Webster Reports Third Quarter 2025 EPS of $1.54

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 $254.1 million, or $1.54 per diluted share, for the quarter ended September 30, 2025, compared to $186.8 million, or $1.10 per diluted share, for the quarter ended September 30, 2024.

“Webster continues to exhibit strong financial results,” said John R. Ciulla, chairman and chief executive officer. “It is appropriate that on Webster’s 90th anniversary, the consistency and excellence Webster has delivered since its founding persists.”

Highlights for the third quarter of 2025:

“Webster’s growth, efficiency, and returns are each reflective of the company’s favorable strategic positioning,” said Neal Holland, senior executive vice president and chief financial officer. “We are proud to deliver record quarterly EPS on the occasion of Webster’s 90th anniversary.”

1 See “Non-GAAP to GAAP Reconciliations” section beginning on page 19.

2 Presented as preliminary for September 30, 2025.

Consolidated financial performance:

Quarterly net interest income compared to the third quarter of 2024:

Quarterly provision for credit losses:

Quarterly non-interest income compared to the third quarter of 2024:

1 As of the first quarter of 2025, Webster changed the methodology used to annualize net interest income in its quarterly and year to date net interest margin calculation. Net interest margin for the prior periods has been recast.

Quarterly non-interest expense compared to the third quarter of 2024:

Quarterly income taxes compared to the third quarter of 2024:

Investment securities:

Loans and leases:

Asset quality:

Deposits and borrowings:

Capital:

1 See “Non-GAAP to GAAP Reconciliations” section beginning on page 19.

2 Presented as preliminary for September 30, 2025, and actual for the remaining periods.

Reportable segments:

Commercial Banking

Webster’s Commercial Banking segment delivers financial solutions both nationally and regionally 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 & Institutional Lending, Commercial Real Estate, Capital Markets, Capital Finance, and Treasury Management. Its Private Banking team also pairs holistic wealth solutions, including tailored lending, with commercial banking services. At September 30, 2025, Commercial Banking had $42.4 billion in loans and leases and $18.3 billion in deposits, as well as a combined $2.8 billion in assets under administration (“AUA”) and management (“AUM”).

Commercial Banking Operating Results:

Percent

Three months ended September 30,

Favorable/

(In thousands)

2025

2024

(Unfavorable)

Net interest income

$328,306

$338,424

(3.0

Non-interest income

33,902

33,288

1.8

Operating revenue

362,208

371,712

(2.6

)

Non-interest expense

108,590

100,892

(7.6

)

Pre-tax, pre-provision net revenue

$253,618

$270,820

(6.4

)

Percent

September 30,

Increase/

(In millions)

2025

2024

(Decrease)

Loans and leases

$42,361

$40,372

4.9

Deposits

18,261

17,124

6.6

AUA / AUM (off balance sheet)

2,813

2,968

(5.2

)

Pre-tax, pre-provision net revenue decreased $17.2 million, to $253.6 million, in the quarter as compared to the prior year. Net interest income decreased $10.1 million, to $328.3 million, primarily driven by a lower net spread on loans and leases, partially offset by higher average loan and deposit balances. Non-interest income increased $0.6 million, to $33.9 million, primarily driven by higher syndication and prepayment fees and an increase in client hedging activities, partially offset by a non-recurring gain from a multi-family securitization event in the third quarter of 2024. Non-interest expense increased $7.7 million, to $108.6 million, primarily driven by increased investments in human capital, operational process improvements, and technology, and higher foreclosed property and 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 accounts 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 September 30, 2025, Healthcare Financial Services had $16.6 billion in total footings comprising $10.3 billion in deposits and $6.3 billion in AUA through linked investment accounts.

