New York, New York--(Newsfile Corp. - July 22, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of The Ensign Group, Inc. (NASDAQ: ENSG) resulting from allegations that Ensign may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased Ensign securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/cases/the-ensign-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
WHAT IS THIS ABOUT: On June 8, 2026, Investing.com published an article entitled "Ensign Group stock tumbles after short seller report." The article stated that Ensign shares fell after "short seller Hunterbrook released a report alleging the nursing home operator's business model relies on inadequate patient care and gaming quality metrics." Further, the article stated that Hunterbrook "published findings from a five-month investigation claiming the company's profits depend on understaffing facilities while routing taxpayer dollars to executives and affiliates. The report alleges patients have suffered and died as a result."
On this news, Ensign's shares fell 8.15% on June 8, 2026.
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 litigate securities class actions. 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.
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/306166
Source: The Rosen Law Firm PA
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, /PRNewswire/ -- The American Water Charitable Foundation, a 501(c)(3) organization established by American Water, the largest regulated water and wastewater utility company in the U.S., has announced that Big Sur Land Trust was awarded a Water and Environment grant. Big Sur Land Trust will use the funds to improve hiking trails and stewarded lands, resulting in improved coastal access.
"Receiving this grant from the American Water Charitable Foundation is truly transformative for our organization," said Sarah Digness, Institutional Giving Manger for the Big Sur Land Trust, "With this support, we can expand our efforts to protect local waterways and engage even more community members in environmental stewardship. We are grateful for the Foundation's commitment to making a lasting impact across California."
Improving hiking trails with grant funding will make outdoor access safer and more welcoming for residents and visitors, supporting healthier lifestyles and stronger community connection to local open spaces. Well-maintained trails also reduce erosion and protect nearby waterways and habitat by keeping hikers on durable routes and minimizing sediment runoff.
"We're proud to support Big Sur Land Trust's work to improve coastal access and protect the watersheds that sustain this region," said Josh Stratton of California American Water. "Investing in trail improvements helps keep people safely connected to the outdoors while promoting long-term environmental stewardship."
Cal Am and the Big Sur Land Trust partnership is supporting the community, because better trail conditions can boost local businesses and tourism by encouraging more people to explore the region year-round.
About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 18 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders. For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.
About California American Water
California American Water, a subsidiary of American Water (NYSE: AWK) with approximately 300 dedicated employees, provides safe, clean, reliable and affordable water and wastewater services to approximately 720,000 people.
AppLovin (APP - Free Report) ended the recent trading session at $412.48, demonstrating a -3.78% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.14%. Meanwhile, the Dow experienced a drop of 0.01%, and the technology-dominated Nasdaq saw a decrease of 0.57%.
Shares of the mobile app technology company witnessed a loss of 8.21% over the previous month, trailing the performance of the Business Services sector with its gain of 4.1%, and the S&P 500's gain of 0.25%.
Market participants will be closely following the financial results of AppLovin in its upcoming release. The company plans to announce its earnings on August 5, 2026. The company is expected to report EPS of $3.72, up 64.6% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $1.94 billion, indicating a 53.99% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $15.93 per share and a revenue of $8.24 billion, indicating changes of +58.67% and +41.98%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for AppLovin. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.28% decrease. Right now, AppLovin possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, AppLovin is holding a Forward P/E ratio of 26.92. Its industry sports an average Forward P/E of 16.41, so one might conclude that AppLovin is trading at a premium comparatively.
One should further note that APP currently holds a PEG ratio of 0.7. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Technology Services industry had an average PEG ratio of 1.44 as trading concluded yesterday.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 98, placing it within the top 40% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Constellation Energy (CEG +4.66%) stock was true to its name on Wednesday, as investors energetically traded it almost 5% higher. This was part of a broader rally in nuclear stocks, on the back of a splashy deal signed between the U.S. government and a key ally, plus reports of a new top-down initiative to spur power plant build-outs in this country.
The Saudi deal The Trump administration announced Wednesday that it had signed a long-term deal to help develop nuclear technology with Saudi Arabia. The 30-year pact formalizes nuclear cooperation between the two nations and pushes several U.S. energy companies into leading roles in build-outs in the strategic Middle Eastern country.
Image source: Getty Images.
It's important to note that Constellation isn't likely to be one of the main companies involved in the work, as its concentration is on domestic energy generation. Yet as the No. 1 operator of American nuclear plants, it could serve in an advisory or training capacity.
Besides, the government's striking this deal is yet another strong indication of its desire to promote and support the nuclear power industry.
Today's Change
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12.23
Current Price
$
274.45
Continued domestic push Separately, Bloomberg reported that the administration is also planning to launch a new, $200 million program to support the construction of power plants within our borders. A key goal of this initiative, not surprisingly, is to satisfy the considerable power needs of artificial intelligence (AI)-ready data centers.
As nuclear plants produce considerable clean power, they are considered ideal facilities for such a push.
The Bloomberg article, which cited a document its reporters had seen, mentioned small modluar reactor (SMR) specialists Oklo and X-Energy as participants on the energy industry side, and Microsoft and Nvidia as partners from the tech sector.
Constellation was not mentioned in the article, as it operates full-scale nuclear facilities and not SMRs. Even if it doesn't end up playing a role in the program, it's sure to benefit from this latest top-down effort to boost the nation's power-generating capacity.
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Constellation Energy, Microsoft, and Nvidia. The Motley Fool has a disclosure policy.
In the latest close session, Commvault Systems (CVLT - Free Report) was down 4.27% at $140.24. The stock trailed the S&P 500, which registered a daily loss of 0.14%. Elsewhere, the Dow saw a downswing of 0.01%, while the tech-heavy Nasdaq depreciated by 0.57%.
Coming into today, shares of the data-management software company had gained 16.98% in the past month. In that same time, the Computer and Technology sector lost 4.82%, while the S&P 500 gained 0.25%.
The investment community will be paying close attention to the earnings performance of Commvault Systems in its upcoming release. The company is slated to reveal its earnings on July 28, 2026. On that day, Commvault Systems is projected to report earnings of $1.18 per share, which would represent year-over-year growth of 16.83%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $311.03 million, up 10.3% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.22 per share and a revenue of $1.31 billion, indicating changes of +20% and +10.52%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Commvault Systems. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.88% higher. Currently, Commvault Systems is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Commvault Systems currently has a Forward P/E ratio of 28.05. This represents a premium compared to its industry average Forward P/E of 15.81.
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 93, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
SAN FRANCISCO, July 22, 2026 (GLOBE NEWSWIRE) -- LiveRamp® (NYSE: RAMP), the leading global data collaboration platform, today announced that its fiscal 2027 first quarter financial results will be released on Wednesday, August 5, 2026 after the financial markets close.
In light of the previously announced and still pending transaction with Publicis Groupe, LiveRamp will not host an earnings conference call or provide financial guidance in conjunction with the earnings release.
To automatically receive LiveRamp financial news by email, please visit the company’s Investor Relations website and subscribe to email alerts.
About LiveRamp
LiveRamp is a leading data collaboration technology company, empowering marketers and media owners to deliver and measure marketing performance everywhere it matters. LiveRamp’s data collaboration network seamlessly unites data across advertisers, platforms, publishers, data providers, and commerce media networks—unlocking deep insights, delivering transformational consumer experiences, and driving measurable growth.
Built on a foundation of strict neutrality, interoperability, and global scale, LiveRamp enables organizations to maximize the value of their data while accelerating innovation. Trusted by many of the world’s leading brands, retailers, financial services providers, and healthcare innovators, LiveRamp is helping shape the future of responsible data collaboration in an AI-driven, outcomes-focused world where advertisers reach intended audiences and consumers receive more relevant advertising messages.
LiveRamp is headquartered in San Francisco, California, with offices worldwide. Learn more at LiveRamp.com.
For more information, contact:
Drew Borst
LiveRamp Investor Relations [email protected]
Super Micro Computer (SMCI +19.90%), an AI-optimized server and storage systems provider, closed at $30.56, up 19.84%. A preliminary fiscal fourth-quarter update pointed to gross margins about double the forecast and record orders. Investors are watching the Aug. 11 earnings report for confirmed figures and order conversion.
Trading volume reached 159.3 million shares, coming in about 204% above its three-month average of 52.4 million shares. Super Micro Computer IPO'd in 2007 and has grown 3,389% since going public.
How the markets moved todayThe S&P 500 (^GSPC -0.14%) fell 0.13% to 7,499, while the Nasdaq Composite (^IXIC -0.57%) dropped 0.57% to 25,691. Among computer hardware and AI server/storage systems peers, Dell Technologies (DELL +9.67%) rose 9.32% to $441.80, and Hewlett Packard Enterprise (HPE +3.02%) gained 3.02% to $48.13, reflecting continued investor interest in AI infrastructure spending.
What this means for investorsSuper Micro Computer’s preliminary fourth-quarter update impressed investors with its gross margin prediction more than anything. While a record backlog aided by over $60 billion in new orders was also welcome news, revenue for the quarter will come in at the low end of the company’s guidance.
The latter seems to be short-term negative; however, profitability levels are much more important to investors. There is clearly high demand for its liquid-cooled lineup of AI server racks.
Even with that good news, though, investors should keep an eye on what Supermicro says about any capital raising plans after it announced a $7 billion financing plan last month to help fund equipment purchases to meet its growing order book.
Howard Smith has positions in Dell Technologies and has the following options: short August 2026 $250 calls on Dell Technologies. The Motley Fool has positions in and recommends Hewlett Packard Enterprise. The Motley Fool has a disclosure policy.
Vertex Pharmaceuticals (VRTX - Free Report) closed at $472.57 in the latest trading session, marking a -1.96% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.14% for the day. On the other hand, the Dow registered a loss of 0.01%, and the technology-centric Nasdaq decreased by 0.57%.
Shares of the drugmaker witnessed a gain of 2.9% over the previous month, trailing the performance of the Medical sector with its gain of 5.8%, and outperforming the S&P 500's gain of 0.25%.
Market participants will be closely following the financial results of Vertex Pharmaceuticals in its upcoming release. The company plans to announce its earnings on August 3, 2026. On that day, Vertex Pharmaceuticals is projected to report earnings of $4.85 per share, which would represent year-over-year growth of 7.3%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.23 billion, up 8.78% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $19.15 per share and a revenue of $13.06 billion, indicating changes of +4.08% and +8.83%, respectively, from the former year.
Any recent changes to analyst estimates for Vertex Pharmaceuticals should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.04% decrease. At present, Vertex Pharmaceuticals boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Vertex Pharmaceuticals is currently trading at a Forward P/E ratio of 25.17. This indicates a premium in contrast to its industry's Forward P/E of 19.23.
We can additionally observe that VRTX currently boasts a PEG ratio of 1.93. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Medical - Biomedical and Genetics industry held an average PEG ratio of 1.57.
The Medical - Biomedical and Genetics industry is part of the Medical sector. At present, this industry carries a Zacks Industry Rank of 98, placing it within the top 40% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
DAMARISCOTTA, Maine--(BUSINESS WIRE)--The First Bancorp (Nasdaq: FNLC), ("the Company", "we", "us", "our"), parent company of First National Bank, today reported unaudited results for the quarter and six months ended June 30, 2026. Net income for the second quarter was $9.6 million with fully diluted earnings per share of $0.85, increases of 18.6% and 17.8%, respectively, from net income of $8.1 million and diluted earnings per share of $0.72 for the quarter ended June 30, 2025. Strong earnings.
DUNKIRK, N.Y., July 22, 2026 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ: LSBK), the holding company for Lake Shore Bank (the “Bank”), reported unaudited net income of $2.2 million, or $0.29 per diluted share, for the second quarter of 2026 compared to net income of $1.9 million, or $0.25 per diluted share, for the second quarter of 2025. For the first six months of 2026, the Company reported unaudited net income of $4.1 million, or $0.56 per diluted share, as compared to $3.0 million, or $0.39 per diluted share, for the first six months of 2025. The Company's financial performance for the second quarter of 2026 was positively impacted primarily by higher net interest income.
"I am pleased with our second quarter results, which reflect disciplined expense management, improved net interest income, and our team’s focused execution of strategic initiatives,” stated Kim C. Liddell, President, CEO, and Director. “These results provide a strong foundation as we continue serving our customers, communities, and shareholders."
Second Quarter 2026 and Year-to-Date Financial Highlights:
Net income increased to $2.2 million during the second quarter of 2026, an increase of $254,000, or 13.2%, when compared to the second quarter of 2025. Net income was positively impacted by an increase in net interest income of $771,000, or 12.6%, when compared to the second quarter of 2025;Net income increased to $4.1 million during the first half of 2026, an increase of $1.1 million, or 37.7%, when compared to the first half of 2025. Net income was positively impacted by an increase in net interest income of $2.0 million, or 17.0%, when compared to the first half of 2025;Net interest margin increased to 4.06% during the second quarter of 2026, an increase of four basis points when compared to net interest margin of 4.02% during the first quarter of 2026 and an increase of 22 basis points when compared to net interest margin of 3.84% during the second quarter of 2025;Efficiency ratio improved to 63.77% for the quarter ended June 30, 2026, a decrease of 5.81% as compared to 69.58% for the quarter ended March 31, 2026 and a decrease of 3.05% when compared to 66.82% for the quarter ended June 30, 2025;Annualized return on average assets increased to 1.19% for the quarter ended June 30, 2026, an increase of 12 basis points as compared to 1.07% for the quarter ended March 31, 2026, and an increase of eight basis points when compared to 1.11% for the quarter ended June 30, 2025; Book value per share increased 1.7% to $18.41 per share at June 30, 2026, as compared to $18.10 per share at December 31, 2025;Non-performing assets as a percentage of total assets decreased to 0.20% at June 30, 2026, as compared to 0.23% at December 31, 2025; andThe Bank's capital position remains "well capitalized" with a Tier 1 Leverage ratio of 17.43% and a Total Risk-Based Capital ratio of 24.04% at June 30, 2026. Net Interest Income
Net interest income for the second quarter of 2026 increased by $233,000, or 3.5%, to $6.9 million as compared to $6.7 million for the first quarter of 2026 and increased $771,000, or 12.6%, as compared to $6.1 million for the second quarter of 2025. Annualized net interest margin was 4.06% for the second quarter of 2026, as compared to 4.02% for the first quarter of 2026 and 3.84% for the second quarter of 2025.
