Webster Reports First Quarter 2026 EPS of $1.50; Adjusted EPS of $1.57

Webster Reports First Quarter 2026 EPS of $1.50; Adjusted EPS of $1.57 STAMFORD, Conn.--( BUSINESS WIRE)--Webster Financial Corporation (“Webster”) (NYSE: WBS), the holding company for Webster Bank, N.A., today announced net income applicable to common stockholders of $239.3 million, or $1.50 per diluted share, for the quarter ended March 31, 2026, compared to $220.4 million, or $1.30 per diluted share, for the quarter ended March 31, 2025.

First quarter 2026 results include Transaction expenses, strategic restructuring costs, and a benefit related to the FDIC special assessment. Excluding these items, adjusted earnings per diluted share would have been $1.57 1 for the quarter ended March 31, 2026.

On February 3, 2026, Webster entered into a transaction agreement with Banco Santander, S.A. (“Banco Santander”), under which Banco Santander will acquire Webster in a cash and stock transaction (the “Transaction”).

“Webster’s financial results reflect our colleagues’ commitment to execution amidst a dynamic economic environment,” said John R. Ciulla, Chairman and Chief Executive Officer. “Our proposed transaction with Banco Santander will enhance our ability to support our clients and the communities we serve, while unlocking new opportunities for growth. We are making significant progress planning for the integration of two highly complementary banking organizations.”

Highlights for the first quarter of 2026:

“Webster’s distinctive franchise continues to produce strong profitability, capital generation, and growth,” said Neal Holland, Senior Executive Vice President and Chief Financial Officer. “Loans, deposits, and tangible book value per share exhibited solid growth both linked-quarter and year-over-year.”

1 See “Non-GAAP to GAAP Reconciliations” section beginning on page 20.

2 Total revenue reflects the sum of Net interest income and Non-interest income.

3 Presented as preliminary for March 31, 2026.

Under the terms of the transaction agreement, Webster’s common stockholders will receive $48.75 in cash and 2.0548 Banco Santander ordinary shares, which will be delivered in the form of American Depository Receipts, for each Webster share. The completion of the Transaction is subject to customary conditions, including the receipt of Webster stockholder approval and required regulatory approvals, and is anticipated to close in the second half of 2026. In light of the proposed Transaction with Banco Santander, Webster will no longer provide a forward-looking financial outlook.

Consolidated financial performance:

Quarterly net interest income compared to the first quarter of 2025:

Quarterly provision for credit losses:

Quarterly non-interest income compared to the first quarter of 2025:

Quarterly non-interest expense compared to the first quarter of 2025:

Quarterly income taxes compared to the first quarter of 2025:

Investment securities:

Loans and leases:

Asset quality:

Deposits and borrowings:

Capital:

1 See “Non-GAAP to GAAP Reconciliations” section beginning on page 20.

2 Presented as preliminary for March 31, 2026, and actual for the remaining periods.

Reportable segments:

Commercial Banking

Webster’s Commercial Banking segment delivers financial solutions nationally to a wide range of companies, investors, government entities, and other public and private institutions. Commercial Banking helps its clients achieve their business and financial goals with expertise in Commercial Real Estate, Middle Market, Sponsor and Specialty Finance, Verticals and Regional Banking, Asset Based Lending and Commercial Services, and Treasury Management. Commercial Banking’s Private Banking team also pairs holistic wealth solutions, including tailored lending, with commercial banking services. At March 31, 2026, Commercial Banking had $44.4 billion in loans and leases and $17.8 billion in deposits, as well as a combined $2.8 billion in assets under administration (“AUA”) and assets under management (“AUM”).

Commercial Banking Operating Results:

Percent

Three months ended March 31,

Favorable/

(In thousands)

2026

2025

(Unfavorable)

Net interest income

326,977

319,123

2.5

Non-interest income

32,169

28,958

11.1

Operating revenue

359,146

348,081

3.2

Non-interest expense

118,321

106,582

(11.0

)

Pre-tax, pre-provision net revenue

240,825

241,499

(0.3

Percent

March 31,

Increase/

(In thousands)

2026

2025

(Decrease)

Loans and leases

44,387,462

40,790,670

8.8

Deposits

17,839,627

16,572,502

7.6

AUA / AUM (off-balance sheet)

2,775,639

2,957,462

(6.1

)

Pre-tax, pre-provision net revenue decreased $0.7 million, to $240.8 million, in the quarter as compared to a year ago. Net interest income increased $7.9 million, to $327.0 million, primarily driven by higher average loan and deposit balances, partially offset by a lower net spread on loans and leases. Non-interest income increased $3.2 million, to $32.2 million, primarily driven by increased client hedging activity and direct investment gains, partially offset by lower loan syndication and prepayment fees. Non-interest expense increased $11.7 million, to $118.3 million, primarily driven by higher compensation and benefits costs, increased investments in technology and operational process improvements, and higher loan workout expenses.

