# EDGAR Filing Document

**Accession Number:** 0000798941
**File Stem:** 0000798941-26-000010
**Filing Date:** 2026-1
**Character Count:** 158505
**Document Hash:** eb9f3dc660b3e69c500d54d79f0cd545
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000798941-26-000010.hdr.sgml**: 20260123

**ACCESSION NUMBER**: 0000798941-26-000010

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 67

**CONFORMED PERIOD OF REPORT**: 20260123

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260123

**DATE AS OF CHANGE**: 20260123

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST CITIZENS BANCSHARES INC /DE/
- **CENTRAL INDEX KEY:** 0000798941
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 561528994
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-16715
- **FILM NUMBER:** 26553291

**BUSINESS ADDRESS:**
- **STREET 1:** 4300 SIX FORKS ROAD
- **CITY:** RALEIGH
- **STATE:** NC
- **ZIP:** 27609
- **BUSINESS PHONE:** 919 716 7000

**MAIL ADDRESS:**
- **STREET 1:** 4300 SIX FORKS ROAD
- **CITY:** RALEIGH
- **STATE:** NC
- **ZIP:** 27609

?xml version='1.0' encoding='ASCII'? fcnca-20260123

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of**

**The Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): January 23, 2026

_________________________________________________________________

**First Citizens BancShares, Inc.** 

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-16715** | **56-1528994** |
| (State or other jurisdiction<br>of incorporation)  | (Commission File Number) | (IRS Employer Identification No.) |

---

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| | | | |
|:---|:---|:---|:---|
| **4300 Six Forks Road** | **Raleigh** | **North Carolina** | **27609** |
| (Address of principal executive offices) | (Address of principal executive offices) | (Address of principal executive offices) | (Zip Code) |

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Registrant's telephone number, including area code: (919) 716-7000

________________________________________________________________________________

(Former name or former address, if changed since last report)

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| | |
|:---|:---|
| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: |
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |

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**Securities Registered Pursuant to Section 12(b) of the Securities Exchange Act of 1934:** 

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol** | **Name of each exchange on which registered** |
| Class A Common Stock, Par Value $1 | FCNCA | Nasdaq Global Select Market |
| Depositary Shares, Each Representing a 1/40th Interest in a Share of 5.375% Non-Cumulative Perpetual Preferred Stock, Series A | FCNCP | Nasdaq Global Select Market |
| 5.625% Non-Cumulative Perpetual Preferred Stock, Series C | FCNCO | Nasdaq Global Select Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

&nbsp;&nbsp;&nbsp;&nbsp;Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 2.02. Results of Operations and Financial Condition.** 

On January 23, 2026, First Citizens BancShares, Inc. ("BancShares") announced its results of operations for the quarter ended December 31, 2025. Copies of BancShares' press release and financial supplement containing this information are included with this Current Report on Form 8-K (this "Report") as Exhibit 99.1 and Exhibit 99.3, respectively, and are incorporated into this Item 2.02 by reference. The press release and financial supplement are available on BancShares' internet site at http://www.ir.firstcitizens.com.

**Item 7.01. Regulation FD Disclosure.**

As previously announced, BancShares will host a conference call at 9 a.m. Eastern time on Friday, January 23, 2026, to discuss its financial results for the quarter ended December 31, 2025. The slides that will be made available in connection with the presentation are included with this Report as Exhibit 99.2 hereto and incorporated into this Item 7.01 by reference.

In accordance with General Instruction B.2 of Form 8-K, the information presented herein pursuant to Item 2.02, "Results of Operations and Financial Condition" and Item 7.01, "Regulation FD Disclosure," including Exhibits 99.1, 99.2 and 99.3, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, nor shall the information be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing, except as expressly set forth by specific reference in such filing.

**Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;**(d) *Exhibits*.** The following exhibits accompany this Report.

---

| | |
|:---|:---|
| <u>Exhibit No.</u> | <u>Description</u> |
| 99.1 | <u>[Earnings Release Fourth Quarter 2025](ex_991earningsrelease-4q20.htm)</u> |
| 99.2 | <u>[Investor Presentation Fourth Quarter 2025](a4q2025investorpresentat.htm)</u> |
| 99.3 | <u>[Financial Supplement Fourth Quarter 2025](ex_993financialsupplement-.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

**Disclosures About Forward-Looking Statements**

This Report contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the financial condition, results of operations, business plans, asset quality, future performance, and other strategic goals of BancShares. Words such as "anticipates," "believes," "estimates," "expects," "predicts," "forecasts," "intends," "plans," "projects," "targets," "designed," "could," "may," "should," "will," "potential," "continue," "aims" or other similar words and expressions are intended to identify these forward-looking statements. These forward-looking statements are based on BancShares' current expectations and assumptions regarding BancShares' business, the economy, and other future conditions.

Because forward-looking statements relate to future results and occurrences, they are subject to inherent risks, uncertainties, changes in circumstances and other factors that are difficult to predict. Many possible events or factors could affect BancShares' future financial results and performance and could cause actual results, performance or achievements of BancShares to differ materially from any anticipated results expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others, general competitive, economic (including the imposition of tariffs, retaliatory tariff measures, or trade barriers on trading partners), political (including impacts of any U.S. government shutdown), geopolitical events (including conflicts or developments in Ukraine, the Middle East and Latin America), natural disasters and market conditions, including changes in competitive pressures among financial institutions and the impacts related to or resulting from previous bank failures, the risks and impacts of future bank failures and other volatility in the banking industry, public perceptions of our business practices, including our deposit pricing and acquisition activity, the financial success or changing conditions or strategies of BancShares' vendors or customers, including changes in demand for deposits, loans and other financial services, fluctuations in interest rates, changes in the quality or composition of BancShares' loan or investment portfolio, actions of government regulators, including interest rate decisions by the Board of Governors of the Federal Reserve Board (the "Federal Reserve"), changes to estimates of future costs and benefits of actions taken by BancShares, BancShares' ability to maintain adequate sources of funding and liquidity, the potential impact of decisions by the Federal Reserve on

------

BancShares' capital plans, adverse developments with respect to U.S. or global economic conditions, including significant turbulence in the capital or financial markets, the impact of any sustained or elevated inflationary environment, the impact of any cyberattack, information or security breach, the impact of implementation and compliance with current or proposed laws, regulations and regulatory interpretations, including potential increased regulatory requirements, limitations, and costs, such as FDIC special assessments, increases to FDIC deposit insurance premiums, changes in regulatory capital requirements, or limitations on credit card interest rates, along with the risk that such laws, regulations and regulatory interpretations may change, the availability of capital and personnel, and the risks associated with BancShares' previously completed acquisition transactions, the pending acquisition of 138 branches from BMO Bank N.A., or any future transactions.

Except to the extent required by applicable laws or regulations, BancShares disclaims any obligation to update forward-looking statements or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments. Additional factors which could affect the forward-looking statements can be found in BancShares' Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and its other filings with the Securities and Exchange Commission.

**SIGNATURE** 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| | | | First Citizens BancShares, Inc. |
| | | | (Registrant) |
| Date: | January 23, 2026 | By: | /s/ Craig L. Nix |
|  |  |  | Craig L. Nix |
|  |  |  | Chief Financial Officer |

---

## Exhibit 99.1

![fcbslogo2014a01a01a13a.jpg](fcbslogo2014a01a01a13a.jpg)NEWS RELEASE

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**For Immediate Release** | Contact: | Deanna Hart | Angela English |
| &nbsp;&nbsp;January 23, 2026 | | Investor Relations | Corporate Communications |
| | | 919-716-2137 | 803-931-1854 |

---

**FIRST CITIZENS BANCSHARES REPORTS FOURTH QUARTER 2025 EARNINGS**

RALEIGH, N.C. -- First Citizens BancShares, Inc. ("BancShares") (Nasdaq: FCNCA) reported earnings for the fourth quarter of 2025.

Chairman and CEO Frank B. Holding, Jr. said: "We delivered solid return metrics in the fourth quarter while credit quality remained stable and we achieved strong loan growth, led by Global Fund Banking. We returned an additional $900 million of capital to our stockholders during the quarter through share repurchases and prepaid $2.5 billion of the Purchase Money Note. Our capital and liquidity positions remain strong. We are excited about our prospects for 2026."

**BMO BRANCH ACQUISITION**

On October 16, 2025, First-Citizens Bank & Trust Company ("First Citizens Bank"), the wholly owned banking subsidiary of BancShares, announced that it had entered into an agreement to acquire 138 branches from BMO Bank N.A. ("BMO Bank") located throughout the Midwest, Great Plains and West regions of the U.S. (the "BMO Branch Acquisition"). In connection with the BMO Branch Acquisition, First Citizens Bank expects to assume approximately $5.7 billion in deposits and acquire approximately $1.1 billion in loans. BancShares expects the transaction to close in the second half of 2026, subject to customary closing terms and conditions and regulatory approvals.

**FINANCIAL HIGHLIGHTS** 

Measures referenced below "as adjusted" or "excluding PAA" (or purchase accounting accretion) are non-GAAP financial measures. Refer to the Financial Supplement available at ir.firstcitizens.com or www.sec.gov for a reconciliation of each non-GAAP measure to the most directly comparable GAAP measure.

Net income for the fourth quarter of 2025 ("current quarter") was $580 million, compared to $568 million for the third quarter of 2025 ("linked quarter"). Net income available to common stockholders for the current quarter was $566 million, or $45.81 per common share, a $12 million increase from $554 million, or $43.08 per common share, in the linked quarter.

Adjusted net income for the current quarter was $648 million, compared to $587 million for the linked quarter. Adjusted net income available to common stockholders was $634 million, or $51.27 per common share, a $61 million increase from $573 million, or $44.62 per common share, in the linked quarter.

**SEGMENT REPORTING UPDATE** 

During the current quarter, the composition of the Commercial Bank segment was expanded to include SVB Commercial, which was previously a separate segment, and prior period segment financial information was recast accordingly.

**NET INTEREST INCOME AND MARGIN**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net interest income was $1.72 billion for the current quarter, a decrease of $12 million from the linked quarter. Net interest income, excluding PAA, was $1.67 billion in both the current and linked quarters.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Interest income on interest-earning deposits at banks decreased $39 million due to a lower average balance and a decline in yield.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Interest income on loans decreased $10 million, mainly due to a decline in yield and a $12 million decrease in loan PAA, partially offset by the impact of a higher average balance. Interest income on loans, excluding loan PAA, increased $2 million.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Interest income on investment securities decreased $9 million due to decreases in the average balance and yield.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Interest expense on borrowings increased $4 million due to increases in the rate paid and the average balance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Interest expense on interest-bearing deposits decreased $50 million due to a lower rate paid, partially offset by the impact of a higher average balance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net interest margin ("NIM") was 3.20% compared to 3.26% in the linked quarter, a decrease of 6 basis points. NIM, excluding PAA, was 3.11%, compared to 3.15% in the linked quarter, a decrease of 4 basis points.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ The yield on average interest-earning assets was 5.48%, a decrease of 16 basis points from the linked quarter, mainly due to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ A lower loan yield resulting from lower interest rates and a decline in loan PAA, partially offset by the impact of a higher average balance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ A lower yield on interest-earning deposits at banks resulting from a decline in the federal funds rate, and a lower average balance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ The rate paid on average interest-bearing liabilities was 3.03%, a decrease of 13 basis points from the linked quarter, primarily due to a lower rate paid on interest-bearing deposits, partially offset by the impact of a higher average balance of interest-bearing deposits.