Healthcare Financial Services Operating Results:

Percent

Three months ended September 30,

Favorable/

(In thousands)

2025

2024

(Unfavorable)

Net interest income

$100,041

$93,940

6.5

Non-interest income

27,304

26,541

2.9

Operating revenue

127,345

120,481

5.7

Non-interest expense

54,492

54,023

(0.9

)

Pre-tax net revenue

$72,853

$66,458

9.6

September 30,

Percent

(Dollars in millions)

2025

2024

Increase

Number of accounts (thousands)

3,475

3,341

4.0

Deposits

$10,305

$9,940

3.7

Linked investment accounts (off balance sheet)

6,270

5,205

20.5

Total footings

$16,575

$15,146

9.4

Pre-tax net revenue increased $6.4 million, to $72.9 million, in the quarter as compared to the prior year. Net interest income increased $6.1 million, to $100.0 million, primarily driven by higher deposit balances, partially offset by lower deposit spreads. Non-interest income increased $0.8 million, to $27.3 million, primarily driven by higher interchange and medical fees. Non-interest expense increased $0.5 million, to $54.5 million, primarily driven by higher compensation and benefits costs, partially offset by lower service contract expenses.

Consumer Banking

Webster’s Consumer Banking segment delivers customized financial solutions for individuals and families, private clients, and small business owners across 196 banking centers throughout the Northeast. Consumer Banking offers a full suite of deposit, lending, treasury management, and wealth management solutions delivered by experienced relationship managers and financial advisors. Consumer Banking also provides a fully digital banking experience through its mobile banking apps and BrioDirect. At September 30, 2025, Consumer Banking had $12.7 billion in loans and $27.5 billion in deposits, as well as $7.7 billion in AUA.

Consumer Banking Operating Results:

Percent

Three months ended September 30,

Favorable/

(In thousands)

2025

2024

(Unfavorable)

Net interest income

$214,465

$202,122

6.1

Non-interest income

24,909

28,299

(12.0

)

Operating revenue

239,374

230,421

3.9

Non-interest expense

125,397

116,253

(7.9

)

Pre-tax, pre-provision net revenue

$113,977

$114,168

(0.2

)

Percent

September 30,

Increase/

(In millions)

2025

2024

(Decrease)

Loans

$12,683

$11,571

9.6

Deposits

27,548

27,020

2.0

AUA (off balance sheet)

7,656

7,948

(3.7

)

Pre-tax, pre-provision net revenue decreased $0.2 million, to $114.0 million, in the quarter as compared to the prior year. Net interest income increased $12.3 million, to $214.5 million, primarily driven by higher average loan and deposit balances coupled with a higher interest rate spreads on loans, partially offset by a lower interest rate spread on deposits. Non-interest income decreased $3.4 million, to $24.9 million, primarily driven by a non-recurring gain on an investment portfolio sale in the third quarter of 2024 and lower investment services income. Non-interest expense increased $9.1 million, to $125.4 million, primarily driven by increased investments in technology, employee-related expenses, and loan-related expenses.

***

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 more than $83 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.

Conference Call

A conference call covering Webster’s third quarter 2025 earnings announcement will be held today, Friday, October 17, 2025, at 9:00 a.m. Eastern Time. To listen to the live call, please dial 888-330-2446, or 1-240-789-2732 for international callers. The passcode is 8607257. The webcast, along with related slides, will be available via Webster’s Investor Relations website at investors.websterbank.com. A replay of the conference call will be available for one week via the website listed above, beginning at approximately 12:00 noon (Eastern Time) on October 17, 2025. To access the replay, dial 800-770-2030, or 1-609-800-9909 for international callers. The replay conference ID number is 8607257.

Forward-Looking Statements

This release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “could,” “believes,” “anticipates,” “expects,” “intends,” “outlook,” “target,” “continue,” “remain,” “will,” “should,” “may,” “might,” “plans,” “estimates,” “likely,” “future,” and similar references to future periods. However, these words are not the exclusive means of identifying such statements. Examples of forward-looking statements include but are not limited to: projections of revenues, expenses, income or loss, earnings or loss per share, and other financial items; statements of plans, objectives, and expectations of Webster or its management or Board of Directors; statements of future economic performance; and statements of assumptions underlying such statements. 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: 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 markets, including as a result of geopolitical developments; the impact of unrealized losses in Webster’s financial instruments, particularly in Webster’s available-for-sale 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 and its subsidiaries 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 (including any potential effects from the current government shutdown) 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 any 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, 2024, 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, and core deposits. 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. 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.

