Forward Looking Statements This report contains forward-looking statements, which can be identified by the use of such words as estimate, project, believe, intend, anticipate, plan, seek, expect and similar expressions. These forward-looking statements include, among other things: ● statements of our goals, intentions and expectations; ● statements regarding our business plans, prospects, growth and operating strategies; ● statements concerning trends in our provision for credit losses and charge-offs on loans and off-balance sheet exposures; ● statements regarding the trends in factors affecting our financial condition and results of operations, including credit quality of our loan and investment portfolios; and ● estimates of our risks and future costs and benefits. These forward-looking statements are subject to significant risks, assumptions and uncertainties, including, among other things, the following important factors that could affect the actual outcome of future events: ● significantly increased competition among depository and other financial institutions, including with respect to our ability to charge overdraft fees; ● inflation and changes in the interest rate environment that reduce our interest margins or reduce the fair value of financial instruments, or our ability to originate loans; ● general economic conditions, either globally, nationally or in our market areas, including employment prospects, real estate values and conditions that are worse than expected; ● the strength or weakness of the real estate markets and of the consumer and commercial credit sectors and its impact on the credit quality of our loans and other assets, and changes in estimates of the allowance for credit losses; ● decreased demand for our products and services and lower revenue and earnings because of a recession or other events; ● changes in consumer spending, borrowing and savings habits, including repayment speeds on loans; ● adverse changes and volatility in the securities markets, credit markets or real estate markets; ● our ability to manage market risk, credit risk, liquidity risk, reputational risk, regulatory risk and compliance risk; ● our ability to manage operational risk, including cybersecurity risk and artificial intelligence risk; ● our ability to access cost-effective funding; ● legislative or regulatory changes that adversely affect our business, including changes in regulatory costs and capital requirements and changes related to our ability to pay dividends and the ability of Third Federal Savings, MHC to waive dividends; ● changes in accounting policies and practices, as may be adopted by the bank regulatory agencies, the FASB or the PCAOB; ● the adoption of implementing regulations by a number of different regulatory bodies, and uncertainty in the exact nature, extent and timing of such regulations and the impact they will have on us; ● our ability to enter new markets successfully and take advantage of growth opportunities; ● the continuing governmental efforts to restructure the U.S. financial and regulatory system; ● future adverse developments concerning Fannie Mae or Freddie Mac; ● changes in monetary and fiscal policy of the U.S. Government, including policies of the U.S. Treasury, the Federal Reserve System, Federal Housing Finance Agency, the OCC, FDIC, and others, and the effects of tariffs and retaliatory actions; ● the ability of the U.S. Government to remain open, function properly and manage federal debt limits; ● changes in policy and/or assessment rates of taxing authorities that adversely affect us or our customers; ● changes in accounting and tax estimates; ● changes in our organization and changes in expense trends, including but not limited to trends affecting non-performing assets, charge-offs and provisions for credit losses; ● changes in liquidity, including the size and composition of our deposit portfolio, and the percentage of uninsured deposits in the portfolio; ● the inability of third-party providers to perform their obligations to us; ● our ability to retain key associates; 38 Table of Contents ● the effects of global or national war, conflict or acts of terrorism; ● civil unrest; ● cyber-attacks, computer viruses and other technological risks that may breach the security of our websites or other systems to obtain unauthorized access to confidential information, destroy data or disable our systems; and ● the impact of a wide-spread pandemic, and related government action, on our business and the economy. Because of these and other uncertainties, our actual future results may be materially different from the results indicated by any forward-looking statements. Any forward-looking statement made by us in this report speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law. Please see Part II Other Information Item 1A. Risk Factors for a discussion of certain risks related to our business. Overview The business strategy of TFS Financial Corporation ("we," "us," or "our") is to operate as a well capitalized and profitable financial institution dedicated to providing exceptional personal service to our customers. Since being organized in 1938, we grew to become, at the time of our initial public offering of stock in 2007, and continue to be, the nation’s largest mutually-owned savings and loan association based on total assets. We credit our success to our continued emphasis on our primary values: “Love, Trust, Respect, and a Commitment to Excellence, along with Having Fun.” Our values are reflected in the design and pricing of our loan and deposit products, as described below. Our values are further reflected in a long-term revitalization program encompassing the three-mile corridor of the Broadway-Slavic Village neighborhood in Cleveland, Ohio where our main office was established and continues to be located and where we've been the developer of a community of 51 homes, intended to serve the low- to moderate income home owner. We intend to continue to adhere to our primary values and to support our customers and the communities in which we operate as we pursue our mission to help people achieve the dream of home ownership and financial security while creating value for our customers, our communities, our associates and our shareholders. Consumers, businesses, and governments alike are navigating an elevated level of economic uncertainty, as inflation remains elevated and markets continue to deliberate the implications of global trade policies and the conflict in the Middle East. The FRS implemented three consecutive 25 basis point rate cuts between September and the end of December 2025. Current market sentiments have shifted from anticipated policy easing to the possibility of rate hikes. Uncertainty and volatility in interest rates and spreads, can create a challenging operating environment. Taking all of this into consideration, we remain committed to our mission, business model, and strategic approach. Specifically, (1) our capital ratios remain a primary source of financial strength; (2) our core deposits remain stable and the majority of our deposit accounts are within FDIC insurance limits; (3) we maintain adequate access to contingent sources of liquidity; and (4) our risk management practices around an array of financial disciplines are robust and commensurate to an institution of our size and complexity. Capital ratios remain a source of financial strength for the Company and the Association as all capital ratios, including the Company's Common Equity Tier 1 Capital ratio of 16.88%, exceed the regulatory requirement to be considered "Well Capitalized". Additional details on our capital ratios are reported in the Liquidity and Capital Resources section of this Item 2. The Company maintains high-quality core deposits distributed primarily across our Ohio and Florida branch network in products tailored toward consumers seeking non-transactional savings. As of June 30, 2026, 95.6% of our $9.07 billion retail deposit base consists of accounts structured under the FDIC insured limit of $250,000. The Company has the ability to fund 100% of all uninsured deposit balances through sources described later in this Item 2 under the heading Liquidity and Capital Resources. The Company retains ample and diverse sources of liquidity and funding, beyond deposits. At June 30, 2026, our combined additional borrowing capacity under the Association's blanket pledge arrangements with the FHLB of Cincinnati and the FRB Cleveland along with our ability to purchase Fed Funds through arrangements with other institutions totaled $1.85 billion. We also hold marketable securities that could be sold and converted to cash. Further details about liquidity and funding are described in the section labelled Maintaining Access to Adequate Liquidity and Diverse Funding Sources to Support our Growth of this Item 2. We operate a multi-disciplined risk management program that emphasizes stress testing and scenario analysis in the realms of interest rate risk, credit risk, market risk and liquidity risk. Key risk indicators are proactively monitored and reported throughout the organization, up to and including the Board of Directors. The program is supported by a multi-line of defense approach in which internal oversight functions of risk management and internal audit grant their fully autonomous opinion of 39 Table of Contents the process with an ability to issue findings for remediation if deemed necessary. The program is also regularly exposed to additional scrutiny in the form of regulatory oversight. Management established the risk management framework with an appropriate level of sophistication such that it fully encapsulates all identified areas of risk, in conjunction with a necessary level of governance, to promote the program’s intention of properly identifying and managing our risk profile. Management believes that the following matters are those most critical to our success: (1) controlling our interest rate risk exposure; (2) monitoring and limiting our credit risk; (3) maintaining access to adequate liquidity and diverse funding sources to support our growth; and (4) monitoring and controlling our operating expenses. Controlling Our Interest Rate Risk Exposure. Historically, our greatest risk has been our exposure to changes in market interest rates. When we hold longer-term, fixed-rate assets, funded by liabilities with shorter-term re-pricing characteristics, we are exposed to potentially adverse impacts from changing interest rates. Generally, and particularly over extended periods of time that encompass full economic cycles, interest rates associated with longer-term assets, like fixed-rate mortgages, have been higher than interest rates associated with shorter-term funding sources, like deposits. This difference has been an important component of our net interest income and is fundamental to our operations. A challenge to our business model occurs when there are rapid and substantial changes in short-term rates or there is a prolonged inverted yield curve where short-term rates exceed long-term rates. When short-term rates change, our home equity line of credit portfolio, indexed to the prime rate, reprices immediately, whereas interest rates on certificate of deposit accounts and borrowings generally reprice at maturity. An inverted yield curve impacts our balance sheet even after it becomes positive because our assets, originated at historically low yields, pay down at slower rates than our sources of funding, creating the risk that a portion of our liabilities are at costs higher than the yields we earn on a portion of our assets. These economic environments may result in decreases in our net interest income and our net interest margin. To mitigate our interest rate risk in general and to address the current rate environment specifically, we utilize a variety of strategies that include: •Maintaining regulatory capital in excess of levels required to be considered well capitalized; •Maintaining adjustable-rate loans and shorter-term fixed-rate loans; •Maintaining and growing home equity line of credit balances, which carry an adjustable rate of interest, indexed to the prime rate; •Opportunistically extending the duration of our funding sources; •Utilizing interest rate swaps to convert short-term FHLB advances and brokered certificates of deposit into long-term, fixed rate borrowings; and •Selectively selling a portion of our long-term, fixed-rate mortgage loans in the secondary market. Levels of Regulatory Capital At June 30, 2026, the Company’s Tier 1 (leverage) capital totaled $1.89 billion, or 10.72%, of net average assets and 16.88% of risk-weighted assets, while the Association’s Tier 1 (leverage) capital totaled $1.76 billion, or 9.99%, of net average assets and 15.73% of risk-weighted assets. Each of these measures is in excess of the