Independent Bank Corp. ve čtvrtletí končícím v září 2026 vykázala upravený zisk 1,90 USD na akcii a výnosy ve výši 261,95 milionu USD, čímž překonala odhady.
Independent Bank Corp. (INDB - Free Report) came out with quarterly earnings of $1.9 per share, beating the Zacks Consensus Estimate of $1.84 per share. This compares to earnings of $1.55 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +3.26%. A quarter ago, it was expected that this holding company for Rockland Trust would post earnings of $1.77 per share when it actually produced earnings of $1.7, delivering a surprise of -3.95%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Independent Bank Corp., which belongs to the Zacks Banks - Northeast industry, posted revenues of $261.95 million for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 1.27%. This compares to year-ago revenues of $243.74 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.
Independent Bank Corp. shares have added about 4.1% since the beginning of the year versus the S&P 500's gain of 12.8%.
What's Next for Independent Bank Corp.?While Independent Bank Corp. 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 Independent Bank Corp. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.95 on $263.1 million in revenues for the coming quarter and $7.17 on $1.03 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, Banks - Northeast 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.
Chain Bridge Bancorp, Inc. (CBNA - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2026.
This company is expected to post quarterly earnings of $1.71 per share in its upcoming report, which represents a year-over-year change of +137.5%. The consensus EPS estimate for the quarter has been revised 5% higher over the last 30 days to the current level.
Chain Bridge Bancorp, Inc.'s revenues are expected to be $22.38 million, up 70.6% from the year-ago quarter.
Proti společnosti Chemours (CC) byla podána hromadná žaloba kvůli údajným zavádějícím výhledům; poté, co snížila celoroční výhled upravené EBITDA, její akcie 5. srpna 2026 klesly o 18,63 %.
Did you buy CC securities between February 20, 2026 and August 4, 2026?
Affected CC Investor Summary
Who: The Chemours Company (NYSE: CC)What: Securities fraud class action lawsuit filedClass Period: February 20, 2026 through August 4, 2026Deadline to Seek Lead Plaintiff Status: December 7, 2026Key Lawsuit Allegations: Material misstatements and/or omissions concerning the reliability of the company’s financial guidanceInvestor Action: Contact Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) for recovery options RADNOR, Pa., Oct. 15, 2026 (GLOBE NEWSWIRE) -- Kessler Topaz Meltzer & Check, LLP (www.ktmc.com), a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against The Chemours Company (“Chemours”) (NYSE: CC) on behalf of those who purchased or acquired Chemours securities between February 20, 2026 and August 4, 2026, inclusive. The lawsuit is filed in the United States District Court for the District of Delaware and is captioned Darcy v. The Chemours Company, No. 1:26-cv-01299 (D. Del.). Investors have until December 7, 2026, to file for lead plaintiff status.
CONTACT KTMC TO DISCUSS YOUR LEGAL RIGHTS:
If you purchased or acquired Chemours securities and have lost money on your investment, please provide your information here: https://www.ktmc.com/cc-the-chemours-company-class-action-lawsuit?utm_source=Globe&utm_medium=pressrelease&utm_campaign=cc&mktm=PR
You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. There is no cost or obligation to speak with an attorney.
THE CHEMOURS COMPANY CLASS ACTION LAWSUIT - COMPLAINT ALLEGATION SUMMARY:
Chemours is an American chemical company that offers a range of industrial and specialty chemical products for markets including, but not limited to, refrigeration and air conditioning. Chemours’s Thermal & Specialized Solutions (“TSS”) segment sells its product OpteonTM, a set of refrigeration chemicals with a “near-zero ozone-depletion footprint.”
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material facts about the company’s business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) Defendants had materially overstated aftermarket demand for their Opteon products; (2) demand for such products was decreasing as a result of Defendants’ overselling Opteon products in the preceding fiscal year; (3) as a result of these undisclosed issues, Defendants’ financial guidance for the 2026 fiscal year was unreliable; and (4) as a result of the foregoing, Defendants’ statements about the company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
WHY DID CHEMOURS’S STOCK DROP?
After the market closed on August 4, 2026, Chemours announced its second quarter 2026 financial results, revealing, among other things, that the company reduced its adjusted EBITDA full year guidance to $775 million to $825 million, down from $800 million to $900 million previously. The company attributed this, and its year-over-year net sales decrease of approximately 1%, to a “4% decrease in volumes.” Specifically, it stated that “[t]he volume decline was primarily driven by lower TSS Opteon™ blends aftermarket refrigerant sales.”
On this news, the price of Chemours stock fell $3.34 per share, or 18.63%, to close at $14.59 per share on August 5, 2026.
WHAT THE CHEMOURS COMPANY INVESTORS CAN DO NOW:
File to be lead plaintiff by December 7, 2026.Contact KTMC for a free case evaluation. All representation is on a contingency fee basis, there is no cost to you.Retain counsel of choice or take no action. THE LEAD PLAINTIFF PROCESS FOR THE CHEMOURS COMPANY INVESTORS:
Chemours investors may, no later than December 7, 2026, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
Kessler Topaz Meltzer & Check, LLP encourages Chemours investors to contact the firm for more information.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP (KTMC):
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including being recognized in Chambers & Partners USA 2026 as a Band 1 Top Firm in Securities and Class Actions, Legal 500’s Tier 1 Rankings for Securities and M&A Litigation, The National Law Journal’s Plaintiff’s Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group’s Honor Roll of Most Feared Law Firms, The Legal Intelligencer’s Class Action Firm of the Year, Lawdragon’s Leading Plaintiff Financial Lawyers, and Law360’s Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent. The complaint in this matter was not filed by KTMC.
CONTACT:
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087 [email protected]
May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
Alcoa ve čtvrtletí končícím v září 2026 zvýšila tržby o 23,7 % na 3,7 mld. USD a dosáhla zisku na akcii 1,82 USD oproti ztrátě 0,02 USD na akcii před rokem.
Alcoa (AA - Free Report) reported $3.7 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 23.7%. EPS of $1.82 for the same period compares to -$0.02 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.61 billion, representing a surprise of +2.49%. The company delivered an EPS surprise of +10.3%, with the consensus EPS estimate being $1.65.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Alcoa performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Bauxite production in Tons: 9.30 Mmt versus the two-analyst average estimate of 9.15 Mmt.Alumina production in Tons: 2,467.00 Kmt versus 2,443.54 Kmt estimated by two analysts on average.Aluminum production in Tons: 649.00 Kmt versus the two-analyst average estimate of 629.01 Kmt.Third-party bauxite shipments in Tons: 1,500.00 Mmt versus 1,641.96 Mmt estimated by two analysts on average.Intersegment Alumina Shipments: 1,314.00 Kmt versus 1,180.88 Kmt estimated by two analysts on average.Total aluminum shipments in Tons: 693 thousand compared to the 687.56 thousand average estimate based on two analysts.Total Third-party sales- Alumina (including Bauxite): $680 million versus $695.18 million estimated by two analysts on average.Third-party sales- Bauxite: $85 million versus the two-analyst average estimate of $95.8 million. The reported number represents a year-over-year change of -24.8%.Intersegment sales- Aluminum: $5 million compared to the $4.5 million average estimate based on two analysts. The reported number represents a change of 0% year over year.Third-party sales- Aluminum: $3.02 billion versus the two-analyst average estimate of $3.16 billion. The reported number represents a year-over-year change of +48.1%.Intersegment sales- Alumina: $542 million versus the two-analyst average estimate of $443.88 million. The reported number represents a year-over-year change of +14.4%.Third-party sales- Alumina: $595 million versus $599.38 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -29.3% change.View all Key Company Metrics for Alcoa here>>>
Shares of Alcoa have returned -13.4% over the past month versus the Zacks S&P 500 composite's +1.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
When investors think about artificial intelligence (AI) infrastructure, Nvidia is often at the top of the list. Nvidia has become the world's largest company thanks to its vaunted graphics processing units (GPUs), which are considered indispensable for training and running AI models.
Another side of the coin is Cisco Systems, a blue chip tech company that makes switches, routers, and other equipment that moves information through data centers.
But there's another company that deserves attention: Arista Networks (ANET -5.04%). And while it may not attract the same attention as Nvidia, Arista is becoming a core AI infrastructure play by helping solve one of the biggest challenges facing data centers.
Image source: The Motley Fool.
What does Arista Networks do? AI data centers rely on thousands of graphics processing units (GPUs) working together to train and run complex artificial intelligence models. But all that computing power doesn't mean much if the processors can't communicate quickly enough. Massive amounts of data need to move between chips, servers, and storage systems, and slow connections can create bottlenecks that drag down the entire operation.
Arista's role is to make high-speed Ethernet switches that direct traffic through data centers, ensuring information gets where it needs to go without slowing everything down. Arista also develops networking software, including its Extensible Operating System (EOS), that helps operators manage those connections and keep their networks running efficiently.
As AI models become larger and more demanding, data centers need faster connections to keep those expensive GPUs working -- after all, having the most powerful processors is a waste of money if the underlying infrastructure doesn't allow them to work to capacity. And that's exactly the problem Arista is helping its customers solve.
In June, Arista introduced its 7060XE7 Series, a new generation of Ethernet networking equipment designed for AI infrastructure. The systems support connections running at 1.6 terabits per second, with up to approximately 100 terabits per second of total system bandwidth. Arista also says its support for linear pluggable optics can reduce interconnect power consumption by approximately 60% compared with traditional pluggable optics.
That's an important consideration for data center operators already dealing with enormous electricity demands. Faster networking is valuable, but reducing the power required to move information can also help control operating expenses.
ANET Arista Networks$185.58-$9.84 (-5.04%)
NYSE · As of 4:00 PM ET 10/15/26
Arista is expanding its role in AI infrastructure Arista isn't simply selling faster switches. The company is working to make Ethernet a larger part of how AI computing systems communicate.
On Oct. 7, Arista announced a new rack-scale networking architecture developed with technology partners including Advanced Micro Devices, Broadcom, Meta Platforms, Microsoft, and Qualcomm.
Its Etherlink SU-144 design supports connections among up to 144 AI accelerators within a single-hop network, with an architecture that scales across racks to support up to 1,024 accelerators.
The distinction matters because Arista is moving beyond connecting separate servers and data center racks. It's developing technology that allows large groups of AI processors to communicate more closely, using Ethernet as an alternative to proprietary networking systems.
That could give cloud providers greater flexibility when choosing computing equipment and building new AI systems.
Arista stock hasn't disappointed While Nvidia and Cisco may get more attention, Arista stock has outperformed both so far this year, rising 54% versus a 50% jump for Cisco and a 20% gain for Nvidia.
Revenue in the second quarter was $3.03 billion, up 37.7% from a year ago and 12.1% sequentially. Net income was $1.21 billion, up from $888 million a year ago, and diluted earnings per share was $0.95 versus $0.70 in Q2 2025.
ANET data by YCharts
"Customers see networking as the central nervous system for infrastructure from the client to campus to data and AI centers," CEO Jayshree Ullal said.
The company is planning to report its third-quarter earnings on Nov. 3, and has issued guidance for revenue of $3.3 billion and diluted net income between $1.06 and $1.08 per share.
Arista Networks is an AI stock worth owning Nvidia remains a major force in AI computing, and Cisco is a formidable networking competitor. Arista also faces competition from proprietary networking technologies and the risk that major cloud customers will develop their own equipment.
But Arista has a compelling role in the AI build-out. Its equipment addresses a problem that becomes more demanding as companies deploy additional processors -- moving enormous amounts of data quickly, reliably, and without wasting electricity.
Investors don't have to own the company that makes the GPUs to benefit from the expansion of AI infrastructure spending. Arista offers a viable way to participate through the networking equipment that helps put all that computing power to work.
Akcie společnosti MongoDB (MDB) ve sledovaném dni vzrostly o 2,86 % na 366,49 USD za akcii. Analytici pro nadcházející čtvrtletí očekávají zisk na akcii (EPS) ve výši 1,60 USD a tržby 759,79 milionu USD.
In the latest close session, MongoDB (MDB - Free Report) was up +2.86% at $366.49. The stock exceeded the S&P 500, which registered a gain of 0.33% for the day. Elsewhere, the Dow gained 1.08%, while the tech-heavy Nasdaq added 0.08%.
Shares of the database platform witnessed a loss of 5.33% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 1.62%, and the S&P 500's gain of 1.41%.
The upcoming earnings release of MongoDB will be of great interest to investors. In that report, analysts expect MongoDB to post earnings of $1.6 per share. This would mark year-over-year growth of 21.21%. Our most recent consensus estimate is calling for quarterly revenue of $759.79 million, up 20.93% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.5 per share and a revenue of $3.02 billion, representing changes of +30.78% and +22.69%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for MongoDB. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 an unchanged state. MongoDB currently has a Zacks Rank of #1 (Strong Buy).
Looking at valuation, MongoDB is presently trading at a Forward P/E ratio of 54.85. For comparison, its industry has an average Forward P/E of 20.42, which means MongoDB is trading at a premium to the group.
It is also worth noting that MDB currently has a PEG ratio of 2.5. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software industry currently had an average PEG ratio of 1.18 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 83, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Proti společnosti Fluence Energy (FLNC) byla podána hromadná žaloba kvůli údajným zavádějícím informacím o výrobních kapacitách, objednávkové knize a výhledu tržeb pro fiskální rok 2026.
Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Fluence Energy, Inc. (NASDAQ: FLNC) between November 24, 2025 and September 16, 2026, inclusive (the "Class Period"), of the important November 30, 2026 lead plaintiff deadline.
So what: If you purchased Fluence Energy securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
What to do next: To join the Fluence Energy class action, go to https://rosenlegal.com/cases/fluence-energy-inc-2026-09/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 30, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Details of the case: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) Fluence Energy's ability to deliver its backlog and recognize the revenue underlying its fiscal 2026 guidance depended on new contract manufacturing facilities, including facilities that were not completed, not operational, and/or not capable of producing at the volumes the guidance assumed; (2) the corrective measures Fluence Energy had implemented to address production problems at its contract manufacturers were not remediating those problems, which persisted and extended to Fluence Energy's new facilities; (3) as a result, a material portion of the backlog that defendants represented as "securing" or "covering" Fluence Energy's fiscal 2026 revenue guidance were likely to be delivered and recognized in fiscal 2026; and (4) as a result of the foregoing, defendants' positive statements about Fluence Energy's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Fluence Energy class action, go to https://rosenlegal.com/cases/fluence-energy-inc-2026-09/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
Proti společnosti Papa Johns byla podána hromadná žaloba kvůli údajným zavádějícím tvrzením o transformaci. Akcie 6. srpna 2026 po zveřejnění výsledků za 2. čtvrtletí klesly o 17,18 %.
New York, New York--(Newsfile Corp. - October 15, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Papa John's International, Inc. ("Papa Johns" or the "Company") (NASDAQ: PZZA) on behalf of investors that purchased or otherwise acquired Papa Johns common stock between August 7, 2025 and August 5, 2026 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you are an investor in Papa Johns and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than November 2, 2026 for an opportunity to be lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
The complaint alleges, among other things, that throughout the Class Period defendants disseminated materially false and misleading statements claiming that Papa Johns transformation was working to stabilize and improve the Company's growth while concealing material adverse facts concerning the true state of Papa Johns' transformation.
On August 6, 2026, according to the complaint, Papa Johns issued its second quarter 2026 financial results, reporting an 8.3% decrease in North American comparable sales, the suspension of its dividend, and a sharp reduction in its 2026 outlook from a 3% decline in North American comparable sales at the midpoint to a 7% annual decline. During the related conference call, CEO Todd Allan Penegor stated that "it's clear that our transformation is taking longer than expected" and "we must execute better and move faster." On this news, Papa Johns' stock price fell $5.11 or 17.18%, to close at $24.64 per share on August 6, 2026, thereby injuring investors.
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
If you have any questions about this Notice, your rights, or your interests, please contact:
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
Advokátní kancelář Rosen Law Firm vyšetřuje možné nároky akcionářů společnosti J.B. Hunt (JBHT) v souvislosti s údajně zavádějícími informacemi. Společnost ve 3. čtvrtletí očekávala náklady o 25 mil. USD vyšší než ve 2. čtvrtletí.
New York, New York--(Newsfile Corp. - October 15, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) resulting from allegations that J.B. Hunt may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased J.B. Hunt 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/jb-hunt-transport-services-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 September 16, 2026, CNBC published an article entitled "J.B. Hunt stock plunges 10% after company warns third-quarter earnings will fall." The article further stated that J.B. Hunt's Chief Financial Officer had "said between costs for recruiting, advertising, onboarding, training and sign-on bonuses, the company expects to see about $25 million more in the third quarter compared with the second quarter."
On this news, J.B. Hunt's shares fell sharply in intraday trading on September 16, 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/319225
Source: The Rosen Law Firm PA
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JB Hunt ve čtvrtletí končícím v září 2026 vykázala upravený zisk 1,82 USD na akcii a tržby ve výši 3,68 miliardy USD, čímž překonala konsenzuální odhady.
JB Hunt (JBHT - Free Report) came out with quarterly earnings of $1.82 per share, beating the Zacks Consensus Estimate of $1.81 per share. This compares to earnings of $1.76 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +0.55%. A quarter ago, it was expected that this trucking and logistics company would post earnings of $1.71 per share when it actually produced earnings of $1.91, delivering a surprise of +11.7%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
JB Hunt, which belongs to the Zacks Transportation - Truck industry, posted revenues of $3.68 billion for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 3.15%. This compares to year-ago revenues of $3.05 billion. 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.
JB Hunt shares have added about 19.5% since the beginning of the year versus the S&P 500's gain of 12.8%.
What's Next for JB Hunt?While JB Hunt 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 JB Hunt 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 $2.11 on $3.65 billion in revenues for the coming quarter and $7.34 on $13.7 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, Transportation - Truck is currently in the bottom 35% 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, Knight-Swift Transportation Holdings (KNX - Free Report) , is yet to report results for the quarter ended September 2026. The results are expected to be released on October 21.
This trucking company is expected to post quarterly earnings of $0.75 per share in its upcoming report, which represents a year-over-year change of +134.4%. The consensus EPS estimate for the quarter has been revised 1% lower over the last 30 days to the current level.
Knight-Swift Transportation Holdings' revenues are expected to be $2.12 billion, up 10.1% from the year-ago quarter.
Semtech zvýšil výhled tržeb pro 3. čtvrtletí fiskálního roku 2027 na 417,5 milionu USD, což představuje meziroční nárůst o 56 %. Do roku 2030 pak cílí na tržby ve výši 3,2 miliardy USD.
Semtech Stock Rallies on Strong Q2 Results and Raised GuidanceSemtech NASDAQ: SMTC raised its fiscal third-quarter 2027 outlook and outlined long-term financial targets through fiscal 2030, citing growth in data center connectivity and LoRa products, higher-margin portfolio mix and a substantially improved balance sheet.
During the company’s analyst day, Semtech said it expects fiscal Q3 2027 revenue of $417.5 million at the midpoint, representing 56% year-over-year growth. The outlook calls for consolidated adjusted gross margin of 59%, or 64% excluding the cellular modules business that Semtech expects to divest, as well as adjusted operating margin of 33% and adjusted diluted earnings per share of $1.14.
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Semtech’s Explosive Rally May Only Be Getting StartedThe company said it continues to expect regulatory clearances for the cellular modules divestiture and anticipates closing the transaction in its fiscal fourth quarter.
Balance Sheet Transformation
Semtech highlighted progress in reducing leverage and interest expense since fiscal 2024. The company said net cash interest costs were $82 million in fiscal 2024, while free cash flow was negative $123 million. As of the second quarter of fiscal 2027, annual free cash flow was $193 million, according to the presentation.
How Semtech’s Data Center Chips Are Powering the AI BoomNet debt declined to $299 million at the end of Q2 2027 from $1.3 billion at the end of fiscal 2024, while net leverage fell to 1.1 times from 10.5 times. Semtech reported $503 million in debt and $204 million in cash and cash equivalents at the end of the quarter, alongside $357 million of availability under its line of credit.
The company said $100.5 million of debt comes due in fiscal 2028, with no scheduled maturities in fiscal 2029 or fiscal 2030. The remaining $402.5 million is due in fiscal 2031. Semtech expects its net leverage ratio to move below 1 times, with a longer-term maintenance target below zero net leverage.
Data Center and LoRa Drive Portfolio Shift
Semtech said data center and LoRa each represented about 7% of total revenue in fiscal 2024. For fiscal Q3 2027, excluding the cellular modules business, the company expects data center products to account for 40% of revenue and LoRa products to represent 19%.
Data center revenue was $61 million for all of fiscal 2024 and is expected to reach $145 million in fiscal Q3 2027 alone. LoRa revenue also totaled $61 million for fiscal 2024 and is expected to be $68 million in the third quarter of fiscal 2027.
Hong Hou, Semtech’s president and chief executive officer, said the company sees expanding LoRa opportunities across smart buildings, security, drone control, edge AI connectivity and Amazon Sidewalk. He said next-generation LoRa products are intended to offer lower standby current, higher data-transmission rates and software development kits designed to facilitate deployment.
Hou also discussed demand for connectivity solutions in AI infrastructure. He said near-package optics, or NPO, is expected to begin entering volume production near the end of next year, followed by co-packaged optics, or CPO. He described NPO as offering much of the power-saving benefit of CPO while retaining flexibility through an open socket architecture.
Imran Sherazi, senior vice president and general manager of Semtech’s Signal Integrity Products Group, said the company is focused on supplying linear redrivers across formats, including active copper cables, flyover cables and line-card applications. Sherazi said the company increased its share in a cited market from 18% to more than 50% and intends to continue pursuing share gains.
Fiscal 2030 Framework
Semtech expects revenue to reach $3.2 billion in fiscal 2030, implying a 38% compound annual growth rate from fiscal 2026. The fiscal 2026 base excludes $166 million in cellular module revenue associated with the business slated for divestiture.
Data center revenue is expected to compound at a 75% rate to $2.1 billion by fiscal 2030.
LoRa revenue is expected to compound at a 30% rate through fiscal 2030.
Adjusted gross margin is targeted at 70% in fiscal 2030.
Adjusted operating margin is expected to be 48% to 50%.
Free cash flow is expected to equal 35% of revenue.
Adjusted diluted EPS is projected at $12.40 to $13, representing a 64% to 66% compound annual growth rate.
The company said its fiscal 2030 EPS framework assumes a 20% non-GAAP tax rate and 104 million weighted-average diluted shares outstanding.
Investment and Capital Allocation
Semtech said research and development spending increased 27% between fiscal 2025 and the trailing 12 months ended in Q2 2027, while selling, general and administrative expense increased 8% over the same period. The company said it has focused R&D spending on customer-aligned, higher-return projects while maintaining an affordability framework.
Its capital allocation priorities are organic R&D investment, capability-driven acquisitions and balance-sheet strength. Semtech cited its March acquisition of Semtech Photonics Products, also referred to as HieFo, as an example of its approach. The acquisition added domestic indium phosphide manufacturing expertise and expanded the company’s AI connectivity portfolio into photonics, according to the presentation.
Hou said the company’s objective is to pursue high-bandwidth, low-power and low-latency connectivity opportunities while expanding earnings and cash flow through a more differentiated portfolio.
About Semtech (NASDAQ:SMTC)Semtech Corporation is a global semiconductor and technology company that designs and supplies analog and mixed-signal products for communications, industrial, automotive, consumer, and infrastructure applications. Its solutions are used to manage, protect, connect, and transmit data in electronic systems.
The company's portfolio includes signal-integrity products, protection devices, power-management components, optical and high-speed connectivity solutions, and video-processing technologies.
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].
Should You Invest $1,000 in Semtech Right Now?Before you consider Semtech, you'll want to hear this.
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CoreWeave (CRWV +5.94%), one of the leading "neoclouds" racing to meet the seemingly endless demand for artificial intelligence (AI) computing power, is once again making headlines. This time, however, it's not for setting another record sales figure or inking a new deal with OpenAI or Anthropic.
Instead, CoreWeave is in the news because its rather large debt load is getting more expensive to insure. In other words, investors are worried the company could default.
On Thursday, the spread on its five-year credit default swaps (CDS) reached a record level. By midday, it stood at 1,038 basis points, up 164% year over year. 1000 basis points is generally considered in "distressed" territory.
What is a credit default swap?A credit default swap (CDS) is basically an insurance contract on a company's debts -- a contract where the buyer pays an ongoing fee (like a premium) in exchange for a payout if the debt goes bad. And just to be clear, you don't actually have to own the company's debt to buy a CDS.
Of course, the riskier the borrower looks, the more that protection costs, reflected in the spread -- the portion of the amount insured that the buyer pays each year. So, a $1,000,000 CDS on CoreWeave debt at today's rate -- 1,038 basis points or 10.38% -- would cost you $103,800 a year.
Why higher borrowing costs could hurt CoreWeaveCoreWeave has borrowed heavily to fund its growth and is now on the hook for roughly $51 billion in debt and lease obligations. That's a lot to carry for a company still losing money. Its net loss reached $626 million last quarter, up from $290 million a year earlier.
The cash picture doesn't look great. Capital spending jumped to $6.4 billion, helping push free cash flow -- cash from operations minus capital spending -- to negative $5.7 billion. Keeping that up requires enormous amounts of outside funding and more debt.
While rising CDS rates don't guarantee a default, they indicate the market is growing less comfortable with the risks of CoreWeave's model. Future borrowing -- or any refinancing of its current obligations -- could become more expensive. And if that happens, if lenders demand a higher and higher rate to provide more capital, the chances of a default go up as its cash flows face even more pressure.
CoreWeave's growth is still impressiveOf course, we need to be clear that CoreWeave is indeed growing like crazy. The company's latest quarter saw it bring in $2.58 billion, more than twice what it made during that same period a year earlier. And the company has an ever-growing backlog that has reached $104 billion in promised revenue.
Image source: Getty Images.
A financial tightrope with little room for errorThat growth is impressive, and it's why investors have been willing to give CoreWeave so much money in the first place. But turning that backlog into revenue will continue to be a challenge that will only get harder if its debt keeps getting more expensive. If it gets too expensive or worse, if lenders refuse to extend more funding, the whole model could fall apart.
In my view, CoreWeave is walking a financial tightrope that leaves too little room for error and relies too heavily on debt. Today's spike in CDS rates shows the market may agree.
Iren (IREN -0.56%), a vertically integrated AI cloud and data center operator transitioning from Bitcoin mining, closed at $30.39, down 0.56%. The stock sank below $27 per share in early trading amid reports of pressure on AI infrastructure funding, following Gartner's warning that weighed on shares. Investors are watching AI cloud growth and capex commentary.
Trading volume reached 104.7 million shares, coming in about 134% above its three-month average of 44.8 million shares. Iren IPO'd in 2021 and has grown 24% since going public.
How the markets moved todayThe S&P 500 (^GSPC +0.33%) closed at 7,744, up 0.33%, while the Nasdaq Composite (^IXIC +0.08%) finished at 26,713, up 0.08%. AI cloud and Bitcoin mining infrastructure peer Core Scientific closed at $14.46, up 6.99%.
