What changed in this filing

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Item 1. Financial Statements

2026-08-06 compared with 2026-05-07 · 155 added, 156 removed, 1079 unchanged (22% of the section changed)

10 unchanged sentences

Mortgage loans held for sale ($ 14,478 and $ 22,861 measured at fair value, respectively)

14,478 57,662

Loans held for investment, net:

23 unchanged sentences

332,318,750 shares issued;

280,476,186 and 280,590,497 outstanding at March 31, 2026 and September 30, 2025, respectively

280,440,995 and 280,590,497 outstanding at June 30, 2026 and September 30, 2025, respectively

Paid-in capital 1,761,637 1,757,813

Treasury stock, at cost;

51,842,564 and 51,728,253 shares at March 31, 2026 and September 30, 2025, respectively

51,877,755 and 51,728,253 shares at June 30, 2026 and September 30, 2025, respectively

( 778,588 ) ( 774,340 )

9 unchanged sentences

(In thousands, except share and per share data)

For the Three Months Ended For the Six Months Ended

March 31, March 31,

For the Three Months Ended For the Nine Months Ended

June 30, June 30,

2026 2025 2026 2025

38 unchanged sentences

(In thousands)

For the Three Months Ended For the Six Months Ended

March 31, March 31,

For the Three Months Ended For the Nine Months Ended

June 30, June 30,

2026 2025 2026 2025

7 unchanged sentences

17,416 ( 16,797 ) 29,848 ( 397 )

Total comprehensive income (loss)

$ 35,679 $ ( 5,000 ) $ 57,953 $ 59,847

Total comprehensive income $ 47,956 $ 4,716 $ 105,909 $ 64,563

See accompanying notes to unaudited interim consolidated financial statements.

2 unchanged sentences

(In thousands, except share and per share data)

For the Three Months Ended March 31, 2025

For the Three Months Ended June 30, 2025

Paid-in capital

4 unchanged sentences

Total shareholders' equity

Balance at December 31, 2024 $ 3,323 $ 1,754,241 $ ( 771,572 ) $ ( 21,667 ) $ 923,139 $ 26,813 $ 1,914,277

Balance at March 31, 2025 $ 3,323 $ 1,755,054 $ ( 771,123 ) $ ( 20,584 ) $ 929,195 $ 792 $ 1,896,657

— — — — 21,513 — $ 21,513

5 unchanged sentences

— 947 — — — — $ 947

Purchase of treasury stock ( 57,500 shares)

— — ( 740 ) — — — $ ( 740 )

Treasury stock allocated to equity incentive plans

2 unchanged sentences

— — — — ( 14,966 ) — $ ( 14,966 )

Balance at March 31, 2025 $ 3,323 $ 1,755,054 $ ( 771,123 ) $ ( 20,584 ) $ 929,195 $ 792 $ 1,896,657

For the Three Months Ended March 31, 2026

Balance at June 30, 2025 $ 3,323 $ 1,756,307 $ ( 771,861 ) $ ( 19,500 ) $ 935,742 $ ( 16,005 ) $ 1,888,006

For the Three Months Ended June 30, 2026

Common Stock Paid-in capital Treasury stock Unallocated common stock held by ESOP Retained earnings Accumulated other comprehensive income (loss) Total shareholders' equity

Balance at December 31, 2025 $ 3,323 $ 1,756,360 $ ( 774,311 ) $ ( 17,334 ) $ 954,158 $ ( 21,231 ) $ 1,900,965

Balance at March 31, 2026 $ 3,323 $ 1,758,387 $ ( 776,404 ) $ ( 16,250 ) $ 962,213 $ ( 8,799 ) $ 1,922,470

Net Income — — — — 30,540 — 30,540

Other comprehensive income (loss), net of tax

— — — — — 12,432 12,432

Other comprehensive income, net of tax — — — — — 17,416 17,416

ESOP shares allocated or committed to be released — 607 — 1,083 — — 1,690

5 unchanged sentences

— — — — ( 15,164 ) — ( 15,164 )

Balance at March 31, 2026 $ 3,323 $ 1,758,387 $ ( 776,404 ) $ ( 16,250 ) $ 962,213 $ ( 8,799 ) $ 1,922,470

For the Six Months Ended March 31, 2025

Balance at June 30, 2026 $ 3,323 $ 1,761,637 $ ( 778,588 ) $ ( 15,167 ) $ 977,589 $ 8,617 $ 1,957,411

For the Nine Months Ended June 30, 2025

stock Paid-in

12 unchanged sentences

Compensation costs for equity incentive plans — 2,802 — — — — 2,802

Purchase of treasury stock ( 57,500 shares)

— — ( 740 ) — — — ( 740 )

Treasury stock allocated to equity incentive plan — ( 1,845 ) 1,074 — — — ( 771 )

1 unchanged sentence

— — — — ( 44,707 ) — ( 44,707 )

Balance at March 31, 2025 $ 3,323 $ 1,755,054 $ ( 771,123 ) $ ( 20,584 ) $ 929,195 $ 792 $ 1,896,657

For the Six Months Ended March 31, 2026

Balance at June 30, 2025 $ 3,323 $ 1,756,307 $ ( 771,861 ) $ ( 19,500 ) $ 935,742 $ ( 16,005 ) $ 1,888,006

For the Nine Months Ended June 30, 2026

stock Paid-in

8 unchanged sentences

Net income — — — — 76,061 — 76,061

Other comprehensive income (loss), net of tax

— — — — — 12,432 12,432

Other comprehensive income, net of tax — — — — — 29,848 29,848

ESOP shares allocated or committed to be released — 1,459 — 3,250 — — 4,709

5 unchanged sentences

— — — — ( 45,248 ) — ( 45,248 )

Balance at March 31, 2026 $ 3,323 $ 1,758,387 $ ( 776,404 ) $ ( 16,250 ) $ 962,213 $ ( 8,799 ) $ 1,922,470

Balance at June 30, 2026 $ 3,323 $ 1,761,637 $ ( 778,588 ) $ ( 15,167 ) $ 977,589 $ 8,617 $ 1,957,411

See accompanying notes to unaudited interim consolidated financial statements.

