United Bankshares (UBSI -1.23%), a regional banking company with deep roots in commercial lending and a significant presence across the Mid-Atlantic and Southeast regions, reported record results for the second quarter on July 24, 2025. The company delivered higher-than-expected earnings and revenue, posting $0.85 in GAAP earnings per share on $306.0 million in GAAP revenue, both beating analyst expectations of $0.76 and $298.8 million. The quarter saw continued growth from its acquisition strategy and impr ...

FLORENCE, S.C., July 25, 2025 /PRNewswire/ -- First Reliance Bancshares, Inc. (OTC:FSRL), the holding company for First Reliance Bank (collectively, "First Reliance" or the "Company"), today announced its financial results for the second quarter of 2025. Second Quarter 2025 Highlights Rick Saunders, Chief Executive Officer, commented: "Tangible book value per share improved by $1.58 per share over the past year to $10.71, an increase of 17.3%. We grew deposit balances by $27.6 million, or 11.3% annualized, ...

WARSAW, Ind., July 23, 2025 (GLOBE NEWSWIRE) -- Lake City Bank is proud to announce that David M. Findlay, Chairman and Chief Executive Officer, has been named to the Indianapolis Business Journal’s Indiana 250 list for the fourth consecutive year. The annual list recognizes the state’s most influential and impactful leaders across business, philanthropy, the arts, government and not-for-profits. “It’s an honor to be recognized alongside such influential leaders making an impact in our state,” Findlay said. ...

CHARLOTTE, N.C., July 23, 2025 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.28 per share, up $0.02 from the prior quarter. The dividend is payable on September 26, 2025 to shareholders of record as of September 5, 2025.The Board also authorized a new $40 billion common stock repurchase program, effective August 1, 2025, to replace the company's current program, which will expire on that dat ...

Market Overview - The stock market reached new highs as Wall Street reacts positively to the start of the second-quarter earnings season, with many companies exceeding lowered estimates due to tariffs [1] - Management commentary on current business trends has been favorable, enhancing earnings expectations for Q3 and beyond [2] - The improving earnings outlook, along with projections of potential Federal Reserve rate cuts in the second half of the year, creates a bullish environment extending beyond July [2] Investment Opportunities - Investors are encouraged to consider adding exposure to highly-ranked cheap stocks trading for $10 or less, which are driven by improving earnings outlooks [3] - Stocks priced under $10 are seen as having potential, especially those with strong Zacks Ranks (1 Strong Buys or 2 Buys) [3][9] Penny Stocks - The SEC defines penny stocks as those trading for less than $5, which are often avoided by investors due to their speculative nature [4] - Penny stocks typically trade infrequently and exhibit wide bid/ask spreads, leading to excessive volatility, although some can perform exceptionally well [5] Stocks Under $10 - Stocks in the $5 to $10 range are generally considered less risky than penny stocks, and investors may be more familiar with these companies [6] - A selective approach can yield winning stocks under $10, with specific screening parameters to identify potential investments [7][10] Featured Stock: PaySign, Inc. (PAYS) - PaySign, Inc. specializes in prepaid card programs and is projected to grow its revenue by 24% in 2025 and 11% in the following year, with a historical average sales expansion of 25% over the past four years [13] - The company is expected to see a significant increase in adjusted earnings, projected to grow by 400% in 2025 from $0.07 to $0.35, and further to $0.47 the next year [13] - PaySign's stock has surged 270% in the past three months, currently trading around $8.05, which is 5% below its recent peaks and 55% under its all-time highs from summer 2019 [13][15] - The stock trades at a 15% discount compared to its industry average, indicating potential value [14]

