GlobeNewswire – Page 32

MIL-OSI: Capital City Bank Group, Inc. Reports Second Quarter 2025 Results

Source: GlobeNewswire (MIL-OSI)

TALLAHASSEE, Fla., July 22, 2025 (GLOBE NEWSWIRE) — Capital City Bank Group, Inc. (NASDAQ: CCBG) today reported net income attributable to common shareowners of $15.0 million, or $0.88 per diluted share, for the second quarter of 2025 compared to $16.9 million, or $0.99 per diluted share, for the first quarter of 2025, and $14.2 million, or $0.83 per diluted share, for the second quarter of 2024.

QUARTER HIGHLIGHTS (2^ndQuarter 2025 versus 1^stQuarter 2025)

Income Statement

Tax-equivalent net interest income totaled $43.2 million compared to $41.6 million for the first quarter of 2025
- Net interest margin increased eight basis points to 4.30% (earning asset yield increased by six basis points and cost of funds decreased two basis points to 82 basis points)
Provision for credit losses decreased by $0.1 million to $0.6 million for the second quarter – net loan charge-offs were comparable to the first quarter of 2025 at nine basis points (annualized) of average loans – allowance coverage ratio increased to 1.13% at June 30, 2025
Noninterest income increased by $0.1 million, or 0.5%, reflecting higher deposit and bankcard fees as well as mortgage fees partially offset by lower wealth management fees
Noninterest expense increased by $3.8 million, or 9.9%, primarily due to a $3.9 million net gain from the sale of our operations center building (reflected in other expense) in the first quarter of 2025

Balance Sheet

Loan balances decreased by $13.3 million, or 0.5% (average), and decreased by $29.3 million, or 1.1% (end of period)
Deposit balances increased by $15.2 million, or 0.4% (average), and decreased by $79.0 million, or 2.1% (end of period) due to the seasonal decrease in our public fund balances
- Noninterest bearing deposits averaged 36.5% of total deposits for the second quarter and 36.2% for the year
Tangible book value per diluted share (non-GAAP financial measure) increased by $0.78, or 3.2%

“Capital City delivered another strong quarter, highlighted by sustained revenue growth and continued credit strength,” said William G. Smith, Jr, Capital City Bank Group Chairman and CEO. “Our second quarter results reflect a 3.9% increase in net interest income and an 8 basis point expansion in the net interest margin to 4.30%. Tangible book value per share increased by 3.2%, and we further strengthened our capital position, with our tangible capital ratio increasing to 10.1%. We remain focused on executing strategies that drive consistent, profitable growth, supported by a fortress balance sheet that provides resilience and strategic flexibility.”

Discussion of Operating Results

Net Interest Income/Net Interest Margin

Tax-equivalent net interest income for the second quarter of 2025 totaled $43.2 million compared to $41.6 million for the first quarter of 2025 and $39.3 million for the second quarter of 2024. Compared to the first quarter of 2025, the increase was driven by a $0.9 million increase in investment securities income and a $0.4 million increase in overnight funds income. One additional calendar day in the second quarter of 2025 contributed to the increase. Compared to the second quarter of 2024, the increase was primarily due to a $2.7 million increase in investment securities income and a $1.2 million decrease in deposit interest expense. New investment purchases at higher yields drove the increase in investment securities income for both prior period comparisons. Further, the decrease in deposit interest expense from the prior year period reflected the gradual decrease in our deposit rates, as short term rates began declining in the second half of 2024.

For the first six months of 2025, tax-equivalent net interest income totaled $84.8 million compared to $77.8 million for the same period of 2024 with the increase primarily attributable to a $4.2 million increase in investment securities income, a $1.9 million increase in overnight funds income, and a $1.4 million decrease in deposit interest expense. New investment purchases at higher yields drove the increase in investment securities income. Higher average deposit balances contributed to the increase in overnight funds income. The decrease in deposit interest expense reflected the aforementioned decrease in our deposit rates.

Our net interest margin for the second quarter of 2025 was 4.30%, an increase of eight basis points over the first quarter of 2025 and an increase of 28 basis points over the second quarter of 2024. For the month of June 2025, our net interest margin was 4.36%. For the first six months of 2025, our net interest margin increased by 25 basis points to 4.26% compared to the same period of 2024. The increase in net interest margin over all prior periods reflected a higher yield in the investment portfolio driven by new purchases at higher yields. Lower deposit cost also contributed to the improvement over both prior year periods. For the second quarter of 2025, our cost of funds was 82 basis points, a decrease of two basis points from the first quarter of 2025 and a 15-basis point decrease from the second quarter of 2024. Our cost of deposits (including noninterest bearing accounts) was 81 basis points, 82 basis points, and 95 basis points, respectively, for the same periods.

Provision for Credit Losses

We recorded a provision expense for credit losses of $0.6 million for the second quarter of 2025 compared to $0.8 million for the first quarter of 2025 and $1.2 million for the second quarter of 2024. For the first six months of 2025, we recorded a provision expense for credit losses of $1.4 million compared to $2.1 million for the first six months of 2024. Activity within the components of the provision (loans held for investment (“HFI”) and unfunded loan commitments) for each reported period is provided in the table on page 14. We discuss the various factors that impacted our provision expense for Loans HFI in further detail below under the heading Allowance for Credit Losses.

Noninterest Income and Noninterest Expense

Noninterest income for the second quarter of 2025 totaled $20.0 million compared to $19.9 million for the first quarter of 2025 and $19.6 million for the second quarter of 2024. The $0.1 million, or 0.5%, increase over the first quarter of 2025 was primarily due to a $0.4 million increase in mortgage banking revenues and a $0.3 million increase in deposit fees, partially offset by a $0.6 million decrease in wealth management fees. The increase in mortgage revenues was driven by an increase in production volume. Fee adjustments made late in the second quarter of 2025 led to the increase in deposit fees. The decrease in wealth management fees was attributable to a decrease in insurance commission revenue. Compared to the second quarter of 2024, the $0.4 million, or 2.1%, increase was primarily due to a $0.8 million increase in wealth management fees, partially offset by a $0.2 million decrease in mortgage banking revenues and a $0.1 million decrease in other income. The increase in wealth management fees reflected a $0.5 million increase in trust fees and a $0.4 million increase in retail brokerage fees, partially offset by a $0.1 million decrease in insurance commission revenue. A combination of new business, higher account valuations, and fee increases implemented in early 2025 drove the improvement in trust and retail brokerage fees.

For the first six months of 2025, noninterest income totaled $39.9 million compared to $37.7 million for the same period of 2024, primarily attributable to a $1.8 million increase in wealth management fees and a $0.7 million increase in mortgage banking revenues that was partially offset by a $0.2 million decrease in deposit fees. The increase in wealth management fees reflected increases in retail brokerage fees of $1.0 million, trust fees of $0.7 million, and insurance commission revenue of $0.1 million. The increases in retail brokerage and trust fees were attributable to a combination of new business, higher account valuations, and fee increases implemented in early 2025. The increase in mortgage banking revenues was due to a higher gain on sale margin.

Noninterest expense for the second quarter of 2025 totaled $42.5 million compared to $38.7 million for the first quarter of 2025 and $40.4 million for the second quarter of 2024. The $3.8 million, or 9.9%, increase over the first quarter of 2025, reflected a $3.3 million increase in other expense, a $0.3 million increase in occupancy expense, and a $0.2 million increase in compensation expense. The increase in other expense was driven by a $4.5 million increase in other real estate expense which reflected lower gains from the sale of banking facilities, primarily the sale of our operations center building in the first quarter of 2025, partially offset by a $0.5 million decrease in charitable contribution expense and a $0.6 million decrease in miscellaneous expense. The slight increase in occupancy expense was due to higher software maintenance agreement expense and maintenance/repairs for buildings and furniture/fixtures. The slight increase in compensation expense reflected a $0.1 million increase in salary expense and a $0.1 million increase in associate benefit expense. Compared to the second quarter of 2024, the $2.1 million, or 5.2%, increase was primarily due to a $2.1 million increase in compensation expense which reflected a $1.3 million increase in salary expense and a $0.8 million increase in associate benefit expense. The increase in salary expense was primarily due to increases in incentive plan expense of $0.9 million and base salaries of $0.4 million (merit based). The increase in associate benefit expense was attributable to a $0.6 million increase in associate insurance expense and a $0.2 million increase in stock compensation expense.

For the first six months of 2025, noninterest expense totaled $81.2 million compared to $80.6 million for the same period of 2024 with the $0.6 million, or 0.8%, increase due to a $3.9 million increase in compensation expense that was partially offset by a $3.2 million decrease in other expense and a $0.1 million decrease in occupancy expense. The increase in compensation was due to a $2.5 million increase in salary expense and a $1.4 million increase in associate benefit expense. The increase in salary expense was primarily due to increases in incentive plan expense of $1.2 million, base salaries of $0.9 million (merit based), and commissions of $0.7 million (retail brokerage and mortgage). The increase in associate benefit expense was attributable to a higher cost for associate insurance. The decrease in other expense was primarily due to a $4.5 million decrease in other real estate expense due to lower gains from the sale of banking facilities, and a $1.0 million decrease in miscellaneous expense (non-service component of pension expense), partially offset by increases in processing expense of $1.1 million (outsource of core processing system), charitable contribution expense of $0.7 million, and professional fees of $0.5 million.

Income Taxes

We realized income tax expense of $5.0 million (effective rate of 24.9%) for the second quarter of 2025 compared to $5.1 million (effective rate of 23.3%) for the first quarter of 2025 and $3.2 million (effective rate of 18.5%) for the second quarter of 2024. For the first six months of 2025, we realized income tax expense of $10.1 million (effective rate of 24.1%) compared to $6.7 million (effective rate of 20.6%) for the same period of 2024. A lower level of tax benefit accrued from a solar tax credit equity fund drove the increase in our effective tax rate for all prior period comparisons. Absent discrete items or new tax credit investments, we expect our annual effective tax rate to approximate 24% for 2025.

Discussion of Financial Condition

Earning Assets

Average earning assets totaled $4.032 billion for the second quarter of 2025, an increase of $38.1 million, or 1.0%, over the first quarter of 2025, and an increase of $110.1 million, or 2.8%, over the fourth quarter of 2024. The increase over both prior periods was driven by higher average deposit balances (see below – Deposits). Compared to the first quarter of 2025, the change in the earning asset mix reflected a $27.8 million increase in overnight funds and a $25.7 million increase in investment securities that was partially offset by a $13.3 million decrease in loans HFI and a $2.1 million decrease in loans held for sale (“HFS”). Compared to the fourth quarter of 2024, the change in the earning asset mix reflected a $92.8 million increase in investment securities and a $50.5 million increase in overnight funds sold partially offset by a $24.8 million decrease in loans HFI and a $8.4 million decrease in loans HFS.

Average loans HFI decreased by $13.3 million, or 0.5%, from the first quarter of 2025 and decreased by $24.8 million, or 0.9%, from the fourth quarter of 2024. Compared to the first quarter of 2025, the decrease was due to decreases in construction loans of $24.6 million, consumer loans (primarily indirect auto) of $1.9 million, and commercial loans of $3.4 million, partially offset by increases to residential real estate loans of $10.2 million, commercial real estate loans of $2.1 million, and home equity loans of $4.1 million. Compared to the fourth quarter of 2024, the decline was primarily attributable to decreases in construction loans of $33.2 million, commercial loans of $9.2 million, and consumer loans (primarily indirect auto) of $4.0 million, partially offset by increases in home equity loans of $10.8 million, residential real estate loans of $9.9 million, and commercial real estate loans of $1.9 million.

Loans HFI at June 30, 2025 decreased by $29.3 million, or 1.1%, from March 31, 2025 and decreased by $20.1 million, or 0.8%, from December 31, 2024. Compared to the first quarter of 2025, the decline was primarily due to decreases in construction loans of $18.2 million, consumer loans (primarily indirect auto) of $8.7 million, commercial loans of $4.4 million, and commercial real estate loans of $4.4 million, partially offset by increases in residential real estate loans of $5.8 million and home equity loans of $2.2 million. Compared to December 31, 2024, the decrease was primarily attributable to decreases in construction loans of $45.9 million, commercial loans of $9.2 million, and consumer loans (primarily indirect auto) of $2.0 million, partially offset by increases in commercial real estate loans of $23.4 million, residential real estate loans of $17.9 million, and home equity loans of $8.1 million.

Allowance for Credit Losses

At June 30, 2025, the allowance for credit losses for loans HFI totaled $29.9 million compared to $29.7 million at March 31, 2025 and $29.3 million at December 31, 2024. Activity within the allowance is provided on Page 14. The slight increase in the allowance over March 31, 2025 and December 31, 2024 was primarily attributable to qualitative factor adjustments that were partially offset by lower loan balances. Net loan charge-offs for both the second quarter of 2025 and the first quarter of 2025 were comparable at nine basis points of average loans. At June 30, 2025, the allowance represented 1.13% of loans HFI compared to 1.12% at March 31, 2025, and 1.10% at December 31, 2024.

Credit Quality

Nonperforming assets (nonaccrual loans and other real estate) totaled $6.6 million at June 30, 2025 compared to $4.4 million at March 31, 2025 and $6.7 million at December 31, 2024. At June 30, 2025, nonperforming assets as a percentage of total assets was 0.15%, compared to 0.10% at March 31, 2025 and 0.15% at December 31, 2024. Nonaccrual loans totaled $6.4 million at June 30, 2025, a $2.2 million increase over March 31, 2025 and a $0.1 million increase over December 31, 2024 with the increase over the first quarter of 2025 primarily attributable to two home equity loans totaling $1.8 million. Classified loans totaled $28.6 million at June 30, 2025, a $9.4 million increase over March 31, 2025 and a $8.7 million increase over December 31, 2024. The increase over the prior periods was primarily due to the downgrade of four residential real estate loans totaling $4.2 million and two commercial real estate loans totaling $4.3 million.

Deposits

Average total deposits were $3.681 billion for the second quarter of 2025, an increase of $15.2 million, or 0.4%, over the first quarter of 2025 and an increase of $80.3 million, or 2.2%, over the fourth quarter of 2024. Compared to the first quarter of 2025, the increase was attributable to higher core deposit balances (primarily noninterest bearing checking and money market), partially offset by a decline in public funds balances (primarily NOW accounts) due to the seasonal reduction in those balances. The increase over the fourth quarter of 2024 reflected strong growth in core deposit balances and a seasonal increase in public funds balances (primarily NOW) which are received/deposited by those clients starting in December and peak on average in the first quarter.

At June 30, 2025, total deposits were $3.705 billion, a decrease of $79.0 million, or 2.1%, from March 31, 2025, and an increase of $32.9 million, or 0.9%, over December 31, 2024. The decrease from March 31, 2025 was primarily due to a seasonal decline in public funds balances, (primarily money market and noninterest bearing). The increase over December 31, 2024 reflected higher core deposit balances, primarily noninterest bearing accounts. Public funds totaled $596.6 million at June 30, 2025, $648.0 million at March 31, 2025, and $660.9 million at December 31, 2024.

Liquidity

We maintained an average net overnight funds (i.e., deposits with banks plus FED funds sold less FED funds purchased) sold position of $348.8 million in the second quarter of 2025 compared to $320.9 million in the first quarter of 2025 and $298.3 million in the fourth quarter of 2024. Compared to both prior periods, the increase reflected higher average deposits and lower average loans.

At June 30, 2025, we had the ability to generate approximately $1.603 billion (excludes overnight funds position of $395 million) in additional liquidity through various sources including various federal funds purchased lines, Federal Home Loan Bank borrowings, the Federal Reserve Discount Window, and brokered deposits.

We also view our investment portfolio as a liquidity source, as we have the option to pledge securities in our portfolio as collateral for borrowings or deposits and/or to sell selected securities in our portfolio. Our portfolio consists of debt issued by the U.S. Treasury, U.S. governmental agencies, municipal governments, and corporate entities. At June 30, 2025, the weighted-average maturity and duration of our portfolio were 2.66 years and 2.14 years, respectively, and the available-for-sale portfolio had a net unrealized after-tax loss of $13.4 million.

Capital

Shareowners’ equity was $526.4 million at June 30, 2025 compared to $512.6 million at March 31, 2025 and $495.3 million at December 31, 2024. For the first six months of 2025, shareowners’ equity was positively impacted by net income attributable to shareowners of $31.9 million, a net $5.5 million decrease in the accumulated other comprehensive loss, the issuance of common stock of $2.8 million, and stock compensation accretion of $0.9 million. The net favorable change in accumulated other comprehensive loss reflected a $6.4 million decrease in the investment securities loss that was partially offset by a $0.9 million decrease in the fair value of the interest rate swap related to subordinated debt. Shareowners’ equity was reduced by common stock dividends of $8.2 million ($0.48 per share) and net adjustments totaling $1.8 million related to transactions under our stock compensation plans.

At June 30, 2025, our total risk-based capital ratio was 19.60% compared to 19.20% at March 31, 2025 and 18.64% at December 31, 2024. Our common equity tier 1 capital ratio was 16.81%, 16.08%, and 15.54%, respectively, on these dates. Our leverage ratio was 11.14%, 11.17%, and 11.05%, respectively, on these dates. At June 30, 2025, all our regulatory capital ratios exceeded the thresholds to be designated as “well-capitalized” under the Basel III capital standards. Further, our tangible common equity ratio (non-GAAP financial measure) was 10.09% at June 30, 2025 compared to 9.61% and 9.51% at March 31, 2025 and December 31, 2024, respectively. If the unrealized loss for held-to-maturity securities of $9.9 million (after-tax) was recognized in accumulated other comprehensive loss, our adjusted tangible capital ratio would be 9.86%.

About Capital City Bank Group, Inc.

Capital City Bank Group, Inc. (NASDAQ: CCBG) is one of the largest publicly traded financial holding companies headquartered in Florida and has approximately $4.4 billion in assets. We provide a full range of banking services, including traditional deposit and credit services, mortgage banking, asset management, trust, merchant services, bankcards, securities brokerage services, and financial advisory services, including the sale of life insurance, risk management and asset protection services. Our bank subsidiary, Capital City Bank, was founded in 1895 and now has 62 banking offices and 107 ATMs/ITMs in Florida, Georgia and Alabama. For more information about Capital City Bank Group, Inc., visit https://www.ccbg.com/.

FORWARD-LOOKING STATEMENTS

Forward-looking statements in this Press Release are based on current plans and expectations that are subject to uncertainties and risks, which could cause our future results to differ materially. The words “may,” “could,” “should,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “target,” “vision,” “goal,” and similar expressions are intended to identify forward-looking statements. The following factors, among others, could cause our actual results to differ: the effects of and changes in trade and monetary and fiscal policies and laws, including the interest rate policies of the Federal Reserve Board; inflation, interest rate, market and monetary fluctuations; local, regional, national, and international economic conditions and the impact they may have on us and our clients and our assessment of that impact; the costs and effects of legal and regulatory developments, the outcomes of legal proceedings or regulatory or other governmental inquiries, the results of regulatory examinations or reviews and the ability to obtain required regulatory approvals; the effect of changes in laws and regulations (including laws and regulations concerning taxes, banking, securities, and insurance) and their application with which we and our subsidiaries must comply; the effect of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as other accounting standard setters; the accuracy of our financial statement estimates and assumptions; changes in the financial performance and/or condition of our borrowers; changes in the mix of loan geographies, sectors and types or the level of non-performing assets and charge-offs; changes in estimates of future credit loss reserve requirements based upon the periodic review thereof under relevant regulatory and accounting requirements; changes in our liquidity position; the timely development and acceptance of new products and services and perceived overall value of these products and services by users; changes in consumer spending, borrowing, and saving habits; greater than expected costs or difficulties related to the integration of new products and lines of business; technological changes; the costs and effects of cyber incidents or other failures, interruptions, or security breaches of our systems or those of our customers or third-party providers; acquisitions and integration of acquired businesses; impairment of our goodwill or other intangible assets; changes in the reliability of our vendors, internal control systems, or information systems; our ability to increase market share and control expenses; our ability to attract and retain qualified employees; changes in our organization, compensation, and benefit plans; the soundness of other financial institutions; volatility and disruption in national and international financial and commodity markets; changes in the competitive environment in our markets and among banking organizations and other financial service providers; government intervention in the U.S. financial system; the effects of natural disasters (including hurricanes), widespread health emergencies (including pandemics), military conflict, terrorism, civil unrest, climate change or other geopolitical events; our ability to declare and pay dividends; structural changes in the markets for origination, sale and servicing of residential mortgages; any inability to implement and maintain effective internal control over financial reporting and/or disclosure control; negative publicity and the impact on our reputation; and the limited trading activity and concentration of ownership of our common stock. Additional factors can be found in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and our other filings with the SEC, which are available at the SEC’s internet site (https://www.sec.gov). Forward-looking statements in this Press Release speak only as of the date of the Press Release, and we assume no obligation to update forward-looking statements or the reasons why actual results could differ, except as may be required by law.

