TowneBank reported a strong Q2 2026 with net income of $193.19 million, up from $40.89 million a year earlier, driven largely by a $198.55 million gain from selling its Resort Property Management segment. Core earnings excluding this gain were $72.01 million, slightly higher than last year. The bank also saw growth in deposits and maintained strong credit quality despite a slight loan decrease. TowneBank plans to continue expanding its insurance business and Carolinas market presence.
Union Pacific and Canadian National Railway (CN) have signed a binding agreement to improve rail service across North America. The deal expands Union Pacific's operating rights on CN's Elgin, Joliet and Eastern corridor near Chicago and grants CN new...
Oak Valley Bancorp reported a Q2 2026 net income of $5.1 million, slightly down from previous periods due to higher expenses and lower non-interest income. Loan growth and improved loan yields increased net interest income, while non-performing asset...
Moody's Corporation reported strong second-quarter results with adjusted earnings per share of $4.68, beating estimates by over 10%. Quarterly sales rose 15% to $2.19 billion, driven by a 25% revenue increase in Moody's Investors Service and 4% growt...
Guidewire Software, a provider of cloud-based software for property and casualty insurers, is experiencing strong growth due to its successful transition to cloud services. Its revenue grew 27% year-over-year, with subscription and support services n...
Top Wealth Group Holding Limited completed a private investment in public equity (PIPE) transaction, issuing 40 million Class A shares at $2.00 each to nine non-U.S. investors, raising $80 million. The shares are subject to a six-month transfer restr...
