Financial Performance Highlights - Net income for the first nine months of 2025 reached a record of $6008 million, an increase of $911 million or 18% compared to the same period in 2024[10, 13, 14] - Diluted EPS for the first nine months of 2025 was $825, up $058 or 8% from the same period in 2024[10, 13, 14] - Net interest income for the first nine months of 2025 reached a record $16 billion, an increase of $2028 million or 14% compared to the same period in 2024[10, 13, 14] - Pre-tax, pre-provision income for the first nine months of 2025 was $8841 million, an increase of $1061 million or 14% compared to the same period in 2024[10, 13] - Total assets reached $696 billion, an increase of $58 billion or 9%[10, 13] - Total loans increased by $50 billion or 11% to $521 billion[10, 13, 14] - Total deposits increased by $53 billion or 10% to $567 billion[10, 13] Balance Sheet and Capital Strength - Tangible book value per common share (non-GAAP) increased to $8539 as of September 30, 2025[10, 13, 14, 43] - The company's capital levels are well in excess of regulatory thresholds[36, 39] - Investment portfolio at 13% of total assets as of September 30, 2025[39] Loan and Deposit Portfolio - Total loans increased by approximately $10 billion in Q3 2025, or 8% annualized[16, 31] - Total deposits increased by approximately $8946 million in Q3 2025, or 6% annualized[16, 35]

Third Quarter 2025 Earnings Conference Call October 21, 2025 1 Safe Harbor Statement Statements in this presentation which are not historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include discussions of the strategic plans and objectives or anticipated future performance and ...

Financial Performance - Lockheed Martin reported sales of $18.6 billion[8] and a segment operating profit of $2.0 billion[8] for the third quarter of 2025[8] - The company's book-to-bill ratio was 1.7x[8] - Free cash flow was $3.3 billion[8] - The company returned value to shareholders through $1.0 billion in share repurchases and $0.8 billion in dividends[8] Segment Results - Aeronautics sales increased by 12% to $7.256 billion[11, 12], with operating profit increasing 3% to $682 million[13, 15] - Missiles & Fire Control sales increased by 14% to $3.624 billion[18, 19], with operating profit increasing 12% to $510 million[19] - Rotary & Mission Systems sales were comparable at $4.373 billion[21, 22], with operating profit increasing 5% to $506 million[22] - Space sales increased by 9% to $3.356 billion[24, 25], with operating profit increasing 22% to $331 million[26] 2025 Outlook - The company updated its full-year sales guidance to $74.25 billion - $74.75 billion[29], representing a 5% year-over-year growth[29] - Diluted EPS guidance was updated to $22.15 - $22.35[29] - Free cash flow is expected to be approximately $6.6 billion[29] - Share repurchases are projected to be around $3.0 billion[29]

2 • During the course of this presentation, management may make forward-looking statements regarding financial performance and future events. • These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "forecast," "outlook," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," or the negative thereof or variations thereon or similar expressions generall ...

Forward Looking Statements Certain statements contained in this presentation as well as other information provided from time to time by Badger Meter, Inc. (the "Company") or its employees, may contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those statements. The words "anticipate," "believe," "estimate," "expect," "think," "should," "could" and "objective" or similar expressions are intended to identify forward looking stateme ...

Company Overview - Kearny Financial Corp (KRNY) has total assets of $7.7 billion[19], total loans of $5.8 billion[19], total deposits of $5.7 billion[19], and total capital of $0.7 billion[19] - The company's market capitalization is $425.3 million[19] and the tangible book value (TBV) per share is $9.77[19] - The company operates 43 full-service branches across 12 counties in New Jersey and the New York metro area, with plans to consolidate three branches to 40 by October 2025[23] Financial Performance - The company experienced growth in net interest income throughout fiscal year 2025, increasing from $32.446 million in Q1 to $35.843 million in Q4[33] - Net income also increased from $6.092 million in Q1 to $9.941 million in Q4[35] - The net interest margin improved from 1.80% in Q1 to 2.00% in Q4[33] Credit Risk Management - The company's cumulative charge-offs between 2006 and 2025 totaled $39.8 million[38] - The company maintained an average annual net charge-off rate of nine basis points between 2006 and 2025, compared to 48 basis points for all commercial banks (US banks not among the top 100)[38] Strategic Initiatives - The company aims to deepen client relationships through personalized cross-selling and targeted digital outreach[41] - The company intends to build a stable, low-cost funding base to reduce reliance on higher-cost alternatives[43] - The company plans to expand into new and adjacent markets to diversify lending opportunities[45] Operational Efficiency - The company is deploying real-time KPI dashboards for advanced performance tracking[49] - The company is automating workflows with RPA and AI and unifying processes via top automation platforms[53] Kearny Investment Services - Kearny Investment Services has generated $8.7 million in gross revenue since inception[55] - The investment services team manages $369 million in assets under administration[55]

