Slide 1: 3Q25 Earnings Presentation
3Q25 Earnings Presentation
Slide 2: Forward-Looking Statements
Forward-Looking Statements Forward-Looking Statements This communication contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections
Slide 3: Leading Chicago Commercial Banking Franchise
Leading Chicago Commercial Banking Franchise Company Overview BY at a Glance ($mm) $1.3 Billion Market Cap(1) Size A leading Chicago-based commercial bank with the strength, scale, and product $9.8 Billion $7.5 Billion $7.8 Billion offerings to compete effectively in our markets—delivering value to
Slide 4: Third Quarter 2025 Highlights
Third Quarter 2025 Highlights Net Income Diluted EPS PTPP ROAA $37.2 million $37.8 million $0.82 $0.83 2.25% 2.29% Reported Adjusted(1) Reported Adjusted(1) Reported(1)(2) Adjusted(1)(2) Efficiency Ratio ROAA ROTCE 51.00% 50.27% 1.52% 1.54% 15.11% 15.36% Reported Adjusted(1) Reported(2) Adjusted(1)(
Slide 5: Loan Portfolio Trends
Loan Portfolio Trends ($ in millions) Total Loan Portfolio and Average Yield Highlights $7,461 Total loan portfolio was $7.5 billion at 3Q25, an increase of $107.5 million, $7,354 $6,899 $6,910 $7,047 or 5.8%(1) from 2Q25 Originated $264.5 million in new loans, net of loan sales in 3Q25 7.48%
Slide 6: Deposit Trends
Deposit Trends ($ in millions) Deposit Composition Highlights Total deposits were $7.8 billion at 3Q25, an increase of $17.7 million, $7,498 $7,459 $7,553 $7,810 $7,828 or 0.9%(1) from 2Q25 6.2% 5.8% 5.7% 5.9% 5.5% 20.1% 17.6% 15.6% 14.7% Non-interest-bearing demand deposits up $159.6 million, o
Slide 7: Net Interest Income and Net Interest Margin Trends
Net Interest Income and Net Interest Margin Trends ($ in millions) Net Interest Income Highlights $99.9 Net interest income was $99.9 million, up 4.1% from 2Q25 $96.0 $88.5 $88.2 Increase in NII driven by higher earning asset yields and $87.5 lower deposit costs Net interest margin of 4.27%, u
Slide 8: Non-Interest Income Trends
Non-Interest Income Trends ($ in millions) Total Non-Interest Income Highlights $16.1 $15.9 $14.9 $14.5 Non-interest income was $15.9 million, up 9.5% from 2Q25 $14.4 15% 13% 18% 7% 21% 9% $7.0 million in gain on sale of loans sold, driven by higher volume 21% 8% 7% 7% Non-interest income tren
Slide 9: Non-Interest Expense Trends
Non-Interest Expense Trends ($ in millions) Non-Interest Expense Highlights $59.6 $60.5 Non-interest expense of $60.5 million, up 1.5% from 2Q25 and reflects: $57.4 $56.4 $54.3 Increased salaries and employee benefits $2.0 million higher incentive compensation accruals $1.5 million increase
Slide 10: Asset Quality Trends
Asset Quality Trends ($ in millions) Net Charge-offs Allowance for Credit Losses (ACL) $107.7 $105.7 $98.4 $98.0 $100.4 $8.5 $7.8 $7.7 $6.6 $7.1 0.49% 1.47% 0.45% 0.43% 1.44% 1.42% 1.43% 1.42% 0.39% 0.39% $7.8 $6.6 $6.0 $7.1 $4.9 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q3 2024 Q4 2024 Q1 2025 Q2 202
Slide 11: Strong Capital Position
Strong Capital Position Capital Ratios Strong Capital Base Capital Priorities: 15.81% 14.41% 14.74% 14.86% 14.87% 1. Fund Organic Growth 2. Dividend 3. M&A 4. Buyback 10.39% 10.78% Increased capital ratios: 9.72% 9.61% 9.95% CET1 of 12.15%, up 30 bps LQ and up 80 bps YoY TCE/TA(1) of 10.78%,
Slide 12: 2025 Strategic Priorities
2025 Strategic Priorities Strengthening our position as the preeminent commercial bank in Chicago Stay Ahead of Regulatory Expectations Maintain Balance Sheet Strength Completed the First Security Prepare for crossing the Fortress level Capital Ratios Strong liquidity profile acquisition and integra
