Orange County Bancorp posted record second quarter earnings with net income rising 30.6% to $13.7 million, or $1.02 per share, compared to $10.5 million a year earlier. The growth was fueled by a 5.2% increase in total deposits to $2.4 billion, a 38 basis point rise in net interest margin to 4.44%, and a one-time tax valuation allowance reversal. Loan balances remained stable at around $2 billion despite higher prepayments, while the bank reduced its cost of deposits significantly. The company remains optimistic about future growth, supported by a strong loan pipeline and stable wealth management division.
Joseph Devivo, CEO of Butterfly Network, sold 68,346 shares of the company. Insider sales like this can indicate personal financial decisions or strategic moves regarding the company's stock. Investors often watch such transactions closely as they ma...
Chip stocks declined this week not because of any industry-specific news but due to the 30-year Treasury yield reaching its highest level in 19 years. Rising long-term yields often pressure growth stocks like chipmakers, as higher rates increase borr...
XPeng Inc., a Chinese electric vehicle maker, is preparing to release its Q2 2026 earnings report with analysts expecting a loss of $0.06 per share but revenue of $3.02 billion. The company competes with Tesla, Nio, and Li Auto in the smart EV market...
Hunting PLC reported a 6% revenue decline to $497 million and a 12% drop in EBITDA to $62.1 million for H1 2026. Strong performance in the Subsea and Perforating Systems segments partially offset weaker results elsewhere. The company lowered its 2026...
PDD Holdings Inc. will report its Q2 2026 earnings on August 24, with expected EPS of $2.72 and revenue around $16.94 billion. Despite recent stock gains, analysts have mixed views, including an Underperform rating from BNP Paribas and a downgrade by...
