Track market-moving stories before they get noisy

IRVING, Texas--(BUSINESS WIRE)--The Board of Directors of McKesson Corporation (NYSE:MCK) yesterday declared a regular dividend of $0.94 per share of common stock, a 15% increase from $0.82 per share in the prior quarter. The dividend will be payable on October 1, 2026, to shareholders of record on September 1, 2026. “Today's announcement marks our tenth consecutive year of dividend growth, reflecting the strength of our business, our disciplined approach to capital allocation and our commitmen.

Largest Bank in Chattanooga Selects Native Chattanoogan as Bank Marks 50 Years in Chattanooga

, /PRNewswire/ -- First Horizon Bank (NYSE: FHN) (or "First Horizon") announced that veteran banker Lebron Womack will serve as Chattanooga Market President. Womack has more than 15 years of experience with First Horizon Bank and more than 30 years in the banking industry. 

Lebron Womack, Chattanooga Market President for First Horizon Bank Throughout his tenure with First Horizon, Womack has held leadership and commercial banking roles serving businesses across Chattanooga and East Tennessee. Most recently, he served as Senior Vice President and Commercial Relationship Manager, partnering with middle-market and corporate clients on growth initiatives, acquisitions, capital investments, and strategic financing solutions. 

As First Horizon Bank marks its 50th year in the Chattanooga market, Womack will focus on strengthening client relationships, supporting associates, expanding First Horizon's presence in the community, and driving growth across the Chattanooga market. He will continue to lead with a client-first approach and build teamwork to deliver strategic solutions that lead to client success.

"Lebron is an ideal leader to serve as Chattanooga Market President," said Richard Shaffer, East Regional President for First Horizon Bank. "He knows the importance of turning understanding into action by providing tailored solutions to help clients and communities reach their full potential. He will make an outstanding president for this key market in First Horizon's footprint."

"I am honored to lead our amazing team of bankers and financial professionals in Chattanooga – they are the reason First Horizon continues to be the leading bank in this market. Our dedication to 'Here for Good' efforts are more than a principle, community involvement is in our DNA. Together, we're going to continue to make a difference in the lives of our clients and in the greater Chattanooga community that has been so good to us."

A native Chattanoogan, and proud graduate of the University of Tennessee at Chattanooga, Womack is actively involved in the community and currently serves on the board of the Tennessee River Gorge Trust. 

About First Horizon
First Horizon Corp. (NYSE: FHN), with $84.4 billion in assets as of June 30, 2026, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states concentrated in the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.

SOURCE First Horizon Bank

Wednesday, 22 July 2026 10:25 PM

Topic: 

Earnings SANTA BARBARA, CA / ACCESS Newswire / July 22, 2026 / American Riviera Bancorp ("Company") (OTCQX:ARBV), holding company of American Riviera Bank ("Bank"), announced today unaudited net income of $7.3 million ($1.26 per share) for the six months ended June 30, 2026, an increase of 46.2% compared to $5.0 million ($0.86 per share) earned in the same reporting period in the previous year.

Unaudited net income was $3.3 million ($0.57 per share) for the three months ended June 30, 2026, compared to $4.0 million ($0.69 per share) in the previous quarter, and $2.6 million ($0.46 per share) earned in the same reporting period in the previous year. Net income pre-tax, pre-provision (non-GAAP) continued to increase, reaching $5.4 million for the three months ended June 30, 2026, compared to $5.2 million in the previous quarter, and $4.0 million in the same reporting period in the previous year.

Total deposits were $1.23 billion at June 30, 2026, an increase of $95.5 million or 8.4% from June 30, 2025. Total loans were $1.15 billion at June 30, 2026, an increase of $133.4 million or 13.1% from June 30, 2025. Total loans grew $72.0 million or 6.7% in the first half of 2026. Significant loan growth of $54.2 million in the most recent quarter necessitated a $1.0 million loan loss provision to maintain an appropriate allowance to total loans of 1.19% at June 30, 2026.

Jeff DeVine, President and CEO of the Company and the Bank stated, "American Riviera Bank recently celebrated our twenty-year business anniversary. Our vibrant Central Coast economy has made it possible for the Bank to significantly grow loans and substantially improve profitability over the prior year to date. We have our loyal clients, knowledgeable bankers and community to thank for this longevity and success."

Financial Highlights

Unaudited net income and earnings per share have improved 46.2% and 46.5%, respectively, from the first six months of 2025.

Return on average assets was 1.05%, return on average equity was 11.09% and efficiency ratio was 63.35% for the first six months of 2026.

Total shareholders' equity was $134.8 million at June 30, 2026, an increase of $17.2 million or 14.6% from the same reporting period in the previous year.

Tangible book value per share was $22.56 at June 30, 2026, an increase of $3.16 or 16.3% from the same reporting period in the previous year.

The Company's tangible common equity ratio was 9.04% at June 30, 2026, compared to 8.70% at June 30, 2025. Strong earnings and improvement in the market value of the securities portfolio were partially offset by cumulative share repurchases since June 30, 2025 totaling $2.0 million and the impact of 11.0% asset growth over the previous year.

Non-interest-bearing demand deposits were $479.3 million or 39.1% of total deposits at June 30, 2026, and have increased $31.7 million or 7.1% since June 30, 2025.

Total demand deposits were $638.1 million or 52.0% of total deposits at June 30, 2026, and have increased $56.0 million or 9.6% since June 30, 2025.

As a result of the Bank's core funding and relationship-based deposits, the cost of deposits and total cost of funds were 1.24% and 1.36%, respectively, for the second quarter of 2026. Total cost of funds has improved by 14 basis points from the 1.50% reported for the same quarter in the previous year.

Net interest margin ("NIM") increased to 4.01% for the second quarter of 2026, compared to 3.97% in the prior quarter, and has improved 36 basis points from the 3.65% reported for the same quarter in the previous year. NIM has improved as a result of steady loan yield improvement and continued low cost of funds.

On-balance sheet liquidity continues to be substantial with $192.1 million of cash, due from banks, and available-for-sale ("AFS") securities at market value as of June 30, 2026.

At June 30, 2026, the Bank's commercial real estate ("CRE") portfolio was diverse, with weighted average loan-to-values of 28% to 52% and weighted average debt coverage ratios between 1.85x and 3.10x depending on the individual CRE category as of the most recent CRE stress test in January 2026.

The Bank maintained strong credit quality with no other real estate owned, no loans 90 days or more past due and still accruing, and $7.9 million or 0.69% of total loans on non-accrual status, which are well supported by collateral, borrower assets, SBA guarantees, or specific reserves.

Second Quarter 2026 Earnings

For the second quarter of 2026, unaudited net income was $3.3 million, compared to $4.0 million reported in the first quarter of 2026, and $2.6 million reported in the second quarter of 2025. The decline in unaudited net income for the second quarter of 2026 was primarily due to an additional $1.0 million provision for credit losses due to significant loan growth in the quarter.

Unaudited net income pre-tax, pre-provision (non-GAAP) has increased sequentially over the last five quarters and was $5.4 million in the second quarter of 2026, a $0.2 million or 4.1% increase from the first quarter of 2026, and a $1.4 million or 34.4% increase from the $4.0 million reported in the second quarter of 2025.

The Bank has grown interest and fees on loans sequentially over the last five quarters from $14.2 million in the second quarter of 2025 to $16.3 million in the second quarter of 2026, representing a $2.1 million or 15.4% increase.

Total interest expense has remained stable at $4.3 million in the second quarter of 2026 and the second quarter of 2025, even though deposits have grown $95.5 million or 8.4% since the second quarter of 2025. Total interest expense has increased from the prior quarter due to increased borrowings to support loan growth.

Net interest income before provision in the second quarter of 2026 increased $2.2 million or 19.1% compared to the second quarter of 2025.

Non-Interest Income and Expense

Total non-interest income was $1.1 million for the second quarter of 2026, a decrease of $0.1 million from the prior quarter, and an increase of $0.2 million from the second quarter of the previous year. Variances between the quarters can be attributed to Federal Home Loan Bank ("FHLB") dividends, SBA loan sale premiums, mortgage broker fees, loan interest rate swap fees, loan prepayment fees and gains or losses on sale of securities.

Total non-interest expense was $9.2 million for the second quarter of 2026, an increase from $9.1 million from the prior quarter, and an increase from the $8.3 million reported for the same quarter in the previous year. Variances between the quarters can be attributed to changes in staffing, bonus accrual adjustments, operating losses and recoveries, and the timing of expenses related to advertising and events. The Company has significantly improved operating leverage with total non-interest expense up only $1.7 million or 10.1% for the first six months of 2026 versus the first six months of 2025, while net interest income before provision increased $4.1 million, or 18.3% for the comparison period.

Loans and Asset Quality
Total loans were $1.15 billion at June 30, 2026, an increase of $54.2 million or 4.9% from the prior quarter-end, and an increase of $133.4 million or 13.1% from June 30, 2025. The Bank's Allowance for Credit Losses ("ACL") was $13.7 million at June 30, 2026, with a resulting coverage ratio of 1.19%, an increase from the prior quarter of 1.16%. As of June 30, 2026, non-accrual loans totaled $7.9 million, a $0.1 million decrease from the previous quarter-end, and a $0.5 million decrease from the $8.4 million reported at June 30, 2025. All loans on non-accrual are well supported by collateral, borrower assets, SBA guarantees, or specific reserves.

Deposits & Borrowings

Total deposits were $1.23 billion at June 30, 2026, a $28.1 million or 2.2% decrease from the prior quarter-end, and an increase of $95.5 million or 8.4% from June 30, 2025. Deposit growth year-over-year was represented by core deposits, with no wholesale brokered funds at June 30, 2026.

Non-interest-bearing demand deposits totaled $479.3 million at June 30, 2026, an increase of $14.5 million or 3.1% from the prior quarter-end, and an increase of $31.7 million or 7.1% from June 30, 2025.

Interest-bearing demand deposits totaled $158.9 million at June 30, 2026, a decrease of $32.9 million or 17.2% from the prior quarter-end, and an increase of $24.3 million or 18.1% from June 30, 2025. Total demand deposits, including interest-bearing demand, represent 52.0% of total deposits at June 30, 2026, compared to 52.3% at the prior quarter-end, and 51.4% at June 30, 2025.

Other interest-bearing deposits totaled $588.8 million at June 30, 2026, a decrease of $9.6 million or 1.6% from the prior quarter-end, and an increase of $39.4 million or 7.2% from June 30, 2025.

The weighted average cost of deposits for the second quarter of 2026 increased 2 basis points to 1.24% from 1.22% for the first quarter of 2026 and decreased 15 basis points from the 1.39% reported for the same quarter of the previous year. The decrease in cost of deposits in the last year was due to significant growth in demand deposits, and the Federal Reserve's three 25 basis point rate cuts in the last four months of 2025.

The Company's total borrowings were $68.7 million at June 30, 2026, an increase of $42.5 million from the prior quarter-end and a $30.2 million increase from June 30, 2025. At June 30, 2026, the Company had $9.5 million outstanding on a correspondent loan at a rate of 3.85%, $16.2 million of subordinated notes outstanding at a rate of 3.75%, and $43.0 million of short-term, one month or less duration advances with a weighted average cost of 3.75%. The weighted average cost on all borrowings for the second quarter of 2026 was 3.81%, resulting in $0.5 million of interest expense on borrowings, an increase of $0.1 million compared to the prior quarter, and equal to the interest expense on borrowings for the second quarter of 2025.

Due to significant demand deposits balances and continued focus on maintaining and growing relationships, total cost of funds remained low at 1.36% for the second quarter of 2026, which was 6 basis points higher than the 1.30% reported for the previous quarter, but 14 basis points lower than the 1.50% reported for the same quarter of the previous year.

The Company's net interest margin improved to 4.01% for the second quarter of 2026, compared to 3.97% in the prior quarter, and improved a significant 36 basis points from the 3.65% reported for the same quarter of last year as a result of steady loan yield improvement and a decline in total cost of funds for the comparison period.

The Bank's liquidity position remained strong with a primary liquidity ratio (cash and cash equivalents, deposits held in other banks and unpledged AFS securities as a percentage of total assets) of 11.8% at June 30, 2026, compared to 14.7% at March 31, 2026. As of June 30, 2026, the Bank had available and unused, secured borrowing capacity with the FHLB of $403.7 million, and had available and unused, secured borrowing capacity with the Federal Reserve of $6.5 million. In addition, the Bank had $144.3 million of unused Fed funds lines of credit with correspondent banks at June 30, 2026. Available contingent funding sources of $554.5 million remain robust.

