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Toronto Sun
13 hours ago
- Entertainment
- Toronto Sun
‘WE NEVER DISCUSSED POLITICS': Jay Leno on late-night TV now vs. then
Jay Leno attends amfAR Las Vegas at Wynn Las Vegas on November 22, 2024 in Las Vegas, Nevada. Photo by David Becker / Getty Images Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Jay Leno says things are a lot different on late-night television than when he was hosting The Tonight Show . This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account And while things have changed, one thing he suggests hosts should keep to themselves is their political beliefs. The comedian ensured that during his tenure on late-night television that his humour was nonpartisan, which is no longer the case, something he thinks is a mistake. 'I got hate letters saying, 'You and your Republican friends,' and another saying, 'I hope you and your Democratic buddies are happy,' over the same joke,' Leno said in an interview with The Ronald Reagan Presidential Foundation & Institute. 'That's how you get a whole audience,' he explained to David Trulio, the foundation's president and CEO. 'Now, you have to be content with half the audience, because you have to give your opinion.' The 75-year-old spoke about his friendship with late actor-comedian Rodney Dangerfield. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. 'I knew Rodney 40 years, and I have no idea if he was a Democrat or Republican,' Leno said. 'We never discussed politics; we just discussed jokes,' he continued. 'I like to think that people come to a comedy show to get away from the pressures of life,' Leno added. 'I love political humour, don't get me wrong, but people wind up cozying too much to one side or the other.' Earlier this month, CBS announced it was cancelling The Late Show with Stephen Colbert , citing financial reasons. But the timing has been controversial, given Colbert's criticism of President Donald Trump's settlement with CBS parent company Paramount over a 60 Minutes lawsuit. RECOMMENDED VIDEO While comedy can both unite and divide people, Leno said there are ways to establish common ground. This advertisement has not loaded yet, but your article continues below. 'I don't think anybody wants to hear a lecture,' Leno said. 'Why shoot for just half an audience? Why not try to get the whole? I don't understand why you would alienate one particular group.' He noted that he likes to 'bring people into the big picture,' before suggesting, 'Or just don't do it at all.' The car buff added: 'I'm not saying you have to throw your support [on one side]. But just do what's funny.' Read More Leno hosted The Tonight Show from 1992 to 2009 before he went to prime time with his talk show The Jay Leno Show . However, it was met with poor ratings, as was his Tonight Show successor, Conan O'Brien, and Leno eventually returned to the late-night spot in 2010 before retiring in 2014. Jimmy Fallon took over as host in 2014 and has been at the helm since. Celebrity Golf World Toronto & GTA Wrestling
UPI
5 days ago
- UPI
Airforce pauses use of M18 pistol after deadly incident
Air Force Global Strike Command prompts limiting the usage of M18, manufactured by Sig Sauer, after a deadly incident on Sunday at a Wyoming Air Force Base. File Photo by David Becker/UPI | License Photo July 24 (UPI) -- Air Force Global Strike Command limited the usage of M18 after a deadly incident on Sunday at a Wyoming Air Force Base. On Monday, the Air Force issued a "stand down" of the weapon until all bases can do inspections of the M18s. Officials said, personnel will use the M4 rifle instead. "We want to make sure there's nothing wrong with the weapon," said an Air Force official. A service member, who has not yet been identified, was killed Sunday after their sidearm discharged, Air Force officials said in a statement. "Out of an abundance of caution and to ensure the safety and security of our personnel, the pause will remain in place pending the completion of comprehensive investigations by the Air Force Office of Special Investigations and the Safety office," said Charles "Moose" Hoffman, the command's spokesman. Hoffman said it's still not clear if his death was a result of an uncommanded discharge, a negligent discharge or a criminal act. Sig Sauer manufacturer of the M18 in recent years and has had 77 lawsuits over alleged "uncommanded discharges."
Business Wire
5 days ago
- Business
- Business Wire
First Internet Bancorp Reports Second Quarter 2025 Results
FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bancorp (the 'Company') (Nasdaq: INBK), the parent company of First Internet Bank (the 'Bank'), announced today financial and operational results for the second quarter ended June 30, 2025. Second Quarter 2025 Financial Performance Net income of $0.2 million and diluted earnings per share of $0.02 Pre-tax, pre-provision income ('PTPP') of $11.7 million 1 A decrease of 1.8% from PTPP 1 for the first quarter of 2025 An increase of 17.2% from PTPP 1 for the second quarter of 2024 Net interest income of $28.0 million and fully-taxable net interest income of $29.1 million 1 , increases of 11.5% and 11.0%, respectively, from the first quarter of 2025 Net interest margin of 1.96% and fully-taxable equivalent net interest margin of 2.04% 1 , increases of 14 and 13 basis points ('bps'), respectively, from the first quarter of 2025 Loan growth of $108.2 million, a 2.5% increase from the first quarter of 2025; deposit growth of $353.2 million, a 7.1% increase from the first quarter of 2025; loans to deposits ratio of 82.3% Nonperforming loans to total loans of 1.00%; net charge-offs to average loans of 1.31%; allowance for credit losses to total loans of 1.07% Tangible common equity to tangible assets of 6.35% 1 , and 6.96% 1 ex-AOCI and adjusted for normalized cash balances; CET1 ratio of 8.90% Tangible book value per share of $44.251, a 0.5% increase from the first quarter of 2025 'In the second quarter, we continued to address credit issues in our franchise finance and our small business loan portfolios; the work we did here is evident in our provision expense as well as our bottom line results,' said David Becker, CEO and Chairman of First Internet Bancorp. 'Entering the third quarter, we see encouraging signs in both portfolios. Further, our overall asset quality and capital levels remain sound. 'Core banking metric continue to improve, with our second quarter results reflecting strong growth in net interest income and continued improvement in our net interest margin. We have now delivered seven straight quarters of rising net interest income, driven by increased yields on our earning assets and lower funding costs, which have significantly improved our operating efficiency. 1 This information represents a non-GAAP financial measure. For a discussion of non-GAAP financial measures, see the section below entitled "Non-GAAP Financial Measures." 