American Savings Bank Reports Third Quarter 2026 Net Income of $29.0 million, or $0.45 per Diluted Share and Declares Dividend

American Savings Bank Reports Third Quarter 2026 Net Income of $29.0 million, or $0.45 per Diluted Share and Declares Dividend HONOLULU--( BUSINESS WIRE)--American Savings Bank, N.A. (NYSE: ASBH) (“ASB” or the “Bank”) today reported financial results for the quarter ended September 30, 2026.

Highlights for the Third Quarter

Net Income

Diluted Earnings per Share

Net Interest Income

Net Interest Margin (NIM)

Cost of Deposits

Efficiency Ratio

Book Value per Share 1

$29.0 million

$0.45

$76.4 million

3.61%

0.68%

60.6%

$10.64

$29.6 million as adjusted

$0.46 as adjusted

Executive Commentary

“We reached an important milestone in the third quarter with the completion of our initial public offering and are pleased to report results for the first time as a public company,” said Ann Teranishi, president and chief executive officer. “This achievement reflects our teammates’ hard work and dedication to supporting our customers and communities every day. We are proud to build on more than 100 years of serving Hawaii with a straightforward, reliable business model. Our results demonstrate the strength of our franchise, with quarter-over-quarter margin expansion, improved efficiency, and stronger earnings and capital ratios.”

Income Statement Highlights

(amounts in millions, except per share data)

Three Months Ended

Prior Quarter

Year-Over-Year

September 30, 2026

June 30, 2026

September 30, 2025

Net income

29.0

27.2

20.0

1.8

6.7

9.0

45.2

Diluted earnings per share

0.45

0.42

0.31

0.03

7.1

0.14

45.2

Net interest income

76.4

75.2

71.7

1.2

1.5

4.7

6.5

Noninterest income

21.0

23.8

2.4

(2.8

)

(11.7

)

18.6

761.8

Noninterest expense

59.0

61.1

58.0

(2.1

)

(3.4

)

1.0

1.7

Balance Sheet Highlights

(amounts in millions, except per share data)

As of

Prior Quarter End

Year-Over-Year

September 30, 2026

June 30, 2026

September 30, 2025

Total assets

8,936.9

9,049.2

8,795.0

(112.2

)

(1.2

141.9

1.6

Investment securities

1,909.9

1,941.8

1,790.5

(31.9

)

(1.6

)

119.4

6.7

Loans receivable

6,214.7

6,238.5

6,090.5

(23.8

)

(0.4

)

124.2

2.0

Deposits

8,053.9

8,191.5

7,946.1

(137.6

)

(1.7

)

107.8

1.4

Book value per share 1

10.64

10.65

9.93

(0.01

)

(0.1

)

0.71

7.2

Asset Quality Highlights

As of

Prior Quarter

Year-Over-Year

September 30, 2026

June 30, 2026

September 30, 2025

bps

Allowance for credit losses to total loans, net

0.97

0.99

0.92

(2)

Nonperforming loans to total loans, net

0.29

0.19

Net charge-offs (annualized) to average loans

0.11

—

0.07

Other Financial Metrics

Three Months Ended

Prior Quarter

Year-Over-Year

September 30, 2026

June 30, 2026

September 30, 2025

bps

Net interest margin

3.61

3.57

3.46

Return on avg. assets

1.29

1.21

0.91

Return on average tangible common equity

16.68

15.87

12.62

406

Efficiency ratio

60.6

61.7

78.3

(110)

(1,770)

Tier 1 leverage ratio

9.24

9.10

8.93

Tier 1 capital ratio

13.69

13.49

13.17

Total capital ratio

14.76

14.59

14.19

1 As of the periods presented, the Bank had no intangible assets and had an immaterial amount of preferred stock. Tangible book value is therefore substantially the same as book value.

Statement of Income

Net income for the quarter ended September 30, 2026, was $29.0 million, an increase of $1.8 million compared to the prior quarter and an increase of $9.0 million compared to the prior year. Excluding the $0.6 million net of tax impact of IPO-related expenses, net income would have been $29.6 million for the quarter ended September 30, 2026. Earnings per diluted share for the quarter ended September 30, 2026, was $0.45, an increase of $0.03 per diluted share compared to the prior quarter and an increase of $0.14 per diluted share compared to the prior year. Excluding the impact of IPO-related expenses, earnings per diluted share would have been $0.46 for the quarter ended September 30, 2026.

Net interest income for the quarter ended September 30, 2026, was $76.4 million, an increase of $1.2 million compared to the prior quarter and an increase of $4.7 million compared to the prior year. The increase compared to the prior quarter primarily reflects higher average loan balances and improved earning-asset yields, partially offset by lower average investment securities and interest-earning deposits in other financial institutions versus the comparable quarters.

Net interest margin for the quarter ended September 30, 2026, was 3.61%, an increase of 4 bps compared to the prior quarter and 15 bps compared to the prior year. The increase was driven primarily by higher investment securities, residential loan and consumer loan yields and continued run-off of higher rate time certificates versus comparable periods.

Provision for credit losses was $0.7 million for the quarter ended September 30, 2026, a decrease of $2.6 million compared to the prior quarter and an increase of $8.6 million compared to the prior year. The decrease from the prior quarter primarily reflects the absence of the provision recognized in the second quarter related to real estate-secured loans to a commercial relationship and headwinds within the hospitality sector. The year-over-year comparison reflects the $11.5 million reserve release associated with the consumer loan portfolio sale in the third quarter of 2025.

Noninterest income for the quarter ended September 30, 2026, was $21.0 million, a decrease of $2.8 million compared to the prior quarter and an increase of $18.6 million compared to the prior year. The decrease compared to the prior quarter primarily relates to a lower fair market value (“FMV”) adjustment related to bank-owned life insurance (“BOLI”). Excluding the FMV impact of BOLI, noninterest income would have been $1.3 million higher in the current quarter versus the prior quarter, driven primarily by higher service charges on deposit accounts, income from investment services and other income. The increase compared to the prior year was driven by the loss on sale of consumer loans recognized in the third quarter of 2025 when the Bank sold its portfolio of mainland solar and home improvement consumer loans.

