Paragon Financial Solutions, Inc. (tn) · OTC:PGNN
Paragon Financial Solutions, Inc. (tn) — Paragon Financial Solutions — Shareholder Meeting (May 2026)
98 slides from Paragon Financial Solutions, Inc. (tn)'s shareholder meeting presentation, May 21, 2026
Slide 1: 2025 Annual Shareholder Meeting
2025 Annual Click to edit Master Shareholder title style Meeting May 21, Click 2026 to edit Master subtitle style
Slide 2: Call to Order and Welcome
Call to Order Click to and Welcome edit Master title style Craig Weiss Click to edit Master subtitle style Chairman of the Board
Slide 3: Invocation
Click to Invocation edit Master title style J.T. Novarese Click toofedit Board Master subtitle style Directors
Slide 4: Business Meeting
Click to edit Master Business Meeting title style Robert Shaw Click to edit President andMaster CEOsubtitle style
Slide 5: Paragon's Board of Directors
Paragon’s Board of Directors • Napoleon L. (Nap) Cassibry, III • John T. (J.T.) Novarese, Jr. • Tim Dries • Christian John (Chris) Saenger • James F. Freeman • Robert S. Shaw, Jr. • Scott Hauss • Pete A. Stark Click to edit Master • Lawrence (Larry) M. Magdovitz, II • Anita S. Vaughn title style • M
Slide 6: Paragon's Executive Team
Paragon’s Executive Team • Robert Shaw – President and Chief Executive Officer • Andy Taylor – Executive Vice President, Chief Banking Officer • Marshall Talley – Executive Vice President, Chief Credit Officer • Lewis Perkins – Executive Vice President, Chief Financial Officer Click to edit Master t
Slide 7: Business Meeting
Business Meeting • Procedural Details • Proof of Notice of Meeting • Report on Quorum; Proxies • Proposals and Discussions Click to edit Master title style Click to edit Master subtitle style
Slide 8: Two Items of Business
Two Items of Business • Election of Directors: The Board recommends the following nominees: Class C Directors: • James F. Freeman, M.D. • Christian (Chris) John Saenger VOTE • Robert S. Shaw, Jr. Click to edit Master • Tim Dries •title style Ratification of Independent Auditor: The Board recommends
Slide 9: Voting Results
Voting Results • Procedural Details • Proof of Notice of Meeting • Report on Quorum; Proxies • Proposals and Discussions Click to edit Master titleBusiness style Meeting Adjournment Click to edit Master subtitle style
Slide 10: Management Discussion of Results
Management Click to edit Master Discussion of Results title style Robert Shaw, President and CEO Click to edit Master subtitle style Lewis Perkins, EVP and CFO
Slide 11: The Foundations
The Foundations Click to edit Master title style Click to edit Master subtitle style
Slide 12: Culture
Culture Click to edit Master title style Click to edit Master subtitle style
Slide 13: Trifecta: Eight Years in a Row!
Trifecta: Eight Years in a Row! Click to edit Master title style Click to edit Master subtitle style
Slide 14: Ranked the #3 Bank in the U.S.!
Ranked the #3 Bank in the U.S.! 2025 #3 in the U.S. 2024 #9 in the U.S. Click to edit Master 2023 2022 #13 in the U.S. #4 in the U.S. title style 2021 #10 in the U.S. 2020 #5 in the U.S. Click to edit Master subtitle style 2019 #10 in the U.S. 2018 #33 in the U.S.
Slide 15: Team Culture Recognition
Team Culture Recognition Historical Awards American Banker Memphis Business Journal Memphis Commercial Appeal Best Banks To Work For Best Places to Work Top Workplaces 2025 #3 in the U.S. 2025 Finalist 2025 Finalist 2024 #9 in the U.S. 2024 Finalist 2024 Finalist 2023 #13 in the U.S. 2023 Finalist 2
Slide 16: Commitment to our Communities
Commitment to our Communities Click to edit Master title style Click to edit Master subtitle style
Slide 17: Number of ACTS Hours by Year
Number of ACTS Hours by Year 3,500 A New Record! 11% 2,960 3,000 2,672 2,500 2,339 1,922 2,000 1,814 1,636 1,480 1,531 1,500 1,272 1,129 940 1,000 500 0
Slide 18: ACTS Service Hours in 2025
119 99% 2,960* 25 Organizations Team Paragon Total number of Average number of served in all 5 served a community ACTS hours served hours served by Click to edit Master markets shift in 2025 in 2025 each team member title style Up 33.7% in 2024 Up from 96% in 2024 Up from 2,672 in 2024 Up from 23 in
Slide 19: Our 20th Wish!