'We also experienced robust growth in fintech deposits, which allowed us to maintain solid balance sheet liquidity, as shown by our healthy loans-to-deposits ratio. We are in a great position to grow earnings and profitability from here. I deeply appreciate our team's dedication and hard work in creating lasting value for our stakeholders.' Credit Update Net charge-offs of $14.3 million in 2Q25; primarily small business lending and franchise finance with $7.3 million of specific reserves in place Nonperforming loans increased $9.3 million from 1Q25 to $43.5 million as of June 30, 2025, representing 1.00% of total loans Primarily driven by franchise finance loans moved to nonaccrual with related specific reserves NPLs / total loans is in line with banking industry-wide 1.00% nonperforming loans (as published by the Federal Reserve) Total delinquencies 30 days or more past due (excluding nonperforming loans) declined to 0.62% of total performing loans, down from 0.77% as of March 31, 2025 Franchise Finance Update Actively working on resolution strategies with identified problem loans Moved $12.6 million to nonaccrual in 2Q25 with related specific reserves of $4.5 million Delinquencies up modestly from March 31, 2025 but loan count is low – 9 loans out of 633 total loans in the portfolio Working with borrowers in earlier stage of delinquency to pursue solutions that minimize losses Pace of new delinquencies has slowed No loans on deferral as of June 30, 2025, down from 22 loans at the end of 2024 (leading indicator of problem loans) Recent success with workout strategies – recovery rate of 75% on certain problem loans Small Business Lending Update $1.8 billion in total balances originated since January 1, 2020 as a nationwide, generalist lender Credit experience in the Company's portfolio is consistent with publicly disclosed data regarding the SBA 7(a) program portfolio for all lenders Nonaccrual loans and net charge-offs elevated in the 2022-2023 vintages Select industries have underperformed on a relative basis Successive refinements to our credit approval criteria and processes, beginning in 2023, have led to improved performance Nonaccrual loans appear to have plateaued Delinquencies as of June 30, 2025 are down $2.4 million, or 23%, from December 31, 2024 and down $7.4 million, or 48%, from March 31, 2025 $3.7 million on deferral as of June 30, 2025 – down from $10.4 million as of December 31, 2024 Secondary market sales deferred during the second quarter of 2025 to align with SBA expectations $1.6 million in gain on sale in 2Q25 vs. $8.6 million in 1Q25 Loans sales in the third quarter have resumed at a normalized run rate: $52 million in guaranteed balances sold quarter-to-date, for an anticipated $3.7 million net gain on sale (additional loan sales to follow) Financial Outlook Continued net interest income and net interest margin expansion through combination of higher loan origination yields and deposit repricing Gain on sale of SBA 7(a) loans reverts to normalized levels as significant loan sale activity resumes in 3Q25 Continued uncertainty around global and domestic economic policy may impact outlook 3Q25 Outlook 4Q25 Outlook FY 2026 Outlook Loan growth ~2% (not annualized) ~2% (not annualized) 5% - 7% Net interest income (FTE) ~$33.5 million ~$35.5 million $158 - $163 million Net interest margin (FTE) 2.20% - 2.25% 2.30% - 2.35% 2.50% - 2.60% Noninterest income ~$13.25 million ~$13.25 million $51 - $54 million Noninterest expense ~$27 million ~$27 million $108 - 112 million Provision for credit losses $10 - $11 million $10 - $11 million $37 - $40 million Expand Net Interest Income and Net Interest Margin Net interest income for the second quarter of 2025 was $28.0 million, compared to $25.1 million for the first quarter of 2025, and $21.3 million for the second quarter of 2024. On a fully-taxable equivalent basis, net interest income for the second quarter of 2025 was $29.1 million, compared to $26.3 million for the first quarter of 2025, and $22.5 million for the second quarter of 2024. Total interest income for the second quarter of 2025 was $80.9 million, an increase of 5.3% compared to the first quarter of 2025, and an increase of 14.0% compared to the second quarter of 2024. On a fully-taxable equivalent basis, total interest income for the second quarter of 2025 was $82.0 million, an increase of 5.2% compared to the first quarter of 2025, and an increase of 13.7% compared to the second quarter of 2024. The yield on average interest-earning assets for the second quarter of 2025 increased to 5.65% from 5.57% for the first quarter of 2025, due to an 8 basis point ('bp') increase in the yield earned on loans and a 7 bp increase in the yield earned on securities, partially offset by a 6 bp decrease in the yield earned on other earning assets. Compared to the linked quarter, average loan balances, including loans held-for-sale, increased $164.3 million, or 3.9%, and the average balance of securities increased $33.1 million, or 3.7%, while the average balance of other earning assets decreased $48.5 million, or 10.9%. Interest income earned on commercial loans was higher due primarily to increased average balances within the small business lending (including loans held-for-sale), construction, single tenant lease financing, commercial and industrial and investor commercial real estate portfolios. This was partially offset by lower average balances in the franchise finance and healthcare finance portfolios. In the consumer loan portfolio, interest income was up modestly due primarily to higher average balances in the trailers portfolio, partially offset by lower average balances in the residential mortgage portfolio. The yield on funded portfolio loan originations was 7.55% in the second quarter of 2025, a decrease of 23 bps compared to the first quarter of 2025, and a decrease of 133 bps compared to the second quarter of 2024, reflective of 100 bps of Fed rate cuts in the second half of 2024. Interest income earned on securities during the second quarter of 2025 increased $0.6 million, or 6.5%, compared to the first quarter of 2025, driven by an increase in both average balances and the yield earned on the portfolio. This was offset by a decline in interest income earned on other earning assets of $0.6 million, or 11.1%, in the second quarter of 2025 compared to the linked quarter, due to both the decrease in average cash balances and lower yields earned on those balances. Total interest expense for the second quarter of 2025 was $52.9 million, an increase of $1.2 million, or 2.2%, compared to the linked quarter, as the average balance of interest-bearing liabilities increased $143.2 million, or 2.7%, partially offset by a decline in the cost of related funds of 6 bps to 3.96%. Interest expense related to interest-bearing deposits decreased $0.8 million, or 1.7%, driven