July 2026 — page 6
Old National's Margin Pressure Eases as Loan Growth Reaccelerates
Old National Bancorp (ONB) held net interest margin nearly flat at 3.54% in the second quarter while period-end loans grew 8.3% annualized to $50.8 billion.
Mobileye Founder Shashua to Step Down as CEO
Amnon Shashua will exit the chief executive role after 27 years at the helm of Mobileye Global (MBLY), the company said, capping a quarter in which revenue swung from a 9% decline to 27% growth.
Honeywell Raises Full-Year Outlook Following Aerospace Spin-Off
The industrial conglomerate raised its full-year adjusted earnings per share guidance to a range of $8.05 to $8.35.
Huntington Grows Loans as Deposit Costs Pinch Margin
Net interest income rose 9% QoQ to $2.052 billion as loan growth outweighed modestly higher funding costs.
Fulton Financial's Margin Holds Up as Blue Foundry Deal Closes
Fulton Financial (FULT) grew net interest income to $284.3 million in the second quarter as the Blue Foundry Bancorp acquisition padded loan and deposit totals while organic commercial lending kept softening.
Freeport Profit Rises 27% as Copper Prices Offset Indonesia Slump
Freeport-McMoRan posted net income of $984 million even as copper sales volumes fell 30% during the phased restart of its Grasberg Block Cave mine.
First Citizens' Margin Stabilizes as Reserve Release Lifts ROA to 1.15%
First Citizens Bancshares (FCNCA) posted its first sequential net interest income gain in three quarters, with net interest margin edging up 1bp to 3.10% after back-to-back quarters of compression.
FirstCash Profit Jumps 58% as Pawn Margins Hit Record
FirstCash Holdings posted second-quarter diluted earnings of $2.12 a share, up 58% from a year earlier, as pawn receivables climbed 63% and U.S. margins reached a record 26%.
First Bancorp's NIM Hits 4.87% as Deposit Mix Shifts Wholesale
First Bancorp's net interest margin expanded 12 basis points to 4.87% in the second quarter, its fifth straight quarterly gain, even as core deposit growth stalled and government and brokered funding filled the gap.
Dover Raises Full-Year Outlook as Organic Growth Accelerates
The diversified manufacturer raised its full-year adjusted earnings guidance to a range of $10.55 to $10.75 a share.
Digital Realty Raises Guidance Twice as Backlog Hits Record $1.9 Billion
Digital Realty Trust posted second-quarter revenue of $1,924.0 million, up 29% from a year earlier, as record bookings backlog and accelerating rent spreads pushed the data-center landlord to raise full-year guidance for the second straight quarter.
Cleveland-Cliffs Swings to Positive Cash Flow as Margins Rebound
Cleveland-Cliffs (CLF) tripled Adjusted EBITDA to $286 million in the second quarter and guided for it to more than double again in the third.
Charter Launches $3.5 Billion Notes Exchange, Adds Cox Disclosure
Charter Communications offered to swap up to $3.5 billion of legacy CCO and TWC notes for new secured debt, a filing that also folded in audited financials for Cox Communications.
Blackstone's Fee Earnings Jump 22% as Perpetual Capital Expands
Blackstone (BX) reported fee related earnings of $1.8 billion, up 22% year over year, as perpetual capital vehicles grew to 48% of fee-earning assets and the firm raised its quarterly dividend 11% to $1.29 a share.
ARMOUR Residential Swings to Profit as Rate Hedges Pay Off
ARMOUR Residential REIT (ARR) posted $111.5 million in net income to common stockholders, reversing a $58.0 million loss the prior quarter as swap gains offset a widening equity base.
American Airlines Posts Record Revenue, Profit Squeezed by Fuel
American Airlines Group swung back to a $71 million profit on record second-quarter revenue of $16.7 billion, even as fuel costs erased half of the airline's fare gains.
USA Rare Earth to Acquire Carester Assets in France Processing Deal
The asset purchase deepens USA Rare Earth's April stake in the French separation specialist into full ownership of its processing platform, tying Carester's output to feedstock from Round Top and Serra Verde.
Mapfre to Buy Safety Insurance in $1.54 Billion Cash Deal
The combination would give the New England insurer Mapfre’s global resources while preserving its regional brand and agency relationships.
Northrim to Buy PBCO Financial in $167.3 Million All-Stock Deal
The merger gives Northrim Bancorp its first out-of-state branch expansion, extending the Alaska lender's community banking franchise into Southern Oregon and the Willamette Valley.
LightPath to Sell China Unit, Completing NDAA-Compliant Pivot
LightPath Technologies agreed to divest its Zhenjiang, China manufacturing operations for $4.5 million, capping a multi-year shift to a fully Western-aligned supply chain for defense optics.
Repligen to Buy BioLife in $1.5 Billion Cash-and-Stock Deal
The acquisition would expand Repligen’s cell-therapy offering with a biopreservation business built on recurring consumables revenue.
Akzo Nobel to Buy Axalta Coating Systems in All-Stock Deal
The companies refined governance arrangements following shareholder dialogue to create a premier global coatings entity.
June Budget Deficit Narrows to $120.3 Billion
Federal receipts climbed from May levels while outlays dipped slightly, though the monthly deficit remains significantly higher than a year ago.
A Consent Order Lands on a Regional Lender's BSA Program
The order caps asset growth until remediation is certified — a constraint that binds strategy, not just compliance.
