Financial Performance - Wintrust Financial Corporation reported record net income of $823.8 million, or $11.40 per diluted common share, for the year ended December 31, 2025, representing a 19% increase from $695.0 million, or $10.31 per diluted common share, in 2024[2]. - For the fourth quarter of 2025, net income was $223.0 million, or $3.15 per diluted common share, compared to $216.3 million, or $2.78 per diluted common share, in the third quarter of 2025[3]. - Net income for Q4 2025 was $223,024 thousand, reflecting a 3.6% increase compared to $216,254 thousand in the previous quarter[44]. - Net income applicable to common shares for the quarter was $214,657 thousand, up from $188,913 thousand in the prior quarter, representing a growth of 13.5%[94]. - Basic net income per common share for the same period was $3.21, up from $2.82 in the previous quarter, reflecting a 13.8% increase[95]. Loan and Deposit Growth - Total loans increased by $1.0 billion, or 8% annualized, and total deposits also increased by $1.0 billion, or 7% annualized, in the fourth quarter of 2025[5]. - Total loans increased to $53.11 billion, reflecting an 8% growth from Q3 2025[41]. - Total deposits rose to $57.72 billion, a 7% increase compared to Q3 2025[41]. - Total loans, net of unearned income increased to $53,105,101 thousand as of Dec 31, 2025, up from $52,063,482 thousand as of Sep 30, 2025, reflecting a growth of 1.99%[78]. - Total deposits reached $57,717,191 thousand, marking a 7% increase compared to the prior quarter[53]. Interest Income and Margin - Net interest income for the fourth quarter of 2025 reached $583.9 million, an increase of $16.9 million from $567.0 million in the third quarter of 2025, driven by improved net interest margin and average earning asset growth[5]. - The net interest margin improved to 3.52% in the fourth quarter of 2025, up four basis points from the previous quarter[5]. - Total interest income for the three months ended December 31, 2025, was $956.3 million, an increase from $920.9 million in the previous quarter[49]. - The taxable-equivalent net interest margin for Q4 2025 was 3.54%, compared to 3.50% in Q3 2025[93]. Non-Interest Income and Expenses - Non-interest income totaled $130.4 million in the fourth quarter of 2025, a slight decrease from $130.8 million in the third quarter of 2025[25]. - Total non-interest expense for Q4 2025 was $384,453,000, an increase of $4,425,000 or 1% compared to Q3 2025, and an increase of $15,914,000 or 4% compared to Q4 2024[90]. - Total Non-Interest Income for Q4 2025 was $130,390, a decrease of $437 or 0% compared to Q3 2025, but an increase of $16,939 or 15% compared to Q4 2024[84]. Credit Quality and Losses - The provision for credit losses totaled $27.6 million in the fourth quarter of 2025, compared to $21.8 million in the third quarter of 2025[5]. - Non-performing loans increased to $185.8 million, comprising 0.35% of total loans as of December 31, 2025, compared to 0.31% in the prior quarter[6]. - The allowance for credit losses stood at $460,465 thousand, up from $454,586 thousand in the previous quarter[44]. - The total charge-offs for the three months ended December 31, 2025, amounted to $27,076 thousand, a decrease from $28,846 thousand in the previous quarter[74]. Assets and Equity - Total assets grew to $71.14 billion by the end of Q4 2025, a 9% increase from Q3 2025[41]. - Total shareholders' equity (GAAP) increased to $7,258,715 thousand from $7,045,757 thousand in the previous quarter, reflecting a growth of 3.0%[94]. - The common equity to assets ratio was 9.6%, an increase from 9.5% in the previous quarter[44]. - Book value per common share rose to $102.03 from $98.87 in the previous quarter, indicating a growth of 2.0%[94]. Strategic Initiatives and Market Conditions - The company plans to continue its growth strategies, including potential acquisitions of banks and expansion of branch offices[97]. - Economic conditions, including housing prices and job market trends, are critical factors that may impact the company's loan portfolio performance[99]. - The company is facing challenges in the commercial real estate market, particularly in the Chicago metropolitan area, southern Wisconsin, and west Michigan, which may lead to increased credit loss allowances[100]. - There are risks associated with security breaches and cyberattacks that could adversely affect the company's information technology systems[100].

