July 2026 — page 6
Community West Profit Slides as USB Merger Costs Bite
Community West Bancshares closed its merger with United Security Bancshares and pushed assets past $5 billion, but net income fell to $2.70 million from $11.49 million a quarter earlier.
Customers Bancorp Flags Second-Quarter NIM Trough
Net interest margin, tax equivalent, fell to 3.17% as the company said the quarter is expected to mark the low before a rebound to roughly first-quarter levels in the third quarter.
Booz Allen EPS Rises 22% as Book-to-Bill Ratio Improves
The consulting firm reported adjusted diluted earnings per share of $1.81 for the first quarter of fiscal 2027.
ACNB's Margin Streak Hits 4.56% as Bank Steps Up Payouts
ACNB Corporation (ACNB) posted a fourth straight quarter of net interest margin expansion, reaching 4.56% in the second quarter, even as it paid out a $0.50 special dividend and pushed regular dividends up 10.5%.
Berkshire Hathaway Completes $8.5 Billion Taylor Morrison Acquisition
The all-cash acquisition unified Berkshire’s regional builders with a national platform spanning 52 housing markets.
Surgery Partners to Sell Hospital Interests in $795 Million Cash Deal
The divestiture is part of a portfolio optimization strategy to shift focus toward high-value ambulatory surgery centers.
Matador to Buy Paloma Permian in $1.275 Billion All-Cash Deal
The acquisition would expand Matador’s Delaware Basin position and is expected to add production, reserves and operating efficiencies.
Teck Resources Adjusted EBITDA Hits 2.2 Billion in Second Quarter
The mining company reported a 204% increase in adjusted EBITDA compared to the same period last year.
Canadian National Railway Raises 2026 Guidance After Revenue Growth
The transportation company reported second-quarter revenues of C$4,753 million, an 11% increase over the prior year
RELX Reports Strong First Half 2026 Growth and Reaffirms Outlook
The global analytics provider saw underlying revenue rise 7% and adjusted operating margins improve to 35.5%.
Centrica Announces Interim Dividend for Period Ending June 30, 2026
The company has proposed an interim dividend of 2.0p per share.
Korea's Battery Makers Report Into a Slower Ramp
Three cell makers cut capex guidance in the same week while keeping their long-term capacity targets unchanged.
Next Raises Guidance Again as Full-Price Sales Outrun the Market
The retailer lifted its profit guide for the third time this year, and the composition of the beat has shifted.
Volume Growth Carries Global Systemic Banks, Costs Split
Balance growth lifted eight of the season's eleven reporting global systemic banks, while a smaller cluster wrestled with rising costs and normalizing credit in the same breath.
Waterstone's Net Interest Margin Reaches 3.03%
Community Banking net interest income hit a record $15.8 million as the margin expanded 6 bps from 2.97% in the first quarter.
Wyndham Raises Guidance Despite Franchisee Insolvency Hit
Wyndham Hotels & Resorts posted a 9% rise in adjusted EBITDA to $212 million even as it stripped out revenue tied to a collapsed European franchisee and raised its full-year outlook.
Waste Connections Raises Outlook as Pricing Offsets Falling Volumes
Waste Connections (WCN) lifted its full-year revenue guidance to $10.02 billion-$10.05 billion after second-quarter revenue rose 6.4% to $2.562 billion, even as unit volumes fell for a second straight quarter.
Thermo Fisher Accelerates Revenue Growth as Demand Strengthens
Organic revenue growth reached 5%, up from 1% in the prior quarter.
Gentherm Posts Record Revenue as Margins and Cash Flow Slip
Gentherm reported record quarterly revenue of $416 million even as gross margin and operating cash flow both weakened from a year earlier.
RTX Raises 2026 Outlook After Organic Sales Accelerate
Second-quarter sales reached $24.7 billion, up 16% organically, and the company lifted full-year adjusted sales to $95.0–$96.0 billion.
Roper Raises Outlook as Revenue Growth Slows
Adjusted earnings reached $5.38 a share, topping the prior forecast by eight cents.
Rhinebeck Completes Second-Step Conversion After a $0.24 Quarter
The Dutchess County bank sold 8.88 million shares at $10.00 for $88.8 million of gross proceeds after second-quarter net income of $2.6 million.
QCR Holdings' LIHTC Pipeline Drives Fee Income as Balance Sheet Shrinks
QCR Holdings (QCRH) generated $26.1 million in capital markets revenue for the first half of 2026 even as total loans held near $7.0 billion following planned runoff and a wave of LIHTC securitizations.
PG&E Lifts Profit as Lower Costs Widen Margins
Core earnings increased 36% to $920 million as operating expenses declined.
Orrstown Loan Growth Accelerates as Sub Notes Are Redeemed
Loans rose $51.7 million, or about 5% annualized, to $4.1 billion as the bank redeemed $31.0 million of subordinated notes and reported a 4.00% core net interest margin.
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.
Isabella Bank Signs Grand River Commerce Merger
Second-quarter net interest income reached $18.1 million as the fully tax-equivalent margin widened 21 bps sequentially to 3.54%.
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 Reverses First-Quarter Net Interest Income Drop
Net interest income rose $35 million to $1.66 billion in the second quarter after an $101 million sequential decline in the first quarter.
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. Originations Reach $1.7 Billion as Loans Grow
Net interest margin widened 12 bps to 4.87% as Puerto Rico refinancings and securities redeployment lifted net interest income to $229.1 million.
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.
Princeton's Net Interest Margin Widens to 3.86%
Net interest income reached $20.0 million in the second quarter as the margin widened 23 basis points to 3.86%.
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.