Revenue Sources - Approximately 32% of total consolidated revenues were generated from U.S. government agencies for the years ended December 31, 2025, 2024, and 2023, respectively [25]. - The Medicaid business includes managed care alternatives through public-funded healthcare programs, covering various services in 17 states and Puerto Rico [41]. - Approximately 53.5% of premium revenue and 18.7% of medical membership were subject to minimum MLR regulations for the year ended December 31, 2025 [99]. - Approximately 54.2% of premium revenue and 18.4% of medical membership were subject to minimum MLR regulations for the year ended December 31, 2024 [99]. Health Benefits and Services - The Health Benefits segment offers a comprehensive suite of health plans and services, with key drivers including membership levels, premium pricing, and medical cost trends [27]. - CarelonRx, which includes pharmacy services, was enhanced by the acquisition of Paragon Healthcare, Inc. in March 2024, contributing to affordability and outcomes for members [27]. - The Carelon Services segment integrates physical, behavioral, pharmacy, and social-care capabilities, targeting chronic and complex populations [28]. - Carelon integrates services to deliver whole health affordably, powered by analytics [38]. - Carelon Health provides value-based solutions and comprehensive care management services, including home health and behavioral health management [47]. - A comprehensive behavioral health case management program supports members with various conditions, promoting access to appropriate treatment and community resources [71]. - The company has implemented a "Food as Medicine" strategy across multiple business lines to address food and nutrition insecurity among its members [73]. - The company focuses on care coordination based on nationally recognized criteria to improve inpatient and outpatient care, aiming to reduce preventable hospital admissions [75]. - The company has developed partnerships with network physicians and hospitals to enhance healthcare quality and social impact services, recognized by NCQA accreditation [76]. - The company utilizes HEDIS measures to improve care for chronic diseases and reduce healthcare disparities, including diabetes and heart disease management [77]. Market Position and Competition - The managed care industry is highly competitive, with intense competition driven by aggressive marketing, pricing, and new strategic alliances [43]. - The company leverages its BCBS brand for greater recognition and competitive positioning, being the largest participant in its branded markets [45]. - Pricing strategies are based on predictive modeling and proprietary research, aiming for growth through market expansions and regulatory changes [46]. - CarelonRx pricing is competitive, utilizing discounts off average wholesale prices and rebate projections to maintain market competitiveness [54]. Regulatory Environment - The Consolidated Appropriations Act of 2023 allows states to begin removing ineligible beneficiaries from Medicaid programs, impacting enrollment dynamics [86]. - The Inflation Reduction Act of 2022 includes provisions that may increase Public Exchange coverage premiums after enhanced PTCs expire on December 31, 2025 [88]. - The ACA has introduced new risks and regulatory challenges, significantly impacting the company's business model and product administration [96]. - The company anticipates ongoing regulatory guidance from CMS regarding Medicare ratings and quality bonus payments, which could affect financial recoveries [97]. - The company is required to comply with various BCBSA license agreements, including maintaining at least 80% of annual combined local net revenue under the BCBS names and marks [80]. Financial Performance - Net cash provided by operating activities decreased to $4,290 million in 2025 from $5,808 million in 2024, a decline of $1,518 million [371]. - Total sources of cash fell to $6,458 million in 2025, down from $12,815 million in 2024, a decrease of $6,357 million [371]. - Issuances of short- and long-term debt decreased significantly to $629 million in 2025 from $6,200 million in 2024, a drop of $5,571 million [371]. - The company