1 unchanged sentence

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (In thousands)

For the Six Months Ended March 31,

For the Nine Months Ended June 30,

CASH FLOWS FROM OPERATING ACTIVITIES:

9 unchanged sentences

Loan originations, acquisitions and principal repayments on loans held for sale ( 29,107 ) ( 57,322 )

( 24,699 ) ( 32,537 )

Increase in bank owned life insurance contracts ( 7,776 ) ( 8,109 )

Net decrease in interest receivable and other assets 6,598 8,602

Net increase (decrease) in accrued expenses and other liabilities 2,641 ( 4,190 )

Net (increase) decrease in interest receivable and other assets ( 2,166 ) 7,230

Net increase in accrued expenses and other liabilities 12,180 1,178

Net cash provided by operating activities 108,900 93,522

13 unchanged sentences

Other 2,796 2,487

Net cash provided by (used in) investing activities 5,601 ( 46,325 )

Net cash used in investing activities ( 497,843 ) ( 310,366 )

CASH FLOWS FROM FINANCING ACTIVITIES:

1 unchanged sentence

Net increase in borrowers' advances for insurance and taxes 46,566 4,262

Net decrease in principal and interest owed on loans serviced ( 1,131 ) ( 1,504 )

Net increase (decrease) in short-term borrowed funds 351,000 74,000

Net increase in principal and interest owed on loans serviced 14,355 1,484

Net increase in short-term borrowed funds 1,146,000 420,000

Net increase in Fed Funds purchased 150,000 —

Proceeds from long-term borrowed funds 50,000 100,000

Repayment of long-term borrowed funds ( 401,275 ) ( 426,520 )

Cash collateral/settlements (provided to) received from derivative counterparties

( 31,563 ) 20,354

Cash collateral/settlements received from (provided to) derivative counterparties 33,015 ( 2,131 )

Acquisition or net settlement of treasury shares ( 6,263 ) ( 1,511 )

Dividends paid to common shareholders ( 44,946 ) ( 44,669 )

Net cash used in financing activities ( 74,147 ) ( 20,580 )

Net cash provided by financing activities 528,438 205,707

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 139,495 ( 11,137 )

18 unchanged sentences

The principal line of business of the Company is retail consumer banking, including mortgage lending, deposit gathering, and other financial services.

As of March 31, 2026, approximately 81.0 % of the Company’s outstanding shares were owned by the federally chartered mutual holding company, Third Federal Savings, MHC.

As of June 30, 2026, approximately 81.0 % of the Company’s outstanding shares were owned by the federally chartered mutual holding company, Third Federal Savings, MHC.

The thrift subsidiary of TFS Financial Corporation is Third Federal Savings and Loan Association of Cleveland.

5 unchanged sentences

The allowance for credit losses, the valuation of deferred tax assets, and the determination of pension obligations are particularly subject to change.

The unaudited interim consolidated financial statements reflect all adjustments of a normal recurring nature which, in the opinion of management, are necessary to present fairly the consolidated financial condition of the Company at March 31, 2026, and its consolidated results of operations and cash flows for the periods presented.

The unaudited interim consolidated financial statements reflect all adjustments of a normal recurring nature which, in the opinion of management, are necessary to present fairly the consolidated financial condition of the Company at June 30, 2026, and its consolidated results of operations and cash flows for the periods presented.

Such adjustments are the only adjustments reflected in the unaudited interim financial statements.

15 unchanged sentences

For purposes of computing dilutive EPS, stock options and restricted and performance share units with a dilutive impact are added to the outstanding shares used in the basic EPS calculation.

Unvested shares awarded pursuant to the Company's restricted stock plans are treated as participating securities in the computation of EPS pursuant to the two-class method if they contain nonforfeitable rights to dividends.

The two-class method is an earnings allocation that determines EPS for each class of common stock and

participating security.

rights to dividends.

The two-class method is an earnings allocation that determines EPS for each class of common stock and participating security.

Excluded from the calculation of basic EPS are performance share units that are contingently issuable and not participating securities, and certain restricted stock units with forfeitable rights to dividends.

At March 31, 2026 and 2025, the ESOP held 1,625,021 and 2,058,361 shares, respectively, that were neither allocated to participants nor committed to be released to participants.

At June 30, 2026 and 2025, the ESOP held 1,516,686 and 1,950,026 shares, respectively, that were neither allocated to participants nor committed to be released to participants.

The following is a summary of the Company's EPS calculations.

For the Three Months Ended March 31,

For the Three Months Ended June 30,

Income Shares Per share

8 unchanged sentences

Income available to common shareholders $ 30,142 280,176,516 $ 0.11 $ 21,150 279,873,274 $ 0.08

For the Six Months Ended March 31,

For the Nine Months Ended June 30,

Income Shares Per share

9 unchanged sentences

The following is a summary of outstanding stock options and restricted and performance share units that are excluded from the computation of diluted EPS because their inclusion would be anti-dilutive.

For the Three Months Ended March 31, For the Six Months Ended March 31,

For the Three Months Ended June 30, For the Nine Months Ended June 30,

2026 2025 2026 2025

3 unchanged sentences

Investments available for sale are summarized in the tables below.

March 31, 2026

June 30, 2026

Unrealized Fair

11 unchanged sentences

Total $ 542,197 $ 2,292 $ ( 23,830 ) $ 520,659

At March 31, 2026 and September 30, 2025, investment securities included $ 0 and $ 50,032 , respectively, of U.S.

At June 30, 2026 and September 30, 2025, investment securities included $ 46,364 and $ 50,032 , respectively, of U.S.

government obligations pledged as collateral on the Company's open swap positions to meet margin requirements established by the clearing organization.

Accrued interest on investment securities is $ 1,457 and $ 2,556 at March 31, 2026 and September 30, 2025, respectively, and is reported in accrued interest receivable on the CONSOLIDATED STATEMENTS OF CONDITION .

The following is a summary of the Company's securities portfolio by the period remaining until contractual maturity and by weighted average yield at March 31, 2026 and September 30, 2025.

Accrued interest on investment securities is $ 1,719 and $ 2,556 at June 30, 2026 and September 30, 2025, respectively, and is reported in accrued interest receivable on the CONSOLIDATED STATEMENTS OF CONDITION .

The following is a summary of the Company's securities portfolio by the period remaining until contractual maturity and by weighted average yield at June 30, 2026 and September 30, 2025.

Maturities are based on the final contractual payment dates, and do not reflect the impact of prepayments or early redemptions that may occur.

Weighted average yields are not presented on a tax-equivalent basis and are calculated by multiplying each carry value by its yield and dividing the sum of these results by the total carry values.

The Company did not hold any tax-exempt securities at March 31, 2026 or September 30, 2025.

March 31, 2026 September 30, 2025

The Company did not hold any tax-exempt securities at June 30, 2026 or September 30, 2025.

