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The gold market dropped early on Thursday as the overall consolidation area continues to be a major area of importance in the market. Higher rates continue to be a massive problem, though.

Gold Technical Analysis

Gold daily chart, consolidating near 4,087 above the 4,000 level. Source: TradingView The gold market has dropped fairly significantly during the early hours on Thursday as the overall consolidation area continues to play out. The $4,000 level on the bottom has been support, with the $4,200 level on the top being resistance.

Ultimately, this is a market that is likely to continue to be very noisy and choppy, but I also recognize that there are a lot of things going on outside of the actual market itself that have a certain amount of influence. This includes, of course, the higher interest rates in the United States, which, as interest rates rise, a lot of times that can cause issues for gold.

Macro Headwinds and Technical Death Cross Weigh on Gold And the energy shock that’s being priced into the bond market has people running from anything remotely close to risk at times. The 50-day EMA broke down below the 200-day EMA a couple of weeks ago, kicking off the so-called death cross. That is a technical indicator that a lot of people will look at with suspicion, and this is typically something that longer-term traders look at as a very bearish turn of events.

Whether or not that actually plays out remains to be seen, but what does look fairly obvious at this point in time is that we have been in a range for a couple of weeks and have not been able to break out of this $200 area. This area continues to be noisy in general, and an area that short-term traders will continue to be active in, but longer-term traders will be trying to find some kind of bigger answer to bigger questions.

If you’d like to know more about how to trade gold and silver, please visit our educational area.

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

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

Posted by Defense World Staff on Jul 23rd, 2026

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

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

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

Get Our Latest Analysis on Bloom Energy

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

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

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

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

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

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

Founded in 2001 by Dr.

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

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

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

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

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

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

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

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

Dividend Declarations

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

Operating Results

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

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

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

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

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

Asset Quality

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

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

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

Selected Balance Sheet Items

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

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

Share Repurchase Program

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

Use of Non-GAAP Financial Measures

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

Second Quarter 2026 Results Conference Call

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

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

About ConnectOne Bancorp, Inc.

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

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

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

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

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

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

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

Second Quarter of 2026 Highlights:

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

Net Interest Income

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

Asset Quality

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

Noninterest Income and Expense

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

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

Financial Condition

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

Capital

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

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

New Share Repurchase Plan Authorization

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

Conference Call

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

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

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

Forward-Looking Statements

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

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

Non-GAAP Financial Measures

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

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

2026

2026

2025

Second

First

Second

(dollars in thousands, except per share data)

Quarter

Quarter

Quarter

INTEREST AND DIVIDEND INCOME

Loans, including fees

$116,960

$115,294

$117,696

Investment Securities:

Taxable

10,756

10,760

10,846

Tax-exempt

34

34

35

Dividends

309

245

329

Total Interest and Dividend Income

128,059

126,333

128,906

INTEREST EXPENSE

Deposits

35,399

35,686

39,056

Borrowings, junior subordinated debt securities and other

2,280

2,211

3,278

Total Interest Expense

37,679

37,897

42,334

NET INTEREST INCOME

90,380

88,436

86,572

Provision for credit losses

1,112

1,327

1,974

Net Interest Income After Provision for Credit Losses

89,268

87,109

84,598

NONINTEREST INCOME

Gain on sale of securities

169

—

—

Debit and credit card

4,695

4,283

4,588

Service charges on deposit accounts

4,290

4,196

4,090

Investment services and trust

3,563

3,369

3,042

Other

2,143

1,794

1,780

Total Noninterest Income

14,860

13,642

13,500

NONINTEREST EXPENSE

Salaries and employee benefits

32,680

31,356

32,907

Data processing and information technology

5,163

5,158

4,847

Occupancy

4,074

4,592

4,024

Furniture, equipment and software

3,524

3,492

3,352

Marketing

1,876

1,467

1,490

Other taxes

1,773

2,063

2,088

Professional services and legal

1,286

1,245

1,739

FDIC insurance

1,074

1,073

1,062

Other noninterest expense

7,214

6,261

6,605

Total Noninterest Expense

58,664

56,707

58,114

Income Before Taxes

45,464

44,044

39,984

Income tax expense

8,821

8,972

8,084

Net Income

$36,643

$35,072

$31,900

Per Share Data

Shares outstanding at end of period

35,264,936

36,259,649

38,345,448

Average shares outstanding - diluted

36,010,449

37,177,888

38,637,400

Diluted earnings per share

$1.02

$0.94

$0.83

Dividends declared per share

$0.37

$0.36

$0.34

Dividend yield (annualized)

3.02 %

3.44 %

3.60 %

Dividends paid to net income

36.40 %

38.09 %

41.30 %

Book value

$39.81

$39.46

$37.70

Tangible book value (non-GAAP)(1)

$29.18

$29.11

$27.90

Market value

$49.08

$41.83

$37.82

Profitability Ratios (Annualized)

Return on average assets

1.49 %

1.44 %

1.32 %

Return on average shareholders' equity

10.37 %

9.77 %

8.91 %

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

14.15 %

13.22 %

12.12 %

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

1.89 %

1.87 %

1.73 %

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

55.52 %

55.23 %

57.73 %

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

Six Months Ended June 30,

(dollars in thousands, except per share data)

2026

2025

INTEREST AND DIVIDEND INCOME

Loans, including fees

$232,254

$232,036

Investment Securities:

Taxable

21,516

20,919

Tax-exempt

68

192

Dividends

554

607

Total Interest and Dividend Income

254,392

253,754

INTEREST EXPENSE

Deposits

71,085

77,410

Borrowings, junior subordinated debt securities and other

4,491

6,449

Total Interest Expense

75,576

83,859

NET INTEREST INCOME

178,816

169,895

Provision for credit losses

2,439

(1,066)

Net Interest Income After Provision for Credit Losses

176,377

170,961

NONINTEREST INCOME

Gain (loss) on sale of securities

169

(2,295)

Debit and credit card

8,978

8,776

Service charges on deposit accounts

8,486

8,052

Investment services and trust

6,932

6,126

Other

3,937

3,270

Total Noninterest Income

28,502

23,929

NONINTEREST EXPENSE

Salaries and employee benefits

64,036

62,760

Data processing and information technology

10,321

9,777

Occupancy

8,666

8,326

Furniture, equipment and software

7,016

6,835

Other Taxes

3,836

3,582

Marketing

3,343

3,105

Professional services and legal

2,531

3,025

FDIC insurance

2,147

2,102

Other noninterest expense

13,475

13,693

Total Noninterest Expense

115,371

113,205

Income Before Taxes

89,508

81,685

Income tax expense

17,793

16,384

Net Income

$71,715

$65,301

Per Share Data

Average shares outstanding - diluted

36,591,021

38,618,741

Diluted earnings per share

$1.96

$1.69

Dividends declared per share

$0.73

$0.68

Dividends paid to net income

37.23 %

40.11 %

Profitability Ratios (annualized)

