total deposits 4,878,909

5,307,504

4,840,760

5,021,642

4,433,322

Shareholders' equity 362,183

391,886

389,435

384,432

377,215

  1 Refer to "Non-GAAP Financial Measures" section above and "Reconciliation of Non-GAAP Financial Measures" below 2 On a fully-taxable equivalent ("FTE") basis assuming a 21% tax rate 3 Regulatory capital ratios are preliminary pending filing of the Company's regulatory reports First Internet Bancorp Condensed Consolidated Balance Sheets (unaudited, except for December 31, 2024) Dollar amounts in thousands     December 31, September 30, December 31, 2025

2025

2024

  Assets Cash and due from banks $

6,145

$

10,923

$

9,249

Interest-bearing deposits 450,632

776,738

457,161

Securities available-for-sale, at fair value 778,687

625,906

587,355

Securities held-to-maturity, at amortized cost, net of allowance for credit losses 250,609

261,725

249,796

Loans held-for-sale 108,608

141,580

54,695

Loans 3,746,728

3,603,506

4,170,646

Allowance for credit losses - loans (55,686

)

(59,923

)

(44,769

)

Net loans 3,691,042

3,543,583

4,125,877

Accrued interest receivable 27,909

26,674

28,180

Federal Home Loan Bank of Indianapolis stock 28,350

28,350

28,350

Cash surrender value of bank-owned life insurance 42,559

42,256

41,394

Premises and equipment, net 67,934

68,843

71,453

Goodwill 4,687

4,687

4,687

Servicing asset 22,793

22,107

16,389

Other real estate owned 2,631

1,801

272

Accrued income and other assets 89,061

84,001

63,001

Total assets $

5,571,647

$

5,639,174

$

5,737,859

  Liabilities Noninterest-bearing deposits $

146,879

$

243,539

$

136,451

Interest-bearing deposits 4,692,934

4,671,895

4,796,755

Total deposits 4,839,813

4,915,434

4,933,206

Advances from Federal Home Loan Bank 249,500

249,500

295,000

Subordinated debt 105,465

105,386

105,150

Accrued interest payable 1,744

1,236

2,495

Accrued expenses and other liabilities 15,358

15,450

17,945

Total liabilities 5,211,880

5,287,006

5,353,796

Shareholders' equity Voting common stock 186,577

186,608

186,094

Retained earnings 193,320

188,564

230,622

Accumulated other comprehensive loss (20,130

)

(23,004

)

(32,653

)

Total shareholders' equity 359,767

352,168

384,063

Total liabilities and shareholders' equity $

5,571,647

$

5,639,174

$

5,737,859

First Internet Bancorp Condensed Consolidated Statements of Income (unaudited, except for the twelve months ended December 31, 2024) Dollar amounts in thousands, except per share data Three Months Ended Twelve Months Ended   December 31, September 30, December 31, December 31, December 31, 2025

2025

2024

2025

2024

  Interest income Loans $

61,535

$

68,958

$

61,523

$

259,840

$

233,844

Securities - taxable 8,811

8,614

7,619

34,950

26,742

Securities - non-taxable 651

652

794

2,618

3,775

Other earning assets 7,057

6,164

7,835

22,749

27,526

Total interest income 78,054

84,388

77,771

320,157

291,887

Interest expense Deposits 43,836

50,134

49,111

188,390

183,150

Other borrowed funds 3,896

3,902

5,109

18,007

21,360

Total interest expense 47,732

54,036

54,220

206,397

204,510

Net interest income 30,322

30,352

23,551

113,760

87,377

Provision for credit losses 11,984

34,789

7,201

72,314

17,070

Net interest income (loss) after provision for credit losses 18,338

(4,437

)

16,350

41,446

70,307

Noninterest income (loss) Service charges and fees 454

369

248

1,366

959

Loan servicing revenue 2,713

2,055

1,825

8,730

6,188

Loan servicing asset revaluation (1,800

)

(1,332

)

(428

)

(5,466

)

(2,537

)

Gain (loss) on sale of loans 8,470

(27,103

)

8,568

(8,313

)

33,329

Other 1,538

1,364

5,723

6,395

9,406

Total noninterest income (loss) 11,375

(24,647

)

