Slide 1: 2026 Third Quarter Earnings Presentation
October 13, 2026 2026 Third Quarter Earnings Presentation
Slide 2: Forward-looking statements
1 Forward–looking statements Certain statements contained in this Presentation that are not historical in nature may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent the Company’s current expecta
Slide 3: Use of non-GAAP financial measures
2 Use of non-GAAP financial measures This Presentation contains certain financial measures that are not measures recognized under U.S. generally accepted accounting principles (“GAAP”) and therefore are considered non-GAAP financial measures. These non-GAAP financial measures may include, without li
Slide 4: 3Q 2026 Results Key highlights
3 3Q 2026 Results 1 Non-GAAP financial measure; See “Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. Key highlights Earnings • Net income of $60.2 million or $60.9 million (adjusted)1 • Returns remain strong and within Company’s target ranges • Higher net interest income (NI
Slide 5: 3Q 2026 Earnings
4 3Q 2026 Earnings Quarter ended $ Change from $ in thousands, except per share data 3Q26 2Q26 3Q25 2Q26 3Q25 Total Revenue 174,486 174,752 173,875 (266) 611 Provision for credit losses 1,424 10,116 34,417 (8,692) (32,993) Noninterest Expense 96,034 91,480 109,856 4,554 (13,822) Pre-tax income 77,02
Slide 6: Driving shareholder value
5 Driving shareholder value ¹ Non-GAAP financial measure; See “Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. 2 3Q26 calculation is preliminary and subject to change. $2.57 $2.48 $2.45 $3.43 $3.01 $3.40 $3.99 $3.47 2023 2024 2025 2026 YTD Earnings per share Adjusted earning
Slide 7: Net Interest Margin
6 Net Interest Margin $148.1 $150.6 $146.8 $149.8 $150.8 3.95% 3.98% 3.94% 3.95% 3.83% 3Q25 4Q25 1Q26 2Q26 3Q26 FTE NII / NIM Trend ($ millions) Net Interest Income (NII) Net Interest Margin (NIM) Highlights Net Interest Income Rollforward ($ in thousands) 2Q26 Net Interest Income $ 149,788 Impact o
Slide 8: Noninterest Income & Expense
7 Noninterest Income & Expense $109.9 $91.5 $96.0 63.2% 52.3% 55.0% 3Q25 2Q26 3Q26 Noninterest Expense ($ millions) Noninterest Expense Efficiency Ratio $93.5 $91.5 $95.3 53.3% 52.0% 54.3% 3Q25 2Q26 3Q26 Adj. Noninterest Expense ($ millions) Adj. Noninterest Expense Adj. Efficiency Ratio $26.6 $25.8
Slide 9: Loans HFI
8 Loans HFI $12.30 $12.38 $12.50 $12.87 $13.18 6.75% 6.64% 6.51% 6.48% 6.42% 3Q25 4Q25 1Q26 2Q26 3Q26 Loans HFI / Total Yield ($ billions) Loans HFI Total Loan HFI Yield 1-4 family 16% 1-4 family HELOC 6% Multifamily 6% C&D 9% CRE 23% C&I 34% Other 6% Portfolio Mix $13.2 Billion 1 C&I includes owner
Slide 10: Diversified loan portfolio
9 Office 16% Retail 19% Hotel 17% Warehouse/Industrial 22% Land-Manufactured Housing 4% Self Storage 5% Healthcare Facility 2% Assisted Living Facility 7% Other 8% Residential Development 30% Commercial 41% Consumer 20% Multifamily 9% Construction 23% Land 5% Lots 2% Diversified loan portfolio CRE2
Slide 11: Office and geographic exposure
10 Nashville 40% Memphis 6%Knoxville 3%Huntsville 6% Birmingham 15% Chattanooga 1% Other 7% Atlanta 9% Communities 13% Class A 22% Class B 42% Class C 12% Under $2 Million 24% Office exposure Geographic exposure Note: Data as of September 30, 2026. Data is only non-owner occupied CRE & C&D loans. Da
Slide 12: Valuable deposit base
11 Valuable deposit base Cost of deposits 19.5% 18.9% 18.9% 19.3% 18.9% 2.53% 2.40% 2.27% 2.26% 2.32% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 3Q25 4Q25 1Q26 2Q26 3Q26 Noninterest-bearing as % of total deposits Cost of total deposits (%) Deposits by cus
Slide 13: Provision for credit losses and asset quality
12 $34,417 $1,232 $3,024 $10,116 $1,424 0.05% 0.05% 0.11% 0.06% 0.04% 3Q25 4Q25 1Q26 2Q26 3Q26 Provision for Credit Losses & Net Charge Offs ($ thousands) Provision for Credit Losses NCO Ratio (ann.) Asset Quality Metrics • Reserve levels remained steady – improved economic forecast largely offsets
Slide 14: Allowance modeling and reserve allocation
13 1.50% 1.21% 1.18% 0.96% 2.33% 1.60% 1.78% 1.48% 3.35% 1.51% 1.16% 1.39% 0.89% 2.37% 1.51% 1.77% 1.27% 3.29% 1.47% 1.14% 1.36% 0.86% 2.27% 1.45% 1.76% 1.23% 3.12% Gross Loans HFI Commercial & Industrial Non-Owner Occ CRE Owner Occ CRE Construction Multifamily 1-4 Family Mortgage 1-4 Family HELOC C
