Financial Performance - For Q4 2025, Catalyst Bancorp reported net income of $456,000, or $0.13 per diluted share, compared to $489,000, or $0.13 per diluted share in Q3 2025[1]. - Net income for the year ended December 31, 2025, was $2,052,000, a significant recovery from a net loss of $3,089,000 in the previous year[39]. - The return on average assets for Q4 2025 was 0.65%, down from 0.91% in Q4 2024, indicating a decline in profitability relative to assets[39]. Loan and Asset Management - Total loans increased to $170.2 million at December 31, 2025, up $5.4 million, or 3%, from $164.8 million at September 30, 2025[3]. - The commercial and industrial loans segment saw significant growth, increasing by $5.5 million, or 22%, primarily driven by the oilfield services sector[4]. - Total loans as of December 31, 2025, were $167,335,000, a slight increase from $167,187,000 in the previous year[39]. - Non-performing assets rose to $2.7 million, representing 0.95% of total assets, up from $1.9 million, or 0.67%, at the end of Q3 2025[7]. - The allowance for credit losses on loans was $2.4 million, or 1.39% of total loans, compared to 1.45% in the previous quarter[8]. Deposits and Funding - Total deposits decreased by $1.1 million, or 1%, to $185.3 million at December 31, 2025, with a loan-to-deposit ratio of 92%[10]. - Total deposits amounted to $185,274 thousand, with non-interest-bearing deposits at $29,991 thousand and interest-bearing deposits at $155,283 thousand[35]. - Total deposits increased to $181,537,000 as of December 31, 2025, compared to $170,991,000 in the previous year, reflecting a growth of 6.67%[39]. Interest Income and Margin - The net interest margin for Q4 2025 was 3.91%, up three basis points from the prior quarter, with net interest income rising by $57,000, or 2%[18][19]. - Total interest income for Q4 2025 was $3,548,000, an increase from $3,511,000 in Q4 2024, representing a year-over-year growth of 1.05%[39]. - Net interest income after provision for credit losses for Q4 2025 was $2,411,000, compared to $2,472,000 in Q4 2024, reflecting a decrease of 2.47%[39]. - Total interest-earning assets increased to $255,254 thousand with a net interest income of $2,507 thousand, resulting in a net interest margin of 3.91% for the fourth quarter of 2025[1][2]. Non-Interest Income and Expenses - Non-interest income for the fourth quarter of 2025 totaled $362,000, up $47,000 or 15% compared to the third quarter of 2025[3]. - Bank-owned life insurance income increased by $11,000 or 9% for the fourth quarter of 2025 compared to the prior quarter[4]. - Non-interest expense for the fourth quarter of 2025 was $2.2 million, reflecting a $20,000 or 1% increase from the previous quarter[5]. - Salaries and employee benefits expense rose to $1.3 million, an increase of $22,000 or 2% due to new hires and annual raises[6]. - Total non-interest expense for Q4 2025 was $2,222,000, slightly higher than $2,038,000 in Q4 2024, marking an increase of 9.05%[39]. Credit Loss Provisions - The provision for credit losses was $96,000 in Q4 2025, driven by increased construction loan commitments and overall loan growth[8]. - The provision for credit losses for Q4 2025 was $96,000, compared to a reversal of $36,000 in Q3 2025, indicating a shift towards increased provisions[41]. - The allowance for credit losses was $2,367 thousand, slightly improved from $2,397 thousand in the previous quarter[35]. Shareholder Equity - The company reported a total shareholders' equity of $81,725 thousand as of December 31, 2025, compared to $81,585 thousand at September 30, 2025[35]. Efficiency and Cost Management - The efficiency ratio for Q4 2025 was 77.40%, an improvement from 79.67% in Q3 2025, suggesting better cost management[39].

Rhinebeck Bancorp, Inc. Reports Results for the Quarter and Year Ended December 31, 2025 NEWS PROVIDED BY Rhinebeck Bancorp, Inc. Poughkeepsie, New York, January 29, 2026 /ACCESSWIRE/ Rhinebeck Bancorp, Inc. (the "Company") (NASDAQ: RBKB), the holding company of Rhinebeck Bank (the "Bank"), reported net income for the fourth quarter of 2025 of $2.3 million, compared to net income of $2.7 million for the third quarter of 2025 and a net loss of $2.7 million for the fourth quarter of 2024. Diluted earnings per ...

