Alexandria Real Estate Equities, Inc. All Rights Reserved. © 2026 Table of Contents December 31, 2025 | COMPANY HIGHLIGHTS | Page | | Page | | --- | --- | --- | --- | | Alexandria's Mission and Cluster Model | iii | | CONFERENCE CALL | | | | | INFORMATION: | | EARNINGS PRESS RELEASE | | | Tuesday, January 27, 2026 | | Fourth Quarter and Year Ended December 31, 2025 Financial and | | | 2:00 p.m. Eastern Time | | Operating Results | 1 | Consolidated Statements of Operations | 8 11:00 a.m. Pacific Time | | Gui ...

January 26, 2026 FOR IMMEDIATE RELEASE For more information, contact: Nicole M. Weaver, First Vice President and Director of Corporate Administration 765-521-7619 http://www.firstmerchants.com SOURCE: First Merchants Corporation, Muncie, Indiana FIRST MERCHANTS CORPORATION ANNOUNCES FOURTH QUARTER 2025 EARNINGS PER SHARE First Merchants Corporation (NASDAQ - FRME) (the "Corporation") Achieved record full‑year results, including net income available to common stockholders of $224.1 million and diluted EPS of ...

Financial Performance - First Merchants Corporation reported a record net income of $224.1 million and diluted EPS of $3.88 for the full year 2025[1]. - In Q4 2025, net income available to common stockholders was $56.6 million, down from $63.9 million in Q4 2024, with diluted EPS at $0.99 compared to $1.10 in the same period[2]. - The return on average assets for Q4 2025 was 1.20%, down from 1.39% in Q4 2024[23]. - Net income available to common stockholders for Q4 2025 was $56,596,000, compared to $63,880,000 in Q4 2024, representing a decline of about 11.3%[22]. - Adjusted Net Income Available to Common Stockholders for the twelve months ended December 31, 2025 was $224,655 thousand, up from $203,315 thousand in 2024, representing an increase of 10.5%[31]. Loan and Deposit Growth - Total loans increased by $197.4 million, or 5.8% annualized, on a linked quarter basis, and by $938.8 million, or 7.3%, over the last twelve months[3]. - Total deposits rose by $424.9 million, or 11.4% annualized, on a linked quarter basis, and by $773.2 million, or 5.3%, year-over-year[6]. - Total loans reached $13,717,822 thousand in Q4 2025 from $12,757,676 thousand in Q4 2024, reflecting a growth of approximately 7.5%[23]. - Total deposits increased to $15,294,855 thousand from $14,521,626 thousand, indicating an increase of about 5.3%[21]. Asset and Liability Management - Total assets of the Corporation reached $19.0 billion as of quarter-end, with total loans at $13.8 billion[4]. - Total assets increased to $19,025,101 thousand from $18,311,969 thousand, representing a growth of approximately 3.9%[21]. - Total liabilities grew to $16,558,434 thousand, up from $16,006,986 thousand, which is an increase of approximately 3.4%[21]. - Stockholders' equity increased to $2,466,667 thousand from $2,412,402 thousand, indicating a growth of 2.2%[25]. Income and Expense Analysis - Net interest income for Q4 2025 was $139.1 million, an increase of $5.4 million, or 4.0%, from the previous quarter[8]. - Noninterest income totaled $33.1 million for the quarter, a decrease of $9.6 million from Q4 2024, primarily due to a prior year gain from branch sales[9]. - Noninterest Expense (GAAP) for the three months ended December 31, 2025, was $99,522 thousand, an increase from $96,561 thousand in the previous quarter[34]. - The provision for credit losses was $7.150 million in Q4 2025, up from $4.200 million in Q4 2024, indicating a significant increase in credit loss provisions[26]. Credit Quality and Performance - Nonperforming assets to total assets were 0.38% for Q4 2025, compared to 0.36% in the prior quarter, indicating stable credit performance[7]. - Nonaccrual loans increased to $71,773 thousand from $65,740 thousand in the previous quarter, representing an increase of 3.9%[24]. - Net charge-offs for Q4 2025 were $6,021,000, significantly higher than $771,000 in Q4 2024, marking a substantial increase[23]. - The allowance for credit losses on loans was $195,597 thousand, slightly up from $192,757 thousand, indicating a marginal increase of about 1.0%[21]. Efficiency and Profitability Metrics - The efficiency ratio for Q4 2025 was 54.52%, compared to 48.48% in Q4 2024, indicating a decline in operational efficiency[23]. - The net interest margin (FTE) for the twelve months ended December 31, 2025, was 3.25%, compared to 3.19% for the same period in 2024, indicating an improvement of 1.88%[30]. - Return on Tangible Common Equity for Q4 2025 was 13.57%, down from 16.75% in Q4 2024, reflecting a decrease of 3.18 percentage points year-over-year[33]. - The Efficiency Ratio (Non-GAAP) improved to 54.52% for the three months ended December 31, 2025, compared to 55.09% in the prior quarter[34]. Acquisition and Future Outlook - The acquisition of First Savings Financial Group, Inc. is expected to close on February 1, 2026, adding approximately $2.4 billion in assets[3]. - The company incurred acquisition-related expenses of $524 thousand in Q4 2025, compared to $800 thousand for the full year 2024[31].