For Information Contact:
Jep Larkin
Executive Vice President and Chief Financial Officer
850.402.8450

USE OF NON-GAAP FINANCIAL MEASURES
Unaudited

We present a tangible common equity ratio and a tangible book value per diluted share that removes the effect of goodwill and other intangibles resulting from merger and acquisition activity. We believe these measures are useful to investors because they allow investors to more easily compare our capital adequacy to other companies in the industry. Non-GAAP financial measures should not be considered alternatives to GAAP-basis financial statements and other bank holding companies may define or calculate these non-GAAP measures or similar measures differently.

The GAAP to non-GAAP reconciliations are provided below.

(Dollars in Thousands, except per share data)		Jun 30, 2025		Mar 31, 2025		Dec 31, 2024		Sep 30, 2024	Jun 30, 2024
Shareowners’ Equity (GAAP)		$	526,423	$	512,575	$	495,317	476,499	$	460,999
Less: Goodwill and Other Intangibles (GAAP)			92,693		92,733		92,773	92,813		92,853
Tangible Shareowners’ Equity (non-GAAP)	A		433,730		419,842		402,544	383,686		368,146
Total Assets (GAAP)			4,391,753		4,461,233		4,324,932	4,225,316		4,225,695
Less: Goodwill and Other Intangibles (GAAP)			92,693		92,733		92,773	92,813		92,853
Tangible Assets (non-GAAP)	B	$	4,299,060	$	4,368,500	$	4,232,159	4,132,503	$	4,132,842
Tangible Common Equity Ratio (non-GAAP)	A/B		10.09%		9.61%		9.51%	9.28%		8.91%
Actual Diluted Shares Outstanding (GAAP)	C		17,097,986		17,072,330		17,018,122	16,980,686		16,970,228
Tangible Book Value per Diluted Share (non-GAAP)	A/C	$	25.37	$	24.59	$	23.65	22.60	$	21.69

CAPITAL CITY BANK GROUP, INC.
EARNINGS HIGHLIGHTS
*Unaudited*

		Three Months Ended						Six Months Ended
(Dollars in thousands, except per share data)		Jun 30, 2025		Mar 31, 2025		Jun 30, 2024		Jun 30, 2025		Jun 30, 2024
EARNINGS
Net Income Attributable to Common Shareowners	$	15,044	$	16,858	$	14,150	$	31,902	$	26,707
Diluted Net Income Per Share	$	0.88	$	0.99	$	0.83	$	1.87	$	1.57
PERFORMANCE
Return on Average Assets (annualized)		1.38	%	1.58	%	1.33	%	1.48	%	1.27	%
Return on Average Equity (annualized)		11.44		13.32		12.23		12.36		11.66
Net Interest Margin		4.30		4.22		4.02		4.26		4.01
Noninterest Income as % of Operating Revenue		31.67		32.39		33.30		32.03		32.69
Efficiency Ratio		67.26	%	62.93	%	68.61	%	65.13	%	69.81	%
CAPITAL ADEQUACY
Tier 1 Capital		18.38	%	18.01	%	16.31	%	18.38	%	16.31	%
Total Capital		19.60		19.20		17.50		19.60		17.50
Leverage		11.14		11.17		10.51		11.14		10.51
Common Equity Tier 1		16.81		16.08		14.44		16.81		14.44
Tangible Common Equity⁽¹⁾		10.09		9.61		8.91		10.09		8.91
Equity to Assets		11.99	%	11.49	%	10.91	%	11.99	%	10.91	%
ASSET QUALITY
Allowance as % of Non-Performing Loans		463.01	%	692.10	%	529.79	%	463.01	%	529.79	%
Allowance as a % of Loans HFI		1.13		1.12		1.09		1.13		1.09
Net Charge-Offs as % of Average Loans HFI		0.09		0.09		0.18		0.09		0.20
Nonperforming Assets as % of Loans HFI and OREO		0.25		0.17		0.23		0.25		0.23
Nonperforming Assets as % of Total Assets		0.15	%	0.10	%	0.15	%	0.15	%	0.15	%
STOCK PERFORMANCE
High	$	39.82	$	38.27	$	28.58	$	39.82	$	31.34
Low		32.38		33.00		25.45		32.38		25.45
Close	$	39.35	$	35.96	$	28.44	$	39.35	$	28.44
Average Daily Trading Volume		27,397		24,486		29,861		25,988		30,433

⁽¹⁾Tangible common equity ratio is a non-GAAP financial measure. For additional information, including a reconciliation to GAAP, refer to Page 10.

CAPITAL CITY BANK GROUP, INC.
CONSOLIDATED STATEMENT OF FINANCIAL CONDITION
*Unaudited*

	2025							2024
(Dollars in thousands)	Second Quarter				First Quarter			Fourth Quarter			Third Quarter			Second Quarter
ASSETS
Cash and Due From Banks	$	78,485		$	78,521		$	70,543		$	83,431		$	75,304
Funds Sold and Interest Bearing Deposits		394,917			446,042			321,311			261,779			272,675
Total Cash and Cash Equivalents		473,402			524,563			391,854			345,210			347,979

Investment Securities Available for Sale		533,457			461,224			403,345			336,187			310,941
Investment Securities Held to Maturity		462,599			517,176			567,155			561,480			582,984
Other Equity Securities		3,242			2,315			2,399			6,976			2,537
Total Investment Securities		999,298			980,715			972,899			904,643			896,462

Loans Held for Sale (“HFS”):		19,181			21,441			28,672			31,251			24,022

Loans Held for Investment (“HFI”):
Commercial, Financial, & Agricultural		180,008			184,393			189,208			194,625			204,990
Real Estate – Construction		174,115			192,282			219,994			218,899			200,754
Real Estate – Commercial		802,504			806,942			779,095			819,955			823,122
Real Estate – Residential		1,046,368			1,040,594			1,028,498			1,023,485			1,012,541
Real Estate – Home Equity		228,201			225,987			220,064			210,988			211,126
Consumer		197,483			206,191			199,479			213,305			234,212
Other Loans		1,552			3,227			14,006			461			2,286
Overdrafts		1,259			1,154			1,206			1,378			1,192
Total Loans Held for Investment		2,631,490			2,660,770			2,651,550			2,683,096			2,690,223
Allowance for Credit Losses		(29,862	)		(29,734	)		(29,251	)		(29,836	)		(29,219	)
Loans Held for Investment, Net		2,601,628			2,631,036			2,622,299			2,653,260			2,661,004

Premises and Equipment, Net		79,906			80,043			81,952			81,876			81,414
Goodwill and Other Intangibles		92,693			92,733			92,773			92,813			92,853
Other Real Estate Owned		132			132			367			650			650
Other Assets		125,513			130,570			134,116			115,613			121,311
Total Other Assets		298,244			303,478			309,208			290,952			296,228
Total Assets	$	4,391,753		$	4,461,233		$	4,324,932		$	4,225,316		$	4,225,695
LIABILITIES
Deposits:
Noninterest Bearing Deposits	$	1,332,080		$	1,363,739		$	1,306,254		$	1,330,715		$	1,343,606
NOW Accounts		1,284,137			1,292,654			1,285,281			1,174,585			1,177,180
Money Market Accounts		408,666			445,999			404,396			401,272			413,594
Savings Accounts		504,331			511,265			506,766			507,604			514,560
Certificates of Deposit		175,639			170,233			169,280			164,901			159,624
Total Deposits		3,704,853			3,783,890			3,671,977			3,579,077			3,608,564

Repurchase Agreements		21,800			22,799			26,240			29,339			22,463
Other Short-Term Borrowings		12,741			14,401			2,064			7,929			3,307
Subordinated Notes Payable		42,582			52,887			52,887			52,887			52,887
Other Long-Term Borrowings		680			794			794			794			1,009
Other Liabilities		82,674			73,887			75,653			71,974			69,987
Total Liabilities		3,865,330			3,948,658			3,829,615			3,742,000			3,758,217

Temporary Equity		–			–			–			6,817			6,479
SHAREOWNERS’ EQUITY
Common Stock		171			171			170			169			169
Additional Paid-In Capital		39,527			38,576			37,684			36,070			35,547
Retained Earnings		487,665			476,715			463,949			454,342			445,959
Accumulated Other Comprehensive Loss, Net of Tax		(940	)		(2,887	)		(6,486	)		(14,082	)		(20,676	)
Total Shareowners’ Equity		526,423			512,575			495,317			476,499			460,999
Total Liabilities, Temporary Equity and Shareowners’ Equity	$	4,391,753		$	4,461,233		$	4,324,932		$	4,225,316		$	4,225,695
OTHER BALANCE SHEET DATA
Earning Assets	$	4,044,886		$	4,108,969		$	3,974,431		$	3,880,769		$	3,883,382
Interest Bearing Liabilities		2,450,576			2,511,032			2,447,708			2,339,311			2,344,624
Book Value Per Diluted Share	$	30.79		$	30.02		$	29.11		$	28.06		$	27.17
Tangible Book Value Per Diluted Share⁽¹⁾		25.37			24.59			23.65			22.60			21.69
Actual Basic Shares Outstanding		17,066			17,055			16,975			16,944			16,942
Actual Diluted Shares Outstanding		17,098			17,072			17,018			16,981			16,970
⁽¹⁾Tangible book value per diluted share is a non-GAAP financial measure. For additional information, including a reconciliation to GAAP, refer to Page 10.

CAPITAL CITY BANK GROUP, INC.
CONSOLIDATED STATEMENT OF OPERATIONS
*Unaudited*

		2025				2024							Six Months Ended June 30,
(Dollars in thousands, except per share data)		Second Quarter		First Quarter		Fourth Quarter			Third Quarter		Second Quarter		2025		2024
INTEREST INCOME
Loans, including Fees	$	40,872	$	40,478	$	41,453		$	41,659	$	41,138	$	81,350	$	81,821
Investment Securities		6,678		5,808		4,694			4,155		4,004		12,486		8,248
Federal Funds Sold and Interest Bearing Deposits		3,909		3,496		3,596			3,514		3,624		7,405		5,517
Total Interest Income		51,459		49,782		49,743			49,328		48,766		101,241		95,586
INTEREST EXPENSE
Deposits		7,405		7,383		7,766			8,223		8,579		14,788		16,173
Repurchase Agreements		156		164		199			221		217		320		418
Other Short-Term Borrowings		179		117		83			52		68		296		107
Subordinated Notes Payable		530		560		581			610		630		1,090		1,258
Other Long-Term Borrowings		5		11		11			11		3		16		6
Total Interest Expense		8,275		8,235		8,640			9,117		9,497		16,510		17,962
Net Interest Income		43,184		41,547		41,103			40,211		39,269		84,731		77,624
Provision for Credit Losses		620		768		701			1,206		1,204		1,388		2,124
Net Interest Income after Provision for Credit Losses		42,564		40,779		40,402			39,005		38,065		83,343		75,500
NONINTEREST INCOME
Deposit Fees		5,320		5,061		5,207			5,512		5,377		10,381		10,627
Bank Card Fees		3,774		3,514		3,697			3,624		3,766		7,288		7,386
Wealth Management Fees		5,206		5,763		5,222			4,770		4,439		10,969		9,121
Mortgage Banking Revenues		4,190		3,820		3,118			3,966		4,381		8,010		7,259
Other		1,524		1,749		1,516			1,641		1,643		3,273		3,310
Total Noninterest Income		20,014		19,907		18,760			19,513		19,606		39,921		37,703
NONINTEREST EXPENSE
Compensation		26,490		26,248		26,108			25,800		24,406		52,738		48,813
Occupancy, Net		7,071		6,793		6,893			7,098		6,997		13,864		13,991
Other		8,977		5,660		8,781			10,023		9,038		14,637		17,808
Total Noninterest Expense		42,538		38,701		41,782			42,921		40,441		81,239		80,612
OPERATING PROFIT		20,040		21,985		17,380			15,597		17,230		42,025		32,591
Income Tax Expense		4,996		5,127		4,219			2,980		3,189		10,123		6,725
Net Income		15,044		16,858		13,161			12,617		14,041		31,902		25,866
Pre-Tax (Income) Loss Attributable to Noncontrolling Interest		–		–		(71	)		501		109		–		841
NET INCOME ATTRIBUTABLE TO COMMON SHAREOWNERS	$	15,044	$	16,858	$	13,090		$	13,118	$	14,150	$	31,902	$	26,707
PER COMMON SHARE
Basic Net Income	$	0.88	$	0.99	$	0.77		$	0.77	$	0.84	$	1.87	$	1.58
Diluted Net Income		0.88		0.99		0.77			0.77		0.83		1.87		1.57
Cash Dividend	$	0.24	$	0.24	$	0.23		$	0.23	$	0.21	$	0.48	$	0.42
AVERAGE SHARES
Basic		17,056		17,027		16,946			16,943		16,931		17,042		16,941
Diluted		17,088		17,044		16,990			16,979		16,960		17,067		16,964

CAPITAL CITY BANK GROUP, INC.
ALLOWANCE FOR CREDIT LOSSES (“ACL”)
AND CREDIT QUALITY
*Unaudited*

		2025						2024									Six Months Ended June 30,
(Dollars in thousands, except per share data)		Second Quarter			First Quarter			Fourth Quarter			Third Quarter			Second Quarter			2025			2024
ACL – HELD FOR INVESTMENT LOANS
Balance at Beginning of Period	$	29,734		$	29,251		$	29,836		$	29,219		$	29,329		$	29,251		$	29,941
Transfer from Other (Assets) Liabilities		–			–			–			–			–			–			(50	)
Provision for Credit Losses		718			1,083			1,085			1,879			1,129			1,801			2,061
Net Charge-Offs (Recoveries)		590			600			1,670			1,262			1,239			1,190			2,733
Balance at End of Period	$	29,862		$	29,734		$	29,251		$	29,836		$	29,219		$	29,862		$	29,219
As a % of Loans HFI		1.13	%		1.12	%		1.10	%		1.11	%		1.09	%		1.13	%		1.09	%
As a % of Nonperforming Loans		463.01	%		692.10	%		464.14	%		452.64	%		529.79	%		463.01	%		529.79	%
ACL – UNFUNDED COMMITMENTS
Balance at Beginning of Period		1,832		$	2,155		$	2,522		$	3,139		$	3,121		$	2,155		$	3,191
Provision for Credit Losses		(94	)		(323	)		(367	)		(617	)		18			(417	)		(52	)
Balance at End of Period⁽¹⁾		1,738			1,832			2,155			2,522			3,139			1,738			3,139
ACL – DEBT SECURITIES
Provision for Credit Losses	$	(4	)	$	8		$	(17	)	$	(56	)	$	57		$	4		$	115
CHARGE-OFFS
Commercial, Financial and Agricultural	$	74		$	168		$	499		$	331		$	400		$	242		$	682
Real Estate – Construction		–			–			47			–			–			–			–
Real Estate – Commercial		–			–			–			3			–			–			–
Real Estate – Residential		49			8			44			–			–			57			17
Real Estate – Home Equity		24			–			33			23			–			24			76
Consumer		914			865			1,307			1,315			1,061			1,779			2,611
Overdrafts		437			570			574			611			571			1,007			1,209
Total Charge-Offs	$	1,498		$	1,611		$	2,504		$	2,283		$	2,032		$	3,109		$	4,595
RECOVERIES
Commercial, Financial and Agricultural	$	117		$	75		$	103		$	176		$	59		$	192		$	100
Real Estate – Construction		–			–			3			–			–			–			–
Real Estate – Commercial		6			3			33			5			19			9			223
Real Estate – Residential		65			119			28			88			23			184			60
Real Estate – Home Equity		42			9			17			59			37			51			61
Consumer		456			481			352			405			313			937			723
Overdrafts		222			324			298			288			342			546			695
Total Recoveries	$	908		$	1,011		$	834		$	1,021		$	793		$	1,919		$	1,862
NET CHARGE-OFFS (RECOVERIES)	$	590		$	600		$	1,670		$	1,262		$	1,239		$	1,190		$	2,733
Net Charge-Offs as a % of Average Loans HFI⁽²⁾		0.09	%		0.09	%		0.25	%		0.19	%		0.18	%		0.09	%		0.20	%
CREDIT QUALITY
Nonaccruing Loans	$	6,449		$	4,296		$	6,302		$	6,592		$	5,515
Other Real Estate Owned		132			132			367			650			650
Total Nonperforming Assets (“NPAs”)	$	6,581		$	4,428		$	6,669		$	7,242		$	6,165

Past Due Loans 30-89 Days	$	4,523		$	3,735		$	4,311		$	9,388		$	5,672
Classified Loans		28,623			19,194			19,896			25,501			25,566

Nonperforming Loans as a % of Loans HFI		0.25	%		0.16	%		0.24	%		0.25	%		0.21	%
NPAs as a % of Loans HFI and Other Real Estate		0.25	%		0.17	%		0.25	%		0.27	%		0.23	%
NPAs as a % of Total Assets		0.15	%		0.10	%		0.15	%		0.17	%		0.15	%

⁽¹⁾Recorded in other liabilities
⁽²⁾Annualized

CAPITAL CITY BANK GROUP, INC.
AVERAGE BALANCE AND INTEREST RATES
*Unaudited*

		Second Quarter 2025							First Quarter 2025							Fourth Quarter 2024							Third Quarter 2024							Second Quarter 2024							June 2025 YTD							June 2024 YTD
(Dollars in thousands)		Average Balance			Interest	Average Rate			Average Balance			Interest	Average Rate			Average Balance			Interest	Average Rate			Average Balance			Interest	Average Rate			Average Balance			Interest	Average Rate			Average Balance			Interest	Average Rate			Average Balance			Interest	Average Rate
ASSETS:
Loans Held for Sale	$	22,668		$	475	8.40	%	$	24,726		$	490	8.04	%	$	31,047		$	976	7.89	%	$	24,570			720	7.49	%	$	26,281		$	517	5.26	%	$	23,692		$	965	8.21	%	$	26,797		$	1,080	5.62	%
Loans Held for Investment⁽¹⁾		2,652,572			40,436	6.11			2,665,910			40,029	6.09			2,677,396			40,521	6.07			2,693,533			40,985	6.09			2,726,748			40,683	6.03			2,659,204			80,465	6.10			2,727,688			80,879	5.99

Investment Securities
Taxable Investment Securities		1,006,514			6,666	2.65			981,485			5,802	2.38			914,353			4,688	2.04			907,610			4,148	1.82			918,989			3,998	1.74			994,068			12,468	2.52			935,658			8,237	1.76
Tax-Exempt Investment Securities⁽¹⁾		1,467			17	4.50			845			9	4.32			849			9	4.31			846			10	4.33			843			9	4.36			1,158			26	4.43			850			18	4.35

Total Investment Securities		1,007,981			6,683	2.65			982,330			5,811	2.38			915,202			4,697	2.04			908,456			4,158	1.82			919,832			4,007	1.74			995,226			12,494	2.52			936,508			8,255	1.76

Federal Funds Sold and Interest Bearing Deposits		348,787			3,909	4.49			320,948			3,496	4.42			298,255			3,596	4.80			256,855			3,514	5.44			262,419			3,624	5.56			334,944			7,405	4.46			201,454			5,517	5.51

Total Earning Assets		4,032,008		$	51,503	5.12	%		3,993,914		$	49,826	5.06	%		3,921,900		$	49,790	5.05	%		3,883,414		$	49,377	5.06	%		3,935,280		$	48,831	4.99	%		4,013,066		$	101,329	5.09	%		3,892,447		$	95,731	4.94	%

Cash and Due From Banks		65,761							73,467							73,992							70,994							74,803							69,593							75,283
Allowance for Credit Losses		(30,492	)						(30,008	)						(30,107	)						(29,905	)						(29,564	)						(30,251	)						(29,797	)
Other Assets		302,984							297,660							293,884							291,359							291,669							300,336							293,473

Total Assets	$	4,370,261						$	4,335,033						$	4,259,669						$	4,215,862						$	4,272,188						$	4,352,744						$	4,231,406