Exhibit 99.1 Wintrust Financial Corporation 9700 W. Higgins Road, Suite 800, Rosemont, Illinois 60018 News Release FOR IMMEDIATE RELEASE January 20, 2026 FOR MORE INFORMATION CONTACT: David A. Dykstra, Vice Chairman & Chief Operating Officer (847) 939-9000 Amy Yuhn, Executive Vice President, Communications (847) 939-9591 Web site address: www.wintrust.com Wintrust Financial Corporation Reports Record Net Income ROSEMONT, ILLINOIS – Wintrust Financial Corporation ("Wintrust", "the Company", "we" or "our") (N ...

Financial Performance - Wintrust Financial Corporation reported record net income of $823.8 million, or $11.40 per diluted common share, for the year ended December 31, 2025, representing a 19% increase from $695.0 million, or $10.31 per diluted common share, in 2024 [2]. - For the fourth quarter of 2025, net income was $223.0 million, or $3.15 per diluted common share, compared to $216.3 million, or $2.78 per diluted common share, in the third quarter of 2025 [3]. - Net income for Q4 2025 was $223.0 million, a 3% increase from Q3 2025 and a 20% increase from Q4 2024 [41]. - Net income reached $223,024 thousand, reflecting a 3.6% increase compared to $216,254 thousand in the previous quarter [44]. - Net income for the three months ended December 31, 2025, was $223,024,000, an increase from $216,254,000 in the previous quarter, representing a growth of 0.35% [95]. - Basic net income per common share for the same period was $3.21, up from $2.82 in the previous quarter, reflecting a 13.8% increase [95]. Loan and Deposit Growth - Total loans increased by $1.0 billion, or 8% annualized, and total deposits also increased by $1.0 billion, or 7% annualized, in the fourth quarter of 2025 [5]. - Total loans reached $53.1 billion in Q4 2025, an 8% increase from Q3 2025 and an 11% increase from Q4 2024 [41]. - Total deposits rose to $57.72 billion, reflecting a 1.8% increase from $56.71 billion in the previous quarter [48]. - Total deposits rose to $57,717,191 thousand, marking a 7% growth year-over-year [53]. - Non-interest-bearing deposits increased to $11.42 billion, up 4.3% from $10.95 billion in the prior quarter [48]. - Commercial and industrial loans rose to $7,267,505 thousand, a 7% increase from the previous quarter [50]. Interest Income and Margin - Net interest income for the fourth quarter of 2025 reached $583.9 million, an increase of $16.9 million from $567.0 million in the third quarter of 2025, driven by improved net interest margin and average earning asset growth [5]. - The net interest margin improved to 3.52% in the fourth quarter of 2025, up four basis points from the previous quarter [5]. - Net interest income for the quarter was $583,874 thousand, an increase of 2.9% from $567,010 thousand in the prior quarter [44]. - Total interest income for the three months ended December 31, 2025, was $956,326,000, an increase from $920,908,000 in the previous quarter [49]. - The interest rate spread for the twelve months ended December 31, 2025, was 2.76%, compared to 2.61% in 2024 [65]. Non-Interest Income and Expenses - Non-interest income totaled $130.4 million in the fourth quarter of 2025, a slight decrease from $130.8 million in the third quarter of 2025 [25]. - Total non-interest expense increased to $384,453,000 for the three months ended December 31, 2025, compared to $381,461,000 in the previous quarter [49]. - Total non-interest income for Q4 2025 was $130,390, a decrease of $437 or 0% compared to Q3 2025, but an increase of $16,939 or 15% compared to Q4 2024 [84]. - Total salaries and employee benefits for the year ended December 31, 2025, were $873,292,000, up $56,184,000 or 7% from 2024 [90]. Credit Quality and Losses - The provision for credit losses totaled $27.6 million in the fourth quarter of 2025, compared to $21.8 million in the third quarter of 2025 [5]. - Non-performing loans increased to $185.8 million, comprising 0.35% of total loans as of December 31, 2025, compared to $162.6 million and 0.31% in the prior quarter [6]. - The allowance for credit losses stood at $460,465 thousand, up from $454,586 thousand in the previous quarter [44]. - The annualized net charge-offs as a percentage of total loans was 0.17% for the three months ended December 31, 2025, compared to 0.19% in the previous quarter [74]. - Total non-performing assets increased to $206,647,000 as of December 31, 2025, up from $187,464,000 on September 30, 2025, representing a 6.3% increase [79]. Market and Economic Conditions - Economic conditions, including housing prices and job market trends, are critical factors that could impact the company's loan portfolio performance [99]. - The company is facing challenges in the commercial real estate market, particularly in the Chicago metropolitan area, southern Wisconsin, and west Michigan, which may lead to increased credit loss allowances [100]. - The interest rate environment, including prolonged low rates or rising rates, could materially adversely affect the company's net interest income and profitability [100]. - Competitive pressures in the financial services sector may impact the pricing of the company's loan and deposit products, potentially resulting in a loss of market share [100]. Strategic Initiatives - The company plans to continue its growth strategy, including potential acquisitions of banks and specialty finance businesses, as well as forming new banks or branch offices [97]. - Wintrust operates 16 community bank subsidiaries across various regions, enhancing its market presence in the greater Chicago area and beyond [96]. - The company’s non-bank businesses include insurance funding and mortgage origination, contributing to diversified revenue streams [98].

