MIL-OSI Russia: The Amur Region’s exposition at the Far East Street exhibition within the framework of the Eastern Economic Forum will tell about the development of Russian-Chinese cooperation

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

The largest investment projects, industrial achievements and development prospects of the transboundary agglomeration Blagoveshchensk – Heihe will be presented by the Amur Region at the exhibition “Far East Street”, which will be held from September 3 to 9 as part of the tenth, anniversary Eastern Economic Forum in Vladivostok. The main slogan of the region is “Amur Region – the center of Russian-Chinese cooperation”. The organizer of the exhibition is the Roscongress Foundation with the support of the office of the Plenipotentiary Representative of the President of Russia in the Far Eastern Federal District.

“The Amur region is the territory of the largest infrastructure projects. To attract investments, the Amur Region is one of the leading regions. Among the largest investment projects of the region are the construction of a logistics complex, a gas -chemical cluster, an international bridge across the Amur, a cross -border cable car and modern infrastructure facilities. Projects are actively developing in the field of agriculture, energy, mining industry and forestry complex. This is the region from which Russia enters into space. Here the first civilian cosmodrome eastern cosmodrome works here. Recently, the Russian-Chinese Economic Forum “Amuraxpo“, which is the field platform of the Eastern Economic Forum, was completed. This year, the VEF takes place in the anniversary, the tenth time. The forum will be given special attention, as the development of international cooperation with friendly countries. Relations between Russia and China are an important stabilizing factor in world politics and economics. With every year, every year between every year. Our countries are more than economic and cultural. Our task is to help the region attract investors, develop partnerships with friendly countries, to build new enterprises, the quality of life of people was created, ”said the deputy chairman of the government, the Presidential Plenipotentiary Committee, and the Chairman of the Organizational Committee of the Eastern Economic Forum Yuri Trutnev.

The main color accent in the design of the Amur pavilion is red, since this color is present in the national flags of both countries – the Russian Federation and the People’s Republic of China. The facade of the building is made of red perforated panels, on which you can read individual words and phrases about the achievements of the Amur Region.

“The Eastern Economic Forum is the key event of the year for us. This unique venue allows us to conclude dozens of profitable agreements, agree on the implementation of promising investment projects in the region, and outline new directions for the region’s development. And the regional pavilion on Far East Street plays a huge role in attracting new investors, partners, and tourists. It should present all the region’s achievements, its prospects, and key projects in various fields in the most visual way possible. When developing the expositions, we try to introduce new details every year, using the most modern means, infographics, and multimedia,” said Vasily Orlov, Governor of the Amur Region.

The first floor of the Amur Region pavilion is dedicated to Russian-Chinese cooperation. The stand will present existing and prospective joint projects. Among them are the Golden Mile, an international automobile bridge and a cross-border cable car. Guests of the pavilion will be able to learn about key Russian-Chinese cultural, sports and economic events that have taken place over the past ten years. The work of the competence center created under the President’s instructions will also be shown.

The second floor of the region’s exposition is designed as a chemical laboratory, with an emphasis on polymer processing and products obtained from them. The walls will display information about the anchor projects of the region’s gas chemical industry – the Amur Gas Chemical Plant and the Amur Gas Chemical Complex. The third floor will traditionally become a meeting place for representatives of the region with partners and potential investors, a negotiation area and signing of agreements.

In addition, in a separate pavilion “Made in Amur Region”, visitors to the exhibition will be able to purchase kvass, honey, dried fruits, snacks, sausages and confectionery, green tea, as well as souvenirs from Amur craftsmen. The adjacent territory will house a tourist zone with a geodome “Tourism in Amur Region”. At the site, representatives of the Hospitality Agency of Amur Region will talk about the tourism potential of the region in an interactive space.

In honor of the 80th anniversary of the Victory in the Great Patriotic War, a thematic interactive stand will be installed near the regional pavilion. The exhibition will include unique historical materials, photographs, veterans’ memories and interactive elements allowing visitors to delve deeper into the events of those years. Also this year, a concert stage will return to the territory of the Amur Region pavilion.

The 10th Eastern Economic Forum will be held on September 3–6 at the campus of the Far Eastern Federal University in Vladivostok. During these days, the exhibition will be available to forum participants, and on September 7, 8, and 9, it will be open to everyone. The EEF is organized by the Roscongress Foundation.

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 –

July 17, 2025

MIL-OSI Russia: Government meeting (2025, No. 24).

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

1. On the allocation of budgetary allocations to the Ministry of Industry and Trade of Russia in 2025 from the reserve fund of the Government of the Russian Federation for the provision of one-time financial assistance in the form of a subsidy from the federal budget to the budget of the Republic of Tatarstan

The draft order is aimed at providing financial support for the implementation of the investment project “Complex for the production of large-tonnage LNG compressor units” in the single-industry town of Zelenodolsk.

