Financial Performance - For Q4 2025, Regions Financial reported net interest income of $1,281 million, an increase from $1,257 million in Q3 2025[4] - Non-interest income for Q4 2025 was $640 million, slightly down from $659 million in Q3 2025[4] - Net income available to common shareholders for Q4 2025 was $514 million, a decrease from $548 million in Q3 2025[4] - The diluted earnings per share for Q4 2025 was $0.58, down from $0.61 in Q3 2025[4] - The company reported an adjusted net income available to common shareholders of $504 million for Q4 2025, down from $561 million in Q3 2025[4] - Net income for Q4 2025 was $534 million, a decrease from $569 million in Q3 2025 but equal to Q4 2024[21] - Net income available to common shareholders for the year ended December 31, 2025, was $2,061 million, representing a 16.2% increase from $1,774 million in 2024[38] - Net income for 2025 was $2,156 million, representing a 13.9% increase from $1,893 million in 2024[24] - Earnings per common share increased to $2.31 in 2025, up from $1.94 in 2024, reflecting a growth of 19.0%[24] Asset and Deposit Trends - Total assets at the end of Q4 2025 were $159,553 million, a slight decrease from $159,940 million in Q3 2025[4] - Total deposits increased to $131,128 million in Q4 2025, up from $130,334 million in Q3 2025[4] - Total deposits for Regions Financial Corporation increased to $129,850 million in Q4 2025, up 0.2% from Q3 2025 and 2.7% from Q4 2024[19] - Total deposits increased by $794 million (0.6%) from Q3 2025 to $131,128 million in Q4 2025, and increased by $3,525 million (2.8%) year-over-year from Q4 2024[18] - Wealth Management Segment deposits increased by $690 million (9.0%) from Q3 2025 to $8,344 million in Q4 2025, and increased by $608 million (7.9%) year-over-year from Q4 2024[18] Loan Performance - Total loans decreased by $996 million (1.0%) from Q3 2025 to $95,651 million in Q4 2025, and decreased by $757 million (0.8%) year-over-year from Q4 2024[16] - Net loans stood at $94.081 billion as of December 31, 2025, compared to $95.114 billion in 2024[10] - Total loans, net of unearned income, amounted to $96.077 billion, generating interest income of $1.389 billion at a yield of 5.75%[29] - Total business loans decreased to $63,004 million, a decline of $420 million or 0.7% from the previous quarter and down $551 million or 0.9% year-over-year[12] - Commercial and industrial loans amounted to $48,790 million, down $444 million or 0.9% from the previous quarter and down $881 million or 1.8% year-over-year[12] Credit Quality - The provision for credit losses was $115 million in Q4 2025, compared to $105 million in Q3 2025[4] - The allowance for credit losses stood at $1,686 million at the end of Q4 2025, down from $1,713 million in Q3 2025[4] - Non-performing loans as a percentage of total loans decreased to 0.73% in Q4 2025 from 0.96% in Q4 2024[10] - Total non-performing loans decreased to $698 million (0.73%) as of December 31, 2025, down from $758 million (0.79%) in the previous quarter[80] - Total commercial net charge-offs were $82 million for the quarter, up from $47 million in the previous quarter[76] Efficiency and Expenses - Efficiency ratio improved to 56.9% in 2025 from 59.5% in 2024[10] - Total non-interest expense for 2025 was $4,313 million, slightly higher than $4,242 million in 2024, indicating a 1.7% increase[24] - The adjusted efficiency ratio, a measure of productivity, is calculated as non-interest expense divided by total revenue, providing insights into the company's performance[59] - Total non-interest expense for the fourth quarter of 2025 was $1,098 million, a decrease of $5 million or 0.5% from $1,103 million in the previous quarter[56] Strategic Focus and Risks - The company anticipates potential declines in property values and increases in interest rates, which may adversely affect lending and financial results[1] - The company reported a significant risk related to changes in market interest rates, which could impact revenue and expenses[1] - The company highlighted the importance of managing credit risk and the potential impairment of loan collectability[1] - The company faces challenges in attracting and retaining deposits due to competitive pressures and changing consumer behaviors[1] - The company is committed to executing its strategic and operational plans to realize financial benefits from its initiatives[1]

