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  • MIL-OSI: Mobile vs. Machine: BAY Miner Redefines BTC and XRP Mining in the Post-Halving Era

    Source: GlobeNewswire (MIL-OSI)

    London, UK, July 22, 2025 (GLOBE NEWSWIRE) — With the post-halving reality of Bitcoin now set in, and XRP continuing to gain momentum in institutional finance, BAY Miner has emerged as a revolutionary platform that brings together two realms: new cloud mining and mobile access. The platform is changing the way both novices and experienced investors mine crypto by providing an easy, rapid, and flexible method to earn digital assets.

    The Post-Halving Shift: A New Mining Landscape

    Bitcoin halving will occur in April 2024 in which block rewards will be reduced from 6.25 BTC to 3.125 BTC which will create a more historically difficult environment for mining. Conventional miners will be facing reduced margins and higher fixed costs and will face more competition from other miners competing for the same pool of BTC rewards. Advantageous conditions of mining have gone away and in today’s environment, efficiency, flexibility and accessibility are must-haves not nice-to-haves if you want to be competitive as a miner. 

    BAY Miner’s cloud-based ecosystem provides an opportunity to participate in BTC and XRP mining at little to no hardware, technical know-how or large up-front payments.  The concept is to create a more efficient, intelligent (decentralized) mining solution and ecosystem supporting a BTC and XRP mining landscape for a miner after the halving.

    Democratizing Mining: Power in Your Pocket

    BAY Miner’s mission is clear—make crypto mining accessible to everyone, not just those with warehouses of hardware. Through its mobile-first platform, users can mine Bitcoin and XRP from anywhere in the world with nothing more than a smartphone and an internet connection.

    Mining should be open to all, regardless of tech background or budget. We’ve built a platform that turns crypto mining into a tap-and-earn experience—secure, scalable, and user-friendly.

    Unlike traditional mining setups that demand expensive rigs and constant maintenance, BAY Miner delivers passive income through intelligent cloud contracts. Everything happens in the background—users just watch their balance grow daily.

    How It Works: Cloud Mining, Simplified

    Cloud mining through BAY Miner eliminates the need for physical infrastructure. Users lease computing power from professional data centers operated by BAY Miner, which are equipped with high-performance GPUs and ASIC hardware in countries like the UAE, Canada, and the U.S.

    These centers handle all technical operations. Meanwhile, users control everything from the app—select contracts, monitor returns, and withdraw profits at their convenience.

    BAY Miner Platform Highlights:

    • Mobile-First Interface: Available on Android and iOS for 24/7 access
    • AI-Powered Allocation: Smart algorithms optimize mining performance across multiple pools
    • Support for XRP & BTC: You mine 2 assets and gain 2 streams of earnings
    • Instant Withdrawals: Your profits are paid electronically directly to your wallet (there are no lock-in periods)
    • Safety facility: Enterprise-level safety – complete with global regulatory compliance
    • Support: Access support 24/7 with multilingual agents supportive era very easy to work with customers.

    Post-Halving Mining Strategies: BAY Miner’s Smart Contracts

    Post-halving mining demands smarter strategies and more efficient use of computing resources. BAY Miner achieves this with a variety of customizable contracts suited for different budgets and timelines.

    Popular Mining Plans:

    • BTC Starter Contract
      Investment: $100
      Duration: 2 Days
      Daily Return: $4.00
      Total Return: $108
    • XRP Growth Contract
      Investment: $600
      Duration: 6 Days
      Daily Return: $7.26
      Total Return: $643.56
    • BTC Premium Contract
      Investment: $3,000
      Duration: 10 Days
      Daily Return: $42.50
      Total Return: $3,425

    These packages are designed to offer quick ROI while allowing users to reinvest or diversify based on current market trends. Every contract is backed by BAY Miner’s AI engine, which ensures optimal performance—even when the market fluctuates.

    Why BAY Miner Leads in 2025

    In a saturated market of mining platforms, BAY Miner stands out by combining trust, transparency, and technology. It’s more than just a mining app—it’s a financial tool designed for modern crypto users.

    Key Differentiators:

    • Regulatory Compliance: Licensed operations across key global jurisdictions
    • Transparent Earnings: Real-time monitoring of profits, energy allocation, and contract status
    • Referral Rewards: Incentives for sharing the platform with your network
    • Sustainable Mining: Eco-conscious energy sources power BAY Miner’s facilities

    Users can feel confident that their mining activities are both profitable and ethical.

    Getting Started: Mine Smarter, Not Harder

    The onboarding process is quick and intuitive:

    Step 1: Download the BAY Miner app from Google Play or the App Store
    Step 2: Register using your email or crypto wallet
    Step 3: Choose a contract that fits your investment goal
    Step 4: Start mining immediately—no waiting, no approvals
    Step 5: Track your returns and withdraw your earnings anytime

    Within minutes, users can begin generating passive crypto income with zero complexity.

    The Future of Crypto Mining Is Here

    As BTC and XRP keep playing essential parts in global digital finance, firms such as BAY Miner will shape the future of mining. In a world with a focus on energy efficiency, decentralization, and access, BAY Miner will show the world how mining can be powerful and personal.

    No bulky machines. No technical barriers. Just intelligent mining—made for mobile.

    Official Website: https://www.bayminer.com/
    Contact Email: support@bayminer.com
    App Download: Android & iOS

    Start your cloud mining journey today with BAY Miner. The digital gold rush is back—this time, it fits in your pocket.

    Attachment

    The MIL Network –

  • MIL-OSI: TSplus Expands U.S. Presence with New Boston Office and Strategic Hires

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, July 22, 2025 (GLOBE NEWSWIRE) — TSplus, a global leader in remote access and application delivery solutions, is proud to announce the opening of a new sales office in Boston, Massachusetts. This strategic expansion underscores TSplus’ commitment to better serving its North American clients and partners and strengthening its footprint in the U.S. market.

    As part of this expansion, TSplus has welcomed two new sales engineers to the Boston team. Their addition marks a significant step in the company’s mission to provide high-touch, localized support and technical expertise to enterprise customers across North America.

    “With the opening of our Boston office, we’re entering an exciting new chapter,” said Dominique Benoit, CEO of TSplus. “This investment reflects both our strong growth and our belief in the importance of close collaboration with customers. The addition of two highly skilled sales engineers will enhance our ability to deliver tailored solutions and support the growing demand for secure, affordable remote access technologies.”

    The Boston office will serve as a regional hub for sales, technical consulting, and partner enablement. It positions TSplus to respond quickly to evolving customer needs while continuing to innovate across its suite of remote desktop, application delivery, and cybersecurity products.

    About TSplus
    TSplus is a global software company that specializes in remote access, application publishing, and cybersecurity solutions for businesses of all sizes. With customers in over 150 countries and a network of international partners, TSplus is committed to making remote work secure, simple, and cost-effective.

    Website: https://tsplus.net

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8f34f6ee-866e-4d28-898d-ec1de1b28371

    The MIL Network –

  • MIL-OSI China: China unveils regulations on rural roads

    Source: People’s Republic of China – State Council News

    Chinese Premier Li Qiang has signed a State Council decree that unveils regulations to promote the high-quality development of rural roads so that they meet the needs of advancing rural revitalization across the board and accelerating the modernization of agriculture and rural areas.

    The new regulations, which will go into effect on Sept. 15, stipulate that the development of rural roads must align with China’s coordinated efforts to promote new urbanization and rural revitalization.

    By emphasizing construction, management, maintenance and operation equally, the country aims to gradually improve rural transportation infrastructure networks, making them inclusive, shared, safe, convenient and efficient, according to the regulations.

    The regulations require improvements in the quality of rural road networks and their connectivity to national and provincial highways to aid the integration of urban and rural transportation. Existing rural roads that do not meet the minimum technical grade standards must be upgraded and renovated.

    Additionally, the regulations stipulate the importance of strengthening the management and maintenance of rural roads by clearly defining responsibilities. There will also be a focus on increasing rural roads inspections and investigating safety hazards.

    Local governments at all levels are required to integrate rural road construction with facilities, industrial parks, and tourist attractions along the routes. This will promote the integrated development of rural passenger transport, freight logistics and postal and express delivery services, enhancing the capacity of rural roads to support economic circulation between urban and rural areas.

    MIL OSI China News –

  • MIL-OSI China: China urges US to enhance mutual understanding through dialogue, communication

    Source: People’s Republic of China – State Council News

    China hopes the United States will work with China to enhance mutual understanding, reduce misunderstanding and strengthen cooperation through dialogue and communication, Chinese foreign ministry spokesperson Guo Jiakun said on Tuesday.

    Guo made the comment at a regular news briefing in response to a question concerning China-U.S. economic and trade issues.

    China’s position on tariff issues is consistent and clear, Guo said.

    “We hope the U.S. can work with China to implement the important consensus reached by the two heads of state during their telephone conversation and give full play to the role of the economic and trade consultation mechanism,” he said.

    He called on the U.S. to work with China to promote the stable, healthy and sustainable development of bilateral ties.

    MIL OSI China News –

  • MIL-OSI China: China’s non-banking sector sees 127.3-bln-dollar cross-border capital inflow in H1

    Source: People’s Republic of China – State Council News

    China’s non-banking sector recorded a cross-border capital inflow of 127.3 billion U.S. dollars in the first half of 2025, extending the net inflow trend that began in the second half of last year, data from the State Administration of Foreign Exchange showed on Tuesday.

    During the period, enterprises and individuals in the non-banking sector registered a combined cross-border revenue and expenditure of 7.6 trillion U.S. dollars, a record high for the same period, according to the administration. Notably, around 53 percent of cross-border receipts and payments were denominated in RMB, or Chinese yuan.

    China’s balance of payments remains stable, the administration said, adding that the country’s foreign exchange market continues to operate smoothly and in an orderly manner. 

    MIL OSI China News –

  • MIL-OSI: ODYSIGHT.AI AND A MULTINATIONAL TECHNOLOGY GROUP SIGN STRATEGIC COLLABORATION AGREEMENT AIMED TO DEPLOY PREDICTIVE MAINTENANCE CAPABILITIES ACROSS MULTIPLE PLATFORMS

    Source: GlobeNewswire (MIL-OSI)

    OMER, Israel, July 22, 2025 (GLOBE NEWSWIRE) — Odysight.AI Inc. (NASDAQ: ODYS) is proud to announce a commercial collaboration agreement with a multinational technology group to deploy one or more proof-of-concepts using Odysight.AI’s systems. The initial deployment will focus on select heavy vehicles across the fields of defense, mining, agriculture and heavy autonomous vehicle sectors. This collaboration marks a significant milestone, aimed to expand Odysight.AI’s predictive maintenance technology beyond the aviation vertical at scale in the multinational technology group’s line of products.

    The collaboration agreement follows successful trials of Odysight.AI’s system on a critical aviation component manufactured by the global partner and tested under extreme conditions. The trials, conducted at advanced facilities worldwide, validated the system’s robust performance under prolonged stress and harsh environments, confirming its unique value in challenging operational contexts.

    Following the success of the trials, both parties are already exploring expanded deployments in aviation in addition to heavy vehicles with broader collaborative opportunities across a wide range of customers and use cases. Integration of the Odysight.AI solution is expected to provide real-time monitoring and predictive analytics designed to enhance platform safety, reduce maintenance demands, reduce costs and improve overall operational efficiency across the partner’s product lines.

    “As a trusted supplier to leading aerospace and mobility platform manufacturers, our global partner is known for innovation and quality,” said Yehu Ofer, CEO of Odysight.AI. “Their decision to partner with us and lead customer demonstrations is a strong vote of confidence in our technology. This agreement reflects our shared commitment to driving smarter, safer, and more sustainable operations across industries, verticals and target markets at scale.”

    Our global partner plays a key role in delivering engineered materials and smart solutions for mobility and energy applications, as well as high-performance industrial technologies, with aerospace among its core technological pillars. Strongly aligned with our strategic focus on safety, operational efficiency, and technological sophistication in defense mobility, we believe this collaboration with our global partner enhances their offering with advanced predictive maintenance capabilities, which can help customers prevent failures and avoid costly downtime.

    About Odysight.AI

    Odysight.AI is pioneering the Predictive Maintenance (PdM) and Condition Based Monitoring (CBM) markets with its visualization and AI platform. Providing video sensor-based solutions for critical systems in the aviation, transportation, and energy industries, Odysight.AI leverages proven visual technologies and products from the medical industry. Odysight.AI’s unique video-based sensors, embedded software, and AI algorithms are being deployed in hard-to-reach locations and harsh environments across a variety of PdM and CBM use cases. Odysight.AI’s platform allows maintenance and operations teams visibility into areas which are inaccessible under normal operation, or where the operating ambience is not suitable for continuous real-time monitoring. For more information, please visit: https://www.Odysight.AI or follow us on Twitter, LinkedIn and YouTube.

    Forward-Looking Statements

    Information set forth in this news release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, but not limited to, statements regarding the Company’s expectations regarding its collaboration with a multinational technology group. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other comparable terminology. Those statements are based on information we have when those statements are made or our management’s current expectation and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward- looking statements. Factors that may affect our results, performance, circumstances or achievements include, but are not limited to the following: (i) market acceptance of our existing and new products, including those that utilize our micro Odysight.AI technology or offer Predictive Maintenance and Condition Based Monitoring applications, (ii) lengthy product delays in key markets, (iii) an inability to secure regulatory approvals for the sale of our products, (iv) intense competition in the medical device and related industries from much larger, multinational companies, (v) product liability claims, product malfunctions and the functionality of Odysight.AI’s solutions under all environmental conditions, (vi) our limited manufacturing capabilities and reliance on third-parties for assistance, (vii) an inability to establish sales, marketing and distribution capabilities to commercialize our products, (viii) an inability to attract and retain qualified personnel, (ix) our efforts obtain and maintain intellectual property protection covering our products, which may not be successful, (x) our reliance on a single customer that accounts for a substantial portion of our revenues, (xi) our reliance on single suppliers for certain product components, including for miniature video sensors which are suitable for our Complementary Metal Oxide Semiconductor technology products, (xii) the fact that we will need to raise additional capital to meet our business requirements in the future and that such capital raising may be costly, dilutive or difficult to obtain, (xiii) the impact of computer system failures, cyberattacks or deficiencies in our cybersecurity, (xiv) the fact that we conduct business in multiple foreign jurisdictions, exposing us to foreign currency exchange rate fluctuations, logistical, global supply chain and communications challenges, burdens and costs of compliance with foreign laws and political and economic instability in each jurisdiction and (xv) political, economic and military instability in Israel, including the impact of Israel’s war against Hamas, Hezbollah and Iran. These and other important factors discussed in Odysight.AI’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 26, 2025, and our other reports filed with the SEC could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Except as required under applicable securities legislation, Odysight.AI undertakes no obligation to publicly update or revise forward-looking information.

    Company Contact:

    Einav Brenner, CFO
    info@Odysight.AI

    Investor Relations Contact:
    Miri Segal
    MS-IR LLC
    msegal@ms-ir.com
    Tel: +1-917-607-8654

    The MIL Network –

  • MIL-OSI: PSB Holdings, Inc. Reports Record Quarterly Earnings of $0.89 Per Diluted Share; Net Interest Margin Improves For Fifth Consecutive Quarter

    Source: GlobeNewswire (MIL-OSI)

    WAUSAU, Wis., July 22, 2025 (GLOBE NEWSWIRE) — PSB Holdings, Inc. (“PSB”) (OTCQX: PSBQ), the holding company for Peoples State Bank (“Peoples”) serving Northcentral and Southeastern Wisconsin reported second quarter earnings ending June 30, 2025 up 48% relative to the prior quarter to $0.89 per diluted common share on net income of $3.8 million, compared to $0.60 per diluted common share on net income of $2.6 million during the first quarter ending March 31, 2025, and $0.56 per diluted common share on net income of $2.4 million during the second quarter ending June 30, 2024.

    PSB’s second quarter 2025 operating results reflected the following changes from the first quarter of 2025: (1) a stronger net interest margin as asset yields rose; (2) higher non-interest income from higher mortgage banking income; and (3) lower non-interest expenses due to lower salaries and employee benefit expenses.

    “We are proud to report record earnings for the second quarter, highlighted by an improving net interest margin and cost controls that have lowered our non-interest expenses and improved our efficiency ratio to 63%. Over the past year, we increased tangible book value per share by 13.1% while paying $0.64 per share in dividends to our shareholders. As loans continue to reprice at higher rates and new loans are originated at higher levels than current yields, we expect our net interest margin to continue to expand from current levels. While non-performing assets have grown, they represent a small number with special circumstances, and we expect favorable resolutions for certain significant non-performing assets by the end of the calendar year,” stated Scott Cattanach, President and CEO.

    June 30, 2025, Highlights:

    • Net interest income increased $470,000 to $10.7 million for the quarter ended June 30, 2025, from $10.3 million for the quarter ended March 31, 2025, due in part to higher yields on loans and one additional day during the quarter.
    • Noninterest income increased $230,000 to $2.1 million for the quarter ended June 30, 2025, compared to $1.9 million the prior quarter due primarily to higher mortgage banking revenues.
    • Noninterest expenses decreased $776,000 to $8.2 million during the quarter ended June 30, 2025 from $9.0 million for the quarter ended March 31, 2025, reflecting lower salary and benefit expenses.
    • Net loans increased $12.9 million, or 1% in the second quarter ended June 30, 2025, to $1.11 billion compared to March 31, 2025, largely due to increased commercial line usage. Allowance for credit losses remained at 1.12% of gross loans.
    • Non-performing assets increased $2.6 million to $15.6 million, or 1.04% of total assets at June 30, 2025 compared to the previous quarter. One existing non-performing loan relationship increased during the quarter as an additional loan in this relationship was moved to non-performing status. The underlying security of these loans is undergoing a sales process by the owner. Additionally, an unrelated new loan relationship was added to non-performing status.
    • Total deposits increased $47.5 million to $1.18 billion at June 30, 2025 from $1.13 billion at March 31, 2025, with the increase largely consisting of non-interest bearing demand deposits and time deposits with balances greater than $250,000. Core deposits increased $32.3 million while brokered deposits decreased $13.7 million. A portion of the overall deposit increase relates to an established customer making a large time deposit near the end of the quarter.
    • Return on average tangible common equity was 13.11% for the quarter ended June 30, 2025, compared to 9.21% the prior quarter and 9.34% in the year ago quarter.
    • Tangible book value per common share was up 13.1% over the past year to $27.77 at June 30, 2025, compared to $24.55 at June 30, 2024. Additionally, PSB paid dividends totaling $0.64 per share during the past year.

    Balance Sheet and Asset Quality Review

    Total assets increased $46.8 million during the second quarter to $1.51 billion at June 30, 2025, compared to $1.46 billion at March 31, 2025. Cash and cash equivalents increased $34.9 million to $57.5 million at June 30, 2025 from $22.7 million at March 31, 2025 as new deposits replenished reserves used to fund new loans. Investment securities available for sale increased $1.7 million to $184.3 million at June 30, 2025, from $182.6 million one quarter earlier.

    Gross loans receivable increased $10.7 million to $1.15 billion at June 30, 2025, compared to one quarter earlier, due primarily to increased commercial & industrial lending. Commercial & industrial loans increased $11.2 million to $135.3 million at June 30, 2025, and commercial real estate loans increased $3.6 million to $566.5 million at June 30, 2025, compared to three months earlier. Commercial real estate construction and development loans decreased $9.2 million to $77.9 million at June 30, 2025, while residential real estate loans increased $3.3 million from the prior quarter to $337.1 million. Agricultural loans increased $1.6 million to $13.2 million at June 30, 2025 compared to three months earlier. The loan portfolio remains well diversified with commercial real estate and construction loans totaling 56.1% of gross loans, followed by residential real estate loans at 29.4% of gross loans, commercial non-real estate loans at 14.1% and consumer loans at 0.4%.

    The allowance for credit losses remained at 1.12% of gross loans at June 30, 2025 while annualized net charge-offs to average loans were zero for the quarter ended June 30, 2025. Non-performing assets increased $2.6 million to $15.6 million, or 1.04% of total assets at June 30, 2025 up from 0.89% at March 31, 2025. The increase reflects a loan relationship that was non-performing in the prior quarter having an additional loan move to non-performing status in the second quarter and a separate loan relationship within the timber industry where the customer has experienced irregular cashflows. Approximately 80% of the non-performing assets consisted of five loan relationships.

    Total deposits increased 4% quarter over quarter, with 23% of the deposit portfolio being uninsured at June 30th. Overall, core deposits increased $32.3 million during the quarter while brokered deposits decreased $13.7 million.

    At June 30, 2025, non-interest bearing demand deposits increased to 23.6% of total deposits from 21.7% the prior quarter, while interest-bearing demand and savings deposits decreased to 27.4% at June 30, 2025 from 29.4% one quarter earlier. The additional deposit inflow helped to decrease FHLB advances during the quarter by $4.3 million and brokered deposits by $13.7 million.

    Tangible stockholder equity as a percentage of total tangible assets decreased to 7.95% at June 30, 2025, compared to 8.05% at March 31, 2025, and 7.32% at June 30, 2024.