Our 20th Wish! Click to edit Master title style Click to edit Master subtitle style
Slide 20: Strategic Priorities
Harvesting the Results of our Groundwork Click to edit Master title style Click to edit Master subtitle style Strategic Priorities
Slide 21: 2025 Strategic Priorities
2025 Strategic Priorities Continue to grow our deposit base Retain liquidity sources Continue to make prudent loan decisions Maintain healthy levels of capital Click to edit Master title style Click to edit Master subtitle style
Slide 22: Maintain Healthy Levels of Capital
Maintain Healthy Levels of Capital Paragon’s holding company loan, which serves as a source of bank capital, was increased from $10 million to $15 million. Due to improved profits, the holding company loan has been paid down by $3 million to a balance of approximately $4.3 million Click to edit Mast
Slide 23: 2025 Strategic Priorities
2025 Strategic Priorities Continue to grow our deposit base Retain liquidity sources Continue to make prudent loan decisions Maintain healthy levels of capital Click to edit Master Complete remaining groundwork projects Complete and open Jackson Banking Center title style Click to edit Master subtit
Slide 24: Jackson TN Grand Opening
Jackson TN Grand Opening August 31, 2025 Click to edit Master title style Click to edit Master subtitle style
Slide 25: 2025 Strategic Priorities
2025 Strategic Priorities Continue to grow our deposit base Retain liquidity sources Continue to make prudent loan decisions Maintain healthy levels of capital Complete remaining groundwork projects Click to edit Master Complete and open Jackson Banking Center title Find style a long-term location f
Slide 26: 2025 Strategic Priorities
2025 Strategic Priorities Maintain focus on Paragon’s Compliance Management System Evaluate becoming a Federal Reserve Bank member Click to edit Master title style Click to edit Master subtitle style
Slide 27: 2025 Strategic Priorities
2025 Strategic Priorities Maintain focus on Paragon’s Compliance Management System Evaluate becoming a Federal Reserve Bank member Increase awareness of Paragon’s stock value Click to edit Master title style Click to edit Master subtitle style
Slide 28: Enhancing Shareholder Relations
Enhancing Shareholder Relations In addition to our shareholder letter, sending out quarterly press releases to local media firms Have been making contact with investment advisors and investment bankers to tell Paragon’s story Meeting with existing shareholders to tell Paragon’s story Click to edit M
Slide 29: 2025 Strategic Priorities
2025 Strategic Priorities Maintain focus on Paragon’s Compliance Management System Evaluate becoming a Federal Reserve Bank member Increase awareness of Paragon’s stock value Capitalize on the Groundwork for Growth Click Drive to edit profitability improved Master by: title style Increased revenue f
Slide 30: Improving Efficiency
Improving Efficiency Reviewed Paragon’s credit process Outsourced mortgage loan processing Outsourced Paragon’s core data processing system Streamlined internal bank communication Outsourced Paragon annual meeting shareholder Click to edit communication Master title style Click to edit Master subtit
Slide 31: Credit Process Review
Credit Process Review Reynolds Williams Group conducted credit process review Recommended changes related to the loan portfolio to improve the organization, consistency, and effectiveness of the credit approval process and portfolio management and administration A new Credit Approval Transmittal (CA
Slide 32: Outsourced Mortgage Loan Servicing
