Assets Under Management (AUM) and Flows - AUM increased by 2% to $1707 billion due to market performance and positive ETF net flows[12,14] - Average AUM decreased by 4% to $1670 billion[12] - Net outflows were ($39) billion, attributed to institutional, US retail funds, and retail separate accounts[12,17,19] - ETF AUM increased 74% year-over-year to $37 billion[17] Financial Performance - Operating income, as adjusted, was $598 million[12] - Operating margin, as adjusted, was 313%[12,33] - Earnings per diluted share, as adjusted, were $625[12,35] - Investment management fees, as adjusted, decreased by 4% primarily due to lower average AUM[25] Capital Activities and Balance Sheet - Stock repurchases totaled $30 million at an average price of $171 per share, reducing shares outstanding by 2% sequentially[12,39] - Net leverage was modest at 02x EBITDA[12,39] - Cash and investments totaled $447 million[39] Investment Performance - 41% of total AUM outperformed its benchmark over a 1-year period[41] - 57% of total AUM outperformed its benchmark over a 3-year period[41] - 65% of total mutual fund AUM outperformed peers over a 1-year period[42] - 55% of total mutual fund AUM outperformed peers over a 3-year period[42]

Q2 2025 Results July 25, 2025 www.graftech.com NYSE: EAF Today's Presenters Tim Flanagan Chief Executive Officer and President Jeremy Halford Executive Vice President, Chief Operating Officer Rory O'Donnell Chief Financial Officer and Senior Vice President Forward-Looking Statements CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This presentation and related discussions may contain forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Re ...

Financial Performance & Valuation - The company's market capitalization is $294 million[11] - The price to tangible book value is at 102%[11], suggesting an attractive entry point[14] - The company's Return on Average Tangible Common Equity (ROTCE) is 11.79%[11] - Core Net Interest Margin is 3.13%[11] Balance Sheet & Loan Portfolio - Total assets amount to $3.88 billion[11] - Total loans held for investment (HFI) are $3.13 billion[11] - Total deposits are $3.38 billion[11] - The company's Tangible Common Equity to Tangible Assets (TCE/TA) ratio is 7.63%[11] Strategic Initiatives & Growth - New and renewed loan yields are at 7.57%[20] - Customer deposits in Panacea Financial are $107 million, up 58% since Q2 2024[30]

Financial Performance - Byline's net income for 2Q25 was $30.1 million, with a diluted EPS of $0.66; adjusted EPS was $0.75[10] - Pre-Tax Pre-Provision income was $50.9 million, with a Pre-Tax Pre-Provision ROAA of 2.12%[12] - Revenue reached $110.5 million, up 7.2% quarter-over-quarter and 11.2% year-over-year[12] - The reported efficiency ratio was 52.61%, while the adjusted efficiency ratio was 48.20%[10] - Return on Average Assets (ROAA) was 1.25%, and the adjusted ROAA was 1.41%[10] - Return on Tangible Common Equity (ROTCE) was 12.83%, with an adjusted ROTCE of 14.37%[10] Balance Sheet and Portfolio Trends - Total assets were $9.7 billion[7] - Total loans and leases reached $7.4 billion, up $306.7 million or 17.5% from 1Q25[7, 18] - Total deposits amounted to $7.8 billion, an increase of $257.2 million or 13.7% from 1Q25[7, 23] - Non-interest-bearing demand deposits averaged $1.803 billion[19] - The average cost of deposits decreased by 3 bps to 2.27%[12, 23]

Financial Performance - The company reported a net loss of $0.29 per share for Q2 2025, compared to a net income of $0.18 per share in Q1 2025 [11] - Book value decreased from $7.94 in Q1 2025 to $7.21 in Q2 2025 [11] - Average MBS balances increased from $5,996 million in Q1 2025 to $6,866 million in Q2 2025 [15] - Economic leverage ratio remained constant at 7.8 in both Q1 and Q2 2025 [15] - Liquidity increased from 52.2% in Q1 2025 to 54.0% in Q2 2025 [15] Portfolio & Hedging - The company increased its allocation to 30yr 5.5%, 6.0%, and 6.5% coupons by $555 million, $145 million, and $86 million, respectively, while decreasing allocation to 30yr 4.0% and 5.0% by $334 million and $137 million, respectively [47] - Total notional balance of hedge positions was $(4,881.8) million [59] - Interest rate swaps had a notional balance of $(3,843.3) million with a weighted average pay fix rate of 3.30% [59] - The company's hedge positions covered 58% of its repo funding liability [59]

