NewzIntel.com

Category: CTF

  • MIL-OSI Economics: Samsung in Partnership with Ocule IT Utilise Enterprise Development Bootcamp to Drive Economic Growth & Job Creation

    Source: Samsung

    Samsung is delivering the second phase of the Enterprise Development Bootcamp, while its partner Ocule IT is participating for the first time – providing support and expertise as part of this initiative. This transformative programme designed to prepare small and medium-sized enterprise (SME) participants for investment funding, with the ultimate aim of driving economic growth and job creation.
     
    This Bootcamp which was piloted last year is a critical component of Samsung’s R280-million worth Equity Equivalent Investment Programme (EEIP) and aims to equip entrepreneurs with the essential skills and knowledge needed to meet investor requirements and effectively approach the market. It is designed for aspiring entrepreneurs with experience in the Information and Communication Technology (ICT) field with innovative ideas and, this also includes start-ups and established enterprises aiming to scale or overcome challenges.
     
    This bootcamp is an intensive training programme and focuses on areas that include business management, financial planning and pitching to investors; designed to empower young entrepreneurs, particularly those from underserved communities, with skills and knowledge to launch and grow their businesses. Sponsored by Samsung, this EEIP transformative initiative is prioritising alumni’s from the Ocule IT Electronics Technician/Artisan programme.
     
    This programme is part of Samsung’s broader commitment to foster SME development and digital skills development in South Africa – leveraging local talent and expertise. Importantly, it is closely aligned with the National Development Plan (NDP) and black economic empowerment goals that are designed to transform the country’s economy by empowering Black South Africans – fostering a more equitable and inclusive society.
     
    Sanele Gcumisa, Managing Member of Ocule IT explained: “The launch of this Ocule IT and Samsung Enterprise Development initiative aims to empower entrepreneurs for investment readiness. This structured support seeks to ensure that participants are fully prepared to secure the needed funding to grow their businesses. This initiative underscores Ocule IT and Samsung’s commitment to foster entrepreneurship and drive economic growth by empowering businesses with business tools to become investor-ready.”
     
    This bootcamp focuses on fostering a dynamic and collaborative environment – empowering a diverse range of participants who already have a foundation in the electronics sector, while also enhancing the programme’s relevance and effectiveness. The programme provides training in areas that are relevant to starting and scaling a business, such as business planning, marketing and financial management.
     
    In particular, the structure of the Bootcamp involves a week-long intensive training session with masterclasses and opportunities to pitch business ideas for seed funding. The programme features a comprehensive five-day boot camp which took place the week of 07 – 11 July 2025 and will now be followed by a four-month incubation process that involves intensive mentoring.
     

     
    During this period, participants will work on creating a professional data room – a critical tool that potential funders and investors use to evaluate businesses. Also, this programme will provide a direct financial contribution of R500,000 to support participants in their entrepreneurial journey and take their businesses to the next level.
     
    A highlight of the initiative is the Pitch and Polish session, scheduled for the end of October 2025, where nine out of fifteen participants will have the opportunity to win cash prizes. These top performers are then divided into three categories, each comprising an average of five participants. The top three winners in the various tiers will be selected from each category, resulting in a total of nine winners. Following the Pitch and Polish session, the nine winners will undergo three months of monitoring as they submit their business plans and financials to potential funders and investors.
     
    Nicky Beukes, Samsung South Africa EEIP Project Manager said: “For us at Samsung, this programme’s impact goes beyond mere investment – it is there to offer financial support to Electronics Technician Programme alumni as well as innovative ideas to start a business and those who already have established enterprises but require additional assistance. The Bootcamp offers a comprehensive programme designed to nurture the entrepreneurial spirit of alumni and this, allows participants to gain access to seed funding, mentorship and business development workshops.”
     
    This holistic approach ensures that participants are equipped not only with financial resources but also with the strategic insights and practical skills necessary to succeed in the competitive electronics industry. With this programme, Samsung is able to provide successful entrepreneurs with access to its supply chain, potentially creating further business opportunities.
     
    Gcumisa added: “Because effective public, private partnerships (PPPs) are crucial to both our company and Samsung, we are also in the process of engaging with the KwaZulu-Natal Growth fund and Sefda including other business partners. Also, the plan is to have additional partners presenting in October closer to the Pitch and Polish stage to give final advice. All such activities will occur in the last quarter; however, the final details will be shared in due course. For now, the focus is to ensure that learners are presented with material that they can use to prepare for the Pitch and Polish.”
     
    This valuable initiative aligns with Samsung’s commitment to fostering entrepreneurship, skills development and positive social impact in the country. In essence, the Samsung EEIP ED Bootcamp provides a platform for ICT entrepreneurs to gain the skills, knowledge and support they need to thrive and contribute to the South African economy.
     
    Beukes concluded: “Our commitment to sustainable development in collaboration with Ocule IT ensures that the initiative contributes to long-term positive impacts on the local community. By empowering young entrepreneurs, the programme contributes to local economic participation and creates a more inclusive and innovative society.”

    MIL OSI Economics –

  • MIL-OSI Economics: Samsung in Partnership with Ocule IT Utilise Enterprise Development Bootcamp to Drive Economic Growth & Job Creation

    Source: Samsung

    Samsung is delivering the second phase of the Enterprise Development Bootcamp, while its partner Ocule IT is participating for the first time – providing support and expertise as part of this initiative. This transformative programme designed to prepare small and medium-sized enterprise (SME) participants for investment funding, with the ultimate aim of driving economic growth and job creation.
     
    This Bootcamp which was piloted last year is a critical component of Samsung’s R280-million worth Equity Equivalent Investment Programme (EEIP) and aims to equip entrepreneurs with the essential skills and knowledge needed to meet investor requirements and effectively approach the market. It is designed for aspiring entrepreneurs with experience in the Information and Communication Technology (ICT) field with innovative ideas and, this also includes start-ups and established enterprises aiming to scale or overcome challenges.
     
    This bootcamp is an intensive training programme and focuses on areas that include business management, financial planning and pitching to investors; designed to empower young entrepreneurs, particularly those from underserved communities, with skills and knowledge to launch and grow their businesses. Sponsored by Samsung, this EEIP transformative initiative is prioritising alumni’s from the Ocule IT Electronics Technician/Artisan programme.
     
    This programme is part of Samsung’s broader commitment to foster SME development and digital skills development in South Africa – leveraging local talent and expertise. Importantly, it is closely aligned with the National Development Plan (NDP) and black economic empowerment goals that are designed to transform the country’s economy by empowering Black South Africans – fostering a more equitable and inclusive society.
     
    Sanele Gcumisa, Managing Member of Ocule IT explained: “The launch of this Ocule IT and Samsung Enterprise Development initiative aims to empower entrepreneurs for investment readiness. This structured support seeks to ensure that participants are fully prepared to secure the needed funding to grow their businesses. This initiative underscores Ocule IT and Samsung’s commitment to foster entrepreneurship and drive economic growth by empowering businesses with business tools to become investor-ready.”
     
    This bootcamp focuses on fostering a dynamic and collaborative environment – empowering a diverse range of participants who already have a foundation in the electronics sector, while also enhancing the programme’s relevance and effectiveness. The programme provides training in areas that are relevant to starting and scaling a business, such as business planning, marketing and financial management.
     
    In particular, the structure of the Bootcamp involves a week-long intensive training session with masterclasses and opportunities to pitch business ideas for seed funding. The programme features a comprehensive five-day boot camp which took place the week of 07 – 11 July 2025 and will now be followed by a four-month incubation process that involves intensive mentoring.
     

     
    During this period, participants will work on creating a professional data room – a critical tool that potential funders and investors use to evaluate businesses. Also, this programme will provide a direct financial contribution of R500,000 to support participants in their entrepreneurial journey and take their businesses to the next level.
     
    A highlight of the initiative is the Pitch and Polish session, scheduled for the end of October 2025, where nine out of fifteen participants will have the opportunity to win cash prizes. These top performers are then divided into three categories, each comprising an average of five participants. The top three winners in the various tiers will be selected from each category, resulting in a total of nine winners. Following the Pitch and Polish session, the nine winners will undergo three months of monitoring as they submit their business plans and financials to potential funders and investors.
     
    Nicky Beukes, Samsung South Africa EEIP Project Manager said: “For us at Samsung, this programme’s impact goes beyond mere investment – it is there to offer financial support to Electronics Technician Programme alumni as well as innovative ideas to start a business and those who already have established enterprises but require additional assistance. The Bootcamp offers a comprehensive programme designed to nurture the entrepreneurial spirit of alumni and this, allows participants to gain access to seed funding, mentorship and business development workshops.”
     
    This holistic approach ensures that participants are equipped not only with financial resources but also with the strategic insights and practical skills necessary to succeed in the competitive electronics industry. With this programme, Samsung is able to provide successful entrepreneurs with access to its supply chain, potentially creating further business opportunities.
     
    Gcumisa added: “Because effective public, private partnerships (PPPs) are crucial to both our company and Samsung, we are also in the process of engaging with the KwaZulu-Natal Growth fund and Sefda including other business partners. Also, the plan is to have additional partners presenting in October closer to the Pitch and Polish stage to give final advice. All such activities will occur in the last quarter; however, the final details will be shared in due course. For now, the focus is to ensure that learners are presented with material that they can use to prepare for the Pitch and Polish.”
     
    This valuable initiative aligns with Samsung’s commitment to fostering entrepreneurship, skills development and positive social impact in the country. In essence, the Samsung EEIP ED Bootcamp provides a platform for ICT entrepreneurs to gain the skills, knowledge and support they need to thrive and contribute to the South African economy.
     
    Beukes concluded: “Our commitment to sustainable development in collaboration with Ocule IT ensures that the initiative contributes to long-term positive impacts on the local community. By empowering young entrepreneurs, the programme contributes to local economic participation and creates a more inclusive and innovative society.”

    MIL OSI Economics –

  • MIL-OSI Economics: New TV Commercial for Samsung SOS+ Service Goes Live

    Source: Samsung

    Samsung South Africa is proud to announce the release of its brand-new television commercial showcasing the recently launched Samsung SOS+ service, powered by AURA.
     
    The commercial brings to life the vital role that Samsung SOS+ plays in providing fast, reliable emergency assistance when it matters most. With a light-hearted and yet compelling story that shows exactly what the service does, the ad highlights how Samsung continues to use innovation to protect and empower its users.
     
    Viewers across South Africa can expect to see the commercial airing on major broadcast channels and across digital platforms. It’s a powerful reminder that help is now closer than ever – all at the touch of a button of the latest Galaxy A Series (A56, A36 and A26) smartphones, which exclusively offer the 12-month emergency assist subscription service for free.
     
    “We’re excited to share this campaign with the public,” said Kgomotso Mannya, Chief Marketing Officer for Samsung Africa. “The commercial reflects the real-world value of Samsung SOS+, and we hope it encourages more people to activate and use this life-enhancing service.”
     
    Keep an eye out, and experience how Samsung is empowering consumers with security, and peace of mind through Samsung SOS+.
     
    For more information, visit Samsung.com.
     

     

    MIL OSI Economics –

  • MIL-OSI Video: Ninth annual conference of the European Systemic Risk Board

    Source: European Central Bank (video statements)

    https://www.esrb.europa.eu/news/schedule/2025/html/20250903_9th_annual_conference.en.html

    https://www.youtube.com/watch?v=Uo5si6V31_Q

    MIL OSI Video –

  • MIL-OSI USA: Cortez Masto: Republicans’ Claw Back of Bipartisan Funding will Hurt Families, Make Nevadans Less Safe

    US Senate News:

    Source: United States Senator for Nevada Cortez Masto

    Washington, D.C. – U.S. Senator Catherine Cortez Masto (D-Nev.) voted against the Republican rescission package, which would cut already-approved bipartisan funding for public TV and radio as well as for global humanitarian aid. The legislation, which now heads back to the U.S. House of Representatives, would cut support for critical educational and public safety programs in Nevada.

    “Today, Republicans voted to slash funds that help rural communities, Tribes, families with kids, and farmers across the country. Public broadcasting funding in particular plays a critical role in delivering emergency alerts and keeping communities across Nevada safe,” said Senator Cortez Masto. “This vote also sets the dangerous precedent that Republicans can claw back funding that was already approved by Congress with bipartisan support. Nevadans deserve better.”

    The Republican rescission package would cut foreign aid programs that support American farmers, help thousands of vulnerable children worldwide, and help counter the influence of countries like Communist China abroad.

    The bill would slash over $7.5 million from public broadcasting in Nevada – including from Nevada Public Radio (KNPR), KUNR, Reno PBS TV, and Vegas PBS TV. The cuts would in turn affect rural communities whose radio and TV stations rely on public broadcasting funding – including stations in Laughlin, Mesquite, Elko, Tonopah, Round Mountain, and more. Eliminating these critical dollars will make it harder to get safety information and warnings to Nevadans in the cases of emergencies, AMBER Alerts, and natural disasters like wildfires. Public TV and radio also serve as critical resources that provide educational programming to children and families across the state. The average cost to the American taxpayer for public broadcasting is about $1.60 per person per year.

    “The elimination of CPB funding is a direct threat to Nevada Public Radio’s ability to cover news across our state—especially in rural communities, many of which are already considered news deserts. This decision undermines the essential role public media plays in connecting Nevadans with trusted, fact-based journalism and independent reporting that commercial media often overlooks. While CPB accounts for about 8% of our funding, its loss will be felt far beyond our budget—it jeopardizes our capacity to tell the stories of underrepresented communities, hold institutions accountable, and sustain meaningful reporting in places where no other outlet exists,” said Favian Perez, CEO & President of Nevada Public Radio.

    “We are beyond disappointed that despite the work of Senators Cortez Masto and Rosen, a majority of the Senate has decided to ignore the will of the American people and vote to defund public broadcasting. Due to this action thousands of Nevada’s families may lose access to the quality educational programs, services and emergency alerting notices provided by public television. This decision will have a negative impact on the quality of life in our state,” said Kurt A. Mische, President & CEO of PBS Reno.

    MIL OSI USA News –

  • MIL-OSI Europe: Swearing-in ceremony for new recruits of the Intelligence System for the Security of the Republic

    Source: Government of Italy (English)

    15 Luglio 2025

    The President of the Council of Ministers, Giorgia Meloni, and the Director General of the Security Intelligence Department (‘DIS’), Vittorio Rizzi, addressed today’s swearing-in ceremony for the new recruits of the Intelligence System for the Security of the Republic, held at Palazzo Dante in Rome. The ceremony was also attended by Undersecretary of State to the Presidency of the Council of Ministers Alfredo Mantovano, the Director of the Internal Intelligence and Security Agency (‘AISI’), Bruno Valensise, and the Director of the External Intelligence and Security Agency (‘AISE’), Giovanni Caravelli.

    [The swearing-in ceremony]

    MIL OSI Europe News –

  • Global oil prices likely to decline, India ready for any sanctions fallout: Hardeep Puri

    Source: Government of India

    Source: Government of India (4)

    Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Thursday expressed confidence that global oil prices could see a decline in the coming months. He also played down concerns about possible US sanctions over India’s continued purchase of oil from Russia.

    “The price of oil will come down as more sources of supplies are coming. We have enough oil around,” Puri said, underlining India’s strategy of tapping into a wider pool of suppliers to ensure energy security.

    In response to questions about potential US secondary sanctions on countries importing Russian energy, Puri said he was “not worried at all.”

    “If something happens, we will deal with it,” he said, adding, “Ek darwaza band hota hai to doosra khul jata hai” (When one door closes, another one opens).

    The minister highlighted that India has significantly broadened its oil import network. “India has diversified the sources of supplies from 27 to 40 countries now. 16 per cent of oil market growth has come from India, and studies show it may go up to 25 per cent.”

    Addressing the global dependence on Russian oil, Puri said that Russia accounts for 10 per cent of global crude production. “Our analysis shows that if Russia were not included, prices would have gone up to 130 dollars a barrel. Even Turkey, China, Brazil, and the EU have purchased oil and gas from Russia,” he said.

    ANI

  • Fire at mall in Iraq leaves at least 69 dead: Report

    Source: Government of India

    Source: Government of India (4)

    A massive fire in a hypermarket in al-Kut city in eastern Iraq has left at least 69 people dead and 11 others missing, Reuters reported citing city’s health authorities and two police sources on Thursday.

    Reuters’ footage of the aftermath of the overnight fire showed the blackened exterior of “Corniche Hypermarket” building, with rescue teams and security forces still at the site.

    Videos verified by Reuters showed firefighters spraying water on the blazing building overnight and people climbing from the roof with the help of rescue teams.

    “We have more bodies that have not been recovered still under fire debris,” city official Ali al-Mayahi told Reuters.

    The cause of the fire was not immediately known, but the province’s governor said initial results from an investigation would be announced within 48 hours, the INA state news agency reported.

    “We have filed lawsuits against the owner of the building and the mall,” INA quoted the governor as saying.

    A lack of safety measures in Iraq has led to large death tolls in fires. In 2023, more than 100 people were killed after a fire swept through a crowded wedding hall in a northern Iraqi town.

    (Reuters)

     

  • Indore, Surat, Navi Mumbai top Swachh Survekshan 2024-25 rankings

    Source: Government of India

    Source: Government of India (4)

    Indore, Surat, and Navi Mumbai have once again secured the top spots in urban sanitation, emerging as the cleanest cities in the Swachh Survekshan 2024-25 rankings. The three cities were ranked first, second, and third, respectively, in the newly introduced “Super Swachh League,” which recognises sustained excellence in cleanliness. Vijayawada followed closely, securing the fourth position.

    The Swachh Survekshan Awards 2024-25 were presented by President Droupadi Murmu at a ceremony organised by the Ministry of Housing and Urban Affairs (MoHUA) in the national capital on Thursday.

    Ahmedabad, Bhopal, and Lucknow were declared the new generation of top clean cities, emerging as India’s leading Swachh Shehars. In total, 78 awards were presented, recognising cities, cantonments, and institutions for their exemplary performance across a range of sanitation parameters.

    Prayagraj was honoured as the Best Ganga Town, while Secunderabad Cantonment Board was awarded for its strong sanitation efforts. Visakhapatnam, Jabalpur, and Gorakhpur received recognition as the Best SafaiMitra Surakshit Shehars for prioritising the safety, dignity, and welfare of sanitation workers. A special award was conferred upon the Government of Uttar Pradesh, the Prayagraj Mela Adhikari, and the Municipal Corporation of Prayagraj for successfully managing urban waste during the Mahakumbh, which saw a record footfall of approximately 66 crore people.

    This year’s Swachh Survekshan introduced a simplified and inclusive assessment framework, enabling smaller cities to compete on equal footing with larger counterparts under the principle of “One City, One Award.” As a result, 34 cities from various States and Union Territories were declared Promising Swachh Shehars for their notable progress in sanitation and urban cleanliness.

    Addressing the gathering, President Murmu commended the Ministry’s efforts in advancing the Reduce, Reuse, and Recycle (3R) principles and described the theme “Waste is Best” as central to promoting circularity in urban development. She highlighted the potential of circular practices in empowering youth, generating green jobs, and encouraging entrepreneurship. Applauding efforts by schools, startups, and zero-waste colonies, she urged all citizens to contribute to the collective resolve of building a cleaner India.

    Union Minister for Housing and Urban Affairs Manohar Lal launched the Swachh City Partnership initiative, a unique mentorship programme where 78 top-performing cities will each adopt and mentor one underperforming city from their respective states. “Zaroorat hai sabko saath lekar chalne ki,” he said, calling on cities to embrace the spirit of “Each One Clean One.”