Outsourced Mortgage Loan Servicing Outsourced to Dovenmuehle Mortgage, Inc. (DMI) a leading U.S. mortgage subservicing firm Fully services 1-4 family mortgage loans including payment processing, escrow servicing, 1099 reporting Handles customer communication reporting and mailing of monthly statemen
Slide 33: Outsourced Paragon's Core Data Processing System
Outsourced Paragon’s Core Data Processing System Jack Henry 20/20 was moved from onsite to the cloud Processes transferred to Jack Henry include: Nightly processing Statement printing and mailing Click to edit Master title style Click to edit Master subtitle style
Slide 34: Streamlining and Improving Internal Communication
Streamlining and Improving Internal Communication During the first quarter of 2026, Paragon unveiled a new intranet site – Paragon Connect – a One-Stop Shop for: Company news Master calendar Department pages Click to edit Master Forms and templates title style Policies and procedures Click to edit M
Slide 35: Outsourcing Annual Shareholder Meeting Communications
Outsourcing Annual Shareholder Meeting Communications ClearTrust handled Paragon’s shareholder proxies and shareholder meeting administration They communicated with DTC (Depository Trust Company) They distributed proxies Click to the They tallied edit Master votes title style They are hosting this m
Slide 36: 2025 Strategic Priorities
2025 Strategic Priorities Maintain focus on Paragon’s Compliance Management System Evaluate becoming a Federal Reserve Bank member Increase awareness of Paragon’s stock value Capitalize on the Groundwork for Growth Click Drive to edit profitability improved Master by: title style Increased revenue f
Slide 37: Financial Results
Harvesting the Results of our Groundwork Click to edit Master title style Click to edit Master subtitle style Financial Results
Slide 38: Deposits
Deposits Click to edit Master title style Click to edit Master subtitle style
Slide 39: Total Deposits
Total Deposits Deposits! Deposits! Deposits! (end of period in millions) 1,000 15% -2% annualized 900 15% 770 782 754 800 18% 670 700 18% 13% 566 600 480 Click to edit Master 23% 500 424 343 346 400 title style300 200 Click to edit 100 Master subtitle style 0 2018 2019 2020 2021 2022 2023 2024 2025
Slide 40: Deposit Mix
Deposit Mix (end of period in millions) 770 754 782 670 800 133 128 139 566 700 119 480 7 9 13 600 7 191 186 201 159 500 162 Click to edit Master 166 11 400 132 169 213 207 9 155 300 title style 147 96 129 74 200 148 154 112 35 153 173 100 27 100 70 68 Click 0 to edit Master subtitle style 20 2021 2
Slide 41: Core Deposits
Core Deposits (end of period in millions) 18% 900 annualized 800 15% 714 684 15% 700 597 11% 600 517 460 466 500 395 Click to edit Master 400 title style 300 200 100 Click to edit Master subtitle style 0 2020 2021 2022 2023 2024 2025 1Q26
Slide 42: Core Deposits by State
Core Deposits by State (As of March 31, 2026) Brokered, 9.46% MS, 7.22% GA, 2.62% NC, 12.50% Click to edit Master TN, 68.20% title style Click to edit Master subtitle style
Slide 43: Investments
Investments Click to edit Master title style Click to edit Master subtitle style
Slide 44: Total Investments
Total Investments Average Life 4.7 Years (End of period, in millions) 100 90 80 73 68 70 62 62 60 53 54 54 51 47 49 Click to edit Master 50 40 41 title style 30 20 Click to10edit Master subtitle style 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1Q26
Slide 45: Pre-Tax Unrealized Gain/(Loss) on Investments
