W.t.b. Financial Corp. · OTC:WTBFA
W.t.b. Financial — Shareholder Meeting (April 2026)
23 slides from W.t.b. Financial's shareholder meeting presentation, Apr 27, 2026
Slide 1: W.T.B. Financial Corporation Annual Shareholders' Meeting
2026 W.T.B. Financial Corporation Annual Shareholders’ Meeting Presented by: Kevin Blair Ben Richardson Steve Roberts Jim Branson President Chief Financial Officer Chief Credit Officer Chief Operating Officer Washington Trust Bank W.T.B. Financial Corporation Washington Trust Bank Washington Trust B
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expe
Slide 3: Presentation Outline
PRESENTATION OUTLINE Company Overview WTBFC 2025 Performance Review Q1 2026 Performance Highlights Credit Performance Strategic Initiatives Closing Thoughts
Slide 4: W.T.B. Financial Corporation Company Overview
W.T.B. Financial Corporation Company Overview
Slide 5: Mission and Geographic Footprint
MISSION AND GEOGRAPHIC FOOTPRINT Our Mission Markets Served We will be the best at understanding and meeting the financial needs of our customers. We will focus our unique strengths as a community bank on serving those customers who perceive a distinct value in building long-term relationships with
Slide 6: Core Identity: WTBFC | WTB
CORE IDENTITY: WTBFC | WTB Pacific Northwest regional community bank Relationship banking business model 120 + years of heritage High value customer relationships 4th generation Chairman of the Board Organic customer growth Private ownership and family heritage Broad customer base an
Slide 7: Financial Management Principles
FINANCIAL MANAGEMENT PRINCIPLES Balance Sheet Strength: Shareholder Value / Capital Discipline: Credit discipline…strong allowance position Maintain capital adequacy Expanding capital Internal capital generation for growth Ample liquidity resources Competitive returns (dividends + BV gro
Slide 8: WTBFC 2025 Performance Review
WTBFC 2025 Performance Review
Slide 9: 2025 Highlights
2025 HIGHLIGHTS Continued profitability improvements Net Income of $93.7 million and ROA of 0.88% Strong loan and customer funding growth Loans up 7% and Deposits up 1% for the year Net interest margin expanded significantly as balance sheet continued to normalize FY ‘25 margin of 3.45%,
Slide 10: 2025 Results At-A-Glance
2025 RESULTS AT-A-GLANCE in millions except for per share data 2025 Change From 2024 Period End Total Assets $10,693 ($44) 0% Period End Gross Loans $7,358 $465 7% Period End Total Deposits $8,923 $119 1% Period End Shareholders' Equity $1,001 $67 7% Net Income $93.7 $37.9 68% Earnings Per Share $38
Slide 11: Balance Sheet Normalization
$10,725 $11,378 $11,728 $11,851 $20,840 $17,056 $19,562 BALANCE SHEET NORMALIZATION $27,212 $29,909
Slide 12: Improved Performance
IMPROVED PERFORMANCE Q423 Q124 80.4% 80.2% Q224 79.1% Net Interest Margin History Q324 Q424 Q125 Efficiency Ratio History Q225 1.25% 3.76% 1.05% 0.65% 0.65% 0.25% Q325 Q425 Q423 som 784% 93.25 9425 9423 tim WTB. Financial Corp oe» 0.37% 0.39% Qi24 850% 8.24% 0.44% Q224 Equity to Assets Ratio History
Slide 13: Capital Strength
CAPITAL STRENGTH WTBFC REGULATORY CAPITAL RATIOS 16.00% Regulatory Capital History 13.32% 15.00% 14.00% ; 13.58% 13.52% 12.06% 12.06% er oy 13:37% 13.19% 13-39% 13.24% 13. 99% 13.09% 13-32% 12.00% o75KIED veo 1.25% (RL) rooms a 0.75% (FT) | 12,00% 1.25% (RL) 8.00% 0.75% (FT) 11.00% | es | a 00% 1.00
Slide 14: Shareholder Value Creation
SHAREHOLDER VALUE CREATION Book Value 15-Year CAGR*: 7.8% Market Value 15-Year CAGR*: 8.7% *Compound Annual Growth Rate as of 12/31/25
Slide 15: Total Shareholder Return at 12/31/25
TOTAL SHAREHOLDER RETURN AT 12/31/25 1-Year 3-Year 5-Year 10-Year W.T.B. Financial Corporation 21.19% 15.97% 24.91% 128.54% W.T.B. Percentile Rank 100 100 42 99 Banner Corporation -3.26% 10.28% 58.70% 91.35% Columbia Banking System, Inc. 9.36% 12.12% 44.79% 71.53% First Interstate BancSystem, Inc. 1
Slide 16: Q1 2026 Highlights
Q1 2026 HIGHLIGHTS Continued positive momentum in profitability Net Income of $32.2 million and ROA of 1.24% Net interest margin expansion as balance sheet continued to normalize Q1 ‘26 margin of 3.82%, up 0.06% from Q4 ’25 and 0.67% from Q1 ‘25 Securities cash flows continue to be redeplo
Slide 17: Credit Performance
CREDIT PERFORMANCE Credit remains strong at year-end 2025: Allowance to noncurrent loans at 286% Noncurrent loans to assets declined 0.19% from prior year to 0.51% Classified assets remain at moderate levels $163 million at YE 2024, or 2.4% of total loans $159 million at YE 2025, or 2.2%
Slide 18: Credit Performance Metrics
$100,000 $80,000 $60,000 $40,000 $20,000 $- $175,000 $150,000 $125,000 $100,000 $75,000 CREDIT PERFORMANCE METRICS Noncurrent Loans ($'s and % of Loans) $54,121 $30,873 [23 Noncurrent loans (NCL's) —#— NCL to Loans (%) ALLL / ACL ($'s and % of Loans) $146,156 $154,789 Q423 Q124 Q224 Q324 Q424 Q125 Q
Slide 19: WTBFC Strategic Initiatives
WTBFC Strategic Initiatives
Slide 20: Key Strategic Initiatives
Key Strategic Initiatives Aggregated Account ePresentment of Revamp Information Taxes & Disclosures Simplicity Checking Enabled business Deliver account disclosure Better position bank to customers to integrate documentation and tax appeal to consumer their account transaction documents electronical
Slide 21: Key Strategic Operational Enhancements
Key Strategic Operational Enhancements Centralized Streamlined Enterprise Incentive Commercial Loan Risk Management Management Origination In Process: Continued focus to Multi-phase effort to centralize Deployed workflow to enhance enterprise framework management of incentive streamline origination
Slide 22: Strategic Initiatives: Locations
Strategic Initiatives: Locations Market Moves Western Washington Southwest Washington: o Entered Tacoma market (Opened interim location August 2025) o Secured six-story building on Commerce Street in downtown Tacoma for a financial Center. Northwest Washington: o Entered Bellingham market (Opene
Slide 23: Thank you for your continued support!
Thank you for your continued support! We appreciate it!