Return on average assets

1.47 %

1.36 %

Return on average shareholders' equity

10.07 %

9.28 %

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

13.68 %

12.69 %

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

1.88 %

1.73 %

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

55.38 %

57.37 %

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

2026

2026

2025

Second

First

Second

(dollars in thousands)

Quarter

Quarter

Quarter

ASSETS

Cash and due from banks

$217,819

$339,059

$203,118

Securities available for sale, at fair value

1,013,305

1,009,518

1,021,183

Loans held for sale

4,695

694

—

Commercial loans:

Commercial real estate

3,485,893

3,532,106

3,520,294

Commercial and industrial

1,590,086

1,511,082

1,512,027

Commercial construction

475,450

404,012

397,785

Total Commercial Loans

5,551,429

5,447,200

5,430,106

Consumer loans:

Residential mortgage

1,674,052

1,689,731

1,678,992

Home equity

727,702

711,235

681,143

Installment and other consumer

80,086

83,951

100,177

Consumer construction

25,117

27,265

44,016

Total Consumer Loans

2,506,957

2,512,182

2,504,328

Total Portfolio Loans

8,058,386

7,959,382

7,934,434

Allowance for credit losses

(93,320)

(93,271)

(98,580)

Total Portfolio Loans, Net

7,965,066

7,866,111

7,835,854

Federal Home Loan Bank and other restricted stock, at cost

16,796

11,724

15,817

Goodwill

373,424

373,424

373,424

Other Intangible assets, net

1,887

2,069

2,656

Other assets

351,021

341,404

358,017

Total Assets

$9,944,013

$9,944,003

$9,810,069

LIABILITIES

Deposits:

Noninterest-bearing demand

$2,256,542

$2,273,411

$2,182,346

Interest-bearing demand

769,495

784,326

738,251

Money market

2,183,937

2,264,777

2,236,298

Savings

881,967

883,213

879,254

Certificates of deposit

1,994,142

1,979,492

1,884,771

Total Deposits

8,086,083

8,185,219

7,920,920

Borrowings:

Short-term borrowings

200,000

50,000

150,000

Long-term borrowings

25,773

50,794

50,856

Junior subordinated debt securities

49,508

49,493

49,448

Total Borrowings

275,281

150,287

250,304

Other liabilities

178,834

177,816

193,352

Total Liabilities

8,540,198

8,513,322

8,364,576

SHAREHOLDERS' EQUITY

Total Shareholders' Equity

1,403,815

1,430,681

1,445,493

Total Liabilities and Shareholders' Equity

$9,944,013

$9,944,003

$9,810,069

Capitalization Ratios

Shareholders' equity / assets

14.12 %

14.39 %

14.73 %

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

10.75 %

11.03 %

11.34 %

Tier 1 leverage ratio

11.58 %

11.82 %

12.18 %

Common equity tier 1 capital

13.64 %

14.18 %

14.59 %

Risk-based capital - tier 1

13.95 %

14.49 %

14.91 %

Risk-based capital - total

15.51 %

16.06 %

16.48 %

S&T Bancorp, Inc.

Consolidated Selected Financial Data

Unaudited

2026

2026

2025

Second

First

Second

(dollars in thousands)

Quarter

Quarter

Quarter

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

ASSETS

Interest-bearing deposits with banks

$127,429

3.69 %

$153,396

3.70 %

$120,156

4.46 %

Securities, at fair value

1,007,484

3.83 %

997,037

3.78 %

1,011,629

3.79 %

Loans held for sale

2,034

6.47 %

1,002

6.57 %

—

— %

Commercial real estate

3,503,981

5.90 %

3,579,903

5.80 %

3,477,321

5.88 %

Commercial and industrial

1,555,118

6.18 %

1,513,557

6.25 %

1,519,133

6.71 %

Commercial construction

433,427

6.40 %

387,412

6.42 %

382,363

6.94 %

Total Commercial Loans

5,492,526

6.02 %

5,480,872

5.97 %

5,378,817

6.19 %

Residential mortgage

1,672,326

5.39 %

1,701,695

5.37 %

1,674,231

5.26 %

Home equity

720,484

5.91 %

707,856

5.90 %

670,066

6.37 %

Installment and other consumer

82,452

7.43 %

87,693

7.39 %

99,550

7.88 %

Consumer construction

27,370

6.61 %

30,124

6.69 %

41,025

6.82 %

Total Consumer Loans

2,502,632

5.62 %

2,527,368

5.61 %

2,484,872

5.69 %

Total Portfolio Loans

7,995,158

5.89 %

8,008,240

5.86 %

7,863,689

6.03 %

Total Loans

7,997,192

5.89 %

8,009,242

5.86 %

7,863,689

6.03 %

Total other earning assets

13,772

8.40 %

12,806

7.07 %

16,537

7.70 %

Total Interest-earning Assets

9,145,877

5.64 %

9,172,481

5.60 %

9,012,011

5.76 %

Noninterest-earning assets

694,086

692,974

712,891

Total Assets

$9,839,963

$9,865,455

$9,724,902

LIABILITIES AND SHAREHOLDERS' EQUITY

Interest-bearing demand

$777,216

0.94 %

$778,502

0.93 %

$763,687

1.01 %

Money market

2,185,936

2.57 %

2,245,922

2.60 %

2,188,771

3.04 %

Savings

879,391

0.67 %

873,304

0.65 %

880,448

0.69 %

Certificates of deposit

1,994,523

3.64 %

1,965,807

3.73 %

1,872,329

4.07 %

Total Interest-bearing Deposits

5,837,066

2.43 %

5,863,535

2.47 %

5,705,235

2.75 %

Short-term borrowings

106,209

3.86 %

74,162

3.99 %

135,659

4.63 %

Long-term borrowings

25,783

3.76 %

50,805

3.80 %

50,866

3.80 %

Junior subordinated debt securities

49,499

6.47 %

49,485

6.53 %

49,439

7.12 %

Total Borrowings

181,491

4.56 %

174,452

4.66 %

235,964

4.97 %

Total Other Interest-bearing Liabilities

23,602

3.69 %

22,862

3.69 %

32,202

4.39 %

Total Interest-bearing Liabilities

6,042,159

2.50 %

6,060,849

2.54 %

5,973,401

2.84 %

Noninterest-bearing liabilities

2,379,939

2,348,924

2,315,213

Shareholders' equity

1,417,865

1,455,682

1,436,288

Total Liabilities and Shareholders' Equity

$9,839,963

$9,865,455

$9,724,902

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

3.99 %

3.92 %

3.88 %

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

Six Months Ended June 30,

(dollars in thousands)