Pre-Tax Unrealized Gain/(Loss) on Investments (In thousands) 3,000 1,654 606 1,000 424 -1,000 (1,044) -3,000 Click to edit Master (2,875) (3,130) (3,144) (3,913) -5,000 (4,302) title style -7,000 (5,362) (4,989) (6,876) Click to edit Master subtitle style -9,000 2018 2019 2020 2021 2022 2023 2024 1Q
Slide 46: Percentage Gain/(Loss) on Investment Portfolio
Percentage Gain/(Loss) on Investment Portfolio 0% 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 -3% -5.08% -5.77% -5.52% -6.40% -6% -6.80% -5.28% -7.30% -7.78% -8.18% -8.00% -6.19% -8.89% -9.09% -9.10% -9.10% -7.46% Click to edit Master -9% -8.84% -10.97% -8.48% -8.35% -9.08%
Slide 47: Asset Trends
Asset Trends Click to edit Master title style Click to edit Master subtitle style
Slide 48: Total Assets
Total Assets (End of period, in millions) 2% 2% annualized 1,000 16% 888 892 874 15% 800 751 21% 654 600 539 Click to edit Master 484 401 404 377 352 400 title style200 Click to edit Master subtitle style 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1Q26
Slide 49: Total Loans
Total Loans 2025 Loan Growth: UBPR Peers 6.29% (End of period, in millions) Local Peers 4.73% 1,000 900 2% 800 19% 787 805 805 700 19% 600 660 44% 555 Click to edit Master 500 393 394 400 9 75 385 title style 300 200 289 315 331 333 318 Click to edit 100 Master subtitle style 0 2016 2017 2018 2019 2
Slide 50: Total Loans
Total Loans 2025 Loan Growth: UBPR Peers 6.29% (End of period, in millions) Local Peers 4.73% 1,000 900 787 805 805 800 660 144 126 700 162 555 661 678 600 128 625 500 106 Click to edit Master 394 532 10% 393 6% annualized 400 9 17% 75 449 385 19% title style 300 200 289 315 331 333 318 Click to edi
Slide 51: Loans by State
Loans by State (As of March 31, 2026) Other, 20.02% MS, 5.58% TN, 40.97% GA, 9.52% Click to edit Master title style NC, 23.91% Click to edit Master subtitle style
Slide 52: Loan Mix
Loan Mix (As of March 31, 2026) Other, Individuals, 1.50% 0.11% Constr & Land Dev, 17.62% Farmland, 2.69% Comm & Ind, 21.32% Home Equity, 7.72% Nonfarm Nonresid, 15.05% Click to edit Master 1-4 Fam Resid, 20.71% title style Owner Occupied, 10.92% Click to edit Master subtitle style Multifamily, 2.36
Slide 53: Capital
Capital Click to edit Master title style Click to edit Master subtitle style
Slide 54: Capital Ratios
Capital Ratios On May 1, 2025, Paragon Financial Solutions closed a $15 million bank stock loan that can be invested in Paragon Bank to support the bank’s rapid growth. Currently, there is approximately $10.7 million available to draw. 18.00% 17.20% 15.98% 16.00% 15.38% 14.19% 14.48% 15.94% 14.00% 1
Slide 55: Credit Quality
Credit Quality Click to edit Master title style Click to edit Master subtitle style
Slide 56: Loan Loss Allowance
Loan Loss Allowance (In thousands) 2020 2021 2022 2023 2024 2025 1Q26 Beginning Allowance $3,837 $5,707 $7,096 $6,912 $8,317 $8,289 $8,347 Loan Loss Provision 1,861 973 0 0 0 100 0 Click to edit Master CECL Adjustment 0 0 0 1,400 0 0 0 title style Net (Charge Offs)/Recoveries 8 416 -184 5 -28 -42 8
Slide 57: Total Non-Performing Assets
Total Non-Performing Assets (End of period, in millions) 16,000 14,675 14,000 12,000 10,000 Click to edit Master 7,843 8,000 4,706 title style 6,000 3,495 4,000 2,087 1,682 1,332 1,447 1,443 1,329 2,000 764 620 555 699 811 Click 0 to edit Master subtitle style 2012 2013 2014 2015 2016 2017 2018 2019
Slide 58: Non-Performing Assets as a Percentage of Total Assets
Non-Performing Assets as a Percentage of Total Assets 8.00% 7.35% 7.00% 6.00% 5.00% Click to edit Master 4.00% 3.00% 2.88% title style 2.00% 1.73% 0.69% 0.48% 0.35% 0.36% 0.19% 0.13% 0.39% 1.00% 0.10% 0.11% 0.11% 0.17% 0.15% Click to edit Master subtitle style 0.00% 2012 2013 2014 2015 2016 2017 201