Noninterest expense for the quarter ended September 30, 2026, was $59.0 million, a decrease of $2.1 million compared to the prior quarter and an increase of $1.0 million compared to the prior year. The decrease compared to the prior quarter primarily relates to a lower FMV adjustment related to the Bank’s deferred compensation liability included in Salaries and employee benefits. Excluding the FMV impact, noninterest expense would have increased $2.0 million compared to the prior quarter, driven primarily by higher salaries and employee benefits resulting from higher incentive accruals. Excluding the FMV impact, noninterest expense would have increased $3.8 million compared to the prior year, driven primarily by higher salaries and employee benefits and approximately $0.9 million of expenses related to our initial public offering.

The effective tax rate for the quarter ended September 30, 2026, was 23.0% compared to 21.6% in the prior quarter and 16.5% in the prior year. The increase in the effective tax rate was primarily due to higher pre-tax income and certain costs that are no longer deductible as a result of being a public company.

Balance Sheet

Total assets at September 30, 2026, were $8.9 billion, $112.2 million lower than June 30, 2026, and $141.9 million higher compared to September 30, 2025. The decrease from prior quarter primarily relates to a decrease in interest-bearing deposits in other financial institutions as well as modest declines in loans and investment securities.

Total deposits were $8.1 billion, a decrease of $137.6 million, or 1.7%, compared to prior quarter and an increase of 1.4% compared to prior year. Core deposits decreased $92.1 million compared to June 30, 2026, primarily due to a decrease in interest-bearing checking, partially offset by growth in noninterest-bearing checking and savings accounts. The cost of deposits for the third quarter of 2026 was 0.68%, a decrease of 1 bp from the second quarter and a decrease of 9 bps compared to the prior year.

Book value per common share and tangible book value per common share at September 30, 2026, were $10.64 per common share, compared to $10.65 per common share at June 30, 2026, and $9.93 per common share at September 30, 2025. The balance at quarter-end compared to prior quarter primarily reflects third quarter net income offset by dividends paid in the third quarter and an increase in accumulated other comprehensive loss related to fair value changes of available-for-sale investment securities. The increase compared to prior year primarily reflects net income during the trailing twelve months offset by dividends paid during the same period.

Asset Quality

Allowance for credit losses was $60.2 million, or 0.97% of total loans, net at September 30, 2026, compared to $61.5 million, or 0.99% of total loans, at June 30, 2026, and $56.0 million, or 0.92% of total loans, at September 30, 2025. Net charge-offs for the quarter ended September 30, 2026, were $1.8 million, or 0.11% as a percentage of average loans (annualized), compared to $0.1 million, or less than 1 bp, in the prior quarter and $1.1 million, or 0.07%, compared to the prior year. The decrease in the allowance and increase in charge-offs as of and for the quarter ended September 30, 2026, compared to the prior quarter included a partial charge-off of a nonperforming commercial construction loan.

Nonaccrual loans at September 30, 2026, were $12.6 million, or 0.20% of total loans, net of deferred loan fees and discounts, compared to $8.4 million, or 0.13%, at June 30, 2026, and $8.5 million, or 0.14%, at September 30, 2025.

Capital

Total stockholders’ equity was $691.7 million on September 30, 2026, compared to $692.5 million on June 30, 2026. The tier 1 leverage ratio was 9.24% at September 30, 2026, compared to 9.10% at June 30, 2026, and 8.93% at September 30, 2025.

On October 27, 2026, ASB’s Board of Directors declared a cash dividend on common stock of $0.27 per share of common stock to stockholders of record as of November 9, 2026. The dividend will be paid on November 20, 2026.

Conference Call and Webcast Details

ASB will host a conference call and webcast to discuss third quarter 2026 results and provide further business updates.

Date: Friday, October 30, 2026

Time: 2:00 P.M. Eastern | 1:00 P.M. Central | 11:00 A.M. Pacific | 8:00 A.M. Hawaii

Participant Toll-Free Dial-in Number: 1-833-461-5787

Participant International Dial-in Number: 1-585-542-9983

Conference ID: 477 004 733

Webcast URL: https://events.q4inc.com/attendee/477004733

About American Savings Bank

ASB is a Hawaii-based, full-service community bank serving Hawaii’s consumers, businesses and communities since 1925. ASB makes dreams possible for Hawaii’s residents by offering products and services that encourage financial wellness, empower families to become homeowners and help businesses thrive. ASB operates a network of 35 branches and over 120 ATMs in the State of Hawaii. With one of the state’s highest-rated mobile apps for banking, ASB is available anytime, anywhere, making banking easier for our customers. ASB pairs its customer experience with an award-winning employee experience that has received local and national recognition, including being named a Best Place to Work in Hawaii for 16 years.

Visit www.asbhawaii.com for more information.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements (including within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended). These statements reflect our current views with respect to, among other things, future operating results and financial position, our business strategy and plans and market growth. These statements are often, but not always, made through the use of words or phrases such as “may,” “could,” “should,” “will,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan” or words or phrases of similar meaning, such as “will be positioned to.” These forward-looking statements are not statements of historical fact, and are based on current expectations, estimates and projections about our industry as well as certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. The forward-looking statements in this press release are only predictions and are based largely on our current expectations and projections about future events and trends that we believe may affect our business financial condition and results of operations. These forward-looking statements speak only as of the date of this press release and are subject to a number of known and unknown risks, uncertainties and assumptions. Moreover, we operate in a competitive and changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. For further information on some of these risk factors and important factors that could affect our future results and financial condition, see our filings with U.S. Office of the Comptroller of the Currency (“OCC”) including, but not limited to, our registration statement on Form S-1 that was declared effective by the OCC on September 15, 2026, relating to our initial public offering. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely upon these forward-looking statements as predictions of future events. The events and circumstances reflected in the forward-looking statements may not be achieved or occur. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, performance or achievements. We undertake no obligation to update any of these forward-looking statements for any reason after the date of this presentation, except as required by law.

American Savings Bank, N.A.