Financial Performance - Wintrust Financial Corporation reported record net income of $823.8 million, or $11.40 per diluted common share, for the year ended December 31, 2025, representing a 19% increase from $695.0 million, or $10.31 per diluted common share, in 2024[2]. - For the fourth quarter of 2025, net income was $223.0 million, or $3.15 per diluted common share, compared to $216.3 million, or $2.78 per diluted common share, in the third quarter of 2025[3]. - Net income for Q4 2025 was $223.02 million, a 3% increase from Q3 2025 and a 20% increase from Q4 2024[41]. - Net income reached $223,024 thousand, reflecting a 3.6% increase compared to $216,254 thousand in the previous quarter[44]. - Basic net income per common share for the three months ended December 31, 2025, was $3.21, compared to $2.82 in the previous quarter, representing a 13.8% increase[49]. - Net income for the three months ended December 31, 2025, was $223,024,000, an increase from $216,254,000 in the previous quarter, representing a growth of 0.35%[95]. - The company reported a diluted net income per common share of $3.15 for the three months ended December 31, 2025, compared to $2.78 in the previous quarter, a growth of 13.3%[95]. Loan and Deposit Growth - Total loans increased by $1.0 billion, or 8% annualized, and total deposits also increased by $1.0 billion, or 7% annualized, in the fourth quarter of 2025[5]. - Total loans reached $53.11 billion, an 8% increase from the previous year[41]. - Total deposits grew to $57.72 billion, reflecting a 7% year-over-year increase[41]. - Total loans rose to $53,105,101 thousand, up 2.0% from $52,063,482 thousand in the prior quarter[44]. - Total deposits increased to $57,717,191 thousand, a growth of 1.8% from $56,711,381 thousand in the previous quarter[44]. - Total deposits rose to $57,717,191,000, marking a 7% growth from the previous quarter[53]. Interest Income and Margin - Net interest income for the fourth quarter of 2025 reached $583.9 million, an increase of $16.9 million from $567.0 million in the third quarter of 2025, driven by net interest margin improvement[5]. - The net interest margin improved to 3.52% in the fourth quarter of 2025, up four basis points from the previous quarter[5]. - Net interest income (GAAP) for Q4 2025 was $583,874 thousand, up from $567,010 thousand in Q3 2025, reflecting a growth of 2.3%[59]. - Total interest income for the three months ended December 31, 2025, was $956.3 million, an increase from $920.9 million in the previous quarter, representing a 3.8% growth[49]. - The taxable-equivalent net interest margin was 3.54% for Q4 2025, up from 3.50% in Q3 2025[93]. Non-Interest Income and Expenses - Non-interest income totaled $130.4 million in the fourth quarter of 2025, a slight decrease from $130.8 million in the third quarter of 2025[25]. - Total non-interest expense for Q4 2025 was $384,453,000, an increase of $4,425,000 or 1% compared to Q3 2025, and an increase of $15,914,000 or 4% compared to Q4 2024[90]. - Total Non-Interest Income for Q4 2025 was $130,390, a decrease of $437 or 0% compared to Q3 2025, but an increase of $16,939 or 15% compared to Q4 2024[84]. - Total non-interest expense for the year ended December 31, 2025, was $1,512,032,000, an increase of $109,308,000 or 8% compared to 2024[90]. Credit Quality and Losses - Provision for credit losses totaled $27.6 million in the fourth quarter of 2025, compared to $21.8 million in the third quarter of 2025[5]. - Non-performing loans increased to $185.8 million, comprising 0.35% of total loans as of December 31, 2025, compared to 0.31% in the previous quarter[6]. - The allowance for credit losses was $460,465 thousand, up from $454,586 thousand in the prior quarter[44]. - The total charge-offs for the three months ended December 31, 2025, amounted to $27,076 thousand, a decrease from $28,846 thousand in the previous quarter[74]. - The