requirements in effect at June 30, 2026, for designation as “well capitalized” under regulatory prompt corrective action provisions. Refer to the Liquidity and Capital Resources section of this Item 2 for additional discussion regarding regulatory capital requirements. Adjustable-Rate Loans and Shorter-Term Fixed-Rate Loans We offer our "Smart Rate" adjustable-rate mortgage loan, which provides us with improved interest rate risk characteristics when compared to a 30-year, fixed-rate mortgage loan. Our “Smart Rate” adjustable-rate mortgage offers borrowers an interest rate lower than that of a 30-year, fixed-rate loan. The interest rate of the Smart Rate mortgage is locked for three or five years, then resets annually. The Smart Rate mortgage contains a feature to re-lock the rate an unlimited number of times at our then-current interest rate and fee schedule, for another three or five years (which must be the same as the original lock period) without having to complete a full refinance transaction. Re-lock eligibility is subject to a satisfactory payment performance history by the borrower (current at the time of re-lock, and no foreclosures or bankruptcies since the Smart Rate application was taken). In addition to a satisfactory payment history, re-lock eligibility requires that the property continues to be the borrower’s primary residence. The loan term cannot be extended in connection with a re-lock, nor can new funds be advanced. All interest rate caps and floors remain as originated. We also offer a 10-year, fully amortizing fixed-rate, first mortgage loan. The opportunities to attract 10-year, fixed-rate loans are better during periods of higher refinance activity. The 10-year, fixed-rate loan has a more desirable interest rate risk 40 Table of Contents profile when compared to loans with fixed-rate terms of 15 to 30 years and can help to more effectively manage interest rate risk exposure, yet provides our borrowers with the certainty of a fixed interest rate throughout the life of the obligation. The following tables set forth our first mortgage loan production and period end principal balances segregated by loan structure at origination: For the Nine Months Ended June 30, 2026 For the Nine Months Ended June 30, 2025 Amount Percent Amount Percent (Dollars in thousands) First Mortgage Loan Originations and Acquired Loans: ARM (all Smart Rate) production $ 133,529 11.3 % $ 98,731 13.0 % Fixed-rate production: Terms less than or equal to 10 years 12,521 1.0 1,938 0.3 Terms greater than 10 years 1,037,475 87.7 659,528 86.7 Total fixed-rate production 1,049,996 88.7 661,466 87.0 Total First Mortgage Loan Originations and Acquired Loans $ 1,183,525 100.0 % $ 760,197 100.0 % June 30, 2026 September 30, 2025 Amount Percent Amount Percent (Dollars in thousands) Balance of First Mortgage Loans Held For Investment: ARM (primarily Smart Rate) Loans $ 3,615,041 33.8 % $ 3,944,540 36.3 % Fixed-rate Loans: Terms less than or equal to 10 years 497,292 4.6 623,413 5.8 Terms greater than 10 years 6,585,901 61.6 6,271,793 57.9 Total fixed-rate loans 7,083,193 66.2 6,895,206 63.7 Total First Mortgage Loans Held For Investment $ 10,698,234 100.0 % $ 10,839,746 100.0 % The following table sets forth the principal balances and yields as of June 30, 2026, for primarily Smart Rate ARM loans segregated by the next scheduled interest rate reset date: Current Balance of ARM Loans Scheduled for Interest Rate Reset Yield During the Fiscal Years Ending September 30, (Dollars in thousands) 2026 $ 548,066 4.28 % 2027 2,158,765 3.67 % 2028 427,877 4.83 % 2029 218,978 5.96 % 2030 41,838 6.60 % 2031 219,517 5.98 % Total $ 3,615,041 4.21 % 41 Table of Contents Loans Held for Investment by Type and Yield The following tables set forth the principal balance and interest yield as of June 30, 2026, for the portfolio of loans held for investment, by type of loan, structure and geographic location. Weighted average yields are based on principal balances as of June 30, 2026. June 30, 2026 Balance Percent Yield (Dollars in thousands) Total Loans: Fixed Rate Terms less than or equal to 10 years $ 497,292 3.1 % 2.73 % Terms greater than 10 years 6,585,901 40.6 4.41 Total Fixed-Rate Residential Mortgage loans 7,083,193 43.7 4.29 ARMs 3,615,041 22.3 4.21 Home Equity Lines of Credit 4,489,178 27.7 5.98 Home Equity Loans 983,694 6.1 6.85 Construction and Other Loans 24,711 0.2 5.90 Total Loans Receivable $ 16,195,817 100.0 % 4.90 % June 30, 2026 Balance Fixed Rate Balance Fixed Rate Percent Yield (Dollars in thousands) Residential Mortgage Loans Ohio $ 6,301,986 $ 5,075,612 80.5 % 4.27 % Florida 1,745,237 900,572 51.6 4.07 Other 2,651,011 1,107,009 41.8 4.39 Total Residential Mortgage Loans 10,698,234 7,083,193 66.2 4.27 Home Equity Lines of Credit Ohio $ 976,552 $ 5,866 0.6 % 5.97 % Florida 927,320 6,048 0.7 5.93 California 765,316 2,746 0.4 6.00 Other 1,819,990 2,501 0.1 6.01 Total Home Equity Lines of Credit 4,489,178 17,161 0.4 5.98 Home Equity Loans Ohio $ 206,630 $ 178,653 86.5 % 6.54 % Florida 175,853 139,466 79.3 6.89 California 185,561 151,403 81.6 6.83 Other 415,650 360,532 86.7 7.00 Total Home Equity Loans 983,694 830,054 84.4 6.85 Construction and Other Loans 24,711 24,711 100.0 5.90 Total Loans Receivable $ 16,195,817 $ 7,955,119 49.1 % 4.90 % Marketing of Home Equity Lines of Credit We actively market home equity lines of credit, which carry an adjustable rate of interest indexed to the prime rate which provides interest rate sensitivity to that portion of our assets and is a meaningful strategy to manage our interest rate risk profile. Increasing our investments in loans with variable rates of interest help to better match the maturities and interest rates of our assets and liabilities, thereby reducing the exposure of our net interest income to changes in market interest rates. We strive to 42 Table of Contents grow the home equity line of credit portfolio through offering competitive rates, marketing efforts and by utilizing partners to attract more home equity line of credit customers. At June 30, 2026, the principal balance of home equity lines of credit (including those in repayment) that are structured to reset with each prime rate adjustment totaled $4.49 billion. Our home equity lending is discussed in the Lending Activities section of this Item 2. Extending the Duration of Funding Sources As a complement to our strategies to shorten the duration of our fixed rate interest-earning assets, as described above, we also seek opportunities to lengthen the duration of our interest-bearing funding sources. These efforts include monitoring the relative costs of alternative funding sources such as retail certificates of deposit, brokered certificates of deposit, longer-term (e.g. three years or greater) fixed-rate advances from the FHLB of Cincinnati, and shorter-term (e.g. one or three months) funding, the durations of which are extended by correlated interest rate exchange contracts ("swap"). Funding sources are discussed in more detail within this Item 2 in the sections entitled Maintaining Access to Adequate Liquidity and Diverse Funding Sources to Support our Growth and Liquidity and Capital Resources. All of our swaps are subject to collateral pledges and require specific structural features to qualify for hedge accounting treatment. Hedge accounting treatment directs that periodic mark-to-market adjustments be recorded in other comprehensive income (loss) in the equity section of the balance sheet, rather than being included in operating results of the income statement. The Association's intent is that any swap to which it may be a party will qualify for hedge accounting treatment. The Association uses swaps to extend the duration of its funding sources with a relatively lower cost of borrowing. Each of the Association's swap agreements is registered on the Chicago Mercantile Exchange and involves the exchange of interest payment amounts based on a notional principal balance. No exchange of principal amounts occur and the notional principal amount does not appear on our balance sheet. In each of the Association's agreements, interest paid is based on a fixed rate of interest throughout the term of each agreement while interest received is based on an interest rate that resets and compounds daily over a specified interval (generally one to three months) throughout the term of each agreement. On the initiation date of the swap, the agreed upon exchange interest rates reflect market conditions at that point in time. Swaps generally require counterparty collateral pledges that ensure the counterparties' ability to comply with the conditions of the agreement. Concurrent with the execution of each swap, the Association enters into a short-term borrowing or issues brokered CDs in an amount equal to the notional amount of the swap and with interest rate resets aligned with the reset interval of the swap. Each individual swap agreement has been designated as a cash flow hedge of interest rate risk associated with either the Company's variable rate borrowings from the FHLB of Cincinnati or brokered CDs. For more details, refer to Notes 6. BORROWED FUNDS and 13. DERIVATIVE INSTRUMENTS of the NOTES TO CONSOLIDATED FINANCIAL STATEMENTS. Each funding alternative is monitored and evaluated based on its effective interest payment rate, options exercisable by the creditor (early withdrawal, right to call, etc.), and collateral requirements. Refer to Notes 5. DEPOSITS and 6. BORROWED FUNDS for additional details on balances. The interest payment rate is a function of market influences that are specific to the nuances and market competitiveness/breadth of each funding source. Generally, early withdrawal options, subject to a fee, are available to our retail CD customers but not to holders of brokered CDs; issuer call options are not provided on our advances from the FHLB of Cincinnati; and we are not subject to early termination options with respect to our interest rate exchange contracts. Additionally, collateral pledges are not provided with respect to our retail CDs or our brokered CDs, but are required for our advances from the FHLB of Cincinnati as well as for our interest rate exchange contracts. We will continue to evaluate the structure of our funding sources balancing the need to extend duration and manage cost. Selling Fixed-Rate Loans in the Secondary Market We also manage interest rate risk by selectively selling a portion of our long-term, fixed-rate mortgage loans in the secondary market. First mortgage loans (primarily fixed-rate mortgages with terms of 15 years or more, Home Ready and certain loans acquired through our correspondent lending partner) are originated under Fannie Mae guidelines and are eligible for sale to Fannie Mae either as whole loans or within mortgage-backed securities. Certain types of loans (i.e. our Smart Rate adjustable-rate loans, 10-year fixed-rate loans, and first mortgage loans secured by certain property types) are originated under our proprietary underwriting and closing process and are not eligible for sale to Fannie Mae. We can also manage interest rate risk by selling non-Fannie Mae compliant mortgage loans to private investors, although those transactions may be limited to loans that have established payment histories, strong borrower credit profiles and are supported by adequate collateral. Additionally, sales to private investors are dependent upon favorable market conditions, including motivated buyers, and involve more complicated negotiations and longer settlement timelines. During the nine months ended June 30, 2026, $260.3 million of agency-compliant, long-term (15 to 30 years), fixed-rate mortgage loans were sold, or committed to be sold, primarily to Fannie Mae on a servicing retained basis. Of these sold or committed loans, $196.2 million were originated as agency-compliant first mortgage loans, $37.1 million were acquired through a correspondent lending partnership, and $27.1 million were originated under Fannie Mae's Home Ready initiative. At 43 Table of Contents June 30, 2026, loans classified as held for sale totaled $14.5 million, compared to $57.7 million at September 30, 2025. At June 30, 2026, we serviced $2.17 billion of loans we originated or acquired and later sold to investors. We continue to consider liquidity, interest rate risk and balance sheet management, as well as secondary market pricing, in evaluating the opportunity to sell loans. Loan sales are discussed in more detail within the Liquidity and Capital Resources section of this Item 2. Monitoring and Limiting Our Credit Risk. While, historically, we had been successful in limiting our credit risk exposure by generally imposing high credit standards with respect to lending, the memory of the 2008 housing market collapse and financial crisis is a constant reminder to focus on credit