News
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Brazil to present Lula with credit-based response to US tariff hike, finance minister says
BRASILIA, July 24 (Reuters) - Brazilian Finance Minister Fernando Haddad said on Thursday a contingency plan in response to higher U.S. tariffs will be presented to President Luiz Inacio Lula da Silva from Monday and will include a menu of measures, including credit lines. In an interview w...Reuters
Thu, Jul 24
First Western Q2 net income rises
OverviewFirst Western Q2 net income rises to $2.5 mln from $1.1 mln prior yearNet interest margin rises to 2.67% from 2.35% in Q2 of last yearOutlookCompany expects solid balance sheet growth over second half of yearFirst Western anticipates continued net interest margin expansionCompany aims to mai...Reuters
Thu, Jul 24
Oregon Pacific Bancorp Q2 net income rises to $2 mln
OverviewOregon Pacific Bancorp Q2 net income rises sequentially to $2.0 mln from $1.7 mlnCompany's net interest margin expands to 3.85%, driven by higher loan yieldsLoan growth of $8.9 mln and deposit growth of $4.4 mln in Q2OutlookCompany remains mindful of current economic environment, believe...Reuters
Thu, Jul 24
In China, repair demand for banned Nvidia AI chipsets booms
Nvidia not permitted to sell its most advanced chips to ChinaSome Nvidia AI GPUs in China have been heavily used, leading to higher failure ratesUS lawmakers have introduced bills designed to limit smuggling of Nvidia chipsBy Che Pan and Casey Hall BEIJING/SHANGHAI, July 25 (Reuters) - Demand in...Reuters
Thu, Jul 24
Singapore's sovereign wealth fund GIC posts slowest investment return in 5 years
GIC sees opportunities in infrastructure, including in USGIC's Americas exposure rise, Asia Pacific declinesChina's macro environment still faces challenges, GIC saysBy Yantoultra Ngui and Xinghui Kok SINGAPORE, July 25 (Reuters) - Singapore's sovereign wealth fund GIC reported on Fri...Reuters
Thu, Jul 24
Rugby-All-conquering England women embracing their 'aura'
By Mitch PhillipsLONDON, July 24 (Reuters) - England women's coach John Mitchell says his team will be driven by their own, internal standards rather than outside expectations as they enter their home Rugby World Cup on a remarkable run of form that has made them odds-on favourites.Since 2019 En...Reuters
Thu, Jul 24
Rhinebeck Bancorp Q2 net income up 180% to $2.7 mln
OverviewRhinebeck Bancorp Q2 net income rises 179.6% yr/yr to $2.7 mlnNet interest income for Q2 increases 27.1% to $11.5 mlnNet interest margin improves to 3.97% from 3.04% last yearResult DriversNET INTEREST INCOME - Driven by higher yields on interest-earning assets and lower costs on interest-be...Reuters
Thu, Jul 24
Charles Schwab authorizes $20 billion stock buyback, declares dividends
July 24 (Reuters) - Charles Schwab SCHW.N said on Thursday that its board had authorized a new $20 billion stock repurchase program, replacing the previous authorization. The company also declared a regular quarterly cash dividend of 27 cents per share on its common stock.Reuters
Thu, Jul 24
Provident Bancorp's Q2 net income beats expectation, EPS $0.17
OverviewProvident Bancorp Q2 net income of $2.8 mln beats analyst expectationsEPS of $0.17 beats consensus, reflecting improved earningsCompany announces merger with Needham Bank, sale/leaseback of Main Office buildingOutlookCompany anticipates merger with Needham Bank to close in Q4 2025Company exp...Reuters
Thu, Jul 24
Financial firm Hilltop reports rise in Q2 profit