allowance for loan losses as a percentage of loans at period end was 0.71%, slightly down from 0.74% in the previous quarter[75]. Market and Economic Conditions - Economic conditions, including housing prices and job market trends, are critical factors that may impact the company's loan portfolio performance[99]. - The company is facing challenges in the commercial real estate market, particularly in the Chicago metropolitan area, southern Wisconsin, and west Michigan, which may lead to increased credit loss allowances[100]. - The interest rate environment, including prolonged low rates or rising rates, could materially adversely affect the company's net interest income and profitability[100]. - Competitive pressures in the financial services sector may impact the pricing of the company's loan and deposit products, potentially resulting in a loss of market share[100]. Strategic Initiatives - The company plans to continue its growth strategies, including potential acquisitions of banks and expansion of branch offices[97]. - Wintrust operates 16 community bank subsidiaries across multiple states, enhancing its market presence in the Midwest[96]. - The company’s non-bank businesses include insurance funding and mortgage origination, contributing to diversified revenue streams[98].

Financial Performance - Net income for Q4 2025 was $13.7 million, or $0.81 per diluted common share, compared to $9.6 million, or $0.57 per diluted common share in Q4 2024[2] - Net income for the year ended December 2025 was $50,347,000, a significant increase of 39.3% from $36,141,000 in 2024[38] - Basic earnings per share for Q4 2025 was $0.82, compared to $0.58 in Q4 2024, representing a growth of 41.4%[38] - Net income for Q4 2025 reached $13,703,000, compared to $11,705,000 in Q3 2025, reflecting a 17.0% increase[50] - Operating earnings (Non-GAAP) for Q4 2025 were $13,715,000, up from $11,708,000 in Q3 2025, representing a 17.1% growth[50] Asset and Liability Growth - Total assets increased by $584.9 million to $5.86 billion as of December 31, 2025, primarily driven by a $457.2 million increase in loans and leases[20] - Total liabilities rose to $5.31 billion, an increase of $523.9 million, with total deposits increasing by $466.3 million[21] - Total assets increased to $5,860,810, up $584,906 from $5,275,904 in 2024, representing an increase of approximately 11.1%[23] - Total liabilities rose to $5,308,318, an increase of $523,875 from $4,784,443 in 2024, reflecting an increase of about 10.9%[23] Equity and Capital - Shareholders' equity increased to $552.5 million, up $61.0 million from the previous year, driven by net income of $50.3 million for the twelve months ending December 31, 2025[22] - Total equity reached $552,492, up $61,031 from $491,461 in 2024, marking an increase of approximately 12.4%[23] - The total shareholders' equity attributable to SmartFinancial Inc. and Subsidiary was $552,379, an increase from $491,348 in December 2024, marking an increase of approximately 12.5%[37] - Shareholders' equity rose to $546,489 thousand as of December 31, 2025, compared to $489,172 thousand a year earlier, indicating a growth of 11.7%[39] Income and Expense Analysis - Net interest income increased to $45.1 million in Q4 2025 from $42.4 million in the prior quarter, with average earning assets totaling $5.34 billion[4] - Noninterest income decreased by $418 thousand to $8.2 million in Q4 2025, primarily due to a reduction in insurance commissions[15] - Noninterest expense decreased by $1.4 million to $32.5 million in Q4 2025, mainly due to a decrease in restructuring expenses[17] - Total noninterest income for the year was $34,352,000, slightly up from $34,152,000 in 2024, indicating a growth of 0.6%[38] - Total noninterest expense for the year was $131,205,000, an increase of 8.4% from $120,890,000 in 2024[38] Loan and Deposit Growth - Organic loan growth was