Key Business Results - Net income for Q4 2025 was $301 million, translating to diluted EPS of $3.74, a 4% increase from Q4 2024 [3][7] - Adjusted EPS increased 23% year-over-year to $5.23 [3] - Gross profit rose 26% year-over-year to $1,542 million [3] - Total advisory and brokerage assets increased 36% year-over-year to $2.4 trillion [3] - Total organic net new assets were $23 billion, representing a 4% annualized growth [3] Key Financial Results - For the full year 2025, net income was $863 million, translating to diluted EPS of $10.92, down 22% from the previous year [3][23] - Adjusted EPS for the year increased 22% year-over-year to $20.09 [3] - Gross profit for the year increased 24% year-over-year to $5.60 billion [3] - Total organic net new assets for the year were $147 billion, representing an 8% growth rate [3] Key Capital and Liquidity Measures - Corporate cash stood at $470 million [3] - Leverage ratio was 1.95x [3] - Dividends paid in Q4 2025 were $24 million, with a total of $94 million for the year [3] M&A Updates - The company is on track to complete the conversion of Commonwealth Financial Network in Q4 2026, expecting asset retention of approximately 90% and run-rate EBITDA of approximately $425 million [3] Market Performance - The S&P 500 Index at the end of Q4 2025 was 6,846, a 2% increase from Q3 2025 [31] - Total advisory assets reached $1.4 trillion, a 46% increase year-over-year [3][31] - Client cash balances increased to $61 billion, up $5 billion sequentially and $6 billion year-over-year [3]

Core Viewpoint - Openmarkets Group Pty Ltd has entered into a merger and business combination agreement with Lake Superior Acquisition Corp, which will lead to Openmarkets becoming a Nasdaq-listed company with an estimated enterprise value of USD 300 million upon completion of the transaction in 2026 [1][2]. Company Overview - Openmarkets is an Australian financial services and technology provider headquartered in Sydney, offering brokerage services, options risk management, and wealth management SaaS to various client groups [7]. - Lake Superior Acquisition Corp is a Nasdaq-listed special purpose acquisition company (SPAC) formed to effect a merger or business combination with one or more businesses [6][8]. Strategic Initiatives - The merger aligns with Openmarkets' strategy to expand into decentralized finance (DeFi) through cryptocurrency trading and tokenization of real-world assets (RWAs) [3][4]. - Openmarkets plans to focus on secure and compliant fractionalization of real-world assets, integrating cryptocurrency trading into its existing platform, and building a unique ecosystem of partnerships [4]. Leadership Insights - Dan Jowett, CEO of Openmarkets, emphasized that the transaction will accelerate growth plans and open new sources of capital while establishing a presence in the US market [5]. - Edward Cong Wang, CEO and Chairman of Lake Superior, stated that the merger represents a significant opportunity for Openmarkets to expand globally and build the future of open finance through DeFi [5].

Core Viewpoint - Interactive Brokers Group, Inc. (IBKR) is a significant entity in the financial services sector, recognized for its advanced trading platforms and competitive pricing, serving both individual and institutional investors [1] Group 1: Stock Performance - IBKR closed a trading session at $72.88, reflecting a 1.83% increase from the previous day, outperforming the S&P 500's gain of 0.62%, the Dow's rise of 0.99%, and the Nasdaq's increase of 0.65% [2] - Over the past month, IBKR shares have appreciated by 8.75%, significantly exceeding the Finance sector's gain of 2.85% and the S&P 500's increase of 0.59% [2] - The current stock price is $71.34, showing a decrease of 2.11% or $1.54, with a trading volume of 3,750,931 shares today [4] Group 2: Earnings Expectations - The investment community is anticipating IBKR's earnings release on January 20, 2026, with an expected EPS of $0.49, indicating a 3.92% decline from the same quarter last year [3] - Quarterly revenue is projected to reach $1.43 billion, representing a 0.75% increase from the previous year [3] Group 3: Analyst Ratings - Barclays maintains an "Overweight" rating for IBKR, adjusting its price target from $81 to $82 [1][5]

As filed with the Securities and Exchange Commission on December 12, 2025 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 PINEAPPLE FINANCIAL INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Canada 6199 Not applicable (I.R.S. Employer Identification No.) Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Copies to: Darrin Ocasio, Esq. Sichenzia Ro ...

