Artificial Intelligence – Page 32

MIL-OSI: ServisFirst Bancshares, Inc. Announces Results For Second Quarter of 2025

Source: GlobeNewswire (MIL-OSI)

BIRMINGHAM, Ala., July 21, 2025 (GLOBE NEWSWIRE) — ServisFirst Bancshares, Inc. (NYSE: SFBS), today announced earnings and operating results for the quarter ended June 30, 2025.

Second Quarter 2025 Highlights:

Diluted earnings per share of $1.12 for the quarter. Adjusted diluted earnings per share of $1.21, up 27% from the second quarter of 2024.
Net interest margin improved to 3.10% in the second quarter from 2.92% in the first quarter. Adjusted net interest margin was 3.06% in the second quarter.
Loans grew by $346 million, or 11% annualized, during the quarter.
Book value per share of $31.52, up 14% from the second quarter of 2024 and 16% annualized, from the first quarter of 2025.
Liquidity remains strong with $1.7 billion in cash and cash equivalent assets, 10% of our total assets, and no FHLB advances or brokered deposits.
Consolidated common equity tier 1 capital to risk-weighted assets increased from 10.93% to 11.38% year-over-year.
Return on average common stockholder’s equity of 14.56%. Adjusted return on average common stockholders’ equity increased from 14.08% to 15.63% year-over-year.

Tom Broughton, Chairman, President, and CEO, said, “We were pleased with the loan growth in the quarter, combined with the improved environment for banks like ServisFirst.”

David Sparacio, CFO, said, “The net interest margin continues to improve and we see continued asset repricing, which we believe will lead to higher net interest margins over the next 24 months”

^{* This press release includes certain non-GAAP financial measures: adjusted net income, adjusted net income available to common stockholders, adjusted diluted earnings per share, adjusted net interest margin, adjusted return on average assets, adjusted return on average common stockholders’ equity, adjusted efficiency ratio, tangible common stockholders’ equity, total tangible assets, tangible book value per share, and tangible common equity to total tangible assets. Please see “GAAP Reconciliation and Management Explanation of Non-GAAP Financial Measures.”}

FINANCIAL SUMMARY (UNAUDITED)
(in Thousands except share and per share amounts)	Period Ending June 30, 2025			Period Ending March 31, 2025			% Change From Period Ending March 31, 2025 to Period Ending June 30, 2025		Period Ending June 30, 2024			% Change From Period Ending June 30, 2024 to Period Ending June 30, 2025
QUARTERLY OPERATING RESULTS
Net Income	$	61,424		$	63,224		(2.8	)%	$	52,136		17.8	%
Net Income Available to Common Stockholders	$	61,393		$	63,224		(2.9	)%	$	52,105		17.8	%
Diluted Earnings Per Share	$	1.12		$	1.16		(3.4	)%	$	0.95		17.9	%
Return on Average Assets		1.40	%		1.45	%				1.34	%
Return on Average Common Stockholders’ Equity		14.56	%		15.63	%				14.08	%
Average Diluted Shares Outstanding		54,664,480			54,656,630					54,608,679

Adjusted Net Income, net of tax*	$	66,133		$	63,224		4.6	%	$	52,136		26.8	%
Adjusted Net Income Available to Common Stockholders, net of tax*	$	66,102		$	63,224		4.6	%	$	52,105		26.9	%
Adjusted Diluted Earnings Per Share, net of tax*	$	1.21		$	1.16		4.4	%	$	0.95		27.5	%
Adjusted Return on Average Assets, net of tax*		1.50	%		1.45	%				1.34	%
Adjusted Return on Average Common Stockholders’ Equity, net of tax*		15.68	%		15.63	%				14.08	%



YEAR-TO-DATE OPERATING RESULTS
Net Income	$	124,648							$	102,162		22.0	%
Net Income Available to Common Stockholders	$	124,617							$	102,131		22.0	%
Diluted Earnings Per Share	$	2.28							$	1.87		21.9	%
Return on Average Assets		1.42	%							1.30	%
Return on Average Common Stockholders’ Equity		15.08	%							13.96	%
Average Diluted Shares Outstanding		54,660,577								54,602,032

Adjusted Net Income, net of tax*	$	129,357							$	103,509		25.0	%
Adjusted Net Income Available to Common Stockholders, net of tax*	$	129,326							$	103,478		25.0	%
Adjusted Diluted Earnings Per Share, net of tax*	$	2.36							$	1.89
Adjusted Return on Average Assets, net of tax*		1.48	%							1.31	%
Adjusted Return on Average Common Stockholders’ Equity, net of tax*		15.65	%							14.15	%

BALANCE SHEET
Total Assets	$	17,378,628		$	18,636,766		(6.8	)%	$	16,049,812		8.3	%
Loans		13,232,560			12,886,831		2.7	%		12,332,780		7.3	%
Non-interest-bearing Demand Deposits		2,632,058			2,647,577		(0.6	)%		2,475,415		6.3	%
Total Deposits		13,862,319			14,429,061		(3.9	)%		13,259,392		4.5	%
Stockholders’ Equity		1,721,783			1,668,900		3.2	%		1,510,576		14.0	%

DETAILED FINANCIALS

ServisFirst Bancshares, Inc. reported net income and net income available to common stockholders of $61.4 million for the quarter ended June 30, 2025, compared to net income and net income available to common stockholders of $63.2 million for the first quarter of 2025 and net income and net income available to common stockholders of $52.1 million for the second quarter of 2024. Basic and diluted earnings per common share were both $1.12 in the second quarter of 2025, compared to $1.16 for both in the first quarter of 2025 and $0.96 and $0.95, respectively, in the second quarter of 2024.

Annualized return on average assets was 1.40% and annualized return on average common stockholders’ equity was 14.56% for the second quarter of 2025, compared to 1.34% and 14.08%, respectively, for the second quarter of 2024.

Net interest income was $131.7 million for the second quarter of 2025, compared to $123.6 million for the first quarter of 2025 and $105.9 million for the second quarter of 2024. The net interest margin in the second quarter of 2025 was 3.10% compared to 2.92% in the first quarter of 2025 and 2.79% in the second quarter of 2024. Loan yields were 6.37% during the second quarter of 2025 compared to 6.28% during the first quarter of 2025 and 6.48% during the second quarter of 2024. Investment yields were 3.37% during the second quarter of 2025 compared to 3.31% during the first quarter of 2025 and 3.33% during the second quarter of 2024. Average interest-bearing deposit rates were 3.33% during the second quarter of 2025, compared to 3.40% during the first quarter of 2025 and 4.09% during the second quarter of 2024. During the quarter, we reversed a $2.3 million accrual related to a legal matter, which had been recorded in interest expense. Average federal funds purchased rates were 4.49% during the second quarter of 2025, compared to 4.50% during the first quarter of 2025 and 5.50% during the second quarter of 2024.

Average loans for the second quarter of 2025 were $13.01 billion, an increase of $302.0 million, or 9.5% annualized, from average loans of $12.71 billion for the first quarter of 2025, and an increase of $947.1 million, or 7.9%, from average loans of $12.06 billion for the second quarter of 2024. Ending total loans for the second quarter of 2025 were $13.23 billion, an increase of $345.7 million, or 10.8% annualized, from $12.89 billion for the first quarter of 2025, and an increase of $899.8 million, or 7.3%, from $12.33 billion for the second quarter of 2024.

Average total deposits for the second quarter of 2025 were $13.90 billion, an increase of $5.8 million, or 0.2% annualized, from average total deposits of $13.89 billion for the first quarter of 2025, and an increase of $1.03 billion, or 8.0%, from average total deposits of $12.86 billion for the second quarter of 2024. Ending total deposits for the second quarter of 2025 were $13.86 billion, a decrease of $566.7 million, or 15.8% annualized, from $14.43 billion for the first quarter of 2025, and an increase of $602.9 million, or 4.5%, from $13.26 billion for the second quarter of 2024.

Non-performing assets to total assets were 0.42% for the second quarter of 2025, compared to 0.40% for the first quarter of 2025 and 0.23% for the second quarter of 2024. The majority of the year-over-year increase in non-performing assets was attributable to two relationships, both of which are secured by real estate. Annualized net charge-offs to average loans were 0.20% for the second quarter of 2025, compared to 0.19% for the first quarter of 2025 and 0.10% for the second quarter of 2024. During the second quarter of 2025, we charged off $4.9 million on a loan that had not been previously impaired. The allowance for credit losses as a percentage of total loans at June 30, 2025, March 31, 2025, and June 30, 2024, was 1.28%, 1.28%, and 1.28%, respectively. We recorded a $11.4 million provision for loan losses in the second quarter of 2025 compared to $6.5 million in the first quarter of 2025, and $5.4 million in the second quarter of 2024. Higher loan growth and increased net charge-offs during the second quarter of 2025 contributed to the increase in provision for loan losses.