What this means for investorsResearch and advisory firm Gartner released a report yesterday that suggested over $3.5 trillion in AI infrastructure investments could be at risk of devaluation by the end of 2030 if AI providers maintain their current level of capital expenditure.
That warning drove shares of neocloud AI infrastructure companies lower, as large capital investments could falter. Iren stock touched a 52-week low based on those fears.
Gartner warned more than 80% of neocloud providers could cease current operations as independent businesses by 2030. Credit-market stress surrounding neocloud company CoreWeave's high-yield bond yields near 15% added pressure across AI infrastructure names.
Iren stock recovered early losses as investors may have realized the company has about half of its GPU capex funded through customer contract prepayments.
The reaction to the Gartner report should be based on a company-specific analysis rather than a sector wide move. That helps explain the stock's recovery today.
Howard Smith has positions in Iren. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.
Space Exploration Technologies (SPCX -2.33%) had a major IPO in June. The stock started hot, reached around $200 per share, then crashed to $110. However, it has settled back to just above $150 per share, which is ironically right where it started trading on its opening day. This tells me that the market has settled into a normalized valuation for the stock, but does that mean it's a good investment?
A $2,000 investment may not sound like much now, but it could grow substantially depending on whether SpaceX works out. But could it help you retire early? Maybe. But it won't be as quickly as you want.
Image source: The Motley Fool.
SpaceX is already a massive business
For a $2,000 investment to help you retire early, it needs to provide substantial returns, perhaps growing to $200,000 over a longer investment time frame, such as 15 to 20 years. The problem with SpaceX is the size at which it went public. Because it's a $2 trillion company, if the stock were to 10x, it would be worth $200 trillion. For reference, the global stock market is estimated to be worth over $150 trillion when all companies are combined.
SPCX Space Exploration Technologies$148.62-$3.54 (-2.33%)
NASDAQ · As of 4:00 PM ET 10/15/26
There just aren't enough investment dollars to go around to make SpaceX much larger than it already is, so investors need to shift their mindset.
Instead of thinking of SpaceX as a stock that will deliver huge returns, investors need to determine whether SpaceX can beat the S&P 500 moving forward. The S&P 500 averages about a 10% return each year, and beating this is the baseline an individual investor should aim for. Can SpaceX do that? I think so.
A major clue to SpaceX's growth potential is its revenue growth rate. During Q2, it was an impressive 92%. That well eclipses the 10% threshold established above, but SpaceX also has a ton of growth already baked into this stock price, so this growth rate was necessary to uphold expectations.
We'll have to see how SpaceX does over the next few years, but with its involvement in space exploration, artificial intelligence, and satellite internet, I'm confident it can continue to grow its revenue rapidly. These are major growth industries to be in, giving SpaceX a great growth edge.
The biggest holdup with SpaceX stock right now is its profitability. Currently, it isn't profitable, and it may not be for some time. Investors must grapple with this, as it does shift confidence in the investment. But if SpaceX can continue growing its revenue at an above-average pace and become profitable, I don't doubt that SpaceX will beat the market and accelerate your path to retiring, really. However, it may not happen as quickly as you would hope.
Akcie Apple letos vzrostly o 25 %, ale obchodují se za téměř 40násobek zisku za posledních 12 měsíců, což představuje zdaleka nejvyšší poměr ceny k zisku (P/E) mezi velkými technologickými společnostmi.
Apple (AAPL -0.28%) has quietly been one of the better-performing stocks of 2026. It has risen about 25% so far in 2026, easily crushing the S&P 500's (^GSPC +0.33%) 14% rise. But the question is: Is it still a good stock to buy compared to other big tech names?
Image source: The Motley Fool.
Want AI exposure? Apple doesn't have it Part of the reason why Apple's stock has done so well so far this year is its lack of artificial intelligence (AI) exposure. While I personally think this is a bad strategy for Apple over the long term, not every investor does. The company is taking a very measured approach to AI, and in true Apple style, it's once again a late arrival to the party.
Apple has taken its time to launch AI features in its ecosystem, and only recently introduced generative AI to Siri, its virtual assistant. However, the model behind Siri AI isn't anything Apple developed in-house; it uses Google Gemini from Alphabet.
This decision could prove to be brilliant. After all, Apple has hardly spent anything on capital expenditures recently compared to Alphabet.
AAPL Capital Expenditures (TTM) data by YCharts
Alphabet has spent hundreds of billions of dollars on AI infrastructure and will continue to do so. Apple has spent practically nothing, and although it will need to pay to use Gemini, the cost of that over the next decade may not eclipse what Alphabet spent in a year on AI computing capacity. As a result, Apple may have a winning strategy here.
Furthermore, Apple may be developing a suite of AI products that it will offer on a monthly subscription basis. This would create a new revenue stream for Apple if users find the products worth paying for.
Once again, Apple would likely use someone else's AI model, so its operating costs would be only marginally higher than those of funding massive data centers itself. However, because Apple cannot control the capabilities of another firm's AI model, it may not be able to get exactly what it wants from AI.
AAPL Apple$342.00-$0.96 (-0.28%)
NASDAQ · As of 4:00 PM ET 10/15/26
We'll see how Apple adopts AI, but because it isn't spending big to build it out, investors have fallen in love with the stock again. While their enthusiasm for it isn't necessarily misguided, it has caused Apple stock to swell to a premium valuation.
The question is, does it deserve it?
Apple's stock isn't cheap From a price-to-earnings ratio standpoint, Apple is by far the most expensive big tech stock, trading at nearly 40 times trailing earnings.
AAPL PE Ratio data by YCharts.
This is approaching some of the highest levels it has traded at in the past few years, which should raise a red flag for investors. If Apple gets too expensive, it could spend a few years trading sideways because its future growth has been priced in. In that case, it would be a less desirable stock to own.
Apple's fiscal 2027 has already started, which means when next fiscal year's results are used to price the stock, you're using 2028 projections. From a 2028 standpoint, Apple is still valued at a fairly expensive 31 times earnings.
AAPL PE Ratio (Forward 1y) data by YCharts.
This means that if Apple's stock price doesn't move from now until October 2028 and the company's results are in line with analysts' expectations, it would trade for about 31.5 times earnings. That's about where I'd expect an average big tech stock to trade, which means Apple has about two years' worth of growth priced into its stock.
That doesn't bode well for its medium-term returns, which makes it a stock to steer clear of. While I understand that Apple has become a popular pick because it hasn't spent much on AI, I think this trend has been overblown. Investors would be better off looking into AI investments with cheaper valuations compared to Apple.
Some companies learn the hard way that tussling with organized labor often isn't a winning proposition, and when those disagreements are lengthy and public, nobody wins. But there are plenty of losers, including the company itself, its workers, and shareholders.
It looks as if Boeing (BA +2.20%) got that memo because earlier this month, the aerospace and defense Goliath averted a strike with 17,000 engineers and technical workers. For many of the largest industrial companies by market cap, of which Boeing is one, engineers and technical staffers are among the most essential personnel, so keeping them happy is a good idea.
Boeing stock has been grounded, but it could take flight again. Image source: Getty Images.
Boeing may have accomplished that objective as the Society of Professional Engineering Employees in Aerospace came away saying it notched some wins it previously thought "were completely out of reach." Still, Boeing shares are off 11.3% over the past month, extending a bear market in which the stock is down 26.7% from its 52-week high. Those are ominous statistics, but I see opportunity in this decline.
Boeing's a battlefield, but it has positives Undoubtedly, Boeing has its warts. On the commercial aircraft side of the equation, which has been a thorn in the stock's side for multiple years, Boeing previously warned that supply chain issues could present production snags in its 737. Compounding the issue, an autopilot software "glitch" prompted a Sept. 28 sell-off in the shares.
Still, the defense side of the Boeing coin is appealing. The U.S. Navy recently chose Boeing over rival Northrop Grumman to deliver (likely in the 2030s) the sixth generation of carrier-based fighter jets. For fans of avionics and movies, the plane that will eventually replace the vaunted F-18 Super Hornet. This is an important, potentially lucrative contract for prospective Boeing investors to consider because, as just one example, F-18s were among the jets that flew more than 14,000 "sorties" (military speak for flight missions) during the USS Abraham Lincoln's recently concluded deployment.
That contract win came after the Air Force chose Boeing to develop the F-47, the plane that will replace the F-15. Arguably, there's an element of prestige in that contract win that Boeing's share price isn't reflecting because, in air-to-air combat, also known as dogfighting, the F-15 is undefeated.
$188.73+$4.07 (+2.20%)
NYSE · As of 4:00 PM ET 10/15/26
Just my two cents, but I believe Boeing deserves some credit for a contract win to develop the replacement for what some experts believe is the greatest fighter jet ever built. That credit should be accentuated at a time when Uncle Sam is boosting defense spending with an eye toward cementing U.S. air dominance for years to come.
Maybe a revolutionary idea Boeing is 110 years old, so calling it "old" is accurate, while labeling it "revolutionary" may seem like a stretch. But another reason this stock piques my interest is its credible ties to an emerging "modern-day industrial revolution," which some analysts believe is being ushered in by aerospace and defense companies.
In fact, Barclays analyst Anthony Valentini recently mentioned Boeing as a potential winner in an industrial revolution scenario.
Investors need not worship at the altar of everything analysts say. Still, there may be comfort in knowing Boeing has made some revolutionary inroads and is supported by government contract victories.
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Netflix is replacing content chief Bela Bajaria with former Disney TV executive Peter Rice.
Gonzalo Marroquin/Getty Images for Netflix; Beata Zawrzel/NurPhoto via Getty Images; Dimitrios Kambouris/Getty Images
Netflix has hired a new content chief after a stock slump and struggles to grow its viewership.
Peter Rice, a former Fox and Disney executive, will oversee Netflix's movies and shows starting on October 26, the company announced on Thursday.
Rice will replace Bela Bajaria, who's leaving the company after almost a decade, Netflix said. Bajaria took the top content job in 2023 and memorably described the ideal Netflix show as a "gourmet cheeseburger."
The exec shake-up came a day after the streaming giant laid off about 1,000 employees on Wednesday, its biggest round of layoffs in four years.
Netflix has had a tough year. Shares are down nearly 40% in the past 12 months as investors increasingly worry about slower viewership growth and the company's long-term direction. Netflix's attempt to buy Warner Bros. — which was ultimately stymied by Paramount — soured the Wall Street narrative about the company's future.
Rice was previously the head of Disney's TV arm, where he ran Hulu and networks like ABC, Disney Channel, and FX. He was fired from the Mouse House in 2022 by former Disney CEO Bob Chapek.
Bajaria "led enormous changes at Netflix," co-CEO Ted Sarandos said in a statement, crediting her for helping the streamer broaden its content mix to live events and sports.
This is a developing story and will be updated.
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James Faris is a media correspondent in New York City.He covers the business of media & entertainment, specifically the streaming, TV, and AI strategies of Hollywood giants like Disney, Skydance (Paramount-WBD), and Netflix. He previously wrote about the stock market, the economy, and real estate.James joined Business Insider after graduating magna cum laude from James Madison University.Email James at [email protected] and follow him on LinkedIn.
FinCEN udělil Bank of America pokutu ve výši 1,2 mld. USD za úmyslné porušení pravidel proti praní peněz. Banka ve 3. čtvrtletí zaúčtovala stejnou regulatorní sankci.
SAN DIEGO, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating potential claims on behalf of current, long-term shareholders of Bank of America Corporation (NYSE: BAC) against certain of its officers and directors for alleged breaches of fiduciary duty.
What Should Bank of America Shareholders Do?
If you have held Bank of America shares before December 2024, and continue to hold shares, you may have standing to seek corporate governance reforms at Bank of America, including improvements to internal controls, regulatory compliance, and executive oversight.
To learn more, visit: https://www.johnsonfistel.com/investigations/bank-of-america-corp/
You may also contact Johnson Fistel, PLLP at [email protected] or (619) 814-4471. There is no cost or obligation to you.
Investigation Background
On October 13, 2026, the U.S. Treasury Department announced that its Financial Crimes Enforcement Network (FinCEN) had assessed a $1.2 billion penalty against Bank of America, N.A., a subsidiary of Bank of America Corporation. According to Treasury, the bank admitted that it willfully violated the Bank Secrecy Act by failing to maintain an adequate anti-money-laundering program, conduct required due diligence for foreign correspondent accounts, and file suspicious activity reports. The enforcement action addressed failures involving priority national-security risks, including Chinese money-laundering networks and illicit finance along the southwest border.
The coordinated action included a $750 million civil penalty imposed by the Office of the Comptroller of the Currency (OCC), which is credited against FinCEN’s $1.2 billion penalty. The OCC found that the bank’s transaction monitoring system failed to properly monitor trillions of dollars in transactions, resulting in numerous late suspicious activity reports involving billions of dollars. The OCC further stated that significant compliance deficiencies persisted after a December 2024 cease-and-desist order.
On October 14, 2026, Bank of America reported that its third-quarter results included a $1.2 billion regulatory settlement charge, reducing diluted earnings per share by $0.17. The company reported quarterly net income of $6.9 billion, compared with $8.3 billion in the third quarter of 2025.
Johnson Fistel is investigating whether certain officers and directors breached their fiduciary duties in connection with oversight of the company’s Bank Secrecy Act and anti-money-laundering compliance programs, and whether shareholders may pursue remedies on the company’s behalf.
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Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. The firm also represents foreign investors who have purchased securities on U.S. exchanges.
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, /PRNewswire/ -- Dow (NYSE: DOW) has declared a dividend of 35 cents per share, payable December 11, 2026, to shareholders of record on November 30, 2026.
This marks the 461st consecutive dividend paid by the Company or its affiliates since 1912.
About Dow
Dow (NYSE: DOW) is one of the world's leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility and consumer applications. Our global breadth, asset integration and scale, customer-focused innovation and leading business positions enable us to achieve profitable growth and help deliver a sustainable future. We operate manufacturing sites in 29 countries and employed approximately 34,600 people as of year-end 2025. Dow delivered sales of approximately $40 billion in 2025. References to Dow or the Company mean Dow Inc. and its subsidiaries. Learn more about us at www.dow.com.
Cautionary Statement about Forward-Looking Statements
Certain statements in this press release are "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements often address expected future business and financial performance, financial condition, and other matters, and often contain words or phrases such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "opportunity," "outlook," "plan," "project," "seek," "should," "strategy," "target," "will," "will be," "will continue," "will likely result," "would" and similar expressions, and variations or negatives of these words or phrases.
Forward-looking statements are based on current assumptions and expectations of future events that are subject to risks, uncertainties and other factors that are beyond Dow's control, which may cause actual results to differ materially from those projected, anticipated or implied in the forward-looking statements and speak only as of the date the statements were made. These factors include, but are not limited to: sales of Dow's products; Dow's expenses, future revenues and profitability; any supply chain, operational or other disruptions, sanctions, export restrictions, or increased economic uncertainty related to the ongoing conflicts between Russia and Ukraine and in the Middle East; capital requirements and need for and availability of financing; unexpected barriers in the development of technology, including with respect to Dow's contemplated capital and operating projects; Dow's ability to realize its commitment to carbon neutrality on the contemplated timeframe, including the completion and success of its integrated ethylene cracker and derivatives facility in Alberta, Canada; size of the markets for Dow's products and services and ability to compete in such markets; Dow's ability to develop and market new products and optimally manage product life cycles; the rate and degree of market acceptance of Dow's products; significant litigation and environmental matters and related contingencies and unexpected expenses; the success of competing technologies that are or may become available; the ability to protect Dow's intellectual property in the United States and abroad; Dow's ability to realize expected benefits from Transform to Outperform on the contemplated timeframe; developments related to contemplated restructuring activities and proposed divestitures or acquisitions such as workforce reduction, manufacturing facility and/or asset closure and related exit and disposal activities, and the benefits and costs associated with each of the foregoing; fluctuations in energy and raw material prices; management of process safety and product stewardship; changes in relationships with Dow's significant customers and suppliers; changes in public sentiment and political leadership; increased concerns about plastics in the environment and lack of a circular economy for plastics at scale; changes in consumer preferences and demand; changes in laws and regulations, political conditions, tariffs and trade policies, or industry development; global economic and capital markets conditions, such as inflation, market uncertainty, interest and currency exchange rates, and equity and commodity prices; business, logistics and supply disruptions; security threats, such as acts of sabotage, terrorism or war, including the ongoing conflicts between Russia and Ukraine and in the Middle East; weather events and natural disasters; disruptions in Dow's information technology networks and systems, including the impact of cyberattacks; risks related to Dow's separation from DowDuPont Inc. such as Dow's obligation to indemnify DuPont de Nemours, Inc. and/or Corteva, Inc. for certain liabilities; and any global and regional economic impacts of a pandemic or other public health-related risks and events on Dow's business.
Where, in any forward-looking statement, an expectation or belief as to future results or events is expressed, such expectation or belief is based on the current plans and expectations of management and expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the expectation or belief will result or be achieved or accomplished. A detailed discussion of principal risks and uncertainties which may cause actual results and events to differ materially from such forward-looking statements is included in the section titled "Risk Factors" contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and the Company's subsequent reports filed with the U.S. Securities and Exchange Commission. These are not the only risks and uncertainties that Dow faces. There may be other risks and uncertainties that Dow is unable to identify at this time or that Dow does not currently expect to have a material impact on its business. If any of those risks or uncertainties develops into an actual event, it could have a material adverse effect on Dow's business. Dow Inc. and The Dow Chemical Company and its consolidated subsidiaries assume no obligation to update or revise publicly any forward-looking statements whether because of new information, future events, or otherwise, except as required by securities and other applicable laws.
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Společnost Micron ve fiskálním roce 2026 zvýšila tržby o 256 % na 133,2 miliardy USD; výhled tržeb na 1. čtvrtletí fiskálního roku 2027 činí 60 až 63 miliard USD.
Micron Technology (MU +1.87%) just closed out one of the strangest, most extraordinary fiscal years a chipmaker has ever posted. Revenue in its fiscal 2026 hit $133.2 billion, up 256% from the year before, earnings soared almost tenfold from $7.59 per share to $74.33 per share, and the company went from an afterthought in most portfolios to a roughly $1.1 trillion megacap in the space of about 18 months.
I feel like I've spent the entire year checking this ticker, only to see the stock post consistently breathtaking gains. Before getting into what $2,000 invested in it today might look like in 2029, it's worth understanding exactly what this company is up to. Let's get into what's driving these numbers that large, because it isn't hype. It's a genuine, physical shortage of the memory chips that AI data centers need in growing amounts.
MU Micron Technology$931.24+$17.11 (+1.87%)
NASDAQ · As of 4:00 PM ET 10/15/26
What Micron actually reported this fall Micron's fiscal fourth-quarter results showed revenue of $54.23 billion, up 31% sequentially and 379% year over year. That marked the company's sixth consecutive quarterly revenue record. Non-GAAP earnings per share came in at $33.42, up from $3.03 in the prior-year period, and for the fiscal year, gross margin expanded to 81.1%, a 40-percentage-point jump from fiscal 2025. DRAM revenue alone topped $100 billion for the year, with fourth-quarter DRAM sales up 343% from a year earlier. Management is guiding for first-quarter fiscal 2027 revenue to land between $60 billion and $63 billion, meaning it expects the boom to keep accelerating.
Image source: Getty Images.
This fall, the headline product news centers on HBM4, the latest-generation high-bandwidth memory that sits directly inside AI accelerators. Micron announced what it's calling the industry's first custom HBM4E implementation, developed specifically for Nvidia's (NVDA -1.84%) next-generation GPUs and NVLink Fusion platforms. The deal between them locks Micron into Nvidia's roadmap rather than leaving it to compete for generic orders. This is super bullish for Micron and a strong reason the stock has experienced gains of nearly 400% over the last year.
NVDA Nvidia$217.23-$4.07 (-1.84%)
NASDAQ · As of 4:00 PM ET 10/15/26
CEO Sanjay Mehrotra described a strong multiyear roadmap for future HBM products, and the company is simultaneously racing to build foundry capacity to keep up: It's pushing construction of a second fab in Idaho and broke ground on its first New York fab in January, part of a manufacturing build-out now backed by more than $6 billion in CHIPS Act funding.
Something to think about The memory chip business has always been brutally cyclical, and most of Micron's current numbers reflect price growth more than volume growth. DRAM and NAND contract prices have surged dramatically this year as Samsung, SK Hynix (SKHY -0.98%), and Micron -- the three largest players in the space by far -- all redirected production capacity toward high-margin HBM instead of ordinary memory, creating a supply squeeze that's pushed prices for all types of memory to levels this industry has never sustained for long.
All three are constructing new fab capacity, but that isn't expected to meaningfully ease the squeeze until 2027 or later. Historically, when that kind of production boost eventually arrives, supply catches up to demand and generally surpasses it, at which point prices fall hard. Whether this cycle breaks that pattern because the new demand driven by the AI trend is structurally different is the real question behind any 2029 prediction.
Math to consider Micron trades at around $950 a share today, down from an all-time high of $1,213 reached in June. In a bull case, I'd assume AI-driven memory demand stays structurally elevated through 2029, with revenue growing to around $190 billion and the market still willing to pay close to 8 times sales given Micron's locked-in HBM relationships. That implies a market cap near $1.5 trillion and a share price around $1,330, pushing that original $2,000 to roughly $2,690.
In a more conservative, historically grounded case, new supply from Micron's own expanding foundry operation and those of its competitors eventually catches up to demand sometime around 2028, memory prices normalize, and the company's revenue settles back closer to $100 billion with the multiple compressing to a more typical cyclical semiconductor level of around 5 times sales. That implies a market cap near $500 billion and a share price closer to $440, which would leave that initial $2,000 investment worth roughly $890.
NEW YORK, Oct. 15, 2026 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 88.75 cents a share on its common stock, payable December 15, 2026 to stockholders of record as of November 18, 2026. Consolidated Edison, Inc. is a holding company that provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc. (CECONY), a regulated utility providing electric service in New York City and New York's Westchester County, gas service in Manhattan, the Bronx, parts of Queens and parts of Westchester, and steam service in Manhattan; Orange and Rockland Utilities, Inc. (O&R), a regulated utility serving customers in a 1,300-square-mile area in southeastern New York State and northern New Jersey; and Con Edison Transmission, Inc., a regulated company primarily under the oversight of the Federal Energy Regulatory Commission, that develops and owns interests in electric transmission projects.
, /PRNewswire/ -- CNO Financial Group, Inc. (NYSE: CNO) will report results for the third quarter of 2026 after the market closes on Thursday, October 29, 2026. The company will host a conference call to discuss results at 11:00 a.m. Eastern Time on Friday, October 30, 2026.
Participate by Dial-In
To participate, please register here. Upon registering, you will be provided with call details and a unique PIN to join the call as well as an email confirmation with details.
Participate by Webcast
For those investors who prefer to participate online, we will broadcast the call live via webcast linked here. The event can also be accessed through the Investors section of our website at ir.CNOinc.com. Participants should register on the website at least 15 minutes before the event begins.
Participate by Replay
A replay of the conference call will be available on the Investors section of our website at ir.CNOinc.com.
About CNO Financial Group
CNO Financial Group, Inc. (NYSE: CNO) secures the future of middle-income America. CNO provides life and health insurance, annuities and financial services through our family of brands, including Bankers Life, Colonial Penn, Optavise and Washington National. Our customers work hard to save for the future, and we help protect their health, income and retirement needs with 3.3 million policies and $39.9 billion in total assets. Our 3,200 associates, 5,100 exclusive agents and more than 6,500 independent partner agents guide individuals, families and businesses through a lifetime of financial decisions. For more information, visit CNOinc.com.
Na společnost AppLovin byla podána hromadná žaloba kvůli údajným zavádějícím informacím o vývoji AI; akcie 6. srpna klesly o 19,66 % poté, co výsledky tržeb zaostaly za očekáváním.
New York, New York--(Newsfile Corp. - October 15, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against AppLovin Corporation ("AppLovin" or the "Company") (NASDAQ: APP) on behalf of investors that purchased or otherwise acquired AppLovin securities between February 12, 2026 and August 5, 2026 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you are an investor in AppLovin and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than November 16, 2026 for an opportunity to be lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
The complaint alleges, among other things, that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that "(i) the generative AI video creative feature for the Company's AppLovin Ads platform was subject to significant development delays, making its release on the Company's timeline unlikely," and "(ii) Defendants overstated the constancy with which AppLovin was improving its AI models."
According to the complaint, the truth began to emerge on July 13, 2026, when a Bank of America Securities analyst published a note raising concerns over the rollout of AppLovin Ads to all advertisers. Following publication of the note, AppLovin's stock price fell $64.13 per share, or 12.65%, on July 13, 2026. Then, on August 5, 2026, according to the complaint, AppLovin reported revenue below consensus estimates and also revealed that its generative AI video tool was "still [a] work in progress." On this news, AppLovin's stock price fell $82.13 per share, or 19.66%, on August 6, 2026.
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Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
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WAIKOLOA, Hawaii, Oct. 15, 2026 (GLOBE NEWSWIRE) -- The Hawaii Public Utilities Commission (HPUC) has adopted a settlement agreement reflecting Hawaii Water Service’s (Hawaii Water) investments to help keep its Kapalua water and wastewater systems safe and reliable, while addressing higher operating and purchased water costs. The decision enables the California Water Service Group (NYSE: CWT) subsidiary to increase annual revenue by about $1.94 million and adjusts rates accordingly.
The revenue increase, which is based on a settlement reached between Hawaii Water and the Consumer Advocate, includes nearly $1.47 million for the water system and more than $469,000 for the wastewater system. It recognizes $5.86 million in capital improvements that Hawaii Water has made to enhance local water quality, system reliability, and sustainability.
Among the infrastructure improvements made in the Kapalua systems, Hawaii Water:
Upgraded critical potable water storage facilities to improve supply reliability.Replaced aging valves to improve system reliability and control.Replaced backup generators to help maintain water pressure during power interruptions and strengthen fire protection.Upgraded the sewer pump station serving the D.L. Fleming State Beach Park with surface-serviceable pumps and aboveground controls to help improve access, response time, reliability, and efficiency.Replaced lift station and sump pumps to reduce the potential for future wastewater system leaks. The increase also acknowledges higher operating expenses, including about $1.7 million annually for purchased potable and non-potable water, increased labor costs, and the effects of inflation. Purchased water costs are passed directly to customers on a dollar-for-dollar basis.
“Since acquiring the Kapalua systems, we have invested strategically to allow us to provide safe and reliable water and wastewater services for our local customers,” said Marty Kropelnicki, Chairman and CEO. “We have also worked hard to control expenses to keep service affordable while protecting the environment—an increasingly urgent priority amid Maui’s recent drought conditions.”
This is the first general rate increase for the Kapalua systems since Hawaii Water acquired them in 2021. New rates become effective this month.
About California Water Service Group
California Water Service Group (NYSE: CWT) is the largest regulated water utility in the western United States. It provides high-quality, reliable water and/or wastewater services to more than 2.2 million people in California, Hawaii, New Mexico, Washington, and Texas through its regulated subsidiaries, California Water Service, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, and its utility holding company, TWSC, Inc. (Texas Water Service). This year, the company commemorates a century of service.