    He also announced the Accelerated Dumpsite Remediation Programme, set to begin on August 15. The year-long initiative aims to clear legacy waste, unlock valuable urban land, and boost scientific waste processing capacities across cities.

    MoHUA Secretary Srinivas Katikithala reflected on the transformative decade of the Swachh Bharat Mission and called for long-term planning to align with India’s vision for Viksit Bharat 2047. He emphasised the role of the newly revamped survey framework—featuring 10 new parameters and five distinct population categories—in making the competition more inclusive and performance-driven.

    As a token of appreciation, President Murmu was presented with a handcrafted sarangi made from discarded materials, symbolising the mission’s waste to wealth philosophy. The event also saw the digital launch of the Swachh Survekshan 2024–25 Results Dashboard, providing an interactive overview of city rankings, achievements, and key performance indicators.

    Check out the winners list, GFC & ODF results dashboard here.
    https://ss2024.sbmurban.org/#/home

  • Drone attack targets Tawke oilfield in Iraq’s Kurdistan

    Source: Government of India

    Source: Government of India (4)

    A drone attack targeted an oilfield operated by Norwegian oil and gas firm DNO in Tawke, in the Zakho Administration area of northern Iraq, on Thursday, the Kurdistan region’s counter-terrorism service said.

    The attack is the second on the DNO-operated field since a wave of drone attacks began early this week.

    DNO, which operates the Tawke and Peshkabour oilfields in the Zakho area that borders Turkey, temporarily suspended production at the fields following explosions that caused no injuries, the counter-terrorism service said.

    DNO did not immediately reply to a request for comment.

    This week’s drone attacks have reduced oil output from oilfields in Iraq’s semi-autonomous Kurdistan region by between 140,000 to 150,000 barrels per day, two energy officials said on Wednesday, as infrastructure damage forced multiple shutdowns.

    The Ain Sifni oilfield, operated by U.S.-based Hunt Oil, was attacked on Wednesday in the Dohuk region of northern Iraq.

    Hunt Oil said that none of its team members were injured and its facilities are shut down while it assesses the damage.

    No group has so far claimed responsibility. However, Iraqi Kurdistan security sources said initial investigations suggest the drone came from areas under the control of Iran-backed militias.

    (Reuters)

  • MIL-OSI United Kingdom: Giving 16 and 17-year-olds the vote is a long-overdue step towards a stronger, more inclusive democracy say Greens

    Source: Green Party of England and Wales

    by Green Party

    Responding to the government’s announced plans to give votes to 16 and 17 year olds, Green Party MP, Ellie Chowns said: 

    “On this one, Labour have got it right. Giving 16- and 17-year-olds the vote is a long-overdue step towards a stronger, more inclusive democracy. Young people have powerful voices and a vital stake in decisions about their future — it’s only right that they have a say at the ballot box.

    But if Labour are serious about renewing our democracy, this must be just the beginning. We need to go further — that means scrapping the undemocratic House of Lords, and finally delivering proportional representation so that every vote counts.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Huge biosecurity centre investment to boost pandemic protection

    Source: United Kingdom – Executive Government & Departments

    Press release

    Huge biosecurity centre investment to boost pandemic protection

    A new world-leading biosecurity centre in Essex will protect the UK from emerging publicd health threats and boost economic growth.

    • World-leading biosecurity centre in Harlow, Essex to protect the UK against emerging public health threats
    • Multi-billion-pound government investment will make National Biosecurity Centre the largest of its kind in Europe
    • Will create around 1,600 new jobs to support construction and enhance collaboration between scientists and the life sciences sector

    People in the UK will be better protected from future pandemics and biosecurity threats thanks to government investment into a new, world-leading biosecurity centre in Harlow, Essex.

    The National Biosecurity Centre (NBC) will increase the speed and scale of research into dangerous pathogens and life-saving vaccines, boosting healthcare and economic growth, and protecting UK national security.

    The government is investing billions of pounds in the project, including £250m over this Parliament, for vital research and testing that is currently split across UK Health Security Agency (UKHSA) sites in Porton Down and Colindale under one roof.

    Once complete, the NBC will be the largest in Europe, creating around 1,600 new jobs to support construction of the site and enabling the development of new treatments and vaccines that could save countless lives.

    Health and Social Care Secretary Wes Streeting said:

    This transformational investment in the UK’s national biosecurity will better protect the British public from future health emergencies, boost the life sciences sector and create new jobs.

    COVID-19 taught us how crucial it is to be able to respond quickly to new emerging threats, and the new National Biosecurity Centre will allow us to do exactly that — ensuring Britain remains a world-leader in pandemic preparedness.

    Harlow will become a scientific hub, with The National Biosecurity Centre exploring new ways to treat illnesses, improve people’s health and save more lives.

    By backing innovation, research and life sciences, we will make our NHS fit for the future, and cement the UK as a life sciences superpower as part of our Plan for Change.

    The NBC will create 1,600 extra jobs to support construction of the site and enabling closer collaboration between leading scientists and the life sciences sector.

    The investment is part of a series of ways in which this government is making the UK a life sciences powerhouse to improve access to life-changing and innovative treatments for patients, as set out in the 10 Year Health Plan. This follows the launch of a new digital hub for the Medicines and Healthcare products Regulatory Agency (MHRA) in Leeds to ensure that life-saving healthcare innovations reach patients faster.

    We’re taking the lessons from COVID-19, boosting our world-leading vaccine manufacturing and research capabilities, and separately to Harlow, taking part in a national exercise later this year to make sure our preparations are watertight. Through the Pandemic Agreement, we’re also improving the world’s collective ability to prevent, prepare for, detect and respond to global disease threats and £108 billion in life sciences sector also protects us against future pandemics, as well as creating jobs and driving economic growth.

    Dyfed Alsop, interim UKHSA chief executive, said: > > This is fantastic news for the UK and will mean that we can continue to offer the best possible protection for people’s health for generations to come. > > A brand-new facility at Harlow will bring together our world leading public health science and emergency response capabilities, putting us in a stronger position to protect the public and keep people safe. > > This marks a significant investment in our future, ensuring that the UK remains a world leader in health security and that we are better prepared against a growing range of health threats.

    The NBC will create exciting new partnerships between UKHSA scientists and industry – paving the way for potential research breakthroughs, including in the realm of infectious diseases, environmental health, and behavioural sciences. Harlow will deliver state of the art highly secure laboratories that will be used to research the most dangerous and new diseases.

    Being physically closer to industry partners in the Oxford-Cambridge corridor will furthermore strengthen collaborations.

    Science Minister Lord Vallance said:

    The National Biosecurity Centre will help to strengthen the UK life sciences sector for decades to come, by backing our world-renowned researchers with highly advanced facilities to develop life-saving treatments in the face of new health threats.

    By enabling further collaboration between researchers at the cutting-edge and industry, the new hub can help drive the economic growth that benefits us all, building on the highly skilled new jobs already being delivered, and supporting our Plan for Change.

    The new facility will form part of a new network of National Biosecurity Centres recently announced under the 2025 National Security Strategy. This network will strengthen and formalise existing collaborations between UKHSA, the Animal and Plant Health Agency (APHA) and the Defence Science and Technology Laboratory (Dstl) to bolster the UK’s resilience to deliberate, accidental or naturally occurring biological incidents. It follows the announcement last month of investment of more than £1 billion in a new campus in Weybridge to research and respond to animal and zoonotic diseases.

    Work to prepare NBC for operation will begin as soon as possible, with the first facilities due to open by the mid-2030s and the whole site scheduled to be in operation by 2038.

    By enhancing the UK’s resilience against biological threats, the opening of NBC will strengthen our national security – one of the essential foundations underpinning our Plan for Change.  

    Notes to editors:

    • Further information on the Network of National Biosecurity Centres: Network of National Biosecurity Centres – GOV.UK
    • The decision to open the new site in Harlow was made following an extensive review of the best ways to deliver the specialist laboratories that the UK needs, including the possibility of redeveloping existing sites.
    • UKHSA will continue operating from Colindale and Porton until the new Centre in Harlow is fully up and running, to ensure a safe and effective transition.
    • The DSTL site at Porton Down is not affected by this new development and will remain operational.
    • Of the total multi-billion investment in the Centre, £250 million will be spent by the Government over this Parliament alone to kickstart delivery. The exact total amount of funding for the Centre will be confirmed in due course.

    Updates to this page

    Published 17 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Nearly 1,200 cared for children supported to do well in school

    Source: City of Stoke-on-Trent

    Published: Thursday, 17th July 2025

    More than 1,160 children and young people in Stoke-on-Trent who are cared for – or were previously cared for – have been given extra help over the past year to succeed in their education.

    The city council’s Virtual School has helped young people in lots of ways, including building confidence, supporting schools with implementing strong support plans, providing funding for interventions and resources.

    It also offers advice and guidance to help prepare for the next stage of education and providing training to help schools understand the needs of children, who are care experienced and have a social worker.

    The specialist team behind the Virtual School support young people who are, or have been, in care. They work with schools, carers and social workers to ensure cared for children get the support they need to do well and feel confident in the classroom.

    Their work also focuses on improving outcomes for children and the use of bespoke Personal Education Plans (PEPs) for looked after children continues to form the basis for support and delivering outcomes.

    The Virtual School also leads on a number of city wide projects to upskill schools in Relational Approaches in Education (RAiE), raising attainment for disadvantaged youngsters, as well as a summer transition programme for those leaving secondary school.

    One of the most successful schemes has been the RAiE Project, which focused on schools adopting relational approaches and understanding children who suffer with attachment and trauma difficulties. So far, 46 schools have taken part over the last three years and seven of them have Bronze Awards, five have Silver Awards and the New Guild Trust has just won the 2025 Alex Timpson Attachment Award for the Midlands.

    Another impactful project is the summer programme run with YMCA North Staffordshire to help teenagers transition and get ready to start college or training in September. Over the last two years, 90 per cent of those young people who have attended have been in education, employment and training in the September.

    The summer sessions included college visits, CV writing and team-building activities.

    Councillor Sarah Jane Colclough, cabinet member for children’s services at Stoke-on-Trent City Council, said: “We’re proud to support cared for children by giving them the tools and confidence they need to achieve their goals – that support can change lives.

    “The Virtual School has achieved great things in the last year and has had a profound positive impact on children and young people in the city.

    “Outcomes for many young people have been improved thanks to the hard work of the service and not only does this improve life chances for our young residents, but it also helps with tackling inequality in the city and building empowered communities.”

    Looking ahead, plans are in place to:

    • Improve attainment for children with special educational needs and disabilities (SEND)
    • Improve school attendance
    • Improve support for children and young people at risk of being not in education, employment or training
    • Make sure children’s views are heard and acted on

    The work is part of the council’s ongoing commitment to helping every cared for child achieve their full potential.

    For more information on the Virtual School, visit the website: www.stoke.gov.uk/virtualschool

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Jimmy Discovers Employment

    Source: Scotland – City of Dundee

    A Dundee man has set sail on a new career after receiving all hands on deck support from the Council’s employability service.

    Jimmy Moran, 60, was previously a training instructor at Michelin for around 25 years before the factory closed in 2020 and has secured new employment as a ship’s crew maintenance worker at the RRS Discovery.

    Dundee Heritage Trust (DHT), who run Captain Scott’s famous Antarctic ship at Discovery Point, were looking to employ someone to maintain the attraction and support the ongoing preservation of the vessel.

    Jimmy visited the Adult Employability Service after a recommendation from a friend and with the help of the team at various sessions started getting interviews. Despite a few knock-backs Jimmy received constant reassurance and conversations about how his experiences were a strength.

    While attending a job shop, run by the service, he noticed the position at DHT appear online and the team helped him apply for the role, get an interview and follow up with the trust about progress.

    Speaking about his experience Jimmy said: “The support I received from the employability service was very good. They always got in touch with me when any job arose that they thought I may be interested in.

    “I was previously working at Michelin and unfortunately the factory closed. I was looking for something totally different from my past roles and to be able to use my people skills, jovial personality and do something more fun!”

    Jimmy beat around 70 other applicants to the job, and he puts this down to the support of council’s employability service who gave him the determination and desire to go for the job despite the barriers he thought he would face.

    “One of the barriers I was thinking about was my age and another was the type of jobs available. With the support of the team however I managed to get an interview with Dundee Heritage Trust to work on the RRS Discovery. When I was then offered the job, I was over the moon.”

    The RRS Discovery is currently going through conservation work to restore the 124 year old polar vessel and Jimmy is using his skills to help the contractors while also learning from them about their work.

    Jimmy added: “As part of my job I do a lot of work on the ship such as painting, varnishing, building, cutting, sanding and cleaning alongside day-to-day general maintenance of Discovery Point. I’m very fortunate to now be in a job I enjoy so this is my plans until I retire. The way I look at it, I will always be a part of the history of the ship”

    Ali Gellatly is the ship and facilities director at Dundee Heritage Trust. 

    Speaking about Jimmy and the employment process he said: “We were approached by the employability service to have a meeting to discuss the role and find out more. We then went through the normal interview process with a practical element, which Jimmy absolutely excelled at, and we felt like a perfect fit for us.

    “Jimmy is one of those people where he is more than happy to help anyone he can. The ship’s crew is vital but it’s not always easy to employ the right person. Having Jimmy joining us was an absolute win.”

    Employer Recruitment Incentive (ERI) funding was put in place to further secure the role, purchase equipment and help the heritage trust towards the extensive training Jimmy received. 

    Ali added: “The funding Jimmy came with was really useful for us and made sure he had everything he needed right from the start.”

    “We would absolutely have someone again through the employability service. The feedback and updates we get from them are really helpful as well as the constant contact, knowing there is someone you can speak to with any issues.”

    Jimmy added, “I would absolutely recommend the service for anyone looking for a job, they are very passionate about what they do, they are very considerate, and they will help you the best they can.”

    Jimmy and Ali have filmed videos speaking about their experiences and these can be found on the Council’s YouTube channel.

    Fair Work, Economic Growth and Infrastructure convener Councillor Steven Rome said: “I am very pleased to hear about Jimmy’s success in getting a job with Dundee Heritage Trust through the council’s employability service and offer my congratulations to him and everyone involved.

    “His work on board the RRS Discovery in maintaining this important asset for this city is not only evidently appreciated by his employers but by me and I’m sure everyone who visits.

    “It is clear to me that the employability team provide an excellent, professional and dedicated service and I would encourage anyone looking for employment to get in touch.”

    More information about the employability services the council support people with can be found on the Dundee City Council website.

    MIL OSI United Kingdom –

  • MIL-OSI New Zealand: Pasifika secondary students explore leadership and future pathways at EIT

    Source: Eastern Institute of Technology

    6 hours ago

    Pasifika secondary students from across Hawke’s Bay came together at EIT’s Hawke’s Bay campus in Taradale for a new leadership event focused on identity, connection and pathways to tertiary education.

    The HB Pasifika Secondary School Leadership Mini Conference brought together more than 100 students from 26 schools for a day of interactive workshops, cultural affirmation and future-focused kōrero.

    Hosted by EIT’s Cultural and Learner Support, Liaison and MPTT teams in collaboration with the Pasifika Teachers Committee, the event aimed to inspire young Pasifika leaders and strengthen ties between schools and tertiary education.

    Special guest speaker Danny Toala, a professional rugby player and old boy of Hastings Boys’ High School, shared his personal journey and reflections with students. Toala has played for the Hawke’s Bay Magpies and Moana Pasifika and now plays for French Pro D2 club Oyonnax.

    Sharon Malaitai, EIT Pasifika Student Support Advisor, said the day was about giving students a sense of what learning in a tertiary environment feels like. It also helped them see themselves in that space.

    “It’s been really engaging. The day was about helping our Pasifika learners see themselves in tertiary education, having the same confidence as their ancestors to navigate through any challenges.”

    “Also allowing the students the experience of learning in a tertiary space, and that feeling of belonging and being here at EIT,” she said.

    Workshops throughout the day focused on identity and leadership, understanding how the brain works, learning about student support services and exploring available courses.

    “One workshop looked at understanding your identity, recognising the strengths and challenges that come with that and how they can help you through your educational journey,” said Sharon.

    “Another was about understanding the brain, and how to overcome some of the challenges students might be dealing with. Others focused on practical support like scholarships and financial help, and understanding what courses are available.”

    Sharon said the strength of the day lay in the connections. These included those among the students and those between the community and the institution.

    “This all started with a community connection. It’s something the Pasifika Teachers Hawke’s Bay Committee was navigating and then reached out to me for support. It shows the strength and importance of relationships and just having the students here is powerful. It’s a way of re-acknowledging what our community values are.”

    Pasifika Teachers Hawke’s Bay Committee board member Blossom Sale said the event was part of a wider effort to provide termly leadership and connection opportunities for Pasifika students across the region.

    “The whole purpose is to connect young Pasifika leaders, not only within their schools but with other schools as well,” she said. “It’s about building relationships, giving them tools and resources, and promoting education within our Pasifika communities.”

    She credited Sharon and the team at EIT for creating an experience that was not only informative but uplifting.

    “It’s been awesome seeing the students engage and also hearing that there is real support here at EIT.”

    Blossom said many Pasifika students face a difficult transition from high school to study or work.

    “We’re just trying to stand in that gap. This is about helping them see their options, whether that’s study, trades or work. And journeying with them through that process.”

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: EIT launches environmental programme grounded in kaitiakitanga

    Source: Eastern Institute of Technology

    12 seconds ago

    A new programme at the Eastern Institute of Technology (EIT) is equipping students with practical environmental skills while embedding the principles of kaitiakitanga (Māori environmental guardianship).

    The NZ Certificate in Primary Industry Skills (Level 2) and Primary Industry Operational Skills (Level 3) are delivered as a 32-week conjoint programme, combining predator control, native planting, fencing, and machinery training with a kaupapa Māori approach.

    Site coordinator Tania Basher said the course was designed to fill a gap in environmental education at these levels while offering a pathway into further study or work across the primary industries.

    Programme tutor Tane Cruikshank said the programme aims to connect people with nature in a kaupapa Māori way, fostering a deeper relationship with the environment.

    “Kaitiakitanga is woven through everything we do,” Tane said. “It’s not just a concept we talk about; it’s something the students practice every day through their work in the gully and their growing connection to the whenua.”

    Students began with Level 2 in March and will move into Level 3 from late July.

    Tane said the programme is about more than environmental work, as students gain skills that can be applied across a variety of industries, opening doors to future career opportunities.

    Throughout the programme, students carry out practical environmental work, including pest control, restoration planting, native tree propagation, and track maintenance. Most of the learning takes place in a large gully behind EIT below Otatara Pa that EIT students have been returning to native bush.

    They build trap boxes, install DOC 200 traps, monitor wildlife using cameras, and have adopted a zone within the gully to manage and restore.

    Tania said students have taken guardianship of the gully space and have achieved some great trapping results.

    Level 3 introduces advanced tools and machinery, including scrub bars, chainsaws, light utility vehicles, and tractors. Students also develop skills in fencing and conservation infrastructure, such as building predator-proof enclosures.

    Tane said the skills they gain can be used in conservation, horticulture, agriculture, or farming.

    Alongside practical training, learners gain industry experience through partnerships with local organisation Te Wai Mauri, who run a native plant nursery and kaitiaki ranger team. This connection to local initiatives reinforces the kaupapa Māori foundation of the programme and provides students with valuable real-world experience.

