Financial Performance - Net income available to common shareholders was $1.2 billion[18] - Diluted EPS was $0.90, including $0.02 of restructuring charges and $0.01 of losses on certain investment securities sold[18] - Adjusted revenue increased by 2.1% compared to the previous quarter[40] - Average loans increased by 2.0% linked quarter[41] - Average deposits increased by 2.1% linked quarter[44] Business Segments - Consumer & Small Business Banking net interest income was $2.4 billion, up $74 million or 3.2% from the prior quarter[74] - Wholesale Banking average loans increased by $2.6 billion, or 1.5%, primarily related to an increase in C&I balances[78] - Wholesale Banking average deposits increased by $5.4 billion, or 3.7%, related to large, short-term client inflows[78] Digital Growth - Digital share of new-to-bank clients reached 43%, a +900 bps increase[26] - Digital transactions increased by 9% to 87 million[32] - Zelle transactions increased by 19% to 38 million[32] Capital and Credit Quality - CET1 ratio was 11.0%[18] - The company repurchased $750 million of common stock and is targeting $500 million in 3Q25[19] - Net charge-offs (NCOs) were 0.51%[18] Outlook - The company expects adjusted revenue to increase by 2.5% to 3.5% in 3Q25 compared to 2Q25[68] - The company expects adjusted expenses to increase by approximately 1% in 3Q25 compared to 2Q25[68]

H1 2025 Performance - Audioboom's gross revenue reached $35.1 million, a 3% increase compared to H1 2024[8] - Gross profit increased by 30% to $7.4 million compared to H1 2024[8] - Adjusted EBITDA saw a significant increase of 500% to $1.8 million compared to H1 2024[8] - Showcase revenue grew by 24% year-on-year[9] Updated Outlook & Adelicious Acquisition - Market expectations for 2025 are upgraded to $83.2 million of revenue and $4.9 million adjusted EBITDA following the Adelicious acquisition[9] - The acquisition of Adelicious is expected to add 20 million monthly downloads and 5 million unique listeners to Audioboom[56] - Audioboom expects to recognize $3.2 million of Adelicious's 2025 revenue in FY 2025[33, 53] - Updated 2026 market expectations include revenue of $94.5 million and adjusted EBITDA of $7.2 million[53] Strategic Initiatives - Audioboom initiated its M&A strategy with the acquisition of Adelicious Ltd at a <1X revenue multiple[2] - The acquisition of Adelicious creates the 2nd largest podcast network in the UK[2] - Brand investment in podcasting is 4.5X higher on a per capita basis in the USA than the UK[40]

Acquisition Highlights - doValue will acquire 100% of coeo Group from Waterland Private Equity for €350 million upfront cash consideration (including repayment of coeo’s debt) plus up to €40 million earnout in 2028[14, 15] - The acquisition is expected to be financed with a c €325 million bridge-to-bond facility[15] - The acquisition is expected to close by January 2026[14, 55] Strategic Rationale - The acquisition accelerates doValue's growth, diversification, and digital transformation, enabling it to evolve into a long-term high-growth company[15] - coeo's digital capabilities will accelerate the development of doValue's digital platform and its ability to compete in the non-financial receivables space[27] - The acquisition provides access to the high-growth BNPL and e-commerce markets, which are de-correlated from the macro cycle and NPE volumes[27, 29] - The acquisition diversifies doValue's business into the non-financial receivables segment, with non-NPL revenues expected to reach approximately 55% of Group revenues by 2026[11, 50] Financial Impact - The acquisition is expected to result in superior earnings accretion, exceeding 30% in 2027, excluding synergies[15, 45] - coeo's revenue contribution in 2024 was €182 million, with a growth of 38%[44, 47] - coeo's EBITDA contribution in 2024 was €75 million, with a growth of 45%[47] - Post-transaction, leverage is expected to increase to approximately 2.5x in 2025, with deleveraging down to approximately 2.2x in 2026 and 1.7x in 2027[15, 46]