    Tangible net book value per common share increased $3.22 during the quarter to $27.77, at June 30, 2025 compared to $24.55 one year earlier, an increase of 13.1% after dividends of $0.64 were paid to shareholders. Relative to the prior quarter’s tangible book value per common share of $26.94, tangible net book value per common share increased primarily due to earnings and an increase in the fair market value of the investment portfolios. The accumulated other comprehensive loss on the investment portfolio was $15.8 million at June 30, 2025, compared to $16.7 million one quarter earlier.

    Operations Review

    Net interest income increased to $10.7 million (on a net margin of 3.09%) for the second quarter of 2025, from $10.3 million (on a net margin of 3.03%) for the first quarter of 2025, and increased from $9.4 million (on a net margin of 2.84%) for the second quarter of 2024. The higher net interest income in the current period primarily relates to higher loan yields during the quarter. Earning asset yields increased to 5.40% during the second quarter of 2025 from 5.35% the prior period and cost of funds increased four basis points to 3.06% compared to 3.02% during the first quarter of 2025. Relative to one year earlier, earning asset yields were up 19 basis points while the overall cost of funds was flat.

    The increase in earning asset yields was due to higher yields on loan originations, loan renewals and security repricing. Loan yields increased during the second quarter of 2025 to 5.91% from 5.82% for the first quarter of 2025. Taxable security yields on a smaller average balance relative to the prior quarter were 3.24% for the quarter ended June 30, 2025, compared to 3.35% for the quarter ended March 31, 2025, while tax-exempt security yields remained at 3.35% for the quarter ended June 30, 2025.

    Total noninterest income increased $230,000 during the second quarter of 2025 to $2.1 million. An increase of $161,000 in mortgage banking income during the quarter accounted for the majority of the change.

    Noninterest expenses decreased $776,000 to $8.2 million for the second quarter of 2025, compared to $9.0 million for the first quarter of 2025, and decreased $202,000 from $8.4 million for the second quarter of 2024. On a linked quarter basis, salary and benefits expense decreased $474,000 as the first quarter results reflected an increase in variable commercial sales incentive expense. Occupancy and facilities costs decreased $67,000, data processing and other office operation expenses decreased $12,000, a gain on the sale of foreclosed real estate was $58,000 and various other noninterest expenses decreased $225,000 during the second quarter ended June 30, 2025. Partially offsetting the expense reductions was an increase in advertising and promotion expenses of $60,000.

    Income taxes increased $279,000 during the second quarter to $752,000, from $473,000 one quarter earlier on higher income levels. The effective tax rate for the quarter ended June 30, 2025, was 16.6% compared to 15.6% for the first quarter ended March 31, 2025.

    About PSB Holdings, Inc.

    PSB Holdings, Inc. is the parent company of Peoples State Bank. Peoples is a community bank headquartered in Wausau, Wisconsin, serving northcentral and southeastern Wisconsin from twelve full-service banking locations in Marathon, Oneida, Vilas, Portage, Milwaukee and Waukesha counties. Peoples also provides investment and insurance products, along with retirement planning services, through Peoples Wealth Management, a division of Peoples. PSB Holdings, Inc. is traded under the stock symbol PSBQ on the OTCQX Market. More information about PSB, its management, and its financial performance may be found at www.psbholdingsinc.com.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current expectations, estimates and projections about PSB’s business based, in part, on assumptions made by management and include, without limitation, statements with respect to the potential growth of PSB, its future profits, expected stock repurchase levels, future dividend rates, future interest rates, and the adequacy of its capital position. Forward-looking statements can be affected by known and unknown risks, uncertainties, and other factors, including, but not limited to, strength of the economy, the effects of government policies, including interest rate policies, risks associated with the execution of PSB’s vision and growth strategy, including with respect to current and future M&A activity, and risks associated with global economic instability. The forward-looking statements in this press release speak only as of the date on which they are made and PSB does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.

     
    PSB Holdings, Inc.
    Consolidated Balance Sheets
    June 30, and March 31, 2025, September 30, and June 30, 2024, unaudited, December 31, 2024 derived from audited financial statements
                 
        Jun. 30, Mar. 31, Dec. 31, Sep. 30, Jun. 30,
    (dollars in thousands, except per share data)     2025     2025     2024     2024     2024  
                 
    Assets            
                 
    Cash and due from banks   $ 23,022   $ 19,628   $ 21,414   $ 23,554   $ 16,475  
    Interest-bearing deposits     2,890     702     3,724     5,126     251  
    Federal funds sold     31,624     2,351     15,360     58,434     69,249  
                 
    Cash and cash equivalents     57,536     22,681     40,498     87,114     85,975  
    Securities available for sale (at fair value)     184,320     182,594     189,086     174,911     165,177  
    Securities held to maturity (fair values of $75,016, $77,375, $79,654, $82,389 and $79,993 respectively)     83,123     85,373     86,748     86,847     86,825  
    Equity securities     2,885     2,847     2,782     1,752     1,661  
    Loans held for sale     349     734     217     –     2,268  
    Loans receivable, net (allowance for credit losses of $12,553, $12,392, $12,342, $12,598 and $12,597 respectively)     1,109,296     1,096,422     1,078,204     1,057,974     1,074,844  
    Accrued interest receivable     5,006     5,184     5,042     4,837     5,046  
    Foreclosed assets     –     300     –     –     –  
    Premises and equipment, net     13,397     13,522     13,805     14,065     14,048  
    Mortgage servicing rights, net     1,684     1,717     1,742     1,727     1,688  
    Federal Home Loan Bank stock (at cost)     9,297     8,825     8,825     8,825     8,825  
    Cash surrender value of bank-owned life insurance     25,067     24,897     24,732     24,565     24,401  
    Core deposit intangible     330     353     195     212     229  
    Goodwill     3,495     3,495     2,541     2,541     2,541  
    Other assets     10,832     10,828     11,539     10,598     12,111  
                 
    TOTAL ASSETS   $ 1,506,617   $ 1,459,772   $ 1,465,956   $ 1,475,968   $ 1,485,639  
                 
    Liabilities            
                 
    Non-interest-bearing deposits   $ 277,239   $ 245,672   $ 259,515   $ 265,078   $ 250,435  
    Interest-bearing deposits     900,303     884,364     887,834     874,035     901,886  
                 
    Total deposits     1,177,542     1,130,036     1,147,349     1,139,113     1,152,321  
                 
    Federal Home Loan Bank advances     165,950     170,250     162,250     181,250     184,900  
    Other borrowings     6,250     6,343     6,872     6,128     5,775  
    Senior subordinated notes     4,784     4,783     4,781     4,779     4,778  
    Junior subordinated debentures     13,075     13,049     13,023     12,998     12,972  
    Allowance for credit losses on unfunded commitments     622     672     672     477     477  
    Accrued expenses and other liabilities     15,118     13,554     14,723     12,850     13,069  
                 
    Total liabilities     1,383,341     1,338,687     1,349,670     1,357,595     1,374,292  
                 
    Stockholders’ equity            
                 
    Preferred stock – no par value:            
    Authorized – 30,000 shares; Issued – 7,200 shares            
    Outstanding – 7,200 shares, respectively     7,200     7,200     7,200     7,200     7,200  
    Common stock – no par value with a stated value of $1.00 per share:            
    Authorized – 18,000,000 shares; Issued – 5,490,798 shares            
    Outstanding – 4,041,573, 4,084,708, 4,092,977, 4,105,594 and 4,128,382 shares, respectively     1,830     1,830     1,830     1,830     1,830  
    Additional paid-in capital     8,659     8,608     8,610     8,567     8,527  
    Retained earnings     144,548     142,277     139,838     138,142     135,276  
    Accumulated other comprehensive income (loss), net of tax     (15,764 )   (16,692 )   (19,314 )   (15,814 )   (20,503 )
    Treasury stock, at cost – 1,449,225, 1,406,090, 1,397,821, 1,385,204 and 1,362,416 shares, respectively     (23,197 )   (22,138 )   (21,878 )   (21,552 )   (20,983 )
                 
    Total stockholders’ equity     123,276     121,085     116,286     118,373     111,347  
                 
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   $ 1,506,617   $ 1,459,772   $ 1,465,956   $ 1,475,968   $ 1,485,639  
    PSB Holdings, Inc.
    Consolidated Statements of Income
                     
        Quarter Ended Six Months Ended
    (dollars in thousands,   Jun. 30, Mar. 31, Dec. 31, Sep. 30, Jun. 30, June
    except per share data – unaudited)     2025     2025     2024     2024     2024     2025     2024  
                     
    Interest and dividend income:                
    Loans, including fees   $ 16,510   $ 15,782   $ 15,646   $ 15,634   $ 15,433   $ 32,292   $ 30,542  
    Securities:                
    Taxable     1,566     1,641     1,545     1,345     1,295     3,207     2,492  
    Tax-exempt     506     517     522     522     521     1,023     1,047  
    Other interest and dividends     332     345     948     699     265     677     608  
                     
    Total interest and dividend income     18,914     18,285     18,661     18,200     17,514     37,199     34,689  
                     
    Interest expense:                
    Deposits     5,934     5,884     6,027     5,905     5,838     11,818     11,920  
    FHLB advances     1,899     1,792     1,890     2,038     1,860     3,691     3,310  
    Other borrowings     48     47     57     57     58     95     118  
    Senior subordinated notes     58     59     59     59     58     117     117  
    Junior subordinated debentures     250     248     252     252     255     498     506  
                     
    Total interest expense     8,189     8,030     8,285     8,311     8,069     16,219     15,971  
                     
    Net interest income     10,725     10,255     10,376     9,889     9,445     20,980     18,718  
    Provision for credit losses     110     117     –     –     100     227     195  
                     
    Net interest income after provision for credit losses     10,615     10,138     10,376     9,889     9,345     20,753     18,523  
                     
    Noninterest income:                
    Service fees     366     358     362     367     350     724     686  
    Mortgage banking income     411     250     414     433     433     661     741  
    Investment and insurance sales commissions     335     326     226     230     222     799     343  
    Net loss on sale of securities     –     (1 )   (511 )   –     –     661     (495 )
    Increase in cash surrender value of life insurance     170     163     166     165     159     (1 )   316  
    Other noninterest income     814     770     620     648     742     1,584     1,359  
                     
    Total noninterest income     2,096     1,866     1,277     1,843     1,906     3,962     2,950  
                     
    Noninterest expense:                
    Salaries and employee benefits     4,828     5,302     4,691     4,771     5,167     10,130     10,290  
    Occupancy and facilities     719     786     691     757     733     1,505     1,454  
    Loss (gain) on foreclosed assets     (58 )   –     –     1     –     (58 )   –  
    Data processing and other office operations     1,189     1,201     1,111     1,104     1,047     2,390     2,069  
    Advertising and promotion     189     129     141     164     171     318     300  
    Core deposit intangible amortization     23     23     17     17     20     46     44  
    Other noninterest expenses     1,303     1,528     1,351     1,337     1,257     2,831     2,563  
                     
    Total noninterest expense     8,193     8,969     8,002     8,151     8,395     17,162     16,720  
                     
    Income before provision for income taxes     4,518     3,035     3,651     3,581     2,856     7,553     4,753  
    Provision for income taxes     752     473     524     593     410     1,225     579  
                     
    Net income   $ 3,766   $ 2,562   $ 3,127   $ 2,988   $ 2,446   $ 6,328   $ 4,174  
    Preferred stock dividends declared   $ 122   $ 122   $ 122   $ 122   $ 122   $ 244   $ 244  
                     
    Net income available to common shareholders   $ 3,644   $ 2,440   $ 3,005   $ 2,866   $ 2,324   $ 6,084   $ 3,930  
    Basic earnings per common share   $ 0.90   $ 0.60   $ 0.73   $ 0.69   $ 0.56   $ 1.49   $ 0.95  
    Diluted earnings per common share   $ 0.89   $ 0.60   $ 0.73   $ 0.69   $ 0.56   $ 1.49   $ 0.95  
    PSB Holdings, Inc.
    Quarterly Financial Summary
     
    (dollars in thousands, except per share data)   Quarter ended
        Jun. 30, Mar. 31, Dec. 31, Sep. 30, Jun. 30,
    Earnings and dividends:     2025     2025     2024     2024     2024  
                 
    Interest income   $ 18,914   $ 18,285   $ 18,661   $ 18,200   $ 17,514  
    Interest expense   $ 8,189   $ 8,030   $ 8,285   $ 8,311   $ 8,069  
    Net interest income   $ 10,725   $ 10,255   $ 10,376   $ 9,889   $ 9,445  
    Provision for credit losses   $ 110   $ 117   $ –   $ –   $ 100  
    Other noninterest income   $ 2,096   $ 1,866   $ 1,277   $ 1,843   $ 1,906  
    Other noninterest expense   $ 8,193   $ 8,969   $ 8,002   $ 8,151   $ 8,395  
    Net income available to common shareholders   $ 3,644   $ 2,440   $ 3,005   $ 2,866   $ 2,324  
                 
    Basic earnings per common share (3)   $ 0.90   $ 0.60   $ 0.73   $ 0.69   $ 0.56  
    Diluted earnings per common share (3)   $ 0.89   $ 0.60   $ 0.73   $ 0.69   $ 0.56  
    Dividends declared per common share (3)   $ 0.34   $ –   $ 0.32   $ –   $ 0.32  
    Tangible net book value per common share (4)   $ 27.77   $ 26.94   $ 25.98   $ 26.41   $ 24.55  
                 
    Semi-annual dividend payout ratio     22.58 % n/a   23.27 % n/a   33.61 %
    Average common shares outstanding     4,070,721     4,088,824     4,094,360     4,132,218     4,139,456  
                 
                 
    Balance sheet – average balances:            
    Loans receivable, net of allowances for credit loss   $ 1,111,004   $ 1,091,533   $ 1,064,619   $ 1,066,795   $ 1,088,013  
    Assets   $ 1,480,851   $ 1,462,862   $ 1,479,812   $ 1,445,613   $ 1,433,749  
    Deposits   $ 1,142,279   $ 1,140,397   $ 1,151,450   $ 1,110,854   $ 1,111,240  
    Stockholders’ equity   $ 123,077   $ 118,576   $ 118,396   $ 114,458   $ 110,726  
                 
                 
    Performance ratios:            
    Return on average assets (1)     1.02 %   0.71 %   0.84 %   0.82 %   0.69 %
    Return on average common stockholders’ equity (1)     12.61 %   8.88 %   10.75 %   10.63 %   9.03 %
    Return on average tangible common stockholders’ equity (1)(4)     13.11 %   9.21 %   11.07 %   10.96 %   9.34 %
    Net loan charge-offs to average loans (1)     0.00 %   0.02 %   0.02 %   0.00 %   0.00 %
    Nonperforming loans to gross loans     1.39 %   1.15 %   0.95 %   0.97 %   1.15 %
    Nonperforming assets to total assets     1.04 %   0.89 %   0.71 %   0.71 %   0.84 %
    Allowance for credit losses to gross loans     1.12 %   1.12 %   1.13 %   1.18 %   1.16 %
    Nonperforming assets to tangible equity plus the allowance for credit losses (4)     12.64 %   10.71 %   8.85 %   8.71 %   11.09 %
    Net interest rate margin (1)(2)     3.09 %   3.03 %   2.96 %   2.90 %   2.84 %
    Net interest rate spread (1)(2)     2.34 %   2.33 %   2.23 %   2.16 %   2.15 %
    Service fee revenue as a percent of average demand deposits (1)     0.54 %   0.58 %   0.53 %   0.56 %   0.56 %
    Noninterest income as a percent of gross revenue     9.98 %   9.26 %   6.40 %   9.20 %   9.81 %
    Efficiency ratio (2)     63.00 %   72.88 %   67.59 %   68.43 %   72.52 %
    Noninterest expenses to average assets (1)     2.22 %   2.49 %   2.15 %   2.24 %   2.35 %
    Average stockholders’ equity less accumulated other comprehensive income (loss) to average assets     9.31 %   9.22 %   9.08 %   9.06 %   9.03 %
    Tangible equity to tangible assets (4)     7.95 %   8.05 %   7.76 %   7.85 %   7.32 %
                 
    Stock price information:            
                 
    High   $ 25.70   $ 26.50   $ 27.90   $ 25.00   $ 21.40  
    Low   $ 23.65   $ 25.60   $ 25.00   $ 20.30   $ 19.75  
    Last trade value at quarter-end   $ 23.89   $ 25.70   $ 26.50   $ 25.00   $ 20.40  
                 
    (1) Annualized
    (2) The yield on federally tax-exempt loans and securities is computed on a tax-equivalent basis using a federal tax rate of 21%.
    (3) Due to rounding, cumulative quarterly per share performance may not equal annual per share totals.
    (4) Tangible stockholders’ equity excludes goodwill and core deposit intangibles.
    PSB Holdings, Inc.
    Consolidated Statements of Comprehensive Income
                 
        Quarter Ended
        Jun. 30, Mar. 31, Dec. 31, Sep. 30, Jun. 30,
    (dollars in thousands – unaudited)     2025     2025     2024     2024     2024  
                 
    Net income   $ 3,766   $ 2,562   $ 3,127   $ 2,988   $ 2,446  
                 
    Other comprehensive income, net of tax:            
                 
    Unrealized gain (loss) on securities available for sale     972     2,551     (3,955 )   4,738     184  
                 
    Reclassification adjustment for security loss included in net income     –     1     404     –     –  
                 
    Accretion of unrealized loss included in net income on securities available for sale deferred tax adjustment for Wisconsin Act 19     (35 )   –     (76 )   –     –  
                 
    Amortization of unrealized loss included in net income on securities available for sale transferred to securities held to maturity     91     89     90     90     89  
                 
    Unrealized gain (loss) on interest rate swap     (87 )   (6 )   65     (101 )   39  
                 
    Reclassification adjustment of interest rate swap settlements included in earnings     (13 )   (13 )   (27 )   (38 )   (40 )
                 
                 
    Other comprehensive income (loss)     928     2,622     (3,499 )   4,689     272  
                 
    Comprehensive income (loss)   $ 4,694   $ 5,184   $ (372 ) $ 7,677   $ 2,718  
    PSB Holdings, Inc.            
    Nonperforming Assets as of:            
                 
        Jun 30, Mar 31, Dec 31, Sep 30, Jun 30,
    (dollars in thousands)     2025     2025     2024     2024     2024  
                 
    Nonaccrual loans (excluding restructured loans)   $ 15,333   $ 12,404   $ 10,109   $ 10,116   $ 12,184  
    Nonaccrual restructured loans     13     17     18     25     28  
    Restructured loans not on nonaccrual     295     280     286     292     299  
    Accruing loans past due 90 days or more     –     –     –     –     –  
                 
    Total nonperforming loans     15,641     12,701     10,413     10,433     12,511  
    Other real estate owned     –     300     –     –     –  
                 
    Total nonperforming assets   $ 15,641   $ 13,001   $ 10,413   $ 10,433   $ 12,511  
                 
    Nonperforming loans as a % of gross loans receivable     1.39 %   1.15 %   0.95 %   0.97 %   1.15 %
    Total nonperforming assets as a % of total assets     1.04 %   0.89 %   0.71 %   0.71 %   0.84 %
    Allowance for credit losses as a % of nonperforming loans     80.26 %   97.57 %   118.52 %   120.75 %   100.69 %
    PSB Holdings, Inc.
    Nonperforming Assets >= $500,000 net book value before specific reserves
    At June 30, 2025
             
    (dollars in thousands)        
          Gross Specific
    Collateral Description   Asset Type Principal Reserves
             
    Real estate – Recreational facility   Nonaccrual   3,940     145  
    Real estate – Equipment dealership   Nonaccrual   2,708     560  
    Real estate – Non owner occupied rental properties   Nonaccrual   4,227     0  
    Real estate – Wood products   Nonaccrual   1,707     271  
             
             
    Total listed nonperforming assets     $ 12,582   $ 976  
    Total bank wide nonperforming assets     $ 15,641   $ 1,180  
    Listed assets as a % of total nonperforming assets       80 %   83 %
    PSB Holdings, Inc.            
    Loan Composition by Collateral Type            
                 
    Quarter-ended (dollars in thousands)   Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024
                 
    Commercial:            
    Commercial and industrial   $ 135,313   $ 124,074   $ 116,864   $ 115,234   $ 125,508  
    Agriculture     13,219     11,632     11,568     11,203     11,480  
    Municipal     12,805     12,878     15,733     12,596     11,190  
                 
    Total Commercial     161,337     148,584     144,165     139,033     148,178  
                 
    Commercial Real Estate:            
    Commercial real estate     566,526     562,901     551,641     541,577     544,171  
    Construction and development     77,905     87,080     79,377     60,952     70,540  
                 
    Total Commercial Real Estate     644,431     649,981     631,018     602,529     614,711  
                 
    Residential real estate:            
    Residential     266,203     268,490     271,643     269,954     270,944  
    Construction and development     31,439     26,884     28,959     34,655     36,129  
    HELOC     39,425     38,364     36,887     36,734     33,838  
                 