approximately 12% and organic deposit growth was 14% excluding brokered deposits for the year 2025[3] - Loans and leases increased to $4,363,582, up $457,242 from $3,906,340 in 2024, which is an increase of about 11.7%[23] - Total deposits grew to $5,152,789, an increase of $466,306 from $4,686,483 in 2024, representing an increase of approximately 10.0%[23] Credit Quality - The allowance for credit losses was $40.9 million, representing 0.94% of total loans and leases as of December 31, 2025[11] - The allowance for credit losses was $40,906, up from $37,423 in December 2024, indicating a rise of about 6.6%[37] - Nonperforming loans and leases decreased to $9,442 thousand in December 2025 from $10,099 thousand in September 2025, a reduction of 6.51%[45] - Total nonperforming assets increased slightly to $12,690 thousand in December 2025 from $12,543 thousand in September 2025, an increase of 1.17%[45] Efficiency and Returns - Return on average assets for Q4 2025 was 0.95%, up from 0.88% in Q3 2025[48] - Return on average shareholders' equity increased to 9.95% in Q4 2025 from 9.19% in Q3 2025[48] - Efficiency ratio improved to 60.91% in Q4 2025 from 66.14% in Q3 2025[48] - Operating return on average tangible common equity was 12.07% in Q4 2025, up from 11.53% in Q3 2025[48] Interest Income and Margin - Total interest income for Q4 2025 reached $75,625,000, an increase of 14.3% compared to $66,096,000 in Q4 2024[38] - Net interest income after provision for credit losses was $40,962,000, up from $35,648,000 in Q4 2024, reflecting a growth of 14.5%[38] - The tax equivalent net interest margin expanded to 3.38% in Q4 2025, up from 3.25% in the prior quarter, due to declines in deposit costs[5] - Net interest margin, FTE, improved to 3.38% in Q4 2025 from 3.29% in Q3 2025[48]

Financial Performance - As of September 30, 2025, the company reported a net loss of $66,193, primarily due to formation, general, and administrative expenses [104]. - The company had a working capital deficit of $192,695 as of September 30, 2025 [105]. Initial Public Offering - The company completed its Initial Public Offering on December 10, 2025, raising gross proceeds of $250,000,000 from the sale of 25,000,000 Units at $10.00 per Unit [107]. - Offering costs incurred during the Initial Public Offering totaled $14,449,003, which included a cash underwriting fee of $5,000,000 and a deferred underwriting fee of $8,750,000 [107]. - A total of $250,000,000 from the Initial Public Offering proceeds was placed in a Trust Account, intended for investment in U.S. government treasury obligations or money market funds [108]. Future Expenses and Financing - The company anticipates incurring increased expenses related to being a public company, including legal, financial reporting, and compliance costs [103]. - The company intends to use funds from the Trust Account for its initial business combination and working capital needs [111]. - The company may need to seek additional financing to complete its initial business combination if cash requirements exceed available funds from the Trust Account [115]. Business Combination Status - The company has not yet identified a specific business combination target and has not engaged in substantive discussions regarding potential targets [101]. - The company has no long-term debt or capital lease obligations as of the reporting date [116].

Exhibit 99.1 PRESS RELEASE For further information, contact: David W. Pijor, Esq., Chairman and Chief Executive Officer Phone: (703) 436-3802 Email: dpijor@fvcbank.com Patricia A. Ferrick, President Phone: (703) 436-3822 Email: pferrick@fvcbank.com FOR IMMEDIATE RELEASE – January 20, 2026 FVCBankcorp, Inc. Announces Fourth Quarter and Full Year 2025 Earnings; 46% Increase in Net Income Compared to Prior Year Fairfax, VA-FVCBankcorp, Inc. (NASDAQ: FVCB) (the "Company") today reported net income of $5.6 milli ...