**NONINTEREST INCOME AND EXPENSE**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Noninterest income was $715 million, compared to $699 million in the linked quarter, an increase of $16 million. Adjusted noninterest income was $529 million, compared to $518 million in the linked quarter, an increase of $11 million. The increases in noninterest income and adjusted noninterest income were primarily due to an increase of $8 million in rental income on operating lease equipment ($7 million increase when adjusted for depreciation and maintenance expenses). Increases in wealth management services and international fees were partially offset by decreases in client investment fees and lending-related fees. Additionally, a $9 million loss on extinguishment of debt was recognized for the $2.5 billion partial prepayment of the Purchase Money Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Noninterest expense was $1.57 billion, compared to $1.49 billion in the linked quarter, an increase of $81 million. Adjusted noninterest expense was $1.37 billion, compared to $1.28 billion in the linked quarter, an increase of $89 million. The increases in noninterest expense and adjusted noninterest expense were primarily due to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Personnel cost increased $32 million, primarily driven by higher temporary labor to support technology related projects, performance-based incentive compensation, and health insurance claims as employees reached their out-of-pocket deductibles.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Equipment expense increased $14 million, largely due to higher software-related costs as BancShares continues to scale its technology platforms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Marketing expense increased $12 million, mostly due to marketing promotions for Direct Bank deposits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Professional fees increased $8 million, mainly due to consulting services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Third-party processing fees increased $8 million.

**BALANCE SHEET SUMMARY**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Loans and leases were $147.93 billion at December 31, 2025, an increase of $3.17 billion or 2.2%, compared to $144.76 billion at September 30, 2025. Commercial Bank segment loan growth of $3.44 billion, mainly concentrated in Global Fund Banking, was partially offset by a decrease in General Bank segment loans of $267 million, which reflected a transfer of $694 million residential mortgage loans to held for sale.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total investment securities were $41.56 billion at December 31, 2025, a decrease of $3.56 billion since September 30, 2025. Investment securities were a significant funding source for the $2.5 billion partial prepayment of the Purchase Money Note, which along with the impact of net purchases, maturities and paydowns, contributed to the decrease in investment securities. Purchases of approximately $6.49 billion during the current quarter remained concentrated in short duration available for sale U.S. treasury and agency mortgage-backed securities. Sales of approximately $2.62 billion of investment securities during the current quarter resulted in a realized gain of $3 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Deposits were $161.58 billion at December 31, 2025, a decrease of $1.61 billion or 1.0%, since September 30, 2025, primarily attributable to a decline in Commercial Bank segment deposits of $1.34 billion, mainly driven by expected

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seasonal outflows and the continued migration into off-balance sheet client funds within Global Fund Banking. Additionally, Direct Bank deposits declined $344 million and General Bank segment deposits increased $200 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Noninterest-bearing deposits declined by $2.10 billion (4.9% from the linked quarter) and represented 25.2% of total deposits as of December 31, 2025, compared to 26.2% at September 30, 2025. The cost of average total deposits was 2.09% for the current quarter, compared to 2.25% for the linked quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Borrowings were $36.01 billion at December 31, 2025, a decrease of $2.67 billion, compared to $38.68 billion at September 30, 2025, mainly due to the $2.5 billion partial prepayment of the Purchase Money Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Funding mix remained stable with 81.8% of total funding comprised of deposits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Interest-earning deposits at banks were $19.80 billion at December 31, 2025, a decrease of $5.00 billion compared to $24.80 billion at September 30, 2025, a function of the balance sheet trends discussed above.

**PROVISION FOR CREDIT LOSSES AND CREDIT QUALITY**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Provision for credit losses totaled $54 million for the current quarter, compared to $191 million for the linked quarter. The current quarter provision for credit losses included a provision for loan and lease losses of $59 million, partially offset by a benefit for off-balance sheet credit exposure of $5 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ The provision for loan and lease losses for the current quarter was $59 million, compared to $214 million for the linked quarter. The $155 million decrease was mainly attributable to a decline in net charge-offs of $91 million, along with the impact of an $86 million reserve release in the current quarter, compared to a $20 million reserve release in the linked quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ The $86 million reserve release in the current quarter was driven by lower specific reserves for individually evaluated loans, loan growth concentrated in capital call lines which have a lower loss rate relative to our other loan portfolios, and improvements in the economic outlook and credit quality.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ The benefit for off-balance sheet credit exposure for the current quarter was $5 million, compared to $23 million in the linked quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net charge-offs were $143 million (0.39% of average loans) for the current quarter, compared to $234 million (0.65% of average loans) for the linked quarter. The $91 million decrease was mainly due to an $82 million charge-off in the linked quarter on a single supply chain finance client in the Commercial Bank segment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nonaccrual loans were $1.31 billion (0.88% of loans) at December 31, 2025, compared to $1.41 billion (0.97% of loans) at September 30, 2025. The decrease in nonaccrual loans was mainly in Tech and Healthcare within the Commercial Bank segment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The allowance for loan and lease losses totaled $1.57 billion at December 31, 2025, compared to $1.65 billion at September 30, 2025. The decrease is discussed above. The allowance for loan and lease losses as a percentage of loans was 1.06% at December 31, 2025, compared to 1.14% at September 30, 2025.

**CAPITAL AND LIQUIDITY**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** Capital ratios remained well above regulatory requirements. The estimated total risk-based capital, Tier 1 risk-based capital, Common equity Tier 1 risk-based capital, and Tier 1 leverage ratios were 13.71%, 11.91%, 11.15%, and 9.29%, respectively, at December 31, 2025. During the current quarter, BancShares issued Series D perpetual preferred stock for an aggregate amount of $500 million, which is included in Tier 1 capital.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• During the current quarter, we repurchased 479,470 shares of our Class A common stock for $900 million and paid a dividend of $2.10 per share on our Class A and Class B common stock. Shares repurchased during the current quarter represented 4.13% of Class A common shares and 3.80% of total Class A and Class B common shares outstanding at September 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ From inception of the 2024 Share Repurchase Plan through December 31, 2025, we have repurchased 2,393,103 shares of our Class A common stock for $4.69 billion, representing 17.69% of Class A common shares and 16.47% of total Class A and Class B common shares outstanding as of June 30, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ As of December 31, 2025, the total capacity remaining under the 2025 Share Repurchase Plan was $2.81 billion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Liquidity position remains strong as liquid assets were $56.01 billion at December 31, 2025, compared to $61.92 billion at September 30, 2025. The decrease of $5.91 billion is due to the decreases in interest-earning deposits at banks and investment securities as further discussed above in the Balance Sheet Summary.

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**EARNINGS CALL/ WEBCAST DETAILS**

BancShares will host a conference call to discuss the company's financial results on Friday, January 23, 2026, at 9 a.m. Eastern time.

The call may be accessed via webcast on the company's website at ir.firstcitizens.com or through the dial-in details below:

North America: 1-833-470-1428

All other locations: 1-929-526-1599

Access code: 837161

Our earnings release, investor presentation, and financial supplement are available at ir.firstcitizens.com. In addition, these materials will be furnished to the Securities and Exchange Commission (the "SEC") on a Form 8-K and will be available on the SEC website at www.sec.gov. After the event, a replay of the call will be available via webcast at ir.firstcitizens.com.

**ABOUT FIRST CITIZENS BANCSHARES**

First Citizens BancShares, Inc. (Nasdaq: FCNCA), a top 20 U.S. financial institution with more than $200 billion in assets and a member of the Fortune 500<sup>TM</sup>, is the financial holding company for First-Citizens Bank & Trust Company ("First Citizens Bank"). Headquartered in Raleigh, N.C., First Citizens Bank has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of branches and offices nationwide; commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast; innovation banking serving businesses at every stage; and a nationwide direct bank. Discover more at firstcitizens.com.

**FORWARD-LOOKING STATEMENTS**

This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the financial condition, results of operations, business plans, asset quality, future performance, and other strategic goals of BancShares. Words such as "anticipates," "believes," "estimates," "expects," "predicts," "forecasts," "intends," "plans," "projects," "targets," "designed," "could," "may," "should," "will," "potential," "continue," "aims" or other similar words and expressions are intended to identify these forward-looking statements. These forward-looking statements are based on BancShares' current expectations and assumptions regarding BancShares' business, the economy, and other future conditions.

Because forward-looking statements relate to future results and occurrences, they are subject to inherent risks, uncertainties, changes in circumstances and other factors that are difficult to predict. Many possible events or factors could affect BancShares' future financial results and performance and could cause actual results, performance or achievements of BancShares to differ materially from any anticipated results expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others, general competitive, economic (including the imposition of tariffs, retaliatory tariff measures, or trade barriers on trading partners), political (including impacts of any U.S. government shutdown), geopolitical events (including conflicts or developments in Ukraine, the Middle East and Latin America), natural disasters and market conditions, including changes in competitive pressures among financial institutions and the impacts related to or resulting from previous bank failures, the risks and impacts of future bank failures and other volatility in the banking industry, public perceptions of our business practices, including our deposit pricing and acquisition activity, the financial success or changing conditions or strategies of BancShares' vendors or customers, including changes in demand for deposits, loans and other financial services, fluctuations in interest rates, changes in the quality or composition of BancShares' loan or investment portfolio, actions of government regulators, including interest rate decisions by the Board of Governors of the Federal Reserve Board (the "Federal Reserve"), changes to estimates of future costs and benefits of actions taken by BancShares, BancShares' ability to maintain adequate sources of funding and liquidity, the potential impact of decisions by the Federal Reserve on BancShares' capital plans, adverse developments with respect to U.S. or global economic conditions, including significant turbulence in the capital or financial markets, the impact of any sustained or elevated inflationary environment, the impact of any cyberattack, information or security breach, the impact of implementation and compliance with current or proposed laws, regulations and regulatory interpretations, including potential increased regulatory requirements, limitations, and costs, such as FDIC special assessments, increases to FDIC deposit insurance premiums, changes in regulatory capital requirements, or limitations on credit card interest rates, along with the risk that such laws, regulations and regulatory interpretations may change, the availability of capital and personnel, and the risks associated with BancShares' previously completed acquisition transactions, the pending BMO Branch Acquisition, or any future transactions.

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BancShares' 2025 Share Repurchase Plan announced in July 2025 ("2025 SRP") allows BancShares to repurchase shares of its Class A common stock through 2026. BancShares is not obligated under the 2025 SRP to repurchase any minimum or particular number of shares, and repurchases may be suspended or discontinued at any time (subject to the terms of any Rule 10b5-1 plan in effect) without prior notice. The authorization to repurchase Class A common stock will be utilized at management's discretion. The actual timing and amount of Class A common stock that may be repurchased under the 2025 SRP will depend on a number of factors, including the terms of any Rule 10b5-1 plan then in effect, price, general business and market conditions, regulatory requirements, and alternative investment opportunities or capital needs.