    Total Residential Real Estate     337,067     333,738     337,489     341,343     340,911  
                 
    Consumer installment     4,886     4,683     5,060     4,770     4,423  
                 
    Subtotals – Gross loans     1,147,721     1,136,986     1,117,732     1,087,675     1,108,223  
    Loans in process of disbursement     (26,496 )   (28,752 )   (27,791 )   (17,836 )   (21,484 )
                 
    Subtotals – Disbursed loans     1,121,225     1,108,234     1,089,941     1,069,839     1,086,739  
    Net deferred loan costs     624     580     605     733     702  
    Allowance for credit losses     (12,553 )   (12,392 )   (12,342 )   (12,598 )   (12,597 )
                 
    Total loans receivable   $ 1,109,296   $ 1,096,422   $ 1,078,204   $ 1,057,974   $ 1,074,844  
    PSB Holdings, Inc.
    Selected Commercial Real Estate Loans by Purpose
     
        Jun 30, Mar 31, Dec 31, Sept 30, June 30,
    (dollars in thousands)     2025     2025     2024     2024     2024  
                           
        Total Exposure % of Portfolio (1) Total Exposure % of Portfolio (1) Total Exposure % of Portfolio (1) Total Exposure % of Portfolio (1) Total Exposure % of Portfolio (1)
    Multi Family   $ 145,523   14.0 % $ 143,674   13.9 % $ 140,087   14.0 % $ 140,307   14.7 % $ 146,873   15.2 %
    Industrial and Warehousing     105,256   10.2     109,366   10.6     103,794   10.4     96,995   10.2     96,286   9.6  
    Retail     29,407   2.8     29,285   2.8     23,438   2.3     25,263   2.7     26,154   2.7  
    Hotels     25,299   2.4     25,719   2.5     25,892   2.6     26,057   2.7     29,035   3.0  
    Office     7,131   0.7     7,254   0.7     6,234   0.6     6,378   0.7     6,518   0.7  
                           
    (1) Percentage of commercial and commercial real estate portfolio and commitments.
    PSB Holdings, Inc.
    Deposit Composition
                           
    Insured and Collateralized Deposits   June 30, March 31, December 31, September 30, June 30,
    (dollars in thousands)     2025     2025     2024     2024     2024  
        $ % $ % $ % $ % $ %
                           
    Non-interest bearing demand   $ 225,916   19.2 % $ 206,562   18.3 % $ 204,167   17.8 % $ 210,534   18.5 % $ 202,343   17.5 %
    Interest-bearing demand and savings     304,779   25.9 %   314,957   27.9 %   315,900   27.6 %   305,631   26.8 %   304,392   26.5 %
    Money market deposits     113,161   9.6 %   118,047   10.4 %   141,024   12.3 %   138,376   12.2 %   137,637   12.0 %
    Retail and local time deposits <= $250     165,368   14.0 %   158,066   14.0 %   155,099   13.5 %   155,988   13.7 %   149,298   13.0 %
                           
    Total core deposits     809,224   68.7 %   797,632   70.6 %   816,190   71.2 %   810,529   71.2 %   793,670   69.0 %
    Retail and local time deposits > $250     28,000   2.4 %   26,750   2.3 %   25,500   2.2 %   23,500   2.1 %   22,500   2.0 %
    Broker & national time deposits <= $250     748   0.1 %   1,241   0.1 %   1,241   0.1 %   1,241   0.1 %   1,490   0.1 %
    Broker & national time deposits > $250     65,917   5.6 %   79,090   7.0 %   56,164   4.9 %   56,164   4.9 %   56,328   4.9 %
                           
    Totals   $ 903,889   76.8 % $ 904,713   80.0 % $ 899,095   78.4 % $ 891,434   78.3 % $ 873,988   76.0 %
                           
                           
    PSB Holdings, Inc.                      
    Deposit Composition                      
                           
    Uninsured Deposits   June 30, March 31, December 31, September 30, June 30,
    (dollars in thousands)     2025     2025     2024     2024     2024  
        $ % $ % $ % $ % $ %
                           
    Non-interest bearing demand   $ 51,323   4.4 % $ 39,110   3.5 % $ 55,348   4.8 % $ 54,544   4.8 % $ 48,092   4.1 %
    Interest-bearing demand and savings     17,983   1.5 %   17,262   1.5 %   20,934   1.8 %   18,317   1.6 %   32,674   2.8 %
    Money market deposits     157,998   13.4 %   150,222   13.3 %   153,334   13.4 %   157,489   13.8 %   177,954   15.4 %
    Retail and local time deposits <= $250     –   0.0 %   –   0.0 %   –   0.0 %   –   0.0 %   –   0.0 %
                           
    Total core deposits     227,304   19.3 %   206,594   18.3 %   229,616   20.0 %   230,350   20.2 %   258,720   22.3 %
    Retail and local time deposits > $250     46,349   3.9 %   18,729   1.7 %   18,638   1.6 %   17,329   1.5 %   19,613   1.7 %
    Broker & national time deposits <= $250     –   0.0 %   –   0.0 %   –   0.0 %   –   0.0 %   –   0.0 %
    Broker & national time deposits > $250     –   0.0 %   –   0.0 %   –   0.0 %   –   0.0 %   –   0.0 %
                           
    Totals   $ 273,653   23.2 % $ 225,323   20.0 % $ 248,254   21.6 % $ 247,679   21.7 % $ 278,333   24.0 %
                           
                           
    PSB Holdings, Inc.                      
    Deposit Composition                      
                           
    Total Deposits   June 30, March 31, December 31, September 30, June 30,
    (dollars in thousands)     2025     2025     2024     2024     2024  
        $ % $ % $ % $ % $ %
                           
    Non-interest bearing demand   $ 277,239   23.6 % $ 245,672   21.7 % $ 259,515   22.6 % $ 265,078   23.3 % $ 250,435   21.6 %
    Interest-bearing demand and savings     322,762   27.4 %   332,219   29.4 %   336,834   29.4 %   323,948   28.4 %   337,066   29.3 %
    Money market deposits     271,159   23.0 %   268,269   23.7 %   294,358   25.7 %   295,865   26.0 %   315,591   27.4 %
    Retail and local time deposits <= $250     165,368   14.0 %   158,066   14.1 %   155,099   13.5 %   155,988   13.7 %   149,298   13.0 %
                           
    Total core deposits     1,036,528   88.0 %   1,004,226   88.9 %   1,045,806   91.2 %   1,040,879   91.4 %   1,052,390   91.3 %
    Retail and local time deposits > $250     74,349   6.3 %   45,479   4.0 %   44,138   3.8 %   40,829   3.6 %   42,113   3.7 %
    Broker & national time deposits <= $250     748   0.1 %   1,241   0.1 %   1,241   0.1 %   1,241   0.1 %   1,490   0.1 %
    Broker & national time deposits > $250     65,917   5.6 %   79,090   7.0 %   56,164   4.9 %   56,164   4.9 %   56,328   4.9 %
                           
    Totals   $ 1,177,542   100.0 % $ 1,130,036   100.0 % $ 1,147,349   100.0 % $ 1,139,113   100.0 % $ 1,152,321   100.0 %
    PSB Holdings, Inc.
    Average Balances ($000) and Interest Rates
    (dollars in thousands)
                             
        Quarter ended June 30, 2025   Quarter ended March 31, 2025   Quarter ended June 30, 2024
        Average   Yield /   Average   Yield /   Average   Yield /
        Balance Interest Rate   Balance Interest Rate   Balance Interest Rate
    Assets                        
    Interest-earning assets:                        
    Loans (1)(2)   $ 1,123,460   $ 16,558   5.91 %   $ 1,103,895   $ 15,830   5.82 %   $ 1,100,518   $ 15,520   5.67 %
    Taxable securities     193,926     1,566   3.24 %     198,426     1,641   3.35 %     172,563     1,295   3.02 %
    Tax-exempt securities (2)     76,774     641   3.35 %     79,282     654   3.35 %     79,564     659   3.33 %
    FHLB stock     9,189     166   7.25 %     8,825     241   11.08 %     7,931     182   9.23 %
    Other     14,571     166   4.57 %     8,960     104   4.71 %     8,241     83   4.05 %
                             
    Total (2)     1,417,920     19,097   5.40 %     1,399,388     18,470   5.35 %     1,368,817     17,739   5.21 %
                             
    Non-interest-earning assets:                            
    Cash and due from banks     15,498           16,292           17,345      
    Premises and equipment, net     13,527           13,728           13,930      
    Cash surrender value ins     24,960           24,795           24,297      
    Other assets     21,402           21,021           21,865      
    Allowance for credit losses     (12,456 )         (12,362 )         (12,505 )    
                             
    Total   $ 1,480,851     $ 1,462,862     $ 1,433,749  
                             
    Liabilities & stockholders’ equity                            
    Interest-bearing liabilities:                            
    Savings and demand deposits   $ 315,978   $ 1,450   1.84 %   $ 339,909   $ 1,567   1.87 %   $ 331,740   $ 1,467   1.78 %
    Money market deposits     262,015     1,572   2.41 %     280,396     1,685   2.44 %     271,336     1,835   2.72 %
    Time deposits     294,750     2,912   3.96 %     268,821     2,632   3.97 %     257,006     2,536   3.97 %
    FHLB borrowings     173,080     1,899   4.40 %     164,968     1,792   4.41 %     174,596     1,860   4.28 %
    Other borrowings     8,843     48   2.18 %     6,321     47   3.02 %     6,870     58   3.40 %
    Senior sub notes     4,784     58   4.86 %     4,782     59   5.00 %     4,777     58   4.88 %
    Junior sub. debentures     13,062     250   7.68 %     13,036     248   7.72 %     12,960     255   7.91 %
                             
    Total     1,072,512     8,189   3.06 %     1,078,233     8,030   3.02 %     1,059,285     8,069   3.06 %
                             
    Non-interest-bearing liabilities:                            
    Demand deposits     269,536           251,271           251,158      
    Other liabilities     15,726           14,782           12,580      
    Stockholders’ equity     123,077           118,576           110,726      
                             
    Total   $ 1,480,851     $ 1,462,862     $ 1,433,749  
                             
    Net interest income     $ 10,908         $ 10,440         $ 9,670    
    Rate spread       2.34 %       2.33 %       2.15 %
    Net yield on interest-earning assets           3.09 %       3.03 %       2.84 %
                             
    (1) Nonaccrual loans are included in the daily average loan balances outstanding.
    (2) The yield on federally tax-exempt loans and securities is computed on a tax-equivalent basis using a federal tax rate of 21%.
    PSB Holdings, Inc.
    Average Balances ($000) and Interest Rates
    (dollars in thousands)
     
        Six months ended June 30, 2025   Six months ended June 30, 2024
        Average   Yield/   Average   Yield/
        Balance Interest Rate   Balance Interest Rate
    Assets                
    Interest-earning assets:                
    Loans (1)(2)   $ 1,113,731   $ 32,388   5.86 %   $ 1,097,419   $ 30,719   5.63 %
    Taxable securities     196,162     3,207   3.30 %     172,176     2,492   2.91 %
    Tax-exempt securities (2)     78,021     1,295   3.35 %     79,999     1,325   3.33 %
    FHLB stock     9,008     407   9.11 %     7,215     347   9.67 %
    Other     11,790     270   4.62 %     10,562     261   4.97 %
                     
    Total (2)     1,408,712     37,567   5.38 %     1,367,371     35,144   5.17 %
                     
    Non-interest-earning assets:                
    Cash and due from banks     15,893           17,356      
    Premises and equipment, net     13,627           13,557      
    Cash surrender value ins     24,878           24,221      
    Other assets     21,215           21,534      
    Allowance for credit losses     (12,409 )         (12,445 )    
                     
    Total   $ 1,471,916     $ 1,431,594  
                     
    Liabilities & stockholders’ equity Interest-bearing liabilities:                
    Savings and demand deposits   $ 327,878   $ 3,017   1.86 %   $ 341,119   $ 3,139   1.85 %
    Money market deposits     270,785     3,257   2.43 %     272,591     3,732   2.75 %
    Time deposits     281,857     5,544   3.97 %     260,832     5,049   3.89 %
    FHLB borrowings     169,046     3,691   4.40 %     158,761     3,310   4.19 %
    Other borrowings     7,589     95   2.52 %     7,712     118   3.08 %
    Senior sub. notes     4,783     117   4.93 %     4,776     117   4.93 %
    Junior sub. debentures     13,049     498   7.70 %     12,947     506   7.86 %
                     
    Total     1,074,987     16,219   3.04 %     1,058,738     15,971   3.03 %
                     
    Non-interest-bearing liabilities:                    
    Demand deposits     260,522           249,909      
    Other liabilities     15,492           12,881      
    Stockholders’ equity     120,915           110,066      
                     
    Total   $ 1,471,916     $ 1,431,594  
                     
    Net interest income     $ 21,348         $ 19,173    
    Rate spread       2.34 %       2.14 %
    Net yield on interest-earning assets   3.06 %       2.82 %
                     
    (1) Nonaccrual loans are included in the daily average loan balances outstanding.
    (2) The yield on federally tax-exempt loans and securities is computed on a tax-equivalent basis using a federal tax rate of 21%.

    Investor Relations Contact
    PSB Holdings, Inc.
    1905 Stewart Avenue
    Wausau, WI 54401
    888.929.9902
    InvestorRelations@bankpeoples.com

    The MIL Network –

  • MIL-OSI: HomeTrust Bancshares, Inc. Announces Financial Results for the Second Quarter of the Year Ending December 31, 2025 and Declaration of a Quarterly Dividend

    Source: GlobeNewswire (MIL-OSI)

    ASHEVILLE, N.C., July 22, 2025 (GLOBE NEWSWIRE) — HomeTrust Bancshares, Inc. (NYSE: HTB) (“Company”), the holding company of HomeTrust Bank (“Bank”), today announced preliminary net income for the second quarter of the year ending December 31, 2025 and approval of its quarterly cash dividend.

    For the quarter ended June 30, 2025 compared to the quarter ended March 31, 2025:

    • net income was $17.2 million compared to $14.5 million;
    • diluted earnings per share (“EPS”) were $1.00 compared to $0.84;
    • annualized return on assets (“ROA”) was 1.58% compared to 1.33%;
    • annualized return on equity (“ROE”) was 11.97% compared to 10.52%;
    • net interest margin was 4.32% compared to 4.18%;
    • provision for credit losses was $1.3 million compared to $1.5 million;
    • gain on the sale of our two Knoxville, Tennessee branches was $1.4 million compared to $0;
    • quarterly cash dividends continued at $0.12 per share totaling $2.1 million for both periods; and
    • 78,412 shares of Company common stock were repurchased during the current quarter at an average price of $35.74 compared to 14,800 shares repurchased at an average price of $33.64 in the prior quarter.

    For the six months ended June 30, 2025 compared to the six months ended June 30, 2024:

    • net income was $31.7 million compared to $27.5 million;
    • diluted EPS were $1.84 compared to $1.61;
    • annualized ROA was 1.46% compared to 1.25%;
    • annualized ROE was 11.26% compared to 10.73%;
    • net interest margin was 4.25% compared to 4.08%;
    • provision for credit losses was $2.8 million compared to $5.4 million;
    • tax-free death benefit proceeds from life insurance were $0 compared to $1.1 million;
    • cash dividends of $0.24 per share totaling $4.1 million compared to $0.22 per share totaling $3.7 million; and
    • 93,212 shares of Company common stock were repurchased during the six months at an average price of $35.41 compared to 23,483 shares repurchased at an average price of $27.48 in the same period last year.

    The Company also announced today that its Board of Directors declared a quarterly cash dividend of $0.12 per common share payable on August 28, 2025 to shareholders of record as of the close of business on August 14, 2025.

    “Given the current economic uncertainty, we are pleased to report another quarter of strong financial results,” said C. Hunter Westbrook, President and Chief Executive Officer. “These results reflect HTB’s commitment to remain nimble and be prudent balance sheet managers. Our earnings story over recent quarters has primarily been driven by our top quartile net interest margin, which expanded to 4.32% this quarter, and our ability to limit growth in our expense base.

    “HTB previously set a goal to be a consistently high-performing regional community bank that is a regionally and nationally recognized ‘Best Place to Work.’ As a result of this strong financial performance, for the second year in a row, the Company was named one of Forbes’ America’s Best Banks for 2025 and recognized as a Top 50 Community Bank in the 2024 S&P Global Market Intelligence annual rankings, awards based on the overall financial performance and strength of financial institutions. The Company was also recently included in the coveted 2025 KBW Bank Honor Roll, a distinction granted to only 5% of eligible banks based on their best-in-class earnings growth over the past ten years. Over the last year, HTB has been recognized as a best place to work in all five states we serve as well as nationally by Newsweek and American Banker.

    “Lastly, during the quarter we completed the previously announced sale of our two Knoxville, Tennessee branches. This transaction reflects our efforts to tighten our geographic footprint, improve our branch efficiencies, and allow us to better allocate capital to support long-term growth in other core markets.”

    WEBSITE: WWW.HTB.COM

    Comparison of Results of Operations for the Three Months Ended June 30, 2025 and March 31, 2025
    Net Income.  Net income totaled $17.2 million, or $1.00 per diluted share, for the three months ended June 30, 2025 compared to $14.5 million, or $0.84 per diluted share, for the three months ended March 31, 2025, an increase of $2.7 million, or 18.4%. Results for the three months ended June 30, 2025 benefited from a $1.3 million increase in net interest income and a $2.1 million increase in noninterest income due to a $1.4 million gain on the sale of two branch locations. Details of the changes in the various components of net income are further discussed below.

    Net Interest Income.  The following table presents the distribution of average assets, liabilities and equity, as well as interest income earned on average interest-earning assets and interest expense paid on average interest-bearing liabilities. All average balances are daily average balances. Nonaccruing loans have been included in the table as loans carrying a zero yield.

      Three Months Ended
      June 30, 2025   March 31, 2025
    (Dollars in thousands) Average
    Balance
    Outstanding    		   Interest
    Earned /
    Paid    		   Yield /
    Rate    		   Average
    Balance
    Outstanding    		   Interest
    Earned /
    Paid    		   Yield /
    Rate
    Assets                      
    Interest-earning assets                      
    Loans receivable(1) $ 3,804,502     $ 60,440   6.37 %   $ 3,802,003     $ 58,613   6.25 %
    Debt securities available for sale   149,611       1,658   4.45       152,659       1,787   4.75  
    Other interest-earning assets(2)   149,175       1,543   4.15       206,242       3,235   6.36  
    Total interest-earning assets   4,103,288       63,641   6.22       4,160,904       63,635   6.20  
    Other assets   263,603               266,141          
    Total assets $ 4,366,891             $ 4,427,045          
    Liabilities and equity                      
    Interest-bearing liabilities                      
    Interest-bearing checking accounts $ 563,817     $ 1,251   0.89 %   $ 573,316     $ 1,324   0.94 %
    Money market accounts   1,329,973       9,004   2.72       1,345,575       9,177   2.77  
    Savings accounts   182,340       37   0.08       183,354       38   0.08  
    Certificate accounts   868,321       8,564   3.96       951,715       9,824   4.19  
    Total interest-bearing deposits   2,944,451       18,856   2.57       3,053,960       20,363   2.70  
    Junior subordinated debt   10,154       206   8.14       10,129       205   8.21  
    Borrowings   31,154       350   4.51       12,301       160   5.28  
    Total interest-bearing liabilities   2,985,759       19,412   2.61       3,076,390       20,728   2.73  
    Noninterest-bearing deposits   744,585               719,522          
    Other liabilities   59,973               70,821          
    Total liabilities   3,790,317               3,866,733          
    Stockholders’ equity   576,574               560,312          
    Total liabilities and stockholders’ equity $ 4,366,891             $ 4,427,045          
    Net earning assets $ 1,117,529             $ 1,084,514          
    Average interest-earning assets to average interest-bearing liabilities   137.43 %             135.25 %        
    Non-tax-equivalent                      
    Net interest income     $ 44,229           $ 42,907    
    Interest rate spread         3.61 %           3.47 %
    Net interest margin(3)         4.32 %           4.18 %
    Tax-equivalent(4)                      
    Net interest income     $ 44,660           $ 43,325    
    Interest rate spread         3.65 %           3.51 %
    Net interest margin(3)         4.37 %           4.22 %

    (1)  Average loans receivable balances include loans held for sale and nonaccruing loans.
    (2)  Average other interest-earning assets consist of FRB stock, FHLB stock, SBIC investments and deposits in other banks.
    (3)  Net interest income divided by average interest-earning assets.
    (4)  Tax-equivalent results include adjustments to interest income of $431 and $418 for the three months ended June 30, 2025 and March 31, 2025, respectively, calculated based on a combined federal and state tax rate of 24%.

    Total interest and dividend income for the three months ended June 30, 2025 did not vary significantly when compared to the three months ended March 31, 2025. Regarding the components of this income, loan interest income increased $1.8 million, or 3.1%, primarily due to an increase in yield on loans and an additional day in the current quarter, which was offset by a $1.7 million, or 52.3%, decrease in other investments and interest-bearing deposits income, mainly due to a $1.0 million, or 78.9%, decrease in SBIC investment income where significant investment appreciation was recognized in the prior quarter. Accretion income on acquired loans of $1.0 million and $322,000 was recognized during the same periods, respectively, and was included in interest income on loans.