15,936

2,712

47,345

Noninterest expense Salaries and employee benefits 12,668

14,384

14,042

51,026

51,756

Marketing, advertising and promotion 644

482

696

2,475

2,589

Consulting and professional fees 1,184

979

967

4,327

3,744

Data processing 712

651

603

2,654

2,448

Loan expenses 1,813

1,850

1,381

6,714

5,947

Premises and equipment 3,705

3,572

3,004

13,673

11,902

Deposit insurance premium 1,563

1,584

1,464

6,109

5,000

Other 1,922

1,957

1,800

8,049

6,724

Total noninterest expense 24,211

25,459

23,957

95,027

90,110

Income (loss) before income taxes 5,502

(54,543

)

8,329

(50,869

)

27,542

Income tax provision (benefit) 213

(12,950

)

999

(15,701

)

2,266

Net income (loss) $

5,289

$

(41,593

)

$

7,330

$

(35,168

)

$

25,276

  Per common share data Earnings (loss) per share - basic $

0.61

$

(4.76

)

$

0.84

$

(4.03

)

$

2.91

Earnings (loss) per share - diluted $

0.60

$

(4.76

)

$

0.83

$

(4.03

)

$

2.88

Dividends declared per share $

0.06

$

0.06

$

0.06

$

0.24

$

0.24

  All periods presented have been reclassified to conform to the current period classification First Internet Bancorp Average Balances and Rates (unaudited) Dollar amounts in thousands   Three Months Ended December 31, 2025 September 30, 2025 December 31, 2024   Average Interest / Yield / Average Interest / Yield / Average Interest / Yield / Balance Dividends Cost Balance Dividends Cost Balance Dividends Cost   Assets Interest-earning assets Loans, including loans held-for-sale 1 $

3,817,686

$

61,535

6.39

%

$

4,427,200

$

68,958

6.18

%

$

4,129,118

$

61,523

5.93

%

Securities - taxable 863,071

8,811

4.05

%

819,941

8,614

4.17

%

758,560

7,619

4.00

%

Securities - non-taxable 80,347

651

3.21

%

78,602

652

3.29

%

83,140

794

3.80

%

Other earning assets 665,022

7,057

4.21

%

569,811

6,164

4.29

%

636,377

7,835

4.90

%

Total interest-earning assets 5,426,126

78,054

5.71

%

5,895,554

84,388

5.68

%

5,607,195

77,771

5.52

%

  Allowance for credit losses - loans (61,378

)

(49,495

)

(46,427

)