primarily by lower average balances and lower cost of funds related to CDs, brokered deposits and money market accounts. This was partially offset by an increase in the average balance of interest-bearing demand deposits, as well as an increase in the cost of funds related to these deposits. Overall, the cost of interest-bearing deposits declined to 3.92% during the second quarter of 2025, compared to 4.01% for the first quarter of 2025. Average CD balances decreased $53.7 million, or 2.6%, compared to the linked quarter, while the cost of funds decreased 14 bps. The weighted average cost of new CDs during the second quarter of 2025 was 4.27%, 60 bps lower than the cost of maturing CDs. The average balance of brokered deposits decreased $206.7 million, or 38.2%, as the Company paid down $200.0 million of these deposits near the end of the first quarter of 2025, while the cost of funds declined 6 bps. Furthermore, the average balance of money market accounts decreased $34.0 million, or 2.8%, while the cost of funds decreased 3 bps. Partially offsetting this activity was growth in the average balance of interest-bearing demand deposits, which increased $270.1 million, or 28.2%, compared to the first quarter of 2025 as growth in fintech deposits remained strong throughout the quarter. Furthermore, the cost of funds related to these deposits increased 23 bps during the quarter. Additionally, interest expense was negatively impacted by the cost of other borrowed funds in the second quarter of 2025, as the Company used FHLB advances to manage short term liquidity needs earlier in the quarter. The average balance of other borrowed funds increased $166.3 million, or 41.4%, compared to the linked quarter, while the related cost of funds increased 16 bps. However, strong deposit growth later in the quarter allowed the Company to pay down all short term FHLB advances prior to quarter end, as ending balances were down $130.5 million, or 33.0%, compared to the first quarter of 2025. Net interest margin ('NIM') was 1.96% for the second quarter of 2025, up from 1.82% for the first quarter of 2025 and up from 1.67% for the second quarter of 2024. Fully-taxable equivalent NIM ('FTE NIM') was 2.04% for the second quarter of 2025, up from 1.91% for the first quarter of 2025 and up from 1.76% for the second quarter of 2024. The increases in NIM and FTE NIM reflect the combination of deploying cash balances into higher-yielding loans and securities, as well as continued improvement in the cost of deposits. Noninterest Income Noninterest income for the second quarter of 2025 was $5.6 million, compared to $10.4 million for the first quarter of 2025, and $11.0 million for the second quarter of 2024. The decrease compared to the linked quarter was due primarily to gain on sale of loans, which totaled $1.7 million for the second quarter of 2025, down $6.9 million, or 80.7%, from the first quarter of 2025. The decline was due to a significant decrease in sales of U.S. Small Business Administration ('SBA') 7(a) guaranteed loans as the Company implemented a process change to hold SBA loans held-for-sale longer before selling into the secondary market. This is expected to have a one quarter effect as gain on sale revenue should revert to normalized levels in the third quarter of 2025 as evidenced by the higher balance of loans held-for-sale on the balance sheet as of June 30, 2025, which is up $94.8 million, or 298.7%, compared to March 31, 2025. The decline in gain on sale revenue was partially offset by higher other noninterest income, which increased $2.1 million, or 289.9%, compared to the linked quarter due primarily to a planned distribution from a fund investment. Noninterest Expense Noninterest expense totaled $21.8 million for the second quarter of 2025, compared to $23.6 million for the first quarter of 2025, and $22.3 million for the second quarter of 2024. The decrease of $1.8 million, or 7.5%, compared to the linked quarter was due primarily to lower salaries and employee benefits and lower consulting and professional fees, partially offset by higher other noninterest expense. The decrease in salaries and employee benefits was driven primarily by a reduction in incentive compensation. The decrease in consulting and professional fees was due mainly to lower outsourced audit fees and seasonally higher legal expense in the linked quarter. The increase in other noninterest expense was due primarily to higher fintech volume activity. Income Taxes The Company recorded an income tax benefit of $2.1 million for the second quarter of 2025, compared to an income tax benefit of $0.9 million for the first quarter of 2025, and income tax expense of $0.2 million and an effective tax rate of 3.6% for the second quarter of 2024. Loans and Credit Quality Total loans as of June 30, 2025, were $4.4 billion, an increase of $108.2 million, or 2.5%, compared to March 31, 2025, and an increase of $401.4 million, or 10.1%, compared to June 30, 2024. Total commercial loan balances were $3.5 billion as of June 30, 2025, an increase of $108.2 million, or 3.2%, compared to March 31, 2025, and an increase of $412.3 million, or 13.2%, compared to June 30, 2024. Compared to the linked quarter, the increase in commercial loan balances was driven primarily by growth in investor commercial real estate, commercial and industrial and small business lending balances. These increases were partially offset by decreases in the construction, franchise finance and healthcare finance portfolios. The decrease in construction balances was due to projects that were completed during the second quarter of 2025 and transferred to investor commercial real estate. Total consumer loan balances were $797.2 million as of June 30, 2025, a decrease of $0.5 million, or 0.1%, compared to March 31, 2025, and a decrease of $3.3 million, or 0.4%, compared to June 30, 2024. The decrease compared to the linked quarter was due primarily to lower balances in residential mortgage, recreational vehicles and home equity portfolios, partially offset by an increase in the trailers and other consumer loans portfolios. Total delinquencies 30 days or more past due, excluding nonperforming loans, were 0.62% of total performing loans as of June 30, 2025, compared to 0.77% at March 31, 2025, and 0.56% as of June 30, 2024. The decrease compared to the linked quarter was due primarily to a decrease in delinquencies in the small business lending portfolio. Nonperforming loans were 1.00% of total loans as of June 30, 2025, compared to 0.80% as of March 31, 2025, and 0.33% as of June 30, 2024. Nonperforming loans totaled $43.5 million as of June 30, 2025, compared to $34.2 million as of March 31, 2025, and $13.0 million as of June 30, 2024. The increase in nonperforming loans during the second quarter of 2025 was due primarily to franchise finance and small business lending loans that were placed on