Financial Performance - Earnings per share (EPS) reached $1.16[7] - Total core revenues amounted to $184 million[7], showing an increase from $182 million in the previous quarter (2Q25)[15] - Net Interest Margin (NIM) stood at 5.24%[7] - Return on Average Assets (ROAA) was 1.69%[20] - Return on Average Tangible Common Equity (ROATCE) was 16.39%[21] Balance Sheet & Capital Strength - Total assets reached $12.2 billion[7] - Customer deposits totaled $9.8 billion[7] - Loans held for investment were $8.1 billion[7] - New loan production reached $623.9 million[7] - The Common Equity Tier 1 (CET1) ratio was 14.13%[7] - Stock buyback involved 477,641 common shares[7]

Financial Performance & Growth - Lithia & Driveway (LAD) achieved a 10-year Revenue Compound Annual Growth Rate (CAGR) of 16%[10, 14] - LAD's Adjusted Earnings Per Share (EPS) increased by 494% from 2015 to YTD 2025[10] - Revenue per share grew by 507% from 2015 to YTD 2025[10] - Total Shareholder Return increased by 273% from 2015 to YTD 2025[12] - The company aims for $2 EPS per $1 billion of Revenue[15] Strategic Goals & Market Position - LAD targets 100% national coverage[11] - The company operates within a $3 trillion+ market[14, 21] - LAD's platform provides access to a 70% larger market than traditional franchise auto dealers[22] - Driveway Finance Corporation (DFC) portfolio size is projected to reach $17 billion in the long-term[50] Operational Efficiency & Capital Allocation - LAD is improving operating efficiency, targeting SG&A as a percentage of gross profit in the mid-50% range in the long term[17, 27] - In the first nine months of 2025, the company allocated $662 million to share repurchases at an average price of $313 per share[36] - LAD's capital allocation strategy directs capital towards growth and expansion[36]

Financial Performance - Winnebago Industries' Q4 net revenues increased by 7.8% to $777.3 million compared to $720.9 million in F24 Q4[32, 33] - The company's adjusted diluted EPS increased to $0.71 compared to $0.28 in F24 Q4[32, 33] - The gross margin decreased slightly by 30 bps compared to F24 Q4, landing at 12.8%[32, 33] - Free cash flow was $171.2 million in Q4, compared to $29.5 million in the same quarter of the previous year[76] Segment Results - Towable RV segment net revenues decreased by 3.4% to $306.3 million, but operating income increased by 38.3% to $21.4 million[35, 36, 37, 38] - Motorhome RV segment net revenues increased by 17.3% to $361.2 million, but operating income decreased to $(0.3) million[42, 43, 44, 45] - Marine segment net revenues increased by 17.9% to $94.9 million, with operating income increasing to $6.7 million[49, 50, 51, 52] Market Position and Outlook - Barletta achieved the No 3 position in the U S Aluminum Pontoon Market with a 9.0% market share in F25[24] - The company anticipates total wholesale RV shipments of 320,000 – 340,000 units in CY25 and 315,000 – 345,000 units in CY26[17] - Winnebago Industries projects FY26 net revenues between $2.75 billion and $2.95 billion, with a midpoint of $2.85 billion, representing a 2% increase from FY25[67]

Financial Performance - KREF reported a 3Q 2025 Net Income of $0.12 per diluted share[9] - The company's 3Q 2025 Distributable loss was ($0.03) per diluted share, which includes a realized loss of $14 million, or ($0.22) per diluted share[9] - Book Value per Share (BVPS) was $13.78, including a CECL allowance of $160 million, representing 302 basis points of loan principal balance as of September 30, 2025[9] - Net interest income for 3Q'25 was $25.3 million[10] Portfolio Activity - KREF originated and funded $132 million and $68 million, respectively, relating to two floating-rate loans[9] - The company received $480 million in loan repayments[9] - Multifamily and industrial assets represent 58% of the loan portfolio[9] Liquidity and Capitalization - Available liquidity totaled $933 million, including $204 million in cash and $700 million of undrawn capacity on the corporate revolver[9] - KREF upsized the secured term loan from $549 million to $650 million and reduced the spread by 0.75% to S+2.50%[9] - 77% of secured financing is fully non-mark-to-market, with the remaining balance mark-to-credit only[9] Financing - Diversified financing sources totaled $7.7 billion with $3.1 billion of undrawn capacity[9, 40]

Financial Performance - The company's total sales volumes reached 634 Bcfe with an average realized price of $2.76 per Mcfe in 3Q25 [8] - Adjusted EBITDA attributable to EQT was $1200 million in 3Q25 [8] - Free cash flow attributable to EQT was $484 million in 3Q25 [8] - Capital expenditures amounted to $618 million in 3Q25 [8] - Cumulative free cash flow outperformance vs consensus was approximately $600 million over the past four quarters [13, 15] Operational Efficiency and Integration - Capital spending was 10% below the mid-point of guidance due to efficiency gains and midstream cost optimization [9] - Per unit operating costs were 7% below the mid-point of guidance due to lower gathering, LOE, and SG&A expenses [9] - The company achieved operational integration of Olympus upstream and midstream assets in 34 days [9, 19] - Drilling of two deep Utica wells was ~30% faster than Olympus' historic performance, saving >$2 million per well [9, 19] Strategic Initiatives and Market Positioning - Increased dividend by 5%, with a compounded annual dividend growth rate of ~8% since 2022 [9] - Expansion capacity of MVP Boost upsized by 20% to 600 MDth/d due to robust utility demand [9, 33] - Signed LNG offtake agreements for 4.5 million tonnes per annum (MTPA) with Sempra, NextDecade, and Commonwealth LNG beginning in 2030-2031 [9]

