Author: Ravi Shankar

BEVERLY, Mass., Oct. 22, 2026 (GLOBE NEWSWIRE) — ATN International, Inc. (“ATN” or the “Company”) (Nasdaq: ATNI), a provider of digital infrastructure and communications services, announced today that it will release its third quarter 2026 financial results on Wednesday, November 4, 2026, after market close. The Company will host a conference call to discuss the results starting at 9:00 a.m. Eastern time on Thursday, November 5, 2026.

Key details regarding the call are as follows:

Call Date: Thursday, November 5, 2026
Call Time: 9:00 a.m. ET
Webcast Link: https://edge.media-server.com/mmc/p/yxvfu7re

Live Call Participant Link: https://register-conf.media-server.com/register/BIcdbf83d9e6b44ffc9fa8c6b68a2b86ee

Webcast Link Instructions
You can listen to a live audio webcast of the conference call by visiting the “Webcast Link” above or the “Events & Presentations” section of the Company’s Investor Relations website at https://ir.atni.com/events-and-presentations. A replay of the conference call will be available at the same locations beginning at approximately 1:00 pm ET on the same day. The Company also will provide an investor presentation as a supplement to the call on the “Events & Presentations” section of its Investor Relations website.

Live Call Participant Instructions
To participate in the live call, you must register using the “Live Call Participant Link” above. Once registered, you will receive dial-in numbers and a unique PIN number. When you dial in, you will input your PIN and be routed into the call. If you register and forget your PIN, or lose the registration confirmation email, simply re-register to receive a new PIN.

About ATN
ATN International, Inc. (Nasdaq: ATNI), headquartered in Beverly, Massachusetts, is a provider of digital infrastructure and communications services operating in the United States and internationally, including the Caribbean region. The Company’s operating subsidiaries focus on rural and remote markets and primarily provide: (i) advanced wireless and wireline connectivity to residential, business, and government customers, including a range of high-speed Internet and data services, fixed and mobile wireless solutions, and video and voice services; and (ii) carrier and enterprise communications services.

For more information, please visit www.atni.com.

Company Contact: Michele Satrowsky SVP, Head of IR & Treasury ATN International Inc. ir@atni.com

Investor Relations Contact: Joe Noyons or Kelley Buchhorn Three Part Advisors, LLC jnoyons@threepa.com; kbuchhorn@threepa.com

HONG KONG, Oct. 22, 2026 (GLOBE NEWSWIRE) — Ping An Biomedical Co., Ltd. (Nasdaq: PASW) (the “Company”) today announced its entry into a letter of intent with Future Biotechnology Group Co., Limited (the “Letter of Intent”), for the planned acquisition (the “Planned Acquisition”) of three tumor cell-related medical technology patents covering areas including oncology diagnosis and treatment, cell detection and bioengineering, and biomarker and DNA probe technologies, for a consideration ranging from US 2 million to US 2.5 million. The Planned Acquisition shall be subject to a final acquisition agreement to be subsequently prepared and executed by the parties. The Planned Acquisition is intended to support the Company’s longer-term healthcare and biomedical R&D strategy and to establish a core intellectual property portfolio in oncology and biotechnology.

Strategic Rationale

The Company believes the Planned Acquisition is in line with its assessment of long-term structural trends in the healthcare market, particularly the growing importance of oncology-related diagnostics, research tools, and enabling biotechnologies. The Planned Acquisition is intended to advance the Company’s longer-term healthcare and biomedical strategy by establishing its position in tumor-related technology areas through targeted intellectual property. The Company intends to gradually build a healthcare technology asset reserve that can support not only ownership of core intellectual properties, but also potential pathways such as internal development, collaboration, and licensing. The Company expects this intellectual property reserve to provide foundational IP support for the subsequent commercialization and rollout of related healthcare businesses.

Expected Significance and Next Steps

Upon completion of the Planned Acquisition, the Company intends to incorporate the patents into its healthcare technology IP reserve. Management plans to evaluate appropriate pathways for further development, which may include internal research and development, collaboration with partners, and/or licensing, subject to further assessment and applicable approvals. The Company does not expect the Planned Acquisition , by itself, to generate material revenue in the near term; rather, it is intended as a foundational step to support the Company’s longer-term healthcare and biomedical initiatives.

Statement from Management

“Building a focused healthcare technology IP reserve is a measured step aligned with our long-term view of the medical market,” said Mr. Pijun Liu, Chief Executive Officer and Chairman of the Board of the Company. “This planned acquisition is a concrete step in our healthcare and biomedical strategy—not a one-off announcement. By combining disciplined capital allocation with rigorous compliance oversight, we aim to assemble core intellectual property that can support the future development and commercialization of related healthcare businesses.”

The Company notes that the planned transaction remains subject to due diligence, the negotiation and execution of definitive agreements, and applicable regulatory and contractual requirements. There can be no assurance that definitive agreements will be entered into or that the acquisition will be completed on the terms contemplated, or at all. The Company may update this announcement following execution of definitive agreements to reflect the final terms.

About Ping An Biomedical Co., Ltd.

Ping An Biomedical Co., Ltd. is a one-stop supply chain management (SCM) service provider in the apparel industry. It is also a forward-thinking company dedicated to delivering innovative solutions in healthcare and biomedical technology.

Safe Harbor and Informational Statement

This announcement contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact—including, without limitation, those with respect to the objectives, plans, and strategies of the Company set forth herein, and those preceded by or that include the words “believe,” “expect,” “anticipate,” “future,” “will,” “intend,” “plan,” “estimate,” or similar expressions—are forward-looking statements. Although the Company’s management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties that could cause the Company’s future results to differ materially from those anticipated. These forward-looking statements can change as a result of many possible events or factors, not all of which are known to the Company, which may include, without limitation: our ability to respond timely and accurately to changes in fashion trends and consumer preferences; management of customer concentration risk; reliance on third parties for supplies of raw materials, manufacturing services, and transport infrastructure; changes in government policy in China; China’s overall economic conditions and local market economic conditions; our ability to expand through strategic acquisitions and the establishment of new locations; compliance with government regulations; legislation or regulatory environments; geopolitical events; and other events and/or risks outlined in Ping An Biomedical Co., Ltd.’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of issuance, and Ping An Biomedical Co., Ltd. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

CONTACT: For more information, please contact:

Ping An Biomedical Co., Ltd.
Email: corpsec@pingan365.vip 

Celestia Investor Relations
Email: investors@celestiair.com 

WHITE PLAINS, N.Y., Oct. 22, 2026 (GLOBE NEWSWIRE) — NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the parent holding company of NorthEast Community Bank (the “Bank”), reported net income of $10.7 million, or $0.81 per basic share and $0.79 per diluted share, for the three months ended September 30, 2026 compared to net income of $11.9 million, or $0.90 per basic share and $0.87 per diluted share, for the three months ended September 30, 2025. In addition, the Company reported net income of $30.4 million, or $2.31 per basic share and $2.25 per diluted share, for the nine months ended September 30, 2026 compared to net income of $33.6 million, or $2.54 per basic share and $2.47 per diluted share, for the nine months ended September 30, 2025.

Kenneth A. Martinek, Chairman of the Board and Chief Executive Officer, stated “As we close out the third quarter of 2026 and begin the fourth quarter, we are pleased to report continuing growth of our loan portfolio, particularly in our construction loan portfolio.”

“Focusing on high demand, high growth submarkets in the Bronx, Rockland, Orange, and Sullivan Counties, we continue to grow the portfolio while also providing much needed housing in low- and moderate-income communities.”

“Demand for construction loans throughout these submarkets continues to demonstrate robust growth and we look forward to continuing our efforts as a responsible corporate citizen to meet this growing demand going forward.” Mr. Martinek continued.

“At September 30, 2026, construction loan commitments and loans-in-process outstanding increased by approximately 18.2% as compared to the third quarter of 2025, with over $763 million in total unfunded loan commitments outstanding, and representing a 12.2% increase over the amount of such total commitments outstanding at December 31, 2025.”

Highlights for the three months and nine months ended September 30, 2026 are as follows:

• Performance metrics continue to be strong with a return on average total assets ratio of 2.00%, a return on average shareholders’ equity ratio of 11.54%, and an efficiency ratio of 41.50% for the three months ended September 30, 2026. For the nine months ended September 30, 2026, the Company reported a return on average total assets ratio of 1.97%, a return on average shareholders’ equity ratio of 11.16%, and an efficiency ratio of 42.36%.
• Total assets increased $152.5 million, or 7.4%, to $2.2 billion at September 30, 2026 from $2.1 billion at December 31, 2025, driven by loan portfolio growth of $160.0 million, or 8.6%, to $2.0 billion at September 30, 2026 from $1.9 billion at December 31, 2025. Our allowance for credit losses related to loans totaled $4.7 million, or 0.23% of total loans at September 30, 2026, compared to $4.7 million, or 0.25% of total loans at December 31, 2025.
• Total stockholders’ equity increased by $19.0 million, or 5.4%, to $370.7 million, or 16.73% of total assets as of September 30, 2026 from $351.7 million, or 17.04% of total assets as of December 31, 2025.

Balance Sheet Summary

Total assets increased $152.5 million, or 7.4%, to $2.2 billion at September 30, 2026, from $2.1 billion at December 31, 2025. The increase in assets was primarily due to an increase in net loans of $160.0 million, partially offset by a decrease in cash and cash equivalents of $8.5 million.

Cash and cash equivalents decreased $8.5 million, or 10.5%, to $72.6 million at September 30, 2026 from $81.2 million at December 31, 2025. The decrease in cash and cash equivalents partially funded the increase of $160.0 million in net loans.

Equity securities decreased $341,000, or 1.3%, to $26.2 million at September 30, 2026 from $26.6 million at December 31, 2025. The decrease in equity securities was attributable to market depreciation of $1.3 million due to market interest rate volatility during the nine months ended September 30, 2026, partially offset by the purchase of $1.0 million in equity securities during the nine months ended September 30, 2026.

Securities held-to-maturity increased $359,000, or 2.0%, to $18.7 million at September 30, 2026 from $18.3 million at December 31, 2025 due to the purchase of $2.0 million in municipal securities, partially offset by pay-downs of various investment securities and an increase of $9,000 to the allowance for credit losses for held-to-maturity securities.

Loans, net of the allowance for credit losses, increased $160.0 million, or 8.6%, to $2.0 billion at September 30, 2026 from $1.9 billion at December 31, 2025. The increase in loans consisted of an increase of $207.3 million in construction loans, partially offset by decreases of $37.0 million in commercial and industrial loans, $5.0 million in multi-family loans, $3.3 million in mixed-use loans, $1.6 million in non-residential loans, $104,000 in one-to-four family loans, and $15,000 in consumer loans.

During the nine months ended September 30, 2026, we originated loans totaling $966.4 million, which include commitments and funded loans, consisting primarily of $914.8 million in construction loans, $26.3 million in commercial and industrial loans, $24.0 million in multi-family loans, $675,000 in mixed-use loans, and $500,000 in non-residential loans. The $914.8 million in construction loans had $393.5 million, or 43.0%, disbursed at loan closing, with the remaining funds to be disbursed over the terms of the construction loans. These disbursements were offset by normal pay-downs and principal reductions as construction projects were completed and either condominium units were sold to end buyers or multi-family rental buildings were refinanced by other financial institutions. The commercial and industrial loans had $19.1 million, or 72.7%, disbursed at loan closing as of September 30, 2026.

The allowance for credit losses related to loans was $4.7 million at September 30, 2026 and December 31, 2025. Although our total loan portfolio increased $160.0 million, or 8.6%, from December 31, 2025 to September 30, 2026, portfolios carrying higher allowance rates due to longer terms or higher credit risks have decreased. During the nine months ended September 30, 2026, commercial and industrial loans decreased $37.0 million, or 24.6%, and residential, multi-family, mixed use and non-residential mortgage loans decreased $10.0 million, or 2.7%. These decreases were mostly offset by an increase in the construction loan portfolio, which carries a lower allowance rate, during the same period.

The allowance for credit losses for off-balance sheet commitments increased $284,000, or 32.3%, to $1.2 million at September 30, 2026 from $879,000 at December 31, 2025 due primarily to an increase of $83.1 million, or 12.2%, in off-balance sheet commitments from December 31, 2025 to September 30, 2026.

The allowance for credit losses for held-to-maturity securities increased $9,000, or 7.1%, to $135,000 at September 30, 2026 from $126,000 at December 31, 2025 due to an increase in our municipal bond portfolio.

Premises and equipment decreased $339,000, or 1.3%, to $25.0 million at September 30, 2026 from $25.4 million at December 31, 2025 primarily due to the amortization of fixed assets. Property held for investment was $1.3 million at both September 30, 2026 and December 31, 2025.

Federal Home Loan Bank stock increased by $133,000, or 32.4%, to $543,000 at September 30, 2026 from $410,000 at December 31, 2025 primarily due to an increase in our mortgage-related assets.

Bank owned life insurance (“BOLI”) increased $557,000, or 2.1%, to $27.0 million at September 30, 2026 from $26.4 million at December 31, 2025 due to increases in the BOLI cash value.

Accrued interest receivable increased $626,000, or 5.1%, to $12.9 million at September 30, 2026 from $12.2 million at December 31, 2025 due to an increase in the loan portfolio.

Right of use assets — operating decreased $542,000, or 11.6%, to $4.1 million at September 30, 2026 from $4.7 million at December 31, 2025, primarily due to depreciation of the right of use assets.

Other assets increased $603,000, or 5.5%, to $11.6 million at September 30, 2026 from $11.0 million at December 31, 2025 due to an increase of $1.3 million in suspense accounts, partially offset by decreases of $592,000 in tax assets and $146,000 in prepaid expenses.

Total deposits increased $202.7 million, or 12.5%, to $1.8 billion at September 30, 2026 from $1.6 billion at December 31, 2025. The increase in deposits was primarily due to increases in certificates of deposit of $87.8 million, or 9.8%, NOW/money market accounts of $72.8 million, or 24.1%, and non-interest-bearing deposits of $53.7 million, or 19.8%, partially offset by a decrease in savings account balances of $11.6 million, or 8.2%.

The increase of $87.8 million in certificates of deposit consisted of increases of $201.8 million, or 54.5%, in brokered certificates of deposit, partially offset by decreases of $63.5 million, or 94.0%, in non-brokered listing services certificates of deposit and $50.5 million, or 11.3%, in retail certificates of deposit.

The increase in brokered certificates of deposit was due to management’s strategy to reduce short term borrowings due to the potential for further increases in interest rates. The decrease in non-brokered listing services certificates of deposit was due to management’s strategy to reduce the cost of funds. The decrease in retail certificates of deposit was due to a shift in deposits to our retail high yield money market accounts.

Advance payments by borrowers for taxes and insurance increased $523,000, or 22.2%, to $2.9 million at September 30, 2026 from $2.4 million at December 31, 2025 due primarily to accumulation of real estate tax payments from borrowers.

Borrowings decreased $70.0 million to no borrowings at September 30, 2026 from $70.0 million at December 31, 2025 due primarily to management’s strategy to reduce interest rate risk with less reliance on short term borrowings.

Lease liability – operating decreased $499,000, or 10.4%, to $4.3 million at September 30, 2026 from $4.8 million at December 31, 2025, primarily due to the amortization of the lease liability.

Accounts payable and accrued expenses increased $858,000, or 5.0%, to $18.2 million at September 30, 2026 from $17.3 million at December 31, 2025 due primarily to increases in accounts payable of $674,000, deferred compensation of $424,000, the allowance for credit losses for off-balance sheet commitments of $284,000, and suspense account – loan closings of $44,000, partially offset by decreases in accrued interest expense of $504,000 and accrued expenses of $64,000.

Stockholders’ equity increased $19.0 million, or 5.4% to $370.7 million at September 30, 2026, from $351.7 million at December 31, 2025. The increase in stockholders’ equity was due to net income of $30.4 million for the nine months ended September 30, 2026, the amortization expense of $1.6 million relating to restricted stock and stock options granted under the Company’s 2022 Equity Incentive Plan, an increase of $589,000 in earned employee stock ownership plan shares coupled with a reduction of $391,000 in unearned employee stock ownership plan shares, $37,000 in stock options exercised, and $42,000 in other comprehensive income. These increases were offset by dividends declared of $9.3 million and stock repurchases and excise taxes of $4.8 million.

Results of Operations for the Three Months Ended September 30, 2026 and 2025

Net Interest Income

Net interest income was $26.1 million for the three months ended September 30, 2026, as compared to $25.9 million for the three months ended September 30, 2025. The increase in net interest income of $154,000, or 0.6%, was primarily due to a decrease in interest expense that exceeded a decrease in interest income caused by a decrease in the cost of funds for interest-bearing liabilities that exceeded a decrease in the yield on interest-earning assets.

Total interest and dividend income decreased $608,000, or 1.5%, to $38.7 million for the three months ended September 30, 2026 from $39.3 million for the three months ended September 30, 2025. The decrease in interest and dividend income was due to a decrease in the yield on interest-earning assets by 61 basis points from 8.15% for the three months ended September 30, 2025 to 7.54% for the three months ended September 30, 2026, partially offset by an increase in the average balance of interest-earning assets of $123.7 million, or 6.4%, to $2.1 billion for the three months ended September 30, 2026 from $1.9 billion for the three months ended September 30, 2025.

The decrease in the yield on interest-earning assets was due to a 75 basis points decrease in the Federal Funds rate from September 2025 to December 2025, partially offset by a 25 basis points increase in the Federal Funds rate in September 2026. These interest rate movements resulted in a decrease in the yield on our construction loans and commercial and industrial loans because the interest rates on these loans are indexed to the Prime Rate and change whenever the Prime Rate changes.

Interest expense decreased $762,000, or 5.7%, to $12.6 million for the three months ended September 30, 2026 from $13.3 million for the three months ended September 30, 2025. The decrease in interest expense was due to a decrease in the cost of interest-bearing liabilities by 39 basis points from 3.91% for the three months ended September 30, 2025 to 3.52% for the three months ended September 30, 2026. The decrease in the cost of interest-bearing liabilities was offset by an increase in the average balance of interest-bearing liabilities of $62.6 million, or 4.6%, to $1.4 billion for the three months ended September 30, 2026 from $1.4 billion for the three months ended September 30, 2025.

Our net interest margin decreased 29 basis points, or 5.5%, to 5.09% for the three months ended September 30, 2026 compared to 5.38% for the three months ended September 30, 2025. The decrease in the net interest margin was due to a 75 basis points decrease in the Federal Funds rate from September 2025 to December 2025, partially offset by a 25 basis points increase in the Federal Funds rate in September 2026. These interest rate movements resulted in a decrease in the yield on interest-earning assets and a smaller decrease in the cost of funds on interest-bearing liabilities.

Credit Loss Expense

The Company recorded no credit loss expense for the three months ended September 30, 2026 and September 30, 2025.

With respect to the allowance for credit losses for loans, we charged off $37,000 during the quarter ended September 30, 2026, as compared to charge-offs of $75,000 during the quarter ended September 30, 2025. The charge-offs during the quarters ended September 30, 2026 and September 30, 2025 were against various unpaid overdrafts in our demand deposit accounts.

We recorded recoveries of $8,000 during the quarter ended September 30, 2026 compared to recoveries of $99,000 during the quarter ended September 30, 2025. The recoveries during the quarters ended September 30, 2026 and September 30, 2025 comprised of recoveries from previously charged-off unpaid overdraft on demand deposit accounts.

Non-Interest Income

The Company recorded non-interest loss of $185,000 for the three months ended September 30, 2026 compared to non-interest income of $1.0 million for the three months ended September 30, 2025. The decrease of $1.2 million, or 118.2%, in total non-interest income was primarily due to a decrease of $1.3 million in unrealized gain/(loss) on equity securities and a loss of $10,000 on the disposition of fixed assets. These were partially offset by increases of $51,000 in other loan fees and service charges, $16,000 in BOLI income, and $13,000 in miscellaneous other non-interest income.

The decrease in unrealized gain/(loss) on equity securities was due to an unrealized loss of $1.1 million on equity securities during the quarter ended September 30, 2026 compared to an unrealized gain of $170,000 on equity securities during the quarter ended September 30, 2025. The unrealized loss of $1.1 million and unrealized gain of $170,000 on equity securities during the quarters ended September 30, 2026 and 2025, respectively, were due to market interest rate volatility during both periods.

The increase of $51,000 in other loan fees and service charges was due to increases of $62,000 in ATM/debit card/ACH fees and $3,000 in deposit account fees, partially offset by a decrease of $14,000 in loan service charges and fees. The increase of $16,000 in BOLI income was due to an increase in the yield on BOLI assets. The increase of $13,000 in miscellaneous other non-interest income was due to increases in miscellaneous operating income during the quarter.

Non-Interest Expense

Non-interest expense increased $402,000, or 3.9%, to $10.7 million for the three months ended September 30, 2026 from $10.4 million for the three months ended September 30, 2025. The increase resulted primarily from increases of $757,000 in other operating expenses, $43,000 in salaries and employee benefits, $26,000 in occupancy expense, and $10,000 in equipment expense, partially offset by decreases of $238,000 in real estate owned expense, $103,000 in outside data processing expense, and $93,000 in advertising expense.

Other non-interest operating expense increased $757,000, or 27.0%, to $3.6 million for the three months ended September 30, 2026 from $2.8 million for the three months ended September 30, 2025 due mainly to increases of $844,000 in miscellaneous other non-interest expense, $64,000 in consulting fees, $60,000 in service contracts expense, $52,000 in personnel recruitment expense, $8,000 in directors compensation, $4,000 in directors, officers and employees expense, $4,000 in office supplies, and $3,000 in insurance expense. These increases were partially offset by decreases of $179,000 in regulatory fees, $46,000 in legal fees, $21,000 in telephone expense, $20,000 in audit and accounting expense, and $16,000 in dues and subscription expense.

The increase of $844,000 in miscellaneous other non-interest expense was mainly due to increases of $729,000 in miscellaneous charge-offs, $66,000 in public company expense, $48,000 in miscellaneous other non-interest expense, and $2,000 in check and correspondent bank charges, partially offset by a decrease of $1,000 in postage expense. The increase of $729,000 in miscellaneous charge-offs was due to an increase in customer fraud involving checks and debit cards.

Income Taxes

We recorded income tax expense of $4.5 million and $4.7 million for the three months ended September 30, 2026 and 2025, respectively. For the three months ended September 30, 2026, we had approximately $259,000 in tax exempt income, compared to approximately $216,000 in tax exempt income for the three months ended September 30, 2025. Our effective income tax rate was 29.6% for the three months ended September 30, 2026 compared to 28.5% for the three months ended September 30, 2025.

Results of Operations for the Nine Months Ended September 30, 2026 and 2025

Net Interest Income

Net interest income was $74.9 million for the nine months ended September 30, 2026 as compared to $75.3 million for the nine months ended September 30, 2025. The decrease in net interest income of $401,000, or 0.5%, was primarily due to a decrease in interest income that exceeded a decrease in interest expense and a decrease in the yield on interest earning assets, partially offset by a smaller decrease in the cost of funds for interest bearing liabilities.

Total interest and dividend income decreased $4.8 million, or 4.2%, to $110.7 million for the nine months ended September 30, 2026 from $115.5 million for the nine months ended September 30, 2025. The decrease in interest and dividend income was due to a decrease in the yield on interest earning assets by 61 basis points from 8.10% for the nine months ended September 30, 2025 to 7.50% for the nine months ended September 30, 2026, partially offset by an increase in the average balance of interest earning assets of $67.9 million, or 3.6%, to $2.0 billion for the nine months ended September 30, 2026 from $1.9 billion for the nine months ended September 30, 2025.

The decrease in the yield on interest-earning assets was due to a 75 basis points decrease in the Federal Funds rate from September 2025 to December 2025, partially offset by a 25 basis points increase in the Federal Funds rate in September 2026. These interest rate movements resulted in a decrease in the yield on our construction loans and commercial and industrial loans because the interest rates on these loans are indexed to the Prime Rate and change whenever the Prime Rate changes.

Interest expense decreased $4.4 million, or 11.0%, to $35.8 million for the nine months ended September 30, 2026 from $40.2 million for the nine months ended September 30, 2025. The decrease in interest expense was due to a decrease in the cost of interest bearing liabilities by 47 basis points from 3.95% for the nine months ended September 30, 2025 to 3.48% for the nine months ended September 30, 2026, partially offset by an increase in average interest bearing liabilities of $12.5 million, or 0.9%, to $1.4 billion for the nine months ended September 30, 2026 from $1.4 billion for the nine months ended September 30, 2025.

Net interest margin decreased 21 basis points, or 4.0%, to 5.07% for the nine months ended September 30, 2026 compared to 5.28% for the nine months ended September 30, 2025. The decrease in the net interest margin was due to a 75 basis points decrease in the Federal Funds rate from September 2025 to December 2025, partially offset by a 25 basis points increase in the Federal Funds rate in September 2026. These interest rate movements resulted in a decrease in the yield on interest-earning assets and a smaller decrease in the cost of funds on interest-bearing liabilities.

Credit Loss Expense

The Company recorded a credit loss expense of $860,000 for the nine months ended September 30, 2026 compared to a credit loss expense of $237,000 for the nine months ended September 30, 2025. The credit loss expense of $860,000 for the nine months ended September 30, 2026 was comprised of credit loss expense for loans of $568,000, credit loss expense for off-balance sheet commitments of $283,000, and credit loss expense for held-to-maturity securities of $9,000. The credit loss expense of $237,000 for the nine months ended September 30, 2025 was comprised of credit loss expense for loans of $62,000 and credit loss expense for off-balance sheet commitments of $175,000.

The credit loss expense for loans of $568,000 for the nine months ended September 30, 2026 was primarily due to replenishment of the allowance for credit losses due to charge-offs totaling $584,000.

The credit loss expense for off-balance sheet commitments of $283,000 for the nine months ended September 30, 2026 was primarily due to an increase in unfunded off-balance sheet commitments. The credit loss expense for held-to-maturity securities of $9,000 for the nine months ended September 30, 2026 was primarily due to an increase in the municipal bond portfolio.

The credit loss expense for loans of $62,000 for the nine months ended September 30, 2025 was primarily due to an increase in the multi-family loan portfolio. The credit loss expense for off-balance sheet commitments of $175,000 for the nine months ended September 30, 2025 was primarily due to an increase in unfunded off-balance sheet commitments.

With respect to the allowance for credit losses for loans, we charged off $584,000 during the nine months ended September 30, 2026 as compared to charge-offs of $678,000 during the nine months ended September 30, 2025. The charge-offs during the nine months ended September 30, 2026 comprised of $500,000 against a commercial and industrial loan and $84,000 against various unpaid overdrafts in our demand deposit accounts. The charge-offs during the nine months ended September 30, 2025 were against various unpaid overdrafts in our demand deposit accounts.

We recorded recoveries of $8,000 during the nine months ended September 30, 2026 compared to recoveries of $534,000 during the nine months ended September 30, 2025. The recoveries during the quarter ended September 30, 2026 comprised of recoveries from previously charged-off unpaid overdraft on demand deposit accounts. The recoveries of $534,000 during the nine months ended September 30, 2025 comprised of recoveries of $350,000 with respect to a previously charged-off non-residential mortgage loan and $184,000 from previously charged-off unpaid overdrafts on demand deposit accounts.

Non-Interest Income

Non-interest income for the nine months ended September 30, 2026 was $1.3 million compared to non-interest income of $3.1 million for the nine months ended September 30, 2025. The decrease of $1.9 million, or 59.7%, in total non-interest income was primarily due to decreases of $1.9 million in unrealized gain/(loss) on equity securities, $82,000 in other loan fees and service charges, and a loss of $10,000 on the disposition of fixed assets, partially offset by increases of $57,000 in miscellaneous other non-interest income and $43,000 in BOLI income.

The decrease in unrealized gain on equity securities was due to an unrealized loss of $1.3 million on equity securities during the nine months ended September 30, 2026 compared to an unrealized gain of $521,000 on equity securities during the nine months ended September 30, 2025. Both the unrealized loss of $1.3 million on equity securities during the 2026 period and the unrealized gain of $521,000 on equity securities during the 2025 period were due to market interest rate volatility during both periods.

The decrease of $82,000 in other loan fees and service charges was due to a decrease of $240,000 in other loan fees and loan servicing fees, partially offset by an increase of $154,000 in ATM/debit card/ACH fees and $3,000 in deposit account fees. The increase of $57,000 in miscellaneous other non-interest income was due to increases in miscellaneous operating income during the quarter. The increase in BOLI income of $43,000 was due to an increase in the yield on BOLI assets.

Non-Interest Expense

Non-interest expense increased $773,000, or 2.5%, to $32.3 million for the nine months ended September 30, 2026 from $31.5 million for the nine months ended September 30, 2025. The increase resulted primarily from increases of $965,000 in other operating expenses, $448,000 in salaries and employee benefits, and $199,000 in occupancy expense, partially offset by decreases of $277,000 in real estate owned expense, $232,000 in advertising expense, $76,000 in outside data processing expense, and $16,000 in equipment expense.

Other non-interest expense increased $965,000, or 11.5%, to $9.4 million for the nine months ended September 30, 2026 from $8.4 million for the nine months ended September 30, 2025 due mainly to increases of $1.2 million in miscellaneous other non-interest expense, $120,000 in service contract expense, $87,000 in consulting fees, $37,000 in insurance expense, $37,000 in directors, officers, and employee expense, $28,000 in directors compensation, and $11,000 in personnel recruitment expense. These increases were partially offset by decreases of $368,000 in regulatory fees, $61,000 in audit and accounting fees, $60,000 in telephone expense, $34,000 in dues and subscriptions expense, $25,000 in office supplies expense, and $3,000 in legal fees.

The increase of $1.2 million in miscellaneous other non-interest expense was mainly due to increases of $1.1 million in miscellaneous charge-offs, $112,000 in public company expenses, and $24,000 in check and correspondent bank charges, partially offset by decreases of $4,000 in postage expense and $3,000 in miscellaneous other non-interest expense. The increase of $1.1 million in miscellaneous charge-offs was due to an increase in customer fraud involving checks and debit cards.

Income Taxes

We recorded income tax expense of $12.6 million and $13.1 million for the nine months ended September 30, 2026 and 2025, respectively. For the nine months ended September 30, 2026, we had approximately $759,000 in tax exempt income, compared to approximately $630,000 in tax exempt income for the nine months ended September 30, 2025. Our effective income tax rates were 29.3% and 28.0% for the nine months ended September 30, 2026 and 2025, respectively.

Asset Quality

Non-performing assets totaled $17.4 million at September 30, 2026 compared to no non-performing assets at December 31, 2025. The non-performing assets at September 30, 2026 comprised of one construction loan totaling $13.9 million and two commercial and industrial loans totaling $3.5 million that are in foreclosure and are secured by a seven story multi-family building with 63 apartment units and one ground floor commercial space occupied by a supermarket located in the Bronx, New York. We do not currently anticipate any losses on these three loans because we believe the outstanding loan balance is sufficiently collateralized by the value of the security property.

Our ratio of non-performing assets to total assets was 0.79% at September 30, 2026 compared to 0.00% at December 31, 2025.

The Company’s allowance for credit losses related to loans was $4.7 million, or 0.23% of total loans at September 30, 2026, compared to $4.7 million, or 0.25% of total loans at December 31, 2025. Based on a review of the loans that were in the loan portfolio at September 30, 2026, management believes that the allowance for credit losses related to loans is maintained at a level that represents its best estimate of expected losses in the loan portfolio.

In addition, at September 30, 2026, the Company’s allowance for credit losses related to off-balance sheet commitments totaled $1.2 million and the allowance for credit losses related to held-to-maturity debt securities totaled $135,000.

Capital

The Company’s total stockholders’ equity to assets ratio was 16.73% as of September 30, 2026. At September 30, 2026, the Company had the ability to borrow $1.0 billion from the Federal Reserve Bank of New York and $8.0 million from Atlantic Community Bankers Bank.

The Bank’s capital position remains strong relative to current regulatory requirements and the Bank is considered a well-capitalized institution under the Prompt Corrective Action framework. As of September 30, 2026, the Bank had a tier 1 leverage capital ratio of 16.79% and a total risk-based capital ratio of 15.15%.

The Company commenced its third stock repurchase program on December 10, 2025 whereby the Company is authorized to repurchase up to 1,400,435, or 10%, of the Company’s issued and outstanding common stock. As of September 30, 2026, the Company had repurchased 239,894 shares of common stock under its third repurchase program, at a cost of $5.6 million, including commission costs and Federal excise taxes.

About NorthEast Community Bancorp

NorthEast Community Bancorp, headquartered at 325 Hamilton Avenue, White Plains, New York 10601, is the holding company for NorthEast Community Bank, which conducts business through its eleven branch offices located in Bronx, New York, Orange, Rockland, and Sullivan Counties in New York and Essex, Middlesex, and Norfolk Counties in Massachusetts and three loan production offices located in New City, New York, White Plains, New York, and Danvers, Massachusetts. For more information about NorthEast Community Bancorp and NorthEast Community Bank, please visit www.necb.com.

Forward Looking Statement

This press release contains certain forward-looking statements. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause actual results to differ materially from expected results include, but are not limited to, changes in market interest rates, regional and national economic conditions (including higher inflation or recessionary conditions and their impact on regional and national economic conditions), legislative and regulatory changes, changes relating to rent regulation and housing, including recent legislative action in New York City to freeze rents on certain rent-regulated properties, monetary and fiscal policies of the United States government, including policies of the United States Treasury and the Federal Reserve Board, the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts, the impact of changing political conditions or federal government shutdowns, the quality and composition of the loan or investment portfolios, demand for loan products, decreases in deposit levels necessitating increased borrowing to fund loans and securities, competition, demand for financial services in NorthEast Community Bank’s market area, changes in the real estate market values in NorthEast Community Bank’s market area, the impact of failures or disruptions in or breaches of the Company’s operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns, and changes in relevant accounting principles and guidelines. Additionally, other risks and uncertainties may be described in our annual and quarterly reports filed with the U.S. Securities and Exchange Commission (the “SEC”), which are available through the SEC’s website located at www.sec.gov. These risks and uncertainties should be considered in evaluating any forward-looking statements and undue reliance should not be placed on such statements. Except as required by applicable law or regulation, the Company does not undertake, and specifically disclaims any obligation, to release publicly the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of the statements or to reflect the occurrence of anticipated or unanticipated events.

CONTACT:	Kenneth A. Martinek
	Chairman and Chief Executive Officer
PHONE:	(914) 684-2500

NORTHEAST COMMUNITY BANCORP, INC. CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited)
		September 30,				December 31,
		2026				2025
		(In thousands, except share
		and per share amounts)
ASSETS
Cash and amounts due from depository institutions		$	7,711			$	10,456
Interest-bearing deposits			64,918				70,719
Total cash and cash equivalents			72,629				81,175
Certificates of deposit			100				100
Equity securities			26,229				26,570
Securities held-to-maturity (net of allowance for credit losses of $135 and $126, respectively)			18,674				18,315
Loans receivable			2,020,340				1,860,066
Deferred loan costs, net			36				268
Allowance for credit losses			(4,723	)			(4,731	)
Net loans			2,015,653				1,855,603
Premises and equipment, net			25,038				25,377
Investments in restricted stock, at cost			543				410
Bank owned life insurance			26,990				26,433
Accrued interest receivable			12,854				12,228
Property held for investment			1,306				1,334
Right of Use Assets – Operating			4,114				4,656
Right of Use Assets – Financing			340				343
Other assets			11,567				10,964
Total assets		$	2,216,037			$	2,063,508
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Deposits:
Non-interest bearing		$	325,624			$	271,924
Interest bearing			1,493,944				1,344,977
Total deposits			1,819,568				1,616,901
Advance payments by borrowers for taxes and insurance			2,875				2,352
Borrowings			–				70,000
Lease Liability – Operating			4,297				4,796
Lease Liability – Financing			464				434
Accounts payable and accrued expenses			18,183				17,325
Total liabilities			1,845,387				1,711,808
Stockholders’ equity:
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued or outstanding		$	—			$	—
Common stock, $0.01 par value; 75,000,000 shares authorized; 13,766,631 shares and 13,963,432 shares outstanding, respectively			138				140
Additional paid-in capital			108,957				111,575
Unearned Employee Stock Ownership Plan (“ESOP”) shares			(4,827	)			(5,218	)
Retained earnings			266,107				244,970
Accumulated other comprehensive gain			275				233
Total stockholders’ equity			370,650				351,700
Total liabilities and stockholders’ equity		$	2,216,037			$	2,063,508

NORTHEAST COMMUNITY BANCORP, INC. CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
		Three Months Ended September 30,							Nine Months Ended September 30,
		2026				2025			2026				2025
		(In thousands, except per share amounts)							(In thousands, except per share amounts)
INTEREST INCOME:
Loans		$	37,858			$	38,281		$	108,074			$	111,903
Interest-earning deposits			482				716			1,638				2,824
Securities			331				282			988				798
Total Interest Income			38,671				39,279			110,700				115,525
INTEREST EXPENSE:
Deposits			11,409				11,929			33,421				37,915
Borrowings			1,159				1,401			2,372				2,303
Financing lease			10				10			30				29
Total Interest Expense			12,578				13,340			35,823				40,247
Net Interest Income			26,093				25,939			74,877				75,278
Provision for credit loss			—				—			860				237
Net Interest Income after Provision for Credit Loss			26,093				25,939			74,017				75,041
NON-INTEREST (LOSS) INCOME:
Other loan fees and service charges			688				638			1,907				1,989
Loss on disposition of equipment			(10	)			–			(10	)			–
Earnings on bank owned life insurance			193				177			557				514
Unrealized (loss) gain on equity securities			(1,098	)			170			(1,341	)			521
Other			42				29			140				83
Total Non-Interest (Loss) Income			(185	)			1,014			1,253				3,107
NON-INTEREST EXPENSES:
Salaries and employee benefits			5,459				5,416			17,448				17,000
Occupancy expense			764				738			2,426				2,227
Equipment			235				225			679				695
Outside data processing			711				814			2,232				2,307
Advertising			22				115			108				340
Real estate owned expense			–				238			–				515
Other			3,562				2,805			9,358				8,394
Total Non-Interest Expenses			10,753				10,351			32,251				31,478
INCOME BEFORE PROVISION FOR INCOME TAXES			15,155				16,602			43,019				46,670
PROVISION FOR INCOME TAXES			4,483				4,737			12,600				13,068
NET INCOME		$	10,672			$	11,865		$	30,419			$	33,602

NORTHEAST COMMUNITY BANCORP, INC. SELECTED CONSOLIDATED FINANCIAL DATA (Unaudited)
		Three Months Ended September 30,								Nine Months Ended September 30,
		2026				2025				2026				2025
		(In thousands, except per share amounts)								(In thousands, except per share amounts)
Per share data:
Earnings per share – basic		$	0.81			$	0.90			$	2.31			$	2.54
Earnings per share – diluted			0.79				0.87				2.25				2.47
Weighted average shares outstanding – basic			13,131				13,252				13,156				13,228
Weighted average shares outstanding – diluted			13,566				13,632				13,537				13,626
Performance ratios/data:
Return on average total assets			2.00	%			2.35	%			1.97	%			2.25	%
Return on average shareholders’ equity			11.54	%			13.84	%			11.16	%			13.40	%
Net interest income		$	26,093			$	25,939			$	74,877			$	75,278
Net interest margin			5.09	%			5.38	%			5.07	%			5.28	%
Efficiency ratio			41.50	%			38.40	%			42.36	%			40.16	%
Net charge-off ratio			0.01	%			0.00	%			0.04	%			0.01	%
Loan portfolio composition:											September 30, 2026				December 31, 2025
One-to-four family										$	3,010			$	3,114
Multi-family											301,486				306,508
Mixed-use											21,862				25,197
Total residential real estate											326,358				334,819
Non-residential real estate											36,907				38,463
Construction											1,543,624				1,336,329
Commercial and industrial											113,408				150,397
Consumer											43				58
Gross loans											2,020,340				1,860,066
Deferred loan cost, net											36				268
Total loans										$	2,020,376			$	1,860,334
Asset quality data:
Loans past due over 90 days and still accruing										$	–			$	–
Non-accrual loans											17,444				–
Total non-performing assets										$	17,444			$	—
Allowance for credit losses to total loans											0.23	%			0.25	%
Allowance for credit losses to non-performing loans											27.08	%			0.00	%
Non-performing loans to total loans											0.86	%			0.00	%
Non-performing assets to total assets											0.79	%			0.00	%
Bank’s Regulatory Capital ratios:
Total capital to risk-weighted assets											15.15	%			15.62	%
Common equity tier 1 capital to risk-weighted assets											14.90	%			15.36	%
Tier 1 capital to risk-weighted assets											14.90	%			15.36	%
Tier 1 leverage ratio											16.79	%			16.39	%

NORTHEAST COMMUNITY BANCORP, INC. NET INTEREST MARGIN ANALYSIS (Unaudited)
		Three Months Ended September 30, 2026											Three Months Ended September 30, 2025
		Average				Interest			Average				Average				Interest			Average
		Balance				and dividend			Yield				Balance				and dividend			Yield
		(In thousands, except yield/cost information)											(In thousands, except yield/cost information)
Loan receivable gross		$	1,962,183			$	37,858			7.72	%		$	1,826,726			$	38,281			8.38	%
Securities			45,008				323			2.87	%			39,901				275			2.76	%
Federal Home Loan Bank stock			543				8			5.89	%			1,070				7			2.62	%
Other interest-earning assets			44,799				482			4.30	%			61,177				716			4.68	%
Total interest-earning assets			2,052,533				38,671			7.54	%			1,928,874				39,279			8.15	%
Allowance for credit losses			(4,752	)										(4,724	)
Non-interest-earning assets			90,933											91,219
Total assets		$	2,138,714										$	2,015,369
Interest-bearing demand deposit		$	377,489			$	2,894			3.07	%		$	298,408			$	2,559			3.43	%
Savings and club accounts			130,622				657			2.01	%			134,258				730			2.17	%
Certificates of deposit			798,602				7,858			3.94	%			807,285				8,640			4.28	%
Total interest-bearing deposits			1,306,713				11,409			3.49	%			1,239,951				11,929			3.85	%
Borrowed money			121,146				1,169			3.86	%			125,346				1,411			4.50	%
Total interest-bearing liabilities			1,427,859				12,578			3.52	%			1,365,297				13,340			3.91	%
Non-interest-bearing demand deposit			316,512											284,100
Other non-interest-bearing liabilities			24,473											23,046
Total liabilities			1,768,844											1,672,443
Equity			369,870											342,926
Total liabilities and equity		$	2,138,714										$	2,015,369
Net interest income / interest spread						$	26,093			4.01	%						$	25,939			4.24	%
Net interest rate margin										5.09	%										5.38	%
Net interest earning assets		$	624,674										$	563,577
Average interest-earning assets
to interest-bearing liabilities			143.75	%										141.28	%

NORTHEAST COMMUNITY BANCORP, INC. NET INTEREST MARGIN ANALYSIS (Unaudited)
		Nine Months Ended September 30, 2026											Nine Months Ended September 30, 2025
		Average				Interest			Average				Average				Interest			Average
		Balance				and dividend			Yield				Balance				and dividend			Yield
		(In thousands, except yield/cost information)											(In thousands, except yield/cost information)
Loan receivable gross		$	1,871,662			$	108,074			7.70	%		$	1,783,195			$	111,903			8.37	%
Securities			45,158				966			2.85	%			38,176				775			2.71	%
Federal Home Loan Bank stock			497				22			5.90	%			637				23			4.81	%
Other interest-earning assets			51,729				1,638			4.22	%			79,145				2,824			4.76	%
Total interest-earning assets			1,969,046				110,700			7.50	%			1,901,153				115,525			8.10	%
Allowance for credit losses			(4,692	)										(4,892	)
Non-interest-earning assets			91,797											94,435
Total assets		$	2,056,151										$	1,990,696
Interest-bearing demand deposit		$	349,140			$	7,999			3.05	%		$	290,663			$	7,405			3.40	%
Savings and club accounts			133,457				1,989			1.99	%			138,116				2,221			2.14	%
Certificates of deposit			803,627				23,433			3.89	%			860,890				28,289			4.38	%
Total interest-bearing deposits			1,286,224				33,421			3.46	%			1,289,669				37,915			3.92	%
Borrowed money			85,718				2,402			3.74	%			69,812				2,332			4.45	%
Total interest-bearing liabilities			1,371,942				35,823			3.48	%			1,359,481				40,247			3.95	%
Non-interest-bearing demand deposit			297,161											276,529
Other non-interest-bearing liabilities			23,754											20,433
Total liabilities			1,692,857											1,656,443
Equity			363,294											334,253
Total liabilities and equity		$	2,056,151										$	1,990,696
Net interest income / interest spread						$	74,877			4.01	%						$	75,278			4.15	%
Net interest rate margin										5.07	%										5.28	%
Net interest earning assets		$	597,104										$	541,672
Average interest-earning assets
to interest-bearing liabilities			143.52	%										139.84	%

WALPOLE, Mass., Oct. 22, 2026 (GLOBE NEWSWIRE) — Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest community, Station Walk at Walpole, is coming soon to Walpole, Massachusetts. A groundbreaking event was recently held at the community, located at 919 East Street in Walpole just half a mile from Union Station. Site work is underway and Station Walk at Walpole is anticipated to open for sale in early 2027.

Station Walk at Walpole is a thoughtfully designed community offering home shoppers the opportunity to choose from two distinct collections of residences: the Lofts Collection, featuring sophisticated condominiums, and the Towns Collection, which offers luxurious two-story carriage-style townhomes. Homes range from 1,559 to 2,009+ square feet and include 2 to 3 bedrooms, 2 to 3.5 bathrooms, and private 2-car garages. Pricing is anticipated to start from the mid-$700,000s for the Lofts Collection and mid-$900,000s for the Towns Collection.

Toll Brothers customers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows home shoppers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants.

Residents of Station Walk at Walpole will enjoy unbeatable convenience, with Union Station located just half a mile away, offering a 45-minute train ride to South Station in Boston. The community is situated within walking distance of charming downtown Walpole, which features local treasures such as The Raven’s Nest, Conrad’s Restaurant, and Kosmos. Students will attend highly acclaimed Walpole Public Schools, with all schools located within a five-minute drive of the community.

“We are thrilled to bring Station Walk at Walpole to Norfolk County, providing home shoppers with an exceptional combination of modern designs, low-maintenance living, and a prime location near Union Station and downtown Walpole,” said Ryan O’Rourke, Division President of Toll Brothers in Massachusetts. “This community represents a unique opportunity to own a luxury home in one of the most desirable areas of Massachusetts with easy access to Boston.”

For more information and to join the Toll Brothers interest list for Station Walk at Walpole, call (866) 232-1632 or visit TollBrothers.com/MA.

About Toll Brothers

Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded in 1967 and became a public company in 1986 with common stock listed on the New York Stock Exchange under the symbol “TOL.” Toll Brothers builds new homes and communities in over 60 markets across the United States, serving first-time, move-up, active-adult, and second-home buyers. The Company also operates its own architectural, engineering, mortgage, title, land development, smart home technology, landscape, and building components manufacturing businesses.

Toll Brothers was named the #1 Most Admired Home Builder in Fortune magazine’s 2026 list of the World’s Most Admired Companies®, the ninth year the Company has achieved this honor. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.

From Fortune, ©2026 Fortune Media IP Limited. All rights reserved. Used under license.

Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | ameck@tollbrothers.com

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/10290932-5bce-4aa8-b717-2364cba945bd
https://www.globenewswire.com/NewsRoom/AttachmentNg/e0d747df-c269-4608-9cfa-6bdaf3dbe45b

Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)

New luxury townhome community offers elevated living in a walkable Doylestown location

DOYLESTOWN, Pa., Oct. 22, 2026 (GLOBE NEWSWIRE) — Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the grand opening of 280 North at Doylestown, an intimate community of 18 luxury townhomes in Bucks County, Pennsylvania. Sitework is underway at 1 Dutch Lane in Doylestown, and the community is now open for sale with pre-model pricing by appointment only from the Toll Brothers Design Studio at 1144 Virginia Drive in Fort Washington.

280 North at Doylestown offers exquisitely designed 4-story townhomes with 3 to 4 bedrooms, 3.5 to 4.5 baths, and 2-car garages. The home designs showcase versatile layouts with sought-after features such as elevators, lofts, flex spaces, and rooftop terraces. Bright, open-concept kitchens and great rooms are designed for entertaining, while the rooftop terraces provide breathtaking views that extend for miles on clear days. Homes are priced from $1 million.

The community is ideally situated next to Broad Commons Park and a public dog park, as well as a short walk from the vibrant downtown Borough of Doylestown, providing easy access to shopping, dining, entertainment, cultural attractions, and recreation. The community’s proximity to Route 202, Route 611, and the Pennsylvania Turnpike ensures convenient travel to nearby destinations.

“280 North at Doylestown offers a rare opportunity to own a luxury home in one of Bucks County’s most sought-after locations,” said John Dean, Division President of Toll Brothers in Pennsylvania. “With its exceptional design, walkable location, and access to top-rated schools, this community truly exemplifies the Toll Brothers luxury lifestyle.”

Toll Brothers customers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows home shoppers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants. Design Ready and Quick Move-in homes with Designer Appointed Features are also available in the community, allowing home buyers the opportunity to move into their new dream home later this year.

Homeowners at 280 North at Doylestown will enjoy low-maintenance living with lawn care and snow removal provided. The community is also located within the highly sought-after Central Bucks School District.

For more information on 280 North at Doylestown and Toll Brothers communities throughout Pennsylvania, call 855-872-8205 or visit TollBrothers.com/PA.

About Toll Brothers

Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded in 1967 and became a public company in 1986 with common stock listed on the New York Stock Exchange under the symbol “TOL.” Toll Brothers builds new homes and communities in over 60 markets across the United States, serving first-time, move-up, active-adult, and second-home buyers. The Company also operates its own architectural, engineering, mortgage, title, land development, smart home technology, landscape, and building components manufacturing businesses.

Toll Brothers was named the #1 Most Admired Home Builder in Fortune magazine’s 2026 list of the World’s Most Admired Companies®, the ninth year the Company has achieved this honor. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.

From Fortune, ©2026 Fortune Media IP Limited. All rights reserved. Used under license.

Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | ameck@tollbrothers.com

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Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)

ANCHORAGE, Alaska, and MEDFORD, Ore., Oct. 22, 2026 (GLOBE NEWSWIRE) — Northrim BanCorp, Inc. (NASDAQ: NRIM) (“Northrim” or the “Company”), the holding company of Northrim Bank, and PBCO Financial Corporation (“PBCO”), the holding company of People’s Bank of Commerce (“People’s Bank”), an Oregon state-chartered bank, jointly announced today that they have received all required shareholder approvals related to Northrim’s proposed acquisition of PBCO. The final vote results on the proposal presented at the special meeting of Northrim’s shareholders on October 20, 2026, will be set forth in Northrim’s Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission. PBCO’s shareholders approved the merger agreement with Northrim at a special meeting of PBCO’s shareholders held on October 20, 2026.

“We appreciate the strong support our shareholders have shown for this merger. This approval is an important step toward bringing together two organizations that share a commitment to community banking, exceptional customer service, and strong local relationships,” said Michael Huston, President and CEO of Northrim Bank.

“As we move toward completing the transaction, we are excited about the opportunities ahead and what we can accomplish together. As a combined organization, we expect to be able to provide a more robust product offering coupled with local decision-making, and plan to continue delivering excellent customer service,” added Julia Beattie, President and CEO of People’s Bank of Commerce.

Completion of the transaction remains subject to the receipt of regulatory approvals and the satisfaction or waiver of the remaining customary closing conditions set forth in the merger agreement. Northrim and PBCO anticipate the transaction to close on or about January 1, 2027, subject to satisfaction or waiver of such remaining customary closing conditions.

About Northrim BanCorp, Inc. and Northrim Bank

Northrim is the holding company of Northrim Bank, an Alaska-based community bank with 21 branches throughout the state of Alaska. Northrim Bank differentiates itself with its detailed knowledge of Alaska’s economy and its “Customer First Service” philosophy. Northrim Funding Services, a division of Northrim Bank, operates a factoring and asset-based lending division in the State of Washington. Sallyport Commercial Finance, LLC, a specialty finance company, and Residential Mortgage, LLC, a regional home mortgage company, are wholly-owned subsidiaries of the Bank.

About PBCO Financial Corporation and People’s Bank of Commerce

Founded in 1998, People’s Bank of Commerce is a full-service, commercial bank headquartered in Medford, Oregon with branches in Albany, Ashland, Central Point, Eugene, Grants Pass, Jacksonville, Klamath Falls, Lebanon, Medford, and Salem. People’s Bank acquired Steelhead Finance in 2017. An accounts receivable factoring company headquartered in Medford, Oregon, Steelhead supports the transportation industry throughout the United States by providing cash flow and backroom management services to carriers and freight brokers. PBCO Financial Corporation’s stock trades on the over-the-counter market under the symbol PBCO.

Caution Regarding Forward-Looking Statements

This press release contains forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can often, but not always, be identified by the use of words like “believe”, “continue”, “pattern”, “estimate”, “project”, “intend”, “anticipate”, “expect” and similar expressions or future or conditional verbs such as “will”, “would”, “should”, “could”, “might”, “can”, “may”, or similar expressions. These forward-looking statements include, but are not limited to, statements relating to the expected timing of the merger with PBCO and expectations, goals, projections and benefits relating to the merger, as well as other statements regarding Northrim’s goals, intentions and expectations, business plan and growth strategies, and the anticipated future performance of Northrim, whether with respect to the merger or otherwise.

Forward-looking statements are not historical facts but instead express only Northrim management’s beliefs regarding future results or events, many of which, by their nature, are inherently uncertain and outside of management’s control. Actual results and outcomes may differ, possibly materially, from the anticipated results or outcomes indicated in these forward-looking statements because of risks and uncertainties, including, but are not limited to the risk that: (1) the business of PBCO may not be integrated with Northrim’s business successfully or such integration may be more difficult, time-consuming or costly than expected; (2) any of the anticipated benefits of the proposed merger may not be realized or may not be realized within the expected time period; (3) customer and employee relationships and business operations may be disrupted by the merger or the announcement of the merger, and the parties may be challenged in retaining key relationships both during the pendency of the merger and following the completion of the merger if that occurs; (4) the parties may not meet expectations regarding the timing of the proposed merger; (5) required regulatory approvals may not be obtained or such approvals may be more difficult, time-consuming or costly than expected; (6) there may be challenges in satisfying the other conditions to completion of the merger or the merger may fail to close for any other reason; (7) management’s attention may be diverted from ongoing business operations and opportunities due to the proposed merger; and (8) there may be potential negative impacts caused by the dilution resulting from Northrim’s issuance of shares of Northrim common stock in connection with the merger. Please refer to Northrim’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on March 6, 2026, as well as Northrim’s other filings with the SEC, for a more detailed discussion of risks, uncertainties and factors that could cause actual results to differ from those discussed in the forward-looking statements. Forward-looking statements speak only as of the date they are made. All subsequent written and oral forward-looking statements concerning the proposed merger or other matters attributable to Northrim or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. Except as required by law, Northrim does not undertake any obligation to update any forward-looking information contained in this press release, whether as a result of new information, future events, or otherwise.

www.northrim.com

Contact:	Mike Huston, Chairman, President, CEO, and COO
	(907) 261-8750
	Jed Ballard, Chief Financial Officer
	(907) 261-3539

Source: Northrim BanCorp Inc

Recognition highlights Coherent’s growth, financial strength and business momentum

SAXONBURG, Pa., Oct. 22, 2026 (GLOBE NEWSWIRE) — Coherent Corp. (NYSE: COHR), the global leader in photonics, is proud to announce its inclusion in the America’s Growth Leaders 2027 list, a distinguished ranking honoring companies demonstrating exceptional growth performance, financial stability, and stock performance. This recognition is presented by TIME and Statista, global leaders in data analysis and industry benchmarking, and it can now be viewed on time.com.

Being named to the America’s Growth Leaders 2027 list signifies that Coherent Corp. stands among the most accomplished businesses in the United States. These organizations have consistently excelled in expanding their market presence, maintaining strong financial foundations, and delivering value to shareholders. Inclusion in this elite group reflects sustained success, resilience through market fluctuations, and the ability to create lasting impact in the competitive global landscape.

“Being recognized as one of America’s Growth Leaders is a testament to the momentum we are building across Coherent,” said Jim Anderson, Chief Executive Officer of Coherent. “Our teams are executing with speed and focus, delivering innovative technologies that address some of the world’s most important opportunities. This recognition belongs to our employees around the world whose talent, commitment and relentless drive make our progress possible.”

Coherent’s portfolio of technologies spans some of the world’s most consequential markets, including artificial intelligence and datacenter infrastructure, communications, industrial applications, semiconductor manufacturing, electronics and instrumentation.

“Growth starts with people,” said Grace Lee, Chief People Officer. “Every day, our employees bring the ideas, energy and courage to push what’s possible. This recognition is a celebration of them and of what we can achieve together.”

The recognition reflects Coherent’s continued focus on disciplined execution, innovation and creating sustainable long-term value for customers, employees and shareholders.        

About Coherent

Coherent is the global photonics leader. We harness photons to drive innovation. Industry leaders in the datacenter, communications, and industrial markets rely on Coherent’s world-leading technology to fuel their own innovation and growth.

Founded in 1971 and operating in more than 20 countries, Coherent brings the industry’s broadest, deepest technology stack; unmatched supply chain resilience; and global scale to help its customers solve their toughest technology challenges. For more information, please visit us at coherent.com.

About Statista

Statista publishes hundreds of worldwide industry rankings and company listings with high-profile media partners. This research and analysis service is based on the success of statista.com, the leading data and business intelligence portal that provides statistics, relevant business data, and various market and consumer studies and surveys.

Media Contact:

Christina Itzkowitz
corporate.communications@coherent.com

Photos accompanying this announcement are available at

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WHITTIER, Calif., Oct. 22, 2026 (GLOBE NEWSWIRE) — First Pacific Bancorp (the “Company”) (OTCID: FPBC), the holding company for First Pacific Bank (the “Bank”), today reported consolidated results for the third quarter ended September 30, 2026, reflecting continued balance sheet growth, strong asset quality, and a solid capital and liquidity position.

Key Financial Highlights:

• Total assets ended the third quarter of 2026 at $532 million, an increase of $42 million since December 31, 2025, and a $46 million increase from September 30, 2025.  
• Total deposits ended the third quarter of 2026 at $449 million, up $43 million since year end 2025 and a $60 million increase from the third quarter 2025.
• Total loans ended the third quarter of 2026 at $362 million, up $42 million from both year end 2025 and the third quarter 2025.
• Asset quality remains excellent with minimal levels of classified or non-performing assets.
• The Bank ended the third quarter with a strong capital position, with a leverage capital ratio of 9.18% and a total risk-based capital ratio of 12.59%.
• As of September 30, 2026, liquidity resources included cash and cash equivalents of $61 million and unused borrowing capacity from credit facilities of $157 million.

For the quarter ended September 30, 2026, the Company realized a pre-tax, pre-provision profit of $673,000, compared to a pre-tax, pre-provision profit of $853,000 in the third quarter 2025. Net income for the third quarter of 2026 was $478,000, down from $607,000 in the third quarter 2025. For the nine months ended September 30, 2026, the Company reported pre-tax, pre-provision profit of $1.8 million and net income of $959,000.

Asset quality remains excellent with minimal non-performing assets, an allowance for credit losses of 0.89% of total loans at September 30, 2026, and minimal loan losses. The Company continues to emphasize conservative underwriting and active portfolio oversight.

“First Pacific Bank’s performance reflects disciplined execution, sound financial management, and an ongoing commitment to creating long-term shareholder value,” said Joe Matranga, Chairman of the Board. “Our strong asset quality, capital position, and liquidity provide a solid foundation for navigating changing market conditions and pursuing strategic opportunities that support sustainable growth.”

“The Bank’s financial results demonstrate the strength of our business model and the value of our relationship-driven approach,” said Nathan Rogge, President and Chief Executive Officer. “We remain focused on serving businesses with the expertise, responsiveness, and personalized service they expect from a community bank. Our upcoming expansion into Palm Desert builds on our established experience in the region and reflects our confidence in Coachella Valley’s business community and the opportunities it presents.”

ABOUT FIRST PACIFIC BANK

First Pacific Bank is a wholly owned subsidiary of First Pacific Bancorp (OTCID: FPBC) and is a growing community bank catering to individuals, professionals, and small-to-medium sized businesses throughout Southern California. Since opening in 2006, the Bank has offered a personalized approach, access to decision makers, a broad range of solutions, and a commitment to delivering an exceptional customer experience. First Pacific Bank operates locations in Los Angeles County, Orange County, San Diego County, and the Inland Empire. For more information, visit firstpacbank.com or call 888.BNK.AT.FPB.

FORWARD-LOOKING STATEMENTS

This news release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, and First Pacific Bancorp intends for such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely. Forward-looking statements relate to, among other things, our business plan, and strategies, and can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may” and similar expressions. These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management’s views as of any subsequent date. Factors that might cause such differences include, but are not limited to: successfully realizing the benefits of our business strategy and plans,; changes in general economic and financial market conditions, either nationally or locally, in areas in which First Pacific Bank conducts its operations; effects of inflation and changes in interest rates; continuing consolidation in the financial services industry; new litigation or changes in existing litigation; increased competitive challenges and expanding product and pricing pressures among financial institutions; impact of any natural disasters, including earthquakes; effect of governmental supervision and regulation, including any regulatory or other enforcement actions; legislation or regulatory changes which adversely affect First Pacific Bank’s operations or business; loss of key personnel; and changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies. The Company does not undertake, and specifically disclaims any obligation to update any forward-looking statements to reflect occurrences or unanticipated events, or circumstances after the date of such statements except as required by law.

Contacts
Investor Relations Contact	Media Relations Contact
Jerro Otsuki	Amanda Conover
714.352.7476	858.461.7308
jotsuki@firstpacbank.com	aconover@firstpacbank.com

— Summary Financial Tables Follow —

CONSOLIDATED BANCORP
First Pacific Bancorp
Consolidated Balance Sheets
(Unaudited)
	Sep 30, 2026			Jun 30, 2026			Mar 31, 2026			Dec 31, 2025			Sep 30, 2025
ASSETS
Cash and due from banks	$	8,847,646		$	7,465,348		$	7,145,738		$	13,335,659		$	4,361,215
Fed funds sold		52,415,000			44,080,000			40,765,000			43,805,000			47,580,000
Total cash and cash equivalents		61,262,646			51,545,348			47,910,738			57,140,659			51,941,215
Debt securities (AFS)		1,422,906			1,530,233			1,600,663			1,692,800			1,756,875
Debt securities (HTM)		92,866,892			94,057,989			95,162,219			96,088,528			96,991,887
Total debt securities		94,289,798			95,588,222			96,762,882			97,781,328			98,748,762
Construction & land development		29,372,632			31,729,264			28,526,915			29,510,901			27,728,045
1-4 Family residential		94,806,929			86,647,515			78,681,754			73,481,444			71,298,162
Multifamily residential		32,154,406			36,208,516			35,741,832			31,117,740			30,456,673
Other commercial real estate		129,528,521			124,427,953			119,250,067			115,196,071			116,977,598
Commercial & industrial		71,000,954			68,258,860			63,922,914			66,023,866			68,930,751
Consumer & Other		4,641,279			5,614,397			4,902,852			4,538,637			4,555,112
Total loans		361,504,721			352,886,505			331,026,334			319,868,659			319,946,341
Allowance for credit losses (loans)		(3,200,925	)		(3,228,938	)		(3,099,953	)		(3,122,503	)		(3,141,203	)
Total loans, net		358,303,796			349,657,567			327,926,381			316,746,156			316,805,138
Premises, equipment, and ROU net		2,651,011			2,819,645			3,015,551			3,171,482			3,277,724
Goodwill, core deposit & other intangibles		1,191,836			1,172,559			1,184,253			1,195,948			1,200,762
Bank owned life insurance		5,505,976			5,473,563			5,441,454			5,410,102			5,378,503
Accrued interest and other assets		8,440,202			8,476,931			8,071,091			8,170,560			8,585,760
Total Assets	$	531,645,265		$	514,733,835		$	490,312,350		$	489,616,235		$	485,937,864
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits:
Noninterest-bearing demand	$	169,037,177		$	145,337,752		$	148,975,933		$	160,085,795		$	134,783,120
Interest-bearing transaction accounts		23,877,309			25,333,189			26,391,254			34,875,562			26,611,844
Money market and savings		208,283,667			208,473,503			188,243,994			174,359,420			186,610,551
Time deposits		47,963,056			40,814,658			46,027,527			36,675,567			41,519,108
Total deposits		449,161,209			419,959,102			409,638,708			405,996,344			389,524,623
Borrowings		34,171,584			47,221,062			33,269,423			36,286,906			50,000,000
Accrued interest and other liabilities		4,964,225			4,800,394			4,867,802			5,376,494			5,211,202
Total liabilities		488,297,018			471,980,558			447,775,933			447,659,744			444,735,825
Shareholders’ Equity:
Capital stock and APIC		38,272,515			38,154,923			37,988,844			37,871,816			37,701,986
Retained earnings		5,620,986			5,142,824			5,114,724			4,662,166			4,104,143
Accum other comprehensive income		(545,254	)		(544,470	)		(567,151	)		(577,491	)		(604,090	)
Total shareholders’ equity		43,348,247			42,753,277			42,536,417			41,956,491			41,202,039
Total Liabilities and Shareholders’ Equity	$	531,645,265		$	514,733,835		$	490,312,350		$	489,616,235		$	485,937,864

First Pacific Bancorp
Consolidated Income Statements – Quarterly
(Unaudited)
	Sep 30, 2026		Jun 30, 2026		Mar 31, 2026		Dec 31, 2025		Sep 30, 2025
INTEREST INCOME
Loans, including fees	$	5,967,671	$	5,675,916	$	5,234,634	$	5,380,149	$	5,478,759
Debt securities		443,385		456,167		461,373		464,580		456,576
Fed funds & int-bearing balances		437,414		315,882		436,775		348,027		333,642
Total interest income		6,848,470		6,447,965		6,132,782		6,192,756		6,268,977
INTEREST EXPENSE
Deposits		2,000,310		1,800,915		1,741,409		1,907,127		1,766,021
Borrowings		327,486		354,089		214,829		218,288		393,330
Total interest expense		2,327,796		2,155,004		1,956,238		2,125,415		2,159,351
Net interest income		4,520,674		4,292,961		4,176,544		4,067,341		4,109,626
Provision for credit losses		–		470,000		–		–		–
Net interest income after provision		4,520,674		3,822,961		4,176,544		4,067,341		4,109,626
NONINTEREST INCOME
Service charges, fees and other income		139,455		144,568		128,933		221,064		114,633
Gains (losses) on sale of assets		117,897		–		–		27,681		29,966
Total noninterest income		257,352		144,568		128,933		248,745		144,599
NONINTEREST EXPENSE
Salaries and benefits		2,624,684		2,553,187		2,322,729		2,120,441		2,114,900
Occupancy and equipment		270,638		286,315		279,474		238,252		279,715
Other expense		1,209,767		1,095,007		1,068,946		1,242,133		1,006,318
Total noninterest expense		4,105,089		3,934,509		3,671,149		3,600,826		3,400,933
Income before income tax expense		672,937		33,020		634,328		715,260		853,292
Income tax expense		194,776		4,919		181,771		157,238		246,232
Net Income	$	478,161	$	28,101	$	452,557	$	558,022	$	607,060
Earnings per share basic (QTR)	$	0.11	$	0.01	$	0.10	$	0.13	$	0.14
Weighted average shares outstanding (QTR)		4,394,748		4,385,156		4,383,452		4,346,140		4,341,356

First Pacific Bancorp
Consolidated Income Statements – Year-to-Date
(Unaudited)
	Sep 30, 2026			Sep 30, 2025
INTEREST INCOME
Loans, including fees	$	16,878,221		$	15,323,400
Investment securities		1,360,925			1,383,380
Fed funds & int-bearing balances		1,190,071			1,086,993
Total interest income		19,429,217			17,793,773
INTEREST EXPENSE
Deposits		5,542,634			5,475,805
Borrowings		896,404			740,521
Total interest expense		6,439,038			6,216,326
Net interest income		12,990,179			11,577,447
Provision for credit losses		470,000			–
Net interest income after provision		12,520,179			11,577,447
NONINTEREST INCOME
Service charges, fees and other income		412,956			324,302
Gains (losses) on sale of assets		117,897			29,966
Total noninterest income		530,853			399,490
NON INTEREST EXPENSE
Salaries and benefits		7,500,600			6,462,029
Occupancy and equipment		836,427			816,302
Other expense		3,373,720			2,661,416
Total noninterest expense		11,710,747			9,939,747
Income before income tax expense		1,340,285			2,037,190
Income tax expense		381,466			583,924
Net Income	$	958,819		$	1,453,266
Earnings per share basic (YTD)	$	0.22		$	0.34
Weighted average shares outstanding (YTD)		4,387,827			4,336,901

First Pacific Bancorp
Quarterly Financial Highlights
(Unaudited)
		Quarterly
			2026			2026			2026			2025			2025
($$ in thousands except per share data)		3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr
EARNINGS
Net interest income	$		4,521			4,293			4,177			4,067			4,110
Provision for loan losses	$		0			470			0			0			0
Noninterest income	$		257			145			129			249			145
Noninterest expense	$		4,105			3,935			3,671			3,601			3,401
Income tax expense	$		195			5			182			157			246
Net income	$		478			28			453			558			607
Earnings per share basic	$		0.11			0.01			0.10			0.13			0.14
Weighted average shares outstanding			4,394,748			4,385,156			4,383,452			4,346,140			4,341,356
Ending shares outstanding			4,395,151			4,385,305			4,384,716			4,346,810			4,344,241
PERFORMANCE RATIOS
Return on average assets			0.38	%		0.02	%		0.39	%		0.48	%		0.52	%
Return on average common equity			4.42	%		0.26	%		4.35	%		5.33	%		5.92	%
Yield on loans			6.72	%		6.62	%		6.66	%		6.74	%		6.88	%
Yield on earning assets			5.56	%		5.48	%		5.50	%		5.50	%		5.61	%
Cost of deposits			1.86	%		1.77	%		1.75	%		1.91	%		1.85	%
Cost of funding			2.02	%		1.96	%		1.88	%		2.02	%		2.07	%
Net interest margin			3.67	%		3.65	%		3.74	%		3.61	%		3.68	%
Efficiency ratio			85.9	%		88.7	%		85.3	%		83.4	%		79.9	%
CAPITAL
Tangible equity to tangible assets			7.95	%		8.10	%		8.45	%		8.35	%		8.25	%
Book value (BV) per common share	$		9.86			9.75			9.70			9.65			9.48
Tangible BV per common share	$		9.59			9.48			9.43			9.38			9.21
ASSET QUALITY
Net loan charge-offs (recoveries)	$		28			371			23			0			0
Allowance for credit losses (loans)	$		3,201			3,229			3,100			3,123			3,141
Allowance to total loans			0.89	%		0.92	%		0.94	%		0.98	%		0.98	%
Nonperforming loans	$		1,034			1,087			1,541			1,200			858
END OF PERIOD BALANCES
Total loans	$		361,505			352,887			331,026			319,869			319,946
Total assets	$		531,645			514,734			490,312			489,616			485,938
Deposits	$		449,161			419,959			409,639			405,996			389,525
Loans to deposits			80.5	%		84.0	%		80.8	%		78.8	%		82.1	%
Shareholders’ equity	$		43,348			42,753			42,536			41,956			41,202
Full-time equivalent employees			57			57			49			48			46
AVERAGE BALANCES (QTRLY)
Total loans	$		352,322			343,841			318,801			316,836			315,976
Earning assets	$		488,502			471,712			452,508			446,590			443,150
Total assets	$		504,404			488,199			469,493			464,251			459,678
Deposits	$		426,948			407,196			403,573			396,716			378,916
Shareholders’ equity	$		42,962			42,742			42,178			41,498			40,681

Helsinki, Finland – October 22, 2026 –  ICEYE, the European leader in sovereign intelligence from space, and Nokia, a global leader in connectivity infrastructure, today signed a Letter of Intent with the Ministry of Defence of Ukraine, to explore cooperation in space. The partnership aims to support Ukraine’s defense capabilities, particularly in building sovereign satellite communications.

The shared intent was announced on 22 October 2026 during the visit of the Prime Minister of Finland to Ukraine.

Earlier this month, ICEYE and Nokia announced a partnership to develop secure, sovereign and high-performance broadband low Earth orbit (LEO) satellite communications systems for governments, supporting missions from defense and border security to emergency services and disaster response. Built on trusted European technology, the jointly developed satellite communications systems will give nations ownership and control of satellites, ground segment and terminals. 

Rafal Modrzewski, CEO and Co-founder of ICEYE, said: “Ukraine needs secure, sovereign and high-performance satellite communications systems that it controls. We have a proven track record of delivering sovereign missions at speed to help build that capability. ICEYE has proudly supported Ukraine since 2022, and we remain committed to continuing that support today.”

Mikko Hautala, Chief Geopolitical & Government Relations Officer, and Chairman, Nokia Defense, said: “Nations need communications they can rely on in every situation. Satellite networks extend and protect connectivity when networks on the ground are disrupted. This makes them a key part of any secure communications system. Through this Letter of Intent, together with Ukraine and ICEYE, we will explore how trusted, sovereign satellite communications can strengthen Ukraine’s resilience and give it control over the connectivity it depends on.” 

About ICEYE 

ICEYE is the world leader in sovereign intelligence from space. We deliver persistent monitoring capabilities to detect and respond to changes in any location on Earth.
ICEYE owns the world’s largest and most advanced SAR (synthetic aperture radar) satellite constellation. To our customers we provide intelligence with unmatched quality, latency and revisit times, in any weather, day or night. To governments who choose to operate their own constellation we provide this proven capability as a sovereign system. 
ICEYE-built constellations serve customers in defense and intelligence, environmental monitoring, insurance and emergency management. We enable fast decisions that contribute to a safer future. 
Natively European, founded in Finland. ICEYE operates globally with over 1,500 employees.

Media contact: press@iceye.com

About Nokia 

Nokia is a global leader in connectivity infrastructure, enabling the AI supercycle. We build networks that connect intelligence and deliver a comprehensive connectivity solution across fixed, mobile, IP, optical, core, and data center networks. With security by design, AI-driven innovation, and AI-optimized architecture, Nokia delivers trusted infrastructure that enables AI to scale and advances connectivity to secure a brighter world.

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Nokia Press Office
Email: Press.Services@nokia.com

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Integration brings Azimuth’s ADAS calibration identification and labor time capabilities into CCC ONE®, helping collision repairers streamline repair planning and estimating

CHICAGO, Oct. 22, 2026 (GLOBE NEWSWIRE) — CCC Intelligent Solutions Inc. (CCC), a leading SaaS and AI platform provider powering the insurance and repair economy, today announced a new integration with Azimuth Claims Solutions, bringing Azimuth’s ADAS calibration identification and labor time capabilities to the CCC ONE^® platform.

The integration will connect Azimuth’s ADAS calibration recommendations to CCC ONE, enabling repair facilities to view recommendations directly within the existing workflow. Azimuth combines OEM procedures, vehicle build data, and real-world time studies to help identify required OEM calibration operations and associated labor times. Repairers will also be able to add Azimuth recommendations to the estimate, helping reduce manual steps and support more efficient, consistent repair planning.

As advanced driver assistance systems become increasingly common across the vehicle fleet, identifying calibration requirements has become a more complex and critical part of the collision repair process. Integrating Azimuth with CCC ONE gives repairers access to actionable calibration information earlier in the repair process without requiring them to move between separate systems.

“ADAS technology continues to add complexity to the repair process, making it increasingly important for repairers to have the right information available at the right time,” said Dan Risley, vice president, market solutions, automotive services group at CCC Intelligent Solutions. “By integrating Azimuth with CCC ONE, we’re giving repairers another way to access actionable calibration recommendations within their existing workflow, helping them make informed decisions and keep repairs moving.”

Azimuth’s platform is designed to bring greater transparency and consistency to ADAS calibration planning by identifying required OEM procedures and labor associated with the vehicle and repair. The company’s technology helps insurers and collision repairers navigate increasingly complex calibration requirements as vehicle systems continue to evolve.

“ADAS calibration has become one of the most critical and least standardized components of modern collision repair. With sensors, cameras, and software-driven systems now involved in nearly every repair, the industry needs clearer, more consistent guidance to determine what procedures are required. By bringing Azimuth’s calibration identification engine and labor time intelligence into the CCC ONE platform, CCC is helping deliver the level of transparency, consistency, and workflow support that repairers and insurers expect from a modern, data-driven ecosystem. This collaboration enables a more informed, unified view of ADAS requirements tied directly to the repair plan, supporting better outcomes as vehicles continue their evolution into software-defined platforms,” said Charles Rich, chief executive officer of Azimuth Claims Solutions.

The addition of Azimuth expands CCC’s diagnostics network and reflects the company’s continued focus on connecting collision repairers with the tools, information and partners they need to navigate increasingly complex vehicle technology and repair requirements.

To learn more about CCC Diagnostics, visit CCC Diagnostics.

About CCC
CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCC) is a leading SaaS and AI platform powering the multi-trillion-dollar insurance and repair economy. CCC connects more than 35,000 businesses, including insurers, repairers, automakers and parts suppliers, through the workflows where claims and repair decisions are made every day. With AI built into those workflows for over a decade and informed by more than 40 years of industry data, CCC helps customers manage growing complexity and move work forward with confidence. Through purposeful innovation and the strength of its network, CCC helps keep people’s lives moving forward when it matters most.
Learn more about CCC at www.cccis.com.

About Azimuth Claims Solutions
Azimuth Claims Solutions provides the industry’s first integrated ADAS calibration identification and labor time platform, bringing transparency and defensibility to one of the most complex areas of modern collision repair. Our system maps OEM procedures, vehicle build data, and real world time studies into a clear, consistent report aligned with emerging CIECA standards. By delivering software grade accuracy and operational clarity, Azimuth helps insurers, shops, and MSOs streamline the claims process, reduce friction, and ensure safe, compliant repairs. For more information, visit www.azimuthclaims.com.

Special Note Regarding Forward-Looking Statements 

This press release contains forward-looking statements that are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements regarding future use and performance of CCC’s digital solutions. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, competition, including technological advances and new products marketed by competitors; changes to applicable laws and regulations; and other risks and uncertainties, including those included under the header “Risk Factors” in CCC’s filings with the Securities and Exchange Commission (“SEC”), including the Form 10-K filed February 24, 2026, which can be obtained, without charge, at the SEC’s website (www.sec.gov). The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.

CCC Media Contact: Michelle Hellyar
mhellyar@cccis.com | 773.791.3675