Core Viewpoint - KeyCorp's recent earnings report shows a significant year-over-year increase in earnings and revenues, but also highlights rising expenses and provisions that could impact future performance [2][4][10]. Financial Performance - KeyCorp's Q2 2025 earnings per share from continuing operations was 35 cents, exceeding estimates by a penny and reflecting a 40% increase from the prior year [2]. - Net income from continuing operations attributable to common shareholders was $387 million, up 63.3% year over year [3]. - Total revenues increased 20.9% year over year to $1.83 billion, surpassing the Zacks Consensus Estimate of $1.80 billion [4]. - Net interest income (NII) increased 27.9% year over year to $1.15 billion, with net interest margin (NIM) expanding 62 basis points to 2.66% [5]. - Non-interest income rose 10% year over year to $690 million, driven by increases in most fee income components [7]. Expenses and Provisions - Non-interest expenses grew 7% year over year to $1.15 billion, attributed to increases in nearly all cost components [8]. - The provision for credit losses was $138 million, up 38% year over year, indicating potential credit quality concerns [10]. Loan and Deposit Trends - Average total loans were $105.72 billion, up 1.3% from the previous quarter, while average total deposits decreased to $147.45 billion [9]. - The decline in deposits was primarily due to reductions in higher-cost commercial client balances and retail CDs [9]. Credit Quality - The allowance for loan and lease losses was $1.45 billion, down 6.5% from the prior year, while non-performing assets as a percentage of total loans decreased to 0.66% [11]. Capital Ratios - KeyCorp's tangible common equity to tangible assets ratio improved to 7.8%, and the Tier 1 risk-based capital ratio rose to 13.4% [12]. Future Outlook - Management expects average loan balances to decline by 1-3% in 2025, with period-end loans anticipated to rise by approximately 2% [13]. - NII is projected to increase by 20-22% in 2025, with NIM expected to reach around 2.75% by Q4 2025 [14]. - Non-interest income is expected to rise by 5% or more in 2025, while non-interest expenses are anticipated to increase by 3-5% [15]. Market Position - KeyCorp has experienced a downward trend in estimates since the earnings release, currently holding a Zacks Rank 3 (Hold) [16][18]. - In comparison, State Street Corporation, a peer in the same industry, reported a revenue increase of 8.1% year over year and has a Zacks Rank 2 (Buy) [20].

Core Viewpoint - BOK Financial's recent earnings report shows mixed results, with adjusted earnings per share beating estimates but a decline in net income and revenues year over year [3][4][5]. Financial Performance - The second-quarter 2025 adjusted earnings per share was $2.19, surpassing the Zacks Consensus Estimate of $1.98, but down 13.8% from the prior year [3]. - Net income attributable to shareholders was $140 million, a decline of 14.5% year over year [4]. - Quarterly net revenues were $535.2 million, down 3.6% year over year, but above the Zacks Consensus Estimate of $517.9 million [5]. Revenue and Expenses - Net interest income increased to $328.2 million, up 10.8% year over year, with the net interest margin expanding by 24 basis points to 2.80% [5]. - Total fees and commissions were $197.3 million, down 1.3% year over year, primarily due to lower brokerage and trading revenues [5]. - Total operating expenses rose to $354.5 million, an increase of 5.3% year over year, mainly due to higher personnel costs [6]. Loan and Deposit Trends - Total loans reached $24.3 billion, up 2.5% from the prior quarter, driven by growth in commercial real estate loans and loans to individuals [7]. - Total deposits slightly declined to $38.2 billion, attributed to reduced demand and savings [7]. Credit Quality - Non-performing assets decreased to $81 million, or 0.33% of outstanding loans, down from $93 million, or 0.38%, in the prior year [8]. - The company recorded no provisions for credit losses, compared to $8 million in the prior year [8]. Capital Ratios and Profitability - The common equity Tier 1 capital ratio improved to 13.59%, up from 12.10% a year earlier [9]. - Return on average equity was 9.70%, down from 12.79% in the previous year [10]. 2025 Outlook - The company anticipates loan growth in the mid to upper single-digit range and expects net interest income to be between $1.33 billion and $1.38 billion, up from $1.2 billion in 2024 [11]. - Total revenues are projected to grow in the mid to upper-single-digit range from $2.05 billion in 2024 [12]. - Provisions for credit losses are expected to remain below $18 million, compared to earlier guidance of $20–$40 million [12]. Market Sentiment - Investors have observed a flat trend in fresh estimates over the past month [13]. - BOK Financial has an average Growth Score of C and a value score of B, resulting in an aggregate VGM Score of B [14]. - The company holds a Zacks Rank 3 (Hold), indicating an expectation of an in-line return in the coming months [15].