Group’s purpose is to enhance the quality of life for customers, communities, employees, and stockholders. To do so, it invests responsibly in water and wastewater infrastructure, sustainability initiatives, and community well-being. The company’s nearly 1,300 employees live by a set of strong core values and share a commitment to protecting the planet, caring for people, and operating with the utmost integrity. The company has been named one of “America’s Most Responsible Companies” and the “World’s Most Trustworthy Companies” by Newsweek, a USA Top Workplace, and a Great Place to Work®. More information is available at www.calwatergroup.com.
This news release contains forward-looking statements within the meaning established by the Private Securities Litigation Reform Act of 1995 (PSLRA). The forward-looking statements are intended to qualify under provisions of the federal securities laws for "safe harbor" treatment established by the PSLRA. Forward-looking statements in this news release are based on currently available information, expectations, estimates, assumptions and projections, and our management's beliefs, assumptions, judgments and expectations about us, the water utility industry and general economic conditions. These statements are not statements of historical fact. When used in our documents, statements that are not historical in nature, including words like will, would, expects, intends, plans, believes, may, could, estimates, assumes, anticipates, projects, progress, predicts, hopes, targets, forecasts, should, seeks or variations of these words or similar expressions are intended to identify forward-looking statements. Examples of forward-looking statements in this news release include, but are not limited to, statements describing the potential timing for the increase in Hawaii Water’s rates to become effective and plans for related cash receipts. Forward-looking statements are not guarantees of future performance. They are based on numerous assumptions that we believe are reasonable, but they are open to a wide range of uncertainties and business risks. Consequently, actual results or outcomes may vary materially from what is contained in a forward-looking statement. Factors that may cause actual results or outcomes to be different than those expected or anticipated include, but are not limited to those described under the section entitled "Risk Factors" and elsewhere in our most recent Annual Report on Form 10-K, our subsequent Quarterly Reports on Form 10-Q and our other Securities and Exchange Commission filings. In light of these risks, uncertainties and assumptions, investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this news release. We are not under any obligation, and we expressly disclaim any obligation to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.
, /PRNewswire/ -- Vistra Corp. (NYSE: VST) today announced its redemption of all outstanding shares of its 8.0% Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, Series A, $0.01 par value per share (the "Series A Preferred Stock") in accordance with the terms and conditions set forth in the governing documents for the Series A Preferred Stock.
All one million shares of the Series A Preferred Stock (CUSIP: 92840M AB8 (Rule 144A) and U92266 AA0 (Regulation S)) are being redeemed at a price of $1,000 per share of preferred stock representing $1.0 billion in aggregate liquidation preference. Vistra had previously declared distributions on the Series A Preferred Shares payable on Oct. 15, 2026, thus there were no accrued and unpaid dividends as of the redemption date.
A formal notice of redemption was delivered to holders of record in accordance with the terms of the Series A Preferred Stock and applicable procedures of Cede & Co., the nominee of DTC. Additional information regarding the redemption, including payment procedures, the treatment of accrued dividends, and any required holder actions, was provided in the official notice of redemption and related materials distributed by Equiniti Trust Company, LLC, as redemption and paying agent.
On and after the redemption date, the Series A Preferred Stock ceased to be outstanding, dividends ceased to accrue on such shares, and all rights of holders were terminated other than the right to receive the applicable redemption price and any accrued and unpaid dividends payable in accordance with the terms of the Series A Preferred Stock.
About Vistra
Vistra (NYSE: VST) is a leading, Fortune 500 integrated retail electricity and power generation company based in Irving, Texas, that provides essential resources to customers, businesses, and communities from California to Maine. Vistra is a leader in transforming the energy landscape, with an unyielding focus on reliability, affordability, and sustainability. The company safely operates a reliable, efficient power generation fleet of natural gas, nuclear, coal, solar, and battery energy storage facilities while taking an innovative, customer-centric approach to its retail business.
SCOTTSDALE, Ariz., Oct. 15, 2026 (GLOBE NEWSWIRE) -- onsemi (Nasdaq: ON) plans to announce its financial results for the third quarter, which ended October 2, 2026, after market close on Monday, November 2, 2026.
The company will host a conference call at 5 p.m. Eastern Time (ET) on November 2, 2026, following the release of its financial results. Investors and interested parties can access the conference call in the following manner:
Webcast: A live webcast of the conference call will be available via the “Investor Relations” section of the company’s website at http://www.onsemi.com. The re-broadcast of the call will be available at this site approximately one hour following the live broadcast and will remain available for 30 days.
Teleconference: Investors and interested parties can also access the conference call by pre-registering here.
About onsemi
onsemi (Nasdaq:
ON) delivers intelligent power and sensing technologies that enable electrification, energy efficiency, safety, and automation across automotive, industrial, and AI data center end markets. With a highly differentiated and innovative product portfolio, onsemi helps customers solve complex challenges to achieve higher efficiency, improved performance, and lower system cost, while supporting a safer, cleaner, and more energy-efficient world. onsemi is included in the S&P 500® index. Learn more about onsemi at www.onsemi.com.
onsemi and the onsemi logo are trademarks of Semiconductor Components Industries, LLC. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders.
Contacts
Krystal Heaton
Director, Head of Public Relations
onsemi
(480) 242-6943 [email protected]
Parag Agarwal
Vice President - Investor Relations & Corporate Development
onsemi
(602) 244-3437 [email protected]
MINNEAPOLIS, Oct. 15, 2026 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), the leading intelligent supply chain network, today announced that it will issue its financial results for the third quarter ended September 30, 2026, after the market close on Thursday, October 29, 2026. SPS Commerce will host a call to discuss the results at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on the same day.
To access the call, please dial 1-833-816-1382, or outside the U.S. 1-412-317-0475 at least 15 minutes prior to the 3:30 p.m. CT start time. Please ask to join the SPS Commerce conference call. A live webcast of the call will be available at http://investors.spscommerce.com under the Events and Presentations menu. The replay will also be available on our website at https://investors.spscommerce.com/events.
About SPS Commerce
SPS Commerce (NASDAQ: SPSC) is the leading intelligent supply chain network, connecting trading partners around the globe to optimize supply chain operations with all retail partners. Our AI-powered network connects 300,000+ trading relationships worldwide and moves more than 750M transactions and over $650B in gross merchandise value each year. From retailers and brands to manufacturers, distributors, and logistics providers, SPS is trusted by seven of the top 10 largest retailers, and over two-thirds of today’s fastest growing brands. Our multi-solution portfolio orchestrates the data, decisions, and relationships that keep the world's supply chains moving forward. With nearly 3,000 employees and offices worldwide, SPS Commerce is headquartered in Minneapolis, Minnesota. For more information, visit spscommerce.com.
Contact:
Investor Relations
The Blueshirt Group
Irmina Blaszczyk [email protected]
Eaton pro rok 2026 očekává organický růst tržeb o 11 až 13 % a upravený zisk na akcii ve výši 13,40 až 13,60 USD, podpořený poptávkou ze strany datových center.
Key Takeaways Eaton shares gained 3% in 3 months, trailing the industry's 4.7% rise amid margin and valuation concerns.ETN expects 11-13% organic growth and adjusted EPS of $13.40-$13.60 in 2026, supported by strong demand.ETN's data center expansion, strategic buyouts & growing backlog support its long-term growth prospects. Shares of Eaton Corporation (ETN - Free Report) have gained 3% in the past three months, underperforming the industry’s 4.7% increase.
Eaton’s underperformance likely reflects concerns about margin compression, rising input costs and its premium valuation.
Eaton, a diversified power management company and a global technology leader in electrical components and systems, is gaining from rising electrification and data center demand.
ETN vs Industry in 3 Months
Image Source: Zacks Investment Research
Industrial tech stocks like Emerson Electric Co. (EMR - Free Report) and Powell Industries (POWL - Free Report) have gained 15.8% and lost 28.1%, respectively, in the past three months.
Are Eaton Shares Expensive?Eaton shares are trading at a premium to the industry. The company’s forward 12-month price-to-earnings of 26.34X is higher than its industry’s 23.12X and above the median of 24.31X over the last five years.
Image Source: Zacks Investment Research
A premium valuation reflects stronger structural growth and higher-quality earnings, driven by electrification, AI/data-center power demand, grid modernization and aerospace. Eaton’s strong backlog, leading positions in mission-critical electrical markets and improving margins reinforce expectations for sustained above-industry growth and profitability.
Eaton shares are more expensive than industrial tech stocks like Emerson Electric and Powell Industries.
The Case for EatonEaton is well positioned to capitalize on several long-term growth drivers, including grid modernization, data center expansion, industrial automation, the energy transition and a recovery in aerospace markets. Its growing backlog reflects healthy customer demand and reinforces its position as a leading provider of mission-critical power management solutions.
Innovation and sustainability remain central to Eaton’s long-term growth strategy. The company plans to invest approximately $3 billion in research and development over the next decade to advance its technologies and strengthen its product portfolio. Additionally, Eaton is investing more than $242 million in a new manufacturing facility in North Little Rock, AR, to expand production capacity and address rising demand for critical-power infrastructure.
Strategic acquisitions are further enhancing Eaton’s presence in attractive, higher-margin markets. The company recently agreed to acquire COL Group from Oaktree’s Power Opportunities strategy for €810 million ($923 million). The transaction will strengthen Eaton’s European power distribution platform by adding medium-voltage technologies and manufacturing capacity, positioning it to benefit from increasing demand from data center and utility customers. Earlier acquisitions, including Fibrebond, Resilient Power, Ultra PCS and Boyd, are also supporting growth, expanding technological capabilities and contributing to margins.
Artificial intelligence remains a significant growth opportunity as data centers require greater power capacity, reliability and energy efficiency. Eaton is expanding its presence across the electrical power value chain while benefiting from healthy demand in utilities, commercial aerospace and defense. This diversified end-market exposure reduces dependence on individual industries and supports long-term business resilience.
Operational efficiency and disciplined capital allocation are additional priorities. Eaton is focusing on productivity improvements, portfolio optimization and investments in high-growth markets. The planned separation of its Mobility business is expected to sharpen its strategic focus on higher-growth, higher-return opportunities. Meanwhile, more than $1 billion in capacity investments and approximately two dozen Electrical Americas projects should support incremental revenue growth as new facilities become operational.
For 2026, Eaton expects organic growth of 11–13%, segment operating margins of 24.1–24.5% and adjusted earnings per share of $13.40–$13.60. These targets reflect management’s confidence in sustained demand, operational improvements and the company’s ability to capitalize on structural growth opportunities across its core markets.
Encouraging Estimates for EatonThe Zacks Consensus Estimate for 2026 and 2027 revenues indicates a 19.3% and 10.9% year-over-year increase, respectively. The same for 2026 and 2027 earnings implies a 12.4% and an 18.4% year-over-year increase, respectively. The expected long-term earnings growth rate is pegged at 12.7%.
Optimistic Sentiment on EatonThe Zacks Consensus Estimate for ETN’s 2026 and 2027 earnings per share has moved 0.2% and 0.66% north, respectively, in the last 30 days.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Emerson’s 2026 bottom line witnessed no movement, but that for 2027 moved north in the last 30 days.
However, for Powell, the consensus estimate for 2026 and 2027 witnessed no movement in the same time frame.
Parting Thoughts on ETNEaton continues to deliver solid performance across its core businesses, supported by strong demand from expanding data center infrastructure. Continued research and development investments are fostering innovation, enhancing its product portfolio and addressing changing customer requirements. Strategic acquisitions are further strengthening Eaton’s technological capabilities and presence in high-growth markets.
Favorable earnings estimate revisions, healthy investment returns and a growing backlog support its long-term prospects. However, the stock’s premium valuation and mixed analyst sentiment keep us on the sidelines. Therefore, a wait-and-see approach appears appropriate for this Zacks Rank #3 (Hold) stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Simmons First National ve 3. čtvrtletí 2026 vykázala čistý zisk 47,1 mil. USD neboli 0,32 USD čistého zisku na zředěnou akcii; očištěný zisk dosáhl 79,0 mil. USD.
Comparisons reflect 3Q26 vs 2Q26 unless otherwise noted
Net income of $47.1 million and diluted EPS of $0.32
Adjusted net income1 of $79.0 million and adjusted diluted EPS1 of $0.54
ROAA of 0.77% and ROE of 5.37%
Adjusted ROAA1 of 1.29%; adjusted ROTCE1 of 15.50%
Total revenue of $251.2 million and PPNR1 of $69.1 million
Adjusted total revenue1 of $251.2 million and adjusted PPNR1 of $112.3 million
Net interest margin up 8 bps to 3.92%
Loan yields up 5 bps and cost of deposits down 8 bps to 1.85%
Efficiency ratio of 71.59%; adjusted efficiency ratio1 of 53.31%
Provision expense exceeded net charge-offs by $14.1 million for the first nine months of 2026
NCO ratio at 27 bps for 3Q26; ACL at 1.37%
Total revenue
$ 251.2
$ 248.6
$(569.5)
Adjusted total revenue1
251.2
248.6
232.5
Pre-provision net revenue1 (PPNR)
69.1
100.8
(711.6)
Adjusted pre-provision net revenue1
112.3
108.2
92.8
Provision for credit losses
12.2
17.4
12.0
Net income (loss)
47.1
66.7
(562.8)
Adjusted net income1
79.0
72.2
64.9
PER SHARE DATA
Diluted earnings
$ 0.32
$ 0.46
$ (4.00)
Adjusted diluted earnings1
0.54
0.50
0.46
Cash dividend declared
0.2150
0.2150
0.2125
BALANCE SHEET (in millions)
Total loans
$17,465
$18,062
$17,189
Total deposits
18,616
19,728
19,838
Total assets
24,074
24,777
24,208
Total shareholders' equity
3,350
3,482
3,354
ASSET QUALITY
Net charge-off ratio (NCO ratio)
0.27 %
0.20 %
0.25 %
Allowance for credit losses to loans (ACL)
1.37
1.32
1.50
CAPITAL RATIOS
Equity to assets (EA) ratio
13.91 %
14.05 %
13.85 %
Tangible common equity (TCE) ratio1
8.62
8.91
8.53
Common equity tier 1 (CET1) ratio
12.05
11.60
11.54
Total risk-based capital ratio
14.80
14.35
15.07
OTHER RATIOS
Return on average assets (ROAA)
0.77 %
1.09 %
(8.96) %
Adjusted ROAA1
1.29
1.17
1.03
Return on average common equity (ROE)
5.37
7.69
(66.29)
Return on average tangible common equity1 (ROTCE)
9.42
13.32
(113.56)
Adjusted ROTCE1
15.50
14.37
13.62
Net interest margin (FTE)2
3.92
3.84
3.50
Efficiency ratio
71.59
58.72
(25.11)
Adjusted efficiency ratio1
53.31
54.26
57.72
Jay Brogdon, Simmons' President and CEO, commented on third quarter 2026 results:
"The third quarter showcased our commitment to delivering sustainable long-term value through focused execution of several strategic initiatives designed to improve profitability and further optimize our balance sheet. We continue to achieve reductions in noninterest expenses as well as back-book loans and deposits with low relationship value. Combined with disciplined loan and deposit pricing, these initiatives drove net interest margin expansion of 8 basis points to 3.92%, and drove meaningful improvements in our adjusted ROAA and adjusted ROTCE performance.
Credit quality metrics remained relatively stable during the quarter, as we actively manage legacy credits and pursue early identification of potential problems. We continue strengthening reserves to buffer our already strong capital levels.
As we look to the fourth quarter and beyond, we will remain relentless in our commitment to the principles of generating sound and profitable growth. By simplifying and focusing our business, we have gained efficiencies that will more than fund ongoing investments that support high-value organic growth. We plan to further outline our strategic objectives and future financial targets at our upcoming Investor Day in December."
Simmons First National Corporation (NASDAQ: SFNC) (Simmons or Company) today reported net income of $47.1 million for the third quarter of 2026, compared to net income of $66.7 million for the second quarter of 2026 and a net loss of $562.8 million in the third quarter of 2025. Diluted earnings per share were $0.32 for the third quarter of 2026, compared to $0.46 for the second quarter of 2026 and $(4.00) for the third quarter of 2025. Adjusted earnings1 for the third quarter of 2026 were $79.0 million, compared to $72.2 million for the second quarter of 2026 and $64.9 million for the third quarter of 2025. Adjusted diluted earnings per share1 for the third quarter of 2026 were $0.54, compared to $0.50 for the second quarter of 2026 and $0.46 for the third quarter of 2025.
For the third quarter of 2026, return on average assets was 0.77 percent and return on average common equity was 5.37 percent. Adjusted return on average assets1 was 1.29 percent and adjusted return on average tangible common equity1 was 15.50 percent.
The table below summarizes the impact of certain items, consisting primarily of branch/real estate rightsizing costs, severance/early retirement program costs, certain professional services, accelerated prepaid expenses, loss on sale of securities and loss on early extinguishment of debt. These items are also described in further detail in the "Reconciliation of Non-GAAP Financial Measures" tables contained in this press release.
Impact of Certain Items on Earnings and Diluted Earnings Per Share (EPS)
$ in millions, except per share data
3Q26
2Q26
3Q25
Net income (loss)
$ 47.1
$ 66.7
$(562.8)
Branch/real estate rightsizing costs, net
14.2
6.1
2.0
Severance/early retirement program costs
6.0
1.3
0.3
Certain professional services
17.1
-
-
Accelerated prepaid expenses
5.9
-
-
Loss on sale of securities
-
-
801.5
Loss on early extinguishment of debt
-
-
0.6
Total pre-tax impact
43.2
7.4
804.4
Tax effect
(11.3)
(1.9)
(176.7)
Total impact on earnings
31.9
5.5
627.7
Adjusted earnings1, 3
$ 79.0
$ 72.2
$ 64.9
Diluted EPS
$ 0.32
$ 0.46
$(4.00)
Branch/real estate rightsizing costs, net
0.10
0.04
0.01
Severance/early retirement program costs
0.04
0.01
-
Certain professional services
0.12
-
-
Accelerated prepaid expenses
0.04
-
-
Loss on sale of securities
-
-
5.70
Loss on early extinguishment of debt
-
-
-
Total pre-tax impact
0.30
0.05
5.71
Tax effect
(0.08)
(0.01)
(1.25)
Total impact on earnings
0.22
0.04
4.46
Adjusted Diluted EPS1
$ 0.54
$ 0.50
$ 0.46
Net Interest Income
Net interest income for the third quarter of 2026 totaled $204.0 million, up $3.3 million, or 7 percent annualized, compared to $200.6 million for the second quarter of 2026 and up $17.3 million, or 9 percent, compared to $186.7 million for the third quarter of 2025. The increase in net interest income on a linked quarter basis was due to a $1.4 million increase in interest income, coupled with a $2.0 million decrease in interest expense. These changes were primarily driven by loan yields increasing as lower fixed rate loan back book repriced higher, continued optimization of funding costs, including lower customer deposit costs and utilization of FHLB advances as an alternative to higher rate brokered deposits, and one extra day in the quarter. The increase in net interest income on a year-over-year basis was primarily due to a full quarter impact of balance sheet repositioning completed in the third quarter of 2025, along with the previously mentioned lower fixed rate loan back book repricing and optimization of funding cost.
Net interest margin for the third quarter of 2026 on a fully taxable equivalent (FTE) basis2 was 3.92 percent, up 8 basis points compared to 3.84 percent for the second quarter of 2026 and up 42 basis points compared to 3.50 percent for the third quarter of 2025. The increase in net interest margin on a linked quarter basis reflected an increase in loan yields, coupled with the deleveraging of the balance sheet driven by the run-off of certain lower yielding, low relationship credits and a corresponding reduction of higher cost funding. The increase in the net interest margin on a year-over-year basis primarily reflected the full impact of the balance sheet repositioning that was completed during the third quarter of 2025 and previously mentioned optimization of loan yields and funding cost.
Select Yield/Rates
3Q26
2Q26
1Q26
4Q25
3Q25
Loan yield (FTE)2
6.20 %
6.15 %
6.16 %
6.23 %
6.31 %
Investment securities yield (FTE)2
4.33
4.26
4.25
4.30
4.01
Cost of interest bearing deposits
2.39
2.46
2.47
2.62
2.86
Cost of deposits
1.85
1.93
1.96
2.04
2.25
Net interest spread (FTE)2
3.35
3.26
3.27
3.18
2.86
Net interest margin (FTE)2
3.92
3.84
3.84
3.81
3.50
Noninterest Income
Noninterest income for the third quarter of 2026 was $47.2 million, compared to $47.9 million in the second quarter of 2026 and $(756.2) million in the third quarter of 2025. Included in noninterest income in the third quarter of 2025 was a loss on the sale of securities totaling $801.5 million in connection with the balance sheet repositioning. Adjusted noninterest income1 for the third quarter of 2025 was $45.9 million. The decrease in noninterest income on a linked quarter basis was primarily due to a decrease in swap fee income and a higher positive valuation adjustment on Small Business Investment Company (SBIC) investments in the second quarter of 2026, both of which are included in "other income" in the table below. These decreases more than offset a $1.3 million increase in service charges on deposit accounts and a $1.2 million increase in wealth management services.
Noninterest Income
$ in millions
3Q26
2Q26
1Q26
4Q25
3Q25
Service charges on deposit accounts
$ 13.6
$ 12.3
$ 12.7
$ 12.7
$ 13.0
Wealth management services
11.4
10.2
10.5
10.3
10.0
Debit and credit card services
8.7
9.0
8.5
8.7
8.5
Mortgage lending income
1.7
2.0
1.9
2.2
2.3
Other service charges and fees
1.5
1.6
1.6
1.5
1.5
Bank owned life insurance
4.2
4.2
4.2
3.9
3.9
Gain (loss) on sale of securities
-
-
-
-
(801.5)
Other income
6.0
8.6
4.8
12.4
6.1
Total noninterest income
$ 47.2
$ 47.9
$ 44.2
$ 51.7
$(756.2)
Adjusted noninterest income1
$ 47.2
$ 47.9
$ 44.2
$ 51.7
$ 45.9
Noninterest Expense
Noninterest expense for the third quarter of 2026 was $182.0 million, compared to $147.7 million in the second quarter of 2026 and $142.0 million in the third quarter of 2025. Included in noninterest expense are certain items consisting of branch/real estate rightsizing costs, severance/early retirement program costs, certain professional services, accelerated prepaid expenses and loss on early extinguishment of debt. Collectively, these items totaled $43.1 million in the third quarter of 2026, $7.4 million in the second quarter of 2026 and $2.3 million in the third quarter of 2025. Excluding these items (which are described in the "Reconciliation of Non-GAAP Financial Measures" table below) adjusted noninterest expense1 was $138.9 million in the third quarter of 2026, $140.3 million in the second quarter of 2026 and $139.7 million in the third quarter of 2025. The efficiency ratio for the third quarter of 2026 was 71.59 percent, compared to 58.72 percent for the second quarter of 2026 and (25.11) percent for the third quarter of 2025. The adjusted efficiency ratio1 was 53.31 percent for the third quarter of 2026, compared to 54.26 percent for the second quarter of 2026 and 57.72 percent for the third quarter of 2025.
Noninterest Expense
$ in millions
3Q26
2Q26
1Q26
4Q25
3Q25
Salaries and employee benefits
$ 78.1
$ 75.6
$ 75.9
$ 72.9
$ 76.2
Occupancy expense, net
11.7
14.7
12.2
11.6
12.1
Furniture and equipment
5.4
5.7
5.4
5.3
5.3
Deposit insurance
4.5
4.5
2.3
4.7
5.2
Other real estate and foreclosure expense
0.2
0.7
0.3
0.4
0.2
Other operating expenses
82.1
46.6
44.5
44.8
43.0
Total noninterest expense
$182.0
$147.7
$140.7
$139.9
$142.0
Adjusted salaries and employee benefits1
$ 72.1
$ 74.3
$ 75.6
$ 72.9
$ 75.9
Adjusted other operating expenses1
45.0
44.2
43.1
44.0
41.5
Adjusted noninterest expense1
138.9
140.3
140.6
138.6
139.7
Efficiency ratio
71.59 %
58.72 %
57.56 %
55.52 %
(25.11) %
Adjusted efficiency ratio1
53.31
54.26
56.16
53.64
57.72
Full-time equivalent employees
2,712
2,909
2,913
2,917
2,883
Number of financial centers
220
220
221
222
223
Loans and Unfunded Loan Commitments
Total loans at the end of the third quarter of 2026 were $17.5 billion, compared to $18.1 billion at the end of the second quarter of 2026 and $17.2 billion at the end of the third quarter of 2025. The decrease in total loans on a linked quarter basis reflected higher levels of paydowns, early payoffs, and continued focus on profitability and relationship banking as we deleveraged the balance sheet through the run-off of certain lower yielding, low relationship credits. Unfunded commitments at the end of the third quarter of 2026 were $4.4 billion, relatively unchanged from second quarter 2026 levels and up from $4.0 billion at the end of the third quarter of 2025. The commercial loan pipeline totaled $1.3 billion at the end of the third quarter of 2026, and ready-to-close commercial loans totaled $455 million with a weighted average rate of 6.78 percent.
Loans and Unfunded Loan Commitments
$ in millions
3Q26
2Q26
1Q26
4Q25
3Q25
Total loans
$17,465
$18,062
$17,933
$17,492
$17,189
Unfunded loan commitments
4,356
4,384
4,068
3,871
3,955
Deposits and Other Borrowings
Total deposits at the end of the third quarter of 2026 were $18.6 billion, compared to $19.7 billion at the end of the second quarter of 2026 and $19.8 billion at the end of the third quarter of 2025. Noninterest bearing deposits totaled $4.3 billion at the end of the third quarter of 2026, compared to $4.4 billion at the end of both the second quarter of 2026 and the third quarter of 2025. Interest bearing deposits at the end of the third quarter of 2026 totaled $14.3 billion, compared to $15.4 billion at the end of the second quarter of 2026 and $15.5 billion at the end of the third quarter of 2025. The decrease in interest bearing deposits on a linked quarter basis reflected balance sheet deleveraging of higher rate deposits, seasonal decreases in public fund deposits and a reduction in the utilization of brokered deposits given pricing relative to FHLB advances. The decrease in total deposits on a year-over-year basis primarily reflected a decrease in time deposits, coupled with a decrease in brokered deposits.
Other borrowings at the end of the third quarter of 2026 were $1.4 billion, compared to $941.3 million at the end of the second quarter of 2026 and $18.8 million at the end of the third quarter of 2025. The increase in other borrowings on a linked quarter and year-over-year basis reflected increased utilization of short-term FHLB advances given favorable pricing.