Except to the extent required by applicable laws or regulations, BancShares disclaims any obligation to update forward-looking statements or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments. Additional factors which could affect the forward-looking statements can be found in BancShares' Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and its other filings with the SEC.

**NON-GAAP MEASURES**

Certain measures in this release, including those referenced as "adjusted" or "excluding PAA," are "non-GAAP," meaning they are numerical measures of BancShares' financial performance, financial position or cash flows that are not presented in accordance with generally accepted accounting principles in the U.S. ("GAAP") because they exclude or include amounts or are adjusted in some way so as to be different than the most direct comparable measures calculated and presented in accordance with GAAP in BancShares' statements of income, balance sheets or statements of cash flows and also are not codified in U.S. banking regulations currently applicable to BancShares. BancShares management believes that non-GAAP financial measures, when reviewed in conjunction with GAAP financial information, can provide transparency about or an alternative means of assessing its operating results, financial position or cash flows to its investors, analysts and management. These non-GAAP measures should be considered in addition to, and not superior to or a substitute for, GAAP measures. Each non-GAAP measure is reconciled to the most comparable GAAP measure in the non-GAAP reconciliation. This information can be found in the Financial Supplement located in the Quarterly Results section of our website at https://ir.firstcitizens.com/financial-information/quarterly-results/default.aspx.

## Exhibit 99.2

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First Citizens BancShares, Inc. Fourth Quarter 2025 Earnings Conference Call January 23, 2026

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2 **Table of Contents** Pages Section I – Fourth Quarter Overview & Strategic Priorities 4 – 6 Section II – Fourth Quarter 2025 Financial Results 7 – 26 Financial Highlights 8 – 9 Earnings Highlights 10 Net interest income, margin and betas 11 – 13 Noninterest income and expense 14 – 15 Balance Sheet Highlights 16 Loans and Leases 17 – 18 Deposits 19 – 20 SVB Commercial Funding Trends 21 Funding Mix 22 Credit Quality Trends and Allowance 23 – 24 Capital & Share Repurchase Plan Update 25 – 26 Section III – Financial Outlook 27 – 28 Section IV – Appendix 29 – 40 Section V – Non-GAAP Reconciliations 41 – 50

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3 Forward Looking Statements This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the financial condition, results of operations, business plans, asset quality, future performance, and other strategic goals of BancShares. Words such as "anticipates," "believes," "estimates," "expects," "predicts," "forecasts," "intends," "plans," "projects," "targets," "designed," "could," "may," "should," "will," "potential," "continue," "aims" or other similar words and expressions are intended to identify these forward-looking statements. These forward-looking statements are based on BancShares' current expectations and assumptions regarding BancShares' business, the economy, and other future conditions. Because forward-looking statements relate to future results and occurrences, they are subject to inherent risks, uncertainties, changes in circumstances and other factors that are difficult to predict. Many possible events or factors could affect BancShares' future financial results and performance and could cause actual results, performance or achievements of BancShares to differ materially from any anticipated results expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others, general competitive, economic (including the imposition of tariffs, retaliatory tariff measures, or trade barriers on trading partners), political (including impacts of any U.S. government shutdown), geopolitical events (including conflicts or developments in Ukraine, the Middle East and Latin America), natural disasters and market conditions, including changes in competitive pressures among financial institutions and the impacts related to or resulting from previous bank failures, the risks and impacts of future bank failures and other volatility in the banking industry, public perceptions of our business practices, including our deposit pricing and acquisition activity, the financial success or changing conditions or strategies of BancShares' vendors or customers, including changes in demand for deposits, loans and other financial services, fluctuations in interest rates, changes in the quality or composition of BancShares' loan or investment portfolio, actions of government regulators, including interest rate decisions by the Board of Governors of the Federal Reserve Board (the "Federal Reserve"), changes to estimates of future costs and benefits of actions taken by BancShares, BancShares' ability to maintain adequate sources of funding and liquidity, the potential impact of decisions by the Federal Reserve on BancShares' capital plans, adverse developments with respect to U.S. or global economic conditions, including significant turbulence in the capital or financial markets, the impact of any sustained or elevated inflationary environment, the impact of any cyberattack, information or security breach, the impact of implementation and compliance with current or proposed laws, regulations and regulatory interpretations, including potential increased regulatory requirements, limitations, and costs, such as FDIC special assessments, increases to FDIC deposit insurance premiums, changes in regulatory capital requirements, or limitations on credit card interest rates, along with the risk that such laws, regulations and regulatory interpretations may change, the availability of capital and personnel, and the risks associated with BancShares' previously completed acquisition transactions, the pending BMO Branch Acquisition, or any future transactions. BancShares' 2025 Share Repurchase Plan announced in July 2025 ("2025 SRP") allows BancShares to repurchase shares of its Class A common stock through 2026. BancShares is not obligated under the 2025 SRP to repurchase any minimum or particular number of shares, and repurchases may be suspended or discontinued at any time (subject to the terms of any Rule 10b5-1 plan in effect) without prior notice. The authorization to repurchase Class A common stock will be utilized at management's discretion. The actual timing and amount of Class A common stock that may be repurchased under the 2025 SRP will depend on a number of factors, including the terms of any Rule 10b5-1 plan then in effect, price, general business and market conditions, regulatory requirements, and alternative investment opportunities or capital needs. Except to the extent required by applicable laws or regulations, BancShares disclaims any obligation to update forward-looking statements or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments. Additional factors which could affect the forward-looking statements can be found in BancShares' Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and its other filings with the SEC. Non-GAAP Measures Certain measures in this presentation, including those referenced as "adjusted" or "excluding PAA," are "non-GAAP," meaning they are numerical measures of BancShares' financial performance, financial position or cash flows that are not presented in accordance with generally accepted accounting principles in the U.S. ("GAAP") because they exclude or include amounts or are adjusted in some way so as to be different than the most direct comparable measures calculated and presented in accordance with GAAP in BancShares' statements of income, balance sheets or statements of cash flows and also are not codified in U.S. banking regulations currently applicable to BancShares. BancShares management believes that non-GAAP financial measures, when reviewed in conjunction with GAAP financial information, can provide transparency about or an alternative means of assessing its operating results, financial position or cash flows to its investors, analysts and management. These non-GAAP measures should be considered in addition to, and not superior to or a substitute for, GAAP measures. Each non-GAAP measure is reconciled to the most comparable GAAP measure in the non-GAAP reconciliation in Section V of this presentation. Certain financial results referenced as "Adjusted" in this presentation exclude notable items. The Adjusted financial measures are non-GAAP. Refer to Section V of this presentation for a reconciliation of Non-GAAP financial measures to the most directly comparable GAAP measure. Reclassifications See Section IV entitled Appendix for information on reclassifications. Important Notices

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Fourth Quarter Overview & Strategic Priorities Section I

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5 Fourth Quarter 2025 Snapshot Key Highlights: ■ EPS, ROE and ROA results exceeded our expectations. ■ Strategic balance sheet management: • Total loans were up 2.2% over the linked quarter led by Global Fund Banking loan growth. • Period end deposits decreased by $1.6 billion from the linked quarter due to expected seasonal outflows and continued migration to OBS client funds which increased $2.6 billion. Additionally, average deposits were up $2.6 billion from the linked quarter. • Repaid $2.5 billion of the FDIC Purchase Money Note in December 2025. ■ Prudent capital management: • Issued $500 million of preferred stock in November. • Repurchased $900 million in Class A common shares in the fourth quarter. Since inception in July 2024, we have repurchased $4.9 billion or 18.30% of Class A common shares. (3) Financial Results: Adjusted EPS (1) $51.27 Adjusted ROE / ROA (1) 11.93% / 1.10% NIM 3.20% Adjusted Efficiency Ratio (1) 60.79% Loan / Deposit Change (2) 2.2% / (1.0)% CET1 Ratio (4) 11.15% (1) Non-GAAP measure: see Section V entitled Non-GAAP Reconciliations. (2) Loan and deposit growth percentages are current quarter compared to the linked quarter using period end balances. (3) Total repurchases include those since inception of the plan in July 2024 through January 20, 2026. Refer to Share Repurchase Plan Update page for additional details. (4) The CET1 ratio represents a BancShares ratio and is preliminary pending completion of quarterly regulatory filings.

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6 Strategic Priorities • Expand and grow our capabilities and products while harnessing the scale of the enterprise and maintaining a client- first focus. Client Focus • Attract, retain and develop associates who align with our long-term direction and culture while scaling for continued growth. Talent & Culture • Optimize processes and systems to reduce organizational complexity and maximize productivity. Operational Efficiency • Manage our balance sheet prudently to optimize our funding and liquidity profile while driving core deposit growth and enhancing returns. Balance Sheet Optimization Risk Management

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Fourth Quarter 2025 Financial Results Section II

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8 4Q25 Financial Results - Takeaways While EPS, ROE and ROA results exceeded our expectations, NII and NIM declined during the quarter aligned with our expectations. 1 Liquidity remained robust and we repaid $2.5 billion of the FDIC Purchase Money Note in the fourth quarter. 7 Credit quality improved and net charge-offs were in line with our expectations.6 Delivered strong noninterest income performance driven by consistent growth in our fee income lines of business. 2 Noninterest expense was higher driven primarily by increases in personnel expenses, increased technology costs and higher Direct Bank marketing expenses. 3 Deposits declined by $1.6 billion or by 1.0% from the linked quarter driven by expected outflows in Global Fund Banking and the Branch Network, offset by growth in Technology & Healthcare banking. 5 Loans grew $3.2 billion or by 2.2% over the linked quarter led by Global Fund Banking loan growth. 4 (1) Non-GAAP measure: see Section V entitled Non-GAAP Reconciliations. Continued to return capital to shareholders through the repurchase of 479,470 shares of Class A common stock totaling $900 million in the fourth quarter while maintaining a strong CET1 ratio. 8

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9 4Q25 3Q25 4Q24 EPS (basic and diluted) $45.81 $51.27 $43.08 $44.62 $49.21 $45.10 ROE 10.66 % 11.93 % 10.26 % 10.62 % 12.56 % 11.51 % ROTCE (non-GAAP) 10.94 12.25 10.53 10.91 12.92 11.84 ROA 0.99 1.10 0.98 1.01 1.25 1.14 PPNR ROA (non-GAAP) 1.47 1.50 1.62 1.67 1.58 1.70 NIM 3.20 3.20 3.26 3.26 3.32 3.32 NIM, ex PAA (non-GAAP) 3.11 3.11 3.15 3.15 3.16 3.16 NCO ratio 0.39 0.39 0.65 0.65 0.46 0.46 Efficiency ratio 64.53 60.79 61.27 56.78 63.01 56.98 Reported Adjusted (Non-GAAP) Reported Adjusted (Non-GAAP) Reported Adjusted (Non-GAAP) Financial Highlights Note – Adjusted columns, ROTCE, PPNR ROA and NIM, ex PAA represent non-GAAP measures: see Section V entitled Non-GAAP Reconciliations.