Financial Position - The company ended 2025 with cash, investments, and restricted cash totaling $125.2 million, sufficient to support operations into 2027[4]. Licensing and Milestones - The company achieved a $10 million milestone in January 2026 under its licensing agreement with Novo Nordisk, with potential for an additional $20 million in milestone payments throughout 2026[4]. Clinical Trials and Development - The SONATA-HCM pivotal Phase 3 study for sotagliflozin is targeting enrollment of 500 patients, with expected completion in mid-2026 and topline results anticipated in Q1 2027[9]. - The FDA has raised no objections to advancing pilavapadin into Phase 3 development for diabetic peripheral neuropathic pain (DPNP)[10]. - Pilavapadin has shown clinically meaningful efficacy with a two-point average daily pain score reduction from baseline at 12 weeks[11]. - The company is preparing to potentially resubmit the NDA for ZYNQUISTA® (sotagliflozin) in type 1 diabetes in 2026, pending safety data from the STENO1 study[13]. Stock Offering - The company announced a public offering of its common stock and a concurrent private placement to its largest stockholder, Invus, L.P.[5].

Revenue Performance - Revenue for the three months ended December 31, 2025, decreased by $2.0 million to $556.0 million, with a decline in sales volume primarily affecting the Gypsum Wallboard segment [110]. - Revenue for the nine months ended December 31, 2025, increased by $39.3 million, or 2%, to $1,829.6 million, with higher sales volumes contributing positively [122]. - Cement Revenue was $1,053.7 million, a 7% increase for the nine months ended December 31, 2025, driven by higher gross sales prices and Sales Volume [137]. - Concrete and Aggregates Revenue increased 21% to $236.9 million for the nine months ended December 31, 2025 [142]. - Gypsum Wallboard Revenue was $580.9 million, a 10% decrease for the nine months ended December 31, 2025, due to lower gross sales prices and Sales Volume [148]. - Recycled Paperboard Revenue decreased 15% to $47.8 million for the three months ended December 31, 2025, attributed to lower sales volume and gross sales prices [151]. - Recycled Paperboard Revenue decreased 8% to $147.5 million for the nine months ended December 31, 2025, driven by lower gross sales prices and sales volume [153]. Cost and Earnings Analysis - Cost of Goods Sold increased by $14.9 million, or 4%, to $395.1 million for the same period, driven by higher operating costs [111]. - Gross Profit decreased by 10% to $160.9 million, with a gross margin decline to 29% due to lower sales prices and increased operating costs [112]. - Net Earnings for the three months ended December 31, 2025, decreased by 14% to $102.9 million [120]. - Cost of Goods Sold for the nine months increased by $61.5 million, or 5%, to $1,283.3 million, primarily due to higher sales volume and operating costs [123]. - Gross Profit for the nine months decreased by 4% to $546.2 million, with a gross margin decline to 30% attributed to higher operating costs [124]. - Net Earnings decreased 8% to $363.6 million for the nine months ended December 31, 2025 [131]. - Operating Earnings decreased 18% to $221.3 million due to lower gross sales prices and sales volume, along with higher operating costs [149]. Operating Performance - Operating Earnings for Concrete and Aggregates were approximately $15.5 million, a 2,532% increase for the nine months ended December 31, 2025 [143]. - Cement Operating Earnings increased by $0.4 million to $292.2 million for the nine months ended December 31, 2025 [138]. - Operating Margin for Gypsum Wallboard decreased to 35% for the three months ended December 31, 2025, primarily due to lower gross sales prices and higher operating costs [147]. - Operating Earnings for the three months increased 2% to $11.2 million, primarily due to lower operating costs, which increased earnings by $4.3 million [152]. - Operating Earnings for the nine months increased 15% to $31.8 million, mainly due to lower operating costs, which increased earnings by $11.3 million [154]. Cash Flow and Capital Management - Net Cash Provided by Operating Activities increased by $26.3 million to $512.0 million during the nine months ended December 31, 2025 [160]. - Working Capital increased by $367.0 million to $790.6 million at December 31, 2025, primarily due to higher cash and lower accounts payable [161]. - Net Cash Used in Investing Activities was approximately $294.7 million, compared to $171.9 million during the same period in 2024, mainly for facility modernization [165]. - Net Cash Provided by Financing Activities was $181.2 million, a significant increase from a net cash used of $317.7 million in the prior year [166]. Debt and Share Repurchase - The