nonaccrual during the quarter, partially offset by small business lending and franchise finance loans that were charged off. At June 30, 2025, there were $8.9 million of specific reserves held against the balance of nonperforming loans. The allowance for credit losses ('ACL') as a percentage of total loans was 1.07% as of June 30, 2025, compared to 1.11% as of March 31, 2025, and 1.10% as of June 30, 2024. The decrease in the ACL compared to the linked quarter reflects the removal of $5.2 million in specific reserves related to small business loans that were charged off during the quarter, as well as the removal of $2.2 million in reserves that were related to franchise finance charge-offs. These decreases were partially offset by $4.5 million of specific reserves applied to franchise finance loans during the quarter, as well as overall growth in the loan portfolio. Net charge-offs of $14.3 million were recognized during the second quarter of 2025, resulting in net charge-offs to average loans of 1.31%, compared to $9.7 million, or 0.92%, for the first quarter of 2025, and $1.4 million, or 0.14%, for the second quarter of 2024. Net charge-offs in the second quarter of 2025 were elevated as the Company continued to take action to resolve problem loans in the small business lending and franchise finance portfolios. Approximately $11.9 million of net charge-offs recognized during the quarter were related to small business lending and $2.2 million were related to franchise finance loans, with $7.3 million of existing specific reserves previously applied to these loans. The provision for credit losses in the second quarter of 2025 was $13.6 million, compared to $11.9 million for the first quarter of 2025, and $4.0 million for the second quarter of 2024. The provision for the second quarter of 2025 was driven primarily by elevated net charge-offs and overall growth in the loan portfolio, partially offset by a net decrease in specific reserves. Capital As of June 30, 2025, total shareholders' equity was $390.2 million, an increase of $2.5 million, or 0.6%, compared to March 31, 2025, and an increase of $18.3 million, or 4.9%, compared to June 30, 2024. The increase in total shareholders' equity as of June 30, 2025, compared to the linked quarter was due primarily to the decrease in accumulated other comprehensive loss. Book value per common share increased to $44.79 as of June 30, 2025, up from $44.58 as of March 31, 2025, and $42.91 as of June 30, 2024. Tangible book value per share was $44.25 as of June 30, 2025, up from $44.04 as of March 31, 2025, and $42.37 as of June 30, 2024. The following table presents the Company's and the Bank's regulatory and other capital ratios as of June 30, 2025. As of June 30, 2025 Company Bank Total shareholders' equity to assets 6.43 % 7.60 % Tangible common equity to tangible assets 1 6.35 % 7.53 % Tier 1 leverage ratio 2 6.77 % 8.02 % Common equity tier 1 capital ratio 2 8.90 % 10.56 % Tier 1 capital ratio 2 8.90 % 10.56 % Total risk-based capital ratio 2 12.16 % 11.63 % 1 This information represents a non-GAAP financial measure. For a discussion of non-GAAP financial measures, see the section below entitled "Non-GAAP Financial Measures." 2 Regulatory capital ratios are preliminary pending filing of the Company's and the Bank's regulatory reports. Expand Conference Call and Webcast The Company will host a conference call and webcast at 2:00 p.m. Eastern Time on Thursday, July 24, 2025, to discuss its quarterly financial results. The call can be accessed via telephone at (800) 549-8228; access code: 77870. A recorded replay can be accessed through July 31, 2025, by dialing (888) 660-6264; access code: 77870#. Additionally, interested parties can listen to a live webcast of the call on the Company's website at An archived version of the webcast will be available in the same location shortly after the live call has ended. About First Internet Bancorp First Internet Bancorp is a bank holding company with assets of $6.1 billion as of June 30, 2025. The Company's subsidiary, First Internet Bank, opened for business in 1999 as an industry pioneer in the branchless delivery of banking services. First Internet Bank provides consumer and small business deposit, SBA financing, franchise finance, consumer loans, and specialty finance services nationally as well as commercial real estate loans, construction loans, commercial and industrial loans, and treasury management services on a regional basis. First Internet Bancorp's common stock trades on the Nasdaq Global Select Market under the symbol 'INBK' and is a component of the Russell 2000® Index. Additional information about the Company is available at and additional information about First Internet Bank, including its products and services, is available at Forward-Looking Statements This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements with respect to the financial condition, results of operations, trends in lending policies and loan programs, plans and prospective business partnerships, objectives, future performance and business of the Company. Forward-looking statements are generally identifiable by the use of words such as 'anticipate,' 'believe,' 'continue,' 'could,' 'drive,' 'enhance,' 'estimate,' 'expanding,' 'expect,' 'going forward,' 'growth,' 'improve,' 'increase,' 'looking ahead,' 'may,' 'ongoing,' 'opportunities,' 'pending,' 'plan,' 'position,' 'preliminary,' 'remain,' 'should,' 'stable,' 'thereafter,' 'well-positioned,' 'will,' or other similar expressions. Forward-looking statements are not a guarantee of future performance or results, are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the information in the forward-looking statements. Such statements are subject to certain risks and uncertainties including: our business and operations and the business and operations of our vendors and customers: general economic conditions, whether national or regional, and conditions in the lending markets in which we participate that may have an adverse effect on the demand for our loans and other products; our credit quality and related levels of nonperforming assets and loan losses, and the value and salability of the real estate that is the collateral for our loans. Other factors that may cause such differences include: failures or breaches of or interruptions in the communications and information systems on which we rely to conduct our business; failure of our plans to grow our commercial and industrial, construction, and SBA loan portfolios; competition with national, regional and community financial institutions; the loss of key members of senior management; the anticipated impacts of inflation and rising interest rates on the general economy; risks relating to the regulation of financial institutions; and other factors identified in reports we file with the U.S. Securities and Exchange Commission. All statements in