June 30, 2026 September 30, 2025

Amortized Cost Fair Value Weighted Average Yield Amortized Cost Fair Value Weighted Average Yield

4 unchanged sentences

Total $ 505,645 $ 482,431 3.43 % $ 542,197 $ 520,659 3.54 %

Gross unrealized losses on available for sale securities and the estimated fair value of the related securities, aggregated by the length of time the securities have been in a continuous loss position, at March 31, 2026 and September 30, 2025, were as follows:

March 31, 2026

Gross unrealized losses on available for sale securities and the estimated fair value of the related securities, aggregated by the length of time the securities have been in a continuous loss position, at June 30, 2026 and September 30, 2025, were as follows:

June 30, 2026

Less Than 12 Months 12 Months or More Total

24 unchanged sentences

Treasury Department has established financing agreements to ensure Fannie Mae and Freddie Mac meet their obligations to holders of mortgage-backed securities that they have issued or guaranteed.

Since the decline in value is primarily attributable to an increase in market interest rates since the dates of acquisition and not credit quality deterioration, and because there is no intent to sell the securities and it is unlikely that the Company will be required to sell the securities prior to recovery of the amortized cost, the Company did not record an allowance for credit losses on investment securities as of March 31, 2026 or September 30, 2025 .

LOANS AND ALLOWANCE FOR CREDIT LOSSES

18 unchanged sentences

Loans held for investment are carried at amortized cost, which includes outstanding principal balance adjusted for any unamortized premiums or discounts, net of deferred fees and expenses and any applicable loans-in-process.

Accrued interest is $ 58,446 and $ 59,980 as of March 31, 2026 and September 30, 2025, respectively, and is reported in accrued interest receivable on the CONSOLIDATED STATEMENTS OF CONDITION.

Accrued interest is $ 61,950 and $ 59,980 as of June 30, 2026 and September 30, 2025, respectively, and is reported in accrued interest receivable on the CONSOLIDATED STATEMENTS OF CONDITION.

A large concentration of the Company’s lending is in Ohio and Florida.

At March 31, 2026 and September 30, 2025, the percentage of aggregate Residential Core, Residential Home Today and Construction loans secured by properties in Ohio was 59 % at both dates, and the percentage of those loans secured by properties in Florida was 17 % at both dates.

As of March 31, 2026 and September 30, 2025, home equity lines of credit were concentrated in Ohio ( 22 % at both dates), Florida ( 21 % at both dates), and California ( 17 % at both dates), and home equity loans were concentrated in Ohio ( 21 % and 23 %, respectively), Florida ( 19 % and 22 %, respectively), and California ( 19 % and 18 %, respectively).

At June 30, 2026 and September 30, 2025, the percentage of aggregate Residential Core, Residential Home Today and Construction loans secured by properties in Ohio was 59 % at both dates, and the percentage of those loans secured by properties in Florida was 16 % and 17 %, respectively.

As of June 30, 2026 and September 30, 2025, home equity lines of credit were concentrated in Ohio ( 22 % at both dates), Florida ( 21 % at both dates), and California ( 17 % at both dates), and home equity loans were concentrated in Ohio ( 21 % and 23 %, respectively), Florida ( 18 % and 22 %, respectively), and California ( 19 % and 18 %, respectively).

Residential Core mortgage loans represent the largest portion of the residential real estate portfolio.

4 unchanged sentences

With limited historical loss experience compared to other types of loans in the portfolio, judgment is required by management in assessing the allowance required on adjustable-rate mortgage loans.

The principal amount of adjustable-rate mortgage loans included in the Residential Core portfolio was $ 3,717,061 and $ 3,944,540 at March 31, 2026 and September 30, 2025, respectively.

The principal amount of adjustable-rate mortgage loans included in the Residential Core portfolio was $ 3,615,041 and $ 3,944,540 at June 30, 2026 and September 30, 2025, respectively.

Home Today was an affordable housing program targeted to benefit low- and moderate-income home buyers.

7 unchanged sentences

The Company offers construction/permanent loans with fixed or adjustable-rates, and a current maximum loan-to-completed-appraised value ratio of 85 %.

Other loans are comprised of loans secured by certificate of deposit accounts, which are fully secured and recoverable in the event of non-payment, and forgivable down payment assistance loans, which are unsecured loans used as down payment assistance to borrowers qualified through partner housing agencies.

Other loans are comprised of forgivable down payment assistance loans, which are unsecured loans used as down payment assistance to borrowers qualified through partner housing agencies.

At September 30, 2025, other loans also included loans secured by certificate of deposit accounts;

that product is no longer offered by the Company at June 30, 2026.

The Company records a liability for the down payment assistance loans which are forgiven in equal increments over a pre-determined term, subject to residency requirements.

1 unchanged sentence

Additionally, loans originated or acquired for the held for investment portfolio may later be identified for sale and transferred to the held for sale portfolio, which may include loans originated or acquired within the parameters of programs established by Fannie Mae.

During the three and six months ended March 31, 2026 and March 31, 2025, reclassifications to the held for sale portfolio included loans that were sold during the period, including those in contracts pending settlement at the end of the period, and loans originated for the held for investment portfolio that were later identified for sale.

At March 31, 2026 and September 30, 2025, mortgage loans held for sale totaled $ 5,051 and $ 57,662 , respectively.

During the three and six months ended March 31, 2026, the principal balance of loans sold, according to trade date, was $ 94,426 and $ 204,057 (including loans in contracts pending settlement) compared to $ 75,159 and $ 147,190 (including loans in contracts pending settlement) during the three and six months ended March 31, 2025.

During the three and six months ended March 31, 2026, the amortized cost of loans originated as held for sale that were subsequently transferred to the held for investment portfolio was $ 2,239 and $ 9,666 , respectively, compared to $ 0 and $ 1,327 , respectively, during the three and six months ended March 31, 2025.

During the three and nine months ended June 30, 2026 and June 30, 2025, reclassifications to the held for sale portfolio included loans that were sold during the period, including those in contracts pending settlement at the end of the period, and loans originated for the held for investment portfolio that were later identified for sale.

At June 30, 2026 and September 30, 2025, mortgage loans held for sale totaled $ 14,478 and $ 57,662 , respectively.

During the three and nine months ended June 30, 2026, the principal balance of loans sold, according to trade date, was $ 56,262 and $ 260,319 (including loans in contracts pending settlement) compared to $ 63,372 and $ 210,562 (including loans in contracts pending settlement) during the three and nine months ended June 30, 2025.

During the three and nine months ended June 30, 2026, the amortized cost of loans originated as held for sale that were subsequently transferred to the held for investment portfolio was $ 5,109 and $ 14,748 , respectively, compared to $ 0 and $ 1,327 , respectively, during the three and nine months ended June 30, 2025.

DELINQUENCY and NON-ACCRUAL

An aging analysis of the amortized cost in loan receivables that are past due at March 31, 2026 and September 30, 2025, is summarized in the following tables.