2. On the allocation of budgetary allocations to Rosaviatsia in 2025 from the reserve fund of the Government of the Russian Federation for the purpose of providing subsidies from the federal budget to Russian airports

The draft order is aimed at partial reimbursement of expenses for ordinary activities and interest on credit agreements or loan agreements during the period of introduction of the temporary flight restriction regime to airports in the southern and central parts of Russia for December 2024 – June 2025.

3. On the allocation of budgetary allocations to the Ministry of Transport of Russia in 2025 from the reserve fund of the Government of the Russian Federation within the framework of the state program of the Russian Federation “Development of the transport system”

The funds are needed to implement the project “Construction of the Bagaevsky hydroelectric complex on the Don River. Objects of the 2nd stage (main period).”

4. On the allocation of budgetary appropriations to the Ministry of Construction of Russia in 2025 from the reserve fund of the Government of the Russian Federation for the purpose of providing another inter-budget transfer from the federal budget to the budget of the Orenburg Region

The draft order is aimed at reimbursing the regional budget for the costs incurred in financial support for the implementation of social support measures for citizens whose residential premises were lost and/or damaged as a result of the emergency caused by the spring floods of 2024.

5. On the allocation of budgetary appropriations to the Ministry of Construction of Russia in 2025 from the reserve fund of the Government of the Russian Federation for the provision of a subsidy from the federal budget within the framework of the federal project “Assistance to the development of infrastructure of the constituent entities of the Russian Federation (municipalities)” to the budget of the Saratov region for the purpose of implementing the project “Bank protection of the Volgograd reservoir on the section from the first berth to the solarium “Zaton” city of Saratov (stages 2, 3)”

The adoption of the draft order will ensure the creation of a full-fledged coastal protection belt and the use of the embankment as a center of public and cultural activity in Saratov.

6. On the allocation of budgetary appropriations from the reserve fund of the Government of the Russian Federation to the Ministry of Economic Development of Russia in 2025

The draft order is aimed at providing the Federal Corporation for the Development of Small and Medium-Sized Entrepreneurship joint-stock company with a subsidy from the federal budget for the implementation of projects aimed at developing special economic zones and single-industry municipalities of the Russian Federation (single-industry towns).

Moscow, July 16, 2025

The content of the press releases of the Department of Press Service and References is a presentation of materials submitted by federal executive bodies for discussion at a meeting of the Government of the Russian Federation.

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 –

July 17, 2025

MIL-OSI Russia: Financial news: The Bank of Russia is improving approaches to calculating standards.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

From August 18, 2025, banks will begin calculating capital adequacy standards according to new instructions from the Bank of Russia No. 220-I And No. 221-I.

The new rules imply the transition of all banks with a universal license to a finalized (more risk-sensitive) approach to calculating capital adequacy standards. The standard approach will be retained for banks with a basic license and non-bank credit institutions.

Other important changes include:

— the criteria for classifying borrowers as investment grade have been improved (in particular, a condition has been added for having a credit rating of at least “A”), to which a reduced risk weight is applied;

— differentiated risk weights have been introduced for loans to subjects and municipalities of Russia depending on the level of credit rating from Russian rating agencies, and in its absence, on the level of debt sustainability as assessed by the Ministry of Finance of Russia (in the future, it is planned to completely switch to credit ratings);

— risk weights for mortgage loans at the construction stage are equal to those used for mortgages on completed housing, and those, in turn, are calibrated based on default statistics;

— when calculating macroprudential premiums, a single multiplicative approach will be applied both for banks using approaches to risk assessment based on internal ratings and for other banks;

— further important steps have been taken to address the problem of credit concentration: firstly, under repo transactions the risk will be considered to be on the issuer of securities accepted as collateral if the borrower’s rating is below “AA”; secondly, banks will be able to transfer the concentration risk from the borrower to a reliable guarantor/surety/issuer of securities accepted as collateral.

The changes will help to more accurately assess risks, will help to level the playing field for competition, and will also support balanced growth in lending to the economy.

To make it easier for banks to adapt to the new regulations, some of the innovations will only apply to new loans, that is, those issued after August 18, 2025.

Preview photo: focal point / Shutterstock / Fotodom

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 –

July 17, 2025

MIL-OSI: Hyperscale Data Announces Preliminary Q2 2025 Revenue of $25.8 Million, Up 45% Year-over-Year

Source: GlobeNewswire (MIL-OSI)

LAS VEGAS, July 17, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced preliminary revenue of $25.8 million for the second quarter of 2025, a 45% increase compared to $17.8 million in the prior-year period. Preliminary revenue for the six months ended June 30, 2025 totaled $50.8 million. The Company reaffirms the revenue guidance for the full fiscal year ending December 31, 2025 of $125 to $135 million.