Deposits
$ in millions
3Q26
2Q26
1Q26
4Q25
3Q25
Noninterest bearing deposits
$ 4,286
$ 4,350
$ 4,290
$ 4,330
$ 4,377
Interest bearing transaction accounts
10,288
10,332
10,667
10,453
10,289
Time deposits
3,107
3,233
3,334
3,508
3,331
Brokered deposits
935
1,813
1,912
1,893
1,841
Total deposits
$18,616
$19,728
$20,203
$20,184
$19,838
Noninterest bearing deposits to total deposits
23 %
22 %
21 %
21 %
22 %
Total loans to total deposits
94
92
89
87
87
Asset Quality
Provision for credit losses on loans totaled $12.2 million for the third quarter of 2026, compared to $17.4 million in the second quarter of 2026 and $15.2 million in the third quarter of 2025. Net charge-offs as a percentage of average loans for the third quarter of 2026 were 27 basis points, compared to 20 basis points in the second quarter of 2026 and 25 basis points in the third quarter of 2025. The allowance for credit losses on loans at the end of the third quarter of 2026 was $238.5 million, compared to $238.2 million at the end of the second quarter of 2026 and $258.0 million at the end of the third quarter of 2025. The allowance for credit losses on loans as a percentage of total loans at the end of the third quarter of 2026 was 1.37 percent, compared to 1.32 percent at the end of the second quarter of 2026 and 1.50 percent at the end of the third quarter of 2025.
Loans past due 30-89 days as a percentage of total loans were 30 basis points at the end of the third quarter of 2026, compared to 29 basis points at the end of the second quarter of 2026 and 11 basis points at the end of the third quarter of 2025. Total nonperforming loans at the end of the third quarter of 2026 totaled $179.9 million, compared to $166.1 million at the end of the second quarter of 2026 and $153.9 million at the end of the third quarter of 2025. The increase in nonperforming loans on a linked quarter basis reflected normal credit migration. The nonperforming loan coverage ratio ended the third quarter of 2026 at 133 percent, compared to 143 percent at the end of the second quarter of 2026 and 168 percent at the end of the third quarter of 2025. Total nonperforming assets as a percentage of total assets were 78 basis points at the end of the third quarter of 2026, compared to 72 basis points at the end of the second quarter of 2026 and 66 basis points at the end of the third quarter of 2025.
Asset Quality
$ in millions
3Q26
2Q26
1Q26
4Q25
3Q25
Allowance for credit losses on loans to total loans
1.37 %
1.32 %
1.28 %
1.28 %
1.50 %
Allowance for credit losses on loans to nonperforming loans
133
143
162
199
168
Nonperforming loans to total loans
1.03
0.92
0.79
0.64
0.90
Net charge-off ratio (annualized)
0.27
0.20
0.21
1.12
0.25
Net charge-off ratio YTD (annualized)
0.23
0.21
0.21
0.47
0.24
Loans past due 30-89 days to total loans
0.30
0.29
0.51
0.27
0.11
Total nonperforming loans
$179.9
$166.1
$141.9
$112.7
$153.9
Total other nonperforming assets
7.1
11.1
12.6
12.4
6.8
Total nonperforming assets
$187.0
$177.2
$154.5
$125.1
$160.7
Reserve for unfunded commitments
$25.6
$25.6
$25.6
$25.6
$25.6
Capital
Total stockholders' equity at the end of the third quarter of 2026 was $3.3 billion, compared to $3.5 billion at the end of the second quarter of 2026 and $3.4 billion at the end of the third quarter of 2025. Book value per share at the end of the third quarter of 2026 was $23.18, compared to $24.11 at the end of the second quarter of 2026 and unchanged from the third quarter of 2025. Tangible book value per share1 at the end of the third quarter of 2026 was $13.52, compared to $14.42 at the end of the second quarter of 2026 and $13.45 at the end of the third quarter of 2025. The decrease in book value per share and tangible book value per share on a linked quarter basis was primarily due to an increase in accumulated other comprehensive loss reflecting higher long-term interest rates, offset in part, by an increase in undivided profits.
Total stockholders' equity as a percentage of total assets at the end of the third quarter of 2026 was 13.9 percent, compared to 14.1 percent at the end of the second quarter of 2026 and unchanged from the level at the end of the third quarter of 2025. Tangible common equity as a percentage of tangible assets1 was 8.6 percent at the end of the third quarter of 2026, compared to 8.9 percent at the end of the second quarter of 2026 and 8.5 percent at the end of the third quarter of 2025. Both Simmons and its principal subsidiary, Simmons Bank, continue to maintain regulatory capital ratios significantly above "well-capitalized" regulatory guidelines.
Select Capital Ratios
3Q26
2Q26
1Q26
4Q25
3Q25
Stockholders' equity to total assets
13.9 %
14.1 %
13.9 %
13.9 %
13.9 %
Tangible common equity to tangible assets1
8.6
8.9
8.7
8.7
8.5
Common equity tier 1 (CET1) ratio
12.1
11.6
11.6
11.6
11.5
Tier 1 leverage ratio
10.4
10.2
10.1
10.1
9.6
Tier 1 risk-based capital ratio
12.1
11.6
11.6
11.6
11.5
Total risk-based capital ratio
14.8
14.4
14.4
14.4
15.1
Share Repurchase Program
During the third quarter of 2026, Simmons did not repurchase shares under its stock repurchase program that was authorized in January 2026 (2026 Program). Remaining authorization under the 2026 Program as of September 30, 2026, was approximately $161 million. The timing, pricing and amount of any repurchases under the 2026 Program will be determined by Simmons' management at its discretion based on a variety of factors, including, but not limited to, market conditions, trading volume and market price of Simmons' common stock, Simmons' capital needs, Simmons' working capital and investment requirements, other corporate considerations, economic conditions, and legal requirements. The 2026 Program does not obligate Simmons to repurchase any common stock and may be modified, discontinued or suspended at any time without prior notice.
Non-GAAP measurement. See "Non-GAAP Financial Measures" and "Reconciliation of Non-GAAP Financial Measures" below
(2)
FTE – fully taxable equivalent basis using an effective tax rate of 26.135%
(3)
In this press release, "Adjusted Earnings" may also be referred to as "Adjusted Net Income"
Conference Call
Management will conduct a live conference call to review this information beginning at 7:30 a.m. Central Time on Friday, October 16, 2026. Interested parties can listen to this call by dialing toll-free 1-844-481-2779 (North America only) and asking for the Simmons First National Corporation conference call, conference ID 10212015. In addition, the call will be available live or in recorded version on Simmons' website at simmonsbank.com for at least 60 days following the date of the call.
Simmons First National Corporation
Simmons First National Corporation (NASDAQ: SFNC) is a Mid-South based financial holding company that has paid cash dividends to its shareholders for 117 consecutive years. Its principal subsidiary, Simmons Bank, operates 220 branches in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Founded in 1903, Simmons Bank offers comprehensive financial solutions delivered with a client-centric approach. Recently, Simmons Bank was recognized by Newsweek as one of America's Best Regional Banks and Credit Unions 2026, by Forbes as one of America's Best-In-State Companies 2026 and by American Banker as one of the Top Performing Banks 2026 with $10 billion to $50 billion of assets. In 2025, Simmons Bank was recognized by Newsweek as one of America's Greatest Workplaces 2025 in Arkansas and one of America's Best Regional Banks 2025, and by U.S. News & World Report as one of the 2024-2025 Best Companies to Work For in the South. Additional information about Simmons Bank can be found on our website at simmonsbank.com, by following @Simmons_Bank on X or by visiting our newsroom.
Non-GAAP Financial Measures
This press release contains financial information determined by methods other than in accordance with U.S. generally accepted accounting principles (GAAP). The Company's management uses these non-GAAP financial measures in their analysis of the Company's performance. These measures adjust GAAP performance measures to, among other things, include the tax benefit associated with revenue items that are tax-exempt, as well as exclude from net income (including on a per share diluted basis), pre-tax, pre-provision earnings, net charge-offs, income available to common shareholders, noninterest income, and noninterest expense certain income and expense items attributable to, for example, branch/real estate rightsizing costs, severance/early retirement program costs, certain professional services, accelerated prepaid expenses, loss on sale of securities and loss on early extinguishment of debt.
In addition, the Company also presents certain figures based on tangible common stockholders' equity, tangible assets and tangible book value, which exclude goodwill and other intangible assets. The Company further presents certain figures that are exclusive of the impact of deposits and/or loans acquired through acquisitions, mortgage warehouse loans, and/or energy loans, or gains and/or losses on the sale of securities. The Company's management believes that these non-GAAP financial measures are useful to investors because they, among other things, present the results of the Company's ongoing operations without the effect of mergers or other items not central to the Company's ongoing business, as well as normalize for tax effects and certain other effects. Management, therefore, believes presentations of these non-GAAP financial measures provide useful supplemental information that is essential to a proper understanding of the operating results of the Company's ongoing businesses, and management uses these non-GAAP financial measures to assess the performance of the Company's ongoing businesses as related to prior financial periods. These non-GAAP disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in the tables of this release.
Forward-Looking Statements
Certain statements in this press release may not be based on historical facts and should be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, including, without limitation, statements made in Mr. Brogdon's quote, may be identified by reference to future periods or by the use of forward-looking terminology, such as "believe," "budget," "expect," "foresee," "anticipate," "intend," "indicate," "target," "estimate," "plan," "project," "continue," "contemplate," "positions," "prospects," "predict," or "potential," by future conditional verbs such as "will," "would," "should," "could," "might" or "may," or by variations of such words or by similar expressions. These forward-looking statements include, without limitation, statements relating to Simmons' future growth, business strategies, lending capacity and lending activity, loan demand, revenue, assets, asset quality, profitability, dividends, net interest margin, non-interest revenue, share repurchase program, acquisition strategy, digital banking initiatives, the Company's ability to recruit and retain key employees, the adequacy of the allowance for credit losses, future economic conditions and interest rates, and the adequacy of reserve levels for loans. Any forward-looking statement speaks only as of the date of this press release, and Simmons undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date of this press release. By nature, forward-looking statements are based on various assumptions and involve inherent risk and uncertainties. Various factors, including, but not limited to, changes in economic conditions, changes in credit quality, changes in interest rates and related governmental policies, the effects of a government shutdown, changes in loan demand, changes in deposit flows, changes in real estate values, changes in the assumptions used in making the forward-looking statements, changes in the securities markets generally or the price of Simmons' common stock specifically, changes in information technology affecting the financial industry, and changes in customer behaviors, including consumer spending, borrowing, and saving habits; changes in tariff policies; general economic and market conditions; changes in governmental administrations; market disruptions including pandemics or significant health hazards, severe weather conditions, natural disasters, terrorist activities, financial crises, political crises, war and other military conflicts (including the ongoing military conflicts in Iran and the Middle East and between Russia and Ukraine) or other major events, or the prospect of these events; the soundness of other financial institutions and any indirect exposure related to the closings of other financial institutions and their impact on the broader market through other customers, suppliers and partners, or that the conditions which resulted in the liquidity concerns experienced by closed financial institutions may also adversely impact, directly or indirectly, other financial institutions and market participants with which the Company has commercial or deposit relationships; increased inflation; the loss of key employees; increased competition in the markets in which the Company operates and from non-bank financial institutions; increased unemployment; labor shortages; claims, damages, and fines related to litigation or government actions; changes in accounting principles relating to loan loss recognition (current expected credit losses); fraud that results in material losses or that the Company has not discovered yet that may result in material losses; the Company's ability to manage and successfully integrate its mergers and acquisitions and to fully realize cost savings and other benefits associated with acquisitions; increased delinquency and foreclosure rates on commercial real estate loans; significant increases in nonaccrual loan balances; cyber or other information technology threats, attacks or events; emerging issues related to the development and use of artificial intelligence that could give rise to legal or regulatory action or increase cybersecurity threats; reliance on third parties for key services; government legislation; and other factors, many of which are beyond the control of the Company, could cause actual results to differ materially from those projected in or contemplated by the forward-looking statements. In addition, there can be no guarantee that the board of directors (Board) of Simmons will approve a quarterly dividend in future quarters, and the timing, payment, and amount of future dividends (if any) is subject to, among other things, the discretion of the Board and may differ significantly from past dividends. Additional information on factors that might affect the Company's financial results is included in the Company's Form 10-K for the year ended December 31, 2025, the Company's Form 10-Qs for the quarters ended March 31, 2026 and June 30, 2026, and other reports that the Company has filed with or furnished to the U.S. Securities and Exchange Commission (the SEC), all of which are available from the SEC on its website, www.sec.gov.
Simmons First National Corporation
SFNC
Consolidated End of Period Balance Sheets
For the Quarters Ended
Sep 30
Jun 30
Mar 31
Dec 31
Sep 30
(Unaudited)
2026
2026
2026
2025
2025
($ in thousands)
ASSETS
Cash and noninterest bearing balances due from banks
$ 415,752
$ 377,602
$ 342,603
$ 380,439
$ 377,604
Interest bearing balances due from banks and federal funds sold
343,870
211,882
205,880
331,474
266,013
Cash and cash equivalents
759,622
589,484
548,483
711,913
643,617
Interest bearing balances due from banks - time
-
100
100
100
100
Investment securities - held-to-maturity
-
-
-
-
-
Investment securities - available-for-sale
2,743,458
3,077,181
3,152,286
3,266,221
3,319,277
Mortgage loans held for sale
12,916
16,450
14,311
17,438
15,507
Assets held in trading accounts
6,874
14,541
14,543
11,685
12,695
Loans:
Loans
17,464,682
18,062,369
17,932,883
17,492,179
17,188,817
Allowance for credit losses on loans
(238,520)
(238,227)
(229,908)
(224,377)
(258,006)
Net loans
17,226,162
17,824,142
17,702,975
17,267,802
16,930,811
Premises and equipment
542,159
552,435
557,873
561,220
568,343
Foreclosed assets and other real estate owned
7,133
11,080
12,475
12,009
6,386
Interest receivable
110,004
103,016
101,557
104,062
104,383
Bank owned life insurance
548,119
545,252
542,486
540,001
539,372
Goodwill
1,320,799
1,320,799
1,320,799
1,320,799
1,320,799
Other intangible assets
75,132
78,228
81,325
84,423
87,520
Other assets
722,103
644,108
643,570
643,204
659,352
Total assets
$ 24,074,481
$ 24,776,816
$ 24,692,783
$ 24,540,877
$ 24,208,162
LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits:
Noninterest bearing transaction accounts
$ 4,285,910
$ 4,350,474
$ 4,289,697
$ 4,330,211
$ 4,377,232
Interest bearing transaction accounts and savings deposits
11,005,547
11,133,265
11,311,979
11,141,169
10,932,914
Time deposits
3,324,686
4,244,371
4,601,107
4,712,658
4,527,587
Total deposits
18,616,143
19,728,110
20,202,783
20,184,038
19,837,733
Federal funds purchased and securities sold
under agreements to repurchase
99,444
46,216
8,708
21,383
22,348
Other borrowings
1,365,751
941,256
446,756
302,253
18,832
Subordinated notes and debentures
301,884
312,028
315,700
317,714
648,976
Accrued interest and other liabilities
341,455
267,347
281,102
296,249
326,310
Total liabilities
20,724,677
21,294,957
21,255,049
21,121,637
20,854,199
Stockholders' equity:
Common stock
1,445
1,444
1,451
1,448
1,447
Surplus
2,839,951
2,837,845
2,848,952
2,846,581
2,848,977
Undivided profits
953,349
937,307
901,696
864,341
817,022
Accumulated other comprehensive (loss) income
(444,941)
(294,737)
(314,365)
(293,130)
(313,483)
Total stockholders' equity
3,349,804
3,481,859
3,437,734
3,419,240
3,353,963
Total liabilities and stockholders' equity
$ 24,074,481
$ 24,776,816
$ 24,692,783
$ 24,540,877
$ 24,208,162
Simmons First National Corporation
SFNC
Consolidated Statements of Income - Quarter-to-Date
For the Quarters Ended
Sep 30
Jun 30
Mar 31
Dec 31
Sep 30
(Unaudited)
2026
2026
2026
2025
2025
($ in thousands, except per share data)
INTEREST INCOME
Loans (including fees)
$ 275,903
$ 274,271
$ 267,287
$ 270,868
$ 269,210
Interest bearing balances due from banks and federal funds sold
2,541
2,058
2,320
2,485
6,421
Investment securities
30,239
31,013
31,882
33,833
37,464
Mortgage loans held for sale
236
202
203
227
229
Assets held in trading accounts
124
136
122
118
99
TOTAL INTEREST INCOME
309,043
307,680
301,814
307,531
313,423
INTEREST EXPENSE
Time deposits
31,154
36,996
39,949
41,989
49,064
Other deposits
58,295
58,536
57,653
60,516
67,546
Federal funds purchased and securities
sold under agreements to repurchase
141
426
36
57
72
Other borrowings
10,220
5,873
1,746
2,138
2,957
Subordinated notes and debentures
5,257
5,222
5,262
5,535
7,123
TOTAL INTEREST EXPENSE
105,067
107,053
104,646
110,235
126,762
NET INTEREST INCOME
203,976
200,627
197,168
197,296
186,661
PROVISION FOR CREDIT LOSSES
Provision for credit losses on loans
12,167
17,434
14,622
15,116
15,180
Provision for credit losses on investment securities - HTM
-
-
-
-
(3,214)
TOTAL PROVISION FOR CREDIT LOSSES
12,167
17,434
14,622
15,116
11,966
NET INTEREST INCOME AFTER PROVISION
FOR CREDIT LOSSES
191,809
183,193
182,546
182,180
174,695
NONINTEREST INCOME
Service charges on deposit accounts
13,609
12,329
12,656
12,669
13,045
Debit and credit card fees
8,735
9,008
8,503
8,660
8,478
Wealth management fees
11,440
10,240
10,533
10,337
9,965
Mortgage lending income
1,668
1,994
1,854
2,232
2,259
Bank owned life insurance income
4,218
4,218
4,218
3,942
3,943
Other service charges and fees (includes insurance income)
1,509
1,551
1,606
1,503
1,474
Gain (loss) on sale of securities
-
-
-
-
(801,492)
Other income
6,012
8,599
4,827
12,365
6,141
TOTAL NONINTEREST INCOME
47,191
47,939
44,197
51,708
(756,187)
NONINTEREST EXPENSE
Salaries and employee benefits
78,077
75,590
75,885
72,924
76,249
Occupancy expense, net
11,708
14,715
12,218
11,636
12,106
Furniture and equipment expense
5,382
5,739
5,423
5,304
5,275
Other real estate and foreclosure expense
230
695
315
432
200
Deposit insurance
4,519
4,450
2,295
4,736
5,175
Other operating expenses
82,119
46,550
44,537
44,830
43,027
TOTAL NONINTEREST EXPENSE
182,035
147,739
140,673
139,862
142,032
NET INCOME (LOSS) BEFORE INCOME TAXES
56,965
83,393
86,070
94,026
(723,524)
Provision for income taxes
9,852
16,702
17,526
15,948
(160,732)
NET INCOME (LOSS)
$ 47,113
$ 66,691
$ 68,544
$ 78,078
$ (562,792)
BASIC EARNINGS PER SHARE
$ 0.33
$ 0.46
$ 0.47
$ 0.54
$ (4.01)
DILUTED EARNINGS PER SHARE
$ 0.32
$ 0.46
$ 0.47
$ 0.54
$ (4.00)
Simmons First National Corporation
SFNC
Consolidated Risk-Based Capital
For the Quarters Ended
Sep 30
Jun 30
Mar 31
Dec 31
Sep 30
(Unaudited)
2026
2026
2026
2025
2025
($ in thousands)
Tier 1 capital
Stockholders' equity
$ 3,349,804
$ 3,481,859
$ 3,437,734
$ 3,419,240
$ 3,353,963
Disallowed intangible assets, net of deferred tax
(1,364,874)
(1,367,717)
(1,370,562)
(1,374,839)
(1,376,255)
Unrealized loss (gain) on AFS securities
444,941
294,737
314,365
293,130
313,483
Total Tier 1 capital
2,429,871
2,408,879
2,381,537
2,337,531
2,291,191
Tier 2 capital
Subordinated notes and debentures
301,884
312,028
315,700
317,714
648,976
Subordinated debt phase out
-
-
-
-
(198,000)
Qualifying allowance for loan losses and
reserve for unfunded commitments
252,179
259,618
255,537
250,006
248,710
Total Tier 2 capital
554,063
571,646
571,237
567,720
699,686
Total risk-based capital
$ 2,983,934
$ 2,980,525
$ 2,952,774
$ 2,905,251
$ 2,990,877
Risk weighted assets
$ 20,162,327
$ 20,765,212
$ 20,565,445
$ 20,106,493
$ 19,861,879
Adjusted average assets for leverage ratio
$ 23,337,099
$ 23,617,439
$ 23,487,513
$ 23,224,638
$ 23,963,356
Ratios at end of quarter
Equity to assets
13.91 %
14.05 %
13.92 %
13.93 %
13.85 %
Tangible common equity to tangible assets (1)
8.62 %
8.91 %
8.74 %
8.71 %
8.53 %
Common equity Tier 1 ratio (CET1)
12.05 %
11.60 %
11.58 %
11.63 %
11.54 %
Tier 1 leverage ratio
10.41 %
10.20 %
10.14 %
10.06 %
9.56 %
Tier 1 risk-based capital ratio
12.05 %
11.60 %
11.58 %
11.63 %
11.54 %
Total risk-based capital ratio
14.80 %
14.35 %
14.36 %
14.45 %
15.07 %
(1) Calculations of tangible common equity to tangible assets and the reconciliations to GAAP are included in the schedules accompanying this release.
