Core Viewpoint - F&M Bank has appointed Ahmed Alomari to its Board of Directors, which is expected to enhance the bank's digital capabilities and technology infrastructure [1][3]. Company Overview - F&M Bank is an independent community bank established in 1897, providing commercial and retail banking services across various counties in Ohio and Northeast Indiana, as well as in Michigan [5]. Appointment Details - Ahmed Alomari was appointed to the Board of Directors during the monthly board meeting on June 24, 2025 [1]. - Alomari is recognized for his expertise in Oracle database performance and enterprise systems architecture, having founded Cybernoor in 2007 and served as CEO until its acquisition by Buchanan Technologies in 2021 [2]. Executive Insights - Lars Eller, President and CEO of F&M Bank, highlighted Alomari's technical expertise and innovative track record as valuable assets for the bank's future [3]. - Alomari holds a degree in Computer Science from the University of Michigan's School of Engineering [3].

Financial Data and Key Metrics Changes - Gross billings increased by 12% year over year, reaching $21.6 billion, with a 11% growth in constant currency [12] - Net revenue rose by 7% year over year to $14.9 billion, exceeding guidance [13] - Non-GAAP diluted EPS was $2.99, above the upper end of guidance [16] - Free cash flow generation for the quarter was approximately $543 million [17] Business Line Data and Key Metrics Changes - Endpoint Solutions portfolio gross billings grew by 13% year over year, driven by the ongoing PC refresh cycle [13] - Advanced Solutions portfolio gross billings increased by 12% year over year, with a 10% growth when excluding Hive [13] - Software billings grew by 20%, driven by cloud, cybersecurity, and infrastructure software [6] Market Data and Key Metrics Changes - All regions and major technologies experienced growth during the quarter, with strong demand from SMB, MSPs, and Public Sector, all growing in double digits [6] - Europe showed strong growth at 17% year over year, while North America also enjoyed solid growth [90] Company Strategy and Development Direction - The company shared five strategic imperatives aimed at delivering above-market growth, including unifying reach, targeting new customers, and expanding distribution markets [7] - The focus on digital capabilities is intended to help new customers scale and improve operational efficiencies [9] - The company aims to generate profitable growth and free cash flow while being a valued partner to vendors and customers globally [10] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a volatile environment due to global trade developments but expressed confidence in the company's strong financial position [18] - For Q3, the company expects non-GAAP gross billings in the range of $21 billion to $22 billion, representing approximately 6% growth at the midpoint [18] - Management remains cautiously optimistic about demand, particularly in the public sector, despite macroeconomic uncertainties [32] Other Important Information - The company returned $186 million to shareholders in Q2, including $149 million in share repurchases and $37 million in dividends [17] - The Board of Directors approved a cash dividend of $0.44 per common share, payable on July 25, 2025 [18] Q&A Session Summary Question: Can you provide more details on the demand pull forward mentioned? - Management noted a pull forward in demand, particularly in PCs, estimating a benefit of $100 million to $200 million in sales [23][24] Question: Why is Q3 guidance similar to last year despite the pull forward? - Management indicated that while there was a pull forward, they expect demand to soften in the second half of the year, leading to cautious guidance [30] Question: Are you seeing any weakness in any region or product line? - Management stated that current demand is in line with guidance, but they remain cautious due to potential impacts from tariffs and geopolitical issues [60] Question: What is the current status of the PC refresh cycle? - Management believes the company is in the middle of the PC refresh cycle, which began one to two quarters ago [79] Question: What is driving the sequential margin improvement in the Endpoint Solutions business? - Management attributed margin improvement to increased demand and a stronger pricing environment during the refresh cycle [83]

Core Insights - W.W. Grainger, Inc. (GWW) is experiencing growth driven by volume increases in the High Touch Solutions segment and customer growth in the Endless Assortment segment [1][4] - The company anticipates continued top-line growth due to volume improvements and pricing actions, alongside effective inventory management and investments in e-commerce [2][8] Segment Performance - The High-Touch Solutions segment is benefiting from volume growth across all geographies and strong price realization, with an improved product mix contributing to gross margin [3][6] - The Endless Assortment segment is supported by customer acquisition and repeat customer growth at MonotaRO, as well as solid performance at Zoro [4] Financial Guidance - GWW expects earnings per share for 2025 to be between $39.00 and $41.50, indicating a 3% growth from 2024 figures, with net sales projected between $17.6 billion and $18.1 billion, reflecting a sales growth of 2.7-5.2% [5] Strategic Initiatives - The company is focused on enhancing customer experience through investments in e-commerce and digital capabilities, aiming for a personalized and efficient customer journey [9] - Strategic actions include improving product mix, reducing freight costs, and navigating supply-chain challenges to enhance margins [8] Market Position - Grainger's shares have increased by 20.6% over the past year, contrasting with a 1% decline in the industry [12]

nCino customers can now leverage Pinwheel to boost account activation and primary banking relationships. Post this As part of the partnership agreement, nCino will create an integration between its Consumer Banking Solution and Pinwheel Deposit Switch. The integrated functionality will help banks and credit unions achieve better deposit switch conversion rates. Head-to-head tests among available deposit switching solutions have proven that Pinwheel consistently delivers 30% more switches than other provide ...