Financial Performance - SkyWest reported Q4 2025 net income of $91 million, or $2.21 per diluted share, down from $97 million, or $2.34 per diluted share in Q4 2024[2][4] - For the full year 2025, SkyWest's net income increased by 33% to $428 million, or $10.35 per diluted share, compared to $323 million, or $7.77 per diluted share in 2024[3][4] - Q4 2025 revenue was $1.0 billion, an increase of $80 million, or 8%, from $944 million in Q4 2024[5] - Operating expenses in Q4 2025 were $890 million, up $90 million, or 11%, from $800 million in Q4 2024, driven by higher production costs[6] Assets and Liabilities - As of December 31, 2025, SkyWest had $707 million in cash and marketable securities, down from $802 million at the end of 2024[7] - Total debt decreased to $2.4 billion at December 31, 2025, from $2.7 billion at the end of 2024, reflecting $492 million in principal debt payments during 2025[7] - SkyWest's total assets increased to $7.39 billion as of December 31, 2025, compared to $7.14 billion at the end of 2024[20] Fleet and Operations - SkyWest took delivery of five new E175 aircraft in Q4 2025 and secured multi-year contract extensions with United Airlines for 40 E175 aircraft and Delta Air Lines for 13 E175 aircraft[4] - As of December 31, 2025, SkyWest operated a total of 487 aircraft, an increase from 492 aircraft in December 2024[21] - By the end of 2028, SkyWest anticipates having nearly 300 E175 aircraft in its fleet, with additional purchase agreements for 44 E175s from 2028 through 2032[11] - Total block hours for the three months ended December 31, 2025, were 369,052, representing a 5.3% increase compared to 350,318 hours in the same period of 2024[22] - SkyWest's CRJ700/CRJ550 block hours increased by 34.5% year-over-year for the year ended December 31, 2025, totaling 329,347 hours[22] - SkyWest leased 40 CRJ700/CRJ550s and five CRJ900s to third parties as of December 31, 2025[21] Passenger Metrics - For the year ended December 31, 2025, passengers carried increased by 8.7% to 46,021,999 from 42,335,302 in 2024[22] - The average trip length increased by 2.9% to 456 miles in Q4 2025 compared to 443 miles in Q4 2024[22] - The passenger load factor for the year ended December 31, 2025, was 81.5%, a decrease of 1.3 percentage points from 82.8% in 2024[22] Revenue Recognition - Revenue recognized in excess of fixed cash payments received for the three months ended December 31, 2025, was $4,792,000, compared to $19,847,000 in the same period of 2024[26] - Cumulative deferred revenue as of December 31, 2025, was $264,609,000, down from $322,369,000 as of December 31, 2024[26] Operational Efficiency - The adjusted flight completion rate remained stable at 99.9% for both the three months and year ended December 31, 2025[22] - SkyWest repurchased 268,000 shares of common stock for $27 million during Q4 2025, with an average price per share of $100.43[8]

Financial Performance - Net income for the year ended December 31, 2025, was $23,120,000, compared to $13,492,000 in 2024, reflecting a year-over-year increase of 71.5%[2] - Basic earnings per common share for Q4 2025 was $0.40, down from $0.44 in Q4 2024, showing a decrease of 9.1%[2] - Net interest income for the year ended December 31, 2025, was $70,388, with a net interest margin of 3.50%[9] - Net interest income increased from $60,795 million in 2024 to $70,222 million in 2025, a growth of approximately 15.4%[14] - Non-interest income rose from $20,404 million in 2024 to $21,775 million in 2025, an increase of about 6.7%[14] - The company reported a net interest income after provision for credit losses of $68,286 million in 2025, compared to $58,833 million in 2024, an increase of about 16.0%[14] Asset and Liability Management - Total assets as of December 31, 2025, were $2,240,769 million, a slight decrease from $2,244,365 million in the previous quarter[6] - Total assets decreased from $2,307,394 million in 2024 to $2,240,769 million in 2025, a decline of approximately 2.9%[12] - Total deposits decreased to $1,840,355 million from $1,849,082 million in the previous quarter, indicating a decline in customer deposits[4] - Total deposits fell from $1,878,292 million in 2024 to $1,840,355 million in 2025, representing a decrease of about 2.0%[12] - Total loans, gross, as of December 31, 2025, were $1,705,531,000, a