repurchased and retired $2,605 million of common stock in 2025, compared to $2,900 million in 2024, a reduction of $295 million [371]. - Cash dividends paid increased slightly to $1,529 million in 2025 from $1,508 million in 2024 [371]. - The net increase in cash and cash equivalents was $1,203 million in 2025, compared to an increase of $1,828 million in 2024 [371]. - The company reported a total of $69 million from sales, maturities, calls, and redemptions of investments in 2025, down from $586 million in 2024 [371]. - The company had no purchases of investments in 2025, while it had $2,700 million in 2024 [371]. - Other sources of cash, net, amounted to $1,391 million in 2025, with no contributions in 2024 [371]. - The effect of foreign exchange rates on cash and cash equivalents was a decrease of $5 million in 2025 [371]. - As of December 31, 2025, consolidated cash, cash equivalents, and investments totaled $37,236 million, an increase of $1,520 million from December 31, 2024 [374]. - The debt-to-capital ratio was 42.1% as of December 31, 2025, down from 43.0% in 2024, indicating improved leverage [378]. - The company expects to receive approximately $2,100 million in dividends from subsidiaries during 2026, compared to $2,543 million received in 2025 [386]. - Future debt and estimated interest payments total $54,160 million, with $2,490 million due within the next twelve months [395]. - The company has a remaining Board authorization of $6,695 million for common stock repurchases as of December 31, 2025 [392]. - The 5-Year Facility was amended to increase available credit from $4,000 million to $5,000 million and extend the maturity date to September 2030 [381]. - Cash disbursements are primarily driven by claims payments, administrative expenses, and capital expenditures, with adequate liquidity expected from cash on hand and credit facilities [388]. - The company maintains a commercial paper program of up to $5,000 million, with no amounts outstanding as of December 31, 2025 [384]. - Future estimated payments for operating leases are $743 million, with $159 million due within the next twelve months [395]. - The company is in compliance with all debt covenants under the 5-Year Facility as of December 31, 2025 [382]. Employee and Culture - The company invested an average of approximately 26 hours of training and development per associate in 2025 [125]. - The company’s employee population consisted of approximately 97,100 individuals as of December 31, 2025, with 99% employed full-time [118]. - The company completed a gender and race pay equity review in 2025, finding female associates earn more than 99 cents for every dollar earned by similarly situated male associates [124]. - The company’s culture and engagement initiatives include over 20% of the U.S. workforce participating in Business Resource Groups in 2025 [122]. Transparency and Compliance - The Health Plan Transparency Rule requires the company to disclose detailed pricing information on a monthly basis, starting from July 2022 [114].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________ FORM 10-K ________________________________________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commiss ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 2, 2026 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 0-16255 JOHNSON OUTDOORS INC. (Exact name of Registrant as specified in its charter) Wisconsin 39-1536083 (State or other ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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 December 31, 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 Number 000-28304 PROVIDENT FINANCIAL HOLDINGS, INC. (Exact name of registrant as ...

Exhibit 99 Fourth Quarter 2025 Highlights Net sales for the fourth quarter of 2025 were $166.6 million compared to net sales of $162.7 million for the fourth quarter of 2024, an increase of 2.4% or $3.9 million. Sales increased in the majority of our markets, including an increase of $2.8 million in the fire suppression market, $2.2 million in the industrial market, and $1.9 million in the OEM market all due in part to increased demand related to data centers. Sales also increased $2.6 million in the agricu ...