Company Overview - Nordnet is a leading Nordic broker with 2.23 million customers across 4 Nordic countries as of June 2025 [5] - The company's savings capital reached SEK 1,064 billion as of June 2025 [5] - Nordnet facilitated 58 million on-exchange trades in LTM 2Q25 [5] Market Position and Strategy - Nordnet holds the 1 market share in the Nordics among online platforms [10] - The company aims to grow within the Saver segment, targeting the 1 choice for savers by focusing on funds, pension, and ease of use [20] - Nordnet intends to maintain dominance within the Investor segment by enhancing its platform and products [20] Financial Performance and Targets - Nordnet's adjusted revenue for LTM 2Q25 was SEK 5,231 million, representing a CAGR of 25% since 2019 [39] - The company's adjusted operating expenses for LTM 2Q25 were SEK 1,553 million [54] - Nordnet targets customer growth of 13-15% per annum and an average savings capital per customer of around SEK 500k [62] Expansion and Future Growth - Nordnet is planning to launch in Germany in H2 2026, aiming to diversify its business and tap into a large addressable market [67] - The company's strategic ambitions include building the best platform for savings and investments and capturing Nordic growth potential [70] - Nordnet aims to deliver superior shareholder returns through buybacks and a dividend payout ratio of 70% [64]

Project Overview - The Syerston Scandium Project boasts the largest high-grade scandium resource globally and is development-ready[12] - A feasibility study update is underway for the Syerston Scandium Project[12] - The project has a granted Mining Lease (ML1770) and secured water rights[42] Scandium Market Dynamics - Solid oxide fuel cells account for 75% of global scandium demand, followed by aluminum alloys at 20% and semiconductors at 5%[18] - Over 90% of world demand is from US industry, for both civilian and defense applications[18] - China dominates global scandium supply, exceeding the share of many strategic metals[22] - In April 2025, China declared scandium a 'dual-use item', leading to export controls[25] Syerston Resource Estimate - The Syerston Mineral Resource Estimate (JORC 2012) contains a Measured plus Indicated resource of 235 Mt at 408 ppm Sc, containing 9,583 t of Sc[45] - At a 300 ppm Sc cut-off, the Syerston Mineral Resource Estimate (JORC 2012) contains a Measured plus Indicated plus Inferred resource of 603 Mt at 390 ppm Sc, containing 23,554 t of Sc[45] - At a 600 ppm Sc cut-off, the Syerston Mineral Resource Estimate (JORC 2012) contains a Measured plus Indicated plus Inferred resource of 08 Mt at 663 ppm Sc, containing 501 t of Sc[45] Scandium in Aluminum Alloys - Scandium additions of 010%wt to aluminum billet adds between $090 to $180/lb to the cost[33] - Scandium is the most potent alloy for aluminum, enhancing strength, extrudability, corrosion resistance, and weldability[29]

Financial Performance - The company maintained its 2025 outlook, with Q2 performance aligning with expectations[12] - Core FFO/Share for Q2 2025 was $0.59, reflecting a (1.7%) growth[18] - Year-to-date 2025 Core FFO/Share was $1.21, a 3.4% increase[18] - The company projects incremental NOI of $195 million, representing 28% growth[14] Portfolio Performance - Total Portfolio Cash NOI Growth for Q2 2025 was 5.7%[18] - Total Portfolio Net Effective NOI Growth for Q2 2025 was 2.9%[18] - Same Property Cash NOI Growth for Q2 2025 was 3.9%[18] - Same Property Net Effective NOI Growth for Q2 2025 was 1.1%[18] Strategic Capital Allocation - The company executed over 900,000 SF of leasing year-to-date and stabilized 7 projects year-to-date at a 7.4% unlevered yield[12] - The company completed dispositions of 209,000 SF in Q2 2025, generating $82 million in total sales price and an 12.8% unlevered IRR[24] Balance Sheet and Liquidity - The company has a strong balance sheet with 4.0x Net Debt/EBITDAre and $1.8 billion of liquidity[12]

Financial Performance - For the three months ended June 30, 2025, lease revenue was $177468 thousand, compared to $162075 thousand for the same period in 2024[14] - Net income available to common stockholders for the three months ended June 30, 2025, was $55185 thousand, compared to $51318 thousand for the same period in 2024[14] - Funds From Operations (FFO) allocable to common stockholders and unitholders for the three months ended June 30, 2025, was $102800 thousand, compared to $89647 thousand for the same period in 2024[15] - Adjusted Funds From Operations (AFFO) for the three months ended June 30, 2025, was $84160 thousand, compared to $74139 thousand for the same period in 2024[15] Portfolio Composition - As of June 30, 2025, the total number of in-service properties was 414, with a gross leasable area of 68044707 square feet and an occupancy rate of 942%[33] - Same Store NOI Cash Basis (Less Termination Fees) increased by 87% for the three months ended June 30, 2025, compared to the same period in 2024, reaching $121947 thousand[34] Debt Analysis - The total weighted average interest rate on debt outstanding was 410% as of June 30, 2025, compared to 416% as of June 30, 2024[21] - Fixed-rate debt accounted for $2379774 thousand of the total debt outstanding as of June 30, 2025[21] Leasing Activity - For the three months ended June 30, 2025, new leases commenced totaled 411 thousand square feet with a cash basis rent growth of 405%[36] - Tenant retention by square feet was 710% for the three months ended June 30, 2025[36] Outlook - The company estimates Funds From Operations - FFO (NAREIT) to be between $288 and $296 per share/unit for 2025[68]

