Financial Performance - Rayonier Inc. reported sales of $177.5 million for the three months ended September 30, 2025, a 43% increase from $124.1 million in the same period of 2024[18]. - Operating income for the three months ended September 30, 2025, was $41.7 million, compared to $18.8 million for the same period in 2024, reflecting a 121% increase[18]. - Net income attributable to Rayonier Inc. for the nine months ended September 30, 2025, was $448.5 million, significantly up from $32.0 million in the same period of 2024[18]. - Rayonier Inc. achieved a comprehensive income of $494.4 million for the nine months ended September 30, 2025, compared to $35.2 million in the same period of 2024[18]. - Net income for the nine months ended September 30, 2025, was $454.2 million, a significant increase from $35.8 million in the same period of 2024, representing a growth of 1165%[31]. - Operating income for the third quarter of 2025 was $41.7 million, compared to $18.8 million in the third quarter of 2024, reflecting a year-over-year increase of 121%[38]. - The company reported a net income of $454,231,000 for the nine months ended September 30, 2025, which includes a gain on the sale of discontinued operations of $404,463,000[90]. Earnings and Dividends - Rayonier Inc. reported a basic earnings per share of $0.28 for the three months ended September 30, 2025, up from $0.19 in the same period of 2024[18]. - The company paid dividends totaling $195.4 million for the nine months ended September 30, 2025, compared to $158.1 million in 2024, representing an increase of 23.5%[31]. - Dividends declared were $0.2725 per share, totaling $42,595,000 for the quarter[23]. - The company declared a one-time special dividend of $1.40 per common share, payable on December 12, 2025, to holders of record on October 24, 2025[67]. Assets and Liabilities - The company’s total assets increased to $3.49 billion as of September 30, 2025, compared to $3.47 billion at the end of 2024[20]. - Cash and cash equivalents rose to $919.6 million as of September 30, 2025, compared to $303.1 million at the end of 2024[20]. - The company’s total current liabilities decreased to $282.6 million as of September 30, 2025, from $388.7 million at the end of 2024[20]. - Total current assets increased to $972,921 thousand as of September 30, 2025, up from $436,893 thousand at December 31, 2024, representing a growth of 123%[40]. - Total liabilities decreased to $1,155,883 thousand as of September 30, 2025, down from $1,215,370 thousand at December 31, 2024, a reduction of approximately 5%[40]. - Long-term debt decreased to $845,119 thousand from $1,044,410 thousand, reflecting a decline of 19%[40]. Cash Flow - Cash provided by operating activities for the nine months ended September 30, 2025, was $204.9 million, compared to $173.8 million in 2024, marking an increase of 17.9%[31]. - The balance of cash, cash equivalents, and restricted cash at the end of the period was $920.3 million, a significant increase from $77.2 million at the end of the same period in 2024[31]. - Cash provided by investing activities was $642,880,000 for the nine months ended September 30, 2025, contrasting with cash used of $74,845,000 in 2024[31]. Shareholder Equity - As of September 30, 2025, the total shareholders' equity was $2,302,217,000, with retained earnings of $545,087,000[23]. - Shareholders' equity increased to $2.28 billion as of September 30, 2025, compared to $1.77 billion at the end of 2024[20]. - The company’s retained earnings increased to $514.2 million as of September 30, 2025, from $257.3 million at the end of 2024[20]. Discontinued Operations - Rayonier Inc. reported a gain on the sale of discontinued operations amounting to $404.5 million for the nine months ended September 30, 2025[18]. - The company reported a net income from discontinued operations of $404,415,000 for the quarter ending March 31, 2025[22]. - Rayonier's operating income from discontinued operations for the nine months ended September 30, 2025, was $1.9 million, compared to $21.9 million in 2024, reflecting a decline of 91.4%[71]. Segment Performance - For the three months ended September 30, 2025, total sales reached $177,531,000, with Southern Timber contributing $66,834,000 and Pacific Northwest Timber contributing $19,941,000[83]. - For the nine months ended September 30, 2025, total sales were $366,990,000, with Southern Timber at $171,102,000 and Real Estate at $130,355,000[90]. - Total timber sales for the nine months ended September 30, 2025, were $197,720, with Southern Timber at $137,856 and Pacific Northwest Timber at $59,864[108]. Financial Commitments and Debt Management - The company had available borrowings of $192.4 million under the Revolving Credit Facility as of September 30, 2025, net of $7.6 million securing outstanding letters of credit[136]. - The covenant EBITDA to consolidated interest expense ratio was 10.9 to 1 as of September 30, 2025, significantly exceeding the requirement of 2.5 to 1[137]. - Interest expense for the nine months ended September 30, 2025, was $13,654,000, down from $21,379,000 in the same period of 2024[145]. Taxation - Rayonier's income tax expense for continuing operations was $291,000 for the nine months ended September 30, 2025, compared to a benefit of $981,000 for the same period in 2024[180]. - The company's annualized effective tax rate after discrete items for the nine months ended September 30, 2025, was 0.6%, significantly lower than the 7.6% rate for the same period in 2024[181].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Table of Contents FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 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 0-20797 RUSH ENTERPRISES, INC. (Exact name of registrant as spec ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 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 0-20797 RUSH ENTERPRISES, INC. (Exact name of registrant as specified in its charter) W ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20429 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 PRINCETON BANCORP, INC. (Exact name of registrant as specified in its charter) Pennsylvania 88-4268702 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Id ...