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10 Reported Increase (decrease) 4Q25 vs 3Q25 (1) 4Q25 vs 4Q24 (1) 4Q25 3Q25 4Q24 $% $% Net interest income $1,722 $1,734 $1,709 $(12) (0.6) % $13 0.8 % Noninterest income 715 699 699 16 2.3 16 2.2 Net revenue 2,437 2,433 2,408 4 0.2 29 1.2 Noninterest expense 1,572 1,491 1,517 81 5.5 55 3.6 Pre-provision net revenue (2) 865 942 891 (77) (8.2) (26) (3.0) Provision for credit losses 54 191 155 (137) (71.7) (101) (65.1) Income before income taxes 811 751 736 60 7.8 75 10.1 Income tax expense 231 183 36 48 25.3 195 540.9 Net income 580 568 700 12 2.2 (120) (17.1) Preferred stock dividends 14 14 15 — (1.6) (1) (5.0) Net income available to common stockholders $566 $554 $685 $12 2.3 % $(119) (17.4) % Adjustments for notable items 4Q25 3Q25 4Q24 Noninterest income $(186) $(181) $(183) Noninterest expense (204) (212) (249) Income tax expense (50) 12 123 Adjusted (Non-GAAP) (2) Increase (decrease) 4Q25 vs 3Q25 (1) 4Q25 vs 4Q24 (1) 4Q25 3Q25 4Q24 $% $% Net interest income $1,722 $1,734 $1,709 $(12) (0.6) % $13 0.8 % Noninterest income 529 518 516 11 2.4 13 2.6 Net revenue 2,251 2,252 2,225 (1) 0.0 26 1.2 Noninterest expense 1,368 1,279 1,268 89 7.1 100 8.0 Pre-provision net revenue (2) 883 973 957 (90) (9.2) (74) (7.8) Provision for credit losses 54 191 155 (137) (71.7) (101) (65.1) Income before income taxes 829 782 802 47 6.0 27 3.3 Income tax expense 181 195 159 (14) (7.0) 22 13.5 Net income 648 587 643 61 10.3 5 0.8 Preferred stock dividends 14 14 15 — (1.6) (1) (5.0) Net income available to common stockholders $634 $573 $628 $61 10.6 % $6 0.9 % Quarterly Earnings Highlights ($ in millions) (1) Percent change is calculated using unrounded numbers. (2) Non-GAAP measure: see Section V entitled Non-GAAP Reconciliations.

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11 $1,627 $1,588 $1,629 $1,673 $1,673 3.16% 3.12% 3.14% 3.15% 3.11% NII, ex PAA (Non-GAAP) NIM, ex PAA (Non-GAAP) 4Q24 1Q25 2Q25 3Q25 4Q25 $1,709 $1,663 $1,695 $1,734 $1,722 3.32% 3.26% 3.26% 3.26% 3.20% NII NIM 4Q24 1Q25 2Q25 3Q25 4Q25 $(12) million & (-6 bps) Net interest income and margin ($ in millions) Unchanged & (-4 bps) (1) (1) Change vs 4Q25 3Q25 4Q24 3Q25 4Q24 Avg Balance Income / Expense Yield / Rate Avg Balance Income / Expense Yield / Rate Avg Balance Income / Expense Yield / Rate Avg Balance Income / Expense Yield / Rate Avg Balance Income / Expense Yield / Rate Loans and leases (2) (3) $145,689 $2,290 6.24 % $141,785 $2,300 6.44 % $138,186 $2,322 6.69 % $3,904 $(10) (0.20) % $7,503 $(32) (0.45) % Investment securities and reverse repos 44,591 424 3.80 45,111 433 3.83 41,045 377 3.67 (520) (9) (0.03) 3,546 47 0.13 Interest-earning deposits at banks 23,014 226 3.90 24,146 265 4.36 25,548 302 4.70 (1,132) (39) (0.46) (2,534) (76) (0.80) Total interest-earning assets (3) $213,294 $2,940 5.48 % $211,042 $2,998 5.64 % $204,779 $3,001 5.83 % $2,252 $(58) (0.16) % $8,515 $(61) (0.35) % Interest-bearing deposits $121,433 $861 2.81 % $120,575 $911 3.00 % $114,565 $957 3.32 % $858 $(50) (0.19) % $6,868 $(96) (0.51) % Total borrowings 38,196 357 3.74 38,258 353 3.70 37,092 335 3.61 (62) 4 0.04 1,104 22 0.13 Total interest-bearing liabilities $159,629 $1,218 3.03 % $158,833 $1,264 3.16 % $151,657 $1,292 3.39 % $796 $(46) (0.13) % $7,972 $(74) (0.36) % Net interest income $1,722 $1,734 $1,709 $(12) $13 Net interest spread (3) 2.45 % 2.48 % 2.44 % (0.03) % 0.01 % Net interest margin (3) 3.20 % 3.26 % 3.32 % (0.06) % (0.12) % Note – Certain items above do not precisely recalculate as presented due to rounding. (1) Non-GAAP measure: see Section V entitled Non-GAAP Reconciliations. (2) Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes loan PAA income and loan fees. (3) The average balances and yields for loans and leases are calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables.

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12 3.32% 0.29% 0.06% 0.05% (0.24)% (0.17)% (0.06)% (0.03)% (0.02)% 3.20% 4Q24 Deposit rate Investment yield / volume Loan volume Loan yield FFS yield / volume PAA Deposit volume Debt rate / volume 4Q25 4Q24 to 4Q25 (-12 bps) NIM Rollforward 3.26% 0.10% 0.07% (0.11)% (0.05)% (0.03)% (0.02)% (0.02)% 3.20% 3Q25 Deposit rate Loan volume Loan yield Yield on FFS FFS volume Investment volume PAA 4Q25 3Q25 to 4Q25 (-6 bps)

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13 Deposit Betas Highlights • Our total cumulative deposit beta peaked in August prior to the September rate cuts. • Deposit betas are currently modeled to have a portfolio average of approximately 35%-40% over the twelve-month forecast horizon, including 50%-55% for interest-bearing non-maturity deposits. • Mid/higher beta categories: ◦ > 30% beta on Direct Bank and SVB Commercial money market, savings and time deposit accounts. ◦ 20 to 30% beta on Branch Network commercial money market accounts and Community Association Banking checking with interest and money market accounts. • Lower beta categories: ◦ 0 to 20% beta on total noninterest bearing deposits and Branch Network consumer money market accounts, checking with interest and savings accounts. 23% 30% 37% 42% 45% 46% 47% 12% 20% 34% 39% 39% 38% 31% 46% 53% 58% 61% 63% 64% 16% 26% 49% 56% 56% 52% 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 - Jul/Aug 3Q24 - Sep 4Q24 1Q25 2Q25 3Q25 4Q25 Tightening Cycle Easing Cycle Terminal beta 42% 42% 42% 43% 42% 58% 58% 58% 57% 58% Mid/higher beta categories Lower beta categories 4Q24 1Q25 2Q25 3Q25 4Q25 Total Deposits Actual cumulative beta Actual cumulative beta IBD

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14 $699 $635 $678 $699 $715 $516 $479 $513 $518 $529 $183 $156 $165 $181 $186 4Q24 1Q25 2Q25 3Q25 4Q25 Noninterest income ($ in millions) Adjusted (Non-GAAP) (1) Notable items (2) (1) Non-GAAP measure: see Section V entitled Non-GAAP Reconciliations. (2) Refer to Section V for notable item details. Noninterest income Increase (decrease) 4Q25 vs 3Q25 4Q25 vs 4Q24 4Q25 3Q25 2Q25 1Q25 4Q24 $% $% Total reported noninterest income $715 $699 $678 $635 $699 $16 2.3 % $16 2.2 % Notable items (2) 186 181 165 156 183 5 2.8 3 1.6 Total adjusted noninterest income (1) $529 $518 $513 $479 $516 $11 2.4 % $13 2.6 % Adjusted rental income on operating lease equipment $115 $108 $117 $114 $120 $7 6.5 % $(5) (4.4) % Lending-related fees 64 67 69 66 68 (3) (5.9) (4) (6.5) Deposit fees and service charges 63 61 59 58 58 2 2.7 5 8.8 Client investment fees 54 58 52 53 54 (4) (6.4) — (0.7) Wealth management services 61 57 55 56 54 4 7.4 7 12.8 International fees 37 34 33 32 33 3 8.3 4 11.8 Factoring commissions 20 18 18 17 20 2 12.5 — — Cardholder services, net 37 39 41 41 41 (2) (2.0) (4) (7.3) Merchant services, net 13 12 13 14 13 1 12.5 — (3.0) Insurance commissions 12 13 14 14 13 (1) (6.0) (1) (5.1) Other noninterest income 53 51 42 14 42 2 4.1 11 27.6

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15 $1,517 $1,493 $1,500 $1,491 $1,572 $1,268 $1,277 $1,279 $1,279 $1,368 $249 $216 $221 $212 $204 4Q24 1Q25 2Q25 3Q25 4Q25 Noninterest expense ($ in millions) (1) Non-GAAP measure: see Section V entitled Non-GAAP Reconciliations. (2) Refer to Section V for notable item details. Adjusted (Non-GAAP) (1) Notable items (2) Noninterest expense Increase (decrease) 4Q25 vs 3Q25 4Q25 vs 4Q24 4Q25 3Q25 2Q25 1Q25 4Q24 $% $% Total reported noninterest expense $1,572 $1,491 $1,500 $1,493 $1,517 $81 5.5 % $55 3.6 % Notable items 204 212 221 216 249 (8) (3.8) (45) (18.1) Total adjusted noninterest expense (1) $1,368 $1,279 $1,279 $1,277 $1,268 $89 7.1 % $100 8.0 % Personnel cost $849 $811 $810 $818 $801 $38 4.7 % $48 6.0 % Net occupancy expense 61 58 61 58 60 3 6.3 1 2.3 Equipment expense 151 137 131 136 136 14 11.1 15 11.0 Professional fees 34 26 30 25 30 8 28.7 4 12.2 Third-party processing fees 75 67 63 63 57 8 10.8 18 30.7 FDIC insurance expense 39 38 38 38 33 1 — 6 17.7 Marketing expense 45 33 32 32 24 12 38.7 21 85.7 Other noninterest expense 114 109 114 107 127 5 6.1 (13) (8.9)