Financial Performance and Market Position - As of December 31, 2025, Alexandria has a total market capitalization of $20.75 billion and an asset base of 39.4 million RSF of operating properties[7]. - The occupancy percentage of operating properties in North America was 90.9% as of December 31, 2025, with a 10-year average occupancy of 95%[9]. - Investment-grade or publicly traded large cap tenants represented 53% of total annual rental revenue as of December 31, 2025[9]. - Alexandria's tenant base includes multinational pharmaceutical companies and biotechnology firms, enhancing its ability to attract and retain top talent[8]. - The aggregate noncontrolling interest balance in the company's consolidated balance sheet is $3.63 billion as of December 31, 2025[116]. Development and Redevelopment Strategy - Alexandria focuses on the development and redevelopment of Class A/A+ properties, aiming to generate increases in rental income and cash flows upon project completion[14]. - The company actively seeks to acquire properties and may face risks related to competition from other real estate investors, which could increase purchase prices[49]. - The company may face significant risks associated with development and redevelopment projects, which could adversely affect financial expectations and cash flows[52]. - Increased costs related to commodity and labor price volatility may impact construction project returns and timelines[53]. - The company may not be able to complete development projects on schedule or within budget due to various risks, including labor and material availability[56]. Financial Management and Liquidity - The company maintains significant liquidity through various sources, including cash flows from operating activities and borrowing capacity under its unsecured senior line of credit[22]. - The company declared a quarterly cash dividend of $0.72 per common share for Q4 2025, representing a 45% reduction from the previous quarter's dividend of $1.32[108]. - The company is required to distribute at least 90% of its taxable income to stockholders as a REIT, which may affect its cash flow and distribution strategy[109]. - Debt service obligations may restrict the company's ability to make distributions to stockholders and could lead to forced property disposals under disadvantageous terms[99]. - The company may face challenges in refinancing debt due to stricter credit underwriting guidelines and potential shortages of available funds from lenders[92]. Employee and Organizational Management - As of December 31, 2025, the company had 514 employees, with a focus on building loyalty and trusted relationships across the workforce[34]. - The company maintains a voluntary turnover rate of 4.6% and a total turnover rate of 9.3%, both below the REIT industry averages of 12.0% and 17.0% respectively[36]. - The company provides a comprehensive benefits package covering 100% of insurance premiums for employees and their dependents, including various health and disability benefits[37]. - The executive management team averages 15 years of experience with the company, contributing to its competitive advantage in attracting new business opportunities[35]. - The company is committed to investing in professional development and training, offering various learning opportunities to enhance employee skills[38]. Risk Management and Compliance - The company has obtained environmental insurance and title insurance policies for its properties, ensuring coverage against potential liabilities[31]. - Independent environmental assessments have not revealed any material environmental liabilities that could adversely affect the company's business[30]. - The company has a Business Integrity Policy that applies to all employees, ensuring compliance and ethical standards[34]. - Compliance with new laws may result in increased costs and operational challenges, potentially affecting financial performance[67]. - The company must maintain effective internal control over financial reporting to avoid material adverse effects on its business and stock price[130]. Market and Economic Conditions - The U.S. Federal Reserve raised its benchmark federal funds rate from nearly zero in March 2022 to a range between 3.50% and 3.75% as of December 31, 2025, which may increase financing costs for the company[73]. - Higher interest rates historically lead to decreased real estate valuations, which may negatively impact the company's asset portfolio and increase capital costs[76]. - Economic volatility and uncertainty may undermine business confidence and lead to reduced spending by tenants, negatively affecting overall revenue growth and profitability[198]. - Changes in federal income tax rules could adversely affect the company’s ability to qualify as a REIT and impact its financial condition[140]. - The company faces substantial