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 19 for Non-GAAP to GAAP reconciliations.

Three Months Ended

September 30,

2025

June 30,

2025

March 31,

2025

December 31,

2024

September 30,

2024

261,217

258,848

226,917

177,766

192,985

254,051

251,695

220,367

171,760

186,799

1.54

1.52

1.30

1.01

1.10

1.27

1.29

1.15

0.91

1.01

17.64

17.96

15.93

12.73

14.29

11.23

11.31

9.94

7.80

8.67

13.77

13.22

13.14

7.94

8.92

727,897

722,046

713,321

689,566

687,798

545,327

537,050

564,708

461,751

427,274

1.32

1.35

1.34

1.31

1.32

0.28

0.27

0.42

0.47

0.27

0.99

1.00

1.06

0.88

0.82

0.99

1.00

1.06

0.88

0.82

133.82

135.08

126.39

149.47

161.60

7.86

7.82

7.80

7.82

7.85

7.50

7.46

7.43

7.45

7.48

11.90

11.86

11.76

12.06

11.77

14.69

14.05

13.96

14.24

14.06

11.40

11.35

11.25

11.54

11.25

11.37

11.40

11.47

11.56

11.58

3.40

3.44

3.48

3.44

3.41

45.79

45.40

45.79

44.80

45.49

9,178,698

9,053,638

8,920,175

8,849,235

8,914,071

55.69

54.19

52.91

51.63

52.00

36.42

35.13

33.97

32.95

33.26

59.44

54.60

51.55

55.22

46.61

0.40

164,817

167,083

168,594

171,391

171,428

164,138

165,884

169,182

169,589

169,569

164,456

166,131

169,544

170,005

169,894

September 30,

2025

June 30,

2025

September 30,

2024

498,801

425,349

721,261

2,563,680

2,568,570

2,476,290

9,932,344

9,620,354

8,594,978

8,077,505

8,192,720

8,565,936

18,009,849

17,813,074

17,160,914

75,386

278,409

117,615

21,912,809

21,293,103

20,120,992

21,911,298

21,358,775

21,691,377

9,509,142

9,332,413

8,576,612

1,718,832

1,687,668

1,558,034

55,052,081

53,671,959

51,947,015

(727,897

)

(722,046

)

(687,798

)

54,324,184

52,949,913

51,259,217

340,231

370,272

360,795

220,972

252,442

273,174

427,215

422,774

411,070

3,175,747

3,184,039

3,212,050

1,266,491

1,262,311

1,247,624

2,290,096

2,387,117

2,213,890

83,192,652

81,914,270

79,453,900

10,491,975

10,345,761

10,744,524

10,723,584

9,933,392

10,016,651

9,135,425

9,064,935

8,951,383

23,188,134

21,679,493

20,460,382

7,060,713

7,370,959

6,921,459

6,202,906

6,069,447

6,020,031

1,372,907

1,850,438

1,400,000

68,175,644

66,314,425

64,514,430

101,717

372,806

100,232

2,560,817

3,339,914

3,110,205

1,249,612

905,634

910,963

1,642,185

1,643,874

1,620,020

73,729,975

72,576,653

70,255,850

283,979

9,178,698

9,053,638

8,914,071

9,462,677

9,337,617

9,198,050

83,192,652

81,914,270

79,453,900

Three Months Ended September 30,

Nine Months Ended September 30,

2025

2024

2025

2024

794,668

809,184

2,324,988

2,399,326

201,321

176,722

593,556

485,134

3,988

5,400

4,010

11,075

28,325

12,757

79,822

36,664

1,028,302

1,004,063

3,002,376

2,932,199

355,504

371,075

1,021,625

1,068,309

41,131

43,105

115,710

133,971

396,635

414,180

1,137,335

1,202,280

631,667

589,883

1,865,041

1,729,919

44,000

54,000

168,000

158,500

587,667

535,883

1,697,041

1,571,419

39,576

38,863

119,405

122,479

16,404

18,513

51,682

57,614

7,640

8,367

23,208

24,847

7,535

8,020

24,699

20,325

(19,597

)