risk. In response to the evolving economic landscape, we continuously revise and update our quarterly analysis and evaluation procedures, as needed, for each category of our lending with the objective of identifying and recognizing all appropriate credit losses. At June 30, 2026, 90% of our assets consisted of residential real estate loans (both “held for sale” and “held for investment”) and home equity loans and lines of credit. Our analytic procedures and evaluations include specific reviews of all home equity loans and lines of credit that become 90 or more days past due, as well as specific reviews of all first mortgage loans that are at least 150 days past due, but not later than 180 days past due. We transfer performing home equity lines of credit subordinate to first mortgages delinquent greater than 90 days to non-accrual status. We also charge off performing loans to collateral value and classify those loans as non-accrual within 60 days of notification of all borrowers filing Chapter 7 bankruptcy, that have not reaffirmed or been dismissed, regardless of how long the loans have been performing. In an effort to limit our credit risk exposure and keep it consistent with the low risk appetite approved by the Board of Directors, the credit eligibility criteria is evaluated to ensure a successful homeowner has the primary source of repayment, followed by a collateral position that allows for a secondary source of repayment, if needed. Products that do not result in an effective mix of repayment ability are not offered. We believe we use stringent, conservative lending standards for underwriting to reduce our credit risk. For first mortgage loans originated during the current quarter, the average credit score was 761 and the average LTV was 69% at origination. Our current delinquency levels reflect the higher credit standards to which we subject all new originations. As of June 30, 2026, loans originated or acquired had a balance of $16.27 billion, of which $43.5 million, or 0.27%, were delinquent. One aspect of our credit risk concern relates to high concentrations of our loans that are secured by residential real estate in specific states, particularly Ohio and Florida, where a large portion of our historical lending has occurred. At June 30, 2026, approximately 58.8% and 16.3% of the combined total of our residential Core and construction loans were held for investment in Ohio and Florida, respectively, and approximately 21.6% and 20.2% of our home equity loans and lines of credit were secured by properties in Ohio and Florida, respectively. In an effort to moderate the concentration of our credit risk exposure in individual states, we have utilized direct mail marketing, our internet site and our customer service call center to extend our lending activities to other attractive geographic locations. Currently, in addition to Ohio and Florida, we are actively lending in 26 other states and the District of Columbia, and as a result of that activity, the concentration ratios of the combined total of our residential Core and construction loans held for investment in Ohio and Florida have trended downward from their September 30, 2010, levels when the concentrations were 79.1% in Ohio and 19.0% in Florida. Of the total mortgage loans originated in the nine months ended June 30, 2026, 24.7% are secured by properties in states other than Ohio or Florida. Maintaining Access to Adequate Liquidity and Diverse Funding Sources to Support our Growth. For most insured depositories, customer and community confidence are critical to their ability to maintain access to adequate liquidity and to conduct business in an orderly manner. We believe that a well capitalized institution is one of the most important factors in nurturing customer and community confidence. At June 30, 2026, the Association’s ratio of Tier 1 (leverage) capital to net average assets (a basic industry measure that deems 5.00% or above to represent a “well capitalized” status) was 9.99%. The Association's Tier 1 (leverage) capital ratio at June 30, 2026, included the negative impact of a $65 million cash dividend payment that the Association made to the Company, its sole shareholder, in December 2025. Because of its intercompany nature, this dividend payment did not impact the Company's consolidated capital ratios which are reported in the Liquidity and Capital Resources section of this Item 2. We expect to continue to remain a well capitalized institution. In managing its level of liquidity, the Company monitors available funding sources, which include attracting new deposits (including brokered deposits), borrowing from others, the conversion of assets to cash and the generation of funds through profitable operations. The Company has traditionally relied on retail deposits as its primary means in meeting its funding needs. To attract deposits, we typically offer rates that are competitive with the rates on similar products offered by other financial institutions. At June 30, 2026, deposits totaled $9.99 billion (including $920.5 million of brokered CDs), while borrowings totaled $5.81 billion and borrowers’ advances and servicing escrows totaled $204.4 million, combined. In evaluating funding sources, we consider many factors, including cost, collateral, duration and optionality, current availability, expected sustainability, impact on operations and capital levels. 44 Table of Contents While our retail deposit customers provide our primary source of funding, we maintain many alternative funding sources. First, we pledge available real estate mortgage loans with the FHLB of Cincinnati and the FRB-Cleveland. At June 30, 2026, the Association had the ability to borrow a maximum of $6.78 billion from the FHLB of Cincinnati and $423.2 million from the FRB-Cleveland Discount Window. At June 30, 2026, our capacity for additional borrowing from the FHLB of Cincinnati was $1.13 billion. Second, we have the ability to purchase overnight Fed Funds up to $445.0 million through various arrangements with other institutions. At June 30, 2026, our capacity to purchase additional Fed Funds was $295.0 million. Third, we invest in high quality marketable securities that exhibit limited market price variability and, to the extent that they are not needed as collateral for borrowings, can be sold in the institutional market and converted to cash. At June 30, 2026, our investment securities portfolio totaled $482.4 million. Fourth, selling loans in the secondary market is a regular source of liquidity. During the nine months ended June 30, 2026, we sold, or committed to sell $260.3 million in loans primarily to Fannie Mae. Finally, cash flows from operating activities have been a regular source of funds. During the nine months ended June 30, 2026 and 2025, cash flows from operations provided $108.9 million and $93.5 million, respectively. Overall, while customer and community confidence can never be assured, the Company believes that its liquidity is adequate and that it has access to adequate alternative funding sources. Monitoring and Controlling Our Operating Expenses. We continue to focus on managing operating expenses while balancing those efforts with investments to improve technology and customer experience. Our ratio of annualized non-interest expense to average assets was 1.26% for the nine months ended June 30, 2026, and 1.19% for the nine months ended June 30, 2025. As of June 30, 2026, our average assets per full-time employee and our average deposits per full-time employee were $17.6 million and $10.3 million, respectively. We believe that each of these measures compares favorably with industry averages. Our relatively high average deposits (exclusive of brokered CDs) held at our branch offices ($266.4 million per branch office as of June 30, 2026) contributes to our expense management efforts by limiting the overhead costs of serving our customers. During the nine months ended June 30, 2026, we capitalized $7.7 million of development costs related to our conversion to a new core operating system, which reduced compensation and technology expenses recognized in the current year. Following implementation of the core operating system in July 2026, we anticipate compensation and technology expenses will increase. We will continue our efforts to control operating expenses to help offset the risk of margin compression and to support profitable growth of the business. Critical Accounting Policies and Estimates Critical accounting policies and estimates are defined as those made in accordance with U.S. GAAP that involve significant judgments, estimates and uncertainties, and could potentially give rise to materially different results under different assumptions and conditions. We believe that the most critical accounting policies and estimates upon which our financial condition and results of operations depend, and which involve the most complex subjective decisions or assessments, are those with respect to our allowance for credit losses, as described in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2025. Allowance for Credit Losses We provide for credit losses based on a life of loan methodology. Accordingly, all credit losses are charged to, and all recoveries are credited to, the related allowance. Additions to the allowance for credit losses are provided by charges to income based on various factors which, in our judgment, deserve current recognition in estimating lifetime credit losses. We regularly review the loan portfolio and off-balance sheet exposures and make provisions (or releases) for losses in order to maintain the allowance for credit losses in accordance with U.S. GAAP. Our allowance for credit losses is a GVA on our portfolio made up of: (1)quantitative GVAs for loans, which are general allowances for credit losses for each loan type based on historical loan loss experience; (2)quantitative GVAs for off-balance sheet credit exposures, which are comprised of expected lifetime losses on unfunded loan commitments to extend credit where the obligations are not unconditionally cancellable; and (3)qualitative GVAs, which are adjustments to the quantitative GVAs, maintained to cover uncertainties that affect the estimate of expected credit losses for each loan type. The qualitative GVAs expand our ability to identify and estimate probable losses and are based on our evaluation of the following factors, some of which are consistent with factors that impact the determination of quantitative GVAs. For example, delinquency statistics (both current and historical) are used in developing the quantitative GVAs, while the trending of the delinquency statistics is considered and evaluated in the determination of the qualitative GVAs. Factors impacting the determination of qualitative GVAs include, among others: 45 Table of Contents •changes in lending policies and procedures including underwriting standards, collection, charge-off or recovery practices; •management's view of changes in national, regional, and local economic and business conditions and trends including treasury yields, housing market factors and trends, such as the status of loans in foreclosure, real estate in judgment and real estate owned, and unemployment statistics and trends and how it aligns with economic modeling forecasts; •changes in the nature and volume of the portfolios including home equity lines of credit utilization and adjustable-rate mortgage loans nearing a rate reset; •changes in the experience, ability or depth of lending management; •changes in the volume or severity of past due loans, volume of non-accrual loans, or the volume and severity of adversely classified loans including the trending of delinquency statistics (both current and historical), historical loan loss experience and trends, the frequency and magnitude of loan modifications, and uncertainty surrounding borrowers’ ability to recover from temporary hardships for which short-term loan modifications are granted; •changes in the scope or quality of the loan review system; •changes in the value of the underlying collateral including asset disposition loss statistics (both current and historical) and the trending of those statistics, and additional charge-offs and recoveries on individually reviewed loans; •existence of any concentrations of credit; •effect of other external factors such as competition, market interest rate changes or legal and regulatory requirements including market conditions and regulatory directives that impact the entire financial services industry; and •limitations within our models to predict lifetime net losses on the loan portfolio. Home equity lines of credit and home equity loans generally have higher credit risk than traditional residential mortgage loans. These loans and credit lines are usually in a second lien position and when combined with the first mortgage, result in generally higher overall loan-to-value ratios. In a stressed housing market with high delinquencies and decreasing housing prices, these higher loan-to-value ratios represent a greater risk of loss to the Company. A borrower with more equity in the property has a vested interest in keeping the loan current when compared to a borrower with little or no equity in the property. Given the higher risk inherent in home equity loans and lines of credit and our experience during periods of weak housing markets and potential uncertainty with respect to future employment levels and economic prospects, we conduct an expanded loan level evaluation of our home equity loans and lines of credit, including bridge loans used to aid borrowers in buying a new home before selling their old one, which are delinquent 90 days or more. This expanded evaluation is in addition to our traditional evaluation procedures. We have established an allowance for our unfunded commitments on this portfolio, which is recorded in other liabilities. At June 30, 2026, we had an amortized cost of $4.53 billion in home equity lines of credit, of which $6.1 million, or 0.13%, and $990.9 million in home equity loans outstanding, of which $1.4 million, or 0.15%, were delinquent 90 days or more. The allowance for credit losses is evaluated based upon the combined total of the quantitative and qualitative GVAs. Periodically, the carrying value of loans and factors impacting our credit loss analysis are evaluated and the allowance is adjusted accordingly. While we use the best information available to make evaluations, future additions to the allowance may be necessary based on unforeseen changes in loan quality and economic conditions. 