competition in its target markets, competing with entities that have significantly greater financial resources, which may adversely affect its operations[153]. Tenant and Industry-Specific Risks - The company’s tenant base is primarily in the life science industry, and any downturn in this sector could adversely affect its revenues and operating results[158]. - Research and development budgets of tenants fluctuate based on various factors, and a significant decrease could negatively impact the company’s financial performance[168]. - The company’s tenants are subject to risks unique to the life science industry, including regulatory challenges and funding requirements, which may affect their ability to meet lease obligations[170]. - Recent bank failures, such as Silicon Valley Bank, may impact the liquidity and financial performance of the company’s tenants, potentially affecting rent payments[161][162]. - Life science industry tenants face significant funding requirements for product research and development, which may impact their ability to make rental payments and maintain investment value[175]. Construction and Operational Challenges - The company relies on third-party suppliers and contractors for materials and skilled labor, which may lead to difficulties in sourcing essential commodities during economic uncertainty[54]. - New climate change-related regulations could significantly increase construction costs for materials like lumber, steel, and concrete[55]. - The company may face challenges in maintaining relationships with qualified suppliers and contractors, impacting construction project quality and timelines[58]. - The company relies on a limited number of vendors for key services, and disruptions in these services may significantly affect its business operations and financial condition[142]. - The company is dependent on third parties to manage certain amenities at its properties, which may adversely affect income if these parties fail to provide quality services[141].

Financial Restrictions and Cash Transfers - As of September 30, 2023, the total amounts restricted for dividends from PRC subsidiaries include $37,621,838, $25,958,620, and $24,753,990 for the years 2025, 2024, and 2023 respectively[46]. - For the fiscal year ended September 30, 2025, cash transferred to subsidiaries from Jiangsu Austin amounted to $9,313,712, while cash transferred to Jiangsu Austin from its subsidiaries was $57,000[49]. - Ostin provided funding to its PRC subsidiaries of $4,635,000 for the fiscal year ended September 30, 2025, with no funding provided in the previous two years[48]. - Cash transfers from PRC subsidiaries to entities outside of China are subject to PRC government controls on currency conversion, which may limit the availability of cash for operations outside of China[47]. - The PRC subsidiaries are required to make appropriations to certain statutory reserve funds, which are not distributable as cash dividends except in the event of liquidation[46]. - The total cash transferred among PRC subsidiaries is regulated under the Provisions on Private Lending Cases, which govern financing activities between entities[49]. - The company relies on dividends and distributions from its PRC subsidiaries to fund offshore cash requirements, and any limitations on cash transfers could adversely affect liquidity[56]. - Limitations on remittance from PRC subsidiaries could hinder the company's ability to access cash for investments, acquisitions, or shareholder dividends[110]. - The company relies on dividends from its PRC subsidiaries for cash needs, and any limitations on these dividends could materially affect its ability to fund operations and pay dividends to shareholders[173]. Regulatory Environment and Compliance Risks - The PCAOB has secured complete access to inspect and investigate registered public accounting firms in mainland China and Hong Kong as of December 15, 2022[44]. - The Holding Foreign Companies Accountable Act may lead to the delisting of Class A Ordinary Shares if the PCAOB cannot inspect the auditors for three consecutive years[39]. - The SEC has established procedures for identifying "Commission-Identified Issuers" under the HFCA Act, which could affect trading of the company's shares[40]. - The company has not been identified by the SEC under the HFCA Act as of the date of the report, but future inspections by the PCAOB remain uncertain[41]. - The company is subject to uncertainties regarding the interpretation and enforcement of PRC laws, which could impact business operations and financial results[65]. - The company has applied for a security assessment regarding cross-border data transfers, but the interpretation and implementation of new regulations may change, introducing additional compliance risks[73]. - The company is not classified as a "data processor" under the