First National Of Nebraska, Inc. · OTC:FINN
First National Of Nebraska — Shareholder Meeting (May 2026)
20 slides from First National Of Nebraska's shareholder meeting presentation, May 20, 2026
Slide 1: Annual Shareholders' Meeting
ANNUAL SHAREHOLDERS’ MEETING May 20, 2026 © FIRST NATIONAL OF NEBRASKA, INC.
Slide 2: First National of Nebraska
First National of Nebraska ABOUT • Headquartered in Omaha, Nebraska with over 4,500 employees and $35B in assets • Founded in 1857, First National is rooted in six generations of family leadership • One of the largest privately held banks in the U.S. and the largest bank in Nebraska • The 3rd larges
Slide 3: Country Club Bank Acquisition
Country Club Bank Acquisition CLOSED OCTOBER 1, 2025 • $2.2 billion of assets, $2.0 billion of deposits and 400 employees • 20 branches in Kansas and Missouri CCB FNBO Combined Market Share #10 #17 #8 Branches 20 10 30 • Traditional bank operating within FNBO, while capital markets business combined
Slide 4: Top Performing for Shareholders
Top Performing for Shareholders Represents FNNI Peer Top Peer Median Quartile Leader 2025 7.7 9.6% 11.5% 14.7% 2024 7.7% 10.3% 13.2% 2023 8.4% 8.7% 10.8% 2022 10.8% 11.2% 13.4% 2021 10.3% 13.5% 17.2% 2020 7.7% 9.9% 11.6% 2019 9.5% 10.9% 12.4% 2018 9.9% 11.9% 13.7% 2017 6.7% 7.3% 9.7% 2016 8.0% 9.6%
Slide 5: Dividend History
Dividend History $450 ($ per share) $395 $400 $380 $350 $300 $280 $260 $250 $210 $210 $200 $200 $147 $120 $160 $150 $100 $100 $120 $120 $120 $120 $120 $100 $100 $100 $100 $50 $40 $0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Q1 Quarterly Dividends Special Dividends 5
Slide 6: 2025 Performance
2025 Performance 6
Slide 7: Balance Sheet
Balance Sheet ($ in millions) FY25 vs. FY24 2023 2024 2025 % Change ASSETS Cash & Due $ 1,475 $ 2,147 $ 1,950 -9% Investments 5,418 5,528 6,147 11% Loans 22,792 22,915 24,834 8% Allowance for Loan Losses (990) (910) (959) 5% Other Assets 2,591 2,572 2,951 15% Total Assets $ 31,286 $ 32,253 $ 34,923
Slide 8: High Quality Investment Portfolio
High Quality Investment Portfolio Composition of AFS Portfolio As of December 31, 2025 Total available for sale securities Period-end balance: $5.8 billion, at fair value Average Rate Duration (yrs) 4% 10% Treasuries 2.20% 2.0 7% 2% 1% Treasuries US Agencies 3.23% 1.0 US Agencies Agency Mortgage 3.5
Slide 9: Loans
Loans December 31, 2022 December 31, 2025 Mortgage & + 35% Consumer + 21% $2,113 Commercial $1,570 & Industrial $2,011 $2,433 $8,338 + 0% Bankcard $2,143 + 57% Agriculture $8,323 $3,355 Real Estate $1,908 $4,515 $6,406 $1,267 + 51% Consumer, Unsecured + 42% Loan Composition 2022 2025 Partnership Cre
Slide 10: Credit Quality
Credit Quality Provision & Net Charge-offs Allowance for Credit Losses (ACL) Trend 0 5.00% $649M 0 $559M $559M 4.00% 0 0 $345M 3.00% $327M $331M $323M $291M 2.84% 0 $272M 2.29% 2.00% 0 2.19% 2.09% 1.96% 2.00% 1.59% 1.64% 0 1.00% 1.00% $7M 1.06% 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0)
Slide 11: Deposit Portfolio
Deposit Portfolio Total number of Average balance of Percent of deposits ($) customers1 accounts2 uninsured2 749k $27,686 34% Top 10 Commercial Sectors % of Total (NAICS Sector / Industry) Deposits Diversified Deposit Portfolio Finance and Insurance 7.3% As of December 31, 2025 Public Administration
Slide 12: Capital
Capital ($ in millions) $4,500 11.52% 12.00% 11.10% 11.29% 11.15% 11.04% 10.79% 10.83% 10.46% $4,000 10.06% 10.00% $3,875 10.00% $3,500 $3,321 8.00% $3,000 $2,932 $2,846 $2,823 $2,699 6.00% $2,500 $2,402 $2,165 $2,028 4.00% $1,963 $2,000 2.00% $1,500 $1,000 0.00% 2016 2017 2018 2019 2020 2021 2022 2
Slide 13: Earnings
Earnings ($ in millions) FY25 vs. FY24 2023 2024 2025 % Change Net Interest Income $ 1,780 $ 1,864 $ 1,974 6% Non-Interest Income 427 587 737 25% Total Revenue 2,206 2,452 2,711 11% Non-Interest Expense 1,266 1,335 1,453 9% Pre-Provision Net Revenue 940 1,117 1,257 13% Partnership Provision 618 511
Slide 14: Fee Income Businesses
Fee Income Businesses Fee Income as a % of Total Revenue 30% target 27% 24% 6% Other 6% 19% 2% Technology Services 5% 3% 2% Insurance 2% 3% 2% 3% Treasury Services 3% 3% 3% Wealth 3% 7% 3% Northland 1% 5% 5% 4% Net Interchange 2023 2024 2025 Total Fee Income $427 million $587 million $737 million gr
Slide 15: Holding Company & Shareholder Data
Holding Company & Shareholder Data ($ in millions except per share data) 2023 2024 2025 Holding Co Cash $ 482 $ 478 $ 656 Stockholders' Equity $ 2,823 $ 3,321 $ 3,875 Shares Outstanding 259,135 270,933 270,230 Book Value per Share $ 10,895 $ 12,257 $ 14,341 Dividend per Share $ 120 $ 280 $ 395 15
Slide 16: Banking Industry
Banking Industry 16
Slide 17: Peer Comparisons
Peer Comparisons As of the year ended December 31, 2025 FNNI Industry* Fed Peers* Return on average equity 14.7 9.9 9.6 Return on average tangible common equity 16.8 13.8 13.0 Return on average assets 1.64 1.10 1.05 Net interest margin 6.48 3.30 3.37 Deposit cost 2.00 2.01 2.01 Revenue growth 10.6 9
Slide 18: Q1 2026 Update
Q1 2026 Update 18
Slide 19: First Quarter Update
First Quarter Update 2026 2025 $ in millions 2026 vs 2025 BALANCE SHEET HIGHLIGHTS Loans $ 24,602 $ 22,612 1,990 9% Deposits 27,834 25,627 2,207 9% Equity / Assets 11.39% 10.80% 58 bps EARNINGS HIGHLIGHTS Net interest income $ 508 $ 475 32 7% Non-interest income 171 147 24 16% Total Revenue 679 622
Slide 20: Annual Shareholders' Meeting
ANNUAL SHAREHOLDERS’ MEETING May 20, 2026 © FIRST NATIONAL OF NEBRASKA, INC.
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