Acquisition Details - QXO completed the acquisition of Beacon Roofing Supply for $124.35 per share, finalizing the merger on April 29, 2025[2]. - The acquisition was accounted for using the acquisition method of accounting, with QXO identified as the accounting acquirer[22]. - The preliminary aggregate acquisition consideration for the acquisition was $10,644.0 million[49]. - The estimated fair value of goodwill resulting from the acquisition is $5,068.9 million[49]. - The company recorded a write-off of $2.4 million related to loss on debt extinguishment as part of the acquisition[56]. Financing Activities - The company raised approximately $1.45 billion from public offerings of 55.8 million shares of common stock at $16.50 per share and 11.5 million depositary shares of Series B Mandatory Convertible Preferred Stock at $50 per share[3]. - QXO issued $2.25 billion in Senior Secured Notes and entered into a $2.25 billion senior secured term loan facility to finance the acquisition and related expenses[17]. - The May 2025 Equity Financing generated net proceeds of $892.5 million from the sale of 48.5 million shares of common stock, after deducting offering costs[20]. - The company also raised $558.1 million from the sale of 11.5 million depositary shares of Mandatory Convertible Preferred Stock, which were used to repay $1.4 billion of QXO Building Products' Term Loan Facility[21]. - In June 2025, the company raised $1.96 billion in net proceeds from the sale of 89.9 million shares at $22.25 per share, with additional proceeds of $38.1 million from the partial exercise of an underwriter option[25][26]. - The total gross proceeds from various equity financings in 2024 amounted to approximately $5.1 billion, including $1.0 billion from the Investment Agreement and $3.5 billion from the June 2024 Purchase Agreements[11][12]. - In January 2026, the company entered into an investment agreement to purchase up to 300,000 shares of Series C Convertible Perpetual Preferred Stock for an aggregate price of $3.0 billion to fund Qualifying Acquisitions[29]. - The company intends to use the net proceeds from the Convertible Preferred Investment for acquisitions exceeding $1.5 billion[30]. Financial Performance - For the year ended December 31, 2024, net sales were $9,820.1 million, with a gross profit of $2,396.2 million[33]. - Total operating expenses for the same period were $2,385.7 million, resulting in an income from operations of $10.5 million[33]. - The net income attributable to common stockholders for the year ended December 31, 2024, was $(242.6) million, with a net income per share of $(0.39) on a diluted basis[33]. - The company reported a net income (loss) of $(166.3) million for the year ended December 31, 2024[33]. - The weighted-average common shares outstanding were 621.4 million for the year ended December 31, 2024[33]. - Net sales reached $7,342.7 million, with QXO contributing $4,648.1 million and Beacon contributing $2,694.6 million[36]. - Gross profit totaled $1,839.3 million, with QXO's gross profit at $1,042.8 million and Beacon's at $664.8 million[36]. - Total operating expenses amounted to $1,999.6 million, with QXO's operating expenses at $1,218.5 million and Beacon's at $699.8 million[36]. - The net loss attributable to common stockholders was $377.0 million, with a loss per share of $0.46[36]. - The company incurred interest expense of $170.9 million, with a net interest income of $80.1 million[36]. - The provision for income taxes resulted in a benefit of $72.6 million, contributing to the overall net loss[36]. - The weighted-average common shares outstanding were 578.1 million for both basic and diluted calculations[36]. Pro Forma Adjustments - The unaudited pro forma combined financial information reflects operations from January 1, 2024, and includes Beacon's financials from April 29, 2025, to September 30, 2025[4]. - The pro forma adjustments are preliminary and subject to change based on final determinations of asset valuations and liabilities assumed in the acquisition[7]. - The January 2026 Investment Agreement's pro forma effect was not included in the financial information as it is contingent upon future acquisitions[31]. - Pro forma adjustments were made based on management's estimates and assumptions for the acquisition accounting[42]. - The pro forma weighted average shares outstanding increased to 621.4 million for the year ended December 31, 2024 due to the issuance of common stock from various financing agreements[61]. - The pro forma amortization of intangible assets was $466.7 million for the year ended December 31, 2024[53]. - The statutory income tax rate used for pro forma adjustments was 26.0% for both the year ended December 31, 2024 and the nine months ended September 30, 2025[57]. - The company anticipates that the adjustments to the combined statements of operations will not affect results beyond twelve months after the acquisition date[50]. - Adjustments to selling, general and administrative expenses (SG&A) resulted in a net pro forma adjustment of $55.7 million for the year ended December 31, 2024[54]. - Pro forma adjustments included a $131.7 million increase in cost of products sold for the estimated fair value of inventories recognized during the first year post-acquisition[50]. - The company made reclassifications to align QXO and Beacon's financial statement presentations, impacting interest and other income[44].

