Earnings Release | Fourth Quarter Operating Results | | | Increase / (Decrease) | | | --- | --- | --- | --- | --- | | $ in billions, except per share data | | | Reported | Currency | | | Q4 2025 | Q4 2024 | GAAP | neutral | | Net revenue | $8.8 | $7.5 | 18% | 15% | | Operating expenses | $3.9 | $3.6 | 10% | 7% | | Operating income | $4.9 | $3.9 | 25% | 21% | | Operating margin | 55.8% | 52.6% | 3.2 ppt | 2.9 ppt | | Effective income tax rate | 16.7% | 14.1% | 2.6 ppt | 2.8 ppt | | Net income | $4.1 | $3.3 | ...

Financial Performance - GAAP net income for Q4 2025 was $9.1 million, or $1.15 per share, down from $10.1 million, or $1.27 per share in Q3 2025[1][3] - Operating net income for Q4 2025 was $10.7 million, or $1.36 per share, reflecting a strong performance despite a one-time tax adjustment[2][4] - Net income for the year ended December 31, 2025, reached $35,198 thousand, compared to $9,770 thousand for the year ended December 31, 2024, marking a significant increase of 260.73%[30] - Net income for the quarter ended December 31, 2025, was $9,144,000, compared to $2,963,000 for the same quarter in 2024, representing a significant increase[33] - Operating diluted EPS for the quarter was $1.36, with an operating net income of $10,691,000[32] Revenue and Income Growth - Total revenues for Q4 2025 were $30.3 million, up from $28.5 million in the previous quarter, primarily due to lower funding costs and increased SBA loan sale gains[14] - Noninterest income for the quarter ended December 31, 2025, totaled $3,376 thousand, an increase of 35.36% from $2,495 thousand in the previous quarter[30] - For the year ended December 31, 2025, net interest income was $99,474 thousand, an increase from $83,665 thousand in 2024[37] Loan and Asset Growth - Net loan growth for the quarter was $121.9 million, resulting in a 5.0% increase compared to the year ended December 31, 2024[9] - Gross loans totaled $2.8 billion at December 31, 2025, reflecting an increase of $134.2 million, or 5.0% year-over-year[19] - Total loans for the quarter ended December 31, 2025, amounted to $2,762,318,000, with a total interest income of $50,723,000[35] - Total earning assets increased to $3,144,798 thousand in 2025, compared to $3,104,352 thousand in 2024, reflecting a growth of approximately 1.3%[37] Asset Quality and Credit Losses - Nonperforming assets as a percentage of total assets improved to 0.49% from 0.56% in the previous quarter, with a decrease of $1.9 million in nonperforming assets[9][17] - The allowance for credit losses on loans was $30.7 million, representing 1.08% of total loans as of December 31, 2025[16] - Provision for credit losses was $616 thousand for the quarter ended December 31, 2025, compared to a credit of $(411) thousand in the previous quarter, indicating a shift in credit quality assessment[30] Capital and Equity - Shareholders' equity increased to $301.5 million as of December 31, 2025, up by $31.0 million compared to December 31, 2024[21] - The bank's total risk-based capital ratio was 12.94%, indicating a well-capitalized status[22] - Total equity as of December 31, 2025, was $301,489,000, reflecting a steady growth trend over the past year[31] Deposits and Funding - Total deposits amounted to $2.8 billion at December 31, 2025, up by $41.9 million, or 1.5% compared to the previous year[19] - Noninterest bearing demand deposits rose to $403.7 million, a 25.4% increase year-over-year[21] - Brokered deposits decreased by $146.3 million, or 20.7%, compared to December 31, 2024[19] Efficiency and Cost Management - The efficiency ratio for Q4 2025 was 50.8%, an improvement from 51.4% in Q3 2025[9] - Interest expense on deposits decreased to $22,388 thousand for the quarter ended December 31, 2025, down from $22,585 thousand in the previous quarter, a decline of 0.87%[30] Interest Rates and Margins - Net Interest Margin for Q4 2025 was 3.40%, an increase of 6 basis points from Q3 2025, driven by lower deposit costs[9][15] - The net interest margin improved to 3.16% in 2025, up from 2.70% in 2024, indicating enhanced profitability from earning assets[37] - The interest rate spread increased to 2.51% for the quarter ended December 31, 2025, compared to 1.73% for the same quarter in 2024[35]