    Total interest expense for the three months ended June 30, 2025 decreased $1.3 million, or 6.3%, compared to the three months ended March 31, 2025. The decrease was primarily the result of a decline in the average balance of certificate accounts, specifically brokered deposits, and a decline in the average cost of funds across funding categories.

    The following table shows the effects that changes in average balances (volume), including the difference in the number of days in the periods compared, and average interest rates (rate) had on the interest earned on interest-earning assets and interest paid on interest-bearing liabilities:

      Increase / (Decrease)
    Due to    		   Total
    Increase /
    (Decrease)
    (Dollars in thousands) Volume   Rate  
    Interest-earning assets          
    Loans receivable $ 703     $ 1,124     $ 1,827  
    Debt securities available for sale   (17 )     (112 )     (129 )
    Other interest-earning assets   (878 )     (814 )     (1,692 )
    Total interest-earning assets   (192 )     198       6  
    Interest-bearing liabilities          
    Interest-bearing checking accounts   (8 )     (65 )     (73 )
    Money market accounts   (7 )     (166 )     (173 )
    Savings accounts   —       (1 )     (1 )
    Certificate accounts   (767 )     (493 )     (1,260 )
    Junior subordinated debt   3       (2 )     1  
    Borrowings   249       (59 )     190  
    Total interest-bearing liabilities   (530 )     (786 )     (1,316 )
    Increase in net interest income         $ 1,322  


    Provision for Credit Losses.      The provision for credit losses is the amount of expense that, based on our judgment, is required to maintain the allowance for credit losses (“ACL”) at an appropriate level under the current expected credit losses model.

    The following table presents a breakdown of the components of the provision for credit losses:

      Three Months Ended    
    (Dollars in thousands) June 30, 2025   March 31, 2025   $ Change   % Change
    Provision for credit losses              
    Loans $ 1,385     $ 800     $ 585     73 %
    Off-balance-sheet credit exposure   (82 )     740       (822 )   (111 )
    Total provision for credit losses $ 1,303     $ 1,540     $ (237 )   (15 )%

    For the quarter ended June 30, 2025, the “loans” portion of the provision for credit losses was the result of the following, offset by net charge-offs of $2.0 million during the quarter:

    • $0.3 million benefit driven by changes in the loan mix.
    • $1.6 million benefit due to changes in qualitative adjustments, partially offset by a slight worsening of the projected economic forecast, specifically the national unemployment rate. Of note, we released the $2.2 million qualitative allocation previously established for the potential impact of Hurricane Helene upon our loan portfolio which had been established in the quarter ended September 30, 2024. Any residual impact of the Hurricane is believed to have now been reflected elsewhere within the ACL calculation.
    • $1.3 million increase in specific reserves on individually evaluated loans.

    For the quarter ended March 31, 2025, the “loans” portion of the provision for credit losses was the result of the following, offset by net charge-offs of $1.3 million during the quarter:

    • $0.6 million benefit driven by changes in the loan mix.
    • A slight improvement in the projected economic forecast, specifically the national unemployment rate, was offset by changes in qualitative adjustments.
    • $0.1 million increase in specific reserves on individually evaluated loans.

    For the quarter ended June 30, 2025, the amount recorded for off-balance-sheet credit exposure was the result of an increase in the balance of loan commitments offset by changes in the projected economic forecast and qualitative allocation as outlined above. For the quarter ended March 31, 2025, the amount recorded for off-balance-sheet credit exposure was the result of an increase in the balance of loan commitments and changes in the loan mix and projected economic forecast as outlined above.

    Noninterest Income.  Noninterest income for the three months ended June 30, 2025 increased $2.1 million, or 26.5%, when compared to the quarter ended March 31, 2025. Changes in the components of noninterest income are discussed below:

      Three Months Ended    
    (Dollars in thousands) June 30, 2025   March 31, 2025   $ Change   % Change
    Noninterest income              
    Service charges and fees on deposit accounts $ 2,502     $ 2,244     $ 258     11 %
    Loan income and fees   548       721       (173 )   (24 )
    Gain on sale of loans held for sale   2,109       1,908       201     11  
    Bank owned life insurance (“BOLI”) income   852       842       10     1  
    Operating lease income   1,876       1,379       497     36  
    Gain on sale of branches   1,448       —       1,448     100  
    Gain on sale of premises and equipment   28       —       28     100  
    Other   794       933       (139 )   (15 )
    Total noninterest income $ 10,157     $ 8,027     $ 2,130     27 %
    • Gain on sale of loans held for sale: The increase was primarily driven by sales of the guaranteed portion of SBA commercial loans during the period. There were $7.3 million in sales of the guaranteed portion of SBA commercial loans with gains of $570,000 for the current quarter compared to $4.6 million sold and gains of $366,000 for the prior quarter. There were $108.8 million of HELOCs originated for sale which were sold during the current quarter with gains of $954,000 compared to $89.4 million sold with gains of $1.1 million in the prior quarter. There were $30.3 million of residential mortgage loans sold for gains of $558,000 during the current quarter compared to $18.8 million sold with gains of $473,000 in the prior quarter. Our hedging of mandatory commitments on the residential mortgage loan pipeline resulted in a net gain of $27,000 for the current quarter compared to a net gain of $13,000 for the prior quarter.
    • Operating lease income: The increase was primarily the result of a reduction in losses recognized on the sale of previously leased equipment. We recognized net losses of $358,000 and $745,000 during the three months ended June 30, 2025 and March 31, 2025, respectively.
    • Gain on sale of branches: On May 23, 2025, we completed the previously announced sale of our two Knoxville, Tennessee branches, recognizing a gain of $1.4 million. The gain was primarily the result of a premium received on the deposits assumed by the purchasing institution, partially offset by expenses associated with the transaction.

    Noninterest Expense.  Noninterest expense for the three months ended June 30, 2025 increased $294,000, or 0.9%, when compared to the three months ended March 31, 2025. Changes in the components of noninterest expense are discussed below:

      Three Months Ended    
    (Dollars in thousands) June 30, 2025   March 31, 2025   $ Change   % Change
    Noninterest expense              
    Salaries and employee benefits $ 18,208     $ 17,699     $ 509     3 %
    Occupancy expense, net   2,375       2,511       (136 )   (5 )
    Computer services   2,488       2,805       (317 )   (11 )
    Operating lease depreciation expense   1,789       1,868       (79 )   (4 )
    Telephone, postage and supplies   561       546       15     3  
    Marketing and advertising   442       452       (10 )   (2 )
    Deposit insurance premiums   473       511       (38 )   (7 )
    Core deposit intangible amortization   411       515       (104 )   (20 )
    Other   4,508       4,054       454     11  
    Total noninterest expense $ 31,255     $ 30,961     $ 294     1 %
    • Computer services: At the end of the prior calendar year, we finalized the multiyear renewal of our largest core processing contract. The decrease in expense quarter-over-quarter is a reflection of the improved vendor pricing negotiated through this effort.
    • Other: The change was driven by an increase in loan workout expenses in addition to smaller increases across several other expense categories.

    Income Taxes.  The amount of income tax expense is influenced by the amount of pre-tax income, tax-exempt income, changes in the statutory rate and the effect of changes in valuation allowances maintained against deferred tax benefits. The effective tax rates for the three months ended June 30, 2025 and March 31, 2025 were 21.2% and 21.1%, respectively.

    Comparison of Results of Operations for the Six Months Ended June 30, 2025 and June 30, 2024
    Net Income.  Net income totaled $31.7 million, or $1.84 per diluted share, for the six months ended June 30, 2025 compared to $27.5 million, or $1.61 per diluted share, for the six months ended June 30, 2024, an increase of $4.3 million, or 15.5%. The results for the six months ended June 30, 2025 were positively impacted by a $3.2 million increase in net interest income, a decrease of $2.6 million in the provision for credit losses, a $1.3 million increase in noninterest income, partially offset by a $1.6 million increase in noninterest expense. Details of the changes in the various components of net income are further discussed below.

    Net Interest Income.  The following table presents the distribution of average assets, liabilities and equity, as well as interest income earned on average interest-earning assets and interest expense paid on average interest-bearing liabilities. All average balances are daily average balances. Nonaccruing loans have been included in the table as loans carrying a zero yield.

      Six Months Ended
      June 30, 2025   June 30, 2024
    (Dollars in thousands) Average
    Balance
    Outstanding    		   Interest
    Earned /
    Paid    		   Yield /
    Rate    		   Average
    Balance
    Outstanding    		   Interest
    Earned /
    Paid    		   Yield /
    Rate
    Assets                      
    Interest-earning assets                      
    Loans receivable(1) $ 3,803,259     $ 119,053   6.31 %   $ 3,874,740     $ 122,113   6.34 %
    Debt securities available for sale   151,127       3,445   4.60       130,510       2,808   4.33  
    Other interest-earning assets(2)   177,551       4,778   5.43       135,936       3,848   5.69  
    Total interest-earning assets   4,131,937       127,276   6.21       4,141,186       128,769   6.25  
    Other assets   264,865               282,550          
    Total assets $ 4,396,802             $ 4,423,736          
    Liabilities and equity                      
    Interest-bearing liabilities                      
    Interest-bearing checking accounts $ 568,540     $ 2,575   0.91 %   $ 588,567     $ 2,870   0.98 %
    Money market accounts   1,337,731       18,180   2.74       1,289,758       19,340   3.02  
    Savings accounts   182,844       75   0.08       189,887       84   0.09  
    Certificate accounts   909,787       18,389   4.08       895,242       19,162   4.30  
    Total interest-bearing deposits   2,998,902       39,219   2.64       2,963,454       41,456   2.81  
    Junior subordinated debt   10,142       411   8.17       10,042       470   9.41  
    Borrowings   21,780       510   4.72       95,235       2,902   6.13  
    Total interest-bearing liabilities   3,030,824       40,140   2.67       3,068,731       44,828   2.94  
    Noninterest-bearing deposits   732,123               789,565          
    Other liabilities   65,367               50,224          
    Total liabilities   3,828,314               3,908,520          
    Stockholders’ equity   568,488               515,216          
    Total liabilities and stockholders’ equity $ 4,396,802             $ 4,423,736          
    Net earning assets $ 1,101,113             $ 1,072,455          
    Average interest-earning assets to average interest-bearing liabilities   136.33 %             134.95 %        
    Non-tax-equivalent                      
    Net interest income     $ 87,136           $ 83,941    
    Interest rate spread         3.54 %           3.31 %
    Net interest margin(3)         4.25 %           4.08 %
    Tax-equivalent(4)                      
    Net interest income     $ 87,985           $ 84,645    
    Interest rate spread         3.58 %           3.35 %
    Net interest margin(3)         4.29 %           4.11 %

    (1)  Average loans receivable balances include loans held for sale and nonaccruing loans.
    (2)  Average other interest-earning assets consist of FRB stock, FHLB stock, SBIC investments and deposits in other banks.
    (3)  Net interest income divided by average interest-earning assets.
    (4)  Tax-equivalent results include adjustments to interest income of $849 and $704 for the six months ended June 30, 2025 and June 30, 2024, respectively, calculated based on a combined federal and state tax rate of 24%.

    Total interest and dividend income for the six months ended June 30, 2025 decreased $1.5 million, or 1.2%, compared to the six months ended June 30, 2024, which was driven by a $3.1 million, or 2.5%, decrease in interest income on loans, partially offset by a combined $1.6 million, or 23.5%, increase in interest income on debt securities available for sale and other interest-bearing assets. Accretion income on acquired loans of $1.3 million and $1.4 million was recognized during the same periods, respectively, and was included in interest income on loans. The overall decrease in average yield on interest-earning assets was mainly the result of a decline in average balances, specifically for the loan portfolio where we continue to be focused on prudent loan growth.

    Total interest expense for the six months ended June 30, 2025 decreased $4.7 million, or 10.5%, compared to the six months ended June 30, 2024. The change was primarily the result of a decrease in the average balance of borrowings in addition to the cost of funds across all funding sources.

    The following table shows the effects that changes in average balances (volume), including the difference in the number of days in the periods compared, and average interest rates (rate) had on the interest earned on interest-earning assets and interest paid on interest-bearing liabilities:

      Increase / (Decrease)
    Due to    		   Total
    Increase /
    (Decrease)
    (Dollars in thousands) Volume   Rate  
    Interest-earning assets          
    Loans receivable $ (2,583 )   $ (477 )   $ (3,060 )
    Debt securities available for sale   434       203       637  
    Other interest-earning assets   1,165       (235 )     930  
    Total interest-earning assets   (984 )     (509 )     (1,493 )
    Interest-bearing liabilities          
    Interest-bearing checking accounts   (105 )     (190 )     (295 )
    Money market accounts   669       (1,829 )     (1,160 )
    Savings accounts   (3 )     (6 )     (9 )
    Certificate accounts   260       (1,033 )     (773 )
    Junior subordinated debt   4       (63 )     (59 )
    Borrowings   (2,240 )     (152 )     (2,392 )
    Total interest-bearing liabilities   (1,415 )     (3,273 )     (4,688 )
    Increase in net interest income         $ 3,195  


    Provision for Credit Losses.      The following table presents a breakdown of the components of the provision for credit losses:

      Six Months Ended      
    (Dollars in thousands) June 30, 2025   June 30, 2024   $ Change   % Change  
    Provision for credit losses                
    Loans $ 2,185     $ 5,445     $ (3,260 )   (60 )%
    Off-balance-sheet credit exposure   658       (20 )     678     3,390  
    Total provision for credit losses $ 2,843     $ 5,425     $ (2,582 )   (48 )%

    For the six months ended June 30, 2025, the “loans” portion of the provision for credit losses was the result of the following, offset by net charge-offs of $3.3 million during the period.

    • $0.9 million benefit driven by changes in the loan mix.
    • $1.6 million benefit due to changes in qualitative adjustments, partially offset by a slight worsening of the projected economic forecast, specifically the national unemployment rate. Of note, we released the $2.2 million qualitative allocation previously established for the potential impact of Hurricane Helene upon our loan portfolio which had been established in the quarter ended September 30, 2024. Any residual impact of the Hurricane is believed to have now been reflected elsewhere within the ACL calculation.
    • $1.4 million increase in specific reserves on individually evaluated loans.

    For the six months ended June 30, 2024, the “loans” portion of the provision for credit losses was the result of the following, in addition to net charge-offs of $4.9 million during the period:

    • $1.3 million benefit due to changes in the projected economic forecast, specifically the national unemployment rate, and changes in qualitative adjustments.
    • $1.8 million increase in specific reserves on individually evaluated loans which was proportional to the increase in the associated loan balances which increased from $8.1 million to $16.3 million during the six month period, concentrated in the equipment finance and SBA portfolios.

    For the six months ended June 30, 2025 and June 30, 2024, the amounts recorded for off-balance-sheet credit exposure were the result of changes in the balance of loan commitments, loan mix and projected economic forecast as outlined above.

    Noninterest Income.  Noninterest income for the six months ended June 30, 2025 increased $1.3 million, or 7.4%, when compared to the same period last year. Changes in the components of noninterest income are discussed below:

      Six Months Ended    
    (Dollars in thousands) June 30, 2025   June 30, 2024   $ Change   % Change
    Noninterest income              
    Service charges and fees on deposit accounts $ 4,746     $ 4,503     $ 243     5 %
    Loan income and fees   1,269       1,325       (56 )   (4 )
    Gain on sale of loans held for sale   4,017       3,285       732     22  
    BOLI income   1,694       2,642       (948 )   (36 )
    Operating lease income   3,255       3,450       (195 )   (6 )
    Gain on sale of branches   1,448       —       1,448     100  
    Gain (loss) on sale of premises and equipment   28       (9 )     37     411  
    Other   1,727       1,728       (1 )   —  
    Total noninterest income $ 18,184     $ 16,924     $ 1,260     7 %
                                 
    • Gain on sale of loans held for sale: The increase in the gain on sale of loans held for sale was primarily driven by HELOCs and residential mortgage loans sold during the period. During the six months ended June 30, 2025, there were $198.2 million of HELOCs sold during the current period for gains of $2.0 million compared to $40.7 million sold and gains of $473,000 for the corresponding period in the prior year. There were $49.1 million of residential mortgage loans originated for sale which were sold with gains of $1.0 million compared to $36.6 million sold with gains of $667,000 for the corresponding period in the prior year. There were $11.9 million of sales of the guaranteed portion of SBA commercial loans with gains of $936,000 compared to $25.6 million sold and gains of $2.1 million for the corresponding period in the prior year. Our hedging of mandatory commitments on the residential mortgage loan pipeline resulted in a net gain of $40,000 for the six months ended June 30, 2025 versus a net loss of $3,000 for the six months ended June 30, 2024.
    • BOLI income: The decrease was due to $1.1 million in tax-free gains on death benefit proceeds in excess of the cash surrender value of the policies recognized in the prior period, partially offset by higher yielding policies as a result of restructuring the portfolio at the end of the prior calendar year.
    • Gain on sale of branches: As discussed earlier, during the current period we completed the previously announced sale of our two Knoxville, Tennessee branches, recognizing a gain of $1.4 million in the current period.

    Noninterest Expense.  Noninterest expense for the six months ended June 30, 2025 increased $2.1 million, or 3.6%, when compared to the same period last year. Changes in the components of noninterest expense are discussed below:

      Six Months Ended    
    (Dollars in thousands) June 30, 2025   June 30, 2024   $ Change   % Change
    Noninterest expense              
    Salaries and employee benefits $ 35,907     $ 33,584     $ 2,323     7 %
    Occupancy expense, net   4,886       4,856       30     1  
    Computer services   5,293       6,204       (911 )   (15 )
    Operating lease depreciation expense   3,657       3,565       92     3  
    Telephone, postage and supplies   1,107       1,165       (58 )   (5 )
    Marketing and advertising   894       1,251       (357 )   (29 )
    Deposit insurance premiums   984       1,085       (101 )   (9 )
    Core deposit intangible amortization   926       1,329       (403 )   (30 )
    Other   8,562       7,580       982     13  
    Total noninterest expense $ 62,216     $ 60,619     $ 1,597     3 %
                                 
    • Salaries and employee benefits: The increase was primarily the result of increases in both pay and incentive compensation.
    • Computer services: As discussed earlier, the decrease in expense year-over-year is a reflection of the improved vendor pricing associated with the multiyear renewal of our largest core processing contract.
    • Marketing and advertising: The decrease was the result of a reduction in spending in the six months ended June 30, 2025 when compared to the same period of the prior year, as we re-evaluated our marketing strategy for future periods.
    • Core deposit intangible amortization: The intangible recorded associated with the Quantum merger is being amortized on an accelerated basis, so the rate of amortization slowed year-over-year.
    • Other: The increase period-over-period was driven by increases of $274,000 in losses on the sale repossessed equipment, $234,000 in community association banking deposit line of business referral fees, and $224,000 in consulting fees.

    Income Taxes. The amount of income tax expense is influenced by the amount of pre-tax income, tax-exempt income, changes in the statutory rate and the effect of changes in valuation allowances maintained against deferred tax benefits. The effective tax rate was 21.1% for both the six months ended June 30, 2025 and June 30, 2024.

    Balance Sheet Review
    Total assets decreased by $17.4 million to $4.6 billion and total liabilities decreased by $44.9 million to $4.0 billion, respectively, at June 30, 2025 as compared to December 31, 2024. These changes can be traced to the use of the proceeds of both loan sales and the maturities of debt securities and certificates of deposit to fund loan growth. Total deposits declined by $113.0 million over the same period. The decrease was mainly the result of a reduction in brokered deposits of $96.5 million and $34.3 million of deposits which were assumed by the purchaser of our two Knoxville, Tennessee branches. Borrowings increased by $77.0 million to provide additional liquidity.

    Stockholders’ equity increased $27.5 million to $579.3 million at June 30, 2025 as compared to December 31, 2024. Activity within stockholders’ equity included $31.8 million in net income and $2.2 million in stock-based compensation and stock option exercises, partially offset by $4.1 million in cash dividends declared and $3.3 million in stock repurchases. In addition, accumulated other comprehensive income improved by $1.4 million due to a reduction in the unrealized loss on available for sale securities due to changes in market interest rates.

    As of June 30, 2025, the Bank was considered “well capitalized” in accordance with its regulatory capital guidelines and exceeded all regulatory capital requirements.

    Asset Quality
    The ACL on loans was $44.1 million, or 1.20% of total loans, at June 30, 2025 compared to $45.3 million, or 1.24% of total loans, at December 31, 2024. The drivers of this change are discussed in the “Comparison of Results of Operations for the Six Months Ended June 30, 2025 and June 30, 2024 – Provision for Credit Losses” section above.

    Net loan charge-offs totaled $3.3 million for the six months ended June 30, 2025 compared to $4.9 million for the same period last year. Annualized net charge-offs as a percentage of average loans were 0.18% for the six months ended June 30, 2025 as compared to 0.25% for the six months ended June 30, 2024.