Strategic Business Highlights and Growth Drivers:

Accelerating Revenue Momentum – Growth in the second quarter was led by commercial lending and trading activity through Ault Lending, LLC, greater demand for TurnOnGreen, Inc.’s electronic power solutions and improved performance by the hotel assets held by Ault Global Real Estate Equities, Inc.
Strengthened Balance Sheet – The Company has reduced debt by over $20 million year-to-date, enhancing liquidity as Hyperscale Data prepares to advance the development of its 617,000 square-foot facility in Michigan that the Company believes will become a premier artificial intelligence (“AI”) data center.
High-Margin Software Expansion – Ongoing development of blockchain infrastructure, tokenization platforms and decentralized applications is anticipated to generate recurring, high-margin revenue beginning in late 2025.
Scaling Digital Asset Mining Infrastructure – Sentinum, Inc. (“Sentinum”) recently entered a hosting agreement with a Montana-based service provider to expand mining operations and infrastructure access.
Fintech Recovery Underway – Fintech platforms rebounded in the second quarter of 2025 after a challenging 2024, with new AI-powered features under development for future lending and trading applications.
Reconsolidation of Gresham Worldwide – Gresham Worldwide, Inc. (“Gresham Worldwide”) is expected to emerge from Chapter 11 bankruptcy proceedings as a subsidiary of the Company by October 1, 2025, at which point Hyperscale Data anticipates reconsolidating its financial results. Gresham Worldwide is projected to contribute approximately $10 million of revenue in the fourth quarter of 2025. If the reconsolidation of Gresham Worldwide had occurred on January 1, 2025, on a pro forma basis, a non-GAAP financial measure, this reconsolidation would have been expected to increase the Company’s annualized revenue for 2025 by approximately $40 million.

Assuming that the anticipated reconsolidation occurs on or before October 1, 2025, Hyperscale Data expects its full-year 2025 GAAP basis revenue guidance to be within the range of $125 million to $135 million. The table below presents a non-GAAP pro forma view of Hyperscale Data’s potential 2025 revenue, assuming Gresham had been consolidated as of January 1, 2025:

Revenue Guidance	Low End		High End
Revenue guidance	$	115,000,000	$	125,000,000
Pro forma annualized contribution from Gresham Worldwide		40,000,000		40,000,000
Pro forma total revenue	$	155,000,000	$	165,000,000

“This quarter reflects the importance of strategic focus,” said William B. Horne, CEO of Hyperscale Data. “We are growing revenue, reducing debt and building a foundation for scalable, high-margin software to become a core pillar of our business. Gresham Worldwide’s return is expected to significantly enhance our revenue profile going forward.”

The revenue figures reported are preliminary and unaudited. Final results will be included in the Company’s quarterly report on Form 10-Q for the quarter ended June 20, 2025, which is expected to be filed with the SEC on or before the required deadline.

For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors, and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

About Hyperscale Data, Inc.

Through its wholly owned subsidiary Sentinum, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, Ault Capital Group, Inc. (“ACG”), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

Hyperscale Data currently expects to divest itself of ACG (the “Divestiture”) on or about December 31, 2025, though there can be no assurance that the Divestiture will be completed during 2025. Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support high-performance computing services, though it may at that time continue to operate in the digital asset space as described in the Company’s filings with the SEC. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8- K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

Hyperscale Data Investor Contact:
IR@hyperscaledata.com or 1-888-753-2235

The MIL Network –

July 17, 2025

MIL-OSI: Hyperscale Data Announces Preliminary Q2 2025 Revenue of $25.8 Million, Up 45% Year-over-Year

Source: GlobeNewswire (MIL-OSI)

LAS VEGAS, July 17, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced preliminary revenue of $25.8 million for the second quarter of 2025, a 45% increase compared to $17.8 million in the prior-year period. Preliminary revenue for the six months ended June 30, 2025 totaled $50.8 million. The Company reaffirms the revenue guidance for the full fiscal year ending December 31, 2025 of $125 to $135 million.

