Malaga Financial Corp (OTCIQ: MLGF), the parent of Malaga Bank FSB, on Wednesday posted a 7% drop in first-half earnings, citing the prior year’s Employment Retention Credit (ERC) and lower net interest income. Net income fell to $10.95 million, or $1.16 per share, for the six months ended June 30, from $11.79 million, or $1.25…
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Richemont delivers solid start to fiscal year, driven by jewellery sales and regional expansion
LUXEMBOURG: Compagnie Financière Richemont SA reported a solid start to its fiscal year, with group sales rising 6% at constant exchange rates to €5.4 billion for the first quarter ended June 30, 2025, despite persistent macroeconomic and geopolitical volatility. The increase was fueled by sustained growth across key markets and distribution channels, with standout performances…
Kayne Anderson BDC invests $126 million in SG Credit Partners to expand lower middle market lending
NEWPORT BEACH: Kayne Anderson BDC, Inc. (NYSE: KBDC) has announced a strategic investment in SG Credit Partners, Inc., a national credit platform serving the lower middle market, to enhance its private credit investment capabilities and diversify its portfolio. The investment comprises an $80 million term loan facility, a $34 million delayed draw term loan, and…
Hancock Whitney reports Q2 2025 earnings; Adjusted profit stable amid loan growth
NEW ORLEANS: Hancock Whitney Corporation (HWC) announced second-quarter net income of $113.5 million, or $1.32 per diluted share, on Wednesday. This compares to $119.5 million, or $1.38 per share, in the first quarter of 2025 and $114.6 million, or $1.31 per share, in the second quarter of 2024. The results included $5.9 million in one-time…
Thinking Machines Lab, AI startup founded by Mira Murati, raises $2 billion
Thinking Machines Lab, the artificial intelligence startup launched by former OpenAI executive Mira Murati, has secured $2 billion in funding as it gears up to debut its first product within months. Murati, who briefly served as interim CEO of OpenAI during a tumultuous leadership shakeup in 2023, founded Thinking Machines in February after stepping down…
Blackstone to invest $25 billion in Pennsylvania infrastructure, catalyzing $60 billion more
Blackstone Inc (NYSE: BX) said on Monday it will invest more than $25 billion through its infrastructure and real estate funds to expand Pennsylvania’s digital and energy infrastructure, a move expected to spur an additional $60 billion in third-party investment across the state. The private equity giant aims to transform the Commonwealth into a strategic…
Cavco to acquire American Homestar for $190 million; Expand presence in south-central U.S.
Cavco Industries Inc (Nasdaq: CVCO) said on Monday it would acquire American Homestar Corporation, the Houston-based maker of Oak Creek Homes, for $190 million in cash to deepen its footprint across Texas and neighboring states. The deal, expected to close in Cavco’s fiscal Q3 2026 pending regulatory approvals, marks a strategic investment aimed at scaling…
Equity Bancshares posts higher Q2 earnings; Closes NBC merger
WICHITA: Equity Bancshares, Inc. (NYSE: EQBK), the parent company of Equity Bank, reported second-quarter net income of $15.3 million, or $0.86 per diluted share, for the period ending June 30, 2025, the company announced Tuesday. Adjusted earnings, excluding $1.7 million in expenses tied to its recently completed merger with NBC Corp. of Oklahoma and debt…
Longevity Health merges with THPlasma in all-stock deal, targets plasma shortage
NEW YORK: Longevity Health Holdings, Inc. (Nasdaq: XAGE), a company focused on human longevity and healthy aging, announced Tuesday the execution of a definitive agreement to merge with True Health Inc., operator of the THPlasma brand, in an all-stock transaction. The combined company is expected to continue trading on Nasdaq under the ticker “XAGE” after…
Churchill Downs acquires majority stake in New Hampshire casino venture
LOUISVILLE: Churchill Downs Incorporated (Nasdaq: CHDN) announced Tuesday it has signed definitive agreements to acquire a majority stake in Casino Salem, a joint venture developing a charitable gaming, dining and entertainment venue featuring historical horse racing machines (HRMs) in Salem, New Hampshire. The venue is located at The Mall at Rockingham Park, approximately 30 minutes…
FB Financial posts $2.9 million Q2 profit amid growth in loans and deposits
NASHVILLE: FB Financial Corporation (NYSE: FBK), parent company of FirstBank, reported second-quarter net income of $2.9 million, or 6 cents per diluted common share, marking a sharp decline from 84 cents in the previous quarter and 85 cents a year earlier. Adjusted net income reached $40.8 million, or 88 cents per diluted share, up from…
Rising Phoenix Capital expands Midland Basin holdings with strategic mineral acquisition
MIDLAND: Rising Phoenix Capital, a boutique investment firm specializing in oil and gas mineral royalty acquisitions, said Friday it has acquired mineral rights in Texas’ Midland Basin through its Maroon Bells Fund. The assets, located in Ector and Midland Counties and operated by ConocoPhillips, include producing wells and permitted sites for near-term development. The firm…