Non-interest income decreased $8.5 million, or 95.3%, to $421,000 for the second quarter of 2025 from $8.9 million in the second quarter of 2024, and decreased $7.9 million, or 94.9%, on a linked quarter basis. Service charges on deposit accounts increased $378,000, or 16.5%, to $2.7 million for the second quarter of 2025 from $2.3 million in the second quarter of 2024, and increased $113,000, or 4.4%, on a linked quarter basis. Mortgage banking revenue decreased $56,000, or 4.1%, to $1.3 million for the second quarter of 2025 from $1.4 million in the second quarter of 2024, and increased $710,000, or 115.8%, on a linked quarter basis. Net credit card income decreased $214,000, or 9.2%, to $2.1 million for the second quarter of 2025 from $2.3 million in the second quarter of 2024, and increased $151,000, or 7.7%, on a linked quarter basis. In the second quarter of 2025, we recognized an $8.6 million loss on the sale of available-for-sale debt securities as part of a portfolio restructuring. Bank-owned life insurance (“BOLI”) income increased $68,000, or 3.3%, to $2.1 million for the second quarter of 2025 from $2.1 million in the second quarter of 2024, and decreased $11,000, or 0.5%, on a linked quarter basis. Other operating income decreased $83,000, or 10.0%, to $745,000 for the second quarter of 2025 from $828,000 in the second quarter of 2024, and decreased $256,000, or 25.6%, on a linked quarter basis.

Non-interest expense increased $1.4 million, or 3.2%, to $44.2 million for the second quarter of 2025 from $42.8 million in the second quarter of 2024, and decreased $1.9 million, or 4.1%, on a linked quarter basis. Salary and benefit expense decreased $1.6 million, or 6.8%, to $22.6 million for the second quarter of 2025 from $24.2 million in the second quarter of 2024, and decreased $303,000, or 1.3%, on a linked quarter basis. The number of full-time equivalent (“FTE”) employees increased by 34, or 5.44%, to 659 at June 30, 2025 compared to 625 at June 30, 2024, and increased by 23, or 3.61%, from the end of the first quarter of 2025. Equipment and occupancy expense decreased $44,000, or 1.2%, to $3.5 million for the second quarter of 2025 from $3.6 million in the second quarter of 2024, and decreased $199,000, or 5.3%, on a linked quarter basis. Third party processing and other services expense increased $540,000, or 7.2%, to $8.0 million for the second quarter of 2025 from $7.5 million in the second quarter of 2024, and increased $267,000, or 3.5%, on a linked quarter basis. Professional services expense increased $163,000, or 9.4%, to $1.9 million for the second quarter of 2025 from $1.7 million in the second quarter of 2024, and decreased $29,000, or 1.5%, on a linked quarter basis. FDIC and other regulatory assessments increased $551,000, or 25.0%, to $2.8 million for the second quarter of 2025 from $2.2 million in the second quarter of 2024, and decreased $101,000, or 3.5%, on a linked quarter basis. Other operating expenses increased $1.8 million, or 49.5%, to $5.4 million for the second quarter of 2025 from $3.6 million in the second quarter of 2024, and decreased $1.5 million, or 22.0%, on a linked quarter basis. The efficiency ratio was 33.46% during the second quarter of 2025 compared to 37.31% during the second quarter of 2024 and 34.97% during the first quarter of 2025. The adjusted efficiency ratio was 31.94% in the second quarter of 2025.

Income tax expense increased $725,000, or 5.0%, to $15.2 million in the second quarter of 2025, compared to $14.5 million in the second quarter of 2024. Our effective tax rate was 19.82% for the second quarter of 2025 compared to 21.71% for the second quarter of 2024. We recognized a reduction in provision for income taxes resulting from excess tax benefits from the exercise and vesting of stock options and restricted stock during the second quarters of 2025 and 2024 of $2.1 million and $396,000, respectively.

About ServisFirst Bancshares, Inc.

ServisFirst Bancshares, Inc. is a bank holding company based in Birmingham, Alabama. Through its subsidiary ServisFirst Bank, ServisFirst Bancshares, Inc. provides business and personal financial services from locations in Alabama, Florida, Georgia, North and South Carolina, Tennessee, and Virginia. We also operate a loan production office in Florida. Through the ServisFirst Bank, we originate commercial, consumer and other loans and accept deposits, provide electronic banking services, such as online and mobile banking, including remote deposit capture, deliver treasury and cash management services and provide correspondent banking services to other financial institutions.

ServisFirst Bancshares, Inc. files periodic reports with the U.S. Securities and Exchange Commission (SEC). Copies of its filings may be obtained through the SEC’s website at www.sec.gov or at www.servisfirstbancshares.com.

Statements in this press release that are not historical facts, including, but not limited to, statements concerning future operations, results or performance, are hereby identified as “forward-looking statements” for the purpose of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933. The words “believe,” “expect,” “anticipate,” “project,” “plan,” “intend,” “will,” “could,” “would,” “might” and similar expressions often signify forward-looking statements. Such statements involve inherent risks and uncertainties. ServisFirst Bancshares, Inc. cautions that such forward-looking statements, wherever they occur in this press release or in other statements attributable to ServisFirst Bancshares, Inc., are necessarily estimates reflecting the judgment of ServisFirst Bancshares, Inc.’s senior management and involve risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Such forward-looking statements should, therefore, be considered in light of various factors that could affect the accuracy of such forward-looking statements, including, but not limited to: general economic conditions, especially in the credit markets and in the Southeast; the impact of tariffs and trade wars on general economic conditions, the performance of the capital markets; changes in interest rates, yield curves and interest rate spread relationships; changes in accounting and tax principles, policies or guidelines; changes in legislation or regulatory requirements; changes as a result of our reclassification as a large financial institution by the FDIC; changes in our loan portfolio and the deposit base; possible changes in laws and regulations and governmental monetary and fiscal policies, including, but not limited to, the Federal Reserve policies in connection with continued or re-emerging inflationary pressures and the ability of the U.S. Congress to increase the U.S. statutory debt limit as needed; computer hacking or cyber-attacks resulting in unauthorized access to confidential or proprietary information; substantial, unexpected or prolonged changes in the level or cost of liquidity; the cost and other effects of legal and administrative cases and similar contingencies; possible changes in the creditworthiness of customers and the possible impairment of the collectability of loans and the value of collateral; the effect of natural disasters, such as hurricanes and tornados, in our geographic markets; and increased competition from both banks and non-bank financial institutions. For discussion of these and other risks that may cause actual results to differ from expectations, please refer to “Cautionary Note Regarding Forward-looking Statements” and “Risk Factors” in our most recent Annual Report on Form 10-K, in our Quarterly Reports on Form 10-Q for fiscal year 2025, and our other SEC filings. If one or more of the assumptions forming the basis of our forward-looking information and statements proves incorrect, then our actual results, performance or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained herein. Accordingly, you should not place undue reliance on any forward-looking statements, which speak only as of the date made. ServisFirst Bancshares, Inc. assumes no obligation to update or revise any forward-looking statements that are made from time to time.

More information about ServisFirst Bancshares, Inc. may be obtained over the Internet at www.servisfirstbancshares.com or by calling (205) 949-0302.

Contact: ServisFirst Bank
Davis Mange (205) 949-3420
dmange@servisfirstbank.com

SELECTED FINANCIAL HIGHLIGHTS (UNAUDITED)
(In thousands except share and per share data)
	2nd Quarter 2025			1st Quarter 2025			4th Quarter 2024			3rd Quarter 2024			2nd Quarter 2024
CONSOLIDATED STATEMENT OF INCOME
Interest income	$	246,635		$	241,096		$	243,892		$	247,979		$	227,540
Interest expense		114,948			117,543			120,724			132,858			121,665
Net interest income		131,687			123,553			123,168			115,121			105,875
Provision for credit losses		11,296			6,630			5,704			5,659			5,353
Net interest income after provision for credit losses		120,391			116,923			117,464			109,462			100,522
Non-interest income		421			8,277			8,803			8,549			8,891
Non-interest expense		44,204			46,107			46,896			45,632			42,818
Income before income tax		76,608			79,093			79,371			72,379			66,595
Provision for income tax		15,184			15,869			14,198			12,472			14,459
Net income		61,424			63,224			65,173			59,907			52,136
Preferred stock dividends		31			–			31			–			31
Net income available to common stockholders	$	61,393		$	63,224		$	65,142		$	59,907		$	52,105
Earnings per share – basic	$	1.12		$	1.16		$	1.19		$	1.10		$	0.96
Earnings per share – diluted	$	1.12		$	1.16		$	1.19		$	1.10		$	0.95
Average diluted shares outstanding		54,664,480			54,656,630			54,649,808			54,642,582			54,608,679

CONSOLIDATED BALANCE SHEET DATA
Total assets	$	17,378,628		$	18,636,766		$	17,351,643		$	16,449,178		$	16,049,812
Loans		13,232,560			12,886,831			12,605,836			12,338,226			12,332,780
Debt securities		1,914,503			1,905,550			1,876,253			1,867,587			1,941,641
Non-interest-bearing demand deposits		2,632,058			2,647,577			2,619,687			2,576,329			2,475,415
Total deposits		13,862,319			14,429,061			13,543,459			13,146,529			13,259,392
Borrowings		64,747			64,745			64,743			64,741			64,739
Stockholders’ equity		1,721,783			1,668,900			1,616,772			1,570,269			1,510,576

Shares outstanding		54,618,545			54,601,217			54,569,427			54,551,543			54,521,479
Book value per share	$	31.52		$	30.57		$	29.63		$	28.79		$	27.71
Tangible book value per share (1)	$	31.27		$	30.32		$	29.38		$	28.54		$	27.46

SELECTED FINANCIAL RATIOS (Annualized)
Net interest margin		3.10	%		2.92	%		2.96	%		2.84	%		2.79	%
Return on average assets		1.40	%		1.45	%		1.52	%		1.43	%		1.34	%
Return on average common stockholders’ equity		14.56	%		15.63	%		16.29	%		15.55	%		14.08	%
Efficiency ratio		33.46	%		34.97	%		35.54	%		36.90	%		37.31	%
Non-interest expense to average earning assets		1.04	%		1.09	%		1.13	%		1.13	%		1.13	%

CAPITAL RATIOS (2)
Common equity tier 1 capital to risk-weighted assets		11.38	%		11.48	%		11.42	%		11.25	%		10.93	%
Tier 1 capital to risk-weighted assets		11.38	%		11.48	%		11.42	%		11.25	%		10.93	%
Total capital to risk-weighted assets		12.81	%		12.93	%		12.90	%		12.77	%		12.43	%
Tier 1 capital to average assets		9.78	%		9.48	%		9.59	%		9.54	%		9.81	%
Tangible common equity to total tangible assets (1)		9.84	%		8.89	%		9.25	%		9.47	%		9.33	%

(1) This press release contains certain non-GAAP financial measures. Please see “GAAP Reconciliation and Management Explanation of Non-GAAP Financial Measures.”
(2) Regulatory capital ratios for most recent period are preliminary.