Healthcare Financial Services

Webster’s Healthcare Financial Services segment includes HSA Bank and Ametros. HSA Bank is one the country’s largest providers of employee benefits solutions, including being one of the leading bank administrators of health savings accounts, emergency savings accounts, and flexible spending account administration services in 50 states. Ametros, the nation’s largest professional administrator of medical insurance claim settlements, helps individuals manage their ongoing medical care through their CareGuard service and proprietary technology platform. At March 31, 2026, Healthcare Financial Services had $17.2 billion in total footings, comprising $10.7 billion in deposits and $6.5 billion in AUA through linked investment accounts.

Healthcare Financial Services Operating Results:

Percent

Three months ended March 31,

Favorable/

(In thousands)

2026

2025

(Unfavorable)

Net interest income

100,033

96,361

3.8

Non-interest income

34,222

29,390

16.4

Operating revenue

134,255

125,751

6.8

Non-interest expense

61,752

55,720

(10.8

)

Pre-tax, pre-provision net revenue

72,503

70,031

3.5

March 31,

Percent

(In thousands)

2026

2025

Increase

Number of accounts

3,616

3,482

3.8

Deposits

10,733,013

10,245,003

4.8

Linked investment accounts (off-balance sheet)

6,460,633

5,108,311

26.5

Total footings

17,193,646

15,353,314

12.0

Pre-tax, pre-provision net revenue increased $2.5 million, to $72.5 million, in the quarter as compared to a year ago. Net interest income increased $3.7 million, to $100.0 million, primarily driven by higher deposit balances, partially offset by lower deposit spreads. Non-interest income increased $4.8 million, to $34.2 million, primarily driven by increased revenues from Ametros, higher interchange fees, and the acquisition of SecureSave. Non-interest expense increased $6.0 million, to $61.8 million, also primarily driven by the acquisition of SecureSave, as well as higher compensation and benefits costs, marketing costs, and other expenses.

Consumer Banking

Webster’s Consumer Banking segment delivers customized financial solutions to individuals, families, and small to mid-sized businesses through its experienced relationship managers and wealth advisors across 195 banking centers located throughout the Northeast. Consumer Banking offers a full suite of deposit, lending, treasury management, and wealth management solutions. Consumer Banking also provides a fully digital banking experience through its mobile banking app and BrioDirect. At March 31, 2026, Consumer Banking had $12.9 billion in loans and $27.4 billion in deposits, as well as $7.4 billion in AUA.

Consumer Banking Operating Results:

Percent

Three months ended March 31,

Favorable/

(In thousands)

2026

2025

(Unfavorable)

Net interest income

208,323

202,064

3.1

Non-interest income

23,189

26,204

(11.5

)

Operating revenue

231,512

228,268

1.4

Non-interest expense

126,267

122,656

(2.9

)

Pre-tax, pre-provision net revenue

105,245

105,612

(0.3

Percent

March 31,

Increase/

(In thousands)

2026

2025

(Decrease)

Loans

12,854,090

12,266,777

4.8

Deposits

27,444,754

27,797,351

(1.3

)

AUA (off-balance sheet)

7,360,092

7,433,931

(1.0

)

Pre-tax, pre-provision net revenue decreased $0.4 million, to $105.2 million, in the quarter as compared to a year ago. Net interest income increased $6.2 million, to $208.3 million, primarily driven by higher average loan balances and a higher interest rate spread on loans, partially offset by lower average deposit balances and a lower interest rate spread on deposits. Non-interest income decreased $3.0 million, to $23.2 million, primarily driven by lower investment services income and non-recurring gains from investment portfolio sales a year ago. Non-interest expense increased $3.6 million, to $126.3 million, primarily driven by higher compensation and benefits costs and operational support costs, partially offset by decreased investments in technology and lower occupancy and equipment costs.