    Applications are open now for the July intake. Graduates can go on to entry-level roles in the primary industries or progress to further qualifications such as the NZ Diploma in Environmental Management.

    “It’s about experiencing a connection with the whenua as a foundation for their learning,” Tania said.

    MIL OSI New Zealand News –

  • MIL-OSI Asia-Pac: Low-altitude amendments take effect

    Source: Hong Kong Information Services

    Two legislative amendments on low-altitude economy development will come into effect tomorrow.

    The two amendments – The Small Unmanned Aircraft (Amendment) Order 2025 and the Air Navigation (Hong Kong) Order 1995 (Amendment) Order 2025 – are aimed at facilitating the development of a low-altitude economy.

    The amendments to the Small Unmanned Aircraft (SUA) Order serve to extend the existing regulatory regime to cover SUA weighing over 25kg but not exceeding 150kg.

    Relevant guidance documents including the updated Safety Requirements Document and Advisory Circulars will be available online from tomorrow.

    Meanwhile, the amendments to the Air Navigation (Hong Kong) Order 1995 serve to facilitate the trials of various unconventional aircraft in Hong Kong.

    New articles are added to empower the Chief Executive to permit the trials of unconventional aircraft under specified conditions.

    Practical guidance in respect of the trials of unconventional aircraft will be published online tomorrow.

    MIL OSI Asia Pacific News –

  • MIL-OSI Africa: States announce several measures to halt the Gaza genocide at Bogotá conference

    Source: Government of South Africa

    States announce several measures to halt the Gaza genocide at Bogotá conference

    In a significant multilateral initiative, a coalition of countries from various regions has agreed on six coordinated diplomatic, legal and economic measures aimed at restraining Israel’s actions in the occupied Palestinian territories and upholding international law.

    The Emergency Conference of The Hague Group, jointly organised by the governments of Colombia and South Africa as co-chairs, brought together 30 nations from Africa, Asia, Europe, North America, and South America. 

    “In the deliberations at the Bogotá conference, all 30 participating States unanimously agreed that the era of impunity must end – and that international law must be enforced without fear or favour through immediate domestic policies and legislation – along with a unified call for an immediate ceasefire,” a joint statement issued at the end of the conference read. 

    To initiate this process, 12 countries from around the world – Bolivia, Colombia, Cuba, Indonesia, Iraq, Libya, Malaysia, Namibia, Nicaragua, Oman, Saint Vincent and the Grenadines, and South Africa – convened in Bogotá, Colombia, for two days. 

    READ | Israel’s disregard for ICJ rulings undermines global governance, says Dangor

    The countries committed to immediately implement six measures through their domestic legal and administrative systems. 

    The leaders have scheduled a meeting for 20 September, coinciding with the 80th United Nations General Assembly, to invite more countries to join this initiative. Consultations with governments worldwide are currently underway.

    The countries have since announced several measures to be adopted based on the States’ domestic legal and legislative frameworks. This includes a ban on arms shipments to Israel, a prohibition on ships transporting such arms, and a review of public contracts to identify any links to companies benefiting from the Israeli occupation. 

    In addition, the group supports “universal jurisdiction mandates”, which would enable States or international bodies to prosecute serious international crimes, regardless of where they occurred.

    “These 12 States have taken a momentous step forward,” said UN Special Rapporteur on human rights in the occupied Palestinian territory, Francesca Albanese. 

    “The clock is now ticking for States – from Europe to the Arab world and beyond – to join them.”

    The conference agreed to set a deadline for States’ final decisions by September 2025, in line with the 12-month timeframe mandated by United Nations General Assembly Resolution A/RES/ES-10/24, adopted on 18 September 2024.

    That resolution called on all States to take effective action on Israel’s violations of international law, including accountability, sanctions, and cessation of support — within one year of adoption.

    “We came to Bogotá to make history – and we did,” said Colombian President Gustavo Petro. 

    “Together, we have begun the work of ending the era of impunity. These measures show that we will no longer allow international law to be treated as optional, or Palestinian life as disposable.” 

    South Africa’s International Relations and Cooperation Minister, Ronald Lamola, said what they have achieved is a collective affirmation that no State is above the law. 

    “The Hague Group was born to advance international law in an era of impunity. The measures adopted in Bogotá show that we are serious and that coordinated State action is possible,” said Lamola. 

    The Executive Secretary of The Hague Group, Varsha Gandikota-Nellutla, said the conference marks a turning point – not just for Palestine, but for the future of the international system.  

    “For decades, States, particularly in the Global South, have borne the cost of a broken international system. In Bogotá, they came together to reclaim it, not with words, but with actions.” – SAnews.gov.za

    Gabisile

    MIL OSI Africa –

  • MIL-OSI Africa: Mandela Day: New change room facilities at Westbury Open Grounds

    Source: Government of South Africa

    Mandela Day: New change room facilities at Westbury Open Grounds

    The Chairperson of Committees of the Gauteng Provincial Legislature, Bishop Dulton Adams, will lead a Mandela Day activation in Westbury on Friday.

    This as South Africans join the global community in commemorating the late former President Nelson Mandela’s legacy on 18 July 2025 for Nelson Mandela International Day, which is also known as Mandela Day.

    The Gauteng Provincial Legislature will highlight the construction of change room facilities at the Westbury Open Grounds.

    This responds directly to the needs of the community by ensuring young players, especially girls, have access to safe, private spaces to change before and after matches.

    The event, aimed at promoting youth development, dignity, and social upliftment through sport, demonstrates the Legislature’s commitment to building a better, more inclusive society.

    “This initiative forms part of the Gauteng Provincial Legislature’s public participation mandate, reaffirming its role as a caring, activist and people-centred Legislature. The Legislature continues to champion cooperative governance and promote meaningful engagement with communities, especially those most in need,” it said in a statement.

    The activation will start at 10am at the Mabaleng Stadium. – SAnews.gov.za

    Janine

    MIL OSI Africa –

  • MIL-OSI Africa: Premier Mokgosi to visit elderly in Mazista

    Source: Government of South Africa

    Premier Mokgosi to visit elderly in Mazista

    Elderly people in Mazista village in Swartruggens will on Friday be paid a visit by the North West Premier, Lazarus Kagiso Mokgosi.

    As part of commemorating International Nelson Mandela Day, the Premier will carry out renovations at a centre for elderly people as well as donate equipment for their vegetable garden and groceries.

    Mokgosi will be accompanied by Members of the Executive Council and Kgetlengrivier Local Municipality Mayor Thabo Jacobs as well as senior government officials.

    “The initiative, which is a collaborative effort between government and various social partners, gives impetus to this year’s celebrations held under the theme: ‘Uniting to combat poverty and inequity’,” said the Premier’s office in a statement.

    The late former President Nelson Mandela, in addressing the scourge of poverty, suffering and deprivation, said: “It is in your hands to make our world a better one for all, especially the poor, vulnerable and marginalised.”

    These profound words by the global icon and father of the nation are at the heart of the actions this Nelson Mandela Day in tackling poverty, fighting inequality and building a society based on justice. 

    The day is an opportunity for citizens to recognise their individual power to change the world for the better. – SAnews.gov.za

    Janine

    MIL OSI Africa –

  • MIL-OSI United Kingdom: Patients with long-term conditions to receive help from charities

    Source: United Kingdom – Executive Government & Departments

    Press release

    Patients with long-term conditions to receive help from charities

    Hundreds of thousands of patients with long-term conditions will be automatically referred to specialist charities at the point of diagnosis.

    • Better support to understand and manage conditions from day one, improving quality of life and avoiding unnecessary hospital visits, supporting an NHS fit for the future as part of the Plan for change
    • Announced by the Prime Minister at the Civil Society Summit – the service is yet another example of how the government is working with civil society to deliver for working people

    Hundreds of thousands of people diagnosed with long-term health conditions will receive extra help and support from expert charities, under a new service announced by the Prime Minister today (Thursday 17 July).

    Diagnosis Connect will ensure patients are referred directly to trusted charities and support organisations as soon as they are diagnosed – providing personalised advice, information and guidance to help them manage their condition and feel more in control. This support is designed to complement, not replace, their usual NHS care. It recognises the vital role that civil society plays in helping repair the health of the nation.

    With one in four people in the UK living with two or more long-term conditions this early, tailored support is vital. Patients living with multiple health issues often face the greatest challenges and the highest risk of complications. By helping people understand and manage their conditions from day one, the new service will help reduce flare-ups, improve quality of life and avoid unnecessary hospital visits.

    The service, due to be launched in 2026, will support a quarter of a million people in its first two years focusing on areas like diabetes, mental health and lung conditions. It will be scaled up to reach hundreds of thousands more over the coming years.

    The initiative, developed by the Richmond Group, was announced by the Prime Minister at the Civil Society Summit at the Science Museum, where he launched a new Civil Society Covenant to build stronger partnerships between government and charities, faith organisations, philanthropists, social investors and grassroots groups to deliver real results for working people.

    Health and Social Care Secretary Wes Streeting said:

    Being diagnosed with a long-term condition can be overwhelming. People are often handed a leaflet or a phone number and left to find help themselves—right when they’re feeling scared, confused and unsure where to turn.

    We’re changing that. Just as people with cancer or dementia are often guided to well-known charities for specialist advice and support, this new service will make sure patients with other long-term conditions are directly referred to trusted organisations from the moment they’re diagnosed.

    It’s about making it far easier to give people the emotional support, practical guidance and confidence they need to manage their condition and live fuller, more independent lives. Our Plan for Change is delivering for patients and making an NHs fit for the future.

    In its first stage, launching in 2026, Diagnosis Connect will focus on patients diagnosed in primary care—such as at their GP surgery. Patients will be automatically connected with specialist charities that offer helplines, information, local support groups and services tailored to their condition.

    As the programme expands, a digital referral system will allow NHS teams in all healthcare settings—including hospitals—to connect patients to a broad network of voluntary, community, and social enterprise organisations.

    Initially, the service will focus on key areas such as diabetes, lung conditions and mental health, with further conditions added over time.

    As part of the government’s 10 Year Health Plan to shift the health service from analogue to digital, patients will be sent a text or push notification via the NHS App with information about relevant support groups and charities should they wish to seek further help.

    Juliet Bouverie OBE, CEO of the Stroke Association said:

    240 people of all ages wake up to stroke every day in the UK having lost the ability to move, speak or even swallow with lifelong repercussions for their mental health and quality of life. As the UK’s only stroke-specific support charity, we know the huge difference it makes to people affected by stroke to get information, help, and guidance easily and accessibly when they need it most. 

    We have recently been trialling a similar programme to ensure people affected by stroke know about our services right from the point of diagnosis. So, we’re confident that Diagnosis Connect can help transform the early stages of recovery and rehabilitation for the 1.4 million stroke survivors in the UK today and their loved ones. As the Government reforms the country’s healthcare, charities, like ourselves, have real potential to be an invaluable support for those who need us.

    Gemma Peters, Chief Executive Officer at Macmillan Cancer Support, said:

    We welcome today’s commitment from the Government to work in partnership to ensure support is available for people from day one. From the moment someone hears the words ‘you’ve got cancer’ lives are turned upside down and having the right support in place is vital.

    Currently, there are almost 3.5 million people living with cancer across the UK and too many people face unacceptable differences in their experiences of diagnosis, treatment, and care because of who they are or where they live. This has to change. Better is possible and through our work with the government we want to ensure that everyone living with cancer gets the best care the UK has to offer.

    Macmillan is here for everyone. No matter your question or your needs specially trained advisers are available on our Support Line and more ways to get support can also be found on our website.

    Duleep Allirajah, Chief Executive of The Richmond Group of Charities, said:

    We are delighted that the government, as part of its 10 Year Health Plan, has committed to this pioneering digitally enabled service, helping more people diagnosed with health conditions to manage through expert support from charities.

    Being diagnosed with a health condition can be a time of worry, questions and fears for the future. It’s when access to the right kind of support makes all the difference. Charities provide vital guidance, understanding and support to individuals, through personalised information, helplines, access to specialists and links to others who also live with the condition.

    The Richmond Group of Charities helped develop this proposal for automatic referrals to specialist charity support. We look forward to this becoming second-nature, so that all people with long-term conditions can benefit from support when they need it.

    Partner comments:

    Chris Larkin, Associate Director of Services at Alzheimer’s Society, said:

    There are currently around one million people in the UK living with dementia. A third of those are undiagnosed, leaving them to face the devastating realities of dementia without access to the vital care, support and treatment that a diagnosis can bring.

    For those who do manage to access a diagnosis, they tell us that finding the right support can often feel like trying to navigate a maze, with multiple dead ends and wrong turns. 

    Diagnosis Connect has the potential to hand families a map and steer them in the right direction, towards people who understand dementia, guiding them from diagnosis through to end of life.

    Alzheimer’s Society’s services are a lifeline for people affected by dementia. We’re ready to work with the Government and share our knowledge from supporting people through one of the hardest times in their lives.

     Sarah Sleet, Chief Executive at Asthma + Lung UK, said:

    We are delighted to see Diagnosis Connect being taken up by the government, an approach Asthma + Lung UK has already championed as a game-changer for people newly diagnosed with lung conditions. As the NHS shifts its focus from moving more care out of hospital and into the community, ensuring people have access to advice and support to manage chronic health conditions is crucial. It makes absolute sense for the government to work in partnership with health charities to do this, capitalising on our vast expertise and community connections.

    Respiratory illness is the leading cause of emergency hospital admissions, yet levels of basic care for lung conditions like asthma and chronic obstructive pulmonary disease are worryingly low.  Signposting people to organisations like Asthma + Lung UK from the moment they are diagnosed can make all the difference. We know that with the right support and information, people are better able manage their lung conditions, meaning they can stay well and out of hospital. We all have a role to play in supporting the NHS and keeping patients safe and supported. Asthma + Lung UK is committed to doing our part, together with other charities.

    Dr David Chaney, Director of Services, Community and Improvement at Diabetes UK, said:

    Being diagnosed with diabetes can be an overwhelming and often lonely experience. It can be difficult to know where to turn. Getting the right support from day one can make all the difference, giving people the best chance of living well with diabetes and reducing their risk of developing devastating complications in the future.

    We’re delighted to see the Government harnessing the support offered by charities, through Diagnosis Connect. By connecting people to charities from the moment of diagnosis, this initiative will help embed early, compassionate support into everyone’s diabetes journey, so no-one faces a life-changing diagnosis alone.

    Nick Moberly, Chief Executive at the MS Society, said:

    We’re really pleased the government is supporting Diagnosis Connect. More than 150,000 people live with MS in the UK, and this new service has real potential to ensure everyone gets timely information and vital support at diagnosis to help them live well with MS.

    This first stage is a positive step forward in better connecting the NHS to charities. Together with the Richmond Group we look forward to developing Diagnosis Connect to help provide personalised advice, information and guidance to our communities in England.

    Helen Buckingham, Chair of National Voices, said:

    Being diagnosed with a new and potentially serious health condition can be an overwhelming, burdensome and sometimes frightening experience. We know from our members that providing support at the point of diagnosis is vital to ensuring that people have the skills and confidence to manage their condition, reducing the risk of deterioration.

    The VCSE sector, properly funded, can play an important part in making the 10 Year vision a reality. This is just one example of the value of enabling the sector to perform their unique role in the health system; supporting the people they advocate for. We hope to see many more.

    David Newbold, Director of Community at Parkinson’s UK, said:

    We are pleased to see the government launch the first phase of Diagnosis Connect. This new initiative builds on the great work of many charities in supporting people as soon as they are diagnosed with a health condition.

    Since 2019, we have been trialling our own pioneering service, Parkinson’s Connect, which refers newly diagnosed people to our community of support. So we believe Diagnosis Connect will supercharge our service, ensuring no one is left uncertain of where to turn when diagnosed with Parkinson’s.

    We look forward to working with the DHSC and the NHS to shape and deliver this vital new programme.

    Rachel Power, Chief Executive, The Patients Association said:

    This is a welcome initiative that rightly recognises the vital role expert charity support plays in helping patients manage long-term conditions. Our work shows that patients living in underserved neighbourhoods often struggle to get the information they need and face barriers when communicating with healthcare professionals. Early access to trusted charities at the point of diagnosis can make a real difference.

    For it to truly succeed, the referral system needs to capture the full diversity of support available, from established national charities to grassroots community organisations. Done right, this could help reduce health inequalities and be transformative for all patient outcomes.

    Mark Winstanley, Chief Executive of Rethink Mental Illness, said:

    When people are struggling with their mental health, it can be hard to know where to turn. Charities like Rethink Mental Illness and Mental Health UK offer trusted, user-informed advice and support, built with and regularly reviewed by the people it’s designed to help. Diagnostics Connect will help ensure people get the best possible guidance when they need it most.

    Our work in areas like Somerset, Sheffield and Tower Hamlets has shown the positive impact of the NHS working in partnership with charities and community groups to create smoother pathways to care. This initiative is an important step forward, strengthening the third sector’s vital role in complementing the NHS and ensuring people get the support they need.

    Deborah Alsina, Chief Executive, Versus Arthritis said:

    More than 450,000 people are diagnosed with arthritis every year, so it is essential they can access the right information, care and support swiftly.

    As the UK’s leading arthritis charity, we are encouraged by the Government’s new initiative to connect people at the point of diagnosis with expert charities like Versus Arthritis.

    Living life in the grip of the pain and fatigue caused by arthritis can leave people isolated and too often kickstart a downward spiralling of both mental and physical health. Early intervention and support at this crucial time will enable people to manage their condition and navigate the health system with greater confidence. We look forward to working with the Government and our partners in the Richmond Group of Charities to deliver this important new service.

    Updates to this page

    Published 17 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Grants applications for Norwich cultural projects now open

    Source: City of Norwich

    Published on Thursday, 17th July 2025

    Cultural groups and community enterprises that deliver events, festivals and creative activities in Norwich are being invited to apply for a Norwich City Council culture grant.

    The grants are part of the council’s commitment to ensure the city continues to flourish as a creative and vibrant place over the next decade, working with others in the arts and cultural sector as part of the Norwich Creative City Compact.

    In the past year, culture grants have been awarded to a range of organisations including Sewell Barn Theatre, Frozen Light and Heritage Open Days.

    This year, organisations are invited to apply for grants of between £ between £500 and £7,500 by completing the application form by Friday 1 August. Applicants should read the guidance notes alongside the application form for further information.

    Cllr Claire Kidman, cabinet member for culture said:

    “Norwich is such a creative city and we are delighted to support groups and projects that enrich our vibrant cultural scene.

    “Our grant scheme has a proud history of enabling local talent and ideas to come to life; bringing people together and enriching lives.”

    Visit Small Culture Grants 2025-26 | Get Talking Norwich to apply and find out more.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Nuclear fusion boost as government sets to unblock planning rules

    Source: United Kingdom – Government Statements

    News story

    Nuclear fusion boost as government sets to unblock planning rules

    Government confirms the UK will be the first country in the world to develop fusion-specific planning rules.

    • Government backs innovation and growth with plan to develop National Policy Statement to unblock fusion projects 

    • forms part of golden age of nuclear plans through the government’s clean energy superpower mission 

    • UK will become the first country in the world to develop fusion-specific planning rules – helping support thousands of skilled jobs as part of the Plan for Change

    New clean energy jobs and growth for British businesses are set to be unlocked as the government confirms the UK will be the first country in the world to develop fusion-specific planning rules. 

    The plans will see fusion introduced into the Nationally Significant Infrastructure Project regime, putting fusion energy projects on the same footing as other clean energy technologies such as solar, onshore wind and nuclear.  