    Nonperforming assets, made up of nonaccrual loans and repossessed assets, increased by $2.5 million, or 8.9%, to $30.5 million, or 0.67% of total assets, at June 30, 2025 compared to $28.0 million, or 0.61% of total assets, at March 31, 2025. Owner occupied commercial real estate (“CRE”) made up the largest portion of nonperforming assets at $8.9 million and $8.6 million, respectively, at these same dates. One relationship made up $5.0 million of the totals at both dates but no loss is anticipated. In addition, equipment finance loans made up $6.0 million and $5.1 million, respectively, at these same dates, concentrated in the transportation sector. The ratio of nonperforming loans to total loans was 0.81% at June 30, 2025 compared to 0.74% at March 31, 2025.

    Nonperforming assets increased by $1.7 million, or 6.1%, to $30.5 million, or 0.67% of total assets, at June 30, 2025 compared to $28.8 million, or 0.63% of total assets, at December 31, 2024, with the composition of nonperforming assets remaining consistent between periods. The ratio of nonperforming loans to total loans was 0.81% at June 30, 2025 compared to 0.76% at December 31, 2024.

    Classified assets increased by $8.2 million, or 20.0%, to $48.8 million, or 1.07% of total assets, as of June 30, 2025 when compared to the balance of $40.7 million, or 0.89% of total assets, at March 31, 2025. The drivers of the change were increases of $3.2 million in Equipment Finance loans, $2.3 million in commercial and industrial loans, and $1.6 million in owner-occupied CRE loans. Classified assets increased by $69,000, or 0.14%, to $48.8 million, or 1.07% of total assets, as of June 30, 2025 when compared to the balance of $48.8 million, or 1.06% of total assets, at December 31, 2024. The largest portfolios of classified assets at June 30, 2025 included $14.5 million of owner-occupied CRE loans, $8.6 million of equipment finance loans, $6.5 million of both 1-4 family residential real estate and commercial and industrial loans, $5.4 million of HELOCs, and $4.7 million of non-owner occupied CRE loans.

    Lastly, in an effort to assist customers in their post-Hurricane Helene recovery and clean-up efforts, at the end of the prior calendar year we granted payment deferrals of up to six months to provide short-term relief to impacted customers. The outstanding balance of these deferrals declined from $136.0 million at December 31, 2024 to $18.9 million at June 30, 2025. As stated earlier, after reassessing the remaining exposure and the sufficiency of the ACL in place, in the current quarter we released the $2.2 million qualitative allocation previously established for the storm upon our loan portfolio which had been established in the quarter ended September 30, 2024. To date, $27,000 in charge-offs have been recognized which were directly related to Hurricane Helene.

    About HomeTrust Bancshares, Inc.
    HomeTrust Bancshares, Inc. (NYSE: HTB), headquartered in Asheville, North Carolina, is the holding company for HomeTrust Bank, a state-chartered community bank operating over 30 locations across North Carolina, South Carolina, East Tennessee, Southwest Virginia, and Georgia. With total assets of $4.6 billion as of June 30, 2025, the Company’s goal is to continue to be recognized as a high-performing, regional community bank, while our strategy to reach that goal is to be a best place to work. As a reflection of these efforts, the Company has been named one of Bank Director’s “Best U.S. Banks,” one of Forbes’ “America’s Best Banks”, one of S&P Global’s “Top 50 Community Banks”, and named to the 2025 KBW Honor Roll. In addition, the Company has been recognized as one of American Banker’s “Best Banks to Work For”, received a “Most Loved Workplace” certification by Best Practices Institute, named as one of Best Companies Group’s “America’s Best Workplaces”, as well as being named a “Best Place to Work” in all five states in which the Company operates.

    Forward-Looking Statements
    This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact, but instead are based on certain assumptions including statements with respect to the Company’s beliefs, plans, objectives, goals, expectations, assumptions and statements about future economic performance and projections of financial items. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated or implied by forward-looking statements. The factors that could result in material differentiation include, but are not limited to, natural disasters, including the lingering effects of Hurricane Helene; expected revenues, cost savings, synergies and other benefits from merger and acquisition activities might not be realized to the extent anticipated, within the anticipated time frames, or at all, costs or difficulties relating to integration matters, including but not limited to customer and employee retention, might be greater than expected, and goodwill impairment charges might be incurred; increased competitive pressures among financial services companies; changes in the interest rate environment; changes in general economic conditions, both nationally and in our market areas; legislative and regulatory changes; and the effects of inflation, a potential recession, and other factors described in the Company’s latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other documents filed with or furnished to the Securities and Exchange Commission – which are available on the Company’s website at www.htb.com and on the SEC’s website at www.sec.gov. Any of the forward-looking statements that the Company makes in this press release or in the documents the Company files with or furnishes to the SEC are based upon management’s beliefs and assumptions at the time they are made and may turn out to be wrong because of inaccurate assumptions, the factors described above or other factors that management cannot foresee. The Company does not undertake, and specifically disclaims any obligation, to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

    Consolidated Balance Sheets (Unaudited)

    (Dollars in thousands) June 30,
    2025    		   March 31,
    2025    		   December 31,
    2024    (1)    		   September 30,
    2024    		   June 30,
    2024
    Assets                  
    Cash $ 16,662     $ 14,303     $ 18,778     $ 18,980     $ 18,382  
    Interest-bearing deposits   280,547       285,522       260,441       274,497       275,808  
    Cash and cash equivalents   297,209       299,825       279,219       293,477       294,190  
    Certificates of deposit in other banks   23,319       25,806       28,538       29,290       32,131  
    Debt securities available for sale, at fair value   143,942       150,577       152,011       140,552       134,135  
    FHLB and FRB stock   15,263       13,602       13,630       18,384       19,637  
    SBIC investments, at cost   17,720       17,746       15,117       15,489       15,462  
    Loans held for sale, at fair value   1,106       2,175       4,144       2,968       1,614  
    Loans held for sale, at the lower of cost or fair value   169,835       151,164       202,018       189,722       224,976  
    Total loans, net of deferred loan fees and costs   3,671,951       3,648,609       3,648,299       3,698,892       3,701,454  
    Allowance for credit losses – loans   (44,139 )     (44,742 )     (45,285 )     (48,131 )     (49,223 )
    Loans, net   3,627,812       3,603,867       3,603,014       3,650,761       3,652,231  
    Premises and equipment held for sale, at the lower of cost or fair value   616       8,240       616       616       616  
    Premises and equipment, net   62,706       62,347       69,872       69,603       69,880  
    Accrued interest receivable   16,554       18,269       18,336       17,523       18,412  
    Deferred income taxes, net   9,968       9,288       10,735       10,100       10,512  
    BOLI   92,576       91,715       90,868       90,021       89,176  
    Goodwill   34,111       34,111       34,111       34,111       34,111  
    Core deposit intangibles, net   5,670       6,080       6,595       7,162       7,730  
    Other assets   59,646       63,248       66,606       67,514       66,051  
    Total assets $ 4,578,053     $ 4,558,060     $ 4,595,430     $ 4,637,293     $ 4,670,864  
    Liabilities and stockholders’ equity                  
    Liabilities                  
    Deposits $ 3,666,178     $ 3,736,360     $ 3,779,203     $ 3,761,588     $ 3,707,779  
    Junior subordinated debt   10,170       10,145       10,120       10,096       10,070  
    Borrowings   265,000       177,000       188,000       260,013       364,513  
    Other liabilities   57,431       69,106       66,349       65,592       64,874  
    Total liabilities   3,998,779       3,992,611       4,043,672       4,097,289       4,147,236  
    Stockholders’ equity                  
    Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued or outstanding   —       —       —       —       —  
    Common stock, $0.01 par value, 60,000,000 shares authorized(2)   175       176       175       175       175  
    Additional paid in capital   174,900       176,682       176,693       175,495       172,907  
    Retained earnings   408,178       393,026       380,541       368,383       357,147  
    Unearned Employee Stock Ownership Plan (“ESOP”) shares   (3,703 )     (3,835 )     (3,966 )     (4,099 )     (4,232 )
    Accumulated other comprehensive income (loss)   (276 )     (600 )     (1,685 )     50       (2,369 )
    Total stockholders’ equity   579,274       565,449       551,758       540,004       523,628  
    Total liabilities and stockholders’ equity $ 4,578,053     $ 4,558,060     $ 4,595,430     $ 4,637,293     $ 4,670,864  

    (1)  Derived from audited financial statements.
    (2)  Shares of common stock issued and outstanding were 17,492,143 at June 30, 2025; 17,552,626 at March 31, 2025; 17,527,709 at December 31, 2024; 17,514,922 at September 30, 2024; and 17,437,326 at June 30, 2024.


    Consolidated Statements of Income (Unaudited)

      Three Months Ended   Six Months Ended
    (Dollars in thousands) June 30, 2025   March 31, 2025   June 30, 2025   June 30, 2024
    Interest and dividend income              
    Loans $ 60,440     $ 58,613     $ 119,053     $ 122,113  
    Debt securities available for sale   1,658       1,787       3,445       2,808  
    Other investments and interest-bearing deposits   1,543       3,235       4,778       3,848  
    Total interest and dividend income   63,641       63,635       127,276       128,769  
    Interest expense              
    Deposits   18,856       20,363       39,219       41,456  
    Junior subordinated debt   206       205       411       470  
    Borrowings   350       160       510       2,902  
    Total interest expense   19,412       20,728       40,140       44,828  
    Net interest income   44,229       42,907       87,136       83,941  
    Provision for credit losses   1,303       1,540       2,843       5,425  
    Net interest income after provision for credit losses   42,926       41,367       84,293       78,516  
    Noninterest income              
    Service charges and fees on deposit accounts   2,502       2,244       4,746       4,503  
    Loan income and fees   548       721       1,269       1,325  
    Gain on sale of loans held for sale   2,109       1,908       4,017       3,285  
    BOLI income   852       842       1,694       2,642  
    Operating lease income   1,876       1,379       3,255       3,450  
    Gain on sale of branches   1,448       —       1,448       —  
    Gain (loss) on sale of premises and equipment   28       —       28       (9 )
    Other   794       933       1,727       1,728  
    Total noninterest income   10,157       8,027       18,184       16,924  
    Noninterest expense              
    Salaries and employee benefits   18,208       17,699       35,907       33,584  
    Occupancy expense, net   2,375       2,511       4,886       4,856  
    Computer services   2,488       2,805       5,293       6,204  
    Operating lease depreciation expense   1,789       1,868       3,657       3,565  
    Telephone, postage and supplies   561       546       1,107       1,165  
    Marketing and advertising   442       452       894       1,251  
    Deposit insurance premiums   473       511       984       1,085  
    Core deposit intangible amortization   411       515       926       1,329  
    Other   4,508       4,054       8,562       7,580  
    Total noninterest expense   31,255       30,961       62,216       60,619  
    Income before income taxes   21,828       18,433       40,261       34,821  
    Income tax expense   4,618       3,894       8,512       7,336  
    Net income $ 17,210     $ 14,539     $ 31,749     $ 27,485  

    Per Share Data

        Three Months Ended    Six Months Ended
        June 30, 2025   March 31, 2025   June 30, 2025   June 30, 2024
    Net income per common share(1)                
    Basic   $ 1.01     $ 0.84     $ 1.85     $ 1.61  
    Diluted   $ 1.00     $ 0.84     $ 1.84     $ 1.61  
    Average shares outstanding                
    Basic     17,006,141       17,011,359       17,008,699       16,871,383  
    Diluted     17,106,448       17,113,424       17,109,842       16,888,550  
    Book value per share at end of period   $ 33.12     $ 32.21     $ 33.12     $ 30.03  
    Tangible book value per share at end of period(2)   $ 30.92     $ 30.00     $ 30.92     $ 27.73  
    Cash dividends declared per common share   $ 0.12     $ 0.12     $ 0.24     $ 0.22  
    Total shares outstanding at end of period     17,492,143       17,552,626       17,492,143       17,437,326  

    (1)  Basic and diluted net income per common share have been prepared in accordance with the two-class method.
    (2)  See Non-GAAP reconciliations below for adjustments.


    Selected Financial Ratios and Other Data

      Three Months Ended   Six Months Ended
      June 30, 2025   March 31, 2025   June 30, 2025   June 30, 2024
    Performance ratios(1)          
    Return on assets (ratio of net income to average total assets) 1.58 %   1.33 %   1.46 %   1.25 %
    Return on equity (ratio of net income to average equity) 11.97     10.52     11.26     10.73  
    Yield on earning assets 6.22     6.20     6.21     6.25  
    Rate paid on interest-bearing liabilities 2.61     2.73     2.67     2.94  
    Average interest rate spread 3.61     3.47     3.54     3.31  
    Net interest margin(2) 4.32     4.18     4.25     4.08  
    Average interest-earning assets to average interest-bearing liabilities 137.43     135.25     136.33     134.95  
    Noninterest expense to average total assets 2.87     2.84     2.85     2.76  
    Efficiency ratio 57.47     60.79     59.07     60.10  
    Efficiency ratio – adjusted(3) 58.59     60.29     59.43     60.36  

    (1)  Ratios are annualized where appropriate.
    (2)  Net interest income divided by average interest-earning assets.
    (3)  See Non-GAAP reconciliations below for adjustments.

      At or For the Three Months Ended
      June 30,
    2025    		   March 31,
    2025    		   December 31,
    2024    		   September 30,
    2024    		   June 30,
    2024
    Asset quality ratios                  
    Nonperforming assets to total assets(1) 0.67 %   0.61 %   0.63 %   0.64 %   0.54 %
    Nonperforming loans to total loans(1) 0.81     0.74     0.76     0.78     0.68  
    Total classified assets to total assets 1.07     0.85     1.06     0.99     0.91  
    Allowance for credit losses to nonperforming loans(1) 147.98     165.96     163.68     166.51     194.80  
    Allowance for credit losses to total loans 1.20     1.23     1.24     1.30     1.33  
    Net charge-offs to average loans (annualized) 0.21     0.14     0.19     0.42     0.27  
    Capital ratios                  
    Equity to total assets at end of period 12.65 %   12.41 %   12.01 %   11.64 %   11.21 %
    Tangible equity to total tangible assets(2) 11.91     11.65     11.25     10.88     10.44  
    Average equity to average assets 13.20     12.66     12.28     12.02     11.78  

    (1)  Nonperforming assets include nonaccruing loans and repossessed assets. There were no accruing loans more than 90 days past due at the dates indicated. At June 30, 2025, $6.1 million, or 20.4%, of nonaccruing loans were current on their loan payments as of that date.
    (2)  See Non-GAAP reconciliations below for adjustments.


    Loans

    (Dollars in thousands) June 30,
    2025    		   March 31,
    2025    		   December 31,
    2024    		   September 30,
    2024    		   June 30,
    2024
    Commercial real estate                  
    Construction and land development $ 267,494     $ 247,539     $ 274,356     $ 300,905     $ 316,050  
    Commercial real estate – owner occupied   561,623       570,150       545,490       544,689       545,631  
    Commercial real estate – non-owner occupied   877,440       867,711       866,094       881,340       892,653  
    Multifamily   113,416       118,094       120,425       114,155       92,292  
    Total commercial real estate   1,819,973       1,803,494       1,806,365       1,841,089       1,846,626  
    Commercial                  
    Commercial and industrial   367,359       349,085       316,159       286,809       266,136  
    Equipment finance   360,499       380,166       406,400       443,033       461,010  
    Municipal leases   168,623       163,554       165,984       158,560       152,509  
    Total commercial   896,481       892,805       888,543       888,402       879,655  
    Residential real estate                  
    Construction and land development   53,020       56,858       53,683       63,016       70,679  
    One-to-four family   640,287       631,537       630,391       627,845       621,196  
    HELOCs   205,918       199,747       195,288       194,909       188,465  
    Total residential real estate   899,225       888,142       879,362       885,770       880,340  
    Consumer   56,272       64,168       74,029       83,631       94,833  
    Total loans, net of deferred loan fees and costs   3,671,951       3,648,609       3,648,299       3,698,892       3,701,454  
    Allowance for credit losses – loans   (44,139 )     (44,742 )     (45,285 )     (48,131 )     (49,223 )
    Loans, net $ 3,627,812     $ 3,603,867     $ 3,603,014     $ 3,650,761     $ 3,652,231  


    Deposits

    (Dollars in thousands) June 30,
    2025    		   March 31,
    2025    		   December 31,
    2024    		   September 30,
    2024    		   June 30,
    2024
    Core deposits                  
    Noninterest-bearing accounts $ 698,843     $ 721,814     $ 680,926     $ 684,501     $ 683,346  
    NOW accounts   561,524       573,745       575,238       534,517       561,789  
    Money market accounts   1,323,762       1,357,961       1,341,995       1,345,289       1,311,940  
    Savings accounts   179,980       184,396       181,317       179,762       185,499  
    Total core deposits   2,764,109       2,837,916       2,779,476       2,744,069       2,742,574  
    Certificates of deposit   902,069       898,444       999,727       1,017,519       965,205  
    Total $ 3,666,178     $ 3,736,360     $ 3,779,203     $ 3,761,588     $ 3,707,779  

    Non-GAAP Reconciliations
    In addition to results presented in accordance with generally accepted accounting principles utilized in the United States (“GAAP”), this earnings release contains certain non-GAAP financial measures, which include: the efficiency ratio, tangible book value, tangible book value per share and the tangible equity to tangible assets ratio. The Company believes these non-GAAP financial measures and ratios as presented are useful for both investors and management to understand the effects of certain items and provide an alternative view of its performance over time and in comparison to its competitors. These non-GAAP measures have inherent limitations, are not required to be uniformly applied and are not audited. They should not be considered in isolation or as a substitute for total stockholders’ equity or operating results determined in accordance with GAAP. These non-GAAP measures may not be comparable to similarly titled measures reported by other companies.

    Set forth below is a reconciliation to GAAP of the Company’s efficiency ratio:

        Three Months Ended   Six Months Ended
    (Dollars in thousands)   June 30, 2025   March 31, 2025   June 30, 2025   June 30, 2024
    Noninterest expense   $ 31,255     $ 30,961     $ 62,216     $ 60,619  
                     
    Net interest income   $ 44,229     $ 42,907     $ 87,136     $ 83,941  
    Plus: tax-equivalent adjustment     431       418       849       704  
    Plus: noninterest income     10,157       8,027       18,184       16,924  
    Less: BOLI death benefit proceeds in excess of cash surrender value     —       —       —       1,143  
    Less: gain on sale of branches     1,448       —       1,448       —  
    Less: gain (loss) on sale of premises and equipment     28       —       28       (9 )
    Net interest income plus noninterest income – adjusted   $ 53,341     $ 51,352     $ 104,693     $ 100,435  
    Efficiency ratio   57.47 %   60.79 %   59.07 %   60.10 %
    Efficiency ratio – adjusted   58.59 %   60.29 %   59.43 %   60.36 %

    Set forth below is a reconciliation to GAAP of tangible book value and tangible book value per share:

        As of
    (Dollars in thousands, except per share data)   June 30,
    2025    		   March 31,
    2025    		   December 31,
    2024    		   September 30,
    2024    		   June 30,
    2024
    Total stockholders’ equity   $ 579,274     $ 565,449     $ 551,758     $ 540,004     $ 523,628  
    Less: goodwill, core deposit intangibles, net of taxes     38,477       38,793       39,189       39,626       40,063  
    Tangible book value   $ 540,797     $ 526,656     $ 512,569     $ 500,378     $ 483,565  
    Common shares outstanding     17,492,143       17,552,626       17,527,709       17,514,922       17,437,326  
    Book value per share   $ 33.12     $ 32.21     $ 31.48     $ 30.83     $ 30.03  
    Tangible book value per share   $ 30.92     $ 30.00     $ 29.24     $ 28.57     $ 27.73  

    Set forth below is a reconciliation to GAAP of tangible equity to tangible assets:

        As of
    (Dollars in thousands)   June 30,
    2025    		   March 31,
    2025    		   December 31,
    2024    		   September 30,
    2024    		   June 30,
    2024
    Tangible equity(1)   $ 540,797     $ 526,656     $ 512,569     $ 500,378     $ 483,565  
    Total assets     4,578,053       4,558,060       4,595,430       4,637,293       4,670,864  
    Less: goodwill, core deposit intangibles, net of taxes     38,477       38,793       39,189       39,626       40,063  
    Total tangible assets   $ 4,539,576     $ 4,519,267     $ 4,556,241     $ 4,597,667     $ 4,630,801  
    Tangible equity to tangible assets   11.91 %   11.65 %   11.25 %   10.88 %   10.44 %

    (1)  Tangible equity (or tangible book value) is equal to total stockholders’ equity less goodwill and core deposit intangibles, net of related deferred tax liabilities.

    The MIL Network –

  • MIL-OSI: Snail, Inc. Advances Stablecoin Initiative by Establishing a New Wholly Owned Subsidiary, Snail Coins LLC

    Source: GlobeNewswire (MIL-OSI)

    CULVER CITY, Calif., July 22, 2025 (GLOBE NEWSWIRE) — Snail, Inc. (Nasdaq: SNAL) (“Snail Games” or the “Company”), a leading global independent developer and publisher of interactive digital entertainment, today provided an update on its recently announced stablecoin initiative, establishing Snail Coins LLC, a wholly owned subsidiary of the Company, to serve as the dedicated entity responsible for the issuance, management, and operations of its proprietary USD-backed stablecoin project and other broader digital asset management initiatives.

    This move marks a milestone in the Company’s broader stablecoin initiative and broader digital asset management strategy, underscoring the Company’s plans to build a secure, scalable, and transparent digital asset ecosystem.

    The stablecoin project is aimed at delivering a secure, regulated, and scalable solution that addresses current market gaps in digital payments and on-chain financial infrastructure. The recent signing of the GENIUS (Guiding and Establishing National Innovation for U.S. Stablecoins) Act into law — which establishes a federal regulatory framework for USD-backed stablecoins — creates a more uniform regulatory structure for stablecoin and has added momentum to the Company’s exploration of a proprietary stablecoin initiative. The Company believes this new regulatory development will enhance market trust, attract institutional interest, and accelerate the broader adoption of compliant digital financial solutions.

    “With the GENIUS Act signed into law, we believe the regulatory landscape is beginning to align with the pace of innovation in digital finance,” said Snail, Inc. co-CEO Hai Shi. “The timing of this development couldn’t be more aligned with our own efforts, as we now establish a dedicated subsidiary for our stablecoin and our broader digital asset management initiatives. We view the formation of Snail Coins LLC as more than a corporate structuring move – it’s the beginning of a strategic commitment to the integrity, success, and vision of the project.”

    About Snail, Inc.
    Snail, Inc. (Nasdaq: SNAL) is a leading, global independent developer and publisher of interactive digital entertainment for consumers around the world, with a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PCs, and mobile devices. For more information, please visit: https://snail.com/.

    Forward-Looking Statements
    This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified by the use of forward-looking words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “may,” “predict,” “continue,” “estimate” and “potential,” or the negative of these terms or other similar expressions. Forward-looking statements appear in a number of places in this press release and in our public filings with the SEC and include, but are not limited to, statements regarding (i) the evaluation and feasibility for introduction of Snail’s own proprietary stablecoin and any future implementation, which will depend on multiple factors, including regulatory considerations, technical readiness, risk assessments and strategic alignment with Snail’s core business, and (ii) Snail’s belief that the GENIUS Act will enhance market trust, attract institutional interest, and accelerate the broader adoption of compliant digital financial solutions. You should carefully consider the risks and uncertainties described in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, which was filed by the Company with the SEC on March 26, 2025 and other documents filed by the Company from time to time with the SEC, including the Company’s Forms 10-Q filed with the SEC. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.

    Disclaimer:
    This press release does not constitute an offer, sale or solicitation of an offer to buy any digital asset or security. The Company has not committed to a specific launch timeline or use case deployment. Any future implementation will depend on multiple factors, including regulatory considerations, technical readiness, risk assessments and strategic alignment with Snail’s core business. Snail may determine at any time to abandon its current intent to explore the issuance of a proprietary US dollar-backed stablecoin.

    Investor Contact:
    John Yi and Steven Shinmachi
    Gateway Group, Inc.
    949-574-3860
    SNAL@gateway-grp.com 

    The MIL Network –

  • MIL-OSI: Brag House Files First Quarterly Report as Public Company Highlighting Strengthened Balance Sheet, Strategic Partnership with Learfield, and Platform Readiness for Fall Expansion

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 22, 2025 (GLOBE NEWSWIRE) — Brag House Holdings, Inc. (NASDAQ: TBH) (“Brag House” or the “Company”), the Gen Z engagement platform operating at the intersection of gaming, college sports, and digital media, today announced the filing of its Form 10-Q for the quarter ended March 31, 2025. This is the Company’s first quarterly report since becoming a publicly listed company in March.

    The filing reflects significant balance sheet improvements following the Company’s initial public offering, as well as strategic positioning ahead of key growth initiatives scheduled for later this year.

    Key Highlights from the Q1 2025 Filing:

    • Strengthened Capital Position: As of March 31, 2025, the Company held $3.5 million in cash, bolstered by net proceeds from its IPO.
    • Convertible Debt Eliminated: All $6.6 million of convertible debt including accrued interest was eliminated through equity conversion, significantly strengthening the Company’s financial foundation.
    • Balance Sheet Turnaround: Brag House moved from a $8.5 million deficit to a $1.6 million surplus in stockholders’ equity during the quarter, reflecting strong investor confidence as evidenced by the Company’s IPO and the full exercise of the Overallotment option.

    “This quarter validates the strategy we set in motion leading up to our IPO,” said Lavell Juan Malloy II, CEO and Co-Founder of Brag House. “We’ve entered the public markets with a strong balance sheet and a clear plan for scaling revenue, data capabilities, and brand partnerships.”

    Strategic Partnership with Learfield Fuels Fall Activation

    In Q1, the Company secured a strategic partnership with Learfield Communications, the media and technology powerhouse in college athletics. Through this agreement, Brag House gains access to more than 200 NCAA collegiate properties, including premier football programs and student communities.

    Following several successful beta activations, including the inaugural Brag Gators Gauntlet at the University of Florida on May 17, 2025, Brag House is now preparing to launch the Brag Gators series this fall, aligned with the college football season.

    This partnership underpins the Company’s multi-layered revenue model and supports its evolution into a data-driven platform that delivers anonymized Gen Z behavioral insights to brand partners seeking to lower customer acquisition costs and optimize campaign engagement.

    Zacks Valuation Signals Upside Potential

    On July 9, 2025, Zacks Small-Cap Research initiated coverage on Brag House with a $4.40 valuation target — more than [6x] the Company’s current share price based on the closing price as of July 21, 2025. The report underscores Brag House’s differentiated Gen Z-first model and scalable growth potential.

    “We are honored to be recognized by Zacks for the strategic and structural foundation we’ve built,” added Malloy. “Like Zacks, we believe Brag House is uniquely positioned to scale into a $6.7 billion Total Addressable Market focused on Gen Z.”

    About Brag House

    Brag House is a leading media technology platform dedicated to transforming casual college gaming into a vibrant, community-driven experience. By merging gaming, social interaction, and collegiate culture, Brag House enables brands to authentically connect with the influential Gen Z demographic through gamified experiences, live-streaming content, and scalable data insights. For more information, visit www.braghouse.com.

    Media Contact
    Fatema Bhabrawala
    Director of Media Relations
    fbhabrawala@allianceadvisors.com

    Investor Relations Contact
    Adele Carey
    VP, Investor Relations
    ir@thebraghouse.com 

    The MIL Network –

  • MIL-OSI: Liberty Gold to Present at the Metals & Mining Virtual Investor Conference July 23, 2025

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, July 22, 2025 (GLOBE NEWSWIRE) — Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF), (“Liberty Gold” or the “Company”), based in Vancouver, B.C. and focused on developing open pit oxide deposits in the Great Basin of the United States, today announced that Jon Gilligan, President and CEO, will present live at the Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com on July 23, 2025.

    DATE: July 23, 2025
    TIME: 11:30AM ET
    LINK: REGISTER HERE
    Available for 1×1 meetings: July 23 and 24, 2025

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.  

    Learn more about the event at www.virtualinvestorconferences.com.

    ABOUT LIBERTY GOLD
    Liberty Gold is focused on developing open pit oxide gold deposits in the Great Basin of the United States, home to large-scale gold projects that are ideally suited for open-pit mining and heap leach processing. This region is one of the most prolific gold-producing regions in the world and stretches across Nevada and into Idaho, Utah and Arizona. The Company is advancing the Black Pine Project in southeastern Idaho, a past-producing, Carlin-style oxide gold system with a large, growing resource and strong economic potential. We know the Great Basin and are driven to acquire, discover and develop significant gold deposits that can be mined profitably through open-pit heap leaching scenarios and in an environmentally responsible manner.

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    Susie Bell, Manager Investor Relations
    Liberty Gold Corp.
    Phone: 604-632-4677 or Toll Free 1-877-632-4677
    info@libertygold.ca
    For more information, visit libertygold.ca

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com 

    The MIL Network –

  • MIL-OSI: Liberty Gold to Present at the Metals & Mining Virtual Investor Conference July 23, 2025

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, July 22, 2025 (GLOBE NEWSWIRE) — Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF), (“Liberty Gold” or the “Company”), based in Vancouver, B.C. and focused on developing open pit oxide deposits in the Great Basin of the United States, today announced that Jon Gilligan, President and CEO, will present live at the Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com on July 23, 2025.

    DATE: July 23, 2025
    TIME: 11:30AM ET
    LINK: REGISTER HERE
    Available for 1×1 meetings: July 23 and 24, 2025

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.  

    Learn more about the event at www.virtualinvestorconferences.com.

    ABOUT LIBERTY GOLD
    Liberty Gold is focused on developing open pit oxide gold deposits in the Great Basin of the United States, home to large-scale gold projects that are ideally suited for open-pit mining and heap leach processing. This region is one of the most prolific gold-producing regions in the world and stretches across Nevada and into Idaho, Utah and Arizona. The Company is advancing the Black Pine Project in southeastern Idaho, a past-producing, Carlin-style oxide gold system with a large, growing resource and strong economic potential. We know the Great Basin and are driven to acquire, discover and develop significant gold deposits that can be mined profitably through open-pit heap leaching scenarios and in an environmentally responsible manner.

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    Susie Bell, Manager Investor Relations
    Liberty Gold Corp.
    Phone: 604-632-4677 or Toll Free 1-877-632-4677
    info@libertygold.ca
    For more information, visit libertygold.ca

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com 

    The MIL Network –

  • MIL-OSI: Metals & Mining Virtual Investor Conference Agenda Announced for July 23rd and 24th

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 22, 2025 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series announced the agenda for the Metals & Mining Virtual Investor Conference to be held July 23rd and 24th.

    Individual investors, institutional investors, advisors, and analysts are invited to attend.

    REGISTER HERE

    It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations, or schedule 1×1 meetings with management.

    “We’re pleased to bring together a diverse lineup of resource companies for this new edition of the Metals & Mining Virtual Investor Conference,” said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. “From explorers to producers, these companies reflect the depth and global reach of today’s metals and mining sector. This two-day event continues to be an effective platform for companies—whether OTCQX, OTCQB, OTCID, or exchange listed—to connect with investors and share their strategic vision in real time.”

    July 23rd


    July 24    th

    To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com.

    About Virtual Investor Conferences®

    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    Media Contact: 
    OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com

    Virtual Investor Conferences Contact:
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

  • MIL-OSI: Metals & Mining Virtual Investor Conference Agenda Announced for July 23rd and 24th

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 22, 2025 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series announced the agenda for the Metals & Mining Virtual Investor Conference to be held July 23rd and 24th.

    Individual investors, institutional investors, advisors, and analysts are invited to attend.

    REGISTER HERE

    It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations, or schedule 1×1 meetings with management.

    “We’re pleased to bring together a diverse lineup of resource companies for this new edition of the Metals & Mining Virtual Investor Conference,” said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. “From explorers to producers, these companies reflect the depth and global reach of today’s metals and mining sector. This two-day event continues to be an effective platform for companies—whether OTCQX, OTCQB, OTCID, or exchange listed—to connect with investors and share their strategic vision in real time.”

    July 23rd


    July 24    th

    To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com.

    About Virtual Investor Conferences®

    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    Media Contact: 
    OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com

    Virtual Investor Conferences Contact:
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

  • MIL-OSI: JMU experts offer back-to-school insights on AI, student wellness, and more

    Source: GlobeNewswire (MIL-OSI)

    HARRISONBURG, Va., July 22, 2025 (GLOBE NEWSWIRE) — As AI becomes increasingly embedded in college life, James Madison University is equipping students and faculty with the tools to think critically about its use. Professor Philip Frana, a leading voice on the ethical and educational implications of AI, urges the campus community to go beyond simply using AI — and start questioning it. 

    Topics Frana is available to discuss include: 

    • – Conformity risks: How AI-generated content may push students toward generic, conformist and even mediocre expression. 
    • – The value of originality: How tools that reduce originality or ingenuity have no place in higher education. “AI can aid brainstorming,” he said, “but it can’t replace an authentic student question or genuine personal insight.” 
    • – The design of dependency: How AI interfaces, like social media, are designed to be habit-forming, encouraging overreliance on automation. 
    • – The role of higher education: How universities must guide educators to use AI responsibly in the service of society and empower them to contribute directly to AI innovation on campus. 
    • – The future of education: How AI will increase the need for a university education that encourages critical thinking and fosters ethical reasoning.  

    In addition to Frana, the following experts are available to discuss students’ health and wellness, learning routines, budgeting and dating habits: 

    John Almarode, a professor in the College of Education, researches transitions, recalibrating routines and enhancing learner readiness. 

    Jeremy Akers, a professor in the College of Health and Behavioral Studies, researches nutrition, exercise and weight management. 

    Trent Hargens, a professor in the College of Health and Behavioral Studies, researches the physiological links between sleep quality, physical activity and sedentary behavior. 

    Ron Rubin, a lecturer in the College of Business, helps students understand the importance of personal financing, identifying basic budgeting strategies, how to build creditworthiness and saving for retirement. 

    Dayna Henry, a professor in the College of Health and Behavioral Studies, studies sexuality education and can discuss sexual assault prevention and sexual and relationship health. 

    Jennie Rosier, a professor in the College of Arts and Letters, researches romantic and parent-child relationships and has done several interviews recently on Gen Z dating habits. 

    To arrange an interview with these experts, please contact Chad Saylor at saylorcx@jmu.edu  or Eric Gorton at gortonej@jmu.edu 

    The MIL Network –

  • MIL-OSI: Schurz Communications Appoints John Smarrella as General Counsel

    Source: GlobeNewswire (MIL-OSI)

    MISHAWAKA, Ind., July 22, 2025 (GLOBE NEWSWIRE) — Schurz Communications, Inc. (“Schurz”) today announced that John Smarrella, Esq. has been appointed as General Counsel, effective July 28, 2025. As General Counsel, Smarrella will join the executive leadership team to manage and direct Schurz’s legal and enterprise risk management operations.

    “We are excited to welcome John to the Schurz team,” said John Reardon, President and CEO, Schurz Communications. “He brings decades of legal expertise and a wealth of knowledge of our family-owned business, having worked as outside counsel to the Company for the past decade. He is a team player who works productively with our shareholders, executives, and board to achieve successful results. John will be a valuable addition to the business as we continue to grow and expand.”

    Smarrella brings more than two decades of legal expertise as a corporate and M&A transactional attorney with a strong background of serving as outside counsel for closely held and family-owned businesses. Prior to joining Schurz Communications, he was a partner at Barnes & Thornburg, one of the 100 largest law firms in the United States. With a concentration in corporate and business law, he has deep experience in acquisitions, joint ventures, minority investments, as well as contracts, regulations, policies, and more. Smarrella earned a J.D. (magna cum laude) from the University of Notre Dame and holds a Bachelor of Science (magna cum laude) in Business and History/Political Science from Greenville University.

    “Schurz is a multi-generational family business that has stood the test of time, evolving and advancing to become a leader in connecting and empowering people through innovative technologies,” said Smarrella. “I greatly admire the entire team and am excited to join this dynamic company. I look forward to contributing to the future of the business.”

    Smarrella will be based in the Schurz Communications headquarters office in Mishawaka, Indiana.

    About Schurz Communications
    Schurz is a family-owned corporation that has been helping businesses, communities and individuals make meaningful connections for five generations. The Schurz legacy began in newspaper publishing, radio, and television, and today, the company remains committed to making information more accessible through the platforms and technology of the digital age. Schurz Communications’ recent investments include regional broadband companies and cloud managed services providers, and the company’s portfolio also includes a variety of minority investments. For more information, visit: www.schurz.com.

    The MIL Network –

  • MIL-OSI: LPL Financial Welcomes Gallagher Wealth Management

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, July 22, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that Kevin Gallagher, AIF®, of Gallagher Wealth Management has joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. He reported serving approximately $180 million in advisory, brokerage and retirement plan assets* and joins LPL from Lincoln Investment.

    Located north of Washington D.C. in Brookeville, Md., Gallagher started in the wealth management industry as a floor trader in 1997 following a career in the U.S. Marines. Now, with nearly two decades of financial industry experience, Gallagher has established a reputation as an advisor who takes an individualized approach to wealth management, offering clients — who are mostly former or current federal employees or members of the military — a personalized and collaborative experience.

    “We believe that an advisor’s role is to provide sage advice to their clients,” Gallagher said. “At our practice, we take a collective approach to fostering a deep understanding of our clients’ unique circumstances, motivations and fiscal goals and then educating them on the most appropriate strategies to help them work towards their long- and short-term goals.”

    Looking for more autonomy, flexibility and a more robust technology platform, the Gallagher Wealth Management team, which includes fellow advisors U.S. Army veteran James Horris, AIF®, CEPA®, Brandon Hsia, Leslie Weigand and their support staff, turned to LPL.

    “LPL’s culture, industry reputation and integrated and streamlined technology were exactly what we were looking for in our pursuit to provide an elevated client experience and take our business to the next level,” Gallagher said. “Everything LPL offers — including the fact that they are self-clearing — will make it easier for us to run our business more efficiently and spend more time with our clients.”

    Scott Posner, LPL Executive Vice President, Business Development, said, “We welcome Kevin and the rest of the Gallagher Wealth Management team to LPL and congratulate them on this next phase of their business. As a leading wealth management firm, LPL is committed to delivering innovative technology and comprehensive business solutions that help advisors differentiate their practices and increase value for their clients. We look forward to supporting Gallagher Wealth Management for years to come.”

    Related

    Advisors, learn how LPL Financial can help take your business to the next level.

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports nearly 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC.

    Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial. Gallagher Wealth Management and LPL Financial are separate entities.

    We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

    *Value approximated based on asset and holding details provided to LPL from end of year, 2024.

    Media Contact: 
    Media.relations@LPLFinancial.com 

    Tracking #771615

    The MIL Network –

  • MIL-OSI: Grasping Solana’s bull market target of $6,000, GoldenMining launches cloud staking contracts

    Source: GlobeNewswire (MIL-OSI)

    London, England, July 22, 2025 (GLOBE NEWSWIRE) — As the volatility of the crypto market intensifies, many investors are hesitant about their positions: should they clear their positions or reduce their positions? Or look for a more stable investment method. GoldenMining launches Solana cloud staking contracts to help investors easily realize asset appreciation.

    Solana’s technology and ecology are constantly improving, and the market is generally optimistic about its future growth potential, with a target price of around $6,000. The network activity and total locked value have grown steadily, showing strong momentum.

    Solana uses a staking mechanism to support network security, and coin holders receive rewards through staking. After users purchase GoldenMining contracts, the platform manages the staking on their behalf, and the income is settled daily, without user operation, safe and stable.

    Mining Solana: Popular Contract Recommendations

    contract Investment Amount Contract Rewards Total income
    VOLCMINER D1 Lite $15 $0.6 $15.6
    Elphapex DG1+ $100 $3 $106
    Bitmain S23 Hyd $500 $32.5 $532.5
    AntminerL916GH $1000   $135 $1135
    L917GH $3000  $621 $3621
    ElphaPex DG Hydro1 $5000 $1400 $6400
    Elphapex DG2 – 25-Day  $8000 $2900 $10900
    Elphapex DG2+ – 30-Day $15000 $6750 $21750

    A brief introduction: What is Solana staking contract

    In actual operation, Solana’s staking is different from traditional “mining”. It is to participate in network consensus and obtain rewards by entrusting the SOL held to the verification node. In order to lower the technical threshold, GoldenMining has contracted this process and launched the Solana cloud staking contract. Users do not need to build nodes or configure wallets. After purchasing the contract, the platform will complete the staking on their behalf. The income is distributed daily and the process is transparent

    How to participate in the Solana cloud staking contract

    Visit the GoldenMining official website, complete the registration and activate the account. The system will automatically issue a $15 trial fund. You can try the SOL contract directly without recharging, and experience the income and platform operation first.

    Flexible and convenient multi-currency recharge: The platform supports the recharge and withdrawal of multiple mainstream cryptocurrencies such as Solana (SOL), Bitcoin (BTC), Ethereum (ETH), XRP, Dogecoin (DOGE), etc., with simple operation and fast arrival, meeting the usage habits and capital needs of different users.

    Choose a contract

    According to the funds and needs, choose a suitable Solana staking contract, you can start the cloud miner, and the platform will automatically convert the funds and stake Solana on your behalf. After the contract is signed, the system will automatically settle the income into the account every day, and the income can be generated within 24 hours without manual operation by the user.

    Daily income

    After the contract is activated, the user will receive stable income every day, without manual operation, and support withdrawal or reinvestment at any time.

    The user’s funds are safely stored in a first-tier bank, and all users’ personal information is protected by SSL encryption. The platform provides insurance for each investment, which is underwritten by AIG Insurance Company to ensure the safety of users’ funds

    Looking forward to the future, win-win cooperation

    With the continuous maturity of blockchain technology and Solana ecology, staking has become an important means of asset appreciation. GoldenMining keeps pace with the development of the industry and is committed to providing investors with safe and convenient staking services. Through professional management and continuous optimization, the platform helps users to obtain stable income and effectively reduce the risks brought by market fluctuations. In the future, GoldenMining will continue to pay attention to market trends, improve the service system, and help investors seize Solana’s growth opportunities and achieve steady wealth improvement.

    For more information, please visit the official website: www.Goldenmining.com
    For business cooperation, please contact the official email: info@Goldenmining.com

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    The MIL Network –

  • MIL-OSI: Micron Launches Space-Qualified Portfolio to Power Mission-Critical Data for Aerospace Innovation

    Source: GlobeNewswire (MIL-OSI)

    BOISE, Idaho, July 22, 2025 (GLOBE NEWSWIRE) — Micron Technology, Inc. (Nasdaq: MU), the only-U.S. based memory manufacturer, announced today that it is launching the industry’s highest-density, radiation-tolerant single-layer cell (SLC) NAND product. With a die capacity of 256 gigabits (Gb), this product is the first in a portfolio that will include space-qualified NAND, NOR and DRAM solutions. The product is available now and represents the first in its class to be offered by any major memory manufacturer.

    The space economy is skyrocketing, fueled by rapid growth in commercial and government missions. As computing and AI evolve, demand is rising for high-performance technology capable of processing data directly in orbit. AI-enabled edge computing is transforming space operations: allowing spacecraft to analyze sensor data, detect anomalies and make decisions autonomously, reducing reliance on Earth-based systems and preserving bandwidth.

    “Micron’s radiation-tolerant memory is essential for storing and processing data as we push the boundaries of computing in space,” said Kris Baxter, corporate vice president and general manager of Micron’s Automotive and Embedded Business Unit. “As AI expands in space operations — from autonomous navigation to real-time analysis — Micron is increasing our focus on delivering solutions that enable the resilience and intelligence needed for next-gen aerospace missions.”

    A Media Snippet accompanying this announcement is available by clicking on this link.

    Micron SLC NAND: Tested for space’s extreme environment and ready for launch 

    Spaceborne technologies must withstand harsh environmental conditions to deliver successful mission results. These challenges include extreme temperatures, shock and vibration, vacuum pressure, and radiation exposure from solar energetic particles and galactic cosmic rays.

    To verify its radiation-tolerant NAND can meet customers’ requirements, Micron arranges:

    • Extended quality and performance testing, aligned with NASA’s PEM-INST-001 Level 2 flow, which subjects components to a yearlong screening, including extreme temperature cycling, defect inspections and 590 hours of dynamic burn-in to enable spaceflight reliability.
    • Radiation characterization for total ionizing dose (TID) testing, aligned with U.S. military standard MIL-STD-883 TM1019 condition D, which measures the cumulative amount of gamma radiation that a product can absorb in a standard operating environment in orbit and remain functional, a measurement that is critical in determining mission life cycle.
    • Radiation characterization for single event effects (SEE) testing, aligned with the American Society for Testing Materials flow ASTM F1192 and the Joint Electronic Device Engineering Council (JEDEC) standard JESD57. SEE testing evaluates the impact of high-energy particles on semiconductors and verifies that components can operate safely and reliably in harsh radiation environments, reducing the risk of mission failure. This profiling information enables space engineers and architects to design in a way that mitigates the risk and disruption to the mission.

    Micron in action: Powering Earth science research for NASA’s Jet Propulsion Laboratory

    With its DNA in the industrial and automotive markets, Micron has deep expertise in ruggedizing embedded memory and storage for operations at the edge — from factory automation to intelligent vehicles.

    While this is its first officially space-qualified product, Micron’s NAND flash is already flying on missions through collaborations and customer testing.

    One key partner, Mercury Systems, uses Micron memory in its solid-state data recorders (SSDRs) — equipment that captures and stores vast amounts of scientific and engineering data critical for missions. These SSDRs are currently aboard NASA’s Earth Surface Mineral Dust Source Investigation (EMIT), an imaging spectrometer built by NASA’s Jet Propulsion Laboratory and launched to the International Space Station in 2022. The spectrometer’s original mission was to gather data on the world’s arid regions, mapping the composition of mineral dust to better understand the effects on Earth and human populations. EMIT’s spectroscopic data has also proven useful for studying such varied topics as water resources, rare earth elements and agriculture.

    “Modern space systems are capturing higher volumes of more complex data, demanding solutions that provide vastly more capacity in compact packages — all while operating reliably in space’s high-radiation environment for many years,” said Vincent Pribble, principal product manager at Mercury Systems. “At the heart of Mercury’s data recorders, Micron’s flash memory has proven to be highly reliable in orbit — helping us enable groundbreaking missions and scientific research that is expanding our understanding of our planet and beyond.”

    With EMIT capturing 100,000 spectra per second, Micron’s high-density, radiation-tolerant memory provides reliable, long-term data storage and processing vital for mission success.

    Micron’s strategy: Expanding aerospace industry support with end-to-end supply chain 

    As the only U.S.-based memory manufacturer, Micron provides the end-to-end supply chain control paramount for aerospace and government sectors, providing quality, longevity, security, traceability and supply continuity. This advantage is bolstered by recently announced plans to strengthen Micron’s U.S.-based manufacturing. These plans include modernizing the company’s Manassas, Virginia, facility and expanding its portfolio of NOR, SLC NAND and DDR3, with longevity supply of DDR4 and LPDDR4 for critical applications such as aerospace.

    Leveraging Micron’s decades of experience in customer engineering labs that enable collaboration, the company is extending its capabilities to support the rapidly growing aerospace industry by building specialized regional customer labs and technical support and architecture teams. Micron is also optimizing a manufacturing process for aerospace solutions, enabling quality — from precision engineering to raw wafer selection to compliance — and addressing critical challenges faced by space platform developers.

    Building on its newly launched aerospace portfolio, Micron plans to introduce additional space-qualified memory and storage solutions in the coming year and beyond to address the evolving demands of next-generation space missions.

    Additional resources:

    About Micron Technology, Inc.
    Micron Technology, Inc. is an industry leader in innovative memory and storage solutions, transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.

    © 2025 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.

    Micron Product and Technology Communications Contact:
    Mengxi Liu Evensen
    +1 (408) 444-2276
    productandtechnology@micron.com

    Micron Investor Relations Contact
    Satya Kumar
    +1 (408) 450-6199
    satyakumar@micron.com    

    The MIL Network –

  • MIL-OSI: Fortinet Advances Quantum-Safe Security to Guard against Emerging Quantum Threats

    Source: GlobeNewswire (MIL-OSI)

    SUNNYVALE, Calif., July 22, 2025 (GLOBE NEWSWIRE) —

    News Summary
    Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced expanded innovations within its unified operating system, FortiOS, that protect against quantum-computing threats to current encryption standards. The latest FortiOS capabilities help organizations with highly sensitive data deploy encryption algorithms and key distribution methods that can withstand quantum-powered attacks, stack algorithms for more robust protection, and easily transition to post-quantum security.

    “At Fortinet, we’re committed to arming customers with cutting-edge technology to protect against new and emerging threats. As quantum computing advances, organizations can trust Fortinet’s technology innovation and leadership to safeguard their critical data and future-proof their infrastructures,” said Michael Xie, Founder, President, and Chief Technology Officer at Fortinet. “Many enterprises are eager to take action to protect their networks from quantum-powered threats. That’s why we’ve made cutting-edge, quantum-safe features available today for FortiGate NGFW and Fortinet Secure SD-WAN customers, so they can confidently transition to post-quantum security.”

    Organizations Handling Sensitive Information Need Quantum-Safe Encryption Now
    Quantum computers can perform complex calculations at unprecedented speeds and can easily break current encryption standards. Cybercriminals are already storing encrypted traffic to decrypt in the future, with a particular focus on industries that handle highly sensitive data that remains relevant over long periods, such as telecommunications, financial services, government, and healthcare.

    • FortiOS: ready for the post-quantum world
      With FortiOS 7.6, organizations, such as those using FortiGate next-generation firewall (NGFW) and Fortinet Secure SD-WAN, can now leverage built-in quantum-safe features designed to defend against emerging threats, including harvest-now, decrypt-later (HNDL) attacks. These capabilities help secure network traffic, simplify deployment, and support a smooth transition to post-quantum security. Customers have access to the following quantum-safe features at no additional cost: Post-quantum cryptography (PQC) methods, including National Institute of Standards and Technology (NIST)-approved algorithms like ML-KEM and emerging algorithms like BIKE, HQC, and Frodo.
    • Quantum key distribution (QKD), leveraging quantum mechanics to enable the secure exchange of encryption keys, ensures that any eavesdropping attempts are detectable. Fortinet introduced support for QKD integrations starting with FortiOS 7.4, enabling interoperability with leading QKD vendors via standardized interfaces. This capability underscores Fortinet’s proactive approach to quantum-resilient network security by integrating quantum-safe key exchange mechanisms into its NGFW architecture.
    • Algorithm stacking, which combines multiple cryptographic algorithms to create a more resilient solution and enhance network infrastructure security.
    • A hybrid mode for gradual transition to post-quantum security that enables seamless integration of traditional public-key cryptography and QKD.
    • An enhanced user interface that simplifies the configuration and management of quantum-safe settings so that network administrators can implement quantum-safe security easily.

    Proven Innovation You Can Trust
    Fortinet was founded on the principle of converging networking and security through a single operating system. This unique approach enables Fortinet to deploy cutting-edge updates, such as quantum-safe innovations, across its unified operating system, helping customers future-proof their security postures.

    Additional Resources

    About Fortinet
    Fortinet (Nasdaq: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere our customers need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet’s solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. Collaboration with esteemed organizations from both the public and private sectors, including Computer Emergency Response Teams (“CERTS”), government entities, and academia, is a fundamental aspect of Fortinet’s commitment to enhance cyber resilience globally. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.

    Copyright © 2025 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAIOps, FortiAgent, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiCNP, FortiConnect, FortiController, FortiConverter, FortiCSPM, FortiCWP, FortiDAST, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiDLP, FortiEdge, FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFlex FortiFone, FortiGSLB, FortiGuest, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMonitor, FortiNAC, FortiNDR, FortiPAM, FortiPenTest, FortiPhish, FortiPoint, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiScanner, FortiSDNConnector, FortiSIEM, FortiSMS, FortiSOAR, FortiSRA, FortiStack, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM, FortiXDR and Lacework FortiCNAPP. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments.

    The MIL Network –

  • MIL-OSI: Applied Rating Index Q2 2025 Results Released

    Source: GlobeNewswire (MIL-OSI)

    Toronto, ON, July 22, 2025 (GLOBE NEWSWIRE) — Applied Systems® today announced the second quarter of 2025 results of the Applied Rating Index™, the Canadian insurance industry’s premium rate index. In Q2 2025, average premiums for both Personal Auto lines and Personal Property lines increased year over year. Quarter over quarter, premium rate change increased for Personal Auto and for Personal Property compared to Q2 2024.

    For Personal Auto, all provinces experienced an increase year over year, with Ontario seeing the highest at 18.5% and Alberta the lowest at 10.6%. For Personal Property lines, all provinces experienced an increase in premium rate change year over year. Quebec saw the highest premium rate change at 10.1% and British Columbia experienced the lowest at 1.0%

    Key findings for Q2 2025 include:

    • Personal Auto: In Q2 2025, Personal Auto premium rate change increased 14.9% versus Q2 2024. Personal Auto premium rate change increased 3.3% versus Q1 2025.
    • Personal Property: In Q2 2025, Personal Property premium rate change increased 6.9% versus Q2 2024. Personal Property premium rate change increased 3.4% versus Q1 2025.
    • Provinces: Across Personal Auto, all provinces experienced increased premium rate change year over year with Alberta, Ontario, Quebec and the Atlantic Provinces seeing 10.6%, 18.5%, 13.7% and 15.7% respectively. Relative to Q1 2025, all provinces saw increases in premium rate change quarter over quarter with Alberta, Ontario, Quebec and the Atlantic Provinces at, 3.0%, 4.4%, 1.2% and 2.7% respectively.

    Personal Property lines experienced increased year over year premium rate change across all provinces. Alberta, British Columbia, Ontario, Quebec, the Atlantic Provinces and Saskatchewan & Manitoba saw increases in premium rate change year over year with 9.5%, 1.0%, 5.0%, 10.1%, 7.1% and 9.4% respectively. Relative to Q1 2025, Alberta, British Columbia, Ontario, Quebec, the Atlantic Provinces and Saskatchewan & Manitoba all saw increases quarter over quarter of 5.9%, 1.7%, 1.8%, 1.3%, 3.0% and 3.9%.

    “It is evident that rising auto premiums are not just a short-term fluctuation but a trend across the country,” said Steve Whitelaw, SVP and general manager, Applied Systems Canada. “We also see that the Homeowners rates are under similar upward pressure.  The Applied Rating Index will continue to monitor rates across both personal auto and property lines, serving as a reliable measure of overall market activity.”

    The Applied Rating Index is a data-driven report of current conditions and trends for Personal Auto and Personal Property (Homeowners) insurance premium rates. Analyzing quotes completed, the Applied Rating Index measures the increase or decrease in average premium rate trends across Canada. The Applied Rating Index is the most complete depiction of the premium rate trends being experienced by consumers, brokerages, and their insurers across the Canadian market.

    Access the complete quarterly report here.

    # # #

    Applied Rating Index is a trademark of Applied Systems, Inc. All data is fully anonymized when aggregating and analyzing the Applied Rating Index.

    About Applied Systems
    Applied Systems is the leading global provider of cloud-based software that powers the business of insurance. Recognized as a pioneer in insurance automation and the innovation leader, Applied is the world’s largest provider of agency and brokerage management systems, serving customers throughout the United States, Canada, the Republic of Ireland, and the United Kingdom. By automating the insurance lifecycle, Applied’s people and products enable millions of people around the world to safeguard and protect what matters most.

    The MIL Network –

  • MIL-OSI: Applied Rating Index Q2 2025 Results Released

    Source: GlobeNewswire (MIL-OSI)

    Toronto, ON, July 22, 2025 (GLOBE NEWSWIRE) — Applied Systems® today announced the second quarter of 2025 results of the Applied Rating Index™, the Canadian insurance industry’s premium rate index. In Q2 2025, average premiums for both Personal Auto lines and Personal Property lines increased year over year. Quarter over quarter, premium rate change increased for Personal Auto and for Personal Property compared to Q2 2024.

    For Personal Auto, all provinces experienced an increase year over year, with Ontario seeing the highest at 18.5% and Alberta the lowest at 10.6%. For Personal Property lines, all provinces experienced an increase in premium rate change year over year. Quebec saw the highest premium rate change at 10.1% and British Columbia experienced the lowest at 1.0%

    Key findings for Q2 2025 include:

    • Personal Auto: In Q2 2025, Personal Auto premium rate change increased 14.9% versus Q2 2024. Personal Auto premium rate change increased 3.3% versus Q1 2025.
    • Personal Property: In Q2 2025, Personal Property premium rate change increased 6.9% versus Q2 2024. Personal Property premium rate change increased 3.4% versus Q1 2025.
    • Provinces: Across Personal Auto, all provinces experienced increased premium rate change year over year with Alberta, Ontario, Quebec and the Atlantic Provinces seeing 10.6%, 18.5%, 13.7% and 15.7% respectively. Relative to Q1 2025, all provinces saw increases in premium rate change quarter over quarter with Alberta, Ontario, Quebec and the Atlantic Provinces at, 3.0%, 4.4%, 1.2% and 2.7% respectively.

    Personal Property lines experienced increased year over year premium rate change across all provinces. Alberta, British Columbia, Ontario, Quebec, the Atlantic Provinces and Saskatchewan & Manitoba saw increases in premium rate change year over year with 9.5%, 1.0%, 5.0%, 10.1%, 7.1% and 9.4% respectively. Relative to Q1 2025, Alberta, British Columbia, Ontario, Quebec, the Atlantic Provinces and Saskatchewan & Manitoba all saw increases quarter over quarter of 5.9%, 1.7%, 1.8%, 1.3%, 3.0% and 3.9%.

    “It is evident that rising auto premiums are not just a short-term fluctuation but a trend across the country,” said Steve Whitelaw, SVP and general manager, Applied Systems Canada. “We also see that the Homeowners rates are under similar upward pressure.  The Applied Rating Index will continue to monitor rates across both personal auto and property lines, serving as a reliable measure of overall market activity.”

    The Applied Rating Index is a data-driven report of current conditions and trends for Personal Auto and Personal Property (Homeowners) insurance premium rates. Analyzing quotes completed, the Applied Rating Index measures the increase or decrease in average premium rate trends across Canada. The Applied Rating Index is the most complete depiction of the premium rate trends being experienced by consumers, brokerages, and their insurers across the Canadian market.

    Access the complete quarterly report here.

    # # #

    Applied Rating Index is a trademark of Applied Systems, Inc. All data is fully anonymized when aggregating and analyzing the Applied Rating Index.

    About Applied Systems
    Applied Systems is the leading global provider of cloud-based software that powers the business of insurance. Recognized as a pioneer in insurance automation and the innovation leader, Applied is the world’s largest provider of agency and brokerage management systems, serving customers throughout the United States, Canada, the Republic of Ireland, and the United Kingdom. By automating the insurance lifecycle, Applied’s people and products enable millions of people around the world to safeguard and protect what matters most.

    The MIL Network –

  • MIL-OSI: Cequence Security Launches AI Gateway, Safely Enabling Enterprises to Realize the Promise of Agentic AI Productivity

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., July 22, 2025 (GLOBE NEWSWIRE) — Cequence Security, a pioneer in application security, today unveiled the Cequence AI Gateway, a powerful new solution enabling enterprises to take full advantage of the productivity gains promised by agentic AI. Bridging the gap between AI agents and enterprise applications, the AI Gateway enables instant connectivity with the guardrails enterprises need to stay in control.

    Enterprises, eager to embrace the power of artificial intelligence (AI), have lacked the tools needed to do so safely and efficiently at scale. For CISOs and security-first engineering leaders, the rush to expose applications to agentic AI is outpacing guardrails such as those outlined by the EU AI Act and Anthropic’s ASL. CIOs are understandably concerned about the opportunity cost incurred by having to up-skill needed developers. At the same time, they want a solution that accelerates ROI by avoiding insecure, one-off prototypes in favor of a scalable, enterprise-grade solution.

    Cequence AI Gateway is that missing layer, instantly connecting AI agents to enterprise applications and APIs using emerging standards like the Model Context Protocol (MCP) while enforcing real-time policies that prevent abuse, protect data, and ensure AI acts within bounds.

    “The race to adopt agentic AI in enterprises is well underway, but the foundation to support it is immature,” said Ameya Talwalkar, CEO and co-founder of Cequence Security. “This has left organizations backed into a corner, connecting AI agents to critical systems without sufficient security, oversight, or context. With the combination of our Unified API Protection platform and the new AI Gateway, Cequence delivers both sides of the equation: open, seamless access for AI agents, and the enterprise-grade security, governance, and visibility that leaders need to trust this next wave of automation.”

    The Cequence AI Gateway Advantage:

    • Your AI Easy Button – AI Gateway converts any API into an MCP-compatible endpoint, enabling agentic AI access to any internal, external, or SaaS application in minutes, without coding. Avoids time and costs associated with up-skilling, coding, QA, integration, hosting, and ongoing management. No need to update your solution when new protocol versions emerge, as the AI Gateway handles this for you.
    • End-to-End Authentication and Authorization – OAuth 2.0 IdP support ensures appropriate identity-based access to systems and data, preventing unauthorized AI agent access. Existing solutions lack seamless integration with enterprise IdPs.
    • Monitoring and Visibility of AI Interactions – Real-time visibility into AI-API traffic with full audit logging enables detailed tracking of agent and user behavior, what applications are being accessed, and which API calls are being made via agents.
    • Enterprise-Ready – Unlike alternatives, Cequence is designed for the enterprise, offering a SaaS solution with continuous environment monitoring and discrete pre-prod/prod modes. Integrates with existing infrastructure without disruption.

    Today, the Cequence Unified API Protection (UAP) platform is used by a broad spectrum of the world’s largest organizations to monitor and secure their applications and APIs. The combination of AI Gateway and UAP allows Cequence customers to stop agent-fueled attacks, fraud, and abuse such as the high-profile incidents recently publicized in the news.

    “Cequence doesn’t just secure applications and APIs. They enable entirely new business models, said Amir Sarhangi, CEO and co-founder of Skyfire. “The AI Gateway is critical infrastructure that brings agentic AI into the real world by making secure, compliant access to enterprise APIs scalable and seamless. Cequence is a trusted partner because they know how to protect real time interactions without slowing innovation. Together, we’re helping organizations move forward with confidence.”

    Early adopters have been quick to recognize AI Gateway value. “We were trying to enable a complex, customer-facing agentic application experience, a process we thought would take months,” said an early enterprise customer. “With Cequence AI Gateway, we went from ‘stalled’ to ‘operational’ in under 48 hours. Now, customers can ask natural language questions and get real-time answers, reducing costly support interactions. It solves a real business problem faster and more safely than we thought possible.”

    “This launch is a natural evolution of our Unified API Protection platform,” said Shreyans Mehta, CTO and co-founder at Cequence Security. “We’ve engineered the AI Gateway to transform any application or API into an MCP-compatible endpoint, with real-time enforcement policies baked in. It’s built to meet developers where they are, while giving security teams the control they need. It’s not just about enabling agentic AI; it’s about enabling it responsibly at scale.”

    Mehta added: “Building this requires deep knowledge of how APIs are structured, used, and abused at scale. That’s why Cequence is uniquely positioned to enable the next generation of intelligence automation responsibly.”

    Enabling agentic AI starts at the API layer, and that’s where Cequence leads. Cequence was built to solve difficult API security challenges in real time, at scale. While others are still trying to figure out how to safely expose APIs to agentic AI, Cequence brings years of enterprise experience to a problem that demands security-first thinking.

    It’s designed by the same team that protects over 10 billion API interactions daily, and is built to handle the performance, governance, and authentication challenges unique to this new era of AI automation.

    Availability

    • Cequence AI Gateway: August 2025
    • Deployment formats: SaaS and Helm chart

    Additional Resources

    About Cequence Security
    Cequence is a pioneer in API security and bot management, making the applications and APIs that organizations depend on AI-ready while protecting them from attacks, business logic abuse, and fraud. Our unique solutions unlock the promise of agentic AI productivity while providing real-time security against increasingly subtle and sophisticated threats. Cequence delivers value in minutes rather than days or weeks with a highly scalable, no-code, no-risk approach. Trusted by the largest and most demanding private and public sector organizations, Cequence protects more than 10 billion daily API interactions and 4 billion user accounts. To learn more, visit www.cequence.ai.

    Media Contact
    Katrina Porter
    press@cequence.ai

    The MIL Network –

  • MIL-OSI: ASAPP Expands GenerativeAgent with Powerful New Features to Advance AI for Contact Centers

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 22, 2025 (GLOBE NEWSWIRE) — ASAPP, the leading provider of AI-powered contact center software, today announced it has expanded GenerativeAgent, which offers ASAPP’s fully conversational Generative AI voice and chat agent, with powerful new features to advance accuracy, control, and trust in AI-automated conversations. By combining the scale and speed of automation with the precision, safety, and oversight required in real-world customer conversations, ASAPP is empowering contact centers to deploy customer-facing AI agents with confidence and at scale.

    “Forward-thinking organizations recognize the potential of AI automation in contact centers, but are hesitant to extend those capabilities to customers with concerns for safety, security, and ensuring AI agents behave as intended,” said Devidas Desai, senior vice president of product management at ASAPP. “ASAPP is committed to delivering the highest level of precision and trust in AI-automated customer conversations. These new capabilities from GenerativeAgent equip customer experience (CX) leaders with the tools to safely and confidently scale automation and the ability to monitor, control, and continuously improve how AI agents perform over time.”

    GenerativeAgent is a platform built from the ground up to handle complex, multi-turn conversations with enterprise-grade performance, safety, and control. Integrating with a company’s historical customer data, it autonomously and safely resolves complex customer service interactions and supports a wide variety of APIs, native CCaas and CRM integrations, and advanced authentications, enabling fast deployment and instant value creation. New GenerativeAgent features include:

    • Human-in-the-Loop Agent (HILA) with Approver Mode: Enables faster resolutions and better outcomes by allowing human experts to review and approve AI responses in real-time or asynchronously, fine-tuning and improving accuracy and agent learning over time.
    • Conversation Monitoring and Fine Tuning: Achieve full visibility into AI interactions with intuitive tools to flag anomalies, track patterns, and enforce compliance with customizable guardrails for quality assurance at scale.
    • Testing and Simulation: Safely test AI behavior in simulated environments to release updates into production with confidence, increasing control, transparency, and trust in automated interactions.

    “ASAPP found in its user research that agents want to include logic behind their thinking in case the decision is ever questioned. That human expert’s rationale is tacit knowledge that, once captured, will allow the brand to advance customer service automation far beyond current levels.” (Forrester, Tacit Knowledge Will Power The AI-Led Contact Center, January 23, 2025)

    These new features from ASAPP build on a momentous year of growth for the company, including the appointment of Priya Vijayarajendran as CEO and Devidas Desai as senior vice president of product management. The company’s customer experience was also recognized by Forrester as a notable vendor in its The Conversation Intelligence Solutions for Contact Centers Landscape, Q1 2025 report and as a leader in The Forrester Wave™: Digital Customer Interaction Solutions, Q2 2024 report.

    Click here to learn more about new features from GenerativeAgent.

    Helpful links

    About ASAPP
    ASAPP is an artificial intelligence solution provider committed to solving the toughest problems in customer service. Our flagship product, GenerativeAgentⓇ, is a platform built from the ground up to handle complex, multi-turn conversations with enterprise-grade performance, safety, and control. Because we automate what was previously impossible to automate, our AI-nativeⓇ solutions deliver more than efficiency gains. They redefine the role of AI in the contact center and lay the groundwork for businesses to reimagine their customer experience delivery for the age of AI. Leading enterprises rely on ASAPP’s generative and agentic AI solutions to dramatically expand contact center capacity and transform their contact centers from cost centers into value drivers. To learn more about ASAPP, visit www.asapp.com.

    Media Contact
    Amy McDowell
    Offleash PR for ASAPP
    asapp@offleashpr.com

    Forrester does not endorse any company, product, brand, or service included in its research publications and does not advise any person to select the products or services of any company or brand based on the ratings included in such publications. Information is based on the best available resources. Opinions reflect judgment at the time and are subject to change. For more information, read about Forrester’s objectivity here .

    The MIL Network –

  • MIL-OSI: Blue Mantis Expands Federal IT Services Portfolio Under GSA Contract

    Source: GlobeNewswire (MIL-OSI)

    PORTSMOUTH, N.H., July 22, 2025 (GLOBE NEWSWIRE) — Blue Mantis, a leading provider of digital strategy and services specializing in managed services, cybersecurity, and cloud solutions, today announced its expanded service offerings under the U.S. General Services Administration (GSA) Multiple Award Schedule (MAS), specifically under Special Item Number (SIN) 54151S for Information Technology Professional Services.

    This award enables Blue Mantis to deliver a broad range of IT services to federal, state and local agencies, including cybersecurity architecture, enterprise network engineering, technical support, compliance and governance consulting. The SIN 54151S designation affirms Blue Mantis’ qualifications to support complex public sector IT initiatives with scalable, secure, and standards-aligned solutions.

    Delivering Expertise Across the Federal IT Landscape
    With over 30 years of experience supporting public sector and enterprise clients, Blue Mantis brings deep technical expertise and a collaborative, outcome-driven approach to every engagement. Services available under SIN 54151S include:

    • Cybersecurity Architecture & Risk Management: Design and implementation of secure IT environments aligned with NIST, SOC 2, and ISO 9001:2015 standards.
    • Enterprise Network & Infrastructure Engineering: Scalable solutions for network modernization, virtualization, and cloud integration.
    • Technical Support & Operations: Responsive, high-quality support services tailored to agency-specific operational environments.
    • Compliance & Governance Consulting: Advisory services to ensure alignment with federal acquisition regulations and evolving cybersecurity mandates.

    A Trusted Partner for Federal Agencies
    “Being awarded a GSA contract is a significant milestone that reflects our commitment to delivering secure, innovative, and mission-critical IT services to federal, state and local governments,” said Josh Dinneen, CEO of Blue Mantis. “We look forward to helping agencies modernize their infrastructure, strengthen their cybersecurity posture, and achieve measurable outcomes.”

    Contract Highlights:

    • Nationwide Availability: Streamlined professional services procurement for federal agencies through the GSA MAS program.
    • Tailored Engagements: Flexible service delivery models to support projects of all sizes and complexities.
    • Proven Track Record: A history of successful engagements across federal, state, and local government sectors.

    For more information about Blue Mantis’ GSA award, visit www.bluemantis.com.

    About Blue Mantis
    Blue Mantis is a security-first IT solutions and services provider with a 30+ year history of successfully helping clients achieve business modernization by applying next-generation technologies including managed services, cybersecurity, cloud and collaboration. Headquartered in Portsmouth, New Hampshire, with offices in Charlestown, Massachusetts, the company provides digital technology services and strategic guidance to ensure clients quickly adapt and grow through automation and innovation. Blue Mantis partners with more than 1,500 leading mid-market and enterprise organizations in a multitude of vertical industries and is backed by leading private equity firm, Recognize. For more information, please visit www.bluemantis.com.

    Inquiries:
    David Knox
    Director of Public Sector
    Blue Mantis
    david.knox@bluemantis.com
    (781) 987-2013

    The MIL Network –

  • MIL-OSI: Ambiq Launches Two New Edge AI Runtime Solutions

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, July 22, 2025 (GLOBE NEWSWIRE) — Ambiq Micro, Inc. (“Ambiq”), a technology leader in ultra-low-power semiconductor solutions for edge AI, today unveils HeliosRT (Runtime) and HeliosAOT (Ahead-of-Time), two new edge AI runtime solutions optimized for the Ambiq Apollo Systems-on-Chip (SoCs) family. These developer tools are designed to significantly enhance the performance and energy efficiency of AI models for the unique demands of edge computing environments.

    Addressing Critical Edge AI Challenges

    As AI workloads increasingly migrate to edge devices, developers face growing pressure to deliver high performance within strict power budgets. Traditional AI frameworks often struggle in ultra-low-power scenarios, making it difficult to deploy sophisticated AI models in battery-powered devices, such as wearables, hearables, IoT sensors, and industrial monitors.

    Ambiq’s new runtime solutions expand its growing portfolio of developer-centric tools, designed to help engineers unlock the full potential of Apollo SoCs. HeliosRT and HeliosAOT offer flexible, high-performance deployment options for edge AI across a wide range of applications, from digital health and smart homes to industrial automation and beyond.

    HeliosRT: Power-Optimized LiteRT

    HeliosRT is a performance-enhanced implementation of LiteRT (formerly TensorFlow Lite for Microcontrollers) that is tailored for energy-constrained environments. Fully compatible with existing TensorFlow workflows, HeliosRT introduces key improvements:

    • Custom AI kernels optimized for Apollo510’s vector acceleration hardware
    • Improved numeric support for audio and speech processing models
    • Up to 3x gains in inference speed and power efficiency over standard LiteRT implementations

    HeliosAOT: Compiling LiteRT to Optimized C Code

    HeliosAOT introduces a ground-up, ahead-of-time compiler that transforms TensorFlow Lite models directly into embedded C code for edge AI deployment. This innovative approach offers runtime-level, or better, performance with additional benefits:

    • 15–50% reduction in memory footprint versus traditional runtime-based deployments
    • Granular memory control, enabling per-layer weight distribution across Apollo’s memory hierarchy
    • Streamlined deployment, with direct integration of generated C code into embedded applications
    • Greater flexibility for resource-constrained systems

    “The intersection of developer experience and power efficiency is our north star,” said Carlos Morales, VP of AI at Ambiq. “HeliosRT and HeliosAOT are designed to integrate seamlessly with existing AI development pipelines while delivering the performance and efficiency gains that edge applications demand. We believe this is a major step forward in making sophisticated AI truly ubiquitous.”

    Powered by SPOT® and Real-World Success

    Both Helios solutions are built on Ambiq’s patented Sub-threshold Power Optimized Technology (SPOT), which is the foundation behind over 270 million devices deployed worldwide. Leveraging years of hardware-software co-design, these tools deliver measurable performance gains and streamlined deployment for developers targeting the edge.

    Availability

    • HeliosRT is available now in beta via the neuralSPOT SDK, with general release expected in Q3 2025
    • HeliosAOT is currently available as a technical preview for select partners, with wider availability planned for Q4 2025

    Both solutions are supported with robust documentation, ready-to-use examples, and dedicated engineering assistance for Ambiq customers.

    About Ambiq

    Ambiq’s mission is to enable intelligence (artificial intelligence (AI) and beyond) everywhere by delivering the lowest power semiconductor solutions. Ambiq enables its customers to deliver AI compute at the edge where power consumption challenges are the most profound. Ambiq’s technology innovations, built on the patented and proprietary sub-threshold power optimized technology (SPOT), fundamentally deliver a multi-fold improvement in power consumption over traditional semiconductor designs. Ambiq has powered over 270 million devices to date. For more information, visit www.ambiq.com.

    Contact
    Charlene Wan
    VP of Corporate Marketing and Investor Relations
    cwan@ambiq.com
    +1.512.879.2850

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5265c973-0202-4e66-b9df-47fff71759ea

    The MIL Network –

  • MIL-OSI: AAS MINER launches free BTC cloud mining platform, one-stop mining of DOGE and XRP, real-time withdrawal of income

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, California, July 22, 2025 (GLOBE NEWSWIRE) —

    Join AAS MINER’s free BTC mining cloud mining platform(www.aas8.com)—claim your $10 welcome bonus, leverage AI-powered hashrate allocation across BTC, DOGE & XRP, and withdraw earnings instantly with zero fees.The principal and returns are 100% guaranteed, with a daily yield of 1.88%-5.20%, and cash can be withdrawn at any time 365 days a year.AAS MINER removes the high cost and complexity of traditional rigs by launching a zero-cost cloud mining platform for BTC mining, with one-click support for DOGE and XRP. Get started in minutes using a $10 free trial, AI-driven strategies, and real-time withdrawals—no hardware required.Key Advantages

    Zero Upfront Cost & Quick Start

    $10 welcome bonus on signup—no deposit needed

    Plug-and-play dashboard to launch BTC, DOGE, or XRP mining instantly

    AI-Driven Hashrate Allocation

    Smart algorithm monitors network difficulty and prices

    Automatically rebalances hashrate across BTC, DOGE, and XRP for optimal returns

    Guaranteed, Competitive Returns
    Pick the plan that aligns with your goals:

    Starter Plan (1.88% daily returns)

    Growth Plan (2.98% daily returns)

    Premium Plan (5.20% daily returns)

    AAS Miner AI cloud computing contract revenue example diagram (visualization)

    Contract Price Contract Duration Daily Earnings Total Revenue
    $100 2Days $5 $100 + $10
    $500 3Days $9.4 $500 + $28.2
    $1,000 5Days $19.8 $1,000 + $99
    $3,000 10Days $62.4 $3,000 + $624
    $5000 15Days $109 $5,000 + $1,635
    $10,000 30Days $228 $10,000 + $6,840
    $30,000 60Days $774 $30,000 + $46,440

    100% capital protection via insurance and reserve funds

    Real-Time Monitoring & Instant Withdrawals

    Live analytics on hashrate, coin earnings, and total profits

    Withdraw any balance at any time—no fees, no minimums

    Enterprise-Grade Security

    Multi-signature cold wallets and SSL/DDoS protection

    Global data centers ensuring 99.9% uptimeHow to get started

    Sign up with your email at www.aas8.com in one click.

    Get your $10 welcome bonus

    Get free mining income in BTC, DOGE, or XRP instantly.

    Choose an AI-driven strategy

    Choose conservative BTC, balanced DOGE, aggressive XRP, or let AI automatically rotate to maximize your ROI.

    AAS MINER’s cloud mining platform makes BTC mining convenient, affordable, and automated. With AI-driven multi-chain strategies, $10 trial bonuses, and instant cash-out capabilities, anyone can start earning reliable daily income right away.

    Sign up at www.aas8.com now to start a smarter mining journey!

    Official Website: https://aas8.com
    Official App Download Link: https://aas8.com/xml/index.html#/app  

    Disclaimer: The information provided in this press release is for reference only and does not constitute an investment invitation, financial advice, or trade recommendation. Cryptocurrency mining and staking involve risks and may result in financial losses. We strongly recommend conducting thorough due diligence and consulting professional financial advisors before engaging in cryptocurrency or securities investments and trades.

    Attachment

    The MIL Network –

  • MIL-OSI: Onex to Announce Second Quarter 2025 Results on August 7, 2025

    Source: GlobeNewswire (MIL-OSI)

    All amounts in U.S. dollars unless otherwise stated

    TORONTO, July 22, 2025 (GLOBE NEWSWIRE) — Onex Corporation (TSX: ONEX) will release its results for the second quarter ended June 30, 2025 on August 7, 2025.

    A live broadcast of Onex’ webcast to discuss the results will begin at 11:00 a.m. ET on August 7, 2025. A link to the webcast and on-line replay will be available at www.onex.com/events-and-presentations.

    About Onex

    Onex invests and manages capital on behalf of its shareholders and clients across the globe. Formed in 1984, we have a long track record of creating value for our clients and shareholders. Our investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, banks, insurance companies, family offices and high-net-worth individuals. In total, Onex has approximately $53.1 billion in assets under management, of which $8.3 billion is Onex’ own investing capital. With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.

    Onex is listed on the Toronto Stock Exchange under the symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedarplus.com.

    For further information:
    Zev Korman
    Vice President, Shareholder Relations and Communications
    +1 416.362.7711

    The MIL Network –

  • MIL-OSI: Onex to Announce Second Quarter 2025 Results on August 7, 2025

    Source: GlobeNewswire (MIL-OSI)

    All amounts in U.S. dollars unless otherwise stated

    TORONTO, July 22, 2025 (GLOBE NEWSWIRE) — Onex Corporation (TSX: ONEX) will release its results for the second quarter ended June 30, 2025 on August 7, 2025.

    A live broadcast of Onex’ webcast to discuss the results will begin at 11:00 a.m. ET on August 7, 2025. A link to the webcast and on-line replay will be available at www.onex.com/events-and-presentations.

    About Onex

    Onex invests and manages capital on behalf of its shareholders and clients across the globe. Formed in 1984, we have a long track record of creating value for our clients and shareholders. Our investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, banks, insurance companies, family offices and high-net-worth individuals. In total, Onex has approximately $53.1 billion in assets under management, of which $8.3 billion is Onex’ own investing capital. With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.

    Onex is listed on the Toronto Stock Exchange under the symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedarplus.com.

    For further information:
    Zev Korman
    Vice President, Shareholder Relations and Communications
    +1 416.362.7711

    The MIL Network –

  • MIL-OSI: Leo Berwick Secures $75 Million Financing Facility from Stone Point Credit to Accelerate Strategic Growth

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 22, 2025 (GLOBE NEWSWIRE) — Leo Berwick, a premier global tax and financial advisory firm, serving preeminent infrastructure, private equity, and pension funds and their portfolio companies, announced today that it has executed a credit facility for up to $75 million from Stone Point Credit (“Stone Point”), a leading private credit investment firm, subject to the agreed upon conditions between the parties.

    Since its founding in 2021, Leo Berwick has rapidly become a leader in infrastructure and energy tax and financial advice. The firm continues to grow and launch new practice areas related to valuation, cost segregation, modeling, and financial due diligence across multiple sectors and remains active in looking for opportunities to further expand its premium service offerings to its global clients.

    “We are thrilled to partner with Stone Point as we enter our next phase of growth,” said Nick Kato, Managing Partner of Leo Berwick. “This financing will allow us to accelerate our strategic initiatives, expand our capabilities, and continue delivering exceptional value and service to our clients.”

    The facility earmarks a portion of proceeds for strategic M&A and other growth initiatives, which are core parts of Leo Berwick’s strategic roadmap.

    “Our aspiration,” continued Kato, “is to offer clients a better alternative to the Big 4, including greater technology enablement, global capabilities, and unmatched sector expertise, while cultivating an agile, commercial, and solution-focused culture to create meaningful value for our clients.”

    Scott Bronner, Head of Credit at Stone Point, added, “We are very excited to support the Leo Berwick team as they look to build out their M&A strategy to complement their strong history of organic growth.”

    Perella Weinberg served as financial advisor and Polsinelli served as legal advisor to Leo Berwick. Cahill Gordon & Reindel LLP served as legal advisor to Stone Point.

    ABOUT LEO BERWICK

    Leo Berwick is a commercially focused tax and financial advisory firm supporting the needs of the world’s largest infrastructure funds, infrastructure and energy developers, pension funds, sovereign wealth funds, private equity firms and their portfolio companies, publicly-listed corporations and private strategic investors across all sectors, with deep expertise in infrastructure and energy. The team is made up of over 100 M&A advisory leaders and specialists from the Big 4 and Big Law. Leo Berwick is known for maximizing value and minimizing risk by fostering successful long-term partnerships with clients. For more information, please visit https://www.leoberwick.com.

    ABOUT STONE POINT CREDIT

    Stone Point Credit is the credit-investing platform established by Stone Point Capital, with more than $10 billion of assets under management. Stone Point Credit manages a range of private and liquid credit strategies, with a focus on investments in the financial services, business services, software and technology, and healthcare services sectors. For more information, please visit www.stonepoint.com/credit.

    LEO BERWICK MEDIA CONTACT

    Heather Godsmark, Chief Clients and Markets Officer
    info@leoberwick.com

    STONE POINT MEDIA CONTACT

    Stone Point Credit Investor Relations
    spcreditir@stonepoint.com

    The MIL Network –