Tag: GlobeNewswire

SPRINGFIELD, Mo., Oct. 30, 2026 (GLOBE NEWSWIRE) — Paul Mueller Company (OTC: MUEL) today announced earnings for the Third quarter ended September 30, 2026.

PAUL MUELLER COMPANY
NINE-MONTH REPORT
Unaudited
(In thousands)
CONSOLIDATED STATEMENTS OF INCOME
			Three Months Ended						Nine Months Ended								Twelve Months Ended
			September 30						September 30								September 30
				2026			2025			2026				2025				2026				2025
Net Sales			$	92,460		$	61,375		$	252,650			$	192,859			$	346,792			$	263,333
Cost of Sales				64,266			45,348			181,199				131,146				243,254				175,811
Gross Profit			$	28,194		$	16,027		$	71,451			$	61,713			$	103,538			$	87,522
Selling, General and Administrative Expense				13,293			10,298			39,466				35,163				54,566				47,398
Operating Income			$	14,901		$	5,729		$	31,985			$	26,550			$	48,972			$	40,124
Interest Income 1				305			596			1,206				1,223				1,706				1,178
Other Income (Expense) 1				65			43			35				137				435				630
Income before Provision for Income Taxes			$	15,271		$	6,368		$	33,226			$	27,910			$	51,113			$	41,932
Provision for Income Taxes				3,612			1,487			7,849				6,472				12,497				9,353
Net Income			$	11,659		$	4,881		$	25,377			$	21,438			$	38,616			$	32,579
Earnings per Common Share –– Basic and Diluted			$	12.98		$	5.25		$	28.25			$	23.00			$	42.98			$	34.90
1. Has been reclassified to move Interest Income out of Other Income (Expense) and net it with Interest Expense on the Interest Income line for all periods being presented.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
		Nine Months Ended
		September 30
			2026				2025
Net Income		$	25,377			$	21,438
Other Comprehensive Income (Loss), Net of Tax:
Foreign Currency Translation Adjustment			(1,010	)			3,166
Comprehensive Income		$	24,367			$	24,605

CONSOLIDATED BALANCE SHEETS
		September 30				December 31
			2026				2025
Cash and Cash Equivalents		$	19,200			$	29,883
Marketable Securities			2,785				19,913
Accounts Receivable, net			58,758				41,719
Inventories (FIFO)			49,654				52,715
LIFO Reserve			(21,745	)			(21,051	)
Inventories (LIFO)			27,909				31,664
Current Net Investments in Sales-Type Leases			72				62
Other Current Assets			16,045				5,758
Current Assets		$	124,769			$	128,999
Net Property, Plant, and Equipment			93,823				79,083
Right of Use Assets			2,172				2,276
Other Assets			1,481				1,625
Long-Term Net Investments in Sales-Type Leases			2,970				2,338
Total Assets		$	225,215			$	214,321
Accounts Payable		$	14,949			$	17,750
Current Maturities and Short-Term Debt			452				468
Current Lease Liabilities			388				403
Advance Billings			21,552				36,362
Other Current Liabilities			58,790				52,594
Current Liabilities		$	96,131			$	107,577
Long-Term Debt			4,746				5,265
Other Long-Term Liabilities			1,527				1,618
Lease Liabilities			703				904
Total Liabilities		$	103,107			$	115,364
Shareholders’ Investment			122,108				98,957
Total Liabilities and Shareholders’ Investment		$	225,215			$	214,321

SELECTED FINANCIAL DATA
	September 30			December 31
	2026			2025
Book Value per Common Share	$	135.97		$	110.09
Total Shares Outstanding		898,059			898,883
Backlog	$	245,594		$	243,606

CONSOLIDATED STATEMENT OF SHAREHOLDERS’ INVESTMENT
		Common Stock			Paid-in Surplus			Retained Earnings				Treasury Stock				Accumulated Other Comprehensive Income (Loss)				Total
Balance, December 31, 2025		$	1,508		$	9,708		$	129,674			$	(39,511	)		$	(2,422	)		$	98,957
Add (Deduct):
Net Income									25,377												25,377
Other Comprehensive Income, Net of Tax																	(1,010	)			(1,010	)
Dividends									(853	)											(853	)
Treasury Stock Acquisition													(363	)							(363	)
Other																					–
Balance, September 30, 2026		$	1,508		$	9,708		$	154,198			$	(39,874	)		$	(3,432	)		$	122,108

CONSOLIDATED STATEMENT OF CASH FLOWS
	Nine Months Ended September 30, 2026				Nine Months Ended September 30, 2025
Operating Activities:
Net Income	$	25,377			$	21,438
Adjustment to Reconcile Net Income to Net Cash Provided by Operating Activities:
Depreciation & Amortization		7,167				5,323
ROU Asset Amortization		36				–
Unrealized Gain on Trading Securities		(113	)			–
Interest Income		723				–
Deferred Tax Expense		–				288
Gain on Sales of Equipment		–				(42	)
Loss on Disposal of Equipment		649				647
Change in Assets and Liabilities
(Inc) in Accts and Notes Receivable		(17,269	)			(7,843	)
(Inc) in Cost in Excess of Estimated Earnings and Billings		–				(870	)
(Inc) Dec in Inventories		4,116				(5,976	)
(Inc) in Prepayments		(10,291	)			(4,752	)
(Inc) in Net Investment in Sales-Type Leases		(725	)			(754	)
Dec in Other Assets		635				2,313
(Dec) Inc in Accounts Payable		(2,649	)			(126	)
(Dec) Inc in Accrued Income Tax		(333	)			(443	)
Inc (Dec) in Other Accrued Expenses		(2,174	)			1,295
Inc (Dec) in Advance Billings		(14,762	)			12,611
Inc in Billings in Excess of Costs and Estimated Earnings		8,806				3,190
Principal payments of Lease Liability for Operating		(266	)			(251	)
Inc(Dec) in Long Term Deferred Tax Liabilities		(86	)			24
Inc (Dec) in Other Long-Term Liabilities		39				(1,739	)
Net Cash (Required) for Operating Activities	$	(1,120	)		$	24,334
Investing Activities
Purchases of Marketable Securities		(16,919	)			(26,822	)
Proceeds from Sales of Marketable Securities		33,436				22,923
Proceeds from Sales of Equipment		51				42
Additions to Property, Plant, and Equipment		(23,986	)			(21,106	)
Net Cash (Required) for Investing Activities	$	(7,418	)		$	(24,963	)
Financing Activities
Principal payments of Lease Liability for Financing		(57	)			(70	)
(Repayment) of Short-Term Borrowings, Net		(234	)			(5,186	)
Proceeds of Short-Term Borrowings, Net		234				2,136
(Repayment) of Long-Term Debt		(733	)			(2,187	)
Dividends Paid		(853	)			(774	)
Treasury Stock Acquisitions		(363	)			(1,779	)
Net Cash (Required) for Financing Activities	$	(2,006	)		$	(7,860	)
Effect of Exchange Rate Changes		(139	)			1,132
Net Decrease in Cash and Cash Equivalents	$	(10,683	)		$	(7,357	)
Cash and Cash Equivalents at Beginning of Year		29,883				21,169
Cash and Cash Equivalents at End of Quarter	$	19,200			$	13,812

PAUL MUELLER COMPANY SUMMARIZED NOTES TO THE FINANCIAL STATEMENTS (In thousands)

A. The table below depicts the net revenue on a consolidating basis for the three months ended September 30.

Three Months Ended September 30
Revenue		2026			2025			Variance
Domestic	$	77,896		$	48,950			$	28,946
Mueller BV	$	14,654		$	12,442			$	2,212
Eliminations	$	(90	)	$	(17	)		$	(73	)
Net Revenue	$	92,460		$	61,375			$	31,085

The table below depicts the net revenue on a consolidating basis for the nine months ended September 30.

Nine Months Ended September 30
Revenue		2026			2025			Variance
Domestic	$	206,282		$	157,955			$	48,327
Mueller BV	$	46,479		$	35,021			$	11,458
Eliminations	$	(111	)	$	(117	)		$	6
Net Revenue	$	252,650		$	192,859			$	59,791

The table below depicts the net revenue on a consolidating basis for the twelve months ended September 30.

Twelve Months Ended September 30
Revenue		2026			2025			Variance
Domestic	$	284,198		$	215,870			$	68,328
Mueller BV	$	62,716		$	47,903			$	14,813
Eliminations	$	(122	)	$	(440	)		$	318
Net Revenue	$	346,792		$	263,333			$	83,459

The table below depicts the net income on a consolidating basis for the three months ended September 30.

Three Months Ended September 30
Net Income		2026		2025			Variance
Domestic	$	10,637	$	4,682			$	5,955
Mueller BV	$	1,020	$	208			$	812
Eliminations	$	2	$	(9	)		$	11
Net Income	$	11,659	$	4,881			$	6,778

      
The table below depicts the net income on a consolidating basis for the nine months ended September 30.

Nine Months Ended September 30
Net Income		2026		2025			Variance
Domestic	$	21,945	$	21,032			$	913
Mueller BV	$	3,430	$	408			$	3,022
Eliminations	$	2	$	(2	)		$	4
Net Income	$	25,377	$	21,438			$	3,939

The table below depicts the net income on a consolidating basis for the twelve months ended September 30.

Twelve Months Ended September 30
Net Income		2026			2025			Variance
Domestic	$	34,009		$	31,927			$	2,082
Mueller BV	$	4,610		$	680			$	3,930
Eliminations	$	(3	)	$	(28	)		$	25
Net Income (Loss)	$	38,616		$	32,579			$	6,037

B. The backlog as of September 30, 2026 remains strong at $245.6 million compared to $250.4 million at September 30, 2025, with the majority being in Industrial Equipment. The U.S. backlog is $231.4 million at September 30, 2026 compared to $238.4 million at September 30, 2025. In the Netherlands, the backlog has increased to $14.2 million at September 30, 2026 from $12.1 million at September 30, 2025.

C. Revenue is up from the previous year by $31.1 million on a three-month basis and up $83.5 million for the trailing twelve months. Revenues in the U.S. are up $28.9 million for the three months and $68.3 million for the twelve months, with the increases primarily from the Industrial Equipment segment. In the Netherlands, revenues are up $2.2 million on a three-month basis and $14.8 million on a twelve-month basis.

Net Income is more than double the previous year for the same three-month period, increasing to $11.7 million driven by revenue increases. For the three-month period net income is up $6.8 million and is up $6.0 million for the trailing twelve months. Net Income in the U.S. is up $6.0 million for the three months and $2.1 million for the twelve months. In the Netherlands, Net Income is up $0.8 million on a three-month basis and $3.9 million on a twelve-month basis.

As a percentage of revenue, Domestic net income rose to 13.7% compared to 9.6% for the same three-month period in 2025. Domestic profitability improves as we continue the transition into the new module fabrication building. The move added critical capacity to achieve our 30.6% domestic revenue growth year-to-date. We continue to see strong profitability in our other domestic markets as well. Our Dutch subsidiary’s revenue and net income increased 17.8% and 390.4% for the quarter, respectively. Demand in European dairy farm markets remains strong, resulting in an increased backlog despite double-digit revenue growth.

We manage our business in the U.S. looking at earnings before tax (EBT) and excluding the effects of LIFO. This non-GAAP adjusted EBT (as shown in the table below) is up $8.4 million for the three months, $0.6 million for the nine months and $4.2 million for the trailing twelve months.

	Ended September 30
	Three Months					Nine Months				Twelve Months
(In Thousands)		2026		2025			2026		2025		2026		2025
Domestic Net Income	$	10,637	$	4,682		$	21,945	$	21,032	$	34,009	$	31,927
Income Tax Expense	$	3,266	$	1,411		$	6,673	$	6,331	$	10,968	$	9,092
Domestic EBT – GAAP	$	13,903	$	6,093		$	28,618	$	27,363	$	44,977	$	41,019
LIFO Adjustment	$	158	$	(438	)	$	694	$	1,314	$	285	$	(2	)
Domestic EBT – Non-GAAP	$	14,061	$	5,655		$	29,312	$	28,677	$	45,262	$	41,017

D. The consolidated financials are affected by the euro to dollar exchange rate when consolidating Mueller B.V., the Dutch subsidiary. The month-end euro to dollar exchange rate was 1.17 for September 2025, 1.17 for December 2025, and 1.13 for September 2026.

This press release contains forward-looking statements that provide current expectations of future events based on certain assumptions. All statements regarding future performance growth, conditions, or developments are forward-looking statements. Actual future results may differ materially from those described in the forward-looking statements due to a variety of factors, including, but not limited to, the factors described in the Company’s Annual Report under “Safe Harbor for Forward-Looking Statements”, which is available at paulmueller.com. The Company expressly disclaims any obligation or undertaking to update these forward-looking statements to reflect any future events or circumstances.

The accounting policies related to this report and additional management discussion and analysis are provided in the 2025 annual report, available at
www.paulmueller.com.

Press Contact: Dan Winters | Paul Mueller Company | Springfield, MO 65802 | (417) 575-9000
dwinters@paulmueller.com | https://paulmueller.com

AIKEN, South Carolina, Oct. 30, 2026 (GLOBE NEWSWIRE) — Security Federal Corporation (the “Company”) (OTCID: SFDL), the holding company for Security Federal Bank (the “Bank”), today announced earnings and financial results for the three and nine months ended September 30, 2026.

Third Quarter Financial Highlights

Net income available to common shareholders was $3.6 million, or $1.16 per common share, for the third quarter of 2026, an increase of $413,000, or 13.0% compared to the third quarter of 2025. The increase in net income was driven by higher net interest income (up $592,000, or 4.9%) and non-interest income (up $157,000, or 6.0%), which offset increased non-interest expense (up $115,000, or 1.1%) and provision for credit losses (no provision in 2026 compared to a $200,000 reversal in the third quarter of 2025).

		Quarter Ended
(Dollars in Thousands, except for Earnings per Share)		9/30/2026				9/30/2025
Total interest income		$	19,149			$	20,131
Total interest expense			6,478				8,052
Net interest income			12,671				12,079
Provision for credit losses			–				(200	)
Net interest income after provision for credit losses			12,671				12,279
Non-interest income			2,791				2,634
Non-interest expense			10,466				10,351
Income before income taxes			4,996				4,562
Provision for income taxes			994				973
Net income			4,002				3,589
Preferred stock dividends			415				415
Net income available to common shareholders		$	3,587			$	3,174
Earnings per common share (basic)		$	1.16			$	1.01

Year-to-Date (Nine Months) Comparative Financial Highlights

Net income available to common shareholders was $10.4 million, or $3.35 per common share, for the first nine months of 2026, an increase of $2.2 million, or 27.5% compared to the first nine months of 2025. The increase in net income was driven by higher net interest income (up $2.8 million, or 8.2%) and non-interest income (up $1.3 million, or 16.3%), which more than offset the increase in provision for credit losses (up $665,000) and higher non-interest expense (up $1.0 million, or 3.3%). 

	For the Nine Months Ended
(Dollars in Thousands, except for Earnings per Share)	9/30/2026				9/30/2025
Total interest income	$	56,896			$	58,813
Total interest expense		19,435				24,194
Net interest income		37,461				34,619
Provision for credit losses		465				(200	)
Net interest income after provision for credit losses		36,996				34,819
Non-interest income		8,924				7,673
Non-interest expense		31,568				30,553
Income before income taxes		14,352				11,939
Provision for income taxes		2,731				2,555
Net income		11,621				9,384
Preferred stock dividends		1,245				1,245
Net income available to common shareholders	$	10,376			$	8,139
Earnings per common share (basic)	$	3.35			$	2.57

Credit Quality

The Company recorded a $350,000 provision for credit losses on loans and a $115,000 provision for credit losses on unfunded commitments, resulting in a total provision for credit losses of $465,000 for the first nine months of 2026 compared to a $317,000 reversal of provision for credit losses on loans and a $117,000 provision for credit losses on unfunded commitments, resulting in a $200,000 net reversal in the provision for credit losses for the first nine months of 2025. The following table shows the non-performing assets and allowance for credit losses balances at the periods indicated.

At Period End (dollars in thousands):	9/30/2026			12/31/2025			9/30/2025
Non-performing assets	$	5,339		$	5,842		$	5,669
Non-performing assets to total assets		0.33	%		0.36	%		0.35	%
Allowance for credit losses	$	13,597		$	13,529		$	13,603
Allowance for credit losses to gross loans		1.96	%		1.97	%		1.97	%

Balance Sheet Highlights and Capital Ratios

Dollars in thousands (except per share amounts)	9/30/2026			12/31/2025			9/30/2025
Total assets	$	1,624,945		$	1,618,084		$	1,612,017
Cash and cash equivalents		110,342			75,335			51,805
Total loans receivable, net		681,588			676,182			678,114
Investment securities		739,026			776,285			789,261
Deposits		1,385,140			1,371,777			1,365,470
Borrowings		26,683			35,262			39,044
Total shareholders’ equity		200,031			200,455			194,791
Common shareholders’ equity		117,082			117,506			111,842
Common equity book value per share	$	37.94		$	37.74		$	35.80
Total risk based capital to risk weighted assets (1)		21.56	%		20.56	%		19.93	%
CET1 capital to risk weighted assets (1)		20.31	%		19.30	%		18.67	%
Tier 1 leverage capital ratio (1)		11.04	%		10.18	%		10.14	%
(1) – Ratio is calculated using Bank only information and not consolidated information

The Company announced that its Board of Directors has authorized the repurchase of up to 124,035 shares of the Company’s outstanding common stock under its current repurchase program at such prices as may be determined by the Company’s management.

Security Federal has 19 full-service branches located in Aiken, Ballentine, Clearwater, Columbia, Graniteville, Langley, Lexington, North Augusta, Ridge Spring, Wagener and West Columbia, South Carolina and Augusta and Evans, Georgia. A full range of financial services, including trust and investments, are provided by the Bank and insurance services are provided by the Bank’s wholly owned subsidiary, Security Federal Insurance, Inc.

CONTACT: For additional information contact Nathan Crowe, Chief Financial Officer, at (803) 641-3000.

LOS ANGELES, Oct. 30, 2026 (GLOBE NEWSWIRE) — Taitron Components Incorporated (OTCID:TAIT) today announced that its Board of Directors has declared a quarterly cash dividend of $0.04 per common share. The dividend is payable on November 25, 2026 to shareholders of record as of the close of business on November 13, 2026. Under its current dividend policy, the Company will target a cash dividend to our shareholders in the amount of $0.16 per share per annum, payable in equal $0.04 per share quarterly installments.

Subsequent dividend declarations and the establishment of record and payment dates for such future dividend payments, if any, are subject to the Board of Directors’ continuing determination that the dividend policy is in the best interests of the Company’s shareholders. The dividend policy may be suspended or cancelled at the discretion of the Board of Directors at any time.

About Taitron Components

Taitron, based in Valencia, California, is the “Discrete Components Superstore”. The Company distributes a wide variety of transistors, diodes and other discrete semiconductors, optoelectronic devices and passive components to electronic distributors, contract electronics manufacturers (CEMs) and original equipment manufacturers (OEMs), who incorporate them into their products. In addition, Taitron provides value-added engineering and turn-key services for our existing OEM and CEM customers and provides them with original design and manufacturing services for their multi-year turnkey projects.

CONTACTS:

Taitron Components Incorporated

Stewart Wang – T: 661-257-6060

VANCOUVER, British Columbia, Oct. 30, 2026 (GLOBE NEWSWIRE) — Asante Gold Corporation (TSXV: ASE | GSE: ASG | OTCQX: ASGOF) (“Asante” or the “Company”) announces that its senior lenders under its Senior Facilities Agreement and Mezzanine Facility Agreement, its stream purchaser and its hedge counterparty have provided additional waivers in relation to the Company’s financing arrangements.

As previously disclosed, Asante was required to secure aggregate new funding of at least US$100 million (the “Funding”) by October 31, 2026 (refer to news releases dated August 24, 2026 and September 30, 2026). The lenders, stream purchaser and hedge counterparty have agreed to extend the waiver arrangements for completion of the Funding to November 30, 2026. The Company is evaluating a number of funding alternatives with its financing partners to secure and optimize the Funding by November 30, 2026.

As previously disclosed, the Company continues to work with its lenders, stream purchaser and other financing partners as it advances its longer term financing solution.

Asante will continue to update the market as appropriate.

CONTACT INFORMATION

Camilla Golding – Investor Relations Manager
investor@asantegold.com
+1 604 661 9400 or +233 303 972 147

ABOUT ASANTE GOLD CORPORATION

Asante Gold Corporation is a growing mid-tier gold producer, developer and explorer with a high-quality portfolio of assets located on two of West Africa’s most prolific and prospective gold belts in Ghana. The Company operates the Bibiani and Chirano Gold Mines on the Sefwi-Bibiani Gold Belt in Ghana’s Western North Region, where it holds an extensive and underexplored land position spanning more than 80 kilometres of strike. Asante is also advancing its Kubi Gold Project on the Ashanti Gold Belt, extending the Company’s footprint across Ghana’s most productive gold corridor. Committed to responsible mining and the creation of lasting value for its shareholders, people and host communities, Asante is listed on the TSX Venture Exchange, the Ghana Stock Exchange, and the OTCQX Market in the United States. Additional information is available on the Company’s website at www.asantegold.com.

Figure 1: Asante Portfolio, Ghana

About The Bibiani Gold Mine

Bibiani is an operating open pit gold mine situated in the Western North Region of Ghana, with historical gold production of more than 5 million ounces. The mine is fully permitted with mining and processing infrastructure on-site, including a refurbished process plant and associated mining infrastructure. Asante commenced mining at Bibiani in late February 2022, with commercial production announced on November 10, 2022.

About The Chirano Gold Mine

Chirano is an operating open pit and underground mine located in the Western Region of Ghana. The mine was first explored and developed in 1996 and began production in October 2005. Chirano comprises multiple open pit and underground operations and has produced over 3 million ounces of gold. Asante acquired the Chirano operation in August 2022.

Cautionary Statement of Forward-Looking Statements

Certain statements in this news release constitute forward-looking statements or forward-looking information. All statements, other than statements of historical fact, are forward-looking statements or information.  Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. The reader is referred to the risk factors identified in the Company’s management’s discussions and analysis and the most recent annual information form and the Company’s public disclosure record which is available on SEDAR+ (www.sedarplus.ca). Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except as required by securities laws and the policies of the securities exchanges on which the Company is listed, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

LEI Number: 529900F9PV1G9S5YD446. Neither CIRO nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8ded4548-b248-4277-b728-bfe1d15dfdf3

MALVERN, Pa., Oct. 30, 2026 (GLOBE NEWSWIRE) — Annovis Bio, Inc. (NYSE: ANVS) (“Annovis” or the “Company”), a Phase 3 clinical-stage biotechnology company developing the investigational oral therapy, buntanetap, for neurodegenerative diseases such as Alzheimer’s disease (AD) and Parkinson’s disease (PD), today announced that on October 29, 2026, it received notice (the “Notice”) from the New York Stock Exchange (NYSE) that it is no longer in compliance with the NYSE continued listing standards set forth in Section 802.01B of the NYSE’s Listed Company Manual due to the fact that the Company’s average market capitalization over a consecutive 30 trading-day period was less than $50 million while its stockholders’ equity was less than $50 million.

The Notice does not affect the Company’s business operations or its reporting obligations with the Securities and Exchange Commission, and it does not conflict with or cause an event of default under any of the Company’s material debt or other agreements.

As set forth in the Notice, as of October 28, 2026, the 30 trading-day average market capitalization of the Company was approximately $48.4 million and the Company’s last reported stockholders’ deficit as of June 30, 2026 was approximately $(4.3) million.

The Company has notified the NYSE that it will submit a plan within 45 days of the Notice advising the NYSE of definitive action it has taken, or is taking, to bring it into conformity with Section 802.01B within 9 months of receipt of the Notice. The NYSE will review the Company’s plan and, within 45 days, make a determination as to whether the Company has made a reasonable demonstration of its ability to come into conformity with Section 802.01B within 9 months. If the Company’s plan is not submitted on a timely basis or is not accepted, the NYSE will initiate delisting proceedings. If the NYSE accepts the Company’s plan, the Company’s common stock will continue to be listed and traded on the NYSE during the cure period, subject to the Company’s compliance with the plan and other continued listing standards. The NYSE will review the Company on a semi-annual basis to confirm compliance with the plan. If the Company fails to comply with the plan or does not meet continued listing standards at the end of the 9-month cure period, it will be subject to the prompt initiation of NYSE suspension and delisting procedures. The NYSE may take accelerated delisting action in the event the Company’s common stock trades at levels viewed to be abnormally low. The NYSE generally views trading below a price of $0.10 to be abnormally low.

The Notice has no immediate impact on the listing of the Company’s common stock, which will continue to be “ANVS”, subject to the Company’s continued compliance with the plan and other listing requirements of the NYSE. However, the common stock trading symbol will have an added designation of “.BC” to indicate that the status of the common stock is below criteria with the NYSE continued listing standards. The “.BC” indicator will be removed at such time as the Company regains compliance.

Cautionary Note Regarding Forward-Looking Statements

This press release contains, and oral statements made from time to time by our representatives may contain, “forward-looking statements.” Forward-looking statements include statements identified by words such as “could,” “may,” “might,” “will,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “projects” and similar references to future periods, or by the inclusion of forecasts or projections. Forward-looking statements are based on our current expectations and assumptions regarding capital market conditions, our business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the Company’s ability to develop a plan to regain compliance with the continued listing criteria of the NYSE; the NYSE’s acceptance of such plan; the Company’s ability to execute such plan and to continue to comply with applicable listing standards within the available cure period; risks arising from the potential suspension of trading of the Company’s common stock on the NYSE; regional, national or global political, economic, business, competitive, market and regulatory conditions, and other factors set forth under “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025. Any forward-looking statement made in this report speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

About Annovis Bio

Headquartered in Malvern, Pennsylvania, Annovis Bio, Inc. (NYSE: ANVS) is a Phase 3 clinical-stage biotechnology company developing treatments for neurodegenerative diseases such as Alzheimer’s disease (AD) and Parkinson’s disease (PD). The Company’s lead drug candidate, buntanetap (formerly posiphen), is an investigational once-daily oral therapy that inhibits the translation of multiple neurotoxic proteins, including APP and amyloid beta, tau, alpha-synuclein, and TDP-43, through a specific RNA-targeting mechanism of action. By addressing the underlying causes of neurodegeneration, Annovis aims to halt disease progression and improve cognitive and motor functions in patients. For more information, visit www.annovisbio.com and follow us on LinkedIn, YouTube, and X.

Contact Information:
Annovis Bio Inc.
101 Lindenwood Drive
Suite 225
Malvern, PA 19355
www.annovisbio.com

Investor Contact:
Alexander Morin, Ph.D.
Director, Strategic Communications
Annovis Bio
ir@annovisbio.com

VANCOUVER, British Columbia, Oct. 30, 2026 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX: ORE | ASX: ORE | OTCQX: ORZCF) (the “Company” or “Orezone”) is pleased to announce that it has filed the technical report supporting the Casa Berardi updated Life-of-Mine Plan, previously announced by the Company on September 15, 2026 (the “News Release”).

The technical report titled “Updated Life-of-Mine Plan, Casa Berardi Mine, Northwestern Quebec, Canada, NI 43-101 Technical Report, Preliminary Economic Assessment” (the “Technical Report”) was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has an effective date of June 30, 2026. The Technical Report is available under the Company’s profile on SEDAR+ and on the Company’s website.

There are no material differences between the Technical Report and the results disclosed in the News Release.

ABOUT OREZONE GOLD CORPORATION 

Orezone Gold is an emerging intermediate gold producer with operations in Canada and West Africa. Its Casa Berardi and Bomboré gold mines host significant mineral endowments, growth opportunities, and exploration upside. The recently acquired Casa Berardi mine in Quebec has produced over 3.2 million oz of gold to-date while the Bomboré mine was constructed and brought into production by Orezone in late 2022.

Orezone is led by an experienced management team committed to safe, sustainable, and responsible mining practices, with a focus on delivering long-term value for all stakeholders.

CONTACT INFORMATION

Patrick Downey
President and Chief Executive Officer

Amanda Mallough
Vice President, Investor Relations
Tel: 1 778 945 8977 
info@orezone.com / www.orezone.com

For further information please contact Orezone at +1 (778) 945–8977 or visit the Company’s website at www.orezone.com. 

The Toronto Stock Exchange neither approves nor disapproves the information contained in this news release.

Qualified Persons

The Technical Report was prepared for the Company by Rob Henderson, P.Eng., Vice President, Technical Services of Orezone and Alexandre Nickerson, P.Eng., Geology Superintendent of Orezone Quebec Inc., each of whom is a “Qualified Person” as defined under NI 43-101. Mr. Henderson and Mr. Nickerson have reviewed and approved the scientific and technical information contained in this news release. Neither Mr. Henderson nor Mr. Nickerson is independent of the Company within the meaning of NI 43-101.

Cautionary Note Regarding Forward-Looking Information and Preliminary Economic Assessment

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes statements regarding the Company’s plans for the Casa Berardi Mine, anticipated production and economic performance outlined in the Technical Report, and the Company’s future plans and objectives. These statements reflect management’s current expectations and assumptions and are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied.

The preliminary economic assessment is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves. There is no certainty that the preliminary economic assessment will be realized. Mineral Resources that are not Mineral Reserves have no demonstrated economic viability.

Although the Company believes that the assumptions and expectations reflected in the forward-looking information are reasonable, there can be no assurance that such statements will prove to be accurate. Readers are cautioned not to place undue reliance on such statements. Statements regarding forward-looking information are made as of the date of this news release, and the Company disclaims any obligation to update or revise them to reflect new events or circumstances, except as required by applicable law.

This press release was published by a CLEAR® Verified individual.

HONG KONG, Oct. 30, 2026 (GLOBE NEWSWIRE) — 3 E Network Technology Group Limited (Nasdaq: MASK) (the “Company” or “3e Network”), a business-to-business (“B2B”) information technology (“IT”) business solutions provider, received a written determination letter (the “Staff Determination”) from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) on October 27, 2026, notifying the Company that the Staff has determined to delist the Company’s Class A ordinary shares from The Nasdaq Capital Market unless the Company timely requests a hearing before an independent Hearings Panel (the “Panel”).

The Staff Determination was issued pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iv) on the following grounds: (i) the closing bid price of the Company’s Class A ordinary shares was below $1.00 per share for the 30 consecutive business days from September 15, 2026 through October 26, 2026, and therefore the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of at least $1.00 per share for continued listing (the “Minimum Bid Price Requirement”); and (ii) the Company is not eligible for any compliance period specified in Nasdaq Listing Rule 5810(c)(3)(A) because it effected a one-for-twenty-five (1-for-25) reverse share split on March 16, 2026, within the prior one-year period.

The Company intends to timely request a hearing before the Panel to appeal the Staff Determination by November 3, 2026. As stated in the Staff Determination, a timely hearing request will stay the suspension of trading in the Company’s securities and the filing of Form 25-NSE pending the Panel’s decision. During that period, the Company’s Class A ordinary shares will continue to trade on The Nasdaq Capital Market under the symbol “MASK.”

The Company is actively evaluating measures to regain compliance with the Minimum Bid Price Requirement, including potential capital markets transactions, financing activities and further share consolidations. The Company will provide further disclosure regarding its hearing and compliance plan as appropriate.

About 3 E Network Technology Group Limited
3 E Network Technology Group Limited is a business-to-business (“B2B”) information technology (“IT”) business solutions provider, committed to becoming a next-generation artificial intelligence (“AI”) infrastructure solutions provider. It upholds the industry consensus of “AI and energy symbiosis” and has excellent vision in the field of energy investment. The Company’s business comprises two main portfolios: the data center operation services portfolio and the software development portfolio. For more information, please visit the Company’s website at https://3emask.com/.

Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

3 E Network Technology Group Limited
Investor Relations Department
Email: ird@3emask.com
Website: https://3emask.com/

Company and C2 Live Intend to Continue Dialogue; Creatd to Focus on National Exchange Uplisting and Balance Sheet Strength

NEW YORK, Oct. 30, 2026 (GLOBE NEWSWIRE) — Creatd, Inc. (OTCQB: CRTD) today announced that its letter of intent to acquire the remaining equity of C2 Capital Group, Inc., operator of C2 Live, expired without consummation of the transaction.

The proposed transaction followed Creatd’s previously announced 10% investment in C2 Live. Creatd continues to hold its investment in C2 Live, and the parties expect to continue their dialogue; however, there can be no assurance that any transaction between the parties will be agreed or completed. The expiration of the letter of intent does not change Creatd’s broader strategic priorities.

Creatd intends to continue to focus on pursuing an uplisting to a national securities exchange, strengthening its balance sheet and stockholders’ equity, evaluating potential acquisitions of complementary, cash-flow-positive businesses, and exploring strategic alternatives for certain existing assets. There can be no assurance that the Company will satisfy applicable listing standards or that any acquisition, sale or other transaction will be pursued or completed.

About Creatd, Inc.

Creatd, Inc. (OTCQB: CRTD) is a company focused on technology-enabled businesses, digital media properties, and intellectual property assets. Through its operating subsidiaries and strategic investments, the Company develops and supports opportunities for creators, entrepreneurs, and emerging growth initiatives.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding continued discussions with C2 Live, a potential uplisting to a national securities exchange, potential acquisitions or dispositions of assets, including Vocal, and the Company’s business strategy. Forward-looking statements are based on current expectations, estimates, and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including the Company’s ability to meet initial listing requirements, obtain financing, identify and complete transactions on acceptable terms, and the other risks described under “Risk Factors” in the Company’s Registration Statement on Form S-1, as amended, and the related prospectus filed with the Securities and Exchange Commission, and in the Company’s subsequent filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. Creatd undertakes no obligation to update or revise any forward-looking statements except as required by applicable law.

Contact:

ir@creatd.com

DALLAS, Oct. 30, 2026 (GLOBE NEWSWIRE) — United States Lime & Minerals, Inc. (NASDAQ: USLM) today reported third quarter 2026 results: The Company’s revenues in the third quarter 2026 were $106.2 million, compared to $102.0 million in the third quarter 2025, an increase of $4.2 million, or 4.1%. For the first nine months 2026, the Company’s revenues were $293.1 million, compared to $284.8 million in the first nine months 2025, an increase of $8.4 million, or 2.9%. The increase in revenues in the third quarter 2026, compared to the third quarter 2025, resulted primarily from modest increases in both average sales prices and sales volumes. Increased sales volumes were principally due to increased demand from the Company’s steel customers, partially offset by reduced demand from the Company’s construction customers. The increase in revenues in the first nine months 2026, compared to the first nine months 2025, resulted primarily from modest increases in both average sales prices and sales volumes. Increased sales volumes were principally due to increased demand from the Company’s steel customers, partially offset by reduced demand from the Company’s roof shingle customers.

The Company’s gross profit was $50.8 million in the third quarter 2026, compared to $52.2 million in the third quarter 2025, a decrease of $1.4 million, or 2.7%. The Company’s gross profit was $139.2 million in the first nine months 2026, compared to $140.2 million in the first nine months 2025, a decrease of $1.0 million, or 0.7%. The decreases in gross profit in the third quarter and first nine months 2026, compared to the comparable 2025 periods, resulted primarily from higher transportation and fuel costs, driven principally by higher diesel costs, and production inefficiencies experienced during the integration of our new Texas kiln into our existing plant operations.

Selling, general and administrative (“SG&A”) expenses were $6.1 million in the third quarter 2026, compared to $5.9 million in the third quarter 2025, an increase of $0.1 million, or 2.3%. SG&A expenses were $18.1 million in the first nine months 2026, compared to $18.4 million in the first nine months 2025, a decrease of $0.3 million, or 1.5%.

Other (income) expense, net was $3.8 million and $10.4 million income in the third quarter and first nine months 2026, compared to $3.4 million and $9.6 million income in the third quarter and first nine months 2025, increases of $0.4 million and $0.8 million, respectively. The increases in other (income) expense, net for the third quarter and first nine months 2026, compared to the comparable 2025 periods, were primarily due to interest earned on higher average balances of cash and cash equivalents.

The Company reported net income of $38.0 million ($1.32 per share diluted) and $103.1 million ($3.58 per share diluted) in the third quarter and first nine months 2026, compared to $38.8 million ($1.35 per share diluted) and $103.7 million ($3.61 per share diluted) in the third quarter and first nine months 2025, decreases of $0.7 million, or 1.9%, and $0.6 million, or 0.6%, respectively.

“We saw modest increases in both volumes and sales prices for our lime and limestone products in the third quarter 2026, while our expenses reflected the impact of the sharp rise in diesel prices,” said Timothy W. Byrne, President and Chief Executive Officer. “Although we remain optimistic regarding overall construction demand in the future, certain large construction projects have recently experienced delays for various reasons, including securing permits, and we are monitoring indications that Texas’ residential construction is beginning to slow down. The new kiln at our Texas facility began intermittently producing quicklime in the third quarter, and we expect to have final commissioning completed in the fourth quarter. To that end, our costs in Texas have been impacted by production inefficiencies as we continue to integrate the new kiln into our existing plant operations,” Mr. Byrne added.

Dividend

The Company announced today that the Board of Directors has declared a regular quarterly cash dividend of $0.06 per share on the Company’s common stock. This dividend is payable on December 11, 2026 to stockholders of record at the close of business on November 20, 2026.

United States Lime & Minerals, Inc., a NASDAQ-listed public company with headquarters in Dallas, Texas, is a manufacturer of lime and limestone products, supplying primarily the construction (including highway, road, and building contractors), industrial (including paper and glass manufacturers), environmental (including municipal sanitation and water treatment facilities and flue gas treatment processes), metals (including steel producers), roof shingle manufacturers, agriculture (including poultry producers), and oil and gas services industries. The Company operates lime and limestone plants and distribution facilities in Arkansas, Colorado, Louisiana, Missouri, Oklahoma, and Texas through its wholly owned subsidiaries, Arkansas Lime Company, ART Quarry TRS LLC (DBA Carthage Crushed Limestone), Colorado Lime Company, Mill Creek Dolomite, LLC, Texas Lime Company, U.S. Lime Company, U.S. Lime Company-Shreveport, U.S. Lime Company-St. Clair, and U.S. Lime Company-Transportation. In addition, the Company, through its wholly owned subsidiary, U.S. Lime Company-O & G, LLC, has royalty and non-operated working interests in natural gas wells located in Johnson County, Texas, in the Barnett Shale Formation.

Any statements contained in this News Release, including, but not limited to, statements relating to demand, costs, production, and the new Texas kiln, that are not statements of historical fact are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The Company undertakes no obligation to publicly update or revise any forward-looking statements, and investors are cautioned that such statements involve risks and uncertainties that could cause actual results to differ materially from expectations, including without limitation those risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission.

Contact: Timothy W. Byrne
(972) 991-8400

(Tables Follow)

United States Lime & Minerals, Inc. CONDENSED CONSOLIDATED FINANCIAL DATA (In thousands, except per share amounts) (Unaudited)
	Three Months Ended								Nine Months Ended
	September 30,								September 30,
	2026				2025				2026				2025
INCOME STATEMENTS
Revenues	$	106,188			$	102,016			$	293,147			$	284,787
Cost of revenues		55,420				49,827				153,905				144,564
Gross profit	$	50,768			$	52,189			$	139,242			$	140,223
Selling, general and administrative expenses		6,066				5,927				18,102				18,378
Operating profit	$	44,702			$	46,262			$	121,140			$	121,845
Other (income) expense, net		(3,800	)			(3,416	)			(10,403	)			(9,605	)
Income tax expense		10,460				10,896				28,409				27,724
Net income	$	38,042			$	38,782			$	103,134			$	103,726
Income per share of common stock:
Basic	$	1.33			$	1.35			$	3.60			$	3.62
Diluted	$	1.32			$	1.35			$	3.58			$	3.61
Weighted-average shares outstanding:
Basic		28,689				28,639				28,682				28,633
Diluted		28,778				28,738				28,775				28,730
Cash dividends per share of common stock	$	0.06			$	0.06			$	0.18			$	0.18
									September 30,				December 31,
									2026				2025
BALANCE SHEETS
Assets:
Current assets									$	543,338			$	455,316
Property, plant and equipment, net										250,574				221,421
Other non-current assets										4,517				4,307
Total assets									$	798,429			$	681,044
Liabilities and Stockholders’ Equity:
Current liabilities									$	24,376			$	23,632
Deferred tax liabilities, net										36,494				22,999
Other long-term liabilities										3,726				3,653
Stockholders’ equity										733,833				630,760
Total liabilities and stockholders’ equity									$	798,429			$	681,044

JEFFERSON CITY, Mo., Oct. 30, 2026 (GLOBE NEWSWIRE) — Hawthorn Bancshares, Inc. (NASDAQ: HWBK), (the “Company”), the bank holding company for Hawthorn Bank, reported third quarter 2026 net income of $7.1 million, or earnings per diluted share (“EPS”) of $1.01.

Third Quarter 2026 Results

• Net income improved $0.9 million, or 15.2%, to $7.1 million from the third quarter 2025 (the “prior year quarter”). Adjusted net income^(a) for the third quarter 2026 was $8.6 million. The efficiency ratio was 65.00% compared to 62.30% for the prior year quarter. The adjusted efficiency ratio^(a) for the third quarter 2026 was 55.64%.
• EPS of $1.01, an improvement of $0.13 per share, or 15%, from the prior year quarter. Adjusted EPS^(a) for the third quarter 2026 was $1.23, an increase of 38.2% over the prior year quarter.
• Net interest margin, fully taxable equivalent (“FTE”) improved in the third quarter 2026 to 4.41% compared to 4.16% for the second quarter 2026 (the “prior quarter”) and 3.97% for the prior year quarter
• Provision for credit losses was $0.1 million higher than the prior quarter
• Return on average assets and equity of 1.48% and 14.91%, respectively. Adjusted return on average assets^(a) and equity^(a) of 1.80% and 18.17%, respectively.
• Loans increased $273.8 million, or 19.3%, and deposits increased $302.8 million, or 20.3%, compared to the prior quarter, mainly due to acquisition of FSC Bancshares, Inc.
• Investments increased $41.7 million, or 17.7%, compared to the prior quarter, mainly due to acquisition of FSC Bancshares, Inc.
• Credit quality remained stable with non-performing assets to total loans of 0.59% compared to 0.48% in the prior year quarter
• Remained “well capitalized” with total risk-based capital of 14.29%
• Book value per share was $27.29, an increase of $0.79, or 3.0%, compared to the prior quarter and $3.53, or 14.9%, compared to the prior year quarter. Tangible book value per common share^(a) was $23.58 for the third quarter 2026.

(a)	Represents a non-GAAP financial measure. See the “Non-GAAP Financial Measures” section for a reconciliation of this measure

(unaudited)
$000, except per share data

	September 30,			June 30,			September 30,
		2026			2026			2025
Balance sheet information
Total assets	$	2,141,080		$	1,773,040		$	1,932,105
Loans held for investment		1,690,134			1,416,360			1,514,002
Investment securities		277,904			236,171			226,017
Deposits		1,790,950			1,488,189			1,525,917
Total stockholders’ equity		191,040			182,794			164,938
Market and per share data
Book value per share	$	27.29		$	26.50		$	23.76
Tangible book value per share (a)		23.58			26.51			23.88
Market price per share		38.02			39.30			31.04
Diluted earnings per share (QTR)		1.01			1.06			0.88
Adjusted diluted earnings per share (QTR) (a)		1.23			1.12			0.88

(a)	Represents a non-GAAP financial measure. See the “Non-GAAP Financial Measures” section for a reconciliation of this measure

Financial Results for the Third Quarter 2026
Earnings

Net income for the third quarter 2026 was $7.1 million, a decrease of $0.26 million, or 3.6%, from the prior quarter, and an increase of $0.9 million, or 15.2%, from the prior year quarter. Diluted EPS decreased to $1.01 for the third quarter 2026 compared to $1.06 for the prior quarter and $0.88 for the prior year quarter.

Net Interest Income and Net Interest Margin

Net interest income for the third quarter 2026 was $19.3 million, an increase of $2.0 million from the prior quarter, and an increase of $2.4 million from the prior year quarter.

Interest income increased $1.8 million compared to the prior year quarter, driven primarily by higher rates on earning assets in the current quarter, while interest expense decreased $0.7 million compared to the prior year quarter due to lower costs on deposits. Net interest margin, on an FTE basis, was 4.41% for the current quarter, compared to 4.16% for the prior quarter, and 3.97% for the prior year quarter.

The yield earned on average loans held for investment increased to 6.42%, on an FTE basis, for the third quarter 2026, compared to 6.18% for the prior quarter and 6.12% for the prior year quarter.

The average cost of deposits was 2.13% for the third quarter 2026, compared to 2.13% for the prior quarter and 2.36% for the prior year quarter. Non-interest bearing demand deposits as a percent of total deposits was 26.6% as of September 30, 2026, compared to 28.0% and 27.8% at June 30, 2026 and September 30, 2025, respectively.

Non-interest Income

Total non-interest income for the third quarter 2026 was $3.7 million, a decrease of $1.7 million, or 31.1%, from the prior quarter, and no change from the prior year quarter. The decrease during the quarter was primarily due the recognition of a gain on the sale of a bank administrative office that was no longer being used in the prior quarter that did not recur during the third quarter 2026.  

Non-interest Expense

Total non-interest expense for the third quarter 2026 was $14.9 million, an increase of $1.2 million, or 8.7%, from the prior quarter, and an increase of $2.1 million, or 16.6%, from the prior year quarter.

The third quarter 2026 efficiency ratio was 65.00% compared to 60.73% and 62.30% for the prior quarter and prior year quarter, respectively. The improvement in the current quarter compared to the prior year quarter was primarily due to higher net interest margin and an increase in non-interest income.

Acquisition related expenses for the third quarter 2026 was $2.0 million, an increase of $1.4 million, or 251.2%, from the prior quarter. No acquisition related expenses were paid in the prior year quarter.

Income Taxes

Total income tax provision expense for the third quarter 2026 was $0.8 million, a decrease of $0.8 million, or 51.1%, from the prior quarter, and a decrease of $0.6 million, or 42.2%, from the prior year quarter, reflecting an effective tax rate of 10.0%, 17.96%,and 18.1%, respectively. The decrease in the effective tax rate during the third quarter 2026 was due to the utilization of federal income tax credits purchased at a discount which reduced tax expense during the quarter.

Loans

Loans held for investment increased $273.8 million, or 19.3%, to $1.69 billion as of September 30, 2026 compared to June 30, 2026, and increased $176.1 million, or 11.6% from September 30, 2025. The increases are mainly attributed to the acquisition of FSC Bancshares, Inc.

Investments

Investments increased $41.7 million, or 17.7%, to $277.9 million as of September 30, 2026 compared to June 30, 2026, and increased $51.9 million, or 23.0%, from September 30, 2025. The increases are mainly attributed to the acquisition of FSC Bancshares, Inc.

Asset Quality

Non-performing assets to total loans was 0.59% at September 30, 2026, 0.53% at June 30, 2026, and 0.48% at September 30, 2025. Non-performing assets totaled $9.9 million at September 30, 2026, compared to $7.5 million and $7.3 million at June 30, 2026 and September 30, 2025, respectively. The increase in the current year quarter compared to the prior year quarter was due to an increase in non-accrual loans within the commercial loan segment.

In the third quarter 2026, the Company had net loan charge-offs of $0.07 million, or 0.02% annualized, of average loans, compared to net loan charge-offs of $0.14 million, or 0.04% of average loans, and $0.04 million, or 0.01% annualized, of average loans, in the prior quarter and prior year quarter, respectively.

The Company provided a provision for credit losses of $0.3 million for the third quarter 2026 compared to providing a $0.2 million provision in the prior quarter, and providing a $0.4 million provision for the prior year quarter.

The allowance for credit losses at September 30, 2026 was $24.4 million, or 1.45% of outstanding loans, and 248.71% of non-performing loans. At June 30, 2026, the allowance for credit losses was $20.7 million, or 1.46% of outstanding loans, and 311.50% of non-performing loans. At September 30, 2025, the allowance for credit losses was $21.9 million, or 1.45% of outstanding loans, and 446.02% of non-performing loans. The allowance for credit losses represents management’s best estimate of expected losses inherent in the loan portfolio and is commensurate with risks in the loan portfolio as of September 30, 2026 as determined by management. The increase in the current quarter is largely driven by the Day 1 allowance for credit losses recorded in conjunction with the acquisition of FSC Bancshares, Inc.

Deposits

Total deposits at September 30, 2026 were $1.79 billion, an increase of $302.8 million, or 20.3%, from June 30, 2026, and an increase of $265.0 million, or 17.4% annualized, from September 30, 2025. The increases were mainly attributed to the acquisition of FSC Bancshares, Inc.

Capital

The Company maintains its “well capitalized” regulatory capital position. At September 30, 2026, capital ratios were as follows: total risk-based capital to risk-weighted assets 14.29%; tier 1 capital to risk-weighted assets 13.04%; common equity tier 1 10.15%; tier 1 leverage 12.59%; and common equity to assets 8.92%.

Pursuant to the Company’s Repurchase Plan, management is given discretion to determine the number and pricing of the shares to be purchased under the plan, as well as the timing of any such purchases. The Board of Directors amended the plan on July 29, 2026 to increase the authorized repurchase limit to $10 million. The Company repurchased 12,000 common shares under the repurchase plan during the first nine months of 2026 at an average cost of $32.68 per share totaling $0.4 million. As of September 30, 2026, $10.0 million remains available for share repurchases pursuant to the plan.

 On October 30, 2026, the Company’s Board of Directors approved a quarterly cash dividend of $0.21 per common share, payable January 1, 2027 to shareholders of record at the close of business on December 15, 2026.

Merger with FSC Bancshares, Inc.

On September 3, 2026, the Company completed its acquisition of FSC Bancshares, Inc. and its wholly owned subsidiary, Farmers State Bank (collectively, “FSC”) whereby FSC Bancshares, Inc. was merged with and into Hawthorn Bancshares, Inc. and Farmers State Bank was merged with and into Hawthorn Bank. Pursuant to the merger agreement executed on April 29, 2026, the Company paid $17.0 million of cash consideration and issued 413,042 shares of Company stock. The Company and the Bank assumed all of the assets and liabilities of the FSC entities with which they merged by operation of law. The acquisition added 9 full-service branch locations located in northern Missouri.

Farmers State Bank’s results of operations were included in Hawthorn’s consolidated results of operations beginning September 3, 2026. Hawthorn will operate Farmers State Bank as a separate division of Hawthorn Bank until it is merges with and into Hawthorn Bank, which is expected to occur in March 2027.

[Tables follow]

FINANCIAL SUMMARY
(unaudited)
$000, except per share data

	Three Months Ended
	September 30,			June 30,			September 30,
Statement of income information:		2026			2026			2025
Total interest income	$	26,774		$	24,352		$	25,003
Total interest expense		7,484			7,094			8,138
Net interest income		19,290			17,258			16,865
Provision for credit losses		300			238			375
Non-interest income		3,704			5,377			3,716
Investment securities gains net		98			280			105
Non-interest expense		14,945			13,747			12,821
Pre-tax income		7,847			8,930			7,490
Income taxes		785			1,604			1,358
Net income	$	7,062		$	7,326		$	6,132
Earnings per share:
Basic:	$	1.01		$	1.06		$	0.89
Adjusted basic (a):	$	1.23		$	1.13		$	0.89
Diluted:	$	1.01		$	1.06		$	0.88
Adjusted diluted (a):	$	1.23		$	1.12		$	0.88
				Nine Months Ended
				September 30,
Statement of income information:					2026			2025
Total interest income				$	75,519		$	72,372
Total interest expense					21,869			24,072
Net interest income					53,650			48,300
Provision for (release of) credit losses					611			(16	)
Non-interest income					12,180			10,725
Investment securities gains net					383			102
Non-interest expense					41,693			37,589
Pre-tax income					23,909			21,554
Income taxes					3,778			3,938
Net income				$	20,131		$	17,616
Earnings per share:
Basic:				$	2.90		$	2.54
Adjusted basic (a):				$	3.20		$	2.54
Diluted:				$	2.90		$	2.53
Adjusted diluted (a):				$	3.20		$	2.53

(a)	Represents a non-GAAP financial measure. See the “Non-GAAP Financial Measures” section for a reconciliation of this measure

FINANCIAL SUMMARY (continued)
(unaudited)
$000

	As of or for the three months ended
	September 30,				June 30,				September 30,
		2026				2026				2025
Performance Ratios
Return on average assets		1.48	%			1.63	%			1.33	%
Adjusted return on average assets (c)		1.80				1.73				1.33
Return on average common equity		14.91				16.39				15.21
Adjusted return on average common equity (c)		18.17				17.38				15.21
Return on average tangible common equity (c)		17.30				16.39				15.21
Adjusted return on average tangible common equity (c)		21.09				17.38				15.21
Net interest margin (FTE)		4.41				4.16				3.97
Efficiency ratio		65.00				60.73				62.30
Adjusted efficiency ratio (c)		55.64				58.27				62.30
Asset Quality Ratios
Non-performing loans (a)	$	9,828			$	6,655			$	4,911
Non-performing assets		9,929				7,500				7,336
Net charge-offs		67				138				41
Net charge-offs to average loans (b)		0.02	%			0.04	%			0.01	%
Allowance for credit losses to total loans		1.45				1.46				1.45
Non-performing loans to total loans		0.58				0.47				0.32
Non-performing assets to loans		0.59				0.53				0.48
Non-performing assets to total assets		0.46				0.42				0.38
Allowance for credit losses on loans to non-performing loans		248.71				311.50				446.02
Capital Ratios
Average stockholders’ equity to average total assets		9.92	%			9.94	%			8.74	%
Period-end stockholders’ equity to period-end assets		8.92				10.31				8.54
Total risk-based capital ratio		14.29				16.40				14.90
Tier 1 risk-based capital ratio		13.04				15.15				13.65
Common equity Tier 1 capital		10.15				12.07				10.71
Tier 1 leverage ratio		12.59				12.91				11.97

(a)	Non-performing loans include loans 90-days past due and accruing and non-accrual loans.
(b)	Annualized
(c)	Represents a non-GAAP financial measure. See the “Non-GAAP Financial Measures” section for a reconciliation of this measure

 Non-GAAP Financial Measures
(unaudited)
$000, except per share data

	Quarter Ended											Nine Months Ended
	September 30,				June 30,				September 30,			September 30,				September 30,
		2026				2026				2025			2026				2025
Adjusted net income:
Net income	$	7,062			$	7,326			$	6,132		$	20,131			$	17,616
Add: Acquisition Costs		1,955				557				—			2,634				—
Less: Tax effect(a)		(411	)			(117	)			—			(553	)			—
Adjusted net income	$	8,606			$	7,766			$	6,132		$	22,212			$	17,616
Weighted average common shares outstanding		6,999,449				6,895,811				6,908,248			6,931,289				6,942,053
Diluted weighted average common shares outstanding		7,017,346				6,906,497				6,922,020			6,946,821				6,955,109
Earnings per common share	$	1.01			$	1.06			$	0.89		$	2.90			$	2.54
Adjusted earnings per common share	$	1.23			$	1.13			$	0.89		$	3.20			$	2.54
Diluted earnings per common share	$	1.01			$	1.06			$	0.88		$	2.90			$	2.53
Adjusted diluted earnings per common share	$	1.23			$	1.12			$	0.88		$	3.20			$	2.53

(a)	Represents the tax impact of the adjustments at a tax rate of 21%, plus permanent tax expense associated with merger related transactions

	Quarter Ended												Nine Months Ended
	September 30,				June 30,				September 30,				September 30,				September 30,
		2026				2026				2025				2026				2025
Adjusted return on average assets:
Net income	$	7,062			$	7,326			$	6,132			$	20,131			$	17,616
Adjusted net income		8,606				7,766				6,132				22,212				17,616
Average assets	$	1,895,259			$	1,803,267			$	1,828,679			$	1,847,395			$	1,815,457
Return on average assets		1.48	%			1.63	%			1.33	%			1.46	%			1.30	%
Adjusted return on average assets		1.80	%			1.73	%			1.33	%			1.61	%			1.30	%

	Quarter Ended												Nine Months Ended
	September 30,				June 30,				September 30,				September 30,				September 30,
		2026				2026				2025				2026				2025
Adjusted return on average common equity:
Net income	$	7,062			$	7,326			$	6,132			$	20,131			$	17,616
Adjusted net income		8,606				7,766				6,132				22,212				17,616
Average common equity		187,933				179,233				159,900				181,838				155,690
Less: goodwill and other intangible assets		(25,999	)			—				—				(25,999	)			—
Average tangible common equity	$	161,934			$	179,233			$	159,900			$	155,839			$	155,690
Return on average common equity		14.91	%			16.39	%			15.21	%			14.80	%			15.13	%
Adjusted return on average common equity		18.17	%			17.38	%			15.21	%			16.33	%			15.13	%
Return on average tangible common equity		17.30	%			16.39	%			15.21	%			17.27	%			15.13	%
Adjusted return on average tangible common equity		21.09	%			17.38	%			15.21	%			19.06	%			15.13	%

	Quarter Ended												Nine Months Ended
	September 30,				June 30,				September 30,				September 30,				September 30,
		2026				2026				2025				2026				2025
Adjusted Efficiency Ratio
Non-interest expense	$	14,945			$	13,747			$	12,821			$	41,693			$	37,589
Less: acquisition costs		(1,955	)			(557	)			—				(2,634	)			—
Less core deposit intangible amortization		(196	)			—				—				(196	)			—
Adjusted non-interest expense	$	12,794			$	13,190			$	12,821			$	38,863			$	37,589
Net interest income		19,290				17,258				16,865				53,650				48,300
Non-interest income		3,704				5,377				3,716				12,180				10,725
Total income	$	22,994			$	22,635			$	20,581			$	65,830			$	59,025
Efficiency Ratio		65.00	%			60.73	%			62.30	%			63.33	%			63.68	%
Adjusted Efficiency Ratio		55.64	%			58.27	%			62.30	%			59.04	%			63.68	%

	Quarter Ended
	September 30,				June 30,			September 30,
		2026				2026			2025
Tangible common stockholders’ equity:
Total stockholders’ equity	$	191,040			$	182,794		$	164,938
Less: goodwill and other intangible assets		(25,999	)			—			—
Tangible common stockholders’ equity	$	165,041			$	182,794		$	164,938
Weighted average common shares outstanding		6,999,449				6,895,811			6,908,248
Diluted weighted average common shares outstanding		7,017,346				6,906,497			6,922,020
Book value per common share	$	27.29			$	26.51		$	23.88
Tangible book value per common share	$	23.58			$	26.51		$	23.88
Book value per diluted common share	$	27.22			$	26.47		$	23.83
Tangible book value per diluted common share	$	23.52			$	26.47		$	23.83

About Hawthorn Bancshares
Hawthorn Bancshares, Inc., a bank holding company headquartered in Jefferson City, Missouri, is the parent company of Hawthorn Bank, which has served families and businesses for more than 160 years providing a range of business and personal banking services and wealth management services. Hawthorn Bank operates branch offices in central, southern, northwest Missouri, and also the Kansas City metropolitan area, including one branch in Kansas.

Contact:

Hawthorn Bancshares, Inc.
Brent M. Giles
Chief Executive Officer
TEL: 573.761.6100
www.HawthornBancshares.com

The financial results in this press release reflect preliminary, unaudited results, which are not final until the Company’s Quarterly Report on Form 10-Q is filed. Statements made in this press release that suggest the Company’s or management’s intentions, hopes, beliefs, expectations, or predictions of the future include “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. It is important to note that actual results could differ materially from those projected in such forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those projected in such forward-looking statements is contained from time to time in the Company’s quarterly and annual reports filed with the Securities and Exchange Commission. These forward-looking statements are made as of the date of this communication, and the Company disclaims any obligation to update any forward-looking statement or to publicly announce the results of any revisions to any of the forward-looking statements included herein, except as required by law.