Financial Data and Key Metrics Changes - The company reported net earnings of $243 million for the second quarter, reflecting a 28% improvement year-over-year and a 44% increase compared to the first quarter [6][9] - The efficiency ratio improved to 62.2%, and the net interest margin increased for the sixth consecutive quarter to 3.17% [10][12] - Average customer deposits increased by 0.5% year-over-year but decreased by 1.4% on a linked quarter basis [10][18] - Average loans grew by 5.6% on an annualized linked quarter basis and 3.7% year-over-year [10][17] Business Line Data and Key Metrics Changes - The company experienced a 91% increase in the number of loans booked through the SBA program in the first nine months of the fiscal year compared to the previous year [8] - Customer-related non-interest income was $164 million, a 4% increase on a linked quarter basis and a 7% increase year-over-year [14] - Adjusted non-interest expenses decreased by $12 million compared to the prior year, reflecting lower technology costs [15] Market Data and Key Metrics Changes - The company noted a decline in average broker deposits by 8% and a decrease in total average deposits by 0.9% due to seasonal customer deposit outflows [18] - Non-performing assets remained low at 0.51% of loans and other real estate owned [21][23] Company Strategy and Development Direction - The company is focusing on growing customer relationships, particularly in small business banking, and has launched a consumer gold account offering aimed at the mass affluent market [7][8] - The management is optimistic about the potential for growth, citing reduced tariff-related risks and a more favorable economic outlook [6][29] - The company is exploring opportunities in capital markets, including M&A advisory work and launching an oil and gas derivatives business [108] Management's Comments on Operating Environment and Future Outlook - Management expressed a more positive outlook compared to the previous quarter, attributing it to reduced uncertainty in the macro environment and a more flexible administration regarding tariffs [29][31] - The company expects continued growth in net interest income and customer-related fee income, supported by increased customer activity and new client acquisition [13][15] Other Important Information - The company recorded a negative provision for credit losses of $1 million, reducing the allowance for credit losses by $11 million relative to the prior quarter [22] - The common equity Tier one ratio was reported at 11%, indicating strong capital levels [25] Q&A Session Summary Question: What are you hearing from clients in the small business and middle market side? - Management noted that while some businesses are being hurt by tariffs, others see opportunities, leading to a more optimistic outlook compared to the previous quarter [29][31] Question: Are you seeing any elevated competition on the deposit side? - Management acknowledged a competitive market for deposits but emphasized a focus on maintaining margin while growing the deposit base [32][34] Question: Can you provide color on the increase in loan growth? - Loan growth was solid, primarily driven by commercial and industrial loans, with increased utilization and new originations contributing significantly [40][41] Question: Can you discuss the potential benefits of deregulation for the company? - Management highlighted the potential benefits of tiering in regulatory requirements, which could positively impact the company's operations and M&A strategy [45][47] Question: What is the outlook for your capital markets business? - The capital markets business is growing nicely, with expectations to double in size over the next few years, driven by loan syndications and new service offerings [106][108]

Financial Data and Key Metrics Changes - The company reported second quarter net earnings of $243 million, reflecting a 28% improvement over the prior year period and a 44% increase compared to the first quarter [5][7] - The efficiency ratio improved to 62.2%, and the net interest margin increased for the sixth consecutive quarter to 3.17% due to lower funding costs and an improved earning asset mix [8][12] - Average customer deposits increased by 0.5% year-over-year but decreased by 1.4% on a linked quarter basis [9] - Average loans grew by 5.6% on an annualized linked quarter basis and 3.7% year-over-year [10][17] Business Line Data and Key Metrics Changes - The company experienced a 91% increase in the number of deals booked through the SBA seven program in the first nine months of the fiscal year compared to the same period last year [6] - Customer-related non-interest income was $164 million for the quarter, a 4% increase on a linked quarter basis and a 7% increase year-over-year [13] - Adjusted non-interest expenses decreased by $12 million compared to the prior year, reflecting lower technology costs [14][15] Market Data and Key Metrics Changes - The company noted stability in non-interest bearing deposits at 34% of total deposits [9] - Average non-interest bearing deposits grew approximately $480 million or 2% compared to the prior quarter [18] Company Strategy and Development Direction - The company is focusing on growing customer relationships, particularly in small business banking, and has launched a consumer gold account offering in the Nevada market [6][7] - The management is optimistic about the potential for growth in the outlook, citing reduced tariff-related risks and a more favorable economic environment [5][31] Management's Comments on Operating Environment and Future Outlook - Management expressed a more positive outlook compared to the previous quarter, noting that the economy is weathering challenges better than anticipated [32] - The company expects continued growth in net interest income and customer-related fee income for 2026, supported by increased customer activity and new client acquisition [12][14] Other Important Information - The allowance for credit losses as a percentage of loans and leases declined to 1.2%, with non-performing assets remaining low at 0.51% [21][24] - The common equity Tier one ratio was reported at 11%, indicating strong capital levels [24] Q&A Session Summary Question: What are you hearing from clients in the small business and middle market side? - Management noted a more positive sentiment among clients due to reduced uncertainty in the macro environment and some businesses seeing opportunities despite challenges [30][31] Question: Are you seeing any elevated competition on the deposit side? - Management acknowledged a competitive market for deposits but emphasized a focus on maintaining margin while growing the deposit base [33][34] Question: Can you provide color on the increase in loan growth? - Loan growth was solid, primarily driven by commercial and industrial loans, with increased utilization and new originations contributing significantly [41][42] Question: Can you discuss the potential benefits of deregulation for the company? - Management highlighted the potential benefits of tiering in regulatory requirements and expressed a strategic approach to M&A, focusing on organic growth [46][49] Question: What is the outlook for capital markets business? - The capital markets business is growing nicely, with expectations to double in size over a four to five-year period, driven by various segments including loan syndications and M&A advisory work [110][111]