GAAP Reconciliation and Management Explanation of Non-GAAP Financial Measures

This press release contains certain non-GAAP financial measures, including adjusted net income, adjusted net income available to common stockholders, adjusted diluted earnings per share, adjusted return on average assets, adjusted return on average common stockholders’ equity, and adjusted efficiency ratio. We recorded a one-time expense of $7.2 million in the fourth quarter of 2023 associated with the FDIC’s special assessment to recapitalize the Deposit Insurance Fund following bank failures in the spring of 2023. This assessment was updated in the first quarter of 2024 resulting in additional expense of $1.8 million. We recognized an $8.6 million loss on sale of available-for-sale debt securities in non-interest income during the second quarter of 2025 as a result of restructuring the portfolio. We reversed a $2.3 million legal reserve from interest expense during the second quarter of 2025. These adjustments to our results are unusual, or infrequent, in nature and are not considered to be part of our non-interest expense, non-interest income and interest expense run rates, respectively. Each of adjusted net income, adjusted net income available to common stockholders, adjusted diluted earnings per share, adjusted return on average assets, adjusted return on average common stockholders’ equity and adjusted efficiency ratio excludes the impact of these items, net of tax, and are all considered non-GAAP financial measures. This press release also contains the non-GAAP financial measures of tangible common stockholders’ equity, total tangible assets, tangible book value per share and tangible common equity to total tangible assets, each of which excludes goodwill associated with our acquisition of Metro Bancshares, Inc. in January 2015.

We believe these non-GAAP financial measures provide useful information to management and investors that is supplementary to our financial condition, results of operations and cash flows computed in accordance with GAAP; however, we acknowledge that these non-GAAP financial measures have a number of limitations. As such, you should not view these disclosures as a substitute for results determined in accordance with GAAP, and they are not necessarily comparable to non-GAAP financial measures that other companies, including those in our industry, use. The following reconciliation table provides a more detailed analysis of the non-GAAP financial measures as of and for the comparative periods presented in this press release. Dollars are in thousands, except share and per share data.

	At June 30, 2025			At March 31, 2025			At December 31, 2024			At September 30, 2024			At June 30, 2024
Book value per share – GAAP	$	31.52		$	30.56		$	29.63		$	28.79		$	27.71
Total common stockholders’ equity – GAAP		1,721,783			1,668,900			1,616,772			1,570,269			1,570,994
Adjustment for Goodwill		(13,615	)		(13,615	)		(13,615	)		(13,615	)		(13,615	)
Tangible common stockholders’ equity – non-GAAP	$	1,708,168		$	1,655,285		$	1,603,157		$	1,556,654		$	1,557,379
Tangible book value per share – non-GAAP	$	31.27		$	30.31		$	29.38		$	28.54		$	27.46

Stockholders’ equity to total assets – GAAP		9.91	%		8.95	%		9.32	%		9.55	%		9.55	%
Total assets – GAAP	$	17,378,628		$	18,636,766		$	17,351,643		$	16,449,178		$	16,448,582
Adjustment for Goodwill		(13,615	)		(13,615	)		(13,615	)		(13,615	)		(13,615	)
Total tangible assets – non-GAAP	$	17,365,013		$	18,623,151		$	17,338,028		$	16,435,563		$	16,434,967
Tangible common equity to total tangible assets – non-GAAP		9.84	%		8.89	%		9.25	%		9.47	%		9.48	%

	Three Months Ended June 30, 2025			Three Months Ended March 31, 2025			Three Months Ended June 30, 2024			Six Months Ended June 30, 2025			Six Months Ended June 30, 2024
Net income – GAAP	$	61,424		$	63,224		$	52,136		$	124,648		$	102,162
Adjustments:
FDIC special assessment		–			–			–			–			1,799
Legal matter accrual reversal		(2,276	)		–			–			(2,276	)		–
Loss on marketable securities		8,563			–			–			8,563			–
Tax on adjustments		(1,578	)		–			–			(1,578	)		(452	)
Adjusted net income – non-GAAP	$	66,133		$	63,224		$	52,136		$	129,357		$	103,509

Net income available to common stockholders – GAAP	$	61,393		$	63,224		$	52,105		$	124,617		$	102,131
Adjustments:
FDIC special assessment		–			–			–			–			1,799
Legal matter accrual reversal		(2,276	)		–			–			(2,276	)		–
Loss on marketable securities		8,563			–			–			8,563			–
Tax on adjustments		(1,578	)		–			–			(1,578	)		(452	)
Adjusted net income available to common stockholders – non-GAAP	$	66,102		$	63,224		$	52,105		$	129,326		$	103,478

Diluted earnings per share – GAAP	$	1.12		$	1.16		$	0.95		$	2.28		$	1.87
Adjustments:
FDIC special assessment		–			–			–			–			0.03
Legal matter accrual reversal		(0.04	)		–			–			(0.05	)		–
Loss on marketable securities		0.16			–			–			0.16			–
Tax on adjustments		(0.03	)		–			–			(0.03	)		(0.01	)
Adjusted diluted earnings per share – non-GAAP	$	1.21		$	1.16		$	0.95		$	2.36		$	1.89

Net interest income, on a fully taxable-equivalent basis	$	131,777								$	255,394
Adjustments:
Legal matter accrual reversal		(2,276	)								(2,276	)
Tax on adjustments		571									571
Adjusted net interest income, on a fully taxable-equivalent basis	$	130,072								$	253,689

Net interest margin-GAAP		3.10	%								3.01	%
Average earning assets		17,076,353									17,132,710
Adjusted net interest margin-non-GAAP		3.06	%								2.99	%

Return on average assets – GAAP		1.40	%		1.45	%		1.34	%		1.42	%		1.30	%
Net income available to common stockholders – GAAP	$	61,393		$	63,224		$	52,105		$	124,617		$	102,131
Adjustments:
FDIC special assessment		–			–			–			–			1,799
Legal matter accrual reversal		(2,276	)		–			–			(2,276	)		–
Loss on marketable securities		8,563			–			–			8,563			–
Tax on adjustments		(1,578	)		–			–			(1,578	)		(452	)
Adjusted net income available to common stockholders – non-GAAP	$	66,102		$	63,224		$	52,105		$	129,326		$	103,478
Average assets – GAAP	$	17,626,503		$	17,710,148		$	15,697,538		$	17,668,094		$	15,827,894
Adjusted return on average assets – non-GAAP		1.50	%		1.45	%		1.34	%		1.48	%		1.31	%

Return on average common stockholders’ equity – GAAP		14.56	%		15.63	%		14.08	%		15.08	%		13.96	%
Net income available to common stockholders – GAAP	$	61,393		$	63,224		$	52,105		$	124,617		$	102,131
Adjustments:
FDIC special assessment		–			–			–			–			1,799
Legal matter accrual reversal		(2,276	)		–			–			(2,276	)		–
Loss on marketable securities		8,563			–			–			8,563			–
Tax on adjustments		(1,578	)		–			–			(1,578	)		(452	)
Adjusted net income available to common stockholders – non-GAAP	$	66,102		$	63,224		$	52,105		$	129,326		$	103,478
Average common stockholders’ equity – GAAP	$	1,690,855		$	1,640,949		$	1,488,429		$	1,666,039		$	1,471,048
Adjusted return on average common stockholders’ equity non-GAAP		15.68	%		15.63	%		14.08	%		15.65	%		14.15	%

Efficiency ratio		33.46	%		34.97	%		37.31	%		34.22	%		39.42	%
Net interest income – GAAP	$	131,687		$	123,553		$	105,875		$	255,240		$	208,370
Adjustments:
Legal matter accrual reversal		(2,276	)		–			–			(2,276	)		–
Adjusted net interest income – non-GAAP	$	129,411		$	123,553		$	105,875		$	252,964		$	208,370
Total non-interest income – GAAP		421			8,277			8,891			8,698			17,704
Adjustments:
Loss on marketable securities		8,563			–			–			8,563			–
Adjusted non-interest income – non-GAAP	$	8,984		$	8,277		$	8,891		$	17,261		$	17,704
Adjusted net interest income and non-interest income – non-GAAP		138,395			131,830			114,766			270,225			226,074
Non-interest expense – GAAP	$	44,204		$	46,107		$	42,818		$	90,311		$	89,121
Adjustments:
FDIC special assessment		–			–			–			–			1,799
Adjusted non-interest expense – non-GAAP	$	44,204		$	46,107		$	42,818		$	90,311		$	87,322
Adjusted efficiency ratio – non-GAAP		31.94	%		34.97	%		37.31	%		33.42	%		38.63	%

CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(Dollars in thousands)
	June 30, 2025			June 30, 2024			% Change
ASSETS
Cash and due from banks	$	140,659		$	135,711		4	%
Interest-bearing balances due from depository institutions		1,236,485			1,129,922		9	%
Federal funds sold and securities purchased with agreement to resell		333,760			11,132		2,898	%
Cash and cash equivalents		1,710,904			1,276,765		34	%
Available for sale debt securities, at fair value		1,227,851			1,174,386		5	%
Held to maturity debt securities (fair value of $639,455 and $785,270, respectively)		686,652			767,255		(11	)%
Restricted equity securities		12,156			11,300		8	%
Mortgage loans held for sale		22,131			11,174		98	%
Loans		13,232,560			12,332,780		7	%
Less allowance for credit losses		(169,959	)		(158,092	)	8	%
Loans, net		13,062,601			12,174,688		7	%
Premises and equipment, net		59,993			59,200		1	%
Goodwill		13,615			13,615		–	%
Other assets		582,725			561,429		4	%
Total assets	$	17,378,628		$	16,049,812		8	%
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Deposits:
Non-interest-bearing demand	$	2,632,058		$	2,475,415		6	%
Interest-bearing		11,230,261			10,783,977		4	%
Total deposits		13,862,319			13,259,392		5	%
Federal funds purchased		1,599,135			1,097,154		46	%
Other borrowings		64,747			64,739		–	%
Other liabilities		130,644			117,951		11	%
Total liabilities		15,656,845			14,539,236		8	%
Stockholders’ equity:
Preferred stock, par value $0.001 per share; 1,000,000 authorized and undesignated at June 30, 2025 and June 30, 2024		–			–		–	%
Common stock, par value $0.001 per share; 200,000,000 shares authorized; 54,618,545 shares issued and outstanding at June 30, 2025, and 54,521,479 shares issued and outstanding at June 30, 2024		54			54		–	%
Additional paid-in capital		236,716			234,495		1	%
Retained earnings		1,500,767			1,322,048		14	%
Accumulated other comprehensive loss		(16,254	)		(46,521	)	(65	)%
Total stockholders’ equity attributable to ServisFirst Bancshares, Inc.		1,721,283			1,510,076		14	%
Noncontrolling interest		500			500		–	%
Total stockholders’ equity		1,721,783			1,510,576		14	%
Total liabilities and stockholders’ equity	$	17,378,628		$	16,049,812		8	%

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(In thousands except per share data)
	Three Months Ended June 30,					Six Months Ended June 30,
	2025			2024		2025			2024
Interest income:
Interest and fees on loans	$	206,521		$	194,300	$	403,457		$	381,278
Taxable securities		16,562			16,158		32,585			32,137
Nontaxable securities		5			9		11			18
Federal funds sold and securities purchased with agreement to resell		1,592			538		1,612			1,079
Other interest and dividends		21,955			16,535		50,066			39,738
Total interest income		246,635			227,540		487,731			454,250
Interest expense:
Deposits		93,488			104,671		188,233			208,737
Borrowed funds		21,460			16,994		44,258			37,143
Total interest expense		114,948			121,665		232,491			245,880
Net interest income		131,687			105,875		255,240			208,370
Provision for credit losses		11,296			5,353		17,926			9,721
Net interest income after provision for credit losses		120,391			100,522		237,314			198,649
Non-interest income:
Service charges on deposit accounts		2,671			2,293		5,229			4,443
Mortgage banking		1,323			1,379		1,936			2,057
Credit card income		2,119			2,333		4,087			4,488
Securities losses		(8,563	)		–		(8,563	)		–
Bank-owned life insurance income		2,126			2,058		4,263			5,289
Other operating income		745			828		1,746			1,427
Total non-interest income		421			8,891		8,698			17,704
Non-interest expense:
Salaries and employee benefits		22,576			24,213		45,455			47,199
Equipment and occupancy expense		3,523			3,567		7,245			7,124
Third party processing and other services		8,005			7,465		15,743			14,631
Professional services		1,904			1,741		3,837			3,205
FDIC and other regulatory assessments		2,753			2,202		5,607			6,107
Other real estate owned expense		27			7		60			37
Other operating expense		5,416			3,623		12,364			10,818
Total non-interest expense		44,204			42,818		90,311			89,121
Income before income tax		76,608			66,595		155,701			127,232
Provision for income tax		15,184			14,459		31,053			25,070
Net income		61,424			52,136		124,648			102,162
Dividends on preferred stock		31			31		31			31
Net income available to common stockholders	$	61,393		$	52,105	$	124,617		$	102,131
Basic earnings per common share	$	1.12		$	0.96	$	2.28		$	1.87
Diluted earnings per common share	$	1.12		$	0.95	$	2.28		$	1.87

LOANS BY TYPE (UNAUDITED)
(In thousands)

	2nd quarter 2025		1st quarter 2025		4th quarter 2024		3rd quarter 2024		2nd quarter 2024
Commercial, financial and agricultural	$	2,952,028	$	2,924,533	$	2,869,894	$	2,793,989	$	2,935,577
Real estate – construction		1,735,405		1,599,410		1,489,306		1,439,648		1,510,677
Real estate – mortgage:
Owner-occupied commercial		2,557,711		2,543,819		2,547,143		2,441,687		2,399,644
1-4 family mortgage		1,561,461		1,494,189		1,444,623		1,409,981		1,350,428
Non-owner occupied commercial		4,338,697		4,259,566		4,181,243		4,190,935		4,072,007
Subtotal: Real estate – mortgage		8,457,869		8,297,574		8,173,009		8,042,603		7,822,079
Consumer		87,258		65,314		73,627		61,986		64,447
Total loans	$	13,232,560	$	12,886,831	$	12,605,836	$	12,338,226	$	12,332,780

SUMMARY OF CREDIT LOSS EXPERIENCE (UNAUDITED)
(Dollars in thousands)
	2nd quarter 2025			1st quarter 2025			4th quarter 2024			3rd quarter 2024			2nd quarter 2024
Allowance for credit losses:
Beginning balance	$	165,034		$	164,458		$	160,755		$	158,092		$	155,892
Loans charged off:
Commercial, financial and agricultural		6,849			2,415			3,899			3,020			3,355
Real estate – construction		–			46			–			–			–
Real estate – mortgage		581			3,571			560			252			119
Consumer		72			60			211			155			108
Total charge offs		7,502			6,092			4,670			3,427			3,582
Recoveries:
Commercial, financial and agricultural		959			171			1,801			616			406
Real estate – construction		–			–			–			–			8
Real estate – mortgage		1			–			23			2			–
Consumer		58			27			151			37			15
Total recoveries		1,018			198			1,975			655			429
Net charge-offs		6,484			5,894			2,695			2,772			3,153
Provision for loan losses		11,409			6,470			6,398			5,435			5,353
Ending balance	$	169,959		$	165,034		$	164,458		$	160,755		$	158,092

Allowance for credit losses to total loans		1.28	%		1.28	%		1.30	%		1.30	%		1.28	%

Allowance for credit losses to total average loans		1.31	%		1.30	%		1.32	%		1.30	%		1.31	%
Net charge-offs to total average loans		0.20	%		0.19	%		0.09	%		0.09	%		0.10	%

Provision for credit losses to total average loans		0.35	%		0.21	%		0.21	%		0.17	%		0.18	%
Nonperforming assets:
Nonaccrual loans	$	68,619		$	73,793		$	39,501		$	37,075		$	33,454
Loans 90+ days past due and accruing		3,549			111			2,965			2,093			1,482
Other real estate owned and repossessed assets		311			756			2,531			2,723			1,458
Total	$	72,479		$	74,660		$	44,997		$	41,891		$	36,394

Nonperforming loans to total loans		0.55	%		0.57	%		0.34	%		0.32	%		0.28	%
Nonperforming assets to total assets		0.42	%		0.40	%		0.26	%		0.25	%		0.23	%
Nonperforming assets to earning assets		0.43	%		0.41	%		0.26	%		0.26	%		0.23	%
Allowance for credit losses to nonaccrual loans		247.69	%		223.64	%		416.34	%		433.59	%		472.57	%