An aging analysis of the amortized cost in loan receivables that are past due at June 30, 2026 and September 30, 2025, is summarized in the following tables.

When a loan is more than one month past due on its scheduled payments, the loan is considered 30 days or more past due, regardless of the number of days in each month.

3 unchanged sentences

Due Current Total

March 31, 2026

June 30, 2026

Real estate loans:

33 unchanged sentences

Non-accrual with no ACL describes non-accrual loans which have no quantitative allowance, primarily because they have already been subject to collateral review and any required charge-offs have been taken, but may be included in consideration of qualitative allowance factors.

There are no loans 90 or more days past due and still accruing at March 31, 2026 or September 30, 2025.

March 31, 2026 September 30, 2025

There are no loans 90 or more days past due and still accruing at June 30, 2026 or September 30, 2025.

June 30, 2026 September 30, 2025

Non-accrual with No ACL

8 unchanged sentences

Total non-accrual loans $ 34,373 $ 40,263 $ 33,070 $ 38,706

At March 31, 2026 and September 30, 2025, the amortized cost in non-accrual loans includes $ 20,388 and $ 21,458 , respectively, which are performing according to the terms of their agreement, of which $ 13,961 and $ 13,843 , respectively, are loans in Chapter 7 bankruptcy status, primarily where all borrowers have filed, and have not reaffirmed or been dismissed.

At March 31, 2026 and September 30, 2025, real estate loans include $ 12,798 and $ 9,918 , respectively, of loans that were in the process of foreclosure.

At June 30, 2026 and September 30, 2025, the amortized cost of non-accrual loans includes $ 20,753 and $ 21,458 , respectively, which are performing according to the terms of their agreement, of which $ 14,566 and $ 13,843 , respectively, are loans in Chapter 7 bankruptcy status, primarily where all borrowers have filed, and have not reaffirmed or been dismissed.

At June 30, 2026 and September 30, 2025, real estate loans include $ 12,902 and $ 9,918 , respectively, of loans that were in the process of foreclosure.

Interest on loans in accrual status is recognized in interest income as it accrues on a daily basis.

2 unchanged sentences

Cash payments on loans in non-accrual status are applied to the oldest scheduled, unpaid payment first.

The amount of interest income recognized on non-accrual loans was $ 211 and $ 496 for the three and six months ended March 31, 2026, and $ 243 and $ 479 for the three and six months ended March 31, 2025, respectively.

The amount of interest income recognized on non-accrual loans was $ 242 and $ 738 for the three and nine months ended June 30, 2026, and $ 278 and $ 757 for the three and nine months ended June 30, 2025, respectively.

Cash payments on loans with a partial charge-off are applied fully to principal, then to recovery of the charged off amount prior to interest income being recognized, except cash payments may be applied to interest capitalized in a modification when collection of remaining amounts due is considered probable.

12 unchanged sentences

The qualitative adjustments resulted in a negative ending balance on the allowance for credit losses for the Home Today portfolio, where recoveries are expected to exceed charge-offs over the remaining life of that portfolio.

The net qualitative adjustment at March 31, 2026, was a reduction to the allowance for credit losses of $ 684 , compared to a reduction of $ 1,801 at September 30, 2025.

The net qualitative adjustment at June 30, 2026, was a reduction to the allowance for credit losses of $ 175 , compared to a reduction of $ 1,801 at September 30, 2025.

Qualitative adjustments are evaluated quarterly, at a minimum, based on current facts and circumstances.

During the quarter ended June 30, 2026, management updated loss estimates for certain long-term fixed-rate home equity loan products, resulting in a reduction in the allowance for credit losses allocated to the home equity loan portfolio despite continued growth.

Partial or full charge-offs are recognized for the amount of credit losses on loans when the borrower is experiencing financial difficulty.

18 unchanged sentences

LOAN COMMITMENTS AND CONTINGENT LIABILITIES for further details on the allowance for unfunded commitments.

For the Three Months Ended March 31, 2026

For the Three Months Ended June 30, 2026

Balance Provisions (Releases) Charge-offs Recoveries Ending

2 unchanged sentences

Residential Home Today ( 1,984 ) ( 116 ) ( 4 ) 390 ( 1,714 )

( 2,139 ) ( 265 ) 26 394 ( 1,984 )

Home equity lines of credit 23,383 1,370 ( 336 ) 572 24,989

5 unchanged sentences

Total Allowance for Credit Losses $ 104,850 $ ( 3,500 ) $ ( 455 ) $ 1,148 $ 102,043

For the Three Months Ended March 31, 2025

For the Three Months Ended June 30, 2025

Balance Provisions (Releases) Charge-offs Recoveries Ending

9 unchanged sentences

Total Allowance for Credit Losses $ 99,926 $ 1,500 $ ( 220 ) $ 1,165 $ 102,371

For the Six Months Ended March 31, 2026

For the Nine Months Ended June 30, 2026

Balance Provisions (Releases) Charge-offs Recoveries Ending

2 unchanged sentences

Residential Home Today ( 2,438 ) ( 531 ) ( 14 ) 1,269 ( 1,714 )

( 2,438 ) ( 415 ) ( 10 ) 879 ( 1,984 )

Home equity lines of credit

8 unchanged sentences

(1) For all periods presented, the total allowance for unfunded loan commitments is recognized in accrued expenses and other liabilities on the CONSOLIDATED STATEMENTS OF CONDITION and primarily relates to undrawn home equity lines of credit.

(2) The Residential Home Today Charge-off total includes a charge-off reversal from the quarter ended December 31, 2025.

For the Six Months Ended March 31, 2025

For the Nine Months Ended June 30, 2025

Balance Provisions (Releases) Charge-offs Recoveries Ending

22 unchanged sentences

2026 2025 2024 2023 2022 Prior Total

March 31, 2026

June 30, 2026

Real estate loans:

64 unchanged sentences

There were no gross charge-offs in the construction loan portfolios for the periods presented.

For the Six Months Ended March 31, 2026

For the Nine Months Ended June 30, 2026

By fiscal year of origination

4 unchanged sentences

Residential Home Today — — — — — 14 — — 14

— — — — — 10 — — 10

Home equity lines of credit — — — — — — 639 200 839

1 unchanged sentence

Total real estate loans $ — $ 73 $ 61 $ 115 $ 46 $ 80 $ 639 $ 200 $ 1,214

(1) The Residential Home Today charge-off total includes a charge off reversal from quarter ended December 31, 2025.

For the Six Months Ended March 31, 2025

For the Nine Months Ended June 30, 2025

By fiscal year of origination

7 unchanged sentences

Total real estate loans $ — $ — $ — $ — $ 17 $ 33 $ 393 $ 374 $ 817

The home equity lines of credit that converted from revolving to term loans during the three and six months ended March 31, 2026, totaled $ 4,276 and $ 7,366 , respectively, and during the three and six months ended March 31, 2025, totaled $ 3,872 and $ 6,814 , respectively.