Core Insights - Anywhere Real Estate Inc. reported a revenue of $1.626 billion for Q3 2025, an increase of $91 million or 6% year-over-year [4][11] - The company experienced a net loss of $13 million, a decline of $20 million compared to the previous year, resulting in a loss per share of $0.12 [4][11] - The proposed merger with Compass is expected to create a leading platform for real estate services, enhancing innovation and operational efficiency [2][11] Financial Performance - Revenue for Q3 2025 was $1,626 million, up from $1,535 million in Q3 2024, marking a 6% increase [4] - Operating EBITDA decreased to $100 million from $108 million, a decline of 7% [4] - Free Cash Flow was reported at $92 million, down from $99 million year-over-year [4][11] Key Operational Metrics - Closed homesale sides increased by 2% to 193,485 compared to 189,833 in Q3 2024 [4] - The average homesale price rose by 5% to $526,210 from $502,512 [4] - The company welcomed 13 new U.S. franchisees and one international expansion during the quarter [11] Cost Management and Savings - The company achieved $28 million in cost savings in Q3 2025 and is on track to realize $100 million in total cost savings for the year [3][11] - Additional temporary cost controls generated $6 million in savings during the same quarter [11] Market Position and Trends - The combined closed transaction volume increased by 7% year-over-year, outperforming the National Association of Realtors' reported market growth by over 2 percentage points [9][11] - Continued strength in luxury real estate brands, with closed transaction volume increasing by 12% year-over-year [11] Debt and Financial Health - Total corporate debt, net of cash and cash equivalents, stood at $2.5 billion as of September 30, 2025 [12] - The Senior Secured Leverage Ratio was reported at 0.85x, while the Net Debt Leverage Ratio was 6.7x [12]

Financial Performance - M&T's revenues reached $2513 million in 3Q25[27] - Net income was $792 million in 3Q25[27] - Diluted EPS increased by 14% quarter-over-quarter (QoQ) and 20% year-over-year (YoY)[29] - Net interest margin increased by 6 bps QoQ and YoY to 368%[29] - Tangible book value per share increased by 3% QoQ and 7% YoY to $11531[30] Balance Sheet - Average loans increased by $11 billion QoQ[40] - Consumer loans rose by 3% (+$745 million) QoQ[40] - Residential real estate loans increased by 3% (+$675 million) QoQ[40] - Commercial real estate (CRE) loans declined by 4% (-$980 million) QoQ[40] - Commercial and industrial (C&I) loans grew by 1% (+$680 million) QoQ[40] Credit Quality - Criticized loans decreased by $584 million QoQ[69] - Net charge-offs as a percentage of average loans was 042% in 3Q25[27] Outlook - The company anticipates a net interest margin of 370% +/- in 4Q25[77]

Financial Performance - Forward Air Corporation reported revenue of $619 million in 2Q25[35] - The company's Consolidated EBITDA for 2Q25 was $74 million, with a margin of 119%[37] - The company's LTM Net Leverage was 57x[39] - Expedited Freight segment revenue for 2Q25 was $258 million[48] with Reported EBITDA Margin of 116%[49] - Omni Logistics segment revenue for 2Q25 was $328 million[59] with Reported EBITDA Margin of 90%[60] - Intermodal segment revenue for 2Q25 was $59 million[63] with Reported EBITDA Margin of 151%[64] Liquidity and Debt - The company's liquidity stands at $368 million[38] - Operating cash flow improved by $40 million year-over-year in 2Q[73] - No long-term debt maturities until December 2030[83] Operational Highlights - Expedited Freight segment claims ratio is approximately 01%[55] - Over $100 million in annualized cost savings realized since closing the Omni acquisition[88]

