UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________________________ FORM 10-K _________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 1-5353 ____________________________ ...

Financial Performance - Pathfinder Bancorp reported a net loss of $7.0 million, or $1.11 per diluted share, for Q4 2025, and a net loss of $3.4 million, or $0.54 per diluted share, for the full year 2025[2]. - Net loss attributable to common shareholders was $7.0 million in Q4 2025, compared to a net income of $626,000 in the linked quarter and $3.9 million in the year-ago period[31]. - Net loss attributable to Pathfinder Bancorp Inc. was $3,417 million in 2025, compared to a net income of $3,383 million in 2024[59]. - Return on average assets decreased to -0.23% in 2025 from 0.23% in 2024[62]. - Basic earnings per share for voting shares was $(0.54) in 2025, down from $0.54 in 2024[62]. - Net (loss) income for Q4 2025 was $(3,417) million, compared to a net income of $3,383 million in Q4 2024[70]. Loan and Credit Quality - The company increased its allowance for credit losses (ACL) by $10.8 million to $29.4 million, representing 3.28% of total loans as of December 31, 2025[4]. - Nonperforming loans rose to $27.6 million at December 31, 2025, compared to $23.3 million at September 30, 2025, and $22.1 million at December 31, 2024[4]. - Loans totaled $896.7 million on December 31, 2025, decreasing by $1.9 million or 0.2% during Q4 2025 and $22.3 million or 2.4% from one year prior[33]. - Provision for credit loss expense was $11.2 million in Q4 2025, reflecting a $10.8 million increase in the Company's allowance for credit losses[40]. - Nonperforming loans were $27.6 million, or 3.07% of total loans on December 31, 2025, compared to 2.59% on September 30, 2025[38]. - The allowance for credit losses at the end of 2025 was $29,436 million, significantly higher than $17,243 million in 2024, suggesting a more conservative approach to credit risk[66]. Deposits and Assets - Total loans decreased to $896.7 million at December 31, 2025, down from $898.5 million at September 30, 2025, and $919.0 million at December 31, 2024[4]. - Deposits totaled $1.18 billion at December 31, 2025, down from $1.23 billion at September 30, 2025, and $1.20 billion at December 31, 2024[9]. - Total assets were $1.43 billion as of December 31, 2025, down from $1.47 billion on September 30, 2025[32]. - Total deposits decreased to $1,183,848 thousand in December 2025 from $1,225,081 thousand in September 2025, reflecting a decline of approximately 3.4%[57]. - Total liabilities decreased to $1,304,185 thousand in December 2025 from $1,345,929 thousand in September 2025, a decrease of about 3.1%[57]. Income and Expenses - Net interest income for Q4 2025 was $10.5 million, with a net interest margin (NIM) of 3.09%, compared to $11.6 million and 3.34% in the linked quarter[9]. - Noninterest income for Q4 2025 was $1.3 million, down from $1.5 million in the linked quarter and $4.9 million in the year-ago quarter[21]. - Noninterest expense increased to $9.2 million in Q4 2025, compared to $8.9 million in the linked quarter and $8.5 million in the year-ago quarter[25]. - The efficiency ratio for Q4 2025 was 74.96%, compared to 68.78% in the linked quarter and 72.25% in the year-ago quarter[9]. - Total noninterest expense rose slightly to $34,581 million in 2025 from $34,417 million in 2024, an increase of 0.5%[59]. Future Outlook - Pathfinder aims to generate more consistent earnings in 2026 with reduced incremental reserve pressure and improved capital ratios[10]. - The efficiency ratio improved to 69.12% in 2025 from 72.82% in 2024, indicating better cost management[62]. - Pre-tax, pre-provision net income rose to $15,447 million in 2025 compared to $12,848 million in 2024, an increase of 20.19%[62].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-11277 VALLEY NATIONAL BANCORP (Exact name of registrant as specified in its charter) New Jersey 22-2477875 (State or other jurisdiction of ...

