Author: Ravi Shankar

•Quarterly distribution of $0.5250 per unit attributable to the third quarter of 2026

Allentown, PA, Oct. 21, 2026 (GLOBE NEWSWIRE) —

CrossAmerica Partners LP Maintains Quarterly Distribution

• Quarterly distribution of $0.5250 per unit attributable to the third quarter of 2026

ALLENTOWN, PA (October 21, 2026) – CrossAmerica Partners LP (NYSE: CAPL) announced today that the Board of Directors of its general partner has approved a quarterly distribution of $0.5250 per unit attributable to the third quarter of 2026 (annualized $2.10 per unit). The distribution attributable to the third quarter is payable on November 12, 2026, to all unitholders of record on November 2, 2026.

CrossAmerica will host a conference call on November 5^th at 9:00 a.m. Eastern Time to discuss third quarter 2026 earnings results, which will be released after the market closes on Wednesday, November 4.

About CrossAmerica Partners LP

CrossAmerica Partners is a leading wholesale distributor of motor fuels, convenience store operator, and owner and lessor of real estate used in the retail distribution of motor fuels. Its general partner, CrossAmerica GP LLC, is indirectly owned and controlled by entities affiliated with Joseph V. Topper, Jr., the founder of CrossAmerica Partners and a member of the board of the general partner since 2012. Formed in 2012, CrossAmerica Partners LP is a distributor of branded and unbranded petroleum for motor vehicles in the United States and distributes fuel to approximately 1,500 locations and owns or leases approximately 900 sites. With a geographic footprint covering 34 states, the Partnership has well-established relationships with several major oil brands, including ExxonMobil, BP, Shell, Marathon, Valero, Phillips 66 and other major brands. CrossAmerica Partners ranks as one of ExxonMobil’s largest distributors by fuel volume in the United States and in the top 10 for additional brands. For additional information, please visit www.crossamericapartners.com.

Forward Looking Statement

Statements contained in this release that state the Partnership’s or management’s expectations or predictions of the future are forward-looking statements. The words “believe,” “expect,” “should,” “intends,” “estimates,” “target,” “plan” and other similar expressions identify forward-looking statements. It is important to note that actual results could differ materially from those projected in such forward-looking statements. For more information concerning factors that could cause actual results to differ from those expressed or forecasted, see CrossAmerica’s Forms 10-Q or Form 10-K filed with the Securities and Exchange Commission and available on CrossAmerica’s website at www.crossamericapartners.com. The Partnership undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.

Note to Non-United States Investors: This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4. Brokers and nominees should treat one hundred percent (100%) of CrossAmerica Partners LP’s distributions to non-U.S. investors as attributable to income that is effectively connected with a United States trade or business. Accordingly, CrossAmerica Partners LP’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.

Contact – Randy Palmer, rpalmer@caplp.com or 610-625-8000

Elgin, IL, Oct. 21, 2026 (GLOBE NEWSWIRE) — John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS), a major processor and distributor of snack and recipe nut products and snack bar manufacturer, will hold its quarterly conference call to discuss its first quarter Fiscal 2027 operating results on Thursday, October 29, 2026 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time).  First Quarter Results are expected to be released after the market closes on Wednesday October 28, 2026.

To register for the call, please click on the Participant Registration by register using this link:
https://register-conf.media-server.com/register/BIa447cc3d9c27464abaf30d9ac7ebfef6

After registering, an email will be sent, including dial-in details and a unique access code required to join the live call. Please ensure you have registered at least 15 minutes prior to the conference call time.

This call is being webcast by Notified and can be accessed at John B. Sanfilippo & Son, Inc.’s Web site at https://jbssinc.com/investors/ or via the Listen Only link:  
https://edge.media-server.com/mmc/p/52hr2kgq

Based in Elgin, Illinois, John B. Sanfilippo & Son, Inc. is a processor, packager, marketer and distributor of nut and dried-fruit products, and snack bars that are sold under the Company’s Fisher ®, Orchard Valley Harvest ®, Squirrel Brand ®, and Southern Style Nuts ® brand names and under a variety of private brands.

CONTACT: COMPANY CONTACT:
Frank Pellegrino
Chief Financial Officer
847-214-4138

INVESTOR RELATIONS CONTACT:
John Beisler or Steven Hooser
Three Part Advisors, LLC
817-310-8776

SAN JOSE, Calif., Oct. 21, 2026 (GLOBE NEWSWIRE) — QuantumScape Corporation (NASDAQ: QS), a global leader in next-generation solid-state lithium-metal battery technology, today announced its business and financial results for the third quarter of 2026, which ended September 30.

The company posted a letter to shareholders on its Investor Relations website, ir.quantumscape.com, that details third-quarter financial results and provides a business update.

QuantumScape will host a live webcast today at 2 p.m. Pacific Time (5 p.m. Eastern Time), accessible via its IR Events page.

An archive of the webcast will be available shortly after the call for 12 months.

About QuantumScape Corporation

QuantumScape is on a mission to revolutionize energy storage to enable a sustainable future. The company’s next-generation batteries are designed to enable greater energy density, faster charging and enhanced safety to support the transition away from legacy energy sources toward a lower carbon future. For more information, visit www.quantumscape.com.

For Investors
ir@quantumscape.com

For Media
media@quantumscape.com

St. Louis, Oct. 21, 2026 (GLOBE NEWSWIRE) — ESCO Technologies Inc. (NYSE:ESE) will report its fourth quarter financial results after the market close on Thursday, November 19, 2026, followed by a conference call where the financial results and related commentary will be discussed.  

Event:       Fourth Quarter 2026 Conference Call
Date:        Thursday, November 19
Time:        4:00 p.m. Central Time

The conference call webcast and an accompanying slide presentation will be available in the Investor Center of ESCO’s website. The slide presentation will be utilized during the call and will be posted on the website prior to the call. Participants may also access the webcast using this registration link.

For those unable to participate, a webcast replay will be available after the call in the Investor Center of ESCO’s website.

ESCO Technologies is a global provider of highly engineered products and solutions serving diverse end-markets. It manufactures filtration and fluid control products, advanced composites, as well as signature and power management solutions for aviation, Navy, and industrial customers. ESCO is an industry leader in designing and manufacturing RF test and measurement products and systems; and provides diagnostic instruments, software and services to industrial power users and the electric utility and renewable energy industries. Headquartered in St. Louis, Missouri, ESCO and its subsidiaries have offices and manufacturing facilities worldwide. For more information on ESCO and its subsidiaries, visit ESCO’s website at www.escotechnologies.com

SOURCE ESCO Technologies Inc.
Kate Lowrey, Vice President of Investor Relations, (314) 213-7277

CEDAR RAPIDS, Iowa, Oct. 21, 2026 (GLOBE NEWSWIRE) — United Fire Group, Inc. (UFG) (Nasdaq: UFCS) announced today that its third quarter 2026 earnings results will be released after the market closes on Tuesday, November 3, 2026. An earnings call will be held on Wednesday, November 4, 2026 at 9 a.m. CT to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the company’s third quarter 2026 results.

Teleconference: Dial-in information for the call is toll-free 1-844-492-3723 (international 1-412-542-4184). Participants should request to join the United Fire Group call. The event will be archived and available for digital replay through November 11, 2026. The replay access information is toll-free 1-855-669-9658 (international 1-412-317-0088); access code no. 7395592.

Webcast: A webcast of the teleconference can be accessed at https://ir.ufginsurance.com/events-and-presentations/ or https://event.choruscall.com/mediaframe/webcast.html?webcastid=diu4S67f. The archived audio webcast will be available for one year.

Transcript: A transcript of the teleconference will be available on the company’s website soon after the completion of the teleconference.

About UFG:

Founded in 1946 as United Fire & Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance. The company is licensed as a property and casualty insurer in 50 states and the District of Columbia, and is represented by approximately 850 independent agencies. A.M. Best Company assigns a rating of “A-” (Excellent) for members of the United Fire & Casualty Group. For more information about UFG, visit www.ufginsurance.com.

Contact:

Investor relations
Email: ir@unitedfiregroup.com

Media inquiries
Email: news@unitedfiregroup.com

WILMINGTON, N.C., Oct. 21, 2026 (GLOBE NEWSWIRE) — Live Oak Bancshares, Inc. (NYSE: LOB) (“Live Oak” or “the Company”) today reported third quarter of 2026 net income attributable to common shareholders of $24.3 million, or $0.52 per diluted common share.

Live Oak’s performance in the quarter, compared to the second quarter of 2026 and third quarter of 2025, includes these notable items:

• Net interest income increased 6.1% and 15.2% compared to the second quarter of 2026 and third quarter of 2025, respectively. Net interest margin decreased 3 basis points during the third quarter of 2026 from 3.33% for the second quarter of 2026 and third quarter of 2025 to 3.30%
• Revenue (comprised of net interest income and noninterest income) increased 12.5% and 23.4% compared to the second quarter of 2026 and third quarter of 2025, respectively, and noninterest expense increased 1.4% and 2.6% compared to the second quarter of 2026 and third quarter of 2025, respectively, which generated a 25.6% and 52.9% increase in pre-provision net revenue¹ compared to the second quarter of 2026 and third quarter of 2025, respectively
• Strong loan production of $2.1 billion accompanied by strong deposit growth of $920.6 million during the third quarter of 2026, compared to June 30, 2026, with total assets growing by 5.8% and 15.7% to $17.0 billion as of September 30, 2026, compared to June 30, 2026 and September 30, 2025, respectively
• Provision expense for credit losses of $54.7 million for the third quarter of 2026, increased $28.9 million and $32.5 million compared to the second quarter of 2026 and third quarter of 2025, respectively. The provision in the third quarter of 2026 was primarily driven by decisive action of $17.0 million related to the stressed distillery portfolio and reserves to support continued loan growth

“The fundamental story at Live Oak is that our franchise is getting stronger. Our operating leverage is improving, Live Oak Express continues to accelerate, and our deposit franchise is marching with gaining momentum,” said Live Oak Chairman and CEO James S. (Chip) Mahan III. “The earnings power of this business is expanding because revenue growth is meaningfully outpacing expenses, our loan origination engine is running strong,  and our strategic initiatives are delivering results. This operating leverage momentum has aided in absorbing the elevated provision expense in the quarter, which primarily supported record loan growth while also our continued efforts to decisively act to address stress in our distillery-related portfolio.  As I think about our operating earnings model, strong loan pipeline, and the possibilities that AI may unlock for both our customers and our employees, I am truly excited about Live Oak’s future.”

Conference Call

Live Oak will host a conference call to discuss the Company’s financial results and business outlook tomorrow, October 22, 2026, at 9:00 a.m. ET. The call will be accessible by telephone and webcast. A supplementary slide presentation will be posted to the website prior to the event, and a replay will be available for 12 months following the event. The conference call details are as follows:

Live Telephone Dial-In

U.S.: 833.461.5787
Meeting ID: 300 750 082

Live Webcast Log-In

Webcast Link: investor.liveoakbank.com
Registration: Name and Email Required

Analyst Registration

To participate in Q&A, analysts must receive a unique passcode. Please follow instructions located at investor.liveoakbank.com.

(1)    See accompanying GAAP to Non-GAAP Reconciliation.

Third Quarter 2026 Key Measures

(Dollars in thousands, except per share data)													3Q 2026 Change vs.
													2Q 2026							3Q 2025
	3Q 2026				2Q 2026				3Q 2025				$				%			$				%
Total revenue (1)	$	175,646			$	156,145			$	142,330			$	19,501			12.5	%		$	33,316			23.4	%
Total noninterest expense		85,720				84,525				83,516				1,195			1.4				2,204			2.6
Provision for credit losses		54,700				25,800				22,242				28,900			112.0				32,458			145.9
Income before taxes		35,226				45,820				36,572				(10,594	)		(23.1	)			(1,346	)		(3.7	)
Effective tax rate		25.4	%			19.9	%			27.6	%		n/a				n/a			n/a				n/a
Net income attributable to common shareholders	$	24,260			$	34,701			$	25,562			$	(10,441	)		(30.1) %			$	(1,302	)		(5.1) %
Diluted earnings per common share		0.52				0.74				0.55				(0.22	)		(29.7	)			(0.03	)		(5.5	)
Loan and lease production		2,133,637				1,548,432				1,648,711				585,205			37.8				484,926			29.4
Total loans and leases		13,869,854				13,142,671				11,915,511				727,183			5.5				1,954,343			16.4
Total assets		16,965,575				16,038,141				14,665,902				927,434			5.8				2,299,673			15.7
Total deposits		15,468,175				14,547,526				13,290,723				920,649			6.3				2,177,452			16.4

(1)    Total revenue consists of net interest income and total noninterest income.

Important Note Regarding Forward-Looking Statements

Statements in this press release that are based on other than historical data or that express the Company’s plans or expectations regarding future events or determinations are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Statements based on historical data are not intended and should not be understood to indicate the Company’s expectations regarding future events. Forward-looking statements provide current expectations or forecasts of future events or determinations. These forward-looking statements are not guarantees of future performance or determinations, nor should they be relied upon as representing management’s views as of any subsequent date. Forward-looking statements involve significant risks and uncertainties, and actual results may differ materially from those presented, either expressed or implied, in this press release. Factors that could cause actual results to differ materially from those expressed in the forward-looking statements include changes in Small Business Administration (“SBA”) rules, regulations or loan products, including the Section 7(a) program, changes in SBA standard operating procedures or changes in Live Oak Banking Company’s status as an SBA Preferred Lender; changes in rules, regulations or procedures for other government loan programs, including those of the United States Department of Agriculture; adverse developments in the banking industry highlighted by high-profile bank failures and the potential impact of such developments on customer confidence, liquidity, and regulatory responses to these developments; the impacts of any pandemic or public health situation on trade (including supply chains and export levels), travel, employee productivity and other economic activities that may have a destabilizing and negative effect on financial markets, economic activity and customer behavior; risks relating to the deployment and use of artificial intelligence by the Company, its customers, and counterparties; a reduction in or the termination of the Company’s ability to use the technology-based platform that is critical to the success of its business model, including a failure in or a breach of operational or security systems or those of its third-party service providers; risks relating to the material weakness we identified in our internal control over financial reporting; technological risks and developments, including cyber threats, attacks, or events; competition from other lenders; the Company’s ability to attract and retain key personnel; market and economic conditions and the associated impact on the Company; operational, liquidity and credit risks associated with the Company’s business; changes in political and economic conditions, including any prolonged U.S. government shutdown; the impact of heightened regulatory scrutiny of financial products and services and the Company’s ability to comply with regulatory requirements and expectations; changes in tariffs and trade barriers, including potential changes in U.S. and international trade policies and the resulting impact on the Company and its customers; a deterioration of the credit rating for U.S. long-term sovereign debt, actions that the U.S. government may take to avoid exceeding the debt ceiling, and uncertainties surrounding the debt ceiling and the federal budget; adverse results, including related fees and expenses, from pending or future lawsuits, government investigations or private actions; and the other factors discussed in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) and available at the SEC’s Internet site (http://www.sec.gov). Except as required by law, the Company specifically disclaims any obligation to update any factors or to publicly announce the result of revisions to any of the forward-looking statements included herein to reflect future events or developments.

About Live Oak Bancshares, Inc.

Live Oak Bancshares, Inc. (NYSE: LOB) is a financial holding company and the parent company of Live Oak Bank. Live Oak Bancshares and its subsidiaries partner with businesses that share a groundbreaking focus on service and technology to redefine banking. To learn more, visit www.liveoak.bank.

Contacts:

Walter J. Phifer | CFO | Investor Relations | 910.218.2196
Claire Parker | Corporate Communications | Media Relations | 910.597.1592

Live Oak Bancshares, Inc.
Quarterly Statements of Income (unaudited)
(Dollars in thousands, except per share data)

	Three Months Ended																				3Q 2026 Change vs.
	3Q 2026				2Q 2026				1Q 2026				4Q 2025				3Q 2025				2Q 2026			3Q 2025
Interest income																					%			%
Loans and fees on loans	$	237,270			$	221,705			$	214,129			$	218,852			$	211,599			7.0			12.1
Investment securities, taxable		14,254				13,411				13,009				12,679				12,175			6.3			17.1
Other interest earning assets		7,953				6,601				6,726				8,124				7,654			20.5			3.9
Total interest income		259,477				241,717				233,864				239,655				231,428			7.3			12.1
Interest expense
Deposits		124,850				114,776				112,847				114,879				114,266			8.8			9.3
Borrowings		1,618				1,603				1,617				1,656				1,677			0.9			(3.5	)
Total interest expense		126,468				116,379				114,464				116,535				115,943			8.7			9.1
Net interest income		133,009				125,338				119,400				123,120				115,485			6.1			15.2
Provision for credit losses		54,700				25,800				20,100				21,845				22,242			112.0			145.9
Net interest income after provision for credit losses		78,309				99,538				99,300				101,275				93,243			(21.3	)		(16.0	)
Noninterest income
Loan servicing revenue		9,710				9,194				9,094				9,227				8,812			5.6			10.2
Loan servicing asset revaluation		(2,605	)			(4,278	)			(3,487	)			(3,932	)			(4,360	)		39.1			40.3
Net gains on sales of loans		20,893				17,554				15,425				12,313				17,099			19.0			22.2
Net (loss) gain on loans accounted for under the fair value option		(66	)			291				(1,165	)			1,518				(350	)		(122.7	)		81.1
Equity method investments income (loss)		553				74				(817	)			23,812				(1,470	)		647.3			137.6
Equity security investments (losses) gains, net		(2,573	)			—				—				4,691				18			(100.0	)		(14,394.4	)
Lease income		2,088				2,238				2,135				2,196				2,179			(6.7	)		(4.2	)
Other noninterest income		14,637				5,734				4,889				(38	)			4,917			155.3			197.7
Total noninterest income		42,637				30,807				26,074				49,787				26,845			38.4			58.8
Noninterest expense
Salaries and employee benefits		46,918				48,776				49,354				47,988				49,910			(3.8	)		(6.0	)
Travel expense		1,756				1,933				1,463				1,715				1,618			(9.2	)		8.5
Professional services expense		2,924				2,938				2,516				2,855				1,999			(0.5	)		46.3
Advertising and marketing expense		2,314				2,734				3,051				2,298				1,839			(15.4	)		25.8
Occupancy expense		2,384				2,364				2,410				2,317				2,339			0.8			1.9
Technology expense		10,263				9,608				9,749				13,397				10,234			6.8			0.3
Equipment expense		3,595				3,662				3,693				3,677				3,320			(1.8	)		8.3
Other loan origination and maintenance expense		5,101				4,864				5,919				4,917				4,777			4.9			6.8
Renewable energy tax credit investment impairment		310				26				—				129				336			1,092.3			(7.7	)
FDIC insurance		4,197				4,788				4,401				3,933				3,643			(12.3	)		15.2
Other expense		5,958				2,832				2,737				5,927				3,501			110.4			70.2
Total noninterest expense		85,720				84,525				85,293				89,153				83,516			1.4			2.6
Income before taxes		35,226				45,820				40,081				61,909				36,572			(23.1	)		(3.7	)
Income tax expense		8,961				9,116				10,134				15,787				10,106			(1.7	)		(11.3	)
Net income		26,265				36,704				29,947				46,122				26,466			(28.4	)		(0.8	)
Net loss attributable to non-controlling interest		88				91				93				88				50			(3.3	)		76.0
Net income attributable to Live Oak Bancshares, Inc.		26,353				36,795				30,040				46,210				26,516			(28.4	)		(0.6	)
Preferred stock dividends		2,093				2,094				2,094				2,094				954			—			119.4
Net income attributable to common shareholders	$	24,260			$	34,701			$	27,946			$	44,116			$	25,562			(30.1	)		(5.1	)
Earnings per common share
Basic	$	0.52			$	0.75			$	0.61			$	0.96			$	0.56			(30.7	)		(7.1	)
Diluted	$	0.52			$	0.74			$	0.60			$	0.95			$	0.55			(29.7	)		(5.5	)
Weighted average shares outstanding
Basic		46,325,262				46,265,757				46,138,609				45,906,268				45,780,794
Diluted		46,869,123				46,594,482				46,509,040				46,298,408				46,216,958

Live Oak Bancshares, Inc.
Quarterly Balance Sheets (unaudited)
(Dollars in thousands)

	As of the quarter ended																				3Q 2026 Change vs.
	3Q 2026				2Q 2026				1Q 2026				4Q 2025				3Q 2025				2Q 2026			3Q 2025
Assets																					%			%
Cash and due from banks	$	1,099,902			$	927,630			$	816,135			$	864,904			$	892,445			18.6			23.2
Certificates of deposit with other banks		250				250				250				250				250			—			—
Investment securities available-for-sale		1,500,709				1,467,855				1,434,538				1,427,401				1,373,219			2.2			9.3
Loans held for sale		496,807				511,812				435,313				420,055				360,693			(2.9	)		37.7
Loans and leases held for investment (1)		13,373,047				12,630,859				12,158,216				11,973,622				11,554,818			5.9			15.7
Allowance for credit losses on loans and leases		(213,630	)			(193,417	)			(193,279	)			(192,264	)			(185,700	)		(10.5	)		(15.0	)
Net loans and leases		13,159,417				12,437,442				11,964,937				11,781,358				11,369,118			5.8			15.7
Premises and equipment, net		220,894				231,198				235,329				240,203				241,140			(4.5	)		(8.4	)
Foreclosed assets		8,484				11,017				12,005				8,208				11,024			(23.0	)		(23.0	)
Servicing assets		71,215				66,733				64,677				63,155				62,491			6.7			14.0
Other assets		407,897				384,204				336,849				329,244				355,522			6.2			14.7
Total assets	$	16,965,575			$	16,038,141			$	15,300,033			$	15,134,778			$	14,665,902			5.8			15.7
Liabilities and shareholders’ equity
Liabilities
Deposits:
Noninterest-bearing	$	638,332			$	605,237			$	510,917			$	515,051			$	494,019			5.5			29.2
Interest-bearing		14,829,843				13,942,289				13,324,141				13,173,608				12,796,704			6.4			15.9
Total deposits		15,468,175				14,547,526				13,835,058				13,688,659				13,290,723			6.3			16.4
Borrowings		99,793				99,766				99,746				102,404				105,045			—			(5.0	)
Other liabilities		85,373				73,931				83,468				89,609				67,585			15.5			26.3
Total liabilities		15,653,341				14,721,223				14,018,272				13,880,672				13,463,353			6.3			16.3
Shareholders’ equity
Preferred stock		96,266				96,266				96,266				96,266				96,266			—			—
Class A common stock (voting)		404,119				399,396				392,258				388,389				383,288			1.2			5.4
Retained earnings		892,626				869,757				836,444				809,885				770,820			2.6			15.8
Accumulated other comprehensive loss		(84,743	)			(52,555	)			(47,352	)			(44,672	)			(52,151	)		(61.2	)		(62.5	)
Total shareholders’ equity attributed to Live Oak Bancshares, Inc.		1,308,268				1,312,864				1,277,616				1,249,868				1,198,223			(0.4	)		9.2
Non-controlling interest		3,966				4,054				4,145				4,238				4,326			(2.2	)		(8.3	)
Total shareholders’ equity		1,312,234				1,316,918				1,281,761				1,254,106				1,202,549			(0.4	)		9.1
Total liabilities and shareholders’ equity	$	16,965,575			$	16,038,141			$	15,300,033			$	15,134,778			$	14,665,902			5.8			15.7

(1)    Includes $216.6 million, $232.1 million, $244.9 million, $260.6 million and $280.3 million loans measured at fair value for the quarters ended September 30, 2026, June 30, 2026, March 31, 2026, December 31, 2025, and September 30, 2025, respectively.

Live Oak Bancshares, Inc.
Statements of Income (unaudited)
(Dollars in thousands, except per share data)

	Nine Months Ended
	September 30, 2026				September 30, 2025
Interest income
Loans and fees on loans	$	673,104			$	611,728
Investment securities, taxable		40,674				34,912
Other interest earning assets		21,280				22,177
Total interest income		735,058				668,817
Interest expense
Deposits		352,473				338,534
Borrowings		4,838				5,045
Total interest expense		357,311				343,579
Net interest income		377,747				325,328
Provision for credit losses		100,600				74,458
Net interest income after provision for credit losses		277,147				250,780
Noninterest income
Loan servicing revenue		27,998				25,675
Loan servicing asset revaluation		(10,370	)			(12,145	)
Net gains on sales of loans		53,872				50,107
Net loss on loans accounted for under the fair value option		(940	)			(302	)
Equity method investments (loss) income		(190	)			(6,425	)
Equity security investments gain (losses), net		(2,573	)			1,042
Lease income		6,461				7,855
Other noninterest income		25,260				13,864
Total noninterest income		99,518				79,671
Noninterest expense
Salaries and employee benefits		145,048				141,447
Travel expense		5,152				5,316
Professional services expense		8,378				7,897
Advertising and marketing expense		8,099				9,924
Occupancy expense		7,158				7,445
Technology expense		29,620				29,551
Equipment expense		10,950				10,750
Other loan origination and maintenance expense		15,884				13,552
Renewable energy tax credit investment impairment		336				606
FDIC insurance		13,386				10,739
Other expense		11,527				12,318
Total noninterest expense		255,538				249,545
Income before taxes		121,127				80,906
Income tax expense		28,211				21,385
Net income		92,916				59,521
Net loss attributable to non-controlling interest		272				140
Net income attributable to Live Oak Bancshares, Inc.		93,188				59,661
Preferred stock dividends		6,281				954
Net income attributable to common shareholders	$	86,907			$	58,707
Earnings per common share
Basic	$	1.88			$	1.29
Diluted	$	1.86			$	1.28
Weighted average shares outstanding
Basic		46,243,893				45,632,313
Diluted		46,658,232				45,956,835

Live Oak Bancshares, Inc.
Quarterly Selected Financial Data
(Dollars in thousands, except per share data)

	As of and for the three months ended
	3Q 2026				2Q 2026				1Q 2026				4Q 2025				3Q 2025
Income Statement Data
Net income attributable to common shareholders	$	24,260			$	34,701			$	27,946			$	44,116			$	25,562
Per Common Share
Net income, diluted	$	0.52			$	0.74			$	0.60			$	0.95			$	0.55
Dividends declared – common		0.03				0.03				0.03				0.03				0.03
Book value per common share		26.13				26.29				25.55				25.06				24.03
Tangible book value per common share (1)		26.05				26.20				25.46				24.97				23.96
Performance Ratios
Return on average assets (annualized)		0.59	%			0.90	%			0.74	%			1.19	%			0.72	%
Return on average common equity (annualized)		7.70				11.36				9.39				15.25				9.32
Net interest margin		3.30				3.33				3.27				3.38				3.33
Efficiency ratio (1)		48.80				54.13				58.63				51.56				58.68
Noninterest income to total revenue		24.27				19.73				17.92				28.79				18.86
Selected Loan Metrics
Loans and leases originated	$	2,133,637			$	1,548,432			$	1,368,311			$	1,638,113			$	1,648,711
Outstanding balance of sold loans serviced		6,338,443				5,991,590				5,943,787				5,599,724				5,563,363
Asset Quality Ratios
Allowance for credit losses to loans and leases held for investment (3)		1.62	%			1.56	%			1.62	%			1.64	%			1.65	%
Net charge-offs (3)	$	32,087			$	24,162			$	18,585			$	13,739			$	16,816
Net charge-offs to average loans and leases held for investment (2) (3)		1.00	%			0.80	%			0.63	%			0.48	%			0.61	%
Nonperforming loans and leases at historical cost (3)
Unguaranteed	$	138,422			$	124,336			$	116,791			$	101,371			$	76,887
Guaranteed		370,267				346,419				327,409				399,786				379,381
Total		508,689				470,755				444,200				501,157				456,268
Unguaranteed nonperforming historical cost loans and leases, to loans and leases held for investment (3)		1.05	%			1.00	%			0.98	%			0.87	%			0.68	%
Nonperforming loans at fair value (4)
Unguaranteed	$	11,607			$	6,623			$	6,884			$	7,715			$	6,775
Guaranteed		46,300				52,695				54,679				53,887				54,887
Total		57,907				59,318				61,563				61,602				61,662
Unguaranteed nonperforming fair value loans to fair value loans held for investment (4)		5.36	%			2.85	%			2.81	%			2.96	%			2.42	%
Capital Ratios
Common equity tier 1 capital (to risk-weighted assets)		9.94	%			10.42	%			10.63	%			10.53	%			10.51	%
Tier 1 leverage capital (to average assets)		8.23				8.59				8.47				8.48				8.57

Notes to Quarterly Selected Financial Data
(1)    See accompanying GAAP to Non-GAAP Reconciliation.
(2)    Quarterly net charge-offs as a percentage of quarterly average loans and leases held for investment, annualized.
(3)    Loans and leases at historical cost only (excludes loans measured at fair value).
(4)    Loans accounted for under the fair value option only (excludes loans and leases carried at historical cost).

Live Oak Bancshares, Inc.
Quarterly Average Balances and Net Interest Margin
(Dollars in thousands)

	Three Months Ended September 30, 2026										Three Months Ended June 30, 2026										Three Months Ended September  30, 2025
	Average Balance				Interest			Average Yield/ Rate			Average Balance				Interest			Average Yield/ Rate			Average Balance				Interest			Average Yield/ Rate
Interest-earning assets:
Interest-earning balances in other banks	$	818,936			$	7,953		3.85	%		$	710,110			$	6,601		3.73	%		$	701,059			$	7,654		4.33	%
Investment securities		1,577,763				14,254		3.58				1,519,670				13,411		3.54				1,418,810				12,175		3.40
Loans held for sale		571,358				11,460		7.96				527,857				10,441		7.93				396,084				8,103		8.12
Loans and leases held for investment (1)		13,022,914				225,810		6.88				12,322,003				211,264		6.88				11,249,234				203,496		7.18
Total interest-earning assets		15,990,971				259,477		6.44				15,079,640				241,717		6.43				13,765,187				231,428		6.67
Less: Allowance for credit losses on loans and leases		(192,700	)									(193,304	)									(182,001	)
Noninterest-earning assets		586,176										537,352										530,529
Total assets	$	16,384,447									$	15,423,688									$	14,113,715
Interest-bearing liabilities:
Savings	$	7,661,348			$	64,020		3.32	%		$	7,170,652			$	58,289		3.26	%		$	6,608,380			$	58,657		3.52	%
Certificates of deposit		5,856,418				55,322		3.75				5,637,001				51,968		3.70				5,272,818				51,443		3.87
Other interest-bearing deposits		747,469				5,508		2.92				629,105				4,519		2.88				498,455				4,166		3.32
Total deposits		14,265,235				124,850		3.47				13,436,758				114,776		3.43				12,379,653				114,266		3.66
Borrowings		99,761				1,618		6.43				99,743				1,603		6.45				106,744				1,677		6.23
Total interest-bearing liabilities		14,364,996				126,468		3.49				13,536,501				116,379		3.45				12,486,397				115,943		3.68
Noninterest-bearing deposits		594,809										536,054										401,916
Noninterest-bearing liabilities		64,497										29,222										63,133
Shareholders’ equity		1,356,092										1,317,767										1,157,893
Non-controlling interest		4,053										4,144										4,376
Total liabilities and shareholders’ equity	$	16,384,447									$	15,423,688									$	14,113,715
Net interest income and interest rate spread					$	133,009		2.95	%						$	125,338		2.98	%						$	115,485		2.99	%
Net interest margin								3.30										3.33										3.33
Ratio of average interest-earning assets to average interest-bearing liabilities								111.32	%									111.40	%									110.24	%

(1)    Average loan and lease balances include non-accruing loans and leases.

Live Oak Bancshares, Inc.
GAAP to Non-GAAP Reconciliation
(Dollars in thousands)

	As of and for the three months ended
	3Q 2026				2Q 2026				1Q 2026				4Q 2025				3Q 2025
Total shareholders’ equity	$	1,312,234			$	1,316,918			$	1,281,761			$	1,254,106			$	1,202,549
Less:
Preferred stock		96,266				96,266				96,266				96,266				96,266
Non-controlling interest		3,966				4,054				4,145				4,238				4,326
Total common shareholders’ equity	$	1,212,002			$	1,216,598			$	1,181,350			$	1,153,602			$	1,101,957
Less:
Goodwill		1,797				1,797				1,797				1,797				1,797
Other intangible assets		1,937				2,013				2,089				2,165				1,453
Tangible common shareholders’ equity (a)	$	1,208,268			$	1,212,788			$	1,177,464			$	1,149,640			$	1,098,707
Shares outstanding (c)		46,377,874				46,283,620				46,240,691				46,032,402				45,855,739
Total assets	$	16,965,575			$	16,038,141			$	15,300,033			$	15,134,778			$	14,665,902
Less:
Goodwill		1,797				1,797				1,797				1,797				1,797
Other intangible assets		1,937				2,013				2,089				2,165				1,453
Tangible assets (b)	$	16,961,841			$	16,034,331			$	15,296,147			$	15,130,816			$	14,662,652
Tangible common shareholders’ equity to tangible assets (a/b)		7.12	%			7.56	%			7.70	%			7.60	%			7.49	%
Tangible book value per common share (a/c)	$	26.05			$	26.20			$	25.46			$	24.97			$	23.96
Efficiency ratio:
Noninterest expense (d)	$	85,720			$	84,525			$	85,293			$	89,153			$	83,516
Net interest income		133,009				125,338				119,400				123,120				115,485
Noninterest income		42,637				30,807				26,074				49,787				26,845
Total revenue (e)	$	175,646			$	156,145			$	145,474			$	172,907			$	142,330
Efficiency ratio (d/e)		48.80	%			54.13	%			58.63	%			51.56	%			58.68	%
Pre-provision net revenue (e-d)	$	89,926			$	71,620			$	60,181			$	83,754			$	58,814

This press release presents non-GAAP financial measures. The adjustments to reconcile from the non-GAAP financial measures to the applicable GAAP financial measure are included where applicable in financial results presented in accordance with GAAP. The Company considers these adjustments to be relevant to ongoing operating results. The Company believes that excluding the amounts associated with these adjustments to present the non-GAAP financial measures provides a meaningful base for period-to-period comparisons, which will assist regulators, investors, and analysts in analyzing the operating results or financial position of the Company. The non-GAAP financial measures are used by management to assess the performance of the Company’s business for presentations of Company performance to investors, and for other reasons as may be requested by investors and analysts. The Company further believes that presenting the non-GAAP financial measures will permit investors and analysts to assess the performance of the Company on the same basis as that applied by management. Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied, and are not audited. Although non-GAAP financial measures are frequently used by shareholders to evaluate a company, they have limitations as an analytical tool and should not be considered in isolation or as a substitute for analysis of results reported under GAAP.

VERO BEACH, Florida, Oct. 21, 2026 (GLOBE NEWSWIRE) — ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR PRC) (“ARMOUR” or the “Company”) today announced the Company’s unaudited Q3 results and September 30, 2026 financial position.

Q3 2026 Results

• GAAP net loss related to common stockholders of $(327.0) million or $(2.26) per common share.
• Reported book value per common share of $14.55 and declared common stock dividends of $0.24 per share per month, or $0.72 per share for Q3, resulting in a total economic return of (12.9)%, which is change in book value for the period plus common dividends paid for the quarter.
• Net interest income of $83.7 million.
• Distributable Earnings available to common stockholders of $102.3 million, which represents $0.71 per common share (see explanation of this non-GAAP measure on page 5).
• Average interest income on interest earning assets of 4.99% and interest cost on average interest bearing liabilities of 3.89%.
• Economic interest income was 4.90% less economic interest expense of 3.07% for an economic net interest spread of 1.83% (see explanation of this non-GAAP measure on page 7).
• Raised $205.7 million of capital by issuing 12,366,481 shares of common stock through an at the market offering program.
• Repurchased 363,700 shares of common stock under the Company’s common stock repurchase authorization.
• Raised $2.5 million of capital by issuing 123,374 shares of preferred stock through an at the market offering program.

September 30, 2026 Financial Position

• Liquidity, including cash and unencumbered securities, of $1.0 billion.
• Portfolio totaled $21.3 billion, comprised of 94.0% Agency mortgage-backed securities (“MBS”) and 2.2% U.S. Treasury Securities and 3.8% of To Be Announced (“TBA”) Agency Securities.
• Repurchase agreements, net totaled $19.4 billion; 49.8% were with ARMOUR affiliate BUCKLER Securities LLC.
• Debt to equity ratio of 8.24:1 (based on repurchase agreements divided by total stockholders’ equity). Implied leverage, including TBA Agency Securities and forward settling sales and unsettled purchases was 8.41:1.
• Average debt to equity ratio for the three and nine months ending September 30, 2026 was 7.58:1 and 7.76:1. Average implied leverage, including TBA Agency Securities and forward settling sales and unsettled purchases, for the three and nine months ended September 30, 2026 was 7.94:1 and 8.06:1.
• Interest Rate swap contracts totaled $17.0 billion of notional amount.

Management’s Remarks

“Mortgage spreads widened late in the third quarter as interest rates rose and markets reacted to a more hawkish Federal Reserve. Despite this volatility, we remain constructive on the MBS market and believe the outlook remains favorable,” said Scott Ulm, the Company’s Chief Executive Officer. “Our approach remains consistent: we stress-test liquidity, employ systematic hedging strategies, and deploy capital opportunistically. Our portfolio is designed to attenuate downside risks and capitalize on attractive investment opportunities. We believe this disciplined strategy enables ARMOUR to navigate changing market conditions, support sustainable dividends, and protect long-term shareholder value.“

Company Update, October 19, 2026

• Common stock outstanding of 148,415,420 shares.
• Liquidity, including cash and unencumbered securities, exceeded $897.0 million, this excludes MBS principal and interest receivable due in October 2026 which totaled $253.2 million.
• Securities portfolio included approximately $20.8 billion of Agency MBS (including TBA Agency Securities) and U.S. Treasury Securities.
• Debt to equity ratio (based on repurchase agreements divided by total stockholders’ equity) was 7.99 to 1; Implied leverage, including TBA Agency Securities and forward settling sales and unsettled purchases was 8.21 to 1.

Book value per common share consisted of:
		September 30, 2026				December 31, 2025
		(in millions except per share)
Stockholders’ Equity
Common stock, at par value – 148,415,420 and 111,915,020 shares outstanding, respectively		$	0.1			$	0.1
Additional paid-in capital			6,094.1				5,446.2
Cumulative distributions to stockholders			(2,961.6	)			(2,667.1	)
Accumulated net loss			(781.9	)			(518.2	)
Total Stockholders’ Equity		$	2,350.7			$	2,261.0
Less: liquidation preference – 7.00% Cumulative Redeemable Preferred C Stock – 7,675,968 and 7,047,832 shares outstanding			(191.9	)			(176.2	)
Equity Attributable to Common Stockholders		$	2,158.8			$	2,084.8
Book value per common share		$	14.55			$	18.63

The major drivers of the change in the Company’s financial position were:
		Q3 2026				Q2 2026
		(in millions)
Total Stockholders’ Equity – Beginning		$	2,579.1			$	2,337.0
Income
Investment in securities:
Loss on MBS		$	(1,165.1	)		$	(42.6	)
Loss on U.S. Treasury Securities			(18.2	)			(10.4	)
Gain (Loss) on TBA Agency Securities			(34.4	)			1.9
Gain on interest rate swaps			515.1				110.8
Gain (Loss) on futures contracts			311.7				(4.5	)
Net Interest Income			83.7				76.8
Total Expenses			(16.5	)			(17.2	)
Net Income (Loss)		$	(323.7	)		$	114.8
Preferred stock dividends			(3.3	)			(3.3	)
Common stock dividends			(105.4	)			(93.1	)
Capital Activities
Issuance of Preferred stock			2.5				4.1
Issuance of common stock			206.7				219.6
Common shares repurchased			(5.2	)			—
Total Stockholders’ Equity – Ending		$	2,350.7			$	2,579.1

Condensed Balance Sheet (unaudited)
		September 30, 2026				December 31, 2025
		(in millions)
Assets
Cash and cash equivalents		$	99.7			$	63.3
Cash collateral posted to counterparties			34.2				226.7
Agency Securities, at fair value			19,991.9				19,417.6
U.S. Treasury Securities, at fair value			474.0				598.1
Receivable for unsettled sales			411.8				—
Derivatives, at fair value			1,360.2				611.5
Accrued interest receivable			93.2				86.2
Prepaid and other			2.9				1.7
Total Assets		$	22,467.9			$	21,005.1
Liabilities
Repurchase agreements, net		$	19,379.1			$	17,941.8
Cash collateral posted by counterparties			649.5				419.4
Payable for unsettled purchases			—				302.1
Derivatives, at fair value			24.4				19.3
Accrued interest payable- repurchase agreements			58.3				59.3
Accounts payable and other accrued expenses			5.9				2.2
Total Liabilities		$	20,117.2			$	18,744.1
Stockholders’ Equity
7.00% Cumulative Redeemable Preferred C Stock ($0.001 par value per share, $25.00 per share liquidation preference)		$	—			$	—
Common stock ($0.001 par value per share)			0.1				0.1
Additional paid-in capital			6,094.1				5,446.2
Cumulative distributions to stockholders			(2,961.6	)			(2,667.1	)
Accumulated net loss			(781.9	)			(518.2	)
Total Stockholders’ Equity			2,350.7				2,261.0
Total Liabilities and Stockholders’ Equity		$	22,467.9			$	21,005.1

Non-GAAP Financial Measures

Distributable Earnings

Distributable Earnings is a non-GAAP measure defined as net interest income plus TBA Drop Income adjusted for the net coupon effect of interest rate swaps and futures contracts minus net operating expenses. Distributable Earnings is based on the historical cost basis of our Agency Securities, interest rate swaps and futures contracts. Distributable Earnings differs, potentially significantly, from net interest income and from net income (loss) (which includes realized gains and losses and market value adjustments).

For a portion of its Agency Securities the Company may enter into TBA forward contracts for the purchase or sale of Agency Securities at a predetermined price, face amount, issuer, coupon and stated maturity on an agreed-upon future date, but the particular Agency Securities to be delivered are not identified until shortly before the TBA settlement date. The Company accounts for TBA Agency Securities as derivative instruments if it is reasonably possible that it will not take or make physical delivery of the Agency Securities upon settlement of the contract. The Company may choose, prior to settlement, to move the settlement of these securities out to a later date by entering into an offsetting short or long position (referred to as a “pair off”), net settling the paired off positions for cash, and simultaneously purchasing or selling a similar TBA Agency Security for a later settlement date. This transaction is commonly referred to as a “dollar roll.” The Company accounts for TBA dollar roll transactions as a series of derivative transactions.

Forward settling TBA contracts typically trade at a discount, or “Drop,” to the regular settled TBA contract to reflect the expected interest income on the underlying deliverable Agency Securities, net of an implied financing cost, which would have been earned by the buyer if the contract settled on the next regular settlement date. When the Company enters into TBA contracts to buy Agency Securities for forward settlement, it earns this “TBA Drop Income,” because the TBA contract is essentially equivalent to a leveraged investment in the underlying Agency Securities. The amount of TBA Drop Income is calculated as the difference between the spot price of similar TBA contracts for regular settlement and the forward settlement price on the trade date. The Company generally accounts for TBA contracts as derivatives and TBA Drop Income is included as part of the periodic changes in fair value of the TBA contracts that the Company recognizes currently in the Other Income (Loss) section of its Consolidated Statement of Operations.

Distributable Earnings and Distributable Earnings per common share
The Company believes that Distributable Earnings and Distributable Earnings per common share may be useful to investors because our Board of Directors may consider Distributable Earnings and Distributable Earnings per common share as part of its deliberations when determining the level of dividends on our common stock. Distributable Earnings and Distributable Earnings per common share tend to be more stable over time and this practice is designed to increase the stability of our common stock dividend from month to month. However, because Distributable Earnings is an incomplete measure of the Company’s financial performance and involves significant differences from net interest income and net income (loss) computed in accordance with GAAP, Distributable Earnings should be considered as supplementary to, and not as a substitute for, the Company’s net interest income and net income (loss) computed in accordance with GAAP as a measure of certain aspects of the Company’s financial performance.

The below table shows the reconciliation of the elements of Distributable Earnings and Distributable Earnings per common share to the Company’s Net Interest Income, Net Income and Net Income per common share.

		Q3 2026				Q2 2026
		($ in millions except, share and per share)
Net Interest Income		$	83.7			$	76.8
TBA Drop and interest margin income			3.4				1.2
Net interest income on interest rate swaps			31.8				33.3
Net interest income on futures contracts			3.2				2.4
Total Expenses			(16.5	)			(17.2	)
Distributable Earnings		$	105.6			$	96.5
Dividends on Preferred Stock			(3.3	)			(3.3	)
Distributable Earnings available to common stockholders		$	102.3			$	93.2
Distributable Earnings per common share		$	0.71			$	0.72
Net Income (Loss)		$	(323.7	)		$	114.8
Items Excluded from Distributable Earnings:
Loss on MBS			1,165.1				42.6
Loss on U.S. Treasury Securities			18.2				10.4
(Gain) Loss on TBA Agency Securities, less TBA Drop Income			37.8				(0.7	)
Gain on interest rate swaps			(483.3	)			(77.5	)
(Gain) Loss on futures contracts			(308.5	)			6.9
Total items excluded		$	429.3			$	(18.3	)
Distributable Earnings		$	105.6			$	96.5
Dividends on Preferred Stock			(3.3	)			(3.3	)
Distributable Earnings available to common stockholders		$	102.3			$	93.2
Distributable Earnings per common share		$	0.71			$	0.72
Net Income (Loss)		$	(323.7	)		$	114.8
Dividends on Preferred Stock			(3.3	)			(3.3	)
Net Income (Loss) available (related) to common stockholders		$	(327.0	)		$	111.5
Net Income (Loss) per common share		$	(2.26	)		$	0.86
Weighted average common shares outstanding			144,563,620				130,018,574

Economic Interest Income, Economic Interest Expense, Economic Net Interest Income/Net Interest Spread and Economic Net Yield on Interest Earning Assets

The Company believes that these non-GAAP measures, which include the effects of TBA drop income and net interest income (expense) on interest rate swaps and futures contracts, may be useful to investors because they reflect items that we consider in the management of the Company’s investment portfolio and related funding. The Company believes that the inclusion in economic net interest income of interest rate swaps and futures contracts, which are recognized under GAAP in gain/loss on derivative instruments, is meaningful as interest rate swaps are the primary instrument the Company uses to economically hedge against fluctuations in the Company’s borrowing costs and their inclusion is more indicative of the Company’s total cost of funds than interest expense alone. It does not include all interest earning assets and interest bearing liabilities, such as cash collateral posted by counterparties. Accordingly, it is not a substitute for net interest income or net income (loss) determined in accordance with GAAP and should be considered as supplementary to such GAAP measures as a measure of certain aspects of the Company’s financial performance.

		Q3 2026											Q2 2026
		(in millions)											(in millions)
		Income (Expense)				Average Balance			Average Rate				Income (Expense)				Average Balance			Average Rate
Interest Bearing Assets:
Agency Securities, Net of Amortization		$	268.2			$	21,346.5		5.03	%			$	254.4			$	20,477.7		4.97	%
Cash Equivalents & Treasury Securities			6.1				660.9		3.67	%				9.5				941.9		4.03	%
Total Interest Income/Average Interest Earning Assets			274.3				22,007.4		4.99	%				263.9				21,419.6		4.93	%
TBA drop income (loss)/Implied Average TBA Agency Securities			3.5				691.2		2.01	%				1.2				395.6		1.20	%
Economic interest income		$	277.8			$	22,698.6		4.90	%			$	265.1			$	21,815.2		4.86	%
Interest Bearing Liabilities:
Repurchase Agreements		$	(190.6	)		$	19,598.4		(3.89	)%			$	(187.1	)		$	19,558.9		(3.83	)%
Total Interest Expense/Average Interest Bearing Liabilities			(190.6	)			19,598.4		(3.89	)%				(187.1	)			19,558.9		(3.83	)%
Implied Average TBA Funding Positions			—				694.7		—	%				—				392.0		—	%
Net interest income (expense) on interest rate swaps			31.8				—		0.65	%				33.3				—		0.68	%
Net interest income (expense) on futures contracts			3.2				—		0.06	%				2.4				—		0.05	%
Economic interest expense		$	(155.6	)		$	20,293.1		(3.07	)%			$	(151.4	)		$	19,950.9		(3.04	)%
Economic net interest income/net interest spread		$	122.2						1.83	%			$	113.7						1.82	%
Economic net yield on interest earning assets									2.15	%										2.08	%

Conference Call

As previously announced, the Company will provide an online, real-time webcast of its conference call with equity analysts covering Q3 2026 operating results on Thursday, October 22, 2026, at 8:00 a.m. (Eastern Time). The live broadcast will be available online and can be accessed at https://event.choruscall.com/mediaframe/webcast.html?webcastid=aRqGLlv9. To monitor the live webcast, please visit the website at least 15 minutes prior to the start of the call to register, download, and install any necessary audio software. An online replay of the event will be available on the Company’s website at www.armourreit.com and continue for one year.

Dividends

ARMOUR paid monthly cash dividends of $0.24 per share of the Company’s common stock for each month in Q3 2026. On October 29, 2026, a cash dividend of $0.24 per outstanding common share will be paid to holders of record on October 15, 2026. We have also declared a cash dividend of $0.24 per outstanding common share payable November 27, 2026 to holders of record on November 16, 2026. ARMOUR’s Board of Directors will determine future common dividend rates based on an evaluation of the Company’s results, financial position, real estate investment trust (“REIT”) tax requirements, and overall market conditions as the quarter progresses. In order to maintain ARMOUR’s tax status as a REIT, the Company is required to timely distribute substantially all of its ordinary REIT taxable income for the tax year.

ARMOUR paid monthly cash dividends of $0.14583 per share of the Company’s Series C Preferred Stock for each month in Q3 2026. On October 27, 2026, a cash dividend of $0.14583 per outstanding share of Series C Preferred Stock will be paid to holders of record on October 15, 2026. We have also declared cash dividends of $0.14583 per outstanding share of Series C Preferred Stock payable November 27, 2026 and December 28, 2026, to holders of record on November 15, 2026 and December 15, 2026, respectively.

ARMOUR Residential REIT, Inc.

ARMOUR invests primarily in fixed rate residential, adjustable rate and hybrid adjustable rate residential mortgage-backed securities issued or guaranteed by U.S. Government-sponsored enterprises or guaranteed by the Government National Mortgage Association. ARMOUR is externally managed and advised by ARMOUR Capital Management LP, an investment advisor registered with the Securities and Exchange Commission (“SEC”).

Safe Harbor

This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these and other risk factors are contained in the Company’s most recent filings with the SEC. All subsequent written and oral forward-looking statements concerning the Company are expressly qualified in their entirety by the cautionary statements above. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

Additional Information

Investors, security holders and other interested persons may find ARMOUR’s most recent Company Update and additional information regarding the Company at the SEC’s internet site at www.sec.gov, or the Company website at www.armourreit.com or by directing requests to: ARMOUR Residential REIT, Inc., 3001 Ocean Drive, Suite 201, Vero Beach, Florida 32963, Attention: Investor Relations.

Contact

Gordon M. Harper, Chief Financial Officer, ARR, (772) 617-4340, investor@armourreit.com

MITCHEL FIELD, N.Y., Oct. 21, 2026 (GLOBE NEWSWIRE) — Today, Frequency Electronics, Inc. (Nasdaq: FEIM) (“FEI” or the “Company”) announced the election of Allen Kaplan as its new Chief Financial Officer (CFO), effective November 1, 2026. As CFO, Mr. Kaplan will join the Company’s senior executive leadership team and will report directly to President and Chief Executive Officer (CEO) Tom McClelland.

Mr. Kaplan joins FEI following a distinguished career at Leidos Defense Sector, where, as Vice President of Finance and Business Operations, he most recently led financial strategy, pricing, capital investment and program financial performance for a large portfolio of defense programs. These manufacturing programs spanned the full life cycle from prototype through full-rate production. He succeeds Steven L. Bernstein, who will retire effective November 1, 2026.

“I am pleased to welcome Allen to FEI in this very important role – he brings over 21 years of experience leading financial and accounting teams in our industry, and we are excited to work with him as our CFO,” said Tom McClelland, President and CEO, Frequency Electronics, Inc. “I also want to thank Steven L. Bernstein for his dedicated service to the Company over the last 16 years and wish him all the best in his well-deserved retirement.”

Mr. Kaplan’s tenure at Leidos included serving as Business Operations Director beginning in 2022 and, prior to that, roles of increasing responsibility in finance and business operations beginning in 2016. Previously, he was employed by Lockheed Martin Corporation from 2005 to 2016, where he served in various roles of increasing responsibility.

Mr. Kaplan earned a Bachelor’s degree in Supply Chain Management from Pennsylvania State University and a Master of Business Administration from Villanova University.

As part of this management transition announcement, the Company is also reaffirming its previously provided three-year financial targets of:

• Minimum revenue of $150 million by the fiscal year ended April 30, 2029;
• Minimum gross margin of 50% by the fiscal year ended April 30, 2029; and
• Minimum operating margin of 30% by the fiscal year ended April 30, 2029.

About Frequency Electronics

Frequency Electronics, Inc. (FEI) is a world leader in precision time and frequency generation technology, which is incorporated into commercial and U.S. Government satellites, Command, Control, Communication, Computer, Intelligence, Surveillance and Reconnaissance (“C4ISR”), and Electronic Warfare (“EW”) systems. Its technology is used for a wide range of space and non-space applications. FEI has received over 100 awards of excellence for achievements in providing high performance electronic assemblies for over 150 space and Department of War programs. The Company invests significant resources in research and development to expand its capabilities and markets.

Forward-Looking Statements

The statements in this press release regarding future earnings and operations, including statements regarding our three-year gross margin target, our three-year operating margin target, our three-year revenue target and similar targets or objectives, and other statements relating to the future constitute “forward-looking” statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the risks associated with reliance on key customers, including the U.S. government, the Company’s use of estimates when accounting for contracts, actions by significant customers or competitors, competitive factors, new products and technological changes, continued acceptance of the Company’s products in the marketplace, dependence upon third-party vendors, product prices and raw material costs, the Company’s ability to attract and retain key employees, general domestic and international economic conditions, health epidemics and pandemics, external disruptions to the Company’s facilities or supply chain, the Company’s operations in a highly regulated industry, the outcome of any litigation and arbitration proceedings, cybersecurity attacks, noncompliance with any of the covenants in the credit agreement, volatility in the Company’s stock price, including due to the relatively low trading volume of its common stock, and failure to maintain an effective system of internal controls over financial reporting. The factors listed above are not exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in our filings with the Securities and Exchange Commission. The Company’s Annual Report on Form 10-K for the fiscal year ended April 30, 2026, filed on July 17, 2026 with the Securities and Exchange Commission includes additional factors that could materially and adversely impact the Company’s business, financial condition and results of operations, as such factors are updated from time to time in our periodic filings with the Securities and Exchange Commission, which are accessible on the Securities and Exchange Commission’s website at www.sec.gov. Moreover, the Company operates in a very competitive and rapidly changing environment. New factors emerge from time to time and it is not possible for management to predict the impact of all these factors on the Company’s business, financial condition or results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, investors should not rely on forward-looking statements as a prediction of actual results. Any or all of the forward-looking statements contained in this press release and any other public statement made by the Company or its management may turn out to be incorrect. The Company expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact information:         
Dr. Thomas McClelland, President and Chief Executive Officer
TELEPHONE: (516) 794-4500 EXT.5000                                                 

Partners with Muehlbauer Group for Production Equipment

SAN JOSE, Calif., Oct. 21, 2026 (GLOBE NEWSWIRE) — QuantumScape Corporation (NASDAQ: QS), a global leader in solid-state lithium-metal battery technology, today announced a planned 100 megawatt-hour (MWh) capacity cell production line to meet demand for solid-state batteries from markets including AI data centers, aerospace and defense. To develop this line, QS has partnered with Muehlbauer Group, a leading German automation and manufacturing technology company, as an ecosystem provider of cell assembly equipment.

QS is currently demonstrating scalable production of solid-state batteries using its highly automated Eagle Line pilot facility in San Jose. Muehlbauer evaluated the Eagle Line processes and developed design enhancements to bring the technology to mass production; engineering work on higher-throughput processes and equipment for the new line is underway. Start of cell production is targeted for 2028.

“We are excited to welcome Muehlbauer to the QS ecosystem,” said Dr. Siva Sivaram, president and CEO of QS. “Muehlbauer is an experienced and respected global player in manufacturing automation and battery equipment, and they’ve shown top-tier system integration capability, impressive engineering depth, and the scalability mindset necessary to bring our groundbreaking technology to the gigawatt-hour scale. They join a world-class ecosystem of technology partners as we bring solid-state batteries into mass production.”

“The Eagle Line proved to us that QuantumScape’s solid-state technology is ready to scale to the next level,” said Josef Markus Mühlbauer, CEO of Muehlbauer Group. “We have been working on-site with QS in San Jose to develop a scale-up plan built on the foundation of the Eagle Line. With decades of experience in turning innovative technologies into scalable production processes, we are proud to be a preferred partner within QuantumScape’s ecosystem and to contribute our expertise to the mission of revolutionizing energy storage and enabling a more sustainable future.”

About QuantumScape Corporation
QuantumScape is on a mission to revolutionize energy storage to enable a sustainable future. The company’s next-generation solid-state lithium-metal battery technology is designed to enable greater energy density, faster charging and enhanced safety to support the transition away from legacy energy sources toward a lower carbon future. For more information, visit www.quantumscape.com.

About Muehlbauer Group 
With around 4,500 employees at 40 locations worldwide and 45 years of experience, the Muehlbauer Group has developed into one of the most advanced suppliers of complete production solutions. The company has achieved a leading position in the semiconductor industry with its unique die sorting technology and serves 90% of worldwide demand for RFID. More than 90,000 machines and systems have already been installed worldwide, and the Group specialises in high-precision, high-speed assembly systems, even in cleanroom environments.
For more information, visit www.muehlbauer.de.

Forward-Looking Statements
Certain information in this press release may be considered “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, without limitation, statements regarding the company’s expectations for its partnership with Muehlbauer Group, the anticipated benefits and contributions of Muehlbauer under that partnership, the design, development, build-out and timing of a planned 100 MWh cell production line, including engineering of higher-throughput processes and equipment and the targeted 2028 start of production, the scalability of the Eagle Line processes, the progression to mass production and gigawatt-hour scale production, the commercialization and scaling of its solid-state lithium-metal battery technology, and the application of its technology to AI data center, aerospace, defense and other markets. These forward-looking statements are based on management’s current expectations, assumptions, hopes, beliefs, intentions and strategies regarding future events and are based on currently available information as to the outcome and timing of future events. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely upon forward-looking statements as predictions of future events. The events and circumstances reflected in the forward-looking statements may not be achieved or occur and actual results could differ materially from those projected in the forward-looking statements due to various risks, including the successful development and commercialization of our solid-state battery technology, achieving technical and financial milestones, building out of high-volume processes and otherwise scaling production, the performance of third-party partners and suppliers, achieving the performance, quality, consistency, reliability, safety, cost and throughput required for commercial production and sale, changes in financial conditions, market demand for EVs, AI data center, aerospace and defense, and other energy storage applications, retaining key personnel, competition, regulatory changes, broader economic conditions, and other factors, including those discussed in the section titled “Risk Factors” in our Annual Report and Quarterly Reports and other documents filed with the Securities and Exchange Commission from time to time. Except as otherwise required by applicable law, the company disclaims any duty to update any forward-looking statements.

Contacts:

For Investors ir@quantumscape.com

For Media media@quantumscape.com 

BETHESDA, Md., Oct. 21, 2026 (GLOBE NEWSWIRE) — Eagle Bancorp, Inc. (“Eagle” or the “Company”) (NASDAQ: EGBN), the Bethesda-based holding company for EagleBank (the “Bank”), one of the largest community banks in the Washington D.C. area, reported its unaudited results for the third quarter ended September 30, 2026.

Eagle reported net income of $24.2 million or $0.79 per share for the third quarter 2026, compared to $6.9 million or $0.23 per share for the second quarter of 2026. This $17.3 million increase in net income is primarily due to a $18.6 million lower provision for credit losses, compared to the prior quarter. In the third quarter, net interest income decreased $1.0 million, noninterest income decreased $1.2 million, while noninterest expense increased $3.1 million.

Pre-provision net revenue (“PPNR”)¹ declined in the third quarter to $23.8 million compared to $29.1 million for the prior quarter reflecting higher noninterest expense, lower noninterest income, and slightly lower net interest income.

“This quarter provides tangible evidence of progress in executing on our strategy. Criticized and classified loans declined, net charge-offs moderated significantly, funding costs improved, and total commercial deposits grew sequentially. We also recognize that the increase in nonperforming assets, driven primarily by one significant relationship, means our asset quality work is not complete. We remain focused on resolving problem assets, strengthening relationship-based funding, and translating the capabilities of this franchise into consistent, profitable growth,” said Steve Curley, President and Chief Executive Officer of the Company.

Curley continued, “We also took important steps to strengthen Eagle’s growth capabilities by establishing a commercial banking presence in Baltimore, adding experienced leaders to our commercial real estate business, and appointing a new Chief People Officer. We are bringing together the talent, market coverage, and organizational leadership needed to support disciplined, profitable growth.”

Additionally, the Company is announcing today a cash dividend in the amount of $0.01 per share. The cash dividend will be payable on November 17, 2026 to shareholders of record on November 6, 2026.

¹ A reconciliation of non-GAAP financial measures and the nearest GAAP measures is provided in the GAAP Reconciliation to Non-GAAP Financial Measures tables that accompany this document.

Third Quarter of 2026 Key Elements

• The Company announces today the declaration of a common stock dividend of $0.01 per share.
• Total C&I loans (including owner-occupied) increased $536.5 million, or 19.54%, year-over-year, and period end C&I deposit growth totaled $111.1 million, or 6.43%. The growth in deposits reflects the continued development of our banking relationships and supports our focus on relationship-based banking.
• As of the current quarter-end, the Company’s CRE concentration ratio was 245.8% compared to 267.6% the prior quarter. ADC concentration was 62.2% compared to 66.2% in the prior quarter. These reductions reflect continued portfolio diversification and position the Company to pursue growth opportunities from a position of strength.
• The ACL as a percentage of total loans was 1.84% at quarter-end; up from 1.83% at the prior quarter-end as specific reserves for non-performing loans increased and the qualitative reserve for performing CRE office loans (“office overlay”) declined. Performing office coverage² was 4.86% at quarter-end; as compared to 7.22% at the prior quarter-end, as the CRE office portfolio decreased and asset quality indicators improved.
• Non-performing assets increased by $52.9 million to $166.0 million as of September 30, 2026, representing 1.75% of total assets, compared to $113.1 million, representing 1.17% of total assets as of June 30, 2026. During the quarter, non-performing loan inflows totaled $73.7 million, 76.0% of which resulted from a single loan migration. Reductions of $18.8 million primarily reflected pay-offs and underlying collateral liquidations.
• Including loans held for sale, substandard and special mention loans totaled $648.4 million at September 30, 2026, compared to $759.6 million in the prior quarter. Substandard and special mention loans held for sale totaled $13.5 million and $25.6 million at September 30, 2026 and June 30, 2026, respectively.
• Annualized quarterly net charge-offs for the third quarter of 2026 were 0.25% compared to 2.78% for the second quarter of 2026. Charge offs during the quarter declined due to less disposition activity related to classified assets.
• The net interest margin (“NIM”) increased to 2.60% for the third quarter of 2026, compared to 2.52% for the prior quarter, primarily driven by improved funding mix as reduced brokered deposit usage lowered cost of funds. This improvement was partially offset by lower interest income from declines in loan balances.
• At quarter-end, the common equity ratio, tangible common equity ratio¹, and common equity tier 1 capital (to risk-weighted assets) ratio were 12.24%, 12.24%, and 14.99%, respectively.

¹ A reconciliation of non-GAAP financial measures and the nearest GAAP measures is provided in the GAAP Reconciliation to Non-GAAP Financial Measures tables that accompany this document.
² Calculated as the ACL attributable to loans collateralized by performing office properties as a percentage of total performing office loans.

Income Statement

• Net interest income was $61.3 million for the third quarter of 2026, compared to $62.4 million for the prior quarter. Both interest income and interest expense declined during the quarter, reflecting the impact of declining average interest-earning balances and a reduction in higher cost brokered deposits.
• Provision for credit losses was $2.8 million for the third quarter of 2026, compared to $21.4 million for the prior quarter. The decrease was primarily due to the adequacy of reserves reflecting the Bank’s efforts to resolve problem loan assets. The provision related to the reserve for unfunded commitments was $10 thousand, compared to $8 thousand in the prior quarter.
• Noninterest income was $9.6 million for the third quarter of 2026, a decrease of $1.2 million, compared to $10.8 million for the prior quarter. The decrease in the current quarter noninterest income was primarily due to no gains on the sale of loans during the quarter, compared to a gain on sale of loans of $2.3 million in the prior quarter. This was partially offset by higher swap fee income of $1.1 million.
• Noninterest expense was $47.1 million for the third quarter of 2026, compared to $44.0 million for the prior quarter. The increase over the prior quarter was primarily due to a $4.9 million increase in salaries and employee benefits driven by non-recurring $1.5 million in accelerated stock awards, $1.5 million in salary expenses from increased headcount, and non-recurring $1.3 million in annual incentives. This increase was partially offset by a $2.1 million reduction in FDIC insurance expense from improved performance metrics.
• Income tax benefit was $3.3 million for the third quarter of 2026, compared to a $0.7 million expense for the prior quarter, primarily due to a state tax refund in the third quarter of 2026.

Loans and Funding

• Total loans, including loans held for sale, were $6.6 billion at September 30, 2026, a decrease of 1.4% from the prior quarter-end. The decrease in total loans was primarily driven by declines in income-producing real estate loans, partially offset by an increase from the purchase of residential mortgage real estate loans.
• Total deposits at quarter-end were $8.0 billion, down $151.1 million, or 1.8%, from the prior quarter-end. Brokered deposits declined $348.0 million quarter over quarter. The decrease in total deposits was primarily driven by lower balances in interest-bearing transaction, savings, and money market accounts, partially offset by an increase in time deposits. Deposits decreased $1.4 billion compared to September 30, 2025.

Asset Quality

• Allowance for credit losses was 1.84% of total loans held for investment at September 30, 2026, compared to 1.83% at the prior quarter-end as specific reserves for non-performing loans increased and the office overlay declined. Performing office coverage was 4.86% at quarter-end; as compared to 7.22% at the prior quarter-end, as the CRE office portfolio decreased and asset quality indicators improved.
• Net charge-offs were $4.2 million for the quarter, compared to $47.9 million in the second quarter of 2026. This decrease was primarily associated with less disposition activity related to classified assets.
• Non-performing assets (“NPAs”) were $166.0 million at September 30, 2026.
  • NPAs as a percentage of assets were 1.75% at September 30, 2026, compared to 1.17% at the prior quarter-end. At September 30, 2026, the Bank had no OREO properties on its books.
  • Loans 30-89 days past due were $357.0 thousand at September 30, 2026, compared to $44.1 million at the prior quarter-end.

Capital

• Total shareholders’ equity was $1.2 billion at September 30, 2026, up 0.7% from the prior quarter-end. The increase in shareholders’ equity was primarily due to quarterly net income that increased capital, partially offset by higher unrealized losses on investment securities available-for-sale resulting in an increase in the accumulated other comprehensive loss.
• Book value per share and tangible book value per share³ were $38.00 and $38.00, an increase of 0.7% from the prior quarter-end.

³ A reconciliation of non-GAAP financial measures and the nearest GAAP measures is provided in the GAAP Reconciliation to Non-GAAP Financial Measures tables that accompany this document.

Additional financial information: The financial information that follows provides more detail on the Company’s financial performance for the three months ended September 30, 2026 as compared to the three months ended June 30, 2026 and September 30, 2025, as well as eight quarters of trend data. Persons wishing additional information should refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and other reports filed with the SEC.

About Eagle Bancorp: The Company is the holding company for EagleBank, which commenced operations in 1998. The Bank is headquartered in Bethesda, Maryland, and operates through twelve banking offices and three lending offices located in Suburban Maryland, Washington, D.C. and Northern Virginia. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace, and is committed to a culture of respect, opportunity, belonging, and inclusion in both its workplace and the communities in which it operates.

Conference call: Eagle Bancorp will host a conference call to discuss its third quarter of 2026 financial results on Thursday, October 22, 2026 at 10:00 a.m. Eastern Time.

The listen-only webcast can be accessed at:

• https://edge.media-server.com/mmc/p/tvt4t76d/
• For analysts who wish to participate in the conference call, please register at the following URL: https://register-conf.media-server.com/register/BI5ebb8fdea9ff49479264f6b9339b6180

• A replay of the conference call will be available on the Company’s website through Thursday, November 5, 2026: https://www.eaglebankcorp.com/

Forward-looking statements: This press release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, as amended, including statements of goals, intentions, and expectations as to future trends, plans, events, financial condition, asset quality or results of Company operations and policies and regarding general economic conditions. In some cases, forward-looking statements can be identified by use of words such as “may,” “will,” “can,” “anticipates,” “believes,” “expects,” “plans,” “strategy,” “estimates,” “potential,” “continue,” “should,” “could,” “strive,” “feel” and similar words or phrases. These statements are based upon current and anticipated economic conditions, nationally and in the Company’s market (including reductions in the size of the federal government workforce; changes in government spending; the economic effects of an extended government shutdown; the proposal, announcement or imposition of tariffs; volatility in interest rates and interest rate, monetary and fiscal policy; inflation levels; competitive factors; our ability to access cost-effective funding) and other conditions (such as the impact of bank failures, credit losses or adverse developments at other banks and related negative press about the banking industry in general on investor and depositor sentiment regarding the stability and liquidity of banks), which by their nature are not susceptible to accurate forecast and are subject to significant uncertainty. Because of these uncertainties and the assumptions on which this discussion and the forward-looking statements are based, actual future operations and results in the future may differ materially from those indicated herein. For details on factors that could affect these expectations, see the risk factors and other cautionary language included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and in other periodic and current reports filed with the SEC, including the Company’s Quarterly Reports on Form 10-Q. Readers are cautioned against placing undue reliance on any such forward-looking statements. The Company’s past results are not necessarily indicative of future performance. All information is as of the date of this press release. Any forward-looking statements made by or on behalf of the Company speak only as to the date they are made. Except to the extent required by applicable law or regulation, the Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.

Eagle Bancorp, Inc.
Consolidated Statements of Operations (Unaudited)
(Dollars in thousands, except per share data)
	Three Months Ended
	September 30,				June 30,			September 30,
		2026				2026			2025
Interest Income
Interest and fees on loans	$	102,260			$	106,358		$	123,704
Interest and dividends on investment securities		9,898				9,243			10,527
Interest on balances with other banks and short-term investments		9,434				10,978			15,872
Total interest income		121,592				126,579			150,103
Interest Expense
Interest on deposits		58,195				61,623			79,385
Interest on customer repurchase agreements		—				—			202
Interest on other short-term borrowings		64				582			332
Interest on long-term borrowings		2,024				2,024			2,025
Total interest expense		60,283				64,229			81,944
Net Interest Income		61,309				62,350			68,159
Provision for Credit Losses		2,809				21,448			113,215
Provision (Reversal) for Credit Losses for Unfunded Commitments		10				8			(38	)
Net Interest Income (Loss) After Provision for Credit Losses		58,490				40,894			(45,018	)
Noninterest Income
Service charges on deposits		1,794				1,733			1,773
Gain (loss) on sale of loans		—				2,291			(3,550	)
Net gain (loss) on sale of investment securities		21				266			(1,982	)
Increase in cash surrender value of bank-owned life insurance		5,773				5,672			5,293
Other income		1,976				797			961
Total noninterest income		9,564				10,759			2,495
Noninterest Expense
Salaries and employee benefits		28,274				23,366			21,290
Premises and equipment expenses		2,331				2,445			2,944
Marketing and advertising		1,474				1,161			1,316
Data processing		4,090				4,257			3,950
Legal, accounting and professional fees		4,046				4,783			2,396
FDIC insurance		2,811				4,862			6,665
Other expenses		4,075				3,154			3,336
Total noninterest expense		47,101				44,028			41,897
Income (Loss) Before Income Tax Expense		20,953				7,625			(84,420	)
Income Tax Expense (Benefit)		(3,293	)			707			(16,907	)
Net Income (Loss)	$	24,246			$	6,918		$	(67,513	)
Earnings (Loss) Per Common Share
Basic	$	0.80			$	0.23		$	(2.22	)
Diluted	$	0.79			$	0.23		$	(2.22	)

        

Eagle Bancorp, Inc.
Consolidated Balance Sheets (Unaudited)
(Dollars in thousands, except per share data)
	September 30,				June 30,				September 30,
		2026				2026				2025
Assets
Cash and due from banks	$	13,643			$	13,394			$	9,395
Interest-bearing deposits with banks and other short-term investments		528,617				612,349				841,372
Investment securities available-for-sale at fair value (amortized cost of $991,993, $984,607, and $1,161,644 respectively, and allowance for credit losses of $—, $—, and $—, respectively)		892,030				904,183				1,073,412
Investment securities held-to-maturity at amortized cost, net of allowance for credit losses of $409, $454, and $1,199 respectively (fair value of $684,454, $730,994, and $786,662 respectively)		797,449				814,878				872,418
Federal Reserve and Federal Home Loan Bank stock		27,885				32,500				28,306
Loans held for sale, at lower of cost or fair value		13,534				49,663				136,506
Loans held for investment, at amortized cost		6,563,354				6,622,435				7,304,679
Less: allowance for credit losses		(120,781	)			(121,141	)			(156,228	)
Loans held for investment, net of allowance		6,442,573				6,501,294				7,148,451
Premises and equipment, net		14,744				13,239				10,503
Operating lease right-of-use assets		26,917				27,964				29,791
Deferred income taxes		140,393				134,077				77,362
Bank-owned life insurance		346,696				345,469				330,426
Other real estate owned		—				1,966				14,684
Other assets		219,817				207,938				242,876
Total Assets	$	9,464,298			$	9,658,914			$	10,815,502
Liabilities and Shareholders’ Equity
Liabilities
Deposits:
Noninterest-bearing demand	$	1,552,920			$	1,567,336			$	1,577,197
Interest-bearing transaction		864,462				973,651				932,500
Savings and money market		2,845,653				3,061,987				3,702,579
Time deposits		2,770,972				2,582,123				3,251,283
Total deposits		8,034,007				8,185,097				9,463,559
Customer repurchase agreements		—				—				13,725
Other short-term borrowings		—				100,000				—
Long-term borrowings		76,676				76,593				76,346
Operating lease liabilities		34,045				35,081				36,278
Reserve for unfunded commitments		3,329				3,319				4,886
Other liabilities		157,840				108,318				97,232
Total Liabilities		8,305,897				8,508,408				9,692,026
Shareholders’ Equity
Common stock, par value $0.01 per share; shares authorized 100,000,000, shares issued and outstanding 30,480,480, 30,490,409, and 30,366,555 respectively		302				302				300
Additional paid-in capital		388,405				385,082				389,305
Retained earnings		882,490				858,601				831,685
Accumulated other comprehensive loss		(112,796	)			(93,479	)			(97,814	)
Total Shareholders’ Equity		1,158,401				1,150,506				1,123,476
Total Liabilities and Shareholders’ Equity	$	9,464,298			$	9,658,914			$	10,815,502

Loan Mix and Asset Quality (Dollars in thousands)
	September 30,					June 30,					September 30,
		2026					2026					2025
	Amount		%			Amount		%			Amount		%
Loan Balances – Period End:
Commercial	$	1,544,426	24	%		$	1,540,766	23	%		$	1,217,805	17	%
Income producing – commercial real estate		2,587,587	39	%			2,729,383	41	%			3,453,033	47	%
Owner occupied – commercial real estate		1,641,411	25	%			1,660,748	25	%			1,494,711	20	%
Real estate mortgage – residential		134,529	2	%			35,535	1	%			44,684	1	%
Construction – commercial and residential		516,565	8	%			523,121	8	%			1,010,367	14	%
Construction – C&I (owner occupied)		96,509	1	%			88,458	1	%			33,378	—	%
Home equity		41,265	1	%			43,479	1	%			49,333	1	%
Other		1,062	—	%			945	—	%			1,368	—	%
Total loans	$	6,563,354	100	%		$	6,622,435	100	%		$	7,304,679	100	%

	Three Months Ended or As Of
	September 30,			June 30,			September 30,
		2026			2026			2025
Asset Quality:
Non-performing loans	$	166,021		$	111,124		$	118,647
Other real estate owned		—			1,966			14,684
Non-performing assets	$	166,021		$	113,090		$	133,331
Net charge-offs	$	4,156		$	47,909		$	140,814
Special mention	$	195,087		$	274,187		$	423,685
Substandard	$	439,761		$	459,773		$	534,789

Eagle Bancorp, Inc.
Consolidated Average Balances, Interest Yields And Rates vs. Prior Quarter (Unaudited)
(Dollars in thousands)
	Three Months Ended
	September 30, 2026										June 30, 2026
	Average Balance				Interest			Average Yield/Rate			Average Balance				Interest			Average Yield/Rate
Assets
Interest earning assets:
Interest-bearing deposits with other banks and other short-term investments	$	1,057,929			$	9,434		3.54	%		$	1,226,640			$	10,978		3.59	%
Loans held for sale(1)		20,925				38		0.72	%			40,356				910		9.04	%
Loans(1) (2)		6,524,107				102,222		6.22	%			6,888,734				105,448		6.14	%
Investment securities available-for-sale(2)		956,701				5,654		2.34	%			950,891				5,147		2.17	%
Investment securities held-to-maturity(2)		807,289				4,244		2.09	%			830,921				4,096		1.98	%
Total interest earning assets		9,366,951				121,592		5.15	%			9,937,542				126,579		5.11	%
Noninterest earning assets		738,945										737,466
Less: allowance for credit losses		(123,338	)									(151,328	)
Total noninterest earning assets		615,607										586,138
Total Assets	$	9,982,558									$	10,523,680
Liabilities and Shareholders’ Equity
Interest bearing liabilities:
Interest-bearing transaction	$	1,273,097			$	8,414		2.62	%		$	1,447,015			$	9,379		2.60	%
Savings and money market		2,955,588				22,465		3.02	%			3,194,094				24,139		3.03	%
Time deposits		2,638,082				27,244		4.10	%			2,683,953				28,044		4.19	%
Total interest bearing deposits		6,866,767				58,123		3.36	%			7,325,062				61,562		3.37	%
Derivative collateral liability		25,874				72		1.10	%			14,834				61		1.62	%
Other short-term borrowings		6,524				64	​	3.89	%			60,440				582		3.87	%
Long-term borrowings		76,647				2,024		10.48	%			76,566				2,024		10.60	%
Total interest bearing liabilities		6,975,812				60,283		3.43	%			7,476,902				64,229		3.45	%
Noninterest bearing liabilities:
Noninterest bearing demand		1,709,922										1,760,058
Other liabilities		132,953										133,356
Total noninterest bearing liabilities		1,842,875										1,893,414
Shareholders’ equity		1,163,871										1,153,364
Total Liabilities and Shareholders’ Equity	$	9,982,558									$	10,523,680
Net interest income					$	61,309									$	62,350
Net interest spread								1.72	%									1.66	%
Net interest margin								2.60	%									2.52	%
Cost of funds								2.75	%									2.79	%

⁽¹⁾   Loans placed on non-accrual status are included in average balances. Net loan fees and late charges included in interest income on loans totaled $2.9 million and $3.9 million for the three months ended September 30, 2026 and June 30, 2026, respectively.
⁽²⁾   Interest and fees on loans and investments exclude tax equivalent adjustments.

Eagle Bancorp, Inc.
Consolidated Average Balances, Interest Yields And Rates vs. Year Ago Quarter (Unaudited)
(Dollars in thousands)
	Three Months Ended September 30,
		2026										2025
	Average Balance				Interest			Average Yield/Rate			Average Balance				Interest			Average Yield/Rate
Assets
Interest earning assets:
Interest-bearing deposits with other banks and other short-term investments	$	1,057,929			$	9,434		3.54	%		$	1,449,871			$	15,974		4.37	%
Loans held for sale(1)		20,925				38		0.72	%			19,441				389		7.94	%
Loans(1) (2)		6,524,107				102,222		6.22	%			7,648,459				123,315		6.40	%
Investment securities available-for-sale(2)		956,701				5,654		2.34	%			1,134,993				5,866		2.05	%
Investment securities held-to-maturity(2)		807,289				4,244		2.09	%			884,779				4,661		2.09	%
Total interest earning assets		9,366,951				121,592		5.15	%			11,137,543				150,205		5.35	%
Noninterest earning assets		738,945										658,014
Less: allowance for credit losses		(123,338	)									(198,158	)
Total noninterest earning assets		615,607										459,856
Total Assets	$	9,982,558									$	11,597,399
Liabilities and Shareholders’ Equity
Interest bearing liabilities:
Interest-bearing transaction	$	1,273,097			$	8,414		2.62	%		$	1,391,316			$	10,824		3.09	%
Savings and money market		2,955,588				22,465		3.02	%			3,576,595				30,875		3.42	%
Time deposits		2,638,082				27,244		4.10	%			3,312,333				37,686		4.51	%
Total interest bearing deposits		6,866,767				58,123		3.36	%			8,280,244				79,385		3.80	%
Customer repurchase agreements		—				—	​	—	%			25,557				202		3.14	%
Derivative collateral liability		25,874				72		1.10	%			9,225				102		4.39	%
Other short-term borrowings		6,524				64		3.89	%			29,350				332		4.49	%
Long-term borrowings		76,647				2,024		10.48	%			76,318				2,025		10.52	%
Total interest bearing liabilities		6,975,812				60,283		3.43	%			8,420,694				82,046		3.87	%
Noninterest bearing liabilities:
Noninterest bearing demand		1,709,922										1,882,971
Other liabilities		132,953										111,586
Total noninterest bearing liabilities		1,842,875										1,994,557
Shareholders’ equity		1,163,871										1,182,148
Total Liabilities and Shareholders’ Equity	$	9,982,558									$	11,597,399
Net interest income					$	61,309									$	68,159
Net interest spread								1.72	%									1.48	%
Net interest margin								2.60	%									2.43	%
Cost of funds								2.75	%									3.16	%

⁽¹⁾   Loans placed on non-accrual status are included in average balances. Net loan fees and late charges included in interest income on loans totaled $2.9 million and $3.7 million for the three months ended September 30, 2026 and 2025, respectively.
⁽²⁾   Interest and fees on loans and investments exclude tax equivalent adjustments.

Eagle Bancorp, Inc.
Statements of Operations and Highlights Quarterly Trends (Unaudited)
(Dollars in thousands, except per share data)
		Three Months Ended
		September 30, 2026				June 30, 2026				March 31, 2026				December 31, 2025				September 30, 2025				June 30, 2025				March 31, 2025				December 31, 2024
Income Statements:
Total interest income		$	121,592			$	126,579			$	131,901			$	149,526			$	150,103			$	151,443			$	153,878			$	168,417
Total interest expense			60,283				64,229				68,207				81,223				81,944				83,667				88,229				97,623
Net interest income			61,309				62,350				63,694				68,303				68,159				67,776				65,649				70,794
Provision for credit losses			2,809				21,448				13,382				15,468				113,215				138,159				26,255				12,132
Provision (reversal) for credit losses for unfunded commitments			10				8				(1,779	)			203				(38	)			1,759				(297	)			(1,598	)
Net interest income after provision for credit losses			58,490				40,894				52,091				52,632				(45,018	)			(72,142	)			39,691				60,260
Noninterest income before investment gain			9,543				10,493				12,705				12,183				4,477				8,268				8,203				4,063
Net gain (loss) on sale of investment securities			21				266				3				9				(1,982	)			(1,854	)			4				4
Total noninterest income			9,564				10,759				12,708				12,192				2,495				6,414				8,207				4,067
Salaries and employee benefits			28,274				23,366				23,247				22,661				21,290				21,940				21,968				22,597
Premises and equipment expenses			2,331				2,445				2,533				2,861				2,944				3,019				3,203				2,635
Marketing and advertising			1,474				1,161				868				1,185				1,316				1,144				1,371				1,340
Legal Contingency			—				(206	)			—				10,000				—				—				—				—
Other expenses			15,022				17,262				22,092				33,130				16,347				17,367				18,909				17,960
Total noninterest expense			47,101				44,028				48,740				69,837				41,897				43,470				45,451				44,532
Income (loss) before income tax expense			20,953				7,625				16,059				(5,013	)			(84,420	)			(109,198	)			2,447				19,795
Income tax expense			(3,293	)			707				1,341				(2,574	)			(16,907	)			(39,423	)			772				4,505
Net income (loss)			24,246				6,918				14,718				(2,439	)			(67,513	)			(69,775	)			1,675				15,290
Per Share Data:
Earnings (loss) per weighted average common share, basic		$	0.80			$	0.23			$	0.48			$	(0.08	)		$	(2.22	)		$	(2.30	)		$	0.06			$	0.51
Earnings (loss) per weighted average common share, diluted		$	0.79			$	0.23			$	0.48			$	(0.08	)		$	(2.22	)		$	(2.30	)		$	0.06			$	0.50
Weighted average common shares outstanding, basic			30,480,634				30,495,258				30,422,259				30,368,432				30,367,997				30,373,167				30,275,001				30,199,433
Weighted average common shares outstanding, diluted			30,634,112				30,570,105				30,540,379				30,584,374				30,367,997				30,510,847				30,404,262				30,321,644
Actual shares outstanding at period end			30,480,480				30,490,409				30,494,659				30,359,632				30,366,555				30,364,983				30,368,843				30,202,003
Book value per common share at period end		$	38.00			$	37.73			$	37.56			$	37.26			$	37.00			$	39.03			$	40.99			$	40.60
Tangible book value per common share at period end(1)		$	38.00			$	37.73			$	37.56			$	37.26			$	37.00			$	39.03			$	40.99			$	40.59
Dividend per common share		$	0.01			$	0.01			$	0.01			$	0.01			$	0.01			$	0.165			$	0.165			$	0.165
Performance Ratios (annualized):
Return on average assets			0.96	%			0.26	%			0.54	%		(0.08)%				(2.31)        %				(2.33)%					0.06	%			0.48	%
Return on average common equity			8.26	%			2.41	%			5.20	%		(0.85)%				(22.66)        %				(22.35)%					0.55	%			4.94	%
Return on average tangible common equity(1)			8.26	%			2.41	%			5.20	%		(0.85)%				(22.66)        %				(22.35)%					0.55	%			4.94	%
Net interest margin			2.60	%			2.52	%			2.47	%			2.38	%			2.43	%			2.37	%			2.28	%			2.29	%
Efficiency ratio(2)			66.5	%			60.2	%			63.8	%			86.8	%			59.3	%			58.6	%			61.5	%			59.5	%
Other Ratios:
Allowance for credit losses to total loans(3)			1.84	%			1.83	%			2.12	%			2.19	%			2.14	%			2.38	%			1.63	%			1.44	%
Allowance for credit losses to total non-performing loans			72.75	%			109.01	%			114.29	%			149.31	%			131.67	%			81.17	%			64.59	%			54.81	%
Non-performing assets to total assets			1.75	%			1.17	%			1.31	%			1.04	%			1.23	%			2.16	%			1.79	%			1.90	%
Net charge-offs (recoveries) (annualized) to average total loans(3)			0.25	%			2.78	%			1.46	%			0.67	%			7.36	%			4.22	%			0.57	%			0.48	%
Tier 1 capital (to average assets)			12.08	%			11.22	%			10.63	%			9.72	%			10.40	%			10.63	%			11.11	%			10.74	%
Total capital (to risk weighted assets)			16.25	%			15.84	%			15.05	%			14.33	%			14.83	%			15.27	%			15.86	%			15.86	%
Common equity tier 1 capital (to risk weighted assets)			14.99	%			14.58	%			13.80	%			13.07	%			13.58	%			14.01	%			14.61	%			14.63	%
Tangible common equity ratio(1)			12.24	%			11.91	%			11.51	%			10.78	%			10.39	%			11.18	%			11.00	%			11.02	%
Average Balances (in thousands):
Total assets		$	9,982,558			$	10,523,680			$	11,029,930			$	11,964,701			$	11,597,399			$	11,989,095			$	12,118,190			$	12,575,722
Total earning assets			9,366,951				9,937,542				10,456,689				11,389,162				11,137,543				11,487,006				11,640,162				12,303,940
Total loans(3)			6,524,107				6,888,734				7,112,483				7,338,320				7,648,459				7,942,333				7,933,695				7,971,907
Total deposits			8,576,689				9,085,120				9,652,007				10,590,252				10,163,215				10,226,095				9,883,233				10,056,463
Total borrowings			83,171				137,006				76,483				83,056				131,225				355,914				794,940				1,118,276
Total shareholders’ equity			1,163,871				1,153,364				1,147,585				1,140,402				1,182,148				1,252,252				1,242,805				1,230,573

(1)   A reconciliation of non-GAAP financial measures to the nearest GAAP measure is provided in the tables that accompany this document.
(2)   Computed by dividing noninterest expense by the sum of net interest income and noninterest income.
(3)   Excludes loans held for sale.

GAAP Reconciliation to Non-GAAP Financial Measures (unaudited)
(dollars in thousands, except per share data)
	Three Months Ended
	September 30,				June 30,				September 30,
		2026				2026				2025
Tangible common equity
Common shareholders’ equity	$	1,158,401			$	1,150,506			$	1,123,476
Less: Intangible assets		—				—				—
Tangible common equity	$	1,158,401			$	1,150,506			$	1,123,476
Tangible common equity ratio
Total assets	$	9,464,298			$	9,658,914			$	10,815,502
Less: Intangible assets		—				—				—
Tangible assets	$	9,464,298			$	9,658,914			$	10,815,502
Tangible common equity ratio		12.24	%			11.91	%			10.39	%
Per share calculations
Book value per common share	$	38.00			$	37.73			$	37.00
Less: Intangible book value per common share	$	—			$	—			$	—
Tangible book value per common share	$	38.00			$	37.73			$	37.00
Shares outstanding at period end		30,480,480				30,490,409				30,366,555

Average tangible common equity
Average common shareholders’ equity		$	1,163,871			$	1,153,364			$	1,182,148
Less: Average intangible assets			—				—				—
Average tangible common equity		$	1,163,871			$	1,153,364			$	1,182,148
Return on average tangible common equity
Net (loss) income		$	24,246			$	6,918			$	(67,513	)
Return on average tangible common equity			8.26	%			2.41	%		(22.66)        %
Pre-provision net revenue
Net interest income		$	61,309			$	62,350			$	68,159
Noninterest income			9,564				10,759				2,495
Less: Noninterest expense			(47,101	)			(44,028	)			(41,897	)
Pre-provision net revenue		$	23,772			$	29,081			$	28,757

Tangible common equity, tangible common equity to tangible assets (the “tangible common equity ratio”), tangible book value per common share, average tangible common equity, and the annualized return on average tangible common equity are non-GAAP financial measures derived from GAAP based amounts. The Company calculates the tangible common equity ratio by excluding the balance of intangible assets from common shareholders’ equity, or tangible common equity, and dividing by tangible assets. The Company calculates tangible book value per common share by dividing tangible common equity by common shares outstanding, as compared to book value per common share, which the Company calculates by dividing common shareholders’ equity by common shares outstanding. The Company calculates the annualized return on average tangible common equity ratio by dividing net income available to common shareholders by average tangible common equity, which is calculated by excluding the average balance of intangible assets from the average common shareholders’ equity. The Company considers this information important to shareholders as tangible equity is a measure that is consistent with the calculation of capital for bank regulatory purposes, which excludes intangible assets from the calculation of risk based ratios, and as such is useful for investors, regulators, management and others to evaluate capital adequacy and to compare against other financial institutions.

Pre-provision net revenue is a non-GAAP financial measure calculated by subtracting noninterest expenses from the sum of net interest income and noninterest income. The Company considers this information important to shareholders because it illustrates revenue excluding the impact of provisions and reversals to the allowance for credit losses on loans.

For the September 30, 2026 Earnings Presentation, click FINAL – 3Q2026 EGBN Earnings DECK. 

EAGLE BANCORP, INC. 
CONTACT:
Eric R. Newell
240.497.1796