Acquisition Details - QXO completed the acquisition of Beacon Roofing Supply for $124.35 per share, finalizing the merger on April 29, 2025[2]. - The acquisition was accounted for using the acquisition method, with QXO identified as the accounting acquirer[22]. - QXO repaid all historical Beacon debt outstanding as part of the acquisition financing[19]. - The preliminary aggregate acquisition consideration for the acquisition was $10,644.0 million[49]. - Estimated fair value of goodwill from the acquisition is $5,068.9 million[49]. - The company recorded a write-off of $2.4 million related to loss on debt extinguishment as part of the acquisition[56]. Financing Activities - The company raised approximately $1.45 billion from public offerings of common stock and Mandatory Convertible Preferred Stock in May 2025[3]. - QXO issued $2.25 billion in Senior Secured Notes and entered a $2.25 billion senior secured term loan facility to finance the acquisition[17]. - The May 2025 Equity Financing included the sale of 48.5 million shares at $16.50 per share, generating $892.5 million in net proceeds[20]. - The company also raised $558.1 million from the issuance of 11.5 million depositary shares of Mandatory Convertible Preferred Stock[21]. - In June 2025, the company raised $1.96 billion in net proceeds from the sale of 89.9 million shares at $22.25 per share, with additional proceeds of $38.1 million from the partial exercise of an underwriter option[25]. - The proceeds from the June 2025 equity financing were used for general corporate purposes and not to pay down any debt related to the acquisition[26]. - On November 5, 2025, the company refinanced its Term Loan Facility, reducing the applicable margin for borrowings from 3.00% to 2.00% for Term SOFR borrowings and from 2.00% to 1.00% for base rate borrowings[27]. - The January 2026 Investment Agreement allows investors to purchase up to 300,000 shares of Series C Convertible Perpetual Preferred Stock for an aggregate price of $3.0 billion to fund one or more qualifying acquisitions[29]. - The company intends to use the net proceeds from the Convertible Preferred Investment for acquisitions with a purchase price exceeding $1.5 billion[30]. Financial Performance - For the year ended December 31, 2024, net sales were reported at $9,820.1 million, with a gross profit of $2,396.2 million[33]. - Total operating expenses for the same period were $2,385.7 million, resulting in an income from operations of $10.5 million[33]. - The net income attributable to common stockholders for the year ended December 31, 2024, was reported at a loss of $242.6 million[33]. - Basic net income per common share for the year was $(0.39)[33]. - Net sales reached $7,342.7 million, with QXO contributing $4,648.1 million and Beacon contributing $2,694.6 million[36]. - Gross profit totaled $1,839.3 million, with QXO's gross profit at $1,042.8 million and Beacon's at $664.8 million[36]. - Total operating expenses amounted to $1,999.6 million, with QXO's expenses at $1,218.5 million and Beacon's at $699.8 million[36]. - The net loss attributable to common stockholders was $377.0 million, with a basic and diluted loss per share of $0.46[36]. - The company incurred interest expense of $170.9 million, with a net interest income of $80.1 million[36]. - The provision for income taxes resulted in a benefit of $72.6 million, contributing to the overall net loss[36]. - The weighted-average common shares outstanding were 578.1 million for both basic and diluted calculations[36]. Pro Forma Adjustments - The unaudited pro forma combined financial information reflects operations from January 1, 2024, and includes Beacon's results post-acquisition[4]. - The pro forma adjustments are preliminary and subject to change based on final acquisition accounting[5]. - Pro forma adjustments were made based on management's estimates and assumptions for the acquisition accounting[42]. - Pro forma basic weighted average shares outstanding increased to 621.4 million for the year ended December 31, 2024[61]. - The statutory