    This will drive growth and unlock benefits for places such as Nottinghamshire, Oxfordshire and South Yorkshire where the fusion industry is already supporting thousands of jobs – revitalising industrial heartlands with the clean energy of the future.  

    Currently, fusion projects must submit an application to the local authority with no set timelines for approval and no guidance on which sites are appropriate – hindering the technology’s development in the UK.  

    The introduction of a National Policy Statement will provide clarity to developers and streamline the planning process for fusion, giving applicants clearer guidance on where and how quickly projects can be developed. This will give industry certainty, break down regulatory barriers and get projects built quicker to cement the UK’s position at the forefront of the global race for fusion. 

    The Spending Review also delivered a commitment to invest over £2.5 billion in fusion research and development. This includes progressing with the STEP programme (Spherical Tokamak for Energy Production) which aims to develop and build a world-leading fusion power plant by 2040 in Nottinghamshire, creating thousands of new jobs with the potential to unlock limitless clean power. 

    A thriving fusion industry in the UK will support the growth of other technologies, including superconductors, robotics and advanced materials, which in turn will provide highly-skilled jobs for British scientists, engineers and construction workers as part of the Plan for Change.  

    The government’s clean energy mission is the only route to energy security, lower bills and good jobs for the country, and by setting out clearer planning rules for investors, the UK will maintain its optimum position for fusion industry investment.  

    Energy Secretary Ed Miliband said: 

    The future of fusion energy starts now. We are backing the builders not the blockers – paving the way for the UK to become a clean energy superpower and ensuring that limitless fusion energy plays a key role in our future clean energy mix.  

    We are ensuring the clean energy of the future gets built in Britain, supporting the creation of highly skilled jobs and driving growth into our industrial heartlands as part of our Plan for Change.

    This clarity for investors follows a major backing of £61.9 billion for clean homegrown power in the Spending Review, in which a golden age of nuclear was confirmed with the selection of Rolls-Royce SMR as the preferred bidder to build the UK’s first small modular reactors and £14.2 billion investment to build Sizewell C. 

    Developing the fusion NPS will also help fusion energy projects move faster along the process from identifying sites to the start of construction. 

    This follows the government’s £20 million investment into the ‘Starmaker One’ British fusion investment fund which is expected to unlock £100 million of private investment in the UK – driving economic growth. 

    Tim Bestwick, CEO, UK Atomic Energy Authority (UKAEA), said: 

    The inclusion of fusion energy in the Nationally Significant Infrastructure Project regime is a clear indication of the government’s support for fusion. 

    Fusion promises to be a safe, sustainable part of the world’s future energy supply and the UK has a huge opportunity to become a global hub of fusion and related technology. 

    Fusion-specific planning rules will help provide certainty about investing in UK fusion developments, and strengthen the UK’s position as a leader in the quest to commercialise fusion energy.

    Notes to editors 

    The government plans to consult on a detailed National Policy Statement for fusion energy by March 2026. 

    Consultation response on Scope of Fusion Energy National Policy Statement

    Updates to this page

    Published 17 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: 50 killed in hypermarket fire in Iraq’s Wasit province

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    BAGHDAD, July 17 (Xinhua) — About 50 people were killed in a massive fire at a hypermarket in Kut, the capital of Iraq’s Wasit province, provincial governor Mohammed Jamil al-Mahi said on Thursday.

    “We have lost about 50 people, including men, women and children, in a tragic fire at a hypermarket,” the governor wrote on his Facebook page.

    The official declared three days of mourning for the victims of the fire.

    “We will not be lenient towards anyone directly or indirectly responsible for this incident. The circumstances of what happened are suspicious. We will announce the results of the preliminary investigation to the public within 48 hours,” he said. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: Parts relating to firearm marking requirements in Firearms and Ammunition (Amendment) Ordinance 2025 and Firearms and Ammunition (Marking of Firearms) Regulation to come into effect on July 25

    Source: Hong Kong Government special administrative region

    A spokesman for the Security Bureau said today (July 17) that the Government will publish the Firearms and Ammunition (Amendment) Ordinance 2025 (Commencement) Notice (Commencement Notice) and the Firearms and Ammunition (Marking of Firearms) Regulation (Regulation) in the Gazette tomorrow (July 18) to fully implement the United Nation’s Protocol against the Illicit Manufacturing of and Trafficking in Firearms, Their Parts and Components and Ammunition (Firearms Protocol). The Commencement Notice and the Regulation will come into operation on July 25, 2025.
     
    The spokesman said, “The Firearms Protocol entered into force in 2005 to strengthen control over licit firearms, prevent their diversion into the illegal circuit, and promote relevant law enforcement co-operation of the States Parties. The Firearms Protocol has entered into force for the People’s Republic of China (including the Hong Kong Special Administrative Region (HKSAR)) since January 18, 2024. The Firearms Protocol stipulates the requirement to criminalise illicit manufacturing of or cross-border trafficking in firearms, component parts and ammunition, as well as falsifying or illicitly obliterating, removing or altering of the requisite markings on firearms.”

    The Government tabled the Firearms and Ammunition (Amendment) Bill 2025 at the Legislative Council (LegCo) on April 2, 2025, which was passed by the LegCo on May 28, 2025. The Firearms and Ammunition (Amendment) Ordinance 2025 (Amended Ordinance) empowers the Commissioner of Police (Commissioner) to enact subsidiary legislation to set out the detailed technical requirements for marking of firearms. Except for the parts relating to firearm marking (namely sections 8, 9, 10(1), 11, 13, 14, 15(1), (2) and (3), 16, 17, and 18 of the Amended Ordinance), the other parts of the Amended Ordinance came into effect upon gazettal on June 6, 2025.

    ​The spokesman added, “According to the Amended Ordinance, the parts relating to firearm marking shall come into operation on a day to be appointed by the Secretary for Security (S for S) by notice published in the Gazette. The S for S now decides that the provisions relating to firearm marking in the Amended Ordinance shall come into effect on July 25, 2025. The Commissioner also enacts the Regulation, specifying the marking requirements for firearms manufactured in or imported into the HKSAR, including the location of markings, the method of engraving, the size of markings, as well as the exemptions for imported firearms from marking and the related requirements. The Regulation will come into force on July 25, 2025.”

    The Government will table the Commencement Notice and the Regulation at the LegCo on the coming Wednesday (July 23) for negative vetting.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Unemployment rate stays at 3.5%

    Source: Hong Kong Information Services

    The seasonally adjusted unemployment rate stood at 3.5% in the April to June period, the same as that in March to May, the Census & Statistics Department announced today.

     

    The underemployment rate remained at 1.4%.

     

    Total employment was 3,657,300, down 7,400 from March to May, while the labour force also dropped 7,000 to 3,793,500.

     

    The number of unemployed people in April to June was 136,200, about the same as that in March to May. Meanwhile, the number of underemployed people decreased 1,000 to 52,600.

     

    Secretary for Labour & Welfare Chris Sun said various industries in Hong Kong are undergoing transition and their respective unemployment rates have different trends.

     

    Looking ahead, Mr Sun explained that the trend of unemployment rate will hinge on the overall economic performance, and he elucidated that the entry of fresh graduates and school leavers during the summer may impact the overall employment situation.

     

    “Nevertheless, the continued expansion of the Hong Kong economy should provide support to the labour market,” he added.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Nano Labs Appoints Dr. Kailong Cai as CEO of Subsidiary Nano bit to Lead Global Crypto Reserve Strategy

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, July 17, 2025 (GLOBE NEWSWIRE) — Nano Labs Ltd (Nasdaq: NA) (“we,” the “Company” or “Nano Labs”), a leading Web 3.0 infrastructure and product solution provider in China, today announced the appointment of Dr. Kailong Cai as the chief executive officer (“CEO”) of its wholly-owned subsidiary, Nano bit HK Limited (“Nano bit”). Dr. Cai will be fully responsible for driving Nano bit’s strategic upgrade and overseeing its global operations. This appointment marks a significant step in the Company’s ongoing evolution into a world-leading, publicly listed cryptocurrency reserve enterprise.

    Dr. Cai is a renowned expert in crypto finance, with a strong academic background and extensive international experience. He holds a Ph.D. in finance with deep and broad background in both Chinese and U.S. financial markets. From 2020 to 2025, Dr. Cai served as a partner at Jasper Crypto Fund. From 2017 to 2018, Dr. Cai served as the chief strategy officer of Huobi Group (currently known as HTX), a global leader in crypto asset trading, as well as CEO of its U.S. subsidiary, where he led the development and execution of the company’s globalization strategy. Prior to that, he worked for approximately 6 years at Deutsche Bank on Wall Street, specializing in financial product innovation, risk management, and technology-driven business optimization. With over a decade of experience in fintech and asset management, Dr. Cai brings a wealth of knowledge to his new role.

    Dr. Cai is a chartered financial analyst (CFA) and financial risk manager (FRM), with deep expertise in fintech, blockchain, and asset management.

    Dr. Jianping Kong, Chairman and CEO of Nano Labs, commented on the appointment, “We believe Dr. Cai’s appointment brings visionary leadership and strong strategic execution capabilities to Nano Labs. Under his guidance, Nano Labs will accelerate its strategic reserves of core crypto assets, refine its asset-liability structure using capital market instruments, and further its global expansion. With Dr. Cai on board, we are more confident in achieving our goal of becoming a leading public cryptocurrency reserve company in Asia with global influence, offering investors efficient and transparent access to crypto asset allocation.”

    Dr. Cai stated: “It is a great honor to take on this role and contribute to Nano Labs’ ambitious strategic vision. I look forward to working with our talented and forward-thinking team to enhance our crypto asset strategies and capitalize on emerging market trends and technological advancements.”

    About Nano Labs Ltd

    Nano Labs Ltd is a leading Web 3.0 infrastructure and product solution provider in China. Nano Labs is committed to the development of high throughput computing (“HTC”) chips and high performance computing (“HPC”) chips. Nano Labs has built a comprehensive flow processing unit (“FPU”) architecture which offers solution that integrates the features of both HTC and HPC. In addition, Nano Labs has actively positioned itself in the digital assets space, adopting BNB as its primary reserve asset. It has accumulated nearly US$170 million in mainstream digital currencies including BNB and BTC, and established an integrated platform covering multiple business verticals, including HTC solutions and HPC solutions*. For more information, please visit the Company’s website at: ir.nano.cn.

    *  According to an industry report prepared by Frost & Sullivan.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company’s plan to appeal the Staff’s determination, which can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

    For investor inquiries, please contact:

    Nano Labs Ltd
    ir@nano.cn

    Ascent Investor Relations LLC
    Tina Xiao
    Phone: +1-646-932-7242
    Email: investors@ascent-ir.com

    The MIL Network –

  • MIL-OSI: Beam Global and Platinum Group Leadership Attend Formal Signing Ceremony in Abu Dhabi to Create Beam Middle East LLC

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, July 17, 2025 (GLOBE NEWSWIRE) — Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that management from Beam Global, Beam Europe and the Platinum Group LLC, performed the official signing ceremony creating Beam Middle East in the Emirate of Abu Dhabi, United Arab Emirates (UAE).

    As previously reported, Beam Global and the Platinum Group will form a new entity, Beam Middle East LLC, which will sell and manufacture Beam Global’s patented sustainable infrastructure solutions for transportation electrification, energy storage, energy security, and smart city development across the Middle East and African regions. Beam Middle East will be headquartered in Omniah Tower in Masdar City, a pioneering sustainable urban community and world-class business and technology hub, where Platinum Group has recently signed a strategic agreement. Masdar City is located in Abu Dhabi, the capital of the UAE, strategically positioned at the center of the country’s drive toward a net-zero future by 2050.

    The official signing ceremony took place today, July 17, in Abu Dhabi. Desmond Wheatley, CEO of Beam Global, signed the agreement on behalf of Beam Global, and Dr. Hanai Atatreh, Group Director, signed on behalf of Platinum Group, in the presence of Dr. Ali Nasser Sultan Al Yahbouni Al Daheri, CEO of Platinum Group. Also in attendance were members of Beam Global’s management and board of directors, Platinum Group’s board of directors, members of the press, and regional dignitaries.

    “This special occasion marks the formal commencement of our joint venture with the Platinum Group in this very promising region,” said Desmond Wheatley, CEO of Beam Global. “The high quality of the surroundings and attendees bodes well for our future here. We have the right products at the right time in the right place and our new company, formed with the Platinum Group, could not be better positioned. This is a proud day for Beam Global, and I am delighted that we are partnered with such esteemed personages as those in the Platinum Group.”

    “The Platinum Group seeks out the highest quality, most timely and relevant companies in each of the industries we target. Beam Global’s unique and patented products are ideally suited to provide value to governments and businesses, as the Gulf region and beyond transitions to clean and sustainable technologies,” Dr. Ali Nasser Sultan Al Yahbouni Al Daheri, CEO of Platinum Group. “We are looking forward to ensuring that our new joint venture with Beam Global, forming Beam Middle East, is a highly successful enterprise with wins in the Middle East and increasingly in Africa. With abundant sunshine and fast-growing adoption of electric vehicles (EVs), renewables, and energy storage, the region is perfect for Beam Global’s solutions. Energy security and smart cities solutions like those offered by Beam Middle East are at the forefront of government planning. Our timing is right, and our partnership is formed on mutual benefit from growth and success. We are delighted to have Beam Global as part of our growing family of businesses.”

    Photographs and other content related to the signing ceremony will be released by the company shortly.

    About Platinum Group LLC
    Platinum Group UAE is a diversified, multi-billion-dollar conglomerate operating in energy, real estate, finance and investing, healthcare, information technology, sports and entertainment, food services and legal services in the Emirate of Abu Dhabi, United Arab Emirates. Chaired by His Royal Highness Sheikh Mohammed Sultan Bin Khalifa Al-Nahyan, son of the former ruler of Abu Dhabi, the Group is recognized for its well-established and trusted relationships across government and industry. Platinum Group UAE is headquartered in Abu Dhabi, with offices in Dubai and Sharjah. For more information visit, PlatinumGroupUAE.com.

    About Beam Global
    Beam Global is a clean technology innovator which develops and manufactures sustainable infrastructure products and technologies. We operate at the nexus of clean energy and transportation with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage and vital energy security. With operations in the U.S., Europe and the Middle East, Beam Global develops, patents, designs, engineers and manufactures unique and advanced clean technology solutions that power transportation, provide secure sources of electricity, save time and money and protect the environment. Beam Global is headquartered in San Diego, CA with facilities in Broadview, IL and Belgrade and Kraljevo, Serbia. Beam Global is listed on Nasdaq under the symbol BEEM. For more information visit, BeamForAll.com, LinkedIn, YouTube, Instagram and X.

    Forward-Looking Statements
    This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results. These statements relate to future events or future results of operations. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Beam Global’s actual results to be materially different from these forward-looking statements. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.

    Media Contact
    Lisa Potok
    +1 858-327-9123
    Press@BeamForAll.com

    Investor Relations
    Luke Higgins
    +1 858-261-7646
    IR@BeamForAll.com

    The MIL Network –

  • MIL-OSI: Texas Capital Bancshares, Inc. Announces Second Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    Second quarter 2025 net income of $77.3 million and net income available to common stockholders
    of $73.0 million, up 86% and 95%, respectively, year-over-year

    Second quarter 2025 EPS of $1.58 per diluted share and adjusted EPS(1)of $1.63 per
    diluted share, up 98% and 104%, respectively, year-over-year

    Strong balance sheet growth with total loans increasing 7% quarter-over-quarter and 10% year-over-year

    Book Value and Tangible Book Value(2)per share both increasing 13% year-over-year, reaching record levels

    DALLAS, July 17, 2025 (GLOBE NEWSWIRE) — Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced operating results for the second quarter of 2025.

    “Our multi-year focus on building a differentiated, full-service financial services firm has strengthened our client franchise and consistently delivered high-quality outcomes across our platform, driving strong financial performance this quarter,” said Rob C. Holmes, Chairman, President & CEO. “The strategic actions we’ve taken have structurally enhanced our earnings power, and as we enter the second half of the year, the breadth of our capabilities and the strength of our balance sheet position us to deliver durable, through-cycle results for both clients and shareholders.”

      2nd Quarter   1st Quarter   2nd Quarter
    (dollars in thousands except per share data)   2025       2025       2024  
    OPERATING RESULTS          
    Net income $ 77,328     $ 47,047     $ 41,662  
    Net income available to common stockholders $ 73,016     $ 42,734     $ 37,350  
    Pre-provision net revenue(3) $ 117,188     $ 77,458     $ 78,597  
    Diluted earnings per common share $ 1.58     $ 0.92     $ 0.80  
    Diluted common shares   46,215,394       46,616,704       46,872,498  
    Return on average assets   0.99 %     0.61 %     0.56 %
    Return on average common equity   9.17 %     5.56 %     5.26 %
               
    OPERATING RESULTS, ADJUSTED(1)          
    Net income $ 79,841     $ 47,047     $ 42,020  
    Net income available to common stockholders $ 75,529     $ 42,734     $ 37,708  
    Pre-provision net revenue(3) $ 120,475     $ 77,458     $ 79,059  
    Diluted earnings per common share $ 1.63     $ 0.92     $ 0.80  
    Diluted common shares   46,215,394       46,616,704       46,872,498  
    Return on average assets   1.02 %     0.61 %     0.57 %
    Return on average common equity   9.48 %     5.56 %     5.31 %
               
    BALANCE SHEET          
    Loans held for investment $ 18,035,945     $ 17,654,243     $ 16,700,569  
    Loans held for investment, mortgage finance   5,889,589       4,725,541       5,078,161  
    Total loans held for investment   23,925,534       22,379,784       21,778,730  
    Loans held for sale   —       —       36,785  
    Total assets   31,943,535       31,375,749       29,854,994  
    Non-interest bearing deposits   7,718,006       7,874,780       7,987,715  
    Total deposits   26,064,309       26,053,034       23,818,327  
    Stockholders’ equity   3,510,070       3,429,774       3,175,601  
               

    (1) These adjusted measures are non-GAAP measures. Please refer to “GAAP to Non-GAAP Reconciliations” for the computations of these adjusted measures and the reconciliation of these non-GAAP measures to the most directly comparable GAAP measure.
    (2) Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by shares outstanding at period end.
    (3) Net interest income plus non-interest income, less non-interest expense.

    SECOND QUARTER 2025 COMPARED TO FIRST QUARTER 2025

    For the second quarter of 2025, net income available to common stockholders was $73.0 million, or $1.58 per diluted share, compared to $42.7 million, or $0.92 per diluted share, for the first quarter of 2025.

    Provision for credit losses for the second quarter of 2025 was $15.0 million, compared to $17.0 million for the first quarter of 2025. The $15.0 million provision for credit losses recorded in the second quarter of 2025 resulted primarily from an increase in total loans held for investment (“LHI”) and $13.0 million in net charge-offs, partially offset by a decrease in criticized loans.

    Net interest income was $253.4 million for the second quarter of 2025, compared to $236.0 million for the first quarter of 2025, primarily due to increases in average earning assets and earning asset yields, a decrease in average short-term borrowings and the impact of one additional day in the second quarter. Net interest margin for the second quarter of 2025 was 3.35%, an increase of 16 basis points from the first quarter of 2025. LHI, excluding mortgage finance, yields decreased 4 basis points from the first quarter of 2025 and LHI, mortgage finance, yields increased 49 basis points from the first quarter of 2025. Total cost of deposits was 2.65% for the second quarter of 2025, an 11 basis point decrease from the first quarter of 2025.