LIABILITIES:
Noninterest Bearing Deposits	$	1,342,304						$	1,317,425						$	1,323,556						$	1,332,305						$	1,346,546						$	1,329,933						$	1,345,367
NOW Accounts		1,225,697		$	3,750	1.23	%		1,249,955		$	3,854	1.25	%		1,182,073		$	3,826	1.29	%		1,145,544		$	4,087	1.42	%		1,207,643		$	4,425	1.47	%		1,237,759		$	7,604	1.24	%		1,204,337		$	8,922	1.49	%
Money Market Accounts		431,774			2,340	2.17			420,059			2,187	2.11			422,615			2,526	2.38			418,625			2,694	2.56			407,387			2,752	2.72			425,949			4,527	2.14			380,489			4,737	2.50
Savings Accounts		507,950			174	0.14			507,676			176	0.14			504,859			179	0.14			512,098			180	0.14			519,374			176	0.14			507,813			350	0.14			529,374			364	0.14
Time Deposits		172,982			1,141	2.65			170,367			1,166	2.78			167,321			1,235	2.94			163,462			1,262	3.07			160,078			1,226	3.08			171,682			2,307	2.71			149,203			2,150	2.90
Total Interest Bearing Deposits		2,338,403			7,405	1.27			2,348,057			7,383	1.28			2,276,868			7,766	1.36			2,239,729			8,223	1.46			2,294,482			8,579	1.50			2,343,203			14,788	1.27			2,263,403			16,173	1.44
Total Deposits		3,680,707			7,405	0.81			3,665,482			7,383	0.82			3,600,424			7,766	0.86			3,572,034			8,223	0.92			3,641,028			8,579	0.95			3,673,136			14,788	0.81			3,608,770			16,173	0.90
Repurchase Agreements		22,557			156	2.78			29,821			164	2.23			28,018			199	2.82			27,126			221	3.24			26,999			217	3.24			26,169			320	2.47			26,362			418	3.19
Other Short-Term Borrowings		10,503			179	6.82			7,437			117	6.39			6,510			83	5.06			2,673			52	7.63			6,592			68	4.16			8,978			296	6.64			5,176			107	4.16
Subordinated Notes Payable		51,981			530	4.03			52,887			560	4.23			52,887			581	4.30			52,887			610	4.52			52,887			630	4.71			52,432			1,090	4.13			52,887			1,258	4.70
Other Long-Term Borrowings		792			5	2.41			794			11	5.68			794			11	5.57			795			11	5.55			258			3	4.31			793			16	4.04			270			6	4.56
Total Interest Bearing Liabilities		2,424,236		$	8,275	1.37	%		2,438,996		$	8,235	1.37	%		2,365,077		$	8,640	1.45	%		2,323,210		$	9,117	1.56	%		2,381,218		$	9,497	1.60	%		2,431,575		$	16,510	1.37	%		2,348,098		$	17,962	1.54	%

Other Liabilities		76,138							65,211							73,130							73,767							72,634							70,705							70,464

Total Liabilities		3,842,678							3,821,632							3,761,763							3,729,282							3,800,398							3,832,213							3,763,929
Temporary Equity		–							–							6,763							6,443							6,493							–							6,821

SHAREOWNERS’ EQUITY:		527,583							513,401							491,143							480,137							465,297							520,531							460,656

Total Liabilities, Temporary Equity and Shareowners’ Equity	$	4,370,261						$	4,335,033						$	4,259,669						$	4,215,862						$	4,272,188						$	4,352,744						$	4,231,406

Interest Rate Spread				$	43,228	3.75	%				$	41,591	3.69	%				$	41,150	3.59	%				$	40,260	3.49	%				$	39,334	3.38	%				$	84,819	3.72	%				$	77,769	3.40	%

Interest Income and Rate Earned⁽¹⁾					51,503	5.12						49,826	5.06						49,790	5.05						49,377	5.06						48,831	4.99						101,329	5.09						95,731	4.94
Interest Expense and Rate Paid⁽²⁾					8,275	0.82						8,235	0.84						8,640	0.88						9,117	0.93						9,497	0.97						16,510	0.83						17,962	0.93

Net Interest Margin				$	43,228	4.30	%				$	41,591	4.22	%				$	41,150	4.17	%				$	40,260	4.12	%				$	39,334	4.02	%				$	84,819	4.26	%				$	77,769	4.01	%

⁽¹⁾Interest and average rates are calculated on a tax-equivalent basis using a 21% Federal tax rate.
⁽²⁾Rate calculated based on average earning assets.

The MIL Network –

July 22, 2025

MIL-OSI: Bitfarms Announces Corporate Share Buyback Program

Source: GlobeNewswire (MIL-OSI)

This news release constitutes a “designated news release” for the purposes of the Company’s second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023.

TORONTO, Ontario, July 22, 2025 (GLOBE NEWSWIRE) — Bitfarms Ltd. (Nasdaq/TSX: BITF) (“Bitfarms” or the “Company”), a global energy and compute infrastructure company, today announced that the Board of Directors has approved effective immediately the commencement of a corporate share buyback program. Toronto Stock Exchange (the “TSX”) has accepted the notice filed by the Company to establish a normal course issuer bid program (the “Program”).

Under the Program, the Company is authorized to purchase up to 49,943,031 of its common shares (out of the 557,548,857 common shares outstanding as at July 14, 2025) representing up to 10% of the Company’s public float of 499,430,313 common shares, during the period starting on July 28, 2025 and ending on July 27, 2026.

CEO Ben Gagnon stated, “We believe that Bitfarms’ shares are currently undervalued because our Bitcoin business is underappreciated by the market, with little to no value being associated with our HPC potential. This Program demonstrates our confidence in Bitfarms’ business, our management team, and most importantly our high-performance computing data center growth strategy. We strongly believe our unique and highly desirable energy portfolio in Pennsylvania will drive long-term, sustainable growth that is financeable and enables management to leverage its balance sheet strength to drive shareholder value with this buyback program while simultaneously pursuing growth opportunities in HPC/AI to best capitalize on our substantial US energy pipeline.”

The timing, price and volume of repurchases will depend on a variety of factors including corporate liquidity requirements and priorities, as well as general market conditions, the share price, regulatory requirements and limitations, and other factors.

Bitfarms may purchase shares, from time to time, through the facilities of the TSX and/or the Nasdaq Stock Market (the “Nasdaq”), or by such other means as may be permitted by the TSX and/or Nasdaq or under applicable law. Daily repurchases on the TSX will be limited to a maximum of 494,918 common shares, representing 25% of the average daily trading volume for the six months ended June 30, 2025 (being 1,979,673 common shares), except where purchases are made in accordance with the “block purchase exception” of the TSX rules. Purchases of common shares through the Nasdaq will be made in the normal course and will not, during the twelve-month period ending July 27, 2026 exceed, in the aggregate, 5% of the outstanding common shares as at the commencement of the Program. All shares purchased by the Company under the Program will be cancelled.

Purchases will be made by the Company in accordance with the requirements of the TSX and/or the Nasdaq and the price which the Company will pay for any such common shares will be the market price of any such common shares at the time of acquisition, or such other price as may be permitted by the TSX and/or the Nasdaq.

In connection with the Program, the Company has entered into an automatic repurchase arrangement with its designated broker to allow for purchases of its common shares during certain pre-determined blackout periods, based on Company instructions provided when not in blackout. Outside of these pre-determined blackout periods, any repurchases of common shares will be in accordance with management’s discretion, subject to applicable law. Although the Company has a present intention to acquire its common shares pursuant to the Program, the Company will not be obligated to make any purchases under said Program.

About Bitfarms Ltd.
Founded in 2017, Bitfarms is a North American energy and compute infrastructure company that develops, owns, and operates vertically integrated data centers. Bitfarms currently operates 15 data centers situated in four countries, which currently mine Bitcoin: the United States, Canada, Argentina and Paraguay.

To learn more about Bitfarms’ events, developments, and online communities:

www.bitfarms.com
https://www.facebook.com/bitfarms/
http://x.com/Bitfarms_io
https://www.instagram.com/bitfarms/
https://www.linkedin.com/company/bitfarms/

Forward-Looking Statements
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. The statements and information in this release regarding potential purchases under the Program, growth opportunities and prospects for the Company, and other statements regarding future growth, plans and objectives of the Company are forward-looking information.

Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “prospects”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. This forward-looking information is based on assumptions and estimates of management of Bitfarms at the time they were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Bitfarms to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors, risks and uncertainties include, among others: an inability to apply the Company’s data centers to HPC/AI opportunities on a profitable basis; a failure to secure long-term contracts associated with HPC/AI customers on terms which are economic or at all; the construction and operation of new facilities may not occur as currently planned, or at all; expansion of existing facilities may not materialize as currently anticipated, or at all; an inability to satisfy the Panther Creek location related milestones which are conditions to loan drawdowns under the Macquarie Group financing facility; an inability to deploy the proceeds of the Macquarie Group financing facility to generate positive returns at the Panther Creek location; the construction and operation of new facilities may not occur as currently planned, or at all; expansion of existing facilities may not materialize as currently anticipated, or at all; new miners may not perform up to expectations; revenue may not increase as currently anticipated, or at all; the ongoing ability to successfully mine digital currency is not assured; failure of the equipment upgrades to be installed and operated as planned; the availability of additional power may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the power purchase agreements and economics thereof may not be as advantageous as expected; potential environmental cost and regulatory penalties due to the operation of the former Stronghold plants which entail environmental risk and certain additional risk factors particular to the former business and operations of Stronghold including, land reclamation requirements may be burdensome and expensive, changes in tax credits related to coal refuse power generation could have a material adverse effect on the business, financial condition, results of operations and future development efforts, competition in power markets may have a material adverse effect on the results of operations, cash flows and the market value of the assets, the business is subject to substantial energy regulation and may be adversely affected by legislative or regulatory changes, as well as liability under, or any future inability to comply with, existing or future energy regulations or requirements, the operations are subject to a number of risks arising out of the threat of climate change, and environmental laws, energy transitions policies and initiatives and regulations relating to emissions and coal residue management, which could result in increased operating and capital costs and reduce the extent of business activities, operation of power generation facilities involves significant risks and hazards customary to the power industry that could have a material adverse effect on our revenues and results of operations, and there may not have adequate insurance to cover these risks and hazards, employees, contractors, customers and the general public may be exposed to a risk of injury due to the nature of the operations, limited experience with carbon capture programs and initiatives and dependence on third-parties, including consultants, contractors and suppliers to develop and advance carbon capture programs and initiatives, and failure to properly manage these relationships, or the failure of these consultants, contractors and suppliers to perform as expected, could have a material adverse effect on the business, prospects or operations; the digital currency market; the ability to successfully mine digital currency; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of hydroelectricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power to operate cryptocurrency mining assets; the risks of an increase in electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which Bitfarms operates and the potential adverse impact on profitability; future capital needs and the ability to complete current and future financings, including Bitfarms’ ability to utilize an at-the-market offering program ( “ATM Program”) and the prices at which securities may be sold in such ATM Program, as well as capital market conditions in general; share dilution resulting from an ATM Program and from other equity issuances; the risks of debt leverage and the ability to service and eventually repay the Macquarie Group financing facility; volatile securities markets impacting security pricing unrelated to operating performance; the risk that a material weakness in internal control over financial reporting could result in a misstatement of financial position that may lead to a material misstatement of the annual or interim consolidated financial statements if not prevented or detected on a timely basis; risks related to the Company ceasing to qualify as an “emerging growth company”; risks related to unsolicited investor interest, takeover proposals, shareholder activism or proxy contests relating to the election of directors; risks relating to lawsuits and other legal proceedings and challenges; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; and the adoption or expansion of any regulation or law that will prevent Bitfarms from operating its business, or make it more costly to do so. For further information concerning these and other risks and uncertainties, refer to Bitfarms’ filings on www.sedarplus.ca (which are also available on the website of the U.S. Securities and Exchange Commission (the “SEC“) at www.sec.gov), including the Company’s annual information form for the year ended December 31, 2024, management’s discussion & analysis for the year-ended December 31, 2024 and the management’s discussion and analysis for the three months ended March 31, 2025. Although Bitfarms has attempted to identify important factors that could cause actual results to differ materially from those expressed in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended, including factors that are currently unknown to or deemed immaterial by Bitfarms. There can be no assurance that such statements will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on any forward-looking information. Bitfarms does not undertake any obligation to revise or update any forward-looking information other than as required by law. Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the Toronto Stock Exchange, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Investor Relations Contact:
Laine Yonker
lyonker@bitfarms.com

Media Contact:
Caroline Brady Baker
cbaker@bitfarms.com

The MIL Network –

July 22, 2025

MIL-OSI: CW Petroleum Corp (OTCQB: CWPE) Reports Revenues for Q2-2025

Source: GlobeNewswire (MIL-OSI)

Katy, Texas, July 22, 2025 (GLOBE NEWSWIRE) — CW Petroleum Corp (OTCQB: CWPE) (the “Company”), a leading provider of Specialty Renewable and Hydrocarbon Motor Fuels, today announces to its investors and future investors unaudited financial results for Q2-2025.

Key Financial Highlights for Three Months Ended June 30, 2025, Compared to Prior Year Period:

2025 Revenues of $2.14 Million vs 2024 Revenues of $2.14 Million
2025 EBITDA of $114,461 vs 2024 EBITDA of $58,173
2025 Net Income of $69,133 vs 2024 Net Income (loss) of $(5,299)

Our SEC Form 1-SA (Semiannual Report) will be published on or before September 29, 2025.

Additional accurate information about the Company can be found on the OTC Markets website at the following links and on the EDGAR filing website provided by the Securities and Exchange Commission:

CWPE Overview
CWPE Security Detail
CWPE Financials
CWPE News
CWPE Disclosures

SEC Filings

For additional information, visit our website at cwpetroleumcorp.com, email: investor@cwpetroleumcorp.com , or call 281-817-8099

About CW Petroleum Corp

CW Petroleum Corp, a Texas corporation, began operations in 2011. CW Petroleum Corp, a Wyoming corporation, was incorporated in April 2018 and has acquired the Texas corporation as a wholly-owned subsidiary. CW Petroleum Corp supplies and distributes Biodiesel, Biodiesel Blends, Renewable Gasoline, and a 92 Octane Reformulated No Ethanol Gasoline to distributors, convenience stores, marinas, and end-users. The EPA licenses the Company to create its proprietary gasoline blends. CW Petroleum Corp is licensed to distribute Diesel Fuel & Gasoline by the States of Texas, Louisiana, Oklahoma, California, Colorado, New Jersey, Maryland, Pennsylvania, and Arizona.

Forward-Looking Statements

Certain statements in this press release may contain “forward-looking statements” regarding future events and our future results. All statements other than statements of historical facts are statements that could be deemed to be forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the oil and gas markets, energy markets, and other markets in which we operate and the beliefs and assumptions of our management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “endeavors,” “strives,” “may,” or variations of such words and similar expressions are intended to identify such forward-looking statements. Readers are cautioned that these forward-looking statements are subject to a number of risks, uncertainties, and assumptions that are difficult to predict, estimate, or verify. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Such risks and uncertainties include those factors described in the Company’s most recent annual report on Form 1-K, which may be amended or supplemented by subsequent semiannual reports on Form 1-SA or other reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements. For more information, please refer to the Company’s filings with the Securities and Exchange Commission.

No Offer or Solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

The MIL Network –

July 22, 2025

MIL-OSI: Old National Bancorp Reports Second Quarter 2025 Results and Names New President and COO

Source: GlobeNewswire (MIL-OSI)

EVANSVILLE, Ind., July 22, 2025 (GLOBE NEWSWIRE) —

Old National Bancorp (NASDAQ: ONB) reports 2Q25 net income applicable to common shares of $121.4 million, diluted EPS of $0.34; $190.9 million and $0.53 on an adjusted¹basis, respectively.

CEO COMMENTARY:

“Old National’s impressive second quarter results were achieved through a strong focus on the fundamentals: Growing our balance sheet, expanding our fee-based businesses, and controlling expenses,” said Chairman and CEO Jim Ryan. “Additionally, with the successful closing of our partnership with Bremer on May 1, 2025, Old National is well-positioned for the remainder of the year, benefiting from a larger balance sheet and a stronger capital position.”

“We are thrilled to welcome Tim Burke as Old National’s President and Chief Operating Officer,” said Chairman and CEO Jim Ryan. “Tim brings nearly 30 years of extensive banking expertise to this critical role. I am confident that his infectious energy, strong strategic vision, and collaborative leadership approach will ensure that Old National continues to exceed client expectations for years to come, while also working to strengthen the communities we serve.”

SECOND QUARTER HIGHLIGHTS²:

Net Income	Net income applicable to common shares of $121.4 million; adjusted net income applicable to common shares¹ of $190.9 million
Net Income	Earnings per diluted common share (“EPS”) of $0.34; adjusted EPS¹ of $0.53

Net Interest Income/NIM	Net interest income on a fully taxable equivalent basis¹ of $521.9 million
Net Interest Income/NIM	Net interest margin on a fully taxable equivalent basis¹ (“NIM”) of 3.53%, up 26 basis points (“bps”)

Operating Performance	Pre-provision net revenue¹ (“PPNR”) of $269.6 million; adjusted PPNR¹ of $289.9 million
	Noninterest expense of $384.8 million; adjusted noninterest expense¹ of $343.6 million
	Efficiency ratio¹ of 55.8%; adjusted efficiency ratio¹ of 50.2%

Deposits and Funding	Period-end total deposits of $54.4 billion, up $13.3 billion; core deposits up $11.6 billion Period-end core deposits up 0.8% annualized excluding deposits assumed from Bremer Financial Corporation (“Bremer”)
Deposits and Funding	Granular low-cost deposit franchise; total deposit costs of 193 bps, up 2 bps

Loans and Credit Quality	End-of-period total loans³ of $48.0 billion, up $11.5 billion End-of-period loans³ up 3.7% annualized excluding loans acquired from Bremer
	Provision for credit losses⁴ (“provision”) of $106.8 million; $31.2 million excluding $75.6 million of current expected credit loss (“CECL”) Day 1 non-purchased credit deteriorated (“non-PCD”) provision expense⁵
	Net charge-offs of $26.5 million, or 24 bps of average loans; 21 bps excluding purchased credit deteriorated (“PCD”) loans that had an allowance at acquisition
	30+ day delinquencies of 0.30% and nonaccrual loans of 1.24% of total loans

Return Profile & Capital	Return on average tangible common equity¹ (“ROATCE”) of 12.0%; adjusted ROATCE¹ of 18.1% Preliminary regulatory Tier 1 common equity to risk-weighted assets of 10.74%, down 88 bps

Notable Items	Closing of Bremer partnership on May 1, 2025 $75.6 million of pre-tax CECL Day 1 non-PCD provision expense⁵ $41.2 million of pre-tax merger-related charges $21.0 million of pre-tax pension plan gain⁶

¹Non-GAAP financial measure that management believes is useful in evaluating the financial results of the Company – refer to the Non-GAAP reconciliations contained in this release ²Comparisons are on a linked-quarter basis, unless otherwise noted ³Includes loans held-for-sale ⁴Includes the provision for unfunded commitments ⁵Refers to the initial increase in allowance for credit losses required on acquired non-PCD loans, including unfunded loan commitments, through the provision for credit losses ⁶Includes a gain associated with freezing benefits of the Bremer pension plan

TIM BURKE TO JOIN OLD NATIONAL AS PRESIDENT AND COO
Timothy M. Burke, Jr. will join Old National Bancorp (“Old National”) on July 22, 2025 as President and Chief Operating Officer, assuming the role previously held by Mark Sander who announced his retirement earlier this year. Mr. Burke most recently served as Executive Vice President of the Central Region and Field Enablement for the Commercial Bank for a large Midwestern super-regional bank, where he was responsible for the full range of commercial banking in 12 Midwestern markets including those in Illinois, Indiana and Michigan.

Mr. Burke’s nearly 30-year banking career has centered on serving clients and communities in the Midwest. His prior leadership experience includes roles as Northeast Ohio Market President for the same regional institution, where he was responsible for driving collaboration across all business lines including Retail, Business Banking, Commercial, Private Banking and Mortgage.

“I’m truly thrilled to join a team that’s so deeply committed to relationship banking and making a real impact on our communities,” said Burke. “Old National’s core values and mission strongly align with my personal values, positioning me well to jump into the role, take care of clients and deliver standout products and services consistently across all of our markets.”

As President and COO, Burke will be responsible for guiding the success of Old National’s Commercial, Community and Wealth segments, and Credit and Marketing teams. He and his family will reside in Evansville, Ind., and he will maintain offices in Evansville and Chicago.

RESULTS OF OPERATIONS²
Old National Bancorp reported second quarter 2025 net income applicable to common shares of $121.4 million, or $0.34 per diluted common share.

Included in second quarter results were $75.6 million of pre-tax CECL Day 1 non-PCD provision expense related to the allowance for credit losses established on acquired non-PCD loans (including unfunded loan commitments), pre-tax charges of $41.2 million for merger-related expenses, and a $21.0 million pre-tax gain associated with freezing benefits of the Bremer pension plan. Excluding these items and realized debt securities losses from the current quarter, adjusted net income¹ was $190.9 million, or $0.53 per diluted common share.

DEPOSITS AND FUNDING
Growth in core deposits driven by Bremer including public fund and business checking increases partly offset by normal seasonal outflows of retail deposits.

