Slide 1: 2026 Second Quarter Earnings Presentation
2026 Second Quarter Earnings Presentation July 14, 2026
Slide 2: Forward-looking statements
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. These forward-looking statements include, without limitation, statem
Slide 3: Use of non-GAAP financial measures
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 limi
Slide 4: 2Q 2026 Results
2Q 2026 Results Key highlights • Net income of $58.6 million or $58.9 million (adjusted)1 • Higher revenue on loan growth and stable net interest margin Reported Adjusted1 • Well-controlled expenses and improved efficiency ratio Earnings • PPNR up ~8% QoQ and PPNR ROA over 2% Diluted earnings per co
Slide 5: 2Q 2026 Earnings
2Q 2026 Earnings Quarter ended $ Change from $ in thousands, except per share data 2Q26 1Q26 2Q25 1Q26 2Q25 Total Revenue 174,752 172,340 76,863 2,412 97,889 Provision for credit losses 10,116 3,024 5,337 7,092 4,779 Noninterest Expense 91,480 95,164 81,261 (3,684) 10,219 Pre-tax income 73,156 74,15
Slide 6: Driving shareholder value
Driving shareholder value Earnings per Share Book Value per Share Earnings per share Adjusted earnings per share1 1 BVPS TBVPS $3.99 $3.40 $3.01 $39 $38 $2.57 $2.48 $2.45 $34 $2.24 $2.26 $30 $28 $31 $30 $31 $27 $28 $25 $25 $26 $22 $23 $22 $20 $17 $19 $14 $14 $15 $12 $12 2023 2024 2025 2026 YTD 3Q16
Slide 7: Net Interest Margin
Net Interest Margin Highlights FTE NII / NIM Trend ($ millions) • ~$3mm increase in net interest income in the quarter • Loan growth paired with stable contractual loan rates $150.6 $149.8 $148.1 $146.8 drove higher interest income • ~$1.6mm benefit from 1 additional day in the quarter • Lower cash
Slide 8: Noninterest Income & Expense
Noninterest Income & Expense Highlights Noninterest Income ($ millions) $25.8 $26.4 $25.9 $25.8 $26.2 Noninterest income: • ~$1.1mm decrease in mortgage banking income driven by lower lock volumes due to continued 2Q25 1Q26 2Q26 market volatility and uncertainty • Incremental increase in service cha
Slide 9: Loans HFI
Loans HFI Loans HFI / Total Yield Portfolio Mix ($ billions) 1 C&I 36% Other $12.87 5% $12.30 $12.38 $12.50 $12.9 1-4 family CRE 2 Billion 15% $9.87 23% 1-4 family C&D HELOC 9% 6% Multifamily 6% 6.75% 6.64% • Total Loans HFI up $362 million, or 11.6% annualized 6.44% 6.51% 6.48% • Ending Loan HFI ba
Slide 10: Diversified loan portfolio
Diversified loan portfolio C&I1 Exposure by Industry CRE2 exposure by type ($ millions) Assisted Living Other Industry C&I CRE-OO Total % of Total 8% Office Facility 17% Real estate rental and leasing $316 $269 $585 13% 6% Healthcare Facility Retail trade 109 420 529 12% 2% Self Storage 5% Manufactu
Slide 11: Office exposure
Office exposure • Office loans as of 2Q26 – Credit detail by class • Represent ~4% of total Loans HFI population Avg. • 97% of portfolio is pass rated and current Outstanding Balance Wtd. Avg. Wtd. Avg Class ($mm) ($mm) LTV Occupancy • 16% of portfolio matures by year-end 2026 Class A > $2 million $
Slide 12: Valuable deposit base
Valuable deposit base Deposits by customer segment ($billions) Highlights Consumer Commercial Public Total • Deposit balances grew at an annualized rate of 7.70% $13.8 $14.0 $14.1 $14.3 in the quarter $11.4 $1.8 $1.7 $1.9 $2.0 • Customer deposits up ~$159 million, led by non- $1.8 interest bearing a
Slide 13: Asset Quality Metrics
Asset Quality Metrics Highlights Allowance for Credit Losses & Coverage Ratio ($ millions) • Higher reserves in the quarter driven by strong loan $194.0 growth, accounting for more-than-half of the QoQ increase $185.0 $186.0 $186.3 $148.9 • Remaining increase for two individually assessed loans, alo
Slide 14: Allowance Modeling & Reserve Allocation
