Financial Performance Highlights - Net income increased significantly to $6.8 million in Q3'25, a 180% increase QoQ and a 456% increase YoY[15] - Diluted EPS also saw substantial growth, reaching $0.28 in Q3'25, reflecting a 180% increase QoQ and a 464% increase YoY[15] - Tangible book value per share increased to $11.71 in Q3'25, a 2% increase QoQ and a 1% increase YoY[15] - Core net interest margin improved to 3.15% in Q3'25, a 3 bps increase QoQ and a 35 bps increase YoY[15] - Return on Average Tangible Common Equity reached 9.45% in Q3'25, a 604 bps increase QoQ and a 771 bps increase YoY[15] Balance Sheet and Loan Portfolio - Total loans by division: Core Bank accounts for $2.286 billion (67%), Mortgage Warehouse $327 million (10%), Panacea $548 million (16%), Life Premium Finance $140 million (4%), and Consumer Program $101 million (3%)[35] - Total deposits by division: Core Bank holds $2.133 billion (64%), Digital $1.036 billion (31%), Panacea $133 million (4%), and Mortgage Warehouse $34 million (1%)[35] - Panacea's deposits outstanding at Q3'25 were $133 million, up 19% from the previous quarter[26] Mortgage Warehouse Division - The mortgage warehouse division had an ending Q3 balance of $327 million[19] - The mortgage warehouse division's yields are structured to give the bank around 75 to 100 bps over the note rate[19]

Q2FY26 RESULTS UPDATE Dr. Reddy's 24 OCTOBER 2025 1 | September 2025 | Investor Presentation | As per consolidated financial statements under IFRS Safe Harbor Statement This presentation contains forward-looking statements and information that involve risks, uncertainties and assumptions. Forward-looking statements are all statements that concern plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements that are other than statements of historical fac ...

Q3 2025 Financial Highlights - Revenue increased to $4.1 billion, a 2% increase compared to Q3 2024[6] - Organic revenue grew by 1%[6] - Operating income increased by 6% to $1.11 billion[6] - Operating margin improved by 90 bps to 27.4%[6] - GAAP EPS increased by 6% to $2.81[6] - Free cash flow conversion rate was 110%[10] Segment Performance - Automotive OEM revenue increased by 7% to $830 million, with a 240 bps increase in operating margin to 21.8%[14] - Food Equipment revenue increased by 3% to $694 million, with a 80 bps increase in operating margin to 29.2%[17] - Welding revenue increased by 3% to $477 million, with a 30 bps increase in operating margin to 32.6%[23] 2025 Financial Guidance - The company expects GAAP EPS to be in the range of $11.71[32] - The company expects organic revenue to grow by 1-3%[32] - The company expects free cash flow conversion to be approximately 100%[32] - Share repurchases of ~$1.5 billion[36]

Financial Performance - Net income was $37.2 million, with diluted EPS at $0.82[10] - Pre-Tax Pre-Provision income reached $55.2 million, resulting in a Pre-Tax Pre-Provision ROAA of 2.25%[10] - Net interest income increased by 4.1% to $99.9 million[10] - Non-interest income increased by 9.5% to $15.9 million[37] Balance Sheet & Capital - Total assets reached $9.8 billion[7] - Total loans & leases amounted to $7.5 billion[7] - Total deposits were $7.8 billion[7] - Tangible common equity stood at $1.0 billion[7] - Common Equity Tier 1 was 12.15%[10] - TCE/TA ratio was 10.78%, up 39 bps[10]

