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ChoiceOne Reports Second Quarter 2025 Results
ChoiceOne Financial Services (COFS) reported its Q2 2025 financial results following its merger with Fentura Financial on March 1, 2025. The merger added approximately $1.8 billion in assets. Q2 net income was $13.53 million, up from $6.59 million year-over-year, while the six-month period resulted in a net loss largely due to merger-related expenses. GAAP net interest margin increased to 3.66%. Core loans grew organically by 10.0% over the past year. Assets reached $4.3 billion.
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Portland General Electric Announces Second Quarter 2025 Results
Portland General Electric reported GAAP net income of $62 million for Q2 2025, driven by data center demand growth. Non-GAAP net income was $73 million, excluding business transformation expenses. The company is seeking regulatory approval for a holding company reorganization and cost recovery for its Distribution System Plan and Seaside Battery project. PGE reaffirmed its 2025 adjusted earnings guidance of $3.13 to $3.33 per diluted share, based on energy delivery growth of 2.5% to 3.5%.
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Luigi de Vecchi Joins Evercore’s European Advisory Business Fueling European Expansion
Evercore is expanding its European advisory business by hiring Luigi de Vecchi as senior managing director and chairman of its continental European operations, starting September 2025. De Vecchi, a veteran investment banker from Citigroup and Credit Suisse, will be based in Evercore’s new Milan office, focusing on growth across Italy and Europe. His experience is expected to strengthen Evercore’s European presence and service to clients.
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Absci Announces Pricing of Public Offering
Absci (ABSI) announced the pricing of its public offering of 16,670,000 shares at $3.00 per share, expecting gross proceeds of $50 million. Underwriters have a 30-day option to purchase an additional 2,500,500 shares. Absci will use the funds for program advancements, platform investment, and general corporate purposes. Morgan Stanley, J.P. Morgan, Jefferies, and TD Cowen are managing the offering, expected to close around July 25, 2025.
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Motorola Solutions Pioneers ‘AI Nutrition Labels’ for Public Safety and Enterprise Security
Motorola Solutions is introducing “AI nutrition labels” for its public safety and enterprise security products, aiming for transparency in AI deployment. These labels will detail aspects like AI type, data ownership, human oversight, and intended purpose. The initiative, stemming from the Motorola Solutions Technology Advisory Committee (MTAC), showcases the company’s commitment to responsible AI, providing clear information about AI’s role in protecting communities and supplementing human capabilities during incidents.
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Internet Domain Name Registrations Reach 371.7 Million in Q2 2025: DNIB.com Report
VeriSign’s latest Domain Name Industry Brief (DNIB) reports continued growth in the global domain name market, reaching 371.7 million registrations by the end of Q2 2025, a 0.9% increase from Q1 and 2.6% year-over-year. .com and .net registrations collectively totaled 170.5 million. ccTLDs also saw growth, reaching 143.4 million registrations. The report indicates a maturing but expanding market driven by global digitization. DNIB.com, backed by Verisign, provides detailed domain name industry analysis.
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Sturgis Bancorp, Inc. Announces Second Quarter 2025 Financial Results
Sturgis Bancorp (STBI) reported a strong Q2 2025 with net income increasing to $1.6 million and earnings per share reaching $0.76. The net interest margin improved significantly to 3.62%. Deposits grew by $40 million to $882 million. Wholesale funding dependence was reduced. However, noninterest expenses increased, and noninterest income decreased year-to-date. The bank maintains a strong capital position with a Tier 1 leverage ratio of 8.00%.
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New Toll Brothers Model Home Opens in Dripping Springs, Texas
Toll Brothers is launching its Lady Bird model home in the Headwaters community in Dripping Springs, Texas, on July 26, 2025. The development features luxury single-family homes from the upper $400,000s, ranging from 1,913 to 3,555 sq ft, with 3-5 bedrooms. Residents can enjoy amenities like a resort-style clubhouse, pool, fitness center, and over 1,000 acres of open space. Located in the Dripping Springs Independent School District, buyers can personalize homes at the Toll Brothers Design Studio. Move-in ready options are available.
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Martin Marietta Q2 2025 Earnings Conference Call Announcement
Martin Marietta Materials (NYSE:MLM) will release its Q2 2025 earnings before market open on Thursday, August 7, 2025. A conference call will follow at 10:00 a.m. Eastern Time, accessible via live webcast on the company’s investor relations website. Martin Marietta operates in 28 states, Canada, and The Bahamas, producing aggregates, cement, ready-mixed concrete, and asphalt. Their Magnesia Specialties division also manufactures magnesia and dolomitic lime products.
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Belgravia Hartford Acquires Additional 25 Bitcoin
Belgravia Hartford Capital Inc. (BLGV) has announced its largest single-day Bitcoin purchase, acquiring 25.03 BTC funded entirely by a recent CAD $4,022,955.55 private placement. This increases Belgravia’s total BTC holdings to 40.7719114, yielding a 13% return since June 5, 2025. The purchases were executed via Coinsquare’s OTC desk. Belgravia plans further BTC acquisitions, deploying an additional USD $5M upon closing an agreement with Round13.