    Non-interest income for the second quarter of 2025 increased $9.6 million compared to the first quarter of 2025 primarily due to increases in investment banking and advisory fees and trading income, partially offset by a $1.9 million loss on sale of available-for-sale debt securities recognized during the second quarter of 2025.

    Non-interest expense for the second quarter of 2025 decreased $12.7 million compared to the first quarter of 2025, primarily due to decreases in salaries and benefits, related to the effect of seasonal payroll expenses that peak in the first quarter, and legal and professional expense, partially offset by an increase in other non-interest expense.

    SECOND QUARTER 2025 COMPARED TO SECOND QUARTER 2024

    Net income available to common stockholders was $73.0 million, or $1.58 per diluted share, for the second quarter of 2025, compared to $37.4 million, or $0.80 per diluted share, for the second quarter of 2024.

    The second quarter of 2025 included a $15.0 million provision for credit losses, reflecting an increase in total LHI and $13.0 million in net charge-offs, partially offset by a decline in criticized loans, compared to a $20.0 million provision for credit losses for the second quarter of 2024.

    Net interest income increased to $253.4 million for the second quarter of 2025, compared to $216.6 million for the second quarter of 2024, primarily due to an increase in average earning assets and a decrease in funding costs, partially offset by an increase in average interest bearing liabilities. Net interest margin increased 34 basis points to 3.35% for the second quarter of 2025, as compared to the second quarter of 2024. LHI, excluding mortgage finance, yields decreased 44 basis points compared to the second quarter of 2024 and LHI, mortgage finance yields increased 48 basis points from the second quarter of 2024. Total cost of deposits decreased 34 basis points compared to the second quarter of 2024.

    Non-interest income for the second quarter of 2025 increased $3.6 million compared to the second quarter of 2024 primarily due to increases in service charges on deposit accounts, trading income and other non-interest income, partially offset by the loss on sale of available-for-sale debt securities mentioned above.

    Non-interest expense for the second quarter of 2025 increased $1.9 million compared to the second quarter of 2024, primarily due to increases in salaries and benefits, occupancy expense and communications and technology expense, partially offset by a decrease in marketing expense.

    CREDIT QUALITY

    Net charge-offs of $13.0 million were recorded during the second quarter of 2025, compared to net charge-offs of $9.8 million and $12.0 million during the first quarter of 2025 and the second quarter of 2024, respectively. Criticized loans totaled $637.5 million at June 30, 2025, compared to $762.9 million at March 31, 2025 and $859.7 million at June 30, 2024. Non-accrual LHI totaled $113.6 million at June 30, 2025, compared to $93.6 million at March 31, 2025 and $85.0 million at June 30, 2024. The ratio of non-accrual LHI to total LHI for the second quarter of 2025 was 0.47%, compared to 0.42% for the first quarter of 2025 and 0.39% for the second quarter of 2024. The ratio of total allowance for credit losses to total LHI was 1.40% at June 30, 2025, compared to 1.48% and 1.44% at March 31, 2025 and June 30, 2024, respectively.

    REGULATORY RATIOS AND CAPITAL

    All regulatory ratios continue to be in excess of “well capitalized” requirements as of June 30, 2025. CET1, tier 1 capital, total capital and leverage ratios were 11.4%, 12.9%, 15.3% and 11.8%, respectively, at June 30, 2025, compared to 11.6%, 13.1%, 15.6% and 11.8%, respectively, at March 31, 2025 and 11.6%, 13.1%, 15.7% and 12.2%, respectively, at June 30, 2024. At June 30, 2025, our ratio of tangible common equity to total tangible assets was 10.1%, compared to 10.0% at March 31, 2025 and 9.6% at June 30, 2024.

    During the second quarter of 2025, the Company repurchased 317,860 shares of its common stock for an aggregate purchase price, including excise tax expense, of $21.0 million, at a weighted average price of $65.50 per share.

    About Texas Capital Bancshares, Inc.

    Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000®Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank (“TCB”). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly-owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio, and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities.

    Forward Looking Statements

    This communication contains “forward-looking statements” within the meaning of and pursuant to the Private Securities Litigation Reform Act of 1995 regarding, among other things, TCBI’s financial condition, results of operations, business plans and future performance. These statements are not historical in nature and may often be identified by the use of words such as “believes,” “projects,” “expects,” “may,” “estimates,” “should,” “plans,” “targets,” “intends” “could,” “would,” “anticipates,” “potential,” “confident,” “optimistic” or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, trends, guidance, expectations and future plans.

    Because forward-looking statements relate to future results and occurrences, they are subject to inherent and various uncertainties, risks, and changes in circumstances that are difficult to predict, may change over time, are based on management’s expectations and assumptions at the time the statements are made and are not guarantees of future results. Numerous risks and other factors, many of which are beyond management’s control, could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. While there can be no assurance that any list of risks is complete, important risks and other factors that could cause actual results to differ materially from those contemplated by forward-looking statements include, but are not limited to: economic or business conditions in Texas, the United States or globally that impact TCBI or its customers; negative credit quality developments arising from the foregoing or other factors, including recent trade policies and their impact on our customers; TCBI’s ability to effectively manage its liquidity and maintain adequate regulatory capital to support its businesses; TCBI’s ability to pursue and execute upon growth plans, whether as a function of capital, liquidity or other limitations; TCBI’s ability to successfully execute its business strategy, including its strategic plan and developing and executing new lines of business and new products and services and potential strategic acquisitions; the extensive regulations to which TCBI is subject and its ability to comply with applicable governmental regulations, including legislative and regulatory changes; TCBI’s ability to effectively manage information technology systems, including third party vendors, cyber or data privacy incidents or other failures, disruptions or security breaches; TCBI’s ability to use technology to provide products and services to its customers; risks related to the development and use of artificial intelligence; changes in interest rates, including the impact of interest rates on TCBI’s securities portfolio and funding costs, as well as related balance sheet implications stemming from the fair value of our assets and liabilities; the effectiveness of TCBI’s risk management processes strategies and monitoring; fluctuations in commercial and residential real estate values, especially as they relate to the value of collateral supporting TCBI’s loans; the failure to identify, attract and retain key personnel and other employees; adverse developments in the banking industry and the potential impact of such developments on customer confidence, liquidity and regulatory responses to these developments, including in the context of regulatory examinations and related findings and actions; negative press and social media attention with respect to the banking industry or TCBI, in particular; claims, litigation or regulatory investigations and actions that TCBI may become subject to; severe weather, natural disasters, climate change, acts of war, terrorism, global or other geopolitical conflicts, or other external events, as well as related legislative and regulatory initiatives; and the risks and factors more fully described in TCBI’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents and filings with the SEC. The information contained in this communication speaks only as of its date. Except to the extent required by applicable law or regulation, we disclaim any obligation to update such factors or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments.

    TEXAS CAPITAL BANCSHARES, INC.
    SELECTED FINANCIAL HIGHLIGHTS (UNAUDITED)
    (dollars in thousands except per share data)
      2nd Quarter 1st Quarter 4th Quarter 3rd Quarter 2nd Quarter
        2025     2025     2024     2024     2024  
    CONSOLIDATED STATEMENTS OF INCOME          
    Interest income $ 439,567   $ 427,289   $ 437,571   $ 452,533   $ 422,068  
    Interest expense   186,172     191,255     207,964     212,431     205,486  
    Net interest income   253,395     236,034     229,607     240,102     216,582  
    Provision for credit losses   15,000     17,000     18,000     10,000     20,000  
    Net interest income after provision for credit losses   238,395     219,034     211,607     230,102     196,582  
    Non-interest income   54,069     44,444     54,074     (114,771 )   50,424  
    Non-interest expense   190,276     203,020     172,159     195,324     188,409  
    Income/(loss) before income taxes   102,188     60,458     93,522     (79,993 )   58,597  
    Income tax expense/(benefit)   24,860     13,411     22,499     (18,674 )   16,935  
    Net income/(loss)   77,328     47,047     71,023     (61,319 )   41,662  
    Preferred stock dividends   4,312     4,313     4,312     4,313     4,312  
    Net income/(loss) available to common stockholders $ 73,016   $ 42,734   $ 66,711   $ (65,632 ) $ 37,350  
    Diluted earnings/(loss) per common share $ 1.58   $ 0.92   $ 1.43   $ (1.41 ) $ 0.80  
    Diluted common shares   46,215,394     46,616,704     46,770,961     46,608,742     46,872,498  
    CONSOLIDATED BALANCE SHEET DATA          
    Total assets $ 31,943,535   $ 31,375,749   $ 30,731,883   $ 31,629,299   $ 29,854,994  
    Loans held for investment   18,035,945     17,654,243     17,234,492     16,764,512     16,700,569  
    Loans held for investment, mortgage finance   5,889,589     4,725,541     5,215,574     5,529,659     5,078,161  
    Loans held for sale   —     —     —     9,022     36,785  
    Interest bearing cash and cash equivalents   2,507,691     3,600,969     3,012,307     3,894,537     2,691,352  
    Investment securities   4,608,628     4,531,219     4,396,115     4,405,520     4,388,976  
    Non-interest bearing deposits   7,718,006     7,874,780     7,485,428     9,070,804     7,987,715  
    Total deposits   26,064,309     26,053,034     25,238,599     25,865,255     23,818,327  
    Short-term borrowings   1,250,000     750,000     885,000     1,035,000     1,675,000  
    Long-term debt   620,256     660,521     660,346     660,172     659,997  
    Stockholders’ equity   3,510,070     3,429,774     3,367,936     3,354,044     3,175,601  
               
    End of period shares outstanding   45,746,836     46,024,933     46,233,812     46,207,757     46,188,078  
    Book value per share $ 70.17   $ 68.00   $ 66.36   $ 66.09   $ 62.26  
    Tangible book value per share(1) $ 70.14   $ 67.97   $ 66.32   $ 66.06   $ 62.23  
    SELECTED FINANCIAL RATIOS          
    Net interest margin   3.35 %   3.19 %   2.93 %   3.16 %   3.01 %
    Return on average assets   0.99 %   0.61 %   0.88 % (0.78 )%   0.56 %
    Return on average assets, adjusted(4)   1.02 %   0.61 %   0.88 %   1.00 %   0.57 %
    Return on average common equity   9.17 %   5.56 %   8.50 % (8.87 )%   5.26 %
    Return on average common equity, adjusted(4)   9.48 %   5.56 %   8.50 %   10.04 %   5.31 %
    Efficiency ratio(2)   61.9 %   72.4 %   60.7 %   155.8 %   70.6 %
    Efficiency ratio, adjusted(2)(4)   61.1 %   72.4 %   60.7 %   62.3 %   70.4 %
    Non-interest income to average earning assets   0.72 %   0.60 %   0.69 % (1.52 )%   0.71 %
    Non-interest income to average earning assets, adjusted(4)   0.74 %   0.60 %   0.69 %   0.86 %   0.71 %
    Non-interest expense to average earning assets   2.52 %   2.75 %   2.21 %   2.59 %   2.65 %
    Non-interest expense to average earning assets, adjusted(4)   2.50 %   2.75 %   2.21 %   2.52 %   2.65 %
    Common equity to total assets   10.1 %   10.0 %   10.0 %   9.7 %   9.6 %
    Tangible common equity to total tangible assets(3)   10.1 %   10.0 %   10.0 %   9.7 %   9.6 %
    Common Equity Tier 1   11.4 %   11.6 %   11.4 %   11.2 %   11.6 %
    Tier 1 capital   12.9 %   13.1 %   12.8 %   12.6 %   13.1 %
    Total capital   15.3 %   15.6 %   15.4 %   15.2 %   15.7 %
    Leverage   11.8 %   11.8 %   11.3 %   11.4 %   12.2 %

    (1) Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by shares outstanding at period end.
    (2) Non-interest expense divided by the sum of net interest income and non-interest income.
    (3) Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by total assets, less goodwill and intangibles.
    (4) These adjusted measures are non-GAAP measures. Please refer to “GAAP to Non-GAAP Reconciliations” for the computations of these adjusted measures and the reconciliation of these non-GAAP measures to the most directly comparable GAAP measure.

    TEXAS CAPITAL BANCSHARES, INC.
    CONSOLIDATED BALANCE SHEETS (UNAUDITED)
    (dollars in thousands)
      June 30,
    2025    		 March 31,
    2025    		 December 31,
    2024    		 September 30,
    2024    		 June 30,
    2024
    Assets          
    Cash and due from banks $ 182,451   $ 201,504   $ 176,501   $ 297,048   $ 221,727  
    Interest bearing cash and cash equivalents   2,507,691     3,600,969     3,012,307     3,894,537     2,691,352  
    Available-for-sale debt securities   3,774,141     3,678,378     3,524,686     3,518,662     3,483,231  
    Held-to-maturity debt securities   761,907     779,354     796,168     812,432     831,513  
    Equity securities   68,692     71,679     75,261     74,426     74,232  
    Trading securities   3,888     1,808     —     —     —  
    Investment securities   4,608,628     4,531,219     4,396,115     4,405,520     4,388,976  
    Loans held for sale   —     —     —     9,022     36,785  
    Loans held for investment, mortgage finance   5,889,589     4,725,541     5,215,574     5,529,659     5,078,161  
    Loans held for investment   18,035,945     17,654,243     17,234,492     16,764,512     16,700,569  
    Less: Allowance for credit losses on loans   277,648     278,379     271,709     273,143     267,297  
    Loans held for investment, net   23,647,886     22,101,405     22,178,357     22,021,028     21,511,433  
    Premises and equipment, net   86,831     84,575     85,443     81,577     69,464  
    Accrued interest receivable and other assets   908,552     854,581     881,664     919,071     933,761  
    Goodwill and intangibles, net   1,496     1,496     1,496     1,496     1,496  
    Total assets $ 31,943,535   $ 31,375,749   $ 30,731,883   $ 31,629,299   $ 29,854,994  
               
    Liabilities and Stockholders’ Equity          
    Liabilities:          
    Non-interest bearing deposits $ 7,718,006   $ 7,874,780   $ 7,485,428   $ 9,070,804   $ 7,987,715  
    Interest bearing deposits   18,346,303     18,178,254     17,753,171     16,794,451     15,830,612  
    Total deposits   26,064,309     26,053,034     25,238,599     25,865,255     23,818,327  
    Accrued interest payable   14,120     25,270     23,680     18,679     23,841  
    Other liabilities   484,780     457,150     556,322     696,149     502,228  
    Short-term borrowings   1,250,000     750,000     885,000     1,035,000     1,675,000  
    Long-term debt   620,256     660,521     660,346     660,172     659,997  
    Total liabilities   28,433,465     27,945,975     27,363,947     28,275,255     26,679,393  
               
    Stockholders’ equity:          
    Preferred stock, $.01 par value, $1,000 liquidation value:          
    Authorized shares – 10,000,000          
    Issued shares(1)   300,000     300,000     300,000     300,000     300,000  
    Common stock, $.01 par value:          
    Authorized shares – 100,000,000          
    Issued shares(2)   517     517     515     515     515  
    Additional paid-in capital   1,065,083     1,060,028     1,056,719     1,054,614     1,050,114  
    Retained earnings   2,611,401     2,538,385     2,495,651     2,428,940     2,494,572  
    Treasury stock(3)   (354,000 )   (332,994 )   (301,842 )   (301,868 )   (301,868 )
    Accumulated other comprehensive loss, net of taxes   (112,931 )   (136,162 )   (183,107 )   (128,157 )   (367,732 )
    Total stockholders’ equity   3,510,070     3,429,774     3,367,936     3,354,044     3,175,601  
    Total liabilities and stockholders’ equity $ 31,943,535   $ 31,375,749   $ 30,731,883   $ 31,629,299   $ 29,854,994  
               
    (1) Preferred stock – issued shares   300,000     300,000     300,000     300,000     300,000  
    (2) Common stock – issued shares   51,747,305     51,707,542     51,520,315     51,494,260     51,474,581  
    (3) Treasury stock – shares at cost   6,000,469     5,682,609     5,286,503     5,286,503     5,286,503  
    TEXAS CAPITAL BANCSHARES, INC.        
    CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)        
    (dollars 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 $ 364,358   $ 345,251 $ 698,508   $ 676,130
    Investment securities   45,991     33,584   92,556     65,728
    Interest bearing cash and cash equivalents   29,218     43,233   75,792     97,588
    Total interest income   439,567     422,068   866,856     839,446
    Interest expense        
    Deposits   174,798     181,280   349,734     356,880
    Short-term borrowings   3,444     12,749   11,690     25,532
    Long-term debt   7,930     11,457   16,003     25,443
    Total interest expense   186,172     205,486   377,427     407,855
    Net interest income   253,395     216,582   489,429     431,591
    Provision for credit losses   15,000     20,000   32,000     39,000
    Net interest income after provision for credit losses   238,395     196,582   457,429     392,591
    Non-interest income        
    Service charges on deposit accounts   8,182     5,911   16,022     12,250
    Wealth management and trust fee income   3,730     3,699   7,694     7,266
    Brokered loan fees   2,398     2,131   4,347     4,042
    Investment banking and advisory fees   24,109     25,048   40,587     43,472
    Trading income   7,896     5,650   13,835     10,362
    Available-for-sale debt securities losses   (1,886 )   —   (1,886 )   —
    Other   9,640     7,985   17,914     14,351
    Total non-interest income   54,069     50,424   98,513     91,743
    Non-interest expense        
    Salaries and benefits   120,154     118,840   251,795     247,567
    Occupancy expense   12,144     10,666   22,988     20,403
    Marketing   3,624     5,996   8,633     12,032
    Legal and professional   11,069     11,273   26,058     27,468
    Communications and technology   24,314     22,013   47,956     43,127
    Federal Deposit Insurance Corporation insurance assessment   5,096     5,570   10,437     13,991
    Other   13,875     14,051   25,429     26,214
    Total non-interest expense   190,276     188,409   393,296     390,802
    Income before income taxes   102,188     58,597   162,646     93,532
    Income tax expense   24,860     16,935   38,271     25,728
    Net income   77,328     41,662   124,375     67,804
    Preferred stock dividends   4,312     4,312   8,625     8,625
    Net income available to common stockholders $ 73,016   $ 37,350 $ 115,750   $ 59,179
             
    Basic earnings per common share $ 1.59   $ 0.80 $ 2.52   $ 1.26
    Diluted earnings per common share $ 1.58   $ 0.80 $ 2.49   $ 1.25
    TEXAS CAPITAL BANCSHARES, INC.
    SUMMARY OF CREDIT LOSS EXPERIENCE
    (dollars in thousands)
      2nd Quarter 1st Quarter 4th Quarter 3rd Quarter 2nd Quarter
        2025     2025     2024     2024     2024  
    Allowance for credit losses on loans:          
    Beginning balance $ 278,379   $ 271,709   $ 273,143   $ 267,297   $ 263,962  
    Allowance established for acquired purchase credit deterioration loans   —     —     —     2,579     —  
    Loans charged-off:          
    Commercial   13,020     10,197     14,100     6,120     9,997  
    Commercial real estate   431     500     2,566     262     2,111  
    Consumer   —     —     —     30     —  
    Total charge-offs   13,451     10,697     16,666     6,412     12,108  
    Recoveries:          
    Commercial   486     483     4,562     329     153  
    Commercial real estate   —     413     18     —     —  
    Consumer   —     4     15     —     —  
    Total recoveries   486     900     4,595     329     153  
    Net charge-offs   12,965     9,797     12,071     6,083     11,955  
    Provision for credit losses on loans   12,234     16,467     10,637     9,350     15,290  
    Ending balance $ 277,648   $ 278,379   $ 271,709   $ 273,143   $ 267,297  
               
    Allowance for off-balance sheet credit losses:          
    Beginning balance $ 53,865   $ 53,332   $ 45,969   $ 45,319   $ 40,609  
    Provision for off-balance sheet credit losses   2,766     533     7,363     650     4,710  
    Ending balance $ 56,631   $ 53,865   $ 53,332   $ 45,969   $ 45,319  
               
    Total allowance for credit losses $ 334,279   $ 332,244   $ 325,041   $ 319,112   $ 312,616  
    Total provision for credit losses $ 15,000   $ 17,000   $ 18,000   $ 10,000   $ 20,000  
               
    Allowance for credit losses on loans to total loans held for investment   1.16 %   1.24 %   1.21 %   1.23 %   1.23 %
    Allowance for credit losses on loans to average total loans held for investment   1.19 %   1.29 %   1.22 %   1.24 %   1.27 %
    Net charge-offs to average total loans held for investment(1)   0.22 %   0.18 %   0.22 %   0.11 %   0.23 %
    Net charge-offs to average total loans held for investment for last 12 months(1)   0.18 %   0.18 %   0.19 %   0.20 %   0.22 %
    Total provision for credit losses to average total loans held for investment(1)   0.26 %   0.32 %   0.32 %   0.18 %   0.38 %
    Total allowance for credit losses to total loans held for investment   1.40 %   1.48 %   1.45 %   1.43 %   1.44 %

    (1) Interim period ratios are annualized.