Financial Performance & Profitability - Mercantile achieved a 20% quarter-over-quarter EPS growth, with EPS reaching $1.46 in 3Q25 compared to $1.22 in 3Q24[11] - The company reported a Return on Average Assets (ROAA) of 1.50% and a Return on Average Equity (ROAE) of 14.72% in 3Q25[11] - Mercantile maintained a stable net interest margin of 3.50% in 3Q25, slightly down from 3.52% in 3Q24, despite a lower interest rate environment[11] - Tangible book value per share increased by 13% to $37.41 at the end of 3Q25, compared to $33.07 at the end of 3Q24[11] Loan & Deposit Portfolio - Commercial loans contracted by 7% (annualized) in 3Q25, attributed to large and anticipated paydowns[11] - Total deposits grew by 9% (annualized) in 3Q25[11] - The loan-to-deposit ratio decreased to 96% at the end of 3Q25, compared to 102% at the end of 3Q24[11] Asset Quality & Capital - The nonperforming assets to total assets ratio was 0.16% at the end of 3Q25[11] - Net loan charge-offs to average loans were (0.05)% annualized in 3Q25[11] - The CET1 capital ratio was 11.4% at the end of 3Q25, up from 10.5% at the end of 3Q24[11] Strategic Initiatives & Outlook - The company expects loan growth between 5% and 7% (annualized) for the fourth quarter[92] - Mercantile anticipates a net interest margin between 3.40% and 3.50% for the fourth quarter[92] - The acquisition of Eastern Michigan Financial Corporation (EFIN) is expected to close in Q4 2025, projecting approximately 11% fully phased-in GAAP EPS accretion[127, 129]

Financial Performance - Q3 organic sales increased by 5% year-over-year[12] - Segment operating margin rate expanded to 123%[12] - Q3 2025 Diluted EPS increased by 10% from $700 to $767[23] Guidance and Outlook - The company expects 2025 sales of $417 billion to $419 billion[12] - MTM-adjusted EPS guidance increased by $065 to a range of $2565 to $2605[12] - The company reaffirms free cash flow range of $31 billion to $35 billion for 2026[35] Segment Performance - Aeronautics Systems sales increased by 6% from $2961 million to $3142 million[15] - Defense Systems organic sales increased by 19% from $1730 million to $2059 million[15] - Mission Systems sales increased by 10% from $2823 million to $3093 million[15] - Space Systems sales decreased by 6% from $2870 million to $2698 million[15] - Defense Systems segment operating income increased by 46% from $160 million to $234 million[19] - Mission Systems segment operating income increased by 32% from $390 million to $515 million[19]

Financial Performance - Q3 2025 adjusted diluted EPS reached $2.24[12], while YTD adjusted diluted EPS reached $5.83[14] - Q3 2025 net revenues totaled $10.8 billion[12], and YTD net revenues reached $30.3 billion[14] - The company is raising its adjusted diluted EPS forecast to $7.46-$7.56, including a $0.10 favorable currency impact[75] - The company is raising its operating cash flow forecast to over $11.5 billion[75] Smoke-Free Products (SFP) Growth - SFP expansion continues, now in 100 markets[5] - Q3 2025 total shipment volume was 204.9 billion units, with smoke-free products accounting for 46.9 billion units, a 16.6% increase vs PY[20] - YTD September 2025 total shipment volume was 592.7 billion units, with smoke-free products accounting for 134.8 billion units, a 14.3% increase vs PY[20] - VEEV volumes increased by 91% vs PY in Q3 2025[45] Regional Performance - Europe Q3 2025 IQOS, ZYN & VEEV shipment growth was +13%[48] - In Japan, PMI HTU adjusted share of market in Q3 2025 was 31.7%, a +1.8 percentage point increase vs PY[50] - In the U S, ZYN Nielsen retail value share reached 66.8% in Q3 2025[54] ZYN Performance - Global ZYN markets increased by 36% vs PY[43] - U S ZYN volumes increased by 37% vs PY[43] - International Nicotine Pouch Volumes increased by 27% vs PY[43]

2025 Third Quarter Earnings (unaudited) Bill Brown Anurag Maheshwari Chief Financial Officer Throughout this presentation, "earnings per share" or "EPS" references are based on 3M EPS from continuing operations. This presentation refers to certain non-GAAP financial measures. Refer to 3M's October 21, 2025, press release for descriptions of non-GAAP financial measures such as adjusted net sales (and adjusted sales change); adjusted purchases of property, plant and equipment (also referred to as adjusted cap ...