Net interest income for the first half of 2026 increased $2.0 million, or 17.0%, to $13.6 million as compared to $11.6 million for the first half of 2025. Annualized net interest margin was 4.04% for the first half of 2026, as compared to 3.67% for the first half of 2025.
Interest income for the second quarter of 2026 was $9.4 million, an increase of $333,000, or 3.7%, compared to $9.1 million for the first quarter of 2026, and an increase of $281,000, or 3.1%, compared to $9.1 million for the second quarter of 2025. Interest income was $18.4 million for the first six months of 2026, an increase of $1.0 million, or 5.5%, when compared to $17.5 million for the first six months of 2025.
The increase in interest income from the prior quarter was primarily due to a six basis point increase in the average yield on interest-earning assets and a $16.7 million, or 2.5%, increase in the average balance of interest-earning assets. Interest earned on loans increased by $232,000, or 2.8%, due to an eight basis point increase in the average yield on loans and an $8.1 million, or 1.5%, increase in the average balance of loans. Interest earned on interest-earning deposits increased by $107,000, or 22.8%, due to a $10.7 million, or 19.9%, increase in the average balance of interest-earning deposits and a nine basis point increase in the average yield earned on interest-earning deposits.
The increase in interest income from the prior year quarter was primarily due to a $42.0 million, or 6.6%, increase in the average balance of interest-earning assets, partially offset by a 19 basis point decrease in the average yield on interest-earning assets. During the second quarter of 2026 as compared to the same period in 2025, there was a $306,000, or 113.3%, increase in interest income on interest-earning deposits due to a $37.6 million increase in the average balance of interest-earning deposits. This increase was partially offset by a 42 basis point decrease in the average yield on interest-earning deposits.
Interest income for the first half of 2026 was $18.4 million, an increase of $968,000, or 5.5%, compared to $17.5 million, for the first half of 2025. This increase was primarily due to an increase in the average balance of interest-earning assets of $38.7 million, or 6.1%, when compared to the previous year period. Interest earned on interest-earning deposits increased by $541,000, or 107.3%, primarily due to a $34.1 million, or 134.4%, increase in the average balance of interest-earning deposits. Interest earned on loans increased by $474,000, or 2.9%, due to an increase in the average balance of loans of $5.6 million, or 1.0%, along with an 11 basis points increase in the average yield earned on loans.
Interest expense for the second quarter of 2026 was $2.5 million, an increase of $100,000, or 4.2%, from $2.4 million in the first quarter of 2026, and a decrease of $490,000, or 16.4%, from $3.0 million for the second quarter of 2025. Interest expense for the first six months of 2026 was $4.9 million, a decrease of $1.0 million, or 16.9%, from $5.9 million for the first six months of 2025.
The increase in interest expense when compared to the previous quarter was primarily due to an increase in the average balance of interest-bearing liabilities of $11.6 million, or 2.5%, along with an increase in the average interest rate paid on interest-bearing liabilities of three basis points. During the second quarter of 2026, as compared to the previous quarter, interest expense on deposits increased by $100,000, or 4.2%, due to a $10.9 million, or 2.3% increase in the average balance of interest-bearing deposits and a three basis point increase in the average interest rate paid on interest-bearing deposit accounts. The increase in interest paid on interest-bearing deposit accounts was impacted by a $12.7 million, or 6.4%, increase in the average balance of time deposits, partially offset by a $2.4 million, or 1.5%, decrease in the average balance of money market accounts. The average interest rate paid on deposit accounts increased three basis points during the second quarter of 2026, when compared to the previous quarter primarily due to a two basis point increase in the average interest rate paid on money market accounts.
The decrease in interest expense when compared to the prior year quarter was primarily due to a 33 basis points decrease in average interest rate paid on interest-bearing liabilities and a $15.1 million, or 3.0%, decrease in the average balance of interest-bearing liabilities. During the second quarter of 2026 as compared to the same period in 2025, interest expense on deposits decreased by $476,000, or 16.1%, due to a 33 basis points decrease in the average interest rate paid on interest-bearing deposit accounts and a $14.3 million, or 2.9%, decrease in the average balance of interest-bearing deposits. The decrease in the average interest rate paid on deposit accounts was primarily due to the decrease in market interest rates, time deposit repricing, and a marginal shift in deposit composition. Average interest-bearing deposit balances decreased 2.9% during the second quarter of 2026 when compared to the second quarter of 2025 due to a decrease in all deposit categories except money market accounts.
Interest expense for the first half of 2026 was $4.9 million, a decrease of $997,000, or 16.9%, from $5.9 million for the first half of 2025. The decrease in interest expense was primarily due to a 35 basis points decrease in average interest rate paid on interest-bearing liabilities and a decrease in the average balance of interest-bearing liabilities of $14.3 million, or 2.9%. During the first half of 2026, there was a $946,000 decrease in interest expense on interest-bearing deposit accounts when compared to the first half of 2025 due to a 33 basis points decrease in the average interest rate paid on interest-bearing deposits along with a decrease in the average balance of interest-bearing deposits of $12.0 million, or 2.5%. The decrease in the average interest rate paid on deposit accounts was primarily due to the decrease in market interest rates, time deposit repricing, and a marginal shift in deposit composition.
Non-Interest Income
Non-interest income was $749,000 for the second quarter of 2026, an increase of $46,000, or 6.5%, as compared to $703,000 for the first quarter of 2026, and a decrease of $51,000, or 6.4%, as compared to $800,000 for the second quarter of 2025. The increase from the prior quarter was primarily due to a $22,000 increase in service charges and fees and a $16,000 increase in debit card fees. The decrease from the prior year quarter was primarily due to a $65,000 decrease in gain on equity securities that were held in the prior year, partially offset by a $28,000 increase in earnings on bank-owned life insurance.
Non-interest income was $1.5 million for the first half of 2026, a decrease of $72,000, or 4.7%, as compared to the first half of 2025. The decrease was primarily due to a $111,000 decrease in gain on equity securities that were held in the prior year and a $14,000 decrease in earnings on annuity assets, partially offset by a $53,000 increase in earnings on bank-owned life insurance and a $12,000 increase in service charges and fees.
Non-Interest Expense
Non-interest expense was $4.9 million for the second quarter of 2026, a decrease of $250,000, or 4.9%, as compared to $5.1 million for the first quarter of 2026, and an increase of $248,000, or 5.4%, as compared to $4.6 million for the second quarter of 2025. The decrease from the prior quarter was primarily due to a decrease in salaries and employee benefits of $216,000, or 6.5%, along with decreases in occupancy and equipment of $77,000, or 10.7%, partially offset by an increase in data processing costs of $65,000, or 18.0%. The increase from the second quarter of 2025 was primarily related to an increase in the cost of health insurance, taxes, and other non-salary benefits of $236,000, or 8.3%, and an increase in occupancy and equipment of $27,000, or 4.4%, partially offset by a decrease in data processing of $31,000, or 6.8%.
Non-interest expense was $10.0 million for the first half of 2026, an increase of $493,000, or 5.2%, as compared to $9.5 million for the first half of 2025. The increase related primarily to an increase in the cost of health insurance, taxes, and other non-salary benefits of $628,000, or 10.9%, partially offset by a decrease in data processing costs of $130,000, or 14.2% and professional services of $37,000, or 6.5%, as a result of management's efforts to optimize operating expenses.
Income Tax Expense
Income tax expense was $477,000 for the second quarter of 2026, an increase of $47,000, or 10.9%, as compared to $430,000 for the first quarter of 2026, and an increase of $99,000, or 26.2%, as compared to $378,000 for the second quarter of 2025. The effective tax rate was 18.0% for the second quarter of 2026 as compared to 18.3% for the first quarter of 2026 and 16.5% for the second quarter of 2025. The increase in income tax expense from the prior quarter and prior year quarter was primarily related to the increase in pre-tax income earned during the current quarter. The increase from the prior year quarter was also due to an increase in the effective tax rate, which was primarily due to an increase in taxable income earned during the second quarter of 2026.
Income tax expense was $907,000 for the first half of 2026, an increase of $322,000, or 55.0%, as compared to $585,000 for the first half of 2025. The effective tax rate was 18.1% for the first half of 2026 and 16.4% for the first half of 2025. The increase in income tax expense from the first half of 2025 was primarily related to the increase in pre-tax income earned during the first half of 2026. The increase in the effective tax rate during the first half of 2026 was primarily due to an increase in taxable income earned during the first half of 2026.
Credit Quality
The Company’s allowance for credit losses on loans was $4.7 million as of June 30, 2026 as compared to $4.9 million as of December 31, 2025. The Company’s allowance for credit losses on unfunded commitments was $495,000 as of June 30, 2026 as compared to $361,000 as of December 31, 2025. Non-performing assets as a percent of total assets decreased to 0.20% at June 30, 2026 as compared to 0.23% at December 31, 2025, primarily due to a decrease in non-performing assets of $250,000, or 14.9%. The Company’s allowance for credit losses on loans as a percent of loans at amortized cost was 0.84% and 0.87% and its allowance for credit losses on loans as a percent of non-performing loans was 331.85% and 290.71% at June 30, 2026 and December 31, 2025, respectively.
The Company recorded $119,000 provision for credit losses during the second quarter of 2026 and recorded a net provision for credit losses of $5,000 for the first half of 2026. Of the amount recorded for the second quarter of 2026, $170,000 related to a provision recorded to the allowance for credit losses for unfunded commitments, and $51,000 related to a credit recorded to the allowance for credit losses on the loan portfolio. For the first half of 2026, $134,000 related to a provision recorded to the allowance for credit losses for unfunded commitments, and $137,000 related to a credit recorded to the allowance for credit losses on the loan portfolio, net of charge-offs and recoveries. The increase in the allowance for credit losses on unfunded commitments and the corresponding provision for credit losses recognized during the first half of 2026 was primarily the result of an increase in outstanding unfunded commitments between the periods. The decrease in the allowance for credit losses on the loan portfolio was primarily related to a decrease in the calculated reserve rates, including the expected quantitative losses inclusive of forecasted economic trends, and the qualitative factor loss rates related to economic factors. The decrease primarily related to the commercial real estate and residential mortgage loan pools, partially offset by an increase in the calculation of expected losses for the commercial loan pool.
Balance Sheet Summary
Total assets at June 30, 2026 were $736.7 million, a $9.3 million increase, or 1.3%, as compared to $727.3 million at December 31, 2025. Cash and cash equivalents increased by $8.0 million, or 12.4%, from $64.3 million at December 31, 2025 to $72.2 million at June 30, 2026. The increase in cash and cash equivalents was primarily due to an increase in deposits of $5.0 million, or 0.9%, partially offset by an increase in loans receivable of $2.9 million, or 0.5%. Securities available for sale were $53.6 million at June 30, 2026 as compared to $56.1 million at December 31, 2025 representing a decrease primarily due to a decrease in the market value of the portfolio and paydowns received during the first half of 2026. Net loans receivable at June 30, 2026 and December 31, 2025 were $558.3 million and $555.4 million, respectively. Total deposits at June 30, 2026 were $578.2 million, an increase of $5.0 million, or 0.9%, compared to $573.3 million at December 31, 2025. The Company's uninsured deposits as a percentage of total deposits were 10.9% and 11.3%, at June 30, 2026 and December 31, 2025, respectively.
Stockholders’ equity at June 30, 2026 was $144.8 million, a $3.1 million increase, or 2.2%, as compared to $141.6 million at December 31, 2025. The increase in stockholders’ equity was primarily attributed to net income of $4.1 million, partially offset by dividends declared and paid of $1.3 million during the first half of 2026.
About Lake Shore
Lake Shore Bancorp is the holding company of Lake Shore Bank, a New York chartered, community-oriented financial institution headquartered in Dunkirk, New York. The Bank has ten full-service branch locations in Western New York, including four in Chautauqua County and six in Erie County. The Bank offers a broad range of retail and commercial lending and deposit services. Lake Shore Bancorp’s common stock is traded on the NASDAQ Global Market as “LSBK”. Additional information about Lake Shore Bancorp is available at www.mylsbank.com.