220

(79,338

)

29,751

3,575

68,955

53,465

100,906

57,741

288,169

199,392

209,036

194,736

607,611

570,126

19,003

18,879

58,057

53,421

47,520

56,696

141,171

147,835

8,966

8,491

27,296

26,401

4,953

4,224

14,151

12,612

17,815

16,001

53,435

43,048

15,621

13,555

47,027

52,843

33,755

36,376

97,279

104,616

356,669

348,958

1,046,027

1,010,902

331,904

244,666

939,183

759,909

70,687

51,681

192,201

168,968

261,217

192,985

746,982

590,941

(4,162

)

(4,162

)

(12,487

)

(12,487

)

(3,004

)

(2,024

)

(8,339

)

(6,136

)

254,051

186,799

726,156

572,318

164,138

169,569

166,386

169,898

164,456

169,894

166,738

170,226

1.55

1.10

4.36

3.37

1.54

1.10

4.36

3.36

Three Months Ended

September 30,

2025

June 30,

2025

March 31,

2025

December 31,

2024

September 30,

2024

794,668

775,203

755,117

783,140

809,184

201,321

197,766

194,469

189,801

176,722

3,988

2,836

5,400

28,325

27,611

23,886

19,310

12,757

1,028,302

1,000,587

973,487

995,087

1,004,063

355,504

339,738

326,383

358,895

371,075

41,131

39,667

34,912

27,724

43,105

396,635

379,405

361,295

386,619

414,180

631,667

621,182

612,192

608,468

589,883

44,000

46,500

77,500

63,500

54,000

587,667

574,682

534,692

544,968

535,883

39,576

40,934

38,895

38,665

38,863

16,404

17,657

17,621

18,770

18,513

7,640

7,779

7,789

8,387

8,367

7,535

9,172

7,992

7,387

8,020

220

(56,886

)

(19,597

)

29,751

19,115

20,089

36,184

3,575

100,906

94,657

92,606

52,507

57,741

209,036

199,930

198,645

192,668

194,736

19,003

19,337

19,717

18,740

18,879

47,520

45,932

47,719

47,182

56,696

8,966

9,093

9,237

9,681

8,491

4,953

5,171

4,027

6,139

4,224

17,815

18,394

17,226

15,205

16,001

15,621

15,061

16,345

16,069

13,555

33,755

32,796

30,728

34,693

36,376

356,669

345,714

343,644

340,377

348,958

331,904

323,625

283,654

257,098

244,666

70,687

64,777

56,737

79,332

51,681

261,217

258,848

226,917

177,766

192,985

(4,162

)

(4,162

)

(4,163

)

(4,163

)

(4,162

)

(3,004

)

(2,991

)

(2,387

)

(1,843

)

(2,024

)