The home equity lines of credit that converted from revolving to term loans during the three and nine months ended June 30, 2026, totaled $ 6,011 and $ 12,009 , respectively, and during the three and nine months ended June 30, 2025, totaled $ 5,109 and $ 11,333 , respectively.

The number of conversions to term loans is expected to remain relatively low for several years since the length of the draw period on new originations changed from five to 10 years in 2016.

7 unchanged sentences

Other loans are internally assigned a grade of non-performing when they become 90 days or more past due.

At March 31, 2026 and September 30, 2025, no other loans were graded as non-performing.

At June 30, 2026 and September 30, 2025, no other loans were graded as non-performing.

MODIFICATIONS TO BORROWERS EXPERIENCING FINANCIAL DIFFICULTY

9 unchanged sentences

The following tables present the amortized cost of modifications by type executed during the periods presented for borrowers experiencing financial difficulty.

For the three and six months ended March 31, 2026 and March 31, 2025, there were no modifications made on construction loans.

For the Three Months Ended March 31, 2026

For the three and nine months ended June 30, 2026 and June 30, 2025, there were no modifications made on construction loans.

For the Three Months Ended June 30, 2026

Interest Rate Reduction

10 unchanged sentences

Total $ — $ 884 $ 1,284 $ 2 $ 234 $ 2,404 0.01 %

For the Three Months Ended March 31, 2025

For the Three Months Ended June 30, 2025

Interest Rate Reduction

10 unchanged sentences

Total $ — $ 427 $ 924 $ 529 $ — $ 1,880 0.01 %

For the Six Months Ended March 31, 2026

For the Nine Months Ended June 30, 2026

Interest Rate Reduction Term Extension Significant Payment Delay Combination-Rate Reduction & Term Extension Other Total % of Total Class

4 unchanged sentences

Total $ — $ 1,699 $ 2,354 $ 398 $ 234 $ 4,685 0.03 %

For the Six Months Ended March 31, 2025

For the Nine Months Ended June 30, 2025

Interest Rate Reduction

11 unchanged sentences

The following tables present the financial effects of the loan modifications presented above based on the type of modification.

For the Three Months Ended March 31, 2026 For the Three Months Ended March 31, 2025

For the Three Months Ended June 30, 2026 For the Three Months Ended June 30, 2025

Interest Rate Reduction

14 unchanged sentences

— % — % 21.2 — % — % 0.0

For the Six Months Ended March 31, 2026 For the Six Months Ended March 31, 2025

For the Nine Months Ended June 30, 2026 For the Nine Months Ended June 30, 2025

Interest Rate Reduction Term Extension Interest Rate Reduction Term Extension

11 unchanged sentences

Modifications made to borrowers experiencing financial difficulty that subsequently become 90 days or more past due under the modified terms are considered subsequently defaulted.

The following table provides information, by type of modification, about loans that were modified within the last 12 months and subsequently defaulted during the three and six months ended March 31, 2026 and March 31, 2025.

There were no home equity loans that subsequently defaulted for the three and six months ended March 31, 2026 and March 31, 2025.

For the Three Months Ended March 31, 2026

The following table provides information, by type of modification, about loans that were modified within the last 12 months and subsequently defaulted during the three and nine months ended June 30, 2026 and June 30, 2025.

There were no home equity loans that subsequently defaulted for the three and nine months ended June 30, 2026 and June 30, 2025.

For the Three Months Ended June 30, 2026

Interest Rate Reduction Term Extension Significant Payment Delay Combination-Rate Reduction & Term Extension Other Total

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Total $ — $ — $ 152 $ — $ — $ 152

For the Three Months Ended March 31, 2025

For the Three Months Ended June 30, 2025

Interest Rate Reduction Term Extension Significant Payment Delay Combination-Rate Reduction & Term Extension Other Total

3 unchanged sentences

$ — $ — $ 371 $ — $ 336 $ 707

For the Six Months Ended March 31, 2026

For the Nine Months Ended June 30, 2026

Interest Rate Reduction Term Extension Significant Payment Delay Combination-Rate Reduction & Term Extension Other Total

3 unchanged sentences

Total $ — $ — $ 579 $ 45 $ — $ 624

For the Six Months Ended March 31, 2025

For the Nine Months Ended June 30, 2025

Interest Rate Reduction Term Extension Significant Payment Delay Combination-Rate Reduction & Term Extension Other Total

3 unchanged sentences

Total $ — $ — $ 371 $ — $ 336 $ 707

The following tables present performance by loan type as of March 31, 2026 and March 31, 2025, on loans modified during the previous 12 months for borrowers experiencing financial difficulties.

The following tables present performance by loan type as of June 30, 2026 and June 30, 2025, on loans modified during the previous 12 months for borrowers experiencing financial difficulties.

The loans in delinquency status primarily consisted of loans with significant payment delays prior to modification, which continue to be reported delinquent based on their original contractual terms.

March 31, 2026 30-59

June 30, 2026 30-59

Past Due 60-89

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Total $ 50 $ 65 $ 887 $ 1,002 $ 4,775 $ 5,777

March 31, 2025 30-59

June 30, 2025 30-59

Past Due 60-89

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Total deposits $ 9,992,423 $ 10,446,968

The aggregate amount of CDs in denominations of more than $250 was $ 1,538,729 and $ 1,533,487 at March 31, 2026 and September 30, 2025, respectively.

The aggregate amount of CDs in denominations of more than $250 was $ 1,498,436 and $ 1,533,487 at June 30, 2026 and September 30, 2025, respectively.

In accordance with the DFA, the maximum amount of federal deposit insurance is $250 per depositor for each account ownership category.

Brokered CDs (exclusive of acquisition costs and subsequent amortization), which are used as a cost effective funding alternative, totaled $ 863,657 and $ 902,083 at March 31, 2026 and September 30, 2025, respectively, of which $550,000 and $575,000 were aligned with interest rate swaps as discussed in Note 13.

Brokered CDs (exclusive of acquisition costs and subsequent amortization) totaled $ 920,452 and $ 902,083 at June 30, 2026 and September 30, 2025, respectively.

These CDs are used as a cost effective funding alternative, with $600,000 and $575,000, respectively, aligned with interest rate swaps as discussed in Note 13.

DERIVATIVE INSTRUMENTS .

The FDIC places restrictions on banks with regard to issuing brokered deposits based on the bank's capital classification.

As a well-capitalized institution at March 31, 2026 and September 30, 2025, the Association may accept brokered deposits without FDIC restrictions.