Transaction Overview - Nicolet will acquire MidWestOne in a 100% stock transaction with a fixed exchange ratio of 03175x Nicolet shares for each MidWestOne share[13] - The aggregate consideration is valued at $8641 million, or $4137 per MidWestOne share, representing a 452% market premium[13] - Pro forma ownership will be approximately 691% for Nicolet and 309% for MidWestOne[13] Financial Impact - The transaction is expected to be ~37% accretive to Nicolet's fully-phased 2026E GAAP EPS[9] - Nicolet anticipates a fully-phased 2026E ROATCE of ~23%[9] - The pro forma CET1 ratio at closing is projected to be 106%, requiring no additional capital to support the transaction[9] - The transaction is expected to result in approximately 1% tangible book value per share dilution, with a very short earnback period of ~01 year[9, 25] Strategic Rationale - The acquisition will create a ~$15 billion+ asset bank, enhancing scale and positioning the company for significant growth across the Upper Midwest region[9] - The combined company is expected to enhance existing top quartile/decile financial operating metrics versus peers[9] - Nicolet will immediately solidify its position as a top 5 bank by deposit market share across the state of Iowa and accelerates growth trajectory in Minneapolis-St Paul MSA by adding $1 billion+ of deposits to existing network[9] - The acquisition adds ~$34 billion+ of wealth management AUA across new markets, resulting in $9 billion+ AUA for the combined company[9] Pro Forma Financials - At closing, the pro forma company is expected to have $157 billion in total assets, $113 billion in total loans, $133 billion in total deposits, and $28 billion in market capitalization[12]

Financial Performance - Baker Hughes reported strong 3Q 2025 results, with revenues of $7010 million, a 1% increase compared to 2Q 2025 and 1% increase year-over-year[25] - Adjusted EBITDA for 3Q 2025 was $1238 million, up 2% from 2Q 2025 and up 2% year-over-year, with an adjusted EBITDA margin of 177%, a 10 bps increase sequentially and a 20 bps increase year-over-year[25] - Adjusted diluted EPS was $068 per share, a 9% increase compared to 2Q 2025 and a 3% increase year-over-year[25] - Free cash flow was $699 million, a 192% increase compared to 2Q 2025 and a (7)% decrease year-over-year[25] Orders and Growth - Total orders reached $8207 million, showing a 17% increase compared to 2Q 2025 and a 23% increase year-over-year[25] - Industrial & Energy Technology (IET) orders were $4139 million, up 17% sequentially and 44% year-over-year, driven by LNG equipment and power generation awards[6, 31] - Subsea and Surface Pressure Systems (SSPS) orders hit a record $12 billion, boosted by subsea tree awards in Brazil and Turkiye[6] - New energy orders year-to-date reached $16 billion, hitting the high end of the 2025 order guidance range[16] Segment Performance - IET revenue was $3374 million, up 2% sequentially and 15% year-over-year, with an EBITDA of $635 million, up 9% sequentially and 20% year-over-year, and an EBITDA margin of 188%[31] - Oilfield Services & Equipment (OFSE) revenue was $3636 million, up 1% sequentially and down (8)% year-over-year, with an EBITDA of $671 million, down (1)% sequentially and (12)% year-over-year, and an EBITDA margin of 185%[34] Guidance - The company provided 4Q 2025 revenue guidance of $6650 - $7450 million and adjusted EBITDA guidance of $1145 - $1365 million[37] - Full year 2025 revenue guidance is $27000 - $27800 million and adjusted EBITDA guidance is $4630 - $4850 million[37]

Financial Performance & Guidance - Q3 2025 consolidated net sales totaled $6552 million, an 8% increase compared to Q3 2024[7] - Core Gentex net sales (excluding VOXX) totaled $5703 million in Q3 2025[7] - Core Gentex gross margin (excluding VOXX) was 349%, an increase of 140 basis points compared to 335% in Q3 2024[7] - 2025 consolidated revenue guidance is $25 - 26 billion with a gross margin of 335 - 34%[10] - 2025 Gentex stand-alone revenue guidance (primary markets) is $214 - 215 billion, with $135 - 145 million from China[13] Capital Allocation - 10 million shares were repurchased during the quarter, totaling $283 million[7] - Year-to-date return to shareholders as of October 24, 2025, is $3374 million[16] Market & Production - 2025 light vehicle production (LVP) volumes are down approximately 1% in primary markets, with North America down 2%[17] - Q4 2025 is expected to see a 4% decline in LVP compared to Q4 2024[17] - 2026 expects a 3% decline in North America, -4% in Japan/Korea, and flat EU production[17] Product & Growth - Full Display Mirror (FDM) volume in 2024 reached 296 million[24] - The company's products are launched on 130+ vehicle models across 22 different brands[26]