income tax rate used for pro forma adjustments is 26.0% for both the year ended December 31, 2024 and the nine months ended September 30, 2025[57]. - Pro forma amortization of intangible assets is estimated at $466.7 million for the year ended December 31, 2024[53]. - Adjustments to selling, general and administrative expenses (SG&A) resulted in a net pro forma adjustment of $55.7 million for the year ended December 31, 2024[54]. - Pro forma adjustment to cost of products sold includes $131.7 million for the estimated fair value of inventories recognized during the first year post-acquisition[50]. - The company made reclassifications to align QXO and Beacon's financial statement presentations, impacting interest expense and other income[44]. - The company anticipates a significant change in the effective tax rate post-merger due to various factors[57]. - The pro forma financing transaction accounting adjustments reflect new interest expenses associated with the acquisition financing totaling $356.1 million for the year ended December 31, 2024[55].

Financial Performance - Total Adobe ARR reached approximately $25.20 billion as of November 28, 2025, reflecting an 11.5% increase from $22.61 billion as of November 29, 2024[243]. - Digital Media ARR grew to $19.20 billion at the end of fiscal 2025, representing an 11.5% year-over-year growth from $17.22 billion[224]. - Digital Media segment revenue increased to $17.65 billion in fiscal 2025, up from $15.86 billion in fiscal 2024, marking an 11% year-over-year growth[224]. - Digital Experience revenue was $5.86 billion in fiscal 2025, up from $5.37 billion in fiscal 2024, representing a 9% year-over-year growth[226]. - Net income for fiscal 2025 was $7.13 billion, an increase of $1.57 billion or 28% compared to fiscal 2024[243]. - Total revenue for fiscal 2025 reached $23,769 million, an increase of 11% compared to $21,505 million in fiscal 2024[246]. Revenue Breakdown - Subscription revenue for fiscal 2025 was $22.90 billion, representing a 12% increase from $20.52 billion in fiscal 2024[239]. - Digital Media segment revenue grew by $1.79 billion to $17,649 million, representing an 11% increase from $15,864 million in fiscal 2024[246]. - Subscription revenue for Digital Media increased by 12% to $17,389 million, driven by strong performance in Creative Cloud Pro and Acrobat[247]. - Revenue from the Americas was $14,120 million, accounting for 59% of total revenue, with a 10% increase from $12,891 million in fiscal 2024[251]. Expenses and Costs - Cost of revenue for fiscal 2025 was $2.55 billion, which increased by $193 million or 8% compared to fiscal 2024[243]. - Operating expenses for fiscal 2025 were $12.51 billion, remaining relatively flat compared to fiscal 2024[243]. - Research and development expenses increased by 9% to $4,294 million, maintaining 18% of total revenue[259]. - Operating expenses totaled $12,512 million, a slight increase of 1% from $12,406 million in fiscal 2024[259]. - Interest expense rose by 56% to $263 million, primarily due to new senior notes issued in January 2025[267]. - Provision for income taxes increased by 17% to $1,604 million, with an effective tax rate of 18%[273]. Cash Flow and Investments - Cash flows from operations amounted to $10.03 billion during fiscal 2025, increasing by $1.98 billion or 25% compared to fiscal 2024[243]. - Net cash provided by operating activities for fiscal 2025 was $10.03 billion, an increase from $8.06 billion in fiscal 2024[292]. - Net cash used for investing activities in fiscal 2025 was $1.19 billion, primarily due to purchases of short-term and long-term investments[293]. - Net cash used for financing activities in fiscal 2025 was $11.06 billion, mainly due to common stock repurchases and repayment of notes[294]. Acquisitions and Agreements - The company entered into a definitive agreement to acquire Semrush Holdings, Inc. for approximately $1.9 billion, expected to close in the first half of fiscal 2026[299]. Financial Position - As of November 28, 2025, the company had $5.43 billion in