Financial Performance - For Q1 2025, Great Southern Bancorp reported earnings of $1.47 per diluted common share, up from $1.13 in Q1 2024, reflecting a net income increase to $17.2 million from $13.4 million[1]. - Net income for the three months ended March 31, 2025, was $17,160,000, up from $13,407,000 for the same period in 2024, representing a 28% increase[54]. - Earnings per common share for the three months ended March 31, 2025, were $1.47, compared to $1.14 for the same period in 2024, representing an increase of 29.0%[60]. - The annualized return on average common stockholders' equity increased to 11.30% for the first quarter of 2025, up from 9.36% in the first quarter of 2024[54]. - The annualized return on average assets improved to 1.15% for the three months ended March 31, 2025, compared to 0.93% for the same period in 2024[54]. Income and Expenses - Net interest income increased by $4.5 million (10.1%) to $49.3 million in Q1 2025, driven by higher interest income on loans and lower interest expense on deposits[5]. - Non-interest income for Q1 2025 was $6.6 million, a decrease of $216,000 compared to Q1 2024, with no significant changes in individual components[12]. - Non-interest expense increased by $400,000 to $34.8 million in Q1 2025, with an efficiency ratio of 62.27%, improved from 66.68% in Q1 2024[13]. - Noninterest expense for the three months ended March 31, 2025, was $34,822 million, slightly up from $34,422 million in the same period of 2024[60]. Asset and Capital Management - Total assets were approximately $5.99 billion at March 31, 2025, reflecting careful management of the loan portfolio and credit quality[6]. - Total stockholders' equity rose to $613.3 million as of March 31, 2025, up from $599.6 million at December 31, 2024, reflecting a $17.2 million net income[17]. - The Tier 1 Leverage Ratio was 11.3% and the Common Equity Tier 1 Capital Ratio was 12.4% as of March 31, 2025, indicating a strong capital position[5]. - The tangible common equity to tangible assets ratio improved to 10.08% as of March 31, 2025, compared to 9.87% as of March 31, 2024[69]. Loans and Deposits - Total deposits increased by $152.5 million in Q1 2025, with brokered deposits rising by $123.3 million, or 16.0%[25]. - Total net loans remained flat at $4.69 billion as of March 31, 2025, with increases in multi-family and construction loans offset by declines in commercial real estate and one-to-four-family residential loans[27]. - Total loans receivable increased to $4,756,057 million for the three months ended March 31, 2025, from $4,665,866 million in the same period of 2024[64]. Non-Performing Assets - Non-performing assets totaled $17.0 million at March 31, 2025, with non-performing assets at $9.5 million (0.16% of total assets), showing stability compared to previous quarters[5]. - Non-performing assets decreased to $9,518,000 as of March 31, 2025, compared to $9,566,000 on December 31, 2024[53]. - Non-performing loans decreased by $91,000 compared to December 31, 2024, totaling $3,482,000 as of March 31, 2025[34]. - Potential problem loans increased by $390,000 compared to December 31, 2024, reaching a total of $7,452,000 as of March 31, 2025[37]. Future Outlook and Plans - The Company expects its effective tax rate to be approximately 18.0% to 20.0% in future periods[16]. - The Board of Directors approved a new stock repurchase program in April 2025, authorizing the purchase of up to one million additional shares[21]. - The company plans to host a conference call on April 17, 2025, to discuss preliminary earnings for the first quarter of 2025[47]. Operational Developments - The company installed 10 ITM units in the St. Louis, Mo. market, enhancing customer service with live teller options[42]. - Construction of a new banking center in Springfield, Mo. began in March 2025, expected to be completed in Q4 2025[43]. - Technology updates are ongoing with the current core provider, with project completions expected to begin in Q3 2025[41].

Exhibit 99.1 Permian Basin Royalty Trust PERMIAN BASIN ROYALTY TRUST ANNOUNCES APRIL CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES DALLAS, Texas, April 17, 2025 – Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of $0.019615 per unit, payable on May 14, 2025, to unit holders of record on April 30, 2025. The distribution does not include proc ...

Financial Performance - Net sales for Q2 2025 increased by 26.1% to $160.7 million, driven by a 28.9% increase in shipments, despite a 2.2% decrease in average selling prices [82]. - Gross profit for Q2 2025 rose 56.1% to $24.5 million, representing 15.3% of net sales, compared to 12.3% in the prior year quarter [83]. - Net earnings for Q2 2025 increased to $10.2 million ($0.52 per diluted share), a 47.4% rise from $6.9 million ($0.35 per diluted share) in the prior year [88]. - For the first half of 2025, net sales increased by 16.6% to $290.4 million, reflecting a 20.2% increase in shipments [89]. - Gross profit for the first half of 2025 increased by 54.9% to $34.1 million, or 11.7% of net sales, compared to 8.8% in the same period last year [90]. Expenses and Charges - SG&A expenses for Q2 2025 increased by 37.1% to $10.8 million, accounting for 6.7% of net sales, up from 6.2% in the prior year [84]. - Restructuring charges of $1.4 million were incurred in the first half of 2025 due to the closure of the Warren facility acquired through the EWP Acquisition [92]. Cash Flow and Investments - Net cash provided by operating activities for the first half of 2025 was $15.7 million, down from $23.2 million in the prior year [98]. - Operating activities generated $15.7 million in cash during the first half of 2025, with a net increase in working capital using $9.6 million of cash due to a $21.5 million increase in accounts receivable [99]. - Investing activities used $76.3 million in cash during the first half of 2025, primarily due to the EWP Acquisition ($66.4 million) and the OWP Acquisition ($5.1 million) [102]. - Financing activities used $22.4 million in cash during the first half of 2025, including $20.6 million for dividend payments and $1.7 million for stock repurchases [104]. Tax and Capital Expenditures - The effective tax rate for the first half of 2025 increased to 23.5% from 23.2% in the same year-ago period [95]. - The company expects capital expenditures for fiscal 2025 to total approximately $17.0 million, down from $14.2 million in the prior year [102]. Market Outlook and Strategy - The company anticipates a strong outlook for public nonresidential construction, supported by federal funding from the Infrastructure Investment and Jobs Act [114]. - The company plans to continue pursuing acquisitions to expand market penetration and support future growth [116]. - The company is focused on managing expenses and realizing synergies from recent acquisitions to improve productivity and effectiveness [116]. Pricing and Earnings Impact - A 10% increase in the price of wire rod would have resulted in a $17.0 million decrease in pre-tax earnings for the first half of 2025 [119]. - The company successfully implemented price increases to recover raw material cost escalations during the first half of 2025 [110]. Borrowing Capacity - As of March 29, 2025, the company had $98.5 million of borrowing capacity available under its $100.0 million revolving credit facility [106].

Cash Distribution - PermRock Royalty Trust announced a cash distribution of $289,632.56, equating to $0.023807 per Trust Unit, based on production during February 2025[7] - The cash distribution is payable on May 14, 2025, to record holders as of April 30, 2025[7]

Financial Performance - Net income attributable to D.R. Horton decreased 31% to $810.4 million, or $2.58 per diluted share, compared to $1.2 billion, or $3.52 per diluted share, in the same quarter of fiscal 2024[2]. - Consolidated revenues for the second quarter decreased 15% to $7.7 billion from $9.1 billion in the same quarter of fiscal 2024[3]. - Homebuilding revenue decreased 15% to $7.2 billion, with homes closed decreasing 15% to 19,276 homes compared to the same quarter of fiscal 2024[10]. - Net sales orders decreased 15% to 22,437 homes, with an order value of $8.4 billion, compared to 26,456 homes and $10.1 billion in the same quarter of fiscal 2024[14]. - Homebuilding pre-tax income decreased 31% to $935.0 million, with a pre-tax profit margin of 13.0% compared to 16.0% in the same quarter of fiscal 2024[11]. - Revenues for the three months ended March 31, 2025, were $7,734.0 million, a decrease of 15.1% compared to $9,107.2 million for the same period in 2024[35]. - Net income attributable to D.R. Horton, Inc. for the six months ended March 31, 2025, was $1,655.3 million, down 21.9% from $2,119.5 million for the same period in 2024[35]. Assets and Liabilities - Total assets as of March 31, 2025, were $35,690.0 million, a slight decrease from $36,104.3 million as of September 30, 2024[33]. - The company’s total liabilities increased to $10,831.3 million as of March 31, 2025, from $10,279.9 million as of September 30, 2024, indicating a rise of 5.4%[33]. - The total liabilities as of March 31, 2025, were $10,831.3 million, with notes payable accounting for $6,518.4 million[39]. - The company reported a net cash used in financing activities of $2,141.9 million for the six months ended March 31, 2025, compared to $270.6 million for the same period in 2024[37]. Cash and Liquidity - Cash and cash equivalents decreased to $2,471.4 million as of March 31, 2025, from $4,516.4 million as of September 30, 2024, representing a decline of 45.4%[33]. - Cash provided by operating activities was $876.0 million, while cash used in rental activities was $(381.6) million[42]. - The company experienced a decrease in cash and cash equivalents from $4,516.4 million as of September 30, 2024, to $2,471.4 million as of March 31, 2025[39]. Shareholder Returns - D.R. Horton repurchased 9.7 million shares for $1.3 billion during the second quarter, totaling 16.5 million shares repurchased for $2.4 billion in the first six months of fiscal 2025[23]. - The company declared a quarterly cash dividend of $0.40 per share, payable on May 9, 2025[22]. - D.R. Horton maintained a disciplined approach to capital allocation, consistently returning capital to shareholders through share repurchases and dividends[29]. Future Outlook - For fiscal 2025, D.R. Horton expects consolidated revenues in the range of $33.3 billion to $34.8 billion and homes closed between 85,000 to 87,000[26]. - The company is focused on maximizing returns in each of its communities with affordable product offerings and flexible lot supply[29]. Inventory and Sales - Total inventory increased to $26,482.4 million as of March 31, 2025, compared to $24,903.2 million as of September 30, 2024, reflecting a growth of 6.3%[33]. - Home sales revenue for the three months ended March 31, 2025, was $7,180.9 million, contributing to a consolidated revenue of $7,734.0 million[42]. - The cost of sales for home sales was $5,614.7 million, resulting in a gross profit of $1,566.2 million for the same period[42]. - Home sales revenue for the three months ended March 31, 2024, was $8,466.7 million, contributing to a consolidated revenue of $9,107.2 million[45]. - For the six months ended March 31, 2024, home sales revenue reached $15,743.1 million, with consolidated revenue totaling $16,833.1 million[45]. Orders and Backlog - The company reported net sales orders of 22,437 homes valued at $8,358.6 million for the three months ended March 31, 2025, compared to 26,456 homes valued at $10,063.2 million for the same period in 2024[48]. - As of March 31, 2025, the sales order backlog consisted of 14,164 homes valued at $5,476.7 million, down from 17,873 homes valued at $7,039.3 million as of March 31, 2024[52]. - Homes closed during the three months ended March 31, 2025, totaled 19,276, with a value of $7,180.9 million, while 22,548 homes were closed in the same period of 2024, valued at $8,466.7 million[50]. Operational Metrics - The company's debt to total capital ratio was 21.1% as of March 31, 2025, with total liquidity of $5.8 billion[5]. - The company controlled a total of 613,100 lots as of March 31, 2025, compared to 632,900 lots as of September 30, 2024[54]. - Homes in inventory as of March 31, 2025, totaled 36,900, a slight decrease from 37,400 homes as of September 30, 2024[58].

Distribution Information - The San Juan Basin Royalty Trust will not declare a monthly cash distribution for April due to the application of net proceeds of $3,435,269 to excess production costs[6] Production Costs - The excess production costs are a result of Hilcorp San Juan L.P.'s drilling of two new horizontal wells in 2024[6]

Financial Performance - Net income for Q1 2025 was $5.8 million, a 30.2% increase from $4.4 million in Q1 2024[5] - Fully diluted earnings per share increased to $0.63, up 14.5% from $0.55 in the same period last year[3] - Net income increased to $5,773,000, up from $4,433,000 year-over-year, reflecting a growth of about 30.2%[14] - The company reported a net income of $5,773 thousand for Q1 2025, compared to a net loss of $12,651 thousand in Q4 2024[16] - Basic earnings per share improved to $0.63 from $0.55, representing a growth of 14.55%[14] - Basic earnings per share for Q1 2025 was $0.63, compared to a loss per share of $1.54 in Q4 2024[16] Interest Income and Margin - Net interest income rose to $17.9 million, a 21.4% increase compared to $14.7 million in Q1 2024[5] - Net interest income for the three months ended March 31, 2025, was $17,857,000, compared to $14,710,000 for the same period in 2024, representing a growth of approximately 21.5%[14] - The net interest margin improved to 3.30%, up 50 basis points from 2.80% in Q1 2024[5] - The net interest margin improved to 2.61% from 2.08%, indicating a significant enhancement in profitability[14] - The company maintained a net interest margin (fte) of 3.30% in Q1 2025, up from 3.04% in Q4 2024[16] - The net interest margin (tax equivalent basis) improved to 3.30% for the quarter ended March 31, 2025, compared to 3.04% in the previous quarter[17] Asset and Loan Growth - Loans grew at an annualized rate of 13.5% during the first quarter, reaching $1.771 billion[3] - Total loans receivable increased to $1,771,269,000, compared to $1,614,448,000, reflecting a growth of about 9.7%[14] - Total assets reached $2.376 billion, reflecting a 5.07% increase from $2.260 billion a year earlier[5] - Total assets as of March 31, 2025, were $2,376,044,000, up from $2,260,423,000, marking a growth of approximately 5.1%[14] - Total interest-earning assets increased to $2,217,043 thousand, up from $2,207,684 thousand in the previous quarter[17] - Loans receivable reached $1,743,572 thousand with a yield of 6.08%, slightly down from 6.18% in the previous quarter[17] Deposits and Liabilities - Total deposits increased by 9.0% year-over-year, totaling $2.004 billion as of March 31, 2025[5] - Total deposits reached $2,004,448,000, up from $1,838,998,000, indicating an increase of approximately 9.0%[14] - Total deposits increased to $2,004,448 thousand, a rise of 7.8% from $1,859,163 thousand at December 31, 2024[15] - Total interest-bearing liabilities were $1,690,438 thousand, with an average rate of 2.93%, down from 3.04% in the previous quarter[17] Efficiency and Asset Quality - The efficiency ratio for Q1 2025 was 59.7%, significantly improved from 70.6% in Q1 2024[5] - Return on average assets increased to 1.01%, a rise of 21 basis points compared to the previous year[5] - Return on average assets rose to 1.01%, compared to 0.80% in the previous year, showing an increase of 26.25%[14] - Return on average assets (annualized) improved to 1.01% in Q1 2025, compared to -2.19% in Q4 2024[16] - Non-performing loans to total loans ratio decreased to 0.45% from 0.23%, showing improved asset quality[14] Risk Management - The allowance for credit losses was $20,442,218, compared to $18,002,000, indicating a proactive approach to risk management[14] - The allowance for credit losses to total loans ratio was 1.15% as of March 31, 2025, slightly down from 1.16% at December 31, 2024[16] - The allowance for credit losses was $20,154 thousand, up from $18,741 thousand in the previous quarter[17]

Earnings Performance - First quarter 2025 earnings per diluted share were $0.66, up 26.9% from $0.52 in Q1 2024 and 100% from $0.33 in Q4 2024[1] - Net income for Q1 2025 was $9.0 million, a 25.4% increase from $7.2 million in Q1 2024 and a 95.2% increase from $4.6 million in Q4 2024[1] - Total revenues for Q1 2025 were $46.4 million, a slight increase from $45.1 million in Q1 2024[23] Asset and Loan Management - Total assets as of March 31, 2025, were $2,318,457, a decrease of 3.2% from $2,395,081 on December 31, 2024[25] - Net loans increased to $1,127,588 as of March 31, 2025, up 5.5% from $1,068,594 at the end of 2024[25] - Average loans for the quarter ended March 31, 2025, were $1,109,526, up 4.1% from $1,065,944 in the previous quarter[27] Deposits and Funding - Average deposits decreased by $46.1 million, or 4.3%, compared to Q1 2024, attributed to client funding needs for acquisitions[16] - Total deposits rose to $1,000,075, reflecting an increase of 3.1% from $967,916 on December 31, 2024[25] Interest Income and Margin - Net interest income rose by $2.8 million, or 17.0%, to $19.3 million, driven by an increase in net interest margin to 3.75% from 3.26%[5][9] - The net interest margin for the quarter was 3.75%, an increase from 3.55% in the previous quarter[29] - Average interest-earning assets increased to $2,104,603, up 4.0% from $2,022,794 in the prior quarter[27] Credit Losses and Provisions - The company recorded a provision for credit losses of $905,000 in Q1 2025, compared to $95,000 in Q1 2024, due to a 5.5% increase in total loans[11] Shareholder Actions - The company repurchased 116,109 shares at a weighted average price of $42.86, totaling $5.0 million[5] Operational Changes - The successful sale of the Telecom Expense Management business is expected to allow the company to focus on its strengths in financial exchange and information processing[3] Employee Metrics - Average full-time equivalent employees remained stable at 1,008 for the quarter ended March 31, 2025, unchanged from the previous quarter[29] Financial Ratios - Return on average equity improved to 15.91% for the quarter ended March 31, 2025, compared to 7.88% in the previous quarter[29] - Common equity tier 1 ratio improved to 14.11% as of March 31, 2025, compared to 13.84% at the end of 2024[29] Other Income - Net income from discontinued operations for the quarter was $415, a slight decrease from $434 in the previous quarter[33] Transportation and Facility Expenses - Transportation invoice volumes decreased by 4.7% year-over-year to 8.36 million, while dollar volumes were $8.6 billion, down 3.3% from Q1 2024[4] - Facility expense invoice volumes increased by 2.7% year-over-year to 4.2 million, with dollar volumes totaling $5.8 billion, reflecting a 16.1% increase from Q1 2024[6]

Financial Performance - Net sales for Q1 2025 were $46.0 million, a 2% increase from $45.0 million in Q1 2024[1] - Net income for Q1 2025 was $1.65 million, or $0.41 per diluted share, reflecting a 1% increase in net income and a 5% increase in diluted earnings per share compared to Q1 2024[2] - Gross margin improved to 39.0% in Q1 2025 from 38.7% in Q1 2024[7] Sales Performance by Segment - First aid product sales increased by 14% in Q1 2025, while Westcott cutting tools sales declined due to a lack of repeat orders from a major retailer[3] - U.S. segment net sales increased by 3% in Q1 2025 compared to the same period in 2024, driven by strong first aid and medical product sales[4] - European net sales decreased by 7% in U.S. dollars and 4% in local currency compared to Q1 2024, primarily due to a large promotion that did not repeat[5] - Canadian net sales increased by 5% in U.S. dollars and 6% in local currency compared to Q1 2024, with strong first aid product sales[6] Strategic Initiatives - The company paid approximately $6.1 million for the acquisition of Elite First Aid Inc. and generated approximately $12.0 million in free cash flow during the twelve-month period ended March 31, 2025[7] - The company expects to achieve more than $2.0 million in productivity savings this year from operational investments[3] - The company is exploring opportunities for strategic acquisitions to increase market share[3]

Retail Expansion - In fiscal 2024, the company opened a net of 64 new Build-A-Bear Workshop retail experience locations, with expectations of at least 50 new locations in fiscal 2025[26]. - The company has shifted to non-traditional retail locations, with over a third of total stores now in such settings, including family-centric tourist sites[26]. - The company’s retail stores also function as mini distribution centers, facilitating efficient fulfillment of digital demand through programs like "Buy Online, Ship From Store"[34]. Digital Transformation - The company has accelerated its digital transformation initiatives, enhancing marketing and loyalty programs to increase consumer engagement and expand its total addressable market[26]. Financial Performance - The company’s cash flows have improved significantly, allowing for increased support for key initiatives and returning capital to shareholders through dividends and share repurchases[26]. - The company’s operating margins have remained robust despite inflationary pressures, allowing for disciplined expense management and continued investment in growth initiatives[26]. Inventory and Currency Risk - As of February 1, 2025, the company's inventory balance was $69.8 million, an increase of $6.3 million compared to February 3, 2024[30]. - The company purchases all inventory in U.S. dollars, exposing it to currency risk from fluctuations in foreign currencies[237]. - A hypothetical 10% decrease in current foreign currency exchange rates would not have a material effect on the company's financial position or results of operations[238]. - Foreign currency transaction gains and losses have not been material to the company's financial statements to date[238]. - The company does not have a formal hedging program with respect to foreign currency[238]. - International sales are primarily denominated in Canadian dollars, Euros, and British pounds, which may affect pricing and revenue[237]. - The company’s foreign subsidiaries buy inventory in their functional currency, which can increase costs if their currencies depreciate against the U.S. dollar[237]. - Translation adjustments from foreign operations are reported in accumulated other comprehensive income[238]. - The company’s financial results are reported in U.S. dollars, which may be impacted by changes in currency exchange rates[236]. Employee Information - The company employs approximately 1,000 full-time and 4,100 part-time employees across the U.S., Canada, the UK, and the Republic of Ireland as of February 1, 2025[35]. Licensing and Brand Relationships - The company has developed licensing relationships with major brands such as Disney, NBCUniversal, and Pokémon to enhance its product offerings and marketing opportunities[49]. - The company’s strategic focus includes expanding product offerings and licensing relationships to drive retail performance and leverage brand equity[25]. Regulatory Compliance - The company is subject to the reporting requirements of the Securities Exchange Act of 1934 and files periodic reports with the SEC[50]. Risk Factors - For detailed risk factors that could affect results, refer to "ITEM 1A. RISK FACTORS" in the Annual Report[239].