Financial Performance - Net income for 2025 was $597.98 million, a 57.4% increase compared to $380.27 million in 2024[435]. - Total comprehensive income for 2025 was $678,938,000, compared to $371,393,000 in 2024, reflecting a significant growth[437]. - Earnings per common share increased to $1.02 in 2025, compared to $0.70 in 2024, representing a growth of 45.7%[435]. - Net income available to common shareholders for 2025 was $569,002,000, an increase from $358,902,000 in 2024 and $482,376,000 in 2023[509]. - Basic earnings per common share for 2025 was $1.02, compared to $0.70 in 2024 and $0.95 in 2023[509]. - Diluted earnings per common share for 2025 was $1.01, up from $0.69 in 2024 and $0.95 in 2023[509]. - Non-interest income reached $262.13 million in 2025, an increase of 16.8% from $224.50 million in 2024[435]. - The provision for credit losses for loans decreased to $139.69 million in 2025, down from $309.39 million in 2024, indicating improved credit quality[435]. Asset and Loan Portfolio - As of December 31, 2025, Valley National Bancorp had total assets of $64.1 billion, total net loans of $49.6 billion, total deposits of $52.2 billion, and total shareholders' equity of $7.8 billion[16]. - Commercial and industrial loans totaled approximately $11.0 billion, representing 21.9% of the total loan portfolio as of December 31, 2025[27]. - Commercial real estate and construction loans amounted to $29.2 billion, accounting for 58.3% of the total loan portfolio as of December 31, 2025[29]. - As of December 31, 2025, residential mortgage loans totaled $5.8 billion, representing 11.6% of the total loan portfolio[33]. - Other consumer loans amounted to $4.1 billion, accounting for 8.2% of the total loan portfolio as of December 31, 2025[33]. - Approximately 71% of Valley's gross loans, totaling $50.1 billion, consisted of commercial real estate, residential mortgage, and home equity loans as of December 31, 2025[37]. - The loan portfolio by state shows New York with $14.8 billion (30%), Florida with $13.6 billion (27%), and New Jersey with $11.2 billion (22%) of total loans[38]. Capital and Equity - Shareholders' equity rose to $7.81 billion in 2025, up from $7.44 billion in 2024, reflecting a growth of 4.8%[433]. - Valley's capital ratios were above the minimum levels required for it to be considered a "well capitalized" financial institution at December 31, 2025 and 2024[88]. - Under Basel III, Valley must maintain a CET1 capital ratio of 7.0% or greater, Tier 1 capital ratio of 8.5% or greater, and total capital ratio of 10.5% or greater[83]. Regulatory Compliance - Valley is subject to significant compliance costs due to extensive regulations, which may increase as new regulations are enacted[74]. - The Bank is subject to federal consumer protection statutes and regulations, including the Truth-In-Lending Act and the Equal Credit Opportunity Act, which govern various aspects of consumer lending[115]. - The Bank is required to establish and maintain a BSA/AML Program to ensure compliance with BSA regulatory requirements[103]. - The Bank's dividend payments are subject to regulatory limitations, including a prohibition on dividends if deemed unsafe by regulators[97]. Employee and Talent Management - Valley's average employee tenure was 7.9 years as of December 31, 2025, with a voluntary turnover rate of 15.1 percent[62]. - Valley employed 3,675 full and part-time employees across its multi-state footprint as of December 31, 2025[62]. - Valley's Talent Acquisition and Learning & Talent Development teams focus on the attraction, development, and retention of key talent, crucial for long-term success[67]. Risk Management and Credit Quality - The company adheres to a credit policy designed to minimize credit risk while maximizing income, with centralized credit authority for significant dollar percentages of the overall portfolio[44]. - The company performs internal stress tests of its capital position, which are subject to review by primary regulators[43]. - The allowance for credit losses for loans is estimated using the CECL methodology, which includes a collective reserve component for estimated lifetime expected credit losses[466]. - Valley's loan credit quality data is based on an internal credit risk rating system, with loans graded and classified based on the obligor's ability to repay and economic conditions[472]. Investment and Securities - Total investment securities and interest-bearing deposits with banks were $7.8 billion and $1.3 billion, respectively, as of December 31, 2025[36]. - Valley's bank owned life insurance is recorded at its cash surrender value and is primarily invested in U.S. Treasury securities and residential mortgage-backed securities[485]. Strategic Initiatives - Valley continues to explore acquisition prospects to maintain and enhance its competitive position in the financial services market[25]. - The company is focused on enhancing its balance sheet flexibility and driving sustainable fee revenue through optimized banking solutions[19]. - Valley's ESG Council was established in 2020 to address sustainability issues and guide the company in considering environmental, social, and governance impacts[68].

(Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K For the transition period from to Commission File Number 1-11277 VALLEY NATIONAL BANCORP (Exact name of registrant as specified in its charter) New Jersey 22-2477875 (State or other jurisdiction of ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________ FORM 10-K ________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 3, 2026 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38713 ________________________ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-34693 CHATHAM LODGING TRUST (Exact Name of Registrant as Specified in Its Charter) None Indicate by check mark if the registr ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________________ FORM 10-K _________________________________________________________________________ x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _______ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission file number 001-40623 TWIN VEE POWERCATS CO. (Exact name of registrant as specified in its charter) Delaware 27-1417610 (State or other jurisdiction of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Exact Name of Registrant Commission I.R.S. Employer as Specified in Its Charter File Number Identification No. Hawaiian Electric Industries, Inc. 1-8503 99-0208097 Hawaiian Electric Company, Inc. 1-4955 9 ...