Kubota Lifts Full-Year Outlook as North American Demand Steadies
The tractor maker raised its operating-profit guide after two quarters of destocking ended in its largest overseas market.
Passive Ownership Shifts in Index Holdings
Recent data shows significant changes in the share of reported holdings held by passive funds.
Packaged Food's Margin Cushion Is Thinning
Across a slice of branded food companies, pricing and productivity are still absorbing input-cost shocks that briefly broke through at one name, but the volume damage from those same price increases is starting to show up underneath the numbers.
Wabtec Raises Outlook as Sales Growth Accelerates
Operating cash flow more than doubled to $441 million as conversion reached 82%.
Texas Instruments Posts Fourth Straight Quarter of Margin Growth
Texas Instruments (TXN) reported second-quarter revenue of $5.46 billion, up 23% from a year earlier, as operating margin expanded to 42.3% and guidance for the current quarter topped analysts' expectations for sequential growth.
TE Connectivity's Organic Growth Reaccelerates as Industrial Overtakes Autos
TE Connectivity posted record adjusted earnings of $2.94 a share, even as operating-margin gains and free cash flow both cooled from prior quarters.
AT&T Expands Profit as Connectivity Growth Accelerates
Free cash flow rebounded to $4.7 billion, nearly doubling from the first quarter.
Southern Copper Posts Record Profit as Metal Prices Climb
Adjusted EBITDA reached $2.856 billion as the margin widened to 66.6%.
RenaissanceRe Profit Rebounds on Book Value Surge, Premiums Shrink
RenaissanceRe's net income jumped to $654.2 million from $284.5 million a quarter earlier, even as gross premiums written fell 12.5% and its casualty book turned unprofitable.
Repligen to Buy BioLife Solutions for $1.5 Billion as Growth Cools
Repligen paired preliminary second-quarter revenue growth of about 12%, decelerating for a second straight quarter, with a definitive agreement to acquire BioLife Solutions for roughly $1.5 billion.
Philip Morris Posts Record Revenue as Pricing Lifts Growth
Adjusted operating margin widened 0.7 percentage point to 42.6% in the second quarter.
Norwood's Margin Widens to 3.90% as Credit Costs Emerge
Norwood Financial (NWFL) posted a record $26.8 million in net interest income in the second quarter as its margin expanded to 3.90%, even as nonperforming loans jumped to 1.23% of loans on a single bankruptcy-linked charge-off.
Northern Trust Raises Dividend as Net Interest Income Climbs
The custody-and-asset-management franchise reported a 1.81% net interest margin and a 10% increase to its quarterly dividend.
Moody's Revenue Accelerates as Transactional Volume Gains Momentum
The financial services provider reported second-quarter revenue of $2.2 billion, a 15% increase from the prior year.
Kinder Morgan Profit Growth Cools as Backlog Shrinks
Kinder Morgan posted second-quarter net income of $867 million, up 21% from a year earlier but down from $976 million in the first quarter as growth decelerated across key metrics.
Globe Life Growth Cools Across Divisions Even as Profit Rises
Globe Life posted a 20% jump in diluted earnings per share to $3.65, but slowing health sales and a thinner underwriting margin at its largest division signaled the deceleration beneath the headline number.
GE Vernova Raises Cash-Flow Guidance as Power Backlog Swells
GE Vernova posted 88% organic order growth and lifted its 2026 free-cash-flow target to $11.5-$12.5 billion, nearly double the range it set at the start of the year.
Forestar Lot Sales Stabilize as Land Pipeline Keeps Shrinking
Forestar Group posted 9% net income growth to $35.9 million in the fiscal third quarter as lot sales edged up 1% after two straight quarterly declines, even as its owned-and-controlled land position kept contracting.
Colony Bankcorp Hits Profitability Target, Unveils New Deal
Colony Bankcorp's operating return on average assets reached management's 1.20% goal in the second quarter, even as the bank agreed to acquire First Reliance Bancshares for about $163 million.
Cal-Maine Swings to Loss as Egg Prices Collapse
Cal-Maine Foods reported a fourth-quarter net loss of $35.9 million as conventional egg prices fell 70.9% from a year earlier, ending a run of pandemic-era profits.
TE Connectivity to Buy Astrodyne TDI in $1.4 Billion Deal
TE Connectivity is deepening its bet on mission-critical power management with a second nine-figure acquisition inside eighteen months.
Repligen to Buy BioLife Solutions in $1.5 Billion Mixed Deal
The acquisition would expand Repligen’s cell-therapy offering with a high-margin consumables business built on recurring revenue.
Public Storage Completes $10.5 Billion National Storage Affiliates Deal
The all-stock acquisition expanded Public Storage’s global platform to more than 4,500 properties.
Progress Software to Buy Domo AI and Data Business for $400 Million
The asset purchase allows Progress to integrate Domo's data platform while the target preserves over $900 million in tax attributes.
NOVAGOLD to Buy Paulson Donlin Stake in $4.2 Billion All-Stock Deal
The consolidation would give the gold developer a streamlined structure for advancing and financing Donlin Gold.
Rocket Lab to Buy Iridium in $8 Billion Mixed-Cash Deal
The acquisition vertically integrates Rocket Lab's launch and satellite manufacturing with Iridium's global communications network and L-band spectrum.