As a well-capitalized institution at June 30, 2026 and September 30, 2025, the Association may accept brokered deposits without FDIC restrictions.

BORROWED FUNDS

At March 31, 2026, the Association had a maximum borrowing capacity of $7,599,493, of which $5,127,577 was outstanding.

At June 30, 2026, the Association had a maximum borrowing capacity of $7,647,898, of which $5,797,262 was outstanding.

Borrowings from the FHLB of Cincinnati are secured by the Association’s investment in the common stock of the FHLB of Cincinnati, as well as by a blanket pledge of its mortgage portfolio not otherwise pledged.

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Additionally, the ability to borrow from the FRB-Cleveland Discount Window is available to the Association and is secured by a pledge of specific loans in the Association’s mortgage portfolio.

Total borrowings at March 31, 2026 are summarized in the table below:

Total borrowings at June 30, 2026 are summarized in the table below:

Borrowing Capacity Borrowings Available Borrowings Outstanding

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Total Borrowings $ 5,810,914

Maturities of borrowings at March 31, 2026 are summarized in the table below:

Maturities of borrowings at June 30, 2026 are summarized in the table below:

Amount Weighted Average Rate

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Interest is payable monthly for long-term FHLB advances and generally at maturity for FHLB advances with terms of three months or less.

For the three and six months ended March 31, 2026, and March 31, 2025, net interest expense related to short-term borrowings, with original maturities of twelve months or less, was $ 29,661 and $ 57,774 , and $ 24,227 and $ 49,426 , respectively.

For the three and nine months ended June 30, 2026, and June 30, 2025, net interest expense related to short-term borrowings, with original maturities of twelve months or less, was $ 34,971 and $ 92,745 , and $ 24,994 and $ 74,420 , respectively.

OTHER COMPREHENSIVE INCOME (LOSS)

1 unchanged sentence

For the Three Months Ended For the Three Months Ended

March 31, 2026 March 31, 2025

June 30, 2026 June 30, 2025

Unrealized Gains (Losses) on Securities Available for Sale Cash Flow Hedges Defined Benefit Plan Total Unrealized Gains (Losses) on Securities Available for Sale Cash Flow Hedges Defined Benefit Plan Total

6 unchanged sentences

$ ( 342 ) $ 5,676 $ — $ 5,334 $ 867 $ ( 5,854 ) $ — $ ( 4,987 )

For the Six Months Ended For the Six Months Ended

March 31, 2026 March 31, 2025

For the Nine Months Ended For the Nine Months Ended

June 30, 2026 June 30, 2025

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Other Comprehensive Income

Details about Accumulated Other Comprehensive Income Components For the Three Months Ended March 31, For the Six Months Ended March 31, Line Item in the Consolidated Statements of Income

Details about Accumulated Other Comprehensive Income Components For the Three Months Ended June 30, For the Nine Months Ended June 30, Line Item in the Consolidated Statements of Income

2026 2025 2026 2025

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federal jurisdiction and in various state and city jurisdictions.

The Company’s combined federal and state effective income tax rate was 22.0 % and 20.9 % for the six months ended March 31, 2026 and March 31, 2025, respectively.

The Company’s combined federal and state effective income tax rate was 21.6 % and 21.0 % for the nine months ended June 30, 2026 and June 30, 2025, respectively.

The increase in the effective tax rate is primarily due to higher non-deductible compensation and higher effective income tax rates in certain states that adopted single-sales factor apportionment.

4 unchanged sentences

The Company accounts for its interests in LIHTCs using the proportional amortization method.

The impact of the Company's investments in tax credit entities on the provision for income taxes was not material during the six months ended March 31, 2026 and March 31, 2025.

The impact of the Company's investments in tax credit entities on the provision for income taxes was not material during the nine months ended June 30, 2026 and June 30, 2025.

DEFINED BENEFIT PLAN

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The components of net periodic cost recognized in other non-interest expense in the CONSOLIDATED STATEMENTS OF INCOME are as follows:

For the Three Months Ended For the Six Months Ended

March 31, March 31,

For the Three Months Ended For the Nine Months Ended

June 30, June 30,

2026 2025 2026 2025

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$ ( 100 ) $ ( 457 ) $ ( 300 ) $ ( 1,370 )

There were no required minimum employer contributions during the six months ended March 31, 2026.

There were no required minimum employer contributions during the nine months ended June 30, 2026.

There are no required minimum employer contributions expected during the remainder of the fiscal year ending September 30, 2026.

EQUITY INCENTIVE PLAN

During the six months ended March 31, 2026, a total of 371,700 restricted stock units and 478,800 performance share units were granted to directors and executive officers.

During the nine months ended June 30, 2026, a total of 376,300 restricted stock units and 478,800 performance share units were granted to directors and executive officers.

On December 18, 2025, a special one-time equity award (the "Retention Award") was granted to Marc Stefanski, the Company's Chairman, President and Chief Executive Officer.

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The following table presents share-based compensation expense recognized during the periods presented:

For the Three Months Ended For the Six Months Ended

March 31, March 31,

For the Three Months Ended For the Nine Months Ended

June 30, June 30,

2026 2025 2026 2025

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Total stock-based compensation expense $ 1,604 $ 947 $ 4,347 $ 2,802

At March 31, 2026, 945,075 shares were subject to options, with a weighted average exercise price of $ 14.92 per share and a weighted average grant date fair value of $ 1.50 per share.

Expected future expense, relating to the 239,400 non-vested options outstanding as of March 31, 2026, is $ 63 over a weighted average period of 0.7 years.

At March 31, 2026, 627,349 restricted stock units and 675,100 performance share units with a weighted average grant date fair value of $ 13.78 and $ 13.81 per unit, respectively, are unvested.

Expected future compensation expense, relating to the 1,393,097 restricted stock units and 675,100 performance share units outstanding as of March 31, 2026, is $ 6,048 over a weighted average period of 3.1 years and $ 7,871 over a weighted average period of 3.6 years, respectively.

At June 30, 2026, 537,675 shares were subject to options, with a weighted average exercise price of $ 15.07 per share and a weighted average grant date fair value of $ 1.72 per share.

Expected future expense, relating to the 238,200 non-vested options outstanding as of June 30, 2026, is $ 40 over a weighted average period of 0.4 years.

At June 30, 2026, 631,466 restricted stock units and 675,100 performance share units both with a weighted average grant date fair value of $ 13.81 per unit are unvested.

Expected future compensation expense, relating to the 1,397,214 restricted stock units and 675,100 performance share units outstanding as of June 30, 2026, is $ 5,209 over a weighted average period of 3.0 years and $ 7,203 over a weighted average period of 3.4 years, respectively.