this press release, including forward-looking statements, speak only as of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events. Non-GAAP Financial Measures This press release contains financial information determined by methods other than in accordance with U.S. generally accepted accounting principles ('GAAP'). Non-GAAP financial measures, specifically tangible common equity, tangible assets, tangible book value per common share, tangible common equity to tangible assets, average tangible common equity, return on average tangible common equity, total interest income – FTE, net interest income – FTE, net interest margin – FTE, pre-tax, pre-provision income, adjusted noninterest expense, adjusted (loss) income before income taxes, adjusted income tax (benefit) provision, adjusted net income, adjusted diluted earnings per share, adjusted return on average assets, adjusted return on average shareholders' equity and adjusted return on average tangible common equity are used by the Company's management to measure the strength of its capital and analyze profitability, including its ability to generate earnings on tangible capital invested by its shareholders. Although management believes these non-GAAP measures are useful to investors by providing a greater understanding of its business, they should not be considered a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the table at the end of this release under the caption 'Reconciliation of Non-GAAP Financial Measures.' First Internet Bancorp Summary Financial Information (unaudited) Dollar amounts in thousands, except per share data Three Months Ended Six Months Ended June 30, March 31, June 30, June 30, June 30, 2025 2025 2024 2025 2024 Net income $ 193 $ 943 $ 5,775 $ 1,136 $ 10,956 Per share and share information Earnings per share - basic $ 0.02 $ 0.11 $ 0.67 $ 0.13 $ 1.26 Earnings per share - diluted 0.02 0.11 0.67 0.13 1.25 Dividends declared per share 0.06 0.06 0.06 0.12 0.12 Book value per common share 44.79 44.58 42.91 44.79 42.91 Tangible book value per common share 1 44.25 44.04 42.37 44.25 42.37 Common shares outstanding 8,713,094 8,697,085 8,667,894 8,713,094 8,667,894 Average common shares outstanding: Basic 8,733,559 8,715,655 8,594,315 8,724,657 8,684,093 Diluted 8,760,374 8,784,970 8,656,215 8,784,005 8,750,017 Performance ratios Return on average assets 0.01 % 0.07 % 0.44 % 0.04 % 0.42 % Return on average shareholders' equity 0.20 % 0.98 % 6.28 % 0.58 % 5.96 % Return on average tangible common equity 1 0.20 % 0.99 % 6.36 % 0.59 % 6.04 % Net interest margin 1.96 % 1.82 % 1.67 % 1.89 % 1.67 % Net interest margin - FTE 1,2 2.04 % 1.91 % 1.76 % 1.97 % 1.76 % Capital ratios 3 Total shareholders' equity to assets 6.43 % 6.63 % 6.96 % 6.43 % 6.96 % Tangible common equity to tangible assets 1 6.35 % 6.55 % 6.88 % 6.35 % 6.88 % Tier 1 leverage ratio 6.77 % 6.87 % 7.24 % 6.77 % 7.24 % Common equity tier 1 capital ratio 8.90 % 9.15 % 9.47 % 8.90 % 9.47 % Tier 1 capital ratio 8.90 % 9.15 % 9.47 % 8.90 % 9.47 % Total risk-based capital ratio 12.16 % 12.52 % 13.13 % 12.16 % 13.13 % Asset quality Nonperforming loans $ 43,541 $ 34,243 $ 12,978 $ 43,541 $ 12,978 Nonperforming assets 45,539 35,921 13,055 45,539 13,055 Nonperforming loans to loans 1.00 % 0.80 % 0.33 % 1.00 % 0.33 % Nonperforming assets to total assets 0.75 % 0.61 % 0.24 % 0.75 % 0.24 % Allowance for credit losses - loans to: Loans 1.07 % 1.11 % 1.10 % 1.07 % 1.10 % Nonperforming loans 106.8 % 138.0 % 334.5 % 106.8 % 334.5 % Net charge-offs to average loans 1.31 % 0.92 % 0.14 % 1.12 % 0.10 % Average balance sheet information Loans $ 4,397,887 $ 4,237,300 $ 3,930,976 $ 4,318,037 $ 3,910,322 Total securities 934,994 901,918 744,537 918,547 724,023 Other earning assets 396,829 445,280 469,045 420,921 451,582 Total interest-earning assets 5,739,019 5,590,131 5,150,305 5,664,986 5,090,261 Total assets 5,924,144 5,770,380 5,332,776 5,847,687 5,270,356 Noninterest-bearing deposits 153,016 135,878 116,939 144,494 115,140 Interest-bearing deposits 4,792,939 4,815,978 4,172,976 4,804,396 4,079,992 Total deposits 4,945,955 4,951,856 4,289,915 4,948,890 4,195,132 Shareholders' equity 391,870 392,035 369,825 391,952 369,598 1 Refer to "Non-GAAP Financial Measures" section above and "Reconciliation of Non-GAAP Financial Measures" below 2 On a fully-taxable equivalent ("FTE") basis assuming a 21% tax rate 3 Regulatory capital ratios are preliminary pending filing of the Company's regulatory reports Expand First Internet Bancorp Condensed Consolidated Balance Sheets (unaudited) Dollar amounts in thousands June 30, March 31, June 30, 2025 2025 2024 Assets Cash and due from banks $ 9,261 $ 6,344 $ 6,162 Interest-bearing deposits 437,100 388,110 390,624 Securities available-for-sale, at fair value 644,657 681,785 488,572 Securities held-to-maturity, at amortized cost, net of allowance for credit losses 271,737 276,542 270,349 Loans held-for-sale 126,533 31,738 19,384 Loans 4,362,562 4,254,412 3,961,146 Allowance for credit losses - loans (46,517 ) (47,238 ) (43,405 ) Net loans 4,316,045 4,207,174 3,917,741 Accrued interest receivable 31,227 29,022 28,118 Federal Home Loan Bank of Indianapolis stock 28,350 28,350 28,350 Cash surrender value of bank-owned life insurance 41,961 41,675 40,834 Premises and equipment, net 69,930 70,461 72,516 Goodwill 4,687 4,687 4,687 Servicing asset 16,736 17,445 13,009 Other real estate owned 1,730 1,518 - Accrued income and other assets 72,619 66,757 62,956 Total assets $ 6,072,573 $ 5,851,608 $ 5,343,302 Liabilities Noninterest-bearing deposits $ 145,166 $ 151,815 $ 126,438 Interest-bearing deposits 5,153,623 4,793,810 4,147,484 Total deposits 5,298,789 4,945,625 4,273,922 Advances from Federal Home Loan Bank 264,500 395,000 575,000 Subordinated debt 105,307 105,228 104,993 Accrued interest payable 1,614 1,645 3,419 Accrued expenses and other liabilities 12,124 16,363 14,015 Total liabilities 5,682,334 5,463,861 4,971,349 Shareholders' equity Voting common stock 186,116 185,873 185,175 Retained earnings 230,690 231,031 217,365 Accumulated other comprehensive loss (26,567 ) (29,157 ) (30,587 ) Total shareholders' equity 390,239 387,747 371,953 Total liabilities and shareholders' equity $ 6,072,573 $ 5,851,608 $ 5,343,302 Expand First Internet Bancorp Condensed Consolidated Statements of Income (unaudited) Dollar amounts in thousands, except per share data Three Months Ended Six Months Ended June 30, March 31, June 30, June 30, June 30, 2025 2025 2024 2025 2024 Interest income Loans $ 66,685 $ 62,662 $ 57,094 $ 129,347 $ 112,529 Securities - taxable 9,062 8,463 6,476 17,525 12,170 Securities - non-taxable 654 661 970 1,315 1,939 Other earning assets 4,485 5,043 6,421 9,528 12,488 Total interest income 80,886 76,829 70,961 157,715 139,126 Interest expense Deposits 46,794 47,626 44,495 94,420 86,624 Other borrowed funds 6,102 4,107 5,139 10,209 10,441 Total interest expense 52,896 