slight decrease from $1,721,812,000 in 2024[3] Credit Quality - Provision for credit losses increased to $1,510,000 in Q4 2025 from $649,000 in Q4 2024, indicating a significant rise in expected credit losses[2] - The allowance for credit losses on loans increased to $13,704 million from $12,170 million in the previous quarter, reflecting a provision for credit losses of $1,520 million[4] - Non-performing loans as a percentage of total loans were 0.14%, showing a slight increase from 0.12% in the previous quarter[5] - The net charge-offs to average loans ratio remained at 0.00%, indicating stable asset quality[5] - Provision for credit losses was $1,936 million in 2025, slightly down from $1,962 million in 2024[14] Efficiency and Cost Management - The efficiency ratio (tax equivalent) improved to 64.39% in Q4 2025 from 64.16% in Q4 2024, indicating better cost management[3] - Total non-interest expense decreased from $63,276 million in 2024 to $61,909 million in 2025, a reduction of approximately 2.2%[14] Shareholder Value - Book value per share increased to $19.30 as of December 31, 2025, compared to $17.92 a year earlier, indicating growth in shareholder equity[2] - The dividend payout ratio increased to 55.00% in Q4 2025 from 50.00% in Q4 2024, reflecting a higher proportion of earnings distributed to shareholders[3] - The total shareholders' equity increased to $273,929 million from $269,870 million in the previous quarter, reflecting growth in retained earnings[4] Interest Income and Yield - The average outstanding loans for the year ended December 31, 2025, were $1,705,520, with an interest earned of $94,313, resulting in an average yield of 5.53%[9] - Interest-bearing demand deposits for the year ended December 31, 2025, totaled $9,592, generating interest of $577, with a yield of 6.02%[9] - The net interest rate spread for the year ended December 31, 2025, was 2.97%, an increase from 2.32% in the previous year[9] - Total interest-bearing liabilities for the year ended December 31, 2025, were $1,519,549, with total interest paid of $32,525, resulting in an average yield of 2.14%[9] - The ratio of interest-earning assets to interest-bearing liabilities was 132.49% for the year ended December 31, 2025, compared to 128.19% in 2024[9] - Average outstanding interest-bearing time deposits for the year ended December 31, 2025, were $443, with interest earned of $14, yielding 3.16%[9] - Total earnings assets for the year ended December 31, 2025, were $2,013,275, generating total interest income of $102,913, with an average yield of 5.11%[9] - The average outstanding balance of Federal Home Loan Bank stock was $20,710, with interest earned of $1,785, resulting in an average yield of 8.62% for the year ended December 31, 2025[9]

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: 0-14942 PRO-DEX, INC. (Exact name of registrant as specified in its charter) ——————— COLORADO 84-1261240 (Sta ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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. Commission File Number. 1-14173 MARINEMAX, INC. (Exact Name of Registrant as Specified in Its Charter) Florida 59-3496957 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification Number) 501 Brooker Creek Boulevard Oldsmar, Florida 34677 (Address of Prin ...

Exhibit 99.1 For Immediate Release Contact George Rapp 609.454.0718 grapp@thebankofprinceton.com Princeton Bancorp Announces YTD & Fourth Quarter 2025 Results Princeton, NJ, January 29, 2026 / - Princeton Bancorp, Inc. (the "Company") (NASDAQ - BPRN), the bank holding company for The Bank of Princeton (the "Bank"), today reported its unaudited financial condition at, and its results of operations for the quarter and twelve-months ended, December 31, 2025. President/CEO Edward Dietzler commented on the quart ...

Hanover Bancorp, Inc. Reports 2025 Full Year and Fourth Quarter Results and Declares $0.10 Quarterly Cash Dividend Fourth Quarter Performance Highlights ● Net Income: Net income for the quarter ended December 31, 2025 totaled $33 thousand (after giving effect to a $6.1 million provision for credit losses), versus $3.5 million (after giving effect to a $1.3 million provision for credit losses) for the prior linked quarter and $3.9 million (after giving effect to a $400 thousand provision for credit losses) f ...