Core Viewpoint - Verizon Communications has shown strong performance in its recent earnings report, surpassing estimates in both adjusted earnings and revenues, indicating solid growth in its wireless and broadband segments [2][4][5]. Financial Performance - Verizon reported Q2 2025 net income of $5.12 billion, or $1.18 per share, compared to $4.7 billion, or $1.09 per share, in the prior year, reflecting a positive trend in top-line growth [4]. - Total operating revenues increased by 5.2% to $34.5 billion, driven by service revenue growth and higher wireless equipment revenues, exceeding the consensus estimate of $33.58 billion [5]. - Adjusted earnings for the quarter were $1.22 per share, beating the Zacks Consensus Estimate by 4 cents [4]. Segment Performance - The Consumer segment saw revenues rise by 6.9% year over year to $26.65 billion, with service revenues up 2.1% to $20.26 billion and wireless equipment revenues increasing by 29.6% to $5.37 billion [6]. - The Business segment experienced a slight decline in revenues, down 0.3% to $7.27 billion, attributed to lower wholesale and enterprise revenues, which was below estimates [9]. Subscriber Growth - Verizon achieved industry-leading wireless service revenues of $20.9 billion, up 2.2% year over year, and added 278,000 fixed wireless access subscribers, bringing the total to over 5.1 million [3]. - The company recorded 65,000 wireless retail postpaid net additions in the quarter, with a churn rate of 1.61% [10]. Cash Flow and Liquidity - For the first half of 2025, Verizon generated $16.76 billion in net cash from operating activities, with free cash flow of $5.17 billion for the quarter [13]. Guidance - Verizon expects wireless service revenue growth in the range of 2%-2.8% for 2025, with adjusted EBITDA growth projected at 2.5%-3.5% [14].

Core Insights - First Majestic Silver Corp reported adjusted earnings per share of 4 cents for Q2 2025, missing the Zacks Consensus Estimate of 6 cents, but showing improvement from a loss of 7 cents per share in the same quarter last year [1][8] - The company's revenues surged 94% year over year to a record $264 million, driven by higher silver prices and increased sales volumes [2][8] - Production reached 7.9 million silver-equivalent ounces, a 48% increase year over year, primarily due to a 76% rise in silver production from key mines [5][8] Financial Performance - First Majestic's cash costs per AgEq ounce were $15.08, down 1% from the previous year, while all-in-sustaining costs were $21.02 per AgEq ounce, a 3% decrease [3] - The mine-operating profit for the quarter was $49 million, significantly up from $15.5 million in the prior year [4] - Adjusted EBITDA for Q2 2025 was $125 million, a substantial increase from $26 million reported in the same quarter last year [4] Production Details - The production included 3.7 million silver ounces and 33,865 gold ounces, with the increase attributed to enhanced output from the San Dimas and La Encantada mines, along with contributions from the Cerro Los Gatos mine [5] - The average realized silver price was $34.62 per payable silver equivalent ounce, reflecting a 24% year-over-year increase [2] Financial Position - At the end of Q2 2025, First Majestic had $385 million in cash, with operating cash flow before working capital and taxes amounting to $115 million, compared to $25 million in the prior year [6] Stock Performance - Over the past year, First Majestic's shares have increased by 53.2%, outperforming the industry average growth of 36.4% [7]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Core Insights - Blink Charging Co. reported a quarterly loss of 26 cents per share, missing the consensus estimate of 18 cents [1] - Quarterly revenue reached $28.66 million, exceeding the Street estimate of $22.11 million [1] Financial Performance - The company achieved consolidated revenues of $28.7 million, reflecting a sequential growth of 38% compared to the first quarter of 2025 [2] - Product sales increased by 73% sequentially, while service revenues saw an 11% sequential increase [2] - Service revenues grew 46% year-over-year to $11.8 million [5] - The company incurred approximately $16.5 million in largely one-time, non-cash charges during the quarter [5] - Compensation expenses were reduced by 22% year-over-year, resulting in $8 million in annualized expense savings through efficiencies [5] Future Outlook - Blink expects to achieve continued sequential revenue growth in the second half of 2025 based on current visibility [3]

