What changed in this filing

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Item 1. Financial Statements

2026-08-04 compared with 2026-05-05 · 141 added, 136 removed, 1342 unchanged (17% of the section changed)

2 unchanged sentences

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

March 31, 2026 September 30, 2025

June 30, 2026 September 30, 2025

(In thousands, except share data)

48 unchanged sentences

CONSOLIDATED STATEMENTS OF OPERATIONS

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

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

2026 2025 2026 2025

14 unchanged sentences

Gain on sale of investment securities 112 — 112 20

Gain on termination of hedging derivatives 426 65 450 70

Gain (loss) on termination of hedging derivatives ( 12 ) 56 438 126

Loan fee income 2,181 1,650 5,751 4,807

25 unchanged sentences

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Three Months Ended March 31,

Three Months Ended June 30,

(In thousands)

12 unchanged sentences

Comprehensive income $ 59,132 $ 52,079

Six Months Ended March 31,

Nine Months Ended June 30,

(In thousands)

2 unchanged sentences

Net unrealized gain (loss) during the period on available-for-sale investment securities, net of tax of $ 7,133 and $( 1,445 )

( 23,093 ) 4,678

Reclassification adjustment of net (gain) loss from sale of available-for-sale securities included in net income, net of tax of $ 5 and $ 76

12 unchanged sentences

(in thousands) Preferred Stock Common Stock Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Treasury Stock Total

Balance at January 1, 2026 $ 300,000 $ 154,616 $ 2,165,709 $ 2,145,880 $ 61,904 $ ( 1,798,702 ) $ 3,029,407

Balance at April 1, 2026 $ 300,000 $ 154,759 $ 2,169,653 $ 2,187,614 $ 55,085 $ ( 1,885,828 ) $ 2,981,283

Net income — — — 66,130 — — 66,130

8 unchanged sentences

Treasury stock purchased — — — — — ( 319 ) ( 319 )

Balance at March 31, 2026 $ 300,000 $ 154,759 $ 2,169,653 $ 2,187,614 $ 55,085 $ ( 1,885,828 ) $ 2,981,283

Balance at June 30, 2026 $ 300,000 $ 154,863 $ 2,175,267 $ 2,230,427 $ 48,087 $ ( 1,886,075 ) $ 3,022,569

(in thousands) Preferred Stock Common Stock Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Treasury Stock Total

Balance at January 1, 2025 $ 300,000 $ 154,248 $ 2,154,929 $ 2,001,586 $ 53,353 $ ( 1,642,480 ) $ 3,021,636

Balance at April 1, 2025 $ 300,000 $ 154,355 $ 2,158,037 $ 2,032,563 $ 51,404 $ ( 1,663,739 ) $ 3,032,620

Net income — — — 61,952 — — 61,952

Other comprehensive income — — — — ( 1,949 ) — ( 1,949 )

Other comprehensive loss — — — — ( 9,873 ) — ( 9,873 )

Dividends on common stock

6 unchanged sentences

Treasury stock purchased — — — — — ( 48,341 ) ( 48,341 )

Balance at March 31, 2025 $ 300,000 $ 154,355 $ 2,158,037 $ 2,032,563 $ 51,404 $ ( 1,663,739 ) $ 3,032,620

Balance at June 30, 2025 $ 300,000 $ 154,385 $ 2,160,793 $ 2,069,615 $ 41,531 $ ( 1,711,999 ) $ 3,014,325

SEE NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

11 unchanged sentences

Treasury stock purchased — — — — — ( 145,543 ) ( 145,543 )

Balance at March 31, 2026 $ 300,000 $ 154,759 $ 2,169,653 $ 2,187,614 $ 55,085 $ ( 1,885,828 ) $ 2,981,283

Balance at June 30, 2026 $ 300,000 $ 154,863 $ 2,175,267 $ 2,230,427 $ 48,087 $ ( 1,886,075 ) $ 3,022,569

(in thousands) Preferred Stock Common Stock Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Treasury Stock Total

1 unchanged sentence

Net income — — — 165,471 — — 165,471

Other comprehensive income — — — — ( 4,447 ) — ( 4,447 )

Other comprehensive loss — — — — ( 14,320 ) — ( 14,320 )

Dividends on common stock

6 unchanged sentences

Treasury stock purchased — — — — — ( 73,092 ) ( 73,092 )

Balance at March 31, 2025 $ 300,000 $ 154,355 $ 2,158,037 $ 2,032,563 $ 51,404 $ ( 1,663,739 ) $ 3,032,620

Balance at June 30, 2025 $ 300,000 $ 154,385 $ 2,160,793 $ 2,069,615 $ 41,531 $ ( 1,711,999 ) $ 3,014,325

SEE NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

1 unchanged sentence

CONSOLIDATED STATEMENTS OF CASH FLOWS

Six Months Ended March 31,

Nine Months Ended June 30,

(In thousands)

48 unchanged sentences

CONSOLIDATED STATEMENTS OF CASH FLOWS

Six Months Ended March 31,

Nine Months Ended June 30,

(In thousands)

44 unchanged sentences

Fair values are subject to refinement over the measurement period, not to exceed one year after the closing date.

Restricted Cash Balances - The Company was not required to maintain cash reserve balances with the Federal Reserve Bank as of March 31, 2026.

As of March 31, 2026 and September 30, 2025, the Company held counterparty cash collateral of $ 128,650,000 and $ 118,400,000 , respectively, related to derivative contracts.

Restricted Cash Balances - The Company was not required to maintain cash reserve balances with the Federal Reserve Bank as of June 30, 2026.

As of June 30, 2026 and September 30, 2025, the Company held counterparty cash collateral of $ 144,700,000 and $ 118,400,000 , respectively, related to derivative contracts.

AND SUBSIDIARIES

15 unchanged sentences

Under this method, the NAV is determined by the fund as fair value for the investment.

At March 31, 2026, equity investments held by the Company and recorded at NAV had a carrying amount of $ 35,420,940 and a remaining unfunded commitment of $ 11,169,741 .

At June 30, 2026, equity investments held by the Company and recorded at NAV had a carrying amount of $ 34,901,510 and a remaining unfunded commitment of $ 11,205,846 .

These NAV based investments cannot be transferred without consent and we do not have redemption rights.

107 unchanged sentences

Balance at March 31, 2026 418,447 27,064 445,511

The table below presents the estimated future amortization expense of other intangibles for the next five years as of March 31, 2026.

Additions — — —

Amortization — ( 1,841 ) ( 1,841 )

Balance at June 30, 2026 $ 418,447 $ 25,223 $ 443,670

The table below presents the estimated future amortization expense of other intangibles for the next five years as of June 30, 2026.

Fiscal Year Expected Expense

9 unchanged sentences

The Company does not expect the amendments in this update to have a material impact on our consolidated financial statements.

In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses .

This accounting standards update will require public companies to disclose, in the notes to financial statements, specified information about certain costs and expenses at each interim and annual reporting period.

As clarified by the FASB in ASU 2025-01, the amendments of ASU

AND SUBSIDIARIES

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

2024-03 are effective for fiscal years beginning after December 15, 2026, and for quarterly reporting beginning after December 15, 2027.

In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses .

As clarified by the FASB in ASU 2025-01, the amendments of ASU 2024-03 are effective for fiscal years beginning after December 15, 2026, and for quarterly reporting beginning after December 15, 2027.

Early adoption is permitted.

1 unchanged sentence

NOTE C – Dividends and Share Repurchases

On February 27, 2026, the Company paid a regular dividend on its common stock of $ 0.27 per share, which represented the 172nd consecutive quarterly cash dividend.

Dividends per share were $ 0.27 and $ 0.27 for the quarters ended March 31, 2026 and 2025, respectively.

For the three months ended March 31, 2026, the Company repurchased 2,738,096 shares of its common stock at an average per share price of $ 31.85 .

For the six months ended March 31, 2026, the Company repurchased 4,688,109 shares of its common stock at an average per share price of $ 30.98 .

On June 5, 2026, the Company paid a regular dividend on its common stock of $ 0.27 per share, which represented the 173rd consecutive quarterly cash dividend.

Dividends per share were $ 0.27 for both the quarters ended June 30, 2026 and 2025.

For the three months ended June 30, 2026, the Company repurchased 8,806 shares of its common stock at an average per share price of $ 36.20 as a result of option exercise activity.

For the nine months ended June 30, 2026, the Company repurchased 4,696,915 shares of its common stock at an average per share price of $ 30.99 .

Purchases were made both under the Company's Board of Directors (“Board”) approved publicly announced stock repurchase program, and outside the repurchase program, primarily consisting of the forfeiture and cancellation of shares upon vesting of restricted stock awards to pay required tax withholding obligations, and shares underlying stock options surrendered in payment of the exercise price and to pay required tax withholding obligations.

In February 2026, the Board increased the number of shares authorized under the program to 10 million shares.

As of March 31, 2026, there are 7,992,669 remaining shares authorized to be repurchased under the current Board approved stock repurchase program.

As of June 30, 2026, there are 7,992,669 remaining shares authorized to be repurchased under the current Board approved stock repurchase program.

The Company pays a cash dividend, if declared by the Board, of $ 12.1875 per share on its Series A Preferred Stock quarterly on January 15, April 15, July 15 and October 15.

6 unchanged sentences

The following table is a summary of loans receivable by loan portfolio segment and class.

March 31, 2026 September 30, 2025

June 30, 2026 September 30, 2025

Gross loans by category (In thousands) (In thousands)

20 unchanged sentences

Accrued interest receivable ("AIR") is excluded from the amortized cost basis of loans for disclosure purposes and from the calculations of estimated credit losses.

As of March 31, 2026 and September 30, 2025, AIR for loans totaled $ 82,142,000 and $ 85,444,000 , respectively, and is included in the Interest receivable line item balance on the Company’s consolidated statements of financial condition.

As of March 31, 2026, loans in the amount of $ 13,440,000,000 were pledged to secure borrowings and available lines of credit.

As of June 30, 2026 and September 30, 2025, AIR for loans totaled $ 81,333,000 and $ 85,444,000 , respectively, and is included in the Interest receivable line item balance on the Company’s Consolidated Statements of Financial Condition.

As of June 30, 2026, loans in the amount of $ 13,705,000,000 were pledged to secure borrowings and available lines of credit.

None of the agencies to which we have pledged loans have the right to sell or re-pledge them.

2 unchanged sentences

The following table sets forth the amortized cost basis of non-accrual loans and loans 90 days or more past due and accruing.

March 31, 2026 September 30, 2025

June 30, 2026 September 30, 2025

(In thousands, except ratio data)

15 unchanged sentences

% of total loans 0.63 % 0.63 %

The Company recognized interest income on non-accrual loans of approximately $ 844,000 in the six months ended March 31, 2026 as a result of the collection of past due amounts.

If these loans had been on accrual status and performed according to their original contract terms, the Company would have recognized interest income of approximately $ 3,916,000 for the six months ended March 31, 2026.

The Company recognized interest income on non-accrual loans of approximately $ 1,264,000 in the nine months ended June 30, 2026 as a result of the collection of past due amounts.

If these loans had been on accrual status and performed according to their original contract terms, the Company would have recognized interest income of approximately $ 5,681,000 for the nine months ended June 30, 2026.

Interest cash flows collected on non-accrual loans vary from period to period as those loans are brought current or are paid off.

2 unchanged sentences

The following tables provide details regarding loan delinquencies by loan portfolio and class.

March 31, 2026 Days Delinquent Based on $ Amount of Loans % based

June 30, 2026 Days Delinquent Based on $ Amount of Loans % based

Type of Loan Loans Receivable (Amortized Cost) Current 30 60 90+ Total Delinquent

38 unchanged sentences

Loans are considered collateral-dependent when the debtor is experiencing financial difficulty and repayment is expected to be provided substantially through the sale or operation of the collateral.

The following table presents the amortized basis of collateral-dependent loans by loan class and collateral type as of March 31, 2026.

The following table presents the amortized basis of collateral-dependent loans by loan class and collateral type as of June 30, 2026.

Loan type Residential Real Estate Commercial Real Estate General Business Assets

9 unchanged sentences

Land - Consumer Lot Loans 60 — —

HELOC 338 — —

Consumer — — —

Total consumer loans 8,010 — —

10 unchanged sentences

For consumer loans, modifications typically consist of minor payment delays or deferrals and may include a modification of the existing contractual rate or extension of the maturity date, or both, when it is determined the borrowers are likely to successfully maintain compliance with these modified loan terms.

The following tables present the amortized basis of loans that were modified to borrowers experiencing financial difficulty during the three and six month period ending March 31, 2026 by loan class and modification type.

The following tables present the amortized basis of loans that were modified to borrowers experiencing financial difficulty during the three and nine month period ending June 30, 2026 by loan class and modification type.

Modifications during the periods presented were term extensions or payment deferrals.

1 unchanged sentence

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

Three Months Ended March 31, 2026

Three Months Ended June 30, 2026

Loan Class Term Extension Payment Deferral % of Total Loan Class Balance Wtd.

1 unchanged sentence

( in thousands) (in months) ( in thousands)

Multi-family $ — $ — — % 0 $ —

Commercial real estate 19,327 — 0.53 3 —

1 unchanged sentence

Total commercial loans 45,050 — 0.36 3 —

Single-Family Residential — 9,553 0.13 0 285

Total consumer loans — 9,553 0.12 0 $ 285

Total Loans $ 45,050 $ — 0.22 %

Three Months Ended March 31, 2025

Three Months Ended June 30, 2025

Loan Class Term Extension Payment Deferral % of Total Loan Class Balance Wtd.

4 unchanged sentences

Commercial & industrial 18,035 — 0.79 5 —

Construction 37,709 — 0.04 5 —

Total commercial loans 91,800 — 0.77 7 —

2 unchanged sentences

Total Loans $ 91,800 $ 8,283 0.48 %

Six Months Ended March 31, 2026

Nine Months Ended June 30, 2026

Loan Class Term Extension Payment Deferral % of Total Loan Class Balance Wtd.

1 unchanged sentence

( in thousands) (in months) (in thousands)

Multi-family $ — $ — — % 0 $ —

Commercial real estate 19,327 3,006 0.61 6 167

6 unchanged sentences

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

Six Months Ended March 31, 2025

Nine Months Ended June 30, 2025

Loan Class Term Extension Payment Deferral % of Total Loan Class Balance Wtd.

4 unchanged sentences

Commercial & industrial 56,957 — 2.48 12 —

Construction 37,709 — 0.04 5 —

Total commercial loans 137,208 — 1.15 10 —

4 unchanged sentences

Loans are considered to be in default at 90 or more days past due.

The following table presents the performance of such loans that have been modified for the twelve months ended March 31, 2026 and March 31, 2025, respectively.

March 31, 2026 Days Delinquent

The following table presents the performance of such loans that have been modified for the twelve months ended June 30, 2026 and June 30, 2025, respectively.

June 30, 2026 Days Delinquent

Current 30 60 90+ Total

Commercial loans

Commercial loans ( in thousands)

Multi-family $ — $ — $ — $ — $ —

7 unchanged sentences

Total Loans $ 83,739 $ — $ 122 $ 912 $ 84,773

March 31, 2025 Days Delinquent

June 30, 2025 Days Delinquent

Current 30 60 90+ Total

Commercial loans

Commercial loans ( in thousands)

Multi-family $ 22,196 $ — $ — $ — $ 22,196

9 unchanged sentences

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

One single-family loan modified for borrowers experiencing financial difficulties defaulted in the twelve months ended March 31, 2026 but it was paid in full by period end.

No loans modified for borrowers experiencing financial difficulties defaulted after modification in the twelve months ended March 31, 2025.

Two single-family loans with a combined balance of $ 1,034,000 modified for borrowers experiencing financial difficulties were past due more than 30 days in the twelve months ended June 30, 2026.

No loans modified for borrowers experiencing financial difficulties defaulted in the twelve months ended June 30, 2025.

The Company evaluates the credit quality of its loans based on regulatory risk ratings and also considers other factors.

24 unchanged sentences

The watch rating was implemented by the bank for fiscal 2026 on a prospective basis.

The following tables present by primary credit quality indicator, loan class, and year of origination, the amortized cost basis of loans receivable as of March 31, 2026 and September 30, 2025.

The following tables present by primary credit quality indicator, loan class, and year of origination, the amortized cost basis of loans receivable as of June 30, 2026 and September 30, 2025.

AND SUBSIDIARIES

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

March 31, 2026 Term Loans Amortized Cost Basis by Origination Year

YTD 2026 2025 2024 2023 2022 Prior to 2022 Revolving Loans Revolving to Term Loans Total Loans

June 30, 2026 Term Loans Amortized Cost Basis by Origination Year

( in thousands) YTD 2026 2025 2024 2023 2022 Prior to 2022 Revolving Loans Revolving to Term Loans Total Loans

Commercial loans

12 unchanged sentences

Total $ 476,485 $ 298,495 $ 191,415 $ 247,596 $ 899,781 $ 1,480,116 $ 14,704 $ 17,451 $ 3,626,043

Gross Charge-offs — 878 — — — 79 — — 957

Commercial & industrial

3 unchanged sentences

Substandard — 28,839 3,906 23,141 7,643 36,176 54,555 7,777 162,037

Doubtful — — 10 6 16,454 3 36,506 — 52,979

Total $ 602,577 $ 255,909 $ 68,568 $ 134,379 $ 173,708 $ 460,782 $ 1,381,966 $ 23,303 $ 3,101,192

3 unchanged sentences

Special Mention 4,171 2,579 — 20,798 57,222 — 51,792 — 136,562

Substandard — — — — 5,388 — — — 5,388

Total $ 175,476 $ 317,831 $ 80,325 $ 83,967 $ 235,892 $ 173 $ 122,244 $ — $ 1,015,908

2 unchanged sentences

Watch 102 — 597 — — — — — 699

Special Mention 2,028 679 291 584 — — — — 3,582

Substandard — — 5,914 — — 208 — — 6,122

10 unchanged sentences

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

March 31, 2026 Term Loans Amortized Cost Basis by Origination Year

YTD 2026 2025 2024 2023 2022 Prior to 2022 Revolving Loans Revolving to Term Loans Total Loans

June 30, 2026 Term Loans Amortized Cost Basis by Origination Year

( in thousands) YTD 2026 2025 2024 2023 2022 Prior to 2022 Revolving Loans Revolving to Term Loans Total Loans

Consumer loans

9 unchanged sentences

90+ days past due — — — 132 760 — — — 892

90+ days past due — — — — 760 — — — 760

Total $ — $ 14,614 $ 911 $ 132 $ 760 $ — $ — $ — $ 16,417

2 unchanged sentences

30 days past due — — 336 — — — — — 336

60 days past due — — — — — 21 — — 21

90+ days past due — — — 60 124 55 — — 239

Total $ — $ 4,684 $ 10,371 $ 7,008 $ 15,941 $ 33,978 $ — $ — $ 71,982

103 unchanged sentences

The following tables summarize the activity in the allowance for loan losses by loan portfolio segment and class.

Three Months Ended March 31, 2026 Beginning Allowance Charge-offs Recoveries Provision &

Three Months Ended June 30, 2026 Beginning Allowance Charge-offs Recoveries Provision &

Ending Allowance

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Total ACL - loans $ 201,950 $ ( 2,430 ) $ 811 $ 14,500 $ 214,831

1 Provision & transfer amounts within the table do not include the provision on unfunded commitments of $ 1,000,000 .

Three Months Ended March 31, 2025 Beginning Allowance Charge-offs Recoveries Provision &

1 Provision & transfer amounts within the table do not include the provision recapture on unfunded commitments of $ 3,500,000 .

Three Months Ended June 30, 2025 Beginning Allowance Charge-offs Recoveries Provision &

Ending Allowance

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Total ACL - Loans $ 202,709 $ ( 5,797 ) $ 356 $ 1,500 $ 198,768

1 Provision & transfer amounts within the table do not include the provision recapture on unfunded commitments of $ 500,000 .

1 Provision & transfer amounts within the table do not include the provision on unfunded commitments of $ 500,000 .

AND SUBSIDIARIES

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

Six Months Ended March 31, 2026 Beginning Allowance Charge-offs Recoveries Provision &

Nine Months Ended June 30, 2026 Beginning Allowance Charge-offs Recoveries Provision &

Ending Allowance

15 unchanged sentences

Total ACL - loans $ 199,720 $ ( 7,755 ) $ 1,866 $ 21,000 $ 214,831

1 Provision & transfer amounts within the table do not include provision on unfunded commitments of $ 1,000,000 .

Six Months Ended March 31, 2025 Beginning Allowance Charge-offs Recoveries Provision &

1 Provision & transfer amounts within the table do not include provision recapture on unfunded commitments of $ 2,500,000 .

Nine Months Ended June 30, 2025 Beginning Allowance Charge-offs Recoveries Provision &

Ending Allowance

15 unchanged sentences

Total ACL - Loans $ 203,753 $ ( 12,025 ) $ 1,290 $ 5,750 $ 198,768

1 Provision & transfer amounts within the table do not include the provision recapture from unfunded commitments of $ 1,500,000 .

The Company recorded a $ 4,000,000 provision for credit losses for the three months ended March 31, 2026, compared with $ 2,750,000 provision for the three months ended March 31, 2025.

The provision in the three months ended March 31, 2026 was primarily the result of increased commercial loan originations.

The increase in the overall provision included an increase in the reserve for unfunded commitments.

The Company recorded a $ 7,500,000 provision for credit losses for the six months ended March 31, 2026 compared to $ 2,750,000 for the six months ended March 31, 2025.

The current fiscal year to date period also reflects changes to credit quality and increased charge-offs observed in the first quarter.

Net charge-offs totaled $ 589,000 for the three months ended March 31, 2026, compared to $ 5,063,000 of net charge-offs during the three months ended March 31,

1 Provision & transfer amounts within the table do not include the provision recapture on unfunded commitments of $ 1,000,000 .

The Company recorded an $ 11,000,000 provision for credit losses for the three months ended June 30, 2026, compared with a $ 2,000,000 provision for the three months ended June 30, 2025.

The provision in the three months ended June 30, 2026 was primarily the result of growth in the active loan portfolio, specifically C&I and Construction loans, in addition to concerns related to possible losses on adversely classified loans.

The increase in the overall provision was offset by a decrease in the reserve for unfunded commitments.

The Company recorded an $ 18,500,000 provision for credit losses for the nine months ended June 30, 2026 compared to $ 4,750,000 for the nine months ended June 30, 2025.

The current fiscal year to date period also reflects growth in the active portfolio.

Net charge-offs totaled $ 1,619,000 for the three months ended June 30, 2026,

AND SUBSIDIARIES

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

Net charge-offs totaled $ 4,270,000 for the six months ended March 31, 2026, compared to $ 5,294,000 during the six months ended March 31, 2025.

Non-performing assets were $ 131,984,000 , or 0.48 % of total assets, at March 31, 2026, compared to $ 143,022,000 , or 0.54 % of total assets, at September 30, 2025.

Non-accrual loans were $ 123,859,000 , or 0.61 % of total loans at amortized cost, at March 31, 2026, compared to $ 128,628,000 , or 0.63 %, at September 30, 2025.

Delinquencies, as a percent of total loans, were 0.78 % at March 31, 2026, compared to 0.60 % at September 30, 2025.

compared to $ 5,441,000 of net charge-offs during the three months ended June 30, 2025.

Net charge-offs totaled $ 5,889,000 for the nine months ended June 30, 2026, compared to $ 10,735,000 during the nine months ended June 30, 2025.

Non-performing assets were $ 135,748,000 , or 0.5 % of total assets, at June 30, 2026, compared to $ 143,022,000 , or 0.5 % of total assets, at September 30, 2025.

Non-accrual loans were $ 127,569,000 , or 0.6 % of total loans at amortized cost, at June 30, 2026, compared to $ 128,628,000 , or 0.6 %, at September 30, 2025.

Delinquencies, as a percent of total loans, were 0.8 % at June 30, 2026, compared to 0.6 % at September 30, 2025.

The Company has an asset quality review function that analyzes its loan portfolio and reports the results of the review to its Board of Directors on a quarterly basis.

3 unchanged sentences

The following tables provide the amortized cost of loans receivable based on risk rating categories as previously defined.

March 31, 2026 Internally Assigned Grade

June 30, 2026 Internally Assigned Grade

Pass Watch Special Mention Substandard Doubtful Total

15 unchanged sentences

Total $ 19,018,709 $ 227,903 $ 466,648 $ 464,136 $ 55,311 $ 20,232,707

Total grade as a % of total loans 94.1 % 1.6 % 1.6 % 2.6 % — %

Total grade as a % of total loans at amortized cost 94.0 % 1.1 % 2.3 % 2.3 % 0.3 %

AND SUBSIDIARIES

18 unchanged sentences

Total loans $ 19,406,000 $ 247,830 $ 629,353 $ 5,131 $ 24 $ 20,288,338

Total grade as a % of total gross loans 95.7 % 1.2 % 3.1 % — % — %

Total grade as a % of total loans at amortized cost 95.7 % 1.2 % 3.1 % — % — %

The following tables provide information on the amortized cost of loans receivable based on borrower payment activity.

March 31, 2026 Performing Loans Non-Performing Loans

June 30, 2026 Performing Loans Non-Performing Loans

Amount % of Total

61 unchanged sentences

The following tables present the balance and level in the fair value hierarchy of assets and liabilities that are measured at fair value on a recurring basis (with the exception of those measured using the NAV practical expedient).

March 31, 2026

June 30, 2026

Level 1 Level 2 Level 3 Total

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From time to time, and on a nonrecurring basis, adjustments using fair value measurements are recorded to reflect increases or decreases in the carrying balances based on the discounted cash flows, the current appraisal or estimated value of the collateral or REO property.

When management determines that the fair value of the collateral or the REO requires additional adjustments, either as a result of an updated appraised value or when there is no observable market price, the Company classifies the collateral dependent loan or real estate owned as Level 3.

Level 3 assets recorded at fair value on a nonrecurring basis at March 31, 2026 included loans for which an allowance was established or a partial charge-off was recorded based on the fair value of collateral, as well as real estate owned where the fair value of the property was less than the cost basis.

The following tables present the aggregated balance of assets that were measured at fair value on a nonrecurring basis at March 31, 2026 and March 31, 2025, and the total gains (losses) resulting from those fair value adjustments during the respective periods.

Level 3 assets recorded at fair value on a nonrecurring basis at June 30, 2026 included loans for which an allowance was established or a partial charge-off was recorded based on the fair value of collateral, as well as real estate owned where the fair value of the property was less than the cost basis.

The following tables present the aggregated balance of assets that were measured at fair value on a nonrecurring basis at June 30, 2026 and June 30, 2025, and the total gains (losses) resulting from those fair value adjustments during the respective periods.

The estimated fair value measurements are shown gross of estimated selling costs.

March 31, 2026 Three Months Ended March 31, 2026 Six Months Ended March 31, 2026

June 30, 2026 Three Months Ended June 30, 2026 Nine Months Ended June 30, 2026

Level 1 Level 2 Level 3 Total Total Gains (Losses)

3 unchanged sentences

Balance at end of period $ — $ — $ 17,611 $ 17,611 $ ( 2,226 ) $ ( 7,438 )

March 31, 2025 Three Months Ended March 31, 2025 Six Months Ended March 31, 2025

June 30, 2025 Three Months Ended June 30, 2025 Nine Months Ended June 30, 2025

Level 1 Level 2 Level 3 Total Total Gains (Losses)

3 unchanged sentences

Balance at end of period $ — $ — $ 32,132 $ 32,132 $ ( 5,750 ) $ ( 11,113 )

At March 31, 2026, there was $ 523,000 in foreclosed residential real estate properties held as REO.

At June 30, 2026, there was $ 551,000 in foreclosed residential real estate properties held as REO.

The recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process was $ 8,010,000 .

6 unchanged sentences

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

March 31, 2026 September 30, 2025

June 30, 2026 September 30, 2025

Level in Fair Value Hierarchy Carrying

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The following tables provide details about the amortized cost and fair value of available-for-sale and held-to-maturity securities.

March 31, 2026

June 30, 2026

Cost Gross Unrealized Fair

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Within 1 year 9,445 — ( 143 ) 9,302 4.39

5 to 10 years 1,287 — ( 1 ) 1,286 4.58

Over 10 years 416,906 855 ( 939 ) 416,822 4.69

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$ 4,188,240 $ 45,070 $ ( 87,370 ) $ 4,145,940 4.12 %

The Company purchased $ 1,067,724,000 of AFS investment securities during the six months ended March 31, 2026 and purchased $ 809,552,000 of AFS securities during the six months ended March 31, 2025.

There were no sales of AFS securities during the six months ended March 31, 2026 compared to $ 797,000 during the prior year's same period.

For HTM investment securities, there were $ 141,063,000 in purchases during the six months ended March 31, 2026 and $ 114,182,000 in purchases during the six months ended March 31, 2025.

There were no sales of HTM investment securities during the six months ended March 31, 2026 or March 31, 2025.

The Company purchased $ 1,161,720,000 of AFS investment securities during the nine months ended June 30, 2026 and purchased $ 1,218,796,000 of AFS securities during the nine months ended June 30, 2025.

There was $ 77,171,000 in sales of AFS securities during the nine months ended June 30, 2026 compared to $ 797,000 during the prior year's same period.

For HTM investment securities, there were $ 278,367,000 in purchases during the nine months ended June 30, 2026 and $ 114,182,000 in purchases during the nine months ended June 30, 2025.

There were no sales of HTM investment securities during the nine months ended June 30, 2026 or June 30, 2025.

Substantially all of the agency mortgage-backed securities have contractual maturity dates that exceed 25 years.

Accrued interest receivable ("AIR") is excluded from the amortized cost basis of debt securities disclosed throughout this note.

For AFS securities, AIR totaled $ 14,185,000 and $ 11,057,000 as of March 31, 2026 and September 30, 2025, respectively.

For HTM debt securities, AIR totaled $ 2,529,000 and $ 2,089,000 as of March 31, 2026 and September 30, 2025, respectively.

For AFS securities, AIR totaled $ 14,748,000 and $ 11,057,000 as of June 30, 2026 and September 30, 2025, respectively.

For HTM debt securities, AIR totaled $ 3,039,000 and $ 2,089,000 as of June 30, 2026 and September 30, 2025, respectively.

AIR for securities is included in the Interest receivable line item balance on the Company’s Consolidated Statements of Financial Condition.

The following tables show the gross unrealized losses and fair value of securities as of March 31, 2026 and September 30, 2025, by length of time that individual securities in each category have been in a continuous loss position.

There were 274 and 213 securities with an unrealized loss as of March 31, 2026 and September 30, 2025, respectively.

The following tables show the gross unrealized losses and fair value of securities as of June 30, 2026 and September 30, 2025, by length of time that individual securities in each category have been in a continuous loss position.

There were 305 and 213 securities with an unrealized loss as of June 30, 2026 and September 30, 2025, respectively.

AND SUBSIDIARIES

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

March 31, 2026 Less than 12 months 12 months or more Total

June 30, 2026 Less than 12 months 12 months or more Total

Gross Losses Fair

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government and have a long history of zero credit loss.

Therefore, the Company did not record an allowance for credit losses for these securities as of March 31, 2026 or September 30, 2025.

Therefore, the Company did not record an allowance for credit losses for these securities as of June 30, 2026 or September 30, 2025.

The Company does not consider HTM investments to have any credit impairment.

The Company does not believe that the AFS debt securities that were in an unrealized loss position have any credit loss impairment as of March 31, 2026 or September 30, 2025.

The Company does not believe that the AFS debt securities that were in an unrealized loss position have any credit loss impairment as of June 30, 2026 or September 30, 2025.

The Company does not intend to sell the investment securities that were in an unrealized loss position and it is more likely than not that the Company will not be required to sell the investment securities before recovery of their amortized cost basis, which may be at maturity.

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NOTE G – Derivatives and Hedging Activities

The following tables present the fair value, notional amount and balance sheet classification of derivative assets and liabilities at March 31, 2026 and September 30, 2025.

March 31, 2026 Derivative Assets Derivative Liabilities

The following tables present the fair value, notional amount and balance sheet classification of derivative assets and liabilities at June 30, 2026 and September 30, 2025.

June 30, 2026 Derivative Assets Derivative Liabilities

Interest rate contract purpose Balance Sheet Location Notional Fair Value Balance Sheet Location Notional Fair Value

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Gains and losses on interest rate swaps designated in these hedge relationships, along with the offsetting gains and losses on the hedged items attributable to the hedged risk, are recognized in current earnings within the same income statement line item.

The Company also enters into credit risk participation agreements with financial counterparties for interest rate swaps related to loans in which the Company is a participant.

The risk participation agreements entered into by the Company as a participant bank provide credit protection to the financial institution counterparty should the borrower fail to perform on its interest rate derivative contract with that financial institution.

The Company is party to two risk participation agreements with a total notional amount of $ 69,665,000 at June 30, 2026.

The estimated exposure when applying a credit valuation adjustment framework to these exposures and the fair value of these exposures was insignificant to the consolidated financial statements as of June 30, 2026.

Upon electing to apply ASC 815 fair value hedge accounting, the carrying value of the hedged item is adjusted to reflect the cumulative impact of changes in fair value attributable to the hedged risk.

The hedge basis adjustment remains with the hedged item until the hedged item is de-recognized from the balance sheet.

The following tables present the impact of fair value hedge accounting on the carrying value of the hedged items at March 31, 2026 and September 30, 2025.

(In thousands) March 31, 2026

The following tables present the impact of fair value hedge accounting on the carrying value of the hedged items at June 30, 2026 and September 30, 2025.

AND SUBSIDIARIES

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

(In thousands) June 30, 2026

Balance sheet line item in which hedged item is recorded Carrying value of hedged items Cumulative gain (loss) fair value hedge adjustment included in carrying amount of hedged items

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$ 5,886,037 $ ( 4,464 )

AND SUBSIDIARIES

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

(1) Includes the amortized cost basis of the closed mortgage loan portfolios used to designate the hedging relationships in which the hedged items are a portfolio layer expected to be remaining at the end of the hedging relationships.

At March 31, 2026, the amortized cost basis of the closed loan portfolios used in the hedging relationships was $ 5,145,220,000 , the cumulative basis adjustment associated with the hedging relationships was $ 1,305,000 , and the amount of the designated hedged items was $ 1,370,000,000 .

(2) During the quarter, hedge accounting was discontinued on a $ 31,562,000 commercial loan hedge.

A basis adjustment of $( 1,502,681 ) associated with the terminated portion of the hedge was deferred and is being amortized over the remaining life of the related loan.

At June 30, 2026, the amortized cost basis of the closed loan portfolios used in the hedging relationships was $ 5,003,997,000 , the cumulative basis adjustment associated with the hedging relationships was $( 6,486,000 ), and the amount of the designated hedged items was $ 1,370,000,000 .

(2) Includes the fair value basis of mortgage backed securities designated in fair value hedging relationships.

At March 31, 2026, the fair value of the hedged mortgage backed securities was $ 906,982,000 , the cumulative basis adjustment associated with the hedging relationships was $ 8,464,000 , and the amount of the designated hedged items was $ 610,000,000 .

At June 30, 2026, the fair value of the hedged mortgage backed securities was $ 882,040,000 , the cumulative basis adjustment associated with the hedging relationships was $ 2,022,000 , and the amount of the designated hedged items was $ 610,000,000 .

(In thousands) September 30, 2025

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For qualifying cash flow hedges under ASC 815, gains and losses on the interest rate swaps are recorded in accumulated other comprehensive income ("AOCI") and then reclassified into earnings in the same period the hedged cash flows affect earnings and within the same income statement line item as the hedged cash flows.

As of March 31, 2026, the maturities for hedges of adjustable rate borrowings ranged from one year to seven years , with the weighted average being 3.9 years.

As of June 30, 2026, the maturities for hedges of adjustable rate borrowings ranged from one year to seven years , with the weighted average being 3.6 years.

AND SUBSIDIARIES

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The following tables present the impact of derivative instruments (cash flow hedges on borrowings) on AOCI for the periods presented.

(In thousands) Three Months Ended March 31,

(In thousands) Three Months Ended June 30,

Amount of gain/(loss) recognized in AOCI on derivatives in cash flow hedging relationships 2026 2025

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Total pre-tax gain/(loss) recognized in AOCI $ 7,068 $ ( 14,110 )

(In thousands) Six Months Ended March 31,

(In thousands) Nine Months Ended June 30,

Amount of gain/(loss) recognized in AOCI on derivatives in cash flow hedging relationships 2026 2025

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NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

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

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

Interest income on loans receivable Interest on Mortgage-backed securities Interest expense on FHLB advances Interest income on loans receivable Interest on Mortgage-backed securities Interest expense on FHLB advances

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NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

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

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

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The interest rate swaps are derivatives under ASC 815, with changes in fair value recorded in earnings.

The impact to the statement of operations for the six months ended March 31, 2026 was an increase in other income of $ 404,000 and an increase of $ 70,000 for the six months ended March 31, 2025.

The impact to the Consolidated Statement of Operations for the nine months ended June 30, 2026 was an increase in other income of $ 392,000 and an increase of $ 126,000 for the nine months ended June 30, 2025.

The following tables present the impact of derivative instruments (client swap program) that are not designated in accounting hedges under ASC 815 for the periods presented.

AND SUBSIDIARIES

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

(In thousands) Three Months Ended March 31,

(In thousands) Three Months Ended June 30,

Derivative instruments Classification of gain/(loss) recognized in income on derivative instrument 2026 2025

Interest rate contracts:

Pay fixed/receive floating swap Other noninterest income $ 1,218 $ ( 11,496 )

Receive fixed/pay floating swap Other noninterest income ( 838 ) 11,561

(In thousands) Six Months Ended March 31,

Pay fixed/receive floating swap Other non-interest income $ 5,105 $ ( 7,677 )

Receive fixed/pay floating swap Other non-interest income ( 5,117 ) 7,733

$ ( 12 ) $ 56

AND SUBSIDIARIES

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

(In thousands) Nine Months Ended June 30,

Derivative instruments Classification of gain/(loss) recognized in income on derivative instrument 2026 2025

Interest rate contracts:

Pay fixed/receive floating swap Other noninterest income $ ( 716 ) $ 8,689

Receive fixed/pay floating swap Other noninterest income 1,120 ( 8,619 )

Pay fixed/receive floating swap Other non-interest income $ 4,389 $ 1,013

Receive fixed/pay floating swap Other non-interest income ( 3,997 ) ( 887 )

NOTE H – Revenue from Contracts with Customers

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These sources of revenue include depositor and other consumer and business banking fees, commission income, as well as debit and credit card interchange fees.

In scope revenue streams represented approximately 4.0 % of Company total revenue for the six months ended March 31, 2026, compared to 3.4 % for the six months ended March 31, 2025.

In scope revenue streams represented approximately 4.1 % of Company total revenue for the nine months ended June 30, 2026, compared to 3.6 % for the nine months ended June 30, 2025.

As this standard is immaterial to the consolidated financial statements, the Company has omitted certain disclosures in ASC 606, including the disaggregation of revenue table.

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may also receive contingent incentive fees based on the volume of business generated for the insurance carrier and based on policy renewal rates.

AND SUBSIDIARIES

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

NOTE I – Commitments and Contingencies

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The majority of the leases contain renewal options and provisions for increases in rental rates based on a predetermined schedule or an agreed upon index.

AND SUBSIDIARIES

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

Financial Instruments with Off-Balance Sheet Risk - Off-balance-sheet credit exposures for the Company include unfunded loan commitments and letters of credit from the FHLB of Des Moines and the FHLB of San Francisco.

As of March 31, 2026, the Bank was obligated on FHLB letters of credit totaling $ 30,500,000 and unfunded loan commitments had a balance of $ 3,066,873,000 compared to September 30, 2025 when the bank was obligated on FHLB letters of credit totaling $ 62,606,000 and had unfunded commitments of $ 2,841,596,000 .

The reserve for unfunded commitments was $ 22,500,000 as of March 31, 2026, which is unchanged from September 30, 2025.

As of June 30, 2026, the Bank was obligated on FHLB letters of credit totaling $ 30,500,000 and unfunded loan commitments had a balance of $ 3,244,801,000 compared to September 30, 2025 when the bank was obligated on FHLB letters of credit totaling $ 62,606,000 and had unfunded commitments of $ 2,841,596,000 .

The reserve for unfunded commitments was $ 19,000,000 as of June 30, 2026, a decrease from $ 21,500,000 at September 30, 2025.

See Note A "Summary of Significant Accounting Policies" for details regarding the reserve methodology.

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The Company has evaluated its LIHTC investments and determined it does not have the ability to exercise significant influence over the operating or financial decisions of the funds.

This lack of significant influence due to the Company's role as a limited partners allows the Company to account for its LIHTC investments using the proportional amortization method.

The Company records the investments in affordable housing partnerships of $ 149,253,000 and $ 157,249,000 as of March 31, 2026 and September 30, 2025, respectively, as a component of other assets on the Consolidated Statements of Financial Condition and uses the proportional amortization method to account for the investments.

The Company's unfunded contribution commitments to these investments were $ 63,128,000 and $ 73,123,000 as of March 31, 2026 and September 30, 2025, respectively, which are recorded as a component of other liabilities on the Consolidated Statements of Financial Condition.

This lack of significant influence due to the Company's role as a limited partner allows the Company to account for its LIHTC investments using the proportional amortization method.

The Company records the investments in affordable housing partnerships of $ 145,273,000 and $ 157,249,000 as of June 30, 2026 and September 30, 2025, respectively, as a component of other assets on the Consolidated Statements of Financial Condition and uses the proportional amortization method to account for the investments.

The Company's unfunded contribution commitments to these investments were $ 57,054,000 and $ 73,123,000 as of June 30, 2026 and September 30, 2025, respectively, which are recorded as a component of other liabilities on the Consolidated Statements of Financial Condition.

Both the tax benefits and the amortization expense related to these investments are reflected in the provision for income taxes on the Consolidated Statements of Operations.

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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