Noninterest-earning assets 253,341

235,733

221,348

Total assets $

5,618,089

$

6,081,792

$

5,782,116

  Liabilities Interest-bearing liabilities Interest-bearing demand deposits $

1,023,305

$

7,524

2.92

%

$

1,399,323

$

11,742

3.33

%

$

574,577

$

2,910

2.01

%

Savings accounts 18,575

40

0.85

%

20,035

42

0.83

%

21,072

45

0.85

%

Money market accounts 1,312,201

11,238

3.40

%

1,250,350

11,771

3.73

%

1,236,116

12,309

3.96

%

Fintech - brokered deposits -

-

0.00

%

-

-

0.00

%

208,545

2,111

4.03

%

Certificates and brokered deposits 2,369,798

25,034

4.19

%

2,463,302

26,579

4.28

%

2,686,139

31,736

4.70

%

Total interest-bearing deposits 4,723,879

43,836

3.68

%

5,133,010

50,134

3.87

%

4,726,449

49,111

4.13

%

Other borrowed funds 354,926

3,896

4.35

%

365,119

3,902

4.24

%

528,806

5,109

3.84

%

Total interest-bearing liabilities 5,078,805

47,732

3.73

%

5,498,129

54,036

3.90

%

5,255,255

54,220

4.10

%

  Noninterest-bearing deposits 155,030

174,494

114,311

Other noninterest-bearing liabilities 22,071

17,283

23,115

Total liabilities 5,255,906

5,689,906

5,392,681

  Shareholders' equity 362,183

391,886

389,435

Total liabilities and shareholders' equity $

5,618,089

$

6,081,792

$

5,782,116

  Net interest income $

30,322

$

30,352

$

23,551

  Interest rate spread 1.98

%

1.78

%

1.42

%

  Net interest margin 2.22

%

2.04

%

1.67

%

  Net interest margin - FTE 2,3 2.30

%

2.12

%

1.75

%

  1 Includes nonaccrual loans 2 On a fully-taxable equivalent ("FTE") basis assuming a 21% tax rate 3 Refer to "Non-GAAP Financial Measures" section above and "Reconciliation of Non-GAAP Financial Measures" below First Internet Bancorp Average Balances and Rates (unaudited) Dollar amounts in thousands     Twelve Months Ended   December 31, 2025 December 31, 2024   Average Interest / Yield / Average Interest / Yield / Balance Dividends Cost Balance Dividends Cost   Assets Interest-earning assets Loans, including loans held-for-sale 1 $

4,223,146

$

259,840

6.15

%

$

3,997,397

$

233,844

5.85

%

Securities - taxable 839,878

34,950

4.16

%

692,806

26,742

3.86

%

Securities - non-taxable 79,897

2,618

3.28

%

77,987

3,775

4.84

%

Other earning assets 519,976

22,749

4.38

%

516,836

27,526

5.33

%

Total interest-earning assets 5,662,897

320,157

5.65

%

5,285,026

291,887

5.52

%

  Allowance for credit losses - loans (51,440

)

(42,758

)

Noninterest-earning assets 237,366

220,462

Total assets $

5,848,823

$

5,462,730

  Liabilities Interest-bearing liabilities Interest-bearing demand deposits $

1,152,210

$

36,007

3.13

%

$

494,082

$

10,448

2.11

%

Savings accounts 20,229

171

0.85

%

22,336

189

0.85

%

Money market accounts 1,243,300

45,459

3.66

%

1,230,443

51,036

4.15

%

Fintech - brokered deposits -

-

0.00

%

141,860

6,023

4.25

%

Certificates and brokered deposits 2,451,191

106,753

4.36

%

2,430,205

115,454

4.75

%

Total interest-bearing deposits 4,866,930

188,390

3.87

%

4,318,926

183,150

4.24

%

Other borrowed funds 421,947

18,007

4.27

%

629,137

21,360

3.40

%

Total interest-bearing liabilities 5,288,877

206,397

3.90

%

4,948,063

204,510

4.13

%

  Noninterest-bearing deposits 154,712

114,396

Other noninterest-bearing liabilities 20,802

23,056

Total liabilities 5,464,391

5,085,515

  Shareholders' equity 384,432

377,215

Total liabilities and shareholders' equity $

5,848,823

$

5,462,730

  Net interest income $

113,760

$

87,377

  Interest rate spread 1.75

%

1.39

%

  Net interest margin 2.01

%

1.65

%

  Net interest margin - FTE 2,3 2.09

%

1.74

%

  1 Includes nonaccrual loans 2 On a fully-taxable equivalent ("FTE") basis assuming a 21% tax rate 3 Refer to "Non-GAAP Financial Measures" section above and "Reconciliation of Non-GAAP Financial Measures" below First Internet Bancorp Loans and Deposits (unaudited) Dollar amounts in thousands     December 31, 2025 September 30, 2025 December 31, 2024   Amount Percent Amount Percent Amount Percent   Commercial loans Commercial and industrial $