Period-end total deposits were $54.4 billion, up $13.3 billion; core deposits up $11.6 billion; includes $11.5 billion of period-end core deposits assumed in the Bremer transaction.
- Period-end core deposits up 0.8% annualized excluding Bremer.
On average, total deposits for the second quarter were $49.8 billion, up $9.3 billion.
Granular low-cost deposit franchise; total deposit costs of 193 bps, up 2 bps.
A loan to deposit ratio of 88%, combined with existing funding sources, provides strong liquidity.

LOANS
Loan growth driven by Bremer and strong commercial loan production; pipeline increasing.

Period-end total loans³ were $48.0 billion, up $11.5 billion; includes $11.2 billion of period end loans acquired in the Bremer transaction.
- Excluding loans³ acquired in the Bremer transaction, period-end total loans were up 3.7% annualized.
Commercial loans, excluding Bremer, grew 4.6% annualized
- Total commercial loan production in the second quarter was $2.3 billion; period-end commercial pipeline totaled $4.8 billion, up approximately 40%.
Average total loans in the second quarter were $44.1 billion, an increase of $7.8 billion.

CREDIT QUALITY
Resilient credit quality continues to be a hallmark of Old National.

Provision⁴ expense was $106.8 million; $31.2 million excluding $75.6 million of CECL Day 1 non-PCD provision expense⁵ related to the allowance for credit losses established on acquired non-PCD loans (including unfunded loan commitments) in the Bremer transaction, consistent with the prior quarter.
Net charge-offs were $26.5 million, or 24 bps of average loans, consistent with the prior quarter.
- Excluding PCD loans that had an allowance for credit losses established at acquisition, net charge-offs to average loans were 21 bps.
30+ day delinquencies as a percentage of loans were 0.30% compared to 0.22%.
Nonaccrual loans as a percentage of total loans were 1.24% compared to 1.29%.
The allowance for credit losses, including the allowance for credit losses on unfunded loan commitments, stood at $594.7 million, or 1.24% of total loans, compared to $424.0 million, or 1.16% of total loans, reflecting $75.6 million of CECL Day 1 non-PCD provision expense⁵ related to acquired non-PCD loans (including unfunded loan commitments) and $90.4 million of allowance related to acquired PCD loans.

NET INTEREST INCOME AND MARGIN
Higher reflective of larger balance sheet and higher asset yields.

Net interest income on a fully taxable equivalent basis¹ increased to $521.9 million compared to $393.0 million, driven by Bremer, loan growth, higher asset yields and more days in the quarter, partly offset by higher funding costs.
Net interest margin on a fully taxable equivalent basis¹ increased 26 bps to 3.53%.
Cost of total deposits was 1.93%, increasing 2 bps and the cost of total interest-bearing deposits increased 6 bps to 2.52%.

NONINTEREST INCOME
Increase driven by Bremer and organic growth of fee-based businesses.

Total noninterest income was $132.5 million, $111.6 million excluding a $21.0 million pre-tax gain associated with the freezing of benefits of the Bremer pension plan, compared to $93.8 million.
Excluding the pension plan gain and realized debt securities losses, noninterest income was up 18.8% driven by Bremer revenue as well as higher wealth fees, mortgage fees, and capital markets revenue.

NONINTEREST EXPENSE
Higher reflective of Bremer, disciplined expense management drives efficiency ratio lower.

Noninterest expense was $384.8 million and included $41.2 million of merger-related charges.
Excluding merger-related charges, adjusted noninterest expense¹ was $343.6 million, compared to $262.6 million, driven primarily by elevated operating costs and additional intangibles amortization, both related to the Bremer transaction.
The efficiency ratio¹ was 55.8%, while the adjusted efficiency ratio¹ was 50.2% compared to 53.7% and 51.8%, respectively.

INCOME TAXES

Income tax expense was $30.3 million, resulting in an effective tax rate of 19.5% compared to 20.3%. On an adjusted fully taxable equivalent (“FTE”) basis, the effective tax rate was 24.6% compared to 22.5%.
- The effective tax rate for the second quarter of 2025 was impacted by the Bremer transaction and the first quarter of 2025 was impacted by a $1.2 million benefit for the vesting of employee stock compensation.
Income tax expense included $5.8 million of tax credit benefit compared to $5.3 million.

CAPITAL
Capital ratios remain strong.

Preliminary total risk-based capital down 109 bps to 12.59% and preliminary regulatory Tier 1 capital down 103 bps to 11.20%, as strong retained earnings were more than offset by the Bremer transaction and loan growth.
Tangible common equity to tangible assets was 7.26%, down 6.4%.

CONFERENCE CALL AND WEBCAST
Old National will host a conference call and live webcast at 9:00 a.m. Central Time on Tuesday, July 22, 2025, to review second quarter financial results. The live audio webcast link and corresponding presentation slides will be available on the Company’s Investor Relations website at oldnational.com and will be archived there for 12 months. To listen to the live conference call, dial U.S. (800) 715-9871 or International (646) 307-1963, access code 9394540. A replay of the call will also be available from approximately noon Central Time on July 22, 2025 through August 5, 2025. To access the replay, dial U.S. (800) 770-2030 or International (647) 362-9199; Access code 9394540.

ABOUT OLD NATIONAL
Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the fifth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $71 billion of assets and $38 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2025, Points of Light named Old National one of “The Civic 50” – an honor reserved for the 50 most community-minded companies in the United States.

USE OF NON-GAAP FINANCIAL MEASURES
The Company’s accounting and reporting policies conform to U.S. generally accepted accounting principles (“GAAP”) and general practices within the banking industry. As a supplement to GAAP, the Company provides non-GAAP performance results, which the Company believes are useful because they assist investors in assessing the Company’s operating performance. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in the tables at the end of this release.

The Company presents EPS, the efficiency ratio, return on average common equity, return on average tangible common equity, and net income applicable to common shares, all adjusted for certain notable items. These items include CECL Day 1 non-PCD provision expense, merger-related charges associated with completed and pending acquisitions, a pension plan gain, debt securities gains/losses, separation expense, distribution of excess pension assets expense, and FDIC special assessment expense. Management believes excluding these items from EPS, the efficiency ratio, return on average common equity, and return on average tangible common equity may be useful in assessing the Company’s underlying operational performance since these items do not pertain to its core business operations and their exclusion may facilitate better comparability between periods. Management believes that excluding merger-related charges from these metrics may be useful to the Company, as well as analysts and investors, since these expenses can vary significantly based on the size, type, and structure of each acquisition. Additionally, management believes excluding these items from these metrics may enhance comparability for peer comparison purposes.

Income tax expense, provision for credit losses, and the certain notable items listed above are excluded from the calculation of pre-provision net revenues, adjusted due to the fluctuation in income before income tax and the level of provision for credit losses required. Management believes adjusted pre-provision net revenues may be useful in assessing the Company’s underlying operating performance and their exclusion may facilitate better comparability between periods and for peer comparison purposes.

The Company presents adjusted noninterest expense, which excludes merger-related charges associated with completed and pending acquisitions, separation expense, distribution of excess pension assets expense, and FDIC special assessment expense, as well as adjusted noninterest income, which excludes a pension plan gain and debt securities gains/losses. Management believes that excluding these items from noninterest expense and noninterest income may be useful in assessing the Company’s underlying operational performance as these items either do not pertain to its core business operations or their exclusion may facilitate better comparability between periods and for peer comparison purposes.

The tax-equivalent adjustment to net interest income and net interest margin recognizes the income tax savings when comparing taxable and tax-exempt assets. Interest income and yields on tax-exempt securities and loans are presented using the current federal income tax rate of 21%. Management believes that it is standard practice in the banking industry to present net interest income and net interest margin on a fully tax-equivalent basis and that it may enhance comparability for peer comparison purposes.

In management’s view, tangible common equity measures are capital adequacy metrics that may be meaningful to the Company, as well as analysts and investors, in assessing the Company’s use of equity and in facilitating comparisons with peers. These non-GAAP measures are valuable indicators of a financial institution’s capital strength since they eliminate intangible assets from stockholders’ equity and retain the effect of accumulated other comprehensive loss in stockholders’ equity.

Although intended to enhance investors’ understanding of the Company’s business and performance, these non-GAAP financial measures should not be considered an alternative to GAAP. In addition, these non-GAAP financial measures may differ from those used by other financial institutions to assess their business and performance. See the following reconciliations in the “Non-GAAP Reconciliations” section for details on the calculation of these measures to the extent presented herein.

FORWARD-LOOKING STATEMENTS
This earnings release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”), Section 27A of the Securities Act of 1933 and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934 and Rule 3b-6 promulgated thereunder, notwithstanding that such statements are not specifically identified as such. In addition, certain statements may be contained in our future filings with the Securities and Exchange Commission (“SEC”), in press releases, and in oral and written statements made by us that are not statements of historical fact and constitute forward‐looking statements within the meaning of the Act. These statements include, but are not limited to, descriptions of Old National’s financial condition, results of operations, asset and credit quality trends, profitability and business plans or opportunities. Forward-looking statements can be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “guidance,” “intend,” “may,” “outlook,” “plan,” “potential,” “predict,” “should,” “would,” and “will,” and other words of similar meaning. These forward-looking statements express management’s current expectations or forecasts of future events and, by their nature, are subject to risks and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those in such statements, including, but not limited to: competition; government legislation, regulations and policies, including trade and tariff policies; the ability of Old National to execute its business plan; unanticipated changes in our liquidity position, including but not limited to changes in our access to sources of liquidity and capital to address our liquidity needs; changes in economic conditions and economic and business uncertainty which could materially impact credit quality trends and the ability to generate loans and gather deposits; inflation and governmental responses to inflation, including increasing interest rates; market, economic, operational, liquidity, credit, and interest rate risks associated with our business; our ability to successfully manage our credit risk and the sufficiency of our allowance for credit losses; the expected cost savings, synergies and other financial benefits from the merger (the “Merger”) between Old National and Bremer not being realized within the expected time frames and costs or difficulties relating to integration matters being greater than expected; potential adverse reactions or changes to business or employee relationships, including those resulting from the completion of the Merger; the impact of purchase accounting with respect to the Merger, or any change in the assumptions used regarding the assets acquired and liabilities assumed to determine their fair value and credit marks; the potential impact of future business combinations on our performance and financial condition, including our ability to successfully integrate the businesses, the success of revenue-generating and cost reduction initiatives and the diversion of management’s attention from ongoing business operations and opportunities; failure or circumvention of our internal controls; operational risks or risk management failures by us or critical third parties, including without limitation with respect to data processing, information systems, cybersecurity, technological changes, vendor issues, business interruption, and fraud risks; significant changes in accounting, tax or regulatory practices or requirements; new legal obligations or liabilities; disruptive technologies in payment systems and other services traditionally provided by banks; failure or disruption of our information systems; computer hacking and other cybersecurity threats; the effects of climate change on Old National and its customers, borrowers, or service providers; the impacts of pandemics, epidemics and other infectious disease outbreaks; other matters discussed in this earnings release; and other factors identified in our Annual Report on Form 10-K for the year ended December 31, 2024 and other filings with the SEC. These forward-looking statements are based on assumptions and estimates, which although believed to be reasonable, may turn out to be incorrect. Old National does not undertake an obligation to update these forward-looking statements to reflect events or conditions after the date of this earnings release. You are advised to consult further disclosures we may make on related subjects in our filings with the SEC.

CONTACTS:
Media: Rick Jillson		Investors: Lynell Durchholz
(812) 465-7267		(812) 464-1366
Rick.Jillson@oldnational.com		Lynell.Durchholz@oldnational.com


Financial Highlights (unaudited)
($ and shares in thousands, except per share data)

	Three Months Ended															Six Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,			June 30,			June 30,
		2025			2025			2024			2024			2024			2025			2024
Income Statement
Net interest income	$	514,790		$	387,643		$	394,180		$	391,724		$	388,421		$	902,433		$	744,879
FTE adjustment^1,3		7,063			5,360			5,777			6,144			6,340			12,423			12,593
Net interest income – tax equivalent basis³		521,853			393,003			399,957			397,868			394,761			914,856			757,472
Provision for credit losses		106,835			31,403			27,017			28,497			36,214			138,238			55,105
Noninterest income		132,517			93,794			95,766			94,138			87,271			226,311			164,793
Noninterest expense		384,766			268,471			276,824			272,283			282,999			653,237			545,316
Net income available to common shareholders	$	121,375		$	140,625		$	149,839		$	139,768		$	117,196		$	262,000		$	233,446
Per Common Share Data
Weighted average diluted shares		361,436			321,016			318,803			317,331			316,461			340,250			304,207
EPS, diluted	$	0.34		$	0.44		$	0.47		$	0.44		$	0.37		$	0.77		$	0.77
Cash dividends		0.14			0.14			0.14			0.14			0.14			0.28			0.28
Dividend payout ratio²		41	%		32	%		30	%		32	%		38	%		36	%		36	%
Book value	$	20.12		$	19.71		$	19.11		$	19.20		$	18.28		$	20.12		$	18.28
Stock price		21.34			21.19			21.71			18.66			17.19			21.34			17.19
Tangible book value³		12.60			12.54			11.91			11.97			11.05			12.60			11.05
Performance Ratios
ROAA		0.77	%		1.08	%		1.14	%		1.08	%		0.92	%		0.91	%		0.95	%
ROAE		6.7	%		9.1	%		9.8	%		9.4	%		8.2	%		7.8	%		8.4	%
ROATCE³		12.0	%		15.0	%		16.4	%		16.0	%		14.1	%		13.4	%		14.5	%
NIM (FTE)³		3.53	%		3.27	%		3.30	%		3.32	%		3.33	%		3.41	%		3.31	%
Efficiency ratio³		55.8	%		53.7	%		54.4	%		53.8	%		57.2	%		54.9	%		57.7	%
NCOs to average loans		0.24	%		0.24	%		0.21	%		0.19	%		0.16	%		0.24	%		0.15	%
ACL on loans to EOP loans		1.18	%		1.10	%		1.08	%		1.05	%		1.01	%		1.18	%		1.01	%
ACL⁴ to EOP loans		1.24	%		1.16	%		1.14	%		1.12	%		1.08	%		1.24	%		1.08	%
NPLs to EOP loans		1.24	%		1.29	%		1.23	%		1.22	%		0.94	%		1.24	%		0.94	%
Balance Sheet (EOP)
Total loans	$	47,902,819		$	36,413,944		$	36,285,887		$	36,400,643		$	36,150,513		$	47,902,819		$	36,150,513
Total assets		70,979,805			53,877,944			53,552,272			53,602,293			53,119,645			70,979,805			53,119,645
Total deposits		54,357,683			41,034,572			40,823,560			40,845,746			39,999,228			54,357,683			39,999,228
Total borrowed funds		7,346,098			5,447,054			5,411,537			5,449,096			6,085,204			7,346,098			6,085,204
Total shareholders’ equity		8,126,387			6,534,654			6,340,350			6,367,298			6,075,072			8,126,387			6,075,072
Capital Ratios³
Risk-based capital ratios (EOP):
Tier 1 common equity		10.74	%		11.62	%		11.38	%		11.00	%		10.73	%		10.74	%		10.73	%
Tier 1 capital		11.20	%		12.23	%		11.98	%		11.60	%		11.33	%		11.20	%		11.33	%
Total capital		12.59	%		13.68	%		13.37	%		12.94	%		12.71	%		12.59	%		12.71	%
Leverage ratio (average assets)		9.26	%		9.44	%		9.21	%		9.05	%		8.90	%		9.26	%		8.90	%
Equity to assets (averages)		11.38	%		12.01	%		11.78	%		11.60	%		11.31	%		11.66	%		11.31	%
TCE to TA		7.26	%		7.76	%		7.41	%		7.44	%		6.94	%		7.26	%		6.94	%
Nonfinancial Data
Full-time equivalent employees		5,313			4,028			4,066			4,105			4,267			5,313			4,267
Banking centers		351			280			280			280			280			351			280
¹ Calculated using the federal statutory tax rate in effect of 21% for all periods.
² Cash dividends per common share divided by net income per common share (basic).
³ Represents a non-GAAP financial measure. Refer to the “Non-GAAP Measures” table for reconciliations to GAAP financial measures. June 30, 2025 capital ratios are preliminary.
⁴ Includes the allowance for credit losses on loans and unfunded loan commitments.

FTE – Fully taxable equivalent basis ROAA – Return on average assets ROAE – Return on average equity ROATCE – Return on average tangible common equity NCOs – Net Charge-offs ACL – Allowance for Credit Losses EOP – End of period actual balances NPLs – Non-performing Loans TCE – Tangible common equity TA – Tangible assets


Income Statement (unaudited)
($ and shares in thousands, except per share data)
	Three Months Ended															Six Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,			June 30,			June 30,
		2025			2025			2024			2024			2024			2025			2024
Interest income	$	824,961		$	630,399		$	662,082		$	679,925		$	663,663		$	1,455,360		$	1,259,644
Less: interest expense		310,171			242,756			267,902			288,201			275,242			552,927			514,765
Net interest income		514,790			387,643			394,180			391,724			388,421			902,433			744,879
Provision for credit losses		106,835			31,403			27,017			28,497			36,214			138,238			55,105
Net interest income after provision for credit losses		407,955			356,240			367,163			363,227			352,207			764,195			689,774
Wealth and investment services fees		35,817			29,648			30,012			29,117			29,358			65,465			57,662
Service charges on deposit accounts		23,878			21,156			20,577			20,350			19,350			45,034			37,248
Debit card and ATM fees		12,922			9,991			10,991			11,362			10,993			22,913			21,047
Mortgage banking revenue		10,032			6,879			7,026			7,669			7,064			16,911			11,542
Capital markets income		7,114			4,506			5,244			7,426			4,729			11,620			7,629
Company-owned life insurance		6,625			5,381			6,499			5,315			5,739			12,006			9,173
Other income		36,170			16,309			15,539			12,975			10,036			52,479			20,506
Debt securities gains (losses), net		(41	)		(76	)		(122	)		(76	)		2			(117	)		(14	)
Total noninterest income		132,517			93,794			95,766			94,138			87,271			226,311			164,793
Salaries and employee benefits		202,112			148,305			146,605			147,494			159,193			350,417			308,996
Occupancy		30,432			29,053			29,733			27,130			26,547			59,485			53,566
Equipment		12,566			8,901			9,325			9,888			8,704			21,467			17,375
Marketing		13,759			11,940			12,653			11,036			11,284			25,699			21,918
Technology		31,452			22,020			21,429			23,343			24,002			53,472			44,025
Communication		5,014			4,134			4,176			4,681			4,480			9,148			8,480
Professional fees		21,931			7,919			11,055			7,278			10,552			29,850			16,958
FDIC assessment		13,409			9,700			11,970			11,722			9,676			23,109			20,989
Amortization of intangibles		19,630			6,830			7,237			7,411			7,425			26,460			12,880
Amortization of tax credit investments		5,815			3,424			4,556			3,277			2,747			9,239			5,496
Other expense		28,646			16,245			18,085			19,023			18,389			44,891			34,633
Total noninterest expense		384,766			268,471			276,824			272,283			282,999			653,237			545,316
Income before income taxes		155,706			181,563			186,105			185,082			156,479			337,269			309,251
Income tax expense		30,298			36,904			32,232			41,280			35,250			67,202			67,738
Net income	$	125,408		$	144,659		$	153,873		$	143,802		$	121,229		$	270,067		$	241,513
Preferred dividends		(4,033	)		(4,034	)		(4,034	)		(4,034	)		(4,033	)		(8,067	)		(8,067	)
Net income applicable to common shares	$	121,375		$	140,625		$	149,839		$	139,768		$	117,196		$	262,000		$	233,446

EPS, diluted	$	0.34		$	0.44		$	0.47		$	0.44		$	0.37		$	0.77		$	0.77
Weighted Average Common Shares Outstanding
Basic		360,155			315,925			315,673			315,622			315,585			338,162			303,283
Diluted		361,436			321,016			318,803			317,331			316,461			340,250			304,207
(EOP)		391,818			319,236			318,980			318,955			318,969			391,818			318,969


End of Period Balance Sheet (unaudited)
($ in thousands)
	June 30,			March 31,			December 31,			September 30,			June 30,
		2025			2025			2024			2024			2024
Assets
Cash and due from banks	$	637,556		$	486,061		$	394,450		$	498,120		$	428,665
Money market and other interest-earning investments		1,171,015			753,719			833,518			693,450			804,381
Investments:
Treasury and government-sponsored agencies		2,445,733			2,364,170			2,289,903			2,335,716			2,207,004
Mortgage-backed securities		9,632,206			6,458,023			6,175,103			6,085,826			5,890,371
States and political subdivisions		1,590,272			1,589,555			1,637,379			1,665,128			1,678,597
Other securities		852,687			755,348			781,656			783,079			775,623
Total investments		14,520,898			11,167,096			10,884,041			10,869,749			10,551,595
Loans held-for-sale, at fair value		77,618			40,424			34,483			62,376			66,126
Loans:
Commercial		14,662,916			10,650,615			10,288,560			10,408,095			10,332,631
Commercial and agriculture real estate		21,879,785			16,135,327			16,307,486			16,356,216			16,016,958
Residential real estate		8,212,242			6,771,694			6,797,586			6,757,896			6,894,957
Consumer		3,147,876			2,856,308			2,892,255			2,878,436			2,905,967
Total loans		47,902,819			36,413,944			36,285,887			36,400,643			36,150,513
Allowance for credit losses on loans		(565,109	)		(401,932	)		(392,522	)		(380,840	)		(366,335	)
Premises and equipment, net		682,539			584,664			588,970			599,528			601,945
Goodwill and other intangible assets		2,944,372			2,289,268			2,296,098			2,305,084			2,306,204
Company-owned life insurance		1,046,693			859,211			859,851			863,723			862,032
Accrued interest receivable and other assets		2,561,404			1,685,489			1,767,496			1,690,460			1,714,519
Total assets	$	70,979,805		$	53,877,944		$	53,552,272		$	53,602,293		$	53,119,645