EXHIBIT 99.1 UTMD Reports Year 2025 and Fourth Quarter Financial Performance Contact: Brian Koopman (801) 566-1200 January 29, 2026 Salt Lake City, Utah – With some unexpected circumstances in 2025, Utah Medical Products, Inc (UTMD) did not achieve its beginning of year financial projections. Nevertheless the Company retained excellent profit margins, and increased its year-ending cash balances to $85.8 million despite paying $4.0 million in dividends to stockholders and repurchasing 4.5% (since the end of ...

Financial Performance - For the fourth quarter of 2025, SL Green reported a net loss attributable to common stockholders of $104.6 million, or $1.49 per share, compared to a net income of $9.4 million, or $0.13 per share, for the same period in 2024[28]. - For the year ended December 31, 2025, the net loss attributable to common stockholders was $111.9 million, or $1.61 per share, compared to a net income of $7.1 million, or $0.08 per share, for 2024[29]. - The company reported a net loss of $103,720,000 for the three months ended December 31, 2025, compared to a net income of $19,138,000 in the same period of 2024[56]. - The company reported a net loss of $96,910,000 for the year, contributing to an accumulated deficit of $741,880,000 by December 31, 2025[60]. - The company reported a loss before noncontrolling interest of $5,784 for Q4 2025, compared to a loss of $2,284 in Q4 2024[68]. - The company reported a loss before noncontrolling interest of $22,839,000 for the three months ended December 31, 2025, compared to a loss of $18,634,000 in 2024[70]. Funds from Operations (FFO) - The Company reported Funds from Operations (FFO) of $86.2 million, or $1.13 per share, for Q4 2025, down from $131.9 million, or $1.81 per share, for the same period in 2024[30]. - For the year ended December 31, 2025, FFO was $437.7 million, or $5.72 per share, compared to $569.8 million, or $8.11 per share, for 2024[31]. - Funds From Operations (FFO) for the three months ended December 31, 2025, were $86,229,000, a decrease of 34.7% from $131,883,000 in the same period of 2024[59]. - The Funds From Operations (FFO) attributable to SL Green common stockholders and unit holders for the twelve months ended December 31, 2025, was $437.672 million, down from $569.822 million in 2024[147]. Revenue and Operating Income - Total revenues for the three months ended December 31, 2025, were $276,467,000, an increase of 12.4% compared to $245,879,000 for the same period in 2024[56]. - Total operating expenses for the three months ended December 31, 2025, were $166,235,000, an increase of 17.9% from $140,886,000 in the same period of 2024[56]. - Operating income for the twelve months ended December 31, 2025, was $406.21 million, down from $473.99 million in 2024, representing a decrease of about 14.2%[149]. - The company reported a significant increase in joint venture depreciation and noncontrolling interest adjustments, totaling $312.025 million for the twelve months ended December 31, 2025[147]. Occupancy and Leasing Activity - In Q4 2025, SL Green signed 56 office leases in Manhattan totaling 766,783 square feet, with an average rent of $98.26 per rentable square foot[34]. - For the year ended December 31, 2025, the Company signed 199 office leases in Manhattan totaling 2,568,551 square feet, with an average rent of $91.77 per rentable square foot[35]. - Occupancy in the Company's Manhattan same-store office portfolio increased to 93.0% as of December 31, 2025, up from 92.4% as of September 30, 2025[36]. - Same-store cash NOI decreased by 3.4% for Q4 2025 and 2.0% for the year ended December 31, 2025, excluding lease termination income, compared to the same periods in 2024[33]. Debt and Financial Position - Total consolidated debt increased to $4.04 billion as of December 31, 2025, compared to $4.03 billion as of September 30, 2025[48]. - The market value of common equity decreased to $3.49 billion as of December 31, 2025, from $4.54 billion as of September 30, 2025[48]. - Total liabilities decreased to $6,729,517 as of December 31, 2025, down from $6,742,640 on September 30, 2025, representing a reduction of 0.19%[55]. - The company has a total debt to total assets ratio of 44.4%, which is below the required threshold of 60%[79]. Acquisitions and Dispositions - The Company closed on the purchase of Park Avenue Tower for $730.0 million, financed with a five-year fixed rate mortgage of $480.0 million at an effective rate of 5.25%[38]. - The company has disposed of a total of 31,352,356 square feet of real estate, generating gross asset valuation of $26,013,825, with an average price per square foot of $830[131]. - In 2025, the company plans to dispose of One Vanderbilt Avenue, with a gross asset valuation of $4,700,000 and a net rentable square footage of 1,657,198, resulting in a price per square foot of $2,836[132]. - The company has acquired a total of 15,815,924 square feet of net rentable space with a gross asset valuation of $9,475,514,000[133]. Dividend Policy - The Company declared an annual dividend of $3.09 per common share, with a payout ratio of 53.8% for the trailing 12 months[47]. - The Company modified its dividend policy to declare and pay ordinary dividends quarterly starting in fiscal year 2026[44]. Market Strategy and Future Outlook - The company plans to focus on market expansion and new product development as part of its future strategy, although specific details were not disclosed in the earnings call[149]. - The company continues to focus on acquiring fee interests, which accounted for the majority of its acquisitions in recent years[130]. - The company is actively pursuing new strategies to enhance its portfolio and increase overall asset value through targeted acquisitions[130].