OverviewHilltop Q2 income rises to $36.1 mln, $0.57/share, up from $20.3 mln, $0.31/share yoyCo repurchased 1.16 mln shares, increased buyback program by $35 mlnReversal of credit losses and higher net interest income boost resultsOutlookHilltop cites uncertain economic conditions impacting future f...Reuters
Thu, Jul 24
Associated Banc-Corp's Q2 EPS rises
OverviewAssociated Banc-Corp Q2 net income of $108 mln, EPS of $0.65Record net interest income of $300 mln, up 17% yr/yrTotal loans rose 3% yr/yr to $30.6 bln, deposits up 4% yr/yrOutlookCompany expects 2025 loan growth of 5% to 6%Associated Banc-Corp forecasts 2025 deposit growth of 1% to 3%Company...Reuters
Thu, Jul 24
Invesco Mortgage Capital Q2 net loss per share $0.40
OverviewInvesco Mortgage Capital Q2 net loss per share of $0.40 vs Q1 net income of $0.26Book value per share declines to $8.05 from $8.81 in Q1Debt-to-equity ratio improves to 6.5x at Q2 end, from 7.1x as of March 31, 2025OutlookCompany sees cautious near-term outlook for Agency RMBSInvesco Mortgag...Reuters
Thu, Jul 24
Universal Logistics Q2 revenue falls 14.8%, EPS drops to $0.32
OverviewUniversal Logistics Q2 2025 revenue falls 14.8% to $393.8 mlnEPS drops to $0.32 from $1.17 in Q2 2024Co declares quarterly dividend of $0.105 per shareOutlookCompany remains committed to long-term growth initiatives amid weak freight backdropUniversal Logistics highlights strategic advantage...Reuters
Thu, Jul 24
Gaming and Leisure Properties Q2 revenue beats estimates
OverviewGaming and Leisure Q2 revenue beats analyst expectations, per LSEG dataAdjusted EBITDA for Q2 beats consensus, driven by acquisitions and financingCo highlights sale-leaseback transactions and financing commitments for future growthOutlookCompany expects 2025 AFFO between $1.112 bln - $1.118...Reuters
Thu, Jul 24
SB Financial beats Q2 adjusted EPS estimates, net income up 23.7%
OverviewSB Financial Q2 adjusted EPS of $0.58 beats analysts' expectationsNet interest income rises 25.6% to $12.1 mln, driven by loan growthCompany reports 23.7% increase in net income to $3.9 mlnOutlookCompany did not provide specific guidance for future quarters or full yearResult DriversLOAN...Reuters
Thu, Jul 24
Financial services firm Enova Q2 revenue beats estimates
OverviewEnova Q2 2025 revenue grows 22% yr/yr, beating analyst expectationsAdjusted EPS for Q2 2025 rises 46%, beating consensusDavid Fisher, Enova's Chairman and CEO to transition to the role of Executive Chairman, effective January 1, 2026 Result DriversORIGINATIONS GROWTH - Enova reports a 28...Reuters
Thu, Jul 24
Deported Venezuelan imprisoned in El Salvador files formal complaint against US
Neiyerver Adrián Leon Rengel files administrative complaintHe seeks $1.3 million in monetary damages from US governmentIt is first action of its kind by a Venezuelan deporteeBy Jan Wolfe WASHINGTON, July 24 (Reuters) - A Venezuelan man filed a formal complaint on Thursday against the U.S. governm...Reuters
Thu, Jul 24
US lawmakers want probe of Palestinian American killed by Israeli settlers
WASHINGTON, July 24 (Reuters) - More than half of the Democrats in the U.S. Senate called on President Donald Trump's administration on Thursday to conduct an independent investigation into the death of Saif Musallet, an American citizen beaten to death by Israeli settlers in the occupied West B...Reuters
Thu, Jul 24
MidWestOne Q2 net income falls
OverviewMidWestOne Q2 pre-tax, pre-provision net revenue rises to $24.5 mlnNet income impacted by $24 mln CRE office credit, credit loss expense $11.9 mlnOutlookCompany expects full-year effective tax rate to be 22-23%Result DriversNET INTEREST MARGIN - Expansion driven by strong loan growth and re-...Reuters
Thu, Jul 24