46 Table of Contents The following table sets forth activity for credit losses segregated by product and geographic location for the periods indicated. The majority of our Residential Core and Home Today loan portfolios is secured by properties located in Ohio, and therefore were not segregated by state. For the Three Months Ended June 30, For the Nine Months Ended June 30, 2026 2025 2026 2025 (Dollars in thousands) Allowance balance for credit losses on loans (beginning of the period) $ 74,900 $ 70,546 $ 74,244 $ 70,002 Charge-offs on real estate loans: Total Residential Core 63 — 152 18 Total Residential Home Today 4 7 14 15 Home equity lines of credit Ohio 97 138 207 451 Florida 210 56 522 116 California 7 — 24 18 Other 22 19 86 182 Total home equity lines of credit 336 213 839 767 Home equity loans Ohio 1 — 29 17 Florida 51 — 97 — Other — — 83 — Total home equity loans 52 — 209 17 Total charge-offs 455 220 1,214 817 Recoveries on real estate loans: Residential Core 181 195 570 846 Residential Home Today 390 570 1,269 1,429 Home equity lines of credit 572 389 1,514 1,570 Home equity loans 5 11 44 30 Total recoveries 1,148 1,165 3,397 3,875 Net recoveries 693 945 2,183 3,058 Provision (release) of allowance for credit losses on loans (2,077) 1,049 (2,911) (520) Allowance balance for loans (end of the period) $ 73,516 $ 72,540 $ 73,516 $ 72,540 Allowance balance for credit losses on unfunded commitments (beginning of the period) $ 29,950 $ 29,380 $ 30,116 $ 27,811 Provision (release) of allowance for credit losses on unfunded loan commitments (1,423) 451 (1,589) 2,020 Allowance balance for unfunded loan commitments (end of the period) 28,527 29,831 28,527 29,831 Allowance balance for all credit losses (end of the period) $ 102,043 $ 102,371 $ 102,043 $ 102,371 Ratios: Allowance for credit losses on loans to non-accrual loans at end of the period 182.59 % 194.72 % 182.59 % 194.72 % Allowance for credit losses on loans to the total amortized cost in loans at end of the period 0.45 % 0.46 % 0.45 % 0.46 % 47 Table of Contents The following table sets forth additional information with respect to net recoveries by category for the periods indicated rounded to the nearest tenth of a percent. For the Three Months Ended June 30, For the Nine Months Ended June 30, 2026 2025 2026 2025 Net recoveries to average loans outstanding (annualized) Real estate loans: Residential Core 0.00 % 0.01 % 0.00 % 0.01 % Residential Home Today 0.01 0.01 0.01 0.01 Home equity lines of credit 0.01 0.00 % 0.01 0.01 Home equity loans 0.00 0.00 0.00 0.00 Total net recoveries to average loans outstanding (annualized) 0.02 % 0.02 % 0.02 % 0.03 % We continue to evaluate loans becoming delinquent for potential losses and record provisions for the estimate of those losses. We reported net recoveries in each quarter for the past seven years, primarily due to improvements in the values of properties used to secure loans that were fully or partially charged off after the 2008 collapse of the housing market. Charge-offs are recognized on loans identified as collateral-dependent and subject to individual review when the collateral value does not sufficiently support full repayment of the obligation. Recoveries are recognized on previously charged-off loans as borrowers perform their repayment obligations or as loans with improved collateral positions reach final resolution. During the three months ended June 30, 2026 and June 30, 2025, recoveries exceeded loan charge-offs by $0.7 million and $0.9 million, respectively. During the three months ended June 30, 2026 and June 30, 2025, gross charge-offs were $0.5 million and $0.2 million, respectively. Delinquent loans continue to be evaluated for potential losses and provisions are recorded for the estimate of potential losses of those loans. During the three months ended June 30, 2026, the total allowance for credit losses decreased to $102.0 million, from $104.9 million at March 31, 2026. The total allowance for credit losses is comprised of the asset portion, which is applied to the loan portfolio and the liability portion, which is applied to off-balance sheet exposures, primarily related to undrawn equity exposures. During the three months ended June 30, 2026, the asset portion of the total allowance decreased to $73.5 million from $74.9 million and the liability portion of the allowance decreased to $28.5 million from $30.0 million. These decreases reflect a net $3.5 million release of provision for credit losses, consisting of a $2.1 million release related to loans and a $1.4 million release related to off-balance sheet exposures. Because many variables are considered in determining the appropriate level of GVAs, directional changes in individual considerations do not always align with the directional change in the balance of a particular component of the GVA. During the three months ended June 30, 2026, management refined the quantitative model for certain long-term fixed-rate home equity loan products, which resulted in a reduction in the allowance for credit losses allocated to the home equity loan portfolio despite continued growth in that portfolio. This reduction was also partially offset by higher growth-related allowance requirements in other loan portfolios. The amortized cost of the residential Core portfolio increased 1.9%, or $202.8 million, and its total allowance increased 4.7%, or $1.7 million, as of June 30, 2026, compared to March 31, 2026. The amortized cost of the home equity lines of credit portfolio increased 2.9%, or $128.8 million, and its total allowance increased 6.9% to $25.0 million, from $23.4 million at March 31, 2026. The amortized cost of the home equity loans increased 12.2%, or $107.9 million, and its total allowance decreased 29.3% to $12.0 million, from $17.0 million at March 31, 2026. As we are no longer originating loans under our Home Today program, there is an expected net recovery position for this portfolio which was $1.7 million at June 30, 2026 and $2.0 million at March 31, 2026. Under the CECL methodology, the life of loan concept allows for qualitative adjustments for the expected future recoveries of previously charged-off loans, which is driving the allowance balance for the Home Today loans to be negative. Refer to the "Activity in the Allowance for Credit Losses" and "Analysis of the Allowance for Credit Losses" tables in Note 4. LOANS AND ALLOWANCES FOR CREDIT LOSSES of the NOTES TO CONSOLIDATED FINANCIAL STATEMENTS for more information. 48 Table of Contents The following table sets forth the allowance for credit losses allocated by loan category, the percent of allowance in each category to the total allowance on loans, and the percent of loans in each category to total loans at the dates indicated. The allowance for credit losses allocated to each category is not necessarily indicative of future losses in any particular category and does not restrict the use of the allowance to absorb losses in other categories. The table does not include allowances for credit losses on unfunded loan commitments, which are primarily related to undrawn home equity lines of credit. June 30, 2026 September 30, 2025 Amount Percent of Allowance to Total Allowance Percent of Loans in Category to Total Loans Amount Percent of Allowance to Total Allowance Percent of Loans in Category to Total Loans (Dollars in thousands) Real estate loans: Residential Core $ 38,204 52.0% 65.9% $ 39,939 53.8% 69.0% Residential Home Today (1,714) (2.3) 0.2 (2,438) (3.3) 0.2 Home equity lines of credit 24,989 34.0 27.7 22,069 29.8 25.9 Home equity loans 12,033 16.3 6.1 14,645 19.7 4.8 Construction 4 — 0.1 29 — 0.1 Allowance for credit losses on loans $ 73,516 100.0% 100.0% $ 74,244 100.0% 100.0% 49 Table of Contents Lending Activities Loan Portfolio Composition The following table sets forth the composition of the portfolio of loans held for investment, by type of loan segregated by geographic location, at the indicated dates, excluding loans held for sale. The majority of our Home Today loan portfolio is secured by properties located in Ohio and the balances of other loans are immaterial. Therefore, neither was segregated by geographic location. June 30, 2026 September 30, 2025 Amount Percent Amount Percent (Dollars in thousands) Real estate loans: Residential Core Ohio $ 6,270,649 $ 6,304,128 Florida 1,743,768 1,811,897 Other 2,650,961 2,687,788 Total Residential Core 10,665,378 65.9 % 10,803,813 69.0 % Total Residential Home Today 32,856 0.2 35,933 0.2 Home equity lines of credit Ohio 976,552 902,048 Florida 927,320 872,045 California 765,316 681,709 Other 1,819,990 1,606,996 Total home equity lines of credit 4,489,178 27.7 4,062,798 25.9 Home equity loans Ohio 206,630 174,984 Florida 175,853 162,395 California 185,561 136,930 Other 415,650 275,239 Total home equity loans 983,694 6.1 749,548 4.8 Construction loans Ohio 15,628 10,711 Florida 1,660 1,400 Other — 191 Total construction 17,288 0.1 12,302 0.1 Other loans 7,423 — 8,153 — Total loans receivable 16,195,817 100.0 % 15,672,547 100.0 % Deferred loan expenses, net 72,241 69,943 Loans in process (12,965) (4,934) Allowance for credit losses on loans (73,516) (74,244) Total loans receivable, net $ 16,181,577 $ 15,663,312 50 Table of Contents The following table provides the amortized cost and an analysis of our real estate loans held for investment disaggregated by refreshed FICO score, year of origination and portfolio at June 30, 2026. FICO scores are updated quarterly as available. The Company treats the FICO score information as demonstrating that underwriting guidelines reduce risk rather than as a credit quality indicator utilized in the evaluation of credit risk. Revolving loans reported at amortized cost include home equity lines of credit currently in their draw period, therefore not by year of origination. Revolving loans converted to term are home equity lines of credit that are in repayment. Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term By fiscal year of origination 2026 2025 2024 2023 2022 Prior Total (Dollars in thousands) June 30, 2026 Real estate loans: Residential Core <680 $ 20,816 $ 23,259 $ 17,179 $ 56,102 $ 108,464 $ 238,398 $ — $ — $ 464,218 680-740 169,713 80,577 45,495 132,421 272,775 499,340 — — 1,200,321 741+ 822,844 483,163 327,154 1,056,744 2,045,064 4,094,343 — — 8,829,312 Unknown (1) 2,525 4,735 2,132 6,351 32,636 150,748 — — 199,127 Total Residential Core 1,015,898 591,734 391,960 1,251,618 2,458,939 4,982,829 — — 10,692,978 Residential Home Today (2) <680 — — — — — 15,652 — — 15,652 680-740 — — — — — 5,723 — — 5,723 741+ — — — — — 8,813 — — 8,813 Unknown (1) — — — — — 2,223 — — 2,223 Total Residential Home Today — — — — — 32,411 — — 32,411 Home equity lines of credit <680 — — — — — — 282,237 10,372 292,609 680-740 — — — — — — 876,352 10,238 886,590 741+ — — — — — — 3,275,138 31,531 3,306,669 Unknown (1) — — — — — — 36,153 5,149 41,302 Total Home equity lines of credit — — — — — — 4,469,880 57,290 4,527,170 Home equity loans <680 4,727 14,871 14,879 11,013 1,609 1,809 — — 48,908 680-740 80,261 44,661 42,206 20,277 4,995 3,183 — — 195,583 741+ 306,936 191,463 127,897 70,650 28,867 16,624 — — 742,437 Unknown (1) 696 339 917 974 362 733 — — 4,021 Total Home equity loans 392,620 251,334 185,899 102,914 35,833 22,349 — — 990,949 Construction 680-740 402 — — — — — — — 402 741+ 3,011 749 — — — — — — 3,760 Total Construction 3,413 749 — — — — — — 4,162 Total net real estate loans $ 1,411,931 $ 843,817 $ 577,859 $ 1,354,532 $ 2,494,772 $ 5,037,589 $ 4,469,880 $ 57,290 $ 16,247,670 (1) Data necessary for stratification is not readily available. (2) No new originations of Home Today loans since fiscal year 2016. 