Financial Performance - Meridian Corporation reported a net income of $7.2 million for Q4 2025, an increase of $527 thousand or 7.9% from the previous quarter[2]. - Diluted earnings per share for Q4 2025 were $0.61, up from $0.58 in Q3 2025 and $0.49 in Q4 2024[5]. - Pre-provision net revenue (PPNR) for Q4 2025 was $12.6 million, an improvement of $1.4 million or 13% year-over-year[5]. - Net income for the three months ended December 31, 2025, was $7,186 million, an increase of 8% from $6,659 million in the previous quarter[31]. - Basic earnings per common share rose to $0.62, up from $0.59 in the prior quarter, reflecting a 5% increase[33]. - Total interest income for the quarter was $42,826 million, compared to $43,109 million in the previous quarter, a decrease of 1%[33]. - Net interest income after provision for credit losses was $20,340 million, slightly up from $20,266 million in the previous quarter[33]. - Non-interest income totaled $10,615 million, an increase from $9,953 million in the previous quarter, representing a growth of 7%[33]. - The efficiency ratio improved to 63.25%, down from 65.15% in the previous quarter, indicating better cost management[31]. - Return on average assets increased to 1.10%, up from 1.04% in the previous quarter[31]. Asset and Equity Growth - Total assets increased to $2.6 billion as of December 31, 2025, compared to $2.5 billion at September 30, 2025, and $2.4 billion at December 31, 2024[5]. - Total stockholders' equity increased by $10.1 million to $198.1 million, driven by net income of $7.2 million and a net increase of $7.5 million from stock issuance[23]. - Total assets increased by $19.3 million, or 0.8%, to $2.6 billion as of December 31, 2025[20]. - Total deposits reached $2,158,128 million, up from $2,131,116 million in the previous quarter, indicating a growth of 1.3%[35]. - Total stockholders' equity (GAAP) reached $198,141,000 as of December 31, 2025, compared to $171,522,000 on December 31, 2024, a growth of 15.5%[43]. - Total assets (GAAP) were $2,560,420,000 as of December 31, 2025, an increase from $2,385,867,000 a year earlier, representing a 7.3% growth[43]. Loan and Deposit Activity - Commercial loans, excluding leases, increased by $35.2 million or 2% from the prior quarter[5]. - Portfolio loans grew by $8.4 million, or 0.4% quarter-over-quarter, driven by increases in commercial & industrial loans and construction loans[21]. - Total deposits increased by $27.0 million, or 1.3% quarter-over-quarter, led by a $21.2 million increase in interest-bearing deposits[22]. - SBA loan income decreased by $146 thousand, with the volume of SBA loans sold down by $4.5 million to $20.8 million for the quarter ended December 31, 2025[17]. Credit Quality and Loss Provisions - The provision for credit losses increased by $437 thousand to $3.3 million in Q4 2025, primarily due to a rise in net charge-offs[15]. - Non-performing loans decreased by $298 thousand to $55.1 million, with the ratio of non-performing loans to total loans decreasing to 2.50%[24]. - Net charge-offs increased to $3.5 million, or 0.16% of total average loans for the quarter ended December 31, 2025[25]. - The ratio of allowance for credit losses to total loans held for investment was 1.00%, slightly down from 1.01% as of September 30, 2025[26]. - Provision for credit losses was $3,287 million for the quarter, an increase from $2,850 million in the previous quarter, reflecting a rise of 15.4%[37]. - The allowance for credit losses (GAAP) as of December 31, 2025, was $21,573,000, an increase from $18,438,000 on December 31, 2024, reflecting a 16.5% rise[42]. Strategic Initiatives - The company has focused on strategic acquisitions in 2025 to leverage market opportunities and enhance growth in 2026[5]. - The wealth management segment generated pre-tax income of $2.3 million, with assets under management growing by 7.8%[4].