debt-to-capitalization ratio increased to 54.4% at December 31, 2025, compared to 46.1% at March 31, 2025 [167]. - Share repurchases totaled 1,401,886 shares at an average price of $221.34 per share for the nine months ended December 31, 2025 [177]. - The company has repurchased approximately 52.6 million shares since becoming publicly held in April 1994, with a cumulative total of 55.9 million shares authorized for repurchase [177]. - The average price per share for repurchases in Quarter 1 was $219.64, in Quarter 2 was $225.24, and in Quarter 3 was $219.90 [177]. Capital Expenditures and Future Projections - Capital expenditures for the nine months ended December 31, 2025, amounted to $294.68 million, a significant increase from $146.98 million in the same period of 2024 [180]. - Estimated capital expenditures for fiscal 2026 are projected to range from $430.0 million to $450.0 million, focusing on facility expansions and modernization projects [180]. Risk Factors - A hypothetical 100 basis point increase in interest rates on $285.0 million of borrowings under the Term Loan would increase annual interest expense by approximately $2.9 million [184]. - The company is exposed to commodity price risks, particularly in coal, coke, natural gas, and power, and aims to mitigate this through contracts and alternative fuels [185]. - The company’s operations are subject to various risks, including fluctuations in public infrastructure expenditures and changes in economic conditions, which may impact future performance [182]. - The company has not utilized derivative financial instruments to manage interest rate risks as of December 31, 2025 [184].

Financial Performance - Fourth Quarter 2025 EPS was $1.28, an 11% increase from $1.15 in 4Q 2024, with a net income of $56.3 million compared to $55.9 million in the prior year[1][2] - Net interest income decreased to $92.1 million from $94.3 million in 4Q 2024, with a net interest margin of 4.30%, down from 4.55% in the prior year[1][13] - Total revenue for the three months ended December 31, 2025, was $172,611, a slight decrease from $174,613 in September 2025 and an increase from $159,598 in December 2024[55] - Adjusted total revenue for the year ended December 31, 2025, was $534,550, compared to $503,104 in 2024, reflecting growth in revenue[55] Loan and Deposit Growth - Ending loans reached $7.12 billion, a 16% increase year-over-year from $6.11 billion in 4Q 2024, and a 7% increase from $6.67 billion in 3Q 2025[1][8] - Consumer fintech loans totaled $1.10 billion, representing 15.1% of total loans, marking a 142% increase from $454.4 million in 4Q 2024[1][9] - Average deposits were $7.60 billion, a 1% increase from $7.55 billion in 4Q 2024, with 95% of deposits sourced from fintech partnerships[1][10][11] - Total deposits reached $8,165,496 thousand, reflecting a 5.38% increase from $7,746,046 thousand year-over-year[35] Credit Quality - Provision for credit losses on non-consumer fintech loans was $0.9 million in 4Q 2025, a decrease from $5.7 million in 3Q 2025[15][16] - The allowance for credit losses was $66.2 million as of December 31, 2025, up from $44.9 million at the end of 2024, with consumer fintech loans coverage at 2.84% and non-fintech loans at 0.58%[17] - Total net charge-offs for Q4 2025 were $39.2 million, a decrease from $40.8 million in Q3 2025, resulting in a charge-off ratio of 2.29%[18] - Non-fintech loans net charge-offs were $0.6 million for Q4 2025, down from $3.3 million in Q3 2025, with a charge-off ratio of 0.04%[19] - Nonperforming loans to total loans decreased to 1.04% as of December 31, 2025, down from 1.35% in September 2025 and 0.55% in December 2024[46] Non-Interest Income - Non-interest income accounted for 46.7% of total revenue, up from 40.9% in 4Q 2024, with fintech fees contributing 20.8% of total revenue[1][4] - Non-interest income for Q4 2025 was $80.5 million, driven by a $3.7 million increase in fintech fees, which accounted for 27% of total revenues excluding credit enhancement income[21] - Non-interest income as a percentage of total revenue (excluding credit enhancement) was 30.4% for the three months ended December 31, 2025, compared to 30.1% in September 2025 and 26.9% in December 2024[55] - Fintech fees as a percentage of total revenue (excluding credit enhancement) were 27.2% for the three months ended December 31, 2025, compared to 26.0% in September 2025 and 25.0% in December 2024[55] Shareholder Returns - Share repurchases totaled $150 million for 2,173,518 shares, representing 5% of issued shares, at an average cost of $69.01[1][4] - The company repurchased 2,173,518 shares at an average cost of $69.01 per share, totaling $150.0 million in Q4 2025, with a full-year capital return of $375.0 million[29] Guidance and Outlook - The