Personal Information Protection Law and does not engage in data activities as defined by the law[74]. - The company may incur substantial costs to comply with the Measures for Cybersecurity Review (2021 version), which could adversely affect its business operations and financial position[75]. - The Overseas Listing Trial Measures became effective on March 31, 2023, requiring PRC domestic companies to fulfill filing procedures with the CSRC for overseas offerings[78]. - Companies that fail to complete the filing procedure or falsify information may face administrative penalties, including fines and warnings[89]. - The company must file with the CSRC within three business days after completing offerings related to its shelf registration statement on Form F-3[91]. - The 2021 Negative List for Foreign Investment Access, effective January 1, 2022, requires domestic companies in prohibited businesses to obtain government approval for overseas offerings[93]. - There are uncertainties regarding the interpretation and implementation of new regulatory requirements, which could materially affect the company's operations and financial condition[92]. - The company is subject to potential investigations and penalties if it fails to maintain compliance with filing procedures under PRC laws[91]. - The PRC government may strengthen oversight over overseas offerings, which could limit the company's ability to offer securities and affect their value[79]. - The company has not received any denial to list on U.S. exchanges but may face adverse effects from future regulatory changes[84]. - The CSRC released new regulations on overseas securities offerings, effective March 31, 2023, requiring domestic enterprises to complete approval and filing procedures if they disclose state secrets[94]. - Companies may face additional compliance costs and delays due to the new regulations, impacting their ability to raise capital[95]. - Future regulatory changes could impose further requirements on offshore offerings, potentially leading to sanctions or operational restrictions[96]. - Acquisitions in China are subject to significant regulatory approval, with transactions exceeding RMB 400 million requiring SAMR review, which may delay business expansion[99]. - PRC regulations on offshore investments may limit capital injection into PRC subsidiaries and restrict profit distributions, affecting financial operations[100]. - Non-compliance with SAFE registration requirements for beneficial owners could result in fines and limit the ability to distribute dividends[101]. - Employee share incentive plans must comply with SAFE regulations, and failure to do so may lead to legal sanctions and restrict capital contributions[102]. - Loans to PRC subsidiaries are subject to government approval and limitations, which may hinder liquidity and business expansion[103]. - Recent SAFE circulars may allow foreign-invested enterprises to make equity investments in China, but practical implementation remains uncertain[106]. - The PRC government may restrict access to foreign currencies, affecting the ability to fund PRC operations and complete necessary registrations[107]. Business Risks and Financial Performance - The company is subject to significant risks related to doing business in China, including potential adverse effects from changes in political and economic policies, which could impact growth and expansion strategies[56]. - A majority of the company's revenues are sourced from the PRC, making its financial condition highly sensitive to economic, political, and legal developments in China[61]. - The company is dependent on a few major customers without long-term contracts, and the loss of any could lead to a significant decline in revenues[57]. - The company faces cyclical industry risks, including price fluctuations due to supply and demand imbalances, which could harm operational results[57]. - The company is still in the process of obtaining necessary manufacturing facility certifications in Chengdu, China, and failure to do so could materially affect its business[57]. - The company may need to raise additional capital or obtain loans, and inability to secure funding could curtail operations[57]. - The trading price of the company's Class A Ordinary Shares has recently declined significantly, and there is a risk of delisting from Nasdaq, which could adversely affect investment value[57]. - The company incurred a net loss of $10,311,035 for the year ended September 30, 2025, resulting in an accumulated deficit of $28,543,211[132]. - As of September 30, 2025, the company had approximately $26 million of debt outstanding, which may restrict operations and cash flows[135]. - The display panel industry is cyclical, with potential price declines due to supply and demand imbalances, which could adversely affect results of operations[130]. - The