Financial Highlights

Table 1

Amounts in thousands, except per share data; unaudited

As of or For the Three Months Ended

Nine Months Ended

September 30,

June 30,

March 31,

December 31,

September 30,

2026

2025

2026

2025

Operating Results

Net interest income

76,370

75,217

74,244

74,020

71,710

225,831

209,109

Provision (benefit) for credit losses

739

3,298

1,049

1,903

(7,816

)

5,086

(2,737

)

Noninterest income

21,046

23,827

20,103

22,836

2,442

64,976

(110,815

)

Noninterest expense

59,008

61,083

56,879

81,040

58,049

176,970

165,816

Net income (loss)

28,989

27,175

28,553

11,353

19,961

84,717

(41,547

)

Pre-tax, pre-provision income (1)

38,408

37,961

37,468

15,816

16,103

113,837

(67,522

)

Performance Ratios

Return on average assets (2)

1.29

1.21

1.27

0.51

0.91

1.26

(0.62

Adjusted return on average assets (1)(2)

1.32

1.25

1.28

1.21

1.19

1.28

1.10

Return on average tangible common equity (1)(2)

16.68

15.87

16.91

6.86

12.62

16.48

(9.29

)

Adjusted return on average tangible common equity (1)(2)

17.04

16.36

17.05

16.26

16.52

16.81

16.62

Net interest margin (2)

3.61

3.57

3.55

3.46

3.58

3.29

Cost of deposits (2)

0.68

0.69

0.72

0.77

0.69

0.81

Efficiency ratio

60.6

61.7

60.3

83.7

78.3

60.9

168.7

Adjusted efficiency ratio (1)

59.7

60.5

60.0

61.7

60.1

61.9

Capital Ratios

Tier 1 leverage ratio

9.24

9.10

9.03

9.00

8.93

Tier 1 capital ratio

13.69

13.49

13.46

13.17

Total capital ratio

14.76

14.59

14.55

14.52

14.19

Common Stock Data 3:

Basic earnings (loss) per share

0.45

0.42

0.44

0.17

0.31

1.30

(0.64

)

Diluted earnings (loss) per share

0.45

0.42

0.44

0.17

0.31

1.30

(0.64

)

Dividends declared per common share

0.27

—

0.81

—

Tangible book value per share

10.64

10.65

10.48

10.31

9.93

Weighted average common stock outstanding

Basic

64,998

Diluted

65,006

64,998

65,001

64,998

Average balances:

Average loans, including loans held for sale

6,221,377

6,175,040

6,091,422

6,099,090

6,112,552

6,163,089

6,091,062

Average earning assets

8,428,575

8,441,368

8,415,948

8,322,552

8,258,890

8,428,677

8,499,236

Average assets

8,988,897

8,995,938

8,969,324

8,879,842

8,795,986

8,984,791

8,983,526

Average deposits

8,118,001

8,143,415

8,123,212

8,028,080

7,969,399

8,128,190

8,012,120

(1) These are non-GAAP financial measures we believe are helpful in interpreting our financial results. For more information on non-GAAP measures and for a reconciliation to the most directly comparable GAAP financial measures, see Statement on Management’s Use of Non-GAAP Financial Measures.

(2) Ratios are presented on an annualized basis.

(3) Common stock data for the three months ended June 30, 2026, March 31, 2026, December 31, 2025 and September 30, 2025, and the nine months ended September 30, 2026 and September 30, 2025, are adjusted for the Bank’s 7,222-to-1 forward split that became effective on September 15, 2026.

American Savings Bank, N.A.

Statements of Income (Loss) (unaudited)

Table 2

(amounts in thousands, except per share data)

Three Months Ended

Nine Months Ended

September 30,

June 30,

March 31,

December 31,

September 30,

2026

2025

2026

2025

Interest income

Loans

77,249

75,814

74,407

75,742

75,443

227,470

224,375

Investment securities

12,395

12,537

11,619

10,810

9,781

36,551

30,092

Other

793

907

2,053

2,117

1,892

3,753

9,897

Total interest income

90,437

89,258

88,079

88,669

87,116

267,774

264,364

Interest expense

Deposits

13,945

14,020

13,835

14,649

15,405

41,800

48,565

Other borrowings

122

—

143

6,690

Total interest expense

14,067

14,041

13,835

14,649

15,406

41,943

55,255

Net interest income

76,370

75,217

74,244

74,020

71,710

225,831

209,109

Provision (benefit) for credit losses

739

3,298

1,049

1,903

(7,816

)

5,086

(2,737

)

Net interest income after provision (benefit) for credit losses

75,631

71,919

73,195

72,117

79,526

220,745

211,846

Noninterest income

Service charges on deposit accounts

5,430

4,935

4,771

5,277

5,144

15,136

14,698

Other service charges and fees

8,252

8,276

8,224

8,519

8,200

24,752

23,789

Income from investment services

4,283

3,997

3,684

3,906

3,682

11,964

10,345

Mortgage banking income

263

187

206

194

147

656

554

Bank-owned life insurance

1,683

5,730

2,497

4,239

4,455

9,910

7,375

Loss on sale of investment securities, net

—

(149,869

)

Loss on sale of consumer loans

—

(19,918

)

—

(19,918

)

Other income, net

1,135

702

721

701

732

2,558

2,211

Total noninterest income

21,046

23,827

20,103

22,836

2,442

64,976

(110,815

)

Noninterest expense

Salaries and employee benefits

33,033

35,881

33,291

34,650

33,198

102,205

93,448

Occupancy

5,421

5,507

5,377

5,753

5,921

16,305

16,633

Data processing

5,614

5,668

5,492

5,781

5,532

16,774

16,392

Services

2,877

2,720

2,443

3,005

2,895

8,040

8,247

Equipment

2,314

2,287

2,273

2,292

2,253

6,874

6,964

FDIC insurance

1,043

1,079

1,076

1,363

1,394

3,198

4,772

Marketing

1,070

862

852

1,248

1,228

2,784

3,190

Office supplies, printing and postage

1,001

1,188

1,093

1,024

1,121

3,282

3,210

Pension plan settlement

—

(717

)

21,275

—

(717

)

—

Other expense

6,635

5,891

5,699

4,649

4,507

18,225

12,960

Total noninterest expense

59,008

61,083

56,879

81,040

58,049

176,970

165,816

Income (loss) before income taxes

37,669

34,663

36,419

13,913

23,919

108,751

(64,785

)

Income tax expense (benefit)

8,680

7,488

7,866

2,560

3,958

24,034

(23,238

)

Net income (loss)

28,989

27,175

28,553

11,353

19,961

84,717

(41,547

)

Per common share data 1:

Basic earnings (loss) per share

0.45

0.42

0.44

0.17

0.31

1.30

(0.64

)

Diluted earnings (loss) per share

0.45

0.42

0.44

0.17

0.31

1.30

(0.64

)

Basic weighted-average shares outstanding

64,998

Diluted weighted-average shares outstanding

65,006

64,998

65,001

64,998

Dividends declared per common share

0.27

—

0.81

—

Supplemental information

FMV adjustment included in Bank-owned life insurance

(297

)

3,815

635

1,212

2,591

4,153

1,916

FMV adjustment on deferred comp liability included in Salaries and employee benefits

(297

)

3,827

981

1,242

2,571

4,511

2,088

(1) Common stock data for the three months ended June 30, 2026, March 31, 2026, December 31, 2025 and September 30, 2025, and the nine months ended September 30, 2026 and September 30, 2025, are adjusted for the Bank’s 7,222-to-1 forward split that became effective on September 15, 2026.

American Savings Bank, N.A.

Balance Sheets (unaudited)

Table 3

(dollars in thousands)

As of

September 30,

June 30,

March 31,

December 31,

September 30,

2026

2025

Assets

Cash and due from banks

165,047

145,718

133,593

112,962

123,680

Interest-bearing deposits in other financial institutions

9,357

83,168

94,873

286,993

152,382

Cash and cash equivalents

174,404

228,886

228,466

399,955

276,062

Investment Securities

Available-for-sale, at fair value

847,996

865,754

938,614

755,884

676,959

Held-to-maturity, at amortized cost

1,061,892

1,076,007

1,089,344

1,101,853

1,113,537

Federal Home Loan Bank and Federal Reserve Bank stock, at cost

17,588

16,179

16,366

5,575

Loans held for sale, at lower of cost or fair value

1,084

4,485

—

4,723

1,776

Loans held for investment

6,214,714

6,238,473

6,147,761

6,083,247

6,090,536

Allowance for credit losses

(60,220

)

(61,535

)

(58,292

)

(57,557

)

(56,008

)

Net loans held for investment

6,154,494

6,176,938

6,089,469

6,025,690

6,034,528

Premises and equipment, net

171,143

172,404

173,705

174,956

175,435

Bank-owned life insurance

220,255

218,567

212,836

210,340

211,395

Accrued interest receivable

30,440

30,261

30,525

29,435

28,800

Mortgage servicing rights, net

5,970

6,183

6,361

6,579

6,802

Deferred tax asset

120,111

115,919

111,155

111,415

110,632

Other assets

131,555

137,577

146,055

142,290

153,491

Total assets

8,936,932

9,049,160

9,042,709

8,979,486

8,794,992

Liabilities and stockholders' equity

Liabilities:

Noninterest-bearing

2,533,312

2,524,356

2,523,695

2,498,000

2,454,299

Interest-bearing

5,520,613

5,667,132

5,676,119

5,639,022

5,491,833

Total deposits

8,053,925

8,191,488

8,199,814

8,137,022

7,946,132

Other borrowings

31,300

—

Other liabilities

159,964

165,176

161,425

172,588

203,719

Total liabilities

8,245,189

8,356,664

8,361,239

8,309,610

8,149,851

Stockholders' equity:

Preferred stock

—

Common stock

Additional paid-in capital

360,431

359,704

Accumulated other comprehensive loss, net of tax benefits

(147,082

)

(134,118

)

(135,474

)

(136,020

)

(149,397

)

Retained earnings

478,380

466,896

457,226

446,178

434,825

Total stockholders' equity

691,743

692,496

681,470

669,876

645,141

Total liabilities and stockholders' equity

8,936,932

9,049,160

9,042,709

8,979,486

8,794,992

American Savings Bank, N.A.

Average Balances and Net Interest Margin (Quarter-to-Date)

Table 4A

Amounts in thousands; unaudited

Three Months Ended

September 30, 2026

June 30, 2026

September 30, 2025

Average Balance

Interest income / expense

Yield / Rate (5)

Average Balance

Interest income / expense

Yield / Rate (5)

Average Balance

Interest income / expense

Yield / Rate (5)

Assets

Interest-earning deposits

54,951

515

3.66

71,884

662

3.65

161,501

1,803

4.37

FHLB and FRB stock

16,719

278

6.63

16,274

245

6.02

5,575

6.34

Investment securities

Taxable

2,072,793

12,056

2.33

2,114,688

12,190

2.31

1,914,629

9,410

1.96

Non-taxable

62,735

429

2.71

63,482

439

2.75

64,633

470

2.88

Total investment securities

2,135,528

12,485

2.34

2,178,170

12,629

2.32

1,979,262

9,880

1.99

Loans

Residential

2,760,053

30,136

4.37

2,737,131

29,573

4.32

2,633,196

27,501

4.18

Commercial real estate

1,575,008

19,540

4.88

1,573,001

19,402

4.89

1,451,276

18,367

4.97

Home equity line of credit

913,856

10,822

4.70

923,577

10,735

4.66

945,742

11,230

4.71

Residential land

14,165

299

8.44

13,671

288

8.45

16,901

345

8.16

Commercial construction

197,741

3,205

6.37

186,216

3,123

6.66

209,974

3,841

7.19

Commercial & industrial

643,030

9,130

5.60

629,432

8,850

5.61

658,796

9,776

5.85

Consumer

117,524

4,351

14.69

112,012

4,064

14.55

196,667

4,644

9.38

Total loans (1)(2)

6,221,377

77,483

4.94

6,175,040

76,035

4.92

6,112,552

75,704

4.91

Total interest-earning assets (3)

8,428,575

90,761

4.28

8,441,368

89,571

4.24

8,258,890

87,476

4.20

Allowance for credit losses

(62,377

)

(58,844

)

(61,624

)

Noninterest-earning assets

622,699

613,414

598,720

Total assets

8,988,897

8,995,938

8,795,986

Liabilities and stockholders' equity

Interest-bearing deposits

Savings

2,833,597

3,977

0.56

2,812,175

3,834

0.55

2,760,548

3,617

0.52

Interest-bearing checking

1,604,662

3,320

0.82

1,642,161

3,317

0.81

1,472,253

2,830

0.76

Money market

563,408

3,455

2.43

549,705

3,311

2.42

530,324

4,173

3.12

Time certificates

598,185

3,193

2.12

635,176

3,558

2.25

729,554

4,785

2.60

Total interest-bearing deposits

5,599,852

13,945

0.99

5,639,217

14,020

1.00

5,492,679

15,405

1.11

Advances from Federal Home Loan Bank

12,004

122

3.99

2,104

3.84

4.50

Federal Funds Purchased

—

3.75

—

4.50

Total interest-bearing liabilities

5,611,867

14,067

0.99

5,641,321

14,041

1.00

5,492,701

15,406

1.11

Noninterest-bearing liabilities

Deposits

2,518,149

2,504,198

2,476,720

Other

163,529

165,601

194,130

Stockholders' equity

695,352

684,818

632,435

Total liabilities and stockholders' equity

8,988,897

8,995,938

8,795,986

Net interest income

76,694

75,530

72,070

Net interest margin (%) (4)

3.61

3.57

3.46

Supplemental Information

Total deposits including non-interest bearing

8,118,001

0.68

8,143,415

0.69

7,969,399

0.77

(1) Includes loans held for sale, at lower of cost or fair value, of $3.1 million, $2.5 million and $25.3 million for the three months ended September 30, 2026, June 30, 2026 and September 30, 2025, respectively.

(2) Includes recognition of net deferred loan fees of $0.4 million, $0.3 million and $0.6 million for the three months ended September 30, 2026, June 30, 2026 and September 30, 2025, respectively, together with interest accrued prior to suspension of interest accrual on nonaccrual loans. Includes nonaccrual loans.

(3) Interest income and yield are expressed on a taxable-equivalent basis. Taxable-equivalent adjustments were $0.3 million, $0.3 million and $0.4 million for the three months ended September 30, 2026, June 30, 2026 and September 30, 2025.

(4) Annualized net interest income and expense are based on the day count convention at the interest-earning asset or interest-bearing liability level and is divided by average interest-earning assets.

(5) Average yields and costs are presented on an annualized basis.

American Savings Bank, N.A.

Analysis of Change in Net Interest Income

Table 4B

Amounts in thousands; unaudited

Three Months Ended September 30, 2026

Compared to June 30, 2026

Rate

Volume

Total

Change in interest income (1)

Interest-earning deposits

(149

)

(147

)

FHLB and FRB stock

Investment securities

Taxable

112

(246

)

(134

)

Non-taxable

)

(10

)

Total investment securities

107

(251

)

(144

)

Loans

Residential mortgage (2)

327

236

563

Commercial real estate

138

Home equity line of credit

141

(54

)

Residential land

—

Commercial construction

(124

)

206

Commercial & industrial

)

288

280

Consumer

241

287

Total loans

436

1,012

1,448

Total change in interest income

571

619

1,190

Change in interest expense

Interest-bearing deposits

Savings

(101

)

(42

)

(143

)

Interest-bearing checking

(55

)

Money market

(21

)

(123

)

(144

)

Time certificates

182

183

365

Total interest-bearing deposits

Other borrowings

Advances from Federal Home Loan Bank

)

(100

)

(101

)

Federal Funds Purchased

—

Total change in interest expense

(30

)

(26

)

Change in net interest income

575

589

1,164

(1) The taxable-equivalent basis adjustments were not material.

(2) Includes residential construction loan interest income.

American Savings Bank, N.A.

Analysis of Change in Net Interest Income

Table 4C

Amounts in thousands; unaudited

Three Months Ended September 30, 2026

Compared to September 30, 2025

Rate

Volume

Total

Change in interest income (1)

Interest-earning deposits

(255

)

(1,033

)

(1,288

)

FHLB and FRB stock

185

189

Investment securities

Taxable

1,826

820

2,646

Non-taxable

(27

)

(14

)

(41

)

Total investment securities

1,799

806

2,605

Loans

Residential mortgage (2)

1,279

1,356

2,635

Commercial real estate

(334

)

1,507

1,173

Home equity line of credit

(25

)

(383

)

(408

)

Residential land

(58

)

(46

)

Commercial construction

(420

)

(216

)

(636

)

Commercial & industrial

(414

)

(232

)

(646

)

Consumer

(122

)

(171

)

(293

)

Total loans

(24

)

1,803

1,779

Total change in interest income

1,524

1,761

3,285

Change in interest expense

Interest-bearing deposits

Savings

(267

)

(93

)

(360

)

Interest-bearing checking

(229

)

(261

)

(490

)

Money market

965

(247

)

718

Time certificates

806

786

1,592

Total interest-bearing deposits

1,275

185

1,460

Other borrowings

Advances from FHLB

—

(121

)

(121

)

Total change in interest expense

1,275

1,339

Change in net interest income

2,799

1,825

4,624

(1) The taxable-equivalent basis adjustments were not material.

(2) Includes residential construction loan interest income.

American Savings Bank, N.A.

Average Balances and Net Interest Margin (Year-to-Date)

Table 4D

Amounts in thousands; unaudited

Nine Months Ended

September 30, 2026

September 30, 2025

Average Balance

Interest income / expense

Yield / Rate (5)

Average Balance

Interest income / expense

Yield / Rate (5)

Assets

Interest-earning deposits

107,915

2,986

3.65

270,828

9,020

4.39

FHLB and FRB stock

16,453

767

6.22

13,935

877

8.41

Investment securities

Taxable

2,077,860

35,517

2.28

2,058,402

28,975

1.88

Non-taxable

63,360

1,309

2.74

65,009

1,414

2.89

Total investment securities

2,141,220

36,826

2.29

2,123,411

30,389

1.91

Loans

Residential mortgage

2,747,766

89,256

4.33

2,625,107

81,917

4.16

Commercial real estate

1,545,597

57,011

4.88

1,440,884

55,043

5.05

Home equity line of credit

923,291

32,219

4.67

948,370

32,918

4.64

Residential land

13,954

880

8.41

16,832

961

7.61

Commercial construction

192,579

9,635

6.63

201,869

10,713

7.03

Commercial & industrial

625,870

26,720

5.68

653,187

28,743

5.85

Consumer

114,032

12,417

14.56

204,813

14,776

9.64

Total loans (1)(2)

6,163,089

228,138

4.93

6,091,062

225,071

4.92

Total interest-earning assets (3)

8,428,677

268,717

4.24

8,499,236

265,357

4.15

Allowance for credit losses

(59,716

)

(63,452

)