Financial Performance - Net income for Q4 2025 was $78.1 million, a significant recovery from a net loss of $562.8 million in Q3 2025 and an increase from $48.3 million in Q4 2024[6] - Diluted earnings per share (EPS) for Q4 2025 were $0.54, compared to $(4.00) in Q3 2025 and $0.38 in Q4 2024[6] - Noninterest income for Q4 2025 was $51.7 million, a recovery from a loss of $(756.2) million in Q3 2025[13] - Net income for Q4 2025 was $78,078,000, compared to a net loss of $562,792,000 in Q3 2025[42] - Adjusted earnings for Q4 2025 were $78,975,000, up from $64,930,000 in Q3 2025[51] - The net income for the year-to-date is $(397,553) thousand, a decrease from $(475,631) thousand in the previous quarter, indicating a recovery in performance[53] - Adjusted earnings (non-GAAP) for the year-to-date stand at $233,098 thousand, up from $154,123 thousand in the previous quarter, representing a growth of 51.2%[53] Loan and Deposit Growth - Total loans increased by 7% on an annualized basis, while customer deposits grew by 8% annualized[3] - Total loans at the end of Q4 2025 were $17.5 billion, an increase of $303.4 million, or 7% annualized, from Q3 2025[17] - Total deposits at the end of Q4 2025 were $20.2 billion, up $349 million, or 8% annualized, from Q3 2025, but down from $21.9 billion in Q4 2024[19] - Net loans increased to $17.27 billion as of December 31, 2025, compared to $16.77 billion a year earlier, reflecting a growth of approximately 2.9%[41] - Total deposits reached $20.18 billion, up from $19.84 billion in September 2025, indicating a growth of about 1.7%[41] Credit Quality - Nonperforming loans decreased by 26 basis points to 0.64% of total loans, reflecting improved credit quality[4] - Nonperforming loans decreased to $112.7 million in Q4 2025 from $153.9 million in Q3 2025, reflecting a $40.8 million decline related to two credit relationships[22] - The allowance for credit losses on loans was $224.4 million at the end of Q4 2025, down from $258.0 million in Q3 2025, with an ACL ratio of 1.28%[25] - Total loans charged off amounted to $49,750,000, significantly higher than the previous quarter's $11,891,000, indicating a substantial increase in credit losses[47] - Nonperforming assets to total assets ratio improved to 0.51%, compared to 0.66% in the previous quarter[47] Interest Income and Margin - Net interest income for Q4 2025 was $197.3 million, up 6% from $186.7 million in Q3 2025 and up 20% from $164.9 million in Q4 2024[10] - Total interest income for Q4 2025 was $307,531,000, a decrease of 5.9% from $325,982,000 in Q4 2024[42] - Net interest income after provision for credit losses increased to $182,180,000, up 20.2% from $151,610,000 in Q4 2024[42] - Net interest margin expanded by 31 basis points to 3.81% in Q4 2025, compared to 3.50% in Q3 2025 and 2.87% in Q4 2024[11] - Net interest margin (FTE) for Q4 2025 was 3.81%, an increase from 3.50% in Q3 2025[49] Efficiency and Expenses - The efficiency ratio improved to 53.6% in Q4 2025, indicating better cost management[3] - Noninterest expense decreased to $139.9 million in Q4 2025 from $142.0 million in Q3 2025[15] - The efficiency ratio improved to 55.52% in Q4 2025 from 62.82% in Q2 2025[16] - Noninterest expense for Q4 2025 was $139,862 thousand, slightly down from $142,032 thousand in Q3 2025[58] - Adjusted efficiency ratio for Q4 2025 was 53.64%, an improvement from 57.72% in Q3 2025[58] Capital and Equity - Total stockholders' equity at the end of Q4 2025 was $3.4 billion, unchanged from Q3 2025, with a book value per share of $23.62[27] - The common equity tier 1 (CET1) ratio was 11.6% at the end of Q4 2025, stable compared to Q3 2025[30] - Tier 1 capital increased to $2,337,531,000, up from $2,291,191,000 in Q3 2025[43] - Total common stockholders' equity increased to $3,419,240 thousand in Q4 2025 from $3,353,963 thousand in Q3 2025, reflecting a growth of 1.93%[55] - The ratio of common equity to assets improved to 13.93% in Q4 2025, compared to 13.85% in Q3 2025[55] Miscellaneous - The company did not repurchase shares during Q4 2025, with remaining authorization under the stock repurchase program of approximately $175 million[31] - The commercial loan pipeline totaled $1.5 billion at the end of Q4 2025, with ready to close commercial loans at $774 million[17] - The company emphasizes the importance of non-GAAP financial measures for understanding ongoing operations, excluding the effects of mergers and other non-central items[37]

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 (State or other jurisdiction of incorporation) (Commission File Number) Delaware 001-40144 86-1430562 (IRS Employer Identification No.) Date of Report (Date of earliest event reported): January 20, 2026 APA CORPORATION (Exact name of registrant as specified in its charter) 2000 W Sam Houston Pkwy S, Suite 200 Houston, Texas 77042-3643 (Address ...

