MICHIGAN CITY, Ind., Jan. 02, 2026 (GLOBE NEWSWIRE) -- Horizon Bancorp, Inc. (“Horizon” or the “Company”) will host a conference call at 7:30 a.m. CT on Thursday, January 22, 2026, to review its fourth quarter 2025 financial results. The Company’s fourth quarter 2025 news release will be published after markets close on Wednesday, January 21, 2026. It will be available at investor.horizonbank.com. Participants may access the live conference call on January 22, 2026, at 7:30 a.m. CT (8:30 a.m. ET) by dialing ...

Core Insights - Huntington National Bank has opened its first full-service branches in Charleston and Greenville, South Carolina, as part of a strategy to launch approximately 55 branches across North and South Carolina [1][2] - The bank aims to enhance customer service and community engagement through these new locations, which offer teller services, personal banking, and ATM access [1][2] - Huntington's recent acquisition of Cadence Bank for $7.4 billion is expected to significantly increase its operational scale, particularly in Texas and Mississippi, and position it among the top 10 banks in the US by size [3][4] Expansion Strategy - The Charleston branch is located at 677 King Street, while the Greenville branch is at 606 South Main Street [1] - Huntington previously opened its first South Carolina branch in Spartanburg and its first North Carolina branch in Charlotte's SouthPark district earlier this year [3] - The bank's commitment to the Upstate region is emphasized by local market leaders expressing pride in the new branches [2] Acquisition and Growth - The acquisition of Cadence Bank, which has over 390 locations, is projected to enhance Huntington's footprint and operational capabilities [3][4] - Following the merger with Veritex Holdings, Huntington anticipates pro forma assets of $276 billion and deposits totaling $220 billion [4] - Job cuts are expected at Cadence Bank post-acquisition, although the number of positions affected has not been disclosed [4][5]

Core Insights - Royal Bank of Canada (RY) is the largest bank in Canada, with operations in personal banking, business banking, wealth management, insurance, and capital markets [1] Company Overview - RY operates globally, indicating a diverse market presence and potential for growth in various financial sectors [1] - The focus on small- to mid-cap companies suggests that RY may also be involved in investment opportunities that are often overlooked by larger investors [1]

Core Insights - Royal Bank of Canada (RBC) is the largest bank in Canada, with operations in personal banking, business banking, wealth management, insurance, and capital markets [1] Company Overview - RBC operates globally, providing a wide range of financial services [1] - The focus of the analysis is primarily on small- to mid-cap companies, but large-cap companies like RBC are also considered for a broader market perspective [1]

Core Points - First Foundation Inc. will release its third quarter 2025 earnings results on October 30, 2025, before the market opens [1] - CEO Thomas C. Shafer will host a discussion regarding the financial results and recent activities at 11:00 AM ET on the same day [2] - The earnings call will be accessible via a live webcast and telephone for participants wishing to engage in the Q&A session [3][4] Company Overview - First Foundation Inc. operates through two wholly owned subsidiaries, First Foundation Advisors and First Foundation Bank, providing a range of financial services including personal banking, business banking, and private wealth management [6] - The company differentiates itself by offering a comprehensive platform of financial products combined with a high level of personalized service, which is more aligned with community banks and boutique wealth management firms [6]