Slide 15: Capital & Liquidity
14 Capital & Liquidity Simple Capital Structure Common Equity Tier 1 Capital 81% Subordinated Notes 10% Tier 2 ACL 9% Total regulatory capital: $2,042 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. 2 3Q26 calculation is preliminary and sub
Slide 16: Securities Portfolio
15 Securities Portfolio • Securities portfolio is ~9% of Total Assets • Favorable securities portfolio structure – • No Held-to-Maturity (HTM) Securities • ~$60 million in unrealized losses in AOCI, net of tax • Low unrealized losses at only ~3% of Total Equity • Portfolio stats: • 3.93% weighted av
Slide 17: Clean balance sheet, limited mark-to-market loss position
16 TCE/TA 13.4% 13.2% 11.2% 11.1% 11.0% 10.7% 9.9% 9.7% 9.6% 9.6% 9.5% 9.5% 9.1% 9.0% 9.0% 8.9% 8.3% 7.9% 7.7% Stated CET1 Peer median: 9.6% 15.5% 16.3% 20.4% 13.4% 12.8% 11.8% 17.1% 13.3% 11.9% 12.5% 13.8% 11.0% 11.1% 11.5% 11.2% 11.6% 12.3% 12.9% 11.5% AOCI + HTM SECURITIES MARKS / TOTAL EQUITY (S
Slide 18: Mortgage results
17 Mortgage results • One-time charge for subservicer transitions costs of $719k weighs on segment’s GAAP profitability in Q3 • Mortgage segment adjusted pre-tax income of ~$64 thousand, or GAAP loss of $655 thousand including the one-time item • Revenues impacted by lower sales volumes in the quart
Slide 19: Appendix
FB RreBank Appendix
Slide 20: Adjusted net income and diluted earnings per share
19 GAAP reconciliations and use of non-GAAP financial measures Adjusted net income and diluted earnings per share
Slide 21: Adjusted net income and diluted earnings per share
20 GAAP reconciliations and use of non-GAAP financial measures Adjusted net income and diluted earnings per share
Slide 22: Adjusted pre-tax pre-provision net revenue
21 GAAP reconciliations and use of non-GAAP financial measures Adjusted pre-tax pre-provision net revenue
Slide 23: Adjusted pre-tax pre-provision net revenue
22 GAAP reconciliations and use of non-GAAP financial measures Adjusted pre-tax pre-provision net revenue
Slide 24: Adjusted tangible net income
23 GAAP reconciliations and use of non-GAAP financial measures Adjusted tangible net income
Slide 25: Adjusted tangible net income
24 GAAP reconciliations and use of non-GAAP financial measures Adjusted tangible net income
Slide 26: Adjusted total risk-based capital
25 GAAP reconciliations and use of non-GAAP financial measures Adjusted total risk-based capital
Slide 27: Core efficiency ratio (tax-equivalent basis)
26 GAAP reconciliations and use of non-GAAP financial measures Core efficiency ratio (tax-equivalent basis)
Slide 28: Core efficiency ratio (tax-equivalent basis)
27 GAAP reconciliations and use of non-GAAP financial measures Core efficiency ratio (tax-equivalent basis)
Slide 29: Banking segment core efficiency ratio (tax-equivalent basis)
28 GAAP reconciliations and use of non-GAAP financial measures Banking segment core efficiency ratio (tax-equivalent basis)
Slide 30: Mortgage segment core efficiency ratio (tax-equivalent basis)
29 GAAP reconciliations and use of non-GAAP financial measures Mortgage segment core efficiency ratio (tax-equivalent basis)
Slide 31: Tangible assets, common equity and related measures
30 GAAP reconciliations and use of non-GAAP financial measures Tangible assets, common equity and related measures
Slide 32: Tangible assets, common equity and related measures
31 GAAP reconciliations and use of non-GAAP financial measures Tangible assets, common equity and related measures
Slide 33: Adjusted return on average tangible common equity and related measures
32 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average tangible common equity and related measures
Slide 34: Adjusted return on average tangible common equity and related measures
33 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average tangible common equity and related measures
Slide 35: Adjusted return on average assets, common equity and related measures
34 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average assets, common equity and related measures
Slide 36: Adjusted return on average assets, common equity and related measures
35 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average assets, common equity and related measures