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]

Financial Performance - Riverview Bancorp reported net income of $1.4 million, or $0.07 per diluted share, for the third fiscal quarter of 2026, an increase from $1.1 million, or $0.05 per diluted share, in the previous quarter[3]. - Net income for the three months ended December 31, 2025, was $1,377 million, compared to $1,099 million for the previous quarter, representing a 25.3% increase[41]. - Basic earnings per share rose to $0.07 for the three months ended December 31, 2025, compared to $0.05 for the previous quarter[45]. Income and Expenses - Net interest income for the quarter was $10.5 million, up from $9.4 million in the same quarter last year, with a net interest margin of 2.96%, compared to 2.60% in the third quarter of fiscal 2025[3][11]. - Non-interest income was $3.5 million for the quarter, slightly up from $3.3 million in the same quarter last year[14]. - Non-interest expense remained flat at $12.2 million compared to the previous quarter but increased from $11.2 million a year ago[16]. Asset and Loan Growth - Total loans increased by $15.1 million to $1.07 billion compared to the previous quarter, with new loan originations totaling $36.7 million[18]. - Total commercial and construction loans reached $956,594 as of December 31, 2025, compared to $949,251 in the previous quarter[43]. - Average loans for the three months ended December 31, 2025, were $1,080,560, an increase from $1,060,643 in the previous quarter[42]. Credit Quality - Non-performing assets were $1.1 million, or 0.07% of total assets, reflecting stable credit quality metrics[25]. - Non-performing loans were $1.129 million at December 31, 2025, representing 0.10% of total loans[36]. - The allowance for credit losses was $15.3 million at December 31, 2025, representing 1.41% of total loans, down from 1.44% at September 30, 2025, and 1.47% a year earlier[28]. Capital and Liquidity - Shareholders' equity increased to $164.2 million, with tangible book value per share rising to $6.62[24]. - Riverview maintained a total risk-based capital ratio of 16.35% and a Tier 1 leverage ratio of 11.24% at December 31, 2025, indicating strong capital levels[29]. - Available liquidity was approximately $515.5 million at December 31, 2025, including $227.2 million from FHLB and $288.3 million from the Federal Reserve Bank[30]. Operational Efficiency - The efficiency ratio improved to 86.9% from 89.8% in the previous quarter, indicating better operational efficiency[16]. - Return on average assets increased to 0.36% for the nine months ended December 31, 2025, up from 0.29% for the three months ended September 30, 2025[45]. Market and Shareholder Information - Market price per share closed at $5.02 at the end of the period, down from $5.37 at the end of the previous quarter[45]. - Cash dividends declared per share remained steady at $0.0200 for the three months ended December 31, 2025, consistent with the previous quarter[45].

Financial Performance - First Northwest Bancorp reported a net income of $382,000 for Q4 2025, down from $802,000 in Q3 2025 and a net loss of $2.8 million in Q4 2024[2]. - Basic and diluted earnings per share were $0.04 for Q4 2025, compared to $0.09 in Q3 2025 and a loss of $0.32 in Q4 2024[2]. - Net income for the quarter was $382,000, a decrease from $802,000 in the previous quarter and a loss of $9,036,000 in the same quarter last year[42]. - Net interest income after provision for credit losses was $14,127,000 for the quarter, compared to $10,482,000 in the same quarter last year, reflecting an increase of 34.0%[35]. - Adjusted PPNR for the quarter was $478,000, up from $340,000 in the previous quarter and $1,469,000 in the same quarter last year[42]. Interest Income and Expense - Total interest income decreased by $773,000 to $26.1 million for Q4 2025, down from $26.9 million in Q3 2025 and $28.2 million in Q4 2024[17]. - Total interest expense decreased by $894,000 to $11.5 million for Q4 2025, compared to $12.3 million in Q3 2025 and $14.1 million in Q4 2024[17]. - Interest expense on deposits decreased to $8,648,000 for the quarter, down from $11,175,000 in the same quarter last year, a reduction of 22.6%[35]. - The company reported a total interest expense of $11,447,000 for the quarter, down from $14,060,000 in the same quarter last year, reflecting a decrease of 18.6%[35]. Asset Quality - The allowance for credit losses on loans increased to $17.0 million at December 31, 2025, from $16.2 million at September 30, 2025, representing 1.04% of total loans[14]. - Nonperforming loans rose by $9.2 million to $22.6 million at December 31, 2025, from $13.4 million at September 30, 2025[15]. - Total past due loans as a percentage of total loans increased to 1.21% at December 31, 2025, compared to 0.88% at September 30, 2025[22]. - The provision for credit losses for the quarter was $563,000, compared to a recapture of $673,000 in the previous quarter and a provision of $7,785,000 in the same quarter last year[42]. Deposits and Funding - Total deposits decreased by $54.2 million to $1.6 billion as of December 31, 2025, compared to $1.7 billion at September 30, 2025, and decreased by $88.9 million year-over-year[24]. - Brokered deposits decreased by $17.9 million, or 17.1%, to $86.5 million at December 31, 2025, compared to $104.4 million at September 30, 2025[8]. - The average balance of brokered CDs decreased by $99.2 million year-over-year, contributing to the overall decline in total deposits[24]. - The customer deposit mix shifted towards increased average savings account balances, with savings accounts increasing by 2.8% quarter-over-quarter and 16.7% year-over-year[25]. Capital and Equity - Total shareholders' equity increased to $157.3 million at December 31, 2025, from $154.5 million three months earlier, driven by a net income of $382,000[25]. - Common Equity Tier 1 and Total Risk-Based Capital Ratios for the Bank were 12.5% and 13.6%, respectively, indicating strong capital levels[26]. - Total tangible common equity reached $155,900,000, up from $153,131,000 in the previous quarter and $144,995,000 a year ago[43]. - Book value per common share increased to $16.61, up from $16.33 in the previous quarter and $15.52 a year ago[43]. Operational Efficiency - The efficiency ratio improved to 92.0% in Q4 2025 from 104.9% in Q3 2025[9]. - Noninterest expense decreased by $488,000 to $16.9 million for Q4 2025, compared to $17.4 million in Q3 2025, primarily due to a reduction in legal fees[17]. - Total noninterest income increased to $3,690,000 for the quarter, up from $1,300,000 in the same quarter of the previous year, marking a significant increase of 184.6%[35]. Loans and Advances - Advances increased by $48.5 million, or 21.6%, to $273.5 million at December 31, 2025, partially offsetting a $54.2 million decrease in deposit balances[8]. - Total loans outstanding were $1,628,112 million as of December 31, 2025, slightly up from $1,623,132 million in the previous quarter[37]. - Total construction and land loans amounted to $61,268 million as of December 31, 2025, a decrease from $67,793 million on September 30, 2025[37]. - Total commercial business loans increased to $130,311 million, up from $113,160 million in the prior quarter[37]. Recognition and Strategy - The company has been recognized as the Best Bank in Clallam County by Forbes and received multiple awards for its services[27]. - The company is focused on building sustainable earnings through a full array of financial products and services, emphasizing innovation and growth in the financial services sector[28].