Financial Performance - HEI's revenues for the three months ended September 30, 2025, decreased by 5% to $790.6 million compared to $833.2 million in the same period of 2024[240] - Operating income for the three months ended September 30, 2025, was $52.0 million, a significant improvement from a loss of $149.7 million in the prior year, primarily due to a $163 million adjustment to tort-related claims[240] - Net income for the three months ended September 30, 2025, was $30.7 million, compared to a loss of $104.4 million in the same period of 2024, reflecting improved performance in the electric utility segment[240] - For the nine months ended September 30, 2025, revenues decreased by 6% to $2.28 billion from $2.42 billion in 2024, driven by a decline in the electric utility segment[241] - The company recorded an operating income of $168.2 million for the nine months ended September 30, 2025, compared to a loss of $1.76 billion in the prior year, largely due to the prior year's $1.87 billion tort-related claims[241] - Revenues for the three months ended September 30, 2025, were $787 million, a decrease of $43 million compared to $830 million in 2024, primarily due to lower fuel oil prices and lower kWh generated[302] - Operating income for the three months ended September 30, 2025, was $63 million, an increase largely due to wildfire tort-related claims in 2024 and higher ARA revenues[302] - Net income for common stock for the three months ended September 30, 2025, was $37 million, an increase due to higher income before income taxes[302] - Revenues for the nine months ended September 30, 2025, were $2,268 million, a decrease of $143 million compared to $2,411 million in 2024, mainly due to lower fuel oil prices[303] - Operating income for the nine months ended September 30, 2025, was $203 million, an increase largely due to higher ARA revenue and better heat rate performance[303] - Net income for common stock for the nine months ended September 30, 2025, was $124 million, an increase due to higher income before income taxes[303] Expenses and Liabilities - Incremental expenses related to the Maui windstorm and wildfires for the three months ended September 30, 2025, totaled $59.8 million, with net expenses after insurance recoveries amounting to $4.5 million[243] - Total Maui windstorm and wildfires related expenses incurred by the company from August 8, 2023, through September 30, 2025, amount to approximately $2.3 billion, including $203 million for wildfire tort-related claims[245] - As of September 30, 2025, HEI and Hawaiian Electric had accrued estimated wildfire liabilities of approximately $1.92 billion, with the first installment of $479 million classified as a current liability[266] - The Utilities are expected to incur costs related to the Maui windstorm and wildfires amounting to $1.9 billion, which will not impact customer payments[349] Financing and Liquidity - On September 18, 2025, Hawaiian Electric issued $500 million in unsecured senior notes with a 6.00% interest rate, maturing on October 1, 2033, to finance capital expenditures and repay debt[232] - HEI increased its revolving credit facility to $300 million, extending the termination date to September 5, 2030, enhancing liquidity for future operations[231] - As of September 30, 2025, HEI consolidated had $2.5 billion in long-term and short-term debt, with $144 million due within 12 months[269] - The total available liquidity from cash and credit facilities as of September 30, 2025, was $1.611 billion, including $548 million in cash and cash equivalents[268] - HEI raised approximately $557.7 million from the sale of 62.2 million shares of common stock to fund contributions to the Maui wildfire tort litigation settlement[277] - The Utilities received PUC approval to issue up to $900 million in unsecured obligations during 2025-2027 to finance capital expenditures and repay debt[386] - The Utilities' liquidity has improved, but credit rating downgrades have resulted in higher credit spreads compared to investment-grade spreads[381] - The Utilities' capital structure as of September 30, 2025, included 58% long-term debt and 41% common stock equity[393] Market and Economic Conditions - The average daily passenger count in Hawaii was 3.7% lower in Q3 2025 compared to the same period in 2024, with international visitor arrivals (excluding Japan) remaining 22.1% below 2019 levels[248] - Hawaii's unemployment rate in August 2025 was 2.7%, slightly lower than the 3.0% rate in August 2024[249] - The median sales price for single-family homes in Hawaii was $1,145,000 in September 2025, slightly lower than the all-time high of $1,185,000 set earlier in February 2025[250] - The Federal Open Market Committee lowered the federal funds rate target range to 3.75% to 4% on October 29, 2025, citing moderated economic growth and elevated uncertainty[252] - UHERO forecasts a 1.7% real GDP growth for Hawaii in 2025, with a projected unemployment rate of 3.0%[253] Renewable Energy and Environmental Initiatives - The Utilities aim to cut carbon emissions from power generation by 70% by 2030, but progress has been slowed due to supply chain disruptions and federal policy changes[313] - Hawaiian Electric is committed to achieving net zero carbon emissions from power generation by 2045, with significant milestones already completed, including the closure of the last coal-fired plant and a 50% increase in rooftop solar over 2021 levels[314] - The Hawaii PUC's 2024 Inclinations set a goal to limit fossil fuel generation to no more than 40% on each island by 2030, alongside a push for 100% renewable electricity production in Hawaii and Maui by 2035[315] - The Utilities achieved a renewable portfolio standard (RPS) of 34.5% for 2020, exceeding the 30% target, and a revised RPS of 31.8% for 2022 under new calculation methods[319] - A penalty of $20 per megawatt-hour (MWh) could be imposed for failing to meet RPS targets, with a 1% shortfall in 2024 potentially resulting in a $2.1 million penalty[320] - The Utilities received a reward of $1.9 million for exceeding the RPS target in 2024, achieving a 35.8% RPS[320] - The Integrated Grid Planning process aims to modernize the grid and achieve high levels of renewable energy through stakeholder engagement and actionable steps[324] - The Utilities are exploring community-based renewable energy projects, with 12.5 MW of dedicated low-to-moderate income projects expected to become operational in 2026, though delays have occurred[332] - Contracts for solar plus storage facilities totaling 2.45 MW of photovoltaic capacity paired with 11.1 MWh of battery storage were approved for Molokai[334] - The PUC approved the Microgrid Service Tariff, creating a regulatory pathway for microgrid development in Hawaii[336] Operational Challenges and Developments - Hamakua Energy experienced a plant shutdown due to damages from contaminated fuel, leading to the purchase of a new combustion turbine for $X million, restoring full capacity by September 2024[258] - Mahipapa facility's cooling tower was destroyed by fire, resulting in a shutdown; repairs were completed by December 2024, and the facility returned to full capacity in Q1 2025, receiving $1.4 million in insurance proceeds[260] - The Utilities have faced delays in renewable energy projects due to supply chain disruptions and other unforeseen conditions, impacting their renewable portfolio standards goals[353] - Hawaiian Electric terminated a Grid Services Purchase Agreement due to financial difficulties faced by one of the aggregators[359] - The rebuilding of Lahaina's electric utility infrastructure is expected to incur significant costs due to new grid hardening strategies[383]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 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: 001-39936 United Homes Group, Inc. (Exact name of Registrant as specified in its charter) Delaware 85-3460766 (Stat ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 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: 001-39936 United Homes Group, Inc. (Exact name of Registrant as specified in its charter) Delaware 85-3460766 (Stat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended September 30, 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 1-11277 Valley National Bancorp (Exact name of registrant as specified in its charter) New Jersey 22-2477875 (State or other juris ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended September 30, 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 1-11277 Valley National Bancorp (Exact name of registrant as specified in its charter) New Jersey 22-2477875 (State or other juris ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended September 30, 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 1-11277 Valley National Bancorp (Exact name of registrant as specified in its charter) New Jersey 22-2477875 (State or other juris ...