    TEXAS CAPITAL BANCSHARES, INC.          
    NON-PERFORMING ASSETS, PAST DUE LOANS AND CRITICIZED LOANS      
    (dollars in thousands)          
      2nd Quarter 1st Quarter 4th Quarter 3rd Quarter 2nd Quarter
        2025     2025     2024     2024     2024  
    NON-PERFORMING ASSETS          
    Non-accrual loans held for investment $ 113,609   $ 93,565   $ 111,165   $ 88,960   $ 85,021  
    Non-accrual loans held for sale   —     —     —     —     —  
    Other real estate owned   —     —     —     —     —  
    Total non-performing assets $ 113,609   $ 93,565   $ 111,165   $ 88,960   $ 85,021  
               
    Non-accrual loans held for investment to total loans held for investment   0.47 %   0.42 %   0.50 %   0.40 %   0.39 %
    Total non-performing assets to total assets   0.36 %   0.30 %   0.36 %   0.28 %   0.28 %
    Allowance for credit losses on loans to non-accrual loans held for investment 2.4x 3.0x 2.4x 3.1x 3.1x
    Total allowance for credit losses to non-accrual loans held for investment 2.9x 3.6x 2.9x 3.6x 3.7x
               
    LOANS PAST DUE          
    Loans held for investment past due 90 days and still accruing $ 2,068   $ 791   $ 4,265   $ 5,281   $ 286  
    Loans held for investment past due 90 days to total loans held for investment   0.01 %   — %   0.02 %   0.02 %   — %
    Loans held for sale past due 90 days and still accruing $ —   $ —   $ —   $ —   $ 64  
               
    CRITICIZED LOANS          
    Criticized loans $ 637,462   $ 762,887   $ 713,951   $ 897,727   $ 859,671  
    Criticized loans to total loans held for investment   2.66 %   3.41 %   3.18 %   4.03 %   3.95 %
    Special mention loans $ 339,923   $ 484,165   $ 435,626   $ 579,802   $ 593,305  
    Special mention loans to total loans held for investment   1.42 %   2.16 %   1.94 %   2.60 %   2.72 %
    TEXAS CAPITAL BANCSHARES, INC.
    CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
    (dollars in thousands)
               
      2nd Quarter 1st Quarter 4th Quarter 3rd Quarter 2nd Quarter
        2025   2025 2024   2024   2024
    Interest income          
    Interest and fees on loans $ 364,358   $ 334,150 $ 340,388 $ 361,407   $ 345,251
    Investment securities   45,991     46,565   44,102   38,389     33,584
    Interest bearing deposits in other banks   29,218     46,574   53,081   52,737     43,233
    Total interest income   439,567     427,289   437,571   452,533     422,068
    Interest expense          
    Deposits   174,798     174,936   189,061   190,255     181,280
    Short-term borrowings   3,444     8,246   10,678   13,784     12,749
    Long-term debt   7,930     8,073   8,225   8,392     11,457
    Total interest expense   186,172     191,255   207,964   212,431     205,486
    Net interest income   253,395     236,034   229,607   240,102     216,582
    Provision for credit losses   15,000     17,000   18,000   10,000     20,000
    Net interest income after provision for credit losses   238,395     219,034   211,607   230,102     196,582
    Non-interest income          
    Service charges on deposit accounts   8,182     7,840   6,989   6,307     5,911
    Wealth management and trust fee income   3,730     3,964   4,009   4,040     3,699
    Brokered loan fees   2,398     1,949   2,519   2,400     2,131
    Investment banking and advisory fees   24,109     16,478   26,740   34,753     25,048
    Trading income   7,896     5,939   5,487   5,786     5,650
    Available-for-sale debt securities losses   (1,886 )   —   —   (179,581 )   —
    Other   9,640     8,274   8,330   11,524     7,985
    Total non-interest income   54,069     44,444   54,074   (114,771 )   50,424
    Non-interest expense          
    Salaries and benefits   120,154     131,641   97,873   121,138     118,840
    Occupancy expense   12,144     10,844   11,926   12,937     10,666
    Marketing   3,624     5,009   4,454   5,863     5,996
    Legal and professional   11,069     14,989   15,180   11,135     11,273
    Communications and technology   24,314     23,642   24,007   25,951     22,013
    Federal Deposit Insurance Corporation insurance assessment   5,096     5,341   4,454   4,906     5,570
    Other   13,875     11,554   14,265   13,394     14,051
    Total non-interest expense   190,276     203,020   172,159   195,324     188,409
    Income/(loss) before income taxes   102,188     60,458   93,522   (79,993 )   58,597
    Income tax expense/(benefit)   24,860     13,411   22,499   (18,674 )   16,935
    Net income/(loss)   77,328     47,047   71,023   (61,319 )   41,662
    Preferred stock dividends   4,312     4,313   4,312   4,313     4,312
    Net income/(loss) available to common shareholders $ 73,016   $ 42,734 $ 66,711 $ (65,632 ) $ 37,350
    TEXAS CAPITAL BANCSHARES, INC.
    TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)(1)
    (dollars in thousands)
      2nd Quarter 2025   1st Quarter 2025   2nd Quarter 2024   YTD June 30, 2025   YTD June 30, 2024
      Average
    Balance    		 Income/
    Expense    		 Yield/
    Rate    		   Average
    Balance    		 Income/
    Expense    		 Yield/
    Rate    		   Average
    Balance    		 Income/
    Expense    		 Yield/
    Rate    		   Average
    Balance    		 Income/
    Expense    		 Yield/
    Rate    		   Average
    Balance    		 Income/
    Expense    		 Yield/
    Rate
    Assets                                      
    Investment securities(2) $ 4,573,164 $ 45,999 3.93 %   $ 4,463,876 $ 46,565 4.10 %   $ 4,427,023 $ 33,584 2.80 %   $ 4,518,822 $ 92,564 4.01 %   $ 4,363,195 $ 65,728 2.79 %
    Interest bearing cash and cash equivalents   2,661,037   29,218 4.40 %     4,255,796   46,574 4.44 %     3,273,069   43,233 5.31 %     3,454,011   75,792 4.43 %     3,662,348   97,588 5.36 %
    Loans held for sale   —   — — %     335   2 2.97 %     28,768   683 9.55 %     167   2 2.97 %     39,966   1,867 9.40 %
    Loans held for investment, mortgage finance   5,327,559   58,707 4.42 %     3,972,106   38,527 3.93 %     4,357,288   42,722 3.94 %     4,653,577   97,234 4.21 %     3,937,498   74,177 3.79 %
    Loans held for investment(3)   18,018,626   306,142 6.81 %     17,527,070   296,091 6.85 %     16,750,788   301,910 7.25 %     17,774,206   602,233 6.83 %     16,636,438   600,216 7.26 %
    Less: Allowance for credit losses on loans   278,035   — — %     272,758   — —       263,145   — — %     275,411   — —       256,541   — —  
    Loans held for investment, net   23,068,150   364,849 6.34 %     21,226,418   334,618 6.39 %     20,844,931   344,632 6.65 %     22,152,372   699,467 6.37 %     20,317,395   674,393 6.68 %
    Total earning assets   30,302,351   440,066 5.80 %     29,946,425   427,759 5.76 %     28,573,791   422,132 5.86 %     30,125,372   867,825 5.78 %     28,382,904   839,576 5.87 %
    Cash and other assets   1,117,118         1,157,184         1,177,061         1,137,040         1,117,763    
    Total assets $ 31,419,469       $ 31,103,609       $ 29,750,852       $ 31,262,412       $ 29,500,667    
                                           
    Liabilities and Stockholders’ Equity                                      
    Transaction deposits $ 2,213,037 $ 13,731 2.49 %   $ 2,163,250 $ 13,908 2.61 %   $ 2,061,622 $ 16,982 3.31 %   $ 2,188,282 $ 27,639 2.55 %   $ 2,034,057 $ 33,840 3.35 %
    Savings deposits   13,727,095   134,272 3.92 %     13,357,243   133,577 4.06 %     11,981,668   143,173 4.81 %     13,543,190   267,849 3.99 %     11,695,673   279,963 4.81 %
    Time deposits   2,361,525   26,795 4.55 %     2,329,384   27,451 4.78 %     1,658,899   21,125 5.12 %     2,345,543   54,246 4.66 %     1,689,112   43,077 5.13 %
    Total interest bearing deposits   18,301,657   174,798 3.83 %     17,849,877   174,936 3.97 %     15,702,189   181,280 4.64 %     18,077,015   349,734 3.90 %     15,418,842   356,880 4.65 %
    Short-term borrowings   306,176   3,444 4.51 %     751,500   8,246 4.45 %     927,253   12,749 5.53 %     527,608   11,690 4.47 %     919,670   25,532 5.58 %
    Long-term debt   649,469   7,930 4.90 %     660,445   8,073 4.96 %     778,401   11,457 5.92 %     654,927   16,003 4.93 %     818,955   25,443 6.25 %
    Total interest bearing liabilities   19,257,302   186,172 3.88 %     19,261,822   191,255 4.03 %     17,407,843   205,486 4.75 %     19,259,550   377,427 3.95 %     17,157,467   407,855 4.78 %
    Non-interest bearing deposits   8,191,402         7,875,244         8,647,594         8,034,196         8,642,685    
    Other liabilities   475,724         552,154         537,754         513,728         523,520    
    Stockholders’ equity   3,495,041         3,414,389         3,157,661         3,454,938         3,176,995    
    Total liabilities and stockholders’ equity $ 31,419,469       $ 31,103,609       $ 29,750,852       $ 31,262,412       $ 29,500,667    
    Net interest income   $ 253,894       $ 236,504       $ 216,646       $ 490,398       $ 431,721  
    Net interest margin     3.35 %       3.19 %       3.01 %       3.27 %       3.02 %

    (1) Taxable equivalent rates used where applicable.
    (2) Yields on investment securities are calculated using available-for-sale securities at amortized cost.
    (3) Average balances include non-accrual loans.

    GAAP TO NON-GAAP RECONCILIATIONS

    The following items are non-GAAP financial measures: adjusted non-interest income, adjusted non-interest expense, adjusted net income, adjusted net income available to common stockholders, adjusted pre-provision net revenue (“PPNR”), adjusted diluted earnings/(loss) per common share, adjusted return on average assets, adjusted return on average common equity, adjusted efficiency ratio, adjusted non-interest income to average earning assets and adjusted non-interest expense to average earning assets. These are not measures recognized under GAAP and therefore are considered non-GAAP financial measures. The table below provides a reconciliation of these non-GAAP financial measures to the most comparable GAAP measures.

    These non-GAAP financial measures are adjusted for certain items, listed below, that management believes are non-operating in nature and not representative of its actual operating performance. Management believes that these non-GAAP financial measures provide meaningful additional information about Texas Capital Bancshares, Inc. to assist management and investors in evaluating operating results, financial strength, business performance and capital position. Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied and are not audited. As such, these non-GAAP financial measures should not be considered in isolation or as a substitute for analyses of operating results or capital position as reported under GAAP.

    Reconciliation of Non-GAAP Financial Measures      
    (dollars in thousands except per share data) 2nd Quarter
    2025    		 1st Quarter
    2025    		 4th Quarter
    2024    		 3rd Quarter
    2024    		 2nd Quarter
    2024
    Net interest income $ 253,395   $ 236,034   $ 229,607   $ 240,102   $ 216,582  
               
    Non-interest income   54,069     44,444     54,074     (114,771 )   50,424  
    Available-for-sale debt securities losses, net   1,886     —     —     179,581     —  
    Non-interest income, adjusted   55,955     44,444     54,074     64,810     50,424  
               
    Non-interest expense   190,276     203,020     172,159     195,324     188,409  
    FDIC special assessment   —     —     —     651     (462 )
    Restructuring expenses   (1,401 )   —     —     (5,923 )   —  
    Non-interest expense, adjusted   188,875     203,020     172,159     190,052     187,947  
               
    Provision for credit losses   15,000     17,000     18,000     10,000     20,000  
               
    Income tax expense/(benefit)   24,860     13,411     22,499     (18,674 )   16,935  
    Tax effect of adjustments   774     —     —     44,880     104  
    Income tax expense/(benefit), adjusted   25,634     13,411     22,499     26,206     17,039  
               
    Net income/(loss)(1) $ 77,328   $ 47,047   $ 71,023   $ (61,319 ) $ 41,662  
    Net income/(loss), adjusted(1) $ 79,841   $ 47,047   $ 71,023   $ 78,654   $ 42,020  
               
    Preferred stock dividends   4,312     4,313     4,312     4,313     4,312  
               
    Net income/(loss) to common stockholders(2) $ 73,016   $ 42,734   $ 66,711   $ (65,632 ) $ 37,350  
    Net income/(loss) to common stockholders, adjusted(2) $ 75,529   $ 42,734   $ 66,711   $ 74,341   $ 37,708  
               
    PPNR(3) $ 117,188   $ 77,458   $ 111,522   $ (69,993 ) $ 78,597  
    PPNR(3), adjusted $ 120,475   $ 77,458   $ 111,522   $ 114,860   $ 79,059  
               
    Weighted average common shares outstanding, diluted   46,215,394     46,616,704     46,770,961     46,608,742     46,872,498  
    Diluted earnings/(loss) per common share $ 1.58   $ 0.92   $ 1.43   $ (1.41 ) $ 0.80  
    Diluted earnings/(loss) per common share, adjusted $ 1.63   $ 0.92   $ 1.43   $ 1.59   $ 0.80  
               
    Average total assets $ 31,419,469   $ 31,103,609   $ 32,212,087   $ 31,215,173   $ 29,750,852  
    Return on average assets   0.99 %   0.61 %   0.88 % (0.78 )%   0.56 %
    Return on average assets, adjusted   1.02 %   0.61 %   0.88 %   1.00 %   0.57 %
               
    Average common equity $ 3,195,041   $ 3,114,389   $ 3,120,933   $ 2,945,238   $ 2,857,661  
    Return on average common equity   9.17 %   5.56 %   8.50 % (8.87 )%   5.26 %
    Return on average common equity, adjusted   9.48 %   5.56 %   8.50 %   10.04 %   5.31 %
               
    Efficiency ratio(4)   61.9 %   72.4 %   60.7 %   155.8 %   70.6 %
    Efficiency ratio, adjusted(4)   61.1 %   72.4 %   60.7 %   62.3 %   70.4 %
               
    Average earning assets $ 30,302,351   $ 29,946,425   $ 31,033,803   $ 29,975,318   $ 28,573,791  
    Non-interest income to average earning assets   0.72 %   0.60 %   0.69 % (1.52 )%   0.71 %
    Non-interest income to average earning assets, adjusted   0.74 %   0.60 %   0.69 %   0.86 %   0.71 %
    Non-interest expense to average earning assets   2.52 %   2.75 %   2.21 %   2.59 %   2.65 %
    Non-interest expense to average earning assets, adjusted   2.50 %   2.75 %   2.21 %   2.52 %   2.65 %

    (1) Net interest income plus non-interest income, less non-interest expense, provision for credit losses and income tax expense/(benefit). On an adjusted basis, net interest income plus non-interest income, adjusted, less non-interest expense, adjusted, provision for credit losses and income tax expense/(benefit), adjusted.
    (2) Net income/(loss), less preferred stock dividends. On an adjusted basis, net income/(loss), adjusted, less preferred stock dividends.
    (3) Net interest income plus non-interest income, less non-interest expense. On an adjusted basis, net interest income plus non-interest income, adjusted, less non-interest expense, adjusted.
    (4) Non-interest expense divided by the sum of net interest income and non-interest income. On an adjusted basis, non-interest expense, adjusted, divided by the sum of net interest income and non-interest income, adjusted.

    The MIL Network –

  • MIL-OSI: Texas Capital Bancshares, Inc. Announces Second Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    Second quarter 2025 net income of $77.3 million and net income available to common stockholders
    of $73.0 million, up 86% and 95%, respectively, year-over-year

    Second quarter 2025 EPS of $1.58 per diluted share and adjusted EPS(1)of $1.63 per
    diluted share, up 98% and 104%, respectively, year-over-year

    Strong balance sheet growth with total loans increasing 7% quarter-over-quarter and 10% year-over-year

    Book Value and Tangible Book Value(2)per share both increasing 13% year-over-year, reaching record levels

    DALLAS, July 17, 2025 (GLOBE NEWSWIRE) — Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced operating results for the second quarter of 2025.

    “Our multi-year focus on building a differentiated, full-service financial services firm has strengthened our client franchise and consistently delivered high-quality outcomes across our platform, driving strong financial performance this quarter,” said Rob C. Holmes, Chairman, President & CEO. “The strategic actions we’ve taken have structurally enhanced our earnings power, and as we enter the second half of the year, the breadth of our capabilities and the strength of our balance sheet position us to deliver durable, through-cycle results for both clients and shareholders.”