51 Table of Contents The following table provides amortized cost and an analysis of our real estate loans held for investment by origination LTV, origination year and portfolio at June 30, 2026. Subsequent to origination, LTVs are only updated for our home equity loans and lines of credit and for collateral-dependent residential mortgage loans. Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term By fiscal year of origination 2026 2025 2024 2023 2022 Prior Total (Dollars in thousands) June 30, 2026 Real estate loans: Residential Core <80% $ 432,447 $ 208,548 $ 152,201 $ 423,678 $ 1,395,518 $ 2,727,766 $ — $ — $ 5,340,158 80-89.9% 419,272 272,710 190,649 653,242 883,595 2,064,155 — — 4,483,623 90-100% 164,179 110,345 49,110 174,698 178,917 188,586 — — 865,835 >100% — — — — — 605 — — 605 Unknown (1) — 131 — — 909 1,717 — — 2,757 Total Residential Core 1,015,898 591,734 391,960 1,251,618 2,458,939 4,982,829 — — 10,692,978 Residential Home Today (2) <80% — — — — — 6,714 — — 6,714 80-89.9% — — — — — 10,264 — — 10,264 90-100% — — — — — 15,433 — — 15,433 Total Residential Home Today — — — — — 32,411 — — 32,411 Home equity lines of credit(3) <80% — — — — — — 4,229,960 46,957 4,276,917 80-89.9% — — — — — — 236,650 9,649 246,299 90-100% — — — — — — 982 36 1,018 >100% — — — — — — 1,991 121 2,112 Unknown (1) — — — — — — 297 527 824 Total Home equity lines of credit — — — — — — 4,469,880 57,290 4,527,170 Home equity loans <80% 375,483 243,411 181,617 100,267 34,519 20,014 — — 955,311 80-89.9% 17,110 7,683 4,282 2,647 1,292 954 — — 33,968 90-100% — — — — — 557 — — 557 >100% — 240 — — 22 824 — — 1,086 Unknown (1) 27 — — — — — — — 27 Total Home equity loans 392,620 251,334 185,899 102,914 35,833 22,349 — — 990,949 Construction <80% 3,043 — — — — — — — 3,043 80-89.9% 370 749 — — — — — — 1,119 Total Construction 3,413 749 — — — — — — 4,162 Total net real estate loans $ 1,411,931 $ 843,817 $ 577,859 $ 1,354,532 $ 2,494,772 $ 5,037,589 $ 4,469,880 $ 57,290 $ 16,247,670 (1) Market data necessary for stratification is not readily available. (2) No new originations of Home Today loans since fiscal year 2016. (3) Mean CLTV percent at origination for all home equity lines of credit is based on the committed amount. At June 30, 2026, the home equity loan portfolio had an unpaid principal balance of $983.7 million, including $20.7 million in bridge loans, and home equity lines of credit had an unpaid principal balance of $4.49 billion of which $57.0 million were in repayment and no longer eligible to be drawn upon. 52 Table of Contents The following table sets forth credit exposure, principal balance, percent delinquent 90 days or more, the mean CLTV percent at the time of origination and the current mean CLTV percent of home equity loans, home equity lines of credit and bridge loan portfolios as of June 30, 2026. Home equity lines of credit in the draw period are reported according to geographic distribution. Credit Exposure Principal Balance Percent Delinquent 90 Days or More Mean CLTV Percent at Origination (2) Current Mean CLTV Percent (3) (Dollars in thousands) Home equity lines of credit in draw period (by state) Ohio $ 2,642,171 $ 952,054 0.06 % 60 % 42 % Florida 1,825,771 912,866 0.19 56 46 California 1,664,642 757,886 0.09 58 51 Other (1) 3,917,607 1,809,410 0.16 62 51 Total home equity lines of credit in draw period 10,050,191 4,432,216 0.13 60 47 Home equity lines in repayment 56,962 56,962 0.51 57 30 Home equity loans and bridge loans 983,694 983,694 0.14 57 51 Total $ 11,090,847 $ 5,472,872 0.14 % 59 % 49 % (1)No other individual state has a committed or drawn balance greater than 10% of our total home equity lending portfolio and 5% of total loan balances. (2)Mean CLTV percent at origination for all home equity lines of credit is based on the committed amount. (3)Current Mean CLTV is based on best available first mortgage and property values as of June 30, 2026. Property values are estimated using HPI data published by the FHFA. Current Mean CLTV percent for home equity lines of credit in the draw period is calculated using the committed amount. Current Mean CLTV on home equity lines of credit in the repayment period is calculated using the principal balance. The principal balance of home equity lines of credit in the draw period that have a current CLTV over 80% or unknown, based on drawn amount, is $35.0 million, or 0.8% of the total at June 30, 2026. In recognition of the past weakness in the housing market, we continue to conduct an expanded loan level evaluation of our home equity lines of credit which are delinquent 90 days or more. At June 30, 2026, 21.2% of the home equity lending portfolio was either in a first lien position (11.1%), in a subordinate (second) lien position behind a first lien that we held (8.2%) or behind a first lien that was held by a loan that we originated, sold and now serviced for others (1.9%). At June 30, 2026, 12.0% of the home equity line of credit portfolio in the draw period were making only the minimum payment on the outstanding line balance. Minimum payments include both a principal and interest component. 53 Table of Contents Delinquent Loans The following tables set forth the amortized cost in loan delinquencies by type, segregated by geographic location and duration of delinquency as of the dates indicated. The majority of our Home Today loan portfolio is secured by properties located in Ohio, and therefore not segregated by state. There were no delinquencies within the construction and other loans portfolios as of the dates presented. Loans Delinquent for June 30, 2026 30-89 Days 90 Days or More Total Real estate loans: (Dollars in thousands) Residential Core Ohio $ 5,766 $ 3,595 $ 9,361 Florida 2,127 3,965 6,092 Other 3,309 3,600 6,909 Total Residential Core 11,202 11,160 22,362 Residential Home Today 875 865 1,740 Home equity lines of credit Ohio 1,582 599 2,181 Florida 2,752 1,699 4,451 California 1,798 788 2,586 Other 4,664 2,986 7,650 Total Home equity lines of credit 10,796 6,072 16,868 Home equity loans Ohio 178 337 515 Florida 357 703 1,060 California 187 127 314 Other 402 282 684 Total Home equity loans 1,124 1,449 2,573 Total $ 23,997 $ 19,546 $ 43,543 Loans Delinquent for September 30, 2025 30-89 Days 90 Days or More Total Real estate loans: (Dollars in thousands) Residential Core Ohio $ 5,046 $ 3,939 $ 8,985 Florida 2,578 2,474 5,052 Other 1,725 4,057 5,782 Total Residential Core 9,349 10,470 19,819 Residential Home Today 1,018 560 1,578 Home equity lines of credit Ohio 1,263 916 2,179 Florida 2,045 1,709 3,754 California 1,228 934 2,162 Other 1,637 1,737 3,374 Total Home equity lines of credit 6,173 5,296 11,469 Home equity loans Ohio 218 271 489 Florida 266 363 629 California — 106 106 Other 366 195 561 Total Home equity loans 850 935 1,785 Total $ 17,390 $ 17,261 $ 34,651 Total loans seriously delinquent (i.e. delinquent 90 days or more) were 0.12% of total net loans at June 30, 2026, and 0.11% at September 30, 2025. The percentage of seriously delinquent residential Core mortgage loans to total net loans 54 Table of Contents remained at 0.07% for both periods. Serious delinquencies increased in the home equity lines of credit portfolio to 0.04% of total net loans at June 30, 2026, from 0.03% at September 30, 2025. Serious delinquencies in the Home Today and home equity loan portfolios as compared to total net loans are not material at June 30, 2026 and September 30, 2025. Although delinquencies in most portfolios remain at or near historic lows, recent economic trends and elevated interest rates on home equity lines of credit led to an upward trend in delinquencies in that portfolio. Interest rates on home equity lines of credit are tied to the prime rate of interest which remains moderately elevated, despite the three FRS 25 basis point rate cuts in late 2025, resulting in higher and possibly less affordable monthly payments for some borrowers. Non-Performing Assets The following table sets forth the amortized costs and categories of our non-performing assets at the dates indicated. There were no construction loans reported as non-accrual at the dates presented. June 30, 2026 September 30, 2025 (Dollars in thousands) Non-accrual loans: Real estate loans: Residential Core $ 22,293 $ 23,041 Residential Home Today 2,812 3,032 Home equity lines of credit 12,787 11,141 Home equity loans 2,371 1,492 Total non-accrual loans 40,263 38,706 Real estate owned 1,339 1,921 Total non-performing assets $ 41,602 $ 40,627 Ratios: Total non-accrual loans to total loans 0.25 % 0.25 % Total non-accrual loans to total assets 0.22 % 0.22 % Total non-performing assets to total assets 0.23 % 0.23 % We continue to modify loans to work with borrowers who are experiencing financial difficulty to help them keep their homes and to preserve neighborhoods. Loan modifications may include interest rate reductions, term extensions (generally including capitalization of delinquent amounts), significant payment delays, other, or a combination thereof. For additional information, refer to Note 4. LOANS AND ALLOWANCES FOR CREDIT LOSSES. The amortized cost of collateral-dependent loans includes loans that have returned to accrual status when contractual payments became less than 90 days past due. These loans continue to be individually evaluated based on collateral until, at a minimum, contractual payments are less than 30 days past due. Additionally, the amortized cost of non-accrual loans includes loans that are not collateral‑dependent, as these loans are still assessed collectively for credit losses under CECL. The table below sets forth a reconciliation of the amortized costs and categories between non-accrual loans and collateral-dependent loans at the dates indicated. June 30, 2026 September 30, 2025 (Dollars in thousands) Non-Accrual Loans $ 40,263 $ 38,706 Accruing Collateral-Dependent Loans 12,380 12,205 Less: Loans Collectively Evaluated (5,537) (5,636) Total Collateral-Dependent loans $ 47,106 $ 45,275 Comparison of Financial Condition at June 30, 2026 and September 30, 2025 Total assets increased $618.7 million, or 3.54%, to $18.08 billion at June 30, 2026, from $17.46 billion at September 30, 2025. This change was mainly the result of increases in loans held for investment and cash and cash equivalents. Cash and cash equivalents increased $139.5 million, or 32.5%, to $568.9 million at June 30, 2026, from $429.4 million at September 30, 2025 due to normal fluctuations and liquidity management. Cash is managed to maintain the level of liquidity described later in the Liquidity and Capital Resources section. 