company initiated guidance for 2026 at $5.90 EPS, targeting at least $1.75 for 4Q 2026, and a preliminary outlook of $8.25 for 2027[3] Efficiency and Expenses - Total non-interest expense increased by $4.4 million, or 8%, from Q4 2024, primarily due to legal costs related to a settlement[22] - The efficiency ratio was 42.5% for Q4 2025, compared to 41.8% in Q3 2025 and 40.2% in Q4 2024[23] Asset and Liability Management - Total assets increased to $9,352,425 thousand as of December 31, 2025, up from $8,727,543 thousand a year earlier, representing a growth of 7.15%[35] - Total liabilities increased to $8,662,629 thousand as of December 31, 2025, up from $7,937,760 thousand a year prior, marking a growth of 9.14%[35] - Shareholders' equity decreased to $689,796 thousand from $789,783 thousand year-over-year, a decline of 12.59%[35] Capital Adequacy - The total allowance for credit losses on loans to total loans was 0.93% as of December 31, 2025, compared to 0.96% in September 2025 and 0.73% in December 2024[46] - Total capital to risk-weighted assets ratio was 12.19% as of December 31, 2025, compared to 15.13% in September 2025, indicating a decrease in capital adequacy[48]

Financial Performance - Net income attributable to common shareholders for Q4 2025 was $41.9 million, or $0.48 per share, with net investment income of $93.6 million[2]. - Full-year 2025 net income attributable to common shareholders was $86.1 million, down from $119.2 million in 2024, with diluted earnings per share of $0.99[7]. - For the quarter ended December 31, 2025, net income attributable to common shareholders was $41,907,000, a decrease of 12.8% from $47,841,000 in the previous quarter[38]. - Basic earnings per common share for the quarter ended December 31, 2025, was $0.48, down from $0.55 in the previous quarter, a decrease of 12.7%[38]. - The company reported a net interest expense of $19,482,000 for the year ended December 31, 2025, compared to a net interest expense of $79,396,000 in 2024, showing improvement[40]. Investment and Loans - Loans acquired totaled $5.5 billion in unpaid principal balance (UPB), an 18% increase from the prior quarter[4]. - PMT acquired $3.7 billion in UPB of conventional conforming and non-Agency eligible loans, a 10% increase from the prior quarter[24]. - PMT generated approximately $528 million of net new investments in non-Agency senior and subordinate bonds during the year[7]. - Loan origination fees for the year ended December 31, 2025, were $12,525,000, down from $15,085,000 in 2024, a decrease of 16.9%[40]. Revenue and Expenses - Interest income for the Interest Rate Sensitive Strategies segment totaled $189.0 million, up from $173.8 million in the prior quarter[20]. - Interest income increased to $39.4 million from $33.1 million in the prior quarter, while interest expense rose to $33.1 million from $28.2 million[25]. - Total expenses for the year ended December 31, 2025, were $213,643,000, an increase from $191,546,000 in 2024, representing an increase of 11.5%[40]. - Segment revenues were $16.4 million, including net gains on loans acquired for sale of $7.2 million, net interest income of $6.3 million, and other income of $2.9 million[25]. - Segment expenses were $17.4 million, up from $13.7 million in the prior quarter, primarily due to increased private label securitization activity[26]. - Corporate revenues remained unchanged at $0.9 million, while corporate expenses increased to $15.7 million from $14.3 million in the prior quarter[27]. Assets and Liabilities - Total assets increased to $21.35 billion from $18.53 billion in the prior quarter[36]. - Loans held for investment at fair value rose to $8.53 billion from $5.98 billion in the prior quarter[36]. - Total liabilities increased to $19.46 billion from $16.65 billion in the prior quarter[36]. - Total shareholders' equity was $1.89 billion, slightly up from $1.88 billion in the prior quarter[36]. Tax and Fair Value - PMT recorded a tax benefit of $16.2 million, mainly due to net fair value declines on MSR and interest rate hedges[28]. - The company experienced a net loss of $77,612,000 in the change in fair value of mortgage servicing rights for the quarter ended December 31, 2025[38]. Shareholder Information - Book value per common share increased to $15.25 at December 31, 2025, up from $15.16 at September 30, 2025[4]. - The weighted average shares outstanding for the quarter remained stable at 87,017,000, consistent with the previous quarter[38]. - The weighted average fulfillment fee rate in the fourth quarter was 18 basis points, unchanged from the prior quarter[26]. Gains and Losses - The company reported net gains on investments and financings of $213,113,000 for the year 2025, significantly higher than $61,050,000 in 2024[40].

Financial Performance - Net income for Q4 2025 was $106.8 million, or $1.97 per share, on total net revenues of $538.0 million[2]. - Full-year 2025 net income was $501.1 million, a 61% increase from $311.4 million in 2024, with a return on equity of 12%[5]. - Total net revenue for 2025 was $2.0 billion, up 25% from $1.6 billion in 2024[5]. - Net income for the quarter ended December 31, 2025, was $106,831 thousand, a decrease of 41.1% compared to $181,503 thousand in the previous quarter[35]. - Basic earnings per share for the quarter was $2.05, down from $3.51 in the previous quarter, indicating a decline of 41.7%[35]. Loan Activity - Total loan acquisitions and originations reached $42.2 billion in unpaid principal balance (UPB), up 16% from the prior quarter and 18% year-over-year[3]. - PFSI's production of newly originated loans in 2025 totaled $145 billion in UPB, maintaining its position as a top lender in the nation[29]. - Total locks, including those for PMT, were $46.8 billion in UPB, up 8% from the prior quarter and 29% from Q4 2024[3]. - Loan origination fees for the quarter increased to $68,437 thousand, up from $61,696 thousand in the previous quarter, marking an increase of 12.4%[35]. Servicing Portfolio - Servicing portfolio grew to $733.6 billion in UPB, up 2% from Q3 2025 and 10% from Q4 2024[5]. - As of December 31, 2025, PFSI's total loans serviced amounted to $733.6 billion, an increase from $665.8 billion in the fourth quarter of 2024[17]. - Revenue from net loan servicing fees totaled $149.8 million, down from $241.2 million in the prior quarter and $189.3 million in Q4 2024[18]. Income Segments - Production segment pretax income was $127.3 million, up 4% from the prior quarter and 63% from Q4 2024[3]. - The servicing segment pretax income was $37.3 million, down from $157.4 million in the prior quarter[3]. - The servicing segment pretax income was $37.3 million, a significant decrease from $157.4 million in the prior quarter and $87.3 million in Q4 2024[17]. Expenses and Liabilities - Total expenses for the company were $403.6 million, up from $396.5 million in the prior quarter due to higher expenses in both production and servicing segments[26]. - Total expenses for the quarter were $403,600 thousand, an increase from $396,524 thousand in the previous quarter, reflecting a 1.7% rise[35]. - Total liabilities rose to $25,079,713 thousand as of December 31, 2025, compared to $21,193,234 thousand in the previous quarter, reflecting a 18.4% increase[33]. Assets and Equity - Total assets increased to $29,388,689 thousand as of December 31, 2025, up from $25,401,120 thousand in the previous quarter, representing a 11.6% increase[33]. - Average PMT shareholders' equity was $1.8 billion for Q4 2025, unchanged from Q3 2025 and slightly down from Q4 2024[24]. - Retained earnings increased to $4,212,101 thousand as of December 31, 2025, compared to $4,121,201 thousand in the previous quarter[33]. Interest and Tax - Net interest expense increased to $19.2 million compared to $15.1 million in the prior quarter and $19.5 million in Q4 2024[20]. - The effective tax rate for the company was 20.5 percent, with a future expected tax provision rate of 25.1 percent[27]. Other Financial Activities - Issued $2.35 billion of unsecured senior notes with maturities ranging from 2032 to 2034[5]. - The company completed the sale of an MSR portfolio totaling $24.4 billion in UPB[5]. - The company recorded net valuation-related gains of $1.0 million, consisting of MSR fair value gains of $40.4 million and hedging losses of $39.4 million[18].

Exhibit 99.1 Apple reports first quarter results All-time records for total company revenue and EPS iPhone and Services revenue reach new all-time highs CUPERTINO, CALIFORNIA — Apple today announced financial results for its fiscal 2026 first quarter ended December 27, 2025. The Company posted quarterly revenue of $143.8 billion, up 16 percent year over year. Diluted earnings per share was $2.84, up 19 percent year over year. ® "Today, Apple is proud to report a remarkable, record-breaking quarter, with rev ...

Financial Performance - Hilltop Holdings reported Q4 2025 income attributable to common stockholders of $41.6 million, or $0.69 per diluted share, a 17.2% increase from $35.5 million, or $0.55 per diluted share, in Q4 2024[1]. - For the full year 2025, income attributable to common stockholders was $165.6 million, or $2.64 per diluted share, compared to $113.2 million, or $1.74 per diluted share, in 2024, representing a 46.3% increase[1]. - Net income for Q4 2025 was $42.9 million, compared to $46.7 million in Q3 2025, representing a decline of 8.0%[10]. - Earnings per share (EPS) for Q4 2025 was $0.69, unchanged from Q3 2025[10]. - Return on average stockholders' equity for Q4 2025 was 7.60%, up from 6.50% in Q4 2024[12]. Dividends and Stock Repurchase - The Board declared a quarterly cash dividend of $0.20 per common share, an 11% increase from the prior quarter, payable on February 27, 2026[2]. - Hilltop repurchased $60.8 million worth of common stock in Q4 2025, averaging $33.77 per share, and a total of $184.0 million for the year, averaging $32.26 per share[2]. - The company declared cash dividends of $0.18 per common share for Q4 2025, consistent with Q3 2025[10]. - The dividend payout ratio for Q4 2025 was 26.17%, compared to 31.08% in Q4 2024[12]. Asset and Liability Management - Hilltop's total assets grew to $15.8 billion at December 31, 2025, up from $15.6 billion at September 30, 2025[8]. - Total assets decreased to $15.65 billion in Q4 2025 from $16.32 billion in Q4 2024[18]. - Total capital to risk-weighted assets for Hilltop was 22.20% as of December 31, 2025, a decrease from 22.90% in September 2025[11]. - Interest-bearing deposits rose to $7,960,778 thousand in 2025, with an interest expense of $228,275 thousand, compared to $7,822,536 thousand and $275,291 thousand in 2024, showing a shift in cost structure[19]. Income and Expenses - Noninterest income for Q4 2025 was $217.4 million, an 11.1% increase from $195.6 million in Q4 2024[8]. - Total noninterest expense was $268.9 million, a decrease of 1.1% compared to $271.9 million in Q3 2025[10]. - Net interest income after provision for credit losses was $104.7 million, down from $114.9 million in Q3 2025, reflecting a decrease of 9.1%[10]. - Noninterest income totaled $217.4 million, slightly down from $217.8 million in Q3 2025, indicating a marginal decline of 0.2%[10]. Credit Quality and Provisions - The provision for credit losses in Q4 2025 was $7.8 million, compared to a reversal of $5.9 million in Q4 2024, indicating a shift in credit quality[5]. - The provision for credit losses was $7.8 million, compared to a reversal of $2.5 million in Q3 2025, indicating a significant shift in credit quality[10]. - The allowance for credit losses improved to $99,869 thousand in 2025 from $110,123 thousand in 2024, indicating better credit quality management[19]. - Non-performing assets as a percentage of total assets decreased to 0.39% in Q4 2025 from 0.56% in Q4 2024[17]. Operational Metrics - Hilltop's Tier 1 capital ratio was 12.78% as of December 31, 2025, down from 13.13% in September 2025[11]. - The efficiency ratio improved to 54.1% in Q4 2025, down from 57.8% in Q4 2024[12]. - Total mortgage loan originations reached $2.43 billion in Q4 2025, an increase from $2.25 billion in Q4 2024[12]. - Net revenue for the Broker-Dealer Segment was $138.37 million in Q4 2025, up from $126.37 million in Q4 2024[12]. Future Outlook and Strategic Plans - Hilltop Holdings plans to continue expanding its business and consumer banking services through PlainsCapital Bank and its mortgage lending subsidiary, PrimeLending[22]. - The company will host a conference call on January 30, 2026, to discuss its fourth quarter and full year 2025 financial results, indicating transparency and engagement with stakeholders[21]. - Forward-looking statements highlight potential risks including credit risks, changes in interest rates, and competition in the financial services industry, which could impact future performance[23].

Financial Performance - Net income for Q4'25 was $34,260,000, a decrease of 6% from Q3'25 and an increase of 9% from Q4'24, with total net income for the twelve months reaching $144,878,000, up 20% year-over-year[23]. - Adjusted net income for Q4'25 was $47,741,000, reflecting a 6% increase from Q3'25 and a 17% increase from Q4'24, with total adjusted net income for the twelve months at $169,473,000, up 28% year-over-year[23]. - Net income for Q4 2025 was $34,260, a decrease of 5.5% from Q3'25 and an increase of 0.5% from Q4'24[33]. - Net interest income for Q4'25 was $176,244,000, a significant increase of 32% from Q3'25 and 52% from Q4'24, with total net interest income for the twelve months at $556,308,000, up 29% year-over-year[23]. - Total noninterest income increased to $28,631 in Q4'25, up 20.5% year-over-year from $17,068 in Q4'24[33]. - Total noninterest expense for Q4'25 was $130,546, an increase of 28.5% from $101,987 in Q3'25[33]. - Total customer funding, including deposits and securities sold under agreements to repurchase, increased to $16.52 billion from $12.18 billion, a growth of 35.7%[31]. Loan and Deposit Growth - Fourth quarter annualized organic loan growth was 15%[1]. - Loans increased by $1.7 billion during the fourth quarter, totaling $12.6 billion as of December 31, 2025[11]. - Total loans increased to $12,627,984,000 in 4Q'25, up 15.2% from $10,964,173,000 in 3Q'25[28]. - Total deposits increased to $16.3 billion as of December 31, 2025, up $3.2 billion from September 30, 2025, including $3.5 billion from the VBI acquisition[15]. - Average noninterest bearing demand deposits rose 15% to $4.1 billion in Q4 2025 from $3.5 billion in Q3 2025, and increased 20% from $3.4 billion in Q4 2024[15]. - Total deposits rose to $16,256,343 thousand as of December 31, 2025, an increase of 24.4% from $13,090,319 thousand at September 30, 2025[26]. Asset Management and Efficiency - The efficiency ratio improved to 63.36% in the fourth quarter of 2025, compared to 64.44% in the prior quarter[11]. - Adjusted efficiency ratio improved to 54.50% in Q4'25 from 57.63% in Q3'25[33]. - The company emphasized the importance of non-GAAP financial measures for a clearer understanding of performance trends and comparisons with other financial institutions[32]. - The return on average assets (GAAP basis) decreased to 0.64% in Q4'25 from 0.88% in Q3'25, while the adjusted return on average assets was 0.89%[23]. Credit Quality and Provisions - The provision for credit losses was $29.3 million, primarily due to the acquisition of VBI, which included a day-one loan loss provision of $22.7 million[9]. - Net charge-offs were $0.9 million in Q4 2025, or three basis points annualized, down from $3.2 million in Q3 2025 and $6.1 million in Q4 2024[15]. - The allowance for credit losses was $178,803 thousand, up from $147,453 thousand, indicating a proactive approach to risk management[26]. - Nonperforming loans rose to $72,001,000 in 4Q'25, compared to $60,562,000 in 3Q'25, an increase of 19.5%[28]. Acquisitions and Expansion - The acquisition of Villages Bancorporation, Inc. added approximately $4.4 billion in assets, including $1.2 billion in loans and $3.5 billion in deposits[1][5]. - The company expanded its branch footprint with new locations in Bradenton, FL, and its first branch in the greater Atlanta market[6]. - Seacoast operates 104 full-service branches across Florida and recently acquired 19 branches in The Villages® community, which will operate under the name Citizens First Bank until system conversion in 2026[17]. - The company issued 9,923,263 common shares and 11,250 Series A non-voting convertible preferred shares in the acquisition of Villages Bancorporation, Inc. on October 1, 2025[27]. Capital and Shareholder Equity - The Tier 1 capital ratio was 14.4% at December 31, 2025, compared to 14.5% at September 30, 2025, and 14.8% at December 31, 2024[15]. - Tangible equity to tangible assets was 9.31% at December 31, 2025, down from 9.76% at September 30, 2025, due to capital invested in the VBI acquisition[15]. - Total shareholders' equity increased to $3,055,787 thousand as of December 31, 2025, from $2,378,132 thousand at September 30, 2025, a rise of 28.4%[26].