Each unit is equivalent to one share of common stock.

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Interest rate risk on commitments to extend credit results from the possibility that interest rates may move unfavorably from the position of the Company since the time the commitment was made.

At March 31, 2026, the Company had commitments to originate or acquire loans and related allowances as follows:

At June 30, 2026, the Company had commitments to originate or acquire loans and related allowances as follows:

Commitment Allowance

2 unchanged sentences

Home equity lines of credit

109,109 1,181

Home equity loans

Total $ 412,571 $ 3,019

At March 31, 2026, the Company had unfunded commitments outstanding and related allowances as follows:

At June 30, 2026, the Company had unfunded commitments outstanding and related allowances as follows:

Commitment Allowance

2 unchanged sentences

Total $ 5,630,940 $ 25,508

At March 31, 2026, the unfunded commitment on home equity lines of credit, including commitments for accounts suspended as a result of material default or a decline in equity, was $ 5,701,479 .

At March 31, 2026 and September 30, 2025, the Company had $ 0 and $ 59,340 , respectively, in commitments to sell mortgage loans.

At March 31, 2026 and September 30, 2025, the Company had $ 68,055 and $ 28,460 , respectively, in commitments to acquire mortgage loans, which are included in mortgage loan commitments above.

At June 30, 2026, the unfunded commitment on home equity lines of credit, including commitments for accounts suspended as a result of material default or a decline in equity, was $ 5,685,286 .

At June 30, 2026 and September 30, 2025, the Company had $ 22,233 and $ 59,340 , respectively, in commitments to sell mortgage loans.

At June 30, 2026 and September 30, 2025, the Company had $ 104,816 and $ 28,460 , respectively, in commitments to acquire mortgage loans, which are included in mortgage loan commitments above.

The above commitments are expected to be funded through normal operations.

The Company is undergoing an escheat audit covering the states of Ohio, Kentucky and Florida.

Any potential loss, or range of potential loss, that may result from this matter is not reasonably estimable at March 31, 2026.

Any potential loss that may result from this matter is not reasonably estimable at June 30, 2026.

The Company and its subsidiaries are subject to various legal actions arising in the normal course of business.

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Investment Securities Available for Sale— Investment securities available for sale are recorded at fair value on a recurring basis.

At March 31, 2026 and September 30, 2025, this includes $ 454,625 and $ 520,659 , respectively, of investments in U.S.

At June 30, 2026 and September 30, 2025, this includes $ 482,431 and $ 520,659 , respectively, of investments in U.S.

government and agency obligations including U.S.

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This election is expected to reduce volatility in earnings related to market fluctuations between the contract trade and settlement dates.

At March 31, 2026 and September 30, 2025, there were $ 0 and $ 22,861 of loans held for sale subject to pending agency contracts measured at fair value, respectively, with unpaid principal balances of $ 0 and $ 22,306 .

For the three and six months ended March 31, 2026, net gain (loss) on the sale of loans included $( 255 ) and $( 365 ), respectively, compared to $ 60 and $( 267 ) for the three and six months ended March 31, 2025, related to gains or losses during the period due to changes in the fair value of loans held for sale subject to pending agency contracts.

At March 31, 2026 and September 30, 2025, there were $ 0 and $ 34,801 of loans held for sale carried at cost, respectively.

At June 30, 2026 and September 30, 2025, there were $ 14,478 and $ 22,861 of loans held for sale subject to pending agency contracts measured at fair value, respectively, with unpaid principal balances of $ 14,310 and $ 22,306 .

For the three and nine months ended June 30, 2026, net gain (loss) on the sale of loans included $ 170 and $( 195 ), respectively, compared to $ 289 and $ 22 for the three and nine months ended June 30, 2025, related to gains or losses during the period due to changes in the fair value of loans held for sale subject to pending agency contracts.

At June 30, 2026 and September 30, 2025, there were $ 0 and $ 34,801 of loans held for sale carried at cost, respectively.

Loans held for sale are included in Level 2 of the hierarchy.

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Real Estate Owned— Real estate owned includes real estate acquired as a result of foreclosure or by deed in lieu of foreclosure and is carried at the lower of the cost basis or fair value, less estimated costs to dispose.

The carrying amounts of real estate owned at March 31, 2026 and September 30, 2025, were $ 1,383 and $ 1,921 , respectively.

The carrying amounts of real estate owned at June 30, 2026 and September 30, 2025, were $ 1,339 and $ 1,921 , respectively.

Fair value is estimated under the market approach using independent third party appraisals.

As these properties are actively marketed, estimated fair values may be adjusted by management to reflect current economic and market conditions.

At March 31, 2026 and September 30, 2025, these adjustments were not significant to reported fair values.

At March 31, 2026 and September 30, 2025, $ 1,726 and $ 2,355 , respectively, of real estate owned is included in Level 3 of the hierarchy with assets measured at fair value on a non-recurring basis, where the cost basis equals or exceeds the estimated fair values, less estimated costs to dispose, of $ 343 and $ 434 , respectively.

There were no real estate owned carried at their original or adjusted cost basis at March 31, 2026 and September 30, 2025.

At June 30, 2026 and September 30, 2025, these adjustments were not significant to reported fair values.

At June 30, 2026 and September 30, 2025, $ 1,677 and $ 2,355 , respectively, of real estate owned is included in Level 3 of the hierarchy with assets measured at fair value on a non-recurring basis, where the cost basis equals or exceeds the estimated fair values, less estimated costs to dispose, of $ 338 and $ 434 , respectively.

There were no real estate owned carried at their original or adjusted cost basis at June 30, 2026 and September 30, 2025.

Derivatives— Derivative instruments include interest rate lock commitments on loans being originated or acquired for the held for sale portfolio, forward commitments on contracts to deliver mortgage loans and interest rate swaps designated as cash flow hedges.

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Forward commitments on contracts to deliver mortgage loans are included in Level 2 of the hierarchy.

Assets and liabilities carried at fair value on a recurring basis in the CONSOLIDATED STATEMENTS OF CONDITION at March 31, 2026 and September 30, 2025, are summarized below.

Assets and liabilities carried at fair value on a recurring basis in the CONSOLIDATED STATEMENTS OF CONDITION at June 30, 2026 and September 30, 2025, are summarized below.