Financial Performance Highlights - Banner Corporation reported net income of $45.5 million for the second quarter of 2025, slightly up from $45.1 million in the previous quarter[7] - The return on average assets was 1.13%, and the return on average equity was 9.92%, compared to 1.15% and 10.17% respectively in the prior quarter[7] - Net interest margin (tax equivalent) remained steady at 3.92%[7] - The efficiency ratio (GAAP) decreased by 71 basis points to 62.50%, and the adjusted non-GAAP efficiency ratio decreased by 190 basis points to 60.28%[7] Loan Portfolio and Credit Quality - HFI Loan growth reached $547 million year-over-year (5%) and $252 million quarter-over-quarter (9% annualized)[7] - Total loan originations (excluding HFS) amounted to $967 million[7] - The allowance for credit losses was $4.8 million, driven by loan growth and risk rating downgrades; the allowance for credit losses to total loans was 1.37%[7] - Non-performing assets remained low at 0.30% of total assets, a slight increase of 4 basis points from the last quarter[7] Balance Sheet and Capital Management - As of the reporting period, Banner Corporation's assets totaled $16.4 billion, deposits were $13.5 billion, and loans amounted to $11.7 billion[9] - The company announced a dividend of $0.48 per share to be paid in August 2025[7] Strategic Focus and Market Position - Banner Corporation emphasizes its core banking competency, revenue growth, net interest margin protection, careful spending, and moderate risk profile[8, 10] - The company operates in a region with strong population growth, particularly in Idaho (20% projected growth)[11]

Company Overview - Triumph's market capitalization was $1.5 billion as of July 11, 2025 [9] - The company's revenue for the trailing twelve months (TTM) ending June 30, 2025, was $419 million [9] - Net income to common shareholders for the same period was $10.4 million [9] - The U S freight and logistics industry represents a $990 billion market based on gross freight revenue from U S trucking on primary shipments [14] Factoring - Triumph is the 2 transportation factor in the U S [17] - The factoring portfolio turns 10.4x annually [17, 36] - The average discount rate for factoring is 1.37% [17, 33] - Triumph purchased $11 billion in transportation accounts receivable over the last 12 months [33] Payments & Intelligence - Triumph handles payments for 41 of the top 100 freight brokers [24, 44] - Triumph disburses over $155 million every day [24] - Triumph's Network Engagement touches over 63% of all brokered freight [44, 54] - Triumph Intelligence processes $70 billion in annual, verified freight transaction data [28, 54]

Consolidated Results - Net sales remained unchanged at $1,179.4 million, with a 0.7% organic sales decline offset by a 0.7% favorable currency translation[10] - Gross profit was $595.5 million, representing a gross margin of 50.5%, a decrease of 10 bps from the previous year's 50.6%[10] - Operating earnings were $327.3 million, resulting in an operating margin of 25.5%, a decrease from 27.4% in the prior year[10] - Diluted EPS decreased by 6.9% to $4.72[10] Segment Performance - **Commercial & Industrial:** Sales decreased by 6.5% to $347.8 million, with a 7.6% organic sales decline[11] - **Snap-on Tools:** Sales increased by 1.9% to $491.0 million, driven by a 1.6% organic sales increase[12] - **Repair Systems & Information:** Sales increased by 3.0% to $468.6 million, with a 2.3% organic sales gain[13] - **Financial Services:** Revenue increased by 1.2% to $101.7 million, while operating earnings decreased by 2.8%[14] Financial Position - Gross finance portfolio totaled $2,540.8 million[15] - Net debt was $(254.6) million, resulting in a net debt to capital ratio of (4.7)%[17] Cash Flow - Net cash provided by operating activities was $237.2 million[16] - Free cash flow was $191.1 million[16]