Slide 59: Loan Loss Reserve to Gross Loans
Loan Loss Reserve to Gross Loans (End of period) 2.50% 2.00% 1.80% 1.47% 1.44% 1.45% 1.45% 1.39% 1.50% 1.31% 1.25% 1.26% 1.15% Click to edit Master 1.17% 1.05% 1.04% 1.04% 1.00% title style 0.50% Click to edit Master subtitle style 0.00% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20
Slide 60: Loan Loss Reserve to Total Loans Less Loans Held for Sale
Loan Loss Reserve to Total Loans Less Loans Held for Sale Institution Percentage 1 Evolve Bank & Trust 1.46% 2 Fidelity Bank 1.32% 3 BankTennessee 1.26% 4 The Bank of Fayette County 1.15% 5 Paragon Bank 1.09% Click to edit Master 6 Bank3 1.07% title style 7 Independent Bank 8 Patriot Bank 1.07% 1.02
Slide 61: Loan Loss Reserve to Gross Loans
Loan Loss Reserve to Gross Loans (End of period, excluding fully government-guaranteed loans) 2.50% 2.26% 1.97% 2.00% 1.62% 1.58% 1.58% 1.53% 1.43% 1.45% 1.42% 1.50% 1.29% 1.26% 1.25% 1.21% 1.18% Click to edit Master 1.00% title style 0.50% Click to edit Master subtitle style 0.00% 2013 2014 2015 20
Slide 62: Loan Loss Reserve Divided by Nonperforming Assets Less Government Guarantees
Loan Loss Reserve Divided by Nonperforming Assets Less Government Guarantees Institution Ratio 1 Financial Federal Bank 12.38 2 Bank3 10.44 3 Independent Bank 3.87 4 Paragon Bank 2.47 Click to edit Master 5 Fidelity Bank 6 Evolve Bank & Trust 1.83 1.49 title style 7 BankTennessee 1.20 8 The Bank of
Slide 63: Income Statement
Income Statement Click to edit Master title style Click to edit Master subtitle style
Slide 64: Revenue
Revenue Click to edit Master title style Click to edit Master subtitle style
Slide 65: Total Revenue
Total Revenue *Record Revenue (In thousands) 11,000 10,000 9,409* 9,282 9,033* 9,097* 9,037 9,000 8,403* 945 994 7,754* 7903* 1,229 1,055 902 8,000 833 6,839* 6,880* 6,889* 1,028 6,592 6,326 6,522 857 7,000 582 809 877 620 577 6,000 663 5,000 8,464 Click to edit Master 8,135 8,288 8,042 4,000 7,570
Slide 66: Net Interest Margin
Net Interest Margin 5.00% 4.50% 4.10% 4.13% 4.02% 3.96% 3.92% 3.87% 3.94% 4.00% 3.77% 3.83% 3.69% 3.66% 3.50% 3.35% 3.39% 3.41% Click to edit Master 3.00% title style 2.50% 2.00% Click 4Q22 to edit1Q23 Master 2Q23 subtitle 3Q23 style 1Q24 4Q23 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 NIM Without PPP
Slide 67: Earning Assets and Cost of Funding
Earning Assets and Cost of Funding 8.00% 7.00% 6.66% 6.76% 6.70% 6.47% 6.54% 6.53% 6.56% 6.52% 6.33% 6.33% 5.79% 5.96% 6.00% 5.56% 5.19% 5.00% 4.00% 2.93% 3.06% 3.10% 2.93% Click to edit Master 2.61% 2.79% 2.71% 3.00% 2.59% 2.55% 2.39% 2.38% 2.10% 2.00% 1.64% title style 1.10% 1.00% 0.00% Click to e
Slide 68: Interest Expense
Interest Expense 6.00% 5.24% 5.27% 5.27% 5.28% 4.89% 5.00% 4.49% 4.41% 4.25% 4.17% 4.14% 4.06% 4.00% 3.57% 3.58% 3.44% 3.30% 3.39% 3.42% 3.33% 3.07% 3.10% 3.16% 2.85% 3.00% 2.96% 3.00% 2.82% 2.57% 2.22% 2.00% Click to edit Master 1.29% title style 1.00% 0.00% Click to edit Master subtitle style -1.0
Slide 69: Net Interest Income
Net Interest Income (In thousands) 40,000 35,000 18.6% 32,444 * 30,000 15.7% 27,354 * 12.1% 23,651 25,000 21.7% 21,096 Click to edit Master 20,000 17,334 14,725 14,118 15,189 title style 15,000 8,288 10,000 Click to 5,000 edit Master subtitle style 0 2018 2019 2020 2021 2022 2023 2024 2025 1Q26 *rec
Slide 70: Non-Interest Income
Non-Interest Income Click to edit Master title style Click to edit Master subtitle style
Slide 71: Total Non-Interest Income