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(In thousands except per share data)
	2nd Quarter 2025			1st Quarter 2025		4th Quarter 2024		3rd Quarter 2024		2nd Quarter 2024
Interest income:
Interest and fees on loans	$	206,521		$	196,936	$	200,875	$	205,952	$	194,300
Taxable securities		16,562			16,023		16,905		17,493		16,158
Nontaxable securities		5			6		6		7		9
Federal funds sold with agreement to		1,592			20		18		31		538
Other interest and dividends		21,955			28,111		26,088		24,496		16,535
Total interest income		246,635			241,096		243,892		247,979		227,540
Interest expense:
Deposits		93,488			94,745		98,702		113,211		104,671
Borrowed funds		21,460			22,798		22,022		19,647		16,994
Total interest expense		114,948			117,543		120,724		132,858		121,665
Net interest income		131,687			123,553		123,168		115,121		105,875
Provision for credit losses		11,296			6,630		5,704		5,659		5,353
Net interest income after provision for credit losses		120,391			116,923		117,464		109,462		100,522
Non-interest income:
Service charges on deposit accounts		2,671			2,558		2,650		2,341		2,293
Mortgage banking		1,323			613		1,513		1,352		1,379
Credit card income		2,119			1,968		1,867		1,925		2,333
Securities losses		(8,563	)		–		–		–		–
Bank-owned life insurance income		2,126			2,137		2,131		2,113		2,058
Other operating income		745			1,001		642		818		828
Total non-interest income		421			8,277		8,803		8,549		8,891
Non-interest expense:
Salaries and employee benefits		22,576			22,879		24,062		25,057		24,213
Equipment and occupancy expense		3,523			3,722		3,600		3,795		3,567
Third party processing and other services		8,005			7,738		8,515		8,035		7,465
Professional services		1,904			1,933		1,981		1,715		1,741
FDIC and other regulatory assessments		2,753			2,854		2,225		2,355		2,202
Other real estate owned expense		27			33		58		103		7
Other operating expense		5,416			6,948		6,455		4,572		3,623
Total non-interest expense		44,204			46,107		46,896		45,632		42,818
Income before income tax		76,608			79,093		79,371		72,379		66,595
Provision for income tax		15,184			15,869		14,198		12,472		14,459
Net income		61,424			63,224		65,173		59,907		52,136
Dividends on preferred stock		31			–		31		–		31
Net income available to common stockholders	$	61,393		$	63,224	$	65,142	$	59,907	$	52,105
Basic earnings per common share	$	1.12		$	1.16	$	1.19	$	1.10	$	0.96
Diluted earnings per common share	$	1.12		$	1.16	$	1.19	$	1.10	$	0.95

AVERAGE BALANCE SHEETS AND NET INTEREST ANALYSIS (UNAUDITED)
ON A FULLY TAXABLE-EQUIVALENT BASIS
(Dollars in thousands)

	2nd Quarter 2025					1st Quarter 2025					4th Quarter 2024					3rd Quarter 2024					2nd Quarter 2024
	Average Balance			Yield / Rate		Average Balance			Yield / Rate		Average Balance			Yield / Rate		Average Balance			Yield / Rate		Average Balance			Yield / Rate
Assets:
Interest-earning assets:
Loans, net of unearned income (1)
Taxable	$	12,979,759		6.37	%	$	12,683,077		6.29	%	$	12,414,065		6.43	%	$	12,351,073		6.63	%	$	12,045,743		6.48	%
Tax-exempt (2)		30,346		5.51			25,044		4.94			13,198		1.57			15,584		1.86			17,230		2.08
Total loans, net of unearned income		13,010,105		6.37			12,708,121		6.28			12,427,263		6.43			12,366,657		6.62			12,062,973		6.48
Mortgage loans held for sale		11,739		5.23			6,731		4.76			9,642		5.36			10,674		3.80			6,761		6.13
Debt securities:
Taxable		1,965,089		3.37			1,934,739		3.31			1,932,547		3.49			1,955,632		3.57			1,936,818		3.33
Tax-exempt (2)		492		4.88			589		5.43			606		5.28			815		4.42			1,209		3.64
Total securities (3)		1,965,581		3.37			1,935,328		3.31			1,933,153		3.49			1,956,447		3.57			1,938,027		3.33
Federal funds sold and securities purchased with agreement to resell		124,303		5.14			1,670		4.86			1,596		4.49			2,106		5.86			38,475		5.62
Restricted equity securities		12,146		6.64			11,461		7.43			11,290		6.80			11,290		7.36			11,290		7.16
Interest-bearing balances with banks		1,952,479		4.47			2,526,382		4.48			2,143,474		4.81			1,775,192		5.46			1,183,482		5.57
Total interest-earning assets	$	17,076,353		5.80	%	$	17,189,693		5.69	%	$	16,526,418		5.87	%	$	16,122,366		6.12	%	$	15,241,008		6.01	%
Non-interest-earning assets:
Cash and due from banks		109,506					108,540					103,494					103,539					96,646
Net premises and equipment		59,944					59,633					60,708					60,607					59,653
Allowance for credit losses, accrued interest and other assets		380,700					352,282					346,763					340,621					300,521
Total assets	$	17,626,503				$	17,710,148				$	17,037,383				$	16,627,133				$	15,697,828

Interest-bearing liabilities:
Interest-bearing deposits:
Checking (4)	$	2,222,000		1.78	%	$	2,461,900		2.38	%	$	2,353,439		2.61	%	$	2,318,384		2.97	%	$	2,227,527		2.85	%
Savings		101,506		1.63			101,996		1.61			102,858		1.52			102,627		1.76			105,955		1.71
Money market		7,616,747		3.67			7,363,163		3.61			7,067,265		3.86			7,321,503		4.45			6,810,799		4.46
Time deposits		1,321,404		4.09			1,361,558		4.24			1,286,754		4.45			1,197,650		4.52			1,157,528		4.47
Total interest-bearing deposits		11,261,657		3.33			11,288,617		3.40			10,810,316		3.63			10,940,164		4.12			10,301,809		4.09
Federal funds purchased		1,855,860		4.49			1,994,766		4.50			1,767,749		4.80			1,391,118		5.42			1,193,190		5.50
Other borrowings		64,750		4.26			64,750		4.30			64,738		4.22			64,738		4.22			64,738		4.27
Total interest-bearing liabilities	$	13,182,267		3.50	%	$	13,348,133		3.57	%	$	12,642,803		3.80	%	$	12,396,020		4.26	%	$	11,559,737		4.23	%
Non-interest-bearing liabilities:
Non-interest-bearing checking		2,633,552					2,600,775					2,672,875					2,575,575					2,560,245
Other liabilities		119,829					120,291					130,457					122,455					89,418
Stockholders’ equity		1,716,232					1,670,402					1,624,084					1,574,902					1,536,013
Accumulated other comprehensive loss		(25,377	)				(29,453	)				(32,836	)				(41,819	)				(47,584	)
Total liabilities and stockholders’ equity	$	17,626,503				$	17,710,148				$	17,037,383				$	16,627,133				$	15,697,828
Net interest spread				2.30	%				2.12	%				2.07	%				1.86	%				1.78	%
Net interest margin				3.10	%				2.92	%				2.96	%				2.84	%				2.79	%

^{(1) Average loans include nonaccrual loans in all periods. Loan fees of $4,430, $3,764, $4,460, $3,949, and $3,317 are included in interest income in the second quarter of 2025, first quarter of 2025, fourth quarter of 2024, third quarter of 2024, and second quarter of 2024, respectively.}
^{(2) Interest income and yields are presented on a fully taxable equivalent basis using a tax rate of 21%.}
^{(3) Unrealized losses on debt securities of $(36,381), $(41,970), $(46,652), $(58,802), and $(66,663) for the second quarter of 2025, first quarter of 2025, fourth quarter of 2024, third quarter of 2024, and second quarter of 2024, respectively, are excluded from the yield calculation.}
^{(4) Includes impact of reversal of a $2.3 million accrual related to a legal matter. Please see “GAAP Reconciliation and Management Explanation of Non-GAAP Financial Measures.”}

The MIL Network –

July 22, 2025

MIL-OSI: Tenable Named a Leader in Unified Vulnerability Management Solutions by Independent Research Firm

Source: GlobeNewswire (MIL-OSI)

COLUMBIA, Md., July 21, 2025 (GLOBE NEWSWIRE) — Tenable®, the exposure management company, today announced it has been named a Leader in “The Forrester Wave™: Unified Vulnerability Management, Q3 2025.” Tenable ranked highest of any evaluated vendor in the Strategy category and received the highest possible scores (5.0) across seven different criteria, including Vision and Roadmap.

Forrester defines Unified Vulnerability Management as “a solution that serves as the primary book of record for all organizational vulnerabilities and improves and facilitates remediation workflows.”¹ The report evaluated 10 vendors’ unified vulnerability management capabilities based on 19 different criteria.

Tenable’s rank as a leader is based on Forrester’s analysis of its Strategy and Current Offering, the Tenable One Exposure Management Platform, which received the highest possible score in seven different criteria, including:

Vision: Tenable credits its 5.0 score to its market momentum and sharp focus on changing the landscape for proactive security teams. The Forrester report notes, “Tenable continues to extend its established vulnerability management offerings into exposure management with its Tenable One platform.”
Breadth of Assets Supported: Tenable credits this score to its unmatched visibility across IT, cloud, OT, identity, and more—through both native discovery and seamless third-party data ingestion.
Exposure Assessment and Prioritization: Tenable attributes this score to its holistic organizational and contextual perspective of risk based on threat impact and attack path modeling across multiple environment types.
Reporting: The report states, “[Tenable’s] reporting stands out with ready-for-presentation reports that include trending and benchmarks.”
Benchmarking: Tenable attributes its score to its customizable peer-to-peer analyses across industry, geography and more with relevant information to their organization.

According to Forrester’s report, “Tenable’s vision considers how proactive security teams will need new strategies to address attackers’ evolving techniques over the next three to five years. Its strategy is complemented by a strong roadmap that includes expanding remediation and response capabilities, with a significant focus on remediation orchestration. Tenable’s flexible asset-ratio-based pricing model allows customers to scale Tenable One to select different assets to be monitored.”

The Forrester report also acknowledged the company “continues to extend its established vulnerability assessment offerings into exposure management with its Tenable One platform.”