2026

2025

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

ASSETS

Interest-bearing deposits with banks

$140,341

3.70 %

$124,423

4.46 %

Securities, at fair value

1,002,289

3.81 %

1,001,080

3.69 %

Loans held for sale

1,521

6.49 %

—

— %

Commercial real estate

3,541,732

5.85 %

3,436,686

5.85 %

Commercial and industrial

1,534,452

6.21 %

1,527,139

6.70 %

Commercial construction

410,547

6.41 %

378,643

6.94 %

Total Commercial Loans

5,486,731

5.99 %

5,342,468

6.17 %

Residential mortgage

1,686,930

5.38 %

1,667,242

5.23 %

Home equity

714,205

5.90 %

661,636

6.34 %

Installment and other consumer

85,058

7.41 %

99,476

7.93 %

Consumer construction

28,739

6.66 %

43,080

6.84 %

Total Consumer Loans

2,514,932

5.61 %

2,471,434

5.67 %

Total Portfolio Loans

8,001,663

5.87 %

7,813,902

6.01 %

Total Loans

8,003,184

5.87 %

7,813,902

6.01 %

Total other earning assets

13,291

7.76 %

16,652

7.21 %

Total Interest-earning Assets

9,159,105

5.62 %

8,956,057

5.73 %

Noninterest-earning assets

693,534

719,996

Total Assets

$9,852,639

$9,676,053

LIABILITIES AND SHAREHOLDERS' EQUITY

Interest-bearing demand

$777,855

0.93 %

$771,455

1.01 %

Money market

2,215,763

2.59 %

2,138,836

3.01 %

Savings

876,365

0.66 %

882,531

0.68 %

Certificates of deposit

1,980,244

3.68 %

1,866,616

4.18 %

Total Interest-bearing deposits

5,850,227

2.45 %

5,659,438

2.76 %

Short-term borrowings

90,274

3.92 %

126,740

4.63 %

Long-term borrowings

38,225

3.79 %

50,876

3.80 %

Junior subordinated debt securities

49,492

6.50 %

49,431

7.15 %

Total Borrowings

177,991

4.61 %

227,047

4.99 %

Total Other Interest-bearing Liabilities

23,234

3.69 %

38,032

4.39 %

Total Interest-bearing Liabilities

6,051,452

2.52 %

5,924,517

2.85 %

Noninterest-bearing liabilities

2,364,518

2,332,795

Shareholders' equity

1,436,669

1,418,741

Total Liabilities and Shareholders' Equity

$9,852,639

$9,676,053

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

3.95 %

3.84 %

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

2026

2026

2025

Second

First

Second

(dollars in thousands)

Quarter

Quarter

Quarter

Nonaccrual Loans

Commercial loans:

% Loans

% Loans

% Loans

Commercial real estate

$9,354

0.27 %

$17,764

0.50 %

$3,967

0.11 %

Commercial and industrial

16,836

1.06 %

18,607

1.23 %

5,459

0.36 %

Commercial construction

—

— %

869

0.22 %

869

0.22 %

Total Nonaccrual Commercial Loans

26,190

0.47 %

37,240

0.68 %

10,295

0.19 %

Consumer loans:

Residential mortgage

10,027

0.60 %

8,950

0.53 %

7,239

0.43 %

Home equity

3,859

0.53 %

3,618

0.51 %

3,593

0.53 %

Installment and other consumer

140

0.18 %

141

0.17 %

185

0.18 %

Total Nonaccrual Consumer Loans

14,026

0.56 %

12,709

0.51 %

11,017

0.44 %

Total Nonaccrual Loans

$40,216

0.50 %

$49,949

0.63 %

$21,312

0.27 %

2026

2026

2025

Second

First

Second

(dollars in thousands)

Quarter

Quarter

Quarter

Loan Charge-offs (Recoveries)

Charge-offs

$1,236

$1,935

$1,656

Recoveries

(241)

(248)

(498)

Net Loan Charge-offs

$995

$1,687

$1,158

Net Loan Charge-offs (Recoveries)

Commercial loans:

Commercial real estate

$249

$492

($16)

Commercial and industrial

614

175

331

Commercial construction

69

—

89

Total Commercial Loan Charge-offs

932

667

404

Consumer loans:

Residential mortgage

223

27

13

Home equity

74

236

160

Installment and other consumer

(234)

757

581

Total Consumer Loan Charge-offs

63

1,020

754

Total Net Loan Charge-offs

$995

$1,687

$1,158

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

Six Months Ended June 30,

(dollars in thousands)

2026

2025

Loan Charge-offs (Recoveries)

Charge-offs

$3,171

$2,540

Recoveries

(489)

(1,409)

Net Loan Charge-offs

$2,682

$1,131

Net Loan Charge-offs

Commercial loans:

Commercial real estate

$741

($162)

Commercial and industrial

789

485

Commercial construction

69

119

Total Commercial Loan Charge-offs

1,599

442

Consumer loans:

Residential mortgage

250

26

Home equity

310

179

Installment and other consumer

523

484

Total Consumer Loan Charge-offs

1,083

689

Total Net Loan Charge-offs

$2,682

$1,131

2026

2026

2025

Second

First

Second

(dollars in thousands)

Quarter

Quarter

Quarter

Asset Quality Data

Nonaccrual loans

$40,216

$49,949

$21,312

OREO

—

—

—

Total nonperforming assets

40,216

49,949

21,312

Nonaccrual loans / total loans

0.50 %

0.63 %

0.27 %

Nonperforming assets / total loans plus OREO

0.50 %

0.63 %

0.27 %

Allowance for credit losses / total portfolio loans

1.16 %

1.17 %

1.24 %

Allowance for credit losses / nonaccrual loans

232 %

187 %

463 %

Net loan charge-offs

$995

$1,687

$1,158

Net loan charge-offs (annualized) / average loans

0.05 %

0.09 %

0.06 %

Six Months Ended June 30,

(dollars in thousands)

2026

2025

Asset Quality Data

Net loan charge-offs

$2,682

$1,131

Net loan charge-offs (annualized) / average loans

0.07 %

0.03 %

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

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

2026

2026

2025

Second

First

Second

(dollars in thousands, except per share data)

Quarter

Quarter

Quarter

(1) Tangible Book Value (non-GAAP)

Total shareholders' equity

$1,403,815

$1,430,681

$1,445,493

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

(374,915)

(375,059)

(375,522)

Tangible common equity (non-GAAP)

$1,028,900

$1,055,622

$1,069,971

Common shares outstanding

35,264,936

36,259,649

38,345,448

Tangible book value (non-GAAP)

$29.18

$29.11

$27.90

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

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

Net income (annualized)

$146,975

$142,236

$127,951

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

577

583

653

Net income before amortization of intangibles (annualized)

$147,552

$142,819

$128,604

Average total shareholders' equity

$1,417,865

$1,455,682

$1,436,288

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

(374,991)