Simmons First National Corporation
SFNC
Consolidated Investment Securities
For the Quarters Ended
Sep 30
Jun 30
Mar 31
Dec 31
Sep 30
(Unaudited)
2026
2026
2026
2025
2025
($ in thousands)
Investment Securities - End of Period
Held-to-Maturity
U.S. Government agencies
$ -
$ -
$ -
$ -
$ -
Mortgage-backed securities
-
-
-
-
-
State and political subdivisions
-
-
-
-
-
Other securities
-
-
-
-
-
Total held-to-maturity (net of credit losses)
-
-
-
-
-
Available-for-Sale
U.S. Treasury
$ -
$ -
$ -
$ -
$ -
U.S. Government agencies
17,708
44,425
46,329
47,172
48,355
Mortgage-backed securities
1,893,901
2,061,760
2,128,732
2,201,958
2,249,593
State and political subdivisions
751,322
865,467
838,880
859,071
845,371
Other securities
80,527
105,529
138,345
158,020
175,958
Total available-for-sale (net of credit losses)
2,743,458
3,077,181
3,152,286
3,266,221
3,319,277
Total investment securities (net of credit losses)
$ 2,743,458
$ 3,077,181
$ 3,152,286
$ 3,266,221
$ 3,319,277
Fair value - HTM investment securities
$ -
$ -
$ -
$ -
$ -
Simmons First National Corporation
SFNC
Consolidated Loans
For the Quarters Ended
Sep 30
Jun 30
Mar 31
Dec 31
Sep 30
(Unaudited)
2026
2026
2026
2025
2025
($ in thousands)
Loan Portfolio - End of Period
Consumer:
Credit cards
$ 167,388
$ 174,148
$ 172,610
$ 175,760
$ 173,020
Other consumer
86,552
99,117
96,387
115,472
112,335
Total consumer
253,940
273,265
268,997
291,232
285,355
Real Estate:
Construction
2,475,768
2,577,630
2,621,859
2,873,807
2,874,823
Single-family residential
2,505,437
2,564,282
2,566,162
2,607,450
2,617,849
Other commercial real estate
8,715,947
8,828,771
8,764,648
8,289,968
7,875,649
Total real estate
13,697,152
13,970,683
13,952,669
13,771,225
13,368,321
Commercial:
Commercial
2,340,957
2,516,607
2,521,440
2,382,339
2,397,388
Agricultural
447,255
426,522
333,508
306,300
353,181
Total commercial
2,788,212
2,943,129
2,854,948
2,688,639
2,750,569
Other
725,378
875,292
856,269
741,083
784,572
Total loans
$ 17,464,682
$ 18,062,369
$ 17,932,883
$ 17,492,179
$ 17,188,817
Simmons First National Corporation
SFNC
Consolidated Allowance and Asset Quality
For the Quarters Ended
Sep 30
Jun 30
Mar 31
Dec 31
Sep 30
(Unaudited)
2026
2026
2026
2025
2025
($ in thousands)
Allowance for Credit Losses on Loans
Beginning balance
$ 238,227
$ 229,908
$ 224,377
$ 258,006
$ 253,537
Loans charged off:
Credit cards
1,523
1,368
1,677
1,346
1,862
Other consumer
328
350
590
550
600
Real estate
8,535
5,465
6,629
25,850
1,350
Commercial
2,663
3,520
1,666
22,004
8,079
Total loans charged off
13,049
10,703
10,562
49,750
11,891
Recoveries of loans previously charged off:
Credit cards
326
244
468
347
257
Other consumer
241
381
301
163
303
Real estate
165
151
449
105
115
Commercial
443
812
253
390
505
Total recoveries
1,175
1,588
1,471
1,005
1,180
Net loans charged off
11,874
9,115
9,091
48,745
10,711
Provision for credit losses on loans
12,167
17,434
14,622
15,116
15,180
Balance, end of quarter
$ 238,520
$ 238,227
$ 229,908
$ 224,377
$ 258,006
Nonperforming assets
Nonperforming loans:
Nonaccrual loans
$ 179,397
$ 165,295
$ 141,233
$ 111,791
$ 153,516
Loans past due 90 days or more
488
753
647
948
423
Total nonperforming loans
179,885
166,048
141,880
112,739
153,939
Other nonperforming assets:
Foreclosed assets and other real estate owned
7,133
11,080
12,475
12,009
6,386
Other nonperforming assets
12
60
181
323
392
Total other nonperforming assets
7,145
11,140
12,656
12,332
6,778
Total nonperforming assets
$ 187,030
$ 177,188
$ 154,536
$ 125,071
$ 160,717
Loans past due 30-89 days (excluding nonaccrual)
$ 51,871
$ 52,308
$ 91,245
$ 47,016
$ 19,207
Ratios
Allowance for credit losses on loans to total loans
1.37 %
1.32 %
1.28 %
1.28 %
1.50 %
Allowance for credit losses to nonperforming loans
133 %
143 %
162 %
199 %
168 %
Nonperforming loans to total loans
1.03 %
0.92 %
0.79 %
0.64 %
0.90 %
Nonperforming assets to total assets
0.78 %
0.72 %
0.63 %
0.51 %
0.66 %
Annualized net charge offs to average loans (QTD)
0.27 %
0.20 %
0.21 %
1.12 %
0.25 %
Annualized net charge offs to average loans (YTD)
0.23 %
0.21 %
0.21 %
0.47 %
0.24 %
Annualized net credit card charge offs to
average credit card loans (QTD)
2.75 %
2.57 %
2.81 %
2.23 %
3.64 %
Loans past due 30-89 days to total loans
0.30 %
0.29 %
0.51 %
0.27 %
0.11 %
Simmons First National Corporation
SFNC
Consolidated - Average Balance Sheet and Net Interest Income Analysis
For the Quarters Ended
(Unaudited)
Three Months Ended
Sep 2026
Three Months Ended
Jun 2026
Three Months Ended
Sep 2025
($ in thousands)
Average
Balance
Income/
Expense
Yield/
Rate
Average
Balance
Income/
Expense
Yield/
Rate
Average
Balance
Income/
Expense
Yield/
Rate
ASSETS
Earning assets:
Interest bearing balances due from banks
and federal funds sold
$ 246,779
$ 2,541
4.09 %
$ 199,704
$ 2,058
4.13 %
$ 566,344
$ 6,421
4.50 %
Investment securities - taxable
2,163,583
24,728
4.53 %
2,301,053
25,472
4.44 %
2,751,493
29,183
4.21 %
Investment securities - non-taxable (FTE)
787,115
7,461
3.76 %
802,448
7,502
3.75 %
1,242,936
11,210
3.58 %
Mortgage loans held for sale
15,665
236
5.98 %
13,556
202
5.98 %
13,776
229
6.60 %
Assets held in trading accounts
12,499
124
3.94 %
14,731
136
3.70 %
11,305
99
3.47 %
Loans - including fees (FTE)
17,735,235
277,069
6.20 %
17,956,572
275,339
6.15 %
16,976,231
270,092
6.31 %
Total interest earning assets (FTE)
20,960,876
312,159
5.91 %
21,288,064
310,709
5.85 %
21,562,085
317,234
5.84 %
Non-earning assets
3,371,350
3,349,957
3,352,837
Total assets
$ 24,332,226
$ 24,638,021
$ 24,914,922
LIABILITIES AND STOCKHOLDERS' EQUITY
Interest bearing liabilities:
Interest bearing transaction and
savings accounts
$ 11,104,164
$ 58,295
2.08 %
$ 11,192,627
$ 58,536
2.10 %
$ 11,043,132
$ 67,546
2.43 %
Time deposits
3,764,350
31,154
3.28 %
4,406,355
36,996
3.37 %
5,116,070
49,064
3.80 %
Total interest bearing deposits
14,868,514
89,449
2.39 %
15,598,982
95,532
2.46 %
16,159,202
116,610
2.86 %
Federal funds purchased and securities
sold under agreement to repurchase
22,142
141
2.53 %
57,758
426
2.96 %
23,306
72
1.23 %
Other borrowings
1,083,796
10,220
3.74 %
635,693
5,873
3.71 %
268,278
2,957
4.37 %
Subordinated notes and debentures
309,678
5,257
6.73 %
314,108
5,222
6.67 %
407,922
7,123
6.93 %
Total interest bearing liabilities
16,284,130
105,067
2.56 %
16,606,541
107,053
2.59 %
16,858,708
126,762
2.98 %
Noninterest bearing liabilities:
Noninterest bearing deposits
4,262,855
4,272,088
4,369,941
Other liabilities
307,051
280,861
317,965
Total liabilities
20,854,036
21,159,490
21,546,614
Stockholders' equity
3,478,190
3,478,531
3,368,308
Total liabilities and stockholders' equity
$ 24,332,226
$ 24,638,021
$ 24,914,922
Net interest income (FTE)
$ 207,092
$ 203,656
$ 190,472
Net interest spread (FTE)
3.35 %
3.26 %
2.86 %
Net interest margin (FTE)
3.92 %
3.84 %
3.50 %
Simmons First National Corporation
SFNC
Consolidated - Selected Financial Data
For the Quarters Ended
Sep 30
Jun 30
Mar 31
Dec 31
Sep 30
(Unaudited)
2026
2026
2026
2025
2025
($ in thousands, except share data)
QUARTER-TO-DATE
Financial Highlights - As Reported
Net Income (loss)
$ 47,113
$ 66,691
$ 68,544
$ 78,078
$ (562,792)
Diluted earnings per share
0.32
0.46
0.47
0.54
(4.00)
Return on average assets
0.77 %
1.09 %
1.13 %
1.28 %
-8.96 %
Return on average tangible assets (non-GAAP) (1)
0.85 %
1.19 %
1.24 %
1.40 %
-9.46 %
Return on average common equity
5.37 %
7.69 %
8.01 %
9.08 %
-66.29 %
Return on tangible common equity (non-GAAP) (1)
9.42 %
13.32 %
13.90 %
15.92 %
-113.56 %
Net interest margin (FTE)
3.92 %
3.84 %
3.84 %
3.81 %
3.50 %
Efficiency ratio (2)
71.59 %
58.72 %
57.56 %
55.52 %
-25.11 %
FTE adjustment
3,116
3,029
3,012
2,890
3,811
Average diluted shares outstanding
145,054,299
145,323,958
145,340,410
145,210,222
140,648,704
Shares repurchased under plan
-
662,082
-
-
-
Average price of shares repurchased
-
21.52
-
-
-
Cash dividends declared per common share
0.215
0.215
0.215
0.213
0.213
Accretable yield on acquired loans
(221)
778
902
749
725
Financial Highlights - Adjusted (non-GAAP) (1)
Adjusted earnings
$ 78,980
$ 72,171
$ 68,566
$ 78,975
$ 64,930
Adjusted diluted earnings per share
0.54
0.50
0.47
0.54
0.46
Adjusted return on average assets
1.29 %
1.17 %
1.13 %
1.29 %
1.03 %
Adjusted return on average tangible assets (non-GAAP) (1)
1.41 %
1.29 %
1.24 %
1.41 %
1.13 %
Adjusted return on average common equity
9.01 %
8.32 %
8.01 %
9.19 %
7.65 %
Adjusted return on tangible common equity
15.50 %
14.37 %
13.91 %
16.10 %
13.62 %
Adjusted efficiency ratio (2)
53.31 %
54.26 %
56.16 %
53.64 %
57.72 %
YEAR-TO-DATE
Financial Highlights - GAAP
Net Income (loss)
$ 182,348
$ 135,235
$ 68,544
$ (397,553)
$ (475,631)
Diluted earnings per share
1.25
0.93
0.47
(2.95)
(3.63)
Return on average assets
1.00 %
1.11 %
1.13 %
-1.55 %
-2.44 %
Return on average tangible assets (non-GAAP) (1)
1.10 %
1.22 %
1.24 %
-1.60 %
-2.54 %
Return on average common equity
7.01 %
7.85 %
8.01 %
-11.45 %
-18.21 %
Return on tangible common equity (non-GAAP) (1)
12.19 %
13.61 %
13.90 %
-18.84 %
-30.13 %
Net interest margin (FTE)
3.86 %
3.84 %
3.84 %
3.32 %
3.17 %
Efficiency ratio (2)
62.70 %
58.15 %
57.56 %
460.26 %
-329.30 %
FTE adjustment
9,157
6,041
3,012
19,537
16,647
Average diluted shares outstanding
145,305,872
145,335,181
145,340,410
134,731,180
131,132,891
Cash dividends declared per common share
0.645
0.430
0.215
0.850
0.638
Financial Highlights - Adjusted (non-GAAP) (1)
Adjusted earnings
$ 219,717
$ 140,737
$ 68,566
$ 233,098
$ 154,123
Adjusted diluted earnings per share
1.51
0.97
0.47
1.73
1.18
Adjusted return on average assets
1.20 %
1.15 %
1.13 %
0.91 %
0.79 %
Adjusted return on average tangible assets (non-GAAP) (1)
1.31 %
1.26 %
1.24 %
1.00 %
0.87 %
Adjusted return on average common equity
8.45 %
8.17 %
8.01 %
6.71 %
5.90 %
Adjusted return on tangible common equity
14.60 %
14.14 %
13.91 %
11.78 %
10.37 %
Adjusted efficiency ratio (2)
54.56 %
55.20 %
56.16 %
58.92 %
60.90 %
END OF PERIOD
Book value per share
$ 23.18
$ 24.11
$ 23.70
$ 23.62
$ 23.18
Tangible book value per share
13.52
14.42
14.03
13.91
13.45
Shares outstanding
144,517,233
144,442,482
145,058,331
144,762,817
144,703,075
Full-time equivalent employees
2,712
2,909
2,913
2,917
2,883
Total number of financial centers
220
220
221
222
223
(1) Non-GAAP measurement that management believes aids in the understanding and discussion of results. Reconciliations to GAAP are included in the schedules accompanying this release.
(2) Efficiency ratio is noninterest expense as a percent of net interest income (fully taxable equivalent) and noninterest revenues. Adjusted efficiency ratio is noninterest expense before foreclosed property expense, amortization of intangibles and certain adjusting items as a percent of net interest income (fully taxable equivalent) and noninterest revenues, excluding gains and losses from securities transactions and certain adjusting items, and is a non-GAAP measurement.
Simmons First National Corporation
SFNC
Reconciliation Of Non-GAAP Financial Measures - Adjusted Earnings - Quarter-to-Date
For the Quarters Ended
Sep 30
Jun 30
Mar 31
Dec 31
Sep 30
(Unaudited)
2026
2026
2026
2025
2025
(in thousands, except per share data)
QUARTER-TO-DATE
Net income (loss)
$ 47,113
$ 66,691
$ 68,544
$ 78,078
$ (562,792)
Certain items (non-GAAP)
Loss on early extinguishment of debt
-
-
-
-
570
FDIC Deposit Insurance special assessment
-
-
(1,984)
-
-
Certain professional services
17,069
-
1,200
-
-
Severance/early retirement program costs
5,997
1,320
283
-
305
Termination of vendor and software services
-
-
-
12
-
Loss on sale of Equipment Finance business
-
-
-
1,118
-
Loss (gain) on sale of securities
-
-
-
-
801,492
Branch/real estate rightsizing costs, net
14,186
6,099
531
85
2,004
Accelerated prepaid expenses
5,889
-
-
-
-
Tax effect of certain items (1)
(11,274)
(1,939)
(8)
(318)
(176,649)
Certain items, net of tax
31,867
5,480
22
897
627,722
Adjusted earnings (non-GAAP) (2)
$ 78,980
$ 72,171
$ 68,566
$ 78,975
$ 64,930
Diluted earnings per share
$ 0.32
$ 0.46
$ 0.47
$ 0.54
$ (4.00)
Certain items (non-GAAP)
Loss on early extinguishment of debt
-
-
-
-
-
FDIC Deposit Insurance special assessment
-
-
(0.01)
-
-
Certain professional services
0.12
-
0.01
-
-
Severance/early retirement program costs
0.04
0.01
-
-
-
Termination of vendor and software services
-
-
-
-
-
Loss on sale of Equipment Finance business
-
-
-
0.01
-
Loss (gain) on sale of securities
-
-
-
-
5.70
Branch/real estate rightsizing costs, net
0.10
0.04
-
-
0.01
Accelerated prepaid expenses
0.04
-
-
-
-
Tax effect of certain items (1)
(0.08)
(0.01)
-
(0.01)
(1.25)
Certain items, net of tax
0.22
0.04
-
-
4.46
Adjusted diluted earnings per share (non-GAAP)
$ 0.54
$ 0.50
$ 0.47
$ 0.54
$ 0.46
(1) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items.
(2) In this press release, "Adjusted Earnings" may also be referred to as "Adjusted Net Income."
Reconciliation of Certain Noninterest Income and Expense Items (non-GAAP)
Adjusted salaries and employee benefits (non-GAAP)
$ 222,012
$ 149,876
$ 75,602
$ 295,960
$ 223,036
Other operating expenses
$ 173,206
$ 91,087
$ 44,537
$ 176,184
$ 131,354
Certain other operating expenses items
Certain professional services
(18,269)
(1,200)
(1,200)
-
-
Termination of vendor and software services
-
-
-
(12)
-
Loss on sale of Equipment Finance business
-
-
-
(1,118)
-
Accelerated prepaid expenses
(5,889)
-
-
-
-
Branch/real estate rightsizing costs
(22,667)
(2,604)
(205)
(1,135)
(1,462)
Adjusted other operating expenses (non-GAAP)
$ 132,270
$ 87,283
$ 43,132
$ 173,919
$ 129,892
Simmons First National Corporation
SFNC
Reconciliation Of Non-GAAP Financial Measures - End of Period
For the Quarters Ended
Sep 30
Jun 30
Mar 31
Dec 31
Sep 30
(Unaudited)
2026
2026
2026
2025
2025
($ in thousands, except per share data)
Calculation of Tangible Common Equity and the Ratio of Tangible Common Equity to Tangible Assets
Total common stockholders' equity
$ 3,349,804
$ 3,481,859
$ 3,437,734
$ 3,419,240
$ 3,353,963
Intangible assets:
Goodwill
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
Other intangible assets
(75,132)
(78,228)
(81,325)
(84,423)
(87,520)
Total intangibles
(1,395,931)
(1,399,027)
(1,402,124)
(1,405,222)
(1,408,319)
Tangible common stockholders' equity
$ 1,953,873
$ 2,082,832
$ 2,035,610
$ 2,014,018
$ 1,945,644
Total assets
$ 24,074,481
$ 24,776,816
$ 24,692,783
$ 24,540,877
$ 24,208,162
Intangible assets:
Goodwill
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
Other intangible assets
(75,132)
(78,228)
(81,325)
(84,423)
(87,520)
Total intangibles
(1,395,931)
(1,399,027)
(1,402,124)
(1,405,222)
(1,408,319)
Tangible assets
$ 22,678,550
$ 23,377,789
$ 23,290,659
$ 23,135,655
$ 22,799,843
Ratio of common equity to assets
13.91 %
14.05 %
13.92 %
13.93 %
13.85 %
Ratio of tangible common equity to tangible assets
8.62 %
8.91 %
8.74 %
8.71 %
8.53 %
Calculation of Tangible Book Value per Share
Total common stockholders' equity
$ 3,349,804
$ 3,481,859
$ 3,437,734
$ 3,419,240
$ 3,353,963
Intangible assets:
Goodwill
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
Other intangible assets
(75,132)
(78,228)
(81,325)
(84,423)
(87,520)
Total intangibles
(1,395,931)
(1,399,027)
(1,402,124)
(1,405,222)
(1,408,319)
Tangible common stockholders' equity
$ 1,953,873
$ 2,082,832
$ 2,035,610
$ 2,014,018
$ 1,945,644
Shares of common stock outstanding
144,517,233
144,442,482
145,058,331
144,762,817
144,703,075
Book value per common share
$ 23.18
$ 24.11
$ 23.70
$ 23.62
$ 23.18
Tangible book value per common share
$ 13.52
$ 14.42
$ 14.03
$ 13.91
$ 13.45
Calculation of Coverage Ratio of Uninsured, Non-Collateralized Deposits
Uninsured deposits at Simmons Bank
$ 7,223,797
$ 7,213,361
$ 7,385,688
$ 9,640,677
$ 9,565,766
Less: Collateralized deposits (excluding portion that is FDIC insured)
2,148,607
2,385,340
2,509,728
2,363,327
2,169,362
Less: Intercompany eliminations
407,004
324,404
432,795
2,729,191
2,937,147
Total uninsured, non-collateralized deposits
$ 4,668,186
$ 4,503,617
$ 4,443,165
$ 4,548,159
$ 4,459,257
FHLB borrowing availability
$ 4,993,000
$ 5,412,000
$ 5,831,000
$ 5,999,000
$ 6,134,000
Unpledged securities
1,091,000
1,488,000
1,571,000
1,480,000
1,575,000
Fed funds lines, Fed discount window and
Bank Term Funding Program (1)
1,863,000
1,953,000
1,595,000
1,836,000
1,824,000
Additional liquidity sources
$ 7,947,000
$ 8,853,000
$ 8,997,000
$ 9,315,000
$ 9,533,000
Uninsured, non-collateralized deposit coverage ratio
1.7
2.0
2.0
2.0
2.1
(1) The Bank Term Funding Program closed for new loans on March 11, 2024. At no time did Simmons borrow funds under this program.
Simmons First National Corporation
SFNC
Reconciliation Of Non-GAAP Financial Measures - Quarter-to-Date
For the Quarters Ended
Sep 30
Jun 30
Mar 31
Dec 31
Sep 30
(Unaudited)
2026
2026
2026
2025
2025
($ in thousands)
Calculation of Adjusted Return on Average Assets & Average Tangible Assets
Net income (loss)
$ 47,113
$ 66,691
$ 68,544
$ 78,078
$ (562,792)
Amortization of intangibles, net of taxes
2,289
2,287
2,288
2,288
2,287
Total adjusted tangible net income (non-GAAP)
$ 49,402
$ 68,978
$ 70,832
$ 80,366
$ (560,505)
Certain items (non-GAAP)
Loss on early extinguishment of debt
-
-
-
-
570
FDIC Deposit Insurance special assessment
-
-
(1,984)
-
-
Certain professional services
17,069
-
1,200
-
-
Severance/early retirement program costs
5,997
1,320
283
-
305
Termination of vendor and software services
-
-
-
12
-
Loss on sale of Equipment Finance business
-
-
-
1,118
-
Loss (gain) on sale of securities
-
-
-
-
801,492
Branch/real estate rightsizing costs, net
14,186
6,099
531
85
2,004
Accelerated prepaid expenses
5,889
-
-
-
-
Tax effect of certain items (1)
(11,274)
(1,939)
(8)
(318)
(176,649)
Adjusted earnings (non-GAAP)
78,980
72,171
68,566
78,975
64,930
Amortization of intangibles, net of taxes
2,289
2,287
2,288
2,288
2,287
Total adjusted tangible net income (non-GAAP)
$ 81,269
$ 74,458
$ 70,854
$ 81,263
$ 67,217
Average total assets
$ 24,332,226
$ 24,638,021
$ 24,533,005
$ 24,254,447
$ 24,914,922
Average intangible assets:
Goodwill
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
Other intangibles
(77,005)
(80,123)
(83,248)
(86,206)
(89,349)
Total average intangibles
(1,397,804)
(1,400,922)
(1,404,047)
(1,407,005)
(1,410,148)
Average tangible assets (non-GAAP)
$ 22,934,422
$ 23,237,099
$ 23,128,958
$ 22,847,442
$ 23,504,774
Return on average assets
0.77 %
1.09 %
1.13 %
1.28 %
-8.96 %
Adjusted return on average assets (non-GAAP)
1.29 %
1.17 %
1.13 %
1.29 %
1.03 %
Return on average tangible assets (non-GAAP)
0.85 %
1.19 %
1.24 %
1.40 %
-9.46 %
Adjusted return on average tangible assets (non-GAAP)
1.41 %
1.29 %
1.24 %
1.41 %
1.13 %
Calculation of Return on Tangible Common Equity
Net income (loss) available to common stockholders
$ 47,113
$ 66,691
$ 68,544
$ 78,078
$ (562,792)
Amortization of intangibles, net of taxes
2,289
2,287
2,288
2,288
2,287
Total income available to common stockholders
$ 49,402
$ 68,978
$ 70,832
$ 80,366
$ (560,505)
Certain items (non-GAAP)
Loss on early extinguishment of debt
-
-
-
-
570
FDIC Deposit Insurance special assessment
-
-
(1,984)
-
-
Certain professional services
17,069
-
1,200
-
-
Severance/early retirement program costs
5,997
1,320
283
-
305
Termination of vendor and software services
-
-
-
12
-
Loss on sale of Equipment Finance business
-
-
-
1,118
-
Loss (gain) on sale of securities
-
-
-
-
801,492
Branch/real estate rightsizing costs, net
14,186
6,099
531
85
2,004
Accelerated prepaid expenses
5,889
-
-
-
-
Tax effect of certain items (1)
(11,274)
(1,939)
(8)
(318)
(176,649)
Adjusted earnings (non-GAAP)
78,980
72,171
68,566
78,975
64,930
Amortization of intangibles, net of taxes
2,289
2,287
2,288
2,288
2,287
Total adjusted earnings available to common stockholders (non-GAAP)
$ 81,269
$ 74,458
$ 70,854
$ 81,263
$ 67,217
Average common stockholders' equity
$ 3,478,190
$ 3,478,531
$ 3,470,260
$ 3,410,017
$ 3,368,308
Average intangible assets:
Goodwill
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
Other intangibles
(77,005)
(80,123)
(83,248)
(86,206)
(89,349)
Total average intangibles
(1,397,804)
(1,400,922)
(1,404,047)
(1,407,005)
(1,410,148)
Average tangible common stockholders' equity (non-GAAP)
$ 2,080,386
$ 2,077,609
$ 2,066,213
$ 2,003,012
$ 1,958,160
Return on average common equity
5.37 %
7.69 %
8.01 %
9.08 %
-66.29 %
Return on tangible common equity
9.42 %
13.32 %
13.90 %
15.92 %
-113.56 %
Adjusted return on average common equity (non-GAAP)
9.01 %
8.32 %
8.01 %
9.19 %
7.65 %
Adjusted return on tangible common equity (non-GAAP)
15.50 %
14.37 %
13.91 %
16.10 %
13.62 %
Simmons First National Corporation
SFNC
Reconciliation Of Non-GAAP Financial Measures - Quarter-to-Date (continued)
For the Quarters Ended
Sep 30
Jun 30
Mar 31
Dec 31
Sep 30
(Unaudited)
2026
2026
2026
2025
2025
($ in thousands)
Calculation of Efficiency Ratio and Adjusted Efficiency Ratio (1)
Noninterest expense (efficiency ratio numerator)
$ 182,035
$ 147,739
$ 140,673
$ 139,862
$ 142,032
Certain noninterest expense items (non-GAAP)
Severance/early retirement program costs
(5,997)
(1,320)
(283)
-
(305)
FDIC Deposit Insurance special assessment
-
-
1,984
-
-
Certain professional services
(17,069)
-
(1,200)
-
-
Termination of vendor and software services
-
-
-
(12)
-
Loss on sale of Equipment Finance business
-
-
-
(1,118)
-
Accelerated prepaid expenses
(5,889)
-
-
-
-
Branch/real estate rightsizing costs
(14,186)
(6,099)
(531)
(85)
(2,004)
Other real estate and foreclosure expense adjustment
(230)
(695)
(315)
(432)
(200)
Amortization of intangibles adjustment
(3,098)
(3,097)
(3,097)
(3,097)
(3,097)
Adjusted efficiency ratio numerator
$ 135,566
$ 136,528
$ 137,231
$ 135,118
$ 136,426
Net interest income
$ 203,976
$ 200,627
$ 197,168
$ 197,296
$ 186,661
Noninterest income
47,191
47,939
44,197
51,708
(756,187)
Fully tax-equivalent adjustment (2)
3,116
3,029
3,012
2,890
3,811
Efficiency ratio denominator
254,283
251,595
244,377
251,894
(565,715)
Certain noninterest income items (non-GAAP)
Loss on early extinguishment of debt
-
-
-
-
570
(Gain) loss on sale of securities
-
-
-
-
801,492
Adjusted efficiency ratio denominator
$ 254,283
$ 251,595
$ 244,377
$ 251,894
$ 236,347
Efficiency ratio (1)
71.59 %
58.72 %
57.56 %
55.52 %
-25.11 %
Adjusted efficiency ratio (non-GAAP) (1)
53.31 %
54.26 %
56.16 %
53.64 %
57.72 %
Calculation of Total Revenue and Adjusted Total Revenue
Net interest income
$ 203,976
$ 200,627
$ 197,168
$ 197,296
$ 186,661
Noninterest income
47,191
47,939
44,197
51,708
(756,187)
Total revenue
251,167
248,566
241,365
249,004
(569,526)
Certain items, pre-tax (non-GAAP)
Plus: Loss on early extinguishment of debt
-
-
-
-
570
Less: Gain (loss) on sale of securities
-
-
-
-
(801,492)
Adjusted total revenue
$ 251,167
$ 248,566
$ 241,365
$ 249,004
$ 232,536
Calculation of Pre-Provision Net Revenue (PPNR)
Net interest income
$ 203,976
$ 200,627
$ 197,168
$ 197,296
$ 186,661
Noninterest income
47,191
47,939
44,197
51,708
(756,187)
Total revenue
251,167
248,566
241,365
249,004
(569,526)
Less: Noninterest expense
182,035
147,739
140,673
139,862
142,032
Pre-Provision Net Revenue (PPNR)
$ 69,132
$ 100,827
$ 100,692
$ 109,142
$ (711,558)
Calculation of Adjusted Pre-Provision Net Revenue
Pre-Provision Net Revenue (PPNR)
$ 69,132
$ 100,827
$ 100,692
$ 109,142
$ (711,558)
Certain items, pre-tax (non-GAAP)
Plus: Loss on early extinguishment of debt
-
-
-
-
570
Plus: Loss (gain) on sale of securities
-
-
-
-
801,492
Plus: FDIC Deposit Insurance special assessment
-
-
(1,984)
-
-
Plus: Certain professional services
17,069
-
1,200
-
-
Plus: Severance/early retirement program costs
5,997
1,320
283
-
305
Plus: Termination of vendor and software services
-
-
-
12
-
Plus: Loss on sale of Equipment Finance business
-
-
-
1,118
-
Plus: Branch/real estate rightsizing costs, net
14,186
6,099
531
85
2,004
Plus: Accelerated prepaid expenses
5,889
-
-
-
-
Adjusted Pre-Provision Net Revenue
$ 112,273
$ 108,246
$ 100,722
$ 110,357
$ 92,813
(1) Efficiency ratio is noninterest expense as a percent of net interest income (fully taxable equivalent} and noninterest revenues. Adjusted efficiency ratio is noninterest expense before foreclosed property expense, amortization of intangibles and certain adjusting items as a percent of net interest income (fully taxable equivalent) and noninterest revenues, excluding gains and losses from securities transactions and certain adjusting items, and is a non-GAAP measurement.
(2) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items.