Core Insights - Ally Financial reported strong Q2 2025 earnings, with adjusted EPS of $0.99 exceeding estimates of $0.81 and revenue of $2,064 million surpassing the consensus of $2,038 million, reflecting a 36% increase in adjusted EPS year-over-year [1][2] - The sale of its credit card business in April 2025 allowed the company to enhance its capital ratios and focus on core strengths, resulting in a net income attributable to common shareholders of $324 million, up from $191 million in Q2 2024, marking a 69.6% increase [1][2][5] Financial Performance Metrics - Adjusted EPS (Non-GAAP) reached $0.99, a 35.6% increase from $0.73 in Q2 2024 [2] - GAAP EPS was reported at $1.04, up 67.7% from $0.62 in the previous year [2] - Revenue (GAAP) was $2.1 billion, a 4.0% increase from $2.02 billion in Q2 2024 [2] - Adjusted tangible book value per share increased by 13.0% to $37.30 from $33.01 a year ago [2] Business Strategy and Focus - Ally Financial has shifted its strategy to concentrate on core areas such as Dealer Financial Services, Corporate Finance, and Deposits, following the divestiture of non-core businesses [4] - The company aims to maintain prudent credit standards, leverage technology for customer acquisition, manage costs effectively, and preserve capital buffers to remain competitive [4] Segment Performance Highlights - In the Auto Finance segment, GAAP pre-tax income fell by $112 million year-over-year to $472 million, attributed to lower lease gains, while consumer auto loan originations increased to $11.0 billion from a record 3.9 million applications [6] - The Insurance segment reported a GAAP pre-tax profit of $28 million, an improvement of $68 million from the previous year, with written premiums rising to $349 million, a 2% increase [7] - Corporate Finance pre-tax income was $96 million, down $13 million from last year, with a focus on secured lending to mid-sized businesses [8] Digital Banking Growth - Retail deposits totaled $143.2 billion, up $1.1 billion year-over-year, with 92% of retail deposits insured by the federal government [9] - The company added 30,000 net new customers, bringing the total to 3.4 million, marking 65 consecutive quarters of retail deposit customer growth [10] - The net interest margin (non-GAAP) rose by 10 basis points to 3.45%, aided by successful deposit repricing and a favorable funding mix [11] Cost Management and Provisions - Provision for credit losses decreased by $73 million to $384 million, driven by the sale of the credit card business and lower retail auto net charge-offs [12] - Controllable expenses have declined for the seventh consecutive year-over-year quarter, indicating effective cost management [12] Future Outlook - The company expects to offset headwinds from the sale of the credit card business through strategic deposit repricing and funding improvements [15] - No changes to the forward dividend policy were announced, maintaining a quarterly payout of $0.30 per share [16]

PLANO, Texas, July 18, 2025 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced that it plans to report financial results for its second quarter ended June 30, 2025 on Wednesday, July 30, 2025, after the market close.Alkami will host a conference call at 5:00 p.m. ET the same day to discuss its financial results with investors. A live webcast of the event will be available on the A ...

HOUSTON and CORPUS CHRISTI, Texas, July 18, 2025 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB) ("Prosperity"), the parent company of Prosperity Bank®, and American Bank Holding Corporation ("American"), the parent holding company of American Bank, N.A. ("American Bank"), headquartered in Corpus Christi, Texas, today jointly announced the signing of a definitive merger agreement whereby Prosperity will acquire American and American Bank. American Bank operates eighteen (18) banking offices and two ...

WARSAW, Ind., July 17, 2025 (GLOBE NEWSWIRE) -- Lake City Bank is pleased to announce the acquisition of a property located at 6388 Mills Drive in Whitestown, Indiana. The bank will renovate the existing structure at this location into a full-service branch that is expected to open in 2026, expanding the bank’s footprint into Boone County. "Lake City Bank has experienced exceptional growth in the Indianapolis Region since opening our first branch in the market in 2011. Boone County represents an emerging ec ...

Core Insights - Towpath Credit Union has successfully completed a comprehensive digital transformation using Alkami's Digital Banking Platform, enhancing member experience and operational efficiency [1][4] - The credit union's product adoption increased from 1.7 to 2.45 products per member, with a year-over-year revenue growth of 15% [4] - Towpath is utilizing Alkami's Data & Marketing Solution to improve member engagement through targeted campaigns, resulting in over 800 members switching to e-documents and generating approximately $2.6 million in auto loan business [2][4] Company Overview - Alkami Technology, Inc. is a leading provider of cloud-based digital banking solutions for financial institutions in the U.S., focusing on enabling clients to grow and adapt quickly [6] - Towpath Credit Union serves over 26,000 members, offering a full range of financial services and emphasizing community-focused financial opportunities [7] Strategic Initiatives - Towpath's leadership aimed to eliminate digital limitations and provide a seamless experience that competes with larger financial providers while maintaining personal service [3][4] - The credit union's enhanced digital tools include integrated card controls, credit score monitoring, transaction enrichment, and account aggregation, fostering deeper member relationships [4][5]