Latest news with #AllisonJohnson
The Verge
12 hours ago
- The Verge
Time is running out to save on the Samsung Galaxy Z Fold 7
The Samsung Galaxy Z Fold 7 and Z Flip 7 launch Friday, July 25th. That's soon! Even if you're not the type of person who usually pre-orders things, there's good reason to consider doing it before then. The biggest perk is that you'll get upgraded to the 512GB version of either device without paying the usual $119.99 premium, and trade-in values will be better before the launch versus after. The ability to get more for less expires at the end of tomorrow, July 24th. As you might expect, each retailer and carrier is doing things a little bit differently with pre-orders. Of all your options, buying directly through Samsung may be the way to go. If you have a trade-in, you can save about half off your new device. If you aren't trading up, you can instantly get $350 in Samsung credit to buy a Galaxy Watch 8, or something else. My colleague Allison Johnson recently published her review of the Z Fold 7. Its biggest flaw is just how darn expensive it is, costing $1,999.99 for those who aren't trading or taking advantage of a carrier promotion. If you can get past that (hopefully, you find a deal that works for you), this is as polished as foldable phones come these days. Stay tuned for her review of the Z Flip 7. It costs a pretty penny, but the Z Fold 7 is Samsung's finest foldable yet. When it's closed it's basically the size of a regular phone, so the big 8-inch inner screen feels like it's all upside. Sign up for Verge Deals to get deals on products we've tested sent to your inbox weekly. Posts from this author will be added to your daily email digest and your homepage feed. See All by Cameron Faulkner Posts from this topic will be added to your daily email digest and your homepage feed. See All Deals Posts from this topic will be added to your daily email digest and your homepage feed. See All Foldable Phones Posts from this topic will be added to your daily email digest and your homepage feed. See All Mobile Posts from this topic will be added to your daily email digest and your homepage feed. See All Roundup Posts from this topic will be added to your daily email digest and your homepage feed. See All Tech
The Verge
4 days ago
- Business
- The Verge
Here's how to save on a Samsung Galaxy Z Fold 7 preorder
The forthcoming Galaxy Z Fold 7 is Samsung's thinnest foldable yet. Our own Allison Johnson just published her full review ahead of the phone's launch on July 25th, and while there's certainly no denying it's a spendy device, know that various carriers and retailers are offering a host of preorder incentives, many of which will expire at launch. Although the Z Fold 7 isn't miles ahead of last-gen Z Fold 6 in terms of performance, it measures just 8.9mm thick when folded, making it look and feel like something of a next-gen foldable. The outer screen has also increased in size from 6.3 inches to 6.5 inches, which, when taken into account alongside its thickness, makes the Z Fold 7 feel more akin to a normal phone when folded. Alas, if only it had a 'normal phone' price tag instead of an exuberant starting price of $1,999. That being said, it's still possible to save on a preorder purchase, or at the very least receive some credit you can then spend on accessories like the Galaxy Watch 8. Whether you plan to shop directly through Samsung, your carrier, or a traditional retailer, here are the biggest promotions along with the key details you'll want to keep in mind. The current trade-in savings are big enough to chop the Z Fold 7's $1,999.99 price tag in half. Ahead of its release on July 25th, Samsung is offering up to $1,000 in credit for the last-gen Z Fold 6 and S25 Ultra — or less, if you're trading in an older phone. Samsung will give you an instant discount based on the estimated value of your trade-in, which lowers the out-of-pocket cost to $999.99. That's great, and thankfully, you can get instant trade-in credit even if you're activating the phone on Verizon or AT&T through Samsung's site. But that's not how trade-in credit works if you're buying directly through carriers. Carriers across the board are currently offering a $1,100 trade-in credit toward the Z Fold 7, which will be paid back in the form of monthly installments. AT&T will provide $1,100 in credits over 36 months to customers on postpaid unlimited plans who purchase the new phone with an installment plan. As for the phones that AT&T is currently accepting, they include any Galaxy S, Note, and S-series phone, regardless of its age or condition. Verizon is also offering up to $1,100 in monthly credits over 36 months with an eligible trade-in in 'any condition,' although the carrier doesn't list or even mention any eligible phones. You must also be on an Unlimited Ultimate plan to get that much credit. T-Mobile is offering up to $1,100 in monthly credits for those auto-paying for a plan that costs $85 or more per month — no trade-in required. If you're preordering directly through Samsung, you will receive a $50 Samsung credit to use on accessories as an extra perk. Those who aren't trading in a device will get an extra $300 to spend, totaling $350. However, the credit is 'use it or lose it,' so to speak; you'll forfeit it all if you don't use it at checkout. So, if you do go this route, you'll want to pick up a pair of earbuds, a case, a Galaxy Watch 8, etc etc. Keep in mind that the aforementioned credit is exclusive to Samsung's online storefront and isn't available when purchasing the Galaxy Z Fold 7 through a carrier, Best Buy, Amazon, or any other retailer. Some retailers, but not all, are offering the 512GB Z Fold 7 for no extra charge through July 24th. This includes Samsung, T-Mobile, Best Buy, and Amazon, the latter of which is also throwing in a $300 Amazon gift card with each purchase. However, AT&T and Verizon aren't, at least through their respective sites. They each are offering the 256GB model at the same $1,999 price that you can get the 512GB model for elsewhere. That said, activating the Z Fold 7 via Best Buy will allow you to purchase the 512GB variant for $1,899.99 as a one-time payment (or as a $55.55-a-month payment for 36 months). Sign up for Verge Deals to get deals on products we've tested sent to your inbox weekly.
Hans India
15-07-2025
- Hans India
Google Offers Pixel 8 Pro for $599 With Free Pixel Watch 2
If you're eyeing a new phone, Google's current Pixel 8 Pro deal might just seal the deal. The unlocked 128GB Pixel 8 Pro is now available for $599 at the Google Store — just $100 more than the Pixel 9A. But the extra cost brings clear benefits. Its upgraded camera setup, featuring a standout 5x telephoto lens, and premium build quality make it a worthy step up. Plus, Google is throwing in a free Pixel Watch 2 with LTE and a phone case at no extra cost. 'The Pixel 8 Pro launched in late 2023, meaning it has just a little over five years of OS updates left before it's no longer supported.' So, there's still plenty of life left. The phone's 120Hz OLED display can drop to 1Hz when idle, thanks to its always-on display tech, helping preserve battery life. One thing to note — the matte-textured glass back might feel slippery in hand, as Allison Johnson pointed out, so the included case will come in handy.
The Verge
14-07-2025
- The Verge
Google's Pixel 8 Pro is $599, and includes a free Pixel Watch 2
The Pixel 9A is a tempting phone for $499, but even more tempting is the 128GB Pixel 8 Pro, which is selling for $599 unlocked right now at the Google Store. Its perks are well worth the extra $100. You're getting a more robust camera system (the 5x telephoto lens is very good) and better build quality. Not only that, Google is including a free Pixel Watch 2 with LTE, along with one of its phone cases. The Pixel 8 Pro launched in late 2023, meaning it has just a little over five years of OS updates left before it's no longer supported. In other words, there's plenty of life left in this phone. This model has a 120Hz refresh rate OLED screen that can go down to 1Hz with its always-on display to save battery life. You'll be glad to have the free case, as the Pixel 8 Pro's back glass is matte-textured, which Verge reviewer Allison Johnson found made it more slippery to hold, not less. Read our review. Sign up for Verge Deals to get deals on products we've tested sent to your inbox weekly.
Associated Press
11-07-2025
- Business
- Associated Press
1st Summit Bancorp of Johnstown Reports Second Quarter 2025 Financial Results
JOHNSTOWN, Pa.--(BUSINESS WIRE)--Jul 11, 2025-- 1st Summit Bancorp of Johnstown (the 'Company') today reported its financial results for the second quarter ended June 30, 2025, delivering its strongest quarterly performance in recent years, driven by meaningful expansion in core profitability metrics, improved asset yields, and disciplined cost control. These results reflect the impact of the strategic initiatives launched over the past twelve months, particularly those focused on optimizing funding, reallocating capital to higher-yielding assets, and sustaining credit quality. Financial Highlights for the Quarter Ended June 30, 2025: CEO Commentary Allison Johnson, President and Chief Executive Officer of 1st Summit Bancorp of Johnstown, commented: 'This quarter represents a meaningful milestone in our journey toward sustainable, high-quality earnings growth, as the Company reported strong quarterly results while navigating an evolving rate environment and executing on transformational initiatives. We believe that our net income for the second quarter, which represents a 50.8% increase from last quarter, and nearly four times the net income we reported for the second quarter of 2024, is indicative of the quality of our strategy and, more importantly, the caliber of our execution of our strategic plan to date.' 'We are also seeing early returns on our decision to eliminate high-cost funding sources, recalibrate our asset mix, and reinvest in loans and securities that align with our risk appetite and return targets. The 16 basis point increase in our net interest margin quarter-over-quarter is the result of patient, disciplined repositioning, and we believe there continues to be additional opportunities for future improvement in this area.' 'Beyond the numbers, we further believe that our second quarter results are representative of the significant efforts of our united, focused, and dedicated management team. Strategic direction is essential—but strategy without execution does not produce tangible results. While we are pleased with our second quarter results, we will continue pushing forward in an effort to further optimize our balance sheet, deepen customer relationships, and create long-term value for our shareholders.' Second Quarter Review Earnings Growth and Core Profitability Net income for the quarter ended June 30, 2025, totaled $1.2 million, a 50.8% increase over net income of $775 thousand for the quarter ended March 31, 2025. Compared to the same quarter last year, when net income totaled $330 thousand, this quarter's earnings reflect a year-over-year increase of more than 250%. The quarter included $142 thousand in net securities gains and $165 thousand of nonrecurring expenses related to strategic realignment efforts, including severance expenses and the full transition to a new debit card processing platform. Return on average assets increased to 0.33%, up from 0.22% in the first quarter, and return on average equity increased to 4.92% from 3.26%, underscoring the Company's improving operating leverage and asset efficiency. Net Interest Margin and Earning Assets Net interest margin (NIM) increased 16 basis points to 2.18% in the second quarter, compared to 2.02% in the first quarter and 1.70% in the second quarter of 2024. This 7.9% sequential quarter improvement was driven by a shift toward higher-yielding assets and the successful exit of costly funding channels. Average earning assets increased 2.4% annualized over the first quarter of 2025, reflecting management's focus on deploying available liquidity into high-quality loans and securities. Loan repricing, security portfolio repositioning, and yield curve optimization contributed to the strong NIM expansion. Loan and Deposit Trends Total loans grew at an annualized rate of 11.83% during the quarter, driven primarily by commercial real estate loan production. We believe that the loan pipeline remains healthy, with additional opportunities emerging from new relationships and existing clients seeking to refinance or expand. Deposits declined modestly at a 1.04% annualized rate, an outcome anticipated by management due to typical tax-season withdrawals in April. Despite the seasonal headwind, deposit mix remained stable, and the loan-to-deposit ratio rose to 68.8% at June 30, 2025, compared to 66.6% at March 31, 2025. This reflects the Company's intentional shift toward more efficient balance sheet utilization. Expense Management and Operating Efficiency Noninterest expense totaled $8.3 million in the second quarter, compared to $7.8 million in the prior quarter. The increase reflects temporary costs related to severance expenses and the debit card system transition totaling $165 thousand. Excluding these items, core operating expenses were mostly flat, reflecting strong cost discipline across business lines. The Company continues to prioritize automation, vendor consolidation, and process redesign as part of a broader initiative to improve scalability while preserving service excellence. Noninterest Income and Fee Expansion Noninterest income rose 9.9% to $2.3 million for the quarter ended June 30, 2025, up from $1.9 million in the first quarter. The increase in noninterest income was primarily the result of growth in interchange income and securities gains. The rollout of new debit card features, coupled with enhanced digital tools, is expected to further increase noninterest revenue in the second half of 2025. Credit Quality and Capital Management Asset quality remains strong. The Company recorded a provision for loan losses of $125 thousand during the quarter, with no material charge-offs. The allowance for loan losses remains well-positioned relative to risk-adjusted exposure and internal modeling. Capital ratios remain robust and comfortably above regulatory minimums. The Company continues to monitor opportunities for organic capital deployment through loan growth and shorter-duration securities that reflect anticipated changes in the yield curve environment. Strategic Outlook Management remains committed to a strategic plan centered on four core pillars: The Company believes its current momentum, combined with its well-capitalized balance sheet, experienced team, and diversified revenue base, positions it for continued improved financial performance. About 1st Summit Bancorp of Johnstown, Inc. 1st Summit, through its wholly owned subsidiary, 1st Summit Bank (the 'Bank'), is a community oriented financial institution that primarily focuses on relationship banking for both consumers and businesses. From 17 full-service community offices and one loan production office, the Bank provides a full-array of personal and business banking solutions, investment management and trust services. The Bank serves communities throughout the counties of Cambria, Westmoreland, Blair, Somerset, and Indiana in southwestern PA. Please visit for more information. Cautionary Statement Regarding Forward Looking Statements Litigation Reform Act of 1995 that are subject to risks and uncertainties and are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended. Any statements about our expectations, beliefs, plans, predictions, protections, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. Forward-looking statements are typically, but not exclusively, identified by the use of forward-looking terminology such as 'believes,' 'expects,' 'could,' 'may,' 'will,' 'should,' 'seeks,' 'likely,' 'intends' 'plans,' 'pro forma,' 'projects,' 'estimates' or 'anticipates' or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. Forward-looking statements involve numerous risks and uncertainties and you should not rely on them as predictions of future events. Factors that could cause our actual results to differ materially from those described in the forward-looking statements include, among others:(i) changes in general business and our ability to successfully implement our strategic plan, (ii) changes in interest rates or in the quality or composition of our loan and investment portfolios; (iii) adequacy of loan loss reserves; (iv) increased competition; (v) loss of certain key officers; (vi) continued relationships with major customers; (vii) deposit attrition; (viii) rapidly changing technology; (ix) unanticipated regulatory or judicial proceedings and liabilities and other costs; (x) changes in the cost of funds, demand for loan products, or demand for financial services; (xi) other economic, competitive, governmental, or technological factors affecting our operations, markets, products, services, and prices; and (xii) our success at managing the foregoing items. For a discussion of additional factors that could cause our actual results to differ materially from those described in the forward-looking statements, please see the risk factors discussed in our most recent Annual Report on our website at While forward-looking statements reflect our good-faith beliefs, they are not guarantees of future performance. All forward-looking statements are necessarily only estimates of future results. Accordingly, actual results may differ materially from those contemplated, expressed in or implied by the particular forward-looking statement due to additional risks and uncertainties of which the Company is not currently aware or which it does not currently view as, but in the future may become, material to its business or operating results. Due to these and other possible uncertainties and risks, we can give no assurance that the results contemplated in the forward-looking statements will be realized and, therefore, you are cautioned not to place undue reliance on such statements. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law. All forward-looking statements, express or implied, included in this press release are qualified in their entirety by this cautionary statement. View source version on CONTACT: Allison Johnson President & Chief Executive Officer [email protected] (814)262-4010 KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE SOURCE: 1st Summit Bancorp of Johnstown, Inc. Copyright Business Wire 2025. PUB: 07/11/2025 01:28 PM/DISC: 07/11/2025 01:28 PM