51,733 49,634 104,629 97,065 Net interest income 27,990 25,096 21,327 53,086 42,061 Provision for credit losses 13,608 11,933 4,031 25,541 6,479 Net interest income after provision for credit losses 14,382 13,163 17,296 27,545 35,582 Noninterest income Service charges and fees 278 265 246 543 466 Loan servicing revenue 1,979 1,983 1,470 3,962 2,793 Loan servicing asset revaluation (1,153 ) (1,181 ) (829 ) (2,334 ) (1,263 ) Gain on sale of loans 1,673 8,647 8,292 10,320 14,828 Other 2,780 713 1,854 3,493 2,556 Total noninterest income 5,557 10,427 11,033 15,984 19,380 Noninterest expense Salaries and employee benefits 10,867 13,107 12,462 23,974 24,258 Marketing, advertising and promotion 702 647 609 1,349 1,345 Consulting and professional fees 936 1,228 1,022 2,164 1,875 Data processing 656 635 606 1,291 1,170 Loan expenses 1,520 1,531 1,597 3,051 3,042 Premises and equipment 3,281 3,115 3,154 6,396 5,980 Deposit insurance premium 1,564 1,398 1,172 2,962 2,317 Other 2,274 1,895 1,714 4,170 3,372 Total noninterest expense 21,800 23,556 22,336 45,357 43,359 (Loss) income before income taxes (1,861 ) 34 5,993 (1,828 ) 11,603 Income tax (benefit) provision (2,054 ) (909 ) 218 (2,964 ) 647 Net income $ 193 $ 943 $ 5,775 $ 1,136 $ 10,956 Per common share data Earnings per share - basic $ 0.02 $ 0.11 $ 0.67 $ 0.13 $ 1.26 Earnings per share - diluted $ 0.02 $ 0.11 $ 0.67 $ 0.13 $ 1.25 Dividends declared per share $ 0.06 $ 0.06 $ 0.06 $ 0.12 $ 0.12 All periods presented have been reclassified to conform to the current period classification Expand First Internet Bancorp Average Balances and Rates (unaudited) Dollar amounts in thousands Three Months Ended June 30, 2025 March 31, 2025 June 30, 2024 Average Interest / Yield / Average Interest / Yield / Average Interest / Yield / Balance Dividends Cost Balance Dividends Cost Balance Dividends Cost Assets Interest-earning assets Loans, including loans held-for-sale 1 $ 4,407,196 $ 66,685 6.07 % $ 4,242,933 $ 62,662 5.99 % $ 3,936,723 $ 57,094 5.83 % Securities - taxable 856,070 9,062 4.25 % 820,175 8,463 4.18 % 670,502 6,476 3.88 % Securities - non-taxable 78,924 654 3.32 % 81,743 661 3.28 % 74,035 970 5.27 % Other earning assets 396,829 4,485 4.53 % 445,280 5,043 4.59 % 469,045 6,421 5.51 % Total interest-earning assets 5,739,019 80,886 5.65 % 5,590,131 76,829 5.57 % 5,150,305 70,961 5.54 % Allowance for credit losses - loans (49,073 ) (45,664 ) (41,362 ) Noninterest-earning assets 234,198 225,913 223,833 Total assets $ 5,924,144 $ 5,770,380 $ 5,332,776 Liabilities Interest-bearing liabilities Interest-bearing demand deposits $ 1,226,439 $ 9,767 3.19 % $ 956,322 $ 6,974 2.96 % $ 474,124 $ 2,567 2.18 % Savings accounts 21,760 46 0.85 % 20,568 43 0.85 % 22,987 48 0.84 % Money market accounts 1,187,782 11,087 3.74 % 1,221,795 11,361 3.77 % 1,243,011 13,075 4.23 % Fintech - brokered deposits - - 0.00 % - - 0.00 % 119,662 1,299 4.37 % Certificates and brokered deposits 2,356,958 25,894 4.41 % 2,617,293 29,248 4.53 % 2,313,192 27,506 4.78 % Total interest-bearing deposits 4,792,939 46,794 3.92 % 4,815,978 47,626 4.01 % 4,172,976 44,495 4.29 % Other borrowed funds 567,575 6,102 4.31 % 401,300 4,107 4.15 % 652,176 5,139 3.17 % Total interest-bearing liabilities 5,360,514 52,896 3.96 % 5,217,278 51,733 4.02 % 4,825,152 49,634 4.14 % Noninterest-bearing deposits 153,016 135,878 116,939 Other noninterest-bearing liabilities 18,744 25,189 20,860 Total liabilities 5,532,274 5,378,345 4,962,951 Shareholders' equity 391,870 392,035 369,825 Total liabilities and shareholders' equity $ 5,924,144 $ 5,770,380 $ 5,332,776 Net interest income $ 27,990 $ 25,096 $ 21,327 Interest rate spread 1.69 % 1.55 % 1.40 % Net interest margin 1.96 % 1.82 % 1.67 % Net interest margin - FTE 2,3 2.04 % 1.91 % 1.76 % 1 Includes nonaccrual loans 2 On a fully-taxable equivalent ("FTE") basis assuming a 21% tax rate 3 Refer to "Non-GAAP Financial Measures" section above and "Reconciliation of Non-GAAP Financial Measures" below Expand First Internet Bancorp Average Balances and Rates (unaudited) Dollar amounts in thousands Six Months Ended June 30, 2025 June 30, 2024 Average Interest / Yield / Average Interest / Yield / Balance Dividends Cost Balance Dividends Cost Assets Interest-earning assets Loans, including loans held-for-sale 1 $ 4,325,518 $ 129,347 6.03 % $ 3,914,656 $ 112,529 5.78 % Securities - taxable 838,222 17,525 4.22 % 648,860 12,170 3.77 % Securities - non-taxable 80,325 1,315 3.30 % 75,163 1,939 5.19 % Other earning assets 420,921 9,528 4.56 % 451,582 12,488 5.56 % Total interest-earning assets 5,664,986 157,715 5.61 % 5,090,261 139,126 5.50 % Allowance for credit losses - loans (47,378 ) (39,986 ) Noninterest-earning assets 230,079 220,081 Total assets $ 5,847,687 $ 5,270,356 Liabilities Interest-bearing liabilities Interest-bearing demand deposits $ 1,092,127 $ 16,742 3.09 % $ 444,615 $ 4,658 2.11 % Savings accounts 21,167 88 0.84 % 22,754 96 0.85 % Money market accounts 1,204,695 22,449 3.76 % 1,230,488 25,746 4.21 % Fintech - brokered deposits - - 0.00 % 102,514 2,230 4.37 % Certificates and brokered deposits 2,486,407 55,141 4.47 % 2,279,621 53,894 4.75 % Total interest-bearing deposits 4,804,396 94,420 3.96 % 4,079,992 86,624 4.27 % Other borrowed funds 484,897 10,209 4.25 % 684,456 10,441 3.07 % Total interest-bearing liabilities 5,289,293 104,629 3.99 % 4,764,448 97,065 4.10 % Noninterest-bearing deposits 144,494 115,140 Other noninterest-bearing liabilities 21,948 21,170 Total liabilities 5,455,735 4,900,758 Shareholders' equity 391,952 369,598 Total liabilities and shareholders' equity $ 5,847,687 $ 5,270,356 Net interest income $ 53,086 $ 42,061 Interest rate spread 1.62 % 1.40 % Net interest margin 1.89 % 1.67 % Net interest margin - FTE 2,3 1.97 % 1.76 % 1 Includes nonaccrual loans 2 On a fully-taxable equivalent ("FTE") basis assuming a 21% tax rate 3 Refer to "Non-GAAP Financial Measures" section above and "Reconciliation of Non-GAAP Financial Measures" below Expand First Internet Bancorp Loans and Deposits (unaudited) Dollar amounts in thousands June 30, 2025 March 31, 2025 June 30, 2024 Amount Percent Amount Percent Amount Percent Commercial loans Commercial and industrial $ 174,475 4.0 % $ 140,239 3.3 % $ 115,585 2.9 % Owner-occupied commercial real estate 50,096 1.1 % 49,954 1.2 % 58,089 1.5 % Investor commercial real estate 513,411 11.8 % 297,874 7.0 % 188,409 4.8 % Construction 332,658 7.6 % 471,082 11.1 % 328,922 8.3 % Single tenant lease financing 970,042 22.3 % 950,814 22.4 % 927,462 23.4 % Public finance 476,339 10.9 % 482,558 11.3 % 486,200 12.3 % Healthcare finance 160,073 3.7 % 171,430 4.0 % 202,079 5.1 % Small business lending 383,455 8.8 % 353,408 8.3 % 270,129 6.8 % Franchise finance 479,757 11.0 % 514,700 12.1 % 551,133 13.9 % Total commercial loans 3,540,306 81.2 % 3,432,059 80.7 % 3,128,008 79.0 % Consumer loans Residential mortgage 358,922 8.2 % 367,722 8.6 % 382,549 