Liabilities and Equity
Noninterest-bearing demand deposits	$	12,652,556		$	9,186,314		$	9,399,019		$	9,429,285		$	9,336,042
Interest-bearing:
Checking and NOW accounts		9,194,738			7,736,014			7,538,987			7,314,245			7,680,865
Savings accounts		5,058,819			4,715,329			4,753,279			4,781,447			4,983,811
Money market accounts		16,564,125			11,638,653			11,807,228			11,601,461			10,485,491
Other time deposits		7,613,377			6,212,898			5,819,970			6,010,070			5,688,432
Total core deposits		51,083,615			39,489,208			39,318,483			39,136,508			38,174,641
Brokered deposits		3,274,068			1,545,364			1,505,077			1,709,238			1,824,587
Total deposits		54,357,683			41,034,572			40,823,560			40,845,746			39,999,228

Federal funds purchased and interbank borrowings		340,246			170			385			135,263			250,154
Securities sold under agreements to repurchase		297,637			290,256			268,975			244,626			240,713
Federal Home Loan Bank advances		5,835,918			4,514,354			4,452,559			4,471,153			4,744,560
Other borrowings		872,297			642,274			689,618			598,054			849,777
Total borrowed funds		7,346,098			5,447,054			5,411,537			5,449,096			6,085,204
Accrued expenses and other liabilities		1,149,637			861,664			976,825			940,153			960,141
Total liabilities		62,853,418			47,343,290			47,211,922			47,234,995			47,044,573
Preferred stock, common stock, surplus, and retained earnings		8,725,995			7,183,163			7,086,393			6,971,054			6,866,480
Accumulated other comprehensive income (loss), net of tax		(599,608	)		(648,509	)		(746,043	)		(603,756	)		(791,408	)
Total shareholders’ equity		8,126,387			6,534,654			6,340,350			6,367,298			6,075,072
Total liabilities and shareholders’ equity	$	70,979,805		$	53,877,944		$	53,552,272		$	53,602,293		$	53,119,645


Average Balance Sheet and Interest Rates (unaudited)
($ in thousands)


	Three Months Ended							Three Months Ended							Three Months Ended
	June 30, 2025							March 31, 2025							June 30, 2024
	Average			Income¹/		Yield/		Average			Income¹/		Yield/		Average			Income¹/		Yield/
Earning Assets:	Balance			Expense		Rate		Balance			Expense		Rate		Balance			Expense		Rate
Money market and other interest-earning investments	$	1,424,700		$	14,791	4.16	%	$	791,067		$	8,815	4.52	%	$	814,944		$	11,311	5.58	%
Investments:
Treasury and government-sponsored agencies		2,396,691			20,820	3.47	%		2,318,869			20,019	3.45	%		2,208,935			21,531	3.90	%
Mortgage-backed securities		8,567,318			87,734	4.10	%		6,287,825			54,523	3.47	%		5,828,225			47,904	3.29	%
States and political subdivisions		1,596,899			13,402	3.36	%		1,610,819			13,242	3.29	%		1,686,994			14,290	3.39	%
Other securities		970,581			15,770	6.50	%		770,839			10,512	5.45	%		788,571			12,583	6.38	%
Total investments		13,531,489			137,726	4.07	%		10,988,352			98,296	3.58	%		10,512,725			96,308	3.66	%
Loans:²
Commercial		13,240,876			219,446	6.63	%		10,397,991			165,595	6.37	%		10,345,098			183,425	7.09	%
Commercial and agriculture real estate		20,022,403			316,422	6.32	%		16,213,606			245,935	6.07	%		15,870,809			260,407	6.56	%
Residential real estate loans		7,792,440			88,852	4.56	%		6,815,091			67,648	3.97	%		6,952,942			67,683	3.89	%
Consumer		3,049,341			54,787	7.21	%		2,871,213			49,470	6.99	%		2,910,331			50,869	7.03	%
Total loans		44,105,060			679,507	6.16	%		36,297,901			528,648	5.83	%		36,079,180			562,384	6.24	%

Total earning assets	$	59,061,249		$	832,024	5.64	%	$	48,077,320		$	635,759	5.30	%	$	47,406,849		$	670,003	5.66	%

Less: Allowance for credit losses on loans		(404,871	)						(398,765	)						(331,043	)

Non-earning Assets:
Cash and due from banks	$	426,513						$	372,428						$	430,256
Other assets		6,403,239							5,394,600							5,341,022

Total assets	$	65,486,130						$	53,445,583						$	52,847,084

Interest-Bearing Liabilities:
Checking and NOW accounts	$	8,594,591		$	29,291	1.37	%	$	7,526,294		$	23,850	1.29	%	$	8,189,454		$	34,398	1.69	%
Savings accounts		4,968,232			3,777	0.30	%		4,692,239			3,608	0.31	%		5,044,800			5,254	0.42	%
Money market accounts		15,055,735			110,933	2.96	%		11,664,650			88,381	3.07	%		10,728,156			102,560	3.84	%
Other time deposits		7,092,124			67,204	3.80	%		5,996,108			56,485	3.82	%		5,358,103			56,586	4.25	%
Total interest-bearing core deposits		35,710,682			211,205	2.37	%		29,879,291			172,324	2.34	%		29,320,513			198,798	2.73	%
Brokered deposits		2,530,726			28,883	4.58	%		1,546,756			18,171	4.76	%		1,244,237			17,008	5.50	%
Total interest-bearing deposits		38,241,408			240,088	2.52	%		31,426,047			190,495	2.46	%		30,564,750			215,806	2.84	%

Federal funds purchased and interbank borrowings		88,603			953	4.31	%		148,130			1,625	4.45	%		148,835			1,986	5.37	%
Securities sold under agreements to repurchase		295,948			636	0.86	%		272,961			551	0.82	%		249,939			639	1.03	%
Federal Home Loan Bank advances		6,037,462			59,042	3.92	%		4,464,590			41,896	3.81	%		4,473,978			44,643	4.01	%
Other borrowings		828,214			9,452	4.58	%		675,759			8,189	4.91	%		891,609			12,168	5.49	%
Total borrowed funds		7,250,227			70,083	3.88	%		5,561,440			52,261	3.81	%		5,764,361			59,436	4.15	%

Total interest-bearing liabilities	$	45,491,635		$	310,171	2.73	%	$	36,987,487		$	242,756	2.66	%	$	36,329,111		$	275,242	3.05	%

Noninterest-Bearing Liabilities and Shareholders’ Equity
Demand deposits	$	11,568,854						$	9,096,676						$	9,558,675
Other liabilities		973,525							944,935							980,322
Shareholders’ equity		7,452,116							6,416,485							5,978,976

Total liabilities and shareholders’ equity	$	65,486,130						$	53,445,583						$	52,847,084

Net interest rate spread						2.91	%						2.64	%						2.61	%

Net interest margin (GAAP)						3.49	%						3.23	%						3.28	%

Net interest margin (FTE)³						3.53	%						3.27	%						3.33	%

FTE adjustment				$	7,063						$	5,360						$	6,340

¹ Interest income is reflected on a FTE basis.
² Includes loans held-for-sale.
³ Represents a non-GAAP financial measure. Refer to the “Non-GAAP Measures” table for reconciliations to GAAP financial measures.


Average Balance Sheet and Interest Rates (unaudited)
($ in thousands)


	Six Months Ended							Six Months Ended
	June 30, 2025							June 30, 2024
	Average			Income¹/		Yield/		Average			Income¹/		Yield/
Earning Assets:	Balance			Expense		Rate		Balance			Expense		Rate
Money market and other interest-earning investments	$	1,109,634		$	23,606	4.29	%	$	786,094		$	21,296	5.45	%
Investments:
Treasury and government-sponsored agencies		2,357,995			40,839	3.46	%		2,285,706			44,797	3.92	%
Mortgage-backed securities		7,433,868			142,257	3.83	%		5,592,655			86,792	3.10	%
States and political subdivisions		1,603,821			26,644	3.32	%		1,683,585			28,266	3.36	%
Other securities		871,262			26,282	6.03	%		779,504			24,756	6.35	%
Total investments	$	12,266,946		$	236,022	3.85	%	$	10,341,450		$	184,611	3.57	%
Loans:²
Commercial		11,827,287			385,041	6.51	%		9,942,741			350,688	7.05	%
Commercial and agriculture real estate		18,128,526			562,357	6.20	%		15,119,590			490,493	6.49	%
Residential real estate loans		7,306,465			156,500	4.28	%		6,823,378			130,686	3.83	%
Consumer		2,960,769			104,257	7.10	%		2,777,711			94,463	6.84	%
Total loans		40,223,047			1,208,155	6.01	%		34,663,420			1,066,330	6.16	%

Total earning assets	$	53,599,627		$	1,467,783	5.48	%	$	45,790,964		$	1,272,237	5.56	%

Less: Allowance for credit losses on loans		(401,835	)						(322,256	)

Non-earning Assets:
Cash and due from banks	$	399,620						$	396,466
Other assets		5,901,705							5,151,308

Total assets	$	59,499,117						$	51,016,482

Interest-Bearing Liabilities:
Checking and NOW accounts	$	8,063,393		$	53,141	1.33	%	$	7,665,327		$	59,650	1.56	%
Savings accounts		4,830,998			7,385	0.31	%		5,035,100			10,271	0.41	%
Money market accounts		13,369,560			199,314	3.01	%		10,322,808			196,773	3.83	%
Other time deposits		6,547,143			123,689	3.81	%		5,023,620			104,018	4.16	%
Total interest-bearing core deposits		32,811,094			383,529	2.36	%		28,046,855			370,712	2.66	%
Brokered deposits		2,041,459			47,054	4.65	%		1,145,744			30,533	5.36	%
Total interest-bearing deposits		34,852,553			430,583	2.49	%		29,192,599			401,245	2.76	%

Federal funds purchased and interbank borrowings		118,202			2,578	4.40	%		108,962			2,947	5.44	%
Securities sold under agreements to repurchase		284,518			1,187	0.84	%		273,088			1,556	1.15	%
Federal Home Loan Bank advances		5,255,372			100,938	3.87	%		4,430,236			85,810	3.90	%
Other borrowings		752,408			17,641	4.73	%		858,727			23,207	5.43	%
Total borrowed funds		6,410,500			122,344	3.85	%		5,671,013			113,520	4.03	%

Total interest-bearing liabilities		41,263,053			552,927	2.70	%		34,863,612			514,765	2.97	%

Noninterest-Bearing Liabilities and Shareholders’ Equity
Demand deposits	$	10,339,594						$	9,408,406
Other liabilities		959,309							972,205
Shareholders’ equity		6,937,161							5,772,259

Total liabilities and shareholders’ equity	$	59,499,117						$	51,016,482

Net interest rate spread						2.78	%						2.59	%

Net interest margin (GAAP)						3.37	%						3.25	%

Net interest margin (FTE)³						3.41	%						3.31	%

FTE adjustment				$	12,423						$	12,593

¹ Interest income is reflected on a FTE.
² Includes loans held-for-sale.
³ Represents a non-GAAP financial measure. Refer to the “Non-GAAP Measures” table for reconciliations to GAAP financial measures.


Asset Quality (EOP) (unaudited)
($ in thousands)

	Three Months Ended															Six Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,			June 30,			June 30,
		2025			2025			2024			2024			2024			2025			2024
Allowance for credit losses:
Beginning allowance for credit losses on loans	$	401,932		$	392,522		$	380,840		$	366,335		$	319,713		$	392,522		$	307,610
Allowance established for acquired PCD loans		90,442			—			—			2,803			23,922			90,442			23,922
Provision for credit losses on loans		99,263			31,026			30,417			29,176			36,745			130,289			60,598
Gross charge-offs		(29,954	)		(24,540	)		(21,278	)		(18,965	)		(17,041	)		(54,494	)		(31,061	)
Gross recoveries		3,426			2,924			2,543			1,491			2,996			6,350			5,266
NCOs		(26,528	)		(21,616	)		(18,735	)		(17,474	)		(14,045	)		(48,144	)		(25,795	)
Ending allowance for credit losses on loans	$	565,109		$	401,932		$	392,522		$	380,840		$	366,335		$	565,109		$	366,335
Beginning allowance for credit losses on unfunded commitments	$	22,031		$	21,654		$	25,054		$	25,733		$	26,264		$	21,654		$	31,226
Provision (release) for credit losses on unfunded commitments		7,572			377			(3,400	)		(679	)		(531	)		7,949			(5,493	)
Ending allowance for credit losses on unfunded commitments	$	29,603		$	22,031		$	21,654		$	25,054		$	25,733		$	29,603		$	25,733
Allowance for credit losses	$	594,712		$	423,963		$	414,176		$	405,894		$	392,068		$	594,712		$	392,068
Provision for credit losses on loans	$	99,263		$	31,026		$	30,417		$	29,176		$	36,745		$	130,289		$	60,598
Provision (release) for credit losses on unfunded commitments		7,572			377			(3,400	)		(679	)		(531	)		7,949			(5,493	)
Provision for credit losses	$	106,835		$	31,403		$	27,017		$	28,497		$	36,214		$	138,238		$	55,105
NCOs / average loans¹		0.24	%		0.24	%		0.21	%		0.19	%		0.16	%		0.24	%		0.15	%
Average loans¹	$	44,075,472		$	36,284,059		$	36,410,414		$	36,299,544		$	36,053,845		$	40,201,289		$	34,648,292
EOP loans¹		47,902,819			36,413,944			36,285,887			36,400,643			36,150,513			47,902,819			36,150,513
ACL on loans / EOP loans¹		1.18	%		1.10	%		1.08	%		1.05	%		1.01	%		1.18	%		1.01	%
ACL / EOP loans¹		1.24	%		1.16	%		1.14	%		1.12	%		1.08	%		1.24	%		1.08	%
Underperforming Assets:
Loans 90 days and over (still accruing)	$	16,893		$	6,757		$	4,060		$	1,177		$	5,251		$	16,893		$	5,251
Nonaccrual loans		594,709			469,211			447,979			443,597			340,181			594,709			340,181
Foreclosed assets		7,986			6,301			4,294			4,077			8,290			7,986			8,290
Total underperforming assets	$	619,588		$	482,269		$	456,333		$	448,851		$	353,722		$	619,588		$	353,722
Classified and Criticized Assets:
Nonaccrual loans	$	594,709		$	469,211		$	447,979		$	443,597		$	340,181		$	594,709		$	340,181
Substandard loans (still accruing)		1,969,260			1,479,630			1,073,413			1,074,243			841,087			1,969,260			841,087
Loans 90 days and over (still accruing)		16,893			6,757			4,060			1,177			5,251			16,893			5,251
Total classified loans – “problem loans”		2,580,862			1,955,598			1,525,452			1,519,017			1,186,519			2,580,862			1,186,519
Other classified assets		43,495			53,239			58,954			59,485			60,772			43,495			60,772
Special Mention		1,008,716			828,314			908,630			837,543			967,655			1,008,716			967,655
Total classified and criticized assets	$	3,633,073		$	2,837,151		$	2,493,036		$	2,416,045		$	2,214,946		$	3,633,073		$	2,214,946
Loans 30-89 days past due (still accruing)	$	128,771		$	72,517		$	93,141		$	91,750		$	51,712		$	128,771		$	51,712
Nonaccrual loans / EOP loans¹		1.24	%		1.29	%		1.23	%		1.22	%		0.94	%		1.24	%		0.94	%
ACL / nonaccrual loans		100	%		90	%		92	%		92	%		115	%		100	%		115	%
Under-performing assets/EOP loans¹		1.29	%		1.32	%		1.26	%		1.23	%		0.98	%		1.29	%		0.98	%
Under-performing assets/EOP assets		0.87	%		0.90	%		0.85	%		0.84	%		0.67	%		0.87	%		0.67	%
30+ day delinquencies/EOP loans¹		0.30	%		0.22	%		0.27	%		0.26	%		0.16	%		0.30	%		0.16	%

¹ Excludes loans held-for-sale.


Non-GAAP Measures (unaudited)
($ and shares in thousands, except per share data)

	Three Months Ended																Six Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,				June 30,			June 30,
		2025			2025			2024			2024			2024				2025			2024
Earnings Per Share:
Net income applicable to common shares	$	121,375		$	140,625		$	149,839		$	139,768		$	117,196			$	262,000		$	233,446
Adjustments:
CECL Day 1 non-PCD provision expense		75,604			—			—			—			15,312				75,604			15,312
Tax effect¹		(20,802	)		—			—			—			(3,476	)			(20,802	)		(3,476	)
CECL Day 1 non-PCD provision expense, net		54,802			—			—			—			11,836				54,802			11,836
Merger-related charges		41,206			5,856			8,117			6,860			19,440				47,062			22,348
Tax effect¹		(11,337	)		(1,089	)		(2,058	)		(1,528	)		(4,413	)			(12,426	)		(5,123	)
Merger-related charges, net		29,869			4,767			6,059			5,332			15,027				34,636			17,225
Pension plan gain		(21,001	)		—			—			—			—				(21,001	)		—
Tax effect¹		5,778			—			—			—			—				5,778			—
Pension plan gain, net		(15,223	)		—			—			—			—				(15,223	)		—
Debt securities (gains) losses		41			76			122			76			(2	)			117			14
Tax effect¹		(11	)		(14	)		(31	)		(17	)		1				(25	)		(3	)
Debt securities (gains) losses, net		30			62			91			59			(1	)			92			11
Separation expense		—			—			—			2,646			—				—			—
Tax effect¹		—			—			—			(589	)		—				—			—
Separation expense, net		—			—			—			2,057			—				—			—
Distribution of excess pension assets		—			—			—			—			—		—		—			13,318
Tax effect¹		—			—			—			—			—		—		—			(3,250	)
Distribution excess pension assets, net		—			—			—			—			—				—			10,068
FDIC special assessment		—			—			—			—			—				—			2,994
Tax effect¹		—			—			—			—			—				—			(731	)
FDIC special assessment, net		—			—			—			—			—				—			2,263
Total adjustments, net		69,478			4,829			6,150			7,448			26,862				74,307			41,403
Net income applicable to common shares, adjusted	$	190,853		$	145,454		$	155,989		$	147,216		$	144,058			$	336,307		$	274,849
Weighted average diluted common shares outstanding		361,436			321,016			318,803			317,331			316,461				340,250			304,207
EPS, diluted	$	0.34		$	0.44		$	0.47		$	0.44		$	0.37			$	0.77		$	0.77
Adjusted EPS, diluted	$	0.53		$	0.45		$	0.49		$	0.46		$	0.46			$	0.99		$	0.90
NIM:
Net interest income	$	514,790		$	387,643		$	394,180		$	391,724		$	388,421			$	902,433		$	744,879
Add: FTE adjustment²		7,063			5,360			5,777			6,144			6,340				12,423			12,593
Net interest income (FTE)	$	521,853		$	393,003		$	399,957		$	397,868		$	394,761			$	914,856		$	757,472
Average earning assets	$	59,061,249		$	48,077,320		$	48,411,803		$	47,905,463		$	47,406,849			$	53,599,627		$	45,790,964
NIM (GAAP)		3.49	%		3.23	%		3.26	%		3.27	%		3.28	%			3.37	%		3.25	%
NIM (FTE)		3.53	%		3.27	%		3.30	%		3.32	%		3.33	%			3.41	%		3.31	%

Refer to last page of Non-GAAP reconciliations for footnotes.