(375,136)

(375,572)

Average tangible equity (non-GAAP)

$1,042,874

$1,080,546

$1,060,716

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

14.15 %

13.22 %

12.12 %

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

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

Income before taxes

$45,464

$44,044

$39,984

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

(169)

—

—

Plus: Provision for credit losses

1,112

1,327

1,974

Total

$46,407

$45,371

$41,958

Total (annualized) (non-GAAP)

$186,138

$184,005

$168,293

Average assets

$9,839,963

$9,865,455

$9,724,902

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

1.89 %

1.87 %

1.73 %

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

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

Noninterest expense

$58,664

$56,707

$58,114

Net interest income per consolidated statements of net income

$90,380

$88,436

$86,572

Plus: taxable equivalent adjustment

584

590

590

Net interest income (FTE) (non-GAAP)

90,964

89,026

87,162

Noninterest income

14,860

13,642

13,500

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

(169)

—

—

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

$105,655

$102,668

$100,662

Efficiency ratio (FTE) (non-GAAP)

55.52 %

55.23 %

57.73 %

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

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

Six Months Ended June 30,

(dollars in thousands)

2026

2025

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

Net income (annualized)

$144,619

$131,684

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

580

712

Net income before amortization of intangibles (annualized)

$145,199

$132,396

Average total shareholders' equity

$1,436,669

$1,418,741

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

(375,063)

(375,656)

Average tangible equity (non-GAAP)

$1,061,606

$1,043,085

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

13.68 %

12.69 %

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

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

Income before taxes

$89,508

$81,685

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

(169)

2,295

Plus: Provision for credit losses

2,439

(1,066)

Total (non-GAAP)

$91,778

$82,914

Total (annualized) (non-GAAP)

$185,077

$167,202

Average assets

$9,852,639

$9,676,053

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

1.88 %

1.73 %

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

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

Noninterest expense

$115,371

$113,205

Net interest income per consolidated statements of net income

$178,816

$169,895

Plus: taxable equivalent adjustment

1,174

1,208

Net interest income (FTE) (non-GAAP)

179,990

171,103

Noninterest income

28,502

23,929

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

(169)

2,295

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

$208,323

$197,327

Efficiency ratio (FTE) (non-GAAP)

55.38 %

57.37 %

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

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

Interest income and dividend income

$254,392

$253,754

Less: interest expense

(75,576)

(83,859)

Net interest income per consolidated statements of net income

178,816

169,895

Plus: taxable equivalent adjustment

1,174

1,208

Net interest income (FTE) (non-GAAP)

$179,990

$171,103

Net interest income (FTE) (annualized)

$362,963

$345,042

Average interest-earning assets

$9,159,105

$8,956,057

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

3.95 %

3.84 %

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

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

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

2026

2026

2025

Second

First

Second

(dollars in thousands)

Quarter

Quarter

Quarter

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

Total shareholders' equity

$1,403,815

$1,430,681

$1,445,493

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

(374,915)

(375,059)

(375,522)

Tangible common equity (non-GAAP)

$1,028,900

$1,055,622

$1,069,971

Total assets

$9,944,013

$9,944,003

$9,810,069

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

(374,915)

(375,059)

(375,522)

Tangible assets (non-GAAP)

$9,569,098

$9,568,944

$9,434,547

Tangible common equity to tangible assets (non-GAAP)

10.75 %

11.03 %

11.34 %

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

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

Interest income and dividend income

$128,059

$126,333

$128,906

Less: interest expense

(37,679)

(37,897)

(42,334)

Net interest income per consolidated statements of net income

90,380

88,436

86,572

Plus: taxable equivalent adjustment

584

590

590

Net interest income (FTE) (non-GAAP)

$90,964

$89,026

$87,162

Net interest income (FTE) (annualized)

$364,856

$361,050

$349,606

Average interest-earning assets

$9,145,877

$9,172,481

$9,012,011

Net interest margin (FTE) (non-GAAP)

3.99 %

3.92 %

3.88 %

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

SOURCE S&T Bancorp, Inc.

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

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

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

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

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

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

A Growing Threat: Credit Washing and Hidden Credit Risk

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

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

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

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

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

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

About TransUnion (NYSE: TRU)

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

http://www.transunion.com/business

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

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23.07.2026 15:11

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

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

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

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

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

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

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

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

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

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

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

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

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

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Posted by Defense World Staff on Jul 23rd, 2026

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

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

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

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

Check Out Our Latest Analysis on CDW

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

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

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

CDW Profile (Free Report)

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

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

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

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Climbing Yields and Geopolitical Risk Keep Pressure on Silver To the upside, the market did reach the $63 region at one point a couple of weeks back. That has been a bit of a swing high. The 50-day EMA is racing towards that area and offering a potential ceiling as well. If the market were to attack that indicator, it would be a significant shift in momentum, probably fueled by risk-taking behavior around the world, not just here in the silver market.

Right now, the uncertainty in the Middle East continues to drive inflation expectations higher, driving rates higher, which consequently will typically work against the value of silver. This has been the case for some time now, and that correlation will be something that a lot of people will be watching.

PHILADELPHIA--(BUSINESS WIRE)---- $ARMK--As investment in AI infrastructure drives unprecedented growth in hyperscale data center development, Aramark (NYSE: ARMK) today announced that Aramark Nexus™ has been selected as the premium hospitality partner for a leading AI data center colocation provider to serve workforce communities across multiple locations, including Wyoming and Texas. “Data center colocation providers develop, own, and operate the facilities that deliver the power, cooling, and infrastr.

Posted by Defense World Staff on Jul 23rd, 2026

Dimensional Fund Advisors LP raised its position in shares of Universal Health Services, Inc. (NYSE:UHS – Free Report) by 12.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,781,262 shares of the health services provider’s stock after buying an additional 192,351 shares during the period. Dimensional Fund Advisors LP owned about 2.92% of Universal Health Services worth $318,812,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Elyxium Wealth LLC acquired a new stake in Universal Health Services during the 4th quarter valued at $25,000. Harbor Capital Advisors Inc. bought a new position in Universal Health Services in the 4th quarter valued at $26,000. Founders Capital Management acquired a new position in Universal Health Services in the fourth quarter worth $28,000. CYBER HORNET ETFs LLC acquired a new position in Universal Health Services in the second quarter worth $29,000. Finally, Larson Financial Group LLC grew its holdings in shares of Universal Health Services by 302.9% during the fourth quarter. Larson Financial Group LLC now owns 141 shares of the health services provider’s stock worth $31,000 after purchasing an additional 106 shares during the last quarter. Institutional investors own 86.05% of the company’s stock.

Analyst Ratings Changes UHS has been the subject of a number of research reports. Wall Street Zen lowered Universal Health Services from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Guggenheim decreased their price objective on shares of Universal Health Services from $211.00 to $195.00 and set a “buy” rating on the stock in a report on Monday. Barclays cut shares of Universal Health Services from an “overweight” rating to an “equal weight” rating and set a $179.00 price objective for the company. in a research report on Wednesday, July 8th. Weiss Ratings downgraded shares of Universal Health Services from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Finally, Cantor Fitzgerald reduced their target price on shares of Universal Health Services from $229.00 to $194.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Five analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $213.73.

Check Out Our Latest Stock Analysis on Universal Health Services

Universal Health Services Price Performance Universal Health Services stock opened at $149.35 on Thursday. The business’s 50-day simple moving average is $151.22 and its 200 day simple moving average is $180.50. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.52. The stock has a market cap of $9.04 billion, a price-to-earnings ratio of 6.22, a P/E/G ratio of 0.80 and a beta of 1.07. Universal Health Services, Inc. has a 12-month low of $140.08 and a 12-month high of $246.32.

Universal Health Services (NYSE:UHS – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The health services provider reported $5.62 earnings per share for the quarter, topping the consensus estimate of $5.41 by $0.21. The firm had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.39 billion. Universal Health Services had a return on equity of 19.57% and a net margin of 8.56%.The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business posted $4.84 EPS. As a group, research analysts anticipate that Universal Health Services, Inc. will post 23.44 earnings per share for the current year.

Universal Health Services Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, September 1st. Universal Health Services’s dividend payout ratio is currently 3.33%.

Universal Health Services Company Profile (Free Report)

Universal Health Services, Inc (NYSE: UHS) is one of the largest diversified health care management companies in the United States, offering a broad spectrum of services through its acute care hospital and behavioral health segments. The company operates general acute care hospitals, surgical hospitals and ambulatory centers, as well as inpatient and outpatient behavioral health facilities. Its network provides emergency and specialized medicine, diagnostic imaging, laboratory services, advanced surgical care and rehabilitation, complemented by a comprehensive array of behavioral services including psychiatric treatment, addiction programs and developmental disabilities care.

In the acute care segment, UHS’s facilities deliver services ranging from emergency department treatment and intensive care to maternity care and outpatient surgery.

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

Receive News & Ratings for Universal Health Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Health Services and related companies with MarketBeat.com's FREE daily email newsletter.

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Posted by Defense World Staff on Jul 23rd, 2026

Assetmark Inc. boosted its position in Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 27.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,892 shares of the gold and copper producer’s stock after acquiring an additional 17,845 shares during the quarter. Assetmark Inc.’s holdings in Barrick Mining were worth $3,340,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Bogart Wealth LLC boosted its holdings in shares of Barrick Mining by 3.5% in the 4th quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer’s stock worth $281,000 after purchasing an additional 218 shares in the last quarter. Parvin Asset Management LLC grew its position in Barrick Mining by 0.7% during the 4th quarter. Parvin Asset Management LLC now owns 33,385 shares of the gold and copper producer’s stock worth $1,454,000 after acquiring an additional 225 shares during the last quarter. Silver Oak Securities Incorporated increased its stake in Barrick Mining by 2.9% in the 1st quarter. Silver Oak Securities Incorporated now owns 8,810 shares of the gold and copper producer’s stock worth $359,000 after purchasing an additional 246 shares during the period. Mmbg Investment Advisors CO. increased its stake in Barrick Mining by 0.6% in the 4th quarter. Mmbg Investment Advisors CO. now owns 43,454 shares of the gold and copper producer’s stock worth $1,892,000 after purchasing an additional 254 shares during the period. Finally, S.A. Mason LLC lifted its position in Barrick Mining by 1.3% in the fourth quarter. S.A. Mason LLC now owns 23,114 shares of the gold and copper producer’s stock valued at $1,007,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Up 3.1% B stock opened at $37.51 on Thursday. Barrick Mining Corporation has a twelve month low of $20.94 and a twelve month high of $54.69. The firm has a market cap of $62.40 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 0.76 and a beta of 0.48. The business has a 50 day moving average of $39.05 and a 200 day moving average of $42.84. The company has a quick ratio of 2.44, a current ratio of 3.06 and a debt-to-equity ratio of 0.13.

Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last issued its quarterly earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.18. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.75 billion. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.Barrick Mining’s revenue was up 66.7% compared to the same quarter last year. On average, research analysts forecast that Barrick Mining Corporation will post 3.61 EPS for the current fiscal year.

Barrick Mining Cuts Dividend The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.70 annualized dividend and a dividend yield of 1.9%. Barrick Mining’s dividend payout ratio (DPR) is 19.34%.

Key Barrick Mining News Here are the key news stories impacting Barrick Mining this week:

Positive Sentiment: Barrick’s investment in Kingfisher Metals boosts its exposure to a prospective exploration asset and may support future discovery upside. Barrick Announces Investment in Kingfisher Metals Positive Sentiment: The company’s new stake could strengthen technical collaboration with Kingfisher and broaden Barrick’s strategic pipeline beyond existing operations. Barrick Mining to Acquire 9.9% Stake in Kingfisher Via $14.83M Deal Neutral Sentiment: Coverage on Barrick’s mining operations kept the company in focus, but did not include a major new operational update or financial guidance change. Barrick Mining (NYSE:B) Mining Operations Gain Market Focus Neutral Sentiment: JPMorgan lowered its price target to $50 from $58 while keeping an overweight rating, which may temper enthusiasm but still implies upside from current levels. Barrick price target lowered by JPMorgan Chase & Co. Wall Street Analysts Forecast Growth A number of analysts have recently weighed in on the company. Royal Bank Of Canada dropped their price objective on Barrick Mining from $51.00 to $49.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Weiss Ratings cut Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Bank of America reduced their price target on Barrick Mining from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Canadian Imperial Bank of Commerce lowered their price target on Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 21st. Finally, ATB Cormark Capital Markets cut Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.46.

Get Our Latest Report on Barrick Mining

Barrick Mining Profile (Free Report)

Barrick Gold Corporation, commonly known as Barrick, is a Toronto‑headquartered mining company focused on the exploration, development, production and sale of gold and copper. Listed on major exchanges (including the New York Stock Exchange under the symbol B), Barrick operates as an integrated minerals producer, running large‑scale mining complexes, processing facilities and related support services for extraction and metallurgical treatment of ore.

The company’s activities span the full mining value chain: greenfield exploration, feasibility and permitting, mine construction, ongoing operations, and closure and reclamation.

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

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Posted by Defense World Staff on Jul 23rd, 2026

Andra AP fonden lowered its position in The Progressive Corporation (NYSE:PGR – Free Report) by 77.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,033 shares of the insurance provider’s stock after selling 52,367 shares during the quarter. Andra AP fonden’s holdings in Progressive were worth $2,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of PGR. Bogart Wealth LLC lifted its holdings in shares of Progressive by 235.1% in the 1st quarter. Bogart Wealth LLC now owns 124 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 87 shares during the last quarter. Bard Associates Inc. purchased a new stake in Progressive during the 4th quarter valued at about $27,000. HHM Wealth Advisors LLC grew its position in Progressive by 700.0% during the 1st quarter. HHM Wealth Advisors LLC now owns 144 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 126 shares during the last quarter. IFC & Insurance Marketing Inc. purchased a new position in Progressive in the 4th quarter worth approximately $29,000. Finally, Entrust Financial LLC purchased a new position in shares of Progressive in the fourth quarter worth $33,000. 85.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth A number of equities research analysts have issued reports on PGR shares. Wells Fargo & Company cut their price target on shares of Progressive from $205.00 to $198.00 and set an “underweight” rating on the stock in a report on Thursday, July 16th. Weiss Ratings lowered shares of Progressive from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Keefe, Bruyette & Woods reduced their price target on shares of Progressive from $231.00 to $226.00 and set a “market perform” rating on the stock in a research report on Thursday, July 16th. William Blair reissued a “market perform” rating on shares of Progressive in a research note on Wednesday, July 15th. Finally, Bank of America cut their price objective on Progressive from $313.00 to $308.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. Five analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Progressive currently has a consensus rating of “Hold” and a consensus price target of $235.05.

Check Out Our Latest Research Report on Progressive

Progressive Stock Performance PGR stock opened at $204.57 on Thursday. The stock’s 50 day simple moving average is $209.39 and its 200 day simple moving average is $205.90. The company has a current ratio of 0.32, a quick ratio of 0.27 and a debt-to-equity ratio of 0.24. The Progressive Corporation has a 12-month low of $189.20 and a 12-month high of $254.93. The stock has a market capitalization of $119.54 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 2.77 and a beta of 0.26.

Progressive Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 2nd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. Progressive’s dividend payout ratio (DPR) is 2.01%.

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

Positive Sentiment: Progressive announced a strategic collaboration with Winnebago to bundle RV insurance solutions with Winnebago’s vehicles, which could strengthen customer acquisition, expand its RV insurance business, and support cross-selling opportunities. Article Title Positive Sentiment: The company also secured a jersey sponsorship with Cleveland’s future WNBA team, giving Progressive another brand-visibility win and reinforcing its marketing reach. Article Title Neutral Sentiment: Research firm DOWLING & PARTN lowered its FY2028 EPS estimate for Progressive to $15.88, below the current consensus of $17.55, which may reinforce investor caution around future earnings growth. Article Title Neutral Sentiment: Some broader market commentary continues to note that Progressive’s EPS growth may not be fully reflected in the share price, suggesting investors still see upside potential but are waiting for more proof. Article Title Negative Sentiment: Compared with peers, Travelers’ strong earnings-driven rally may be drawing attention to underwriting execution in the property-casualty sector, which could make investors more selective on Progressive until it shows similarly strong results. Article Title Insider Buying and Selling at Progressive In other news, insider Steven Broz sold 1,157 shares of Progressive stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $204.76, for a total value of $236,907.32. Following the completion of the sale, the insider directly owned 27,511 shares in the company, valued at $5,633,152.36. The trade was a 4.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Jo Murphy sold 5,916 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $200.00, for a total transaction of $1,183,200.00. Following the transaction, the insider directly owned 41,290 shares of the company’s stock, valued at $8,258,000. The trade was a 12.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 15,230 shares of company stock worth $3,165,817. Company insiders own 0.32% of the company’s stock.

About Progressive (Free Report)

Progressive Corporation is a large U.S.-based property and casualty insurer that primarily underwrites personal auto insurance along with a broad suite of related products. Its offerings include coverage for private passenger automobiles, commercial auto fleets, motorcycles, boats and recreational vehicles, as well as homeowners, renters, umbrella and other specialty P&C products. Progressive also provides claims handling, risk management and related services to individual and commercial policyholders.

The company distributes its products through a mix of direct channels—online and by phone—and an extensive independent agent network.

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

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Bitcoin financial products startup Lombard Finance (BARD) is launching a new product called the Bitcoin Onchain Credit Strategy with global trading firm Flow Traders (Euronext: FLOW) as a pilot partner. 

The offering will enable Flow to borrow stablecoins for market-making without posting its own onchain collateral. Instead, bitcoin deposited into Lombard’s Bitcoin Earn yield product will act as the collateral coverage through an underwriting setup run on Cap’s private-credit platform, according to an announcement on Thursday.

"Liquidity providers like Flow Traders use stablecoin financing to efficiently support their digital asset trading operations," Global Head of Digital Assets at Flow Traders Michael Lie said. "Lombard’s Bitcoin Onchain Credit Strategy connects Bitcoin holders with institutional financing activity, driven by real institutional demand and less correlated to DeFi market conditions."

Bitcoin-Backed Stablecoin Borrowing Bitcoin Earn is Lombard’s bitcoin yield product designed to enable users to deposit tokens like LBTC, BTC.b, WBTC, or native BTC into a single vault, currently operated by professional managers Sentora and powered by Veda infrastructure, in exchange for BTCe receipt tokens, according to its documentation.

Bitcoin Earn operates as a so-called meta-vault, or fund-of-funds architecture, for bitcoin yield, where the Bitcoin Onchain Credit Strategy operates as just one allocation sitting inside it.

The vault has attracted over $1 billion in deposits from more than 38,500 users total, and compounds returns BTCe, and also can earn rewards paid in BARD tokens.

With the new Bitcoin Onchain Credit Strategy, Lombard depositors can now earn yield directly from the underwriting premiums Flow Traders pays, arguably offering a more stable return driven by real institutional demand over the typical DeFi setups on Aave, Morpho and others.

The announcement notes Cap’s automated marketplace for private credit “uses smart contracts rather than manual intervention to allocate access to capital,” helping to ensure “each loan is independently vouched for and guaranteed and allows for unique use cases such as Lombard’s Bitcoin Onchain Credit Strategy.”

The announcement notes Lombard has tapped Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to secure cross-chain deposits of BTC.b directly from Avalanche into an Ethereum vault.

Lombard is the provider behind Ledger’s "bitcoin yield" feature, and also provides infrastructure for Binance and Bybit. The startup acquired Avalanche’s bridged bitcoin asset and infrastructure BTC.b last October. 

Founded in 2024, Lombard previously raised $17 million in seed funding led by Polychain Capital, with participation from Franklin Templeton, Bybit, YZi Labs (previously Binance Labs), and others.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Popular meme-coin collateral platform Purinta has confirmed it will soon launch a dedicated Shiba Inu market.

Once the feature goes live, users will be able to use their Shiba Inu holdings as collateral to borrow funds without selling their tokens. Announcing the development on X, Purinta stated:

“SHIB market coming soon to Purinta. Deposit, borrow, [and] keep your exposure.”

The announcement also featured a promotional banner reading, “Borrow Against SHIB. Coming Soon to Purinta,” indicating that the feature is currently under development. 

Community Vote Secured SHIB’s Listing The decision to add SHIB came directly from the community. A few weeks ago, Purinta conducted a poll on X, asking its more than 25,900 followers to vote on the next meme coin the platform should support.

The results strongly favored Shiba Inu. Out of 396 votes cast, 67.9% supported SHIB, while 32.1% backed Floki. By declaring, “You voted. We listened,” Purinta made it clear that community demand, not an internal decision, determined the outcome.

Pick now!

— Purinta (@purintaxyz) July 7, 2026

After the SHIB market launches, users will be able to deposit their Shiba Inu tokens as collateral and borrow stablecoins such as USDC while retaining exposure to SHIB’s potential price appreciation.

This model allows holders to unlock liquidity without liquidating their positions. Instead of selling SHIB to raise capital, users can continue holding the token while borrowing against it through Purinta’s decentralized finance (DeFi) platform.

SHIB Becomes Purinta’s Fourth Meme Coin Collateral The upcoming integration expands Purinta’s meme coin-focused lending ecosystem, which is built on Morpho and powered by Api3DAO infrastructure.

Currently, the platform supports three meme coins as collateral, such as Pepe (PEPE), Cash Cat (CASHCAT), and SPX6900 (SPX). 

With the addition of SHIB, Shiba Inu will become the fourth meme coin available for collateralized borrowing on the platform.

Shiba Inu’s DeFi Utility Continues to Expand Purinta’s integration further strengthens Shiba Inu’s role in decentralized finance by allowing holders to access liquidity without selling their SHIB holdings.

The platform joins a growing number of services that accept SHIB as collateral for stablecoin-backed loans, including CoinRabbit and Binance Loans. Additionally, the Shiba Inu ecosystem team has introduced Shib Finance, a product designed to provide a broader financial suite covering lending, borrowing, and savings.

Notably, Purinta’s support expands SHIB’s utility within the DeFi sector, giving investors another option to unlock capital while maintaining exposure to the token. 

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Shiba Inu, a well-known meme cryptocurrency launched in 2020, continues to face difficulties on the price chart, with the token trading close to recent local lows after multiple failed attempts at recovery. Despite this ongoing price weakness, recent on-chain metrics indicate positive trends for the underlying network activity.

Seven out of ten on chain indicators turn bullishAccording to the latest on-chain analysis, seven of the ten primary indicators monitored for SHIB show bullish signals. This development points to a possible improvement in fundamental network conditions even as SHIB remains under pressure in the broader market.

A key factor is the reduction in exchange reserves, which typically signals lower selling pressure since fewer tokens are available on trading platforms. This trend is reinforced by the Exchange Netflow, which remains negative at approximately -64.8 billion SHIB. Negative netflow suggests that more tokens are being withdrawn from exchanges than deposited, often interpreted as accumulation by investors.

Another indicator, Active Addresses, has risen by over 1% in the last 24 hours. This modest increase in address activity suggests ongoing user engagement, with the network still attracting participants despite the price decline.

Exchange outflows have also exceeded inflows, with about 250.2 billion SHIB withdrawn compared to 185.4 billion SHIB deposited. This data implies that investors are moving more tokens into self-custody instead of preparing them for sale.

Further support comes from Exchange Inflow Mean and Exchange Outflow Mean metrics. Both metrics have increased, but the average size of outflow transactions is notably higher, implying that larger holders are moving sizable amounts of SHIB out of exchanges.

On the technical side, the Relative Strength Index (RSI) for SHIB has emerged from oversold levels and is gradually climbing. While the token remains below significant moving averages, these momentum indicators suggest that bearish sentiment is beginning to ease.

However, three of the ten main signals remain bearish to neutral. SHIB continues to trade below its 50-day, 100-day, and 200-day moving averages. Exchange reserve values in US dollars have fallen along with the token’s price, and inflows to exchanges remain high, reflecting ongoing caution among market participants.

Despite multiple attempts at price recovery being rejected and the technical outlook for Shiba Inu remaining bearish, analysts note a clear divergence between weak chart performance and improving on chain metrics.

On chain trends point to potential recoveryIf accumulation continues and exchange-held balances keep declining, some market observers believe SHIB could be preparing for a more significant rebound once broader market sentiment improves. For now, on-chain participants appear notably more optimistic than the token’s price chart might suggest.

Shiba Inu is an Ethereum-based meme coin that has built a strong online community and gained widespread attention alongside similar meme tokens. While its price has struggled recently, network activity and accumulation trends may offer hope for a future turnaround.

Mini dictionary: Relative Strength Index (RSI), A momentum indicator that measures the speed and change of price movements, commonly used by traders to identify overbought or oversold conditions in a market.

IndicatorCurrent StatusImplicationExchange reservesDecreasingLower selling pressureExchange netflow-64.8 billion SHIBAccumulation trendActive addresses+1% (last 24h)Increased user activityExchange outflow/inflowOutflow 250.2B/ Inflow 185.4BMore tokens into self-custodySHIB price vs MAsBelow all major MAsBearish technical outlookDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Shiba Inu is closing in on a return to the top 30 cryptocurrencies after investors withdrew billions of SHIB tokens from centralized exchanges.

It has been more than two weeks since Shiba Inu dropped out of the top 30 amid prolonged weakness across the broader crypto market. The downturn pushed SHIB to 33rd place on CoinMarketCap’s rankings, raising concerns that the token could slip even further below the top 35.

However, SHIB has defied those expectations. The token has steadily recovered and now ranks as the world’s 31st-largest cryptocurrency, putting it within striking distance of re-entering the top 30. 

At the time of writing, Shiba Inu trades at $0.000004230 with a market cap of approximately $2.49 billion. It trails Tether Gold (XAUt), which currently occupies the 30th position on CoinMarketCap, by only $20 million in market value. 

SHIB Ranking Exchange Outflows Reduce Immediate Selling Pressure Shiba Inu’s recent recovery coincides with significant exchange withdrawals, a trend that typically signals reduced selling pressure.

According to CryptoQuant data, investors withdrew 235.93 billion SHIB from centralized exchanges over the past 24 hours, while 161.74 billion SHIB flowed into trading platforms. As a result, the exchange netflow stood at -74.18 billion SHIB, indicating that approximately 74.18 billion tokens left exchanges during the period. 

Shiba Inu Exchange Flows This negative net flow suggests that investors are moving SHIB into private wallets rather than keeping the tokens on exchanges for immediate sale, potentially easing short-term selling pressure. Despite these withdrawals, exchanges still hold approximately 86.2 trillion SHIB.

Technical Outlook Remains Mixed Although SHIB has regained momentum and moved closer to the top 30 ranking, analysts remain divided on its short-term outlook.

Recent technical analysis suggests that Shiba Inu is mirroring its 2023 price structure. Based on that pattern, analysts believe SHIB could decline by at least 20% before staging a recovery toward the $0.0000055–$0.0000056 range.

Meanwhile, on-chain data continues to paint a cautious picture. Shibarium’s daily transaction count has fallen to just 661, reflecting weaker network activity. At the same time, the SHIB burn rate has dropped sharply, declining from a recent high of 13 million burned tokens to 2.42 million.

While strong exchange outflows have helped support Shiba Inu’s recent rebound, the token still faces notable headwinds. Weakening network activity and slowing token burns could limit the pace of any sustained recovery, even as SHIB edges closer to reclaiming a place among the top 30 cryptocurrencies by market capitalization.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Fresh on-chain data has indicated a significant degree of centralization in Shiba Inu ($SHIB), as just 707 large wallets reportedly control up to 94.49% of its circulating supply. This finding comes from Etherscan’s Whale Concentration metric, which also shows that these major holders possess SHIB valued at approximately $2.36 billion. In contrast, retail investors are estimated to account for less than 2% of the supply.

Centralization and market risksAnalysts state that if these figures reflect actual withdrawals from exchanges, order books could become highly illiquid for SHIB. Such a scenario may result in sharp price swings once large buying or selling orders hit the market, potentially amplifying volatility. Some market observers believe this could also set the stage for a notable price reversal if demand surges.

Mini dictionary: Etherscan is a leading Ethereum blockchain explorer and analytics platform, and its Whale Concentration metric tracks the proportion of a token held by large wallets.

With such a high concentration of supply in relatively few addresses, the likelihood of sudden and pronounced market movements increases. If a handful of these wallet holders decide to sell or move tokens, the impact could be significant given the limited liquidity.

Technical signals and upside potentialAccording to chart analysis shared on TradingView, SHIB’s extended downtrend may be reaching an endpoint. Technical indicators, including a series of bullish signals from the Relative Strength Index (RSI), have emerged near the local bottom—supporting the outlook for an imminent rebound.

The primary technical resistance is the 200-day exponential moving average (EMA), which is now considered the main price magnet for a potential rally. From current levels, this EMA implies an upside potential of 39%. Analysts note that the 200-day EMA aligns with a historical high-volume trading range, with Shiba Inu’s market capitalization expected to reach between $3.49 billion and $3.54 billion if this target is achieved.

Current Value39% TargetMarket Cap Milestone$2.50 billion (31st place)$3.50 billionPotential entry into top 25The limited supply of SHIB available on exchanges could accelerate movement toward these price levels if significant demand returns to the market.

Impact on global rankingsIf SHIB’s price rises by 39%, the coin’s market capitalization would reach about $3.50 billion. This move could boost Shiba Inu’s position in the global rankings, possibly allowing it to surpass six major cryptocurrencies: Tether Gold, Cronos, PayPal USD, Avalanche, Sui, and Hedera.

At present, SHIB ranks 31st by market capitalization. The projected rally may enable the token to close the gap with competitors and enter the top 25 cryptocurrencies listed by CoinMarketCap.

Should SHIB overtake Global Dollar, which currently holds a market cap of $3.24 billion, the coin would advance to 24th place worldwide in terms of value among cryptocurrencies.

With 94.49% of $SHIB held in 707 wallets, any large-scale move by these holders could rapidly shift the market. Technical indicators point to a potential comeback, with a rebound target that could elevate Shiba Inu into the top 25 cryptos if realized.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Shiba Inu continues to trade under strong bearish pressure, with its broader market structure still pointing lower despite early signs that selling momentum may be easing.

This assessment comes from market commentator Dukes Markets Analysis, who shared the outlook in a recent TradingView publication titled “SHIB: From Meme Queen to New Historic Lows.”

Bearish Trend Remains Firmly Intact for Shiba Inu According to Dukes, Shiba Inu remains below both its 50-day and 100-day Exponential Moving Averages (EMAs), two widely used indicators for identifying the prevailing market trend.

More importantly, the 50-day EMA continues to trade below the 100-day EMA, maintaining a bearish crossover that typically signals sellers remain in control of the market.

As long as SHIB stays beneath both moving averages, the broader technical structure continues to favor further downside. Consequently, any short-term price rebounds are likely to be corrective rallies rather than the beginning of a sustained bullish reversal.

Shiba Inu Must Reclaim a Key Resistance Level: Dukes Despite the prevailing bearish outlook, Dukes identified $0.00000458 as the first major resistance level bulls must reclaim.

This price previously served as a strong support zone before breaking down and subsequently turning into resistance. He suggests that a decisive breakout above $0.00000458, followed by a strong daily close, would mark the first meaningful improvement in SHIB’s market structure and suggest buyers are beginning to regain control.

Until then, however, the dominant bearish trend remains unchanged.

Shiba Inu TradingView Chart Momentum Indicators Hint at a Potential Recovery Although the overall trend remains negative, several momentum indicators suggest selling pressure may be easing.

The Relative Strength Index (RSI) has started to recover after previously falling into weaker territory. However, it still trades below the neutral 50 level, indicating bearish momentum continues to outweigh bullish strength despite the recent improvement.

Meanwhile, the Stochastic RSI (StochRSI), which measures the speed and momentum of price movements, continues to climb steadily without entering overbought territory. This suggests SHIB could have additional room for a short-term recovery before bullish momentum becomes overstretched. 

Another Major Barrier Awaits Bulls Even with improving momentum readings, Dukes noted that Shiba Inu’s trading volume remains relatively subdued, highlighting the lack of strong conviction from either buyers or sellers.

He emphasized that any breakout above the immediate resistance would require significantly stronger buying activity to confirm a sustainable recovery rather than another temporary bounce.

Even if SHIB successfully reclaims the $0.00000458 resistance level, Dukes believes another significant challenge lies around $0.00000520. This price marks the next major resistance zone, where sellers could once again step in and cap further gains. As a result, bulls would likely need to overcome both resistance levels before Shiba Inu can establish a more convincing medium-term recovery.

SHIB Still Trades Far Below Its Record High At press time, Shiba Inu remained significantly below its all-time high of $0.00008845. Trading around $0.00000424, the token has declined 95.2% from its peak.

While SHIB has gained a modest 1.04% this month, it remains down 38.58% since the start of the year. The token currently ranks as the 31st-largest cryptocurrency by market capitalization, a notable decline from late 2021, when it consistently ranked among the world’s top 10 digital assets.

Meanwhile, trading activity continues to weaken, with daily volume falling 6.08% over the past 24 hours to $42.98 million, underscoring the lack of strong market participation despite tentative signs of improving momentum. 

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.