Total Non-Interest Income (In thousands) 5,694 6,000 5,500 4,941 4,648 5,000 4,361 4,006 3,970 4,074 4,500 3,595 115 4,000 3,488 3,500 1,627 3,121 2,841 1,549 2,783 2,335 1,628 2,069 1,573 3,000 1,354 2,500 1,096 893 587 Click to edit Master 2,000 1,500 699 939 530 446 582 1,112 1,150 588 325 613 78
Slide 72: 30 Year Fixed Rate Mortgage Rates
30 Year Fixed Rate Mortgage Rates Click to edit Master title style Click to edit Master subtitle style
Slide 73: Mortgage Banking Fees
Mortgage Banking Fees (In thousands) 1,300 1,150 1,112 1,100 900 780 700 588 613 582 Click to edit Master 530 446 500 title style 325 300 Click to 100edit Master subtitle style -100 2017 2018 2019 2020 2021 2022 2023 2024 2025
Slide 74: Mortgage Banking
Mortgage Banking (In thousands) 2020 2021 2022 2023 2024 2025 Total Loans Closed $88,521 $68,304 $72,769 $63,229 $71,029 $74,268 Loans Sold $57,187 $51,098 $28,318 $14,117 $28,999 $38,035 % Sold 64.60% 74.81% 38.92% 22.33% 40.83% 51.21% Click to edit Master Loans Kept $31,334 $17,206 $44,451 $49,112
Slide 75: Small Business Capital Group Revenue
Small Business Capital Group Revenue (In thousands) 7,000 5,879* 6,000 5,135 5,109 5,159* 4,866 4,692 4,687 1,305 5,000 4,513 433 150 1,165 142 3,781 766 4,000 3,581 1,151 115 123 3,273 Click to edit Master 2,789 2,722 385 3,000 1,264 1,770 4,365 4,306 title style 362 3,805 2,000 274 88 3,796 168 16
Slide 76: Capital Markets
Capital Markets Formed and sold first pool in 2025 200,000 0 180,000 160,000 142,479 149,967 140,000 0 27,030 120,000 49,595 0 90,842 Click to edit Master 100,000 187,040 80,000 title style 133,635 64,954 60,000 115,402 122,937 0 92,884 40,000 47,641 Click to edit Master 20,000 0 subtitle 0 style 25
Slide 77: Non-Interest Expense
Non-Interest Expense Click to edit Master title style Click to edit Master subtitle style
Slide 78: Non-Interest Expense
Non-Interest Expense 30,000 5% 27,000 17% 24,000 14% 21,000 24% 18,000 Average Increase 2% 8% 15,000 Click to edit Master 26,084 12,000 24,759 21,110 18,574 title style 9,000 14,006 14,144 13,557 13,847 14,985 13,693 6,000 3,000 Click to edit 0 Master subtitle style 2016 2017 2018 2019 2020 2021 202
Slide 79: Revenue Producers
Revenue Producers Relationship Managers and Mortgage Consultants 40 35 34 34 30 30 26 25 24 20 Click to edit Master 20 18 15 title style 10 5 Click to edit Master subtitle style 0 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Slide 80: Non-interest Expense
Non-interest Expense (In thousands) 2025 2024 $ Incr % Incr Salaries & Benefits $16,598 $16,064 $534 3.32% Occupancy 3,373 3,007 366 12.17% Regulatory Assessment 1,109 1,141 -32 -2.80% Data Processing 1,484 1,271 213 16.76% Click to edit Master Other Expenses 3,520 3,276 244 7.45% title style Total
Slide 81: Efficiency Ratio
Efficiency Ratio (Expense/Revenue) 100.00% 80.00% 77.85% 79.60% 78.59% 73.46% 72.16% 70.43% 70.35% 71.34% 60.00% Click to edit Master 40.00% title style 20.00% Click to edit Master subtitle style 0.00% 2019 2020 2021 2022 2023 2024 2025 1Q26
Slide 82: Net Income
Net Income Click to edit Master title style Click to edit Master subtitle style
Slide 83: Annual Net Income
Annual Net Income (In thousands) 9,000 7,816 * 8,000 7,000 66% 6,000 4,699 * 5,000 Click to edit Master 4,075 3,940 3,940 4,000 3,188 3,144 title style 2,757 3,000 2,135 2,108 2,000 Click to edit91 Master subtitle style 1,000 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 *Record
Slide 84: Quarterly Net Income
Quarterly Net Income (In thousands) 2,200 1,985 * 1,990* 1,917 1,924 1,954 1,665 1,700 1,504 1,280 1,158 1,191 1,200 1,018 904 Click to edit Master 700 514 684 title style 200 Click to edit Master subtitle style -300 *record