Overall uninsured deposits, excluding public agency deposits that are collateralized, are conservatively estimated to be $430.4 million, or 35.1% of total deposit balances as of June 30, 2026. The actual level of uninsured deposits is lower than the percentage stated above, as our knowledgeable bankers have helped clients obtain more than $250,000 of FDIC insurance with vesting structures such as joint accounts, payable upon death accounts, and revocable trust accounts with multiple beneficiaries. In addition, the Bank can offer up to $285 million of FDIC pass-through insurance to clients via the IntraFi network Insured Cash Sweep ("ICS") or Certificate of Deposit Account Registry Service ("CDARS") products.

Shareholders' Equity
Total shareholders' equity was $134.8 million at June 30, 2026, a $3.5 million or 2.7% increase since March 31, 2026, and an increase of $17.2 million or 14.6% over the same period of the prior year. The tax adjusted unrealized loss on securities, which is a component of equity (accumulated other comprehensive income or "AOCI"), was $14.0 million at June 30, 2026, and improved $3.9 million or 22.0% from June 30, 2025. The Bank fully expects to receive all principal when the investments mature.

As of June 30, 2026, the Company had repurchased a cumulative 130,616 shares of common stock at a weighted average cost of $19.80, leaving $2.4 million available for repurchase under the share repurchase program. No shares were repurchased in the quarter ending June 30, 2026.

Company Profile

American Riviera Bancorp (OTCQX: ARBV) is a registered bank holding company headquartered in Santa Barbara, California. American Riviera Bank, the 100% owned subsidiary of American Riviera Bancorp, is a full-service community bank focused on serving the lending and deposit needs of businesses and consumers on the Central Coast of California. The state-chartered bank opened for business on July 18, 2006, with the support of local shareholders. Full-service branches are located in Santa Barbara, Montecito, Goleta, Santa Maria, San Luis Obispo, Atascadero, and Paso Robles. In December 2025, the Bank opened a lending center in the City of Ventura. The Bank provides commercial business, commercial real estate, residential mortgage, construction, and Small Business Administration lending services as well as convenient online and mobile technology. The Bank maintains a "5 Star - Superior" rating from Bauer Financial and for fifteen consecutive years, has been recognized for strong financial performance by the Findley Reports. The Bank is rated "Outstanding" by the Federal Deposit Insurance Corporation for its performance under the Community Reinvestment Act. The Bank was recognized by S&P Global as a Top 100 Small US Community Bank Deposit Franchise as of June 30, 2025. #BankonBetter #OTCQX

American Riviera Bank
www.americanriviera.bank
805-965-5942
Michelle Martinich

Statements concerning future performance, developments or events concerning expectations for growth and market forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, effects of interest rate changes, ability to control costs and expenses, impact of consolidation in the banking industry, financial policies of the US government, and general economic conditions.

American Riviera Bancorp and Subsidiaries
Balance Sheets (unaudited)
(dollars in thousands)

June 30,

June 30,

One Year

One Year

2026

2025

$ Change

% Change

Assets

Cash & Due From Banks

$

27,964

$

28,111

$

(147

)

-1

%

Available-for-sale securities

164,117

162,089

2,028

1

%

Held-to-maturity securities, net

41,469

41,392

77

0

%

Loans

1,153,669

1,020,261

133,408

13

%

Allowance For Credit Losses

(13,733

)

(12,496

)

(1,237

)

10

%

Net Loans

1,139,936

1,007,765

132,171

13

%

Premise & Equipment

9,972

7,773

2,199

28

%

Operating Lease Right-of-Use Asset

4,973

6,184

(1,211

)

-20

%

Bank Owned Life Insurance

14,329

12,370

1,959

16

%

Stock in Other Banks

7,243

6,786

457

-

Goodwill and Other Intangibles

4,872

4,889

(17

)

0

%

Other Assets

28,037

23,086

4,951

21

%

Total Assets

$

1,442,912

$

1,300,445

$

142,467

11

%

Liabilities & Shareholders' Equity

Non-interest-bearing Demand Deposits

$

479,267

$

447,534

$

31,733

7

%

Interest-bearing Demand Deposits

158,852

134,538

24,314

18

%

Other Interest-bearing Deposits

588,826

549,404

39,422

7

%

Total Deposits

1,226,945

1,131,476

95,469

8

%

Borrowed Funds

68,650

38,500

30,150

78

%

Allowance for credit losses on off-balance sheet exposures

974

993

(19

)

-2

%

Other Liabilities

11,528

11,865

(337

)

-3

%

Total Liabilities

1,308,097

1,182,834

125,263

11

%

Common Stock

67,203

67,914

(711

)

-1

%

Retained Earnings

81,617

67,645

13,972

21

%

Other Capital

(14,005

)

(17,948

)

3,943

22

%

Total Shareholders' Equity

134,815

117,611

17,204

15

%

Total Liabilities & Shareholders' Equity

$

1,442,912

$

1,300,445

$

142,467

11

%

American Riviera Bancorp and Subsidiaries
Balance Sheets (unaudited)
(dollars in thousands)

June 30,

March 31,

December 31,

September 30,

June 30,

2026

2026

2025

2025

2025

Assets

Cash & Due From Banks

$

27,964

$

66,678

$

21,395

$

128,753

$

28,111

Available-for-sale securities

164,117

164,958

169,793

164,459

162,089

Held-to-maturity securities

41,469

41,450

41,430

41,411

41,392

Loans

1,153,669

1,099,436

1,081,696

1,041,839

1,020,261

Allowance for Credit Losses

(13,733

)

(12,712

)

(12,689

)

(12,689

)

(12,496

)

Net Loans

1,139,936

1,086,724

1,069,007

1,029,150

1,007,765

Premise & Equipment

9,972

7,108

7,255

7,494

7,773

Operating Lease Right-of-Use Asset

4,973

5,280

5,584

5,885

6,184

Bank Owned Life Insurance

14,329

14,193

14,051

12,489

12,370

Stock in Other Banks

7,243

6,786

6,786

6,786

6,786

Goodwill and Other Intangibles

4,872

4,873

4,871

4,883

4,889

Other Assets

28,037

25,201

27,117

21,142

23,086

Total Assets

$

1,442,912

$

1,423,251

$

1,367,289

$

1,422,452

$

1,300,445

Liabilities & Shareholders' Equity

Non-interest-bearing Demand Deposits

$

479,267

$

464,816

$

451,721

$

482,343

$

447,534

Interest-bearing Demand Deposits

158,852

191,756

168,399

180,930

134,538

Other Interest-bearing Deposits

588,826

598,427

579,902

597,454

549,404

Total Deposits

1,226,945

1,254,999

1,200,022

1,260,727

1,131,476

Borrowed Funds

68,650

26,150

26,500

26,500

38,500

Allowance for credit losses on off-balance sheet exposures

974

974

974

1,215

993

Other Liabilities

11,528

9,822

12,123

11,956

11,865

Total Liabilities

1,308,097

1,291,945

1,239,619

1,300,398

1,182,834

Common Stock

67,203

66,858

67,263

68,493

67,914

Retained Earnings

81,617

78,309

74,330

68,276

67,645

Other Capital

(14,005

)

(13,861

)

(13,923

)

(14,715

)

(17,948

)

Total Shareholders' Equity

134,815

131,306

127,670

122,054

117,611

Total Liabilities & Shareholders' Equity

$

1,442,912

$

1,423,251

$

1,367,289

$

1,422,452

$

1,300,445

American Riviera Bancorp and Subsidiaries
Average Balance Sheets (unaudited)
(dollars in thousands)

2Q 2026

1Q 2026

4Q 2025

3Q 2025

2Q 2025

Average

Average

Average

Average

Average

Assets

Cash & Due From Banks

$

21,423

$

26,222

$

109,112

$

70,822

$

21,159

Available-for-sale securities

164,624

168,770

166,373

162,709

166,833

Held-to-maturity securities

41,455

41,436

41,416

41,397

41,414

Loans

1,121,809

1,089,710

1,055,371

1,031,749

1,007,429

Allowance for Credit Losses

(12,790

)

(12,690

)

(12,689

)

(12,626

)

(12,010

)

Net Loans

1,109,019

1,077,020

1,042,682

1,019,123

995,419

Premise & Equipment

7,154

7,212

7,392

7,666

7,910

Operating Lease Right-of-Use Asset

5,162

5,467

5,762

6,057

4,636

Bank Owned Life Insurance

14,282

14,141

13,762

12,448

12,330

Stock in Other Banks

7,168

6,786

6,786

6,786

6,786

Goodwill and Other Intangibles

4,876

4,870

4,877

4,887

4,894

Other Assets

25,207

25,267

21,352

21,981

20,943

Total Assets

$

1,400,370

$

1,377,191

$

1,419,514

$

1,353,876

$

1,282,324

Liabilities & Shareholders' Equity

Non-interest-bearing Demand Deposits

$

452,972

$

452,958

$

476,473

$

465,622

$

433,652

Interest-bearing Demand Deposits

158,369

156,074

156,271

150,042

120,062

Other Interest-bearing Deposits

586,709

585,890

621,162

579,637

554,088

Total Deposits

1,198,050

1,194,922

1,253,906

1,195,301

1,107,802

Borrowed Funds

56,876

39,039

26,589

26,674

47,231

Allowance for credit losses on off-balance sheet exposures

974

974

1,212

1,085

1,092

Other Liabilities

10,747

11,857

13,149

12,052

10,208

Total Liabilities

1,266,647

1,246,792

1,294,856

1,235,112

1,166,333

Common Stock

67,064

67,159

68,695

68,413

68,092

Retained Earnings

80,476

76,468

70,292

67,886

66,288

Other Capital

(13,817

)

(13,228

)

(14,329

)

(17,535

)

(18,389

)

Total Shareholders' Equity

133,723

130,399

124,658

118,764

115,991

Total Liabilities & Shareholders' Equity

$

1,400,370

$

1,377,191

$

1,419,514

$

1,353,876

$

1,282,324

American Riviera Bancorp and Subsidiaries
Statement of Income (unaudited)
(dollars in thousands, except per share data)

Quarter Ended

Six Months Ended

June 30,

June 30,

June 30,

June 30,

2026

2025

Change

2026

2025

Change

Interest Income

Interest and Fees on Loans

$

16,345

$

14,168

15

%

$

31,839

$

27,866

14

%

Interest on Securities

1,394

1,439

-3

%

2,794

2,928

-5

%

Interest on Due From Banks

68

82

-17

%

180

244

-26

%

Total Interest Income

17,807

15,689

13

%

34,813

31,038

12

%

Interest Expense

Interest Expense on Deposits

3,719

3,822

-3

%

7,303

7,687

-5

%

Interest Expense on Borrowings

540

487

11

%

914

860

6

%

Total Interest Expense

4,259

4,309

-1

%

8,217

8,547

-4

%

Net Interest Income

13,548

11,380

19

%

26,596

22,491

18

%

Provision for Credit Losses

1,020

634

61

%

1,043

921

13

%

Provision for Off-Balance Sheet Credit Exposures

-

(133

)

-100

%

-

(59

)

-100

%

Net Interest Income After Provision

12,528

10,879

15

%

25,553

21,629

18

%

Non-Interest Income

Service Charges, Commissions and Fees

795

639

24

%

1,425

1,187

20

%

Other Non-Interest Income

292

247

18

%

863

514

68

%

Total Non-Interest Income

1,087

886

23

%

2,288

1,701

35

%

Non-Interest Expense

Salaries and Employee Benefits

5,670

5,250

8

%

11,477

10,648

8

%

Occupancy and Equipment

914

929

-2

%

1,844

1,866

-1

%

Other Non-Interest Expense

2,653

2,072

28

%

4,978

4,109

21

%

Total Non-Interest Expense

9,237

8,251

12

%

18,299

16,623

10

%

Net Income Before Provision for Taxes

4,378

3,514

25

%

9,542

6,707

42

%

Provision for Taxes

1,070

870

23

%

2,279

1,740

31

%

Net Income

$

3,308

$

2,644

25

%

$

7,263

$

4,967

46

%

Shares Outstanding

5,759,969

5,810,042

-1

%

5,759,969

5,810,042

-1

%

Earnings Per Share - Basic

$

0.57

$

0.46

24

%

$

1.26

$

0.86

47

%

Return on Average Assets

0.95

%

0.83

%

14

%

1.05

%

0.78

%

35

%

Return on Average Equity

9.92

%

9.14

%

9

%

11.09

%

8.74

%

27

%

Net Interest Margin

4.01

%

3.65

%

10

%

3.99

%

3.63

%

10

%

American Riviera Bancorp and Subsidiaries
Five Quarter Statements of Income (unaudited)
(dollars in thousands, except per share data)