Recurring Fair Value Measurements at Reporting Date Using

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government and agency obligations 50,353 — 50,353 —

Total $ 454,625 $ — $ 454,625 $ —

Mortgage loans held for sale 14,478 — 14,478 —

Interest rate lock commitments 166 — — 166

Total $ 497,075 $ — $ 496,909 $ 166

Forward commitments for the sale of mortgage loans $ 39 $ — $ 39 $ —

Total $ 39 $ — $ 39 $ —

Recurring Fair Value Measurements at Reporting Date Using

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The table below presents a reconciliation of the beginning and ending balances and the location within the CONSOLIDATED STATEMENTS OF INCOME where gains (losses) due to changes in fair value are recognized on interest rate lock commitments which are measured at fair value on a recurring basis using significant unobservable inputs (Level 3).

Three Months Ended March 31, Six Months Ended March 31,

Three Months Ended June 30, Nine Months Ended June 30,

2026 2025 2026 2025

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Collateral-dependent loans, net of allowance $ 46,754 $ — $ — $ 46,754

Mortgage loans held for sale 5,051 — 5,051 —

Real estate owned (1)

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The following provides quantitative information about significant unobservable inputs categorized within Level 3 of the Fair Value Hierarchy.

March 31, 2026 Valuation Technique(s) Unobservable Input Range Weighted Average

June 30, 2026 Valuation Technique(s) Unobservable Input Range Weighted Average

Collateral-dependent loans, net of allowance $ 46,754 Market comparables of collateral discounted to estimated net proceeds Discount appraised value to estimated net proceeds based on historical experience:

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The following tables present the estimated fair value of the Company’s financial instruments and their carrying amounts as reported in the CONSOLIDATED STATEMENTS OF CONDITION .

March 31, 2026

June 30, 2026

Carrying Fair Level 1 Level 2 Level 3

8 unchanged sentences

Cash collateral received from or held by counterparty 14,347 14,347 14,347 — —

Derivatives 166 166 — — 166

Checking and savings accounts $ 2,684,844 $ 2,684,844 $ — $ 2,684,844 $ —

32 unchanged sentences

Quarterly, a quantitative analysis is performed to monitor the ongoing effectiveness of the hedging instrument.

All derivative positions continue to be highly effective as of March 31, 2026.

All derivative positions continue to be highly effective as of June 30, 2026.

The Company enters into forward commitments for the sale of mortgage loans primarily to protect against the risk of lost revenue from adverse interest rate movements on net income.

6 unchanged sentences

The following tables provide the locations within the CONSOLIDATED STATEMENTS OF CONDITION for fair values of derivative instruments at the reporting dates and their related notional values.

March 31, 2026 September 30, 2025

June 30, 2026 September 30, 2025

Weighted Average Weighted Average

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$ 3,650,000 2.5 3.41 % $ 3,575,000 2.7 3.32 %

March 31, 2026 September 30, 2025

June 30, 2026 September 30, 2025

Notional Value Fair Value Notional Value Fair Value

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Other Assets $ 8,487 $ 166 $ 11,500 $ 272

Other Liabilities 2,619 ( 45 ) — —

Forward Commitments for the sale of mortgage loans

2 unchanged sentences

The following tables present the net gains and losses recorded within the CONSOLIDATED STATEMENTS OF INCOME and the CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME relating to derivative instruments.

Three Months Ended Six Months Ended

Location of Gain or (Loss) March 31, March 31,

Three Months Ended Nine Months Ended

Location of Gain or (Loss) June 30, June 30,

Recognized in Income 2026 2025 2026 2025

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Forward commitments for the sale of mortgage loans Net gain/(loss) on the sale of loans ( 39 ) ( 139 ) 312 ( 88 )

The Company estimates that $ 9,108 of the amounts reported in AOCI will be reclassified as a reduction to interest expense during the twelve months ending March 31, 2027.

The Company estimates that $ 16,884 of the amounts reported in AOCI will be reclassified as a reduction to interest expense during the twelve months ending June 30, 2027.

Derivatives contain an element of credit risk which arises from the possibility that the Company will incur a loss because a counterparty fails to meet its contractual obligations.

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This process shifts the risk away from the counterparty, since the clearing organization acts as an intermediary on each cleared transaction.

At March 31, 2026 and September 30, 2025, there

was $ 54,718 and $ 6,910 , respectively, of cash collateral included in other assets, and $ 0 and $ 50,032 , respectively, included in investment securities related to initial margin requirements that are held by the central clearing organization.

For derivative transactions cleared through certain clearing parties, variation margin payments are recognized as settlements on a daily basis.

At June 30, 2026 and September 30, 2025, there was $ 14,347 and $ 6,910 , respectively, of cash collateral included in other assets, and $ 46,364 and $ 50,032 , respectively, included in investment securities related to initial margin requirements that are held by the central clearing organization.

derivative transactions cleared through certain clearing parties, variation margin payments are recognized as settlements on a daily basis.

The fair value of derivative instruments are presented on a gross basis, even when the derivative instruments are subject to master netting arrangements.

RECENT ACCOUNTING PRONOUNCEMENTS

Adopted during the six months ended March 31, 2026

Adopted during the nine months ended June 30, 2026

In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740) – Improvements to Income Tax Disclosures".

3 unchanged sentences

The Company adopted the amended guidance on October 1, 2025 and will provide required disclosures, applied retrospectively, in the Annual Report on Form 10-K for the fiscal year ending September 30, 2026.

Issued but not yet adopted as of March 31, 2026

Issued but not yet adopted as of June 30, 2026

In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40) .

3 unchanged sentences

The amendments in this ASU may be applied either prospectively to financial statements issued for reporting periods after the effective date of this ASU, or retrospectively to all prior periods presented in the financial statements.

Management is currently evaluating the impact of this standard on the Company's consolidated financial statements and related disclosures.

The Company expects to adopt this guidance retrospectively, adding enhanced expense-related disclosures, including a new footnote entitled Disaggregation of Income Statement Expenses, with no material impact expected on its consolidated financial statements.

In July 2025, the FASB issued ASU 2025-05, Credit Losses (Topic 326) Measurement of Credit Losses for Accounts Receivable and Contract Assets .

2 unchanged sentences

Adoption of this ASU can be applied prospectively for reporting periods after its effective date with early adoption permitted.

The adoption of this accounting guidance is not expected to have a material impact on the Company's consolidated financial statements.

The Company plans to apply the new guidance prospectively and does not expect the adoption to have a material impact on the Company's consolidated financial statements.

In September 2025, the FASB issued ASU 2025-06, Intangibles – Goodwill and Other Internal-Use Software (Subtopic 350-40) .

3 unchanged sentences

Management is currently evaluating the impact of this standard on the Company's consolidated financial statements and related disclosures.

The Company plans to apply the new guidance prospectively and does not expect the adoption to have a material impact on the Company's consolidated financial statements.

In November 2025, the FASB issued ASU 2025-08, Financial Instruments – Credit Losses (Topic 326):

5 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements