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X @Chainlink
Chainlink· 2025-07-17 13:00
RT BSCN (@BSCNews)🔥ARE BANKS FINALLY GOING ONCHAIN FOR REAL?Westpac and Imperium Markets tap @chainlink to settle tokenized assets with Project Acacia in Australia. This could be huge… Dive in ⬇️https://t.co/m4fMlq5hJl ...
X @Sei
Sei· 2025-07-17 13:00
Tokenized US Treasury Bills are coming to Sei! 🇺🇸@OndoFinance is bringing its flagship product, USDY, with over $680M in TVL, to the fastest L1 blockchain.Institutional-grade assets meet institutional-grade infrastructure.Markets Move Faster on Sei. ($/acc) https://t.co/XE8U1Y9d6q ...
U.S. Bancorp(USB) - 2025 Q2 - Earnings Call Transcript
2025-07-17 13:00
Financial Data and Key Metrics Changes - The company reported earnings per share (EPS) of $1.11 and net income of $1.8 billion, reflecting a year-over-year EPS growth of approximately 13% [4][14] - Total fee revenue grew by 4.6% year-over-year, driven by broad-based strength across various businesses [4][21] - The return on tangible common equity was 18%, and the return on average assets improved to 1.08% [5][15] - The efficiency ratio improved to the high 50s, indicating better expense management [5][15] Business Line Data and Key Metrics Changes - Fee income now represents approximately 42% of total net revenue, with significant growth in payment services [6][10] - The capital markets business is focusing on new product capabilities, contributing to growth in commercial and industrial (C&I) loans [8][9] - Merchant payment services revenue grew 4.4% year-over-year, supported by a tech-led strategy [10] Market Data and Key Metrics Changes - The company divested approximately $6 billion in mortgage and auto loans to strategically reposition its balance sheet [13] - Average loans totaled $379 billion, with a decrease of 0.1% linked quarter, impacted by the sale of residential mortgages and auto loans [17][18] - The investment securities portfolio increased to $174 billion, reflecting a strategic shift in asset allocation [19] Company Strategy and Development Direction - The company is focused on three key priorities: expense discipline, organic growth, and transformation of the payments business [27] - There is an intentional evolution towards a more fee-intensive business model, with a focus on multi-service clients [26][27] - The company aims to achieve a net interest margin (NIM) of 3% in the medium term, supported by strategic actions and loan growth [33][80] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to navigate the current higher interest rate environment and expects sequential net interest income growth in the upcoming quarters [31][32] - The company anticipates continued growth in C&I and credit card portfolios, with strong pipelines [32][88] - Management acknowledged the competitive deposit environment but remains optimistic about the trajectory of net interest income [74][78] Other Important Information - The company reported a modest reserve release of $53 million, reflecting favorable loan portfolio sales [15][22] - The CET1 capital ratio was 10.7%, indicating strong capital levels above regulatory minimums [22][23] - The company is preparing for potential regulatory changes regarding stablecoins, although immediate revenue impact is not anticipated [116] Q&A Session Summary Question: NII dynamics and margin outlook - Management indicated that part of the NIM decline was transitory and expects sequential growth in NII in the upcoming quarters [31][32] Question: Expense management and operating leverage - Management reassured that expense management does not hinder necessary investments and highlighted ongoing investments in technology and productivity [36][39] Question: C&I loan growth drivers - Management noted strong growth in C&I loans, driven by various sectors including healthcare and small businesses [62][63] Question: RWA increase and deposit competition - Management explained the increase in RWA was due to credit risk transfers and commercial loan growth, while deposit competition remains a consistent challenge [72][74] Question: Future loan growth outlook - Management expressed optimism about loan growth, particularly in C&I and credit card segments, indicating better growth opportunities than earlier in the year [88] Question: Fee revenue growth expectations - Management remains confident in mid-single-digit growth for overall fees and payments businesses [95]
Tron Inc. Announces Ticker Symbol Change to “TRON” on Nasdaq
Globenewswire· 2025-07-17 12:30
Winter Park, Florida, July 17, 2025 (GLOBE NEWSWIRE) -- Tron Inc. (Nasdaq: TRON) (“Tron” or the “Company”) today announced the official change of its Nasdaq ticker symbol from “SRM” to “TRON”, effective July 17, 2025. The Company’s CUSIP number (85237B101) will remain unchanged. This move reflects the Company’s broader strategic transformation and its commitment to aligning more closely with the Tron blockchain ecosystem, following the launch of its Tron-focused treasury strategy. “The Company’s ticker chan ...