221,714

5.9

%

$

206,301

5.7

%

$

120,175

2.9

%

Owner-occupied commercial real estate 48,575

1.3

%

50,046

1.4

%

53,591

1.3

%

Investor commercial real estate 647,394

17.3

%

644,184

17.9

%

269,431

6.5

%

Construction 372,668

9.9

%

300,291

8.3

%

413,523

9.9

%

Single tenant lease financing 222,925

5.9

%

108,146

3.0

%

949,748

22.7

%

Public finance 442,234

11.8

%

480,119

13.3

%

485,867

11.6

%

Healthcare finance 139,469

3.7

%

150,522

4.2

%

181,427

4.4

%

Small business lending 430,024

11.5

%

401,628

11.1

%

331,914

8.0

%

Franchise finance 417,045

11.1

%

450,340

12.5

%

536,909

12.9

%

Total commercial loans 2,942,048

78.4

%

2,791,577

77.4

%

3,342,585

80.2

%

  Consumer loans Residential mortgage 343,110

9.2

%

349,275

9.7

%

375,160

9.0

%

Home equity 14,725

0.4

%

15,806

0.4

%

18,274

0.4

%

Trailers 235,876

6.3

%

232,006

6.4

%

210,575

5.0

%

Recreational vehicles 141,952

3.8

%

142,245

3.9

%

149,342

3.6

%

Other consumer loans 47,630

1.3

%

48,753

1.5

%

48,030

1.2

%

Total consumer loans 783,293

21.0

%

788,085

21.9

%

801,381

19.2

%

  Net deferred loan fees, premiums, discounts and other 1 21,387

0.6

%

23,844

0.7

%

26,680

0.6

%

  Total loans $

3,746,728

100.0

%

$

3,603,506

100.0

%

$

4,170,646

100.0

%

    December 31, 2025 September 30, 2025 December 31, 2024   Amount Percent Amount Percent Amount Percent   Deposits Noninterest-bearing deposits $

146,880

3.0

%

$

243,539

5.0

%

$

136,451

2.8

%

Interest-bearing demand deposits 1,120,850

23.2

%

1,003,950

20.4

%

896,661

18.2

%

Savings accounts 18,990

0.4

%

18,694

0.4

%

19,823

0.4

%

Money market accounts 1,272,845

26.3

%

1,250,202

25.4

%

1,183,789

24.0

%

Fintech - brokered deposits -

0.0

%

-

0.0

%

-

0.0

%

Certificates of deposits 2,004,909

41.4

%

2,115,613

43.0

%

2,133,455

43.2

%

Brokered deposits 275,339

5.7

%

283,436

5.8

%

563,027

11.4

%

  Total deposits $

4,839,813

100.0

%

$

4,915,434

100.0

%

$

4,933,206

100.0

%

  1 Includes carrying value adjustments of $19.1 million, $20.2 million and $22.9 million related to terminated interest rate swaps associated with public finance loans as of December 31, 2025, September 30, 2025 and December 31, 2024, respectively. First Internet Bancorp Reconciliation of Non-GAAP Financial Measures Dollar amounts in thousands, except per share data     Three Months Ended Twelve Months Ended   December 31, September 30, December 31, December 31, December 31, 2025

2025

2024

2025

2024

  Total equity - GAAP $

359,767

$

352,168

$

384,063

$

359,767

$

384,063

Adjustments: Goodwill (4,687

)

(4,687

)

(4,687

)

(4,687

)

(4,687

)

Tangible common equity $

355,080

$

347,481

$

379,376

$

355,080

$

379,376

  Total assets - GAAP $

5,571,647

$

5,639,174

$

5,737,859

$

5,571,647

$

5,737,859

Adjustments: Goodwill (4,687

)

(4,687

)

(4,687

)

(4,687

)

(4,687

)

Tangible assets $

5,566,960

$

5,634,487

$

5,733,172

$

5,566,960

$

5,733,172

  Common shares outstanding 8,686,994

8,713,094

8,667,894

8,686,994

8,667,894

  Book value per common share $

41.41

$

40.42

$

44.31

$

41.41

$

44.31

Effect of goodwill (0.54

)

(0.54

)

(0.54

)

(0.54

)

(0.54

)

Tangible book value per common share $

40.87

$

39.88

$

43.77

$

40.87

$

43.77

  Total shareholders' equity to assets 6.46

%

6.25

%

6.69

%

6.46

%

6.69

%

Effect of goodwill (0.08

%)

(0.08

%)

(0.07

%)

(0.08

%)

(0.07

%)

Tangible common equity to tangible assets 6.38

%

6.17

%

6.62

%

6.38

%

6.62

%

  Total average equity - GAAP $

362,183

$

391,886

$

389,435

$

384,432

$

377,215

Adjustments: Average goodwill (4,687

)

(4,687

)

(4,687

)

(4,687

)

(4,687

)

Average tangible common equity $

357,496

$

387,199

$

384,748

$

379,745

$

372,528

  Return on average shareholders' equity 5.79

%

(42.11

%)

7.49

%

(9.15

%)

6.70

%

Effect of goodwill 0.08

%

(0.51

%)

0.09

%

(0.11

%)

0.08

%

Return on average tangible common equity 5.87

%

(42.62

%)

7.58

%

(9.26

%)