company does not enter into long-term agreements with customers, increasing the risk of revenue fluctuations[128]. - The company relies heavily on a key equipment supplier, Shanghai Inabata, for polarizer manufacturing, which poses risks if the agreement is terminated[136]. - The company may face significant liabilities if its products or manufacturing processes are found to infringe upon third-party rights, which could materially affect its operations and financial condition[166]. - The company must develop or acquire advanced manufacturing process technologies to remain competitive, and failure to do so may adversely affect its profitability[169]. - The enforcement of labor-related regulations in China may lead to fines and operational disruptions if the company fails to comply with the Labor Dispatch Provisions[171]. - The market price of the Class A Ordinary Shares has significantly declined, leading to a notification from Nasdaq regarding non-compliance with the minimum bid price requirement of $1.00 per share[188]. - The Company was provided 180 calendar days until July 17, 2024, to regain compliance with the minimum bid price requirement, with an additional 180 days granted until January 13, 2025[188]. - Trading of Class A Ordinary Shares has been suspended since September 12, 2025, pending a response to Nasdaq's request for information related to a DOJ investigation[192]. - The halt of trading has eliminated liquidity in the Class A Ordinary Shares, potentially leading to a significant decline in market price when trading resumes[194]. - If the Class A Ordinary Shares are delisted from Nasdaq, they may be classified as penny stocks, which could severely limit market liquidity and impede sales in the secondary market[195]. - The Company does not expect to pay dividends in the foreseeable future, relying instead on price appreciation for returns on investment[199]. - The board of directors has complete discretion over dividend distribution, which will depend on future results of operations and other financial factors[200]. - The Company may be classified as a passive foreign investment company (PFIC), which could result in adverse U.S. federal income tax consequences for U.S. taxpayers holding its shares[201]. Corporate Governance and Shareholder Rights - The Fifth Amended and Restated Memorandum and Articles of Association contain anti-takeover provisions that may adversely affect the rights of Class A Ordinary Shareholders[205]. - Tao Ling, the CEO, holds 32.04% of the voting power, including 100% of Class B Ordinary Shares, which may lead to conflicts of interest with other shareholders[206]. - The company is incorporated under Cayman Islands law, limiting shareholders' rights to inspect corporate records and potentially complicating legal actions in the U.S.[207][208]. - The company is classified as an "emerging growth company," allowing it to take advantage of reduced reporting requirements, including exemptions from certain accounting standards[213][214]. - The company completed its initial public offering on April 29, 2022, raising gross proceeds of $15,525,000 from the sale of 3,881,250 Ordinary Shares at $4.00 per share[226]. - As of January 2023, Nanjing Aosa directly holds 92.56% of Jiangsu Austin's issued shares, with an additional 7.44% held indirectly through Suhong Yuanda[228]. - On June 18, 2023, Austin Optronics Technology Co., Ltd. acquired a majority ownership of Pintura.Life LLC, promoting and selling Pintura products in the U.S. market[229]. - Jiangsu Austin transferred its entire share ownership in Austin Optronics Technology Co., Ltd. to Ostin Technology Limited on July 24, 2023, aligning with strategic adjustments[230]. - The company consolidated the financial results of Jiangsu Austin and its subsidiaries in accordance with U.S. GAAP due to the VIE Arrangements, which were fully terminated in February 2022[222][225]. - The company has a less developed body of securities laws compared to the U.S., which may afford shareholders less protection[210]. - The company’s Articles of Association allow shareholders holding at least 10% of the share capital to requisition a general meeting, but advance notice of at least 5 clear days is required[211]. - Sichuan Ausheet transferred 71.43% equity interest in Sichuan Auniu to Nanjing Oni, resulting in ownership of 28.57% and 71.43% respectively[231]. - Following a capital injection agreement, Sichuan Ausheet and Nanjing Oni now hold 20% and 52% of shares in Sichuan Auniu respectively[232]. - The Company's authorized share capital increased from US$50,000 to US$500,000, with a total of 4,991,000,000 class A ordinary shares and 8,000,000 class B ordinary shares[233]. - The Company approved the repurchase of 2,000,000 Class A Ordinary Shares at an aggregate par value of US$200, maintaining unchanged issued share capital[234].