Core Insights - UMB Financial reported strong Q2 2025 earnings, with Non-GAAP EPS at $2.96, exceeding consensus estimates of $2.37, and GAAP revenue reaching $689.2 million, surpassing estimates by $53.3 million, largely due to the acquisition of Heartland Financial USA, Inc. [1][2] Financial Performance - Non-GAAP EPS increased by 37.0% year over year from $2.16 in Q2 2024 [2] - GAAP EPS rose by 36.2% year over year from $2.07 in Q2 2024 [2] - Revenue grew by 76.7% year over year from $390.0 million in Q2 2024 [2] - Net interest income surged by 90.5% year over year to $467.0 million, up from $245.1 million in Q2 2024 [2] - Net operating income (Non-GAAP) increased by 112.9% year over year to $225.4 million from $105.9 million in Q2 2024 [2] Business Expansion and Integration - The acquisition of Heartland Financial significantly expanded UMB's branch network and deposit base, doubling its presence in new states [4] - Loans grew by 52.9% year over year to an average of $36.4 billion, while average deposits increased by 62.1% to $55.6 billion [5] Revenue Composition - Revenue growth was supported by nonrecurring investment gains, including $37.7 million in pre-tax gains from private investments, with $29.4 million from Voyager Technologies, Inc. [6] - Fee-based income grew solidly, with trust and securities processing up by 18.9% year over year and brokerage fees increasing by 46.4% year over year [6] Profitability Metrics - Net interest margin improved to 3.10% from 2.51% in the prior year, although management expects it to revert to a lower core level over time [7] - Operating efficiency ratio improved from 61.86% in Q2 2024 to 51.48% in Q2 2025, despite a 57.9% increase in GAAP noninterest expenses [8] Credit Quality - Net charge-offs were at 0.17% of average loans, with nonperforming loans at 0.26% of total loans, indicating stable credit metrics [9] Segment Performance - Commercial banking net income nearly doubled to $139.8 million from $71.7 million in Q2 2024 [10] - Institutional banking net income rose by 28% to $54.4 million [10] - Personal banking turned profitable with a net income of $23.3 million, recovering from a loss in Q2 2024 [10] Balance Sheet Strength - Total assets increased to $71.8 billion as of June 30, 2025, up 61.4% from a year earlier [11] - Book value per share (GAAP) rose to $90.68, while tangible book value per share (non-GAAP) decreased to $59.80 due to higher goodwill from the acquisition [11] Future Outlook - Management anticipates full cost and revenue synergies from the Heartland acquisition to materialize in Q4 2025 and into 2026 [12] - Core net interest margin is expected to move toward 2.75% to 2.80% as temporary effects fade [12]

Core Insights - 1st Source reported Q2 2025 earnings per share (GAAP) of $1.51, exceeding analyst expectations of $1.47, while provisions for credit losses increased due to higher net charge-offs in auto and truck portfolios [1][2][7] Financial Performance - Q2 2025 revenue (GAAP) reached $108.25 million, an 11.3% increase from $97.27 million in Q2 2024 [2] - Net interest income (GAAP) rose to $85.19 million, a 15.0% increase year-over-year, driven by higher loan balances and improved net interest margin of 4.01% [2][5] - Average loans and leases grew to $6.97 billion, up 5.48% year-over-year, with significant growth in Commercial and Agricultural, Renewable Energy, and Construction Equipment portfolios [5] - Noninterest income (GAAP) was relatively flat at $23.06 million compared to Q2 2024, impacted by lower insurance commissions and equipment rental income [6] Asset Quality and Risk Management - Provisions for credit losses (GAAP) more than doubled to $7.69 million from $3.27 million in Q1 2025, with net charge-offs rising to $1.87 million [7] - Nonperforming assets as a share of loans and leases increased to 1.06%, primarily due to issues in the auto and light truck segment [7] - The allowance for loan and lease losses rose to $163.48 million, representing 2.30% of total loans and leases [7] Capital and Deposits - Average deposits increased by 2.3% to $7.35 billion, although noninterest-bearing deposits declined [8] - The bank's Common Equity Tier 1 ratio stood at 14.60%, indicating a strong capital base [8] - Tangible book value per share increased to $45.44 from $39.16 in Q2 2024 [8] Dividend and Outlook - The quarterly dividend was raised by 5.6% to $0.38 per share [10] - Management expressed confidence in the bank's balance sheet and liquidity, while acknowledging ongoing economic uncertainty and the need to monitor asset quality [10][11]