      2nd Quarter   1st Quarter   2nd Quarter
    (dollars in thousands except per share data)   2025       2025       2024  
    OPERATING RESULTS          
    Net income $ 77,328     $ 47,047     $ 41,662  
    Net income available to common stockholders $ 73,016     $ 42,734     $ 37,350  
    Pre-provision net revenue(3) $ 117,188     $ 77,458     $ 78,597  
    Diluted earnings per common share $ 1.58     $ 0.92     $ 0.80  
    Diluted common shares   46,215,394       46,616,704       46,872,498  
    Return on average assets   0.99 %     0.61 %     0.56 %
    Return on average common equity   9.17 %     5.56 %     5.26 %
               
    OPERATING RESULTS, ADJUSTED(1)          
    Net income $ 79,841     $ 47,047     $ 42,020  
    Net income available to common stockholders $ 75,529     $ 42,734     $ 37,708  
    Pre-provision net revenue(3) $ 120,475     $ 77,458     $ 79,059  
    Diluted earnings per common share $ 1.63     $ 0.92     $ 0.80  
    Diluted common shares   46,215,394       46,616,704       46,872,498  
    Return on average assets   1.02 %     0.61 %     0.57 %
    Return on average common equity   9.48 %     5.56 %     5.31 %
               
    BALANCE SHEET          
    Loans held for investment $ 18,035,945     $ 17,654,243     $ 16,700,569  
    Loans held for investment, mortgage finance   5,889,589       4,725,541       5,078,161  
    Total loans held for investment   23,925,534       22,379,784       21,778,730  
    Loans held for sale   —       —       36,785  
    Total assets   31,943,535       31,375,749       29,854,994  
    Non-interest bearing deposits   7,718,006       7,874,780       7,987,715  
    Total deposits   26,064,309       26,053,034       23,818,327  
    Stockholders’ equity   3,510,070       3,429,774       3,175,601  
               

    (1) These adjusted measures are non-GAAP measures. Please refer to “GAAP to Non-GAAP Reconciliations” for the computations of these adjusted measures and the reconciliation of these non-GAAP measures to the most directly comparable GAAP measure.
    (2) Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by shares outstanding at period end.
    (3) Net interest income plus non-interest income, less non-interest expense.

    SECOND QUARTER 2025 COMPARED TO FIRST QUARTER 2025

    For the second quarter of 2025, net income available to common stockholders was $73.0 million, or $1.58 per diluted share, compared to $42.7 million, or $0.92 per diluted share, for the first quarter of 2025.

    Provision for credit losses for the second quarter of 2025 was $15.0 million, compared to $17.0 million for the first quarter of 2025. The $15.0 million provision for credit losses recorded in the second quarter of 2025 resulted primarily from an increase in total loans held for investment (“LHI”) and $13.0 million in net charge-offs, partially offset by a decrease in criticized loans.

    Net interest income was $253.4 million for the second quarter of 2025, compared to $236.0 million for the first quarter of 2025, primarily due to increases in average earning assets and earning asset yields, a decrease in average short-term borrowings and the impact of one additional day in the second quarter. Net interest margin for the second quarter of 2025 was 3.35%, an increase of 16 basis points from the first quarter of 2025. LHI, excluding mortgage finance, yields decreased 4 basis points from the first quarter of 2025 and LHI, mortgage finance, yields increased 49 basis points from the first quarter of 2025. Total cost of deposits was 2.65% for the second quarter of 2025, an 11 basis point decrease from the first quarter of 2025.

    Non-interest income for the second quarter of 2025 increased $9.6 million compared to the first quarter of 2025 primarily due to increases in investment banking and advisory fees and trading income, partially offset by a $1.9 million loss on sale of available-for-sale debt securities recognized during the second quarter of 2025.

    Non-interest expense for the second quarter of 2025 decreased $12.7 million compared to the first quarter of 2025, primarily due to decreases in salaries and benefits, related to the effect of seasonal payroll expenses that peak in the first quarter, and legal and professional expense, partially offset by an increase in other non-interest expense.

    SECOND QUARTER 2025 COMPARED TO SECOND QUARTER 2024

    Net income available to common stockholders was $73.0 million, or $1.58 per diluted share, for the second quarter of 2025, compared to $37.4 million, or $0.80 per diluted share, for the second quarter of 2024.

    The second quarter of 2025 included a $15.0 million provision for credit losses, reflecting an increase in total LHI and $13.0 million in net charge-offs, partially offset by a decline in criticized loans, compared to a $20.0 million provision for credit losses for the second quarter of 2024.

    Net interest income increased to $253.4 million for the second quarter of 2025, compared to $216.6 million for the second quarter of 2024, primarily due to an increase in average earning assets and a decrease in funding costs, partially offset by an increase in average interest bearing liabilities. Net interest margin increased 34 basis points to 3.35% for the second quarter of 2025, as compared to the second quarter of 2024. LHI, excluding mortgage finance, yields decreased 44 basis points compared to the second quarter of 2024 and LHI, mortgage finance yields increased 48 basis points from the second quarter of 2024. Total cost of deposits decreased 34 basis points compared to the second quarter of 2024.

    Non-interest income for the second quarter of 2025 increased $3.6 million compared to the second quarter of 2024 primarily due to increases in service charges on deposit accounts, trading income and other non-interest income, partially offset by the loss on sale of available-for-sale debt securities mentioned above.

    Non-interest expense for the second quarter of 2025 increased $1.9 million compared to the second quarter of 2024, primarily due to increases in salaries and benefits, occupancy expense and communications and technology expense, partially offset by a decrease in marketing expense.

    CREDIT QUALITY

    Net charge-offs of $13.0 million were recorded during the second quarter of 2025, compared to net charge-offs of $9.8 million and $12.0 million during the first quarter of 2025 and the second quarter of 2024, respectively. Criticized loans totaled $637.5 million at June 30, 2025, compared to $762.9 million at March 31, 2025 and $859.7 million at June 30, 2024. Non-accrual LHI totaled $113.6 million at June 30, 2025, compared to $93.6 million at March 31, 2025 and $85.0 million at June 30, 2024. The ratio of non-accrual LHI to total LHI for the second quarter of 2025 was 0.47%, compared to 0.42% for the first quarter of 2025 and 0.39% for the second quarter of 2024. The ratio of total allowance for credit losses to total LHI was 1.40% at June 30, 2025, compared to 1.48% and 1.44% at March 31, 2025 and June 30, 2024, respectively.

    REGULATORY RATIOS AND CAPITAL

    All regulatory ratios continue to be in excess of “well capitalized” requirements as of June 30, 2025. CET1, tier 1 capital, total capital and leverage ratios were 11.4%, 12.9%, 15.3% and 11.8%, respectively, at June 30, 2025, compared to 11.6%, 13.1%, 15.6% and 11.8%, respectively, at March 31, 2025 and 11.6%, 13.1%, 15.7% and 12.2%, respectively, at June 30, 2024. At June 30, 2025, our ratio of tangible common equity to total tangible assets was 10.1%, compared to 10.0% at March 31, 2025 and 9.6% at June 30, 2024.

    During the second quarter of 2025, the Company repurchased 317,860 shares of its common stock for an aggregate purchase price, including excise tax expense, of $21.0 million, at a weighted average price of $65.50 per share.

    About Texas Capital Bancshares, Inc.

    Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000®Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank (“TCB”). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly-owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio, and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities.

    Forward Looking Statements

    This communication contains “forward-looking statements” within the meaning of and pursuant to the Private Securities Litigation Reform Act of 1995 regarding, among other things, TCBI’s financial condition, results of operations, business plans and future performance. These statements are not historical in nature and may often be identified by the use of words such as “believes,” “projects,” “expects,” “may,” “estimates,” “should,” “plans,” “targets,” “intends” “could,” “would,” “anticipates,” “potential,” “confident,” “optimistic” or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, trends, guidance, expectations and future plans.

    Because forward-looking statements relate to future results and occurrences, they are subject to inherent and various uncertainties, risks, and changes in circumstances that are difficult to predict, may change over time, are based on management’s expectations and assumptions at the time the statements are made and are not guarantees of future results. Numerous risks and other factors, many of which are beyond management’s control, could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. While there can be no assurance that any list of risks is complete, important risks and other factors that could cause actual results to differ materially from those contemplated by forward-looking statements include, but are not limited to: economic or business conditions in Texas, the United States or globally that impact TCBI or its customers; negative credit quality developments arising from the foregoing or other factors, including recent trade policies and their impact on our customers; TCBI’s ability to effectively manage its liquidity and maintain adequate regulatory capital to support its businesses; TCBI’s ability to pursue and execute upon growth plans, whether as a function of capital, liquidity or other limitations; TCBI’s ability to successfully execute its business strategy, including its strategic plan and developing and executing new lines of business and new products and services and potential strategic acquisitions; the extensive regulations to which TCBI is subject and its ability to comply with applicable governmental regulations, including legislative and regulatory changes; TCBI’s ability to effectively manage information technology systems, including third party vendors, cyber or data privacy incidents or other failures, disruptions or security breaches; TCBI’s ability to use technology to provide products and services to its customers; risks related to the development and use of artificial intelligence; changes in interest rates, including the impact of interest rates on TCBI’s securities portfolio and funding costs, as well as related balance sheet implications stemming from the fair value of our assets and liabilities; the effectiveness of TCBI’s risk management processes strategies and monitoring; fluctuations in commercial and residential real estate values, especially as they relate to the value of collateral supporting TCBI’s loans; the failure to identify, attract and retain key personnel and other employees; adverse developments in the banking industry and the potential impact of such developments on customer confidence, liquidity and regulatory responses to these developments, including in the context of regulatory examinations and related findings and actions; negative press and social media attention with respect to the banking industry or TCBI, in particular; claims, litigation or regulatory investigations and actions that TCBI may become subject to; severe weather, natural disasters, climate change, acts of war, terrorism, global or other geopolitical conflicts, or other external events, as well as related legislative and regulatory initiatives; and the risks and factors more fully described in TCBI’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents and filings with the SEC. The information contained in this communication speaks only as of its date. Except to the extent required by applicable law or regulation, we disclaim any obligation to update such factors or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments.

    TEXAS CAPITAL BANCSHARES, INC.
    SELECTED FINANCIAL HIGHLIGHTS (UNAUDITED)
    (dollars in thousands except per share data)
      2nd Quarter 1st Quarter 4th Quarter 3rd Quarter 2nd Quarter
        2025     2025     2024     2024     2024  
    CONSOLIDATED STATEMENTS OF INCOME          
    Interest income $ 439,567   $ 427,289   $ 437,571   $ 452,533   $ 422,068  
    Interest expense   186,172     191,255     207,964     212,431     205,486  
    Net interest income   253,395     236,034     229,607     240,102     216,582  
    Provision for credit losses   15,000     17,000     18,000     10,000     20,000  
    Net interest income after provision for credit losses   238,395     219,034     211,607     230,102     196,582  
    Non-interest income   54,069     44,444     54,074     (114,771 )   50,424  
    Non-interest expense   190,276     203,020     172,159     195,324     188,409  
    Income/(loss) before income taxes   102,188     60,458     93,522     (79,993 )   58,597  
    Income tax expense/(benefit)   24,860     13,411     22,499     (18,674 )   16,935  
    Net income/(loss)   77,328     47,047     71,023     (61,319 )   41,662  
    Preferred stock dividends   4,312     4,313     4,312     4,313     4,312  
    Net income/(loss) available to common stockholders $ 73,016   $ 42,734   $ 66,711   $ (65,632 ) $ 37,350  
    Diluted earnings/(loss) per common share $ 1.58   $ 0.92   $ 1.43   $ (1.41 ) $ 0.80  
    Diluted common shares   46,215,394     46,616,704     46,770,961     46,608,742     46,872,498  
    CONSOLIDATED BALANCE SHEET DATA          
    Total assets $ 31,943,535   $ 31,375,749   $ 30,731,883   $ 31,629,299   $ 29,854,994  
    Loans held for investment   18,035,945     17,654,243     17,234,492     16,764,512     16,700,569  
    Loans held for investment, mortgage finance   5,889,589     4,725,541     5,215,574     5,529,659     5,078,161  
    Loans held for sale   —     —     —     9,022     36,785  
    Interest bearing cash and cash equivalents   2,507,691     3,600,969     3,012,307     3,894,537     2,691,352  
    Investment securities   4,608,628     4,531,219     4,396,115     4,405,520     4,388,976  
    Non-interest bearing deposits   7,718,006     7,874,780     7,485,428     9,070,804     7,987,715  
    Total deposits   26,064,309     26,053,034     25,238,599     25,865,255     23,818,327  
    Short-term borrowings   1,250,000     750,000     885,000     1,035,000     1,675,000  
    Long-term debt   620,256     660,521     660,346     660,172     659,997  
    Stockholders’ equity   3,510,070     3,429,774     3,367,936     3,354,044     3,175,601  
               
    End of period shares outstanding   45,746,836     46,024,933     46,233,812     46,207,757     46,188,078  
    Book value per share $ 70.17   $ 68.00   $ 66.36   $ 66.09   $ 62.26  
    Tangible book value per share(1) $ 70.14   $ 67.97   $ 66.32   $ 66.06   $ 62.23  
    SELECTED FINANCIAL RATIOS          
    Net interest margin   3.35 %   3.19 %   2.93 %   3.16 %   3.01 %
    Return on average assets   0.99 %   0.61 %   0.88 % (0.78 )%   0.56 %
    Return on average assets, adjusted(4)   1.02 %   0.61 %   0.88 %   1.00 %   0.57 %
    Return on average common equity   9.17 %   5.56 %   8.50 % (8.87 )%   5.26 %
    Return on average common equity, adjusted(4)   9.48 %   5.56 %   8.50 %   10.04 %   5.31 %
    Efficiency ratio(2)   61.9 %   72.4 %   60.7 %   155.8 %   70.6 %
    Efficiency ratio, adjusted(2)(4)   61.1 %   72.4 %   60.7 %   62.3 %   70.4 %
    Non-interest income to average earning assets   0.72 %   0.60 %   0.69 % (1.52 )%   0.71 %
    Non-interest income to average earning assets, adjusted(4)   0.74 %   0.60 %   0.69 %   0.86 %   0.71 %
    Non-interest expense to average earning assets   2.52 %   2.75 %   2.21 %   2.59 %   2.65 %
    Non-interest expense to average earning assets, adjusted(4)   2.50 %   2.75 %   2.21 %   2.52 %   2.65 %
    Common equity to total assets   10.1 %   10.0 %   10.0 %   9.7 %   9.6 %
    Tangible common equity to total tangible assets(3)   10.1 %   10.0 %   10.0 %   9.7 %   9.6 %
    Common Equity Tier 1   11.4 %   11.6 %   11.4 %   11.2 %   11.6 %
    Tier 1 capital   12.9 %   13.1 %   12.8 %   12.6 %   13.1 %
    Total capital   15.3 %   15.6 %   15.4 %   15.2 %   15.7 %
    Leverage   11.8 %   11.8 %   11.3 %   11.4 %   12.2 %

    (1) Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by shares outstanding at period end.
    (2) Non-interest expense divided by the sum of net interest income and non-interest income.
    (3) Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by total assets, less goodwill and intangibles.
    (4) These adjusted measures are non-GAAP measures. Please refer to “GAAP to Non-GAAP Reconciliations” for the computations of these adjusted measures and the reconciliation of these non-GAAP measures to the most directly comparable GAAP measure.

    TEXAS CAPITAL BANCSHARES, INC.
    CONSOLIDATED BALANCE SHEETS (UNAUDITED)
    (dollars in thousands)
      June 30,
    2025    		 March 31,
    2025    		 December 31,
    2024    		 September 30,
    2024    		 June 30,
    2024
    Assets          
    Cash and due from banks $ 182,451   $ 201,504   $ 176,501   $ 297,048   $ 221,727  
    Interest bearing cash and cash equivalents   2,507,691     3,600,969     3,012,307     3,894,537     2,691,352  
    Available-for-sale debt securities   3,774,141     3,678,378     3,524,686     3,518,662     3,483,231  
    Held-to-maturity debt securities   761,907     779,354     796,168     812,432     831,513  
    Equity securities   68,692     71,679     75,261     74,426     74,232  
    Trading securities   3,888     1,808     —     —     —  
    Investment securities   4,608,628     4,531,219     4,396,115     4,405,520     4,388,976  
    Loans held for sale   —     —     —     9,022     36,785  
    Loans held for investment, mortgage finance   5,889,589     4,725,541     5,215,574     5,529,659     5,078,161  
    Loans held for investment   18,035,945     17,654,243     17,234,492     16,764,512     16,700,569  
    Less: Allowance for credit losses on loans   277,648     278,379     271,709     273,143     267,297  
    Loans held for investment, net   23,647,886     22,101,405     22,178,357     22,021,028     21,511,433  
    Premises and equipment, net   86,831     84,575     85,443     81,577     69,464  
    Accrued interest receivable and other assets   908,552     854,581     881,664     919,071     933,761  
    Goodwill and intangibles, net   1,496     1,496     1,496     1,496     1,496  
    Total assets $ 31,943,535   $ 31,375,749   $ 30,731,883   $ 31,629,299   $ 29,854,994  
               
    Liabilities and Stockholders’ Equity          
    Liabilities:          
    Non-interest bearing deposits $ 7,718,006   $ 7,874,780   $ 7,485,428   $ 9,070,804   $ 7,987,715  
    Interest bearing deposits   18,346,303     18,178,254     17,753,171     16,794,451     15,830,612  
    Total deposits   26,064,309     26,053,034     25,238,599     25,865,255     23,818,327  
    Accrued interest payable   14,120     25,270     23,680     18,679     23,841  
    Other liabilities   484,780     457,150     556,322     696,149     502,228  
    Short-term borrowings   1,250,000     750,000     885,000     1,035,000     1,675,000  
    Long-term debt   620,256     660,521     660,346     660,172     659,997  
    Total liabilities   28,433,465     27,945,975     27,363,947     28,275,255     26,679,393  
               
    Stockholders’ equity:          
    Preferred stock, $.01 par value, $1,000 liquidation value:          
    Authorized shares – 10,000,000          
    Issued shares(1)   300,000     300,000     300,000     300,000     300,000  
    Common stock, $.01 par value:          
    Authorized shares – 100,000,000          
    Issued shares(2)   517     517     515     515     515  
    Additional paid-in capital   1,065,083     1,060,028     1,056,719     1,054,614     1,050,114  
    Retained earnings   2,611,401     2,538,385     2,495,651     2,428,940     2,494,572  
    Treasury stock(3)   (354,000 )   (332,994 )   (301,842 )   (301,868 )   (301,868 )
    Accumulated other comprehensive loss, net of taxes   (112,931 )   (136,162 )   (183,107 )   (128,157 )   (367,732 )
    Total stockholders’ equity   3,510,070     3,429,774     3,367,936     3,354,044     3,175,601  
    Total liabilities and stockholders’ equity $ 31,943,535   $ 31,375,749   $ 30,731,883   $ 31,629,299   $ 29,854,994  
               
    (1) Preferred stock – issued shares   300,000     300,000     300,000     300,000     300,000  
    (2) Common stock – issued shares   51,747,305     51,707,542     51,520,315     51,494,260     51,474,581  
    (3) Treasury stock – shares at cost   6,000,469     5,682,609     5,286,503     5,286,503     5,286,503  
    TEXAS CAPITAL BANCSHARES, INC.        
    CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)        
    (dollars 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 $ 364,358   $ 345,251 $ 698,508   $ 676,130
    Investment securities   45,991     33,584   92,556     65,728
    Interest bearing cash and cash equivalents   29,218     43,233   75,792     97,588
    Total interest income   439,567     422,068   866,856     839,446
    Interest expense        
    Deposits   174,798     181,280   349,734     356,880
    Short-term borrowings   3,444     12,749   11,690     25,532
    Long-term debt   7,930     11,457   16,003     25,443
    Total interest expense   186,172     205,486   377,427     407,855
    Net interest income   253,395     216,582   489,429     431,591
    Provision for credit losses   15,000     20,000   32,000     39,000
    Net interest income after provision for credit losses   238,395     196,582   457,429     392,591
    Non-interest income        
    Service charges on deposit accounts   8,182     5,911   16,022     12,250
    Wealth management and trust fee income   3,730     3,699   7,694     7,266
    Brokered loan fees   2,398     2,131   4,347     4,042
    Investment banking and advisory fees   24,109     25,048   40,587     43,472
    Trading income   7,896     5,650   13,835     10,362
    Available-for-sale debt securities losses   (1,886 )   —   (1,886 )   —
    Other   9,640     7,985   17,914     14,351
    Total non-interest income   54,069     50,424   98,513     91,743
    Non-interest expense        
    Salaries and benefits   120,154     118,840   251,795     247,567
    Occupancy expense   12,144     10,666   22,988     20,403
    Marketing   3,624     5,996   8,633     12,032
    Legal and professional   11,069     11,273   26,058     27,468
    Communications and technology   24,314     22,013   47,956     43,127
    Federal Deposit Insurance Corporation insurance assessment   5,096     5,570   10,437     13,991
    Other   13,875     14,051   25,429     26,214
    Total non-interest expense   190,276     188,409   393,296     390,802
    Income before income taxes   102,188     58,597   162,646     93,532
    Income tax expense   24,860     16,935   38,271     25,728
    Net income   77,328     41,662   124,375     67,804
    Preferred stock dividends   4,312     4,312   8,625     8,625
    Net income available to common stockholders $ 73,016   $ 37,350 $ 115,750   $ 59,179
             