Strategic Business Highlights and Growth Drivers:

Accelerating Revenue Momentum – Growth in the second quarter was led by commercial lending and trading activity through Ault Lending, LLC, greater demand for TurnOnGreen, Inc.’s electronic power solutions and improved performance by the hotel assets held by Ault Global Real Estate Equities, Inc.
Strengthened Balance Sheet – The Company has reduced debt by over $20 million year-to-date, enhancing liquidity as Hyperscale Data prepares to advance the development of its 617,000 square-foot facility in Michigan that the Company believes will become a premier artificial intelligence (“AI”) data center.
High-Margin Software Expansion – Ongoing development of blockchain infrastructure, tokenization platforms and decentralized applications is anticipated to generate recurring, high-margin revenue beginning in late 2025.
Scaling Digital Asset Mining Infrastructure – Sentinum, Inc. (“Sentinum”) recently entered a hosting agreement with a Montana-based service provider to expand mining operations and infrastructure access.
Fintech Recovery Underway – Fintech platforms rebounded in the second quarter of 2025 after a challenging 2024, with new AI-powered features under development for future lending and trading applications.
Reconsolidation of Gresham Worldwide – Gresham Worldwide, Inc. (“Gresham Worldwide”) is expected to emerge from Chapter 11 bankruptcy proceedings as a subsidiary of the Company by October 1, 2025, at which point Hyperscale Data anticipates reconsolidating its financial results. Gresham Worldwide is projected to contribute approximately $10 million of revenue in the fourth quarter of 2025. If the reconsolidation of Gresham Worldwide had occurred on January 1, 2025, on a pro forma basis, a non-GAAP financial measure, this reconsolidation would have been expected to increase the Company’s annualized revenue for 2025 by approximately $40 million.

Assuming that the anticipated reconsolidation occurs on or before October 1, 2025, Hyperscale Data expects its full-year 2025 GAAP basis revenue guidance to be within the range of $125 million to $135 million. The table below presents a non-GAAP pro forma view of Hyperscale Data’s potential 2025 revenue, assuming Gresham had been consolidated as of January 1, 2025:

Revenue Guidance	Low End		High End
Revenue guidance	$	115,000,000	$	125,000,000
Pro forma annualized contribution from Gresham Worldwide		40,000,000		40,000,000
Pro forma total revenue	$	155,000,000	$	165,000,000

“This quarter reflects the importance of strategic focus,” said William B. Horne, CEO of Hyperscale Data. “We are growing revenue, reducing debt and building a foundation for scalable, high-margin software to become a core pillar of our business. Gresham Worldwide’s return is expected to significantly enhance our revenue profile going forward.”

The revenue figures reported are preliminary and unaudited. Final results will be included in the Company’s quarterly report on Form 10-Q for the quarter ended June 20, 2025, which is expected to be filed with the SEC on or before the required deadline.

For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors, and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

About Hyperscale Data, Inc.

Through its wholly owned subsidiary Sentinum, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, Ault Capital Group, Inc. (“ACG”), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

Hyperscale Data currently expects to divest itself of ACG (the “Divestiture”) on or about December 31, 2025, though there can be no assurance that the Divestiture will be completed during 2025. Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support high-performance computing services, though it may at that time continue to operate in the digital asset space as described in the Company’s filings with the SEC. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8- K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

Hyperscale Data Investor Contact:
IR@hyperscaledata.com or 1-888-753-2235

The MIL Network –

July 17, 2025

MIL-OSI: RYVYL Announces Closing of $6.0 Million Public Offering

Source: GlobeNewswire (MIL-OSI)

SAN DIEGO, CA, July 17, 2025 (GLOBE NEWSWIRE) — RYVYL Inc. (NASDAQ: RVYL) (“RYVYL” or the “Company”), a leading innovator of payment transaction solutions leveraging electronic payment technology, announced the closing of its previously announced public offering of an aggregate of 15,384,615 shares of common stock (or prefunded warrants in lieu thereof) and warrants to purchase up to 15,384,615 shares of common stock, at a combined public offering price of $0.39 per share and accompanying warrant. The warrants have an exercise price of $0.39 per share, are immediately exercisable upon issuance, and expire on the five-year anniversary of the original issuance date.

The gross proceeds from the offering, before deducting placement agent fees and other offering expenses, are approximately $6.0 million.

Maxim Group LLC acted as the sole placement agent in connection with the offering.

A registration statement on Form S-1 (File No. 333- 284986) was filed with the U.S. Securities and Exchange Commission (“SEC”) and was declared effective by the SEC on July 14, 2025. A final prospectus relating to the offering was filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. The offering was made only by means of a prospectus forming part of the effective registration statement. Electronic copies of the prospectus relating to this offering may also be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, New York 10022, Attention: Syndicate Department, by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction or qualification under the securities laws of any such state or jurisdiction.