“As attackers grow more sophisticated, organizations need unified visibility and risk-based prioritization to stay ahead,” said Eric Doerr, chief product officer, Tenable. “Unified vulnerability management is the essential first step toward effective exposure management. To us, this recognition affirms Tenable’s prowess in helping customers move from fragmented data to a cohesive, risk-based approach. With Tenable One, we’re giving them the clarity and confidence to reduce risk faster and more effectively.”

More information on Tenable One is available at: https://www.tenable.com/products/tenable-one

To read the full report, visit: https://www.tenable.com/analyst-research/forrester-wave-unified-vulnerability-management-wave-q3-2025

¹ The Unified Vulnerability Management Solutions Landscape, Q1 2025, Forrester Research, Inc.

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 .

About Tenable
Tenable® is the exposure management company, exposing and closing the cybersecurity gaps that erode business value, reputation and trust. The company’s AI-powered exposure management platform radically unifies security visibility, insight and action across the attack surface, equipping modern organizations to protect against attacks from IT infrastructure to cloud environments to critical infrastructure and everywhere in between. By protecting enterprises from security exposure, Tenable reduces business risk for approximately 44,000 customers around the globe. Learn more at tenable.com.

Media Contact:
Tenable
tenablepr@tenable.com

The MIL Network –

July 22, 2025

MIL-OSI: Tenable Named a Leader in Unified Vulnerability Management Solutions by Independent Research Firm

Source: GlobeNewswire (MIL-OSI)

COLUMBIA, Md., July 21, 2025 (GLOBE NEWSWIRE) — Tenable®, the exposure management company, today announced it has been named a Leader in “The Forrester Wave™: Unified Vulnerability Management, Q3 2025.” Tenable ranked highest of any evaluated vendor in the Strategy category and received the highest possible scores (5.0) across seven different criteria, including Vision and Roadmap.

Forrester defines Unified Vulnerability Management as “a solution that serves as the primary book of record for all organizational vulnerabilities and improves and facilitates remediation workflows.”¹ The report evaluated 10 vendors’ unified vulnerability management capabilities based on 19 different criteria.

Tenable’s rank as a leader is based on Forrester’s analysis of its Strategy and Current Offering, the Tenable One Exposure Management Platform, which received the highest possible score in seven different criteria, including:

Vision: Tenable credits its 5.0 score to its market momentum and sharp focus on changing the landscape for proactive security teams. The Forrester report notes, “Tenable continues to extend its established vulnerability management offerings into exposure management with its Tenable One platform.”
Breadth of Assets Supported: Tenable credits this score to its unmatched visibility across IT, cloud, OT, identity, and more—through both native discovery and seamless third-party data ingestion.
Exposure Assessment and Prioritization: Tenable attributes this score to its holistic organizational and contextual perspective of risk based on threat impact and attack path modeling across multiple environment types.
Reporting: The report states, “[Tenable’s] reporting stands out with ready-for-presentation reports that include trending and benchmarks.”
Benchmarking: Tenable attributes its score to its customizable peer-to-peer analyses across industry, geography and more with relevant information to their organization.

According to Forrester’s report, “Tenable’s vision considers how proactive security teams will need new strategies to address attackers’ evolving techniques over the next three to five years. Its strategy is complemented by a strong roadmap that includes expanding remediation and response capabilities, with a significant focus on remediation orchestration. Tenable’s flexible asset-ratio-based pricing model allows customers to scale Tenable One to select different assets to be monitored.”

The Forrester report also acknowledged the company “continues to extend its established vulnerability assessment offerings into exposure management with its Tenable One platform.”

“As attackers grow more sophisticated, organizations need unified visibility and risk-based prioritization to stay ahead,” said Eric Doerr, chief product officer, Tenable. “Unified vulnerability management is the essential first step toward effective exposure management. To us, this recognition affirms Tenable’s prowess in helping customers move from fragmented data to a cohesive, risk-based approach. With Tenable One, we’re giving them the clarity and confidence to reduce risk faster and more effectively.”

More information on Tenable One is available at: https://www.tenable.com/products/tenable-one

To read the full report, visit: https://www.tenable.com/analyst-research/forrester-wave-unified-vulnerability-management-wave-q3-2025

¹ The Unified Vulnerability Management Solutions Landscape, Q1 2025, Forrester Research, Inc.

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 .

About Tenable
Tenable® is the exposure management company, exposing and closing the cybersecurity gaps that erode business value, reputation and trust. The company’s AI-powered exposure management platform radically unifies security visibility, insight and action across the attack surface, equipping modern organizations to protect against attacks from IT infrastructure to cloud environments to critical infrastructure and everywhere in between. By protecting enterprises from security exposure, Tenable reduces business risk for approximately 44,000 customers around the globe. Learn more at tenable.com.

Media Contact:
Tenable
tenablepr@tenable.com

The MIL Network –

July 22, 2025

MIL-OSI Security: Defense News in Brief: 510th Buzzards, a history of excellence

Source: United States Airforce

AVIANO AIR BASE, Italy (AFNS) —

Nine pilots from the 510th Expeditionary Fighter Squadron at Aviano Air Base earned Single-Event Air Medals, and two were simultaneously awarded the Distinguished Flying cross, after returning from a deployment to the Central Command area of responsibility. During the deployment, they flew various defensive counter air sorties to protect U.S. Naval assets traveling through the Bab el Mandeb Strait, breaking records along the way.

“As the new Buzzard Commander, I am honored and humbled to lead such an accomplished team,” said Lt. Col. Brent Smith, the newly appointed commander of the 510th EFS. “The legacy of excellence, dedication and professionalism is inspiring and motivating. It’s a privilege to step into this role and work alongside some of the most talented and mission-focused individuals in the Air Force.”

During the deployment, the Buzzards flew 8,800 hours and 1,400 total sorties.

“The Buzzards supported a variety of missions, including Inherent Resolve’s fight against ISIS, Operation Prosperity Guardian’s protection of coalition partners and civilian vessels in the Red Sea, Operation Spartan Shield’s defense of US interests in the Arabian Gulf, and many other force protection and deterrence missions,” Smith said.

The 510th EFS has a long history of excellence, beginning in 1943 as the 625th Bombardment Squadron until being re-designated the 510th Fighter-Bomber Squadron later that same year.

After being stationed at various locations across the globe and experiencing multiple periods of activation and inactivation, the 510th EFS was permanently reactivated in 1994, establishing its current home at Aviano AB, Italy.

The 510th EFS has been the highest flown PSAB fighter unit since 2019, highest flown Aviano deployed unit since 2010, and the highest flown rotation fighter unit in the area of responsibility.

The Buzzards have flown combat missions during World War II, the Vietnam War, Operation Desert Storm, Operation Provide Comfort, Operation Deny Flight and many more. During their most recent deployment to support Operation Prosperity Guardian, the squadron exuded excellence while protecting American assets overseas.

“Each decoration represents not only a specific event, but also the precision, teamwork and unwavering commitment to the mission required to successfully execute in combat,” Smith said. “They represent countless hours of preparation, sacrifice and high intensity training by the whole Buzzard operations and maintenance team. They are proof of a culture that demands and delivers high performance every single day.”

MIL Security OSI –

July 22, 2025

MIL-OSI Security: Defense News in Brief: RIAT 2025 highlights global readiness, cooperation

Source: United States Airforce

During the Royal International Air Tattoo, the U.S. Air Force, alongside NATO allies and partners from around the globe, showcased what the strength of multinational relationships can achieve.

ROYAL AIR FORCE FAIRFORD, United Kingdom (AFNS) — The weather was calm and the sky was blue, yet thunder forced itself to be heard. From July 18-20, thousands of onlookers in the crowd gleefully braced themselves for a procession of roaring aerial acrobatics, helicopter rescue demonstrations, and raw airpower flooding the cloudy air above Royal Air Force Fairford.

The Royal International Air Tattoo is not only the largest air show in the world – it is a convention of lethality, ingenuity, and partnership. The U.S. Air Force, alongside NATO allies and partners from around the globe, showcased what the strength of multinational relationships can achieve.

“America’s international partners are one of its greatest strengths,” said U.S. Air Force Capt. Mercer Martin, 99th Expeditionary Reconnaissance Squadron U-2S pilot. “Spending our time meeting our partners in person while forging bonds and friendships is an extremely important addition to the relationships we have with our allied nations around the world.”

U.S. Air Force Gen. David Allvin, USAF Chief of Staff, speaks with Airmen assigned to the 95th Reconnaissance Squadron during the Royal International Air Tattoo at RAF Fairford, England, July 19, 2025. The interaction and exchanges we have with allies and partners at events like RIAT allows us to learn from and leverage the strengths and capabilities our allies and partners bring to the table. (U.S. Air Force photo by Airman 1st Class Cody J. A. Mott)

U.S. Air Force Capt. “Yeti” Martin, 99th Expeditionary Reconnaissance Squadron U-2S pilot, explains the capabilities of the U-2S Dragon Lady to Royal Air Force cadets during the Royal International Air Tattoo at RAF Fairford, England, July 18, 2025. One of the many benefits of RIAT is exposing allies, partner nations and the general public to our aircraft and the aircrews who operate them. These aircraft demonstrate our vast capabilities and ability to rapidly respond to threats and assure allies and partners. (U.S. Air Force photo by Airman 1st Class Cody J. A. Mott)

RAF Red Arrow aerobatic team member Graeme Muscat, announces the pilot’s aerial demonstrations during the Royal International Air Tattoo at RAF Fairford, England, July 20, 2025. Through high-impact aerial displays and multinational participation, RIAT highlights the strategic reach and operational readiness of allied and partner air forces. (U.S. Air Force photo by Airman 1st Class Cody J. A. Mott)

Exposing both the U.S. and partner-nation personnel to diverse strategies and training methods strengthens the goal of a cohesive, interoperable force. These relationships play a key part in times of peace as much as they do in the theater of war.