Core Viewpoint - Washington Trust Bancorp, Inc. reported a positive performance in the second quarter of 2025, with net income increasing to $13.2 million, reflecting growth in net interest income, wealth management revenue, and mortgage banking revenue, while maintaining a well-capitalized position [1][2]. Financial Performance - Net income for Q2 2025 was $13.2 million, or $0.68 per diluted share, up from $12.2 million, or $0.63 per diluted share in Q1 2025 [1]. - Adjusted net income for Q1 2025 was $11.8 million, or $0.61 per diluted share [1]. - Net interest income for Q2 2025 was $37.2 million, an increase of $763 thousand, or 2%, from Q1 2025 [3]. - Noninterest income decreased to $17.1 million in Q2 2025, down by $5.6 million, or 24.6%, from Q1 2025 [3]. - Noninterest expense totaled $36.5 million in Q2 2025, down by $5.7 million, or 13%, from Q1 2025 [4]. Income Tax and Provision for Credit Losses - Income tax expense for Q2 2025 was $3.9 million, with an effective tax rate of 22.7%, compared to $3.5 million and 22.3% in Q1 2025 [5]. - A provision for credit losses of $600 thousand was recognized in Q2 2025, down from $1.2 million in Q1 2025 [6][13]. Wealth Management and Mortgage Banking - Wealth management revenues increased by 2% in Q2 2025, totaling $10.1 million [6]. - Mortgage banking revenues rose by 32% in Q2 2025, amounting to $3.0 million, reflecting a higher volume of loans sold to the secondary market [6][30]. Loans and Deposits - Total loans reached $5.1 billion at the end of Q2 2025, up by 1% from Q1 2025 [8]. - In-market deposits amounted to $5.0 billion, also up by 1% from Q1 2025 [8]. Asset Quality - Nonaccrual loans were $26.1 million, or 0.51% of total loans, at the end of Q2 2025, compared to $21.6 million, or 0.42% in Q1 2025 [10]. - Past due loans increased to $14.0 million, or 0.27% of total loans, from $10.2 million, or 0.20% in Q1 2025 [11]. Capital and Dividends - Total shareholders' equity was $527.5 million at the end of Q2 2025, up by $5.8 million, or 1%, from Q1 2025 [14]. - A quarterly dividend of 56 cents per share was declared for Q2 2025 [15]. Conference Call - Washington Trust will host a conference call on July 22, 2025, to discuss its second quarter results and outlook [16].

Core Viewpoint - Horizon Bancorp, Inc. will host a conference call on July 24, 2025, to discuss its second quarter 2025 financial results, with the news release published on July 23, 2025 [1]. Group 1: Conference Call Details - The conference call is scheduled for 7:30 a.m. CT (8:30 a.m. ET) on July 24, 2025, and participants can join by dialing specific numbers based on their location [2]. - A telephone replay of the conference call will be available approximately one hour after the call ends, accessible until August 1, 2025, with a designated access code [3]. Group 2: Company Overview - Horizon Bancorp, Inc. is a commercial bank holding company with $7.6 billion in assets, serving customers in the Midwest through digital tools and physical branches in Indiana and Michigan [4]. - The company offers a variety of retail banking services, including residential and secured consumer lending, personal banking, and wealth management solutions [4]. - Horizon Bancorp also provides business banking and treasury management services, with commercial lending making up over half of its total loans [4].

Core Insights - Tech CU has appointed Jean Barbagelata to its Board of Directors, where she will serve on the Compensation Committee and the Nominating and Governance Committee [1] - Jean Barbagelata has over 30 years of experience in senior leadership roles, particularly in scaling technology companies and fostering inclusive cultures [1][3] - Her previous role as Chief People Officer at Matterport, Inc. saw the company grow revenue by 400% and successfully navigate its IPO in 2021 [2] Company Overview - Tech CU is a $4.7 billion credit union based in the Bay Area, serving over 200,000 members across the United States [4] - The organization is a federally insured not-for-profit, focusing on delivering superior rates, lower fees, and outstanding member benefits for over 60 years [4] - Tech CU offers a range of financial products, including personal banking, wealth management, private banking, commercial lending, and business banking [4]