Financial Performance - Northwest Bancshares, Inc. reported a net income of $46 million for Q4 2025, or $0.31 per diluted share, representing a 39.4% increase from $33 million, or $0.26 per diluted share in Q4 2024[2]. - Adjusted net income for Q4 2025 was $49 million, or $0.33 per diluted share, up from $41 million, or $0.29 per diluted share in the prior quarter, driven by a $6 million increase in net interest income and a $6 million increase in noninterest income[3]. - The company achieved record total revenue of $180 million in Q4 2025, reflecting a 17% growth compared to the same quarter last year[2]. - Net income for Q4 2025 was $45.713 million, significantly higher than $32.750 million in Q4 2024, marking an increase of 39.5%[28]. - Basic earnings per share for Q4 2025 were $0.31, compared to $0.26 in Q4 2024, showing a 19.2% increase[28]. - The annualized return on average equity for Q4 2025 was 9.70%, up from 8.20% in Q4 2024[28]. - The company reported an adjusted net income of $48.708 million for Q4 2025, compared to $34.802 million in Q4 2024, representing a 39.9% increase[34]. Revenue and Income Sources - Total interest income for Q4 2025 reached $202.825 million, up from $170.722 million in Q4 2024, representing an 18.8% year-over-year increase[28]. - Net interest income after provision for credit losses for Q4 2025 was $134.442 million, compared to $97.632 million in Q4 2024, reflecting a 37.6% increase[28]. - Noninterest income for Q4 2025 totaled $37.8 million, a 17.3% increase from $32.2 million in Q3 2025, driven by higher income from bank-owned life insurance[15]. - Noninterest income for Q4 2025 totaled $37.777 million, an increase from $40.063 million in Q4 2024, indicating a decrease of 5.7% year-over-year[28]. Asset and Loan Growth - Average loans receivable increased to $12.98 billion in Q4 2025, a 15.9% increase from $11.20 billion in Q4 2024, primarily due to the acquisition of Penns Woods Bancorp[6]. - Total loans receivable reached $13.01 billion, a slight increase from $12.94 billion in the previous quarter and a significant increase from $11.18 billion year-over-year[26]. - Total assets increased to $16.77 billion as of December 31, 2025, up from $14.41 billion a year earlier, representing a growth of 16.4%[26]. - Total loans reached $13.007 billion as of December 31, 2025, up from $12.940 billion in the previous quarter, representing a quarterly growth of 0.5%[54]. Credit Quality and Provisions - The total provision for credit losses decreased to $7.7 million in Q4 2025, down 75.2% from $31 million in Q3 2025, indicating improved credit quality[9]. - The allowance for credit losses was $150.21 million, compared to $116.82 million a year ago, indicating a rise in provisions for potential loan defaults[26]. - Provision for credit losses on loans for Q4 2025 was $5.743 million, a significant increase from $15.549 million in Q4 2024[28]. - Nonperforming loans to total loans ratio improved to 0.83% from 1.00% in the previous quarter, indicating a decrease in nonperforming loans[51]. - The allowance for credit losses to total loans ratio was 1.15% as of December 31, 2025, compared to 1.04% a year earlier, showing a slight increase in reserves[51]. Expenses and Efficiency - Total noninterest expense for Q4 2025 was $113.521 million, compared to $95.326 million in Q4 2024, reflecting an increase of 19.1%[28]. - Personnel expenses rose to $65.1 million in Q4 2025, a 22.5% increase from $53.2 million in Q4 2024, largely due to the integration of Penns Woods employees[16]. - The efficiency ratio for Q4 2025 improved to 63.09% from 61.80% in Q4 2024[28]. - The efficiency ratio, excluding loss on sale of investments, was 59.52% for the quarter ended December 31, 2025, showing a slight improvement from 59.62% in the previous quarter[38]. Dividends and Shareholder Equity - The company declared a quarterly cash dividend of $0.20 per share, marking the 125th consecutive quarter of dividend payments, with an annualized yield of approximately 6.7%[4]. - Total shareholders' equity increased to $1,890,424 thousand as of December 31, 2025, up from $1,855,736 thousand in the previous quarter and $1,596,856 thousand year-over-year[35]. - Book value per share increased to $12.94, compared to $12.52 a year earlier, indicating a growth of 3.4%[26]. Market and Operational Metrics - The company reported a total of 161 banking offices, maintaining the same number as the previous quarter and an increase from 141 offices a year ago[26]. - Full-time equivalent employees numbered 2,169, a decrease from 2,190 in the previous quarter but an increase from 1,956 a year ago[26]. - The closing market price per share was $12.00, down from $13.19 a year earlier, reflecting a decline of 9.0%[26]. Future Outlook - The company anticipates continued revenue growth in 2026 as it expands its consumer franchise in Columbus and deepens relationships in existing markets[5].

ENTERPRISE FINANCIAL SERVICES CORP REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS Fourth Quarter Results EXHIBIT 99.1 For 2025, net income was $201.4 million, or $5.31 per diluted share, compared to $185.3 million, or $4.83 per diluted share, in 2024. Pre-provision net revenue ("PPNR") for 2025 was $274.7 million, compared to $255.2 million in 2024. The increase in PPNR in 2025 was primarily due to higher net interest income that benefited from an organic increase in average interest-earning asset balanc ...

Lally added, "We reported diluted earnings per share of $1.45 for the fourth quarter and $5.31 for the full year 2025. Our earnings resulted in a 1.27% ROAA and a 14.02% ROATCE for the fourth quarter. For the full year, we had a 1.24% ROAA and a 13.34% ROATCE. We leveraged our capital position in the year to execute on the branch acquisition, increase our common stock dividends 15% and repurchase $14.1 million of common stock, while still increasing tangible book value by 11% in 2025. This represents the 14 ...

Exhibit 99.1 AGILYSYS ANNOUNCES 16th CONSECUTIVE RECORD REVENUE QUARTER: $80.4M IN FISCAL 2026 Q3 Includes Subscription Revenue Growth of 23% Raises Full-Year Fiscal 2026 Total Revenue Guidance to $318M ALPHARETTA, GA – January 26, 2026 - Agilysys, Inc. (NASDAQ: AGYS), a leading global provider of hospitality software solutions and services, today reported results for its Fiscal 2026 third quarter ending December 31, 2025. Summary of Fiscal 2026 Third Quarter Financial Results Ramesh Srinivasan, President a ...

Financial Performance - Comprehensive income per common share for Q4 2025 was $0.89, consisting of $0.83 net income and $0.06 other comprehensive income [4] - The Company achieved a net income available to common stockholders of $908 million for Q4 2025, compared to $764 million in the prior quarter [37] - The Company recorded a net gain of $789 million in other gain (loss), net, or $0.72 per common share for Q4 2025, compared to a net gain of $688 million, or $0.65 per common share in the prior quarter [29] - The Company reported a comprehensive income available to common stockholders of $974 million for Q4 2025, compared to $825 million in the previous quarter [37] - Comprehensive income available to common stockholders for Q4 2025 was $974 million, up from $825 million in Q3 2025 [40] Asset and Liability Management - Total assets increased to $115,077 million as of December 31, 2025, up from $108,969 million in the prior quarter [35] - Total liabilities rose to $102,684 million as of December 31, 2025, compared to $97,525 million in the previous quarter [35] - Tangible net book value per common share increased to $8.88, a 7.2% rise from $8.28 as of September 30, 2025 [4] - The company maintained a leverage ratio of 7.2x tangible net book value as of December 31, 2025, down from 7.6x in the previous quarter [23] Investment Portfolio - The investment portfolio totaled $94.8 billion, with $81.1 billion in Agency mortgage-backed securities and $13.0 billion in net forward purchases/sales [4] - The average asset yield on the investment portfolio was 4.87% for Q4 2025, compared to 4.83% in the previous quarter [16] - Total investment securities at fair value increased to $81.719 billion as of December 31, 2025, up from $76.923 billion in September 2025, representing a 4.6% increase [44] Income and Expenses - Interest income for Q4 2025 was $944 million, while interest expense was $738 million, resulting in a net interest income of $206 million [37] - The annualized net interest spread for Q4 2025 was 1.81%, up from 1.78% in the prior quarter [19] - Average total cost of funds for Q4 2025 was 3.10%, down from 3.17% in Q3 2025 [42] - Average coupon for investment securities remained stable at 5.19% in Q4 2025, slightly down from 5.20% in Q3 2025 [44] Dividends - The Company declared dividends of $0.12 per share for Q4 2025, totaling $0.36 per share for the quarter, with a total of $15.5 billion in common stock dividends declared since its IPO in May 2008 [30] - AGNC Investment Corp. has paid over $15 billion in common stock dividends since its inception, demonstrating a strong track record of providing substantial monthly dividend income [52] Economic Metrics - Economic return on tangible common equity for Q4 2025 was 11.6%, driven by $0.36 dividends and a $0.60 increase in tangible net book value [10] - Economic return on tangible common equity includes the change in tangible net book value per common share and dividends declared, providing insight into the company's performance [56] Risk Management and Strategy - AGNC utilizes leveraged financing through repurchase agreements and employs dynamic risk management strategies to protect its portfolio from interest rate and market risks [51] - AGNC's strategy includes the use of TBA dollar roll income and interest rate swaps to hedge against fluctuations in borrowing costs, which are significant for its financial metrics [59] - Forward-looking statements indicate potential risks including changes in monetary policy, interest rates, and market conditions that could affect future performance [55] Shareholder Information - The weighted average number of common shares outstanding - basic for Q4 2025 was 1,089.3 million, up from 1,053.0 million in Q3 2025 [40] - AGNC encourages investors to monitor its website and social media channels for updates and material information regarding its operations [54]