Three Months Ended

June, 30

March 31,

December 31,

September 30,

June 30,

2026

2026

2025

2025

2025

Interest Income

Interest and Fees on Loans

$

16,345

$

15,494

$

15,437

$

14,789

$

14,168

Interest on Securities

1,394

1,400

1,378

1,340

1,439

Interest on Due From Banks

68

112

962

621

82

Total Interest Income

17,807

17,006

17,777

16,750

15,689

Interest Expense

Interest Expense on Deposits

3,719

3,584

4,282

4,315

3,822

Interest Expense on Borrowings

540

374

254

257

487

Total Interest Expense

4,259

3,958

4,536

4,572

4,309

Net Interest Income

13,548

13,048

13,241

12,178

11,380

Provision for Credit Losses

1,020

23

-

194

634

Provision for Off-Balance Sheet Credit Exposures

-

-

(240

)

221

(133

)

Net Interest Income After Provision

12,528

13,025

13,481

11,763

10,879

Non-Interest Income

Service Charges, Commissions and Fees

795

630

609

631

639

Other Non-Interest Income

292

571

284

289

247

Total Non-Interest Income

1,087

1,201

893

920

886

Non-Interest Expense

Salaries and Employee Benefits

5,670

5,807

5,744

5,467

5,250

Occupancy and Equipment

914

930

917

922

929

Other Non-Interest Expense

2,653

2,325

2,393

2,240

2,072

Total Non-Interest Expense

9,237

9,062

9,054

8,629

8,251

Net Income Before Provision for Taxes

4,378

5,164

5,320

4,054

3,514

Provision for Taxes

1,070

1,209

772

1,125

870

Net Income

$

3,308

$

3,955

$

4,548

$

2,929

$

2,644

Shares Outstanding

5,759,969

5,750,168

5,713,022

5,708,960

5,810,042

Earnings Per Share - Basic

$

0.57

$

0.69

$

0.80

$

0.51

$

0.46

Net Income pre-tax, pre-provision (Non-GAAP)

$

5,398

$

5,187

$

5,080

$

4,469

$

4,015

American Riviera Bancorp and Subsidiaries
Selected Financial Highlights (unaudited)
(dollars in thousands, except per share data)

At or for the Three Months Ended

June 30,

March 31,

December 31,

September 30,

June 30,

2026

2026

2025

2025

2025

Income and performance ratios:

Net Income

$

3,308

$

3,955

$

4,549

$

2,929

$

2,644

Earnings per share - basic

0.57

0.69

0.80

0.51

0.46

Return on average assets

0.95

%

1.16

%

1.27

%

0.85

%

0.83

%

Return on average equity

9.92

%

12.30

%

14.48

%

9.75

%

9.14

%

Return on tangible common equity

10.29

%

12.77

%

15.06

%

10.22

%

9.54

%

Loan yield

5.84

%

5.77

%

5.80

%

5.69

%

5.64

%

Cost of funds

1.36

%

1.30

%

1.41

%

1.48

%

1.50

%

Cost of deposits

1.24

%

1.22

%

1.29

%

1.45

%

1.39

%

Net interest margin

4.01

%

3.97

%

3.81

%

3.66

%

3.65

%

Efficiency ratio (b)

63.12

%

63.60

%

64.05

%

65.89

%

67.26

%

Balance Sheet ratios:

Loan-to-deposit ratio

94.03

%

87.60

%

90.14

%

82.64

%

90.17

%

Non-interest-bearing deposits / total deposits

39.06

%

37.04

%

37.64

%

38.26

%

39.55

%

Demand deposits / total deposits

52.01

%

52.32

%

51.68

%

52.61

%

51.44

%

Asset quality:

Allowance for credit losses

$

13,733

$

12,712

$

12,689

$

12,689

$

12,496

Nonperforming assets

7,888

8,013

8,116

9,803

8,442

Allowance for credit losses / total loans and leases

1.19

%

1.16

%

1.17

%

1.22

%

1.22

%

Net charge-offs / average loans and leases (annualized)

0.00

%

0.00

%

0.00

%

0.00

%

0.00

%

Texas ratio (a)

6.78

%

7.04

%

7.37

%

9.38

%

8.42

%

Capital ratios for American Riviera Bank (c):

Tier 1 risk-based capital

12.40

%

12.69

%

12.54

%

12.56

%

13.39

%

Total risk-based capital

13.56

%

13.82

%

13.68

%

13.77

%

14.59

%

Tier 1 leverage ratio

11.25

%

11.16

%

10.55

%

10.69

%

11.78

%

Capital ratios for American Riviera Bancorp (c):

Tier 1 risk-based capital

11.36

%

11.63

%

11.48

%

11.49

%

11.61

%

Total risk-based capital

13.72

%

14.02

%

13.93

%

14.03

%

14.19

%

Tier 1 leverage ratio

10.32

%

10.22

%

9.66

%

9.78

%

10.16

%

Tangible common equity ratio

9.04

%

8.91

%

9.01

%

8.27

%

8.70

%

Equity and share related:

Common equity

$

134,815

$

131,306

$

127,670

$

122,054

$

117,611

Book value per share

23.41

22.84

22.35

21.38

20.24

Tangible book value per share

22.56

21.99

21.49

20.52

19.40

Tangible book value per share, excluding AOCI (d)

24.99

24.40

23.93

23.10

22.49

Stock closing price per share

25.60

23.60

23.90

21.99

19.27

Number of shares issued and outstanding

5,759.97

5,750.17

5,713.02

5,708.96

5,810.04

Notes:

(a) Sum of Nonperforming Assets and Other Real Estate Owned, divided by the sum of Total Shareholder Equity and Total Allowance for Credit Losses less Preferred Stock and Intangible Assets.

(b) Annualized Operating Expense excluding Provision for Credit Losses minus Annualized Extraordinary Expense, divided by Annualized Interest Income including Loan Fees minus Annualized Interest Expense plus Annualized Non-Interest Income minus Annualized Extraordinary Income, expressed as a percentage.

(c) Current period capital ratios are preliminary.

(d) Accumulated Other Comprehensive Income (AOCI) is comprised of the tax adjusted unrealized loss on securities and is presented as Other Capital on the Balance Sheet.

SOURCE: American Riviera Bancorp

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

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Peabody Energy Corporation (NYSE: BTU) between October 14, 2024 to May 4, 2026, inclusive (the “Class Period”), of the important August 24, 2026 lead plaintiff deadline.

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

WHAT TO DO NEXT: To join the Peabody Energy class action, go to https://rosenlegal.com/cases/peabody-energy-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 24, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Peabody Energy’s Centurion mine and the multitude of issues causing delays to the ramp-up and the return to full longwall production dates. On March 30, 2026, Peabody Energy issued a press release lowering guidance pertaining to Centurion mine’s expected first quarter 2026 output ahead of Peabody Energy’s full earnings release. In pertinent part, defendants announced that sales volume from the Centurion mine was expected to deliver approximately 250,000 tons in the first quarter due to mining commissioning challenges (compared to previous estimates of around 700,000 tons). When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Peabody Energy class action, go to https://rosenlegal.com/cases/peabody-energy-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

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

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

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

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

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        www.rosenlegal.com

Progress Software: Making Progress Driven by the AI RevolutionProgress Software NASDAQ: PRGS said it has entered into an agreement to acquire Domo’s AI and data platform business in a transaction valued at a headline purchase price of $400 million, executives said on a conference call discussing the deal.

Anthony Folger, chief financial officer of Progress Software, said the company is acquiring “substantially all the assets” of Domo and assuming only certain liabilities. Progress has also agreed to pay up to $15 million of seller transaction expenses. Folger said the purchase price includes a minimum acquired cash balance of $25 million and an estimated $35 million in net present value of tax benefits, resulting in a net purchase price of about $355 million.

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Market Got It Wrong—Why Progress Software Deserves a Second LookBased on Domo’s fiscal 2026 results, Folger said the net purchase price represents a revenue multiple of “slightly more than one.” Progress plans to finance the acquisition with cash on hand and a portion of the current capacity on its revolving credit facility.

“Due to the strong deal economics, we don’t expect our pro forma net leverage ratio to be affected materially and believe it will remain under three times on a pro forma basis,” Folger said. He added that Progress intends to “deleverage quickly and aggressively” after the transaction closes.

Progress Software Stock Back in the Green After Beating ForecastsThe acquisition is subject to regulatory approvals and customary closing conditions. Folger said Progress expects the deal to close within its current fiscal year ending Nov. 30, 2026. He also said the company reiterated its third-quarter guidance “at or above the high end” of the range it provided last quarter.

Progress Points to AI and Data Platform Strategy Yogesh Gupta, chief executive officer of Progress Software, said the acquisition fits into the company’s AI product strategy by combining Domo’s cloud-native AI and data platform with Progress’ capabilities in structured and unstructured data management, data semantics and agentic retrieval-augmented generation, or RAG.

Gupta said enterprises need “context and control” to make AI effective, noting that organizational knowledge is often fragmented across systems of record, unstructured content and siloed applications.

“Ingesting, transforming, and aggregating this data is extremely difficult, and doing it at scale with security and governance is even harder,” Gupta said. “This is an area where Domo excels.”

Gupta described Domo’s platform as an intuitive, scalable and secure cloud-native AI and data platform that automates the ingestion and transformation of data from a wide range of sources. He said organizations can store data in Domo’s cloud platform or in partner cloud data warehouses such as Snowflake or Databricks.

According to Gupta, combining Domo’s offerings with the Progress Data Platform will help customers aggregate and interpret enterprise knowledge across both structured and unstructured data. He said the combined capabilities are intended to help AI agents use only the relevant subset of information needed for a task, rather than working across an overly broad data set.

“The end result is more accurate and more verifiable outcomes at dramatically lower costs,” Gupta said.

Domo Customer Base and Consumption Model Highlighted Gupta said more than 85% of Domo’s annual recurring revenue is now consumption-based, citing Domo’s previously announced results. He also said Domo has 2,400 customers and has pursued a partner strategy with cloud data warehouses.

During the question-and-answer portion of the call, Lawrence Vensko, an equity research associate at Guggenheim Securities, asked about what Progress is not taking on in the asset purchase. Folger said the assets left behind include Domo’s accumulated net operating losses and debt.

“Obviously, the debt is a significant liability, which is why we said we’re acquiring pretty much all the assets of the business and a good portion of their liabilities, excluding the debt,” Folger said.

Vensko also asked about retention rates. Gupta said Domo’s net retention and gross retention rates for its consumption-based business are “very similar to overall Progress,” and said data platform businesses tend to be sticky.

Executives Say Customer Overlap Is Limited Eric Martinuzzi, senior research analyst at Lake Street Capital Markets, asked about the prior business relationship between Progress and Domo and whether the companies had meaningful customer overlap. Gupta said there is some overlap, as is typical among enterprise software companies, but he did not characterize it as significant.

Martinuzzi also asked about potential cash proceeds for Domo shareholders. Gupta and Folger said that question was for Domo, noting that Progress is buying assets and certain liabilities, while decisions about the remaining business would be made by Domo.

Progress Declines to Detail Synergies Before Close Lucky Schreiner, vice president and research analyst at D.A. Davidson, asked about Domo’s recent growth outlook and margin profile, including potential cost synergies. Gupta declined to identify specific areas before the deal closes, but said Progress has a track record of acquiring companies that were barely break-even and bringing margins closer to Progress’ profile over time.

Schreiner also asked whether Progress plans to move the rest of Domo’s customer base to consumption pricing. Gupta said Domo has been moving customers from a seat-based licensing model to a consumption-based model for roughly two and a half to three years, but said Progress would provide more detail after the close.