***

Webster Financial Corporation (“Webster”) (NYSE:WBS) is the holding company for Webster Bank, N.A. (“Webster Bank”). Headquartered in Stamford, CT, Webster is a values-driven organization with approximately $86 billion in total consolidated assets. Webster Bank is a commercial bank that provides a wide range of financial products and services to businesses, individuals, and families across three differentiated lines of business: Commercial Banking, Healthcare Financial Services, and Consumer Banking. While its core footprint spans the Northeast from the New York metropolitan area to Rhode Island and Massachusetts, certain businesses operate in extended geographies. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements” within the meaning of, and subject to the protections of, the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “achieve,” “anticipate,” “assume,” “believe,” “could,” “deliver,” “drive,” “enhance,” “estimate,” “expect,” “focus,” “future,” “goal,” “grow,” “guidance,” “intend,” “may,” “might,” “plan,” “position,” “potential,” “predict,” “project,” “opportunity,” “outlook,” “should,” “strategy,” “target,” “trajectory,” “trend,” “will,” “would,” and other similar words and expressions or the negative of such terms or other comparable terminology. Examples of forward-looking statements include, but are not limited to: statements about Webster’s business strategy, goals, and objectives; outlook for future growth; and future common stock dividends, common stock repurchases, and other uses of capital. Forward-looking statements are based on Webster’s current expectations and assumptions regarding its business, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict, and in many cases, are beyond Webster’s control. Webster’s actual results may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance. Factors that could cause Webster’s actual results to differ from those discussed in any forward-looking statements include, but are not limited to: risks related to the proposed Transaction with Banco Santander including, among others, (1) the risk that the cost savings, synergies, and other benefits from the acquisition may not be fully realized or may take longer than anticipated to be realized, including as a result of changes in, or problems arising from, general economic and market conditions, interest and exchange rates, monetary policy, laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which Webster and Banco Santander operate; (2) the failure of the closing conditions in the Transaction Agreement by and among Webster, Banco Santander, and a wholly owned subsidiary of Webster providing for the Transaction to be satisfied, or any unexpected delay in closing the Transaction or the occurrence of any event, change, or other circumstances that could delay the Transaction or could give rise to the termination of the Transaction Agreement; (3) the outcome of any legal or regulatory proceedings or governmental inquiries or investigations that may be currently pending or later instituted against us, Banco Santander, or the combined company; (4) the possibility that the Transaction does not close when expected, or at all, because required regulatory, stockholder, or other approvals and other conditions to closing are not received or satisfied on a timely basis, or at all (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the proposed Transaction); (5) disruption to the parties’ businesses as a result of the announcement and pendency of the Transaction; (6) the costs associated with the anticipated length of time of the pendency of the Transaction, including the restrictions contained in the definitive Transaction Agreement on the ability of the Company to operate its business outside the ordinary course during the pendency of the Transaction; (7) risks related to management and oversight of the expanded business and operations of the combined company following the closing of the proposed Transaction; (8) the risk that the integration of our operations with Banco Santander’s will be materially delayed, or will be more costly or difficult than expected, or that the parties are otherwise unable to successfully integrate each party’s businesses into the other’s businesses; (9) the possibility that the Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; (10) reputational risk and potential adverse reactions of Webster’s or Banco Santander’s customers, employees, vendors, contractors, or other business partners, including those resulting from the announcement or completion of the Transaction; (11) the dilution caused by Banco Santander’s issuance of additional Banco Santander ordinary shares and corresponding American Depository Receipts in connection with the Transaction; (12) the possibility that any announcements relating to the Transaction could have adverse effects on the market price of Webster’s common stock, Banco Santander ordinary shares, and corresponding American Depository Receipts; (13) a material adverse change in Webster’s condition or Banco Santander’s condition; (14) the extent to which our or Banco Santander’s businesses perform consistent with management’s expectations; (15) Webster’s and Banco Santander’s ability to take advantage of growth opportunities and implement targeted initiatives in the timeframe and on the terms currently expected; (16) the possibility that the combined company is subject to additional regulatory requirements as a result of the proposed Transaction of expansion of the combined company’s business operations following the proposed Transaction; Webster’s ability to successfully execute its business plan and strategic initiatives, and manage any risks or uncertainties; continued regulatory changes or other risk mitigation efforts taken by government agencies in response to the risk to safety and soundness in the banking industry; volatility in Webster’s stock price due to investor sentiment and perception of the banking industry; local, regional, national, and international economic conditions or macroeconomic instability (including any economic slowdown or recession, inflation, monetary fluctuation, tariff increases, interest rate changes, credit loss trends, unemployment, changes in housing or securities markets, or other factors) and the impact of the same on Webster or its customers; volatility, disruption, or uncertainty in national and international financial and commodity markets, including as a result of tensions, violent confrontations, and other geopolitical developments; the impact of unrealized losses in Webster’s financial instruments, including in Webster’s available-for-sale securities portfolio and held-to-maturity securities portfolio; changes in laws and regulations, or existing laws and regulations that Webster becomes subject to, including those concerning banking, taxes, dividends, securities, insurance, cybersecurity, and healthcare administration, with which Webster must comply; adverse conditions in the securities markets that could lead to impairment in the value of Webster’s securities portfolio; possible changes in governmental monetary and fiscal policies, or any leadership changes of those determining such policies, including, but not limited to, Federal Reserve policies in connection with continued inflationary pressures; the effects of any restructurings, staff reductions, or other disruptions in the U.S. federal government or in agencies regulating or otherwise impacting Webster’s business; the direct or indirect impact of any new regulatory, policy, or enforcement developments resulting from the policies or actions of the current U.S. presidential administration, including trade deals, changes in tariffs and other protectionist trade policies, any reciprocal and/or retaliatory tariffs by foreign countries, and any uncertainties related thereto; the timely development and acceptance of any new products and services, and the perceived value of those products and services by customers; changes in deposit flows, consumer spending, borrowings, and savings habits; Webster’s ability to implement new technologies and maintain secure and reliable information and technology systems; the effects, including reputational damage, of any cybersecurity threats, attacks or disruptions, fraudulent activity, or other data breaches or security events, including those involving Webster’s third-party vendors and service providers; issues with the performance of Webster’s counterparties and third-party vendors; Webster’s ability to increase market share and control expenses; changes in the competitive environment among banks, financial holding companies, and other traditional and non-traditional financial service providers; Webster’s ability to maintain adequate sources of funding and liquidity; possible downgrades in Webster’s credit ratings; limitations on Webster’s ability to receive dividends from its subsidiaries; Webster’s ability to attract, develop, motivate, and retain skilled employees; changes in loan demand or real estate values; changes in the mix of loan geographies, sectors, or types and the level of non-performing assets, charge-offs, and delinquencies; changes in Webster’s estimates of current expected credit losses based upon periodic review under relevant regulatory and accounting requirements; the effect of changes in accounting policies and practices applicable to Webster, including impacts of recently adopted accounting guidance; legal and regulatory developments, including due to judicial decisions, the initiation or resolution of legal proceedings or regulatory or other governmental inquiries, the results of regulatory examinations or reviews, disruptions at regulatory agencies, government funding or other issues; Webster’s ability to navigate differing environmental, social, governmental, and sustainability concerns among federal and state governmental administrations and judicial decisions, Webster’s stakeholders, and other activists that may arise from Webster’s business activities; Webster’s ability to assess and monitor the effect of evolving uses of artificial intelligence on its business and operations; the occurrence of natural disasters, severe weather events, and public health crises, and any governmental or societal responses thereto; the impact of any of the foregoing on the business or credit quality of Webster’s customers; and the other factors that are described in Webster’s Annual Report on Form 10-K for the year ended December 31, 2025, as amended, and subsequent filings with the U.S. Securities and Exchange Commission. Any forward-looking statement made by Webster in this release speaks only as of the date on which it is made. Factors or events that could cause Webster’s actual results to differ may emerge from time to time, and it is not possible for Webster to predict all of them. Webster undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Non-GAAP Financial Measures

In addition to results presented in accordance with GAAP, this press release contains certain non-GAAP financial measures, including the efficiency ratio, the return on average tangible common stockholders’ equity, the tangible equity ratio, the tangible common equity ratio, tangible book value per common share, core deposits, adjusted return on average assets, adjusted return on average tangible common stockholders’ equity, adjusted return on average common stockholders’ equity, adjusted pre-tax net income, adjusted net income applicable to common stockholders, and adjusted diluted earnings per share (“EPS”). A reconciliation of each non-GAAP financial measure to the most comparable GAAP financial measure is included in the accompanying selected financial highlights table.

Webster believes that certain non-GAAP financial measures provide investors with information useful in understanding its financial position, results of operations, the strength of its capital position, and overall business performance. These non-GAAP financial measures are used by Webster for performance measurement purposes, as well as for internal planning and forecasting, and by securities analysts, investors, and other interested parties to assess peer company operating performance. Webster believes that this presentation, together with the accompanying reconciliations, provides investors with a more complete understanding of the factors and trends affecting its business and allows investors to view its performance in a manner similar to management.

The efficiency ratio represents the costs expended to generate a dollar of revenue and is calculated excluding certain non-operational items and certain non-recurring transactions or events. The return on average tangible common stockholders’ equity is calculated using net income less preferred stock dividends, adjusted for the tax-effected amortization of intangible assets, as a percentage of average stockholders’ equity less average preferred stock and average goodwill and other intangible assets. The tangible equity ratio represents stockholders’ equity less goodwill and other intangible assets (“tangible stockholders’ equity”) divided by total assets less goodwill and other intangible assets (“tangible assets”). The tangible common equity ratio represents stockholders’ equity less preferred stock and goodwill and other intangible assets (“tangible common stockholders’ equity”) divided by tangible assets. Tangible book value per common share represents tangible common stockholders’ equity divided by the number of common shares outstanding at the end of the reporting period. Core deposits reflect total deposits less certificates of deposit and brokered certificates of deposit. The adjusted return on average assets, adjusted return on average tangible common stockholders’ equity, adjusted return on average common stockholders’ equity, adjusted pre-tax net income, adjusted net income applicable to common stockholders, and adjusted diluted EPS are calculated excluding certain non-recurring transactions or events, which have been tax-effected, as applicable.

These non-GAAP financial measures should not be considered a substitute for GAAP-basis financial measures. Because non-GAAP financial measures are not standardized, it may not be possible to compare these with other companies that present financial measures having the same or similar names. Webster strongly encourages investors to review its consolidated financial statements in their entirety and to not rely on any single financial measure.

Refer the tables beginning on page 20 for Non-GAAP to GAAP reconciliations.

NO OFFER OR SOLICITATION

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the “Securities Act”). By making this communication available, no advice or recommendation is being given to buy, sell or otherwise deal in any securities or investments whatsoever.

ADDITIONAL INFORMATION ABOUT THE TRANSACTION AND WHERE TO FIND IT

Banco Santander filed a registration statement on Form F-4 (File No. 333-294235) with the Securities and Exchange Commission (“SEC”) on March 12, 2026, and an amendment on April 20, 2026, to register the ordinary shares of Banco Santander underlying the Banco Santander American Depository Shares that will be issued to Webster stockholders in connection with the proposed Transaction. The registration statement includes a proxy statement of Webster that also constitutes a prospectus of Banco Santander. The registration statement was declared effective on April 22, 2026. Banco Santander filed a prospectus on April 23, 2026, and Webster filed a definitive proxy statement on April 23, 2026. Webster commenced mailing of the definitive proxy statement/prospectus to Webster’s stockholders on or about April 24, 2026.

INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT ON FORM F-4 AND THE PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT ON FORM F-4, AS WELL AS ANY OTHER RELEVANT DOCUMENTS THAT HAVE BEEN OR WILL BE FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION OR INCORPORATED BY REFERENCE INTO THE REGISTRATION STATEMENT ON FORM F-4 AND THE PROXY STATEMENT/PROSPECTUS AND ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION REGARDING WEBSTER, BANCO SANTANDER, THE TRANSACTION AND RELATED MATTERS.

Investors and security holders may obtain free copies of these documents and other documents filed with the SEC by Webster or Banco Santander through the website maintained by the SEC at https://www.sec.gov or by contacting the investor relations department of Webster or Banco Santander at:

Webster Financial Corporation

Banco Santander, S.A.

200 Elm Street

Ciudad Grupo Santander

Stamford, Connecticut 06902

Attention: Investor Relations

eharmon@websterbank.com

28660 Boadilla del Monte Spain

Attention: Investor Relations

investor@gruposantander.com

(212) 309-7646

+34 912899239

PARTICIPANTS IN THE SOLICITATION

Webster, Banco Santander and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Webster in connection with the Transaction under the rules of the SEC. Information regarding the directors and executive officers of Webster and Banco Santander is set forth in (i) Webster’s Amendment to No. 1 to its Annual Report on Form 10-K for the year ending December 31, 2025, including under the headings entitled “Director Independence”, “Non-Employee Director Compensation and Stock Ownership Guidelines”, “Compensation and Human Resources Committee Interlocks and Insider Participation”, “Executive Compensation”, “2025 Pay Versus Performance” and “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters”, which was filed with the SEC on April 24, 2026 and is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/0000801337/000080133726000011/wbs-20251231.htm, and (ii) Banco Santander’s Annual Report on Form 20-F for the year ending December 31, 2025, including under the headings entitled “Directors and Senior Management”, “Compensation”, “Share Ownership” and “Majority Shareholders and Related Party Transactions”, which was filed with the SEC on February 27, 2026 and is available at https://www.sec.gov/Archives/edgar/data/san-20251231.htm/000089147826000030/0000891478-26-000030-index.html. To the extent holdings of each of Webster’s or Banco Santander’s securities by its directors or executive officers have changed since the amounts set forth in Webster’s definitive proxy statement for its 2025 Annual Meeting of Stockholders and in Banco Santander’s Annual Report on Form 20-F for the year ending December 31, 2025, such changes have been or will be reflected on Webster’s Statements of Change in Ownership on Form 4 filed with the SEC. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, are contained in the definitive proxy statement/prospectus of Webster and Banco Santander and other relevant materials filed with the SEC, as well as any amendments or supplements to those documents that have been or will be filed with the SEC. You may obtain free copies of these documents through the website maintained by the SEC at https://www.sec.gov.

246,231

255,820

261,217

258,848

226,917

239,274

248,701

254,051

251,695

220,367

1.50

1.55

1.54

1.52

1.30

1.16

1.23

1.27

1.29

1.15

16.18

17.10

17.64

17.96

15.93

10.35

10.91

11.23

11.31

9.94

13.79

15.19

13.77

13.22

13.14

733,434

719,411

727,897

722,046

713,321

524,418

502,156

545,327

537,050

564,708

1.28

1.27

1.32

1.35

1.34

0.29

0.35

0.28

0.27

0.42

0.91

0.88

0.99

1.00

1.06

0.92

0.89

0.99

1.00

1.06

140.36

143.69

133.82

135.08

126.39

7.74

7.77

7.86

7.82

7.80

7.39

7.42

7.50

7.46

7.43

11.91

11.69

11.89

11.86

11.76

13.89

13.67

14.68

14.05

13.96

11.42

11.20

11.39

11.35

11.25

11.19

11.29

11.37

11.40

11.47

3.36

3.35

3.40

3.44

3.48

46.83

46.95

45.79

45.40

45.79

9,289,670

9,208,257

9,178,698

9,053,638

8,920,175

57.33

57.12

55.69

54.19

52.91

37.59

37.20

36.42

35.13

33.97

69.42

62.94

59.44

54.60

51.55

0.40

162,049

161,216

164,817

167,083

168,594

159,534

160,261

164,138

165,884

169,182

159,850

160,597

164,456

166,131

169,544

March 31,

2026

December 31,

2025

March 31,

2025

353,234

370,748

421,124

2,506,930

2,078,777

2,091,152

10,581,263

10,009,500

9,360,097

7,838,979

7,969,575

8,297,927

18,420,242

17,979,075

17,658,024

14,478

14,886

63,849

23,288,371

22,895,350

20,880,826

22,569,080

22,334,846

21,383,144

9,600,026

9,599,577

9,123,000

1,791,065

1,767,337

1,669,253

57,248,542

56,597,110

53,056,223

(733,434

)

(719,411

)

(713,321

)

56,515,108

55,877,699

52,342,902

431,395

356,411

350,702

186,604

195,740

249,395

428,182

432,035

422,425

3,197,981

3,210,756

3,193,132

1,292,770

1,271,457

1,255,074

2,237,664

2,286,079

2,231,971

85,584,588

84,073,663

80,279,750

9,847,077

10,082,854

10,139,131

11,932,682

10,760,496

9,741,569

9,446,895

9,184,452

9,180,889

24,332,087

23,196,747

21,517,733

6,841,135

6,964,946

7,473,515

5,848,150

6,078,549

6,036,144

791,690

2,491,769

1,486,248

69,039,716

68,759,813

65,575,229

69,756

596,738

83,395

4,810,619

2,980,718

2,910,011

738,312

739,454

907,410

1,352,536

1,504,704

1,599,551

76,010,939

74,581,427

71,075,596

283,979

9,289,670

9,208,257

8,920,175

9,573,649

9,492,236

9,204,154

85,584,588

84,073,663

80,279,750

Three Months Ended March 31,

2026

2025

776,610

755,117

193,100

194,469

24,551

23,886

994,279

973,487

316,624

326,383

43,252

34,912

359,876

361,295

634,403

612,192

54,000

77,500

580,403

534,692

41,515

38,895

15,414

17,621

7,209

7,789

8,644

7,992

220

28,681

20,089

101,463

92,606

222,906

198,645

19,486

19,717

49,631

47,719

9,186

9,237

4,699

4,027

22,542

17,226

16,300

16,345

34,359

30,728

379,109

343,644

302,757

283,654

56,526

56,737

246,231

226,917

(4,163

)

(4,163

)

(2,794

)

(2,387

)

239,274

220,367

159,534

169,182

159,850

169,544

1.50

1.30

1.50

1.30

776,610

793,570

794,668

775,203

755,117

193,100

200,024

201,321

197,766

194,469

205

3,988

24,551

25,333

28,325

27,611

23,886

994,279

1,019,132

1,028,302

1,000,587

973,487

316,624

344,078

355,504

339,738

326,383

43,252

42,201

41,131

39,667

34,912

359,876

386,279

396,635

379,405

361,295

634,403

632,853

631,667

621,182

612,192

54,000

42,000

44,000

46,500

77,500

580,403

590,853

587,667

574,682

534,692

41,515

38,486

39,576

40,934

38,895

15,414

19,010

16,404

17,657

17,621

7,209

7,775

7,640

7,779

7,789

8,644

8,520

7,535

9,172

7,992

220

28,681

39,559

29,751

19,115

20,089

101,463

113,350

100,906

94,657

92,606

222,906

214,137

209,036

199,930

198,645

19,486

19,359

19,003

19,337

19,717

49,631

49,443

47,520

45,932

47,719

9,186

9,008

8,966

9,093

9,237

4,699

6,827

4,953

5,171

4,027

22,542

21,767

17,815

18,394

17,226

16,300

3,979

15,621

15,061

16,345

34,359

58,717

33,755

32,796

30,728

379,109

383,237

356,669

345,714

343,644

302,757

320,966

331,904

323,625

283,654

56,526

65,146

70,687

64,777

56,737

246,231

255,820

261,217

258,848

226,917

(4,163

)

(4,163

)

(4,162

)

(4,162

)

(4,163

)

(2,794

)

(2,956

)

(3,004

)

(2,991

)

(2,387

)

239,274

248,701

254,051

251,695

220,367

159,534

160,261

164,138

165,884

169,182

159,850

160,597

164,456

166,131

169,544

1.50

1.55

1.52

1.30

1.50

1.55

1.54

1.52

1.30

2026

2025

57,106,092

789,336

5.53

52,568,406

766,388

5.84

18,626,911

195,731

4.20

18,113,958

196,809

4.35

381,312

4,498

4.78

323,982

3,954

4.95

2,206,596

20,053

3.64

1,819,496

19,932

4.38

14,100

0.50

28,732

0.21

78,335,011

1,009,636

5.16

72,854,574

987,098

5.42

6,761,702

6,410,395

85,096,713

79,264,969

10,120,435

10,280,570

11,288,211

45,269

1.63

9,709,820

40,899

1.71

9,562,306

3,946

0.17

9,307,517

3,560

0.16

23,968,546

181,059

3.06

21,114,901

183,107

3.52

6,847,778

23,719

1.40

7,104,607

28,143

1.61

5,892,336

44,968

3.10

6,047,194

54,942

3.68

1,836,424

17,663

3.90

1,402,350

15,732

4.55

69,516,036

316,624

1.85

64,966,959

326,383

2.04

179,787

1,062

2.36

244,560

1,676

2.74

3,535,915

33,860

3.83

2,112,301

23,589

4.47

722,150

8,330

4.61

886,235

9,647

4.35

4,437,852

43,252

3.90

3,243,096

34,912

4.31

73,953,888

359,876

1.97

68,210,055

361,295

2.15

1,504,587

1,809,884

75,458,475

70,019,939

283,979

9,354,259

8,961,051

9,638,238

9,245,030

85,096,713

79,264,969

649,760

625,803

(15,357

)

(13,611

)

634,403

612,192

3.36

3.48

22,169,383

21,664,119

20,654,331

19,943,097

19,495,784

1,118,988

1,231,231

1,258,478

1,350,006

1,385,042

22,569,080

22,334,846

21,911,298

21,358,775

21,383,144

9,600,026

9,599,577

9,509,142

9,332,413

9,123,000

1,791,065

1,767,337

1,718,832

1,687,668

1,669,253

57,248,542

56,597,110

55,052,081

53,671,959

53,056,223

(733,434

)

(719,411

)

(727,897

)

(722,046

)

(713,321

)