Financial Performance - Quarterly net income for Q4 2025 was $28.9 million, or $2.77 per diluted share, compared to $7.1 million, or $0.67 per diluted share in Q3 2025, and $21.4 million, or $1.88 per diluted share in Q4 2024[3] - Net income for the year ended December 31, 2025, was $71,098 thousand, compared to $66,686 thousand in 2024, reflecting a 6.3% increase[36] - Net income available to common shareholders for Q4 2025 was $28.857 million, compared to $7.119 million in Q3 2025, reflecting a significant increase[38] - Basic earnings per share for Q4 2025 were $2.83, up from $1.91 in Q4 2024, representing a 48.2% increase[36] - Basic earnings per share for Q4 2025 were $2.83, up from $0.68 in Q3 2025[38] Interest Income and Margin - Net interest income for Q4 2025 was $85.3 million, an increase of $8.0 million, or 10.4%, from $77.3 million in Q3 2025, and an increase of $18.7 million, or 28.1%, from the prior year[4] - Total interest income for Q4 2025 reached $137,465 thousand, up from $119,829 thousand in Q4 2024, representing a 14.7% year-over-year increase[36] - Net interest income after provision for credit losses was $82,479 thousand in Q4 2025, compared to $65,103 thousand in Q4 2024, reflecting a 26.7% increase[36] - The net interest margin for Q4 2025 was 4.10%, up 22 basis points from 3.88% in Q3 2025 and up 44 basis points from 3.66% in Q4 2024[4] - The total cost of deposits decreased to 2.75% in Q4 2025, compared to 2.98% in Q3 2025, reflecting improved funding costs[40] Loans and Deposits - Total loans at December 31, 2025, were $6.8 billion, an increase of $28.5 million, or 0.4%, from September 30, 2025, and an increase of $776.2 million, or 12.9%, from December 31, 2024[4] - Total deposits at December 31, 2025, were $7.4 billion, an increase of $304.4 million, or 4.3%, from September 30, 2025, and an increase of $1.4 billion, or 23.3%, from December 31, 2024[4] - Total deposits rose to $7,377,178 thousand in Q4 2025, up from $5,982,973 thousand in Q4 2024, an increase of 23.3%[35] Credit Quality - The allowance for credit losses was $97.1 million at December 31, 2025, an increase of $2.9 million from September 30, 2025, and an increase of $33.8 million from December 31, 2024[26] - The provision for credit losses in Q4 2025 was $2,846 thousand, significantly lower than $23,862 thousand in Q3 2025, indicating improved credit quality[36] - The ratio of non-performing loans to total loans was 1.28% at December 31, 2025, up from 1.20% at September 30, 2025, and 0.54% at December 31, 2024[25] - Total non-performing loans increased to $86.884 million, up from $81.562 million in Q3 2025, resulting in a non-performing loans to total loans ratio of 1.28%[37] Assets and Equity - Total assets increased to $8,255,716 thousand as of December 31, 2025, compared to $7,300,749 thousand a year earlier, marking a 13.1% growth[35] - Total stockholders' equity reached $743,112 thousand as of December 31, 2025, compared to $729,827 thousand a year earlier, showing a slight increase of 1.8%[35] - Average total assets increased to $8.319 billion in Q4 2025, compared to $7.964 billion in Q3 2025[40] Expenses and Efficiency - Non-interest expense for Q4 2025 was $44,381 thousand, compared to $38,161 thousand in Q4 2024, an increase of 16.3%[36] - The efficiency ratio improved to 50.2% in Q4 2025, down from 57.4% in Q3 2025, indicating better cost management[38] Other Financial Metrics - The effective tax rate for the year 2025 was 30.0%, compared to 31.3% for the prior year[24] - The allowance for credit losses increased to $97,081 thousand as of December 31, 2025, from $63,273 thousand a year earlier, indicating a more conservative approach to credit risk[35] - Tier 1 leverage ratio for Metropolitan Bank Holding Corp. was 9.5% in Q4 2025, down from 9.8% in Q3 2025[37] - Average yield on loans was 7.31%, slightly down from 7.36% in the previous year, while total interest-earning assets increased to $7,819,456[46] - Book value per share (GAAP) increased to $73.66 from $65.18, reflecting a year-over-year growth of 12.1%[47] - Tangible book value per share (non-GAAP) rose to $72.69, up from $64.31, indicating a significant increase of 13.2%[47]