Simmons First National Corporation
SFNC
Reconciliation Of Non-GAAP Financial Measures - Year-to-Date
For the Quarters Ended
Sep 30
Jun 30
Mar 31
Dec 31
Sep 30
(Unaudited)
2026
2026
2026
2025
2025
($ in thousands)
Calculation of Adjusted Return on Average Assets & Average Tangible Assets
Net income (loss)
$ 182,348
$ 135,235
$ 68,544
$ (397,553)
$ (475,631)
Amortization of intangibles, net of taxes
6,864
4,575
2,288
9,469
7,181
Total adjusted tangible net income (non-GAAP)
$ 189,212
$ 139,810
$ 70,832
$ (388,084)
$ (468,450)
Certain items (non-GAAP)
Loss on early extinguishment of debt
-
-
-
570
570
FDIC Deposit Insurance special assessment
(1,984)
(1,984)
(1,984)
-
-
Certain professional services
18,269
1,200
1,200
-
-
Severance/early retirement program costs
7,600
1,603
283
1,899
1,899
Termination of vendor and software services
-
-
-
12
-
Loss on sale of Equipment Finance business
-
-
-
1,118
-
Loss (gain) on sale of securities
-
-
-
801,492
801,492
Branch/real estate rightsizing costs, net
20,816
6,630
531
3,246
3,161
Accelerated prepaid expenses
5,889
-
-
-
-
Tax effect of certain items (1)
(13,221)
(1,947)
(8)
(177,686)
(177,368)
Adjusted earnings (non-GAAP)
219,717
140,737
68,566
233,098
154,123
Amortization of intangibles, net of taxes
6,864
4,575
2,288
9,469
7,181
Total adjusted tangible net income (non-GAAP)
$ 226,581
$ 145,312
$ 70,854
$ 242,567
$ 161,304
Average total assets
$ 24,500,349
$ 24,585,803
$ 24,533,005
$ 25,614,700
$ 26,073,100
Average intangible assets:
Goodwill
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
Other intangibles
(80,102)
(81,677)
(83,248)
(90,913)
(92,499)
Total average intangibles
(1,400,901)
(1,402,476)
(1,404,047)
(1,411,712)
(1,413,298)
Average tangible assets (non-GAAP)
$ 23,099,448
$ 23,183,327
$ 23,128,958
$ 24,202,988
$ 24,659,802
Return on average assets
1.00 %
1.11 %
1.13 %
-1.55 %
-2.44 %
Adjusted return on average assets (non-GAAP)
1.20 %
1.15 %
1.13 %
0.91 %
0.79 %
Return on average tangible assets (non-GAAP)
1.10 %
1.22 %
1.24 %
-1.60 %
-2.54 %
Adjusted return on average tangible assets (non-GAAP)
1.31 %
1.26 %
1.24 %
1.00 %
0.87 %
Calculation of Return on Tangible Common Equity
Net income (loss) available to common stockholders
$ 182,348
$ 135,235
$ 68,544
$ (397,553)
$ (475,631)
Amortization of intangibles, net of taxes
6,864
4,575
2,288
9,469
7,181
Total income available to common stockholders
$ 189,212
$ 139,810
$ 70,832
$ (388,084)
$ (468,450)
Certain items (non-GAAP)
Loss on early extinguishment of debt
-
-
-
570
570
FDIC Deposit Insurance special assessment
(1,984)
(1,984)
(1,984)
-
-
Certain professional services
18,269
1,200
1,200
-
-
Severance/early retirement program costs
7,600
1,603
283
1,899
1,899
Termination of vendor and software services
-
-
-
12
-
Loss on sale of Equipment Finance business
-
-
-
1,118
-
Loss (gain) on sale of securities
-
-
-
801,492
801,492
Branch/real estate rightsizing costs, net
20,816
6,630
531
3,246
3,161
Accelerated prepaid expenses
5,889
-
-
-
-
Tax effect of certain items (1)
(13,221)
(1,947)
(8)
(177,686)
(177,368)
Adjusted earnings (non-GAAP)
219,717
140,737
68,566
233,098
154,123
Amortization of intangibles, net of taxes
6,864
4,575
2,288
9,469
7,181
Total adjusted earnings available to common stockholders (non-GAAP)
$ 226,581
$ 145,312
$ 70,854
$ 242,567
$ 161,304
Average common stockholders' equity
$ 3,475,690
$ 3,474,419
$ 3,470,260
$ 3,471,531
$ 3,492,261
Average intangible assets:
Goodwill
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
(1,320,799)
Other intangibles
(80,102)
(81,677)
(83,248)
(90,913)
(92,499)
Total average intangibles
(1,400,901)
(1,402,476)
(1,404,047)
(1,411,712)
(1,413,298)
Average tangible common stockholders' equity (non-GAAP)
$ 2,074,789
$ 2,071,943
$ 2,066,213
$ 2,059,819
$ 2,078,963
Return on average common equity
7.01 %
7.85 %
8.01 %
-11.45 %
-18.21 %
Return on tangible common equity
12.19 %
13.61 %
13.90 %
-18.84 %
-30.13 %
Adjusted return on average common equity (non-GAAP)
8.45 %
8.17 %
8.01 %
6.71 %
5.90 %
Adjusted return on tangible common equity (non-GAAP)
14.60 %
14.14 %
13.91 %
11.78 %
10.37 %
(1) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items.
Simmons First National Corporation
SFNC
Reconciliation Of Non-GAAP Financial Measures - Year-to-Date (continued)
For the Quarters Ended
Sep 30
Jun 30
Mar 31
Dec 31
Sep 30
(Unaudited)
2026
2026
2026
2025
2025
($ in thousands)
Calculation of Efficiency Ratio and Adjusted Efficiency Ratio (1)
Noninterest expense (efficiency ratio numerator)
$ 470,447
$ 288,412
$ 140,673
$ 565,063
$ 425,201
Certain noninterest expense items (non-GAAP)
Severance/early retirement program costs
(7,600)
(1,603)
(283)
(1,899)
(1,899)
FDIC Deposit Insurance special assessment
1,984
1,984
1,984
-
-
Certain professional services
(18,269)
(1,200)
(1,200)
-
-
Termination of vendor and software services
-
-
-
(12)
-
Loss on sale of Equipment Finance business
-
-
-
(1,118)
-
Accelerated prepaid expenses
(5,889)
-
-
-
-
Branch/real estate rightsizing costs
(20,816)
(6,630)
(531)
(3,246)
(3,161)
Other real estate and foreclosure expense adjustment
(1,233)
(1,003)
(308)
(1,046)
(614)
Amortization of intangibles adjustment
(9,292)
(6,194)
(3,097)
(12,819)
(9,722)
Adjusted efficiency ratio numerator
$ 409,332
$ 273,766
$ 137,238
$ 544,923
$ 409,805
Net interest income
$ 601,771
$ 397,795
$ 197,168
$ 719,203
$ 521,907
Noninterest income
139,327
92,136
44,197
(615,970)
(667,678)
Fully tax-equivalent adjustment (2)
9,157
6,041
3,012
19,537
16,647
Efficiency ratio denominator
750,255
495,972
244,377
122,770
(129,124)
Certain noninterest income items (non-GAAP)
Loss on early extinguishment of debt
-
-
-
570
570
(Gain) loss on sale of securities
-
-
-
801,492
801,492
Adjusted efficiency ratio denominator
$ 750,255
$ 495,972
$ 244,377
$ 924,832
$ 672,938
Efficiency ratio (1)
62.70 %
58.15 %
57.56 %
460.26 %
-329.30 %
Adjusted efficiency ratio (non-GAAP) (1)
54.56 %
55.20 %
56.16 %
58.92 %
60.90 %
(1) Efficiency ratio is noninterest expense as a percent of net interest income (fully taxable equivalent) and noninterest revenues. Adjusted efficiency ratio is noninterest expense before foreclosed property expense, amortization of intangibles and certain adjusting items as a percent of net interest income (fully taxable equivalent) and noninterest revenues, excluding gains and losses from securities transactions and certain adjusting items, and is a non-GAAP measurement.
(2) Actual tax rate of 21.946% on 2025 loss on sale of securities. Effective rate of 26.135% on all other items.
Proofpoint koupí Varonis za zhruba 6,3 miliardy USD v hotovosti; akcionáři společnosti Varonis obdrží 49,75 USD za akcii. Dokončení transakce se očekává v první polovině roku 2027.
Combination creates a new cybersecurity powerhouse to deliver a complete security platform that protects against AI-accelerated threats and data risks
| Source:
Proofpoint, Inc.
MIAMI and SUNNYVALE, Calif., Oct. 15, 2026 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS) (“Varonis”), the data and AI security leader, and Proofpoint, Inc. (“Proofpoint”), a global leader in human and agent cybersecurity, today announced entrance into a definitive agreement under which Varonis will be acquired by Proofpoint, a portfolio company of Thoma Bravo, in an all-cash transaction valued at approximately $6.3 billion.
Under the terms of the agreement, Varonis shareholders will receive $49.75 per share in cash. This purchase price represents a premium of 52% to Varonis’ closing stock price of $32.71 on June 22, 2026, the last full trading day prior to initial rumors about a potential sale of the Company, and a premium of 17% over Varonis’ closing stock price of $42.35 on September 1, 2026, the last full trading day prior to additional media reports speculating about a potential sale of Varonis. The transaction values Varonis at approximately 53x LTM Free Cash Flow and 8.4x LTM Revenue.1
The combined company will serve more than 16,000 enterprises and millions of organizations globally, creating one of the world’s leading pure-play cybersecurity companies and establishing the industry's largest data and AI cybersecurity organization. Together, the combined company intends to deliver a unified platform that helps organizations adopt AI with confidence: finding and protecting sensitive data, controlling what people and AI can access, and stopping data loss. Following closing, Proofpoint intends to move quickly to integrate the companies’ capabilities, align go-to-market efforts, and accelerate delivery of the combined platform to customers.
“Today begins an exciting new chapter for Varonis and our customers. It’s a testament to the incredible work of the Varonis team over two decades,” said Yaki Faitelson, Varonis CEO, Co-Founder and Chairman of the Board of Directors. “Our mission is to secure AI and the data that powers it. By joining forces with Proofpoint, we can achieve this mission faster than ever.”
Faitelson continued, “This announcement follows a comprehensive evaluation led by a committee of independent members of our Board of Directors, which included extensive outreach to a range of potential strategic and financial buyers. This transaction is an excellent outcome for the company and our shareholders, representing a realization of immediate, significant, and certain value well in excess of the risk-adjusted value of delivering against our standalone plan.”
“As AI becomes embedded across the enterprise, the data it can access determines both its value and its risk. AI agents are increasingly accessing sensitive information and taking action across systems, making it critical for organizations to understand not only what data needs protecting and who can access it, but how it is actually being used,” said Sumit Dhawan, CEO of Proofpoint. “By connecting communications, identities, permissions, data, and AI, we are creating an intelligence advantage that helps customers see risk more clearly, respond faster, and defend against the next generation of AI risks. This is a defining step in Proofpoint’s evolution into a cybersecurity platform built for the future of AI.”
Transaction Details
The transaction, which has been unanimously approved by the Varonis Board of Directors, is expected to close in the first half of 2027, subject to customary closing conditions, including approval by Varonis shareholders and receipt of regulatory approvals. Thoma Bravo is providing committed equity financing, and has secured debt financing commitments, to fund the purchase. Ontario Teachers’ Pension Plan has also agreed to make an investment into Proofpoint in connection with the transaction. Until the transaction closes, Proofpoint and Varonis will continue to operate as separate and independent companies. Upon completion of the transaction, Varonis' common stock will cease trading on the Nasdaq, and Varonis will become a private company.
Third Quarter 2026 Financial Results
Varonis will announce its financial results for the third quarter 2026 following the close of the U.S. financial markets on November 3. The news release will be available on the Investor Relations section of the company’s website. In light of the announced transaction, Varonis will not conduct an earnings conference call.
Advisors
Goldman Sachs & Co. LLC is acting as exclusive financial advisor and Paul Hastings LLP is serving as legal counsel to Varonis.
BofA Securities, Inc., Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, UBS Securities LLC, and Mizuho Securities USA LLC are serving as financial advisors, and Kirkland & Ellis LLP is serving as legal counsel to Proofpoint.
About Varonis
Varonis (Nasdaq: VRNS) secures AI and the data that powers it. The Varonis platform gives organizations automated visibility and control over their critical data wherever it lives and helps ensure safe and trustworthy AI from code to runtime. Backed by 24x7x365 managed detection and response, Varonis gives thousands of organizations worldwide the confidence to adopt AI, reduce data exposure, and stop AI-powered threats.
About Proofpoint, Inc.
Proofpoint, Inc. is a global leader in human and agent cybersecurity, securing how people, data and AI agents connect across email, cloud and collaboration tools. Proofpoint is a trusted partner to over 80 of the Fortune 100, over 14,000 large enterprises, and millions of smaller organizations in stopping threats, preventing data loss, and building resilience across people and AI workflows. Proofpoint’s collaboration, data, and AI security platform helps organizations of all sizes protect their people, defend their data, and adopt AI securely and confidently. Learn more at www.proofpoint.com.
Connect with Proofpoint on LinkedIn
Proofpoint is a registered trademark or tradename of Proofpoint, Inc. in the U.S. and/or other countries. All other trademarks contained herein are the property of their respective owners.
Forward-Looking Statements
This communication contains not only historical information, but also forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent Varonis Systems, Inc.’s (the “Company”) expectations or beliefs concerning future events, including the timing of the proposed transactions contemplated by the Agreement and Plan of Merger, dated October 15, 2026 (the “Merger Agreement”), by and among the Company, Proofpoint, Inc. (“Parent”) and Vail Merger Sub, Inc. (“Merger Sub”) and other information relating to the proposed transactions contemplated by the Merger Agreement (the “Transaction”). Forward-looking statements include information concerning possible or assumed future results of operations of the Company, the expected completion and timing of the proposed Transaction and other information relating to the proposed Transaction. Without limiting the foregoing, the words “believes,” “anticipates,” “plans,” “expects,” “intends,” “forecasts,” “should,” “estimates,” “contemplate,” “future,” “goal,” “potential,” “predict,” “project,” “projection,” “may,” “will,” “could,” “would,” “assuming” and similar expressions are intended to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the Company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond the Company’s control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in the forward-looking statements: (i) the risk that the Transaction may not be completed in a timely manner or at all, which may adversely affect the Company’s business and the price of the common stock of the Company, (ii) the failure to satisfy the conditions to the consummation of the Transaction, including the adoption of the Merger Agreement by the stockholders of the Company and the receipt of regulatory approvals from various governmental entities (including any conditions, limitations or restrictions placed on these approvals) and the risk that one or more governmental entities may deny approval, (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (iv) the risk that the Merger Agreement may be terminated in circumstances that require the Company to pay a termination fee; (v) the effect of the announcement or pendency of the Transaction on the Company’s business relationships, operating results and business generally, including the Company’s ability to attract, integrate, develop, manage, retain and motivate qualified employees and senior leaders as a result of such effects, (vi) risks that the proposed Transaction disrupts current plans and operations, (vii) risks related to diverting management’s attention from the Company’s ongoing business operations, (viii) the outcome of any legal proceedings that may be instituted against the Company related to the Merger Agreement or the Transaction, (ix) unexpected costs, charges or expenses resulting from the proposed Transaction, (x) the ability to obtain the necessary financing arrangements set forth in the commitment letters received in connection with the proposed Transaction; (xi) the impact of adverse macroeconomic or labor market conditions, including the impacts of inflation and effects of geopolitical instability, (xii) risks caused by delays in upturns or downturns being reflected in the Company’s financial position and results of operations, (xiii) uncertainty as to timing of completion of the proposed Transaction, and (xiv) other factors described under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, the Company’s subsequent Quarterly Reports on Form 10-Q, and in other reports and filings with the SEC. Forward-looking statements speak only as of the date of this communication or the date of any document incorporated by reference in this document. The Company cautions you that the important factors referenced above may not contain all of the factors that are important to you. In addition, the Company cannot assure you that the Company will realize the results or developments expected or anticipated or, even if substantially realized, that they will result in the consequences or affect the Company or the Company’s operations in the way the Company expects. The forward-looking statements included in this communication are made only as of the date hereof. Except as required by applicable law or regulation, the Company does not undertake to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Non-GAAP Financial Measures
This press release includes LTM Free Cash Flow, a non-GAAP measure, which is calculated as net cash provided by operating activities less purchases of property and equipment and capitalized internal-use software, and is presented for the 12 months ended June 30, 2026. Please refer to “Reconciliation of GAAP Measures to non-GAAP Measures” set forth in Varonis’ earnings releases furnished to the SEC on Form 8-K for reconciliations of free cash flow to net cash provided by operating activities for the 12 months ended December 31, 2025 and the six months ended June 30, 2026.
Additional Information About the Acquisition and Where to Find It
This communication is being made in respect of the proposed Transaction involving the Company, Parent, and Merger Sub. The Company expects to seek and intends to file with the SEC a proxy statement and other relevant documents in connection with a special meeting of the Company’s stockholders for purposes of obtaining stockholder approval of the proposed Transaction. The Company may also file other relevant documents with the SEC regarding the proposed Transaction. This communication is not a substitute for the proxy statement or any other document that the Company may file with the SEC. The definitive proxy statement (when available) will be sent or given to the stockholders of the Company and will contain important information about the proposed Transaction and related matters. INVESTORS AND STOCKHOLDERS OF THE COMPANY ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC BY THE COMPANY, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY AND THE PROPOSED TRANSACTION. Investors will be able to obtain a free copy of the proxy statement and other documents containing important information about the Company and the proposed Transaction, once such documents are filed by the Company with the SEC at the SEC’s website at www.sec.gov or from the Company at its website at https://ir.varonis.com.
Participants in the Solicitation
The Company, and certain of its directors and executive officers, may be deemed to be participants in the solicitation of proxies in connection with the proposed Transaction. Information about the Company’s directors and executive officers is set forth in (i) the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, including under the headings “Item 10. Directors, Executive Officers and Corporate Governance”, “Item 11. Executive Compensation”, “Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters” and “Item 13. Certain Relationships and Related Transactions, and Director Independence”, which was filed with the SEC on February 4, 2026, (ii) the Company’s Definitive Proxy Statement for its 2026 annual meeting of stockholders, which was filed with the SEC on April 17, 2026, under the headings “Information Regarding the Board of Directors and Corporate Governance”, “Director Compensation”, “Executive Officers”, “Compensation Discussion and Analysis”, “Executive Compensation”, “Security Ownership of Certain Beneficial Owners and Management”, and “Transactions with Related Persons”, (iii) in the supplemental information regarding the participants’ holdings of Company securities that can be found in SEC filings on Statements of Change in Ownership on Form 4 filed with the SEC on June 2, 2026 (available here) for Dov Gottlieb; on May 22, 2026 (available here) for Guy Melamed; on May 1, 2026 (available here) for Carlos Aued; on May 1, 2026 (available here) for Kevin Comolli; on May 1, 2026 (available here) for John J. Gavin, Jr.; on May 1, 2026 (available here) for Gili Iohan; on May 1, 2026 (available here) for Avrohom J. Kess; on May 1, 2026 (available here) for Ohad Korkus; on May 1, 2026 (available here) for Thomas Mendoza; on May 1, 2026 (available here) for Rachel Prishkolnik; on May 1, 2026 (available here) for Ofer Segev; and on May 1, 2026 (available here) for Fred van den Bosch, (iv) the Company’s Current Reports on Form 8-K, which were filed on April 28, 2026, June 2, 2026 and July 28, 2026, (v) the Company’s Quarterly Reports on Form 10-Q which were filed on April 29, 2026 and July 29, 2026, and (vi) in subsequently filed Statements of Change in Ownership on Form 4, Current Reports on Form 8-K and Quarterly Reports on Form 10-Q. Other information regarding the participants in the solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be set forth in the Company’s definitive proxy statement and other relevant materials to be filed with the SEC regarding the proposed Transaction when such materials become available. Investors should read the proxy statement carefully when it becomes available. Copies of the documents filed with the SEC by the Company will be available free of charge through the website maintained by the SEC at sec.gov and the Company’s website at https://ir.varonis.com.
No Offer
No person has commenced soliciting proxies in connection with the proposed Transaction referenced in this communication, and this communication is neither an offer to purchase nor a solicitation of an offer to sell securities.
Contacts
For Varonis
Media
FGS Global
[email protected]
Investors
Tim Perz
+1 646.640.2112
[email protected]
Proxy Solicitor
Okapi Partners
Bruce Goldfarb
+1 212.297.0722
[email protected]
For Proofpoint, Inc.
Media
[email protected]
1 Transaction multiples are calculated as Enterprise Value / LTM Revenue and Market Capitalization / LTM Free Cash Flow as of June 30, 2026.
Key Takeaways ARM's annualized contract value climbed 13% year over year to $1.73 billion in fiscal Q1 2027.Licensing and other revenues grew 23%, driven by demand for next-generation chip architectures.Royalty revenues rose 22% to $715 million as higher-value processor designs gained adoption. Arm Holdings plc (ARM - Free Report) enters its fiscal second-quarter 2027 earnings season with encouraging momentum in its licensing business. The company's annualized contract value (ACV) reached $1.73 billion in the first quarter, increasing 13% year over year. This improvement reflects expanding customer commitments and growing demand for advanced semiconductor architectures, setting a favorable backdrop ahead of the upcoming earnings release.
ARM's Rising Contract Value Signals Growth PotentialArm Holdings' ACV increased from $1.53 billion in the year-ago quarter to $1.73 billion in the first quarter of fiscal 2027. The metric also improved sequentially from $1.66 billion in the fourth quarter of fiscal 2026.
This upward trajectory suggests sustained customer interest in Arm's intellectual property portfolio. Increasing adoption of advanced chip designs across artificial intelligence (AI), cloud computing and connected devices could support additional licensing opportunities in the fiscal second quarter.
Licensing Strength Sets the Stage for Q2Arm Holdings' licensing and other revenues increased 23% year over year to $574 million in the fiscal first quarter. Demand for next-generation architectures and agreements involving major technology customers supported this performance.
Meanwhile, royalty revenues climbed 22% to $715 million, benefiting from broader adoption of newer architectures and higher-value processor designs.
These favorable trends could provide a foundation for continued growth in the fiscal second quarter. However, the timing of large licensing agreements and variability in customer spending could influence near-term results.
Will ARM Maintain Its Momentum in Q2?Arm Holdings' 13% increase in ACV underscores the strength of its licensing business. With fiscal second-quarter results approaching, investors will be watching whether expanding customer commitments translate into stronger licensing revenues and sustained royalty growth.
Nevertheless, fluctuations in licensing agreements, customer concentration and elevated research and development expenses remain key concerns. The upcoming earnings release will provide greater clarity on whether Arm can maintain its growth momentum.
How Do Other Semiconductor Players Compare?Qualcomm (QCOM - Free Report) and NVIDIA (NVDA - Free Report) are two U.S.-listed semiconductor companies benefiting from expanding demand for advanced computing technologies. Qualcomm continues to diversify beyond smartphones through automotive, connected devices and AI-enabled applications. Qualcomm's automotive and Internet of Things businesses provide additional growth opportunities as demand for connected technologies expands.
NVIDIA remains a major beneficiary of accelerating AI infrastructure investments, supported by strong demand for advanced computing solutions. NVIDIA's expanding ecosystem and continued innovation strengthen its position in high-performance computing markets. Both Qualcomm and NVIDIA offer investors exposure to semiconductor innovation, although their business models differ significantly from Arm's licensing-focused approach.
ARM’s Price Performance, Valuation and EstimatesThe stock has surged a massive 110% year to date, significantly outperforming the industry’s 20% rally.
Image Source: Zacks Investment Research
From a valuation standpoint, ARM trades at a forward price-to-sales ratio of 34.99X, well above the industry’s 4.48X. It carries a Value Score of F.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for the company’s fiscal 2027 earnings has remained unchanged at $2.2 over the past 60 days.
ARM currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
For customers, the financial services industry in Latin America used to be slow, expensive, and frustrating. Nu Holdings (NU -1.34%) is fixing that. With 139 million total customers (as of June 30), it has become a digital banking powerhouse that offers a comprehensive suite of products and services.
Nu shares trade 17% off their peak (as of Oct. 13). But I predict that a $1,000 investment in this fintech stock right now will be worth $2,939 by 2030.
Image source: Getty Images.
Two drivers to pay attention to In the long run, a company's share price is most affected by its fundamentals. And no single metric matters as much as profits. Own businesses whose net income is set to be much higher in the future, and you stack the odds in your favor.
According to consensus analyst estimates, Nu's earnings per share (EPS) are projected to grow at a compound annual rate of 35% from 2025 through 2028. Let's take this forecast, which is obviously full of uncertainty, at face value.
Additionally, assume that in 2029, the company posts another 35% bottom-line gain. This means that in 2029, Nu will report EPS of $1.94.
Valuation expansion can potentially be another catalyst. Nu's stock currently trades at a price-to-earnings ratio of 18.6, which is very compelling. Comparatively, the S&P 500 (^GSPC +0.33%) carries a multiple of 23.6. If Nu continues to operate with strong momentum, it's not unrealistic to see its P/E ratio rise 27% to match the overall benchmark's.
Taking these two tailwinds together, $1,000 invested in this growth stock could be worth $2,939 by 2030. This translates to a superb 194% return.
$14.73-$0.20 (-1.34%)
NYSE · As of 4:00 PM ET 10/15/26
No guarantees Nu's impressive profit gains, coupled with the attractive starting valuation, support the bull case. It's hard for investors not to be optimistic. However, don't let the strong financial performance distract you from the risks. There is no sure thing in the stock market.
Nu's rapid growth could decelerate sooner than expected. It has a mature position in Brazil. And its newest market, the U.S., presents an extremely competitive landscape that makes it harder to expand quickly.
And as is the case with any bank, changing macroeconomic conditions, paired with credit risk, also open the possibility of financial trouble during recessionary periods. Investors can't ignore what an economic downturn would do to the company.
That being said, I believe Nu still looks like a high-caliber investment candidate for long-term investors. Buying about 64 shares at today's price of $15.58 is a good use of $1,000.
Shares of CoreWeave Inc. (Nasdaq: CRWV) have fallen more than 25% in the last week as concerns grow over the company’s debt and the success of the “neocloud” industry as a whole.
On Thursday, the cloud-computing company’s stock fell up to 7% during premarket as investors continued to fret about potential overspending on AI. The decline followed a drop of 15.46% during the previous trading day.
AI-adjacent companies across the globe are seeing similar losses, including semiconductor firms such as South Korea-based SK Hynix, whose U.S.-listed shares fell more than 6% during the day, and Sandisk, which dropped over 5% in premarket trading.
Markets dipped overall, with South Korea’s Kospi index falling more than 7% on Thursday and the Nasdaq-100 falling over 2% on Wednesday.
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Part of the concern comes from Gartner, a market research firm.
On Wednesday, Gartner predicted that over 80% of neocloud providers could close by 2030 as a result of cost pressure and “a lack of a differentiating business model.” It expects much of the neocloud market to consolidate over the next four years.
Gartner explained that, by the end of the decade, “over $3.5 trillion of AI infrastructure spending could be exposed to impairment.”
Advokátní kancelář Rosen Law Firm prověřuje možné nároky investorů vůči společnosti Build-A-Bear Workshop (NYSE: BBW) v souvislosti s obviněním, že společnost zveřejnila podstatně zavádějící informace.
WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Build-A-Bear Workshop, Inc. (NYSE: BBW) resulting from allegations that Build-A-Bear may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased Build-A-Bear 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/buildabear-workshop-inc-bbw/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: Rosen Law Firm is investigating potential civil securities claims.
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.
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SanDisk má s osmi zákazníky víceleté smlouvy, které garantují minimální očekávané tržby ve výši 93,9 mld. USD, a finanční záruky ve výši 16,5 mld. USD.
Sandisk Corp‘s (NASDAQ:SNDK) has secured at least $93.9 billion in expected revenue through multi-year contracts, with financial guarantees designed to protect it if customers fail to meet their commitments.
The storage-chip maker’s shares have come under pressure as investors reassess the durability of AI-related semiconductor demand and the possibility of increased competition from China.
On Oct. 13, U.S. chip stocks extended their decline after reports of technological progress by Chinese memory maker ChangXin Memory Technologies (CXMT) raised concerns about future competition. SanDisk fell alongside Micron, Seagate and Western Digital.
For SanDisk, Distinction Between Memory Markets Matters.The Milpitas, California-based company specializes in NAND flash storage for solid-state drives and other storage products, rather than DRAM, which sits at the center of much of the current high-bandwidth memory debate.
Chinese competition could still pressure NAND pricing and sentiment, but DRAM developments do not automatically translate into an equivalent competitive threat to SanDisk.
The broader concern is whether AI infrastructure spending can sustain elevated demand and pricing across the memory industry. SanDisk’s long-term customer agreements provide a way to assess how much of its business is insulated from that uncertainty.
Read Next
In its fiscal fourth-quarter earnings call, SanDisk disclosed that its new business model agreements carried a minimum expected revenue value of $93.9 billion, assuming contractual floor prices. The company had agreements with eight customers, with a weighted average duration exceeding four years and some contracts extending up to five years.
These agreements include committed purchase volumes and pricing structures with floors and ceilings. SanDisk also disclosed $16.5 billion in financial guarantees, including cash deposits and financial instruments designed to protect the company if customers fail to meet their obligations.
The commitments are substantial, but they do not equal the $93.9 billion in cash already received or the profit guaranteed. The figure represents minimum expected revenue over the life of the agreements, while the guarantees provide a separate layer of protection. SanDisk’s remaining performance obligations totaled $59.8 billion at quarter-end, rising to $91.1 billion when the company included agreements signed after the quarter closed.
The contracts also do not eliminate exposure to market prices. SanDisk continues to sell products outside these agreements, where pricing can fluctuate with supply and demand.
What’s NextSanDisk targets 80% non-GAAP gross margins and a 50% adjusted free-cash-flow margin in fiscal 2028-30. Achieving those goals will depend on sustaining NAND pricing power, customer demand and converting its $93.9 billion contract book into cash flow. The commitments offer revenue visibility but cannot eliminate memory-market cyclicality.
Tesla (TSLA -1.08%) says its Cybercab fleet in Austin, Texas, has grown eightfold in just 30 days, reaching more than 300 vehicles. And Dallas could be next.
On Oct. 10, Tesla announced the milestone on X through its official Robotaxi account. Shortly afterward, Ashok Elluswamy, the company's vice president of artificial intelligence software, indicated that Dallas would be the next city to receive Cybercab service.
For CEO Elon Musk, who has spent years promising that autonomous driving would transform Tesla's business, this is encouraging progress. But is Tesla finally turning its robotaxi ambitions into a scalable business?
Image source: Getty Images.
From dozens of vehicles to hundreds in one month Tesla began offering public Cybercab rides in Austin in September. Its purpose-built robotaxi has two seats and operates without a steering wheel or pedals.
According to Tesla, the fleet has expanded from fewer than 40 vehicles to more than 300 in approximately one month. Texas vehicle-registration data supports the expansion. As of Oct. 10, the state registered approximately 319 Cybercabs and 420 Model Y robotaxis. That's a significant increase in the number of vehicles available for deployment.
However, registration doesn't necessarily mean every vehicle is actively transporting paying passengers. Tesla hasn't disclosed how many Cybercabs operate simultaneously, how many rides they complete, or whether the service is profitable. And those numbers will ultimately determine whether the expansion translates into meaningful revenue.
Why Dallas could be the bigger test Expanding from one city to another would demonstrate that Tesla's autonomous-driving technology can operate beyond its initial Austin environment. Unlike traditional ride-hailing services, robotaxis don't require a paid driver behind the wheel. That could eventually reduce operating expenses and improve profit margins.
Tesla also manufactures its own vehicles and develops the software that controls them, which could give it an advantage as production increases. But the company does face established competition from Alphabet's (GOOGL +0.56%) (GOOG +0.33%) Waymo, which already operates a substantial autonomous ride-hailing business. Tesla will need to demonstrate comparable reliability as it expands its fleet and service areas.
Regulatory scrutiny presents another challenge. Federal safety officials are reviewing allegations involving Tesla robotaxis exceeding speed limits in school zones. Regulators are also examining the Cybercab's compliance with vehicle safety standards. Neither review establishes wrongdoing, but both could complicate expansion.
TSLA Tesla$363.20-$3.96 (-1.08%)
NASDAQ · As of 3:53 PM ET 10/15/26
Austin numbers suggest Tesla is making genuine progress. An eightfold increase in fleet size in one month is considerably more substantial than another demonstration or an ambitious production forecast. Still, scaling vehicles isn't the same as scaling profits. In other words, we really need to watch for growth in completed rides, customer demand, operating costs, and expansion into additional cities.
Dallas could provide the next meaningful milestone, although Tesla hasn't announced a launch date. But I remain optimistic about Tesla's long-term autonomous-driving potential. Its manufacturing capabilities and growing robotaxi fleet provide a foundation for a potentially lucrative transportation business. Bottom line: Tesla is beginning to demonstrate scale. Now it needs to demonstrate economics. And I suspect we'll start seeing some evidence of that in 2027.
KFC's U.S. restaurants will ditch PepsiCo and switch to Coca-Cola beverages next year, marking the first time in decades that the Yum Brands chain has changed its drink supplier, the restaurant company said Thursday.
Some of KFC's international markets serve Coke products, but the chain's U.S. restaurants have stuck with PepsiCo drinks ever since Pepsi bought KFC in 1986. At the time of the acquisition, KFC was Coke's second-largest fountain account, trailing only McDonald's. Pepsi later spun off KFC, along with sister chains Pizza Hut and Taco Bell — but even as the combined Yum Brands, the company stayed loyal to its previous owner. Without Pepsi, Taco Bell would not serve its iconic Mountain Dew Baja Blast.
The change comes as KFC aims to win back U.S. diners, who have ditched the fried chicken chain for rivals like Chick-fil-A or Popeyes.
"This decision is a critical step in the Kentucky Fried Comeback," KFC U.S. President Catherine Tan-Gillespie wrote in a memo to franchisees and employees obtained by CNBC. "A new beverage offering, with a new partner in Coca-Cola, gives us a platform to innovate, meet changing tastes and give customers more reasons to choose us."
For many fast-food chains, beverages have become a critical way to attract consumers. A number of restaurants, like McDonald's and Taco Bell, have broadened their drink offerings with options like refreshers or "dirty soda." For its part, KFC recently unveiled new drinks, like iced coffees and shakes, at Open House, its innovation restaurant in Texas.
Coke told CNBC earlier this year that the company has helped many of its restaurant partners create new drinks.
KFC expects to be pouring Coke beverages in all of its U.S. restaurants by the end of the first quarter of 2027, Tan-Gillespie said.
Tan-Gillespie also said that Pepsi remains an important partner for KFC's parent company and the chain's international markets.
For decades, Coke and Pepsi have tussled over important restaurant partners, which represent both a sales opportunity and the chance to grow the visibility of their beverage brands.
It is unusual for large restaurant chains to switch beverage providers, but not unprecedented. In 2024, Pepsi poached Subway, the largest U.S. restaurant chain by number of locations, from Coke. Besides KFC, Coke has wooed away a number of notable Pepsi customers in recent years, including Culver's, Arby's and Panda Express.
Amazon sází na AI zařízení Bee vnímající okolní prostředí, která pasivně zachycují zvuk, pořizují poznámky a mají postupně omezit potřebu používat aplikace.
Amazon is placing its bets on ambient computing, not apps, as the future of personal AI.
Alongside the launch of its new AI wearables from Bee, Panos Panay, who serves as Amazon’s SVP of Devices, Alexa & Leo, took the stage at TechCrunch Disrupt on Thursday to talk in more depth about where he sees personal computing headed.
“A lot of times, what you’re doing right now — what we all do right now — is we have to remember what we’re asking our tool to do for us,” Panay began, explaining that this is how we engage with our modern smartphones. “It’s like point, shoot, return,” Panay continued. “I think where we’re headed is a world [that] starts with ambient devices.”
By “ambient devices,” he means those that work quietly in the background, using sensors, and AI to help you figure out what needs to be done, instead of the other way around, where you’re telling the device what you need to do.
“As it works in the background, you’re able to stay more present. You’re able to get more done. You’re about to spend more time with people… you’re not afraid if you miss something. It’s incredibly powerful,” Panay said.
Amazon’s biggest entry into this space is the set of new Bee devices it introduced on Thursday, which include a band you can wear on your wrist or detach to wear as a pendant, as well as a new credit-card-sized device that attaches magnetically to the back of your smartphone.
These gadgets passively record audio and take notes about your day, finding the to-dos, reminders, and insights you may later need to refer back to. To balance the need to be useful with user privacy, Bee’s devices don’t actually store the raw audio from your conversations; they process the audio in real time and then delete it when done. Transcripts of conversations are encrypted using keys that your device creates and controls. That means no one else, including Amazon employees, can access those files unless you intentionally share them.
Panay said that privacy was a key consideration for how these new ambient devices should work.
“You have to give customers that control,” he said. “Every product is different, but for Bee specifically, as an example in the ambient space like that, you have to design with privacy in mind. And that’s what we do. That’s critical.”
The executive, who came to Amazon after 19 years at Microsoft where he oversaw the development of Surface devices, has spent a lot of his life thinking about how personal computing will evolve. With Bee — and ambient computing more generally — Panay also envisioned a future where the idea of interacting with apps becomes less important, as more tasks are handled via AI.
“Do I think we have a future where there’s a bit of a balance — a whole generation that doesn’t say ‘give me the app’ for that, but says it should just understand what I need? Yeah, I do. I think that transformation is coming. I think that is the next generation,” he said.
That doesn’t necessarily mean the smartphone itself won’t continue to be an important personal computing device (as much as Amazon would like it to be an Alexa tablet or Echo smart speaker), Panay pointed out. Rather, he believes a new crop of devices will emerge that use sensors to understand users better, and to bring intelligence to the world around you.
“I’m not a proponent that says one form factor is going to replace another. I don’t think that’s the case,” he clarified. “I think there’s an intelligence layer that connects it all… and it has to be useful.”
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UBS has raised its price target for Microsoft Corp (NASDAQ:MSFT), the software and cloud computing company, to $675 from $525, arguing that strong demand for artificial intelligence services supports higher growth expectations ahead of its 28 October results.
The bank reiterated its 'buy' rating, saying Microsoft’s valuation remains reasonable at 23 times estimated 2027 adjusted earnings despite a 39% rally since its June-quarter results.
UBS expects investors to focus on Azure, Microsoft’s cloud computing business, where the market now anticipates revenue growth of 47% for the September quarter, representing a potential two-percentage-point beat against previous expectations.
The bank believes this target is achievable, citing solid enterprise demand, increased artificial intelligence infrastructure spending and potential benefits from higher OpenAI revenues flowing through to Azure.
Microsoft could also benefit from rising prices for hosted graphics processing units (GPUs), the chips used to power artificial intelligence workloads.
UBS expects Microsoft 365, the company’s productivity software suite, to offer another source of upside as the company expands usage-based pricing for its Copilot artificial intelligence tools and increases adoption of its security products.
However, investor expectations have risen alongside the share price, leaving Microsoft a widely held favourite among investors betting on further artificial intelligence growth.
UBS believes the company can meet those higher expectations through strong demand, disciplined cost management and continued improvements in operating profit margins and earnings per share.
The bank also sees potential for further positive sentiment from Microsoft’s leadership meetings at the Ignite conference in mid-November.
UBS has increased its valuation assumption for Microsoft to 25 times the estimated 2028 adjusted earnings, up from 19 times previously, reflecting what it considers a justified premium to peers.
The revised target reflects growing confidence in the company’s ability to monetise artificial intelligence while maintaining profitability, although the higher expectations leave less room for disappointment in its upcoming results.
Home Depot ve 2. čtvrtletí zvýšil tržby o 5,7 % na 47,86 mld. USD a upravený EPS dosáhl 4,92 USD. Klíčovým katalyzátorem dalšího růstu zůstává pokles hypotečních sazeb.
Home Depot beat earnings and still lost a quarter of its value from its 52-week high, and analysts say one overlooked catalyst sitting outside the company's control could flip that story fast.
Home Depot (NYSE:HD | HD Price Prediction) trades at $292.62, and our 24/7 Wall St. Price Target of $357.14 points to 22.05% upside over the next 12 months. Our model rates the stock a buy with high confidence.
24/7 Wall St. Price Target Summary Metric Value Current Price $292.62 Price Target from 24/7 Wall St. $357.14 Upside/Downside 22.05% Recommendation BUY Confidence Level 90% The whole setup hinges on housing turnover. CFO Richard McPhail said in August that turnover “has never been lower as a percentage of the housing stock.”
A sustained break in mortgage rates is the one catalyst that could free up deferred projects and re-rate the stock.
Shares Slide Despite a Clean Earnings Beat Home Depot is at $291.14 intraday, up 1.55% over the past week but down 5.7% over a month, 15.61% quarter to date and 13.54% year to date. That leaves shares roughly 25% below the $389.18 52-week high and about 5% above the $277.15 low. On Tuesday, the stock outperformed competitors on a strong trading day, MarketWatch reported.
The selloff came after solid results. Q2 revenue rose 5.7% to $47.86 billion, exceeding the $47.24 billion estimate, and adjusted EPS of $4.92 beat the $4.73 consensus.
Comparable sales grew 1.7%, accelerating to 2.3% in July. Management reaffirmed guidance for adjusted EPS growth of flat to +4%.
Why Bulls See $398 if Rates Break The bull case is $398.53. McPhail noted that when turnover hits roughly 3% of housing stock, “it’s always bounced up relatively quickly.”
Also, SRS is posting comparable sales above the company average, digital sales rose 11%, and big-ticket transactions above $1,000 grew 2.4%. Wall Street’s consensus target is $379.75, with 21 Buy or Strong Buy ratings and no Sells.
Risks That Could Stall the Rebound McPhail also admitted “there’s just no sign of an inflection point at this moment.” Existing home sales of 3.99 million remain down 2.2% year over year, transactions fell 1%, and SG&A grew 8.5%.
Our bear case is $324.83. Bulls would counter that high costs reflect the GMS and SRS build-out aimed at capturing pro share.
How Home Depot Compares to Lowe’s and Floor & Decor Lowe’s (NYSE:LOW) is the direct big-box rival. It trades at 16x earnings versus Home Depot’s 21x, but Q2 comps rose just 0.2% and guidance was narrowed to flat comps. Stronger execution justifies Home Depot’s premium.
Floor & Decor (NYSE:FND) is the most rate-sensitive comp, with management mentioning high mortgage rates. Comps fell 2.1%. Relative to both peers, our target looks reasonable.
Company Q2 Comp Sales FY26 Comp Guide Home Depot +1.7% Flat to +2.0% Lowe’s +0.2% Flat Floor & Decor -2.1% -4.0% to flat Rates Hold the Key to Re-Rating Our 24/7 Wall St. price target of $357.14 has a buy rating at 90% confidence. Even our bear case is above today’s price.
The case strengthens if mortgage rates step down and turnover rises. It weakens if transactions keep shrinking and SG&A outpaces sales into fiscal 2027.
Here is where our model projects Home Depot could trade, assuming current trends hold.
Year Price Target from 24/7 Wall St. 2026 $296.60 2027 $358.42 2028 $415.11 2029 $453.57 2030 $499.89 These estimates assume continued execution on the pro and digital strategy. A housing recovery could drive significant upside, while extended mortgage lock-in creates the main downside risk.
Contact [email protected] for any questions or corrections.
Moderna je letos nejvýkonnější akcií v indexu S&P 500, ale zůstává ztrátová, má záporný volný peněžní tok a její ocenění závisí na úspěchu vývoje produktů.
SummaryModerna has staged a dramatic rebound, becoming the best-performing S&P 500 stock YTD, driven by pipeline optimism and strong technical momentum.I maintain a "Hold" rating on MRNA due to persistent unprofitability, negative free cash flow, and a valuation highly dependent on pipeline execution.Key catalysts include upcoming Q3 earnings on November 6 and Analyst Day on November 12, with high implied volatility and significant event-driven price risk.MRNA's technicals are bullish, with support at $170–$177 and a measured move upside target near $380, but valuation remains story-driven and speculative. hapabapa/iStock Editorial via Getty Images
Moderna (MRNA) has been perhaps the most remarkable comeback story in markets over the past 12 months. The best-performing S&P 500 stock YTD, shares bottomed under $25 over the course of a few quarters last year, finally starting to revive as 2025 came
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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.
Shopify turned a $1,000 bet into a life-changing fortune over ten years, but the path ran straight through a collapse that sent most investors sprinting for the exit. Whether today's entry point repeats that story or ends differently depends on…
From Storefront Builder to Commerce Operating System Ten years ago, Shopify (NASDAQ:SHOP | SHOP Price Prediction) was a tool small merchants used to spin up online stores. It went public in May 2015, so this decade covers almost its entire life as a public company. Today it serves millions of businesses across 175+ countries, from first-time founders to brands like SKIMS and Supreme.
Most of the money now comes from Merchant Solutions, which covers payments, shipping and merchant lending that grow with sales volume. That segment grew 37% to $2.78B last quarter. Subscription fees grew 22%.
Pandemic Boom, Brutal Bust, Leaner Comeback The 2020 ecommerce surge drew heavy investor demand for Shopify, and the stock peaked in late 2021. Then the correction hit. Growth stocks dropped, and Shopify’s costly push into logistics weighed on results. From a split-adjusted high of about $176.29 in November 2021 to a low of $23.63 in October 2022, shares fell 86.6%. A 10-for-1 split took effect in the middle of the slide.
In 2023, management sold the Deliverr logistics business and went back to an asset-light platform. Growth picked up again. Revenue for fiscal 2025 reached $11.56B, up 30.1%, with $2.01B in free cash flow.
Your $1,000 Became $39,467.50, If You Started Early 1-Year Return
Initial Investment: $1,000 Current Value: $1,105.40 Total Return: 10.54% S&P 500 (same period): $1,157.30 (15.73%) 5-Year Return
Initial Investment: $1,000 Current Value: $1,186.30 Total Return: 18.63% Annualized Return: 3.48% S&P 500 (same period): $1,718.90 (71.89%) 10-Year Return
Initial Investment: $1,000 Current Value: $39,467.50 Total Return: 3,846.75% Annualized Return: 44.42% S&P 500 (same period): $3,596.10 (259.61%) The 10-year gain far outpaced the S&P 500, and the five-year window shows how much entry timing counted. Someone who bought in October 2021, close to the peak, trails the index by a wide margin. Shopify also fell behind the S&P 500 over the past year. To collect the decade’s gain, you had to hold through an 86.6% collapse (the kind of runner most investors walked past at the lows, a pattern we broke down in a free report on missed winners). You also had to sit through another drop this year to a 52-week low of $94 before shares climbed back to $169.
What Would Justify Putting $1,000 In Today A $1,000 investment in Shopify today could make sense if revenue growth above 30% can continue for years while margins keep expanding. The case weakens if a high valuation runs into slowing consumer spending.
On the positive side, Shopify has posted 11 consecutive quarters of 25%+ revenue growth. Its free cash flow margin reached 18%, and it launched a $2B buyback. Orders from AI channels tripled year over year, and management says Shopify has got less than 1% of global retail sales.
On the bear side, shares trade at about 171 times earnings and 105 times free cash flow. Transaction and loan losses rose to $141M from $80M a year earlier. GAAP results also swing hard on equity investment marks.
The business looks stronger than at any point in the last ten years. Even so, the stock has rebounded 26.22% in a month, and its history shows how violently this stock can dropped. Keep an eye on whether the stock holds its recent gains.
Contact [email protected] for any questions or corrections.
IBM has raised its dividend every year since 1916, but the raises have shrunk to a single penny while debt climbs and a weak quarter rattles investors. Whether the cash machine can satisfy retirees and fund IBM's AI ambitions at…
IBM (NYSE:IBM | IBM Price Prediction) has paid a quarterly dividend every year since 1916, and 2026 brought its 31st consecutive year of dividend increases. For retired people who own the stock for income, the run matters less than the cash behind it. IBM is also paying for AI, acquisitions and quantum computing, and a weak second quarter has added pressure.
Free Cash Flow Still Covers the Payout IBM generated $14.734 billion of free cash flow in 2025 and paid $6.255 billion in common dividends. That means the payout took about 42% of free cash flow. In the first half of 2026, IBM produced $4.8 billion of free cash flow and paid out $3.2 billion in dividends. Management still expects free cash flow to rise by about $1 billion this year. CFO Jim Kavanaugh described the plan on the July call:
“We believe with the focused portfolio that we have, with a very disciplined capital allocation, the diversity of our business model as you see in our guide, with a relentless focus on productivity, we drive the durability of that free cash flow engine that, by the way, enables that flywheel to invest for growth.”
A Long Streak Kept Alive by One-Cent Raises The raises have become much smaller. In 2015, IBM lifted the quarterly dividend from $1.10 to $1.30, an increase of about 18%. Every annual raise since 2020 has been exactly one cent, taking the payout from $1.63 to today’s $1.69. The latest increase was about 0.6%. At $233.24 a share, the $6.76 annualized dividend yields about 2.9%. The board is protecting the run and sending most extra cash elsewhere.
Debt and Deals Want the Same Dollars IBM ended the second quarter with $62 billion of total debt. That figure includes $13 billion linked to its financing business. Cash and equivalents dropped to $7.172 billion, down 39.95% from a year earlier. IBM spent $8.294 billion on acquisitions in 2025, closed the Confluent deal in early 2026 and plans to invest more than $10 billion in quantum over the next five years. Management says most of the net interest drag is now behind it.
What the Business Is Actually Doing Second-quarter revenue rose 1.1% to $17.162 billion, and operating EPS of $2.93 came in short of the $2.97 estimate, missing expectations. Operating income fell 19.67%. Software grew 5.1%, led by Red Hat at 11%, while IBM Z mainframe revenue dropped 42%. CEO Arvind Krishna said many of the delayed deals were already closing:
“The fact that a third have already closed in the first three weeks gives us an indication, not yet full evidence, but a good indication that this was deferral and not destruction.”
Shares are down 19.65% year to date.
How Cisco and Oracle Compare Cisco Systems (NASDAQ:CSCO) raised its quarterly dividend by 2% to $0.42. It brought in $14.177 billion of operating cash flow in fiscal 2026 and spent $1.41 billion on capital expenditures. While Oracle (NYSE:ORCL) has held its dividend at $0.50, its latest quarter showed free cash flow of -$5.396 billion after $28.499 billion of capital spending. Oracle expects to raise about $40 billion in debt and equity this fiscal year. IBM falls between the two. It pays its dividend out of its own cash, but its raises are slower than Cisco’s.
Verdict for Income Investors Ultimately, IBM can keep funding its dividend. Free cash flow covers the payout with room to spare, and debt service and investment still fit inside that cash. The trade-off is growth: the pattern points to more one-cent raises and little real income growth. A one-cent raise is not the warning sign a cut usually sends (we laid out the seven that are in a free dividend trap guide). At the next earnings report, keep an eye on whether free cash flow stays on track for the extra $1 billion and whether the delayed software deals close.
Contact [email protected] for any questions or corrections.
Stent Revello od společnosti BD dosáhl v devítiměsíční studii AGILITY 97,2% primární permeability a 2,8% míry selhání u pacientů s onemocněním iliofemorálních tepen.
Key Takeaways BD's Revello stent met the AGILITY trial's nine-month primary endpoint, with a failure rate of just 2.8%.Trial showed 97.2% primary patency and 98.3% freedom from clinically driven target lesion revascularization.BD's Revello stent remains investigational in the U.S., with clinical follow-up continuing through 36 months. Becton, Dickinson and Company (BDX - Free Report) , popularly known as BD, recently reported positive nine-month results from the iliac cohort of the AGILITY trial evaluating its Revello Vascular Covered Stent for treating iliac artery disease, a form of peripheral artery disease (PAD). The findings, presented at VIVA 2026, showed promising safety and effectiveness and support continued clinical evaluation of the device.
The results are encouraging for BD as it seeks to strengthen its position in the peripheral vascular market through product innovation and clinical evidence. If subsequent follow-up confirms the device’s durability and effectiveness, Revello could expand BD’s growth opportunities in vascular intervention. Although Revello is CE-marked, it remains under clinical development in the United States and is limited to investigational use under U.S. law. Its commercial potential will depend on further clinical results and regulatory progress.
BDX Stock Trend Following the NewsFollowing the announcement on Oct. 7, BDX stock has gained more than 2% till yesterday’s close. Year to date, shares of the company have lost 2.7% against the industry’s 9.5% growth and the S&P 500’s 12.5% rise.
The positive AGILITY trial results could support BDX’s long-term growth by strengthening its portfolio of peripheral vascular intervention products and expanding clinical evidence for the Revello Vascular Covered Stent. Favorable outcomes may improve physician confidence in the device and support its adoption if it secures the necessary regulatory approvals.
This could create an additional growth opportunity for BD in treating peripheral artery disease while complementing its broader vascular portfolio. However, long-term revenue contribution will depend on the completion of clinical follow-up, regulatory clearance in the United States and the device’s eventual commercial uptake.
BDX currently has a market capitalization of $51.63 billion.
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AGILITY Trial Demonstrates Strong Safety and EffectivenessBD’s AGILITY Investigational Device Exemption trial evaluated the Revello Vascular Covered Stent in patients with iliac artery disease, which can restrict blood flow to the legs and feet, causing pain, cramping and reduced mobility. The iliac cohort enrolled 120 patients across 28 investigational sites in the United States, Europe, Australia and New Zealand. At nine months, the study met its primary composite safety and effectiveness endpoint, with a failure rate of just 2.8%, well below the prespecified performance goal of 19%.
The results also showed 97.2% primary patency, indicating that the treated arteries remained open. Trial data also demonstrated 98.3% freedom from clinically driven target lesion revascularization, suggesting a low need for repeat procedures due to clinical symptoms. Additionally, there were no device- or procedure-related deaths, no major amputations in the target limb at or above the ankle, or unanticipated serious adverse device effects. These findings support the stent’s performance in treating iliac artery disease, including cases involving moderate-to-severe lesion calcification.
Revello Stent Advances BD’s Peripheral Vascular PortfolioThe Revello Vascular Covered Stent is designed to combine the flexibility of a nitinol self-expanding stent with radial resistive force tailored to the iliac arteries. Beyond safety and vessel patency, patients treated in the AGILITY trial showed improvements in disease severity and walking ability. The mean Rutherford category, a measure of peripheral artery disease severity, improved from 3.0 at baseline to 0.3 at nine months, while the mean Walking Impairment Questionnaire score increased by 31.7 points.
Women accounted for approximately 41% of enrolled patients, adding to the diversity of the study population. Clinical follow-up in the iliac cohort will continue through 36 months to assess the durability of the results. BD also completed enrollment in the trial’s superficial femoral and proximal popliteal artery cohort in August 2026, extending the study’s evaluation of the device across additional peripheral vascular applications.
Continued positive results and progress toward regulatory approval could strengthen BD’s competitive position in peripheral intervention, although broader commercial adoption will depend on longer-term clinical outcomes and regulatory developments.
Industry Prospects Favoring the MarketGoing by data provided by Grand View Research, the global iliac stent market size was valued at $1.2 billion in 2025 and is projected to grow from $1.3 billion in 2026 to $2 billion by 2033, at a CAGR of 6.5% from 2026 to 2033.
Growth of the market can be attributed to growing advancements in medical technology, increasing prevalence of peripheral artery diseases and expanding awareness about minimally invasive procedures as an effective treatment option.
Other NewsBD recently advanced its pharmacy automation portfolio in the United States with the deployment of BD Vmax 160, its next-generation pharmacy automation robot at Fairview Health Services. The technology is designed to help high-volume centralized outpatient pharmacies manage the growing complexity of specialty and refrigerated medications while increasing fulfillment capacity and improving medication access.
Some better-ranked stocks from the broader medical space are OPKO Health (OPK - Free Report) , Globus Medical (GMED - Free Report) and Merit Medical Systems (MMSI - Free Report) .
OPKO Health, currently flaunting a Zacks Rank #1 (Strong Buy), reported a second-quarter 2026 adjusted loss of 1 cent per share, which surpassed the Zacks Consensus Estimate by 87.5%. Revenues of $163.6 million beat the Zacks Consensus Estimate by 24.7%. You can see the complete list of today’s Zacks #1 Rank stocks here.
OPK has an estimated earnings growth rate of 23.3% for 2026. The company’s earnings beat estimates in each of the trailing four quarters, the average surprise being 95.1%.
Globus Medical, currently carrying a Zacks Rank #2 (Buy), reported a second-quarter 2026 adjusted earnings per share (EPS) of $1.34, which surpassed the Zacks Consensus Estimate by 19.6%. Revenues of $789.6 million beat the Zacks Consensus Estimate by 0.4%.
GMED has an estimated long-term earnings growth rate of 12.4%. The company’s earnings beat estimates in each of the trailing four quarters, the average surprise being 27.9%.
Merit Medical Systems, carrying a Zacks Rank #2 at present, reported second-quarter 2026 adjusted EPS of $1.19, which beat the Zacks Consensus Estimate by 23.9%. Revenues of $418.8 million surpassed the Zacks Consensus Estimate by 3.5%.
MMSI has an estimated long-term earnings growth rate of 10.4%. MMSI’s earnings surpassed estimates in the trailing four quarters, with the average surprise being 14.1%.
Transition to Coca-Cola brings two iconic brands together, a visible proof point in KFC's broader comeback plan
, /PRNewswire/ -- KFC U.S. today announced a new partnership with The Coca-Cola Company, another step in the brand's ongoing effort to refresh its menu and beverage platform and create more reasons for customers to visit. Beginning in January 2027, KFC will transition its U.S. beverage partnership to The Coca-Cola Company, with Coca-Cola products expected to be served in all U.S. restaurants by spring 2027.
"I'm incredibly excited to bring KFC and Coca-Cola together. These are two originals, with deep consumer love" said Catherine Tan-Gillespie, President of KFC U.S. "This partnership is about more than what's in the cup. It is another step in our work to evolve KFC, strengthen our restaurants, menu offerings and create a more relevant experience for today's customers. Coca-Cola shares our ambition for the future of this brand, and I'm excited about what we can create together."
"This exciting new partnership brings Coca-Cola and KFC together across the U.S. for the first time," said Dagmar Boggs, President of Foodservice & On-Premise, North America, The Coca-Cola Company. "By pairing KFC's iconic food and flavors with the breadth of Coca-Cola's beverage portfolio and innovation capabilities, we have an incredible opportunity to make every visit more refreshing, create memorable consumer experiences and unlock new growth possibilities together."
The partnership will bring together KFC's signature food and Coca-Cola's broad beverage portfolio to create compelling food-and-drink pairings, expand choice and explore new ways to make the KFC experience more complete. Together, the two brands see an opportunity to serve customers across more occasions, whether they are gathering over a family meal, stopping in for a snack or looking for something refreshing on its own. Coca-Cola's extensive system capabilities will also support KFC restaurants across the U.S.
The announcement comes as KFC continues to evolve its beverage platform through new drink offerings, expanded daypart occasions and innovation already underway across several global markets. Recent examples include the new drink lineup introduced at Open House, the brand's new innovation restaurant in McKinney, Texas, featuring iced coffees, boba, shakes and other craveable creations designed to give fans more flavor and more reasons to visit.
Together, the new Coca-Cola partnership and KFC's continued expansion of beverages mark the next step in KFC's plan to meet changing consumer preferences and create a more relevant customer experience. The partnership brings two iconic originals together as part of the broader Kentucky Fried Comeback, with a shared ambition to build memorable experiences around great food and beverages.
About KFC
KFC Corporation, based in Plano, TX., has been serving up Finger Lickin' Good Original Recipe® fried chicken since 1952, including chicken on the bone, nuggets and tenders. Beyond the top secret 11 herbs & spices, KFC specialties include the KFC Chicken Sandwich, Extra Crispy™ chicken, KFC Famous Bowls®, Pot Pies, Secret Recipe Fries, biscuits and homestyle sides. There are over 30,000 KFC restaurants in 150 countries and territories around the world. KFC Corporation is a subsidiary of Yum! Brands, Inc., Louisville, Ky. (NYSE: YUM). For more information, visit www.kfc.com. Follow KFC on Facebook, Twitter, Instagram and TikTok.
SEC schválila binární opce navázané na více než 100 ukazatelů 23 společností; Robinhood je má jako první broker pro drobné investory nabídnout po získání dalších povolení.
Key Takeaways HOOD is likely to be the first retail brokerage to offer KPI contracts tied to metrics across 23 companies.KPI contracts to expand active trading and complement HOOD's options, equities and prediction markets.Pending clearances and fee waivers through 2026 may delay monetization and limit near-term revenue growth.
Robinhood Markets, Inc. (HOOD - Free Report) is expected to gain a new revenue growth opportunity after the Securities and Exchange Commission (SEC) approved Cboe Global Markets, Inc.’s (CBOE - Free Report) proposal on Oct. 13 to list binary options tied to company-specific key performance indicators (KPIs). Robinhood will likely become the first retail brokerage to offer such contracts, potentially broadening its event-driven trading offerings and creating an additional source of transaction-based revenues.
The contracts will cover more than 100 metrics across 23 companies, including NVIDIA’s data-center revenues, Apple's iPhone revenues and Robinhood's funded-customer count. The offering would let customers trade on specific corporate performance indicators, expanding the range of event-driven products on HOOD's platform.
The proposed KPI contracts are likely to attract retail investors seeking to trade on corporate performance rather than solely on conventional asset-price movements. By extending its product lineup to company-specific business metrics, Robinhood is expected to expand its reach to customers interested in tracking developments across technology and other corporate sectors.
The initiative aligns with HOOD's broader strategy of expanding its active-trading ecosystem through options, futures, prediction markets and other event-driven products. Transaction-based revenues recorded a compound annual growth rate (CAGR) of 57.7% over the six years ended 2025, primarily driven by options and equities trading. The prediction markets business is also gaining traction, with cumulative volumes exceeding 45 billion contracts since launch. The addition of KPI-linked contracts is expected to provide another avenue to engage active traders and encourage activity across the platform.
If customer adoption builds, the offering will likely complement Robinhood's existing trading products and support further transaction-revenue growth. However, its contribution will depend on trading volumes, customer demand and the company's ability to monetize the contracts over time.
HOOD Faces Near-Term Regulatory and Monetization HurdlesTrading has not yet started despite the SEC's approval, as separate clearing approvals remain pending. The launch timeline and completion of the remaining operational requirements will therefore determine when Robinhood can begin offering the contracts.
Additionally, Robinhood and Cboe plan to waive fees through the end of 2026, limiting immediate monetization. Although the fee waiver is expected to encourage initial participation, the offering's longer-term revenue contribution will depend on sustained trading activity and customers' willingness to continue trading once fees are introduced.
Regulatory uncertainty presents another consideration. Robinhood's expansion into prediction markets has already exposed the business to state-level challenges over whether certain event contracts should be treated as gambling or federally regulated derivatives. Although the newly approved KPI contracts are distinct from sports-event contracts, broader scrutiny of event-driven products could increase compliance requirements or complicate future expansion.
Our Take on HOOD’s New Revenue Growth SourceThe SEC's approval provides Robinhood with another opportunity to broaden its active-trading ecosystem and diversify transaction-based revenue. Given the company's existing momentum in options, equities and prediction markets, KPI-linked contracts are likely to complement its product expansion strategy and attract customers interested in trading on corporate performance.
However, the opportunity remains at an early stage, with trading yet to begin. Regulatory developments and customer adoption will also influence the product's commercial potential. HOOD's ability to turn this into a meaningful growth driver will depend on a successful launch, sustained trading volumes and monetization after the promotional period ends.
Over the past year, shares of Robinhood have declined 24.6% against the industry’s 7.3% gain.
One-Year Performance
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Robinhood sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Similar Expansion Efforts by Robinhood’s PeersCoinbase Global (COIN - Free Report) is expanding its stablecoin and trading businesses through strategic partnerships. On Oct. 8, the company announced a partnership with Samsung to integrate USDC into Samsung Wallet for U.S. users, with launch expected in late October. Coinbase will provide custody infrastructure through Coinbase Prime, alongside licensed infrastructure partner Bastion.
The deal will likely boost USDC adoption through digital payments and cross-border transfers, supporting stablecoin-related revenues through Coinbase's agreement with Circle and creating additional custody and payments opportunities. Coinbase is also extending stablecoin infrastructure to community banks and credit unions through its Moov partnership and expanding its international trading business through regulated derivatives in Canada.
Interactive Brokers Group (IBKR - Free Report) continues to expand its multi-asset trading platform through product innovation, AI integration and broader market access. In May, the company introduced a unified prediction-markets interface, expanded its cryptocurrency offerings and enabled stablecoin transfers to external wallets. It has also integrated AI tools, including Claude, ChatGPT and Grok, to enhance investment research and portfolio analysis.
These initiatives are expected to strengthen client engagement, attract new accounts and increase trading activity, supporting commission-based revenues and interest income from client balances. Expanded cryptocurrency, stablecoin and prediction-market offerings will diversify Interactive Brokers’ revenue growth opportunities, while AI-powered tools may improve client retention and platform usage.
UBS očekává, že srovnatelné tržby společnosti Chipotle ve třetím čtvrtletí vzrostou o 1,5 %, avšak slabší začátek čtvrtého čtvrtletí by mohl zhoršit krátkodobý výhled.
UBS expects Chipotle Mexican Grill Inc (NYSE:CMG), the US restaurant chain, to report broadly in-line third-quarter sales on October 28, with sales growth and restaurant margins facing continued pressure before a potential recovery in 2027.
The bank forecasts same-store sales growth of 1.5% for the quarter, slightly above the 1.3% consensus estimate, but expects weaker trends at the start of the fourth quarter to challenge near-term performance.
UBS sees scope for improvement in 2027 as Chipotle expands menu innovation, marketing, catering and operational initiatives, with the bank arguing that these measures could support stronger customer transactions despite persistent economic pressures.
The broker expects third-quarter same-store sales growth to comprise a 2.5% contribution from pricing, offset by a 0.6% decline in transactions and a 0.4% negative impact from sales mix.
Chipotle's performance is expected to reflect broader economic pressures and food safety headlines, partly offset by new menu items such as Pollo Asado and Chili Lime Chips, promotional campaigns and operational improvements.
UBS also highlighted marketing initiatives, including a Cardi B-branded Bardi Bowl, partnerships linked to the PGA Tour and children's meals, and promotional offers designed to attract customers.
However, alternative sales data from Second Measure suggest trading trends weakened at the start of the fourth quarter, raising the possibility that sales growth could fall short of market expectations.
The bank forecasts same-store sales growth of 1.4% for the 2026 financial year, below the consensus estimate of 1.8%, before accelerating to 2.6% in 2027.
Chipotle's restaurant-level margins are also expected to remain under pressure, with UBS forecasting a 23.6% margin for the third quarter, below the 23.8% consensus estimate and down 90 basis points year on year.
For the fourth quarter, UBS forecasts restaurant-level margins of 22.8%, compared with the consensus estimate of 23.4%, reflecting expectations for continued sales weakness and investment in store operations.
The bank expects some margin recovery in 2027, forecasting 24.0% for the year, although this remains below the 24.4% consensus estimate as cost inflation and weaker sales remain risks.
Chipotle's longer-term growth prospects are supported by new restaurant openings, with UBS forecasting store growth of 8.7% in 2026 and 8.0% in 2027.
New restaurants are generating productivity equivalent to about 80% of established locations, while second-year cash-on-cash returns are approximately 60%, with cannibalisation of existing stores remaining around 1%.
UBS expects further sales support from an expanded High-Efficiency Equipment Package rollout, which is targeting 2,000 stores by the end of 2026, alongside a national catering launch planned for 2027 and tests of a restaurant remodelling programme.
The broker sees potential upside if sales trends improve through the remainder of the fourth quarter and into 2027, supported by Chipotle's planned initiatives, continued restaurant expansion and strong balance sheet.
Aqua New Jersey, divize společnosti Essential Utilities, koupila vodárenský systém Lake Tamarack za 113 000 USD a získala přibližně 255 odběrných míst. Do modernizace infrastruktury investuje 1,4 milionu USD.
Key Takeaways WTRG's Aqua New Jersey acquired Lake Tamarack's water system for $113,000, adding roughly 255 customers.
WTRG plans to invest $1.4M in the acquired system to upgrade aging infrastructure and operations.WTRG has added over 138,000 customers through acquisitions since 2015 and is pursuing further expansion.
Essential Utilities, Inc. (WTRG - Free Report) announced that its unit, Aqua New Jersey, had completed the acquisition of the Lake Tamarack Water Corporation’s water system assets in Sussex County, NJ, for $113,000. The acquisition will add approximately 255 customers in the Lake Tamarack section of Hardyston Township to the company’s customer base.
A substantial portion of the water and wastewater infrastructure is nearing the end of its service life, creating a need for continued investment. The Lake Tamarack Water Corporation’s system also requires capital investment to upgrade infrastructure, improve operational efficiency and meet regulatory, environmental and cybersecurity requirements. Essential Utilities plans to invest approximately $1.4 million in the acquired system over the next several years.
Essential Utilities continues to expand its regulated water and wastewater operations through acquisitions. Since 2015, the company has added more than 138,000 customers or equivalent dwelling units and approximately $570 million in rate base through acquisitions.
On Sept. 30, 2026, its subsidiary, Aqua Pennsylvania, completed the $450,000 acquisition of the Ulster Municipal Authority’s water system in Bradford County, PA, adding approximately 180 customers. The company also acquired Integra Water Texas in May 2026 for approximately $4.9 million.
Consolidation Drives Investment in Water InfrastructureAccording to the U.S. Environmental Protection Agency’s Environmental Finance Advisory Board, the U.S. water industry remains highly fragmented, with approximately 50,000 community water systems and 14,500 permitted wastewater systems. Many smaller utilities face financial and technical constraints when upgrading aging infrastructure, underscoring the need for capital investment to improve operational efficiency, maintain service reliability and reduce water loss.
Mergers and acquisitions help improve service quality, reduce costs and support infrastructure investment. Larger utilities acquire smaller systems, funding upgrades, modernizing infrastructure and expanding service territories.
American Water Works (AWK - Free Report) added 52,000 customer connections through acquisitions as of June 30, 2026, and plans to invest $19-$20 billion during 2026-2030. AWK’s proposed merger with WTRG remains on track to close in the first quarter of 2027, subject to regulatory approvals and other closing conditions. The all-stock transaction is expected to create a combined utility with a market capitalization of approximately $40 billion and serve more than 4.7 million water and wastewater customer connections.
California Water Service Group (CWT - Free Report) completed the acquisition of Palm Mutual Water Company on July 1, 2026, adding 63 residential customer connections serving approximately 250 residents. The company expects to invest up to $627 million in infrastructure in 2026 to support reliable water service and system improvements.
Other Stocks to ConsiderAnother top-ranked stock in the same sector is Consolidated Edison (ED - Free Report) , which currently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for 2026 earnings for Consolidated Edison is pegged at $6.10 per share, suggesting year-over-year growth of 7.02%. ED is projected to deliver long-term (three to five years) earnings growth of 4.74%.
Price Movement of WTRGIn the past three months, the stock of the company has risen 2.7% compared with the industry’s 1.4% growth.
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Zacks RankWTRG currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Snap-on očekává ve 3. čtvrtletí tržby ve výši 1,2 mld. USD, což představuje meziroční nárůst o 3,1 %, a zisk na akcii ve výši 4,91 USD, meziročně vyšší o 4,3 %.
Key Takeaways Snap-on's Q3 earnings are expected to rise 4.3% YoY to $4.91 per share, with revenues growing 3.1% to $1.2B.Strong repair demand, advanced diagnostics and industrial growth are expected to support Snap-on's Q3 results.SNA faces headwinds from cautious customer spending, inflationary costs, tariff and potential margin pressure. Snap-on Incorporated (SNA - Free Report) is likely to witness growth in its top and bottom lines when it reports third-quarter 2026 earnings on Oct. 22, before the opening bell. The Zacks Consensus Estimate for revenues is $1.2 billion, which indicates a rise of 3.1% from the year-ago quarter’s level.
The consensus estimate for quarterly earnings has declined by a penny over the past 30 days to $4.91 per share and shows growth of 4.3% from the year-earlier quarter’s tally.
The company has a trailing four-quarter earnings surprise of 1.4%, on average. It delivered an earnings surprise of 1.22% in the last reported quarter.
Key Factors Likely to Influence SNA’s Q3 ResultsSnap-on’s third-quarter performance is expected to have benefited from sustained demand across the automotive repair industry, supported by the aging global vehicle fleet and increasing vehicle complexity. Healthy repair activity, rising demand for specialized tools and the growing need for advanced diagnostic solutions are likely to have supported the company’s Tools and Repair Systems & Information (RS&I) segments. Strong customer demand for productivity-enhancing power tools, precision torque products and other faster-payback offerings is expected to have aided the Tools Group. Meanwhile, growing adoption of intelligent diagnostics, proprietary repair information and advanced undercar equipment among independent repair shops may have bolstered RS&I's performance.
SNA's Commercial & Industrial (C&I) segment is likely to have gained from improving demand across critical industries, including aviation, heavy-duty fleets and natural resources. The growing need for precision, customization and reliability in complex industrial applications is expected to have supported demand for specialty torque solutions, innovative power tools and customized tool kits. Expanding opportunities in data center infrastructure, particularly for precision torque applications, may have provided an additional growth avenue. Improving business momentum across Asia-Pacific and European markets, supported by stronger product offerings and better-aligned supply chains, is also likely to have aided the segment's performance. The recent Hi-Force acquisition may have further strengthened the company's industrial capabilities. Our model predicts net sales to rise by 6.5%, 1% and 2% for the C&I, Tools and RS&I segments, respectively, for the third quarter.
Snap-on's strategic growth initiatives, including strengthening the franchise van channel, deepening relationships with repair shop owners and expanding its presence in critical industries, are expected to have supported quarterly performance. The company's focus on innovation and new product development, particularly advanced diagnostic platforms and specialized repair solutions, is likely to have encouraged customer adoption. The recent Diesel Laptops acquisition may have expanded its presence in heavy-duty vehicle diagnostics and repair information solutions. Moreover, SNA's emphasis on Rapid Continuous Improvement, aimed at enhancing operational efficiency, optimizing sourcing and controlling costs, is expected to have supported profitability. Its localized manufacturing footprint and ongoing supply-chain adjustments may have further strengthened operational resilience amid a challenging business environment.
Despite these strengths, Snap-on's third-quarter performance may have faced pressure from persistent macroeconomic uncertainty, inflationary costs and cautious customer spending. Automotive technicians' reluctance to undertake significant financial commitments is likely to have weighed on demand for expensive tool storage products and related financing activities. Reduced vehicle program launches by original equipment manufacturers and delayed capital spending by dealerships may have constrained demand in the RS&I segment. Continued softness in military-related industrial demand could also have limited growth opportunities. Additionally, unfavorable product mix, higher personnel and freight expenses, and increased technology investments may have pressured margins. Ongoing tariff uncertainty and supply-chain disruptions are other factors that could have affected overall profitability.
What the Zacks Model Predicts for SNAOur proven model doesn’t conclusively predict an earnings beat for Snap-on this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Snap-on has an Earnings ESP of -0.24% and a Zacks Rank of 2 at present. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Valuation Picture of SNA StockSnap-on has a forward 12-month price-to-earnings ratio of 17.39x compared with its five-year high of 20.56x and the Tools - Handheld industry’s average of 17.99x.
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The recent market movements show that SNA’s shares have declined 12.4% in the past three months compared with the industry's 7.9% fall.
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Stocks Poised to Beat Earnings EstimatesHere are some companies that, according to our model, have the right combination of elements to post an earnings beat:
Mohawk Industries, Inc. (MHK - Free Report) currently has an Earnings ESP of +0.04% and a Zacks Rank of 3. MHK is likely to register top-line growth when it reports third-quarter 2026 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $2.9 billion, indicating 3.4% growth from the figure reported in the year-ago quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for MHK’s earnings has increased by a penny to $2.57 per share in the past 30 days. The consensus estimate indicates a decline of 3.8% from the year-ago quarter’s actual. MHK has a trailing four-quarter earnings surprise of 12.3%, on average.
V.F. Corporation (VFC - Free Report) currently has an Earnings ESP of +3.29% and a Zacks Rank of 3. VFC is likely to register top-line growth when it reports second-quarter fiscal 2027 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $2.7 billion, indicating a 3.8% decline from the figure reported in the year-ago quarter.
The consensus estimate for VFC’s earnings has remained stable at 51 cents per share in the past 30 days. The consensus estimate indicates a decline of 1.9% from the year-ago quarter’s actual. VFC has a trailing four-quarter earnings surprise of 33.9%, on average.
Marriott Vacations Worldwide Corporation (VAC - Free Report) has an Earnings ESP of +10.02% and a Zacks Rank of 1 at present.
Marriott Vacations is expected to register a 45% increase in earnings for the to-be-reported quarter. VAC reported better-than-expected earnings in the trailing three out of four quarters and missed once, the average surprise being 1.4%.
Společnost Snap-on těží z rostoucí poptávky datových center po přesných momentových nástrojích Mountz; tržby segmentu C&I ve druhém čtvrtletí vzrostly o 13,8 % na 395,8 mil. USD.
Key Takeaways SNA sees growing data center demand for its Mountz precision torque tools.SNA's C&I sales rose 13.8% in the second quarter, including 11% organic growth.SNA's C&I operating income surged 41.8%, operating margin expanded 330 basis points.
Snap-on Incorporated (SNA - Free Report) is witnessing growing opportunities in its specialty torque business, supported by rising demand for precision tools across critical industries, including data centers. The company highlighted increasing demand for its Mountz product line, which specializes in low-force precision torque applications. Management noted a sizable order serving data center customers and expressed optimism about securing additional business in this market. The Mountz business also contributed to the Commercial & Industrial (C&I) segment's quarterly growth.
The growing adoption of automated systems across critical industries is creating demand for tighter tolerances, precision and customization. Snap-on's expanding specialty torque portfolio serves applications ranging from large hydraulic and tensioning systems to lower-force operations that require greater speed and control. The Mountz acquisition has strengthened the company's capabilities in these specialized applications, positioning it to capitalize on increasing precision requirements.
This momentum is reflected in C&I's strong second-quarter performance. Segment sales increased 13.8% year over year to $395.8 million, including 11% organic growth. Specialty torque and power tools operations recorded double-digit gains, while sales to critical industries advanced in the mid-single digits. C&I operating income surged 41.8% to $66.5 million, with the operating margin expanding 330 basis points to a record 16.8%.
Management also highlighted improving profitability in the torque business, alongside ongoing sourcing and production adjustments. The company noted considerable profitability improvements in its torque operations. Overall, with data center demand emerging as an additional growth opportunity alongside established industrial applications, Snap-on's specialty torque operations appear well-positioned to support C&I's expansion and profitability.
The Zacks Rundown for SNASnap-on’s shares have lost 12.4% in the past three months compared with the industry’s 7.9% decline.
Image Source: Zacks Investment Research
From a valuation standpoint, SNA trades at a forward price-to-earnings ratio of 17.39 compared with the industry’s average of 17.99. The company currently carries a Zacks Rank #2 (Buy).
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for SNA’s current and next fiscal-year sales and earnings implies a rise of 1.1% and 7.3%, respectively, from the previous year’s figures.
Image Source: Zacks Investment Research
Other Stocks to ConsiderSome other top-ranked stocks have been discussed below:
G-III Apparel Group, Ltd. (GIII - Free Report) designs, sources, and markets women's and men's apparel in the United States and internationally. GIII currently carries a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for GIII’s current financial-year sales and earnings is expected to decline 8.4% and 13.8%, respectively, from the corresponding year-ago reported figures. GIII delivered a trailing four-quarter negative earnings surprise of 1.4%, on average.
Kontoor Brands, Inc. (KTB - Free Report) , a lifestyle apparel company, designs, manufactures, procures, sells and licenses apparel, footwear and accessories, primarily under the Wrangler, Lee, and Helly Hansen brands. At present, KTB carries a Zacks Rank of 2.
The Zacks Consensus Estimate for KTB’s current fiscal-year sales and earnings implies a decline of 14.3% and 6.1%, respectively, from the year-ago figures. KTB delivered a trailing four-quarter earnings surprise of 21.4%, on average.
The Toro Company (TTC - Free Report) provides professional turf maintenance equipment and services. It operates through Professional and Residential segments. At present, TTC carries a Zacks Rank of 2.
The Zacks Consensus Estimate for TTC’s current fiscal-year sales and earnings implies growth of 6.5% and 10.5%, respectively, from the year-ago figures. TTC delivered a trailing four-quarter earnings surprise of 7.2% on average.
, /PRNewswire/ -- International Paper Company (NYSE: IP; LSE: IPC) ("International Paper," "IP" or the "Company") notes the recent movement in the share price of the Company and the press speculation regarding a sale of its EMEA Packaging Business (the "potential sale").
On January 29, 2026, the Company announced that its EMEA Packaging Business was expected to be separated by way of a spin off (the "spin off"). On October 14, 2026, the Company confirmed that the spin off was expected to be effected through a listing of the business on the London Stock Exchange with a Level II ADR program to be listed on the New York Stock Exchange.
The Company confirms that it is also evaluating unsolicited inbound inquiries in relation to its EMEA Packaging Business, and is in discussion with potential bidders. This process is at an early stage and there can be no certainty that any sale of the EMEA Packaging Business will be agreed or completed.
The Company is progressing the spin off and evaluating the potential sale in parallel. No assurance can be provided at this stage regarding the ultimate timing or structure of the proposed separation of the EMEA Packaging Business from International Paper.
As announced on October 14, 2026, in connection with the spin off, International Paper will host a "DS Smith – Capital Markets Day" on November 3, 2026.
About International Paper
International Paper creates sustainable packaging solutions that enable our customers, teammates and shareowners to thrive in an ever-changing world. We are a leader in corrugated packaging, partnering with customers across industries to protect what matters most, strengthen supply chains and create lasting value. Learn more at internationalpaper.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements can be identified by the use of forward-looking or conditional words such as "expects," "anticipates," "believes," "estimates," "could," "should," "can," "forecast," "outlook," "intend," "look," "may," "will," "remain," "confident," "commit" and "plan" or similar expressions. These forward-looking statements reflect management's current views and are subject to risks and uncertainties that could cause actual results and the timing of events to differ materially from those expressed or implied in these forward-looking statements. These risks and uncertainties include the risks that neither the Proposed Sale or the Spin Off will happen on a timely basis or at all, the Company's ability to achieve the desired outcome and realize the anticipated benefits from the Separation and the potential uncertainty and disruption during the pendency of the Separation. These forward-looking statements are also subject to the risks and uncertainties contained in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission on February 27, 2026, and subsequent reports filed with the SEC. In addition, other risks and uncertainties not presently known to the Company or that we currently believe to be immaterial could affect the accuracy of any forward-looking statements. The Company undertakes no obligation to publicly update any forward-looking statements contained in this press release, whether as a result of new information, future events or changes in expectations.