Non-GAAP Measures (unaudited)
($ in thousands)

	Three Months Ended															Six Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,			June 30,			June 30,
		2025			2025			2024			2024			2024			2025			2024
PPNR:
Net interest income (FTE)²	$	521,853		$	393,003		$	399,957		$	397,868		$	394,761		$	914,856		$	757,472
Add: Noninterest income		132,517			93,794			95,766			94,138			87,271			226,311			164,793
Total revenue (FTE)		654,370			486,797			495,723			492,006			482,032			1,141,167			922,265
Less: Noninterest expense		(384,766	)		(268,471	)		(276,824	)		(272,283	)		(282,999	)		(653,237	)		(545,316	)
PPNR	$	269,604		$	218,326		$	218,899		$	219,723		$	199,033		$	487,930		$	376,949
Adjustments:
Pension plan termination gain	$	(21,001	)	$	—		$	—		$	—		$	—		$	(21,001	)	$	—
Debt securities (gains) losses	$	41		$	76		$	122		$	76		$	(2	)	$	117		$	14
Noninterest income adjustments		(20,960	)		76			122			76			(2	)		(20,884	)		14
Adjusted noninterest income		111,557			93,870			95,888			94,214			87,269			205,427			164,807
Adjusted revenue	$	633,410		$	486,873		$	495,845		$	492,082		$	482,030		$	1,120,283		$	922,279
Adjustments:
Merger-related charges	$	41,206		$	5,856		$	8,117		$	6,860		$	19,440		$	47,062		$	22,348
Separation expense		—			—			—			2,646			—			—			—
Distribution of excess pension assets		—			—			—			—			—			—			13,318
FDIC Special Assessment		—			—			—			—			—			—			2,994
Noninterest expense adjustments		41,206			5,856			8,117			9,506			19,440			47,062			38,660
Adjusted total noninterest expense		(343,560	)		(262,615	)		(268,707	)		(262,777	)		(263,559	)		(606,175	)		(506,656	)
Adjusted PPNR	$	289,850		$	224,258		$	227,138		$	229,305		$	218,471		$	514,108		$	415,623
Efficiency Ratio:
Noninterest expense	$	384,766		$	268,471		$	276,824		$	272,283		$	282,999		$	653,237		$	545,316
Less: Amortization of intangibles		(19,630	)		(6,830	)		(7,237	)		(7,411	)		(7,425	)		(26,460	)		(12,880	)
Noninterest expense, excl. amortization of intangibles		365,136			261,641			269,587			264,872			275,574			626,777			532,436
Less: Amortization of tax credit investments		(5,815	)		(3,424	)		(4,556	)		(3,277	)		(2,747	)		(9,239	)		(5,496	)
Less: Noninterest expense adjustments		(41,206	)		(5,856	)		(8,117	)		(9,506	)		(19,440	)		(47,062	)		(38,660	)
Adjusted noninterest expense, excluding amortization	$	318,115		$	252,361		$	256,914		$	252,089		$	253,387		$	570,476		$	488,280
Total revenue (FTE)²	$	654,370		$	486,797		$	495,723		$	492,006		$	482,032		$	1,141,167		$	922,265
Less: Debt securities (gains) losses		41			76			122			76			(2	)		117			14
Less: Pension plan gain		(21,001	)		—			—			—			—			(21,001	)		—
Total adjusted revenue	$	633,410		$	486,873		$	495,845		$	492,082		$	482,030		$	1,120,283		$	922,279
Efficiency Ratio		55.8	%		53.7	%		54.4	%		53.8	%		57.2	%		54.9	%		57.7	%
Adjusted Efficiency Ratio		50.2	%		51.8	%		51.8	%		51.2	%		52.6	%		50.9	%		52.9	%

Refer to last page of Non-GAAP reconciliations for footnotes.


Non-GAAP Measures (unaudited)
($ in thousands)

	Three Months Ended															Six Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,			June 30,			June 30,
		2025			2025			2024			2024			2024			2025			2024
ROAE and ROATCE:
Net income applicable to common shares	$	121,375		$	140,625		$	149,839		$	139,768		$	117,196		$	262,000		$	233,446
Amortization of intangibles		19,630			6,830			7,237			7,411			7,425			26,460			12,880
Tax effect¹		(4,908	)		(1,708	)		(1,809	)		(1,853	)		(1,856	)		(6,615	)		(3,220	)
Amortization of intangibles, net		14,722			5,122			5,428			5,558			5,569			19,845			9,660
Net income applicable to common shares, excluding intangibles amortization		136,097			145,747			155,267			145,326			122,765			281,845			243,106
Total adjustments, net (see pg.12)		69,478			4,829			6,150			7,448			26,862			74,307			41,403
Adjusted net income applicable to common shares, excluding intangibles amortization	$	205,575		$	150,576		$	161,417		$	152,774		$	149,627		$	356,152		$	284,509
Average shareholders’ equity	$	7,452,116		$	6,416,485		$	6,338,953		$	6,190,071		$	5,978,976		$	6,937,161		$	5,772,259
Less: Average preferred equity		(243,719	)		(243,719	)		(243,719	)		(243,719	)		(243,719	)		(243,719	)		(243,719	)
Average shareholders’ common equity	$	7,208,397		$	6,172,766		$	6,095,234		$	5,946,352		$	5,735,257		$	6,693,442		$	5,528,540
Average goodwill and other intangible assets		(2,670,710	)		(2,292,526	)		(2,301,177	)		(2,304,597	)		(2,245,405	)		(2,482,663	)		(2,171,872	)
Average tangible shareholder’s common equity	$	4,537,687		$	3,880,240		$	3,794,057		$	3,641,755		$	3,489,852		$	4,210,779		$	3,356,668
ROAE		6.7	%		9.1	%		9.8	%		9.4	%		8.2	%		7.8	%		8.4	%
ROAE, adjusted		10.6	%		9.4	%		10.2	%		9.9	%		10.0	%		10.0	%		9.9	%
ROATCE		12.0	%		15.0	%		16.4	%		16.0	%		14.1	%		13.4	%		14.5	%
ROATCE, adjusted		18.1	%		15.5	%		17.0	%		16.8	%		17.1	%		16.9	%		17.0	%

Refer to last page of Non-GAAP reconciliations for footnotes.


Non-GAAP Measures (unaudited)
($ in thousands)

	As of
	June 30,			March 31,			December 31,			September 30,			June 30,
		2025			2025			2024			2024			2024
Tangible Common Equity:
Shareholders’ equity	$	8,126,387		$	6,534,654		$	6,340,350		$	6,367,298		$	6,075,072
Less: Preferred equity		(243,719	)		(243,719	)		(243,719	)		(243,719	)		(243,719	)
Shareholders’ common equity	$	7,882,668		$	6,290,935		$	6,096,631		$	6,123,579		$	5,831,353
Less: Goodwill and other intangible assets		(2,944,372	)		(2,289,268	)		(2,296,098	)		(2,305,084	)		(2,306,204	)
Tangible shareholders’ common equity	$	4,938,296		$	4,001,667		$	3,800,533		$	3,818,495		$	3,525,149

Total assets	$	70,979,805		$	53,877,944		$	53,552,272		$	53,602,293		$	53,119,645
Less: Goodwill and other intangible assets		(2,944,372	)		(2,289,268	)		(2,296,098	)		(2,305,084	)		(2,306,204	)
Tangible assets	$	68,035,433		$	51,588,676		$	51,256,174		$	51,297,209		$	50,813,441

Risk-weighted assets³	$	52,517,871		$	40,266,670		$	40,314,805		$	40,584,608		$	40,627,117

Tangible common equity to tangible assets		7.26	%		7.76	%		7.41	%		7.44	%		6.94	%
Tangible common equity to risk-weighted assets³		9.40	%		9.94	%		9.43	%		9.41	%		8.68	%
Tangible Common Book Value:
Common shares outstanding		391,818			319,236			318,980			318,955			318,969
Tangible common book value	$	12.60		$	12.54		$	11.91		$	11.97		$	11.05

¹ Tax-effect calculations use management’s estimate of the full year FTE tax rates (federal + state).
² Calculated using the federal statutory tax rate in effect of 21% for all periods.
³ June 30, 2025 figures are preliminary.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1e11c9d1-b9ea-4a5c-a250-cb6dc83091a5

The MIL Network –

July 22, 2025

MIL-OSI: Gilat Awarded Approximately $60 Million to Provide Digital Inclusion Solutions in Peru

Source: GlobeNewswire (MIL-OSI)

PETAH TIKVA, Israel, July 22, 2025 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that its Peruvian subsidiary, Gilat Perú, has been awarded approximately $60 million in orders from Pronatel (Programa Nacional de Telecomunicaciones), Peru’s national telecommunications program. The orders are for upgrading the Regional Broadband infrastructure across the regions of Apurímac, Huancavelica and Ayacucho. Migration is expected to take place over the next 12 months and the service will be delivered over 4 years.

This major infrastructure modernization will bring high-speed internet of 200 Mbps directly to nearly 800 public institutions, including schools, health centers, and police stations across 280 localities. The award marks a significant step forward in closing the digital divide and empowering rural communities in Peru with the connectivity they need to access education, healthcare, and public services, laying a strong, scalable foundation for future bandwidth growth in rural areas that need it most.

The project reflects Gilat’s continued partnership with the Peruvian State and long-standing commitment to digital access for all, strengthening public services in some of the most remote areas of Peru.

“With extensive experience implementing complex connectivity projects throughout Peru, we are uniquely qualified to carry out this critical migration in record time,” said Arieh Rohrstock, Corporate Senior Vice President and President, Gilat Peru. “Together with Pronatel, we’re advancing our shared goal of increasing digital inclusion in the most remote regions of the country by delivering the high-speed infrastructure needed to support essential public services.”

About Gilat

Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we develop and deliver deep technology solutions for satellite, ground, and new space connectivity, offering next-generation solutions and services for critical connectivity across commercial and defense applications. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world.

Together with our wholly owned subsidiaries—Gilat Wavestream, Gilat DataPath, and Gilat Stellar Blu—we offer integrated, high-value solutions supporting multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites (SDS) via our Commercial and Defense Divisions. Our comprehensive portfolio is comprised of a cloud-based platform and modems; high-performance satellite terminals; advanced Satellite On-the-Move (SOTM) antennas and ESAs; highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense markets, field services, network management software, and cybersecurity services.

Gilat’s products and tailored solutions support multiple applications including government and defense, IFC and mobility, broadband access, cellular backhaul, enterprise, aerospace, broadcast, and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: http://www.gilat.com

Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel, including those related to Israel’s preemptive strike against Iran’s nuclear project and the continued hostilities between Israel and Iran, and the hostilities between Israel and Hamas. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.

Contact:

Gilat Satellite Networks

Hagay Katz, Chief Product and Marketing Officer

hagayk@gilat.com

Alliance Advisors:

GilatIR@allianceadvisors.com
Phone: +1 212 838 3777

The MIL Network –

July 22, 2025

MIL-OSI: Manhattan Bridge Capital, Inc. Reports Second Quarter Results for 2025

Source: GlobeNewswire (MIL-OSI)

GREAT NECK, N.Y., July 22, 2025 (GLOBE NEWSWIRE) — Manhattan Bridge Capital, Inc. (Nasdaq: LOAN) (the “Company”) announced today that its total revenues for the three months ended June 30, 2025 were approximately $2,355,000, compared to approximately $2,443,000 for the three months ended June 30, 2024, a decrease of $88,000, or 3.6%. The decrease in revenue was primarily attributable to lower interest income, resulting from a reduction in loans receivable, period-over-period, partially offset by an increase of origination fees. For the three months ended June 30, 2025 and 2024, approximately $1,899,000 and $2,033,000, respectively, of the Company’s revenues were attributable to interest income on secured commercial loans that the Company offered to real estate investors, and approximately $456,000 and $411,000, respectively, of its revenues were attributable to origination fees on such loans. The loans are principally secured by collateral consisting of real estate and accompanied by personal guarantees from the principals of the borrowers.

Net income for the three months ended June 30, 2025 was approximately $1,413,000, or $0.12 per basic and diluted share (based on approximately 11.44 million weighted-average outstanding common shares), as compared to approximately $1,409,000, or $0.12 per basic and diluted share (based on approximately 11.44 million weighted-average outstanding common shares), for the three months ended June 30, 2024, an increase of $4,000.

Total revenues for the six months ended June 30, 2025 were approximately $4,629,000, compared to approximately $5,016,000 for the six months ended June 30, 2024, a decrease of $387,000, or 7.7%. The decrease in revenue was primarily attributable to lower interest income, resulting from a reduction in loans receivable, period-over-period. For the six months ended June 30, 2025 and 2024, revenues of approximately $3,733,000 and $4,175,000, respectively, were attributable to interest income on secured commercial loans that the Company offered to real estate investors, and approximately $896,000 and $841,000, respectively, were attributable to origination fees on such loans. The loans are principally secured by collateral consisting of real estate and accompanied by personal guarantees from the principals of the borrowers.

Net income for the six months ended June 30, 2025 was approximately $2,786,000, or $0.24 per basic and diluted share (based on approximately 11.44 million weighted-average outstanding common shares), as compared to approximately $2,885,000, or $0.25 per basic and diluted share (based on approximately 11.44 million weighted-average outstanding common shares), for the six months ended June 30, 2024, a decrease of $99,000, or 3.4%. This decrease is primarily attributable to the decrease in interest income from loans, partially offset by a decrease in interest expense.

As of June 30, 2025, total shareholders’ equity was approximately $43,427,000.

Assaf Ran, Chairman of the Board and Chief Executive Officer of the Company, stated, “Interest rates are still weighing on the real estate markets; therefore, we’re experiencing a slower pace of loan closings versus our typical pace, and longer loan terms, reflected by a higher amount of extended loans over the initial ultra short term of one year. Yet, we managed to deliver another quarter with net earnings of $0.12.”

About Manhattan Bridge Capital, Inc.

Manhattan Bridge Capital, Inc. offers short-term secured, non–banking loans (sometimes referred to as ‘‘hard money’’ loans) to real estate investors to fund their acquisition, renovation, rehabilitation or improvement of properties located in the New York metropolitan area, including New Jersey and Connecticut, and in Florida. We operate the website: https://www.manhattanbridgecapital.com.

Forward Looking Statements

This press release and the statements of the Company’s representatives related thereto contain or may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as “plan,” “project,” “potential,” “seek,” “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate,” or “continue” are intended to identify forward-looking statements. For example, when the Company discusses the impact of interest rates on the real estate markets, including on pace of closings and terms of loans, it is using forward looking statements. Readers are cautioned that certain important factors may affect the Company’s actual results and could cause such results to differ materially from any forward-looking statements that may be made in this news release. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Actual results may differ materially from those projected, expressed or implied in the forward-looking statements as a result of various factors, including but not limited to the following: (i) our loan origination activities, revenues and profits are limited by available funds; (ii) we operate in a highly competitive market and competition may limit our ability to originate loans with favorable interest rates; (iii) our Chief Executive Officer is critical to our business and our future success may depend on our ability to retain him; (iv) if we overestimate the yields on our loans or incorrectly value the collateral securing the loan, we may experience losses; (v) we may be subject to “lender liability” claims; (vi) our due diligence may not uncover all of a borrower’s liabilities or other risks to its business; (vii) borrower concentration could lead to significant losses; (viii) we may choose to make distributions in our own stock, in which case you may be required to pay income taxes in excess of the cash dividends you receive; (ix) an increase in interest rates may impact our profitability; (x) we may be unsuccessful in our efforts to extend or replace our existing credit line; and (xi) we may be unsuccessful in our efforts to refinance our 6% senior secured notes, due April 22, 2026. The risk factors contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission identify important factors that could cause such differences. These forward-looking statements speak only as of the date of this press release, and we caution potential investors not to place undue reliance on such statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

MANHATTAN BRIDGE CAPITAL, INC. AND SUBSIDIARY CONSOLIDATED BALANCE SHEETS

Assets	June 30, 2025 (unaudited)		December 31, 2024 (audited)
Loans receivable, net of deferred origination and other fees	$	65,217,737	$	65,405,731
Interest and other fees receivable on loans		1,877,218		1,521,033
Cash		208,767		178,012
Cash – restricted		875		23,750
Other assets		153,112		62,080
Right-of-use asset – operating lease, net		127,633		154,039
Deferred financing costs, net		9,240		16,171
Total assets	$	67,594,582	$	67,360,816

Liabilities and Stockholders’ Equity

Liabilities:
Line of credit	$	16,523,205		$	16,427,874
Senior secured notes (net of deferred financing costs of $59,443 and $96,985, respectively)		5,940,557			5,903,015
Accounts payable and accrued expenses		198,622			232,236
Operating lease liability		139,882			167,119
Loan holdback		50,000			50,000
Dividends payable		1,315,445			1,315,445
Total liabilities		24,167,711			24,095,689
Commitments and contingencies

Stockholders’ equity:
Preferred shares – $.01 par value; 5,000,000 shares authorized; none issued and outstanding		—			—
Common shares – $.001 par value; 25,000,000 shares authorized; 11,757,058 issued; 11,438,651 outstanding		11,757			11,757
Additional paid-in capital		45,568,473			45,561,941
Less: Treasury stock, at cost – 318,407 shares		(1,070,406	)		(1,070,406	)
Accumulated deficit		(1,082,953	)		(1,238,165	)
Total stockholders’ equity		43,426,871			43,265,127
Total liabilities and stockholders’ equity	$	67,594,582		$	67,360,816

MANHATTAN BRIDGE CAPITAL, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)

	Three Months Ended June 30,						Six Months Ended June 30,
		2025			2024			2025			2024
Revenue:
Interest income from loans	$	1,899,403		$	2,032,687		$	3,733,317		$	4,175,174
Origination fees		455,833			410,528			895,632			841,119
Total revenue		2,355,236			2,443,215			4,628,949			5,016,293

Operating costs and expenses:
Interest and amortization of deferred financing costs		506,250			603,230			957,615			1,293,819
Referral fees		1,523			500			1,667			1,000
General and administrative expenses		437,785			434,282			891,355			844,560
Total operating costs and expenses		945,558			1,038,012			1,850,637			2,139,379
Income from operations		1,409,678			1,405,203			2,778,312			2,876,914
Other income		4,500			4,500			9,000			9,000
Income before income tax expense		1,414,178			1,409,703			2,787,312			2,885,914
Income tax expense		(1,210	)		(650	)		(1,210	)		(650	)
Net income	$	1,412,968		$	1,409,053		$	2,786,102		$	2,885,264

Basic and diluted net income per common share outstanding:
–Basic	$	0.12		$	0.12		$	0.24		$	0.25
–Diluted	$	0.12		$	0.12		$	0.24		$	0.25

Weighted average number of common shares outstanding:
–Basic		11,438,651			11,438,651			11,438,651			11,438,662
–Diluted		11,438,651			11,438,651			11,438,651			11,438,662

MANHATTAN BRIDGE CAPITAL, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
(unaudited)

FOR THE THREE MONTHS ENDED JUNE 30, 2025

	Common Shares		Additional Paid in Capital	Treasury Stock		Accumulated Deficit	Totals
	Shares	Amount		Shares	Cost
Balance, April 1, 2025	11,757,058	$11,757	$45,565,207	318,407	$(1,070,406)	$(1,180,476)	$43,326,082
Non-cash compensation			3,266				3,266
Dividends declared and payable						(1,315,445)	(1,315,445)
Net income	.	.	.	.	.	1,412,968	1,412,968
Balance, June 30, 2025	11,757,058	$11,757	$45,568,473	318,407	$(1,070,406)	$(1,082,953)	$43,426,871

FOR THE THREE MONTHS ENDED JUNE 30, 2024

	Common Shares		Additional Paid in Capital	Treasury Stock		Accumulated Deficit	Totals
	Shares	Amount		Shares	Cost
Balance, April 1, 2024	11,757,058	$11,757	$45,552,142	318,407	$(1,070,406)	$(1,406,555)	$43,086,938
Non-cash compensation			3,266				3,266
Dividends declared and payable						(1,315,445)	(1,315,445)
Net income	.	.	.	.	.	1,409,053	1,409,053
Balance, June 30, 2024	11,757,058	$11,757	$45,555,408	318,407	$(1,070,406)	$(1,312,947)	$43,183,812

FOR THE SIX MONTHS ENDED JUNE 30, 2025

	Common Shares		Additional Paid in Capital	Treasury Stock		Accumulated Deficit	Totals
	Shares	Amount		Shares	Cost
Balance, January 1, 2025	11,757,058	$11,757	$45,561,941	318,407	$(1,070,406)	$(1,238,165)	$ 43,265,127
Non-cash compensation			6,532				6,532
Dividends paid						(1,315,445)	(1,315,445)
Dividends declared and payable						(1,315,445)	(1,315,445)
Net income	.	.	.	.	.	2,786,102	2,786,102
Balance, June 30, 2025	11,757,058	$11,757	$45,568,473	318,407	$(1,070,406)	$(1,082,953)	$43,426,871

FOR THE SIX MONTHS ENDED JUNE 30, 2024

	Common Shares		Additional Paid in Capital	Treasury Stock		Accumulated Deficit	Totals
	Shares	Amount		Shares	Cost
Balance, January 1, 2024	11,757,058	$11,757	$45,548,876	316,407	$(1,060,606)	$(1,567,321)	$42,932,706
Purchase of treasury shares				2,000	(9,800)		(9,800)
Non-cash compensation			6,532				6,532
Dividends paid						(1,315,445)	(1,315,445)
Dividends declared and payable						(1,315,445)	(1,315,445)
Net income	.	.	.	.	.	2,885,264	2,885,264
Balance, June 30, 2024	11,757,058	$11,757	$45,555,408	318,407	$(1,070,406)	$(1,312,947)	$43,183,812

MANHATTAN BRIDGE CAPITAL, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

	Six Months Ended June 30,
		2025			2024
Cash flows from operating activities:
Net income	$	2,786,102		$	2,885,264
Adjustments to reconcile net income to net cash provided by operating activities –
Amortization of deferred financing costs		44,473			44,191
Adjustment to right-of-use asset – operating lease and liability		(831	)		190
Depreciation		2,790			2,209
Non-cash compensation expense		6,532			6,532
Changes in operating assets and liabilities:
Interest and other fees receivable on loans		(369,307	)		(315,399	)
Other assets		(93,403	)		(71,703	)
Accounts payable and accrued expenses		(33,614	)		(53,044	)
Deferred origination and other fees		64,338			(72,992	)
Net cash provided by operating activities		2,407,080			2,425,248

Cash flows from investing activities:
Issuance of short-term loans		(23,482,540	)		(19,455,000	)
Collections received from loans		23,619,317			25,866,190
Purchase of fixed assets		(418	)		(1,191	)
Net cash provided by investing activities		136,359			6,409,999

Cash flows from financing activities:
Repayment of line of credit		(26,365,153	)		(27,543,007	)
Proceeds from line of credit		26,460,484			19,736,179
Dividends paid		(2,630,890	)		(2,602,518	)
Purchase of treasury shares		—			(9,800	)
Deferred financing costs incurred		—			(2,167	)
Net cash used in financing activities		(2,535,559	)		(10,421,313	)

Net increase (decrease) in cash		7,880			(1,586,066	)
Cash and restricted cash, beginning of period⁽¹⁾		201,762			1,691,995
Cash and restricted cash, end of period⁽²⁾	$	209,642		$	105,929

Supplemental Disclosure of Cash Flow Information:
Cash paid during the period for taxes	$	1,210		$	650
Cash paid during the period for interest	$	903,251		$	1,297,587
Cash paid during the period for operating leases	$	31,982		$	32,208
Supplemental Schedule of Noncash Financing Activities:
Dividend declared and payable	$	1,315,445		$	1,315,445

Supplemental Schedule of Noncash Operating and Investing Activities:
Reduction in interest receivable in connection with the increase in loans receivable	$	13,122		$	222,520

⁽¹⁾ At December 31, 2024 and 2023, cash and restricted cash included $23,750 and $1,587,773, respectively, of restricted cash.
⁽²⁾ At June 30, 2025, cash and restricted cash included $875 of restricted cash.