6.78

%

  Total interest income $

78,054

$

84,388

$

77,771

$

320,157

$

291,887

Adjustments: Fully-taxable equivalent adjustments 1 1,161

1,158

1,152

4,645

4,650

Total interest income - FTE $

79,215

$

85,546

$

78,923

$

324,802

$

296,537

  Net interest income $

30,322

$

30,352

$

23,551

$

113,760

$

87,377

Adjustments: Fully-taxable equivalent adjustments 1 1,161

1,158

1,152

4,645

4,650

Net interest income - FTE $

31,483

$

31,510

$

24,703

$

118,405

$

92,027

  Net interest margin 2.22

%

2.04

%

1.67

%

2.01

%

1.65

%

Effect of fully-taxable equivalent adjustments 1 0.08

%

0.08

%

0.08

%

0.08

%

0.09

%

Net interest margin - FTE 2.30

%

2.12

%

1.75

%

2.09

%

1.74

%

  1 Assuming a 21% tax rate First Internet Bancorp Reconciliation of Non-GAAP Financial Measures Dollar amounts in thousands, except per share data     Three Months Ended Twelve Months Ended   December 31, September 30, December 31, December 31, December 31, 2025

2025

2024

2025

2024

  Total revenue - GAAP $

41,697

$

5,705

$

39,487

$

116,472

$

134,722

Adjustments: Loss on sale of loans 411

37,823

-

38,234

-

Gain on prepayment of FHLB advances -

-

(1,829

)

-

(1,829

)

Gain on termination of swaps -

-

(2,904

)

-

(2,904

)

Adjusted total revenue $

42,108

$

43,528

$

34,754

$

154,706

$

129,989

  Net income (loss) - GAAP $

5,289

$

(41,593

)

$

7,330

$

(35,168

)

$

25,276

Adjustments:1 Provision for credit losses 11,984

34,789

7,201

72,314

17,070

Income tax provision (benefit) 213

(12,950

)

999

(15,701

)

2,266

Pre-provision net revenue (loss) $

17,486

$

(19,754

)

$

15,530

$

21,445

$

44,612

  Pre-provision net revenue (loss) $

17,486

$

(19,754

)

$

15,530

$

21,445

$

44,612

Adjustments:1 Loss on sale of loans 411

37,823

-

38,234

-

IT termination fees -

-

-

-

357

Anniversary expenses -

-

-

-

95

Gain on prepayment of FHLB advances -

-

(1,829

)

-

(1,829

)

Gain on termination of swaps -

-

(2,904

)

-

(2,904

)

Adjusted pre-provision net revenue $

17,897

$

18,069

$

10,797

$

59,679

$

40,331

  Noninterest income (loss) - GAAP $

11,375

$

(24,647

)

$

15,936

$

2,712

$

47,345

Adjustments: Loss on sale of loans 411

37,823

-

38,234

-

Gain on prepayment of FHLB advances -

-

(1,829

)

-

(1,829

)

Gain on termination of swaps -

-

(2,904

)

-

(2,904

)

Adjusted noninterest income $

11,786

$

13,176

$

11,203

$

40,946

$

42,612

  Noninterest expense - GAAP $

24,211

$

25,459

$

23,957

$

95,027

$

90,110

Adjustments: IT termination fees -

-

-

-

(452

)

Anniversary expenses -

-

-

-

(120

)

Adjusted noninterest expense $

24,211

$

25,459

$

23,957

$

95,027

$

89,538

  Income (loss) before income taxes - GAAP $

5,502

$

(54,543

)

$

8,329

$

(50,869

)

$

27,542

Adjustments: Loss on sale of loans 411

37,823

-

38,234

-

IT termination fees -

-

-

-

452

Anniversary expenses -

-

-

-

120

Gain on prepayment of FHLB advances -

-

(1,829

)

-

(1,829

)

Gain on termination of swaps -

-

(2,904

)

-

(2,904

)

Adjusted income (loss) before income taxes $

5,913

$

(16,720

)

$

3,596

$

(12,635

)

$

23,381

  Income tax provision (benefit) - GAAP $

213

$

(12,950

)

$

999

$

(15,701

)

$

2,266

Adjustments:1 Loss on sale of loans 86

8,699

-

8,785

-

IT termination fees -

-

-

-

95

Anniversary expenses -

-

-

-

25

Gain on prepayment of FHLB advances -

-

(384

)