Financial Performance - Record quarterly net income of $23.7 million, or $0.99 diluted EPS, with adjusted net income of $25.3 million, or $1.06 diluted EPS [10] - Net income for the quarter was $23,678 thousand, a 23.06% increase compared to $19,168 thousand in the same quarter last year [31] - Basic earnings per share increased to $0.99, up from $0.80 in the same quarter last year, marking a growth of 23.75% [31] - Net income for the quarter was $23,678 million, compared to $22,462 million in the previous quarter, showing a growth of 5.4% [34] - Basic earnings per share increased to $0.99, up from $0.94 in the previous quarter, reflecting a growth of 5.3% [34] Loan and Deposit Growth - Total loans increased to $6.01 billion, a quarterly increase of $187.3 million, or 3.2%, and a 6.0% increase for the year [10] - Total deposits reached $6.40 billion, a quarterly increase of $105.7 million, or 1.7%, and a 5.6% increase for the year [10] - Net loans reached $5,936,499 thousand, an increase of 3.23% from $5,751,113 thousand in the previous quarter [28] - Total deposits rose to $6,395,273 thousand, reflecting a 1.68% increase from $6,289,543 thousand in the prior quarter [28] - Total loans outstanding reached $6,011,374 million, up from $5,824,038 million in the previous quarter, reflecting a growth of 3.2% [36] - Total deposits grew to $6,395,273 million, up from $6,289,543 million, representing an increase of 1.7% [36] Interest Income and Margin - Net interest income for Q4 2025 was $66.5 million, up $7.6 million, or 12.9%, compared to Q4 2024 [6] - Net interest income for the quarter was $66,530 thousand, up 12.67% from $58,950 thousand in the same quarter last year [30] - Net interest income for the quarter ended December 31, 2025, was reported at $66,530 thousand, compared to $66,363 thousand in the prior quarter [43] - The net interest margin (tax equivalent) for the quarter was 3.73%, a slight decrease from 3.80% in the previous quarter [43] - The average rate on average earning assets (tax equivalent) was 5.35%, down from 5.48% in the previous quarter [41] Non-Interest Income and Expenses - Non-interest expenses totaled $55.9 million, a decrease from $57.1 million in the prior quarter [15] - Non-interest income decreased to $21,685 thousand, down 17.86% from $26,363 thousand in the previous quarter [31] - Total non-interest income was $21,685 million, down from $22,909 million in the previous quarter, a decline of 5.4% [34] - Adjusted noninterest expense for the current period is $51,876 million, a decrease from $53,214 million in the previous period [47] - Noninterest income (GAAP) decreased to $21,685 million from $22,909 million, showing a decline in this revenue stream [47] Asset and Equity Growth - Total assets increased to $7,966,658 thousand as of December 31, 2025, up from $7,830,368 thousand as of September 30, 2025, representing a growth of 1.74% [28] - Total stockholders' equity rose to $958,692 thousand, an increase of 2.73% from $932,179 thousand in the previous quarter [28] - Common stockholder's equity increased to $958,692 thousand, up from $932,179 thousand in the previous quarter [43] - Book value per common share increased to $39.97, up from $38.85 in the previous quarter, reflecting a growth of 2.9% [36] - Tangible book value per share increased 4.3% during the quarter to $29.42, and 20.3% for the year [10] Credit Quality - The allowance for credit losses (ACL) was $74.9 million, with an ACL to total loans ratio of 1.25% [11] - Provision for credit losses was $2,349 thousand, a decrease from $3,643 thousand in the previous quarter, indicating improved credit quality [30] - Provision for credit losses was $2,349 million, a decrease from $3,353 million in the previous quarter, indicating improved asset quality [34] - Non-performing loans increased to $31,948 million, compared to $22,199 million in the previous quarter, indicating a rise of 43.2% [36] - The allowance for credit losses to total loans outstanding was 1.25%, consistent with the previous quarter [36] Regulatory and Acquisition Updates - The Company received regulatory approval for the acquisition of Two Rivers Financial Group, Inc., expected to close in Q1 2026 [3]

Financial Performance - Net income for Q4 2025 was $12.3 million, a 24% increase from $9.9 million in Q4 2024, and full-year net income reached $46.2 million, a 46% increase from $31.7 million in 2024[2]. - Diluted earnings per common share for Q4 2025 was $0.61, compared to $0.63 in Q4 2024, and for the full year, it was $2.64, a 31% increase from $2.01 in 2024[2]. - Net income for the twelve months ended December 31, 2025, was $46,212,000, up 46.0% from $31,683,000 in 2024[55]. - Net income for Q4 2025 was $12,267 million, compared to $9,893 million in Q4 2024, representing a 24.5% increase year-over-year[68]. Asset and Deposit Growth - Total assets as of December 31, 2025, were $4.3 billion, a 5.4% increase from September 30, 2025, and a 5.8% increase from December 31, 2024[10]. - Total deposits at December 31, 2025, were $3.5 billion, a 7.3% increase from September 30, 2025, and a 7.9% increase from December 31, 2024[11]. - Total loans increased by 6.1% to $3,270,046 from $3,081,230, with notable growth in residential real estate loans by 22.1%[49]. - Total deposits grew by 7.9% to $3,466,464, with time deposits surging by 54.8%[50]. Efficiency and Operational Metrics - Efficiency ratio improved to 57.7% in Q4 2025, down from 68.3% in Q4 2024, marking the sixth consecutive quarter of improvement[2]. - The efficiency ratio improved to 57.7% for Q4 2025 from 68.3% in the same period last year, driven by a 16.3% increase in net interest income[23]. - The average yield on interest-earning assets improved to 5.71% from 5.62% year-over-year[41]. - The return on average assets for Q4 2025 was 1.14%, an increase from 0.97% in Q4 2024[69]. Non-Interest Income and Expenses - Non-interest income for Q4 2025 totaled $9.9 million, a 9.6% increase compared to the same period last year[18]. - Non-interest income for Q4 2025 was impacted by the mid-quarter FSB acquisition, with service charges increasing by $0.1 million year-over-year due to higher retail overdraft fees[8]. - Non-interest expense for Q4 2025 totaled $31.0 million, an increase of $2.7 million or 9.6% compared to the same period last year, primarily due to $3.4 million in non-recurring acquisition-related expenses[21]. - Total non-interest expense for Q4 2025 was $31,003 million, up from $28,296 million in Q4 2024, indicating an increase of 6.0%[73]. Credit Quality and Allowance for Losses - The allowance for credit losses to loans ratio was 1.28% at December 31, 2025, compared to 1.30% at September 30, 2025[17]. - The allowance for credit losses at the end of the period was $42,020,000, an increase from $39,669,000 in 2024[56]. - The provision for credit losses for the twelve months ended December 31, 2025, was $3,521,000, down from $5,885,000 in 2024, showing a reduction in expected credit losses[55]. - Non-performing assets decreased to $31,290,000 as of December 31, 2025, from $32,852,000 in 2024, indicating improved asset quality[53]. Capital and Shareholder Metrics - Total shareholders' equity increased to $543.5 million as of December 31, 2025, up $44.4 million from September 30, 2025, and $155.0 million from December 31, 2024, due to a capital raise and the FSB acquisition[26]. - The book value per share rose to $26.20 as of December 31, 2025, compared to $25.08 in 2024[57]. - The equity to asset ratio improved to 12.53% as of December 31, 2025, from 9.48% in 2024, indicating stronger capital position[57]. - The Tier 1 leverage ratio improved to 11.32% from 10.96% in the previous quarter, indicating stronger capital adequacy[77]. Future Outlook - The company expects continued growth in net interest income and non-interest income in the upcoming quarters, driven by strategic market expansions and product innovations[86].

Revenue Performance - Revenue for the first quarter of fiscal 2026 was $505.2 million, a 7.8% increase from $468.5 million in the prior-year period[5] - Total revenue for Q4 2025 was $505,178 thousand, up from $468,461 thousand in Q4 2024, marking a growth of 7.8%[24] - Retail Operations revenue increased to $504,413 thousand in Q4 2025 from $468,349 thousand in Q4 2024, representing an increase of 7.2%[24] - Product Manufacturing revenue decreased to $21,622 thousand in Q4 2025 from $37,938 thousand in Q4 2024, a decline of 43.0%[24] Same-Store Sales - Same-store sales grew over 10% year-over-year, compared to an 11% decline in the first quarter of fiscal 2025[8] Profitability and Loss - The company reported a net loss of $7.9 million, or $0.36 per share, compared to net income of $18.1 million, or $0.77 per diluted share, in the prior-year period[12] - Net loss attributable to MarineMax, Inc. was $7,926 thousand in Q4 2025 compared to a net income of $18,066 thousand in Q4 2024, indicating a significant decline[26] - Adjusted net loss attributable to MarineMax, Inc. was $4,552 thousand in Q4 2025, down from an adjusted net income of $4,062 thousand in Q4 2024[26] - Diluted net loss per common share was $(0.36) in Q4 2025, compared to earnings of $0.77 per share in Q4 2024[26] Gross Profit and Margins - Gross profit margin was 31.8%, down from 36.2% in the prior-year period, primarily due to a challenging retail environment[9] Expenses - Selling, general, and administrative expenses increased to $155.6 million, or 30.8% of revenue, compared to $130.7 million, or 27.9% of revenue, in the prior-year period[10] - Transaction and other costs increased to $2,975 thousand in Q4 2025 from $221 thousand in Q4 2024, a rise of 1245.3%[26] - Restructuring expenses were $147 thousand in Q4 2025, down from $503 thousand in Q4 2024, a decrease of 70.8%[28] Adjusted EBITDA - Adjusted EBITDA for the quarter was $15.5 million, down from $26.1 million in the prior-year period[12] - Adjusted EBITDA for Q4 2025 was $15,544 thousand, a decrease from $26,057 thousand in Q4 2024, reflecting a decline of 40.7%[28] Future Outlook - The company reaffirms its fiscal 2026 guidance, expecting adjusted EBITDA to be in the range of $110 million to $125 million[13] - The company anticipates gradual improvement in market conditions as it approaches the spring selling season[14] - The strategic expansion into higher-margin businesses is expected to enhance long-term performance and reduce volatility[6] Inventory Management - Inventory levels decreased by $167.3 million year-over-year, reflecting improved alignment between supply and demand[7] Variability in Costs - The company noted that reconciliations of forward-looking Adjusted net income and Adjusted EBITDA are not available without unreasonable effort due to high variability in acquisition-related costs[31]

Financial Performance - Record sales of $5.2 billion for the fiscal year ending June 30, 2026, representing a 9% increase year-over-year, with organic sales growth of 6.6%[3] - Adjusted earnings per share (EPS) increased by 17% to a record $7.65, while reported EPS decreased by 9% to $6.60 due to a one-time gain from divestitures in the prior year[3] - Adjusted net income rose by 15% to $980 million, while net income decreased by 11% to $845 million compared to the same quarter last year[3] - Total net income for Parker Hannifin Corporation was $845 million in Q4 2025, with diluted EPS of $6.60, compared to $949 million and $7.25 in Q4 2024[22] - Net income for the six months ended December 31, 2025, was $1,653 million, slightly up from $1,647 million in 2024, indicating a growth of 0.4%[26] Segment Performance - Segment operating margin improved to 23.9%, an increase of 180 basis points, with adjusted segment operating margin rising to 27.1%, an increase of 150 basis points[3] - Aerospace Systems Segment achieved record sales of $1.706 billion, a 14.5% increase, driven by 26% growth in commercial OEM and 17% in aftermarket[7] - International businesses reported sales of $1.482 billion, an 11.8% increase, with a segment operating margin of 23.5%, up 210 basis points[6] - Net sales for the Diversified Industrial Segment reached $3,468 million in Q4 2025, a 6.6% increase from $3,253 million in Q4 2024[20] - Adjusted segment operating income for the same segment was $889 million, up from $793 million year-over-year, reflecting a 12.1% increase[20] - Reported sales growth for the Aerospace segment was 11.8% in Q4 2025, with net sales of $1,482 million compared to $1,325 million in Q4 2024[20] - The adjusted segment operating margin for the Diversified Industrial Segment improved to 25.6% in Q4 2025 from 24.4% in Q4 2024[20] - The Aerospace segment's organic sales growth was 4.6% in Q4 2025, compared to 13.5% in Q4 2024[20] Guidance and Forecast - Guidance for fiscal year 2026 has been increased, with sales growth projected between 5.5% to 7.5% and adjusted EPS guidance raised to a range of $30.40 to $31.00[4] - The forecasted net sales growth for Fiscal Year 2026 is projected to be between 5.5% and 7.5%, with adjustments for currency and acquisitions reducing organic growth to 4.0% to 6.0%[27] - The forecasted segment operating margin for Fiscal Year 2026 is estimated to be between 23.7% and 24.1%, with adjusted margins expected to rise to 27.0% to 27.4% after accounting for various charges[28] - Forecasted earnings per diluted share for Fiscal Year 2026 are projected to be between $26.26 and $26.86, with adjusted earnings expected to range from $30.40 to $31.00 after considering specific adjustments[29] Cash Flow and Investments - Net cash provided by operating activities for the six months ended December 31, 2025, was $1,644 million, a decrease from $1,679 million in 2024[26] - Cash used in investing activities totaled $(1,146) million, significantly down from a net cash provided of $412 million in the previous year[26] - Payments for common shares amounted to $(667) million, compared to $(192) million in the prior year, indicating an increase in share repurchase activity[26] - The company reported a net decrease in cash and cash equivalents of $40 million, ending the period with $427 million in cash[26] - The company made acquisitions totaling $(1,013) million during the period, reflecting a strategic move towards growth through consolidation[26] - The effect of exchange rate changes on cash was a decrease of $(9) million, contributing to the overall cash flow dynamics[26] Orders and Backlog - Order rates increased by 9% across all reported businesses, with a record backlog of $11.7 billion[10] - Strong performance in Asia with 9% organic growth, and EMEA returning to positive growth at 2%[6]

Financial Performance - Arrow reported a record net income of $14.0 million or $0.85 per share for Q4 2025, compared to $4.5 million and $0.27 per share in Q4 2024, representing a 211% increase in net income year-over-year [2]. - For the full year 2025, net income totaled $44.0 million, with EPS of $2.65, up from $29.7 million and EPS of $1.77 in 2024, marking a 48% increase in net income [9]. - Net income for Q4 2025 was $14,013,000, representing a significant increase of 213.5% from $4,472,000 in Q4 2024 [17]. - Basic earnings per share for the twelve months ended December 31, 2025, were $2.65, up 49.2% from $1.77 in 2024 [17]. - Net income for the quarter ended December 31, 2025, was $14,013,000, an increase of 9.2% from $12,825,000 in the previous quarter [21]. Asset and Equity Growth - Total assets were $4.4 billion at December 31, 2025, a 3.2% increase from the prior year [11]. - Total assets as of December 31, 2025, were $4,445,862,000, an increase of 3.2% from $4,306,348,000 in 2024 [19]. - Total stockholders' equity increased to $431,852,000 as of December 31, 2025, from $400,901,000 in 2024, reflecting an increase of 7.7% [19]. - Total stockholders' equity increased to $431,852,000 from $417,687,000 in the previous quarter, showing a growth of 3.0% [24]. - Stockholders' equity grew to $425,042 thousand as of December 31, 2025, up from $393,696 thousand in the previous year, reflecting a growth of 7.93% [28]. Interest Income and Margins - The net interest margin reached a record 3.24% in Q4 2025, compared to 3.22% in Q3 2025, and 3.17% for the full year, up from 2.72% in 2024 [6][9]. - Net interest income for Q4 2025 was $35.1 million, a 2.9% increase from Q3 2025, and $133.2 million for the full year, a 19.2% increase from 2024 [9]. - Total interest and dividend income for Q4 2025 was $54,610,000, an increase of 7.8% from $50,901,000 in Q4 2024 [17]. - Net interest income after provision for credit losses for the twelve months ended December 31, 2025, was $125,890,000, up 18.2% from $106,552,000 in 2024 [17]. - Net interest income for the quarter was $35,143,000, an increase from $34,131,000 in the previous quarter, reflecting a growth of 2.96% [25]. Credit Losses and Loan Performance - The provision for credit losses for 2025 was $7.3 million, up from $5.2 million in 2024, primarily due to loan growth [12]. - The company reported a provision for credit losses of $7,274,000 for the twelve months ended December 31, 2025, compared to $5,180,000 in 2024 [17]. - Nonperforming assets decreased to $8,735 million in Q4 2025, down from $21,477 million in Q4 2024, a reduction of 59.3% [35]. - The provision for credit losses for Q4 2025 was $846 million, significantly lower than $2,854 million in Q4 2024, a decrease of 70.3% [35]. - Total loans increased to $3,453,093 million in Q4 2025, up from $3,394,541 million in Q4 2024, representing a growth of 1.73% [35]. Deposits and Liabilities - Total deposits increased by $111.5 million, or 2.9%, from the prior year, reaching $3.9 billion [14]. - Total liabilities increased to $4,014,010,000 as of December 31, 2025, compared to $3,905,447,000 in 2024, reflecting a growth of 2.8% [19]. - The company reported a total liabilities figure of $4,074,153 thousand, up from $3,946,137 thousand in the previous year, indicating a growth of 3.24% [28]. Efficiency and Management - Return on average assets was 1.24% for Q4 2025, up from 1.00% for the full year 2024 [6][9]. - Return on average equity (ROAE) increased to 13.08% from 12.32% in the prior quarter, demonstrating stronger profitability [21]. - Efficiency ratio improved to 58.94% from 59.56% in the previous quarter, indicating better cost management [21]. - The allowance for credit losses was $34,322,000 as of December 31, 2025, compared to $33,598,000 in 2024, indicating a slight increase [19].

Financial Performance - Net earnings for Q4 2025 were $30.2 million, or $0.64 per diluted share, compared to $22.5 million, or $0.47 per diluted share in Q4 2024, representing a 34.3% increase in net earnings [2][12]. - Revenues for Q4 2025 were $4.7 billion, a 7% increase from the prior year period, with a 1% increase on a constant currency basis and a 2% increase on an organic constant currency basis [5][6]. - Full year revenues for 2025 were $18.0 billion, representing a 1% increase compared to the prior year, or a 2% decrease in constant currency [7]. - Revenues from services for the year ended December 31, 2025, were $17,957.1 million, a slight increase of 0.6% compared to $17,853.9 million in 2024 [18]. - Gross profit margin for the quarter was 16.3%, reflecting softer than expected permanent recruitment activity in Europe [5]. - Gross profit decreased by 2.9% to $2,997.6 million in 2025 from $3,086.8 million in 2024 [18]. - Operating profit fell significantly by 50.9% to $150.1 million in 2025, down from $306.0 million in 2024 [18]. - Net loss for the year was $13.3 million, a drastic decline from net earnings of $145.1 million in 2024, representing a 109.2% decrease [18]. - Earnings before income taxes dropped by 63.6% to $93.4 million in 2025 from $256.8 million in 2024 [18]. Cash Flow and Assets - Cash provided by operating activities was $179 million, with free cash flow of $168 million for the quarter [3]. - Total current assets increased to $5,790.4 million in 2025, up from $4,970.3 million in 2024 [25]. - Cash and cash equivalents rose to $871.0 million in 2025, compared to $509.4 million in 2024 [25]. - Accounts receivable increased to $4,770.3 million in 2025 from $4,297.2 million in 2024 [25]. - Cash used in operating activities amounted to $104.1 million, compared to cash provided of $309.2 million in the previous year [27]. - Capital expenditures for the year were $57.3 million, an increase from $51.1 million in 2024 [27]. - Cash used in investing activities totaled $59.2 million, down from $68.2 million in 2024 [27]. - Cash provided by financing activities was $485.5 million, a turnaround from cash used of $282.4 million in the previous year [27]. - Cash and cash equivalents at the end of the period increased to $871.0 million, up from $509.4 million at the beginning of the period [27]. - The company reported a depreciation and amortization expense of $86.0 million, slightly down from $86.6 million in 2024 [27]. Impairments and Charges - The company recorded impairment charges of $88.7 million in 2025 related to investments in Switzerland and the United Kingdom [19]. - The company incurred non-cash goodwill and other impairment charges of $88.7 million during the year [27]. Future Outlook - The company anticipates diluted earnings per share for Q1 2026 to be between $0.45 and $0.55, including an estimated favorable currency impact of $0.06 [7]. - The company executed restructuring actions that contributed to a sequential improvement in year-over-year SG&A expenses [5]. - Market-leading growth was observed in Italy, with ongoing stabilization in North America and Europe, particularly in France [5][7]. - The company plans to capitalize on improving market demand and progress technology initiatives to diversify capabilities and increase market share [7]. Dividends - Dividends paid decreased to $66.7 million from $145.8 million in the previous year [27].

