Financial Performance - Citigroup reported net income of $14.3 billion, or $6.99 per share, in 2025, compared to $12.7 billion, or $5.94 per share, in the prior year, reflecting a 12.6% increase in net income[37]. - Citigroup's net income for 2025 was $16.1 billion, or $7.97 per share, representing a 13% increase from the prior year[38]. - Citigroup's net income attributable to common shareholders increased to $14,306 million in 2025, compared to $12,682 million in 2024, marking a growth of 12.8%[68]. - Net income from continuing operations was $14.455 billion, reflecting a 13% increase compared to 2024, with notable growth in Banking and Wealth segments[90]. - Net income for 2025 reached $1.49 billion, representing a 49% increase compared to 2024[150]. - Net income increased by 124% to $3.1 billion[168]. - Net loss for 2025 was $4.5 billion, compared to a net loss of $2.4 billion in 2024, representing an increase of 83%[197]. Revenue Growth - Revenues for Citigroup in 2025 were $85.2 billion, a 6% increase year-over-year, driven by an 11% rise in net interest income[39]. - Total revenues, net of interest expense, rose to $85,225 million in 2025, up 5.6% from $80,722 million in 2024[68]. - Total revenues increased by 32% to $8.215 billion, driven by growth in Investment Banking and Corporate Lending[134]. - Total revenues increased by 14% to $8.56 billion, driven by growth in Citigold, the Private Bank, and Wealth at Work[151]. - Total revenues decreased by 41% to $4.4 billion in 2025, driven by lower revenues in Corporate/Other and Legacy Franchises[197]. Operational Metrics - Average loans increased by 5% to $716 billion in 2025, primarily due to growth in Markets, USPB, and Services[40]. - Average deposits rose by 4% to approximately $1.4 trillion, mainly driven by an increase in Services[41]. - Average loans across business lines increased to $93 billion, a 9% rise from the previous year, with TTS loans specifically growing by 10%[97]. - Average loans decreased to $82 billion, a 7% decline compared to 2024[130]. - Average mortgage loans increased by 14% to $49 billion[171]. Expenses and Provisions - Operating expenses were $55.1 billion, up 3% from the previous year, influenced by higher compensation and technology investments[42]. - Total operating expenses increased by 7% to $14.08 billion, primarily due to higher compensation and benefits[122]. - Provisions for credit losses were $10.3 billion, reflecting net credit losses of $9.1 billion, a 1% increase from the prior year[44]. - Provisions for credit losses were $720 million, reflecting a net ACL build of $636 million and net credit losses of $84 million[138]. - Provisions for credit losses were $1.5 billion, reflecting a 24% increase in net credit losses to $1.2 billion, driven by higher consumer lending volume[203]. Capital and Equity - The Common Equity Tier 1 (CET1) Capital ratio was 13.2% as of December 31, 2025, down from 13.6% the previous year[47]. - Citigroup's balance sheet overview indicates a strong capital position, supporting ongoing investments and strategic initiatives[14]. - Common equity increased by $1.5 billion, or 1%, to $14.3 billion, driven by $14.3 billion in net income and a $1.7 billion increase from the 25% Banamex equity interest sale[86]. - The company completed the sale of 25% of Banamex's outstanding common shares, increasing stockholders' equity by approximately $1.7 billion[182]. Strategic Initiatives - The company made significant progress on its strategic priorities in 2025 and early 2026, indicating improved business performance[37]. - Citigroup's transformation strategy aims to position the company as a leader in wealth management and a valued personal bank in the U.S.[10]. - The divestiture of Banamex remains a strategic priority, with plans for an IPO and additional private sales[180]. - The company has exited nine markets as part of its strategic refresh, including substantial wind-downs in China and Russia[194]. Market Presence - The company is focused on expanding its market presence in nearly 160 countries and jurisdictions, enhancing its global footprint[9]. - Citigroup's transformation-related expenses increased by 14% to approximately $3.3 billion in 2025, driven by investments in data and controls[56]. Efficiency Metrics - The efficiency ratio improved to 64.7% in 2025, down from 66.4% in 2024, indicating better cost management[71]. - The efficiency ratio improved to 51%, down from 54% in 2024, indicating better cost management[95]. - Efficiency ratio improved to 54%, down from 72% in the previous year[134]. - Efficiency ratio improved to 76%, down from 85% in the previous year[150].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the Fiscal Year Ended December 31, 2025 or o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-35662 ___________________________________________ Washington, D.C. 20549 ___________________________________________ FORM 10-K ___________________________________________ x Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange ...