9.7 % Home equity 16,668 0.4 % 17,421 0.4 % 21,405 0.5 % Trailers 228,786 5.2 % 220,012 5.2 % 197,738 5.0 % Recreational vehicles 144,476 3.3 % 145,690 3.4 % 150,151 3.8 % Other consumer loans 48,319 1.1 % 46,851 1.1 % 48,638 1.2 % Total consumer loans 797,171 18.2 % 797,696 18.7 % 800,481 20.2 % Net deferred loan fees, premiums, discounts and other 1 25,085 0.6 % 24,657 0.6 % 32,657 0.8 % Total loans $ 4,362,562 100.0 % $ 4,254,412 100.0 % $ 3,961,146 100.0 % June 30, 2025 March 31, 2025 June 30, 2024 Amount Percent Amount Percent Amount Percent Deposits Noninterest-bearing deposits $ 145,166 2.7 % $ 151,815 3.1 % $ 126,438 3.0 % Interest-bearing demand deposits 1,458,123 27.5 % 1,103,540 22.3 % 480,141 11.2 % Savings accounts 20,902 0.4 % 21,632 0.4 % 22,619 0.5 % Money market accounts 1,210,960 22.9 % 1,292,235 26.2 % 1,222,197 28.6 % Fintech - brokered deposits - 0.0 % - 0.0 % 140,180 3.3 % Certificates of deposits 2,146,356 40.5 % 2,029,801 41.0 % 1,829,644 42.8 % Brokered deposits 317,282 6.0 % 346,602 7.0 % 452,703 10.6 % Total deposits $ 5,298,789 100.0 % $ 4,945,625 100.0 % $ 4,273,922 100.0 % 1 Includes carrying value adjustments of $21.2 million, $22.1 million and $25.6 million related to terminated interest rate swaps associated with public finance loans as of June 30, 2025, March 31, 2025 and June 30, 2024, respectively. Expand First Internet Bancorp Reconciliation of Non-GAAP Financial Measures Dollar amounts in thousands, except per share data Three Months Ended Six Months Ended June 30, March 31, June 30, June 30, June 30, 2025 2025 2024 2025 2024 Total equity - GAAP $ 390,239 $ 387,747 $ 371,953 $ 390,239 $ 371,953 Adjustments: Goodwill (4,687 ) (4,687 ) (4,687 ) (4,687 ) (4,687 ) Tangible common equity $ 385,552 $ 383,060 $ 367,266 $ 385,552 $ 367,266 Total assets - GAAP $ 6,072,573 $ 5,851,608 $ 5,343,302 $ 6,072,573 $ 5,343,302 Adjustments: Goodwill (4,687 ) (4,687 ) (4,687 ) (4,687 ) (4,687 ) Tangible assets $ 6,067,886 $ 5,846,921 $ 5,338,615 $ 6,067,886 $ 5,338,615 Common shares outstanding 8,713,094 8,697,085 8,667,894 8,713,094 8,667,894 Book value per common share $ 44.79 $ 44.58 $ 42.91 $ 44.79 $ 42.91 Effect of goodwill (0.54 ) (0.54 ) (0.54 ) (0.54 ) (0.54 ) Tangible book value per common share $ 44.25 $ 44.04 $ 42.37 $ 44.25 $ 42.37 Total shareholders' equity to assets 6.43 % 6.63 % 6.96 % 6.43 % 6.96 % Effect of goodwill (0.08 %) (0.08 %) (0.08 %) (0.08 %) (0.08 %) Tangible common equity to tangible assets 6.35 % 6.55 % 6.88 % 6.35 % 6.88 % Total average equity - GAAP $ 391,870 $ 392,035 $ 369,825 $ 391,952 $ 369,598 Adjustments: Average goodwill (4,687 ) (4,687 ) (4,687 ) (4,687 ) (4,687 ) Average tangible common equity $ 387,183 $ 387,348 $ 365,138 $ 387,265 $ 364,911 Return on average shareholders' equity 0.20 % 0.98 % 6.28 % 0.58 % 5.96 % Effect of goodwill 0.00 % 0.01 % 0.08 % 0.01 % 0.08 % Return on average tangible common equity 0.20 % 0.99 % 6.36 % 0.59 % 6.04 % Total interest income $ 80,886 $ 76,829 $ 70,961 $ 157,715 $ 139,126 Adjustments: Fully-taxable equivalent adjustments 1 1,157 1,169 1,175 2,326 2,365 Total interest income - FTE $ 82,043 $ 77,998 $ 72,136 $ 160,041 $ 141,491 Net interest income $ 27,990 $ 25,096 $ 21,327 $ 53,086 $ 42,061 Adjustments: Fully-taxable equivalent adjustments 1 1,157 1,169 1,175 2,326 2,365 Net interest income - FTE $ 29,147 $ 26,265 $ 22,502 $ 55,412 $ 44,426 Net interest margin 1.96 % 1.82 % 1.67 % 1.89 % 1.67 % Effect of fully-taxable equivalent adjustments 1 0.08 % 0.09 % 0.09 % 0.08 % 0.09 % Net interest margin - FTE 2.04 % 1.91 % 1.76 % 1.97 % 1.76 % 1 Assuming a 21% tax rate Expand First Internet Bancorp Reconciliation of Non-GAAP Financial Measures Dollar amounts in thousands, except per share data Three Months Ended Six Months Ended June 30, March 31, June 30, June 30, June 30, 2025 2025 2024 2025 2024 Net income - GAAP $ 193 $ 943 $ 5,775 $ 1,136 $ 10,956 Adjustments:1 Provision for credit losses 13,608 11,933 4,031 25,541 6,479 Income tax (benefit) provision (2,054 ) (909 ) 218 (2,964 ) 647 Pre-tax, pre-provision income $ 11,747 $ 11,967 $ 10,024 $ 23,713 $ 18,082 Noninterest expense - GAAP $ 21,800 $ 23,556 $ 22,336 $ 45,357 $ 43,359 Adjustments: IT termination fees - - (452 ) - (452 ) Anniversary expenses - - (120 ) - (120 ) Adjusted noninterest expense $ 21,800 $ 23,556 $ 21,764 $ 45,357 $ 42,787 (Loss) income before income taxes - GAAP $ (1,861 ) $ 34 $ 5,993 $ (1,828 ) $ 11,603 Adjustments: IT termination fees - - 452 - 452 Anniversary expenses - - 120 - 120 Adjusted (loss) income before income taxes $ (1,861 ) $ 34 $ 6,565 $ (1,828 ) $ 12,175 Income tax (benefit) provision- GAAP $ (2,054 ) $ (909 ) $ 218 $ (2,964 ) $ 647 Adjustments:1 IT termination fees - - 95 - 95 Anniversary expenses - - 25 - 25 Adjusted income tax (benefit) provision $ (2,054 ) $ (909 ) $ 338 $ (2,964 ) $ 767 Net income - GAAP $ 193 $ 943 $ 5,775 $ 1,136 $ 10,956 Adjustments: IT termination fees - - 357 - 357 Anniversary expenses - - 95 - 95 Adjusted net income $ 193 $ 943 $ 6,227 $ 1,136 $ 11,408 1 Assuming a 21% tax rate Expand First Internet Bancorp Reconciliation of Non-GAAP Financial Measures Dollar amounts in thousands, except per share data Three Months Ended Six Months Ended June 30, March 31, June 30, June 30, June 30, 2025 2025 2024 2025 2024 Diluted average common shares outstanding 8,760,374 8,784,970 8,656,215 8,784,005 8,750,017 Diluted earnings per share - GAAP $ 0.02 $ 0.11 $ 0.67 $ 0.13 $ 1.25 Adjustments: Effect of IT termination fees - - 0.04 - 0.04 Effect of anniversary expenses - - 0.01 - 0.01 Adjusted diluted earnings per share $ 0.02 $ 0.11 $ 0.72 $ 0.13 $ 1.30 Return on average assets 0.01 % 0.07 % 0.44 % 0.04 % 0.42 % Effect of IT termination fees 0.00 % 0.00 % 0.03 % 0.00 % 0.01 % Effect of anniversary expenses 0.00 % 0.00 % 0.01 % 0.00 % 0.00 % Adjusted return on average assets 0.01 % 0.07 % 0.48 % 0.04 % 0.43 % Return on average shareholders' equity 0.20 % 0.98 % 6.28 % 0.58 % 5.96 % Effect of IT termination fees 0.00 % 0.00 % 0.39 % 0.00 % 0.19 % Effect of anniversary expenses 0.00 % 0.00 % 0.10 % 0.00 % 0.05 % Adjusted return on average shareholders' equity 0.20 % 0.98 % 6.77 % 0.58 % 6.20 % Return on average tangible common equity 0.20 % 0.99 % 6.36 % 0.59 % 6.04 % Effect of IT termination fees 0.00 % 0.00 % 0.39 % 0.00 % 0.20 % Effect of anniversary expenses 0.00 % 0.00 % 0.10 % 0.00 % 0.05 % Adjusted return on average tangible common equity 0.20 % 0.99 % 6.85 % 0.59 % 6.29 % Expand
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18-07-2025
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Why Trump's push for Texas redistricting could backfire
President Trump this week ordered Texas Republicans to redraw congressional district lines in hopes of adding GOP seats to the next Congress. CBS News election law expert and political contributor David Becker explains why the move could benefit Democrats instead.