Financial Performance - Fourth quarter net earnings attributable to Kirby were $91.8 million or $1.68 per share, a significant increase from $42.8 million or $0.74 per share in the same quarter of 2024[2] - Full year net earnings attributable to Kirby reached $354.6 million or $6.33 per share, compared to $286.7 million or $4.91 per share in 2024[3] - Adjusted EBITDA for the fourth quarter was $203.1 million, compared to $172.3 million in the fourth quarter of 2024[15] - Operating income for Q4 2025 was $129,673,000, significantly higher than $50,146,000 in Q4 2024, marking a 158.5% increase[26] - Net earnings attributable to Kirby for Q4 2025 were $91,810,000, compared to $42,817,000 in Q4 2024, reflecting a 114.1% increase[28] - Adjusted EBITDA for Q4 2025 was $203,059,000, up from $172,332,000 in Q4 2024, indicating a 17.8% growth[28] - Free cash flow for Q4 2025 was $265,200,000, compared to $150,700,000 in Q4 2024, representing a 76.0% increase[39] Revenue Growth - Consolidated revenues for the fourth quarter of 2025 were $851.8 million, up from $802.3 million in the fourth quarter of 2024[2] - Total revenues for Q4 2025 reached $851,775,000, a 6.2% increase from $802,315,000 in Q4 2024[26] - Marine transportation revenues increased to $481,653,000 in Q4 2025 from $466,776,000 in Q4 2024, representing a 3.8% growth[31] - Distribution and services revenues rose to $370,122,000 in Q4 2025, up 10.3% from $335,539,000 in Q4 2024[33] Operational Metrics - Inland marine barge utilization averaged in the mid to high-80% range during the fourth quarter, with expectations for improvement into the low 90% range in the first quarter of 2026[5] - Power generation revenue increased 10% sequentially and 47% year-over-year, driven by strong order activity and large project wins[5] - Operating margin for Marine transportation improved to 20.8% in Q4 2025 from 18.4% in Q4 2024[31] - Inland marine transportation revenues for Q4 2025 were $379.2 million, resulting in a revenue per ton mile of 10.9 cents[5] Debt and Capital Expenditures - Total debt as of December 31, 2025, was $919.3 million, with a debt-to-capitalization ratio of 21.4%[15] - The debt to capitalization ratio increased to 21.4% in 2025 from 20.7% in 2024[29] - Capital expenditures for Q4 2025 were $47,033,000, down from $96,670,000 in Q4 2024[28] Future Outlook - For 2026, Kirby expects earnings per share to be flat to up 12% year-over-year, supported by stable operations and improving market fundamentals[5] - Total distribution and services revenues are projected to be flat to slightly higher year-over-year, with strength in power generation offsetting lower oil and gas activity[18] Performance Measurement - Kirby evaluates its operating performance using Adjusted EBITDA, which is defined as net earnings before interest, taxes, depreciation, and amortization[1] - Adjusted EBITDA is a key performance measure used in Kirby's incentive bonus plan and is widely accepted by analysts and investors[1] - Kirby uses non-GAAP financial measures to assess performance excluding one-time items, which helps in understanding operating performance over different periods[2] - Free cash flow is defined as net cash from operating activities less capital expenditures, providing insights into the company's liquidity[2] Operational Efficiency - Ton miles measure fleet productivity, indicating the distance a loaded tank barge is moved, with an example of generating 330,000 ton miles[4] - The average number of towboats operated includes both owned and chartered vessels during the reporting period[6] - Delay days measure the lost time incurred by a tow during transit, accounting for various navigational delays[7] Share Repurchase - Kirby repurchased 1,030,729 shares at an average price of $98.53 for a total of $101.6 million in the fourth quarter[5]