X @BSCN
BSCN· 2025-07-17 12:01
RT BSCN (@BSCNews)🔥ARE BANKS FINALLY GOING ONCHAIN FOR REAL?Westpac and Imperium Markets tap @chainlink to settle tokenized assets with Project Acacia in Australia. This could be huge… Dive in ⬇️https://t.co/m4fMlq5hJl ...
X @Bankless
Bankless· 2025-07-17 12:00
10 Bullish ETH Charts | Michael NadeauEthereum is gaining steam, but is the real rally just getting started?@JustDeauIt of the DeFi Report joins us to break down Ethereum’s Q2 fundamentals and the 10 most bullish charts from his latest report. We explore why institutional demand may be driving this rally, how ETF flows and treasury holdings are accelerating, and whether ETH remains undervalued despite recent gains. Plus, we dig into the Genius Bill, stablecoin growth, real-world assets, and key onchain metr ...
Asia Broadband - Phase 2 Production Line Processing Plant Equipment Received From China and On Track for Build-Out
Globenewswire· 2025-07-17 12:00
AABB Plant Equipment Image 1 AABB Plant Equipment Image 1 AABB Plant Equipment Image 2 AABB Plant Equipment Image 2 AABB Plant Equipment Image 3 AABB Plant Equipment Image 3 AABB Plant Equipment Image 4 AABB Plant Equipment Image 4 AABB Plant Equipment Image 5 AABB Plant Equipment Image 5 AABB Plant Equipment Image 6 AABB Plant Equipment Image 6 AABB Plant Equipment Image 7 AABB Plant Equipment Image 7 AABB Plant Equipment Image 8 AABB Plant Equipment Image 8 <p align ...
Blue Owl Capital Announces Final Close for Private Offering of an Alternative Credit Fund
Prnewswire· 2025-07-17 12:00
Blue Owl closes $850 million to launch next chapter of growth in Alternative CreditNEW YORK, July 17, 2025 /PRNewswire/ -- Blue Owl Capital Inc. (NYSE: OWL), a leading alternative asset manager, today announced the final close of the private offering of an alternative credit fund (the "Fund"), securing $850 million in capital commitments from a diverse client base across its global private wealth channel.The Fund seeks to provide current income, and to a lesser extent, capital appreciation through investme ...
X @Chainlink
Chainlink· 2025-07-17 11:31
RT Bitcoin.com News (@BTCTN)🇦🇺 Westpac and Imperium Markets will use Chainlink’s CCIP & CRE in the RBA/DFCRC Project Acacia, aiming to settle tokenized assets via Australia’s PayTo rails.The RBA estimates blockchain tokenisation could save issuers up to A$12 B annually, making this a key test of on-chain DvP at wholesale scale. ...
Main Street Announces Preliminary Estimate of Second Quarter 2025 Operating Results
Prnewswire· 2025-07-17 11:00
Core Viewpoint - Main Street Capital Corporation reported strong preliminary operating results for the second quarter of 2025, highlighting a record net asset value per share and significant net fair value increases in its investment portfolio [2][3]. Financial Performance - The preliminary estimate of net investment income (NII) for Q2 2025 is between $0.98 and $1.00 per share, while distributable net investment income (DNII) is estimated to be between $1.05 and $1.07 per share [3][4]. - The estimated net asset value (NAV) per share as of June 30, 2025, is projected to be between $32.27 and $32.33, reflecting an increase of $0.24 to $0.30 per share, or 0.7% to 0.9% from the previous quarter [3][4]. - The company achieved an estimated return on equity of over 17% for the quarter [4]. Investment Portfolio Activity - The total lower middle market (LMM) portfolio investments amounted to $209.3 million, resulting in a net increase of $108.4 million in the total cost basis of the LMM investment portfolio [6]. - The total private loan portfolio investments were $188.6 million, leading to a net decrease of $34.9 million in the total cost basis of the private loan investment portfolio [6]. - There was a net decrease of $17.6 million in the total cost basis of the middle market investment portfolio [6]. Upcoming Events - Main Street will release its second quarter 2025 results on August 7, 2025, after market close, followed by a conference call on August 8, 2025, at 10:00 a.m. Eastern time [5][11].