56,515,108

55,877,699

54,324,184

52,949,913

52,342,902

21,947,141

21,244,671

20,451,639

19,703,434

19,167,596

1,171,324

1,259,776

1,289,208

1,360,288

1,409,177

22,571,488

22,082,606

21,508,546

21,302,161

21,338,147

9,634,148

9,584,853

9,416,499

9,228,988

8,985,033

1,781,991

1,751,232

1,707,068

1,683,026

1,668,453

57,106,092

55,923,138

54,372,960

53,277,897

52,568,406

193,936

174,073

223,398

231,458

279,831

60,471

66,911

58,797

44,405

42,207

231,353

224,623

227,118

224,554

207,402

20,127

17,889

16,843

15,748

15,715

16,662

17,188

17,772

18,357

19,243

522,549

500,684

543,928

534,522

564,398

1,284

1,082

1,399

2,528

310

195

390

1,869

1,472

1,399

2,528

310

524,418

502,156

545,327

537,050

564,708

26,812

16,428

10,934

16,338

27,304

89,105

24,962

27,812

16,241

33,030

21,790

15,194

17,000

12,664

16,406

11,122

9,902

8,730

9,516

9,906

148,829

66,486

64,476

54,759

86,646

1,152

507

148,838

66,486

65,628

54,759

87,153

719,411

727,897

722,046

713,321

689,566

55,239

41,005

44,205

45,126

78,712

40,225

48,492

37,914

39,792

55,566

3,997

2,994

2,034

1,446

1,052

44,222

51,486

39,948

41,238

56,618

1,017

556

765

3,250

942

1,989

1,439

829

1,587

719

3,006

1,995

1,594

4,837

1,661

41,216

49,491

38,354

36,401

54,957

733,434

719,411

727,897

722,046

713,321

22,879

24,117

23,117

22,824

21,443

379,109

383,237

356,669

345,714

343,644

(577

)

1,535

541

517

9,186

9,008

8,966

9,093

9,237

20,000

6,966

9,145

1,129

3,636

(684

)

(10,318

)

357,783

357,029

346,165

336,071

333,874

634,403

632,853

631,667

621,182

612,192

15,357

14,903

14,258

13,870

13,611

101,463

113,350

100,906

94,657

92,606

12,828

9,142

9,234

10,528

11,032

220

9,767

764,051

760,481

756,062

740,228

729,205

46.83

46.95

45.79

45.40

45.79

246,231

255,820

261,217

258,848

226,917

4,163

4,162

4,163

6,676

6,565

6,534

6,627

6,732

248,744

258,222

263,589

261,313

229,486

994,976

1,032,888

1,054,356

1,045,252

917,944

9,638,238

9,513,033

9,440,148

9,294,023

9,245,030

283,979

3,203,998

3,190,386

3,180,111

3,188,946

3,198,123

6,150,261

6,038,668

5,976,058

5,821,098

5,762,928

16.18

17.10

17.64

17.96

15.93

9,573,649

9,492,236

9,462,677

9,337,617

9,204,154

3,197,981

3,210,756

3,175,747

3,184,039

3,193,132

6,375,668

6,281,480

6,286,930

6,153,578

6,011,022

85,584,588

84,073,663

83,192,652

81,914,270

80,279,750

3,197,981

3,210,756

3,175,747

3,184,039

3,193,132

82,386,607

80,862,907

80,016,905

78,730,231

77,086,618

7.74

7.77

7.86

7.82

7.80

6,375,668

6,281,480

6,286,930

6,153,578

6,011,022

283,979

6,091,689

5,997,501

6,002,951

5,869,599

5,727,043

82,386,607

80,862,907

80,016,905

78,730,231

77,086,618

7.39

7.42

7.50

7.46

7.43

6,091,689

5,997,501

6,002,951

5,869,599

5,727,043

162,049

161,216

164,817

167,083

168,594

37.59

37.20

36.42

35.13

33.97

69,039,716

68,759,813

68,175,644

66,314,425

65,575,229

5,848,150

6,078,549

6,202,906

6,069,447

6,036,144

791,690

2,491,769

1,372,907

1,850,438

1,486,248

62,399,876

60,189,495

60,599,831

58,394,540

58,052,837

246,231

8,768

2,643

(497

)

257,145

1,028,580

85,096,713

1.21

246,231

4,163

6,676

8,768

2,643

(497

)

259,658

1,038,632

9,638,238

283,979

3,203,998

6,150,261

16.89

9,638,238

283,979

9,354,259

246,231

4,163

8,768

2,643

(497

)

252,982

1,011,928

10.82

302,757

239,274

1.50

9,145

8,768

0.05

3,636

2,643

0.02

(684

)

(497

)

—

314,854

250,188

1.57