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16 Increase (decrease) 4Q25 vs 3Q25 4Q25 vs 4Q24 SELECT PERIOD END BALANCES 4Q25 3Q25 4Q24 $% $% Interest-earning deposits at banks $19,801 $24,798 $21,364 $(4,997) (79.9) % $(1,563) (7.3) % Investment securities 41,564 45,124 44,090 (3,560) (31.3) (2,526) (5.7) Loans and leases 147,930 144,758 140,221 3,172 8.7 7,709 5.5 Operating lease equipment, net (2) 9,621 9,446 9,323 175 7.3 298 3.2 Deposits 161,578 163,190 155,229 (1,612) (3.9) 6,349 4.1 Noninterest-bearing deposits 40,653 42,752 38,633 (2,099) (19.5) 2,020 5.2 Borrowings 36,008 38,675 37,051 (2,667) (27.4) (1,043) (2.8) Tangible common equity (non-GAAP) (3) 20,322 20,551 20,752 (229) (4.4) (430) (2.1) Common equity 20,863 21,105 21,347 (242) (4.5) (484) (2.3) Stockholders' equity 22,238 21,986 22,228 252 4.5 10 — Off-balance sheet client funds 69,703 67,056 62,399 2,647 15.7 7,304 11.7 Increase (decrease) KEY METRICS 4Q25 3Q25 4Q24 4Q25 vs 3Q25 4Q25 vs 4Q24 CET1 ratio (4) 11.15 % 11.65 % 12.99 % (0.50) % (1.84) % Book value per common share $1,718.71 $1,672.54 $1,556.16 $46.17 $162.55 Tangible book value per common share (non-GAAP) (3) 1,674.11 1,628.64 1,512.77 45.47 161.34 Tangible capital to tangible assets (non-GAAP) (3) 8.87 % 8.82 % 9.30 % 0.05 % (0.43) % Loan to deposit ratio 91.55 88.71 90.33 2.84 1.22 ALLL to total loans and leases 1.06 1.14 1.20 (0.08) (0.14) Noninterest-bearing deposits to total deposits 25.16 26.20 24.89 (1.04) 0.27 Uninsured deposits 38 % 37 % 38 % 1 % — % Total liquid assets (available cash + HQLS) $56,006 $61,924 $59,339 $(5,918) $(3,333) Total liquidity (liquid assets & contingent sources) 86,743 93,274 86,628 (6,531) 115 Total liquidity / uninsured deposits 140 % 156 % 146 % (16.00) % (6.00) % Balance Sheet Highlights ($ in millions, except per share data) (1) (1) (1) Percent change is calculated using unrounded numbers and the linked quarter is annualized. (2) Operating lease equipment, net includes $8.9 billion of rail assets as of 4Q25. (3) Non-GAAP measure: see Section V entitled Non-GAAP Reconciliations. (4) The SLA was terminated in early 2Q25 and therefore does not benefit risk-based capital ratios for subsequent period ends. Risk-based capital ratios prior to 2Q25 include the benefit of the SLA.

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17 $140,221 $141,358 $141,269 $144,758 $147,930 $75,334 $76,511 $76,282 $79,533 $82,972 $64,887 $64,847 $64,987 $65,225 $64,958 Commercial Bank General Bank 4Q24 1Q25 2Q25 3Q25 4Q25 Note – Commercial Bank includes a small amount of Rail loans (less than $100 million in all periods). Rail operating lease assets are not included in the loan totals. $144,758 $3,439 $(267) $147,930 3Q25 Commercial Bank General Bank 4Q25 $142,857 $3,822 $265 $146,944 3Q25 Commercial Bank General Bank 4Q25 Average RollforwardPeriod End Rollforward Average LoansPeriod End Loans $139,641 $140,780 $141,791 $142,857 $146,944 $74,164 $75,890 $76,842 $77,798 $81,620 $65,477 $64,890 $64,949 $65,059 $65,324 Commercial Bank General Bank Yield on loans 4Q24 1Q25 2Q25 3Q25 4Q25 6.49% 6.47% 6.44% 6.24%6.69% Loans and Leases ($ in millions) $3.2 billion & 2.2% $4.1 billion & 2.9%

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18 30% 8% 6%30% 22% 4% Branch Network & Other ($44.3) Wealth & Private Banking ($11.1) Mortgage ($9.6) SVB Commercial ($44.1) Commercial Finance & Middle Market Banking ($32.9) Equipment Finance ($5.9) Loans and Leases Composition Period End Balances ($ in millions) Increase (decrease) 4Q25 vs 3Q25 4Q25 vs 4Q24 4Q25 3Q25 4Q24 $% $% Branch Network & Other $44,274 $43,975 $44,000 $299 2.7 % $274 0.6 % Wealth & Private Banking 11,081 10,956 10,638 125 4.5 443 4.2 Mortgage (2) 9,603 10,294 10,249 (691) (26.6) (646) (6.3) General Bank Segment (2) 64,958 65,225 64,887 (267) (1.6) 71 0.1 SVB Commercial 44,147 40,629 37,375 3,518 34.4 6,772 18.1 Commercial Finance & Middle Market Banking 32,897 32,931 32,137 (34) (0.4) 760 2.4 Equipment Finance 5,928 5,973 5,822 (45) (3.0) 106 1.8 Commercial Bank Segment (3) 82,972 79,533 75,334 3,439 17.2 7,638 10.1 Total Loans $147,930 $144,758 $140,221 $3,172 8.7 % $7,709 5.5 % Note – Totals may not foot due to rounding. (1) Percent change is calculated using unrounded numbers and the linked quarter is annualized. (2) Fourth quarter 2025 includes the impact of a transfer of loans to held for sale from the Mortgage portfolio, reducing period end balances by $694 million. (3) Commercial Bank includes a small amount of Rail loans (less than $100 million in all periods). Rail operating lease assets are not included in the loan totals. Segment / Business ($ in billions) Commercial Bank: (2) General Bank: Class ($ in billions) 30% 21%17% 16% 12% 2%2% Commercial and industrial ($44.7) Capital call lines ($31.8) Residential and revolving mortgage ($24.7) Commercial real estate ($23.8) Owner occupied commercial mortgage ($17.7) Investor dependent ($2.8) Auto and other consumer ($2.5) (1) (1)

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19 $155,229 $159,325 $159,935 $163,190 $161,578 $116,596 $118,558 $119,056 $120,438 $120,925 $38,633 $40,767 $40,879 $42,752 $40,653 Interest-bearing Noninterest-bearing 4Q24 1Q25 2Q25 3Q25 4Q25 Deposits ($ in millions) $154,534 $156,378 $157,664 $160,624 $163,191 $114,565 $117,224 $118,582 $120,575 $121,433 $39,969 $39,154 $39,082 $40,049 $41,758 Interest-bearing Noninterest-bearing Cost of deposits 4Q24 1Q25 2Q25 3Q25 4Q25 $163,190 $487 $(2,099) $161,578 3Q25 Interest- bearing Noninterest- bearing 4Q25 $160,624 $858 $1,709 $163,191 3Q25 Interest- bearing Noninterest- bearing 4Q25 2.32% 2.27% 2.25% 2.09%2.46% Period End Deposits Average Deposits Period End Rollforward Average Rollforward $(1.6) billion & (-1.0%) $2.6 billion & 1.6%

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20 39% 5% 2%24% 2% 27% 1% Branch Network & Other ($63.2) Community Association Banking ($7.7) Wealth & Private Banking ($3.9) SVB Commercial ($38.4) Other ($3.1) Direct Bank ($44.8) Other ($0.4) Segment / Business ($ in billions)Type ($ in billions) 53% 25% 15% 7% Money market & savings ($85.3) Noninterest-bearing demand ($40.7) Checking with interest ($24.4) Time deposits ($11.2) Commercial Bank: (2) General Bank: Corporate: Period End Balances ($ in millions) Increase (decrease) 4Q25 vs 3Q25 4Q25 vs 4Q24 4Q25 3Q25 4Q24 $% $% Branch Network & Other $63,190 $63,112 $61,611 $78 0.5 % $1,579 2.6 % Community Association Banking 7,739 7,787 7,486 (48) (2.4) 253 3.4 Wealth & Private Banking 3,867 3,697 3,859 170 18.2 8 0.2 General Bank Segment 74,796 74,596 72,956 200 1.1 1,840 2.5 SVB Commercial 38,437 39,891 36,524 (1,454) (14.5) 1,913 5.2 Other 3,097 2,980 3,520 117 15.6 (423) (12.0) Commercial Bank Segment (2) 41,534 42,871 40,044 (1,337) (12.4) 1,490 3.7 Direct Bank 44,802 45,146 41,093 (344) (3.0) 3,709 9.0 Other 446 577 1,136 (131) (90.1) (690) (60.7) Corporate 45,248 45,723 42,229 (475) (4.1) 3,019 7.1 Total Deposits $161,578 $163,190 $155,229 $(1,612) (3.9) % $6,349 4.1 % Deposit Composition Note – Totals may not foot due to rounding. (1) Percent change is calculated using unrounded numbers and the linked quarter is annualized. (2) Commercial Bank includes a small amount of Rail deposits (less than $50 million in all periods). (1) (1)

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21 US VC investment (2) Total client funds (Avg)Total client funds (EOP) SVB Commercial Funding Trends ($ in billions) $98.8 $99.4 $101.7 $106.9 $108.1 $62.3 $62.4 $63.9 $67.0 $69.7 $36.5 $37.0 $37.8 $39.9 $38.4 Off-balance sheet client funds Deposits 4Q24 1Q25 2Q25 3Q25 4Q25 $97.3 $99.4 $97.3 $103.1 $107.7 $60.7 $63.8 $61.8 $65.4 $68.5 $36.7 $35.6 $35.5 $37.7 $39.2 Off-balance sheet client funds Deposits 4Q24 1Q25 2Q25 3Q25 4Q25 40 39 49 48 80 87 91 101 81 71 45 39 56 37 36 40 38 51 43 81 92 77 79 92 Deal Value ($B) 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 $1.2 billion or 1.1% $4.6 billion or 4.5% (1) The change in deposits between 4Q24 and 1Q25 includes the impact of the strategic decision to shift $2.4 billion in select cash sweep deposits to off-balance sheet client funds in 1Q25. (2) US VC investment data is sourced using PitchBook Data, Inc. and subject to prior period revisions. (1) (1)

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22 3.39% 3.22% 3.19% 3.16% 3.03% 3.32% 3.09% 3.02% 3.00% 2.81% 2.46% 2.32% 2.27% 2.25% 2.09% Cost of interest-bearing liabilities Cost of interest-bearing deposits Cost of deposits 4Q24 1Q25 2Q25 3Q25 4Q25 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% Cost of funds Period End Balances Increase (decrease) 4Q25 3Q25 2Q25 1Q25 4Q24 4Q25 vs 3Q25 4Q25 vs 4Q24 Total deposits $161,578 81.8 % $163,190 80.8 % $159,935 80.8 % $159,325 80.6 % $155,229 80.7 % $(1,612) $6,349 Securities sold under customer repurchase agreements 224 0.1 423 0.2 471 0.2 450 0.2 367 0.2 (199) (143) Purchase money note 33,385 16.9 35,854 17.8 35,841 18.1 35,829 18.1 35,816 18.6 (2,469) (2,431) FHLB borrowings — — — — — — — — — — — — Subordinated debt 1,772 0.9 1,775 0.9 1,182 0.6 1,536 0.8 795 0.4 (3) 977 Senior unsecured borrowings 555 0.3 555 0.3 555 0.3 555 0.3 58 — — 497 Other borrowings 72 — 68 — 63 — 36 — 15 — 4 57 Total deposits and borrowed funds $197,586 100 % $201,865 100 % $198,047 100 % $197,731 100 % $192,280 100 % $(4,279) $5,306 Funding Mix ($ in millions) Highlights 4Q25 vs 3Q25 • Repaid $2.5 billion of the FDIC Purchase Money Note in December 2025. • Given reduction in total borrowings, funding mix improved slightly to approximately 82% of our funding provided by deposits. • Total cost of deposits and cost of interest-bearing deposits decreased by 16 and 19 basis points, respectively. Note – Funding mix percentages may not foot due to rounding.