“I enjoy flying an aircraft that’s so close in league with our American colleagues. It’s a real change of pace,” said an RAF Rivet Joint pilot. “Your training systems and operational focus into different deployable locations make it so U.S. Airmen are more versed on how it all works in different areas of the world. It’s nice to be exposed to that and fly more often with pilots who have different techniques.”

As in years past, one of RIAT’s greatest strengths this year was the access it provided allies, partner nations and the public to U.S. aircraft, aircrew, and the stories behind them. It was a rare chance for global audiences to witness both the capabilities and the humanity behind modern airpower. This visibility builds confidence, strengthens support, and reinforces the value of continued collaboration.

“As aircrew stationed in the United Kingdom, I’m flying tanker missions and working with NATO allies while refueling them in the air,” said U.S. Air Force Capt. Tobin Nelson, 100th Air Refueling Wing pilot. “Being on the ground and meeting them face-to-face at RIAT is amazing. Knowing I’ve worked with their people gives me the ability to network, plan new training missions, and forge new bonds through flying.”

RIAT 2025 served as a powerful reminder that diplomacy and military strength go hand in hand. By bringing together allies and partners in a shared celebration of innovation and skill, the air show fostered trust, mutual understanding, and camaraderie that extended far beyond the runway. The relationships built not only enhance all nations’ operational readiness but also promote a culture of cooperation and respect that is vital in today’s complex environments.

RIAT’s ability to inspire generations also underscores the profound impact of bringing military aviation into the public eye. For many attendees, witnessing these aircraft in action and hearing firsthand accounts from dedicated personnel sparks a passion for service and a belief in the importance of teamwork.

“When you come here and see participants and children from every walk of life with a sparkle in their eye, you don’t ever want to stifle those dreams,” said U.S. Air Force Tech. Sgt. John Stortecky, 337th Airlift Squadron flight engineer. “Hopefully one day someone will say, ‘I had that tour through the aircraft and I saw them fly – and it inspired me to become who I am today.’”

MIL Security OSI –

July 22, 2025

MIL-OSI USA: Cornyn Cosponsors Bill to Label Muslim Brotherhood a Foreign Terrorist Organization

US Senate News:

Source: United States Senator for Texas John Cornyn

WASHINGTON – U.S. Senator John Cornyn (R-TX) cosponsored the Muslim Brotherhood Terrorist Designation Act, which would direct the U.S. Secretary of State to designate the Muslim Brotherhood as a terrorist group:

“Hamas – who is responsible for the mass murder of more than 1,200 civilians in the brutal attack against Israel on October 7 – openly identifies as a branch of the Muslim Brotherhood,” said Sen. Cornyn. “This bill rightfully directs the Secretary of State to designate the Muslim Brotherhood as a terrorist organization and imposes strict sanctions against them and their proxies who chant ‘death to America,’ sending a clear message that their anti-western agenda and threats to the American people and our allies will not be tolerated.”

Background:

The Muslim Brotherhood is a transnational Islamist organization that supports a wide array of regional affiliates, including groups actively engaged in terrorism. Hamas, already designated a Foreign Terrorist Organization (FTO) by the United States, openly identifies as a branch of the Muslim Brotherhood. Other branches, such as HASM and Liwa al-Thawra, have been linked to the Muslim Brotherhood by the U.S. Department of State and designated as Specially Designated Global Terrorists. Muslim Brotherhood branches have also been implicated in planning or supporting attacks in Jordan and are outlawed as terrorist groups by Austria, Bahrain, Egypt, Jordan, Saudi Arabia, and the United Arab Emirates. Several European countries are evaluating similar measures.

The bill modernizes previous efforts by shifting to a bottom-up approach, requiring the U.S. Secretary of State to record and evaluate individual Muslim Brotherhood branches annually, designate those that meet terrorism criteria, and impose sanctions accordingly. This is modeled after the successful approach taken to designate Iran’s Islamic Revolutionary Guard Corps in 2017.

The Muslim Brotherhood Terrorist Designation Act would:

Designate the Muslim Brotherhood under the Anti-Terrorism Act of 1987;
Require the U.S. Secretary of State to report annually on Muslim Brotherhood branches and assess their designation eligibility under FTO or SDGT authorities;
Mandate sanctions against the global Muslim Brotherhood and any branch found to meet terrorism criteria; and
Impose visa restrictions and immigration ineligibility on identified members.

The Muslim Brotherhood Terrorist Designation Act, led by Senator Ted Cruz (R-TX), was cosponsored by Sens. Tom Cotton (R-AR), John Boozman (R-AR.), Rick Scott (R-FL), Ashley Moody (R-FL), and Dave McCormick (R-PA).

The legislation is endorsed by FDD Action, Christians United for Israel Action Fund, the American Israel Public Affairs Committee (AIPAC), and the Republican Jewish Coalition.

Companion legislation was introduced in the U.S. House of Representatives by Rep. Mario Díaz-Balart (FL-26).

MIL OSI USA News –

July 22, 2025

MIL-OSI USA: ICMYI: Estes Joins Washington Watch with Tony Perkins

Source: United States House of Representatives – Congressman Ron Estes (R-Kansas)

U.S. Congressman Ron Estes (R-Kansas) joined Washington Watch with Tony Perkins with guest host Jody Hice to discuss the rescissions package, federal spending and provisions within the One Big, Beautiful Bill that will help Kansans and Americans, and more. Watch the interview on YouTube.

On the rescissions package:

“Obviously there’s a lot of work we need to do. One out of five dollars that the government spends is borrowed, so we’ve got a lot of things we need to look at. As you said, the rescissions package here was the first time in decades that a president has requested that discretionary spending be pulled back. That, ‘Hey, we don’t need to spend everything that was appropriated a year or longer ago, and focus on specific areas.’

“If you look through what’s in that rescissions package, the things that we were particularly pulling out, things like funding for NPR. They wanted to fund drag queen programs for children and programs talking about animals need to have their own pronouns … PBS had programs talking about white privilege.

“We all heard earlier this year all of the horror stories coming out of USAID in terms of the money that was being wasted around the world. Things like $3 million for electric vehicles in Vietnam and $70,000 for a Diversity, Equity, and Inclusion musical in Ireland. I don’t know why Ireland would want to have a DEI musical, but, if they do, the Irish taxpayers ought to pay for it and not American taxpayers.

“It’s great to do this rescissions package. [I was] glad to hear Speaker Johnson reiterate today that we need to be doing more of this as we look at all of the discretionary spending that comes out of the federal government, and what do we do going forward. We’ve got a lot of work to do, not just on a discretionary side with rescissions, but obviously some of those automatic spending programs as well.”

On other areas of the federal government that may be right for rescissions:

“When we look across the discretionary course, the spending has grown so great since before Covid. If you look at going back to I believe 2019, our tax revenue has gone up. It’s gone up 46% or so, so we’ve got a lot more tax revenue coming in after we passed the Tax Cuts and Jobs Act in 2017.

“What we’ve seen is spending’s gone up 70%. Some of that was temporary spending, or should have been temporary spending in Covid, but now it’s gotten baked in and it’s continued on grant programs and other areas across multiple programs. We’ve got so many programs at the federal level that are redundant. You may have four or five different programs in two or three different agencies that are designed to target the same issue. So we’ve got lots of areas to look at that.

“DOGE did a great effort earlier this year in identifying some of those areas, but we need to have a constant look at that in terms of where do we spend money, where should we be spending money, and does it make sense to spend dollars at this point, particularly when we’re borrowing one out of five dollars that’s being spent.”

On the tone of Democrats’ messaging to their voter base:

“[Democrats] really are [tone deaf.] They don’t have a positive message. They don’t have something that they want America to be for. Basically the Democrat party has become a party of socialists. They’re looking at, ‘How can they make the government spend and dictate what other people do?’

“For example, we look at the One Big, Beautiful Bill, I could talk about so many great provisions there. But their message out of the One Big, Beautiful Bill, that they oppose, is because they wanted to make sure that illegal immigrants got Medicaid. They wanted to make sure that people didn’t have to work at all for the Medicaid dollars that would be given to them to provide for their healthcare, [for] even as little as 20 hours a week, working in a job or getting an education or even in a volunteer role. And so, as they get more strident trying to talk against commonsense things, the American public is turning against them.

“When you look at the polling data that’s out there right now, of all Americans, [there is] 72% opposition to Democrats and the positions they’re taking in Congress. Even among Democrats, there’s a majority, 52% of Democrats are not happy that Democrats in Congress are not doing what should be done for America.”

On Congressman Estes’ op-ed on the One Big, Beautiful Bill:

“We talk a lot about the One Big, Beautiful Bill. There’s just so much positive things in there. A lot of it was centered around the tax provisions that we needed to extend after 2017, that were going to expire this year, and the results of provisions around border security and defense. But if you really peel some of the layers back and look at some of the details, there’s a whole lot of pro-family and pro-life provisions in there.