Slide 13: 3Q25 Appendix
3Q25 Earnings Presentation Appendix
Slide 14: Granular Deposit Base
Granular Deposit Base A strength of our franchise is our well diversified …with limited concentration and granular customer deposit base… base providing a stable source of funding Consumer Deposits(1) ~64% of Total Deposits are FDIC Insured $3.6 billion at 9/30/25 Total Franchise Customer Base 45 ~1
Slide 15: Strong Liquidity and Securities Portfolio
Strong Liquidity and Securities Portfolio ($ in millions) Liquidity Position Highlights Cash and cash equivalents of $259.0 million, up by $40.7 million, or 18.6% from 2Q25 Investment portfolio duration: 4.6 years; net of hedges: ~4.3 years $1.5 billion investment portfolio all classified as A
Slide 16: Unguaranteed Government-Guaranteed Exposure Represents 5.7% of Total Loans
Unguaranteed Government-Guaranteed Exposure Represents 5.7% of Total Loans ($ in millions) On Balance Sheet SBA 7(a) & USDA Loans Highlights ($ in millions) $ Balance % of Portfolio Closed $126.7 million in SBC loan commitments in 3Q25 Unguaranteed $395.7 5.3% SBA 7(a) portfolio $477.3 million,
Slide 17: Projected Acquisition Accounting Accretion
Projected Acquisition Accounting Accretion Projected Accretion(1) ($ in millions) $1.6 $1.5 $1.3 $1.2 Q4 2025 E Q1 2026 E Q2 2026 E Q3 2026 E Non-PCD PCD (1) Projections are updated quarterly, assumes no prepayments and are subject to change. 17
Slide 18: Financial Summary
Financial Summary As of or For the Three Months Ended As of or For the Nine Months Ended (dollars in thousands, except per share data) September 30, June 30, March 31, December 31, September 30, September 30, September 30, 2025 2025 2025 2024 2024 2025 2024 Income Statement Net interest income $ 99,
Slide 19: Non-GAAP Reconciliation
Non-GAAP Reconciliation As of or For the Three Months Ended As of or For the Nine Months Ended September 30, June 30, March 31, December 31, September 30, September 30, September 30, (dollars in thousands, except per share data) 2025 2025 2025 2024 2024 2025 2024 Net income and earnings per share ex
Slide 20: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) As of or For the Three Months Ended As of or For the Nine Months Ended September 30, June 30, March 31, December 31, September 30, September 30, September 30, (dollars in thousands) 2025 2025 2025 2024 2024 2025 2024 Adjusted non-interest expense: Non-interest exp
Slide 21: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) As of or For the Three Months Ended As of or For the Nine Months Ended September 30, June 30, March 31, December 31, September 30, September 30, September 30, (dollars in thousands) 2025 2025 2025 2024 2024 2025 2024 Tangible common stockholders' equity: Total sto
Slide 22: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) As of or For the Three Months Ended As of or For the Nine Months Ended (dollars in thousands, except share and per share September 30, June 30, March 31, December 31, September 30, September 30, September 30, data, ratios annualized, where applicable) 2025 2025 20
Slide 23: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) As of or For the Three Months Ended As of or For the Nine Months Ended September 30, June 30, March 31, December 31, September 30, September 30, September 30, 2025 2025 2025 2024 2024 2025 2024 Tangible common equity to tangible assets: Tangible common equity $ 1,
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