cash and cash equivalents, down from $7.61 billion as of November 29, 2024[291]. - The company has a $1.5 billion senior unsecured revolving credit agreement, with no outstanding borrowings as of November 28, 2025[300]. - The stock repurchase program authorized up to $25 billion through March 14, 2028, with $11.28 billion spent on repurchases during fiscal 2025[305][306]. - The total valuation allowance for deferred tax assets was $806 million as of November 28, 2025, primarily related to certain U.S. state and federal credits and capital loss carryforwards[275]. Foreign Currency Exposure - For fiscal 2025, significant foreign currency revenue exposures include €3.43 billion in Euros, ¥163.83 billion in Japanese Yen, and £942 million in British Pounds[312]. - As of November 28, 2025, the gross notional amounts of outstanding foreign exchange contracts totaled $6.54 billion, with $3.27 billion in Euros and $884 million in Japanese Yen[312]. - A sensitivity analysis indicates that a 10% increase in the U.S. Dollar would increase the fair value of financial hedging instruments by $456 million[313]. - Long-term investment exposure in non-U.S. Dollar functional currency foreign subsidiaries totaled $1.32 billion as of November 28, 2025, with no hedging applied[314]. - The company does not use foreign exchange contracts for speculative trading or to entirely offset foreign currency exposure[315]. - Cash flow hedges for foreign currency revenue and expenses are utilized to mitigate risks, with maturities of up to 24 months[316]. Interest Rate Risk - As of November 28, 2025, the company had $1.16 billion in short-term investments, with a potential $4 million market value change from a 150 basis point shift in interest rates[322]. - The company has $6.15 billion of senior notes outstanding, with interest rate swaps converting $2.70 billion of fixed rates to floating rates[323]. - An immediate 50 basis point change in market interest rates would result in a $71 million change in the fair value of the hedged fixed-rate debt[323]. - The total carrying amount of senior notes was $6.21 billion, with a fair value of $6.18 billion based on observable market prices[324].

Financial Results - Capital Southwest Corporation announced preliminary estimates of its financial condition and results of operations for the fiscal quarter ended December 31, 2025[4]. - The press release detailing these estimates was issued on January 15, 2026[4]. - The report indicates that the information disclosed will be deemed "filed" for purposes of the Securities Exchange Act of 1934[5]. - The financial statements and exhibits related to the report include a press release and an interactive data file[6]. Company Information - The company is listed on The Nasdaq Global Select Market under the trading symbol CSWC[3]. - Michael S. Sarner serves as the President and Chief Executive Officer of Capital Southwest Corporation[9].

Revenue Performance - Fourth Quarter 2025 revenue was $3.10 billion, a decrease of 2% compared to $3.15 billion in Q4 2024[2] - Full Year 2025 revenue totaled $12.00 billion, down 1% from the previous year[6] - Intermodal (JBI) segment revenue decreased 3% year-over-year, driven by a 2% decline in load volume[7] - Dedicated Contract Services (DCS) revenue increased 1% in Q4 2025, with customer retention rates at approximately 94%[9] - Integrated Capacity Solutions (ICS) segment revenue was $305 million, down 1%, with an operating loss of $3.3 million compared to a loss of $21.8 million in Q4 2024[11] - Truckload (JBT) revenue increased 10% to $200 million, primarily due to a 15% increase in load volume[18] - Intermodal revenue for 2025 was $5,975,358, accounting for 50% of total revenue, slightly up from $5,956,092 in 2024[32] - Marketplace revenue for J.B. Hunt 360 was $349.1 million in 2025, a decline from $395.8 million in 2024[36] Profitability - Operating income for Q4 2025 increased 19% to $246.5 million from $207.0 million in Q4 2024[4] - Operating income for 2025 was $865,069, representing an increase of 4.1% compared