About RYVYL

RYVYL Inc. (NASDAQ: RVYL) was born from a passion for empowering a new way to conduct business-to-business, consumer-to-business, and peer-to-peer payment transactions around the globe. By leveraging electronic payment technology for diverse international markets, RYVYL is a leading innovator of payment transaction solutions reinventing the future of financial transactions. Since its founding as GreenBox POS in 2017 in San Diego, RYVYL has developed applications enabling an end-to-end suite of turnkey financial products with enhanced security and data privacy, world-class identity theft protection, and rapid speed to settlement. As a result, the platform can log immense volumes of immutable transactional records at the speed of the internet for first-tier partners, merchants, and consumers around the globe. www.ryvyl.com

Cautionary Note Regarding Forward-Looking Statements

This press release includes information that constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the Company’s current beliefs, assumptions and expectations regarding future events, which in turn are based on information currently available to the Company. Such forward-looking statements include statements that are characterized by future or conditional words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate” and “continue” or similar words. Factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, among other things statements regarding the completion of the offering and the satisfaction of customary closing conditions related to the offering. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition or state other forward-looking information.

By their nature, forward-looking statements address matters that are subject to risks and uncertainties. A variety of factors could cause actual events and results to differ materially from those expressed in or contemplated by the forward-looking statements. Risk factors affecting the Company are discussed in detail in the Company’s filings with the SEC, including those factors identified as “risk factors” in the preliminary prospectus related to this offering, our most recent Annual Report on Form 10-K, and subsequent Quarterly Reports on Form 10-Q. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.

IR Contact:
David Barnard, Alliance Advisors Investor Relations, 415-433-3777, ryvylinvestor@allianceadvisors.com

The MIL Network –

July 17, 2025

MIL-OSI: Lantronix Disrupts Industrial Connectivity With the Debut of Its Affordable, Award-Winning 5G Wireless Router Series

Source: GlobeNewswire (MIL-OSI)

IRVINE, Calif., July 17, 2025 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global leader in compute and connectivity IoT solutions enabling Edge AI Intelligence, today launched its new NTC-500 Series rugged industrial-grade 5G router, designed to transform the economics of enterprise mobility and connectivity. This NTC-500 Series product launch is a direct result of Lantronix’s acquisition of NetComm Wireless, validating Lantronix’s strategic investment as well as underscoring its global position as a provider of cutting-edge connectivity solutions for enterprise and industrial IoT markets.

The NTC-500 Series positions Lantronix to capitalize on the accelerating global shift toward wireless industrial infrastructure. With carrier certification, global approvals and a disruptive price point, the NTC-500 Series empowers enterprises to eliminate costly Ethernet infrastructure — potentially thousands of dollars per drop — while retaining the high-speed, low-latency performance traditionally associated with wired networks.

By addressing key pain points, such as high deployment costs, long installation timelines, limited mobility and the need to support a high density of connected end points, the NTC-500 solution opens new revenue streams across private 5G, edge computing and industrial automation markets. Its flexible, future-ready design supports a wide range of use cases, enabling customers to scale efficiently while reducing total cost of ownership.

“Lantronix has redefined the economics of industrial 5G mobility and critical connectivity,” said Daniel Quant, head of Industrial IoT Products and Business Line at Lantronix. “The NTC-500 Series delivers a rugged, globally approved and carrier-certified 5G solution at a breakthrough price point, enabling customers to scale digital transformation faster, future-proof their infrastructure investments and significantly reduce operational costs.”

Private-5G ready, the NTC-500 Series supports the n48-CBRS band, n77 & n78 and more, enabling the rapid digitization of previously stranded or mobile assets. This unlocks new levels of automation, operational agility and productivity across enterprise and industrial segments.

According to ABI Research’s 1Q 2025 Private Cellular Network Forecasts, the 5G market will grow from $2.7 billion in 2025 to $29 billion by 2030. Private 5G deployments in sectors such as manufacturing and healthcare are accelerating, driven by demand for advanced cellular capabilities in mission- and safety-critical applications.

Award-Winning 5G Wireless Router

Lantronix’s NTC-500 5G Series has not only resonated with customers and partners, but it has also earned industry-wide recognition. Lantronix’s innovation was recently honored with the 2025 Industrial IoT Product of the Year Award from IoT Evolution World, a leading authority covering IoT technologies.

“Lantronix is a worthy recipient of a 2025 Industrial IoT Product of Year Award. Its NTC-500 Series is an outstanding representative of the diverse range of innovation that’s driving the multi-billion-dollar IoT market today. It is my honor to congratulate the Lantronix team for their innovative work and superior contribution to the rapidly evolving IoT industry,” said Rich Tehrani, CEO of TMC, publisher of IoT Evolution World.

Built for High-Scale, High-Impact Deployments

Supporting the latest 3GPP Release 16 5G features, the NTC-500 Series includes 5G Non-Standalone (NSA) and 5G Standalone (SA) with 4G-LTE fallback and Dynamic 5G Slicing, which enables complex end-to-end, on-demand quality of service solutions in partnership with leading carrier networks.