Sustainability and Environmental Initiatives - Halliburton aims to advance a sustainable energy future by developing technologies to lower emissions intensity and grow its low carbon energy business[14]. - The company has invested in developing environmentally friendly hydraulic fracturing technologies, including a fluid system sourced entirely from the food industry[44]. - Halliburton has not been obligated to compensate any indemnified party for environmental liability arising from hydraulic fracturing to date[46]. Geographic and Market Presence - In 2025, 39% of consolidated revenue was derived from the United States, with no other country exceeding 10% of total revenue[23]. - Halliburton operates in more than 70 countries, organized into four primary geographic regions: North America, Latin America, Europe/Africa/CIS, and Middle East/Asia[22]. - The company recognizes that geopolitical factors and market conditions can impact operations, but believes geographic diversification reduces risks associated with interruptions in any single country[25]. Workforce and Employment - The company employed over 46,000 people worldwide as of December 31, 2025, with a modest voluntary turnover rate of 9%[32][34]. - In 2025, 91% of the workforce and 85% of management were on local terms in the countries where they work, reflecting a commitment to local workforce development[33]. Financial Performance - Total revenue for 2025 was $22,184 million, a decrease of 3.3% from $22,944 million in 2024[239]. - Operating income fell to $2,260 million in 2025, down 40.8% from $3,822 million in 2024[239]. - Net income attributable to the company decreased to $1,283 million in 2025, compared to $2,501 million in 2024, representing a decline of 48.7%[239]. - Basic net income per share for 2025 was $1.50, down from $2.84 in 2024, a decrease of 47.2%[239]. - Total operating costs and expenses increased to $19,924 million in 2025, up 4.2% from $19,122 million in 2024[239]. - Cash flows provided by operating activities were $2,926 million in 2025, a decrease of 24.4% from $3,865 million in 2024[245]. - Capital expenditures for 2025 were $1,254 million, down from $1,442 million in 2024, a reduction of 13.0%[245]. Assets and Liabilities - Total assets decreased to $25,010 million in 2025 from $25,587 million in 2024, a decline of 2.3%[243]. - Total liabilities decreased to $14,505 million in 2025, down from $15,039 million in 2024, a reduction of 3.5%[243]. - The allowance for credit losses increased to $805 million by the end of 2025, up from $754 million at the end of 2024[301]. - Long-term total debt remained stable at $7,158 million in 2025 compared to $7,160 million in 2024[313]. Internal Controls and Compliance - The company maintained effective internal control over financial reporting as of December 31, 2025, as confirmed by an independent audit[231]. - There have been no waivers from provisions of the company's Code of Business Conduct for the years 2023, 2024, or 2025[48]. - The company’s management concluded that its internal control over financial reporting was effective as of December 31, 2025[217]. Impairments and Charges - The company incurred impairments and other charges of $831 million in 2025, with $556 million attributed to Completion and Production and $247 million to Drilling and Evaluation[281]. - Total impairments and other charges for 2025 amounted to $831 million, which included $299 million in severance costs and $224 million for impairment of assets held for sale[275]. - Halliburton's impairment of assets held for sale related to its chemical business was $224 million in 2025, reflecting strategic shifts in operations[275]. Stock and Shareholder Information - The company repurchased $1,007 million in stock during 2025, compared to $1,005 million in 2024[245]. - The company repurchased 42.4 million shares of common stock in 2025, with approximately $2.0 billion remaining authorized for repurchases as of December 31, 2025[339]. - Stock-based compensation costs for 2025 were $213 million, with a net cost of $177 million after tax benefits[344]. Taxation and Deferred Tax Assets - Halliburton reported gross deferred tax assets of $3.6 billion with a related valuation allowance of $0.9 billion as of December 31, 2025[226]. - The total income tax provision for 2025 was $479 million on pre-tax income of $1.8 billion, resulting in an effective tax rate of 27.0%[324]. - As of December 31, 2025, total gross deferred tax assets amounted to $3.626 billion, while total gross deferred tax liabilities were $393 million[326].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 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 31, 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 number 0-14112 JACK HENRY & ASSOCIATES, INC. (Exact name of registrant as specified in its charter) Delaware 43-112838 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 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 31, 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 No. 001-34628 QuinStreet, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 77-0512121 (State or Other Jurisdiction of (I.R.S. E ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 31, 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 000-23333 TIMBERLAND BANCORP, INC. (Exact name of registrant as specified in its charter) Washington 91-1863696 (State or other ...