SOURCE: Manhattan Bridge Capital, Inc.

The MIL Network –

July 22, 2025

MIL-OSI: PAXMINING has launched a compliant and secure cloud mining platform, supporting daily ETH/XRP payouts, AI-optimized hash power, and global device access anytime.

Source: GlobeNewswire (MIL-OSI)

London, UK, July 22, 2025 (GLOBE NEWSWIRE) — In the rapidly evolving world of cryptocurrency, PAXMINING has emerged as a global leader in cloud mining, providing a secure, compliant, and user-friendly platform that enables users to earn daily yields in Ethereum (ETH) and Ripple (XRP). PAXMINING is committed to providing convenience, sustainability, and cutting-edge technology to make cryptocurrency mining accessible to everyone, without the need for expensive hardware or technical expertise. With AI-optimized hashrate, global device access, and a focus on renewable energy, PAXMINING is redefining the future of passive income in cryptocurrency.

Platform Benefits

AI-Optimized Hashrate: Proprietary algorithms dynamically allocate hashrate to the highest-yielding cryptocurrencies, maximizing yields in real time. This AI-driven approach ensures users benefit from market fluctuations without human intervention.

Global Device Access: Whether it’s a smartphone, tablet, or desktop computer, PAXMINING’s intuitive platform is accessible worldwide through its web interface or mobile app (available for iOS and Android). Users can monitor earnings and manage contracts anytime, anywhere.

Sustainable Mining: PAXMINING operates more than 70 mining farms that use 100% renewable energy (wind, solar and hydroelectric power), combining profitability with environmental responsibility to support global carbon neutrality goals.

No hardware or technical knowledge required: PAXMINING removes the barriers of traditional mining by handling all back-end operations, including equipment maintenance, cooling systems and power supply. Users only need to select a contract to start making money.

Multi-currency support: The platform supports mining and withdrawal of multiple cryptocurrencies, including ETH, XRP, BTC, USDT, USDC, SOL, DOGE, LTC and BCH, providing flexibility for diversified portfolios.

Low barriers and registration bonus: New users can receive a welcome bonus of $15, allowing everyone to participate in mining without any initial investment.

Transparent pricing: PAXMINING offers clear contracts without any hidden fees, ensuring that users clearly understand the fees they pay and the benefits they receive.

Mining Contracts and Daily Returns

PAXMINING offers a range of flexible mining contracts that can be tailored to different budgets and investment goals, with daily payouts in ETH or XRP. Each contract is designed to achieve predictable returns and return the principal in full upon contract expiration. The following is a detailed analysis of PAXMINING’s contract options based on available information:

Contract Project	Investment Amount	The term	Total revenue
WhatsMiner M50S+	$100	2days	$100+$6
Canaan Avalon miner A14	$500	7days	$500+$43.40
WhatsMiner M60S+	$1,300	15days	$1,300+$253.5
ALPH Miner AL1	$3,500	30days	$3,500+$948‬
Bitcoin Miner S21 XP Imm	$8,000	35days	$8,000+$4424
Bitcoin Miner S21 XP Hyd	$12,800	40 days	$12,800+$8,601

Observação: Os lucros estão disponíveis no dia seguinte à compra do contrato e podem ser sacados para sua carteira ou usados para comprar outros contratos. (A plataforma oferece vários contratos de retorno estável; visite o site da PAXMINING para mais detalhes.)

How it works

Choose a contract: Select a mining plan that fits your budget and goals, ranging from short-term (1 day) to long-term (54 days).

Start earning: Track your daily profits in real time and withdraw your earnings in ETH, XRP or other supported cryptocurrencies.

Why PAXMINING?

PAXMINING’s blend of AI-driven optimization, global accessibility, and sustainable practices make it an excellent choice for cloud mining. The platform is committed to transparency, security, and ease of use, ensuring that users can confidently participate in the crypto economy without the complexities of traditional mining. With over 8 million users from over 190 countries and a proven track record since 2017, PAXMINING is your reliable partner for generating passive income with ETH and XRP.

For more information or to get started with your mining contract, visit:

https://paxmining.com or (click to download the mobile app)

For direct inquiries, contact: info@paxmining.com

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

The MIL Network –

July 22, 2025

MIL-OSI: Hut 8 Advances Capital Strategy with DIFC License

Source: GlobeNewswire (MIL-OSI)

MIAMI, July 22, 2025 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced that its subsidiary, Hut 8 Investment Ltd, has secured a Commercial License in the Dubai International Financial Centre (“DIFC”). The license authorizes proprietary investments and certain non-financial commercial activity under the DIFC’s legal and regulatory framework, which is based on international standards and principles of common law.

The DIFC license represents a structural expansion of Hut 8’s capital strategy, enhancing the Company’s ability to deploy Bitcoin held in reserve into structured derivatives strategies. The license is expected to broaden access to institutional counterparties, reduce trading friction, and lower transaction costs. In fiscal year 2024, Hut 8 generated more than $20 million in net proceeds from covered call options premiums on Bitcoin held in reserve. Through its presence in the DIFC, Hut 8 expects to unlock multiple advantages that support continued expansion of its active treasury management program, including:

Direct access to global derivatives markets: Enables Hut 8 to trade directly on institutional exchanges, reducing reliance on OTC intermediaries that historically introduced cost friction relative to spot pricing
Broader access to institutional-grade products and counterparties: Unlocks a wider set of global liquidity providers and instruments, enhancing strategic optionality
Greater flexibility in structured strategy design and execution: Allows Hut 8 to construct and manage advanced yield strategies that would more difficult to execute without a DIFC license
Supportive regulatory environment within a common law framework: Dubai offers an established legal and regulatory foundation for institutional digital asset activity, supporting enhanced enforceability, compliance certainty, and jurisdictional alignment

“We believe that securing a DIFC license enhances our ability to drive outsized shareholder returns through our integrated capital strategy,” said Asher Genoot, CEO of Hut 8. “It allows us to execute directly on global derivatives markets, reduce trading costs, and access a broader range of institutional products. Within a regulatory environment that supports structured digital asset strategies, we believe we can manage Bitcoin held in reserve more efficiently, manage risk with greater precision, and optimize yield through disciplined, proactive management.”

About Hut 8

Hut 8 Corp. is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing. We take a power-first, innovation-driven approach to developing, commercializing, and operating the critical infrastructure that underpins the breakthrough technologies of today and tomorrow. Our platform spans 1,020 megawatts of energy capacity under management across 15 sites in the United States and Canada: five Bitcoin mining, hosting, and Managed Services sites in Alberta, New York, and Texas, five high performance computing data centers in British Columbia and Ontario, four power generation assets in Ontario, and one non-operational site in Alberta. For more information, visit www.hut8.com and follow us on X at @Hut8Corp.

About Dubai International Financial Centre

Dubai International Financial Centre (DIFC) is one of the world’s most advanced financial centres and a leading financial hub for the Middle East, Africa, and South Asia (MEASA). With a 20-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe, and the Americas through Dubai. DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework. The Centre’s vision is to drive the future of finance through cutting-edge technology, innovation, and partnerships. Today, it is the global future of finance and innovation hub offering one of the region’s most comprehensive AI, FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programmes, and funding for growth-stage start-ups. For further information, please visit our website: difc.ae or follow us on LinkedIn and X at @DIFC.

Cautionary Note Regarding Forward–Looking Information

This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events, or developments that Hut 8 expects or anticipates will or may occur in the future, including statements relating to the Company’s use of its DIFC license to expand its capital strategy, enhance the Company’s ability to deploy Bitcoin held in reserve, broaden access to institutional counterparties, reduce trading friction, lower transaction costs, and unlock other advantages to support the expansion of the Company’s active treasury management program; the impact of the DIFC’s regulatory framework; the ability of the Company to drive outsized shareholder returns; and other such matters is forward-looking information. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “allow”, “believe”, “estimate”, “expect”, “predict”, “can”, “might”, “potential”, “predict”, “is designed to”, “likely,” or similar expressions.

Statements containing forward-looking information are not historical facts, but instead represent management’s expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, failure of critical systems; geopolitical, social, economic, and other events and circumstances; competition from current and future competitors; risks related to power requirements; cybersecurity threats and breaches; hazards and operational risks; changes in leasing arrangements; Internet-related disruptions; dependence on key personnel; having a limited operating history; attracting and retaining customers; entering into new offerings or lines of business; price fluctuations and rapidly changing technologies; construction of new data centers, data center expansions, or data center redevelopment; predicting facility requirements; strategic alliances or joint ventures; operating and expanding internationally; failing to grow hashrate; purchasing miners; relying on third-party mining pool service providers; uncertainty in the development and acceptance of the Bitcoin network; Bitcoin halving events; competition from other methods of investing in Bitcoin; concentration of Bitcoin holdings; hedging transactions; potential liquidity constraints; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate change; involvement in legal proceedings; trading volatility; and other risks described from time to time in Company’s filings with the U.S. Securities and Exchange Commission. In particular, see the Company’s recent and upcoming annual and quarterly reports and other continuous disclosure documents, which are available under the Company’s EDGAR profile at www.sec.gov and SEDAR+ profile at www.sedarplus.ca.

Hut 8 Corp. Investor Relations
Sue Ennis
ir@hut8.com

Hut 8 Corp. Public Relations
Gautier Lemyze-Young
media@hut8.com

The MIL Network –

July 22, 2025

MIL-OSI: Landlord Sentiment Shifts in 2025: Fewer Acquisitions, More Spending on Existing Properties

Source: GlobeNewswire (MIL-OSI)

NEW YORK, July 22, 2025 (GLOBE NEWSWIRE) — New survey results from RentRedi, the fastest-growing rental management software, including joint data from BiggerPockets, show a measurable shift in landlord priorities for 2025. Compared to late 2024, fewer landlords plan to expand their portfolios, while more are investing in property improvements and optimizing operations. RentRedi’s rental market survey examines notable shifts in trends relating to investment strategies, renovation spending, and business priorities over time.

As a follow-up to a survey that was conducted in November 2024, the same questions were posed to U.S. landlords between June 3-26, 2025, and responses were analyzed by region and landlord size. Over the past six months, the share of landlords planning to buy new properties dropped from 67% in November 2024 to 53% in June 2025—a 14-point decline. During the same period, the portion of landlords with no plans to change their portfolio rose by 11% from 32% to over 43%. Fewer than 1 in 25 landlords say they plan to sell a rental property this year.

Regionally, the West experienced the biggest shift in sentiment, with the number of landlords saying they have no plans to make portfolio changes rising from 39% to 53%, a 14-point increase. In contrast, the Northeast was the most acquisition-oriented region, with 57% of investors still planning to buy property in 2025, outpacing the national average.

Differences by landlord size also emerged. While all portfolio sizes saw a decline in buying plans, landlords with 20 or more units remain more active than their smaller counterparts. A little over 1 in 5 large landlords plan to both buy and sell property this year, compared to just 5% of small landlords. Nearly half of small landlords say they have no plans to change their portfolio, compared to 38% of large landlords.

Another major shift is visible in home improvement plans. As of June, 35% of landlords expect to spend more than $20,000 on property upgrades this year, up from 27% in November. Nearly 2 in 3 respondents anticipate spending over $5,000 in total. Landlords with large portfolios are leading the charge: nearly two-thirds expect to spend more than $20,000, up from 36% in November. Small landlords remained more conservative, with nearly half still budgeting under $5,000.

Regionally, the Midwest and West saw the most dramatic increases in high-dollar spending. In both regions, the share of landlords expecting to invest more than $20,000 rose by 10 points or more. At the same time, a June joint survey with BiggerPockets found that exactly half of landlords have paused some or all home improvement projects planned for 2025, suggesting a range of financial strategies and priorities depending on portfolio structure and resources.

A separate July survey from RentRedi and BiggerPockets explored the reasons behind declining acquisition plans. More than half of landlords cited property prices as the biggest barrier to buying, while nearly a quarter pointed to interest rates. Others said slow revenue growth or time commitment were their main challenges.

When asked what they hoped to achieve by using tools or resources in their rental business, more than one-third said increasing revenue was most important. Another one-third prioritized saving time and effort, followed by reducing costs and increasing property value.

“With tools like RentRedi, landlords are managing their properties more efficiently, even as they face evolving challenges,” said RentRedi Co-founder and CEO Ryan Barone. “From automation to mobile access to financial reporting, we’re focused on giving landlords the control and visibility they need to make smarter decisions—whether they’re expanding, renovating, or holding steady.”

Landlord motivations remained consistent across the board. Income generation continues to be the top reason for managing rental properties, selected by over 40% of respondents, followed by long-term investment and financial freedom. Larger landlords are more focused on income—more than half selected it as their primary goal, compared to about one-third who emphasized long-term investment and 16% who cited financial freedom, which is slightly below the 18% national average.

Diversification appears to be a low priority in 2025. About 40% of landlords said they do not plan to diversify their portfolios by property type or location, and another quarter are unsure. Slightly more than 1 in 3 landlords say they plan to diversify in any way this year.

This report is part of RentRedi’s ongoing initiative to surface real-world insights from landlords and property managers through data, direct surveys, and collaborations with trusted communities like BiggerPockets. For more data insight and survey result reports, visit RentRedi’s Rental Market Insights.

Survey Methodology

RentRedi landlords were surveyed between June 3-26, 2025. There were 1,623 respondents in total. Landlords were classified into U.S. regions by their primary business location as follows: Northeast (CT, MA, ME, NH, NJ, NY, PA, RI); Midwest (IA, IL, IN, KS, MI, MN, MO, ND, NE, OH, SD, WI, VT); South (AL, AR, DC, DE, FL, GA, KY, LA, MD, MS, NC, OK, SC, TN, TX, VA, WV); and West (AK, AZ, CA, CO, HI, ID, MT, NM, NV, OR, UT, WA, WY). Landlords were also classified by real estate portfolio size as follows: small landlords (1-4 rental units); medium landlords (5-19 rental units); and large landlords (20+ rental units). Percentages have been rounded to the nearest whole number, and therefore the values in each barchart may not equal 100%. Separately, BiggerPockets conducted its own surveys via YouTube in June and July 2025. The full survey results can be found here.

About RentRedi

RentRedi offers an award-winning, comprehensive rental property management platform that simplifies the renting process for landlords and renters by automating and streamlining processes. Investors can quickly grow their rental businesses by using RentRedi’s all-in-one web and mobile app for rent collection, market listings, tenant screening, lease signing, maintenance coordination, and accounting. Tenants enjoy the convenience and benefits of RentRedi’s easy-to-use mobile app that allows them to pay rent, set up auto-pay, build credit by reporting rent payments to all three major credit bureaus, prequalify and sign leases, and submit 24/7 maintenance requests.

Founded in 2016, RentRedi is VC-backed and a proven leader in the PropTech market. The company ranks No. 180 on the Inc. 5000 list and No. 13 on the Inc. 5000 Regionals list. It was also named an Inc. Power Partner in 2023 and 2024, and to Fast Company’s Next Big Things in Tech list in 2024, as well as HousingWire’s Tech100 list in 2025. To date, RentRedi has more than $28 billion in assets under management with nearly 200,000 landlords and tenants using its platform. The company partners with technology leaders such as Zillow, TransUnion, Experian, Equifax, Realtor.com, Lessen, Thumbtack, Plaid, and Stripe to create the best customer experience possible. For more information visit RentRedi.com.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/1e1f54bc-0e48-44d2-ac3d-91e5bc17b910

https://www.globenewswire.com/NewsRoom/AttachmentNg/caf18e40-7b6f-4476-813a-0e363f878e93

https://www.globenewswire.com/NewsRoom/AttachmentNg/8172cf42-500a-4823-9640-3a5dbf32fa91

The MIL Network –

July 22, 2025

MIL-OSI: Recording of LHV Group’s 22 July investor webinar

Source: GlobeNewswire (MIL-OSI)

To give an overview of the 2025 Q2 financial results, LHV Group organised an investor meeting webinar on 22 July. An overview of the company’s progress was given by Madis Toomsalu, former Chairman of the Management Board of LHV Group, Mihkel Torim, Chairman of the Management Board of LHV Group, and Meelis Paakspuu, CFO of LHV Group.

The live coverage was followed by 32 participants, the live feed of the presentation was broadcast over Zoom.

Recording of the investor meeting (in Estonian) is available at: https://www.youtube.com/watch?v=4HRsdcw4O_c

Presentation (in English) at: www.lhv.ee/assets/files/investor/LHV_Group_Investoresitlus_2025-Q2_EN.pdf

LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group employs over 1,100 people. As at the end of June, LHV Pank services are being used by 474,000 clients, the pension funds managed by LHV have 110,000 active clients, and LHV Kindlustus protects a total of 176,000 clients. LHV Bank Limited, a subsidiary of the Group, holds a banking licence in the United Kingdom and provides banking services to international financial technology companies, as well as loans to small and medium-sized enterprises.

Investor Relations

Sten Hans Jakobsoo
Head of Investor Relations and Corporate Development
Email: stenhans.jakobsoo@lhv.ee

Communications

Paul Pihlak
Head of Investment Communications
Email: paul.pihlak@lhv.ee

The MIL Network –

July 22, 2025

MIL-OSI: Bitcoin Solaris Announces Final Genesis Event Offering: $1 Token Price for Last 100 Participants

Source: GlobeNewswire (MIL-OSI)

TALLINN, Estonia, July 22, 2025 (GLOBE NEWSWIRE) — Every altcoin season brings surprises. Some coins pump on pure hype. Others, like Bitcoin Solaris, are building real momentum by delivering on tech, scalability, and accessibility. The crypto market is once again heating up with investors racing to secure what could be the next big success story. Unlike overhyped projects riding temporary waves, Bitcoin Solaris has built its case on solid fundamentals. Its Genesis Event is currently rolling back the price from $13 to just $1 for a very short time, giving early investors a shot at a 1900% ROI before launch.

With just 100 slots left, this is the kind of opportunity that feels like Bitcoin’s early days repeating themselves, but with modern tech, faster performance, and mobile-first accessibility at the heart of its offering. This is why so many crypto enthusiasts are now focusing on BTC-S as their top altcoin pick for serious long-term potential.