Core Viewpoint - Citizens Financial Services reported strong financial results for Q2 2025, with GAAP earnings per share of $1.76, exceeding analyst expectations of $1.60, and net income reaching $8.5 million, a 60.4% increase from the previous year, driven by improved net interest margins and expense control, although challenges remain with higher non-performing assets and deposit outflows [1][5][6]. Financial Performance - GAAP EPS for Q2 2025 was $1.76, a 60.0% increase from $1.10 in Q2 2024 [2] - Net income for Q2 2025 was $8.5 million, up from $5.3 million in Q2 2024, marking a 60.4% year-over-year increase [2] - Net interest income rose to $23.6 million, a 10.8% increase from $21.3 million in Q2 2024 [2] - Return on average equity (annualized) improved to 10.88%, up 3.48 percentage points from 7.40% in the previous year [2] - Non-performing assets increased to $27.4 million, a 52.8% rise from $17.9 million in Q2 2024 [2] Business Overview - Citizens Financial Services is a community-focused bank offering a variety of services including deposit, lending, trust, and brokerage services, with a strong presence in agriculture, manufacturing, and natural resources [3] - The bank's core operations include originating residential and commercial real estate loans and agricultural financing [3] Strategic Focus - Recent strategic efforts have included increasing lending to underserved markets, investing in higher-yielding securities, and enhancing operational efficiency [4] - Key success factors involve growth in net interest income and effective management of credit quality [4] Performance Drivers - The increase in net income for the first half of 2025 was attributed to stronger net interest income, benefiting from rising yields on assets and lower costs of interest-bearing liabilities [5] - The net interest margin widened from 3.15% to 3.47% for the three months ended June 30, 2025, due to a favorable funding mix [5] Credit Metrics - The provision for credit losses decreased to $750,000 from $2.0 million the previous year, reducing the drag on earnings [6] - Non-performing assets as a percentage of loans rose from 0.79% to 1.22% year-over-year, primarily due to acquired loans from the HVB acquisition [6] - A significant commercial real estate loan in central Pennsylvania contributed to increased past due balances, indicating potential credit concentration risk [6] Deposit Base and Funding - Deposits decreased by $89.4 million from December 31, 2024, to June 30, 2025, totaling $2.29 billion [7] - The loan-to-deposit ratio was 97.78% as of June 30, 2025, with borrowed funds rising to $313.2 million [7] Non-Interest Income and Expenses - Non-interest income increased by $329,000 compared to the same period in 2024, driven by gains in selling loans and higher returns from equity securities [8] - Non-interest expenses dropped by $99,000, attributed to a decline in professional and software fees following the divestiture of the Braavo division [9] - The quarterly dividend was raised by 2.1% year-over-year to $0.495 per share [9] Future Outlook - Management did not provide explicit forward financial guidance but emphasized a focus on improving credit quality in acquired commercial real estate loans and careful management of the investment portfolio [10]

Core Insights - OFA Group has signed a Letter of Intent to acquire a 60% controlling interest in Aspire Homes Realty Inc. and its affiliated lending platform, RateDNA, Inc. [1] - The acquisition aims to expand OFA's presence in the resilient sectors of real estate services and specialty lending [4] Company Overview - OFA Group is an integrated architecture and technology firm that provides comprehensive architectural services, including design and fit-out services for commercial and residential buildings [5] - The company is focused on leveraging its architectural design expertise and developing proprietary AI technologies to enhance its services [5] Acquisition Details - RateDNA is a high-growth, vertically integrated real estate and mortgage business backed by AlphaX, serving both residential clients and real estate investors [2] - Aspire Homes offers brokerage services with investment-focused agent training and in-house staging, design, and construction, while RateDNA provides mortgage products tailored to the investor market [3] Strategic Rationale - The COO of OFA Group believes the acquisition represents a compelling opportunity to leverage operational talent to accelerate revenue and enhance cross-platform synergies [4] - The integration of Aspire and RateDNA is expected to create meaningful potential for long-term shareholder value creation [4]

LPL Financial Overview - LPL serves approximately 29,500 advisors with ~$1.8 trillion in assets, positioning itself as the largest independent broker-dealer in the U S and a top custodian[13] - The company's advisor channel manages ~$1.320 trillion, while the institution channel oversees ~$480 billion[13] - LPL's mission is to ensure the success of its clients, striving to be the best firm in wealth management[13] Financial Performance and Growth - LPL's gross profit reached $4.708 billion LTM, demonstrating industry-leading scale[15] - The company's adjusted pre-tax margin is 37%, and adjusted EPS is $17.44 LTM[15] - LPL's total advisory and brokerage assets amounted to $1.795 trillion in Q1'25, with advisory assets comprising 54% of the total[15] - The firm experienced a total organic net new asset (NNA) annualized growth rate of 13 5% LTM[15] Strategic Initiatives and Investments - LPL is focused on horizontal expansion, aiming to serve all ~300,000 advisors in the advisor-mediated marketplace[12, 23] - The company employs a vertical integration strategy, investing in capabilities to enhance the advisor value proposition and drive growth[12, 20] - LPL plans to slow Core G&A growth to +6% to +7 5% in 2025, reflecting greater efficiencies from ongoing investments[53] - The company is making significant investments in technology, with a core technology portfolio spend of ~$465 million in 2024[54] Acquisitions and Capital Management - LPL acquired Atria Wealth Solutions in October 2024, with ~$110 billion in client assets and expects ~$150 million in run-rate EBITDA[109, 110] - The company signed an agreement to acquire Commonwealth Financial Network in March 2025 for ~$2 7 billion, with ~$285 billion in client assets and expects ~$415 million in run-rate EBITDA[116, 118] - LPL's capital management strategy prioritizes investments in organic growth, opportunistic M&A, and returning excess capital to shareholders[73]