LOS ANGELES, July 21, 2025 (GLOBE NEWSWIRE) -- RBB Bancorp (NASDAQ:RBB) and its subsidiaries, Royal Business Bank (the “Bank”) and RBB Asset Management Company (“RAM”), collectively referred to herein as the “Company,” announced financial results for the quarter ended June 30, 2025. Second Quarter 2025 Highlights Net income totaled $9.3 million, or $0.52 diluted earnings per shareReturn on average assets of 0.93%, compared to 0.24% for the quarter ended March 31, 2025Net interest margin expanded to 2.92%, u ...

Conference Call Scheduled for 9:00 am ET on Thursday, July 31, 2025NEW YORK, July 21, 2025 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ: MFIN, the “Company”), a specialty finance company that originates and services loans in various consumer and commercial industries, as well as loan products and services offered through fintech strategic partners, announced today that it will report its financial results for the quarter ended June 30, 2025, after market close on Wednesday, July 30, 2025. Live Conf ...

Americans are feeling optimistic about the economy as consumer sentiment hit a five-month high in July. Rising consumer sentiment bodes well for household spending in the coming months. It is expected to have a positive impact on the consumer discretionary sector, which attracts a major portion of the spending. Investors can tap the encouraging trend in the basket form through consumer discretionary ETFs like Consumer Discretionary Select Sector SPDR Fund (XLY) , Vanguard Consumer Discretionary ETF (VCR) , ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Sty ...

Financial Performance - Verizon Communications reported revenue of $34.5 billion for the quarter ended June 2025, reflecting a 5.2% increase year-over-year [1] - Earnings per share (EPS) for the quarter was $1.22, up from $1.15 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $33.58 billion by 2.76%, and EPS also surpassed the consensus estimate of $1.18 by 3.39% [1] Key Metrics - Consumer wireless retail postpaid accounts reached 32.55 million, slightly above the estimated 32.5 million [4] - Fios Internet connections totaled 7.2 million, just below the average estimate of 7.23 million [4] - Business wireless retail postpaid connections were 30.95 million, below the estimated 31.18 million [4] - The churn rate for wireless retail postpaid was 1.6%, higher than the estimated 1.4% [4] Revenue Breakdown - Operating revenues for Consumer reached $26.65 billion, exceeding the estimate of $25.69 billion, representing a 6.9% increase year-over-year [4] - Operating revenues for Business were $7.28 billion, slightly above the estimate of $7.26 billion, showing a minor decrease of 0.3% year-over-year [4] - Consumer service revenues were $20.26 billion, compared to the estimate of $20.23 billion, marking a 5.5% year-over-year increase [4] - Consumer wireless equipment revenues surged to $5.37 billion, significantly above the estimate of $4.49 billion, reflecting a 29.6% year-over-year increase [4] - Consumer other revenues were $1.02 billion, below the estimate of $975.87 million, indicating a 35.3% year-over-year decline [4] - Business markets and other revenues were $3.35 billion, exceeding the estimate of $3.22 billion, with a 4.5% year-over-year increase [4] - Enterprise and public sector revenues were $3.44 billion, slightly below the estimate of $3.48 billion, showing a 3.1% year-over-year decline [4] - Wholesale revenues were $494 million, below the estimate of $552 million, reflecting a 10.5% year-over-year decrease [4] Stock Performance - Verizon's shares have returned -2.1% over the past month, contrasting with the Zacks S&P 500 composite's +5.4% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

The Consumer Discretionary Select Sector SPDR® Fund ETF (NYSEARCA: XLY ) underperformed so far in 2025, amid the economic headwinds, higher rates and other external issues. However, trends are likely to improve in the second half of 2025, supported by a decliningKomal is passionate about finance and the stock market. She enjoys forecasting future market trends using a fundamental and technical approach with a focus on both short- and long-term horizons. She intends to provide unbiased analysis to assist inv ...

上周IPO企业名单 | 9 IPOs During the Week of July 14th, 2025 | | | | | | | --- | --- | --- | --- | --- | --- | | Issuer | Deal | Market Cap | Price vs. | First Day | Return | | Business | Size | at IPO | Midpoint | Return | at 07/18 | | Almonty Industries (ALM) | S90M | $1,195M | 0% | +6% | +1% | | Canadian producer of tungsten concentrate for the defense industry. | | | | | | | Solarius Capital Acq. (SOCAU) | S150M | $205M | 0% | +0% | +1% | | Blank check company targeting asset and wealth management businesses. ...

Simmons First National (SFNC 2.03%), a regional bank focused on retail and commercial banking services, reported its earnings on July 17, 2025. The big news: Non-GAAP earnings per share reached $0.44, exceeding analyst expectations of $0.39 (non-GAAP). However, revenue came in at $214.2 million, slightly below the $216.66 million consensus forecast (non-GAAP). The quarter showed progress in profitability, margin expansion, and efficiency, but also revealed a continued slow pace of growth and a gradual rise ...