Bitcoin Solaris: A Scalable, Mobile-First Future for Wealth Generation

Bitcoin Solaris is not just another altcoin chasing trends. Its core technology is designed to solve the issues Bitcoin never could. Through its dual-consensus architecture, Bitcoin Solaris offers 10,000+ transactions per second, validator rotation for fairness and security, and energy efficiency 99.95% greater than traditional mining. Its mobile-first scalability through the upcoming Solaris Nova app ensures mass adoption potential by letting users mine easily from any device.

These fundamentals make BTC-S more than hype. They make it a realistic contender for significant growth, offering everyday users new ways to build wealth through mining, transactions, and adoption.

Presale Momentum: Only Few Slots Left at $1

Bitcoin Solaris is now deep into its final presale phase, phase 13.

Current Price: $13
Launch Price: $20

Over $7.7M has been raised. 15,800+ unique users have joined. This is already one of the most explosive presales on record. But what is truly making waves is the Genesis Event rollback. For a very limited time, BTC-S is rolling back from $13 to just $1 for the final 100 participants.

Genesis Event Key Details:

Rollback to $1 instead of $13
Potential ROI of 1900% at launch
Only around 1 week left

This is not labeled as a discount or bonus. It is a rare opportunity for those who move fast enough to secure it.

Wallets like Trust Wallet and Metamask are recommended for receiving your tokens smoothly at launch.

Forget Hype, Bitcoin Solaris Is Backed by Real Tech and Real Growth

Influencers Are Talking

The buzz around Bitcoin Solaris is growing fast. Multiple influencers have already taken notice.

Token Empire praised the scalability and dual-consensus model.
Crypto Vlog highlighted the mobile-first mining and high TPS.
Token Galaxy focused on how BTC-S could mirror Bitcoin’s early wealth potential.

These are not throwaway reviews. These influencers are focused on fundamentals, and Bitcoin Solaris is delivering.

Why Bitcoin Solaris Has the Community Excited

Bitcoin Solaris offers more than speculation. Its foundation includes:

Energy-efficient mining
Dual-layer consensus for scalability and security
Smart contracts for DeFi adoption
10,000+ TPS for real-world use
Mobile-first approach via the upcoming Solaris Nova app

These features make it a standout in an increasingly crowded space.

Liquid Staking Brings Passive Income With Flexibility

Bitcoin Solaris is innovating beyond mining through its liquid staking model. Users earn rewards while maintaining full access to their assets through sBTC-S tokens (1:1). These tokens can be used in DeFi, traded, or held without restrictions.

Benefits of liquid staking:

Earn rewards while keeping liquidity
sBTC-S tokens fully usable in DeFi platforms
Supports network strength through increased staking
Fully integrated with the Solaris Nova App and its smart validator system

Learn more about this system at Bitcoin Solaris Liquid Staking.

Final Verdict: Bitcoin Solaris Is the Opportunity

Bitcoin Solaris is positioning itself as more than just another altcoin. With its advanced dual-consensus model, energy efficiency, and 10,000+ TPS scalability, BTC-S is built for real-world adoption while giving users easy access through mobile mining and DeFi. The project’s strategic rollout and growing user base show strong momentum heading into launch.

This is not about guessing the next meme coin. Bitcoin Solaris offers a realistic pathway to wealth creation through technology, accessibility, and scalability. The fact that only 100 slots remain at $1 adds urgency to what is already one of the most talked-about opportunities in the altcoin space right now. If you missed Bitcoin’s early days or watched other projects 10x without you, this could be the moment to finally change that narrative.

For more information on Bitcoin Solaris:
Website: https://www.bitcoinsolaris.com/
Telegram: https://t.me/Bitcoinsolaris
X: https://x.com/BitcoinSolaris

Media Contact:
Xander Levine
press@bitcoinsolaris.com
Press Kit: Available upon request

Disclaimer: This content is provided by Bitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

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

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/b6db7fef-96ce-4418-9b44-5b74ae312406

https://www.globenewswire.com/NewsRoom/AttachmentNg/cb9de2a0-74ca-4b37-b92e-0168c95ee4f9

https://www.globenewswire.com/NewsRoom/AttachmentNg/166fbb5e-2dc6-4672-94a2-44c0bbbe42cb

https://www.globenewswire.com/NewsRoom/AttachmentNg/b638ca37-b486-438b-9011-6495e84c60d0

The MIL Network –

July 22, 2025

MIL-OSI: Bitcoin Solaris Announces Final Genesis Event Offering: $1 Token Price for Last 100 Participants

Source: GlobeNewswire (MIL-OSI)

TALLINN, Estonia, July 22, 2025 (GLOBE NEWSWIRE) — Every altcoin season brings surprises. Some coins pump on pure hype. Others, like Bitcoin Solaris, are building real momentum by delivering on tech, scalability, and accessibility. The crypto market is once again heating up with investors racing to secure what could be the next big success story. Unlike overhyped projects riding temporary waves, Bitcoin Solaris has built its case on solid fundamentals. Its Genesis Event is currently rolling back the price from $13 to just $1 for a very short time, giving early investors a shot at a 1900% ROI before launch.

With just 100 slots left, this is the kind of opportunity that feels like Bitcoin’s early days repeating themselves, but with modern tech, faster performance, and mobile-first accessibility at the heart of its offering. This is why so many crypto enthusiasts are now focusing on BTC-S as their top altcoin pick for serious long-term potential.

Bitcoin Solaris: A Scalable, Mobile-First Future for Wealth Generation

Bitcoin Solaris is not just another altcoin chasing trends. Its core technology is designed to solve the issues Bitcoin never could. Through its dual-consensus architecture, Bitcoin Solaris offers 10,000+ transactions per second, validator rotation for fairness and security, and energy efficiency 99.95% greater than traditional mining. Its mobile-first scalability through the upcoming Solaris Nova app ensures mass adoption potential by letting users mine easily from any device.

These fundamentals make BTC-S more than hype. They make it a realistic contender for significant growth, offering everyday users new ways to build wealth through mining, transactions, and adoption.

Presale Momentum: Only Few Slots Left at $1

Bitcoin Solaris is now deep into its final presale phase, phase 13.

Current Price: $13
Launch Price: $20

Over $7.7M has been raised. 15,800+ unique users have joined. This is already one of the most explosive presales on record. But what is truly making waves is the Genesis Event rollback. For a very limited time, BTC-S is rolling back from $13 to just $1 for the final 100 participants.

Genesis Event Key Details:

Rollback to $1 instead of $13
Potential ROI of 1900% at launch
Only around 1 week left

This is not labeled as a discount or bonus. It is a rare opportunity for those who move fast enough to secure it.

Wallets like Trust Wallet and Metamask are recommended for receiving your tokens smoothly at launch.

Forget Hype, Bitcoin Solaris Is Backed by Real Tech and Real Growth

Influencers Are Talking

The buzz around Bitcoin Solaris is growing fast. Multiple influencers have already taken notice.

Token Empire praised the scalability and dual-consensus model.
Crypto Vlog highlighted the mobile-first mining and high TPS.
Token Galaxy focused on how BTC-S could mirror Bitcoin’s early wealth potential.

These are not throwaway reviews. These influencers are focused on fundamentals, and Bitcoin Solaris is delivering.

Why Bitcoin Solaris Has the Community Excited

Bitcoin Solaris offers more than speculation. Its foundation includes:

Energy-efficient mining
Dual-layer consensus for scalability and security
Smart contracts for DeFi adoption
10,000+ TPS for real-world use
Mobile-first approach via the upcoming Solaris Nova app

These features make it a standout in an increasingly crowded space.

Liquid Staking Brings Passive Income With Flexibility

Bitcoin Solaris is innovating beyond mining through its liquid staking model. Users earn rewards while maintaining full access to their assets through sBTC-S tokens (1:1). These tokens can be used in DeFi, traded, or held without restrictions.

Benefits of liquid staking:

Earn rewards while keeping liquidity
sBTC-S tokens fully usable in DeFi platforms
Supports network strength through increased staking
Fully integrated with the Solaris Nova App and its smart validator system

Learn more about this system at Bitcoin Solaris Liquid Staking.

Final Verdict: Bitcoin Solaris Is the Opportunity

Bitcoin Solaris is positioning itself as more than just another altcoin. With its advanced dual-consensus model, energy efficiency, and 10,000+ TPS scalability, BTC-S is built for real-world adoption while giving users easy access through mobile mining and DeFi. The project’s strategic rollout and growing user base show strong momentum heading into launch.

This is not about guessing the next meme coin. Bitcoin Solaris offers a realistic pathway to wealth creation through technology, accessibility, and scalability. The fact that only 100 slots remain at $1 adds urgency to what is already one of the most talked-about opportunities in the altcoin space right now. If you missed Bitcoin’s early days or watched other projects 10x without you, this could be the moment to finally change that narrative.

For more information on Bitcoin Solaris:
Website: https://www.bitcoinsolaris.com/
Telegram: https://t.me/Bitcoinsolaris
X: https://x.com/BitcoinSolaris

Media Contact:
Xander Levine
press@bitcoinsolaris.com
Press Kit: Available upon request

Disclaimer: This content is provided by Bitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

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

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/b6db7fef-96ce-4418-9b44-5b74ae312406

https://www.globenewswire.com/NewsRoom/AttachmentNg/cb9de2a0-74ca-4b37-b92e-0168c95ee4f9

https://www.globenewswire.com/NewsRoom/AttachmentNg/166fbb5e-2dc6-4672-94a2-44c0bbbe42cb

https://www.globenewswire.com/NewsRoom/AttachmentNg/b638ca37-b486-438b-9011-6495e84c60d0

The MIL Network –

July 22, 2025

MIL-OSI: US Payday Loans Online No Credit Check : RadCred Expands Bad Credit Loans for a Credit Score of 580 or lower for US Borrowers

Source: GlobeNewswire (MIL-OSI)

Glendale, July 22, 2025 (GLOBE NEWSWIRE) — While many so‑called online loans no credit check sites have disappeared in the past year, Google Trends now places “payday loans online no credit check” and “online payday loans for bad credit” among the fastest‑rising finance queries of 2025. In this climate, RadCred has secured its position as the most dependable payday loan marketplace for borrowers with scores 580 or below.

Independent analytics firms rank the platform first for visitor volume in the same‑day loans category, and consumer‑finance reviewers highlight RadCred’s soft‑pull pre‑qualification, transparent APR tables, and rapid ACH funding that can rival “1 hour payday loans no credit check” advertising claims.

By curating only state‑licensed and tribal direct lenders, RadCred delivers legitimate access to $255 payday loans online same day, small payday loans online no credit check, and other emergency‑cash products without exposing applicants to predatory rollover fees. In short, RadCred remains the rare, fully compliant bridge between heightened demand for bad credit payday loan options and a shrinking field of trustworthy providers.

Growing Demand for Payday Loans Online and Bad‑Credit Loans Across the U.S

Inflation, gig‑economy volatility, and tightening bank credit have pushed more Americans toward payday loans and other online loans for bad credit. Google Trends shows surging queries for “$255 payday loans online same day,” “payday loan online no credit check,” and “direct lenders only.”

The Federal Reserve’s 2024 SHED survey reports that 60 percent of adults cannot cover a $400 emergency without borrowing or selling assets. Sub‑prime borrowers now turn to no credit payday loans search results hoping to avoid multiple denials.

Visit the Official Radcred Site

Payday Loans vs. Personal Installment Loans for a 580 Credit Score

A bad credit payday loan typically requires repayment in a single lump sum on the borrower’s next payday, whereas a personal installment loan splits costs over three to 24 months. Both can originate entirely online, start with a no credit check loans style soft pull, and through RadCred come from state‑licensed direct lenders. Borrowers compare total repayment to decide whether a fast payday loans online same day option or a longer installment schedule better fits their budget.

How RadCred Routes Borrowers to Online Payday Loans for Bad Credit

Soft‑Inquiry Pre‑Screen – No hard pull to preview offers.
Licensing Filter – Only compliant lenders appear.
Smart‑Match Engine – Scores wages, benefits, gig deposits.
Offer Display – APR, fees, funding speed (including same day loans).
E‑Sign & Fund – Can deposit within hours for approved requests like small payday loans online no credit check seekers.

Soft Pull vs. “No Credit Check” and “Guaranteed Approval” Claims

Advertising copy frequently touts phrases such as “online loans no credit check,” “payday loans online no credit check,” and “guaranteed approval.” In a regulated environment, however, licensed lenders must still conduct due‑diligence reviews and cannot offer unconditional acceptance. RadCred therefore provides explicit clarification. Each application commences with a soft credit inquiry often marketed as a no credit check step so preliminary shopping does not affect an applicant’s FICO score.

Should an individual proceed with an offer, the relevant direct lender may execute a hard inquiry or request income documentation to substantiate repayment capacity. Consequently, the expression “guaranteed approval” should be interpreted as indicating a high preliminary match probability for qualified borrowers, rather than an assurance of funding.

Who Uses Radcred Payday Loans Online Same Day in 2025?

Internal RadCred analytics indicate that the predominant users of the platform are adults between 22 and 45 years of age, many of whom derive income from gig‑economy or part‑time positions and possess either sub‑prime scores or thin credit files. These applicants typically request modest principal amounts most frequently between $255 and $500 to address urgent obligations such as rent or utility arrears. Their search queries feature terms like “online payday loans for bad credit” and “same‑day loans” when expenses arise before payday.

Step‑by‑Step: Applying Without Hurting Your Credit Score

Check credit files.
Pre‑qualify on RadCred with a soft pull.
Compare offers, including APR on online payday loans and small personal loans.
Upload pay stub or bank screenshot.
E‑sign disclosures.
Receive ACH funds—sometimes in under an hour.
Repay on schedule; many lenders waive early‑pay fees.

RadCred vs. Traditional Payday Stores

Heading to a storefront lender still means driving across town, waiting in line, filling out forms by hand, and writing a post‑dated check not ideal when payday loans online or same‑day loans can be requested from your phone in minutes. Miss the lump‑sum due date and renewal fees snowball fast. The fine print usually shows up only at the counter, and every fresh application can trigger a hard credit inquiry that drops an already low score. Long lines, short business hours, and paper receipts add more hassle, while many single‑location shops never post full APR tables or meet modern data‑security standards.

RadCred brings the whole process online. A simple, mobile‑friendly form grabs basic details, runs a soft‑credit check often marketed as an online loan no credit check step—and instantly lists state‑licensed offers from direct lenders only with clear APR, fees, and total repayment. Funds move by ACH, so approved same‑day payday loans can land in a checking account within hours no lines, no paper checks. AES‑256 encryption and SOC‑2‑audited servers protect personal data, while a ZIP‑code filter screens out unlicensed lenders.

Borrowers get quicker, safer access to transparent payday loans online for bad credit and small payday loans online no credit check with minimal impact on their credit scores.

Frequently Asked Questions

What APR can I expect with a 580 credit score?
State caps vary; payday APRs can exceed 200 %, while installment loans via RadCred may start near 35 %.

Can I get a no credit payday loan truly without a hard inquiry?
A hard pull may still occur after you accept an offer.

How fast do same‑day payday loans fund?
Cut‑off‑time approvals may post within hours, but next‑day deposits are common.

Are there online loans no credit check for larger amounts?
Bigger sums usually require at least a soft pull and sometimes collateral or co‑signers.

Will paying a payday loan on time improve my score?
Only if the lender reports to at least one bureau.

Conclusion

RadCred’s refreshed marketplace converts stressful “loan denied” searches into side‑by‑side comparisons of payday loans online, payday loans online same day, and installment alternatives. After a simple soft credit pull as online loans no credit check—the platform displays only licensed, direct‑lender offers, complete with APR and total‑repay figures. Funding speeds can rival promises like “1 hour payday loans no credit check” or “$255 payday loans online same day,” yet borrowers see transparent, clearly disclosed terms before signing. Consumers with credit scores 580 or below gain responsible access to same‑day loans, bad credit payday loan options, and emergency cash without predatory rollover traps.

About RadCred

Founded in 2018, RadCred connects applicants to a vetted network of state‑licensed and tribal lenders offering online loans from $255 payday loans online same day to $5,000 installment plans. The platform uses income‑first underwriting, encrypted data handling, and clear cost disclosures to expand small‑dollar credit for underserved Americans.

Disclaimer

RadCred is not a lender. Loan approval, APR, fees, amount, and funding speed are set by participating lenders and governed by applicable law. Preliminary offers use a soft inquiry; a hard pull may follow acceptance. Availability varies by state. Borrow responsibly—only what you can repay.

The MIL Network –

July 22, 2025

MIL-OSI: BlockchainCloudMining Launches Stable Yield Contract for XRP Holders, Earning Over $7,700 a Day

Source: GlobeNewswire (MIL-OSI)

New York, NY, July 22, 2025 (GLOBE NEWSWIRE) — In a major step forward for digital asset utility, BlockchainCloudMining has officially launched its next-generation cloud mining platform, specifically optimized for XRP holders. As cryptocurrency markets begin to rebound, this platform offers investors a powerful new tool to turn dormant holdings into daily passive income—with some contracts yielding returns of over $7,700 per day.

In the past few years, Ripple (XRP), as a star currency in international payment scenarios, has millions of holders around the world. Although its transaction speed and handling fee advantages are widely recognized, most investors are still trapped in the passive strategy of “buy-hold-wait and see”. Now, a more operational and closer to real-world benefits is becoming popular: use XRP to directly participate in cloud mining and let digital assets “work” for you every day.

Innovative model: Blockchain cloud mining wealth is growing steadily

BlockchainCloudMining is an innovative technology company headquartered in London, UK, focusing on providing multi-currency cloud mining solutions to users around the world. Compared with the traditional “self-purchased mining machines, self-built computer rooms, and self-managed computing power”, the platform has built a low-threshold and high-yield model of “invest and mine immediately” for users, which is particularly suitable for highly liquid crypto assets such as XRP.

The advantages of the BlockchainCloudMining platform are as follows:

⦁ Register to get an instant reward of $12.
⦁ High profit level and daily dividends.
⦁ No other service fees or management fees.
⦁ The platform supports more than 9 cryptocurrency settlements, such as DOGE, BTC, ETH, SOL, USDC, USDT, XRP, LTC, and BCH.
⦁ The company’s affiliate program allows you to recommend friends and get up to $50,000 in referral bonuses.
⦁ McAfee® security. Cloudflare® security. 100% uptime guarantee and excellent 24/7 manual online technical support.

How to use BlockchainCloudMining to easily earn daily income?

Step 1: Register an account
You can register an account by entering your email address and setting a platform login password. After registration, you will receive a $12 registration bonus, which can be used to purchase a $12 contract with a daily income of $0.6. This plan provides users with free cloud mining services without any financial risk.

Step 2: Purchase a mining contract
BlockchainCloudMining offers a variety of mining contract options, such as $100, $500, and $1,000 contracts. Each contract has a unique return on investment (ROI) and a specific contract period. You can earn more efficient and stable income by participating in the following contracts:
⦁【New User Experience Contract】: Investment amount: $100, contract period 2 days, total income: $100 + $6.
⦁【WhatsMiner M66S】: Investment amount: $500, contract period 7 days, total income: $500 + $45.5.
⦁【WhatsMiner M60】: Investment amount: $1,000, contract period 14 days, total return: $1,000 + $196.
⦁【Bitcoin Miner S21+】: Investment amount: $3,000, contract period 20 days, total return: $3,000 + $900.
⦁【ALPH Miner AL1】: Investment amount: $10,000, contract period 35 days, total return: $10,000 + $5,950.
⦁【ANTSPACE HK3】: Investment amount: $33,000, contract period 40 days, total return: $33,000 + $26,400.

You can get the return the next day after purchasing the contract, or you can choose to withdraw to your crypto wallet or continue to purchase other contracts.
(The platform has launched a number of stable income contracts. For more contract details, please visit Blockchaincloudmining.com official website)

Looking to the future: Make “financial freedom” truly achievable
As a leader in the payment chain, the value of XRP should not be limited to “transfer tools”. The success of BlockchainCloudMining has verified a new direction: through resource integration, digital assets can have stable cash flow functions.

In today’s global economic uncertainty, this kind of “low-risk, stable return” investment model is increasingly accepted and sought after by investors. For those investors who want to jump out of the vortex of currency price fluctuations and achieve long-term steady growth, this is undoubtedly a feasible, realistic, and verified path.

In short: From a coin holder to a passive income controller, you are only one contract away
In the blockchain world, time never waits for anyone. In the past, you may have been a passive XRP investor, but now, you can use your assets to participate in a mature and transparent system-BlockchainCloudMining, so that each of your XRPs can become a “digital mining machine” that continues to generate interest.

True financial freedom is not about waiting for the price of coins to soar and get rich overnight, but about taking control of your daily cash flow.

For more details, visit: BlockchainCloudMining.com
Or contact the platform email: info@blockchaincloudmining.com