Financial Performance - For the year ended December 31, 2025, worldwide billed business reached $1,670 billion, with 86.6 million proprietary cards-in-force globally[24]. - Worldwide processed volume for the same period was $227.2 billion, with 66.2 million cards-in-force issued by third parties[28]. - The Delta cobrand portfolio represented approximately 13% of worldwide billed business and about 21% of worldwide Card Member loans as of December 31, 2025[32]. - Approximately 26% of worldwide billed business for the year ended December 31, 2025, was accounted for by cobrand portfolios, with Card Member loans related to these portfolios representing about 36% of total Card Member loans[153]. - Spending at airline merchants constituted approximately 6% of worldwide billed business for the year ended December 31, 2025, highlighting exposure to credit risk in the airline industry[159]. Strategic Initiatives - American Express aims to expand its leadership in the premium consumer space by enhancing membership benefits and developing experiences for high-spending customers[37]. - The company plans to enhance its customer experience through technology and innovation, aiming to improve productivity and customer satisfaction[40]. - American Express continues to invest in its Membership Model, which provides attractive rewards and benefits to Card Members, supporting revenue generation[34]. - The company is enhancing its card products and services, including the 2025 refresh of its U.S. Consumer and Business Platinum cards[24]. - The company is investing in growth initiatives to attract new Card Members and retain existing ones, focusing on increasing consumer and business spending, growing loan balances, and enhancing fee revenue[167]. Competition and Market Position - The company has been facing intense competition in the global payments industry, particularly in the premium space, targeting high-spending customers and key business partners[63]. - The company is the fourth largest general-purpose card network globally based on purchase volume, behind Visa, China UnionPay, and Mastercard[64]. - The payments industry is highly competitive, with the company facing challenges from larger competitors like Visa and Mastercard, which may affect its market position[144]. - The company faces intense competition for partner relationships, which could lead to renegotiations with less favorable terms or loss of partnerships, adversely affecting business operations[152]. Regulatory Environment - The company has been categorized as a Category III firm since 2024, subject to heightened capital, liquidity, and prudential requirements due to total consolidated assets exceeding $250 billion[77]. - The company is subject to extensive government regulation and supervision, which has resulted in increased costs related to regulatory oversight and compliance[70]. - The company has been focusing on evolving its risk management framework and governance structures to comply with regulatory expectations[71]. - The company is required to maintain minimum capital ratios of 4.5% for CET1 capital, 6.0% for Tier 1 capital, and 8.0% for Total capital, with an effective minimum of 7.0%, 8.5%, and 10.5% respectively when including buffers[82][83]. - The company is subject to regulatory actions that may impact its operations and financial condition, including potential fines for noncompliance[71]. Technology and Innovation - American Express is exploring the use of generative artificial intelligence (AI) to enhance its payments platform and customer experience[21]. - The company must continue to invest in technology to remain competitive, including in areas like AI, data management, and alternative payment mechanisms[174]. - The development of new products and services is complex and costly, and failure to meet customer needs could hinder competitive effectiveness[175]. - The use of AI and ML technologies presents risks, including potential biases and ethical challenges, which could impact brand reputation and demand for products[176]. Risk Management - The company has been adapting to the rapid growth of alternative payment mechanisms and evolving technologies to maintain its market position[66]. - The company faces risks from fraudulent activities, including identity theft and account takeovers, which have been exacerbated by the use of advanced technologies like generative AI[192]. - Increased fraudulent activity could materially affect the company's financial condition, leading to credit losses and regulatory interventions[193]. - The company has experienced a significant increase in cybersecurity risks, including sophisticated cyberattacks such as ransomware and social engineering attacks, which are expected to continue[185]. Compliance and Legal Risks - AENB is subject to significant supervision regarding anti-money laundering (AML) and countering the financing of terrorism (CFT) compliance, with potential material consequences for non-compliance[118]. - The company is required to comply with unclaimed property laws, which mandate payment to states for uncashed or unredeemed products after a specified period[107]. - The company is subject to complex anti-corruption laws, including the U.S. Foreign Corrupt Practices Act and the UK Bribery Act, which could expose it to severe penalties if not complied with[125]. - Ongoing litigation and regulatory actions could result in significant fines and increased expenses, adversely affecting the company's business operations[201]. Operational Challenges - The company faces challenges in managing and expanding Card Member benefits cost-effectively, which could adversely affect profitability if expenses exceed expectations[169]. - The reliance on third-party providers for essential services increases operational complexity and governance challenges, which could result in regulatory actions and reputational harm if not managed properly[209]. - The competitive market for skilled personnel may hinder the company's ability to attract and retain qualified individuals, affecting future performance[212]. - The company may need to increase incentives and concessions to maintain merchant relationships, which could adversely affect profitability and revenues[161].