Key Capabilities and Use Cases

High-Speed Data Transfer: Ultra-fast 5G data transmission for seamless communication between industrial assets and systems. Use Cases: Machine vision, remote inspections and firmware updates.
Low Latency for Real-Time Control: Near-instantaneous data, critical for robotics, AGVs, and security systems. Use Cases: Autonomous robotic arms, AGV coordination access control.
Cable-Free Connectivity for Improved Agility: Eliminate potentially thousands of dollars in cable runs, enabling flexible asset deployment. Use Cases: Modular production lines, pop-up logistics hubs, and reconfigurable warehouses.
Site-Wide Mobility for High-Density Asset Connectivity: Reliable and deterministic wireless communication across large campuses with many endpoints. Use Cases: Smart factories, AGV and Smart Forklift fleets, outdoor logistics yards.
Disruptive Price-Point: Enterprise-grade 5G at a price that expands addressable markets. Use Cases: Retail, QSR, mining, construction and cost-sensitive automation.

About Lantronix

Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth industries including Smart Cities, Automotive and Enterprise. Lantronix’s products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that address each layer of the IoT Stack. Lantronix’s leading-edge solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.

For more information, visit the Lantronix website.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of federal securities laws, including, without limitation, statements related to Lantronix products and awards. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers’ and vendors’ supply chains due to the COVID-19 pandemic or other outbreaks, wars and recent tensions in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the Securities and Exchange Commission (the “SEC”) on Sept. 9, 2024; as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. The forward-looking statements included in this release speak only as of the date hereof, and we do not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances.

Lantronix Media Contact:
Gail Kathryn Miller
Corporate Marketing &
Communications Manager
media@lantronix.com
949-212-0960

Lantronix Analyst and Investor Contact:
investors@lantronix.com

The MIL Network –

July 17, 2025

MIL-OSI: Lantronix Disrupts Industrial Connectivity With the Debut of Its Affordable, Award-Winning 5G Wireless Router Series

Source: GlobeNewswire (MIL-OSI)

IRVINE, Calif., July 17, 2025 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global leader in compute and connectivity IoT solutions enabling Edge AI Intelligence, today launched its new NTC-500 Series rugged industrial-grade 5G router, designed to transform the economics of enterprise mobility and connectivity. This NTC-500 Series product launch is a direct result of Lantronix’s acquisition of NetComm Wireless, validating Lantronix’s strategic investment as well as underscoring its global position as a provider of cutting-edge connectivity solutions for enterprise and industrial IoT markets.

The NTC-500 Series positions Lantronix to capitalize on the accelerating global shift toward wireless industrial infrastructure. With carrier certification, global approvals and a disruptive price point, the NTC-500 Series empowers enterprises to eliminate costly Ethernet infrastructure — potentially thousands of dollars per drop — while retaining the high-speed, low-latency performance traditionally associated with wired networks.

By addressing key pain points, such as high deployment costs, long installation timelines, limited mobility and the need to support a high density of connected end points, the NTC-500 solution opens new revenue streams across private 5G, edge computing and industrial automation markets. Its flexible, future-ready design supports a wide range of use cases, enabling customers to scale efficiently while reducing total cost of ownership.

“Lantronix has redefined the economics of industrial 5G mobility and critical connectivity,” said Daniel Quant, head of Industrial IoT Products and Business Line at Lantronix. “The NTC-500 Series delivers a rugged, globally approved and carrier-certified 5G solution at a breakthrough price point, enabling customers to scale digital transformation faster, future-proof their infrastructure investments and significantly reduce operational costs.”

Private-5G ready, the NTC-500 Series supports the n48-CBRS band, n77 & n78 and more, enabling the rapid digitization of previously stranded or mobile assets. This unlocks new levels of automation, operational agility and productivity across enterprise and industrial segments.

According to ABI Research’s 1Q 2025 Private Cellular Network Forecasts, the 5G market will grow from $2.7 billion in 2025 to $29 billion by 2030. Private 5G deployments in sectors such as manufacturing and healthcare are accelerating, driven by demand for advanced cellular capabilities in mission- and safety-critical applications.

Award-Winning 5G Wireless Router

Lantronix’s NTC-500 5G Series has not only resonated with customers and partners, but it has also earned industry-wide recognition. Lantronix’s innovation was recently honored with the 2025 Industrial IoT Product of the Year Award from IoT Evolution World, a leading authority covering IoT technologies.

“Lantronix is a worthy recipient of a 2025 Industrial IoT Product of Year Award. Its NTC-500 Series is an outstanding representative of the diverse range of innovation that’s driving the multi-billion-dollar IoT market today. It is my honor to congratulate the Lantronix team for their innovative work and superior contribution to the rapidly evolving IoT industry,” said Rich Tehrani, CEO of TMC, publisher of IoT Evolution World.