Safe-Harbor
This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, that are based on current expectations, estimates and projections about the Company’s and the Bank’s industry, and management’s beliefs and assumptions. Words such as anticipates, expects, intends, plans, believes, estimates and variations of such words and expressions are intended to identify forward-looking statements. Such statements reflect management’s current views of future events and operations. These forward-looking statements are based on information currently available to the Company as of the date of this release. It is important to note that these forward-looking statements are not guarantees of future performance and involve and are subject to significant risks, contingencies, and uncertainties, many of which are difficult to predict and are generally beyond our control including, but not limited to, data loss or other security breaches, including a breach of our operational or security systems, policies or procedures, including cyber-attacks on us or on our third party vendors or service providers, economic conditions, the effect of changes in monetary and fiscal policy, inflation, tariffs, unanticipated changes in our liquidity position, climate change, public health issues, geopolitical conflict, increased unemployment, deterioration in the credit quality of the loan portfolio and/or the value of the collateral securing repayment of loans, reduction in the value of investment securities, the cost and ability to attract and retain key employees, regulatory or legal developments, tax policy changes, and our ability to implement and execute our business plan and strategy and expand our operations. These factors should be considered in evaluating forward looking statements and undue reliance should not be placed on such statements, as our financial performance could differ materially due to various risks or uncertainties. We do not undertake to publicly update or revise our forward-looking statements if future changes make it clear that any projected results expressed or implied therein will not be realized.
Source: Lake Shore Bancorp, Inc.
Category: Financial
Investor Relations/Media Contact
Kim C. Liddell
President, CEO, and Director
Lake Shore Bancorp, Inc.
31 East Fourth Street
Dunkirk, New York 14048
(716) 366-4070 ext. 1012
Selected Financial Condition Data
June 30,
December 31,
2026
2025
(Unaudited) (Dollars in thousands) Total assets$ 736,652 $ 727,323 Cash and cash equivalents 72,237 64,280 Securities available for sale, at fair value 53,567 56,138 Loans receivable, net 558,317 555,441 Deposits 578,240 573,277 Stockholders’ equity 144,761 141,639 Statements of Income
Three Months Ended Six Months Ended June 30, June 30, 2026
2025
2026
2025
(Unaudited) (Dollars in thousands, except per share amounts) Interest income$ 9,388 $ 9,107 $ 18,442 $ 17,474 Interest expense 2,495 2,985 4,890 5,887 Net interest income 6,893 6,122 13,552 11,587 Provision for credit losses 119 — 5 48 Net interest income after provision for credit losses 6,774 6,122 13,547 11,539 Total non-interest income 749 800 1,452 1,524 Total non-interest expense 4,873 4,625 9,996 9,503 Income before income taxes 2,650 2,297 5,003 3,560 Income tax expense 477 378 907 585 Net income$ 2,173 $ 1,919 $ 4,096 $ 2,975 Basic and diluted earnings per share(1)$ 0.29 $ 0.25 $ 0.56 $ 0.39 Dividends declared and paid per share(1)$ 0.09 $ — $ 0.18 $ 0.13 Selected Financial Ratios Return on average assets(2) 1.19% 1.11% 1.13% 0.87%Return on average equity(2) 6.04% 8.37% 5.71% 6.52%Average interest-earning assets to average interest-bearing liabilities 140.83% 128.12% 140.80% 128.81%Interest rate spread(2) 3.46% 3.32% 3.44% 3.13%Net interest margin(2) 4.06% 3.84% 4.04% 3.67%Efficiency ratio 63.77% 66.82% 66.62% 72.48% (1) Per share information reflects the effects of the Company's conversion and related stock offering for all periods presented, as applicable.
(2) Annualized
Average Balance Sheets, Interest, and Rates (Quarterly Comparison)
For the Three Months Ended For the Three Months Ended June 30, 2026 June 30, 2025 Average
Balance Interest
Income/
Expense Yield/
Rate(2) Average
Balance Interest
Income/
Expense Yield/
Rate(2) (Unaudited) (Dollars in thousands) Interest-earning assets: Interest-earning deposits $ 64,801 $ 576 3.56% $ 27,162 $ 270 3.98%Securities(1) 54,910 348 2.54% 56,222 368 2.62%Loans, including fees 559,192 8,464 6.05% 553,550 8,469 6.12%Total interest-earning assets 678,903 $ 9,388 5.53% 636,934 $ 9,107 5.72%Other assets 53,753 52,724 Total assets $ 732,656 $ 689,658 Interest-bearing liabilities: Demand & NOW accounts $ 63,572 $ 14 0.09% $ 64,337 $ 15 0.09%Money market accounts 153,861 731 1.90% 153,547 955 2.49%Savings accounts(3) 50,642 8 0.06% 58,286 9 0.06%Time deposits 210,894 1,719 3.26% 217,101 1,969 3.63%Total interest-bearing deposits 478,969 2,472 2.06% 493,271 2,948 2.39%Borrowed funds & other interest-bearing liabilities 3,105 23 2.96% 3,869 37 3.83%Total interest-bearing liabilities 482,074 $ 2,495 2.07% 497,140 $ 2,985 2.40%Other non-interest bearing liabilities 106,759 100,826 Stockholders' equity 143,823 91,692 Total liabilities & stockholders' equity $ 732,656 $ 689,658 Net interest income $ 6,893 $ 6,122 Interest rate spread 3.46% 3.32%Net interest margin 4.06% 3.84% (1) The tax equivalent adjustment for bank qualified tax exempt municipal securities, using a federal statutory rate of 21%, results in rates of 2.92% and 3.03% for the three months ended June 30, 2026 and 2025, respectively. Yields above are not presented on a tax equivalent basis.
(2) Annualized.
(3) Included within savings accounts as of June 30, 2025 is $43.7 million of funds collected and held on deposit in a segregated account in connection with the Company's completed second-step conversion and stock offering. The average rate paid on these funds was 5 basis points and the collection of these funds resulted in a $3.8 million increase in the average balance of savings accounts during the three months ended June 30, 2025.
Average Balance Sheets, Interest, and Rates (Year-to-Date Comparison)
For the Six Months Ended For the Six Months Ended June 30, 2026 June 30, 2025 Average
Balance Interest
Income/
Expense Yield/
Rate(2) Average
Balance Interest
Income/
Expense Yield/
Rate(2) (Unaudited) (Dollars in thousands) Interest-earning assets: Interest-earning deposits $ 59,461 $ 1,045 3.51% $ 25,372 $ 504 3.97%Securities(1) 55,975 701 2.50% 57,008 748 2.62%Loans, including fees 555,178 16,696 6.01% 549,578 16,222 5.90%Total interest-earning assets 670,614 $ 18,442 5.50% 631,958 $ 17,474 5.53%Other assets 53,542 52,193 Total assets $ 724,156 $ 684,151 Interest-bearing liabilities Demand & NOW accounts $ 62,982 $ 29 0.09% $ 63,565 $ 30 0.09%Money market accounts 155,037 1,466 1.89% 153,116 1,822 2.38%Savings accounts(3) 50,951 16 0.06% 55,927 18 0.06%Time deposits 204,604 3,333 3.26% 212,975 3,920 3.68%Total interest-bearing deposits 473,574 4,844 2.05% 485,583 5,790 2.38%Borrowed funds & other interest-bearing liabilities 2,725 46 3.38% 5,046 97 3.84%Total interest-bearing liabilities 476,299 $ 4,890 2.05% 490,629 $ 5,887 2.40%Other non-interest bearing liabilities 104,401 102,202 Stockholders' equity 143,456 91,320 Total liabilities & stockholders' equity $ 724,156 $ 684,151 Net interest income $ 13,552 $ 11,587 Interest rate spread 3.45% 3.13%Net interest margin 4.04% 3.67% (1) The tax equivalent adjustment for bank qualified tax exempt municipal securities, using a federal statutory rate of 21%, results in rates of 2.88% and 3.03% for the six months ended June 30, 2026 and 2025, respectively. Yields above are not presented on a tax equivalent basis.
(2) Annualized.
(3) Included within savings accounts as of June 30, 2025 is $43.7 million of funds collected and held on deposit in a segregated account in connection with the Company's completed second step conversion and stock offering. The average rate paid on these funds was 5 basis points and the collection of these funds resulted in a $1.9 million increase in the average balance of savings accounts during the six months ended June 30, 2025.
Average Balance Sheets, Interest, and Rates (Prior Quarter Comparison)
For the Three Months Ended For the Three Months Ended June 30, 2026 March 31, 2026 Average
Balance Interest
Income/
Expense Yield/
Rate(2) Average
Balance Interest
Income/
Expense Yield/
Rate(2) (Unaudited) (Dollars in thousands) Interest-earning assets: Interest-earning deposits $ 64,801 $ 576 3.56% $ 54,061 $ 469 3.47%Securities(1) 54,910 348 2.54% 57,052 354 2.48%Loans, including fees 559,192 8,464 6.05% 551,119 8,232 5.97%Total interest-earning assets 678,903 $ 9,388 5.53% 662,232 $ 9,055 5.47%Other assets 53,753 53,328 Total assets $ 732,656 $ 715,560 Interest-bearing liabilities: Demand & NOW accounts $ 63,572 $ 14 0.09% $ 62,384 $ 15 0.10%Money market accounts 153,861 731 1.90% 156,226 735 1.88%Savings accounts 50,642 8 0.06% 51,263 8 0.06%Time deposits 210,894 1,719 3.26% 198,245 1,614 3.26%Total interest-bearing deposits 478,969 2,472 2.06% 468,118 2,372 2.03%Borrowed funds & other interest-bearing liabilities 3,105 23 2.96% 2,342 23 3.93%Total interest-bearing liabilities 482,074 $ 2,495 2.07% 470,460 $ 2,395 2.04%Other non-interest bearing liabilities 106,759 102,013 Stockholders' equity 143,823 143,087 Total liabilities & stockholders' equity $ 732,656 $ 715,560 Net interest income $ 6,893 $ 6,660 Interest rate spread 3.46% 3.43%Net interest margin 4.06% 4.02% (1) The tax equivalent adjustment for bank qualified tax exempt municipal securities, using a federal statutory rate of 21%, results in rates of 2.92% and 2.85% for the three months ended June 30, 2026 and March 31, 2026, respectively. Yields above are not presented on a tax equivalent basis.
(2) Annualized.
Selected Quarterly Financial Data
As of or For the Three Months Ended June 30,
2026 March 31,
2026 December 31,
2025 September 30,
2025 June 30,
2025 (Unaudited) (Dollars in thousands, except per share amounts) Selected Financial Condition Data: Total assets $736,652 $722,011 $727,323 $742,802 $734,838 Cash and cash equivalents 72,237 61,607 64,280 83,638 75,367 Securities, at fair value 53,567 54,179 56,138 56,049 55,323 Loans receivable, net 558,317 553,879 555,441 552,611 552,389 Deposits 578,240 566,620 573,277 590,345 627,499 Long-term debt — — — 2,000 2,000 Stockholders’ equity 144,761 142,378 141,639 139,306 92,884 Condensed Statements of Income: Interest income $9,388 $9,055 $9,457 $9,351 $9,107 Interest expense 2,495 2,395 2,835 2,996 2,985 Net interest income 6,893 6,660 6,622 6,355 6,122 Provision for credit losses 119 (113) 40 (269) — Net interest income after provision for credit losses 6,774 6,773 6,582 6,624 6,122 Total non-interest income 749 703 683 1,065 800 Total non-interest expense 4,873 5,123 4,920 4,843 4,625 Income before income taxes 2,650 2,353 2,345 2,846 2,297 Income tax expense 477 430 411 487 378 Net income $2,173 $1,923 $1,934 $2,359 $1,919 Basic and diluted earnings per share(1) $0.29 $0.26 $0.26 $0.32 $0.25 Dividends declared and paid per share(1) $0.09 $0.09 $0.09 $0.09 $— Selected Financial Ratios: Return on average assets(2) 1.19% 1.07% 1.04% 1.28% 1.11%Return on average equity(2) 6.04% 5.38% 5.49% 7.31% 8.37%Average interest-earning assets to average interest-bearing liabilities 140.83% 140.76% 138.60% 139.79% 128.12%Interest rate spread(2) 3.46% 3.43% 3.22% 3.02% 3.32%Net interest margin(2) 4.06% 4.02% 3.85% 3.72% 3.84%Efficiency ratio 63.77% 69.58% 67.35% 65.26% 66.82% Asset Quality Ratios: Non-performing loans as a percent of loans at amortized cost 0.25% 0.28% 0.30% 0.33% 0.32%Non-performing assets as a percent of total assets 0.20% 0.22% 0.23% 0.25% 0.24%Allowance for credit losses on loans as a percent of loans at amortized cost 0.84% 0.86% 0.87% 0.87% 0.93%Allowance for credit losses on loans as a percent of non-performing loans 331.85% 302.76% 290.71% 265.57% 290.53% Share Information: Common stock, number of shares outstanding(1) 7,863,818 7,863,388 7,825,388 7,825,501 7,803,102 Treasury stock, number of shares held(1) — — — — 1,459,691 Book value per share(1) $18.41 $18.11 $18.10 $17.80 $11.90 Tier 1 leverage ratio (Bank-only) 17.43% 17.54% 16.65% 16.34% 14.37%Total risk-based capital ratio (Bank-only) 24.04% 23.81% 23.51% 22.76% 18.94% (1) Share and per share information reflects the effects of the Company's conversion and related stock offering for all periods presented, as applicable.