Core Viewpoint - Commerce Bancshares reported strong second-quarter earnings, surpassing estimates despite facing high expenses and provisions, indicating potential for future growth [2][3][4]. Financial Performance - Earnings per share for Q2 2025 were $1.14, exceeding the Zacks Consensus Estimate of $1.02, and reflecting a 10.7% increase year-over-year [2]. - Net income attributable to common shareholders rose to $152.5 million, a 9.3% increase from the previous year [3]. - Total revenues reached $445.8 million, up 7.5% year-over-year, surpassing the consensus estimate of $430.4 million [4]. Income and Expenses - Net interest income (NII) was $280.1 million, a 6.8% increase from the prior year, with a net yield on interest-earning assets expanding to 3.70% [4]. - Non-interest income increased to $165.6 million, up 8.8% year-over-year, driven by growth in most components [5]. - Non-interest expenses rose by 5.3% year-over-year to $244.4 million, influenced by increases in nearly all cost components [5]. Loan and Deposit Trends - As of June 30, 2025, net loans were $17.50 billion, a 1.7% increase from the prior quarter, while total deposits declined by 1.3% to $25.49 billion [7]. Asset Quality - Provision for credit losses was $5.6 million, a 2.4% increase from the prior year [8]. - The allowance for credit losses on loans to total loans was 0.94%, up 2 basis points year-over-year [8]. Capital and Profitability Ratios - The Tier I leverage ratio improved to 12.75%, up from 12.13% in the previous year [9]. - Return on total average assets was 1.95%, an increase from 1.86% year-over-year, while return on average equity decreased to 17.40% from 18.52% [9]. Share Repurchase Activity - The company repurchased 0.17 million shares at an average price of $60.54 during the reported quarter [10]. Market Sentiment and Outlook - Following the earnings release, there has been an upward trend in estimates revision, with a consensus estimate shift of 7.17% [11]. - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations for above-average returns in the coming months [13].

Core Viewpoint - First Horizon National's recent earnings report indicates a positive trend with adjusted earnings per share surpassing estimates, driven by increased net interest income and reduced expenses [2][3]. Financial Performance - Adjusted earnings per share for Q2 2025 were 45 cents, exceeding the Zacks Consensus Estimate of 41 cents and up from 36 cents in the same quarter last year [2]. - Net income available to common shareholders was $233 million, reflecting a 27% year-over-year increase [3]. - Total quarterly revenues reached $830 million, a 1.8% increase year-over-year, although it missed the Zacks Consensus Estimate by 0.9% [4]. - Net interest income rose nearly 2% year-over-year to $641 million, with the net interest margin increasing by 2 basis points to 3.40% [4]. Expense Management - Non-interest expenses decreased by 1.8% year-over-year to $491 million, attributed to declines in most cost components [5]. - The efficiency ratio improved to 59.20%, down from 61.44% in the prior year, indicating enhanced profitability [5]. Loan and Deposit Growth - Total loans and leases at period-end were $63.3 billion, up 1.7% from the previous quarter, while total deposits increased by 2.1% to $65.6 billion [6]. Credit Quality - Non-performing loans and leases rose by 3.3% year-over-year to $593 million, with the allowance for loan and lease losses decreasing by 0.8% to $814 million [7]. - Net charge-offs remained stable at $34 million year-over-year, and the provision for credit losses dropped 45% to $30 million [8]. Capital Ratios - As of June 30, 2025, the Common Equity Tier 1 ratio was stable at 11%, with the total capital ratio also remaining at 14% [9]. 2025 Outlook - Adjusted revenues are projected to be flat to a 4% increase from $3.28 billion in 2024, while adjusted non-interest expenses are expected to remain flat or rise by 2% from $1.98 billion [11]. - The net charge-off ratio is anticipated to be between 0.15-0.25%, reflecting credit normalization [11]. - The CET 1 ratio is expected to be between 10.5-11%, indicating modest loan growth [12].