254,051

251,695

220,367

171,760

186,799

164,138

165,884

169,182

169,589

169,569

164,456

166,131

169,544

170,005

169,894

1.55

1.52

1.30

1.01

1.10

1.54

1.52

1.30

1.01

1.10

Three Months Ended September 30,

2025

2024

Average balance

Interest

Income/Expense

Average

Yield/rate

Average balance

Interest

Income/Expense

Average

Yield/rate

54,372,960

806,695

5.83

51,752,193

820,209

6.22

18,371,777

203,552

4.43

17,483,341

179,356

4.10

345,001

4,729

5.44

340,330

4,383

5.12

2,120,664

23,596

4.35

629,180

8,374

5.21

192,686

3,988

8.28

216,735

5,400

9.97

75,403,088

1,042,560

5.45

70,421,779

1,017,722

5.69

6,591,115

6,383,522

81,994,203

76,805,301

10,141,954

10,243,045

10,502,974

47,305

1.79

9,744,885

48,160

1.96

9,127,705

3,886

0.17

8,546,941

3,257

0.15

22,513,065

201,086

3.54

19,945,165

208,980

4.17

7,233,339

30,813

1.69

6,909,526

29,140

1.69

6,120,864

53,853

3.49

5,895,329

64,368

4.34

1,679,127

18,561

4.39

1,294,764

17,170

5.28

67,319,028

355,504

2.10

62,579,655

371,075

2.36

139,567

631

1.77

125,738

0.12

2,602,949

29,620

4.45

2,535,497

35,172

5.43

960,497

10,880

4.53

887,090

7,895

3.56

3,703,013

41,131

4.37

3,548,325

43,105

4.77

71,022,041

396,635

2.21

66,127,980

414,180

2.49

1,532,014

1,682,187

72,554,055

67,810,167

283,979

9,156,169

8,711,155

9,440,148

8,995,134

81,994,203

76,805,301

645,925

603,542

(14,258

)

(13,659

)

631,667

589,883

3.40

3.41

Nine Months Ended September 30,

2025

2024

Average balance

Interest

Income/Expense

Average

Yield/rate

Average balance

Interest

Income/Expense

Average

Yield/rate

53,413,031

2,359,891

5.84

51,376,513

2,430,382

6.23

18,238,066

600,392

4.39

17,146,601

497,931

3.87

338,576

12,926

5.10

340,222

13,901

5.46

2,013,349

66,896

4.38

563,217

22,763

5.31

93,748

4,010

5.70

150,985

11,075

9.78

74,096,770

3,044,115

5.44

69,577,538

2,976,052

5.65

6,506,268

6,450,110

80,603,038

76,027,648

10,178,346

10,327,076

9,997,950

130,594

1.75

9,475,927

134,091

1.89

9,190,317

11,081

0.16

8,560,303

9,654

0.15

21,762,954

575,046

3.53

18,905,798

588,760

4.16

7,267,170

90,580

1.67

6,845,957

77,088

1.50

6,076,756

160,668

3.53

5,861,288

192,649

4.39

1,619,633

53,656

4.43

1,647,193

66,067

5.36

66,093,126

1,021,625

2.07

61,623,542

1,068,309

2.32

164,659

2,525

2.02

125,492

245

0.26

72,537

3,015

5.46

2,456,918

83,034

4.46

2,551,535

106,266

5.47

911,107

30,151

4.41

909,294

24,445

3.58

3,532,684

115,710

4.33

3,658,858

133,971

4.82

69,625,810

1,137,335

2.18

65,282,400

1,202,280

2.46

1,650,198

1,915,023

71,276,008

67,197,423

283,979

9,043,051

8,546,246

9,327,030

8,830,225

80,603,038

76,027,648

1,906,780

1,773,772

(41,739

)

(43,853

)

1,865,041

1,729,919

3.44

3.41

September 30,

2025

June 30,

2025

March 31,

2025

December 31,

2024

September 30,

2024

20,654,331

19,943,097

19,495,784

19,272,958

18,657,089

1,258,478

1,350,006

1,385,042

1,404,007

1,463,903

21,911,298

21,358,775

21,383,144

21,391,036

21,691,377

9,509,142

9,332,413

9,123,000

8,853,669

8,576,612

1,718,832

1,687,668

1,669,253

1,583,498

1,558,034

55,052,081

53,671,959

53,056,223

52,505,168

51,947,015

(727,897

)

(722,046

)

(713,321

)

(689,566

)

(687,798

)