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15-07-2025
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NBA Summer League 2025: How to watch, full game schedule and more
If you buy something through a link in this article, we may earn commission. Pricing and availability are subject to change. Dallas Mavericks forward Cooper Flagg (32) looks on against the Los Angeles Lakers during the first half of an NBA summer league basketball game Thursday, July 10, 2025, in Las Vegas. (AP Photo/David Becker) The NBA's summer league, officially called NBA 2K26 Summer League this year, is in full swing in Las Vegas. Duke star Cooper Flagg made his debut vs. Bronny James and the Los Angeles Lakers on Thursday (and it was a big hit) but he won't take the court with the Dallas Mavericks again during the summer program, as the rookie has reportedly been shut down by the team. The summer league will run nearly every day this week, culminating in a tournament final this Sunday at 10 p.m. on ESPN. Here's how to watch all of the remaining games in the NBA 2K26 Summer League. Advertisement How to watch the NBA Summer League 2025: Dates: July 10-20 TV channels: ESPN, ESPN2, NBA TV Streaming: ESPN+, Fubo, Sling, DirecTV and more Where to watch the NBA 2K26 Summer League: You can tune into NBA Summer League games on ESPN's suite of channels (as well as ESPN+), and NBA TV, which are available on platforms like DirecTV, Fubo, Sling, and Hulu with Live TV. How to watch the NBA Summer League without cable: Watch ESPN, NBA TV and more DirecTV A subscription to DirecTV will get you the essential channels for the NBA Summer League, including ESPN, NBA TV and more. Every DirecTV subscriber, regardless of tier, enjoys access to an unlimited cloud DVR. And you can try it all for free for five days before committing. Try free at DirecTV Stream select summer league games on ESPN+ ESPN+ The NBA Summer League will stream select games on ESPN+ throughout the tournament. Over half of this summer's 76 games will be available on the platform. ESPN+ grants you access to exclusive ESPN+ content including live events, fantasy sports tools and premium ESPN+ articles. You can stream ESPN+ through an app on your smart TV, phone, tablet, computer and on A monthly subscription is $11.99. $11.99/month at ESPN What is the NBA 2K26 Summer League schedule? Cox Pavilion and Thomas & Mack Center, Las Vegas All times ET July 12 Cleveland Cavaliers vs. Milwaukee Bucks, 3:30 p.m. (NBA TV, ESPN+) Dallas Mavericks vs. San Antonio Spurs, 4 p.m. (ESPN) Indiana Pacers vs. Oklahoma City Thunder, 5:30 p.m. (NBA TV, ESPN+) Charlotte Hornets vs. Philadelphia 76ers, 6:30 p.m. (ESPN2) Sacramento Kings vs. Chicago Bulls, 8 p.m. (NBA TV, ESPN+) Los Angeles Lakers vs. New Orleans Pelicans, 8:30 p.m. (ESPN2) Minnesota Timberwolves vs. Denver Nuggets, 10 p.m. (NBA TV, ESPN+) Memphis Grizzlies vs. Portland Blazers, 10:30 p.m. (ESPN2) Advertisement July 13 Phoenix Suns vs. Atlanta Hawks, 3:30 p.m. (NBA TV, ESPN+) Detroit Pistons vs. Houston Rockets, 4 p.m. (ESPN2) New York Knicks vs. Boston Celtics, 5:30 p.m. (NBA TV, ESPN+) Toronto Raptors vs. Orlando Magic, 6 p.m. (ESPN2) Miami Heat vs. Cleveland Cavaliers, 7:30 p.m. (NBA TV, ESPN+) Brooklyn Nets vs. Washington Wizards, 8 p.m. (ESPN2) Milwaukee Bucks vs. LA Clippers, 9:30 p.m. ET (NBA TV, ESPN+) Golden State Warriors vs. Utah Jazz, 10 p.m. (ESPN2) July 14 Atlanta Hawks vs. Houston Rockets, 4:30 p.m. (NBA TV, ESPN+) Chicago Bulls vs. Indiana Pacers, 6 p.m. (ESPNU) Charlotte Hornets vs. Dallas Mavericks, 6:30 p.m. (NBA TV, ESPN+) Boston Celtics vs. Miami Heat, 8 p.m. (ESPNU) Utah Jazz vs. San Antonio Spurs, 8:30 p.m. (NBA TV, ESPN+) Phoenix Suns vs. Sacramento Kings, 10 p.m. (ESPNU) LA Clippers vs. Los Angeles Lakers, 10:30 p.m. (NBA TV, ESPN+) Advertisement July 15 Minnesota Timberwolves vs. Detroit Pistons, 4:30 p.m. (NBA TV, ESPN+) Brooklyn Nets vs. New York Knicks, 6 p.m. (ESPN2) Oklahoma City vs. Orlando Magic, 6:30 p.m. (NBA TV, ESPN+) Toronto Raptors vs. Denver Nuggets, 8 p.m. (ESPN+) Philadelphia 76ers vs. Washington Wizards, 8:30 p.m. (NBA TV, ESPN+) Portland Trail Blazers vs. New Orleans Pelicans, 10 p.m. (ESPN) Golden State Warriors vs. Memphis Grizzlies, 10:30 p.m. (NBA TV, ESPN+) July 16 Sacramento Kings vs. Cleveland Cavaliers, 3:30 p.m. (ESPN2) Phoenix Suns vs. Minnesota Timberwolves, 5 p.m. (NBA TV, ESPN+) Milwaukee Bucks vs. Chicago Bulls, 5:30 p.m. (ESPN2) Orlando Magic vs. Brooklyn Nets, 7:30 p.m. (NBA TV, ESPN+) Dallas Mavericks vs. Philadelphia 76ers, 8 p.m. (ESPN) New Orleans Pelicans vs. Oklahoma City Thunder, 9:30 p.m. (NBA TV, ESPN+) Washington Wizards vs. Utah Jazz, 10 p.m. (ESPN) Advertisement July 17 Detroit Pistons vs. Miami Heat, 4 p.m. (NBA TV, ESPN+) Indiana Pacers vs. New York Knicks, 4:30 p.m. (ESPN2) Atlanta Hawks vs. Memphis Grizzlies, 6 p.m. (NBA TV, ESPN+) San Antonio Spurs vs. Charlotte Hornets, 7 p.m. (ESPN) Houston Rockets vs. Portland Trail Blazers, 8 p.m. (NBA TV, ESPN+) Boston Celtics vs. Los Angeles Lakers, 9 p.m. (ESPN) Golden State Warriors vs. Toronto Raptors, 10 p.m. (NBA TV, ESPN+) Denver Nuggets vs. LA Clippers, 11 p.m. (ESPN2) July 19 Semifinals, 4 p.m. and 6 p.m. (ESPN) July 20 (championship) Championship, 10 p.m. (ESPN) More ways to watch the NBA Summer League:
