UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ______________________________________________________________________________________________ FORM 10-Q ______________________________________________________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2025 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 F ...

Mechanics Bancorp Reports Fourth Quarter and Full Year 2025 Results | | | Fourth Quarter Highlights | | | --- | --- | --- | --- | | | | | $12.93 | | | | | Book Value Per Share | | $22.4 billion | $124.3 million | 14.07% | $7.81 | | Total Assets | Net Income | (1) CET1 Ratio | (2) Tangible Book Value Per Share | Walnut Creek, CA –January 30, 2026 – (BUSINESS WIRE) – Mechanics Bancorp (Nasdaq: MCHB) ("Mechanics" or the "Company"), the financial holding company of Mechanics Bank, today announced its financial ...

Exhibit 99.1 NECB Earnings Press Release for 12/31/2025: NORTHEAST COMMUNITY BANCORP, INC. REPORTS RESULTS FOR THE QUARTER AND YEAR ENDED DECEMBER 31, 2025 White Plains, New York, January 28, 2026 – NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the "Company"), the parent holding company of NorthEast Community Bank (the "Bank"), reported net income of $10.8 million, or $0.81 per basic share and $0.79 per diluted share, for the quarter ended December 31, 2025 compared to net income of $10.2 million, or $0 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Mark One) Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 2, 2026 FORM 10-Q 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: 1-8703 Registrant's telephone number, including area code: (408) 717-6000 Securities registered pursuant to Section 12(b) of the A ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Exact Name of Registrant as Specified in its Charter) incorporation or organization) DELAWARE 39-1168275 (State or other jurisdiction of (I.R.S. Employer Identification No.) 4129 North Port Washington Avenue, Milwaukee, Wisconsin (Address of principal executive offices) (Zip Code) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended December ...

Financial Performance - For the three months ended December 31, 2025, net revenue increased by 15% to $10,901 million compared to $9,510 million in the prior year[91]. - Net income for the same period was $5,853 million, reflecting a 14% increase from $5,119 million[91]. - Non-GAAP net income increased by 12% to $6,124 million compared to $5,463 million in the prior year[91]. - Non-GAAP diluted earnings per share increased by 15% to $3.17 from $2.75 in the prior year[91]. - Service revenue increased by 13% to $4,760 million in Q4 2025, driven by a 9% growth in nominal payments volume[3]. - Data processing revenue rose 17% to $5,544 million, supported by a 9% increase in processed transactions[3]. Operating Expenses - Operating expenses rose by 27% to $4,164 million, primarily due to higher litigation provisions[92]. - Total operating expenses for the three months ended December 31, 2025, were $4,164 million, a 27% increase from $3,276 million in 2024[5]. - The company recorded an additional accrual of $707 million related to interchange multidistrict litigation for the quarter[94]. Shareholder Actions - The company repurchased 11 million shares of class A common stock for $3.8 billion, with remaining authorized funds for repurchase at $21.1 billion[95]. - The company repurchased $3.8 billion of its class A common stock in the open market during the three months ended December 31, 2025[13]. - For the three months ended December 31, 2025, the company declared and paid $1.3 billion in dividends[15]. Cash Flow - Cash provided by operating activities increased to $6,780 million in Q4 2025, up from $5,396 million in 2024[10]. Market and Transaction Metrics - Payments volume, a key driver of service revenue, is calculated in U.S. dollars and excludes Europe co-badged volume[100]. - Processed transactions, which include payments and cash transactions, represent the total transactions processed on Visa's networks[100]. - Total nominal payments volume for the three months ended September 30, 2025, reached $3,732 billion, a 9% increase compared to $3,409 billion in 2024[1]. - Exchange rate movements contributed approximately one percentage point to net revenue growth for the quarter[91]. Tax and Regulatory Changes - The effective income tax rate decreased to 13% in Q4 2025 from 17% in 2024, primarily due to a $333 million deferred tax benefit[9]. - FASB issued ASU 2024-03 in November 2024, requiring additional disclosure on specific expense categories, effective for annual periods beginning October 1, 2027[119]. - FASB issued ASU 2025-06 in September 2025, modernizing accounting for internal-use software, effective for annual and interim periods beginning October 1, 2028[120]. - No significant changes to market risks since September 30, 2025[121]. Litigation and Escrow - The company deposited $500 million into a U.S. litigation escrow account for claims associated with interchange multidistrict litigation[17].

FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 27, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File #1-4224 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Exact name of registrant as specified in its charter) (State or other jurisdiction (IRS Employer of incorporati ...

Exhibit 99.1 Blue Ridge Bankshares, Inc. Announces 2025 Fourth Quarter and Full Year Results A Year of Return to Profitability and Termination of Consent Order RICHMOND, VA, January 29, 2026 /PRNewswire/ -- Blue Ridge Bankshares, Inc. (the "Company") (NYSE American: BRBS), the holding company of Blue Ridge Bank, National Association ("Blue Ridge Bank" or the "Bank") and BRB Financial Group, Inc., today announced financial results for the quarter and year ended December 31, 2025. For the quarter ended Decemb ...

Financial Performance - For the nine months ended September 30, 2025, total revenue was $60.8 million, a decrease of 14.4% from $70.9 million in the same period of 2024[306]. - Livestreaming ecommerce accounted for 99.61% of total revenue, generating approximately $60.6 million for the nine months ended September 30, 2025, compared to $70.9 million in 2024[294][308]. - The net loss for the period from continuing operations was $11.2 million for the nine months ended September 30, 2025, compared to a loss of $8.8 million in 2024[306]. - Revenue from livestreaming e-commerce decreased to $60.6 million for the nine months ended September 30, 2025, down 14.5% from $70.9 million in 2024[317]. - Loss before taxation increased to $11.2 million for the nine months ended September 30, 2025, up 27.3% from a loss of $8.8 million in 2024[329]. - Net loss attributable to equity holders was $10.8 million for the nine months ended September 30, 2025, compared to $8.5 million in 2024[331]. Revenue Sources - The business management and consulting segment generated $0.2 million in revenue for the nine months ended September 30, 2025, a significant increase from $44,000 in the same period of 2024[309]. - Revenue from DOU+ was nil in 2025, compared to $25.3 million in 2024, due to regulatory changes affecting advertising expenses[318]. - Revenue from business management and consulting services increased to $0.2 million for the nine months ended September 30, 2025, from $44,000 in 2024, representing a 440.9% increase[319]. Cost Management - The cost of revenues decreased from $68.5 million to $60.7 million for the nine months ended September 30, 2025, reflecting a reduction in operational costs[304]. - Total operating costs and expenses for continuing operations were $9.3 million for the nine months ended September 30, 2025, down from $12.7 million in 2024[307]. - Selling and distribution expenses decreased by 67.1% to $1.1 million for the nine months ended September 30, 2025, from $3.4 million in 2024[326]. - Administrative expenses decreased by 14.5% to $7.2 million for the nine months ended September 30, 2025, compared to $8.4 million in 2024[327]. - Cost of revenues for livestreaming e-commerce was $60.7 million for the nine months ended September 30, 2025, down from $68.3 million in 2024[320]. Strategic Changes - The company ceased operations in the DOU+ sector entirely in 2025, resulting in a revenue drop from $25.3 million in 2024 to $0 in 2025 due to regulatory changes[295]. - The company completed the divestiture of its ceramic tile manufacturing business on April 28, 2023, marking a strategic shift towards high-growth technology areas[299]. - The company has expanded its livestreaming ecommerce reach to second and third tier cities in China, where conversion rates are reportedly high[292]. - The SaaS platform for livestreaming ecommerce is expected to provide value-added services, although its official launch is pending regulatory clarifications[293]. Cash Flow and Financing - Net cash used in operating activities was $15.5 million for the year ended December 31, 2024, an increase of $7.0 million from $8.5 million in 2023[373]. - Net cash generated from financing activities was $3.3 million for the nine months ended September 30, 2025, a decrease from $12.4 million for the same period in 2024, primarily due to a $5.5 million decrease in equity finance inflow[377]. - The Company entered into a securities purchase agreement to sell 1,727,941 Class A ordinary shares at a price of $1.36, generating gross proceeds of approximately $2.35 million for business expansion in the U.S.[356]. Assets and Liabilities - Cash and bank balances increased to $1.9 million as of September 30, 2025, compared to $1.0 million as of December 31, 2024[379]. - Total outstanding note payables amounted to $2.4 million as of September 30, 2025[380]. - The company's total contractual obligations as of September 30, 2025, were $3.83 million, with $2.89 million due within one year[386]. - The net carrying amount of inventories as of September 30, 2025, was $5,000, compared to $0 as of December 31, 2024[420]. Market and Economic Conditions - The general annual inflation rate in China was approximately 2.0% in 2025, which may impact the company's profitability[388]. - Nearly all monetary assets and liabilities were denominated in RMB as of September 30, 2025, with some bank balances and borrowings in US dollars, highlighting potential foreign currency risk as the company expands into overseas markets[563]. - The Renminbi's exchange rate is influenced by China's political and economic conditions, with the People's Bank of China intervening to maintain stability, which could lead to significant fluctuations in the future[564]. - Limited hedging transactions are available in China to mitigate exchange rate fluctuations, and the company currently has no intention to enter into currency hedging transactions[565].

Financial Performance - Total net revenues for the six months ended December 31, 2025, increased to $848.68 million, up from $763.83 million in the same period of 2024, representing an increase of 11.1%[11] - Gross profit for the six months ended December 31, 2025, was $274.81 million, compared to $268.65 million for the same period in 2024, reflecting a growth of 2.4%[11] - Net income for the six months ended December 31, 2025, rose to $59.26 million, compared to $55.76 million in the prior year, marking an increase of 6.7%[11] - The company reported a diluted earnings per share of $3.39 for the six months ended December 31, 2025, up from $3.27 in the same period of 2024, an increase of 3.7%[11] - Basic earnings per share for the six months ended December 31, 2025, was $3.52, up from $3.33 in 2024, reflecting a growth of 5.7%[22] - The company reported a segment income from operations of $97,472 for the six months ended December 31, 2025[100] Cash and Liquidity - Cash and cash equivalents decreased to $106.41 million as of June 30, 2025, down from $336.72 million at December 31, 2024[10] - Net cash provided by operating activities for the six months ended December 31, 2025, was $79.337 million, significantly higher than $15.388 million in 2024[18] - Cash and cash equivalents at the end of the period totaled $336.722 million, with approximately 32% held by foreign subsidiaries[24] - Net cash provided by financing activities was $172.6 million for YTD Q2 fiscal 2026, compared to $89.2 million in the same prior-year period, driven by net proceeds of $562.9 million from the issuance of 2031 Notes[146] - Cash used in investing activities was $21.4 million for YTD Q2 fiscal 2026, a decrease from $97.6 million in the same prior-year period, mainly due to a prior-year business acquisition[145] Expenses and Liabilities - Total current liabilities increased to $696.94 million as of June 30, 2025, compared to $535.36 million at December 31, 2024, indicating a rise of 30.1%[10] - Operating expenses for the six months ended December 31, 2025, were $182.95 million, slightly up from $180.37 million in the same period of 2024, an increase of 1.4%[11] - Total interest and other expense for the six months ended December 31, 2025, was $(18,111) thousand, compared to $(15,978) thousand for the same period in 2024, reflecting a 7.1% increase[31] - The company recognized $5.6 million in impairment, restructuring, and other charges during the six months ended December 31, 2025, including $1.0 million for asset impairment and $1.1 million for employee terminations[55] Research and Development - Research and development expenses for the six months ended December 31, 2025, were $40.19 million, compared to $36.03 million in the same period of 2024, reflecting an increase of 11.9%[11] - Research and development expenses for the three months ended December 31, 2025, totaled $19,759, reflecting the company's commitment to innovation[97] - Research and development expenses rose by $1.5 million to $19.8 million in Q2 fiscal 2026, reflecting increased compensation costs for new product development initiatives[125] Acquisitions and Assets - The company acquired a provider of military and surveillance solutions for approximately $76 million, with total purchase consideration of $85.7 million allocated to assets acquired[38] - The acquisition date fair value of total assets acquired was $113.9 million, including $30.7 million in goodwill and $47.3 million in other intangible assets[38] - Goodwill as of December 31, 2025, was $385,747 thousand, down from $387,393 thousand as of June 30, 2025, reflecting a decrease of 0.4%[42] - Total intangible assets increased from $261,829 thousand as of June 30, 2025, to $268,083 thousand as of December 31, 2025[43] Shareholder Activities - The company repurchased 546,945 shares of common stock for a total price of $146.1 million, with 643,611 shares remaining available for repurchase under the authorized program[80] - Stock-based compensation expense for the six months ended December 31, 2025, was $13.250 million, down from $14.931 million in 2024[75] - As of December 31, 2025, total unrecognized compensation cost related to share-based compensation grants was estimated at $20.4 million[75] Taxation - The effective tax rates for the six months ended December 31, 2024 and 2025 were 22.9% and 19.7%, respectively, with net discrete tax benefits recognized of $1.7 million in 2025[92] - The effective tax rate decreased from 23.3% in Q2 fiscal 2025 to 19.5% in Q2 fiscal 2026, with a provision for income taxes of $9.4 million[128] Market and Economic Factors - The company faces uncertainties related to global economic factors, including inflation, interest rates, and geopolitical tensions, which may impact future performance[113] - The company is evaluating the financial impact of the One Big Beautiful Bill Act, which may affect its effective tax rate and deferred tax balances in future periods[93] Segment Performance - Security division revenues rose by 15.4% year-over-year to $334.7 million, with product revenues increasing by approximately $17.7 million and service revenues by $27.0 million[120] - Security division revenues for the six months ended December 31, 2025, increased by 14.5% to $589.0 million, driven by growth in both product and service revenues[130] - The company reported total revenues of $419.82 million for the three months ended December 31, 2024, with external customer revenue from the Security division at $289.99 million[95]