Financial Position - As of December 31, 2025, the Company's total assets were $8.3 billion, total loans were $6.8 billion, total deposits were $7.4 billion, and stockholders' equity was $743.1 million[17]. - As of December 31, 2025, the Company had a total loan portfolio of $6.7 billion, with 98.6% consisting of commercial real estate (CRE) and commercial and industrial (C&I) loans[149]. - The Company's minimum required capital conservation buffer was at 2.5% of risk-weighted assets as of December 31, 2025[105]. - The capital standards require a common equity Tier 1 capital ratio of at least 4.5%, a Tier 1 capital ratio of at least 6%, and a total capital to risk-weighted assets ratio of at least 8%[102]. - The Company maintains a zero loss expectation for nearly all of its held-to-maturity (HTM) securities portfolio as of December 31, 2025[67]. Loan Portfolio and Industry Focus - The Company focuses on middle-market businesses with annual revenues of $5 million to $400 million and real estate entrepreneurs with a net worth of $50 million or more[20][24]. - At December 31, 2025, 43.1% of the Company's real estate loan portfolio, amounting to $2.5 billion, consisted of loans to the healthcare industry, primarily for nursing and residential care facilities[36]. - At December 31, 2025, $302.9 million, or 34.7% of the Company's C&I loan portfolio, was allocated to the healthcare industry, with $212.3 million, or 70.1%, specifically for nursing and residential care facilities[44]. - The Company intends to continue emphasizing CRE and C&I lending, which involves higher risks due to the dependence on the successful operation of the underlying properties or businesses[149]. - The Company is required to comply with heightened risk management practices for its CRE portfolio due to regulatory focus, which could impact loan originations and profitability[151]. Funding and Deposits - The Company has a diversified funding strategy, generating stable deposits through various services, including corporate cash management and tailored financial solutions for government entities[29]. - The Company generates deposits from various sources, including traditional commercial banking products and tailored financial solutions for government entities[71]. - The Company has established deposit concentration thresholds to minimize reliance on any single depositor base[71]. - The Company has developed a strong deposit franchise through long-standing client relationships and a commitment to tailored banking solutions[29]. Regulatory Environment - The Company is subject to extensive regulation and supervision by the NYDFS and FRB, with compliance requirements impacting its operations[86]. - The Company is required to file periodic reports and is subject to periodic examination by the NYDFS and FRB[121]. - The federal banking agencies have increased regulatory scrutiny of the BSA and anti-money laundering programs maintained by financial institutions[128]. - The Company is subject to the rules of Visa, Mastercard, and other payment networks, which could impose fines for non-compliance[131]. - Compliance with the Dodd-Frank Act has resulted in additional operating burdens that may adversely affect the Company's financial condition and growth prospects[211]. Operational Risks - The Company faces operational risks related to its reliance on technology systems, which are essential for processing transactions and managing business operations[173]. - Cybersecurity threats could lead to financial losses and damage to the company's reputation, despite ongoing investments in security measures[176]. - The Company maintains internal controls and insurance to mitigate operational risks, but failures could materially affect its business and financial results[184]. - The unexpected loss of key personnel could adversely affect the Company's business due to their skills and industry experience, potentially leading to increased compensation costs to retain employees[185][187]. Employee and Corporate Culture - As of December 31, 2025, the Company employed 326 full-time employees and 2 part-time employees, reflecting a net increase of 35 employees, or approximately 10.6% from the prior year[73]. - The Company has been recognized as a Great Place to Work-Certified®️ in 2025, reflecting its commitment to employee engagement and community service[79]. - The Company is focused on integrating talent and culture into its long-term corporate strategy to mitigate risk and create shareholder value[74]. Economic and Market Risks - A downturn in economic conditions could lead to higher