54,324,184

52,949,913

52,342,902

51,815,602

51,259,217

20,451,639

19,703,434

19,167,596

18,919,934

18,166,258

1,289,208

1,360,288

1,409,177

1,449,743

1,452,794

21,508,546

21,302,161

21,338,147

21,572,682

22,215,293

9,416,499

9,228,988

8,985,033

8,740,658

8,390,613

1,707,068

1,683,026

1,668,453

1,572,414

1,527,235

54,372,960

53,277,897

52,568,406

52,255,431

51,752,193

September 30,

2025

June 30,

2025

March 31,

2025

December 31,

2024

September 30,

2024

223,398

231,458

279,831

268,354

215,834

58,797

44,405

42,207

20,815

29,791

227,118

224,554

207,402

138,642

150,711

16,843

15,748

15,715

12,500

9,098

17,772

18,357

19,243

21,015

20,183

543,928

534,522

564,398

461,326

425,617

1,399

2,528

310

425

504

221

932

1,399

2,528

310

425

1,657

545,327

537,050

564,708

461,751

427,274

10,934

16,338

27,304

16,619

45,123

21,997

27,812

16,241

33,030

51,556

36,110

17,000

12,664

16,406

14,113

18,153

8,730

9,516

9,906

9,122

9,471

64,476

54,759

86,646

113,407

108,857

1,152

507

65,628

54,759

87,153

113,407

108,928

Three Months Ended

September 30,

2025

June 30,

2025

March 31,

2025

December 31,

2024

September 30,

2024

722,046

713,321

689,566

687,798

669,355

44,205

45,126

78,712

62,639

53,869

37,914

39,792

55,566

63,281

36,362

2,003

1,446

1,052

1,265

997

39,917

41,238

56,618

64,546

37,359

765

3,250

942

2,779

377

798

1,587

719

896

1,556

1,563

4,837

1,661

3,675

1,933

38,354

36,401

54,957

60,871

35,426

727,897

722,046

713,321

689,566

687,798

23,117

22,824

21,443

22,593

22,598

Three Months Ended

September 30,

2025

June 30,

2025

March 31,

2025

December 31,

2024

September 30,

2024

356,669

345,714

343,644

340,377

348,958

1,535

541

517

(32

)

(687

)

8,966

9,093

9,237

9,681

8,491

121

197

(1,544

)

22,169

346,165

336,071

333,874

330,607

320,332

631,667

621,182

612,192

608,468

589,883

14,258

13,870

13,611

13,664

13,659

100,906

94,657

92,606

52,507

57,741

9,234

10,528

11,032

6,564

7,448

121

197

220

(56,886

)

(19,597

)

(15,977

)

756,062

740,228

729,205

737,968

704,108

45.79

45.40

45.79

44.80

45.49

261,217

258,848

226,917

177,766

192,985

4,162

4,163

4,162

6,534

6,627

6,732

7,648

6,708

263,589

261,313

229,486

181,251

195,531

1,054,356

1,045,252

917,944

725,004

782,124

9,440,148

9,294,023

9,245,030

9,186,082

8,995,134

283,979

3,180,111

3,188,946

3,198,123

3,207,554

3,238,115

5,976,058

5,821,098

5,762,928

5,694,549

5,473,040

17.64

17.96

15.93

12.73

14.29

September 30,

2025

June 30,

2025

March 31,

2025

December 31,

2024

September 30,

2024

9,462,677

9,337,617

9,204,154

9,133,214

9,198,050

3,175,747

3,184,039

3,193,132

3,202,369

3,212,050

6,286,930

6,153,578

6,011,022

5,930,845

5,986,000

83,192,652

81,914,270

80,279,750

79,025,073

79,453,900

3,175,747

3,184,039

3,193,132

3,202,369

3,212,050

80,016,905

78,730,231

77,086,618

75,822,704

76,241,850

7.86

7.82

7.80

7.82

7.85

6,286,930

6,153,578

6,011,022

5,930,845

5,986,000

283,979

6,002,951

5,869,599

5,727,043

5,646,866

5,702,021

80,016,905

78,730,231

77,086,618

75,822,704

76,241,850

7.50

7.46

7.43

7.45

7.48

6,002,951

5,869,599

5,727,043

5,646,866

5,702,021

164,817

167,083

168,594

171,391

171,428

36.42

35.13

33.97

32.95

33.26

68,175,644

66,314,425

65,575,229

64,753,080

64,514,430

6,202,906

6,069,447

6,036,144

6,041,329

6,020,031

1,372,907

1,850,438

1,486,248

2,193,625

1,400,000

60,599,831

58,394,540

58,052,837

56,518,126

57,094,399