Financial Performance - Operating revenues for the three months ended December 31, 2025, increased to $651.5 million, up 18.6% from $549.5 million in the same period of 2024[10] - Net income available for common stock surged to $181.6 million, compared to $45.0 million in the prior year, representing a 304.5% increase[12] - Earnings per common share (basic) rose to $1.99, a significant increase from $0.50 in the previous year[10] - The company reported an operating income of $276.1 million, a substantial increase from $86.2 million in the same quarter of the previous year[10] - Comprehensive income for the three months ended December 31, 2025, was $207.9 million, compared to a loss of $15.7 million in the prior year[12] - Net income available for common stock for the three months ended December 31, 2025, was $181,645,000, a significant increase from $44,986,000 in the same period of 2024, representing a growth of 304%[20] - Total revenues for the quarter ended December 31, 2025, were $651.5 million, a 18.6% increase from $549.5 million in the same quarter of 2024[48] - The Integrated Upstream and Gathering segment generated revenues of $323.2 million for the three months ended December 31, 2025[83] - The Utility segment reported revenues of $259.0 million for the same period, contributing to the overall revenue growth[83] Assets and Liabilities - Total assets increased to $9.21 billion as of December 31, 2025, compared to $8.72 billion at the end of September 2025, reflecting a growth of 5.6%[15] - Cash and temporary cash investments rose to $271.4 million, up from $43.2 million in the previous quarter, indicating improved liquidity[15] - Total comprehensive shareholders' equity increased to $3,587,960,000 as of December 31, 2025, compared to $3,094,604,000 as of September 30, 2025, reflecting a growth of 16%[18] - The company's total capitalization as of December 31, 2025, was $5,671,852,000, an increase from $5,477,465,000 as of September 30, 2025, showing a growth of 4%[18] - The fair market value of long-term debt was $2,695,409,000, with a carrying amount of $2,683,892,000[57] - The Company reported a decrease in current portion of long-term debt to $600,000,000 as of December 31, 2025, from $300,000,000 as of September 30, 2025, reflecting a 100% increase in current liabilities[20] Cash Flow and Investments - Net cash provided by operating activities for the three months ended December 31, 2025, was $274,921,000, up from $220,088,000 in the same period of 2024, indicating a 25% increase[20] - Capital expenditures for the three months ended December 31, 2025, were $277,631,000, compared to $240,427,000 in the same period of 2024, representing an increase of 15%[20] - The net increase in cash and cash equivalents for the three months ended December 31, 2025, was $228,232,000, compared to $10,472,000 in the same period of 2024, indicating a substantial increase[20] - Cash and cash equivalents at December 31, 2025, were $271,398,000, a significant increase from $48,694,000 at the same time in 2024[20] - The Company had $46.2 million of net hedging gains after taxes included in accumulated other comprehensive income, with $45.9 million expected to be reclassified into earnings within the next 12 months[64] Shareholder Returns - The company declared dividends per common share of $0.535, up from $0.515 in the previous year, reflecting a commitment to returning value to shareholders[10] - The balance of earnings reinvested in the business at December 31, 2025, was $2.14 billion, compared to $1.70 billion at the same time last year[10] - The Company issued 4,402,513 shares of common stock at $79.50 per share, raising net proceeds of $338.6 million for general corporate purposes, including funding an acquisition[71] Acquisitions and Growth - The Company entered into a Securities Purchase Agreement to acquire Vectren Energy Delivery of Ohio, LLC for an aggregate purchase price of $2.62 billion, expected to close in Q4 2026[43] - The acquisition will double the size of the Company's gas utility rate base and expand operations into Ohio, a state with a supportive regulatory environment[43] - The purchase price includes $1.42 billion in cash and a $1.2 billion promissory note with a 6.5% interest rate, maturing 364 days post-closing[43] Environmental and Regulatory Matters - The Company recorded a regulatory liability of $1.5 million for environmental clean-up costs as of December 31, 2025[75] - The Company has not identified any material additional exposure to environmental liabilities beyond the recorded amounts[75] - The 2024 Rate Order approved by the NYPSC includes a revenue requirement increase of $57.3 million for fiscal 2025, $15.8 million for fiscal 2026, and $12.7 million for fiscal 2027, with a return on equity of 9.7%[86] - In Pennsylvania, the 2023 Rate Order authorized an increase in annual base rate operating revenues of $23 million, with a proposed additional increase of $19.7 million effective March 29, 2026[87] Other Financial Metrics - The effective tax rate for the quarter ended December 31, 2025, was 24.6%, an increase from 19.9% in the same quarter of 2024[69] - The Company recorded a total of $9,720 thousand in net gains from derivative financial instruments for the quarter ended December 31, 2025[36] - The Company recorded an impairment charge of $33.45 million for water disposal assets in Q4 2025, following a fair market value assessment[54] - The allowance for uncollectible accounts increased to $17,504,000 as of December 31, 2025, from $28,384,000 in the same period of 2024, indicating a decrease of 38%[29]