Slide 85: Return on Equity
Return on Equity 15.00% 12.10% 13.00% 11.19% 11.00% 8.21% 8.11% 8.32% 9.00% 7.71% 6.73% 7.17% 6.63% 6.50% Click to edit Master 7.00% 5.00% title style 3.00% 1.00% Click to edit Master subtitle style -1.00% 2017 2018 2019 2020 2021 2022 2023 2024 2025 1Q26
Slide 86: Stock Trends
Stock Trends Click to edit Master title style Click to edit Master subtitle style
Slide 87: Click to edit Master title style
5-20-26 Click to edit Master title style Click to edit Master subtitle style
Slide 88: Earnings Per Share
Earnings Per Share $2.00 $1.72 $1.80 $1.60 $1.40 $1.04 $1.20 $0.93 $0.90 $0.89 Click to edit Master $1.00 $0.80 title style $0.60 $0.40 Click to edit $0.20 Master subtitle style $0.00 2021 2022 2023 2024 2025
Slide 89: Price to EPS
Price to EPS Paragon Bank 7.42 OTC Traded Banks and Thrifts 5/20/26 11.00 12.00 9.60 9.90 10.00 8.00 Click to edit Master 6.00 title style 4.00 2.00 Click to edit Master subtitle style 0.00 <$500M $500M to $1B $1B to $5B Source: D.A. Davidson
Slide 90: Book Value
Book Value $18.00 $15.13 $15.42 $16.00 $14.67 $13.71 $14.11 $13.15 $14.00 $12.08 $11.63 $11.21 $12.00 $10.00 Click to edit Master $8.00 title style $6.00 $4.00 Click to edit $2.00 Master subtitle style $0.00 4Q21 4Q22 4Q23 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26
Slide 91: Price to Tangible Book
Price to Tangible Book Paragon Bank 82.75% OTC Publicly Traded Banks and Thrifts 5/20/26 115.70% 106.00% 120.00% 90.20% 100.00% 80.00% Click to edit Master 60.00% title style 40.00% 20.00% Click to edit Master subtitle style 0.00% <$500M $500M to $1B $1B to $5B Source: D.A. Davison
Slide 92: Book Value (Excluding gain/loss on investments)
Book Value (Excluding gain/loss on investments) $18.00 $15.59 $15.92 $15.18 $16.00 $14.42 $14.75 $13.97 $12.97 $14.00 $12.36 $11.55 $12.00 Click to edit Master $10.00 $8.00 title style $6.00 $4.00 Click to edit $2.00 Master subtitle style $0.00 4Q21 4Q22 4Q23 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26
Slide 93: Summary and Wrap Up
Summary and Wrap Up Click to edit Master title style Click to edit Master subtitle style
Slide 94: 2025 Strategic Priorities
2025 Strategic Priorities Maintain focus on Paragon’s Compliance Management System Evaluate becoming a Federal Reserve Bank member Increase awareness of Paragon’s stock value Capitalize on the Groundwork for Growth ClickDriveto edit Master improved profitability by: title style Increased revenue fro
Slide 95: 2025 Strategic Priorities
2025 Strategic Priorities Continue to grow our deposit base Retain liquidity sources Continue to make prudent loan decisions Maintain healthy levels of capital Complete remaining groundwork projects Click Completeto and edit Master open Jackson Banking Center title Find astyle long-term location for
Slide 96: 2026 Key Goals
2026 Key Goals Continue to improve profitability Maintain sufficient sources of liquidity Maintain approved capital levels Maintain good asset quality while managing loan concentrations Click to Maintain edit Master appropriate staffing levels title style Continue to grow core deposits - Deposits, D
Slide 97: 2026 Key Goals
2026 Key Goals Find a permanent location for our Nashville team Continue to work on awareness and price of PGNN Create new three-year strategic plan (2027-2029) Transition rolls of seasoned bankers Click strategic Execute to edittechnology Masterplan title style Click to edit Master subtitle style
Slide 98: Questions?
Questions? Click to edit Master title style Click to edit Master subtitle style
Paragon Financial Solutions — Shareholder Meeting (May 2026) on 6ix