Revenue: As of FY2026 Q1, the actual value is USD 317.11 M.

EPS: As of FY2026 Q1, the actual value is USD 1.25.

EBIT: As of FY2026 Q1, the actual value is USD -29.04 M.

Segmented Financial Metrics and Strategic Summary

Multi-family Mortgage Banking

• Interest Income: $1,062 thousand in 2026, compared to $1,180 thousand in 2025.
• Interest Expense: $20 thousand in both 2026 and 2025.
• Net Interest Income: $1,042 thousand in 2026, down from $1,160 thousand in 2025.
• Provision for Credit Losses: -$7 thousand in 2026, compared to -$48 thousand in 2025.
• Net Interest Income After Provision for Credit Losses: $1,049 thousand in 2026, a decrease from $1,208 thousand in 2025.
• Noninterest Income: $39,089 thousand in 2026, significantly up from $28,896 thousand in 2025.
• Salaries and Employee Benefits: $20,976 thousand in 2026, slightly up from $20,928 thousand in 2025.
• Other Noninterest Expense: $4,652 thousand in 2026, an increase from $3,632 thousand in 2025.
• Total Noninterest Expense: $25,628 thousand in 2026, compared to $24,560 thousand in 2025.
• Income Before Income Taxes: $14,510 thousand in 2026, a substantial increase from $5,544 thousand in 2025.
• Income Taxes: $3,496 thousand in 2026, up from $2,131 thousand in 2025.
• Net Income (Loss): $11,014 thousand in 2026, significantly higher than $3,413 thousand in 2025.
• Total Assets: $522,976 thousand in 2026, an increase from $460,441 thousand in 2025.
• Servicing Rights Fair Value Adjustments: $7,379 thousand in 2026, compared to $449 thousand in 2025.
• Volume of Loans Originated and Acquired: $1.2 billion in 2026, an increase of $245.3 million (26%) compared to $934.4 million in 2025.

Mortgage Warehousing

• Interest Income: $100,646 thousand in 2026, up from $86,117 thousand in 2025.
• Interest Expense: $62,079 thousand in 2026, compared to $57,669 thousand in 2025.
• Net Interest Income: $38,567 thousand in 2026, an increase from $28,448 thousand in 2025.
• Provision for Credit Losses: -$707 thousand in 2026, compared to -$426 thousand in 2025.
• Net Interest Income After Provision for Credit Losses: $39,274 thousand in 2026, higher than $28,874 thousand in 2025.
• Noninterest Income: $4,321 thousand in 2026, a significant improvement from -$740 thousand in 2025.
• Salaries and Employee Benefits: $1,968 thousand in 2026, slightly down from $1,977 thousand in 2025.
• Other Noninterest Expense: $5,918 thousand in 2026, compared to $6,044 thousand in 2025.
• Total Noninterest Expense: $7,886 thousand in 2026, a slight decrease from $8,021 thousand in 2025.
• Income Before Income Taxes: $35,709 thousand in 2026, substantially up from $20,113 thousand in 2025.
• Income Taxes: $7,061 thousand in 2026, compared to $4,715 thousand in 2025.
• Net Income (Loss): $28,648 thousand in 2026, significantly higher than $15,398 thousand in 2025.
• Total Assets: $8,544,107 thousand in 2026, an increase from $5,902,165 thousand in 2025.
• Derivative Fair Value Adjustments: $2,696 thousand in 2026, compared to -$2,258 thousand in 2025.
• Volume of Warehouse Loans Funded: $19.6 billion in 2026, an increase of $7.7 billion (65%) compared to $11.9 billion in 2025.

Banking

• Interest Income: $165,158 thousand in 2026, down from $196,044 thousand in 2025.
• Interest Expense: $80,526 thousand in 2026, compared to $108,107 thousand in 2025.
• Net Interest Income: $84,632 thousand in 2026, a decrease from $87,937 thousand in 2025.
• Provision for Credit Losses: $16,013 thousand in 2026, up from $8,201 thousand in 2025.
• Net Interest Income After Provision for Credit Losses: $68,619 thousand in 2026, a decrease from $79,736 thousand in 2025.
• Noninterest Income: $6,282 thousand in 2026, an improvement from -$1,067 thousand in 2025.
• Salaries and Employee Benefits: $6,753 thousand in 2026, up from $6,479 thousand in 2025.
• Other Noninterest Expense: $20,996 thousand in 2026, significantly higher than $10,831 thousand in 2025.
• Total Noninterest Expense: $27,749 thousand in 2026, compared to $17,310 thousand in 2025.
• Income Before Income Taxes: $47,152 thousand in 2026, down from $61,359 thousand in 2025.
• Income Taxes: $9,172 thousand in 2026, compared to $14,252 thousand in 2025.
• Net Income (Loss): $37,980 thousand in 2026, lower than $47,107 thousand in 2025.
• Total Assets: $10,850,657 thousand in 2026, a decrease from $12,002,564 thousand in 2025.
• Servicing Rights Fair Value Adjustments: $1,559 thousand in 2026, compared to -$1,203 thousand in 2025.

Other Segment (Corporate Reconciling Items and Eliminations)

• Interest Income: $3,645 thousand in 2026, compared to $3,863 thousand in 2025.
• Interest Expense: -$762 thousand in 2026, compared to -$788 thousand in 2025.
• Net Interest Income: $4,407 thousand in 2026, down from $4,651 thousand in 2025.
• Provision for Credit Losses: $0 thousand in both 2026 and 2025.
• Net Interest Income After Provision for Credit Losses: $4,407 thousand in 2026, compared to $4,651 thousand in 2025.
• Noninterest Income: -$3,093 thousand in 2026, compared to -$3,396 thousand in 2025.
• Salaries and Employee Benefits: $8,868 thousand in 2026, up from $7,035 thousand in 2025.
• Other Noninterest Expense: $5,511 thousand in 2026, compared to $4,738 thousand in 2025.
• Total Noninterest Expense: $14,379 thousand in 2026, an increase from $11,773 thousand in 2025.
• Income (Loss) Before Income Taxes: -$13,065 thousand in 2026, compared to -$10,518 thousand in 2025.
• Income Taxes: -$3,155 thousand in 2026, compared to -$2,839 thousand in 2025.
• Net Income (Loss): -$9,910 thousand in 2026, compared to -$7,679 thousand in 2025.
• Total Assets: $404,042 thousand in 2026, a decrease from $432,630 thousand in 2025.

Future Outlook and Strategy

The Company’s strategy focuses on funding low-risk multi-family, residential, and SBA loans through an originate-to-sell model, while retaining adjustable-rate loans for investment to mitigate interest rate risk. This approach aims to maximize net income and achieve higher shareholder returns with lower charge-offs and expense base by combining net interest income and noninterest income from low-risk asset sales. The termination of the Memorandum of Understanding with the FDIC indicates successful progress in addressing regulatory concerns and enhancing operational stability.