Financial Performance - The company's total Adjusted EBITDA for Q2 2025 was $336 million, compared to $328 million in Q1 2025, representing an increase of $8 million[6] - Net earnings for Q2 2025 were $87 million, with a diluted EPS of $0.12, compared to net earnings of $83 million and a diluted EPS of $0.11 in Q1 2025[8] - Adjusted Funds Available for Distribution (Adjusted FAD) for Q2 2025 was $311 million, and year-to-date Adjusted FAD was $304 million[43] Segment Performance - Real Estate, Energy & Natural Resources Adjusted EBITDA increased from $82 million in Q1 2025 to $143 million in Q2 2025, an increase of $61 million[6] - Wood Products Adjusted EBITDA decreased from $161 million in Q1 2025 to $101 million in Q2 2025, a decrease of $60 million[6] - Timberlands Adjusted EBITDA decreased from $167 million in Q1 2025 to $152 million in Q2 2025, a decrease of $15 million[6] Timberlands Key Drivers - In the West, fee harvest volumes and sales volumes were comparable between Q1 and Q2 2025, while sales realizations were comparable overall with moderately higher realizations for Japan[16] - In the South, fee harvest volumes and sales realizations were slightly higher in Q2 2025 compared to Q1 2025[16] - In the North, fee harvest volumes were significantly lower in Q2 2025 due to spring break-up conditions, while sales realizations were slightly higher[16] Real Estate, Energy & Natural Resources - Real Estate Adjusted EBITDA increased from $59 million in Q1 2025 to $113 million in Q2 2025, while Energy & Natural Resources Adjusted EBITDA increased from $23 million to $30 million[26] Wood Products Key Drivers - Lumber sales realizations decreased by 2% in Q2 2025 compared to Q1 2025[36] - Oriented Strand Board (OSB) sales realizations decreased by 12% in Q2 2025 compared to Q1 2025[36] - Engineered Wood Products (EWP) sales volumes were higher for all products, but sales realizations were lower for most products[36] Outlook - The company expects Timberlands earnings to be approximately $10 million lower in Q3 2025 compared to Q2 2025[51] - Real Estate, Energy & Natural Resources earnings are expected to be approximately $60 million lower in Q3 2025 than in Q2 2025, with Adjusted EBITDA approximately $80 million lower[51] - Wood Products earnings are expected to be comparable to Q2 2025, excluding the effect of changes in average sales realizations for lumber and oriented strand board[51]

2Q25 Results Conference Call 1 Forward Looking Statements This presentation contains forward-looking statements or information (collectively, "forward-looking statements") within the meaning of applicable securities legislation, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, except for statements of historical fact, that relate to the anticipated future activities, plans, strategies, objectives or expectati ...

Within this document, the Company reports certain non-GAAP financial measures, including: (1) adjusted operating income, adjusted net earnings, and adjusted diluted earnings per share, which exclude restructuring and other costs, including the Portfolio Optimization Plan costs, (2) percentage changes in revenue, operating income, and diluted earnings per share on an adjusted local currency basis, which eliminate the effects that result from translating its international operations into U.S. dollars and rest ...

Q2 Earnings Presentation July 24, 2025 Q2 2025 financial highlights Key Metrics Highlights $100.2 million Net income *Non-GAAP Financial Measure. 1CET1 ratio as of June 30, 2025 is preliminary. 2 DO NOT REFRESH Complementary Color Palette 000 / 000 / 051 Body text 074 / 075 / 076 $81.7 million Operating net income* | $0.50 | $0.41 | | --- | --- | | Diluted EPS | Diluted operating EPS* | | 3.59% | 1.48% | | NIM* | Total deposit cost | | 0.30% | 0.00% | | NPLs / total loans | NCOs / avg. loans | | $0.13 per s ...

Second Quarter 2025 Earnings Call Invesco Mortgage Capital Inc. July 25, 2025 John Anzalone Kevin Collins Mark Gregson David Lyle Brian Norris Chief Executive Officer President Chief Financial Officer Chief Operating Officer Chief Investment Officer Cautionary Notice Regarding Forward-Looking Statements 2 Q2 2025 Results | Financial Results | | | | | Investment Allocation | | --- | --- | --- | --- | --- | --- | | | Q2 25 | Q1 25 | | | | | Net income (loss) per common share | ($0.40) | $0.26 | | | | | Earnin ...