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23 $155 $154 $115 $191 $54 Provision for credit losses 4Q24 1Q25 2Q25 3Q25 4Q25 Credit Quality Trends and Allowance ($ in millions) Net charge-offs & NCO ratio Provision for credit losses $160 $144 $119 $234 $143 0.46% 0.41% 0.33% 0.65% 0.39% NCO $ QTD NCO ratio YTD NCO ratio 4Q24 1Q25 2Q25 3Q25 4Q25 Nonaccrual loans / total loans & leases Allowance & ALLL ratio $1,676 $1,680 $1,672 $1,652 $1,566 1.20% 1.19% 1.18% 1.14% 1.06% ALLL ALLL ratio 4Q24 1Q25 2Q25 3Q25 4Q25 0.45%0.39% 0.41% 0.37% 0.47% $1,184 $1,206 $1,319 $1,406 $1,307 0.84% 0.85% 0.93% 0.97% 0.88% Nonaccrual loans Nonaccrual loans to total loans 4Q24 1Q25 2Q25 3Q25 4Q25 (1) 3Q25 includes an $82 million individual client charge-off in the Commercial Services business within the Commercial Bank segment. This loss contributed 23 bps to the 3Q25 NCO ratio and impacted the quarterly provision for credit losses by $82 million. (2) The $82 million individual client charge-off in 3Q25, contributed 6 bps to the 2025 YTD NCO ratio. (1) (1)(2)

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24 $1,652 $(43) $(25) $(21) $(11) $14 $1,566 3Q25 Specific reserves Portfolio changes Economic outlook Credit quality Loan volume 4Q25 Highlights 4Q25 vs 3Q25 • ALLL decreased $86 million from the linked quarter. • The decrease compared to the linked quarter was driven by lower specific reserves, growth in higher credit quality loan portfolios, including Global Fund Banking, and improvements in the macroeconomic outlook. • The ALLL covered annualized net charge-offs 2.7 times. The increase in coverage compared to the linked quarter was driven by an $82 million Commercial Bank segment net charge-off in the linked quarter. The ALLL provided 1.2 times coverage of nonaccrual loans. ALLL Coverage 2.6x 2.9x 3.5x 1.7x 2.7x 1.4x 1.4x 1.3x 1.2x 1.2x ALLL ratio / NCO ratio ALLL / Nonaccrual loans 4Q24 1Q25 2Q25 3Q25 4Q25 3Q25 to 4Q25 Allowance for loan and lease losses ($ in millions)

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25 Reported capital ratios (1) Capital ratio rollforward Adjusted risk-based capital ratios (1) Tangible book value per share (2) Capital Risk-Based Capital (1) Tier 1 Leverage Total Tier 1 CET1 December 31, 2024 15.04 % 13.53 % 12.99 % 9.90 % September 30, 2025 14.05 % 12.15 % 11.65 % 9.34 % Preferred issuance 0.28 % 0.28 % 0.00 % 0.21 % Net income 0.33 % 0.33 % 0.33 % 0.25 % Change in risk-weighted/average assets -0.37 % -0.32 % -0.30 % -0.11 % Share repurchases -0.51 % -0.51 % -0.51 % -0.39 % Common dividends -0.01 % -0.01 % -0.01 % -0.01 % Preferred dividends -0.01 % -0.01 % -0.01 % -0.01 % Other -0.05 % 0.00 % 0.00 % 0.01 % December 31, 2025 13.71 % 11.91 % 11.15 % 9.29 % Change since September 30, 2025 -0.34 % -0.24 % -0.50 % -0.05 % 12.99% 12.81% 12.12% 11.65% 11.15% 13.53% 13.35% 12.63% 12.15% 11.91% 15.04% 15.23% 14.25% 14.05% 13.71% 4Q24 1Q25 2Q25 3Q25 4Q25 $1,512.77 $181.03 $43.47 ($55.21) ($7.95) $1,674.11 4Q24 Retained earnings AOCI Share repurchases Common dividends 4Q25 Note – The above capital ratios represent BancShares ratios and are preliminary pending completion of quarterly regulatory filings. (1) The SLA was terminated in early 2Q25 and therefore does not benefit risk-based capital ratios for subsequent period ends. Reported risk-based capital ratios prior to 2Q25 include the benefit of the SLA while the adjusted capital ratios prior to 2Q25 exclude the SLA benefit. (2) Non-GAAP measure: see Section V entitled Non-GAAP Reconciliations. 9.90% 9.75% 9.62% 9.34% 9.29% Tier 1 Lev 12.33% 12.19% 12.12% 11.65% 11.15% 12.84% 12.70% 12.63% 12.15% 11.91% 14.27% 14.49% 14.25% 14.05% 13.71% CET1 Tier 1 Total 4Q24 1Q25 2Q25 3Q25 4Q25 CET1 (1) Tier 1 Total

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26 Share Repurchase Plan Update • Since announcing a share repurchase plan in July 2024, we have repurchased 18.30% of Class A common shares and 17.03% of total common shares that were outstanding (1) as of June 30, 2024. • During the third quarter of 2025 we fully utilized the $3.5 billion share repurchase plan announced in July 2024 and subsequently began repurchasing shares under the $4.0 billion share repurchase plan announced in July 2025. • As of December 31, 2025 we had used 30% of the $4.0 billion share repurchase plan announced in July 2025 and had $2.8 billion of remaining repurchase capacity from that plan. Highlights Class A Common Shares Outstanding Repurchase Summary (through 1/20/26) Period Shares Average Price Total Cost ($ in millions) 2024 814,641 $2,041.35 $1,662.97 1Q25 302,683 2,025.31 613.03 2Q25 338,959 1,808.46 612.99 3Q25 457,350 1,967.87 900.01 4Q25 479,470 1,877.07 900.00 01/01/26 to 01/20/26 81,485 2,170.53 176.87 Total 2,474,588 $1,966.33 $4,865.86 13,524,550 (814,641) (1,578,462) (81,485) 11,049,962 6/30/2024 Repurchased 2024 Repurchased 2025 Repurchased 2026 YTD 1/20/2026 (1) Total common shares outstanding includes 1,005,185 of Class B common shares outstanding as of June 30, 2024 and January 20, 2026.

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Financial Outlook Section III

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28 Metric 4Q25 1Q26 - Projected FY26 - Projected Loans and leases - EOP $147.9 billion $148 billion - $151 billion $153 billion - $157 billion Deposits - EOP $161.6 billion $164 billion - $167 billion $181 billion - $186 billion Interest rates Zero to one 25 bps cut in 1Q26 Zero to four 25 bps cuts in 2026; Fed funds ending between 2.50% - 3.75% Net interest income $1.7 billion $1.6 billion - $1.7 billion $6.5 billion - $6.9 billion Net charge-off ratio (annualized where applicable) 39 bps 35 bps - 45 bps 35 bps - 45 bps Adjusted noninterest income $529 million (1) $500 million - $530 million $2.1 billion - $2.2 billion Adjusted noninterest expense $1.37 billion (1) $1.34 billion - $1.38 billion $5.37 billion - $5.46 billion Effective tax rate 28.4% 24.5% - 25.5% 24.5% - 25.5% Key Earnings Estimate Assumptions (1) Non-GAAP measure: see Section V entitled Non-GAAP Reconciliations. Note - Management does not provide a reconciliation for forward-looking non-GAAP financial measures where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the occurrence and the financial impact of various items that have not yet occurred, are out of BancShares' control, or cannot be reasonably predicted. For the same reasons, management is unable to address the probable significance of the unavailable information. Forward-looking non-GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures. Changes in the operating environment could introduce select risks to these assumptions. Please see important notices on forward looking statements found on page 3 for additional detail on inherent risks, uncertainties, changes in circumstances and other factors that are difficult to predict.

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Appendix Section IV

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30 Reclassifications In certain instances, amounts reported for prior periods in this investor presentation have been reclassified to conform to the current financial statement presentation. Such reclassifications had no effect on previously reported stockholders' equity or net income. Segment Reclassifications BancShares modified its segment reporting during the first quarter of 2025 as we transferred certain components from the SVB Commercial and General Bank segments to the Commercial Bank segment and modified our segment expense allocation methodology. The segment reporting updates did not result in the addition or removal of any of our existing segments at December 31, 2024, and the global fund banking and investor dependent loan portfolios, as well as a substantial portion of the innovation commercial and industrial ("innovation C&I") and cash flow dependent loan portfolios, remained in the SVB Commercial segment. Segment disclosures for 2024 periods included in this presentation were recast to conform with the above described segment reporting changes. During the fourth quarter of 2025, BancShares changed the composition of the Commercial Bank segment to include SVB Commercial, which was previously a separate segment, and prior period segment financial information was recast accordingly. The methodologies that we use to allocate items among our segments are dynamic and may be updated periodically to reflect enhanced expense base allocation drivers, changes in the risk profile of a segment or changes in our organizational structure. Accordingly, financial results may be revised periodically to reflect these enhancements. Class Reclassifications During the second quarter of 2025, the loan classes which were reported in the SVB portfolio in the 2024 Form 10-K, were recast to the Commercial portfolio (the "2025 Loan Class Changes") as summarized below. • Global fund banking remained a separate loan class, but is reported as a component of the Commercial portfolio. • Investor dependent–early stage and investor dependent–growth stage were combined into a single investor dependent loan class, which is reported as a component of the Commercial portfolio. • Cash flow dependent and innovation C&I was combined with the commercial and industrial loan class, which is reported as a component of the Commercial portfolio. Loan and leases for all periods presented in this presentation were recast to reflect the 2025 Loan Class Changes. The segment information in this presentation was not recast as a result of the 2025 Loan Class Changes because the composition of reportable segments is separate and distinct from the identification of loan classes. During the fourth quarter of 2025, we updated our loan classes as summarized below ("4Q25 Loan Class Changes"): • Commercial real estate is a separate loan class. Prior to the 4Q25 Loan Class Changes, commercial real estate loans were primarily included in the non-owner occupied commercial mortgage and commercial construction loan classes. Additionally, commercial and industrial loans for the purpose of acquiring, constructing or developing real estate were previously included in the commercial and industrial loan class, and residential construction loans were previously included in the residential mortgage loan class. • Capital call lines is a separate loan class. Prior to the 4Q25 Loan Class Changes, global fund banking (which included capital call lines and certain other commercial and industrial loans in the Global Fund Banking line of business) was a separate loan class. • Commercial and industrial remained a separate loan class, but the composition was updated to: (i) include certain other commercial and industrial loans that were previously included in the global fund banking loan class prior to the 4Q25 Loan Class Changes, (ii) include leases, which was previously a separate loan class, and (iii) exclude commercial real estate loans that were previously included in the commercial and industrial loan class. • Residential mortgage loans remained a separate loan class, but the composition was updated to exclude residential construction loans which are included in the commercial real estate loan class after the 4Q25 Loan Class Changes. During the second quarter of 2025, the loan classes which were reported in the SVB portfolio in the 2024 Form 10-K, were recast to the Commercial portfolio (the "2Q25 Loan Class Changes"). Loan and lease disclosures for all periods presented in this Investor Presentation were recast to reflect the 2Q25 Loan Class Changes and 4Q25 Loan Class Changes. Reclassifications