55 Table of Contents Investment securities, all of which are classified as available for sale, decreased $38.3 million, or 7.36%, to $482.4 million at June 30, 2026, from $520.7 million at September 30, 2025. The decrease was primarily due to cash flows from security repayments and maturities exceeding purchases during the nine-month period ended June 30, 2026. Mortgage loans held for sale decreased by $43.2 million, or 74.9%, to $14.5 million at June 30, 2026, from $57.7 million at September 30, 2025, due to lower volumes of loans designated for sale and a reduction in loans committed under forward sale agreements. Loans held for investment, net of deferred loan fees and allowance for credit losses, increased $518.3 million, or 3.3%, to $16.18 billion at June 30, 2026, from $15.66 billion at September 30, 2025. During the nine months ended June 30, 2026, the home equity loans and lines of credit portfolio increased $660.5 million and residential core mortgage loans decreased $138.4 million. The changes in loans held for investment were affected by the volume of loans originated, acquired and sold. During the nine months ended June 30, 2026, total first mortgage loan originations and acquisitions were $1.18 billion compared to $760.2 million for the nine months ended June 30, 2025. Of total residential mortgage loans originated and acquired during the current period, $988.7 million (83.5%) were purchase mortgage transactions and $133.5 million (11.3%) were adjustable-rate loans. Commitments originated for home equity loans and lines of credit were $1.70 billion for the nine-month period ended June 30, 2026, compared to $1.87 billion for the nine-month period ended June 30, 2025. Refer to Note 4. LOANS AND ALLOWANCES FOR CREDIT LOSSES of the NOTES TO CONSOLIDATED FINANCIAL STATEMENTS for additional information. Federal Home Loan Bank stock increased $32.7 million, or 13.89% to $268.1 million at June 30, 2026, from $235.4 million at September 30, 2025. FHLB stock ownership requirements, established by the FHLB, dictate the minimum amount of stock owned at any given time. Premises, equipment and software, net, increased $5.6 million, or 14.00% to $45.6 million at June 30, 2026 from $40.0 million at September 30, 2025, due to increased software acquisitions. Other assets decreased $1.5 million, or 1.3%, to $110.2 million at June 30, 2026, from $111.7 million at September 30, 2025. The decrease was primarily the result of an $8.9 million decrease in the deferred tax asset, partially offset by a $7.4 million increase in prepaid expenses and other assets. Deposits decreased $454.6 million, or 4.4%, to $9.99 billion at June 30, 2026, from $10.45 billion at September 30, 2025. The decrease in deposits included a $1.19 billion decrease in the CD portfolio and a $29.7 million decrease in money market accounts, partially offset by a $752.0 million increase in savings accounts, and an $4.8 million increase in checking accounts. The maturity of CDs that convert to tiered-interest savings accounts at maturity primarily led to the movement between the CD and savings account portfolios between the periods compared. In addition, CD balances declined as a result of the competitive deposit pricing environment and the Company's strategic focus on managing funding costs at the risk of increasing customer attrition. At June 30, 2026, brokered CDs totaled $920.5 million and included $600.0 million of three-month certificates of deposit accounts aligned with pay-fixed interest rate swap contracts. Based on FDIC insurance limits by ownership structure, uninsured deposits were $398.5 million and $387.3 million at June 30, 2026 and September 30, 2025, respectively. Borrowed funds increased $940.7 million, or 19.32%, to $5.81 billion at June 30, 2026, from $4.87 billion at September 30, 2025. The total balance of borrowed funds at June 30, 2026, consisted of $1.25 billion of long-term advances with a weighted average maturity of approximately 1.5 years, $3.05 billion of one- to three-month advances, aligned with interest rate swap contracts with a remaining weighted average effective maturity of approximately 2.6 years, and overnight borrowings of $1.34 billion, all from the FHLB, and $150 million of federal funds purchased. Borrowers' advances for insurance and taxes increased $46.6 million to $159.7 million at June 30, 2026, from $113.2 million at September 30, 2025. This change primarily reflects the cyclical nature of real estate tax payments that have been collected from borrowers and are in the process of being remitted to various taxing agencies. Servicing escrows increased $14.4 million to $44.7 million at June 30, 2026, from $30.3 million at September 30, 2025. The change is primarily due to the timing of tax and insurance collections relative to disbursements, resulting in higher escrow funds held at period end. Total shareholders’ equity increased $63.5 million, or 3.4%, to $1.96 billion at June 30, 2026, from $1.89 billion at September 30, 2025. The increase reflects $76.1 million of net income, reduced by dividends of $45.2 million. Other changes include a $29.8 million increase in accumulated other comprehensive income, primarily related to a net increase in unrealized gains on swap contracts, a positive net adjustment of $7.8 million related to stock compensation and employee stock ownership plans and $5.0 million of stock repurchases. During the nine months ended June 30, 2026, a total of 355,241 shares of our common stock were repurchased at an average cost of 14.07 per share. The Company's eighth stock repurchase program allows 56 Table of Contents for a total of 10,000,000 shares to be repurchased, with 4,588,845 shares remaining to be repurchased at June 30, 2026. As a result of a mutual member vote, Third Federal Savings, MHC, the mutual holding company that owns approximately 81.0% of the outstanding stock of the Company, was able to waive the receipt of its share of the dividend paid. Refer to Part II, Item 2. Unregistered Sales of Equity Securities and Use of Proceeds for additional details regarding the repurchase of shares of common stock and the dividend waiver. Comparison of Operating Results for the Three Months Ended June 30, 2026 and 2025 Average Balances and Yields. The following table sets forth average balances, average yields and costs, and certain other information for the periods indicated. No tax-equivalent yield adjustments were made, as the effects thereof were not material. Average balances are derived from daily average balances. Non-accrual loans are included in the computation of loan average balances, but only cash payments received on those loans during the period presented are reflected in the yield. The yields set forth below include the effect of deferred fees, deferred expenses, discounts and premiums that are amortized or accreted to interest income or interest expense. Three Months Ended Three Months Ended June 30, 2026 June 30, 2025 Average Balance Interest Income/ Expense Yield/ Cost (1) Average Balance Interest Income/ Expense Yield/ Cost (1) (Dollars in thousands) Interest-earning assets: Interest-earning cash equivalents $ 381,320 $ 3,459 3.63 % $ 388,694 $ 4,354 4.48 % Investment securities 26,013 298 4.58 54,074 550 4.07 Mortgage-backed securities 443,351 3,886 3.51 474,245 4,266 3.60 Loans (2) 16,018,277 190,048 4.75 15,476,380 177,493 4.59 Federal Home Loan Bank stock 252,243 4,421 7.01 221,693 4,744 8.56 Total interest-earning assets 17,121,204 202,112 4.72 16,615,086 191,407 4.61 Noninterest-earning assets 518,146 548,257 Total assets $ 17,639,350 $ 17,163,343 Interest-bearing liabilities: Checking accounts $ 787,158 19 0.01 $ 810,566 88 0.04 Savings accounts 1,871,979 8,745 1.87 1,260,067 3,373 1.07 Certificates of deposit 7,421,813 63,788 3.44 8,311,629 73,342 3.53 Borrowed funds 5,320,453 48,182 3.62 4,595,818 39,610 3.45 Total interest-bearing liabilities 15,401,403 120,734 3.14 14,978,080 116,413 3.11 Noninterest-bearing liabilities 279,674 270,184 Total liabilities 15,681,077 15,248,264 Shareholders’ equity 1,958,273 1,915,079 Total liabilities and shareholders’ equity $ 17,639,350 $ 17,163,343 Net interest income $ 81,378 $ 74,994 Interest rate spread (1)(3) 1.58 % 1.50 % Net interest-earning assets (4) $ 1,719,801 $ 1,637,006 Net interest margin (1)(5) 1.90 % 1.81 % Average interest-earning assets to average interest-bearing liabilities 111.17 % 110.93 % Selected performance ratios: Return on average assets (1) 0.69 % 0.50 % Return on average equity (1) 6.24 % 4.49 % Average equity to average assets 11.10 % 11.16 % (1)Annualized. (2)Loans include both mortgage loans held for sale and loans held for investment. (3)Interest rate spread represents the difference between the yield on average interest-earning assets and the cost of average interest-bearing liabilities. (4)Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities. (5)Net interest margin represents net interest income divided by total interest-earning assets. 57 Table of Contents General. Net income increased $9.0 million, or 41.9%, to $30.5 million for the quarter ended June 30, 2026, from $21.5 million for the quarter ended June 30, 2025. The increase in net income was primarily attributable to an increase in net interest income and a release of provision for credit losses, partially offset by an increase in non-interest expense. Interest and Dividend Income. Interest and dividend income increased $10.7 million, or 5.6%, to $202.1 million during the current quarter, compared to $191.4 million during the same quarter of the prior year. The increase in interest and dividend income was primarily the result of an increase in interest income on loans, offset by decreases in income earned on other interest earning assets, mortgage-backed securities available for sale and FHLB stock. Interest income on loans increased $12.5 million, or 7.0%, to $190.0 million during the current quarter, compared to $177.5 million for the same quarter of the prior year. This change was primarily attributed to a 16 basis point increase in the average yield on loans for the quarter ended June 30, 2026, to 4.75%, compared to 4.59% for the same quarter of the prior year. It was also attributed to a 3.5%, or $541.9 million, increase in the average balance of loans to $16.02 billion for the quarter ended June 30, 2026, compared to $15.48 billion during the same quarter of the prior year, as new loan production exceeded principal repayments and loan sales. Interest Expense. Interest expense increased $4.3 million, or 3.7%, to $120.7 million during the current quarter, compared to $116.4 million for the quarter ended June 30, 2025. The increase was mainly due to higher interest expense on savings and borrowed funds, partially offset by lower interest expense on certificates of deposit. Interest expense on CDs, net of related interest rate swap contracts, decreased $9.5 million, or 13.0%, to $63.8 million during the current quarter, compared to $73.3 million for the quarter ended June 30, 2025. The decrease was primarily attributed to a $889.8 million, or 10.7%, decrease in the average balance of CDs to $7.42 billion during the current quarter, from $8.31 billion during the same quarter of the prior year, as well as a 9 basis point decrease in the average rate paid on CDs, to 3.44% for the current quarter, from 3.53% for the same quarter of the prior year. Interest expense on savings accounts increased by $5.3 million to $8.7 million during the quarter ended June 30, 2026, compared to $3.4 million for the quarter ended June 30, 2025. The increase was attributed to an 80 basis point increase in the average rate paid on savings accounts, to 1.87% during the current quarter, when compared to the quarter ended June 30, 2025, and a $611.9 million, or 48.6%, increase in the average balance of savings accounts to $1.87 billion for the quarter ended June 30, 2026. Interest expense on borrowed funds, net of related interest rate swap contracts, increased $8.6 million, or 21.7%, to $48.2 million during the current quarter, compared to $39.6 million for the quarter ended June 30, 2025. This increase was attributed to an increase in the average balance of borrowed funds of $724.6 million, or 15.8%, to $5.32 billion during the current quarter from an average balance of $4.60 billion during the same quarter of the prior year, as well as a 17 basis point increase in the average rate paid on borrowed funds, to 3.62% during the current quarter, when compared to the quarter ended June 30, 2025. Refer to the Extending the Duration of Funding Sources section of the Overview and Comparison of Financial Condition for further discussion. Net Interest Income. Net interest income increased $6.4 million to $81.4 million during the current quarter, compared to $75.0 million for the quarter ended June 30, 2025. The increase was primarily due to an increase in average balance and yield of interest-earning assets, partially offset by an increase in the average balance and weighted average rate paid on interest-bearing liabilities. Average interest-earning assets during the current quarter increased $506.1 million, or 3.0%, to $17.12 billion, when compared to the quarter ended June 30, 2025. The increase in average interest-earning assets was attributed primarily to an increase in the average balance of loans, offset by a decrease in the average balance of investment securities. The yield on interest-earning assets increased 11 basis points to 4.72% from 4.61%. The average balance of interest-bearing liabilities increased $423.3 million, or 2.8%, to $15.40 billion, primarily due to increases in the average balances of savings and borrowed funds, offset by a decrease in the average balance of CDs. The cost on interest-bearing liabilities increased 3 basis points to 3.14% from 3.11%. The interest rate spread increased 8 basis points to 1.58%, compared to 1.50% during the same quarter last year. The net interest margin increased 9 basis points to 1.90% in the current quarter compared to 1.81% for the same quarter last year. Refer to Controlling Our Interest Rate Risk Exposure of the Overview section for further discussion. Provision (Release) for Credit Losses. We recorded a $3.5 million release to the allowance for credit losses on loans and off-balance sheet exposures during the quarter ended June 30, 2026, compared to a provision of $1.5 million during the quarter ended June 30, 2025. Credit loss provisions (releases) are recorded with the objective of aligning our allowance for credit loss balances with our current estimates of loss in the portfolio. The release of provision was driven by a decrease in reserve 58 Table of Contents requirement for longer-term, fixed-rate home equity loans. During the quarter ended June 30, 2026, we recorded net recoveries of $0.7 million compared to net recoveries of $0.9 million for the quarter ended June 30, 2025. Refer to the Lending Activities section of Item 2. and Note 4. LOANS AND ALLOWANCES FOR CREDIT LOSSES of the NOTES TO CONSOLIDATED FINANCIAL STATEMENTS for further discussion. Non-Interest Income. Non-interest income increased $0.9 million, or 12.8%, to $7.9 million during the current quarter, compared to $7.0 million for the quarter ended June 30, 2025, primarily due to increases of $0.7 million in death benefits from BOLI and $0.3 million in loan fees and service charges. Non-Interest Expense. Non-interest expense increased $0.9 million, or 1.7%, to $54.1 million during the current quarter, compared to $53.2 million for the quarter ended June 30, 2025. The increase primarily consisted of a $0.7 million increase in salaries and employee benefits, a $0.7 million increase in office property and equipment and a $1.3 million increase in other operating expenses, partially offset by a $1.7 million decrease in marketing expense. Income Tax Expense. The provision for income taxes increased $2.3 million to $8.1 million during the current quarter, compared to $5.8 million for the quarter ended June 30, 2025, reflecting the higher level of pre-tax income during the more recent period. The provision for the current quarter included $7.3 million of federal income tax provision and $0.8 million of state income tax expense. The provision for the quarter ended June 30, 2025, included $5.2 million of federal income tax provision and $0.6 million of state income tax expense. Our effective federal tax rate was 19.2% and 19.6% during the quarters ended June 30, 2026 and June 30, 2025, respectively. 