Noninterest-earning assets

615,830

547,742

Total assets

8,984,791

8,983,526

Liabilities and stockholders' equity

Interest-bearing deposits

Savings

2,811,817

11,480

0.55

2,722,451

9,623

0.47

Interest-bearing checking

1,624,212

9,627

0.79

1,474,845

8,339

0.76

Money market

557,884

10,136

2.43

514,662

12,065

3.13

Time certificates

631,658

10,557

2.23

825,398

18,538

3.00

Total interest-bearing deposits

5,625,571

41,800

0.99

5,537,356

48,565

1.17

Advances from Federal Home Loan Bank

4,751

143

3.96

184,179

6,690

4.79

Federal funds purchased

—

3.75

—

4.50

Total interest-bearing liabilities

5,630,329

41,943

1.00

5,721,539

55,255

1.29

Noninterest-bearing liabilities

Deposits

2,502,619

2,474,764

Other

166,551

190,997

Stockholders' equity

685,292

596,226

Total liabilities and stockholders' equity

8,984,791

8,983,526

Net interest income

226,774

210,102

Net interest margin (%) (4)

3.58

3.29

Supplemental Information

Total deposits including non-interest bearing

8,128,190

0.69

8,012,120

0.81

(1) Includes loans held for sale, at lower of cost or fair value, of $2.6 million and $9.5 million for the nine months ended September 30, 2026 and 2025, respectively.

(2) Includes recognition of net deferred loan fees of $1.4 million and $1.7 million for the nine months ended September 30, 2026 and 2025, respectively, together with interest accrued prior to suspension of interest accrual on nonaccrual loans. Includes nonaccrual loans.

(3) Interest income and yield are expressed on a taxable-equivalent basis. Taxable-equivalent basis adjustments were $0.9 million and $1.0 million for the nine months ended September 30, 2026 and 2025, respectively.

(5) Average yields and costs are presented on an annualized basis.

American Savings Bank, N.A.

Analysis of Change in Net Interest Income

Table 4E

Amounts in thousands; unaudited

Nine Months Ended September 30, 2026

Compared to September 30, 2025

Rate

Volume

Total

Change in interest income (1)

Interest-earning deposits

(1,321

)

(4,713

)

(6,034

)

FHLB and FRB stock

(252

)

142

(110

)

Investment securities

Taxable

6,248

294

6,542

Non-taxable

(71

)

(34

)

(105

)

Total investment securities

6,177

260

6,437

Loans

Residential mortgage (2)

3,424

3,915

7,339

Commercial real estate

(1,888

)

3,856

1,968

Home equity line of credit

206

(905

)

(699

)

Residential land

(176

)

(81

)

Commercial construction

(597

)

(481

)

(1,078

)

Commercial & industrial

(830

)

(1,193

)

(2,023

)

Consumer

(700

)

(1,659

)

(2,359

)

Total loans

(290

)

3,357

3,067

Total change in interest income

4,314

(954

)

3,360

Change in interest expense

Interest-bearing deposits

Savings

(1,556

)

(301

)

(1,857

)

Interest-bearing checking

(362

)

(926

)

(1,288

)

Money market

2,874

(945

)

1,929

Time certificates

4,200

3,781

7,981

Total interest-bearing deposits

5,156

1,609

6,765

Other borrowings

Advances from Federal Home Loan Bank

989

5,558

6,547

Total change in interest expense

6,145

7,167

13,312

Change in net interest income

10,459

6,213

16,672

(1) The taxable-equivalent basis adjustments were not material.

(2) Includes residential construction loan interest income.

American Savings Bank, N.A.

Loans Receivable Held for Investment

Table 5

September 30,

June 30,

March 31,

December 31,

September 30,

Amounts in thousands; unaudited

2026

2025

Real estate loans:

Residential mortgage

2,750,382

2,745,794

2,726,230

2,739,266

2,664,847

Commercial real estate

1,569,377

1,586,748

1,555,263

1,484,535

1,463,763

Home equity line of credit

905,074

915,405

924,051

933,990

945,642

Residential land

13,170

14,579

13,531

14,609

16,017

Commercial construction

211,155

183,325

181,599

195,600

221,916

Residential construction

18,547

17,981

17,457

17,312

14,790

Total real estate loans

5,467,705

5,463,832

5,418,131

5,385,312

5,326,975

Commercial & industrial

642,824

661,964

625,579

591,316

654,865

Consumer

113,578

121,811

113,079

115,742

117,125

Total loans

6,224,107

6,247,607

6,156,789

6,092,370

6,098,965

Deferred loan fees and discounts

(9,393

)

(9,134

)

(9,028

)

(9,123

)

(8,429

)

Total loans, net

6,214,714

6,238,473

6,147,761

6,083,247

6,090,536

Deposit Liabilities by Type

Table 6

September 30,

June 30,

March 31,

December 31,

September 30,

Amounts in thousands; unaudited

2026

2025

Core deposits

Noninterest-bearing checking

2,533,312

2,524,356

2,523,695

2,498,000

2,454,299

Interest-bearing checking

1,595,557

1,682,538

1,664,709

1,664,668

1,486,734

Savings

2,824,243

2,817,266

2,801,745

2,775,842

2,757,629

Money market

529,441

550,532

554,843

523,870

533,623

Total core deposits

7,482,553

7,574,692

7,544,992

7,462,380

7,232,285

Time certificates

571,372

616,796

654,822

674,642

713,847

Total deposit liabilities

8,053,925

8,191,488

8,199,814

8,137,022

7,946,132

American Savings Bank, N.A.

Loans Past Due and Nonaccrual Loans

Table 7

September 30,

June 30,

March 31,

December 31,

September 30,

Amounts in thousands; unaudited

2026

2025

Loans past due

Residential mortgage

11,945

9,954

7,864

14,623

8,560

Commercial real estate

—

110

—

Home equity line of credit

5,206

5,019

4,971

5,564

3,838

Residential land

—

Commercial construction

4,145

25,000

—

Residential construction

—

Commercial & Industrial

611

353

282

Consumer

1,998

1,756

2,135

2,343

2,018

Total loans past due

23,905

42,082

15,065

22,734

14,698

Loans past due 90 days or more and accruing

Residential mortgage

5,757

3,506

3,351

2,481

2,964

Commercial real estate

—

Home equity line of credit

—

Residential land

—

Commercial construction

—

Residential construction

—

Commercial & Industrial

—

Consumer

—

Total loans past due 90 days or more and accruing

5,757

3,506

3,351

2,481

2,964

Nonaccrual loans

Residential mortgage

2,309

2,197

2,222

5,418

2,866

Commercial real estate

—

Home equity line of credit

5,080

5,170

5,287

4,643

4,357

Residential land

—

Commercial construction

4,145

—

14,962

—

Residential construction

—

Commercial & Industrial

143

129

120

105

Consumer

893

915

1,107

1,194

Total nonaccrual loans

12,570

8,411

8,703

26,250

8,522

Total loans, net

6,214,714

6,238,473

6,147,761

6,083,247

6,090,536

American Savings Bank, N.A.