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31 Glossary of Abbreviations and Acronyms The following is a list of certain abbreviations and acronyms used throughout this document. AFS – Available for Sale ALLL – Allowance for Loan and Lease Losses AOCI – Accumulated Other Comprehensive Income bps – Basis point(s); 1 bp = 0.01% C&I – Commercial and Industrial CET1 – Common Equity Tier 1 EOP – End of Period EPS – Earnings Per Share FDIC – Federal Deposit Insurance Corporation FFS – Fed Funds Sold FHLB – Federal Home Loan Bank FY – Full Year GAAP – United States Generally Accepted Accounting Principles HQLS – High-Quality Liquid Securities HTM – Held to Maturity IBD – Interest-Bearing Deposits NCO – Net Charge-Off NII – Net Interest Income NIM – Net Interest Margin NM – Not Meaningful OBS – Off-balance sheet PAA – Purchase Accounting Accretion or Amortization PPNR – Pre-Provision Net Revenue ROA – Return on Average Assets ROE – Return on Average Common Stockholders' Equity ROTCE – Return on Average Tangible Common Stockholders' Equity SLA – Shared Loss Agreement with the FDIC VC – Venture Capital YTD – Year-to-date

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32 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 ASSETS Cash and due from banks $801 $874 $889 $812 $814 Interest-earning deposits at banks 19,801 24,798 26,184 24,692 21,364 Securities purchased under agreements to resell 232 83 300 345 158 Investment in marketable equity securities 127 110 97 95 101 Investment securities available for sale 31,790 34,963 33,060 33,900 33,750 Investment securities held to maturity 9,647 10,051 10,189 10,324 10,239 Assets held for sale 804 112 125 185 85 Loans and leases 147,930 144,758 141,269 141,358 140,221 Allowance for loan and lease losses (1,566) (1,652) (1,672) (1,680) (1,676) Loans and leases, net of allowance for loan and lease losses 146,364 143,106 139,597 139,678 138,545 Operating lease equipment, net 9,621 9,446 9,466 9,371 9,323 Premises and equipment, net 2,447 2,283 2,115 2,044 2,006 Goodwill 346 346 346 346 346 Other intangible assets, net 195 208 221 234 249 Other assets 7,523 7,108 7,064 6,796 6,740 Total assets $229,698 $233,488 $229,653 $228,822 $223,720 LIABILITIES Deposits: Noninterest-bearing $40,653 $42,752 $40,879 $40,767 $38,633 Interest-bearing 120,925 120,438 119,056 118,558 116,596 Total deposits 161,578 163,190 159,935 159,325 155,229 Credit balances of factoring clients 1,148 1,326 1,077 1,145 1,016 Short-term borrowings 224 423 471 450 367 Long-term borrowings 35,784 38,252 37,641 37,956 36,684 Total borrowings 36,008 38,675 38,112 38,406 37,051 Other liabilities 8,726 8,311 8,233 7,651 8,196 Total liabilities 207,460 211,502 207,357 206,527 201,492 STOCKHOLDERS' EQUITY Preferred stock 1,375 881 881 881 881 Common stock 12 13 13 13 14 Additional paid in capital — 270 1,179 1,798 2,417 Retained earnings 20,768 20,866 20,337 19,802 19,361 Accumulated other comprehensive loss 83 (44) (114) (199) (445) Total stockholders' equity 22,238 21,986 22,296 22,295 22,228 Total liabilities and stockholders' equity $229,698 $233,488 $229,653 $228,822 $223,720 BancShares Balance Sheets (unaudited) ($ in millions)

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33 4Q25 3Q25 2Q25 1Q25 4Q24 INTEREST INCOME Interest and fees on loans $2,290 $2,300 $2,270 $2,236 $2,322 Interest on investment securities 424 433 419 414 377 Interest on deposits at banks 226 265 256 245 302 Total interest income 2,940 2,998 2,945 2,895 3,001 INTEREST EXPENSE Deposits 861 911 894 893 957 Borrowings 357 353 356 339 335 Total interest expense 1,218 1,264 1,250 1,232 1,292 Net interest income 1,722 1,734 1,695 1,663 1,709 Provision for credit losses 54 191 115 154 155 Net interest income after provision for credit losses 1,668 1,543 1,580 1,509 1,554 NONINTEREST INCOME Rental income on operating lease equipment 281 273 272 270 272 Lending-related fees 64 67 69 66 68 Deposit fees and service charges 63 61 59 58 58 Client investment fees 54 58 52 53 54 Wealth management services 61 57 55 56 54 International fees 37 34 33 32 33 Factoring commissions 20 18 18 17 20 Cardholder services, net 37 39 41 41 41 Merchant services, net 13 12 13 14 13 Insurance commissions 12 13 14 14 13 Realized gain on sale of investment securities, net 3 — — — 2 Fair value adjustment on marketable equity securities, net 12 13 2 (5) 10 Gain on sale of leasing equipment, net 14 3 8 5 11 Loss on extinguishment of debt (9) — — — — Other noninterest income 53 51 42 14 50 Total noninterest income 715 699 678 635 699 NONINTEREST EXPENSE Depreciation on operating lease equipment 102 98 100 98 101 Maintenance and other operating lease expenses 64 67 55 58 55 Personnel cost 849 817 810 818 801 Net occupancy expense 61 58 61 58 60 Equipment expense 151 137 131 136 136 Professional fees 34 26 30 25 30 Third-party processing fees 75 67 63 63 57 FDIC insurance expense 27 38 38 38 33 Marketing expense 45 33 32 32 24 Acquisition-related expenses 33 28 38 42 62 Intangible asset amortization 13 13 13 15 16 Other noninterest expense 118 109 129 110 142 Total noninterest expense 1,572 1,491 1,500 1,493 1,517 Income before income taxes 811 751 758 651 736 Income tax expense 231 183 183 168 36 Net income $580 $568 $575 $483 $700 Preferred stock dividends $14 $14 $14 $15 $15 Net income available to common stockholders $566 $554 $561 $468 $685 BancShares Income Statements (unaudited) ($ in millions)

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34 Average Deposit Account Size and Insured by Segment ($ in billions, except average account size, period end balances) Total deposits Average size Insured % General Bank $74.8 $37,103 63 % Corporate 45.2 57,918 88 Commercial Bank 41.5 547,487 31 Total $161.6 $56,240 62 % Note – Commercial Bank includes a small amount of Rail deposits.Totals may not foot due to rounding.

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35 (1) 4Q25 (1) Carrying value (2) % of Portfolio Yield (3) Duration in years AFS Portfolio U.S. Treasury $10,673 26 % 4.20 % 1.1 Government agency 43 — 1.98 0.3 Residential mortgage-backed securities 17,623 43 4.24 3.1 Commercial mortgage-backed securities 3,299 8 4.07 2.1 Corporate bonds 140 — 7.89 0.9 Municipal bonds 12 — 5.71 16.6 Total AFS portfolio $31,790 77 % 4.23 % 2.3 HTM portfolio U.S. Treasury $388 1 % 1.42 % 1.8 Government agency 1,225 3 1.58 2.3 Residential mortgage-backed securities 4,450 10 2.65 5.4 Commercial mortgage-backed securities 3,337 8 2.26 3.2 Other investments 247 1 1.62 3.9 Total HTM portfolio $9,647 23 % 2.30 % 4.1 Grand total $41,437 100 % 3.80 % 2.7 Debt Securities Overview ($ in millions, period end balances) (1) Includes the debt securities portfolio; excludes marketable equity securities. (2) Carrying value represents fair value for AFS and amortized cost for HTM portfolios. (3) Yield represents actual accounting yield recognized during the quarter.

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36 General Bank Segment ($ in millions) (1) Non-GAAP measure: see Section V entitled Non-GAAP Reconciliations. (2) Percent changes are calculated using unrounded numbers and the linked quarter is annualized. Increase (decrease) 4Q25 vs 3Q25 4Q25 vs 4Q24 Earnings Summary 4Q25 3Q25 2Q25 1Q25 4Q24 $% $% Net interest income $841 $846 $824 $788 $777 $(5) (0.5) % $64 8.3 % Total noninterest income 170 166 164 164 166 4 3.1 4 2.7 Total revenue 1,011 1,012 988 952 943 (1) (0.1) 68 7.3 Total noninterest expense 604 582 580 565 543 22 4.0 61 11.3 Pre-provision net revenue (1) 407 430 408 387 400 (23) (5.2) 7 1.9 Provision for credit losses 17 1 13 46 22 16 NM (5) (24.1) Income before income taxes 390 429 395 341 378 (39) (8.8) 12 3.4 Income tax expense 82 109 101 88 92 (27) (24.4) (10) (10.2) Net income $308 $320 $294 $253 $286 $(12) (3.5) % $22 7.8 % Period end Balances (2) Loans and leases $64,958 $65,225 $64,987 $64,847 $64,887 $(267) (1.6) % $71 0.1 % Deposits 74,796 74,596 73,499 74,309 72,956 200 1.1 1,840 2.5 Other Key Metrics Number of branches 521 520 526 536 539 1 0.2 % (18) (3.3) % Wealth management assets under management ($B) $61.2 $59.9 $57.1 $54.5 $55.5 $1.3 2.2 $5.7 10.3 Card volume 4,713 4,621 4,629 4,339 4,561 92 2.0 152 3.3 Merchant volume 1,799 1,827 1,882 1,761 1,759 (28) (1.5) 40 2.3

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37 Increase (decrease) 4Q25 vs 3Q25 4Q25 vs 4Q24 Earnings Summary 4Q25 3Q25 2Q25 1Q25 4Q24 $% $% Net interest income $834 $796 $789 $786 $851 $38 4.8 % $(17) (2.0) % Rental income on operating lease equipment 55 54 54 56 55 1 0.9 — — Less: depreciation on operating lease equipment 44 43 44 44 44 1 1.0 — — Adjusted rental income on operating lease equipment (1) 11 11 10 12 11 — — — — All other noninterest income 241 236 228 201 238 5 2.4 3 1.8 Noninterest income, net (1) 252 247 238 213 249 5 2.0 3 1.2 Revenue 1,086 1,043 1,027 999 1,100 43 4.1 (14) (1.3) Noninterest expense, net (1) 612 596 605 610 618 16 2.7 (6) (1.0) Pre-provision net revenue (1) 474 447 422 389 482 27 5.8 (8) (1.8) Provision for credit losses 37 190 102 108 133 (153) (80.4) (96) (72.1) Income before income taxes 437 257 320 281 349 180 69.1 88 24.9 Income tax expense 102 64 82 72 80 38 54.8 22 26.0 Net income $335 $193 $238 $209 $269 $142 73.9 % $66 24.6 % Period end Balances (2) Loans and leases $82,910 $79,470 $76,220 $76,449 $75,272 $3,440 17.2 % $7,638 10.2 % Operating lease equipment, net 739 737 750 731 750 2 1.5 (11) (1.4) Deposits 41,532 42,869 40,697 40,014 40,026 (1,337) (12.4) 1,506 3.8 Off-balance sheet client funds 69,681 67,035 63,879 62,380 62,317 2,646 15.7 7,364 11.8 Other Key Metrics Factoring volume $6,547 $6,315 $5,481 $5,404 $6,124 $232 3.7 % $423 6.9 % Commercial Bank Segment ($ in millions) Note – Commercial segment results do not include the accretion impact of SVB loans or the impact of overnight investments and debt that was added at the acquisition date (the aforementioned items are contained within Corporate). During 4Q25, the Commercial Bank segment was updated to include SVB Commercial, which was previously a separate segment, and prior period segment financial information was recast accordingly. (1) Non-GAAP measure: see Section V entitled Non-GAAP Reconciliations. (2) Percent changes are calculated using unrounded numbers and the linked quarter is annualized.