    Basic earnings per common share $ 1.59   $ 0.80 $ 2.52   $ 1.26
    Diluted earnings per common share $ 1.58   $ 0.80 $ 2.49   $ 1.25
    TEXAS CAPITAL BANCSHARES, INC.
    SUMMARY OF CREDIT LOSS EXPERIENCE
    (dollars in thousands)
      2nd Quarter 1st Quarter 4th Quarter 3rd Quarter 2nd Quarter
        2025     2025     2024     2024     2024  
    Allowance for credit losses on loans:          
    Beginning balance $ 278,379   $ 271,709   $ 273,143   $ 267,297   $ 263,962  
    Allowance established for acquired purchase credit deterioration loans   —     —     —     2,579     —  
    Loans charged-off:          
    Commercial   13,020     10,197     14,100     6,120     9,997  
    Commercial real estate   431     500     2,566     262     2,111  
    Consumer   —     —     —     30     —  
    Total charge-offs   13,451     10,697     16,666     6,412     12,108  
    Recoveries:          
    Commercial   486     483     4,562     329     153  
    Commercial real estate   —     413     18     —     —  
    Consumer   —     4     15     —     —  
    Total recoveries   486     900     4,595     329     153  
    Net charge-offs   12,965     9,797     12,071     6,083     11,955  
    Provision for credit losses on loans   12,234     16,467     10,637     9,350     15,290  
    Ending balance $ 277,648   $ 278,379   $ 271,709   $ 273,143   $ 267,297  
               
    Allowance for off-balance sheet credit losses:          
    Beginning balance $ 53,865   $ 53,332   $ 45,969   $ 45,319   $ 40,609  
    Provision for off-balance sheet credit losses   2,766     533     7,363     650     4,710  
    Ending balance $ 56,631   $ 53,865   $ 53,332   $ 45,969   $ 45,319  
               
    Total allowance for credit losses $ 334,279   $ 332,244   $ 325,041   $ 319,112   $ 312,616  
    Total provision for credit losses $ 15,000   $ 17,000   $ 18,000   $ 10,000   $ 20,000  
               
    Allowance for credit losses on loans to total loans held for investment   1.16 %   1.24 %   1.21 %   1.23 %   1.23 %
    Allowance for credit losses on loans to average total loans held for investment   1.19 %   1.29 %   1.22 %   1.24 %   1.27 %
    Net charge-offs to average total loans held for investment(1)   0.22 %   0.18 %   0.22 %   0.11 %   0.23 %
    Net charge-offs to average total loans held for investment for last 12 months(1)   0.18 %   0.18 %   0.19 %   0.20 %   0.22 %
    Total provision for credit losses to average total loans held for investment(1)   0.26 %   0.32 %   0.32 %   0.18 %   0.38 %
    Total allowance for credit losses to total loans held for investment   1.40 %   1.48 %   1.45 %   1.43 %   1.44 %

    (1) Interim period ratios are annualized.

    TEXAS CAPITAL BANCSHARES, INC.          
    NON-PERFORMING ASSETS, PAST DUE LOANS AND CRITICIZED LOANS      
    (dollars in thousands)          
      2nd Quarter 1st Quarter 4th Quarter 3rd Quarter 2nd Quarter
        2025     2025     2024     2024     2024  
    NON-PERFORMING ASSETS          
    Non-accrual loans held for investment $ 113,609   $ 93,565   $ 111,165   $ 88,960   $ 85,021  
    Non-accrual loans held for sale   —     —     —     —     —  
    Other real estate owned   —     —     —     —     —  
    Total non-performing assets $ 113,609   $ 93,565   $ 111,165   $ 88,960   $ 85,021  
               
    Non-accrual loans held for investment to total loans held for investment   0.47 %   0.42 %   0.50 %   0.40 %   0.39 %
    Total non-performing assets to total assets   0.36 %   0.30 %   0.36 %   0.28 %   0.28 %
    Allowance for credit losses on loans to non-accrual loans held for investment 2.4x 3.0x 2.4x 3.1x 3.1x
    Total allowance for credit losses to non-accrual loans held for investment 2.9x 3.6x 2.9x 3.6x 3.7x
               
    LOANS PAST DUE          
    Loans held for investment past due 90 days and still accruing $ 2,068   $ 791   $ 4,265   $ 5,281   $ 286  
    Loans held for investment past due 90 days to total loans held for investment   0.01 %   — %   0.02 %   0.02 %   — %
    Loans held for sale past due 90 days and still accruing $ —   $ —   $ —   $ —   $ 64  
               
    CRITICIZED LOANS          
    Criticized loans $ 637,462   $ 762,887   $ 713,951   $ 897,727   $ 859,671  
    Criticized loans to total loans held for investment   2.66 %   3.41 %   3.18 %   4.03 %   3.95 %
    Special mention loans $ 339,923   $ 484,165   $ 435,626   $ 579,802   $ 593,305  
    Special mention loans to total loans held for investment   1.42 %   2.16 %   1.94 %   2.60 %   2.72 %
    TEXAS CAPITAL BANCSHARES, INC.
    CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
    (dollars in thousands)
               
      2nd Quarter 1st Quarter 4th Quarter 3rd Quarter 2nd Quarter
        2025   2025 2024   2024   2024
    Interest income          
    Interest and fees on loans $ 364,358   $ 334,150 $ 340,388 $ 361,407   $ 345,251
    Investment securities   45,991     46,565   44,102   38,389     33,584
    Interest bearing deposits in other banks   29,218     46,574   53,081   52,737     43,233
    Total interest income   439,567     427,289   437,571   452,533     422,068
    Interest expense          
    Deposits   174,798     174,936   189,061   190,255     181,280
    Short-term borrowings   3,444     8,246   10,678   13,784     12,749
    Long-term debt   7,930     8,073   8,225   8,392     11,457
    Total interest expense   186,172     191,255   207,964   212,431     205,486
    Net interest income   253,395     236,034   229,607   240,102     216,582
    Provision for credit losses   15,000     17,000   18,000   10,000     20,000
    Net interest income after provision for credit losses   238,395     219,034   211,607   230,102     196,582
    Non-interest income          
    Service charges on deposit accounts   8,182     7,840   6,989   6,307     5,911
    Wealth management and trust fee income   3,730     3,964   4,009   4,040     3,699
    Brokered loan fees   2,398     1,949   2,519   2,400     2,131
    Investment banking and advisory fees   24,109     16,478   26,740   34,753     25,048
    Trading income   7,896     5,939   5,487   5,786     5,650
    Available-for-sale debt securities losses   (1,886 )   —   —   (179,581 )   —
    Other   9,640     8,274   8,330   11,524     7,985
    Total non-interest income   54,069     44,444   54,074   (114,771 )   50,424
    Non-interest expense          
    Salaries and benefits   120,154     131,641   97,873   121,138     118,840
    Occupancy expense   12,144     10,844   11,926   12,937     10,666
    Marketing   3,624     5,009   4,454   5,863     5,996
    Legal and professional   11,069     14,989   15,180   11,135     11,273
    Communications and technology   24,314     23,642   24,007   25,951     22,013
    Federal Deposit Insurance Corporation insurance assessment   5,096     5,341   4,454   4,906     5,570
    Other   13,875     11,554   14,265   13,394     14,051
    Total non-interest expense   190,276     203,020   172,159   195,324     188,409
    Income/(loss) before income taxes   102,188     60,458   93,522   (79,993 )   58,597
    Income tax expense/(benefit)   24,860     13,411   22,499   (18,674 )   16,935
    Net income/(loss)   77,328     47,047   71,023   (61,319 )   41,662
    Preferred stock dividends   4,312     4,313   4,312   4,313     4,312
    Net income/(loss) available to common shareholders $ 73,016   $ 42,734 $ 66,711 $ (65,632 ) $ 37,350
    TEXAS CAPITAL BANCSHARES, INC.
    TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)(1)
    (dollars in thousands)
      2nd Quarter 2025   1st Quarter 2025   2nd Quarter 2024   YTD June 30, 2025   YTD June 30, 2024
      Average
    Balance    		 Income/
    Expense    		 Yield/
    Rate    		   Average
    Balance    		 Income/
    Expense    		 Yield/
    Rate    		   Average
    Balance    		 Income/
    Expense    		 Yield/
    Rate    		   Average
    Balance    		 Income/
    Expense    		 Yield/
    Rate    		   Average
    Balance    		 Income/
    Expense    		 Yield/
    Rate
    Assets                                      
    Investment securities(2) $ 4,573,164 $ 45,999 3.93 %   $ 4,463,876 $ 46,565 4.10 %   $ 4,427,023 $ 33,584 2.80 %   $ 4,518,822 $ 92,564 4.01 %   $ 4,363,195 $ 65,728 2.79 %
    Interest bearing cash and cash equivalents   2,661,037   29,218 4.40 %     4,255,796   46,574 4.44 %     3,273,069   43,233 5.31 %     3,454,011   75,792 4.43 %     3,662,348   97,588 5.36 %
    Loans held for sale   —   — — %     335   2 2.97 %     28,768   683 9.55 %     167   2 2.97 %     39,966   1,867 9.40 %
    Loans held for investment, mortgage finance   5,327,559   58,707 4.42 %     3,972,106   38,527 3.93 %     4,357,288   42,722 3.94 %     4,653,577   97,234 4.21 %     3,937,498   74,177 3.79 %
    Loans held for investment(3)   18,018,626   306,142 6.81 %     17,527,070   296,091 6.85 %     16,750,788   301,910 7.25 %     17,774,206   602,233 6.83 %     16,636,438   600,216 7.26 %
    Less: Allowance for credit losses on loans   278,035   — — %     272,758   — —       263,145   — — %     275,411   — —       256,541   — —  
    Loans held for investment, net   23,068,150   364,849 6.34 %     21,226,418   334,618 6.39 %     20,844,931   344,632 6.65 %     22,152,372   699,467 6.37 %     20,317,395   674,393 6.68 %
    Total earning assets   30,302,351   440,066 5.80 %     29,946,425   427,759 5.76 %     28,573,791   422,132 5.86 %     30,125,372   867,825 5.78 %     28,382,904   839,576 5.87 %
    Cash and other assets   1,117,118         1,157,184         1,177,061         1,137,040         1,117,763    
    Total assets $ 31,419,469       $ 31,103,609       $ 29,750,852       $ 31,262,412       $ 29,500,667    
                                           
    Liabilities and Stockholders’ Equity                                      
    Transaction deposits $ 2,213,037 $ 13,731 2.49 %   $ 2,163,250 $ 13,908 2.61 %   $ 2,061,622 $ 16,982 3.31 %   $ 2,188,282 $ 27,639 2.55 %   $ 2,034,057 $ 33,840 3.35 %
    Savings deposits   13,727,095   134,272 3.92 %     13,357,243   133,577 4.06 %     11,981,668   143,173 4.81 %     13,543,190   267,849 3.99 %     11,695,673   279,963 4.81 %
    Time deposits   2,361,525   26,795 4.55 %     2,329,384   27,451 4.78 %     1,658,899   21,125 5.12 %     2,345,543   54,246 4.66 %     1,689,112   43,077 5.13 %
    Total interest bearing deposits   18,301,657   174,798 3.83 %     17,849,877   174,936 3.97 %     15,702,189   181,280 4.64 %     18,077,015   349,734 3.90 %     15,418,842   356,880 4.65 %
    Short-term borrowings   306,176   3,444 4.51 %     751,500   8,246 4.45 %     927,253   12,749 5.53 %     527,608   11,690 4.47 %     919,670   25,532 5.58 %
    Long-term debt   649,469   7,930 4.90 %     660,445   8,073 4.96 %     778,401   11,457 5.92 %     654,927   16,003 4.93 %     818,955   25,443 6.25 %
    Total interest bearing liabilities   19,257,302   186,172 3.88 %     19,261,822   191,255 4.03 %     17,407,843   205,486 4.75 %     19,259,550   377,427 3.95 %     17,157,467   407,855 4.78 %
    Non-interest bearing deposits   8,191,402         7,875,244         8,647,594         8,034,196         8,642,685    
    Other liabilities   475,724         552,154         537,754         513,728         523,520    
    Stockholders’ equity   3,495,041         3,414,389         3,157,661         3,454,938         3,176,995    
    Total liabilities and stockholders’ equity $ 31,419,469       $ 31,103,609       $ 29,750,852       $ 31,262,412       $ 29,500,667    
    Net interest income   $ 253,894       $ 236,504       $ 216,646       $ 490,398       $ 431,721  
    Net interest margin     3.35 %       3.19 %       3.01 %       3.27 %       3.02 %

    (1) Taxable equivalent rates used where applicable.
    (2) Yields on investment securities are calculated using available-for-sale securities at amortized cost.
    (3) Average balances include non-accrual loans.

    GAAP TO NON-GAAP RECONCILIATIONS

    The following items are non-GAAP financial measures: adjusted non-interest income, adjusted non-interest expense, adjusted net income, adjusted net income available to common stockholders, adjusted pre-provision net revenue (“PPNR”), adjusted diluted earnings/(loss) per common share, adjusted return on average assets, adjusted return on average common equity, adjusted efficiency ratio, adjusted non-interest income to average earning assets and adjusted non-interest expense to average earning assets. These are not measures recognized under GAAP and therefore are considered non-GAAP financial measures. The table below provides a reconciliation of these non-GAAP financial measures to the most comparable GAAP measures.

    These non-GAAP financial measures are adjusted for certain items, listed below, that management believes are non-operating in nature and not representative of its actual operating performance. Management believes that these non-GAAP financial measures provide meaningful additional information about Texas Capital Bancshares, Inc. to assist management and investors in evaluating operating results, financial strength, business performance and capital position. Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied and are not audited. As such, these non-GAAP financial measures should not be considered in isolation or as a substitute for analyses of operating results or capital position as reported under GAAP.

    Reconciliation of Non-GAAP Financial Measures      
    (dollars in thousands except per share data) 2nd Quarter
    2025    		 1st Quarter
    2025    		 4th Quarter
    2024    		 3rd Quarter
    2024    		 2nd Quarter
    2024
    Net interest income $ 253,395   $ 236,034   $ 229,607   $ 240,102   $ 216,582  
               
    Non-interest income   54,069     44,444     54,074     (114,771 )   50,424  
    Available-for-sale debt securities losses, net   1,886     —     —     179,581     —  
    Non-interest income, adjusted   55,955     44,444     54,074     64,810     50,424  
               
    Non-interest expense   190,276     203,020     172,159     195,324     188,409  
    FDIC special assessment   —     —     —     651     (462 )
    Restructuring expenses   (1,401 )   —     —     (5,923 )   —  
    Non-interest expense, adjusted   188,875     203,020     172,159     190,052     187,947  
               
    Provision for credit losses   15,000     17,000     18,000     10,000     20,000  
               
    Income tax expense/(benefit)   24,860     13,411     22,499     (18,674 )   16,935  
    Tax effect of adjustments   774     —     —     44,880     104  
    Income tax expense/(benefit), adjusted   25,634     13,411     22,499     26,206     17,039  
               
    Net income/(loss)(1) $ 77,328   $ 47,047   $ 71,023   $ (61,319 ) $ 41,662  
    Net income/(loss), adjusted(1) $ 79,841   $ 47,047   $ 71,023   $ 78,654   $ 42,020  
               
    Preferred stock dividends   4,312     4,313     4,312     4,313     4,312  
               
    Net income/(loss) to common stockholders(2) $ 73,016   $ 42,734   $ 66,711   $ (65,632 ) $ 37,350  
    Net income/(loss) to common stockholders, adjusted(2) $ 75,529   $ 42,734   $ 66,711   $ 74,341   $ 37,708  
               
    PPNR(3) $ 117,188   $ 77,458   $ 111,522   $ (69,993 ) $ 78,597  
    PPNR(3), adjusted $ 120,475   $ 77,458   $ 111,522   $ 114,860   $ 79,059  
               
    Weighted average common shares outstanding, diluted   46,215,394     46,616,704     46,770,961     46,608,742     46,872,498  
    Diluted earnings/(loss) per common share $ 1.58   $ 0.92   $ 1.43   $ (1.41 ) $ 0.80  
    Diluted earnings/(loss) per common share, adjusted $ 1.63   $ 0.92   $ 1.43   $ 1.59   $ 0.80  
               
    Average total assets $ 31,419,469   $ 31,103,609   $ 32,212,087   $ 31,215,173   $ 29,750,852  
    Return on average assets   0.99 %   0.61 %   0.88 % (0.78 )%   0.56 %
    Return on average assets, adjusted   1.02 %   0.61 %   0.88 %   1.00 %   0.57 %
               
    Average common equity $ 3,195,041   $ 3,114,389   $ 3,120,933   $ 2,945,238   $ 2,857,661  
    Return on average common equity   9.17 %   5.56 %   8.50 % (8.87 )%   5.26 %
    Return on average common equity, adjusted   9.48 %   5.56 %   8.50 %   10.04 %   5.31 %
               
    Efficiency ratio(4)   61.9 %   72.4 %   60.7 %   155.8 %   70.6 %
    Efficiency ratio, adjusted(4)   61.1 %   72.4 %   60.7 %   62.3 %   70.4 %
               
    Average earning assets $ 30,302,351   $ 29,946,425   $ 31,033,803   $ 29,975,318   $ 28,573,791  
    Non-interest income to average earning assets   0.72 %   0.60 %   0.69 % (1.52 )%   0.71 %
    Non-interest income to average earning assets, adjusted   0.74 %   0.60 %   0.69 %   0.86 %   0.71 %
    Non-interest expense to average earning assets   2.52 %   2.75 %   2.21 %   2.59 %   2.65 %
    Non-interest expense to average earning assets, adjusted   2.50 %   2.75 %   2.21 %   2.52 %   2.65 %

    (1) Net interest income plus non-interest income, less non-interest expense, provision for credit losses and income tax expense/(benefit). On an adjusted basis, net interest income plus non-interest income, adjusted, less non-interest expense, adjusted, provision for credit losses and income tax expense/(benefit), adjusted.
    (2) Net income/(loss), less preferred stock dividends. On an adjusted basis, net income/(loss), adjusted, less preferred stock dividends.
    (3) Net interest income plus non-interest income, less non-interest expense. On an adjusted basis, net interest income plus non-interest income, adjusted, less non-interest expense, adjusted.
    (4) Non-interest expense divided by the sum of net interest income and non-interest income. On an adjusted basis, non-interest expense, adjusted, divided by the sum of net interest income and non-interest income, adjusted.

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