Reserve for Credit Losses

Table 8

(unaudited)

Three Months Ended

September 30,

June 30,

March 31,

December 31,

September 30,

(Dollars in thousands)

2026

2025

Balance at beginning of period

66,735

63,492

62,757

61,208

70,128

Provision (benefit) for credit losses

739

3,298

1,049

1,903

(7,816

)

Charge-offs

Residential mortgage

—

Commercial real estate

—

Home equity line of credit

—

Residential land

—

Commercial construction

2,126

—

Residential construction

—

Total real estate charge-offs

2,126

—

Commercial & industrial

178

177

Consumer

1,261

1,345

1,437

1,398

2,341

Total charge-offs

3,565

1,355

1,521

1,590

2,402

Recoveries

Residential mortgage

Commercial real estate

—

Home equity line of credit

120

Residential land

101

—

Commercial construction

—

Residential construction

—

Total real estate recoveries

157

167

Commercial & industrial

621

317

297

370

383

Consumer

1,033

816

898

855

889

Total recoveries

1,811

1,300

1,207

1,236

1,298

Net charge-offs

1,754

314

354

1,104

Balance at end of period

65,720

66,735

63,492

62,757

61,208

Components:

Allowance for credit losses - loans

60,220

61,535

58,292

57,557

56,008

Reserve for unfunded commitments

5,500

5,200

Total reserve for credit losses

65,720

66,735

63,492

62,757

61,208

Ratios

Allowance for credit losses / total loans, net

0.97

0.99

0.95

0.92

Net charge-offs (annualized) / average total loans, net

0.11

—

0.02

0.07

Statement on Management’s Use of Non-GAAP Financial Measures

To supplement the financial statements prepared and presented in accordance with GAAP, the Bank uses certain non-GAAP financial measures, as described below, to facilitate analysis of financial and business trends and for internal planning and forecasting purposes. We are presenting these non-GAAP financial measures because we believe, when taken collectively, they may be helpful to investors because they provide consistency and comparability with past financial performance by excluding certain items that may not be indicative of our business, results of operations or outlook.

However, non-GAAP financial measures have limitations in their usefulness to investors because they have no standardized meaning prescribed by GAAP and are not prepared under any comprehensive set of accounting rules or principles. In addition, other companies, including companies in our industry, may calculate similarly titled non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. As a result, non-GAAP financial measures are presented for supplemental informational purposes only and should not be considered in isolation or as a substitute for the financial statements presented in accordance with GAAP.

The Bank presents the following non-GAAP financial measures in this document:

Reconciliations and explanations of each non-GAAP measure are described below. Each of the non-GAAP financial measures presented should be considered in context with GAAP financial results.

Adjusted noninterest income

Adjusted noninterest income is defined as noninterest income excluding loss on sale of investment securities and loss on sale of consumer loans. These adjustments resulted from certain balance sheet repositioning activities during the periods presented that we consider to be outside of the ordinary course of business. We believe this measure allows investors to assess our noninterest income, exclusive of activities unrelated to our ordinary course business activities. A reconciliation of Adjusted noninterest income to the most directly comparable financial measure, Noninterest income, is below.

Amounts in thousands; unaudited

Three Months Ended

Nine Months Ended

September 30,

June

30,

March 31,

December 31,

September 30,

2026

2025

2026

2025

Noninterest income

21,046

23,827

20,103

22,836

2,442

64,976

(110,815

)

Loss on sale of investment securities, net

—

149,869

Loss on sale of consumer loans

—

19,918

—

19,918

Adjusted noninterest income

21,046

23,827

20,103

22,836

22,360

64,976

58,972

Adjusted noninterest expense

Adjusted noninterest expense is defined as noninterest expense excluding pension plan settlement and IPO professional services and other related expense. The pension plan settlement is related to the termination of the ASB Retirement Plan in the fourth quarter of 2025. We believe this measure allows investors to assess our noninterest expense, exclusive of activities unrelated to our ordinary course business activities. A reconciliation of Adjusted noninterest expense to the most directly comparable financial measure, Noninterest expense, is below.

Amounts in thousands; unaudited

Three Months Ended

Nine Months Ended

September 30,

June

30,

March 31,

December 31,

September 30,

2026

2025

2026

2025

Noninterest expense

59,008

61,083

56,879

81,040

58,049

176,970

165,816

Pension plan settlement

—

717

(21,275

)

—

717

—

IPO professional services and other related expense

(870

)

(1,138

)

(1,037

)

—

(3,045

)

—

Adjusted noninterest expense

58,138

59,945

56,559

59,765

58,049

174,642

165,816

Adjusted net income and Adjusted diluted earnings per share

Adjusted net income is defined as net income, excluding loss on sale of investment securities, loss on sale of consumer loans, pension plan settlement and IPO professional services and other related expense, net of taxes. These adjustments resulted from certain strategic activities during the periods presented that we consider to be outside of the ordinary course of business. A reconciliation of Adjusted net income and Adjusted diluted earnings per share to the most directly comparable financial measure, Net income (loss), is below.