59 Table of Contents Comparison of Operating Results for the Nine Months Ended June 30, 2026 and 2025 Average balances and yields. The following table sets forth average balances, average yields and costs, and certain other information for the periods indicated. No tax-equivalent yield adjustments were made, as the effects thereof were not material. Average balances are derived from daily average balances. Non-accrual loans are included in the computation of loan average balances, but only cash payments received on those loans during the period presented are reflected in the yield. The yields set forth below include the effect of deferred fees, deferred expenses, discounts and premiums that are amortized or accreted to interest income or interest expense. Nine Months Ended Nine Months Ended June 30, 2026 June 30, 2025 Average Balance Interest Income/ Expense Yield/ Cost (1) Average Balance Interest Income/ Expense Yield/ Cost (1) (Dollars in thousands) Interest-earning assets: Interest-earning cash equivalents $ 386,131 $ 10,847 3.75 % $ 409,905 $ 13,881 4.52 % Investment securities 16,675 503 4.02 56,121 1,776 4.22 Mortgage-backed securities 452,540 11,907 3.51 465,065 12,250 3.51 Loans (2) 15,870,617 558,509 4.69 15,384,513 521,151 4.52 Federal Home Loan Bank stock 241,612 13,587 7.50 222,495 15,069 9.03 Total interest-earning assets 16,967,575 595,353 4.68 16,538,099 564,127 4.55 Noninterest-earning assets 529,758 535,725 Total assets $ 17,497,333 $ 17,073,824 Interest-bearing liabilities: Checking accounts $ 789,992 128 0.02 $ 819,669 267 0.04 Savings accounts 1,609,632 19,553 1.62 1,256,348 9,448 1.00 Certificates of deposit 7,844,013 205,866 3.50 8,220,860 220,409 3.57 Borrowed funds 5,049,654 134,942 3.56 4,597,155 118,632 3.44 Total interest-bearing liabilities 15,293,291 360,489 3.14 14,894,032 348,756 3.12 Noninterest-bearing liabilities 268,131 259,142 Total liabilities 15,561,422 15,153,174 Shareholders’ equity 1,935,911 1,920,650 Total liabilities and shareholders’ equity $ 17,497,333 $ 17,073,824 Net interest income $ 234,864 $ 215,371 Interest rate spread (1)(3) 1.54 % 1.43 % Net interest-earning assets (4) $ 1,674,284 $ 1,644,067 Net interest margin (1)(5) 1.85 % 1.74 % Average interest-earning assets to average interest-bearing liabilities 110.95 % 111.04 % Selected performance ratios: Return on average assets (1) 0.58 % 0.51 % Return on average equity (1) 5.24 % 4.51 % Average equity to average assets 11.06 % 11.25 % (1)Annualized. (2)Loans include both mortgage loans held for sale and loans held for investment. (3)Interest rate spread represents the difference between the yield on average interest-earning assets and the cost of average interest-bearing liabilities. (4)Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities. (5)Net interest margin represents net interest income divided by total interest-earning assets. 60 Table of Contents General. Net income increased $11.1 million to $76.1 million for the nine months ended June 30, 2026, compared to $65.0 million for the nine months ended June 30, 2025. The increase in net income was primarily driven by an increase in net interest income and a decrease in the provision for credit losses, partially offset by an increase in non-interest expense. Interest and Dividend Income. Interest and dividend income increased $31.3 million, or 5.5%, to $595.4 million during the nine months ended June 30, 2026, compared to $564.1 million during the same nine months in the prior year. The increase in interest and dividend income resulted mainly from an increase in interest income on loans, partially offset by decreases in income earned on FHLB stock, investment securities and other interest-bearing cash equivalents. Interest income on loans increased $37.3 million, or 7.2%, to $558.5 million for the nine months ended June 30, 2026, compared to $521.2 million for the nine months ended June 30, 2025. This increase was attributed mainly to a 17 basis point increase in the average yield on loans to 4.69% for the nine months ended June 30, 2026, from 4.52% for the same nine months in the prior fiscal year. Adding to the increase was a $486.1 million increase in the average balance of loans to $15.87 billion for the current nine months, compared to $15.38 billion for the prior fiscal year period as new loan production exceeded repayments and loan sales during the current fiscal year. Interest Expense. Interest expense increased $11.7 million, or 3.4%, to $360.5 million during the current nine months, compared to $348.8 million during the nine months ended June 30, 2025. This increase mainly resulted from an increase in the average rate paid and balance of borrowed funds and savings accounts, partially offset by a decrease in the average rate paid on CDs and a decrease in CD balances. Interest expense on CDs, net of related interest rate swap contracts, decreased $14.5 million, or 6.6%, to $205.9 million during the nine months ended June 30, 2026, compared to $220.4 million during the nine months ended June 30, 2025. The decrease was attributed primarily to a $376.9 million, or 4.6%, decrease in the average balance of CDs to $7.84 billion, from $8.22 billion during the same nine months of the prior fiscal year. In addition, there was a 7 basis point decrease in the average rate paid on CDs to 3.50% during the current nine months from 3.57% during the same nine months last fiscal year. Interest expense on savings accounts increased $10.2 million to $19.6 million during the nine months ended June 30, 2026, compared to interest expense of $9.4 million for the nine-month period ended June 30, 2025. The increase was attributed primarily to a $353.3 million, or 28%, increase in the average balance of savings accounts. In addition, there was a 62 basis point increase in the average rate paid on savings accounts to 1.62% during the current nine months, from 1.00% during the prior nine months ended June 30, 2025. Interest expense on borrowed funds, net of related interest rate swap contracts, increased $16.3 million, or 13.7%, to $134.9 million during the nine months ended June 30, 2026, from $118.6 million during the nine months ended June 30, 2025. The increase was primarily the result of an increase of $452.5 million in the average balance of borrowed funds to $5.05 billion for the nine months ended June 30, 2026, compared to $4.60 billion for the same period of the prior fiscal year. There was a 12 basis point increase in the average rate paid for these funds to 3.56%, from 3.44% for the nine months ended June 30, 2026 and June 30, 2025, respectively. Refer to the Extending the Duration of Funding Sources section of the Overview and Comparison of Financial Condition for further discussion. Net Interest Income. Net interest income increased $19.5 million, or 9.1%, to $234.9 million during the nine months ended June 30, 2026, from $215.4 million during the nine months ended June 30, 2025. The yield on interest-earning assets, primarily loans, increased by 13 basis points to 4.68% from 4.55% compared to the prior-year period, as lower-rate residential mortgages were replaced with higher-yielding mortgage loans and home equity products. The cost of interest-bearing liabilities increased 2 basis points. As a result, the interest rate spread improved to 1.54% for the nine months ended June 30, 2026, compared to 1.43% for the nine months ended June 30, 2025, and the net interest margin increased to 1.85% from 1.74% over the same period. Average interest-earning assets increased during the current nine months by $429.5 million to $16.97 billion when compared to $16.54 billion for the nine months ended June 30, 2025. The increase in average assets was attributed primarily to a $486.1 million increase in the average balance of our loans, along with a $19.1 million increase in the average balance of FHLB stock, partially offset by a $39.4 million decrease in the average balance of investment securities and a $23.8 million decrease in the average balance of interest-bearing cash equivalents. Average interest-bearing liabilities increased $399.3 million to $15.29 billion, compared to $14.89 billion for the prior-year period primarily driven by increased average balances of borrowed funds and savings accounts, partially offset by a decrease in the average balance of CDs. Provision (Release) for Credit Losses. We recorded a release for credit losses on loans and off-balance sheet exposures of $4.5 million during the nine months ended June 30, 2026, and a $1.5 million provision for credit losses during the nine months ended June 30, 2025. In the current nine months, we recorded net recoveries of $2.2 million, as compared to net recoveries of $3.1 million for the nine months ended June 30, 2025. Credit loss provisions (releases) are recorded with the objective of 61 Table of Contents aligning our allowance for credit loss balances with our current estimates of loss in the portfolio. As delinquencies in the portfolio have been resolved through pay-off, short sale or foreclosure, or management determines the collateral is not sufficient to satisfy the loan balance, uncollected balances have been charged against the allowance for credit losses previously provided. Refer to the Lending Activities section of the Overview and Note 4. LOANS AND ALLOWANCES FOR CREDIT LOSSES of the NOTES TO CONSOLIDATED FINANCIAL STATEMENTS for further discussion. Non-Interest Income. Non-interest income increased $2.8 million, or 14%, to $23.4 million during the nine months ended June 30, 2026, compared to $20.6 million during the nine months ended June 30, 2025. The increase was primarily due to increases of $0.9 million in loan fees and service charges and $1.9 million in net gain on the sale of loans. During the nine months ended June 30, 2026 and 2025, there were $260.3 million and $210.6 million of loans sold with net gains on the sale of loans totaling $4.9 million and $3.0 million, respectively. Non-Interest Expense. Non-interest expense increased $13.5 million, or 9%, to $165.7 million during the nine months ended June 30, 2026, compared to $152.2 million during the nine months ended June 30, 2025. This increase was driven by a $7.2 million increase in salaries and employee benefits, a $4.7 million increase in other operating expenses, and a $2.0 million increase in office property and equipment, partially offset by a $0.5 million decrease in federal insurance premiums. The increase in salaries and benefits was mainly the result of a one-time discretionary bonus provided to all associates in December 2025, totaling $2.2 million, as well as higher staffing levels and stock-based compensation expenses, partially offset by an increase in capitalized payroll costs related to the implementation of a new core banking system. Income Tax Expense. The provision for income taxes increased $3.7 million to $21.0 million during the nine months ended June 30, 2026, from $17.3 million