to $831,225 in 2024[32] - Diluted earnings per share for Q4 2025 were $1.90, up 24% from $1.53 in Q4 2024[2] - Net earnings for 2025 were $979,688, representing a 5.0% increase from $931,886 in 2024[31] Expenses and Liabilities - Total operating expenses for 2025 were $11,134,027, a decrease of 1.08% from $11,255,979 in 2024[30] - Total current liabilities increased by $257,303,000, reflecting a significant rise in financial obligations[38] - Current liabilities rose from $1,678,040,000 in 2024 to $1,935,343,000 in 2025, an increase of about 15.4%[38] - Long-term debt decreased from $977,702,000 in 2024 to $766,938,000 in 2025, a decline of approximately 21.5%[38] Cash Flow and Assets - Cash and cash equivalents at December 31, 2025, were $17 million, with total debt outstanding of $1.47 billion[20] - Net cash provided by operating activities increased from $1,483,156,000 in 2024 to $1,678,272,000 in 2025, representing a growth of about 13.2%[40] - Total current assets decreased from $1,770,983,000 in 2024 to $1,604,190,000 in 2025, a decline of approximately 9.4%[38] - Net property and equipment slightly decreased from $5,729,799,000 in 2024 to $5,538,101,000 in 2025, a decrease of about 3.3%[38] Shareholder Information - The company repurchased approximately 6.3 million shares for approximately $923 million in 2025, with $968 million remaining under share repurchase authorization[21] - Actual shares outstanding at the end of the period decreased from 100,555,000 in 2024 to 94,595,000 in 2025, a reduction of approximately 5.9%[40] - Book value per actual share outstanding decreased from $39.92 in 2024 to $37.69 in 2025, a reduction of approximately 5.6%[40] - Stockholders' equity decreased from $4,014,505,000 in 2024 to $3,565,085,000 in 2025, a decline of approximately 11.2%[38] Operational Metrics - The average number of third-party carriers increased to approximately 126,400 in 2025 from 110,000 in 2024[36] - The number of loads in the Dedicated segment decreased to 3,885,463 in 2025 from 3,985,221 in 2024[36] - Average revenue per load in the Intermodal segment decreased to $2,795 in 2025 from $2,849 in 2024[36] - The gross profit margin for Integrated Capacity Solutions was 14.5% in 2025, down from 16.1% in 2024[36] - Net capital expenditures decreased from $674,406,000 in 2024 to $574,774,000 in 2025, a decline of about 14.7%[40]

NABORS INDUSTRIES LTD. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): January 15, 2026 (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Bermuda 001-32657 98-0363970 (Commission File Number) (I.R.S. Employer Identification No.) Crown House 4 Par-la-Ville Road Second Floor Hamilton, HM08 Bermuda N/A (Addr ...

ICF International, Inc. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 15, 2026 (Exact name of registrant as specified in its charter) | Delaware | 001-33045 | 22-3661438 | | --- | --- | --- | | (State or other jurisdiction of | (Commission File Number) | (I.R.S. Employer | | incorporation or organization) | | Identification Number) ...

Exhibit 99.1 Cloudastructure Releases 2025 Year in Review and Select Preliminary Unaudited 2025 Results, Highlighting Approximately 270% Year-Over-Year Revenue Growth Strong Financial Performance, Customer Adoption, and Platform Innovation Define a Transformational Year as AI-Powered Surveillance Platform Scales Nationwide Unified AI-Driven Security Platform Gains Momentum Across Multiple High-Risk Verticals PALO ALTO, Calif. — January 15, 2026- Cloudastructure, Inc. (Nasdaq: CSAI) ("we," "us," "our," "Clou ...

ANNUAL GENERAL MEETING Notice of Annual General Meeting of Shareholders Management Information Circular Date: Tuesday, February 24, 2026 Place: Suite 838 - 1100 Melville Street Vancouver, British Columbia Time: 10:00 a.m. (Pacific time) 2026 Management Information Circular i CORPORATE DATA Head Office 838 - 1100 Melville Street Vancouver, British Columbia Canada V6E 4A6 Directors and Officers Frank Hallam, President, Chief Executive Officer & Director Diana Walters, Chairperson & Director John Copelyn, Dire ...