Amounts in thousands, except per share amounts; unaudited

Three Months Ended

Nine Months Ended

September 30,

June

30,

March 31,

December 31,

September 30,

2026

2025

2026

2025

Net income (loss)

28,989

27,175

28,553

11,353

19,961

84,717

(41,547

)

Loss on sale of investment securities, net

—

149,869

Loss on sale of consumer loans

—

19,918

—

19,918

IPO professional services and other related expense

870

1,138

1,037

—

3,045

—

Pension plan settlement

—

(717

)

21,275

—

(717

)

—

Release of allowance for credit losses - sale of consumer loans

—

(11,500

)

—

(11,500

)

Non-GAAP pre-tax adjustments

870

1,138

320

21,275

8,418

2,328

158,287

Tax effect of Non-GAAP adjustments

(233

)

(305

)

(86

)

(5,702

)

(2,256

)

(624

)

(42,421

)

Adjusted net income

29,626

28,008

28,787

26,926

26,123

86,421

74,319

Diluted earnings per share

0.45

0.42

0.44

0.17

0.31

1.30

(0.64

)

Per share impact of Non-GAAP adjustments (after-tax)

0.01

—

0.24

0.09

0.03

1.78

Adjusted diluted earnings per share

0.46

0.43

0.44

0.41

0.40

1.33

1.14

Diluted weighted-average common stock outstanding

65,006

64,998

65,001

64,998

Pre-tax, pre-provision income

Pre-tax, pre-provision income is defined as net income, excluding income tax expense (benefit) and provision (benefit) for credit losses. We believe this measure provides investors with useful and comparative information to assess trends in the Bank's core operations reflected in the quarter's results. A reconciliation of Pre-tax, pre-provision income to the most directly comparable financial measure, Net income (loss), is below.

Amounts in thousands; unaudited

Three Months Ended

Nine Months Ended

September 30,

June

30,

March 31,

December 31,

September 30,

2026

2025

2026

2025

Net income (loss)

28,989

27,175

28,553

11,353

19,961

84,717

(41,547

)

Income tax expense (benefit)

8,680

7,488

7,866

2,560

3,958

24,034

(23,238

)

Provision (benefit) for credit losses

739

3,298

1,049

1,903

(7,816

)

5,086

(2,737

)

Pre-tax, pre-provision income

38,408

37,961

37,468

15,816

16,103

113,837

(67,522

)

Return on average assets and Adjusted return on average assets

Return on average total assets is defined as the ratio of annualized net income divided by average assets for the respective period. We believe this ratio measures our ability to generate profits from our assets. Adjusted return on average total assets is defined as the ratio of adjusted net income divided by average assets. We believe this ratio measures our ability to generate profits from our assets, exclusive of the impact of activities unrelated to our ordinary course business activities. A recalculation of Return on average assets and Adjusted return on average assets is below.

Amounts in thousands; unaudited

Three Months Ended

Nine Months Ended

September 30,

June 30,

March 31,

December 31,

September 30,

2026

2025

2026

2025

Net income (loss)

28,989

27,175

28,553

11,353

19,961

84,717

(41,547

)

Adjusted net income

29,626

28,008

28,787

26,926

26,123

86,421

74,319

Average assets

8,988,897

8,995,938

8,969,324

8,879,842

8,795,986

8,984,791

8,983,526

Return on average assets

1.29

1.21

1.27

0.51

0.91

1.26

(0.62

Adjusted return on average assets

1.32

1.25

1.28

1.21

1.19

1.28

1.10

Return on average tangible common equity and Adjusted return on average tangible common equity

Return on average tangible common equity is defined as the ratio of annualized net income divided by average tangible common equity for the respective period. We believe this ratio measures our ability to generate profits from our tangible common equity. Adjusted return on average tangible common equity is defined as the ratio of adjusted net income divided by average tangible common equity. We believe this ratio measures our ability to generate profits from our tangible common equity, exclusive of the impact of activities unrelated to our ordinary course business activities. A recalculation of Return on average tangible common equity and Adjusted return on average tangible common equity is below. Tangible common equity is calculated as total stockholders' equity less intangible assets and preferred stock. The Bank had no intangible assets and an immaterial amount of preferred stock, therefore tangible common equity is substantially the same as stockholders’ equity.

Amounts in thousands; unaudited

Three Months Ended

Nine Months Ended

September 30,

June 30,

March 31,

December 31,

September 30,

2026

2025

2026

2025

Net income (loss)

28,989

27,175

28,553

11,353

19,961

84,717

(41,547

)

Adjusted net income

29,626

28,008

28,787

26,926

26,123

86,421

74,319

Average tangible common equity

695,347

684,813

675,483

662,337

632,435

685,287

596,226

Return on average tangible common equity

16.68

15.87

16.91

6.86

12.62

16.48

(9.29

Adjusted return on average tangible common equity

17.04

16.36

17.05

16.26

16.52

16.81

16.62

Revenue and Adjusted Revenue

Revenue is defined as Net interest income plus Noninterest income. We believe this measure allows investors to monitor our ability to generate capital from operations. Adjusted revenue is defined as Net interest income plus Adjusted noninterest income. We believe this measure allows investors to monitor our ability to generate capital from operations, exclusive of the impact of activities unrelated to our ordinary course business activities. A recalculation of Revenue and Adjusted Revenue is below.

Amounts in thousands; unaudited

Three Months Ended

Nine Months Ended

September 30,

June

30,

March 31,

December 31,

September 30,

2026

2025

2026

2025

Net interest income

76,370

75,217

74,244

74,020

71,710

225,831

209,109

Noninterest income

21,046

23,827

20,103

22,836

2,442

64,976

(110,815

)

Total revenue

97,416

99,044

94,347

96,856

74,152

290,807

98,294

Loss on sale of investment securities, net

—

149,869

Loss on sale of consumer loans

—

19,918

—

19,918

Adjusted total revenue

97,416

99,044

94,347

96,856

94,070

290,807

268,081

Efficiency ratio and Adjusted efficiency ratio

Efficiency ratio is defined as the ratio of Noninterest expense to Revenue. We believe this ratio allows investors to measure our operational efficiency. Adjusted efficiency ratio is defined as the Adjusted noninterest expense to Adjusted revenue. We believe this measure allows investors to measure our efficiency, exclusive of the impact of activities unrelated to our ordinary course business activities. A recalculation of Efficiency ratio and Adjusted efficiency ratio is below.

Amounts in thousands; unaudited

Three Months Ended

Nine Months Ended

September 30,

June

30,

March 31,

December 31,

September 30,

2026

2025

2026

2025

Noninterest expense

59,008

61,083

56,879

81,040

58,049

176,970

165,816

Total revenue

97,416

99,044

94,347

96,856

74,152

290,807

98,294

Efficiency ratio

60.6

61.7

60.3

83.7

78.3

60.9

168.7

Adjusted noninterest expense

58,138

59,945

56,559

59,765

58,049

174,642

165,816

Adjusted total revenue

97,416

99,044

94,347

96,856

94,070

290,807

268,081

Adjusted efficiency ratio

59.7

60.5

60.0

61.7

60.1

61.9