for the nine months ended June 30, 2025, reflecting the higher level of pre-tax income during the more recent periods. The provision for the current nine months included $18.6 million of federal income tax provision and $2.4 million of state income tax provision. The provision for the nine months ended June 30, 2025, included $15.7 million of federal income tax provision and $1.6 million of state income tax provision. Our effective federal tax rate was 19.6% during the nine months ended June 30, 2026, and 19.5% during the nine months ended June 30, 2025. Liquidity and Capital Resources Liquidity is the ability to meet current and future financial obligations of a short-term nature. Our primary sources of funds consist of deposit inflows, loan repayments, advances from the FHLB of Cincinnati, borrowings from the FRB-Cleveland Discount Window, overnight Fed Funds through various arrangements with other institutions, proceeds from brokered CD transactions, principal repayments and maturities of securities, and sales of loans. In addition to the primary sources of funds described above, we have the ability to obtain funds through the use of collateralized borrowings in the wholesale markets, and from sales of securities. Also, debt issuance by the Company and access to the equity capital markets via a supplemental minority stock offering or a full conversion (second-step) transaction remain as other potential sources of liquidity, although these channels generally require meaningful lead times. While maturities and scheduled amortization of loans and securities are predictable sources of funds, deposit flows and mortgage prepayments are greatly influenced by interest rates, economic conditions and competition. The Association’s Asset/Liability Management Committee is responsible for establishing and monitoring our liquidity targets and strategies in order to ensure that sufficient liquidity exists for meeting the borrowing needs and deposit withdrawals of our customers, as well as unanticipated contingencies. We generally seek to maintain a minimum liquidity ratio of 5% (which we compute as the sum of the average cash and cash equivalents plus unencumbered investment securities for which ready markets exist, divided by total average interest-earning assets). For the three months ended June 30, 2026, our liquidity ratio averaged 5.42%. We had sufficient sources of liquidity to satisfy our short- and long-term liquidity needs as of June 30, 2026. We regularly adjust our investments in liquid assets based upon our assessment of expected loan demand, expected deposit flows, yields available on interest-earning deposits and securities, scheduled liability maturities and the objectives of our asset/liability management program. Excess liquidity is generally invested in interest-earning deposits and short- and intermediate-term securities. Our most liquid assets are cash and cash equivalents. The levels of these assets are dependent upon our operating, financing, lending and investing activities during any given period. At June 30, 2026, cash and cash equivalents totaled $568.9 million, which represented an increase of 32.5% from $429.4 million at September 30, 2025. Investment securities classified as available-for-sale, all of which are government guaranteed, provide additional sources of liquidity, totaled $482.4 million at June 30, 2026. 62 Table of Contents During the nine-month period ended June 30, 2026, we settled $246.0 million of loan sales and had commitments to sell $22.2 million of mortgage loans to Fannie Mae at June 30, 2026. Our cash flows are derived from operating activities, investing activities and financing activities as reported in our CONSOLIDATED STATEMENTS OF CASH FLOWS. At June 30, 2026, we had $412.6 million in outstanding commitments to originate loans. In addition to commitments to originate loans, we had $5.62 billion in unfunded home equity lines of credit to borrowers. CDs due within one year of June 30, 2026, totaled $5.56 billion, or 55.6% of total deposits. If these deposits do not remain with us, we will be required to seek other sources of funds, including loan sales, sales of investment securities, other deposit products, including new CDs, brokered CDs, FHLB advances, borrowings from the FRB-Cleveland Discount Window or other collateralized borrowings. Depending on market conditions, we may be required to pay higher rates on such deposits or other borrowings than we currently pay on the CDs due on or before June 30, 2027. We believe, however, based on past experience, that a significant portion of such deposits will remain with us. Generally, we have the ability to attract and retain deposits by adjusting the interest rates offered. Our primary investing activities are originating and acquiring residential mortgage loans, originating home equity loans and lines of credit and purchasing investment securities. During the nine months ended June 30, 2026, we originated $1.18 billion of residential mortgage loans and $1.70 billion of commitments for home equity loans and lines of credit, while during the nine months ended June 30, 2025, we originated $760.2 million of residential mortgage loans and $1.87 billion of commitments for home equity loans and lines of credit. We purchased $114.7 million of securities during the nine months ended June 30, 2026, and $141.7 million during the nine months ended June 30, 2025. Also, during the nine months ended June 30, 2026 and June 30, 2025, we acquired $215.1 million and $282.5 million of long-term, residential mortgage loans, respectively. Financing activities consist primarily of changes in deposit accounts, changes in the balances of principal and interest owed on loans serviced for others, FHLB advances, including any collateral requirements related to interest rate swap agreements and borrowings from the FRB-Cleveland Discount Window. We experienced a net decrease in total deposits of $454.6 million during the nine months ended June 30, 2026, compared to a net increase of $146.4 million during the nine months ended June 30, 2025. Deposit flows are affected by the overall level of interest rates, the interest rates and products offered by us and our local competitors, and by other factors. During the nine months ended June 30, 2026, there was a $18.4 million increase in the balance of brokered CDs (exclusive of acquisition costs and subsequent amortization), which had a balance of $920.5 million at June 30, 2026. Principal and interest owed on loans serviced for others experienced a net increase of $14.4 million to $44.7 million during the nine months ended June 30, 2026, compared to a net increase of $1.5 million to $30.2 million during the nine months ended June 30, 2025. During the nine months ended June 30, 2026, we increased our total borrowings by $940.7 million primarily to fund loan growth. During the nine months ended June 30, 2025, our total borrowings increased by $90.1 million. Liquidity management is both a daily and long-term function of business management. If we require funds beyond our ability to generate them internally, borrowing agreements exist with the FHLB of Cincinnati and the FRB-Cleveland Discount Window, and arrangements with other institutions to purchase overnight Fed Funds, each of which provides an additional source of funds. The FHLB of Cincinnati approved the Association's allowable borrowing limit of 45% of total assets, as long as the Association maintains compliance with certain credit and regulatory criteria and meets collateral requirements. In an effort to manage our available borrowing capacity with the FHLB, the Company has the ability to replace a portion of its 90-day FHLB advances with like-term brokered deposits. At June 30, 2026, we had $5.65 billion of FHLB of Cincinnati advances, $150.0 million outstanding borrowings in the form of Fed Funds, and no outstanding borrowings from the FRB-Cleveland Discount Window. During the nine months ended June 30, 2026, we had average outstanding advances from the FHLB of Cincinnati of $5.05 billion, as compared to average outstanding advances of $4.60 billion during the nine months ended June 30, 2025. Refer to the Extending the Duration of Funding Sources section of the Overview for further discussion. The Association and the Company are subject to various regulatory capital requirements, including a risk-based capital measure. The Basel III capital framework ("Basel III Rules") includes both a revised definition of capital and guidelines for calculating risk-weighted assets by assigning balance sheet assets and off-balance sheet items to broad risk categories. The Association and the Company elected to apply the CECL regulatory capital transition provisions issued by the federal banking agencies under the 2019 CECL Rule and the 2020 CECL Interim Final Rule. Pursuant to these provisions, the day‑one CECL adoption impact and eligible subsequent changes in the allowance for credit losses were deferred and phased into regulatory capital in accordance with the prescribed transition methodology. The transition period was completed as of September 30, 2025, and CECL is now fully reflected in the Company’s and the Association’s regulatory capital ratios. 63 Table of Contents The Association is subject to the "capital conservation buffer" requirement level of 2.5%. The requirement limits capital distributions and certain discretionary bonus payments to management if the institution does not hold a "capital conservation buffer" in addition to the standard minimum capital requirements. At June 30, 2026, the Association exceeded the regulatory requirement for the "capital conservation buffer". As of June 30, 2026, the Association exceeded all regulatory requirements to be considered “Well Capitalized” as presented in the table below (dollar amounts in thousands). Capital remains a source of financial strength for the Association and the Company. Preserving capital to levels in excess of regulatory minimums is a priority for the Association and the Company, especially given the uncertainty and pressures of the current economic environment. The Association intends to maintain minimum capital ratios to exceed total capital to risk-weighted assets of 13.0%, tier 1 (leverage) capital to net average assets of 9.0%, and tier 1 capital to risk-weighted assets of 11.0%. Actual Well Capitalized Levels Amount Ratio Amount Ratio Total Capital to Risk-Weighted Assets $ 1,862,507 16.65 % $ 1,118,920 10.00 % Tier 1 (Leverage) Capital to Net Average Assets 1,760,464 9.99 % 881,197 5.00 % Tier 1 Capital to Risk-Weighted Assets 1,760,464 15.73 % 895,136 8.00 % Common Equity Tier 1 Capital to Risk-Weighted Assets 1,760,464 15.73 % 727,298 6.50 % The capital ratios of the Company as of June 30, 2026, are presented in the table below (dollar amounts in thousands). Actual Amount Ratio Total Capital to Risk-Weighted Assets $ 1,991,405 17.79 % Tier 1 (Leverage) Capital to Net Average Assets 1,889,362 10.72 % Tier 1 Capital to Risk-Weighted Assets 1,889,362 16.88 % Common Equity Tier 1 Capital to Risk-Weighted Assets 1,889,362 16.88 % In addition to the operational liquidity considerations described above, which are primarily those of the Association, the Company, as a separate legal entity, also monitors and manages its own parent company-only liquidity, which provides the source of funds necessary to support all of the parent company's stand-alone operations, including its capital distribution strategies which encompass its share repurchase and dividend payment programs. The Company's primary source of liquidity is dividends received from the Association. The amount of dividends that the Association may declare and pay to the Company in any calendar year, without the receipt of prior approval from the OCC but with prior notice to the FRB-Cleveland, cannot exceed net income for the current calendar year-to-date period plus retained net income (as defined) for the preceding two calendar years, reduced by prior dividend payments made during those periods. In December 2025, the Company received a $65 million cash dividend from the Association. Because of its intercompany nature, this dividend payment had no impact on the Company's capital ratios or its CONSOLIDATED STATEMENTS OF CONDITION but reduced the Association's reported capital ratios. At June 30, 2026, the Company had, in the form of cash and a demand loan from the Association, $137.1 million of funds readily available to support its stand-alone operations. The payment of dividends, support of asset growth and strategic stock repurchases are planned to continue in the future as the focus for future capital deployment activities. See Part II Other Information Item 2. Unregistered Sales of Equity Securities and Use of Proceeds for details on stock repurchase programs, dividends paid and dividend waivers.