Financial Performance Highlights - Net income available to common shareholders was $97.9 million in 3Q25[9], compared to $96.6 million in 2Q25[9] - Operating net income available to common shareholders reached a record of $101.3 million, or $0.55 per diluted share in 3Q25[9, 11] - The return on average assets (ROAA) was 1.25% in 3Q25, consistent with 2Q25[9, 12] - The operating return on average tangible common equity was 15.79% in 3Q25, compared to 16.26% in 2Q25[9, 12] - The efficiency ratio was 56.5% in 3Q25, improving from 57.1% in 2Q25[9, 12] Income Statement Summary - Net interest income was $264.2 million in 3Q25, an increase of $9.3 million compared to 2Q25[12] - Non-interest income before investment securities gains (losses) was $70.4 million in 3Q25, up $1.3 million from 2Q25[12] - Total non-interest expense was $196.6 million in 3Q25, an increase of $3.8 million compared to 2Q25[12] Net Interest Income and Margin - Net interest margin (NIM) was 3.57% in 3Q25, increasing by 10 basis points compared to 2Q25[21] - Loan yield was 5.93% in 3Q25, an increase of 7 basis points compared to 2Q25[21] - Total cost of deposits was 1.96% in 3Q25, a decrease of 2 basis points compared to 2Q25[21] Balance Sheet and Capital - Tangible capital increased by $90 million linked quarter, net of share repurchases[40] - Accumulated other comprehensive income (AOCI) ended the quarter at ($228) million[40] - $85.6 million remaining share repurchase authorization in place through December 31, 2025[40] 2025 Operating Guidance - Non-FTE Net Interest Income (NII) is expected to be in the range of $1.025 - $1.035 billion[41] - Provision for Credit Losses is expected to be in the range of $45 - $55 million[41] - Non-Interest Income is expected to be in the range of $270 - $280 million[41] - Operating Non-Interest Expense is expected to be in the range of $750 - $760 million[41]

3rd Quarter 2025 Financial Review October 22, 2025 Forward-Looking Statements These materials contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"), Section 27A of the Securities Act of 1933 and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934 and Rule 3b-6 promulgated thereunder, notwithstanding that such statements are not specifically identified as such. In addition, certain statements may ...

Financial Performance Highlights - Net revenue for 3Q25 reached $1429 million, with Year-To-Date (YTD) revenue at $3969 million[4] - GAAP net earnings for 3Q25 were $202 million ($1.84 EPS), and non-GAAP net earnings were $214 million ($1.95 EPS)[4] - Year-to-date GAAP net earnings reached $391 million ($3.56 EPS), while non-GAAP net earnings were $454 million ($4.13 EPS)[4] - The company's book value per share is $49.74, with a tangible book value per share of $34.99[4] Global Wealth Management (GWM) - GWM net revenue for 3Q25 was $907 million, a 10% increase year-over-year[15] - Transactional revenue within GWM reached $203 million, up 5% year-over-year[20] - Asset management revenue in GWM was $431 million, a 13% increase year-over-year[20] - Total client assets in GWM reached $544010 million, a 10% increase year-over-year[22] Institutional Group - Institutional Group revenue for 3Q25 was $500 million, a 34% increase year-over-year[15] - Advisory revenue within the Institutional Group was $179 million, up 31% year-over-year[36] - Capital raising revenue in the Institutional Group was $138 million, a 38% increase year-over-year[36] Expenses and Capital - Compensation expense for 3Q25 was $829 million, a 17% increase year-over-year[43] - Non-compensation expense for 3Q25 was $298 million, a 7% increase year-over-year[43]

Financial Performance - Revenue decreased by 5% year-over-year to $1.4 billion[8] - Segment profit increased by 2% year-over-year to $310 million[8] - Adjusted EPS increased by 4% year-over-year to $6.98[8] - Operating cash flow was $301 million, a decrease of $151 million year-over-year[8] Segment Results - Home Comfort Solutions revenue decreased by 12% to $913 million[18], and segment profit decreased to $203 million[18] - Building Climate Solutions revenue increased by 10% to $514 million[23], and segment profit increased to $134 million[23] Guidance and Outlook - Full year adjusted EPS guidance is $22.75 - $23.25[8] - 2025 Capital Expenditures are expected to be approximately $150 million[34] - Net Debt to Adjusted EBITDA ratio is 0.8x[8] Strategic Initiatives - The company is focused on ROI-focused investments for growth[32] - Share repurchases year-to-date totaled approximately $350 million[33] - The company acquired Duro Dyne and Supco for approximately $550 million[10]

Financial Performance (Q3 2025) - Net interest income reached $20.5 million, with a net interest spread of 2.94%[16] - Adjusted pre-provision net revenue was $10.6 million[16] - Adjusted net income totaled $8.8 million, resulting in adjusted diluted earnings per share of $0.94[16] - Adjusted return on average assets was 1.47%, and adjusted return on tangible equity was 17.66%[16] Merger and Acquisition - The company has filed all required applications with regulatory authorities for approval of the merger with PB Bankshares, Inc ("PBBKˮ)[6, 13] - The proposed merger transaction will be submitted to the shareholders of PBBK for their consideration[13] Balance Sheet and Portfolio - Total assets reached $2.4 billion[19] - Total gross loans amounted to $1.8 billion[19] - Total deposits totaled $2.1 billion[19] Credit Quality - Non-performing loans to total loans was 0.36% YTD[29] - Net charge-offs to total loans was 0.07% YTD[29] Deposit Composition - Non-interest bearing demand deposits account for 21% of the total deposit portfolio[31] - Interest bearing demand deposits account for 17% of the total deposit portfolio[31]