(2) Annualized
Earnings AURORA, IL / ACCESS Newswire / July 22, 2026 / Old Second Bancorp, Inc. (the "Company," "Old Second," "we," "us," and "our") (NASDAQ:OSBC), the parent company of Old Second National Bank (the "Bank"), today announced financial results for the second quarter of 2026. Our net income was $28.2 million, or $0.54 per diluted share, for the second quarter of 2026, compared to net income of $25.6 million, or $0.48 per diluted share, for the first quarter of 2026. Adjusted net income1 was $28.7 million, or adjusted diluted earnings per share1 of $0.55, for the second quarter of 2026, compared to adjusted net income1 of $26.0 million, or adjusted diluted earnings per share1 of $0.49, for the first quarter of 2026.
Notable Items2
Net interest and dividend income was $83.3 million, reflecting an increase of $2.2 million, or 2.69%.
Net interest margin (NIM) on a fully tax-equivalent basis1 was 5.23%, an increase of nine basis points.
Provision for credit losses of $7.5 million compared to $9.5 million, a decrease of $2.0 million.
Noninterest income was $13.3 million, an increase of $631,000, or 5.00%, compared to $12.6 million.
Noninterest expense was $51.3 million, an increase of $1.0 million, or 2.08%, compared to $50.2 million.
Efficiency ratio decreased 68 basis points to 51.72%; adjusted efficiency ratio was 50.80%1.
Provision for income tax of $9.7 million, compared to $8.5 million, with an effective tax rate of 25.53% and 24.89%, respectively.
Return on average assets of 1.65%, compared to 1.51%.
Return on tangible common equity (ROATCE)1 of 15.58%; adjusted ROATCE1 of 15.85%.
On July 21, 2026, our Board of Directors declared a cash dividend of $0.07 per share of common stock, payable on August 10, 2026, to stockholders of record as of July 31, 2026.
Chairman, President and Chief Executive Officer Jim Eccher said, "Old Second reported strong results in the second quarter of 2026 led by exceptional revenue and margin performance and disciplined operating efficiency. Tangible book value per share exhibited double-digit percentage growth on an annualized basis despite the repurchase of 732,000 shares during the quarter. Nonperforming, classified and criticized assets all decreased meaningfully during the second quarter, and we believe we are adequately reserved for any future losses with an Allowance for Credit Losses on loans ("ACL") to total loans of 1.34% and ACL to nonperforming loans of 124.60%. Charge-offs in the second quarter largely resulted from one downtown Chicago office credit and one cash-flow-dependent commercial relationship which had been downgraded in prior quarters. Overall results are exceptionally strong across the board, despite a relatively elevated level of net charge-offs, with second quarter return on average assets and return on average tangible common equity of 1.65% and 15.58%, respectively. The tax equivalent net interest margin expanded nine basis points quarter over linked quarter to 5.23% and the efficiency ratio was a very healthy 51.72%. This strong bottom-line performance and a well-positioned balance sheet drove an increase in the tangible common equity capital ratio to 11.19% from 11.07% for the prior linked period. We are proud of our performance both from a bottom-line perspective and in positioning ourselves to deliver even better results to our stockholders over the last half of the year."
Results of Operations:
Our net income was $28.2 million, or $0.54 per diluted share, for the second quarter of 2026, compared to net income of $25.6 million, or $0.48 per diluted share.
Loans increased $60.6 million driven primarily by increases in commercial, construction, multifamily, powersport, and other, including consumer.
Total loans were $5.25 billion.
Average loans (including loans held-for-sale) for the second quarter of 2026 totaled $5.22 billion, reflecting an increase of $15.3 million.
Credit Quality key performance metrics were impacted by two larger credits.
Nonperforming loans totaled $56.5 million compared to $75.5 million. The $19.0 million decrease reflects paydowns, upgrades to performing status, loan payoffs, the renewal of $8.7 million of loans past due 90 days accruing that were in the process of renewal, and charge-offs of $5.8 million.
Nonperforming loans to total loans was 1.08% compared to 1.46%.
Classified loans totaled $132.1 million compared to $148.6 million.
Criticized loans (special mention, substandard and doubtful) to total loans was 3.05% compared to 3.64%. The quarter-over-quarter decrease is driven by a decrease of $12.4 million in special mention loans, a decrease of $8.9 million of nonaccrual loans, and a decrease of $7.6 million in substandard accruing.
Provision for credit losses of $7.5 million was driven by powersport charge-offs, and larger than normal charge-offs in commercial and commercial real estate; the non-powersport charge-offs were primarily isolated to two loan relationships.
Deposits experienced seasonal declines in savings and money market accounts as well as declines in time deposits as higher rate brokered deposits and other exception-priced time deposits assumed from Bancorp Financial, Inc. rolled off.
Total deposits were $5.44 billion, a decrease of $120.3 million, or 2.16%.
Cost of deposits decreased five basis points to 1.00%.
Average interest-bearing deposits decreased $81.7 million while non-interest bearing deposits increased $7.0 million.
Net Interest Margin continued to be strong and increases in the cost of funds were outweighed by stronger yields during the quarter.
Net interest margin on a fully tax-equivalent basis improved nine basis points.
Loan yields increased 12 basis points on higher average loan balances during the quarter, and investment yields increased six basis points driven by maturities and paydowns of lower yielding securities.
Cost of funds increased two basis points driven by higher costs on the remaining subordinated debt, coupled with $213,000 of accelerated issuance costs related to our partial redemption of $30.0 million of the original $60.0 million of subordinated debt during the quarter. Cost of deposits decreased by five basis points, specifically due to an 18-basis point decline in the cost of time deposits.
Noninterest Income increased $631,000, or 5.00%, in the second quarter of 2026.
Wealth management related income increased in the period due to growth in advisory, insurance - annuities, agent, estate, and personal trust fees.
The cash surrender value of BOLI increased in the current quarter due to market rate changes.
Card related income increased in the current quarter due to growth in debit card related fees from higher transaction volumes.
Other income decreased in the period due to a decrease in powersport related dealer charge-back income.
Noninterest Expense increased $1.0 million or 2.08%.
Salaries and employee benefits increased $430,000, driven by growth in salaries, officer incentive accruals, deferred compensation expense, and insurance premiums, partially offset by decreases in payroll taxes and 401K company match as 2025 incentive payments were paid in the prior quarter.
Other expenses increased $712,000 primarily due to growth in director deferred compensation expense, a $172,000 increase in litigation expense primarily regarding two unrelated customer disputes with limited exposure that are both considered non-recurring in nature, and an accrual of $184,000 related to powersport loan gap insurance refunds due to customers related to loan prepayments.
Efficiency ratio for the quarter was 51.72% compared to 52.40% and the adjusted efficiency ratio1 was 50.80% compared to 51.70%.
Capital continued to grow due to strong net income.
Stockholders' equity increased $9.5 million due to net income of $28.2 million, partially offset by $3.6 million of dividends declared and a $15.5 million increase in treasury stock from share repurchases and stock award vestings.
Share repurchases of 732,183 shares at an average price paid per share of $21.08, for a total reduction to capital of $15.4 million, net of excise taxes.
ROATCE1 was 15.58% compared to 14.20%.
Tangible common equity to tangible assets1 was 11.19% compared to 11.07%.
This earnings release and statements by our management may contain forward-looking statements within the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "should," "anticipate," "expect," "estimate," "intend," "believe," "may," "likely," "will," "forecast," "project," "looking forward," "optimistic," "hopeful," "potential," "progress," "prospect," "remain," "deliver," "continue," "trend," "momentum," "remainder," "beyond," "build," and "near" or other statements that indicate future events or expectations. Examples of forward-looking statements include, but are not limited to, statements regarding the economic outlook, balance sheet growth, and building capital. Such forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements:
the strength of the United States economy in general and the strength of the local economies in which we conduct our operations may be different than expected;
the rate of delinquencies and amounts of charge-offs, the level of allowance for credit loss, the rates of loan growth, or adverse changes in asset quality in our loan portfolio, which may result in increased credit risk-related losses and expenses;
adverse developments in the commercial real estate market, including increased vacancy rates, declining property values, or borrower distress, particularly in the office sector, which could result in increased credit losses or require additional provisions;
changes in legislation, regulation, policies, or administrative practices, whether by judicial, governmental, or legislative action;
risks related to pending or future acquisitions, if any, including execution and integration risks;
adverse conditions in the stock market, the public debt market and other capital markets (including changes in interest rate conditions) could have a negative impact on us;
changes in interest rates, which have affected and may continue to affect our deposit and funding costs, net income, prepayment penalty income, mortgage banking income, and other future cash flows, or the market value of our assets, including our investment securities;
elevated inflation which causes adverse risk to the overall economy, and could indirectly pose challenges to our clients and to our business; and
the adverse effects of events beyond our control that may have a destabilizing effect on financial markets and the economy, such as trade disputes, epidemics and pandemics, war or terrorist activities, essential utility outages, deterioration in the global economy, instability in the credit markets, disruptions in our customers' supply chains or disruptions in transportation, and disruptions caused by widespread cybersecurity incidents.
Additional risks and uncertainties are contained in the "Risk Factors" and forward-looking statements disclosure in our most recent Annual Report on Form 10-K, and Quarterly Reports on Form 10-Q. The inclusion of this forward-looking information should not be construed as a representation by us or any person that future events, plans, or expectations contemplated by us will be achieved. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Conference Call
We will host a call on Thursday, July 23, 2026, at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) to discuss our second quarter 2026 financial results. Investors may listen to our earnings call via a live webcast by accessing the link provided below, or alternatively, on the Events section of the Old Second Investor Relations website (https://investors.oldsecond.com/events). Investors are encouraged to register at the webcast link at least 10 minutes prior to the scheduled start of the call.
A replay of the webcast will be available under the Events section of the Old Second Investor Relations website (https://investors.oldsecond.com/events) for up to one year after the earnings call date.
Non-GAAP Presentations
We consider the use of select non-GAAP financial measures and ratios to be useful for financial and operational decision-making and useful in evaluating period-to-period comparisons. We believe that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding certain expenditures or assets or by adjusting certain items that we believe are not indicative of our primary business operating results or by presenting certain metrics on a fully tax-equivalent basis. We believe these measures provide investors with information regarding balance sheet profitability, and we believe that management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting, analyzing, and comparing past, present and future periods.
These non-GAAP financial measures should not be considered as a substitute for GAAP financial measures, and we strongly encourage investors to review the GAAP financial measures included in this earnings release and not to place undue reliance upon any single financial measure. In addition, because non-GAAP financial measures are not standardized, it may not be possible to compare the non-GAAP financial measures presented in this earnings release with other companies' non-GAAP financial measures having the same or similar names. The tables beginning on page 12 of the full earnings release, found at www.oldsecond.com, under the Investor Relations tab, provide a reconciliation of each non-GAAP financial measure to the most comparable GAAP equivalent.
Management has disclosed in this earnings release certain non-GAAP financial measures to evaluate and measure our performance, including the presentation of adjusted net income, net interest income and net interest margin on a fully tax-equivalent basis, and our efficiency ratio calculations on a tax-equivalent basis. The net interest margin on a fully tax-equivalent basis is calculated by dividing net interest income on a tax equivalent basis by average earning assets for the period. Consistent with industry practice, management has disclosed the efficiency ratio including and excluding certain items, which is discussed in the efficiency ratio presentation on page 13 of the full earnings release found at www.oldsecond.com, under the Investor Relations tab.
Financial Highlights
Quarters Ended
(Dollars in thousands - unaudited)
June 30,
March 31,
December 31,
September 30,
June 30,
2026
2026
2025
2025
2025
Balance sheet summary
Total assets
$
6,870,305
$
6,849,221
$
6,902,675
$
6,991,754
$
5,701,294
Total securities available-for-sale
1,040,760
1,115,443
1,090,523
1,157,480
1,177,688
Total loans
5,245,870
5,185,237
5,252,131
5,264,505
3,998,667
Total deposits
5,444,688
5,564,999
5,596,069
5,760,250
4,798,439
Total liabilities
5,967,494
5,955,924
6,005,907
6,125,069
4,982,645
Total equity
902,811
893,297
896,768
866,685
718,649
Total tangible assets
$
6,719,760
$
6,697,509
$
6,749,787
$
6,836,565
$
5,588,090
Total tangible equity
752,266
741,585
743,880
711,496
605,445
Income statement summary
Net interest income
$
83,329
$
81,144
$
83,051
$
82,775
$
64,234
Provision for credit losses
7,500
9,500
3,000
19,653
2,500
Noninterest income
13,261
12,630
12,154
13,109
10,898
Noninterest expense
51,252
50,210
52,935
63,163
43,419
Net income
28,179
25,585
28,787
9,871
21,822
Effective tax rate
25.53
%
24.89
%
26.69
%
24.46
%
25.30
%
Profitability ratios
Return on average assets (ROAA)
1.65
%
1.51
%
1.64
%
0.56
%
1.53
%
Return on average equity (ROAE)
12.57
11.43
12.92
4.61
12.39
Net interest margin (tax-equivalent) 1
5.23
5.14
5.09
5.05
4.85
Efficiency ratio
51.72
52.40
53.98
64.46
55.99
Return on average tangible common equity (ROATCE) 1
15.58
14.20
16.15
6.16
15.29
Tangible common equity to tangible assets (TCE/TA) 1
11.19
11.07
11.02
10.41
10.83
Per share data
Diluted earnings per share
$
0.54
$
0.48
$
0.54
$
0.18
$
0.48
Tangible book value per share
14.77
14.35
14.12
13.51
13.44
Company capital ratios 3
Common equity tier 1 capital ratio
13.28
%
13.13
%
12.99
%
12.44
%
13.77
%
Tier 1 risk-based capital ratio
13.70
13.55
13.41
12.85
14.31
Total risk-based capital ratio
15.26
15.64
15.46
15.10
16.55
Tier 1 leverage ratio
12.05
11.88
11.70
11.21
11.83
Bank capital ratios 3, 4
Common equity tier 1 capital ratio
13.72
%
13.80
%
13.17
%
13.14
%
14.02
%
Tier 1 risk-based capital ratio
13.72
13.80
13.17
13.14
14.02
Total risk-based capital ratio
14.77
14.88
14.22
14.39
14.99
Tier 1 leverage ratio
12.05
12.09
11.49
11.45
11.59
1 See the discussion entitled "Non-GAAP Presentations" above and the full earnings release, found at www.oldsecond.com, under the Investor Relations tab, that provides a reconciliation of all non-GAAP financial measures to the most comparable GAAP equivalents.
2 All comparisons throughout this release are on a linked-quarter basis, unless otherwise noted.
3 Both the Company and the Bank ratios are inclusive of a capital conservation buffer of 2.50%, and both are subject to the minimum capital adequacy guidelines of 7.00%, 8.50%, 10.50%, and 4.00% for the Common equity tier 1, Tier 1 risk-based, Total risk-based and Tier 1 leverage ratios, respectively.
4 The prompt corrective action provisions are applicable only at the Bank level, and are 6.50%, 8.00%, 10.00%, and 5.00% for the Common equity tier 1, Tier 1 risk-based, Total risk-based and Tier 1 leverage ratios, respectively
CONTACT:
Bradley S. Adams
Chief Financial Officer
(630) 906-5484
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
3 Mid-Cap to Mega-Cap Stocks Have Announced Significant BuybacksSEI Investments NASDAQ: SEIC reported what executives described as an “outstanding” second quarter of 2026, with quarterly records for revenue, adjusted operating profit and adjusted earnings per share.
Chief Executive Officer Ryan Hicke said revenue rose 15% from the prior year, adjusted operating profit increased 36% and adjusted EPS grew 38%. Hicke told analysts the results reflected changes made over the past several years, including more disciplined capital allocation, an evolved value proposition and execution of strategic goals laid out at the company’s investor day.
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“This quarter is less about what happened during the last three months and more a reflection of the changes we have made over the past few years,” Hicke said.
Operating Leverage Drives Earnings Growth Chief Financial and Chief Operating Officer Sean Denham said the increase in adjusted EPS was driven primarily by core operating performance, including mid-teens revenue growth, 500 basis points of margin expansion and a 3% reduction in share count.
The quarter also included investment-related gains. Denham said SEI’s consolidated co-investment in an LSV hedge fund contributed $7.5 million through the net gain on variable interest entities line item. He said SEI invested $50 million in that strategy last year, and it has generated more than $12 million of gains over the last 12 months after excluding non-controlling interests. SEI also recognized nearly $4 million of mark-to-market gains across several other co-investments during the quarter.
Denham said revenue and operating profit increased across most of SEI’s businesses. Investment Managers Services generated 17% revenue growth, reflecting the conversion of prior sales into revenue. Private Banking revenue increased 11%, driven by growth within the existing client base. Advisors revenue rose 30%, benefiting from higher market values and the contribution from Stratos.
Institutional was the exception, with operating profit roughly flat from the prior year as SEI continued investing in asset management initiatives.
Sales Events Remain Elevated SEI reported $43 million of sales events during the quarter, following a record $67 million in the first quarter. Year-to-date sales events totaled $110 million.
Hicke said Investment Managers Services generated more than $32 million of sales events, driven by both new client wins and expanded relationships with existing clients. Denham said about three-quarters of IMS sales events came from alternative investments.
Private Banking produced more than $13 million of sales events, with activity tied to new regional bank wins, conversions from TRUST 3000 to the SEI Wealth Platform, and demand for professional services, including SEI Data Cloud. Denham said Private Banking also executed contract renewals representing $13 million of annualized revenue during the quarter, following $34 million in the first quarter.
Across Advisors and Institutional, net sales events were modestly negative. Denham said SEI continues to see demand for newer offerings such as ETFs and separately managed accounts, though those products generally carry lower fee rates than traditional mutual funds.
Private Markets, ETFs and Stratos Highlight Growth Plans Hicke pointed to several growth investments that he said currently contribute little to financial results but could become meaningful over time. One focus is expanding private markets into retail and retirement channels. He said SEI’s registered transfer agency, fund administration platform and trust company create a “full-stack capability” for managers seeking administration, transfer agency, investor servicing, compliance and operational infrastructure.
Hicke said SEI believes its retail alternatives and private markets retirement initiatives have the potential to become a business generating more than $100 million of annual run-rate revenue within five years.
SEI also continues to expand its asset management strategy. Hicke said the company launched its latest active factor ETF, SEUS, bringing its ETF lineup to 10 funds. He said SEI’s ETF business has grown from $3 billion to more than $8 billion over the past 12 months. He also cited SEI’s recently announced partnership with Carlyle as an example of product development tied to market opportunity.
Stratos, SEI’s advisor-focused platform, also remains a focus. Hicke said SEI advisors are showing interest in succession, liquidity and growth solutions without leaving the company’s ecosystem. Denham said Stratos contributed $21 million of revenue in the quarter, up 11% from the first quarter, and generated $2 million of operating profit before non-controlling interests. Excluding acquisition-related intangible amortization, Stratos EBITDA exceeded $9 million.
Technology and AI Investments Continue Management also emphasized investments in data, automation and artificial intelligence. Hicke said enhancements to SEI Data Cloud and the IMS platform are helping clients access information faster, simplify integrations, reduce operational complexity and make better use of data.
Sneha Shah, a member of SEI’s executive management team, said clients are asking SEI for help as they rethink operating models and evaluate where to use partners. She said SEI is seeing demand for SEI Data Cloud services and professional services tied to AI readiness.
Denham said SEI’s relationship with IBM is intended to support automation and help the company co-create agents for labor-intensive processes. Hicke said the IBM relationship is an enterprise-wide initiative, starting with IMS and expanding to other areas of the company.
Capital Returns and Outlook SEI ended the quarter with nearly $400 million of cash. The company repurchased $112 million of stock during the quarter at an average price of $87. Denham said repurchase activity was lower than in the first quarter, when market volatility created what SEI viewed as a significant opportunity, but said the company expects repurchases to increase from second-quarter levels.
Asked about balancing buybacks with acquisitions, Denham said SEI has roughly a $600 million revolving credit facility that is essentially untouched, giving the company capacity to support M&A activity, including Stratos-related opportunities.
SEI did not provide formal guidance. In response to an analyst question about sustaining low- to mid-teens revenue growth, Hicke said the company does not give guidance but described pipelines as “as strong as they’ve ever been” and said management is encouraged by what it sees for second-half revenue.
About SEI Investments (NASDAQ:SEIC)SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI's technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.
The company's core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.
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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SEI Investments (SEIC - Free Report) came out with quarterly earnings of $1.66 per share, beating the Zacks Consensus Estimate of $1.45 per share. This compares to earnings of $1.78 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +14.48%. A quarter ago, it was expected that this investment management firm would post earnings of $1.29 per share when it actually produced earnings of $1.44, delivering a surprise of +11.63%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
SEI, which belongs to the Zacks Financial - Investment Management industry, posted revenues of $641.62 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.58%. This compares to year-ago revenues of $559.6 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
SEI shares have added about 19.1% since the beginning of the year versus the S&P 500's gain of 9.7%.
What's Next for SEI?While SEI has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for SEI was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.55 on $666.96 million in revenues for the coming quarter and $5.98 on $2.59 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Investment Management is currently in the top 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Cannae Holdings, Inc. (CNNE - Free Report) , is yet to report results for the quarter ended June 2026.
This company is expected to post quarterly loss of $0.50 per share in its upcoming report, which represents a year-over-year change of +86.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Cannae Holdings, Inc.'s revenues are expected to be $103.7 million, down 5.9% from the year-ago quarter.
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Wealth concentration in the United States has reached extremes not witnessed in 100 years.
The richest 0.00001% of Americans now own 12% of national income, triple the Gilded Age peak, reports Moneywise.
Economist Gabriel Zucman highlights that in 1910 the figure stood at just 4%, but today it has soared dramatically.
“The focus is on the really narrow, very, very top of the distribution, the top 0.0001% that’s really a tiny number of individuals. That’s about 19 households today. It was four households in 1913. But this is where a lot of the action is taking place today.”
According to Zucman, the rate of income disparity has surged in the last 50 years to favor the top 1%. The economist adds that if the 19 wealthiest individuals decided to spend all of their fortunes, they could purchase about 10% of the value of all the goods and services produced in the US in a given year.
The United States now boasts 979 billionaires with combined assets of $5.7 trillion, the highest in the world. Forbes data shows that 15 of the 20 wealthiest people on the planet live in the US.
Zucman also notes that the ultra-wealthy are not spending their wealth in a way that could benefit lower-income individuals.
“It’s just an illustration of the overwhelming economic power that the rich have and the power that they have to buy elections, to buy media, to buy influence, to buy competitors.”
READING, Pa.--(BUSINESS WIRE)-- #EnerSys--EnerSys (NYSE: ENS), a global leader in stored energy solutions for industrial, infrastructure, and defense applications, announced today that the Company will release its first quarter fiscal 2027 financial results for the period ended July 5, 2026, after the market close on Wednesday, August 12, 2026. The press release and slide presentation will be available in the Investor Relations section of the Company's website at www.investor.enersys.com. The Company will.
Alaska Air Group, Inc. (ALK) Q2 2026 Earnings Call July 22, 2026 11:30 AM EDT
Company Participants
Ryan St. John - Vice President of Finance, Planning & Investor Relations
Benito Minicucci - President, CEO & Director and CEO of Alaska Airlines
Andrew Harrison - Chief Commercial Officer & Executive VP
Shane Tackett - CFO & President of Alaska Airlines
Emily Halverson - VP of Finance and Treasury, Controller & Principal Accounting Officer of Alaska Airlines, Inc
Andrew Harrison - Executive VP & Chief Commercial Officer of Alaska Airlines Inc
Conference Call Participants
Atul Maheswari - UBS Investment Bank, Research Division
Duane Pfennigwerth - Evercore ISI Institutional Equities, Research Division
Conor Cunningham - Melius Research LLC
Savanthi Syth - Raymond James Ltd., Research Division
Brandon Oglenski - Barclays Bank PLC, Research Division
Catherine O'Brien - Goldman Sachs Group, Inc., Research Division
Thomas Fitzgerald - TD Cowen, Research Division
Michael Goldie - BMO Capital Markets Equity Research
Scott Group - Wolfe Research, LLC
Andrew Didora - BofA Securities, Research Division
Presentation
Operator
Good morning, ladies and gentlemen, and welcome to the Alaska Air Group 2026 Second Quarter Earnings Call. [Operator Instructions] Today's call is being recorded and will be accessible for future playback at alaskaair.com. [Operator Instructions]
I would now like to turn the call over to Alaska Air Group's Vice President of Finance, Planning and Investor Relations, Ryan St. John.
Ryan St. John
Vice President of Finance, Planning & Investor Relations
Thank you, operator, and good morning. Thanks for joining us today to discuss our second quarter 2026 earnings results. Yesterday, we issued our earnings release along with several accompanying slides detailing our results, which are available at investor.alaskaair.com. On today's call, you'll hear updates from Ben, Andrew and Shane. Several others of our management team are also on the line to answer your questions during the Q&A portion of the call.
HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” or “the Partnership”) today declared the distribution attributable to the second quarter of 2026. Additionally, the Partnership announced the date of its second quarter 2026 earnings call. Common Distribution The Board of Directors of the general partner has approved a cash distribution of $0.32 per common unit attributable to the second quarter of 2026. This represents an increase of approximately 7% over t.
SANTA ANA, Calif.--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced financial results for the second quarter ended June 30, 2026. Current Quarter Highlights Earnings per diluted share of $2.12, or $2.08 per share on an adjusted basis Net investment gains of $12 million, or 9 cents per diluted share Purchase-relate.
Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Lamb Weston (LW) To Contact Him Directly To Discuss Their Options
If you are a long-term stockholder in Lamb Weston and would like to discuss your legal rights, contact Bragar Eagel & Squire partners Brandon Walker or Melissa Fortunato by email at [email protected] or by telephone at (212) 355-4648.
Click here to participate in the action.
NEW YORK, July 22, 2026 (GLOBE NEWSWIRE) --
What’s Happening:
Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Lamb Weston Holdings, Inc. (NYSE:LW) on behalf of long-term stockholders following a class action complaint that was filed against Lamb Weston on June 13, 2024 with a Class Period from July 25, 2023 to April 3, 2024. Our investigation concerns whether the board of directors of Lamb Weston have breached their fiduciary duties to the company.
Details:
The complaint alleged that, throughout the Class Period, Defendants made numerous material misrepresentations and omissions regarding the design and implementation of Lamb Weston’s new ERP system. Specifically, throughout the Class Period, (1) Defendants represented that, through the design of the Company’s new ERP system, Lamb Weston had “strengthen[ed] [its] operational infrastructure.” (2) The Company also downplayed any issues it experienced with the implementation of the system as merely “usual bumps,” and told investors that its financial guidance for fiscal 2024 appropriately accounted for any negative financial impact associated with the system’s deployment.
The complaint further alleged that the truth emerged on April 4, 2024, when Lamb Weston reported financial results for its fiscal third quarter 2024, and disclosed significant problems with its transition to the new ERP system. Those problems caused Lamb Weston to lose over $130 million in sales during the third quarter and led the Company to significantly reduce its sales guidance for its full fiscal year. The unsuccessful ERP transition resulted in Lamb Weston’s “reduced visibility into finished goods inventory at [ ] distribution centers,” which negatively impacted the Company’s ability to fulfill customer orders, resulting in shipment delays and cancelled orders. In total, Lamb Weston’s disastrous ERP system roll-out negatively impacted the Company’s net sales by $135 million, net income by $72 million, and adjusted earnings before interest, taxes, depreciation, and amortization by $95 million. Lamb Weston also cut its sales guidance range for fiscal 2024 by $330 million, at the midpoint. The Company disclosed that it expected sales volumes in its fiscal fourth quarter 2024 to be negatively impacted by some customers that were affected by Lamb Weston’s botched ERP transition, as those customers turned to Lamb Weston’s competitors to meet their needs. As a result of these disclosures, the price of Lamb Weston stock declined by $19.59 per share, or over 19%.
Next Steps:
If you are a long-term stockholder of Lamb Weston, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities, derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Follow us for updates on LinkedIn and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn.
EastGroup Properties (EGP - Free Report) came out with quarterly funds from operations (FFO) of $2.36 per share, missing the Zacks Consensus Estimate of $2.37 per share. This compares to FFO of $2.21 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of -0.42%. A quarter ago, it was expected that this real estate investment trust would post FFO of $2.29 per share when it actually produced FFO of $2.34, delivering a surprise of +2.18%.
Over the last four quarters, the company has surpassed consensus FFO estimates two times.
EastGroup Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $193.33 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.26%. This compares to year-ago revenues of $177.29 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
EastGroup Properties shares have added about 24.3% since the beginning of the year versus the S&P 500's gain of 9.7%.
What's Next for EastGroup Properties?While EastGroup Properties has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for EastGroup Properties was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus FFO estimate is $2.42 on $196.25 million in revenues for the coming quarter and $9.59 on $780.11 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the top 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, National Health Investors (NHI - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 10.
This health care real estate investment trust is expected to post quarterly earnings of $1.26 per share in its upcoming report, which represents a year-over-year change of +3.3%. The consensus EPS estimate for the quarter has been revised 8.4% lower over the last 30 days to the current level.
National Health Investors' revenues are expected to be $118 million, up 30.2% from the year-ago quarter.
SILICON SLOPES, Utah--(BUSINESS WIRE)---- $DOMO--Domo, Inc. (NASDAQ: DOMO) (“Domo” or the “Company”) today announced that its Board of Directors has unanimously approved a definitive agreement under which Progress Software Corporation (NASDAQ: PRGS) (“Progress”) will acquire substantially all of the assets and employees, excluding the Company's net operating loss (“NOL”) carryforwards, and assume certain liabilities of the Company for $400 million in cash, subject to customary purchase price adjustments.
Acquisition further strengthens the capabilities of Progress data platform offerings to provide organizations the context and control to securely turn fragmented enterprise knowledge into governed, AI-ready intelligence—improving accuracy, speed and cost.
BURLINGTON, Mass., July 22, 2026 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), an AI infrastructure software leader, today announced that it entered into an agreement to acquire substantially all of the assets and assume certain liabilities of Domo, including its AI and data products platform.
The acquisition aligns with Progress’ strategy to deliver the context and control for AI so customers can achieve their business goals with confidence. Domo’s agentic platform for the intelligent enterprise complements and significantly broadens Progress’ data platform offerings, creating powerful synergies to deliver innovative, secure and scalable AI data readiness solutions worldwide.
“Effective AI starts with accurate, trusted data and content to provide the context for accurate and verifiable outcomes,” said Yogesh Gupta, CEO of Progress Software. “Domo is a leading AI and data platform that enables businesses to access, integrate and leverage their data at scale. Domo’s product capabilities, coupled with their team’s expertise in cloud architectures and analytics, are highly complementary to our expanding Progress data platform capabilities that significantly improve the security, governance and cost of our customers’ AI initiatives.”
Domo will add a customer base of over 2,400 businesses, as well as a global and strategic ecosystem of cloud data warehouse technology partnerships.
“We have built Domo around the simple idea that trusted data should help people make better decisions and take action,” said Josh James, founder and CEO of Domo. “The addition of our product capabilities to the Progress data platform will give customers a stronger foundation for building AI that understands their business, works from governed data and can be trusted to support meaningful decisions.”
The proposed acquisition of Domo’s AI and data platform business is another example of the continued execution of Progress’ Total Growth Strategy. Progress continues to maintain financial discipline while seeking to acquire strong businesses with products that complement its existing AI solutions portfolio, include a robust customer base with strong retention rates and solid recurring revenue, and align with its company culture.
Reiterating Guidance
Based on currently available information, Progress anticipates revenue and non-GAAP earnings per share for its fiscal third quarter will be within or above the high end of previously issued guidance provided on June 30, 2026. The company will discuss full financial results of its third quarter on a conference call on September 30, 2026.
Transaction Details
The transaction is structured as an asset purchase where Progress intends to acquire substantially all of the assets and assume certain liabilities of Domo for a cash purchase price of $400 million. The acquisition is currently expected to close within Progress’ fiscal year, ending November 30, 2026, subject to obtaining regulatory approvals and the satisfaction of other customary closing conditions as set forth in the definitive agreement.
Progress expects to finance the transaction with a combination of cash and Progress’ existing revolving credit facility.
Conference Call
Progress will host a conference call to review details of the transaction at 5 p.m. EDT today, Wednesday, July 22, 2026. A live webcast of the call will be available using this link. To access the conference call by phone, please use this link to retrieve dial-in details. Attendees must register for the conference call, and an archived version and support materials will be available on the Progress Investor Relations webpage shortly after the conference call concludes.
Advisors
Citi is serving as the exclusive financial advisor for Progress on this transaction, and DLA Piper LLP (US) is serving as Progress’ legal counsel. Jefferies LLC is serving as the exclusive financial advisor to Domo, and Goodwin Procter LLP is serving as legal counsel.
About Progress Software
Progress Software (Nasdaq: PRGS) provides the context and control organizations need to reliably extract value from AI — context drawn from an organization's data, content and workflows, and control over the security, governance and cost of their AI initiatives. Learn how hundreds of thousands of businesses, powering the work of tens of millions of professionals worldwide, realize value from trusted, enterprise-ready AI at www.progress.com.
About Domo
Domo (Nasdaq: DOMO) is an AI and Data Products platform that helps companies of all sizes leverage data and AI to drive value in today’s data-driven world. Built around our customers’ preferred data foundation, powered by our award-winning Domo.AI solution, and enriched with our partner ecosystem, the Domo platform enables users to prepare, visualize, automate, distribute, and build end-to-end data products that provide solutions across the entire data journey. From hydrating your data foundation, to building fully embedded applications that can be shared with your employees and customers, to deploying AI models across a variety of providers, Domo gives users the ability to build data products that generate measurable value for the business.
Note Regarding Forward-Looking Statements
This press release contains statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Progress has identified some of these forward-looking statements with words like “believe,” “may,” “could,” “would,” “might,” “should,” “expect,” “intend,” “plan,” “target,” “anticipate” and “continue,” the negative of these words, other terms of similar meaning or the use of future dates. Risks, uncertainties and other important factors that could cause actual results to differ from those expressed or implied in the forward-looking statements include: Progress’ ability to close the proposed transaction, the expected time of closing or the expected benefits therefore; uncertainties as to the effects of disruption from the acquisition of Domo making it more difficult to maintain relationships with employees, licensees, other business partners or governmental entities; other business effects, including the effects of industry, economic or political conditions outside of Progress’ control; transaction costs; actual or contingent liabilities; uncertainties as to whether anticipated synergies or tax benefits will be realized; and uncertainties as to whether Domo’s business will be successfully integrated with Progress’ business. For further information regarding risks and uncertainties associated with Progress’ business, please refer to Progress’ filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended November 30, 2025. Progress undertakes no obligation to update any forward-looking statements, which speak only as of the date of this press release.
Non-GAAP Financial Information
This press release contains certain non-GAAP financial measures. These measures are provided solely as supplemental information and are not intended to be considered in isolation or as a substitute for the comparable GAAP measures; these measures reflect assumptions and expected synergies from the transaction and are subject to risks and uncertainties. Progress is unable to provide a reconciliation of the projected non-GAAP measures provided herein to the relevant projected GAAP measures without unreasonable effort because certain items necessary to calculate such GAAP measures are inherently uncertain and dependent on future events.
Progress is a trademark or registered trademark of Progress Software Corporation and/or its subsidiaries or affiliates in the U.S. and other countries. Any other names contained herein may be trademarks of their respective owners.
CINCINNATI--(BUSINESS WIRE)--Medpace Holdings, Inc. (Nasdaq: MEDP) (“Medpace”) today announced financial results for the second quarter ended June 30, 2026. Second Quarter 2026 Financial Results Revenue for the three months ended June 30, 2026 increased 17.2% to $707.3 million, compared to $603.3 million for the comparable prior-year period. On a constant currency basis, revenue for the second quarter of 2026 increased 17.2% compared to the second quarter of 2025. Backlog as of June 30, 2026 in.
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Stock Market Rally Defies Rising Oil, Bond Yields; Chips Lead As Seagate, Micron Make Bullish Moves Medpace Holdings (MEDP) stock surged by double digits late Wednesday, helped by a big bookings beat, rebounding from a poor start to the year. The contract research organization, or CRO, put up a book-to-bill ratio of 1.13x, easily above expectations for 0.95x to 1.01x, according to Leerink Partners analyst Michael Cherny. That means Medpace received more new orders than it…
Logitech International SA (USA) (NASDAQ:LOGI) is expected to deliver fiscal first-quarter results near the upper end of its guidance range when it reports on July 28, according to Wedbush analysts.
The analysts maintained their ‘Outperform’ rating and $135 price target ahead of the release, implying upside from current levels of about $104.
They expect Logitech to post revenue of $1.21 billion for the quarter, up 5% from a year earlier and slightly above the consensus estimate of $1.20 billion.
They also expect non-GAAP operating income of $215 million, at the top end of the company's guidance range of $195 million to $215 million and above the consensus estimate of $209 million.
Wedbush projects earnings per share of $1.39, compared with the consensus forecast of $1.32. The firm expects gross margin to improve by about 160 basis points year over year to 43.7%, driven by pricing improvements, although partially offset by promotional activity.
The analysts expect Logitech to report growth despite ongoing pressure on the broader PC market, supported by strength across multiple product categories and geographic markets.
"We expect Logitech to report in line growth despite category headwinds as it diversifies its strengths across categories and geographies," Wedbush wrote.
By segment, the firm forecasts 3% year-over-year growth in Personal Workspace Solutions, including 5% growth in Keyboards & Combos and 4% growth in Pointing Devices, while Webcams and Tablets & Other Accessories are expected to remain broadly flat. Video Collaboration revenue is projected to rise 5% despite a difficult comparison from the prior year, while Gaming revenue is expected to increase 10%, supported by the launch of Logitech's G Pro X2 Superstrike gaming mouse and continued momentum from its China-focused strategy.
Wedbush also highlighted Logitech's ability to expand margins despite higher component and shipping costs, citing product innovation, cost reductions, targeted promotions, and supply chain improvements. The firm noted that the company's focus on expanding its business-to-business operations, gaining market share in China, reaccelerating its video conferencing business, and strengthening its position in personal workspace solutions has helped offset broader industry challenges.
The analysts also pointed to Logitech's balance sheet as a source of flexibility, noting the company holds approximately $12 per share in cash and carries no debt, providing capacity for acquisitions, share repurchases, and dividend growth.
Logitech will report its fiscal Q1 results after the market closes on July 28.
Rollins (ROL - Free Report) came out with quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.3 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -5.88%. A quarter ago, it was expected that this operator of Orkin and other pest and termine control services would post earnings of $0.24 per share when it actually produced earnings of $0.24, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Rollins, which belongs to the Zacks Building Products - Maintenance Service industry, posted revenues of $1.08 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.73%. This compares to year-ago revenues of $999.53 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Rollins shares have lost about 26.9% since the beginning of the year versus the S&P 500's gain of 9.7%.
What's Next for Rollins?While Rollins has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Rollins was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.39 on $1.14 billion in revenues for the coming quarter and $1.24 on $4.14 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Maintenance Service is currently in the bottom 3% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Business Services sector, Stantec (STN - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 12.
This engineering firm is expected to post quarterly earnings of $1.15 per share in its upcoming report, which represents a year-over-year change of +17.4%. The consensus EPS estimate for the quarter has been revised 0.8% lower over the last 30 days to the current level.
Stantec's revenues are expected to be $1.3 billion, up 13% from the year-ago quarter.
PEORIA, Ill.--(BUSINESS WIRE)-- #casualtyinsurance--RLI reported second quarter 2026 net earnings of $168.0 million, or $1.82 per share, and operating earnings of $76.9 million, or $0.83 per share.
3 Dividend Stocks with Growth on Tap for the Second HalfKinder Morgan NYSE: KMI reported second-quarter 2026 results that executives said exceeded both year-earlier levels and the company’s internal budget, as stronger natural gas volumes, higher commodity-related contributions and broad-based segment performance supported the quarter.
Executive Chairman Rich Kinder said the company’s adjusted EBITDA and earnings per share continued to exceed both prior-year results and Kinder Morgan’s 2026 budget “by significant margins.” He said the company continues to benefit from rising demand tied to LNG exports and natural gas-fired power generation, creating additional opportunities for midstream infrastructure backed by long-term contracts.
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Pipelines and Automation: 2 Energy Plays Built for Any Oil PriceCEO Kim Allen Dang called the quarter “another fantastic quarter” and said adjusted EBITDA increased 12% from the second quarter of 2025, while adjusted earnings per share rose 32%. Dang said every business segment contributed positively to the year-over-year performance.
Kinder Morgan Raises 2026 Outlook Dang said Kinder Morgan is raising its full-year guidance after a strong first half and confidence in the remainder of 2026. The company now expects full-year adjusted EBITDA to be at least 5% above its 2026 budget and adjusted EPS to be at least 11% above the original budget.
Kinder Morgan’s Cash Flow Drives Upside: Potential Swells in Q1CFO David Michels said second-quarter net income attributable to Kinder Morgan was $867 million, with EPS of $0.39. Those figures were up 21% and 22%, respectively, from the second quarter of 2025. Adjusted EPS was $0.37, up 32% year over year, and adjusted EBITDA rose 12%.
Michels said EPS came in more than 24% above budget for the quarter, while adjusted EBITDA was more than 9% above budget. Year to date, he said EBITDA has grown 15% and adjusted EPS has grown 35% compared with 2025.
The company declared a quarterly dividend of $0.2975 per share, or $1.19 annualized, representing a 2% increase over 2025.
Natural Gas Demand Drives Growth Opportunities Dang said the fundamentals supporting Kinder Morgan’s natural gas business “have never been stronger.” Citing Wood Mackenzie’s latest outlook, she said U.S. natural gas demand is expected to exceed 160 billion cubic feet per day by 2035, an increase of about 46 Bcf per day compared with 2025. Dang said the primary drivers are increased LNG export capacity and rapidly growing power demand.
President Dax Sanders said natural gas transport volumes increased 7% from the second quarter of 2025. He cited several drivers, including increased LNG feed gas deliveries on Tennessee Gas Pipeline, higher demand on Kinder Morgan’s intrastate system, increased power demand along the El Paso pipeline and greater exports to Mexico.
Sanders said natural gas gathering volumes increased 26% year over year, with the largest contribution from the KinderHawk system in the Haynesville, where volumes rose 54%.
Sanders said Kinder Morgan is evaluating projects to serve more than 10 Bcf per day of natural gas demand in the power generation sector and about 3 Bcf per day in the LNG sector.
Backlog Remains Near Historic Highs Dang said Kinder Morgan’s project backlog stood at approximately $9.6 billion at the end of the quarter, down from about $10.1 billion. The decline was mainly due to the company placing more than $650 million of projects into service, partly offset by about $200 million of new project additions.
Dang said the board contingently approved nearly $400 million of projects that are in advanced contract negotiations. Those projects will be added to the backlog upon contract execution, which she said would “virtually” offset the quarter’s backlog decline.
Dang also said the company expects to add significant projects from its more than $10 billion opportunity set before year-end, likely more than offsetting the roughly $1 billion of projects expected to enter service during the second half of 2026.
Kinder Morgan’s three largest natural gas expansion projects — Mississippi Crossing, South System Expansion Four and Trident — remain on schedule and on budget, Dang said. Mississippi Crossing and South System Expansion Four received final FERC environmental impact statements in June, and the company expects FERC certificates by the end of the month. Trident is about 60% complete.
During the question-and-answer session, Dang said Kinder Morgan has room to fund additional capital spending while remaining within its leverage targets. She said the company ended the quarter at 3.6 times leverage and could add $3.4 billion of balance sheet capacity if leverage moved to 4.0 times.
Segment Performance Mixed Outside Natural Gas In products pipelines, Sanders said refined product volumes declined 5% compared with the second quarter of 2025. Crude and condensate volumes were down 16% from the first quarter of 2025, mostly due to the removal of Double H from service for an NGL conversion early in the third quarter of 2025. Excluding Double H volumes in both periods, crude and condensate volumes were down about 5% year over year.
Sanders said Kinder Morgan and Phillips 66 continue to move forward on Western Gateway. He said partnership agreements have taken longer than expected because of the complexity of the proposed arrangement, but the company aims to complete documents within the next month or two and, assuming progress continues, move to a final investment decision.
In terminals, Sanders said liquids lease capacity remained high at 93%, and utilization of tanks available for use was about 99% at key hubs on the Houston Ship Channel and at Carteret. He said the tanker fleet remains well contracted, assuming likely options are exercised, with 100% leased through 2026, 97% leased through 2027 and 80% leased through 2028.
The CO₂ segment reported 10% higher net oil production volumes compared with the second quarter of 2025, led by a 15% increase at SACROC. NGL volumes rose 9%, while CO₂ volumes increased 5%. Renewable natural gas volumes increased 8% as improved operations drove higher uptime and hydrocarbon recovery.
Balance Sheet and Capital Allocation Michels said Kinder Morgan ended the quarter with net debt to adjusted EBITDA of 3.6 times, down from 3.8 times at the beginning of the year and below the company’s budget. He said Kinder Morgan now expects to end 2026 at 3.6 times leverage, compared with a budgeted 3.8 times, despite higher spending tied to the Monument acquisition and increased growth capital.
Year to date, Michels said Kinder Morgan generated $3.45 billion of cash flow from operations, paid $1.315 billion in dividends, spent $1.92 billion on total capital and completed the $500 million Monument acquisition. Net debt increased $311 million over that period.
Dang said Kinder Morgan does not currently view itself as capital constrained. She said acquisitions compete with expansion projects for capital, but noted that acquisitions include immediate cash flow, while expansion projects typically involve a timing drag before generating returns.
About Kinder Morgan (NYSE:KMI)Kinder Morgan NYSE: KMI is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company's assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.
Kinder Morgan's operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.
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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Kinder Morgan (KMI - Free Report) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +19.36%. A quarter ago, it was expected that this oil and natural gas pipeline and storage company would post earnings of $0.38 per share when it actually produced earnings of $0.48, delivering a surprise of +26.32%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Kinder Morgan, which belongs to the Zacks Oil and Gas - Production and Pipelines industry, posted revenues of $4.48 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.33%. This compares to year-ago revenues of $4.04 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Kinder Morgan shares have added about 17.8% since the beginning of the year versus the S&P 500's gain of 9.7%.
What's Next for Kinder Morgan?While Kinder Morgan has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Kinder Morgan was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.33 on $4.42 billion in revenues for the coming quarter and $1.49 on $18.17 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Production and Pipelines is currently in the bottom 11% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Enbridge (ENB - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 31.
This oil and natural gas transportation and power transmission company is expected to post quarterly earnings of $0.44 per share in its upcoming report, which represents a year-over-year change of -6.4%. The consensus EPS estimate for the quarter has been revised 1% lower over the last 30 days to the current level.
Enbridge's revenues are expected to be $11.03 billion, up 2.6% from the year-ago quarter.
MERRILLVILLE, Ind.--(BUSINESS WIRE)--NiSource Inc. (NYSE: NI) today announced that the company will release second quarter 2026 financial results on August 5, 2026, before US financial markets open and will host a conference call that day at 11 a.m. EDT (10 a.m. CT) to review second quarter 2026 financial results and provide a general business update. All interested parties may listen to the conference call live on August 5 by logging onto the NiSource website at www.nisource.com. A link on the.
WEST PALM BEACH, FL / ACCESS Newswire / July 22, 2026 / ELEKTROS Inc. announced that its common stock appreciated 23.40% during the trading day as the Company continued executing its strategic initiatives.
Management said it is reviewing a prospective U.S. site for a network of approximately 10 to 15 high-speed electric vehicle charging stations. The location is viewed as promising because of surrounding commercial activity and accessibility, pending all required approvals and agreements.
In Sierra Leone, previously extracted lithium material continues to be organized for potential shipment as the Company advances its long-term resource development strategy.
Chief Executive Officer Shlomo Bleier commented: "We appreciate the continued confidence of our shareholders as we pursue opportunities designed to support sustainable growth."
Forward-Looking Statements
This release contains forward-looking statements subject to risks, uncertainties, and other factors that could cause actual results to differ materially.
July 22, 2026 17:00 ET | Source: Brown & Brown, Inc.
DAYTONA BEACH, Fla., July 22, 2026 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) announces that the board of directors has declared a regular quarterly cash dividend of $0.165 per share. The dividend is payable on August 19, 2026, to shareholders of record on August 12, 2026.
About Brown & Brown, Inc.
Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm delivering comprehensive and customized insurance solutions and specialization since 1939. With a global presence spanning 700+ locations and a team of approximately 23,000 professionals, we are dedicated to delivering scalable, innovative strategies for our customers at every step of their growth journey. Learn more at BBrown.com.
For more information:
R. Andrew Watts
Chief Financial Officer
(386) 239-5770
SAN DIEGO--(BUSINESS WIRE)--Dexcom (NASDAQ: DXCM), the global leader in glucose biosensing, today announced it is the first company selected by the U.S. Food and Drug Administration (FDA) to participate in the Technology-Enabled Meaningful Patient Outcomes (TEMPO) Pilot Program, a first-of-its-kind initiative designed to evaluate innovative digital health technologies that improve chronic disease management while generating real-world evidence. Participation in the TEMPO pilot will allow Dexcom.
CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today that its Board of Directors has declared a quarterly cash dividend of $0.79 per common share, payable October 15, 2026, to shareholders of record as of September 30, 2026.About Lincoln ElectricLincoln Electric is a high-performance industrial machinery and technology leader who helps customers manufacture and maintain vital equipment and infrastructure. Lincoln Electric's innovative solutions enable highe.
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Chairman Martin Mucci reported a disposition of 9,309 shares of Paychex, Inc. (PAYX -1.09%) on July 17, 2026, according to an SEC Form 4 filing.
Transaction summaryMetricValueShare value$1.1 millionShares gifted9,309Post-transaction shares (directly held)434,891Post-transaction value$49.75 millionKey questionsWhat was the nature of this transaction?
The transaction was a philanthropic gift of 9,309 shares to The Mucci Family Foundation, rather than an open-market sale for personal liquidity.What is the insider's remaining exposure to the company?
Mucci continues to hold about 435,000 shares directly, valued at $49.75 million as of the transaction date, and maintains a substantial number of derivative securities directly.How does this move align with recent share performance?
The transfer occurred following a roughly 20% decline in the company's share price over the previous 12 months as of July 17, 2026.What are the core business operations of the company?
Founded in 1971 and based in Rochester, New York, Paychex provides human capital management solutions, including payroll processing, HR services, and employee benefits administration, primarily for small to medium-sized enterprises.Company OverviewMetricValueShare Price (as of market close 2026-07-20)$115.20Market Capitalization$41.0 billionRevenue (TTM)$6.5 billionNet Income (TTM)$1.8 billionCompany SnapshotPaychex delivers comprehensive human capital management (HCM) solutions, including payroll processing, payroll tax administration, employee benefits administration, and insurance services to its customer base.The software-as-a-service company generates revenue through recurring subscription-based services for payroll and HCM solutions, supplemented by ancillary services such as employee benefits administration and insurance offerings.Paychex primarily serves small to medium-sized enterprises (SMEs) across the United States, Europe, and India, addressing their core human resources and payroll administration requirements.Paychex, Inc. is a market-leading provider of human capital management solutions with a market capitalization of $41.0 billion and TTM revenues of $6.5 billion. The company maintains a diversified service portfolio serving multiple geographies and positioning itself as a critical infrastructure provider for SME payroll and HR operations. Paychex's recurring revenue model and established customer relationships provide a stable financial foundation within the staffing and employment services sector.
What this transaction means for investorsMucci leads the eponymous Mucci Family Foundation, which supports higher education initiatives as well as regional community programs, and gifts like this are often driven by estate and philanthropic planning. It’s also worth noting Mucci still holds about 435,000 shares directly, so the former CEO turned chairman remains one of Paychex's most invested insiders.
The company under him spent the past year growing faster than its stock. Paychex wrapped fiscal 2026 in June with revenue up 17% to $6.51 billion and adjusted earnings per share up 11% to $5.51, absorbing the Paycor acquisition. Then it guided fiscal 2027 to just 5% to 6% revenue growth. CEO John Gibson credited "the successful integration of Paycor to advance our upmarket expansion." For long-term investors, that guidance explains the roughly 20% slide in the shares, but the gift itself says nothing bearish. The decelerating outlook is the thing that actually deserves the scrutiny.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company Elects President and Chief Operating Officer Edric C. Funk to Succeed Richard M. Olson as Chief Executive Officer.