Allowance Modeling & Reserve Allocation • Modestly softer economic forecast driven by – Key forecast inputs1 • Slight increase in inflationary pressures 3Q26 4Q26 1Q27 2Q27 • Moderation of forecasted GDP growth expectations • Persisting uncertainty with the Middle Eastern conflict National Unemploym
Slide 15: Capital & Liquidity
Capital & Liquidity Capital Position On-balance sheet liquidity ($mm) 2Q25 1Q26 2Q26 On-balance sheet liquidity 1 Shareholder’s Equity/Assets 12.1% 12.0% 11.5% On-balance sheet liquidity / tangible assets $1,890 TCE/TA1 10.4% 9.91% 9.49% $1,805 $1,795 $1,810 Common Equity Tier 12 12.3% 11.5% 11.0% $
Slide 16: Mortgage results
Mortgage results Highlights Interest rate lock commitment volume ($mm) Purchase Refinance • Mortgage segment pre-tax net contribution of $1.6 $490 $457 million in the quarter $432 $436 $55 $386 $124 $56 $90 • Segment revenue decreased ~2%, impacted by a $107 modest increase in market rates and conti
Slide 17: Appendix
FB} pee Bank Appendix
Slide 18: Adjusted net income and diluted earnings per share
GAAP reconciliations and use of non-GAAP financial measures Adjusted net income and diluted earnings per share 17
Slide 19: Adjusted net income and diluted earnings per share
GAAP reconciliations and use of non-GAAP financial measures Adjusted net income and diluted earnings per share 18
Slide 20: Adjusted pre-tax pre-provision net revenue
GAAP reconciliations and use of non-GAAP financial measures Adjusted pre-tax pre-provision net revenue 19
Slide 21: Adjusted pre-tax pre-provision net revenue
GAAP reconciliations and use of non-GAAP financial measures Adjusted pre-tax pre-provision net revenue 20
Slide 22: Adjusted tangible net income
GAAP reconciliations and use of non-GAAP financial measures Adjusted tangible net income 21
Slide 23: Adjusted tangible net income
GAAP reconciliations and use of non-GAAP financial measures Adjusted tangible net income 22
Slide 24: Adjusted total risk-based capital
GAAP reconciliations and use of non-GAAP financial measures Adjusted total risk-based capital 23
Slide 25: Adjusted efficiency ratio (tax-equivalent basis)
GAAP reconciliations and use of non-GAAP financial measures Adjusted efficiency ratio (tax-equivalent basis) 24
Slide 26: Adjusted efficiency ratio (tax-equivalent basis)
GAAP reconciliations and use of non-GAAP financial measures Adjusted efficiency ratio (tax-equivalent basis) 25
Slide 27: Banking segment adjusted efficiency ratio (tax-equivalent basis)
GAAP reconciliations and use of non-GAAP financial measures Banking segment adjusted efficiency ratio (tax-equivalent basis) 26
Slide 28: Mortgage segment adjusted efficiency ratio (tax-equivalent basis)
GAAP reconciliations and use of non-GAAP financial measures Mortgage segment adjusted efficiency ratio (tax-equivalent basis) 27
Slide 29: Tangible assets, common equity and related measures
GAAP reconciliations and use of non-GAAP financial measures Tangible assets, common equity and related measures 28
Slide 30: Tangible assets, common equity and related measures
GAAP reconciliations and use of non-GAAP financial measures Tangible assets, common equity and related measures 29
Slide 31: Adjusted return on average tangible common equity and related measures
GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average tangible common equity and related measures 30
Slide 32: Adjusted return on average tangible common equity and related measures
GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average tangible common equity and related measures 31
Slide 33: Adjusted return on average assets, common equity and related measures
GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average assets, common equity and related measures 32
Slide 34: Adjusted return on average assets, common equity and related measures
GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average assets, common equity and related measures 33