-

(384

)

Gain on termination of swaps -

-

(610

)

-

(610

)

Adjusted income tax provision (benefit) $

299

$

(4,251

)

$

5

$

(6,916

)

$

1,392

  Net income (loss) - GAAP $

5,289

$

(41,593

)

$

7,330

$

(35,168

)

$

25,276

Adjustments: Loss on sale of loans 325

29,124

-

29,449

-

IT termination fees -

-

-

-

357

Anniversary expenses -

-

-

-

95

Gain on prepayment of FHLB advances -

-

(1,445

)

-

(1,445

)

Gain on termination of swaps -

-

(2,294

)

-

(2,294

)

Adjusted net income (loss) $

5,614

$

(12,469

)

$

3,591

$

(5,719

)

$

21,989

  1 Assuming a 21% tax rate First Internet Bancorp Reconciliation of Non-GAAP Financial Measures Dollar amounts in thousands, except per share data     Three Months Ended Twelve Months Ended   December 31, September 30, December 31, December 31, December 31, 2025

2025

2024

2025

2024

  Diluted average common shares outstanding 8,769,456

8,742,052

8,788,793

8,729,970

8,765,725

  Diluted earnings (loss) per share - GAAP $

0.60

$

(4.76

)

$

0.83

$

(4.03

)

$

2.88

Adjustments: Effect of loss on sale of loans 0.04

3.33

-

3.37

-

Effect of IT termination fees -

-

-

-

0.04

Effect of anniversary expenses -

-

-

-

0.01

Effect of gain on prepayment of FHLB advances -

-

(0.16

)

-

(0.16

)

Effect of gain on termination of swaps -

-

(0.26

)

-

(0.26

)

Adjusted diluted earnings (loss) per share $

0.64

$

(1.43

)

$

0.41

$

(0.66

)

$

2.51

  Return on average assets 0.37

%

(2.71

%)

0.50

%

(0.60

%)

0.46

%

Effect of loss on sale of loans 0.02

%

1.90

%

0.00

%

0.50

%

0.00

%

Effect of IT termination fees 0.00

%

0.00

%

0.00

%

0.00

%

0.01

%

Effect of anniversary expenses 0.00

%

0.00

%

0.00

%

0.00

%

0.00

%

Effect of gain on prepayment of FHLB advances 0.00

%

0.00

%

(0.10

%)

0.00

%

(0.03

%)

Effect of gain on termination of swaps 0.00

%

0.00

%

(0.16

%)

0.00

%

(0.04

%)

Adjusted return on average assets 0.39

%

(0.81

%)

0.24

%

(0.10

%)

0.40

%

  Return on average shareholders' equity 5.79

%

(42.11

%)

7.49

%

(9.15

%)

6.70

%

Effect of loss on sale of loans 0.36

%

29.48

%

0.00

%

7.66

%

0.00

%

Effect of IT termination fees 0.00

%

0.00

%

0.00

%

0.00

%

0.09

%

Effect of anniversary expenses 0.00

%

0.00

%

0.00

%

0.00

%

0.03

%

Effect of gain on prepayment of FHLB advances 0.00

%

0.00

%

(1.48

%)

0.00

%

(0.38

%)

Effect of gain on termination of swaps 0.00

%

0.00

%

(2.34

%)

0.00

%

(0.61

%)

Adjusted return on average shareholders' equity 6.15

%

(12.63

%)

3.67

%

(1.49

%)

5.83

%

  Return on average tangible common equity 5.87

%

(42.62

%)

7.58

%

(9.26

%)

6.78

%

Effect of loss on sale of loans 0.36

%

29.84

%

0.00

%

7.75

%

0.00

%

Effect of IT termination fees 0.00

%

0.00

%

0.00

%

0.00

%

0.10

%

Effect of anniversary expenses 0.00

%

0.00

%

0.00

%

0.00

%

0.03

%

Effect of gain on prepayment of FHLB advances 0.00

%

0.00

%

(1.49

%)

0.00

%

(0.39

%)

Effect of gain on termination of swaps 0.00

%

0.00

%

(2.37

%)

0.00

%

(0.62

%)

Adjusted return on average tangible common equity 6.23

%

(12.78

%)

3.72

%

(1.51

%)

5.90

%