RUSTON: Century Next Financial Corp. (OTCQX: CTUY), the holding company for Century Next Bank, reported record earnings for the second quarter ended June 30, 2025, driven by strong deposit growth and improved net interest income. Net income rose to $3.94 million, a 28.5% increase from $3.06 million in the same quarter last year. Earnings per…
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SLB posts steady second-quarter revenue as global market holds firm
HOUSTON: SLB (NYSE: SLB) reported second-quarter revenue of $8.55 billion, a 1% sequential increase, as steady demand across international markets offset regional slowdowns and subdued upstream spending. The oilfield services provider posted net income of $1.01 billion on a GAAP basis, with diluted earnings per share of $0.74—up 28% sequentially but 4% below the prior-year…
Charles Schwab 2Q profit jumps 60% as investor activity fuels asset surge
The Charles Schwab Corporation posted second-quarter GAAP net income of $2.1 billion, or $1.08 per share, marking a 60% rise from the year-earlier period as robust asset gathering and diversified revenues powered earnings growth. Excluding $128 million in transaction-related costs, adjusted earnings climbed to $2.2 billion, or $1.14 per share. CEO Rick Wurster credited Schwab’s…
AMCON Distributing posts $2.13 EPS in Q3; Seeks strategic expansion amid inflationary pressures
OMAHA: AMCON Distributing Company (NYSE American: DIT) reported third-quarter diluted earnings per share of $2.13, with net income of $1.3 million as the Omaha-based distributor advances its integration efforts following recent acquisitions. Quarterly Highlights Chairman and CEO Christopher H. Atayan said the company is focused on expanding its customer-centric services, with system integration positioning AMCON…
Pavilion Payments acquires CasinoSoft, bolstering compliance and automation offerings
LAS VEGAS: Pavilion Payments, a leading provider of omnichannel payment solutions for the gaming industry, has acquired CasinoSoft, a long-standing developer of AML/Title 31 compliance, tax form automation, jackpot handling, and regulatory reporting software. The acquisition integrates Pavilion Payments’ seamless funding ecosystem with CasinoSoft’s powerful compliance tools, forming a unified platform that streamlines casino operations—from…
Hunt Companies acquires majority stake in Carter to bolster U.S. mixed-use development push
ATLANTA: Hunt Companies Inc., an El Paso-based holding company with interests spanning real estate, infrastructure and financial services, has acquired a majority stake in Carter, a leading real estate investment and development firm headquartered in Atlanta. The acquisition strengthens Carter’s position in mixed-use and residential development and expands its platform to pursue large-scale opportunities across…
Bonduelle completes sale of French packaged salad business to LSDH Group
PARIS: The Bonduelle Group finalized the sale of its packaged salad business in France to the LSDH Group on July 17, the company said Friday. The deal, first announced on Aug. 29, 2024, marks Bonduelle’s strategic exit from a segment that has faced a decade-long decline in domestic consumption. The business represented approximately 3.5% of…
United Security Bancshares Q2 profit slides on higher loan loss provisions
FRESNO: United Security Bancshares (Nasdaq: UBFO) reported a 49.5% year-over-year decline in second-quarter net income, citing elevated student loan charge-offs and increased deposit costs. Net income fell to $2.2 million, or $0.13 per diluted share, from $4.3 million, or $0.25 per share, in the same quarter last year. The bank recorded a $1.9 million provision…
Defense startup Hadrian secures $260 million to expand U.S. manufacturing capacity
LOS ANGELES: U.S. defense manufacturing startup Hadrian announced on Thursday the close of a $260 million Series C funding round, led by Founders Fund and Lux Capital, to significantly expand its production facilities aimed at bolstering American naval defense capabilities. The Hawthorne, California-based company, which uses automation, robotics, and artificial intelligence to produce precision machine…
Inszone Insurance acquires Kansas-based Snell-Nelson Insurance
SACRAMENTO: Inszone Insurance Services, a national provider of commercial, personal and benefits insurance, has acquired Snell-Nelson Insurance Agency, Inc., expanding its footprint in Kansas and Oklahoma. Founded in Ashland, Kan., in 1985 by Monica Meininger, Snell-Nelson Insurance built its reputation on serving clients in farm and ranch, oil and gas, and personal insurance lines. The…
TSMC earnings surge 61% as AI chip demand fuels record quarter
TAIPEI: Taiwan Semiconductor Manufacturing Co. (TSMC) on Thursday reported a 61% surge in second-quarter profit, setting a quarterly record as strong demand for artificial intelligence chips continued to drive sales. The world’s largest contract chipmaker posted net income of NT$398.27 billion ($12.7 billion) for the June quarter, surpassing LSEG SmartEstimate forecasts of NT$377.86 billion. Revenue…
Diageo CEO Debra Crew steps down; CFO Nik Jhangiani named interim chief
LONDON: Debra Crew has stepped down as chief executive officer of Diageo PLC after nearly two years in the role, the spirits giant said Wednesday, with Chief Financial Officer Nik Jhangiani appointed as interim CEO. The departure comes as the maker of Johnnie Walker whisky and Guinness beer pushes ahead with a cost-cutting and turnaround…