PulteGroup, Inc. (PHM) Q2 2026 Earnings Call July 22, 2026 8:30 AM EDT
Company Participants
James Zeumer - Vice President of Investor Relations
Ryan Marshall - President, CEO & Director
James Ossowski - Executive VP & CFO
Conference Call Participants
John Lovallo - UBS Investment Bank, Research Division
Richard Reid - Wells Fargo Securities, LLC, Research Division
Matthew Bouley - Barclays Bank PLC, Research Division
Stephen Kim - Evercore ISI Institutional Equities, Research Division
Alan Ratner - Zelman & Associates LLC
Michael Dahl - RBC Capital Markets, Research Division
Anthony Pettinari - Citigroup Inc., Research Division
Trevor Allinson - Wolfe Research, LLC
Jonathan Bettenhausen - Truist Securities, Inc., Research Division
Rafe Jadrosich - BofA Securities, Research Division
Susan Maklari - Goldman Sachs Group, Inc., Research Division
Kenneth Zener - Seaport Research Partners
Ryan Gilbert - BTIG, LLC, Research Division
Presentation
Operator
Thank you for standing by. My name is Jordan, and I'll be your conference operator today. At this time, I'd like to welcome everyone to the PulteGroup, Inc. Q2 2026 Earnings Conference Call. [Operator Instructions]
Thank you. I would now like to turn the call over to Jim Zeumer. Please go ahead.
James Zeumer
Vice President of Investor Relations
Thank you, Jordan. Good morning. I want to welcome everyone to today's call to review PulteGroup's operating and financial results for our second quarter ended June 30, 2026. Joining me on today's call are Ryan Marshall, President and CEO; Jim Ossowski, Executive Vice President and CFO; and David Carrier, Senior VP, Finance.
In advance of this call, a copy of our Q2 earnings release and this morning's webcast presentation have been posted to our corporate website at pultegroup.com. We will also post an audio replay of this call later today. I would highlight that today's presentation includes forward-looking statements about the company's expected future performance. Actual results could differ materially from those suggested by our comments
SAN JOSE, Calif., July 22, 2026 (GLOBE NEWSWIRE) -- QuantumScape Corporation (NASDAQ: QS), a global leader in next-generation solid-state lithium-metal battery technology, today announced its business and financial results for the second quarter of 2026, which ended June 30.
The company posted a letter to shareholders on its Investor Relations website, ir.quantumscape.com, that details second-quarter financial results and provides a business update.
QuantumScape will host a live webcast today at 2 p.m. Pacific Time (5 p.m. Eastern Time), accessible via its IR Events page. Siva Sivaram, chief executive officer, and Kevin Hettrich, chief financial officer, will participate on the call.
An archive of the webcast will be available shortly after the call for 12 months.
About QuantumScape Corporation
QuantumScape is on a mission to revolutionize energy storage to enable a sustainable future. The company’s next-generation batteries are designed to enable greater energy density, faster charging and enhanced safety to support the transition away from legacy energy sources toward a lower carbon future. For more information, visit www.quantumscape.com.
QS stock is moving. Watch the price action here. QuantumScape Q2 Details QuantumScape reported quarterly losses of 16 cents per share, which beat the analyst consensus estimate for losses of 18 cents, according to Benzinga Pro data.
Customer billings came in at $10.8 million for the quarter, representing the total value of invoices issued to customers and partners, regardless of accounting treatment; this metric may fluctuate quarter to quarter as engagement activity progresses.
Capital expenditures totaled $4.6 million for the quarter, driven mainly by investments in the company’s technology roadmap and related facility spending.
For full-year 2026, capex guidance has been lowered to $27 million to $37 million, reflecting tighter capital discipline and cost savings on select projects.
QS Stock Price Activity: According to data from Benzinga Pro, QuantumScape stock fell 4.60% to $5.60 in Wednesday’s extended trading.
Photo: Courtesy QuantumScape
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IRVINE, Calif.--(BUSINESS WIRE)--Boot Barn Holdings, Inc. (NYSE: BOOT) today announced that the company will release its financial results for the first quarter fiscal year 2027 ended June 27, 2026, after the market close on Wednesday, July 29, 2026. Management will host a conference call that afternoon (July 29, 2026) at 4:30 p.m. ET (1:30 p.m. PT) to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial (844) 825-9789 at 4:25 p.m. ET.
, /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, announced its Board of Directors ("Board") today received an unsolicited, preliminary and non-binding proposal ("Proposal") from Penske Corporation ("PC") and Mitsui & Co., Ltd. ("Mitsui") to acquire the remaining shares of the Company's common stock that they and their affiliates do not currently own for cash consideration of $210 per share. PC and Mitsui and their affiliates currently beneficially own collectively 72.6% of the Company's outstanding common stock. A copy of the Proposal is available as an exhibit to the Company's Current Report on Form 8-K which will be publicly filed today with the Securities and Exchange Commission.
The Board has established a special committee comprised of disinterested and independent directors to review and consider the Proposal. The special committee is authorized to retain advisors, including independent legal and financial advisors, to assist it in its work. There can be no assurance as to whether an agreement relating to any proposed transaction will be reached or as to the terms thereof if an agreement is reached. The Company does not intend to comment further or disclose any developments regarding the Proposal unless and until it deems further disclosure is appropriate or required. The Company's shareholders do not need to take any action at this time.
About Penske Automotive
Penske Automotive Group, Inc., (NYSE: PAG) headquartered in Bloomfield Hills, Michigan, is a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers. PAG operates dealerships in the United States, the United Kingdom, Canada, Germany, Italy, Japan, and Australia and is one of the largest retailers of commercial trucks in North America for Freightliner. PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems, and related parts and services principally in Australia and New Zealand. PAG employs over 28,800 people worldwide. Additionally, PAG owns 28.9% of Penske Transportation Solutions ("PTS"), a business that employs nearly 41,000 people worldwide, manages one of the largest, most comprehensive and modern trucking fleets in North America with over 387,500 trucks, tractors, and trailers under lease, rental, and/or maintenance contracts and provides innovative transportation, supply chain, and technology solutions to its customers. PAG is a member of the S&P Mid Cap 400, Fortune 500, Russell 1000, and Russell 3000 indexes. For additional information, visit the Company's website at www.penskeautomotive.com.
Caution Concerning Forward Looking Statements
Statements in this press release may involve forward-looking statements, including forward-looking statements regarding Penske Automotive Group, Inc.'s financial performance, expectations, and future plans. Actual results may vary materially because of risks and uncertainties that are difficult to predict. These risks and uncertainties include, among others, whether and on what terms any transaction will be consummated, those related to macro-economic, geo-political and industry conditions and events, including their impact on sales of new and used vehicles, service and parts, and repair and maintenance services, the availability of consumer credit, changes in consumer demand, consumer confidence levels, fuel prices, demand for trucks to move freight with respect to Penske Transportation Solutions ("PTS") and Premier Truck Group, and other freight metrics such as spot rates or miles driven, personal discretionary spending levels, interest rates, foreign currency exchange rates, and unemployment rates; our ability to obtain vehicles and parts from our manufacturers, especially in light of supply chain disruptions due to natural disasters, tariffs and non-tariff trade barriers, any shortages of vehicle components, international conflicts, challenges in sourcing labor, labor strikes, work stoppages, or other disruptions; the control our manufacturer partners can exert over our operations and our reliance on them for various aspects of our business; risks to our reputation and those of our manufacturer partners; changes in the retail model from direct sales by manufacturers, a transition to an agency model of sales, sales by online competitors, or from the expansion of electric vehicles; disruptions to the security and availability of our information technology systems and those of our third party providers, which systems are increasingly threatened by ransomware and other cyber-attacks; the effects of a pandemic on the global economy, including our ability to react effectively to changing business conditions in light of any pandemic; the impact of tariffs targeting imported vehicles and parts, as well as changes or increases in tariffs, trade restrictions, trade disputes, or non-tariff trade barriers; the rate of inflation, including its impact on vehicle affordability; our ability to consummate, integrate, and realize returns on our acquisitions; with respect to PTS, changes in the financial health of its customers, labor strikes, or work stoppages by its employees, a reduction in PTS' asset utilization rates, the cost of acquiring and the continued availability from truck manufacturers and suppliers of vehicles and parts for its fleet, including with respect to the effect of various regulations concerning its vehicle fleet, changes in values of used trucks which affects PTS' profitability on truck sales and regulatory risks and related compliance costs, our ability to realize returns on our significant capital investments in new and upgraded dealership facilities; our ability to navigate a rapidly changing automotive and truck landscape; our ability to respond to new or enhanced regulations in both our domestic and international markets relating to dealerships and vehicle sales, including those related to the sales process, emissions standards, or electrification; the success of our distribution of commercial vehicles, engines, and power systems; natural disasters; recall initiatives or other disruptions that interrupt the supply of vehicles or parts to us; risks and uncertainties relating to an unsolicited, preliminary and non-binding take private proposal received from Penske Corporation and Mitsui & Co., Ltd. and their affiliates to acquire all of the shares of the Company not already owned by them, including the possibility that any such transaction may not be pursued, approved, or consummated on the proposed terms, within any anticipated timeframe, or at all; the outcome of legal and administrative matters and other factors over which management has limited control. These forward-looking statements should be evaluated together with additional information about Penske Automotive Group's business, markets, conditions, risks, and other uncertainties, which could affect Penske Automotive Group's future performance. The risks and uncertainties discussed above are not exhaustive and additional risks and uncertainties are addressed in Penske Automotive Group's Form 10-K for the year ended December 31, 2025, its Form 10-Q for the quarterly period ended March 31, 2026, and its other filings with the Securities and Exchange Commission. This press release speaks only as of its date, and Penske Automotive Group disclaims any duty to update the information herein.
, /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global manufacturer, developer, and distributor of technology-driven sensing and controls products and solutions for residential and commercial end-markets, will release second quarter 2026 financial results after the close of the New York Stock Exchange on Wednesday, August 12, 2026. A webcast to discuss the results will be held on Wednesday, August 12, 2026, at 5:00 p.m. EDT.
About Resideo
Resideo is a leading global manufacturer, developer, and distributor of technology-driven sensing and controls products and solutions for residential and commercial end-markets. We are a leader in the home heating, ventilation, and air conditioning controls markets, smoke and carbon monoxide detection home safety and fire suppression products markets, and security products markets. Our solutions and services can be found in over 150 million residential and commercial spaces globally, with tens of millions new devices sold annually. For more information about Resideo and our trusted, well-established brands including First Alert, Honeywell Home, BRK, Control4, and others, visit www.resideo.com.
MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE: GGG) today announced results for the second quarter ended June 26, 2026. Summary $ in millions except per share amounts Three Months Ended Six Months Ended Jun 26, 2026 Jun 27, 2025 % Change Jun 26, 2026 Jun 27, 2025 % Change Net Sales $ 590.6 $ 571.8 3 % $ 1,130.7 $ 1,100.1 3 % Operating Earnings 175.1 157.5 11 % 312.9 301.5 4 % Net Earnings 144.9 127.6 14 % 263.4 251.7 5 % Diluted Net.
July 22, 2026 16:30 ET | Source: Enovix Corporation
FREMONT, Calif., July 22, 2026 (GLOBE NEWSWIRE) -- Enovix Corporation (Nasdaq: ENVX) (“Enovix”), a developer and manufacturer of advanced lithium-ion batteries, including proprietary silicon-anode architectures, today announced it will report financial results for the second quarter of 2026 on Wednesday, August 12, 2026, after the close of the market.
Enovix will hold a live audio-only call at 2:00 PM PT / 5:00 PM ET on August 12, 2026, to discuss the company’s recent business updates, commercialization progress, operational milestones, and financial results. To join the call, participants must use the following link to register: https://enovix-q2-2026.open-exchange.net/ This link will also be available via the Investor Relations section of Enovix’s website at https://ir.enovix.com. Investors may submit questions on the registration page that they would like addressed on the call by Enovix management.
About Enovix
Enovix develops and manufactures advanced lithium-ion batteries, including proprietary silicon-anode architectures for smartphones, smart eyewear, defense, industrial and emerging edge-AI applications. Its silicon-anode architecture enables higher energy density and performance in space-constrained devices while maintaining safety and reliability, supporting commercialization across consumer and industrial markets.
Enovix is headquartered in Silicon Valley with facilities in India, South Korea and Malaysia, serving customers globally. For more information visit https://enovix.com and follow us on LinkedIn.
, /PRNewswire/ -- Azenta, Inc. (Nasdaq: AZTA) will announce fiscal third quarter 2026 earnings which ended on June 30, 2026, on Tuesday, August 4, 2026, after the market closes.
The Company will host a conference call and live webcast to discuss its financial results the following day, Wednesday, August 5, 2026, at 8:30 a.m. Eastern Time. Analysts, investors and members of the media can access the live webcast via the Azenta website at https://investors.azenta.com/events. A replay will be available beginning at 8:30 a.m. ET on August 6, 2026.
About Azenta Life Sciences
Azenta, Inc. (Nasdaq: AZTA) is a leading provider of life sciences solutions worldwide, enabling impactful breakthroughs and therapies to market faster. Azenta provides a full suite of reliable cold-chain sample management solutions and multiomics services across areas such as drug development, clinical research and advanced cell therapies for the industry's top pharmaceutical, biotech, academic and healthcare institutions globally. Our global team delivers and supports these products and services through our industry-leading brands, including GENEWIZ, FluidX, Ziath, 4titude, Limfinity, Freezer Pro, and Barkey.
Azenta is headquartered in Burlington, MA, with operations in North America, Europe and Asia. For more information, please visit www.azenta.com.