Core Viewpoint - Progressive Corporation reported strong Q2 2025 earnings, with significant year-over-year growth in both earnings per share and revenues, driven by higher premiums and investment income [2][3]. Financial Performance - Q2 2025 earnings per share reached $4.88, exceeding the Zacks Consensus Estimate by 10.1% and reflecting an 84.1% increase year over year [2]. - Net premiums written were $20 billion, a 12% increase from $17.9 billion in the previous year, while net premiums earned grew 18% to $20.3 billion, surpassing the Zacks Consensus Estimate of $20.1 billion [3]. - Operating revenues rose 19.5% year over year to $42.2 billion, driven by a 19% increase in net premiums earned and a 29.3% rise in net investment income [3]. Expense Analysis - Total expenses increased by 15.1% to $35.2 billion, influenced by a 12% rise in losses and loss adjustment expenses and a 31.5% surge in other underwriting expenses [4]. - The combined ratio improved by 570 basis points to 86.2, indicating better efficiency in claims and expenses management [4]. Policy Growth - Policies in force in the Personal Lines segment increased by 16% year over year to 36.1 million, with notable growth in both Agency Auto (16% increase) and Direct Auto (21% increase) segments [5]. Financial Health - As of June 30, 2025, Progressive's book value per share was $55.62, a 39.5% increase from $39.85 a year earlier, and return on equity improved to 43.6% from 40.2% [6]. - The total debt-to-total capital ratio improved by 530 basis points to 17.5, indicating a stronger balance sheet [6]. Market Sentiment - Recent estimates for Progressive have shown an upward trend, suggesting positive investor sentiment and expectations for future performance [7][9]. - The stock holds a Zacks Rank 2 (Buy), indicating expectations for above-average returns in the coming months [9]. Investment Scores - Progressive has a Growth Score of B and a Value Score of B, placing it in the top 40% for value investors, although it lags in Momentum Score with an F [8].

Financial Performance - Cosan's EBITDA under management reached R$ 60 billion, a decrease from R$ 73 billion in 2Q24[6] - Dividends and Interest on Capital Received amounted to R$ 06 billion, down from R$ 21 billion in 2Q24[6] - Net Debt remained stable at R$ 175 billion, consistent with 1Q25[6] - Net Income was R$ (09) billion, compared to R$ (02) billion in 2Q24[6] Operational Highlights - Rumo experienced higher transported volume, reaching 218 billion RTK, a 4% increase[12] and increased EBITDA (+6%)[12] - Compass saw growth in distributed volume (+9%)[12] - Moove experienced lower EBITDA (-12%) due to a reduction in lubricant volumes sold (-13%)[12] - Raízen experienced a reduction in EBITDA (-23%), lower crushing in ESB offset by better performance of Fuel Distribution Brazil[13] Sugarcane crushing was 25 million tons, a 21% decrease[13] - Radar's portfolio land value is R$ 168 billion, with Cosan's stake at R$ 52 billion[13] Liability Management - Cosan Corporate's Net Debt was R$ 175 billion in 2Q25[15] - The Debt Service Coverage Ratio (DSCR) was 12x LTM[6, 15] - The average cost of debt is 088%[17]