loan delinquencies and charge-offs, adversely affecting net income and financial condition[160]. - The company's loan portfolio is significantly affected by local economic conditions, particularly in New York, which could increase rates of delinquencies and defaults[164]. - Changes in monetary policy by the Federal Reserve may adversely affect net interest income and profitability, with interest rates remaining elevated[165]. - Inflation risk may decrease the value of assets and increase non-interest expenses, negatively impacting the company's financial condition[159]. Strategic Initiatives - The Company plans to open a new banking center in West Palm Beach, Florida, in the second quarter of 2026, expanding its physical footprint[21]. - The Company aims to differentiate itself through excellent service, competitive products, and timely lending decisions, focusing on underserved markets[25]. - The Company aims to convert lending clients into full retail clients to expand its retail presence[49]. - The Company is making significant investments in digital infrastructure and information technology systems for its digital transformation, which could adversely impact its business if unsuccessful[182]. Compliance and Legal Matters - The Company exited the crypto-asset business in 2023 and the GPG BaaS business in 2024[47]. - The Company exited its GPG BaaS business in 2024 and recorded a $10 million regulatory reserve related to an investigation by the Attorney General of Washington[212]. - Legislative and regulatory changes may increase costs and impact the Company's ability to offer new products and services, affecting overall profitability[214].

Commission file number 001-34096 Dime Community Bancshares, Inc. (Exact name of registrant as specified in its charter) | New York | 11-2934195 | | --- | --- | | (State or other jurisdiction of incorporation or organization) | (I.R.S. employer identification number) | | 898 Veterans Memorial Highway, Suite 560, Hauppauge, NY | 11788 | | (Address of principal executive offices) | (Zip Code) | Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT P ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 28, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-15295 TELEDYNE TECHNOLOGIES INCORPORATED (Exact name of registrant as specified in its charter) Delaware 25-1843385 ( ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-42436 MOUNTAIN LAKE ACQUISITION CORP. (Exact name of Registrant as specified in its Charter) Cayman Islands 98-1796213 (State or othe ...

FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-42436 MOUNTAIN LAKE ACQUISITION CORP. (Exact name of Registrant as specified in its Charter) Cayman Islands 98-1796213 (State or othe ...

Financial Performance - Total assets under management (AUM) reached approximately $1.5 billion, a 12% increase from the prior quarter and 5% higher year-over-year[2] - Operating revenue increased by $259,000, or 11.5%, compared to the prior quarter, totaling $2.51 million[16] - The company's income before taxes was $535,000, a significant improvement from a loss of $116,000 in the same quarter last year[2] - The effective tax rate for the quarter was elevated due to a tax expense of approximately $1.3 million related to HIVE convertible securities[3] - The company had net working capital of approximately $36.7 million and $25.2 million in cash and cash equivalents as of December 31, 2025[14] Shareholder Returns - The company's shareholder yield as of December 31, 2025, was 9.89%, more than double the yield on five-year and ten-year Treasury bonds[4] - A monthly dividend of $0.0075 per share was approved by the Board, starting January 2026[4] - The company repurchased 262,195 shares during the three-month period ended December 31, 2025[5] Market Trends - Gold demand exceeded 5,000 metric tons in 2025, with an annual value of approximately $555 billion, up 45% year-over-year[9] - Goldman Sachs raised its year-end 2026 gold forecast to $5,400 per ounce, citing continued demand from central banks[13]