Asked about confidence in driving growth given trends among business intelligence peers, Gupta said Progress sees opportunity in Domo’s consumption customer base and in combining the two companies’ products. He noted that Progress is not expecting rapid growth overall, saying the company has previously discussed expectations for approximately 2% ARR growth this year.

Gupta closed the call by saying Progress is “excited” about Domo’s AI and data platform business and expects to provide more information when the deal closes.

About Progress Software (NASDAQ:PRGS)Progress Software NASDAQ: PRGS is a global provider of enterprise software designed to simplify and accelerate the delivery of business applications. The company's offerings span digital experience management, application development and deployment, data connectivity and integration, and predictive analytics. Progress supports organizations in building, deploying, and managing mission-critical applications across on-premises, cloud and hybrid environments, helping to reduce development complexity and operational overhead.

Key products in Progress's portfolio include Progress OpenEdge, a robust development and database platform for building transactional applications; Progress DataDirect, which enables high-performance connectivity to disparate data sources; Progress Sitefinity, a digital experience platform for content management and personalization; Progress Telerik, a suite of UI controls and developer tools; and Progress Kinvey, a serverless backend platform for mobile and web applications.

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

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QuantumScape Corporation (QS) Q2 2026 Earnings Call Transcript

Ethena [ENA] has made some modest gains to get the week off to a good start. Since making the $0.078 low on Monday, July 20, the altcoin has rallied 13%. In the past 24 hours, its Open Interest has expanded by 7%.

Source: Onchain Lens on X On July 21, Onchain Lens observed a 16 million ENA move, worth around $1.37 million. The wallet withdrew this from their Gnosis multisig wallet to Binance. Transfers to centralized exchanges generally point toward sell pressure.

Ethena holders have experienced profits, as seen on the daily transaction volume in profit metric. A rise in average order size also indicated potential whale interest in ENA, AMBCrypto reported.

ENA operates within a downtrend, but a temporary uptrend was underway The $0.085 target presented has been met and cleared. However, the higher timeframe trend remained bearish.

Source: ENA/USDT on TradingView The local highs at $0.098 and $0.118 are the potential price targets in case of a short-term uptrend. As the Fibonacci retracement levels show, the swing structure on this timeframe was bearish.

A rally could rise to $0.123, but the likelihood of this had been in question as ENA repeatedly failed to breach the $0.085 resistance zone over the past three weeks. The gains at the start of this week were a positive sign.

Source: CoinGlass The liquidation heatmap of the past three months agreed. There were two magnetic zones to keep an eye on. The $0.09 and $0.10 had dense short liquidations that traders should keep an eye on.

Traders’ call to action- Cautiously bullish stance warranted Source: ENA/USDT on TradingView The $0.085 zone was flipped to support. The OBV was making new local highs to indicate increased buying pressure. The RSI showed strong bullish momentum, though a bearish divergence warned of a brief dip toward $0.085.

Such a dip would likely present a short-term buying opportunity. As noted earlier, the $0.098,$0.118, and $0.123 levels are viable targets for ENA in a pullback within its higher timeframe downtrend.

Final Summary The $0.085 local resistance zone was flipped to support, though a short-term RSI bearish divergence could cause a minor price dip. Traders can wait for the current upward move to push toward $0.11-$0.12 before looking to take profits. Bitcoin volatility could hurt this short-term setup.

New York, New York--(Newsfile Corp. - July 22, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of common stock of Planet Fitness, Inc. (NYSE: PLNT) between November 6, 2025 and May 6, 2026, inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 14, 2026.

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

WHAT TO DO NEXT: To join the Planet Fitness class action, go to https://rosenlegal.com/cases/planet-fitness-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 14, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or concealed material adverse facts concerning the true state of Planet Fitness' customer acquisition and marketing metrics. Notably, Planet Fitness' updated marketing messaging was failing to resonate with, and was actively intimidating, its core target demographic of fitness beginners and casual gym-goers. As a result, Planet Fitness was experiencing a significant headwind in net member joins during its peak first-quarter sign-up period that rendered its previously issued fiscal 2026 guidance and long term financial targets unachievable. Instead, Planet Fitness would be required to restructure its marketing strategy, losing the gains they praised from continuing the same marketing campaign, and entirely halt the planned Black Card price increase which sale projections were premised upon. When the true details entered the market, the lawsuit claims that investors suffered damages.

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

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

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306200

Source: The Rosen Law Firm PA

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Sterling Infrastructure is one former stock pick where technical indicators are flashing bullish. (Dreamstime)

Reviewing former stock picks is an important part of the investment process, providing valuable insight into what worked, what changed, and how technical setups evolved over time. By revisiting these ideas, we can identify recurring patterns, evaluate our analysis, and continue refining the approach.

For the quarter ended June 30, 2026

Net Revenue $3.15 billion Net Income $373 million Diluted Earnings per Share $0.53 per Share  Consolidated Adjusted Property EBITDA $1.12 billion LVS Repurchased $787 million of Common Stock during the quarter LVS Board of Directors Increased Stock Repurchase Authorization to $6.0 billion , /PRNewswire/ -- Las Vegas Sands (NYSE: LVS), the leading global developer and operator of Integrated Resorts, today reported financial results for the quarter ended June 30, 2026.

"We continued to execute our strategic objectives during the quarter in both Singapore and Macao while continuing to increase the return of capital to shareholders," said Patrick Dumont, chairman and chief executive officer.

"In Macao, our ongoing investments in enhanced service and hospitality offerings contributed to growth in volumes across all gaming segments as compared to the prior year, although unusually low hold in rolling play negatively impacted our reported financial results for the quarter.

"At Marina Bay Sands in Singapore, we continued to deliver industry-leading financial performance. 

"Looking ahead, we remain confident that our people, our products and our focus on delivering outstanding service, hospitality and entertainment experiences to our customers will drive growth for the company and deliver strong returns to our shareholders in the years ahead."

Net revenue was $3.15 billion, compared to $3.18 billion in the prior year quarter.  Operating income was $618 million, compared to $783 million in the prior year quarter.  Net income in the second quarter of 2026 was $373 million, compared to $519 million in the second quarter of 2025. 

Consolidated adjusted property EBITDA was $1.12 billion, compared to $1.33 billion in the prior year quarter.

Sands China Ltd. Consolidated Financial Results
On a GAAP basis, total net revenues for SCL decreased 0.8% to $1.78 billion, compared to the second quarter of 2025.  Net income for SCL decreased 50.0% to $107 million, compared to $214 million in the second quarter of 2025.

Other Factors Affecting Earnings
Interest expense, net of amounts capitalized, was $189 million for the second quarter of 2026, compared to $194 million in the prior year quarter.  Our weighted average debt balance was $16.06 billion during the second quarter of 2026, compared to $15.85 billion during the second quarter of 2025.  Our weighted average borrowing cost was 4.6% during the second quarter of 2026, compared to 4.8% during the second quarter of 2025.

Our effective income tax rate for the second quarter of 2026 was 19.1%, compared to 14.8% in the prior year quarter.  The income tax rate for the second quarter of 2026 was primarily driven by a 17% statutory rate on our Singapore operations.

Stockholder Returns
During the second quarter of 2026, we repurchased $787 million of our common stock (approximately 15 million shares at a weighted average price of $52.37).  The remaining amount authorized under our share repurchase program was $29 million as of June 30, 2026.  Subsequently, on July 21, 2026, the company's Board of Directors authorized increasing the remaining share repurchase amount to $6.0 billion and extending the expiration date of the authorization to July 21, 2029.  Since the resumption of our share repurchase program in the fourth quarter of 2023 through June 30, 2026, we have repurchased 16.3% of our outstanding shares, approximately 124 million shares of our common stock at an average price of $48.49, for a total investment of $6.03 billion.  The timing and actual number of shares to be repurchased in the future will depend on a variety of factors, including the company's financial position, earnings, legal requirements, other investment opportunities and market conditions.

We paid a quarterly dividend of $0.30 per common share during the quarter.  Our next quarterly dividend of $0.30 per common share will be paid on August 12, 2026, to Las Vegas Sands stockholders of record on August 4, 2026.

Balance Sheet Items
Unrestricted cash balances as of June 30, 2026 were $3.38 billion.

In May 2026, the company received $1.26 billion of proceeds from the repayment in full of the seller financing loan related to the sale of the Las Vegas real property and operations.

The company has access to $4.26 billion available for borrowing under our U.S., SCL and Singapore revolving credit facilities, net of outstanding letters of credit, and $4.68 billion available under a delayed draw term loan facility that may be used to finance development and construction costs, expenses, fees and other payments related to the MBS Expansion Project.  As of June 30, 2026, total debt outstanding, net of deferred offering costs and original issue discounts, excluding finance leases, was $15.11 billion.

Capital Expenditures
Capital expenditures during the second quarter totaled $332 million, including construction, development and maintenance activities of $215 million at Marina Bay Sands, $86 million in Macao and $31 million in corporate and other.

Conference Call Information
The company will host a conference call to discuss the company's results on Wednesday, July 22, 2026, at 1:30 p.m. Pacific Time.  Interested parties may listen to the conference call through a webcast available on the company's website at www.sands.com.

About Sands (NYSE: LVS) 
Sands is the leading global developer and operator of integrated resorts.  The company's iconic properties drive valuable leisure and business tourism and deliver significant economic benefits, sustained job creation, financial opportunities for local businesses and community investment to help make its host regions ideal places to live, work and visit.

Sands' portfolio of properties includes Marina Bay Sands® in Singapore and The Venetian® Macao, The Londoner Macao®, The Parisian® Macao, The Plaza® Macao and Four Seasons® Hotel Macao, and Sands® Macao in Macao SAR, China, through majority ownership in Sands China Ltd. 

Dedicated to being a leader in corporate responsibility, Sands is anchored by the core tenets of serving people, communities and the planet.  The company's ESG leadership has led to inclusion on the Dow Jones Best-in-Class Indices for World and North America, as well as Fortune's list of the World's Most Admired Companies.  To learn more, visit www.sands.com.

Forward-Looking Statements
This press release contains forward-looking statements made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995.  These forward-looking statements include the discussions of our business strategies and expectations concerning future operations, margins, profitability, liquidity and capital resources.  In addition, in certain portions included in this press release, the words "anticipates," "believes," "can," "continues," "estimates," "expects," "goals," "intends," "looks forward to," "may," "opportunities," "plans," "positions," "remains," "seeks," "should," "targets," "will," "would" and similar expressions, as they relate to our company or management, are intended to identify forward-looking statements.  Although we believe these forward-looking statements are reasonable, we cannot assure you any forward-looking statements will prove to be correct.  These statements represent our expectations, beliefs, intentions or strategies concerning future events that, by their nature, involve a number of risks, uncertainties or other factors beyond our control, which may cause our actual results, performance, achievements or other expectations to be materially different from any future results, performance, achievements or other expectations expressed or implied by these forward-looking statements.  These factors include, but are not limited to, the risks associated with: our gaming license in Singapore and concession in Macao and amendments to Macao's gaming laws; general economic conditions; disruptions or reductions in travel and our operations due to natural or man-made disasters, pandemics, epidemics or outbreaks of infectious or contagious diseases; our ability to invest in future growth opportunities, or attempt to expand our business in new markets and new ventures, execute our capital expenditure programs at our existing properties and produce future returns; government regulation; the extent to which the laws and regulations of mainland China become applicable to our operations in Macao and Hong Kong; the possibility that economic, political and legal developments in Macao adversely affect our Macao operations, or that there is a change in the manner in which regulatory oversight is conducted in Macao; our subsidiaries' ability to make distribution payments to us; substantial leverage and debt service; fluctuations in currency exchange rates and interest rates; our ability to collect gaming receivables; win rates for our gaming operations; risk of fraud and cheating; competition; tax law changes; political instability, civil unrest, terrorist acts or war; legalization of gaming; insurance; limitations on the transfers of cash to and from our subsidiaries; limitations of the pataca exchange markets; restrictions on the export of the renminbi; and other risks and uncertainties detailed in Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q filed by Las Vegas Sands Corp. with the Securities and Exchange Commission.  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date such statement is made.  Las Vegas Sands Corp. assumes no obligation to update any forward-looking statements and information.

Las Vegas Sands Corp.
Second Quarter 2026 Results
Non-GAAP Financial Measures

Within the company's second quarter 2026 press release, the company makes reference to certain non-GAAP financial measures that supplement the company's consolidated financial information prepared in accordance with GAAP including "adjusted net income (loss)," "adjusted earnings (loss) per diluted share" and "consolidated adjusted property EBITDA," which have directly comparable GAAP financial measures.  The company believes these measures represent important internal measures of financial performance.  Set forth in the financial schedules accompanying this press release and presentations included on the company's website are reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures.  The non-GAAP financial measure disclosure by the company has limitations and should not be considered a substitute for, or superior to, the financial measures prepared in accordance with GAAP.  The definitions of our non-GAAP financial measures and the specific reasons why the company's management believes the presentation of the non-GAAP financial measures provides useful information to investors regarding the company's financial condition, results of operations and cash flows are presented below.

The following non-GAAP financial measures are used by management, as well as industry analysts, to evaluate the company's operations and operating performance.  These non-GAAP financial measures are presented so investors have the same financial data management uses in evaluating financial performance with the belief it will assist the investment community in properly assessing the underlying financial performance of the company on a year-over-year and a quarter sequential basis.

Adjusted net income (loss), which is a non-GAAP financial measure, is net income (loss) attributable to Las Vegas Sands excluding pre-opening expense, development expense, gain or loss on disposal or impairment of assets, gain or loss on modification or early retirement of debt, other income or expense and certain nonrecurring corporate expenses, net of income tax.  Adjusted net income (loss) and adjusted earnings (loss) per diluted share are presented as supplemental disclosures as management believes they are (1) each widely used measures of performance by industry analysts and investors and (2) a principal basis for valuation of Integrated Resort companies, as these non-GAAP financial measures are considered by many as alternative measures on which to base expectations for future results.  These measures also form the basis of certain internal management performance expectations.

Consolidated adjusted property EBITDA, which is a non-GAAP financial measure, is net income (loss) before stock-based compensation expense, corporate expense, pre-opening expense, development expense, depreciation and amortization, amortization of leasehold interests in land, gain or loss on disposal or impairment of assets, interest, other income or expense, gain or loss on modification or early retirement of debt and income taxes.  Management utilizes consolidated adjusted property EBITDA to compare the operating profitability of its operations with those of its competitors, as well as a basis for determining certain incentive compensation.  Integrated Resort companies, including Las Vegas Sands, have historically reported adjusted property EBITDA as a supplemental performance measure to GAAP financial measures.  In order to view the operations of their properties on a more stand-alone basis, Integrated Resort companies, including Las Vegas Sands, have historically excluded certain expenses that do not relate to the management of specific properties, such as pre-opening expense, development expense and corporate expense, from their adjusted property EBITDA calculations.  Consolidated adjusted property EBITDA should not be interpreted as an alternative to income (loss) from operations (as an indicator of operating performance) or to cash flows from operations (as a measure of liquidity), in each case, as determined in accordance with GAAP.  The company has significant uses of cash flow, including capital expenditures, dividend payments, interest payments, debt principal repayments, share repurchases and income tax payments, which are not reflected in consolidated adjusted property EBITDA.  Not all companies calculate adjusted property EBITDA in the same manner.  As a result, consolidated adjusted property EBITDA as presented by Las Vegas Sands may not be directly comparable to similarly titled measures presented by other companies.

Exhibit 1

Las Vegas Sands Corp. and Subsidiaries

Condensed Consolidated Statements of Operations

(In millions, except per share data)

(Unaudited)

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Revenues:

  Casino

$        2,341

$        2,415

$        5,080

$        4,542

  Rooms

359

345

736

669

  Food and beverage

168

147

344

288

  Mall

198

187

402

373

  Convention, retail and other

88

81

177

165

Net revenues

3,154

3,175

6,739

6,037

Operating expenses:

  Resort operations

2,041

1,846

4,208

3,569

  Corporate

74

69

157

142

  Pre-opening

5

9

9

13

  Development

43

69

84

138

  Depreciation and amortization

350

371

707

733

  Amortization of leasehold interests in land

21

20

42

35

Loss on disposal or impairment of assets

2

8

10

15

2,536

2,392

5,217

4,645

Operating income

618

783

1,522

1,392

Other income (expense):

  Interest income

31

42

66

84

  Interest expense, net of amounts capitalized

(189)

(194)

(377)

(368)

Other income (expense)

1

(22)

(2)

(23)

Loss on modification or early retirement of debt

—

—

—

(5)

Income before income taxes

461

609

1,209

1,080

Income tax expense

(88)

(90)

(195)

(153)

Net income

373

519

1,014

927

Net income attributable to noncontrolling interests

(27)

(58)

(101)

(114)

Net income attributable to Las Vegas Sands Corp.

$           346

$           461

$           913

$           813

Earnings per share:

Basic

$          0.53

$          0.66

$          1.38

$          1.15

Diluted

$          0.53

$          0.66

$          1.38

$          1.15

Weighted average shares outstanding:

  Basic

654

695

661

704

  Diluted

656

696

663

704

Exhibit 2

Las Vegas Sands Corp. and Subsidiaries

Net Revenues and Adjusted Property EBITDA

(In millions)

(Unaudited)

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Net Revenues

The Venetian Macao

$        591

$        663

$     1,301

$     1,301

The Londoner Macao

710

642

1,464

1,171

The Parisian Macao

218

194

447

421

The Plaza Macao and Four Seasons Macao

137

194

427

402

Sands Macao

95

71

188

146

Ferry Operations and Other

39

33

77

65

  Macao Operations

1,790

1,797

3,904

3,506

Marina Bay Sands

1,380

1,388

2,867

2,551

Intercompany Royalties

83

67

170

128

Intersegment Eliminations(1)

(99)

(77)

(202)

(148)

$     3,154

$     3,175

$     6,739

$     6,037

Adjusted Property EBITDA

The Venetian Macao

$        165

$        236

$        403

$        461

The Londoner Macao

192

205

415

358

The Parisian Macao

38

44

84

110

The Plaza Macao and Four Seasons Macao

20

66

134

140

Sands Macao

11

9

20

19

Ferry Operations and Other

4

6

7

13

  Macao Operations

430

566

1,063

1,101

Marina Bay Sands

689

768

1,477

1,373

$     1,119

$     1,334

$     2,540

$     2,474

Adjusted Property EBITDA as a Percentage of Net Revenues

The Venetian Macao

27.9 %

35.6 %

31.0 %

35.4 %

The Londoner Macao

27.0 %

31.9 %

28.3 %

30.6 %

The Parisian Macao

17.4 %

22.7 %

18.8 %

26.1 %

The Plaza Macao and Four Seasons Macao

14.6 %

34.0 %

31.4 %

34.8 %

Sands Macao

11.6 %

12.7 %

10.6 %

13.0 %

Ferry Operations and Other

10.3 %

18.2 %

9.1 %

20.0 %

  Macao Operations

24.0 %

31.5 %

27.2 %

31.4 %

Marina Bay Sands

49.9 %

55.3 %

51.5 %

53.8 %

Total

35.5 %

42.0 %

37.7 %

41.0 %

____________________

(1)

Intersegment eliminations include royalties and other intercompany services.

Exhibit 3

Las Vegas Sands Corp. and Subsidiaries

Non-GAAP Financial Measure Reconciliation

(In millions)

(Unaudited)

The following is a reconciliation of Net Income to Consolidated Adjusted Property EBITDA:

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Net income

$           373

$           519

$        1,014

$           927

  Add (deduct):

Income tax expense

88

90

195

153

Loss on modification or early retirement of debt

—

—

—

5

Other (income) expense

(1)

22

2

23

Interest expense, net of amounts capitalized

189

194

377

368

Interest income

(31)

(42)

(66)

(84)

Loss on disposal or impairment of assets

2

8

10

15

Amortization of leasehold interests in land

21

20

42

35

Depreciation and amortization

350

371

707

733

Development expense

43

69

84

138

Pre-opening expense

5

9

9

13

Stock-based compensation(1)

6

5

9

6

Corporate expense

74

69

157

142

Consolidated Adjusted Property EBITDA

$        1,119

$        1,334

$        2,540

$        2,474

____________________

(1)

During the three months ended June 30, 2026 and 2025, the company recorded stock-based compensation expense of $15 million and $17 million, respectively, of which $9 million and $12 million, respectively, was included in corporate expense in the accompanying condensed consolidated statements of operations.

During the six months ended June 30, 2026 and 2025, the company recorded stock-based compensation expense of $39 million and $26 million, respectively, of which $30 million and $20 million, respectively, was included in corporate expense in the accompanying condensed consolidated statements of operations.

Exhibit 4

Las Vegas Sands Corp. and Subsidiaries

Non-GAAP Financial Measure Reconciliation

(In millions, except per share data)

(Unaudited)

The following is a reconciliation of Net Income Attributable to LVS to Adjusted Net Income:

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Net income attributable to LVS

$           346

$           461

$           913

$           813

Pre-opening expense

5

9

9

13

Development expense

43

69

84

138

Loss on disposal or impairment of assets

2

8

10

15

Other (income) expense

(1)

22

2

23

Loss on modification or early retirement of debt

—

—

—

5

Income tax impact on net income adjustments(1)

(11)

(14)

(20)

(28)

Noncontrolling interest impact on net income adjustments

—

(8)

(2)

(11)

Adjusted net income attributable to LVS

$           384

$           547

$           996

$           968

The following is a reconciliation of Net Income per Diluted Share to Adjusted Earnings per Diluted Share:

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Per diluted share of common stock:

Net income attributable to LVS

$          0.53

$          0.66

$          1.38

$          1.15

Pre-opening expense

0.01

0.01

0.01

0.02

Development expense

0.07

0.10

0.13

0.20

Loss on disposal or impairment of assets

—

0.01

0.01

0.02

Other (income) expense

—

0.03

—

0.03

Loss on modification or early retirement of debt

—

—

—

0.01

Income tax impact on net income adjustments

(0.02)

(0.01)

(0.03)

(0.03)

Noncontrolling interest impact on net income adjustments

—

(0.01)

—

(0.02)

Adjusted earnings per diluted share

$          0.59

$          0.79

$          1.50

$          1.38

Weighted average diluted shares outstanding

656

696

663

704

____________________

(1)

The income tax impact for each adjustment is derived by applying the effective tax rate, including current and deferred income tax expense, based upon the jurisdiction and the nature of the adjustment.

Exhibit 5

Las Vegas Sands Corp. and Subsidiaries

Supplemental Data

(In millions)

(Unaudited)

The following reflects the impact on Net Revenues for hold-adjusted win percentage:

Three Months Ended

June 30,

2026

2025

Macao Operations

$          147

$           (11)

Marina Bay Sands(1)

(49)

(102)

$            98

$         (113)

The following reflects the impact on Adjusted Property EBITDA for hold-adjusted win percentage:

Three Months Ended

June 30,

2026

2025

Macao Operations

$            87

$             (7)

Marina Bay Sands(1)

(37)

(80)

$            50

$           (87)

____________________

Note:

These amounts represent the estimated impact of the hold adjustment that would have occurred had the company's Rolling Chip win percentage for the three months ended June 30, 2026 and 2025, equaled 3.3% for the Macao operations and 4.2% and 4.1%, respectively, for Marina Bay Sands. Included are the estimated commissions paid, discounts and other incentives rebated directly or indirectly to customers, gaming taxes and bad debt expense that would have been incurred or avoided.

(1)

Beginning with the three months ended September 30, 2025, we revised our expected hold-adjusted win percentage for Marina Bay Sands to be based on the theoretical hold percentage measured by technology-enabled gaming tables.  Presentation of the prior year period has been revised to be consistent with that methodology.

Exhibit 6

Las Vegas Sands Corp. and Subsidiaries

Supplemental Data

(Unaudited)

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Casino Statistics:

The Venetian Macao:

Table games win per unit per day(1)

$        8,819

$        9,710

$        9,688

$        9,271

Slot machine win per unit per day(2)

$           446

$           305

$           464

$           336

Average number of table games

632

658

635

663

Average number of slot machines

1,396

1,651

1,426

1,667

The Londoner Macao:

Table games win per unit per day(1)

$      14,008

$      11,904

$      14,970

$      11,194

Slot machine win per unit per day(2)

$           718

$           591

$           673

$           506

Average number of table games

523

523

510

509

Average number of slot machines

1,380

1,566

1,418

1,562

The Parisian Macao:

Table games win per unit per day(1)

$        7,819

$        6,850

$        8,403

$        7,552

Slot machine win per unit per day(2)

$           370

$           273

$           369

$           278

Average number of table games

242

228

241

238

Average number of slot machines

1,291

1,412

1,285

1,352

The Plaza Macao and Four Seasons Macao:

Table games win per unit per day(1)

$      14,081

$      19,300

$      21,781

$      20,460

Slot machine win per unit per day(2)

$             —

$            92

$             —

$            99

Average number of table games

116

105

114

105

Average number of slot machines(3)

—

53

2

51

Sands Macao:

Table games win per unit per day(1)

$        6,665

$        5,435

$        6,191

$        5,774

Slot machine win per unit per day(2)

$           276

$           256

$           272

$           246

Average number of table games

121

116

133

114

Average number of slot machines

1,278

761

1,233

779

Marina Bay Sands:

Table games win per unit per day(1)

$      20,156

$      21,003

$      22,491

$      18,928

Slot machine win per unit per day(2)

$        1,086

$        1,052

$        1,050

$           992

Average number of table games

564

539

566

541

Average number of slot machines

2,945

2,959

2,964

2,979

____________________

(1)

Table games win per unit per day is shown before discounts, commissions, deferring revenue associated with the company's loyalty programs and allocating casino revenues related to goods and services provided to patrons on a complimentary basis.

(2)

Slot machine win per unit per day is shown before deferring revenue associated with the company's loyalty programs and allocating casino revenues related to goods and services provided to patrons on a complimentary basis.

(3)

Slot machines were relocated to other properties during the three months ended March 31, 2026.

Exhibit 7

Las Vegas Sands Corp. and Subsidiaries

Supplemental Data

(Unaudited)

Three Months Ended

The Venetian Macao

June 30,

(Dollars in millions)

2026

2025

Change

Revenues:

Casino

$        457

$        524

$       (67)

Rooms

43

50

(7)

Food and beverage

15

15

—

Mall

62

62

—

Convention, retail and other

14

12

2

Net revenues

$        591

$        663

$       (72)

Adjusted Property EBITDA

$        165

$        236

$       (71)

EBITDA Margin %

27.9 %

35.6 %

       (7.7) pts

Gaming Statistics

(Dollars in millions)

Rolling Chip volume

$     1,028

$        859

$      169

Rolling Chip win %(1)

0.62 %

3.57 %

         (2.95) pts

Non-Rolling Chip drop

$     2,452

$     2,348

$      104

Non-Rolling Chip win %

20.4 %

23.5 %

       (3.1) pts

Slot handle

$     1,399

$     1,372

$        27

Slot hold %

4.1 %

3.3 %

      0.8 pts

Hotel Statistics

Occupancy %

98.2 %

98.6 %

       (0.4) pts

Average daily room rate (ADR)

$        197

$        195

$          2

Revenue per available room (RevPAR)

$        194

$        192

$          2

____________________

(1)

This compares to our expected Rolling Chip win percentage of 3.3% (calculated before discounts, commissions, deferring revenue associated with the company's loyalty programs and allocating casino revenues related to goods and services provided to patrons on a complimentary basis).

Las Vegas Sands Corp. and Subsidiaries

Supplemental Data

(Unaudited)

Three Months Ended

The Londoner Macao

June 30,

(Dollars in millions)

2026

2025

Change

Revenues:

Casino

$        548

$        495

$        53

Rooms

100

95

5

Food and beverage

31

27

4

Mall

23

21

2

Convention, retail and other

8

4

4

Net revenues

$        710

$        642

$        68

Adjusted Property EBITDA

$        192

$        205

$       (13)

EBITDA Margin %

27.0 %

31.9 %

       (4.9) pts

Gaming Statistics

(Dollars in millions)

Rolling Chip volume

$     3,523

$     2,090

$   1,433

Rolling Chip win %(1)

3.67 %

4.09 %

         (0.42) pts

Non-Rolling Chip drop

$     2,584

$     2,196

$      388

Non-Rolling Chip win %

20.8 %

21.9 %

       (1.1) pts

Slot handle

$     2,227

$     2,114

$      113

Slot hold %

4.0 %

4.0 %

     — pts

Hotel Statistics

Occupancy %

96.7 %

93.3 %

      3.4 pts

Average daily room rate (ADR)

$        262

$        259

$          3

Revenue per available room (RevPAR)

$        254

$        242

$        12

____________________

(1)

This compares to our expected Rolling Chip win percentage of 3.3% (calculated before discounts, commissions, deferring revenue associated with the company's loyalty programs and allocating casino revenues related to goods and services provided to patrons on a complimentary basis).

Las Vegas Sands Corp. and Subsidiaries

Supplemental Data

(Unaudited)

Three Months Ended

The Parisian Macao

June 30,

(Dollars in millions)

2026

2025

Change

Revenues:

Casino

$        165

$        143

$        22

Rooms

32

34

(2)

Food and beverage

14

11

3

Mall

5

5

—

Convention, retail and other

2

1

1

Net revenues

$        218

$        194

$        24

Adjusted Property EBITDA

$         38

$          44

$         (6)

EBITDA Margin %

17.4 %

22.7 %

       (5.3) pts

Gaming Statistics

(Dollars in millions)

Rolling Chip volume

$        169

$          —

$      169

Rolling Chip win %(1)

(2.26) %

— %

     — pts

Non-Rolling Chip drop

$        816

$        663

$      153

Non-Rolling Chip win %

21.6 %

21.4 %

      0.2 pts

Slot handle

$     1,302

$        872

$      430

Slot hold %

3.3 %

4.0 %

       (0.7) pts

Hotel Statistics

Occupancy %

97.4 %

99.2 %

       (1.8) pts

Average daily room rate (ADR)

$        141

$        147

$        (6)

Revenue per available room (RevPAR)

$        138

$        146

$        (8)

____________________

(1)

This compares to our expected Rolling Chip win percentage of 3.3% (calculated before discounts, commissions, deferring revenue associated with the company's loyalty programs and allocating casino revenues related to goods and services provided to patrons on a complimentary basis).

Las Vegas Sands Corp. and Subsidiaries

Supplemental Data

(Unaudited)

Three Months Ended

The Plaza Macao and Four Seasons Macao

June 30,

(Dollars in millions)

2026

2025

Change

Revenues:

Casino

$         59

$        122

$       (63)

Rooms

28

28

—

Food and beverage

8

7

1

Mall

41

37

4

Convention, retail and other

1

—

1

Net revenues

$        137

$        194

$       (57)

Adjusted Property EBITDA

$         20

$         66

$       (46)

EBITDA Margin %

14.6 %

34.0 %

         (19.4) pts

Gaming Statistics

(Dollars in millions)

Rolling Chip volume

$     2,824

$     1,399

$   1,425

Rolling Chip win %(1)

(1.15) %

2.72 %

         (3.87) pts

Non-Rolling Chip drop

$        839

$        655

$      184

Non-Rolling Chip win %

21.6 %

22.3 %

       (0.7) pts

Slot handle

$          —

$         19

$       (19)

Slot hold %

— %

2.3 %

     — pts

Hotel Statistics

Occupancy %

95.1 %

92.1 %

      3.0 pts

Average daily room rate (ADR)

$        507

$        502

$          5

Revenue per available room (RevPAR)

$        482

$        462

$        20

____________________

(1)

This compares to our expected Rolling Chip win percentage of 3.3% (calculated before discounts, commissions, deferring revenue associated with the company's loyalty programs and allocating casino revenues related to goods and services provided to patrons on a complimentary basis).

Las Vegas Sands Corp. and Subsidiaries

Supplemental Data

(Unaudited)

Three Months Ended

Sands Macao

June 30,

(Dollars in millions)

2026

2025

Change

Revenues:

Casino

$         88

$         63

$        25

Rooms

5

4

1

Food and beverage

2

3

(1)

Convention, retail and other

—

1

(1)

Net revenues

$         95

$         71

$        24

Adjusted Property EBITDA

$         11

$           9

$          2

EBITDA Margin %

11.6 %

12.7 %

       (1.1) pts

Gaming Statistics

(Dollars in millions)

Rolling Chip volume

$         26

$         23

$          3

Rolling Chip win %(1)

11.78 %

5.60 %

        6.18 pts

Non-Rolling Chip drop

$        497

$        389

$      108

Non-Rolling Chip win %

14.2 %

14.4 %

       (0.2) pts

Slot handle

$     1,526

$        589

$      937

Slot hold %

2.1 %

3.0 %

       (0.9) pts

Hotel Statistics

Occupancy %

99.4 %

99.4 %

     — pts

Average daily room rate (ADR)

$        162

$        176

$       (14)

Revenue per available room (RevPAR)

$        161

$        175

$       (14)

____________________

(1)

This compares to our expected Rolling Chip win percentage of 3.3% (calculated before discounts, commissions, deferring revenue associated with the company's loyalty programs and allocating casino revenues related to goods and services provided to patrons on a complimentary basis).

Las Vegas Sands Corp. and Subsidiaries

Supplemental Data

(Unaudited)

Three Months Ended

Marina Bay Sands

June 30,

(Dollars in millions)

2026

2025

Change

Revenues:

Casino

$     1,024

$     1,068

$       (44)

Rooms

151

134

17

Food and beverage

98

84

14

Mall

67

62

5

Convention, retail and other

40

40

—

Net revenues

$     1,380

$     1,388

$         (8)

Adjusted Property EBITDA

$        689

$        768

$       (79)

EBITDA Margin %

49.9 %

55.3 %

       (5.4) pts

Gaming Statistics

(Dollars in millions)

Rolling Chip volume

$     9,269

$     8,945

$      324

Rolling Chip win %(1)

4.74 %

5.26 %

         (0.52) pts

Non-Rolling Chip drop

$     2,597

$     2,360

$      237

Non-Rolling Chip win %

22.9 %

23.7 %

       (0.8) pts

Slot handle

$     6,382

$     6,192

$      190

Slot hold %

4.6 %

4.6 %

     — pts

Hotel Statistics

Occupancy %

95.6 %

95.0 %

      0.6 pts

Average daily room rate (ADR)

$        982

$        888

$        94

Revenue per available room (RevPAR)

$        939

$        844

$        95

____________________

(1)

This compares to our theoretical Rolling Chip win percentage of 4.2% and 4.1% for the three months ended June 30, 2026 and 2025, respectively (calculated before discounts, commissions, deferring revenue associated with the company's loyalty programs and allocating casino revenues related to goods and services provided to patrons on a complimentary basis).

Beginning with the three months ended September 30, 2025, we revised our expected hold-adjusted win percentage for Marina Bay Sands to be based on the theoretical hold percentage measured by technology-enabled gaming tables.

Las Vegas Sands Corp. and Subsidiaries

Supplemental Data - Asian Retail Mall Operations

(Unaudited)

For the Three Months Ended June 30, 2026

TTM

June 30,
2026

(Dollars in millions except per square foot data)

Gross
Revenue(1)

Operating
Profit

Operating
Profit
Margin

Gross
Leasable
Area (sq. ft.)

Occupancy
% at End
of Period

Tenant Sales
Per Sq. Ft.(2)

Shoppes at Venetian

$           62

$         55

88.7 %

829,874

89.3 %

$          2,161

Shoppes at Four Seasons

Luxury Retail

29

27

93.1 %

161,025

100.0 %

5,670

Other Stores

12

11

91.7 %

94,292

78.7 %

2,115

41

38

92.7 %

255,317

92.1 %

4,650

Shoppes at Londoner

23

19

82.6 %

518,122

75.9 %

1,886

Shoppes at Parisian

5

3

60.0 %

253,784

66.4 %

428

Total Cotai Strip in Macao

131

115

87.8 %

1,857,097

82.8 %

2,331

The Shoppes at Marina Bay Sands

67

61

91.0 %

616,028

100.0 %

3,279

Total

$         198

$       176

88.9 %

2,473,125

87.1 %

$          2,608

____________________

Note:

This table excludes the results of our retail outlets at Sands Macao.

(1)

Gross revenue figures are net of intersegment revenue eliminations.

(2)

Tenant sales per square foot reflect sales from tenants only after the tenant has been open for a period of 12 months.

SOURCE Las Vegas Sands Corp.

Gold prices fell in Philippines on Thursday, according to data compiled by FXStreet.

The price for Gold stood at 8,183.76 Philippine Pesos (PHP) per gram, down compared with the PHP 8,202.99 it cost on Wednesday.

The price for Gold decreased to PHP 95,456.16 per tola from PHP 95,678.09 per tola a day earlier.

Unit measure

Gold Price in PHP

1 Gram

8,183.76

10 Grams

81,839.94

Tola

95,456.16

Troy Ounce

254,542.80

FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

(An automation tool was used in creating this post.)

Coinbase, the Blockchain Association and the DeFi Education Fund urged the Senate to pass the 616-page merged draft, while Sen. Angela Alsobrooks called its DOJ-led ethics enforcement "wild and unserious and stone-cold crazy."

Crypto executives and policy groups called on the Senate to move quickly after Senate Republicans released updated text of the Digital Asset Market Clarity Act on July 22, while key Democrats attacked the draft's approach to policing crypto conflicts of interest among government officials, the dispute most likely to determine whether the bill reaches 60 votes before the August recess.

Senate Banking Digital Assets Subcommittee Chair Cynthia Lummis released the updated text, which merges the versions passed by the Banking and Agriculture Committees into a single bill. The full text runs 616 pages, according to Fox Business alum and Crypto in America host Eleanor Terrett, who reported the release followed stakeholder briefing calls earlier in the day.

"This is another step in my years-long journey to ensure the U.S. leads the way on digital assets," Lummis said in the statement. "The coming weeks are likely the last real chance we will have for years to get this right." She added a commitment "to reaching a deal in the coming days that will allow this legislation to become law."

The Clarity Act, which cleared the Senate Banking Committee 15-9 in May, would split digital asset oversight between the SEC and the CFTC. Senate Majority Leader John Thune intends to move to floor action in the coming days before the summer recess, his office told CoinDesk.

Coinbase: "Let's Finish This"Coinbase CEO Brian Armstrong posted on X that the bill is "ready for a full Senate floor vote."

"The bill represents a true bipartisan compromise with thousands of hours of work on both sides, and it couldn't come at a better time," Armstrong wrote. "There's no federal framework, so bad actors like FTX can harm U.S. customers and much of the industry has gone offshore totally outside U.S. purview."

He said Stand With Crypto members have sent 950,000 messages to members of Congress, and cited polling he said shows 70% of American voters want comprehensive crypto legislation.

Coinbase Chief Policy Officer Faryar Shirzad thanked Senators Tim Scott, Lummis and John Boozman, writing that "while the industry did not get everything it wanted, this bill is an extraordinary achievement and strikes the right balance." In a thread, Shirzad highlighted 1:1 customer asset segregation rules, federal AML standards, and ethics language that he said covers the president and vice president "for the first time ever."

Blockchain Association CEO Summer Mersinger said in a statement the text "reflects years of work and a major step toward clear rules, strong consumer protections, robust ethics provisions, and continued U.S. leadership in digital assets," adding the group is "reviewing the text closely."

DeFi Developer Protections SurviveThe DeFi Education Fund, which has pressed for developer protections throughout the negotiations, said the Blockchain Regulatory Certainty Act section is unchanged, meaning non-custodial developers won't be treated as money transmitters. Developer protections under the Exchange Act and Commodity Exchange Act remain, as does the self-custody provision known as the Keep Your Coins Act.

The group counted 25 sections related to sanctions and anti-money laundering, including a new Title IX on law enforcement tools added in response to concerns from law enforcement groups.

"At first glance, this title appears to be smart regulation that will provide law enforcement with appropriate tools without overregulating software developers," the group wrote.

Ethics Section Remains the FlashpointAccording to Terrett, the ethics package was negotiated between the White House and GOP Senators Lummis and Bernie Moreno without Democratic sign-off. It bans the president, vice president, members of Congress, federal judges and their spouses from issuing or sponsoring digital assets for compensation while in office, with a sunset date of Jan. 20, 2029. Covered officials would have to sell crypto holdings or place them in a blind trust, and the Department of Justice would get civil enforcement authority, including the ability to sue exchanges that knowingly list prohibited tokens.

Democrats zeroed in on the DOJ's role. Speaking at a briefing event, Maryland Democrat Angela Alsobrooks called the enforcement proposal "wild and unserious and stone-cold crazy," according to Semafor reporter Eleanor Mueller. "We must empower state-level attorneys general. … It's an absolute that we cannot completely rely on the DOJ given what we've seen," Alsobrooks said.

Texas Republican John Cornyn told Mueller he shares some of law enforcement and banks' concerns over the text and is "diving in … to see if they can be addressed," adding it is "premature" to say whether he would vote against the bill: "We're just getting started."

Moreno pushed back on Democratic criticism, writing that "this ethics provision breaks new ground as the most powerful ethics language in US history," and calling for the bill to get a floor vote.

Clock Running DownThe bill needs at least seven Democratic votes to clear the Senate's 60-vote threshold, a math problem that has hung over the effort for weeks. The Senate leaves for its summer recess in roughly two weeks, and the first week of August is widely viewed as the last window for passage this year, with lawmakers focused on midterm elections after September.

VerusCoin's Ethereum bridge was hacked, with around $7.53 million in assets transferred out.

According to CertiK Alert monitoring, a security vulnerability attack has targeted VerusCoin’s Ethereum bridge, with attackers transferring approximately $7.53 million in assets. CertiK noted that the vulnerability likely stems from the bridge contract’s failure to properly verify whether the input amount from the Verus chain side matches the actual payment amount — a similar issue that occurred in an incident back in May.

5 minutes ago

F2Pool co-founder Chun Wang has deposited ETH and WBTC worth approximately $15.6 million to Binance.

Per Onchain Lens monitoring, Chun Wang (@satofishi), co-founder of F2Pool, deposited 6,009 ETH (valued at approximately $11.56 million) and 62.31 WBTC (worth around $4.09 million) into Binance, with a total value of roughly $15.6 million. The assets were sourced from withdrawals from Spark Fi, unstaking ETH from Lido Finance, and converting WETH to WBTC via CoW Swap.

5 minutes ago

Intel and AMD are reportedly signing long-term server CPU procurement agreements with Chinese clients, with some products seeing price hikes of over 40% this year.

According to Reuters, driven by the boom in AI data center construction, Intel and AMD are signing longer-term server CPU procurement agreements with Chinese server clients, with some terms exceeding two years to lock in purchasing volumes, though prices are generally not fixed. The report notes that demand for AI infrastructure has expanded from GPUs to areas including server CPUs, storage, networking equipment and memory. Some Chinese server CPU products have seen prices rise by over 40% year-to-date, with monthly increases for certain products exceeding 10%. Earlier, Reuters reported that the delivery cycle for some of Intel’s Xeon server CPUs has extended to up to six months.

5 minutes ago

Binance will suspend trading on July 25 for system upgrades.

According to an official announcement, Binance will support its partner brokers in carrying out a scheduled system upgrade, during which its stock trading service will be suspended from 10:50 to 14:00 UTC on July 25. Users will not be able to submit stock trading orders during the upgrade period. Binance stated that the upgrade is scheduled outside regular U.S. stock trading hours, and the service is expected to automatically resume after the upgrade is completed. The exact resumption time may be earlier or later than the planned window, so users are advised to arrange their relevant trading activities in advance.

5 minutes ago

Yesterday, Bitcoin spot ETFs recorded a net inflow of $69.1 million, while Ethereum spot ETFs saw a net inflow of $72.7 million.

According to data from Farside Investors, U.S. spot Bitcoin ETFs logged a total net inflow of $69.1 million yesterday. BlackRock’s IBIT led with a $38.8 million net inflow, followed by Fidelity’s FBTC at $21.5 million, Bitwise’s BITB at $5.4 million, and MSBT at $3.8 million. Grayscale’s GBTC, however, saw a net outflow of $38.3 million, while all other products had zero net flow. In the same period, U.S. spot Ethereum ETFs posted a total net inflow of $72.7 million: BlackRock’s ETHA took in $53.5 million, Fidelity’s FETH added $19.2 million, and all other products recorded no net flow.

5 minutes ago

The MOVE token is trading more than 99% below its all-time high of $1.45 and hit an all-time low barely two days ago.

Movement Labs has filed for Chapter 11 insolvency protection in the U.S. Bankruptcy Court of Delaware.

This follows months of controversy and a token scandal that left the network dealing with major financial issues.

Movement’s Bankruptcy Timeline In its bankruptcy filing, the company said it has under 1,000 creditors, between $100,000 and $500,000 in assets, and more than $1 million in liabilities. The largest unsecured claim, worth more than $1.6 million, belongs to former co-founder Ruhikesh Manche. Other major creditors are the Delaware Division of Revenue and Anchorage Digital.

The firm’s problems started in December 2024, after it launched its MOVE token. But shortly after its debut on Binance, some $66 million worth of the tokens were dumped onto the market as part of a market-making deal with Rentech. This sudden increase in supply led to its price tumbling and wiped out billions of dollars in value within days.

Binance later banned Rentech for misconduct, accusing it of selling the entire stash just one day after the listing while placing very few buy orders. According to the exchange, the market maker earned a profit of $38 million before it removed it from its platform on March 18.

Movement then launched a token buyback program in response to repurchase MOVE tokens and restore liquidity to the ecosystem. It also contracted Groom Lake to review its deal with Rentech, after which it was discovered that it had ties to the Chinese market maker Web3Port, ultimately leading to the dismissal of Manche over the scandal.

Per the bankruptcy filing, the first creditor hearing is scheduled for August 20.

You may also like: Crypto Lender BlockFills Enters Chapter 11 with Up to $500M in Liabilities From $141M to $8 in Daily Fees Interestingly, Movement had raised a total of $141.4 million across several funding rounds, including a Series A led by Polychain Capital. On paper, that level of funding should have provided the project with some financial stability, but the network’s on-chain activity tells a different story.

DeFiLlama data shows its daily app revenue has been less than $800 since November 2025. The project’s chain fees have also stayed in the single digits for months, with returns for the last 24 hours at just $8 per the same source.

MOVE hit a new all-time low on July 20, after a stormy few months where it went from about $0.041 in January to $0.01043 two days ago. At the time of writing, it had moved less than 2% from the all-time low, with its new level representing a plunge of over 99% from its all-time high of $1.45, according to CoinGecko data. Meanwhile, the network’s Total Value locked (TVL) sits at roughly $133 million.

Movement was originally made to link blockchains built on its Move programming language with Ethereum. But the layer-2 network announced in June that it would be pivoting toward cross-border payments, remittances, and dollar-saving products.

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Gold prices fell in United Arab Emirates on Thursday, according to data compiled by FXStreet.

The price for Gold stood at 486.74 United Arab Emirates Dirhams (AED) per gram, down compared with the AED 487.68 it cost on Wednesday.

The price for Gold decreased to AED 5,677.20 per tola from AED 5,688.26 per tola a day earlier.

Unit measure

Gold Price in AED

1 Gram

486.74

10 Grams

4,867.37

Tola

5,677.20

Troy Ounce

15,139.22

FXStreet calculates Gold prices in United Arab Emirates by adapting international prices (USD/AED) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

(An automation tool was used in creating this post.)

VerusCoin's Ethereum bridge was hacked, with around $7.53 million in assets transferred out.

According to CertiK Alert monitoring, a security vulnerability attack has targeted VerusCoin’s Ethereum bridge, with attackers transferring approximately $7.53 million in assets. CertiK noted that the vulnerability likely stems from the bridge contract’s failure to properly verify whether the input amount from the Verus chain side matches the actual payment amount — a similar issue that occurred in an incident back in May.

1 seconds ago

F2Pool co-founder Chun Wang has deposited ETH and WBTC worth approximately $15.6 million to Binance.

Per Onchain Lens monitoring, Chun Wang (@satofishi), co-founder of F2Pool, deposited 6,009 ETH (valued at approximately $11.56 million) and 62.31 WBTC (worth around $4.09 million) into Binance, with a total value of roughly $15.6 million. The assets were sourced from withdrawals from Spark Fi, unstaking ETH from Lido Finance, and converting WETH to WBTC via CoW Swap.

1 seconds ago

Intel and AMD are reportedly signing long-term server CPU procurement agreements with Chinese clients, with some products seeing price hikes of over 40% this year.