Financial Performance - Net income available to common stockholders for Q4 2025 was $38.0 million, down from $39.5 million in Q3 2025, but up from $18.9 million in Q4 2024[2]. - Diluted earnings per share for Q4 2025 were $0.75, compared to $0.78 in Q3 2025 and $0.49 in Q4 2024[2]. - Net income for the year ended December 31, 2025, was $80,443 thousand, compared to $73,793 thousand in 2024, indicating an increase of about 9%[25]. - Basic earnings per common share increased to $1.64 for the year ended December 31, 2025, from $1.77 in 2024, showing a decrease of approximately 7.3%[25]. - Operating net income for Q4 2025 was $43,531,000, an increase from $37,018,000 in Q3 2025, representing a growth of 17.0%[30]. Asset and Deposit Growth - Total assets increased to $14.0 billion as of December 31, 2025, compared to $9.9 billion a year earlier, primarily due to the merger with FLIC[16]. - Total assets as of December 31, 2025, were $14,002,700, a slight decrease from $14,023,585 as of September 30, 2025[27]. - Total deposits reached $11,240,615 thousand in 2025, up from $7,820,114 thousand in 2024, representing an increase of about 43.5%[24]. - Total deposits decreased to $11,240,615 as of December 31, 2025, from $11,369,295 as of September 30, 2025, a decline of 1.14%[27]. Loan and Credit Quality - Loans and client deposits grew sequentially by more than 5% annualized, excluding a reduction of over $280 million in brokered deposits[5]. - Nonperforming assets as a percentage of total assets were 0.33% as of December 31, 2025, down from 0.58% a year earlier[14]. - The allowance for credit losses increased to $154.3 million as of December 31, 2025, reflecting the FLIC merger[15]. - Provision for credit losses decreased to $47,000 thousand in 2025 from $13,800 thousand in 2024, indicating a reduction of about 65.5%[25]. - Net loan charge-offs for the quarter were $4,777 thousand, a decrease from $5,136 thousand in the prior quarter[32]. Interest Income and Margin - Net interest margin widened by 16 basis points to 3.27% in Q4 2025, benefiting from a 4.5% increase in fully taxable equivalent net interest income to $107.8 million[8]. - Interest income for the year ended December 31, 2025, was $644,868 thousand, up from $517,889 thousand in 2024, reflecting a growth of approximately 24.5%[25]. - Net interest income for Q4 2025 was $106,595,000, an increase from $102,017,000 in Q3 2025, representing a growth of 5.6%[28]. - Net interest margin improved to 3.27% in Q4 2025 from 3.11% in Q3 2025, indicating better asset utilization[30]. Noninterest Income and Expenses - Noninterest income for Q4 2025 was $6.0 million, significantly lower than $19.4 million in Q3 2025, primarily due to nonrecurring items in the previous quarter[10]. - Noninterest income for the year ended December 31, 2025, was $35,065 thousand, compared to $16,728 thousand in 2024, reflecting a growth of approximately 109%[25]. - Total noninterest income dropped significantly to $6,020,000 in Q4 2025 from $19,409,000 in Q3 2025, a decline of 69.0%[28]. - Total noninterest expenses decreased to $56,946,000 in Q4 2025 from $58,673,000 in Q3 2025, a reduction of 2.9%[30]. Dividends and Tax Rate - The Company declared a cash dividend of $0.18 per share on common stock, payable on March 2, 2026[7]. - The effective tax rate for Q4 2025 was 26.0%, with an estimated rate of approximately 28.0% for 2026[12]. Strategic Focus - The company plans to continue focusing on expanding its fintech subsidiary, BoeFly, Inc., to enhance its service offerings in the franchise space[21]. - ConnectOne Bancorp, Inc. emphasizes the importance of non-GAAP financial measures to provide additional insights into its operating performance[26].

Exhibit 99.1 CONNECTONE BANCORP, INC. REPORTS FOURTH QUARTER AND FULL-YEAR 2025 RESULTS NET INTEREST MARGIN WIDENS BY 16 BASIS POINTS PERFORMANCE METRICS GAIN MOMENTUM BRANCH RATIONALIZATION TO RESULT IN 5 CLOSURES CREDIT TRENDS REMAIN SOLID DECLARES COMMON AND PREFERRED DIVIDENDS Englewood Cliffs, N.J., January 29, 2026 (GLOBE NEWSWIRE) – ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the "Company" or "ConnectOne"), parent company of ConnectOne Bank (the "Bank"), today reported net income available to common sto ...