Tenant and Revenue Concentration - As of December 31, 2025, the company's 10 largest tenants accounted for 64.4% of total Annual Recurring Revenue (ARR), with the largest tenant, the USG, representing 35.4%[53] - 90.3% of the company's ARR was derived from its Defense/IT Portfolio, indicating a heavy reliance on government spending and contracts[55] - The company developed 33 data center shells totaling 6.3 million square feet for a Fortune 100 cloud computing customer, which accounted for 11.3% of its ARR as of December 31, 2025[56] Economic and Market Conditions - The Greater Washington, DC/Baltimore region's economy faced challenges in 2025 due to federal spending reductions and a 43-day government shutdown, but the company has not been significantly affected due to the unique demand for its Defense/IT Portfolio[57][58] - The commercial real estate market is highly competitive, with numerous properties vying for tenants, which could pressure occupancy and rental rates[62] - The company is subject to various external factors, including economic conditions and tenant performance, which could influence financial outcomes[91] Risks and Liabilities - The company may face risks related to the inability to renew leases on favorable terms, which could lead to increased vacancy rates and higher leasing costs[59] - The company may encounter significant declines in real estate value due to broader economic conditions, which could lead to impairment losses and affect borrowing capacity[61] - The company is subject to various environmental liabilities and regulations that could impose substantial costs and affect property values[68][72] - Increased costs of insurance and limitations on coverage could adversely impact the company's financial position and ability to execute growth strategies[75] - Cybersecurity risks, including potential breaches and disruptions, could significantly impact operations and financial condition[93] - The company faces risks of default if unable to refinance or meet debt service obligations, potentially leading to foreclosure on secured properties[84] Financial Position and Debt - COPT Defense has $2.8 billion in debt as of December 31, 2025, with future maturities impacting cash flow and operational capabilities[81] - As of December 31, 2025, COPT Defense's total debt obligations amount to $2.58 billion, with a weighted average interest rate of 3.16%[216] - The fair value of COPT Defense's debt was $2.7 billion as of December 31, 2025, an increase from $2.2 billion as of December 31, 2024[218] - If interest rates had been 1% lower, the fair value of fixed-rate debt would have increased by approximately $88 million as of December 31, 2025[218] - COPT Defense's interest expense would have increased by approximately $512,000 in 2025 if the applicable variable index rate was 1% higher, indicating higher sensitivity to interest rate changes compared to 2024[219] REIT Status and Tax Implications - The company must distribute at least 90% of its annual taxable income to maintain REIT status, which may limit investment funding from retained cash flow[79] - COPT Defense has qualified for taxation as a REIT since 1992 and plans to continue meeting REIT requirements, which include deriving at least 95% of gross income from specified sources and distributing at least 90% of annual taxable income to shareholders[104] - If COPT Defense fails to qualify as a REIT, it would face federal income tax at regular corporate rates, significantly reducing funds available for investments and distributions to shareholders[106] - Changes in U.S. federal tax laws could negatively impact COPT Defense's operating results and financial condition, potentially affecting shareholder value[107] Growth Opportunities and Challenges - Future growth may be hindered by the loss of development opportunities or suitable land for data center shells, which are critical for the company's strategy[56] - Disruptions in global financial markets may affect COPT Defense's ability to access capital necessary for operations and investments[105] - COPT Defense's tenants may face operational disruptions that could affect their lease obligations and overall business sustainability[105] Shareholder Considerations - A downgrade in credit ratings could adversely impact capital costs and availability, as well as the market price of common shares[87] - The company may issue additional common or preferred equity, which could dilute existing shareholders' interests[88] - Restrictions in the Declaration of Trust may delay or prevent advantageous transactions or changes in control for shareholders[101] Technology and Innovation - The deployment of artificial intelligence (AI) technology is limited, presenting both opportunities and risks that could affect business operations[96] - The company is exposed to market risks, particularly changes in interest rates, which could lead to increased interest expenses under variable-rate debt[215]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-32269 EXTRA SPACE STORAGE INC. (Exact name of registrant as specified in its charter) Maryland 20-1076777 (State or other jurisdic ...