“What we really wanted to do is make sure that, for example, Medicaid funding was used not by Planned Parenthood to provide abortions. I mean we should have Medicaid to actually help people preserve and protect life and not end it. We wanted to make sure that families could raise their children … So we focused on increasing the Child Tax Credit for families and indexing it for inflation. We increased a tax credit for adoption for people to adopt families. That’s so important now when we see the birth rate dropping down to 11.7% per thousand. We need to have a continual growth in population to make sure that America continues to grow.

“You look at provisions like employer-funded childcare provisions. We wanted to make sure those were available. Permanent family and medical leave to help people who maybe have a temporary illness or an issue with their family. We wanted to make sure after these disastrous years of Bidenflation that people were able to raise their families and have the income to provide for their family.”

MIL OSI USA News –

July 22, 2025

MIL-OSI: Will XRP Fall Below $3.5? PFMCrypto Unveils Free XRP-Focused Mining Contracts, Drawing a Surge of XRP Holders

Source: GlobeNewswire (MIL-OSI)

New York, NY, July 21, 2025 (GLOBE NEWSWIRE) — The recent surge in XRP’s price follows a series of bullish developments—including the launch of futures exchange-traded funds (ETFs), the resolution of Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC), and a surge in institutional interest in digital assets. While some analysts expect a potential short-term retreat below the $3.5 level due to market consolidation, PFMCrypto experts argue that the overall uptrend remains solid, supported by improving fundamentals and growing global adoption.
With both retail and institutional demand reaching multi-year highs, PFMCrypto’s AI-optimized, hardware-free mining platform makes passive XRP earnings more accessible than ever—no rigs or prior crypto experience required.
Explore PFMCrypto XRP Mining Platform: https://pfmcrypto.net

XRP Cloud Mining Is Here—Simple, Smart, and Rewarding
Historically known for powering cross-border payments, XRP now enters a new era of accessibility and utility through PFMCrypto’s latest innovation: fully remote cloud mining. Users can earn XRP daily via short-term mining contracts or use PFMCrypto’s AI engine to automatically switch between the most profitable assets—including BTC, ETH, DOGE, and USDC—to ensure maximum returns regardless of market volatility.

Available via both mobile and web, the platform supports global access and is designed to serve first-time users as well as professional crypto investors.
Explore the PFMCrypto website or download the app today.

Key Features of PFMCrypto’s XRP Cloud Mining Contracts:
– Full XRP Integration: Deposit, mine, and withdraw XRP all in one seamless interface.
– Multi-Coin Mining Support: Earn in BTC, ETH, DOGE, USDC, USDT, SOL, LTC, or BCH as preferred.
– AI Revenue Optimization: Intelligent algorithms reallocate mining power to the highest-yielding assets.
– 100% Remote Access: Cloud-based platform—no rigs, no noise, no electricity bills.
– Capital Protection: Principal is fully returned at contract maturity, helping reduce risk exposure.

Mining Contracts for Every Budget and Strategy
To welcome new users during this market upswing, PFMCrypto is offering a wide range of accessible contracts:
$10 Contract – 1 Day – Earn $0.66 (Free with sign-up bonus)
$100 Contract – 2 Days – Earn $3.00/day + $2 bonus
$500 Contract – 5 Days – Earn $6.15/day
$5,000 Contract – 30 Days – Earn $78.50/day
$20,000 Contract – 45 Days – Earn $380.00/day
Whether testing the platform or building a robust mining portfolio, users can enjoy consistent, low-risk earnings in XRP or other digital assets.
Explore more XRP cloud contracts at: https://pfmcrypto.net

Why PFMCrypto’s XRP Mining Stands Out?
– No Hardware Required: Anyone can start mining XRP—no tech skills or setup needed.
– All-in-One Ecosystem: From deposit to withdrawal, everything happens within PFMCrypto.
– Stable Income, Dynamic Strategy: Daily payouts with AI-powered rebalancing to maximize returns.
– Flexible Mining Options: Mine XRP or automatically diversify into multiple coins—all within one plan.
– Instant Setup: Get started from any browser or phone, securely and remotely.

Get Started in 3 Simple Steps:
1. Sign Up – Create an account and claim a $10 free mining contract.
2. Choose a Plan – Select from flexible contracts lasting 1 to 60 days.
3. Start Earning – Monitor profits daily and withdraw in the token of your choice.

XRP Mining for a Digital Future:
Since 2018, PFMCrypto has empowered millions worldwide to earn passive income through secure, cloud-based mining. With the introduction of XRP contracts—paired with AI-powered optimization—users can now mine one of the most in-demand assets without barriers.
“XRP has always been fast and efficient,” said a PFMCrypto spokesperson. “Now, it’s also mineable—securely, remotely, and profitably. With the crypto market heating up, we’re making sure everyday users can ride the next wave of growth without complexity.”
While XRP’s recent price surge has captured global attention, short-term corrections below the $3.5 mark are still possible as the market absorbs gains. However, PFMCrypto offers a steady, intelligent path to earning daily crypto income—built to perform through both rallies and retracements.
Start mining XRP today at: https://pfmcrypto.net

Or download the PFMCrypto app (iOS & Android)

The MIL Network –

July 22, 2025

MIL-OSI: AIXA Miner Launches New BTC Cloud Mining Contracts Backed by Green Energy as Bitcoin Surges Past $123,000

Source: GlobeNewswire (MIL-OSI)

DENVER, Colorado, July 21, 2025 (GLOBE NEWSWIRE) — AIXA Miner, a global leader in sustainable cloud mining solutions, has officially launched a new set of high-yield Bitcoin (BTC) cloud mining contracts, developed under its ongoing green energy initiative. The update comes as Bitcoin experiences one of its most significant price surges to date, exceeding $123,000 in July 2025—a milestone driven by increased investor participation and growing regulatory transparency in the digital asset space.

With this announcement, AIXA Miner continues to advance its mission of providing intelligent, secure, and environmentally conscious access to crypto income. The newly released contracts allow users to leverage current market momentum through automated daily BTC rewards, without the need to purchase, configure, or manage mining hardware.

“This is a defining moment for digital asset adoption, and our platform is designed to help everyday users and professional investors participate with confidence,” said a spokesperson from AIXA Miner’s Product Operations Team. “As prices rally and interest spikes, our new green-powered BTC contracts make it easier than ever to earn sustainably from Bitcoin’s growth.”

The enhanced mining plans are part of AIXA Miner’s broader initiative to decentralise access to blockchain infrastructure while reducing the environmental impact of crypto mining. These contracts are executed through high-efficiency ASIC machines housed in data centres powered by 100% renewable energy sources—including hydroelectric, wind, and solar—across North America, Southeast Asia, and South America.

The current rise in Bitcoin’s price follows a notable increase in institutional and retail demand, supported by elevated trading activity and a more defined compliance landscape. In this environment, AIXA Miner’s platform stands out by offering real-time mining performance, smart contract-based automation, and AI-optimized resource allocation to ensure consistent and fair rewards across market cycles.

Unlike speculative trading models, which expose participants to high short-term volatility, AIXA Miner’s approach centers on predictable income through blockchain infrastructure. Once users select a BTC contract, the platform’s intelligent backend handles power routing, network balancing, and reward calculation. Payouts are issued daily through automated smart contracts, giving users full control and transparency over their mining returns.

Each contract tier has been tailored to accommodate a range of participant profiles—from newcomers seeking short-term exposure to experienced users allocating capital over several weeks. The flexible structure includes transparent return models, real-time reporting dashboards, and carbon footprint insights for every contract, making it one of the most comprehensive offerings currently available in the cloud mining sector.

AIXA Miner’s green energy pledge is a cornerstone of its operational strategy. By shifting its mining activities to regions with surplus renewable capacity and adopting energy-efficient cooling technologies, the company ensures that increased mining activity does not come at the cost of environmental degradation. Every data center participating in the new BTC contract suite undergoes energy source verification, with metrics made publicly accessible via the user dashboard.

“Our platform isn’t just built for profits—it’s built for the future,” the spokesperson added. “With AI optimization, renewable energy, and smart automation, we’re offering more than just access to Bitcoin—we’re offering responsible participation in the next generation of financial infrastructure.”

Users can activate BTC cloud mining contracts with minimal effort through AIXA Miner’s mobile-friendly platform. After registering and selecting a contract tier, participants deposit BTC and begin earning rewards within 24 hours. There are no hardware costs, no complex setups, and no recurring maintenance tasks—just a simplified, scalable, and sustainable pathway to digital asset earnings.

The timing of this launch aligns with a surge in long-term interest in blockchain technology. As Bitcoin’s network continues to grow in both usage and public trust, infrastructure-backed platforms like AIXA Miner provide a critical gateway for those who want to earn from the ecosystem without engaging in daily speculation.

The new BTC cloud mining contracts are now live and available to users worldwide. With the market showing strong signals of upward continuation and green infrastructure at the core of operations, AIXA Miner invites participants to explore a smarter, cleaner, and more profitable way to benefit from the digital economy’s most valuable asset.

Media Contact:
PR Division
info@aixaminer.com
https://aixaminer.com

Disclaimer:
This press release is for informational purposes only. Participation in cloud mining involves risk and should be based on independent research. AIXA Miner does not provide investment advice or guarantee specific financial outcomes.

Attachment

AIXA Miner