Built for High-Scale, High-Impact Deployments

Supporting the latest 3GPP Release 16 5G features, the NTC-500 Series includes 5G Non-Standalone (NSA) and 5G Standalone (SA) with 4G-LTE fallback and Dynamic 5G Slicing, which enables complex end-to-end, on-demand quality of service solutions in partnership with leading carrier networks.

Key Capabilities and Use Cases

High-Speed Data Transfer: Ultra-fast 5G data transmission for seamless communication between industrial assets and systems. Use Cases: Machine vision, remote inspections and firmware updates.
Low Latency for Real-Time Control: Near-instantaneous data, critical for robotics, AGVs, and security systems. Use Cases: Autonomous robotic arms, AGV coordination access control.
Cable-Free Connectivity for Improved Agility: Eliminate potentially thousands of dollars in cable runs, enabling flexible asset deployment. Use Cases: Modular production lines, pop-up logistics hubs, and reconfigurable warehouses.
Site-Wide Mobility for High-Density Asset Connectivity: Reliable and deterministic wireless communication across large campuses with many endpoints. Use Cases: Smart factories, AGV and Smart Forklift fleets, outdoor logistics yards.
Disruptive Price-Point: Enterprise-grade 5G at a price that expands addressable markets. Use Cases: Retail, QSR, mining, construction and cost-sensitive automation.

About Lantronix

Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth industries including Smart Cities, Automotive and Enterprise. Lantronix’s products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that address each layer of the IoT Stack. Lantronix’s leading-edge solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.

For more information, visit the Lantronix website.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of federal securities laws, including, without limitation, statements related to Lantronix products and awards. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers’ and vendors’ supply chains due to the COVID-19 pandemic or other outbreaks, wars and recent tensions in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the Securities and Exchange Commission (the “SEC”) on Sept. 9, 2024; as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. The forward-looking statements included in this release speak only as of the date hereof, and we do not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances.

Lantronix Media Contact:
Gail Kathryn Miller
Corporate Marketing &
Communications Manager
media@lantronix.com
949-212-0960

Lantronix Analyst and Investor Contact:
investors@lantronix.com

The MIL Network –

July 17, 2025

MIL-OSI: OTC Markets Group Welcomes Freelancer Limited to OTCQX

Source: GlobeNewswire (MIL-OSI)

NEW YORK, July 17, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Freelancer Limited (ASX: FLN; OTCQX: FRLCY), the world’s largest freelancing and crowdsourcing marketplace by number of users and projects, has qualified to trade on the OTCQX® Best Market. Freelancer Limited upgraded to OTCQX from the Pink® market.

Freelancer Limited begins trading its ADR today on OTCQX under the symbol “FRLCY.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

About Freelancer Limited
Thirteen-time Webby award-winning Freelancer is the world’s largest freelancing and crowdsourcing marketplace by total number of users and projects posted. More than 80 million registered users have posted over 25 million projects and contests to date in over 3,000 areas as diverse as website development, logo design, marketing, copywriting, astrophysics, aerospace engineering and manufacturing. Freelancer owns Escrow.com, the leading provider of secure online payments and online transaction management for consumers and businesses on the Internet with over US$8 billion in transactions secured. Freelancer also owns Loadshift, Australia’s largest heavy haulage freight marketplace with over 800 million kilometres of freight posted since inception. Freelancer Limited is listed on the Australian Securities Exchange under the ticker ASX:FLN and is quoted on OTCQX Market under the ticker FRLCY.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our public markets: OTCQX® Best Market, OTCQB® Venture Market, OTCID™️ Basic Market and Pink Limited Market.

Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS are each SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC. To learn more about how we create better informed and more efficient markets, visit
www.otcmarkets.com.

Subscribe to the OTC Markets RSS Feed

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

The MIL Network –

July 17, 2025

MIL-OSI: Morien Receives Notice from Kameron to Explore Sale of Donkin Mine Interest

Source: GlobeNewswire (MIL-OSI)

HALIFAX, Nova Scotia, July 17, 2025 (GLOBE NEWSWIRE) — Morien Resources Corp. (“Morien” or the “Company“) (TSX-V:MOX) reports that it has received notice from Kameron Collieries ULC (“Kameron”), owner and operator of the Donkin Coal Mine (the “Donkin Mine”) in Nova Scotia, of Kameron’s intent to explore a sale of its 100% ownership in the Donkin Mine.

Under the terms of the Royalty Agreement between Morien and Kameron, Morien holds a 2-4% production royalty on coal sales from the Donkin Mine. This royalty is binding upon Kameron and successor owners of the Donkin Mine and will continue if there is a change in ownership.

