News
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REFILE-Von der Leyen: EU's primary focus on US trade is achieving a negotiated solution
BEIJING, July 24 (Reuters) - European Commission President Ursula von der Leyen, speaking in China, said on Thursday that the European Union's primary focus in talks with the United States is to achieve a negotiated solution on trade and tariffs.She added that intense political discussions are o...Reuters
Thu, Jul 24
Esquire Financial Q2 net income up 13% to $11.9 mln
OverviewEsquire Financial Q2 net income rises 13% yr/yr to $11.9 mlnRevenue for Q2 grows 17% yr/yr, driven by deposit and loan growthCompany maintains solid credit metrics despite increased provisionsOutlookCompany highlights robust capital foundation supporting future growthCompany plans to open Lo...Reuters
Thu, Jul 24
Kearny Financial Q4 net income rises to $6.8 mln
OverviewKearny Financial Q4 net income rises to $6.8 mln from $6.6 mln in Q3Fiscal year net income at $26.1 mln, recovering from prior year's net lossPre-tax, pre-provision EPS grows 23%, driven by net interest margin expansionOutlookKearny Financial expects sustained earnings growth and margin ...Reuters
Thu, Jul 24
West Bancorporation Q2 net income jumps 54%
OverviewWest Bancorporation Q2 net income rises to $8.0 mln, up from Q1 2025Net interest income for Q2 2025 increases to $21.4 mlnDeposits rise significantly, driven by large municipal depositOutlookCompany expects continued earnings improvement through asset repricingWest Bancorporation aims to con...Reuters
Thu, Jul 24
Lockmaker Allegion raises 2025 profit forecast on robust demand for security products
July 24 - Allegion ALLE.N raised its annual profit and revenue forecast on Thursday, anticipating that strong demand for its high-end locks and electronic systems in non-residential establishments will offset expected tariff impacts.The Dublin-based lockmaker offset weak residential demand, pressure...Reuters
Thu, Jul 24
UnitedHealth says it has begun complying with formal criminal, civil requests from DOJ
July 24 (Reuters) - UnitedHealth UNH.N has begun complying with formal criminal and civil requests from the Department of Justice after reviewing media reports about investigations into certain aspects of its participation in the Medicare program, a filing showed on Thursday.Reuters
Thu, Jul 24
CORRECTED-Amalgamated Financial Q2 adjusted EPS beats estimates, margin flat
OverviewAmalgamated Financial Q2 net income rises to $26.0 mln, driven by increased non-core incomeAdjusted EPS for Q2 beats analyst expectations, per LSEG dataNet interest margin remained unchanged at 3.55%Deposits grow 4.3% to $7.7 bln, political deposits jump 13%OutlookCompany expects tax rate to...Reuters
Thu, Jul 24
RPT-Integer Holdings beats Q2 sales estimates, raises FY foreacst
OverviewInteger fiscal Q2 sales rise 11% to $476 mln, beating analyst expectationsAdjusted EPS for fiscal Q2 meets analyst estimates, per LSEG dataCompany raises 2025 adjusted operating income and EPS outlook at the midpointOutlookInteger sees 2025 adjusted EPS of $6.25 to $6.51, a growth of 18%-23%...Reuters
Thu, Jul 24
Canada's CPP Investments to exit JV with Indian mall operator for $631 million
July 24 (Reuters) - Canada biggest pension fund CPP Investments will exit a joint venture with India's Phoenix Mills PHOE.NS for a cash deal worth 54.49 billion rupees ($630.9 million), the mall operator said on Thursday. ($1 = 86.3640 Indian rupees)Reuters
Thu, Jul 24
BREAKINGVIEWS-Netscape IPO casts a shadow from 1995 over AI boom