According to Reuters, driven by the boom in AI data center construction, Intel and AMD are signing longer-term server CPU procurement agreements with Chinese server clients, with some terms exceeding two years to lock in purchasing volumes, though prices are generally not fixed. The report notes that demand for AI infrastructure has expanded from GPUs to areas including server CPUs, storage, networking equipment and memory. Some Chinese server CPU products have seen prices rise by over 40% year-to-date, with monthly increases for certain products exceeding 10%. Earlier, Reuters reported that the delivery cycle for some of Intel’s Xeon server CPUs has extended to up to six months.

1 seconds ago

Binance will suspend trading on July 25 for system upgrades.

According to an official announcement, Binance will support its partner brokers in carrying out a scheduled system upgrade, during which its stock trading service will be suspended from 10:50 to 14:00 UTC on July 25. Users will not be able to submit stock trading orders during the upgrade period. Binance stated that the upgrade is scheduled outside regular U.S. stock trading hours, and the service is expected to automatically resume after the upgrade is completed. The exact resumption time may be earlier or later than the planned window, so users are advised to arrange their relevant trading activities in advance.

1 seconds ago

Yesterday, Bitcoin spot ETFs recorded a net inflow of $69.1 million, while Ethereum spot ETFs saw a net inflow of $72.7 million.

According to data from Farside Investors, U.S. spot Bitcoin ETFs logged a total net inflow of $69.1 million yesterday. BlackRock’s IBIT led with a $38.8 million net inflow, followed by Fidelity’s FBTC at $21.5 million, Bitwise’s BITB at $5.4 million, and MSBT at $3.8 million. Grayscale’s GBTC, however, saw a net outflow of $38.3 million, while all other products had zero net flow. In the same period, U.S. spot Ethereum ETFs posted a total net inflow of $72.7 million: BlackRock’s ETHA took in $53.5 million, Fidelity’s FETH added $19.2 million, and all other products recorded no net flow.

1 seconds ago

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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Jim Cramer Eyes Ex-Bitcoin Miner’s AI Power Pivot as Hedge Fund Bets Big

VerusCoin's Ethereum bridge was hacked, with around $7.53 million in assets transferred out.

According to CertiK Alert monitoring, a security vulnerability attack has targeted VerusCoin’s Ethereum bridge, with attackers transferring approximately $7.53 million in assets. CertiK noted that the vulnerability likely stems from the bridge contract’s failure to properly verify whether the input amount from the Verus chain side matches the actual payment amount — a similar issue that occurred in an incident back in May.

1 seconds ago

F2Pool co-founder Chun Wang has deposited ETH and WBTC worth approximately $15.6 million to Binance.

Per Onchain Lens monitoring, Chun Wang (@satofishi), co-founder of F2Pool, deposited 6,009 ETH (valued at approximately $11.56 million) and 62.31 WBTC (worth around $4.09 million) into Binance, with a total value of roughly $15.6 million. The assets were sourced from withdrawals from Spark Fi, unstaking ETH from Lido Finance, and converting WETH to WBTC via CoW Swap.

1 seconds ago

Intel and AMD are reportedly signing long-term server CPU procurement agreements with Chinese clients, with some products seeing price hikes of over 40% this year.

According to Reuters, driven by the boom in AI data center construction, Intel and AMD are signing longer-term server CPU procurement agreements with Chinese server clients, with some terms exceeding two years to lock in purchasing volumes, though prices are generally not fixed. The report notes that demand for AI infrastructure has expanded from GPUs to areas including server CPUs, storage, networking equipment and memory. Some Chinese server CPU products have seen prices rise by over 40% year-to-date, with monthly increases for certain products exceeding 10%. Earlier, Reuters reported that the delivery cycle for some of Intel’s Xeon server CPUs has extended to up to six months.

1 seconds ago

Binance will suspend trading on July 25 for system upgrades.

According to an official announcement, Binance will support its partner brokers in carrying out a scheduled system upgrade, during which its stock trading service will be suspended from 10:50 to 14:00 UTC on July 25. Users will not be able to submit stock trading orders during the upgrade period. Binance stated that the upgrade is scheduled outside regular U.S. stock trading hours, and the service is expected to automatically resume after the upgrade is completed. The exact resumption time may be earlier or later than the planned window, so users are advised to arrange their relevant trading activities in advance.

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Yesterday, Bitcoin spot ETFs recorded a net inflow of $69.1 million, while Ethereum spot ETFs saw a net inflow of $72.7 million.

According to data from Farside Investors, U.S. spot Bitcoin ETFs logged a total net inflow of $69.1 million yesterday. BlackRock’s IBIT led with a $38.8 million net inflow, followed by Fidelity’s FBTC at $21.5 million, Bitwise’s BITB at $5.4 million, and MSBT at $3.8 million. Grayscale’s GBTC, however, saw a net outflow of $38.3 million, while all other products had zero net flow. In the same period, U.S. spot Ethereum ETFs posted a total net inflow of $72.7 million: BlackRock’s ETHA took in $53.5 million, Fidelity’s FETH added $19.2 million, and all other products recorded no net flow.

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A big crypto bill just cleared another step. It’s called the Clarity Act, and it’s now ready for a vote in front of the whole Senate. The Clarity Act is 616 pages long. It sets rules for digital assets like Bitcoin and other crypto tokens. Right now, the U.S. has no clear federal rulebook for crypto and this bill would create one.

Under the bill, the CFTC would oversee most crypto tokens. The SEC would still handle tokens that act more like securities, such as company stock. The bill also adds rules to fight money laundering, protect everyday users, and set clear steps for what happens if a crypto company goes bankrupt.

The bill already passed the House back in July 2025. It passed the Senate Banking Committee in May 2026. Now it’s waiting for a vote from the full Senate.

Why Supporters Want It Passed

Coinbase CEO Brian Armstrong said the bill is the result of thousands of hours of work from both political parties. He said the current lack of rules lets bad actors, like the collapsed exchange FTX, hurt everyday customers. Without clear laws, he said, much of the crypto industry has moved offshore, outside U.S. oversight.

Ripple’s chief legal officer, Stuart Alderoty, called the bill a consumer protection measure. He said it adds real tools for law enforcement and state officials to go after bad actors. Ripple CEO Brad Garlinghouse backed the bill too, saying it doesn’t need to be perfect to be worth passing.

The Clarity Act is ready for a full Senate floor vote.

The bill represents a true bipartisan compromise with thousands of hours of work on both sides, and it couldn't come at a better time. The status quo in the U.S. isn't working. There's no federal framework, so bad actors… pic.twitter.com/8HQvp8iSrw

— Brian Armstrong (@brian_armstrong) July 22, 2026 Supporters also point to public opinion. They cite polling showing most American voters think Congress should have passed crypto rules by now.

Where the Pushback Is Coming From

Not everyone is on board. Some Democrats in the Senate say they oppose the current draft. Reports indicate they are still negotiating with Republicans to try to reach a deal that can pass.

Some critics say the bill’s ethics rules don’t go far enough, since they aren’t enforceable by state attorneys general. Others argue the ethics provisions should have addressed past crypto activity by officials, not just future conduct. Supporters of the bill respond that neither complaint holds up. They say no current federal ethics law is enforced by state attorneys general, and that penalizing past conduct would raise constitutional problems.

What Happens Next

Backers of the bill are pushing to get a vote done before Congress leaves for its August recess. Whether that timeline holds depends on whether Senate Democrats and Republicans can agree on a final version soon.

Story Ends Here

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Table of contents

Public financial companies are significantly adopting Bitcoin ($BTC), with 1,201,521 $BTC (nearly $79.02B) in total holdings of the top 151 firms. This marks a notable landmark in the inclusion of digital assets within conventional finance, as Bitcoin dominates 5.72% of public companies’ holdings.

As per the data from Phoenix Group, Strategy, Twenty One Capital, and Marathon Digital Holdings are the top public entities in line with Bitcoin ($BTC) holdings. Additionally, the other names on the list include Metaplanet, Bullish, Strive, Galaxy Digital Holdings, Hut 8 Corp, Riot Platforms, and Coinbase.

BITCOIN HOLDINGS BY PUBLIC COMPANIES

Public companies continue to expand their Bitcoin holdings, solidifying cryptocurrency's role in traditional financial markets. With industry leaders like #Strategy holding substantial amounts, the total $BTC reserved by these firms now… pic.twitter.com/hr3PZffEWh

— PHOENIX – Crypto News & Analytics (@pnxgrp) July 22, 2026 Strategy ($MSTR) Dominates Public Companies in Terms of Bitcoin Holdings with $55.49B The top name on the list of prominent public companies based on Bitcoin ($BTC) holdings is Strategy ($MSTR). The company accounts for up to 843,775 $BTC, denoting $55.49B in total value. After that, Twenty One Capital ($XXI) has become the 2nd biggest platform among the public platforms. Specifically, it has a total of 37,229 $BTC, equaling $2.45B.

Apart from that, Marathon Digital Holdings ($MARA) is the 3rd top public company when it comes to Bitcoin ($BTC) holdings. Thus, it has a cumulative amount of nearly 35,303 $BTC, accounting for $2.32B. In addition to this, Metaplanet ($3350) is another notable name on the list, occupying 35,102 $BTC (almost $2.31B).

Galaxy Digital Holdings ($GLXY), Hut 8 Corp ($HUT), Riot Platforms ($RIOT), and Coinbase ($COIN) Bottom List Bullish ($BLSH) is another renowned public entity when it comes to Bitcoin ($BTC) holdings. Particularly, it has a total of 24,340 $BTC in its Bitcoin holdings, reaching $1.60B. Then comes Strive ($ASST), which has 19,864 $BTC. This figure is reportedly equivalent to $1.31B. Additionally, Galaxy Digital Holdings ($GLXY) holds 17,102 $BTC in its holdings, hitting $1.12B.

According to Phoenix Group, the next public company on the list is Hut 8 Corp ($HUT). Its overall Bitcoin holdings include 15,679 $BTC (nearly $1.03B). Moving on, the 9th top public firm in terms of Bitcoin ($BTC) holdings is Riot Platforms ($RIOT) with 15, 679 $BTC, reaching $1.03B. Ultimately, Coinbase ($COIN) concludes the list with its Bitcoin holdings reaching 14,458 ($950.86M).

AUTHOR

Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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Litecoin [LTC] is preparing to introduce smart contracts through LitVM, an EVM-compatible layer-2 that extends the network without changing its base layer.

Rather than modifying Litecoin’s base layer, LitVM will be executing transactions off-chain before settling them back on Layer-1. As a result, it will be preserving the network’s established security model.

Meanwhile, the LiteForge public testnet has already processed over 140 million transactions across 11 million addresses. The milestone suggests that the developers have been actively exploring the network.

Source: X Still, according to DeFiLlama data, Litecoin’s DeFi ecosystem holds only $700,000 in total value locked. This implies that the application growth is yet to match technical progress.

That gap indicates LitVM’s architecture expands Litecoin’s capabilities. Even though broader ecosystem activity must grow before those technical advantages translate into meaningful network utility.

LiteForge gains traction before mainnet As the LitVM mainnet launch closes in, attention is now shifting to LiteForge’s testnet. Since April 2026, LiteForge has attracted over 4.4 million wallets and processed well over 63 million transactions.

Source: Business Insider Those figures indicate strong participation, although testnets often experience elevated activity from experimentation and incentives. Moreover, DeFi applications, AI agents, and cross-chain tools show developers are testing Litecoin’s expanded functionality.

Can LitVM deliver for Litecoin? As LitVM moves closer to mainnet, attention shifts from early participation to its potential impact on Litecoin’s broader economy. If deployment succeeds, LTC could expand beyond payments by serving as a gas token, collateral asset, liquidity source, settlement layer, and yield-generating asset.

Those additional functions would diversify network demand instead of relying mainly on transaction payments. However, the Q4 2026 launch remains a development target rather than a fixed milestone.

Moreover, smart contracts and cross-chain bridges introduce new security risks that require rigorous audits before large-scale adoption. Even then, technical readiness alone may not sustain growth without active developers, committed liquidity, and consistent user participation.

Investors should therefore monitor mainnet progress, bridge security, and ecosystem capital after launch. Together, those indicators will better reveal whether LitVM creates lasting economic value for Litecoin rather than simply adding new technical features.

Final Summary Litecoin expands beyond payments through LitVM, strengthening its long-term utility. However, LTC faced its biggest test as LitVmoved toward their mainnet.