The Company understands that Kameron is in the early stages of initiating the sale process and has not yet entered into any binding sale agreement with a third party. Kameron’s parent company, The Cline Group (“Cline”), has engaged U.S.-based Perella Weinberg Partners to lead the sales process.

Morien will publish further information on the sale process when it becomes available and as the process advances. There is no assurance that the sale process will result in a completed transaction, nor can Morien provide guidance on timing, transaction terms, or expected outcomes at this stage, or the impact of the sale process or any completed sale on the prospects for the Donkin Mine to restart operations.

About Morien

Morien is a Nova Scotia based, mining development company created in 2012 to be a vehicle of direct prosperity for Nova Scotians, its largest shareholder group. Led by Nova Scotians, Morien’s primary assets are a royalty on the sale of coal from Donkin in Cape Breton, Nova Scotia, and a royalty on the sale of aggregate from the permitted Black Point Project, in Guysborough County, Nova Scotia. Morien’s management team exercises ruthless discipline in managing both the assets and liabilities of the Company. The Company’s management and its Board of Directors consider shareholder returns to be paramount over corporate size, number or scale of assets and industry recognition. The Company has 51,292,000 issued and outstanding common shares and a fully diluted position of 53,992,000. Further information is available at www.MorienRes.com.

Forward-Looking Statements

Some of the statements in this news release may constitute “forward-looking information” as defined under applicable securities laws. These statements reflect Morien’s current expectations of future revenues and business prospects and opportunities and are based on information currently available to Morien. Morien cautions that actual performance will be affected by a number of factors, many of which are beyond its control, and that future events and results may vary substantially from what Morien currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include risks and uncertainties described in documents filed by Morien with the Canadian securities regulators on SEDAR+ (www.sedarplus.com) from time to time. Morien cautions that its royalty revenue will be based on production by third party property owners and operators who will be responsible for determining the manner and timing for the properties forming part of Morien’s royalty portfolio. These third party owners and operators are also subject to risk factors that could cause actual results to differ materially from those predicted herein including: volatility in financial markets or general economic conditions; capital requirements and the need for additional financing; fluctuations in the rates of exchange for the currencies of Canada and the United States; prices for commodities including coal and aggregate; unanticipated changes in production, mineral reserves and mineral resources, metallurgical recoveries and/or exploration results; changes in regulations and unpredictable political or economic developments; loss of key personnel; labour disputes; and ineffective title to mineral claims or property. There are other business risks and hazards associated with mineral exploration, development and mining. Although Morien believes that the forward-looking information contained herein is based on reasonable assumptions (including assumptions relating to economic, market and political conditions, the Company’s working capital requirements and the accuracy of information supplied by the operators of the properties in which the Company has a royalty interest), readers cannot be assured that actual results will be consistent with such statements. Morien expressly disclaims any intention or obligation to update or revise any forward-looking information in this news release, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws. All dollar values discussed herein are in Canadian dollars. Any financial outlook or future-oriented financial information in this news release, as defined by applicable securities laws, has been approved by management of Morien as of the date of this news release. Such financial outlook or future-oriented financial information is provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such outlook or information should not be used for purposes other than for which it is disclosed in this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact:

Dawson Brisco, President & CEO
Phone: (902) 403-3149
dbrisco@MorienRes.com
or
John P.A. Budreski, Executive Chairman
Phone: (416) 930-0914
www.MorienRes.com

The MIL Network –

July 17, 2025

MIL-OSI Europe: Written question – Public health risk: legionella detected in tourist facilities – E-002834/2025

Source: European Parliament

Question for written answer E-002834/2025
to the Commission
Rule 144
Galato Alexandraki (ECR)

This tourist season, alarming rates of legionella have been detected in the tap water of a number of tourist facilities, mainly in Crete. Legionellosis poses a serious threat to public health, especially in areas with high numbers of visitors and high temperatures, such as southern Europe. The national authorities carry out periodic checks, but questions arise as to the effectiveness of the implementation of Directive (EU) 2020/2184 on the quality of water.

In view of the above, can the Commission say:

1.Is the Commission aware of the presence of legionella in tourist facilities in Crete and of its rates of detection in water?
2.Will it strengthen prevention by means of stricter checks and additional financial support to Member States for monitoring and prevention systems?
3.How does it assess the adequacy of the implementation of Directive (EU) 2020/2184, and is there a single European system for recording and monitoring legionellosis in tourist areas?

Submitted: 11.7.2025

Last updated: 17 July 2025

MIL OSI Europe News –

July 17, 2025

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 –

July 17, 2025

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 –

July 17, 2025

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 –

July 17, 2025

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 –

July 17, 2025

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 –

July 17, 2025

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 –

July 17, 2025

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 –

July 17, 2025

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 –

July 17, 2025

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