By Jeffrey Goldfarb NEW YORK, July 24 (Reuters Breakingviews) - With a $300 billion valuation, ChatGPT developer OpenAI towers over peak Netscape. The trailblazing web browser, however, looms large from Silicon Valley to Wall Street as the 30th anniversary of its world-shaking initial public offe...Reuters
Thu, Jul 24
Carter Bankshares Q2 net income beats estimates at $8.5 mln
OverviewCarter Bankshares Q2 net income rises to $8.5 mln, beating analyst expectationsDiluted EPS for Q2 exceeds estimates at $0.37, per LSEG dataCo completes acquisition of two branches, adding $55.9 mln in depositsOutlookCompany expects loan growth from commercial lending and construction project...Reuters
Thu, Jul 24
Heritage Financial Q2 adjusted EPS beats estimates
OverviewHeritage Financial Q2 net income $12.2 mln, down from Q, due to loss on sale of securitiesAdjusted EPS beats estimates, reflecting stronger underlying performanceNet interest margin improved to 3.51%, up from 3.44% in Q1OutlookHeritage Financial to consider investment in new production team...Reuters
Thu, Jul 24
Arrow Financial's Q2 net income rises to $10.8 mln
OverviewArrow Financial Q2 net income rises to $10.8 mln, driven by strong net interest incomeCompany's net interest income hits record $32.5 mln, boosting net interest marginArrow Financial completes operational merger, enhancing banking platform and customer experienceOutlookCompany poised to ...Reuters
Thu, Jul 24
Electronics maker Flex beats Q1 sales estimates on data center demand
OverviewFlex Q1 fiscal 2026 sales beat estimates at $6.6 bln, per LSEG dataAdjusted EPS for Q1 fiscal 2026 beats expectations at $0.72, per LSEG dataCompany attributes strong performance to strategic focus on high-growth marketsOutlookFlex expects Q2 revenue between $6.5 bln and $6.8 blnFlex project...Reuters
Thu, Jul 24
Provident Financial Q2 profit rises, lifted by record net interest income
OverviewProvident Financial Q2 net income rises to $72 mln, reflecting improved asset qualityCompany reports record revenue of $214.2 mln, driven by increased net interest incomeLoan portfolio grows, with C&I loans up 16.26% annualized from prior quarterResult DriversREVENUE GROWTH - Record reve...Reuters
Thu, Jul 24
Independent Bank Corp's Q2 net interest income up 7.9%
OverviewIndependent Bank Q2 net income declines to $16.9 mln from $18.5 mln last yearNet interest income rises 7.9% yr/yr, driven by margin expansionNon-interest income falls due to lower equity securities gainsOutlookIndependent Bank optimistic about growth prospects for 2025 and 2026Company cites ...Reuters
Thu, Jul 24
First Mid Bancshares' Q2 adjusted EPS beats estimates
OverviewFirst Mid Bancshares Q2 adjusted EPS beats analyst expectations, per LSEG dataCompany reports record high net income for Q2 2025Board increases quarterly dividend to $0.25 per shareOutlookCompany focuses on disciplined credit culture amid fluctuating macroeconomic environmentFirst Mid invest...Reuters
Thu, Jul 24
Integer Holdings beats Q2 sales estimates, raises FY foreacst
OverviewInteger fiscal Q2 sales rise 11% to $476 mln, beating analyst expectationsAdjusted EPS for fiscal Q2 meets analyst estimates, per LSEG dataCompany raises 2025 adjusted operating income and EPS outlook at the midpointOutlookInteger sees 2025 adjusted EPS of $6.25 to $6.51, a growth of 18%-23%...Reuters
Thu, Jul 24
Sensor maker CTS' Q2 sales rise 4% to $135 mln, beat estimates
OverviewCTS Q2 sales rise 4% yr/yr to $135 mln, beating analyst expectationsAdjusted EPS for Q2 beats analyst expectations, reflecting solid profitabilityCo maintains 2025 guidance for sales and adjusted EPS, indicating confidenceOutlookCTS maintains 2025 sales guidance of $520-$550 mlnCompany expec...Reuters
Thu, Jul 24