Transaction Overview - Federated Hermes, Inc (FHI) will acquire 80% of FCP Fund Manager, L.P (FCP) for $239 million upfront, consisting of $215.8 million in cash and $23.2 million in FHI shares [50] - There is a potential earnout consideration of up to $92 million based on achieving certain performance thresholds [50] - FHI will have the option to purchase, and Management Company Sellers will have the option to sell the remaining interest in FCP after five years through a Put/Call agreement [50] Financial Impact - FCP's expected 2025 revenue is approximately $59 million and EBITDA is approximately $30 million [50] - The upfront consideration represents 9.9x 2025 projected EBITDA less 20% minority interest [50] - The transaction is expected to be accretive to EPS, with FY2027E accretion of approximately $0.13 per share [52] - The transaction is expected to close in the first half of 2026 [50] Strategic Rationale - The acquisition significantly expands FHI's U S based private markets investment presence [10] - FCP has $3.8 billion in AUM as of June 30, 2025, which will anchor FHI's private markets growth initiative [10, 15] - FCP has invested in or financed more than $14.6 billion of residential and commercial real estate in gross asset value since inception [20, 36]

Financial Highlights - Net income available to common stockholders was $36.1 million[4], or $0.57 per diluted share[4] - Return on average assets was 0.98%[4] and return on average equity was 6.62%[4] - PlainsCapital Bank reported net income of $54.7 million[5] - Hilltop Securities generated pre-tax income of $26.5 million[5] with a pre-tax margin of 18.3% on total net revenues of $144.5 million[5] Balance Sheet and Capital Management - Tangible book value per share increased to $35.69 as of September 30, 2025[7] - Common Equity Tier 1 Risk-Based Ratio was 20.33% as of September 30, 2025[7] - Hilltop returned $66.3 million to stockholders in Q3 2025 through dividends ($11.2 million) and share repurchases ($55.1 million)[9] PlainsCapital Bank Performance - Bank net interest margin rose from 3.16% in Q2 2025 to 3.23% in Q3 2025[5] - Average bank loans HFI increased by $74 million, or 1.0%, from Q2 2025[5] - Average bank deposits decreased by $132 million, or 1.2%, from Q2 2025[5] - PlainsCapital Bank recorded a reversal of credit loss reserves of $2.6 million[5] Mortgage Operations - PrimeLending incurred a $7.2 million pre-tax loss during Q3 2025[5] - Origination volume was $2.3 billion, a decrease of $136 million or 5.6% from Q2 2025[5] - Gain on sale of loans sold to third parties increased 6 basis points from Q2 2025 to 239 basis points[5] Noninterest Income and Expense - Consolidated noninterest income increased by $20.2 million from Q3 2024 to Q3 2025[5] - Noninterest expenses decreased by $2.4 million, or 2.9%, from Q3 2024 to Q3 2025[5] Asset Quality - Allowance for credit losses totaled $95.2 million, representing 1.16% of total loans[16] - ACL % of Loans HFI excluding broker-dealer margin loans and mortgage warehouse loans equated to 1.25% as of September 30, 2025[17] 2025 Outlook - The company anticipates full year average bank loan growth of 0%-2% excluding mortgage related loans[52] - The company anticipates full year average deposit growth of 0%-2%[52] - The company anticipates net interest income to increase 2%-4% driven by deposit costs[52]

Third-Quarter 2025 Financial Highlights - Third-quarter 2025 revenue was $1290 million [6] - Third-quarter 2025 diluted earnings per share was $109 [6] - Third-quarter 2025 total backlog was $92634186 million [6] - Third-quarter 2025 free cash flow was $163 million [6] Year-to-Date 2025 Financial Highlights - Year-to-date 2025 revenue was $38117 million [8] - Year-to-date 2025 diluted earnings per share was $1129 million [8] - Year-to-date 2025 total backlog was $92634186 million [8] - Year-to-date 2025 free cash flow was $3007 million [8] Aerospace - Third-Quarter 2025 Highlights - Aerospace third-quarter 2025 revenue increased to $3234 million, up 30% [10, 11] - Aerospace third-quarter 2025 operating earnings increased to $430 million, up 41% [10, 11] Combat Systems - Third-Quarter 2025 Highlights - Combat Systems secured $1700 million in awards for munitions, ordnance, and propellant [14]