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38 Increase (decrease) 4Q25 vs 3Q25 4Q25 vs 4Q24 Earnings Summary 4Q25 3Q25 2Q25 1Q25 4Q24 $% $% Net interest expense $53 $55 $53 $52 $50 $(2) (3.6) % $3 5.1 % Rental income on operating lease equipment 226 219 218 214 217 7 2.9 9 4.0 Less: depreciation on operating lease equipment 58 55 56 54 57 3 3.8 1 1.5 Less: maintenance and other operating lease expenses 64 67 55 58 55 (3) (4.0) 9 17.0 Adjusted rental income on operating lease equipment (1) 104 97 107 102 105 7 7.2 (1) (1.0) All other noninterest income 9 2 3 2 6 7 706.1 3 46.0 Noninterest income, net (1) 113 99 110 104 111 14 14.1 2 1.8 Revenue 60 44 57 52 61 16 36.4 (1) (1.6) Noninterest expense, net (1) 22 22 32 22 21 — — 1 4.8 Pre-provision net revenue (1) 38 22 25 30 40 16 72.4 (2) (6.7) Provision for credit losses — — — — — — — — — Income before income taxes 38 22 25 30 40 16 73.0 (2) (6.7) Income tax expense 9 5 6 8 9 4 54.1 — — Net income $29 $17 $19 $22 $31 $12 79.4 % $(2) (5.1) % Period end Balances (2) Operating lease equipment, net $8,882 $8,709 $8,716 $8,640 $8,573 $173 7.8 % $309 3.6 % Other Key Metrics Railcars and locomotives (3) 128,400 127,600 127,300 126,600 126,000 800 0.6 % 2,400 1.9 % Utilization 96.2 % 96.8 % 96.9 % 97.0 % 97.6 % NM (0.6) NM (1.4) Renewal rate to previous rate 117 118 132 126 128 NM (1.0) NM (11.0) Rail Segment ($ in millions) (1) Non-GAAP measure: see Section V entitled Non-GAAP Reconciliations. (2) Percent changes are calculated using unrounded numbers and the linked quarter is annualized. (3) Railcars and locomotives number is rounded.

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39 Corporate ($ in millions) (1) Non-GAAP measure: see Section V entitled Non-GAAP Reconciliations. (2) Percent changes are calculated using unrounded numbers and the linked quarter is annualized. Increase (decrease) 4Q25 vs 3Q25 4Q25 vs 4Q24 Earnings Summary 4Q25 3Q25 2Q25 1Q25 4Q24 $% $% Net interest income $100 $147 $135 $141 $131 $(47) (32.1) % $(31) (23.7) % Total noninterest income 14 22 11 (2) 17 (8) (40.4) (3) (22.1) Total revenue 114 169 146 139 148 (55) (33.2) (34) (23.5) Total noninterest expense 168 126 128 140 179 42 32.2 (11) (6.8) Pre-provision net revenue (1) (54) 43 18 (1) (31) (97) (227.8) (23) (71.3) Provision for credit losses — — — — — — — — — Income (loss) before income taxes (54) 43 18 (1) (31) (97) (226.9) (23) (71.8) Income tax (benefit) expense 38 5 (6) — (145) 33 750.0 183 127.0 Net income (loss) $(92) $38 $24 $(1) $114 $(130) (344.0) % $(206) (182.8) % Period end Balance Sheet (2) Investment securities $41,564 $45,124 $43,346 $44,319 $44,090 $(3,560) (31.3) % $(2,526) (5.7) % Direct Bank Deposits 44,802 45,146 45,111 44,170 41,093 (344) (3.0) 3,709 9.0

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40 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 Loans and leases (including off-balance sheet exposure) (1) Beginning balance - unamortized fair value mark $(1,411) $(1,483) $(1,561) $(1,644) $(1,746) Other 1 1 3 — 12 Accretion 59 71 75 83 90 Ending balance $(1,351) $(1,411) $(1,483) $(1,561) $(1,644) Core deposits and other intangibles Beginning balance $208 $221 $234 $249 $264 Amortization (13) (13) (13) (15) (15) Ending balance $195 $208 $221 $234 $249 Deposits (2) Beginning balance - unamortized fair value mark $— $— $— $(1) $(2) Amortization — — — 1 1 Ending balance $— $— $— $— $(1) Borrowings (2) Beginning balance - unamortized fair value mark $97 $107 $116 $126 $135 Amortization (10) (10) (9) (10) (9) Loss on extinguishment of debt (9) — — — — Ending balance $78 $97 $107 $116 $126 Purchase accounting marks ($ in millions) Note – The summary only includes select information and is not intended to represent all purchase accounting adjustments. (1) Purchase accounting marks on loans and leases is comprised of credit, interest and liquidity components, and are generally recognized using the level-yield or straight-line method over the remaining life of the receivable or in full in the event of prepayment. (2) Purchase accounting marks on deposits and borrowings represent interest rate marks and are recognized using the level-yield method over the remaining term of the liability.

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Non-GAAP Reconciliations Section V

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42 Notable Items (1) ($ in millions, except per share data) 4Q25 3Q25 2Q25 1Q25 4Q24 Rental income on operating lease equipment (2) (7) $(166) $(165) $(155) $(156) $(152) Realized gain on sale of investment securities, net (3) — — — (2) Fair value adjustment on marketable equity securities, net (12) (13) (2) 5 (10) Gain on sale of leasing equipment, net (14) (3) (8) (5) (11) Loss on extinguishment of debt 9 — — — — Other noninterest income (3) — — — — (8) Impact of notable items on adjusted noninterest income $(186) $(181) $(165) $(156) $(183) Depreciation on operating lease equipment (2) (7) $(102) $(98) $(100) $(98) $(101) Maintenance and other operating lease expenses (2) (64) (67) (55) (58) (55) Personnel cost (4) — (6) — — — FDIC insurance special assessment 12 — — — — Acquisition-related expenses (33) (28) (38) (42) (62) Intangible asset amortization (13) (13) (13) (15) (16) Other noninterest expense (5) (4) — (15) (3) (15) Impact of notable items on adjusted noninterest expense $(204) $(212) $(221) $(216) $(249) Impact of notable items on adjusted pre-tax income $18 $31 $56 $60 $66 Income tax impact (6) (50) 12 24 15 123 Impact of notable items on adjusted net income $68 $19 $32 $45 $(57) Impact of notable items on adjusted diluted EPS $5.46 $1.54 $2.42 $3.32 $(4.11) (1) Notable items include income and expense for infrequent transactions and certain recurring items (typically noncash) that management believes should be excluded from adjusted measures (non- GAAP) to enhance understanding of operations and comparability to historical periods. Management utilizes both GAAP and adjusted measures (non-GAAP) to analyze BancShares' performance. Refer to subsequent pages of this presentation for a reconciliation of non-GAAP measures to the most directly comparable GAAP measures. (2) Depreciation and maintenance and other operating lease expenses are deducted from rental income on operating lease equipment to calculate adjusted rental income on operating lease equipment (non-GAAP). There is no net impact to earnings for this non-GAAP item because adjusted noninterest income and expense are reduced by the same amount. Management believes adjusted rental income on operating lease equipment (non-GAAP) is meaningful because it helps management monitor the performance and profitability of the operating leases after deducting direct expenses. Refer to subsequent pages of this presentation for a reconciliation of non-GAAP measures to the most directly comparable GAAP measures. (3) Other noninterest income includes a gain on sale of portfolio residential mortgages in 4Q24. (4) Personnel cost includes impairment of internal use software under development in 3Q25. (5) Other noninterest expense includes a technology fee in 4Q25, an accrual resulting from a vendor dispute and an increase in litigation reserve in 2Q25, and an impairment of capitalized software and related projects in 1Q25 and 4Q24. (6) For the periods presented, the income tax impact may include tax discrete items and changes in the estimated annualized effective tax rate. 4Q24 includes the impact of a change in our estimated state income tax rates after filing our first income tax returns that included the acquisition of certain assets and liabilities of Silicon Valley Bridge Bank, N.A. ("SVBB Acquisition"). (7) Depreciation on operating lease equipment includes impairment of $4 million in 4Q24. The $4 million impairment is a notable item and is excluded from adjusted rental income on operating lease equipment (non-GAAP).

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43 Non-GAAP Reconciliations 4Q25 3Q25 2Q25 1Q25 4Q24 Net income and EPS Net income (GAAP) a $580 568 575 483 700 Preferred stock dividends 14 14 14 15 15 Net income available to common stockholders (GAAP) b 566 554 561 468 685 Total notable items, after income tax c 68 19 32 45 (57) Adjusted net income (non-GAAP) d = (a+c) 648 587 607 528 643 Adjusted net income available to common stockholders (non-GAAP) e = (b+c) $634 573 593 513 628 Weighted average common shares outstanding Basic f 12,363,028 12,849,339 13,237,226 13,575,231 13,927,887 Diluted g 12,363,028 12,849,339 13,237,226 13,575,231 13,927,887 EPS (GAAP) Basic b/f $45.81 43.08 42.36 34.47 49.21 Diluted b/g 45.81 43.08 42.36 34.47 49.21 Adjusted EPS (non-GAAP) Basic e/f $51.27 44.62 44.78 37.79 45.10 Diluted e/g 51.27 44.62 44.78 37.79 45.10 Noninterest income and expense Noninterest income (GAAP) h $715 699 678 635 699 Impact of notable items, before income tax (186) (181) (165) (156) (183) Adjusted noninterest income (non-GAAP) i $529 518 513 479 516 Noninterest expense (GAAP) j $1,572 1,491 1,500 1,493 1,517 Impact of notable items, before income tax (204) (212) (221) (216) (249) Adjusted noninterest expense (non-GAAP) k $1,368 1,279 1,279 1,277 1,268 Note: Certain items above do not precisely recalculate as presented due to rounding. Non-GAAP Reconciliations ($ in millions, except share and per share data)

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44 Non-GAAP Reconciliations ($ in millions) Non-GAAP Reconciliations 4Q25 3Q25 4Q24 PPNR Net income (GAAP) a $580 568 700 Plus: provision for credit losses 54 191 155 Plus: income tax expense 231 183 36 PPNR (non-GAAP) l $865 942 891 Impact of notable items 18 31 66 Adjusted PPNR (non-GAAP) m $883 973 957 ROA Net income (GAAP) a $580 568 700 Annualized net income n = a annualized 2,303 2,254 2,786 Adjusted net income (non-GAAP) d 648 587 643 Annualized adjusted net income p = d annualized 2,571 2,332 2,558 Average assets o 233,432 230,529 223,706 ROA n/o 0.99 % 0.98 % 1.25 % Adjusted ROA (non-GAAP) p/o 1.10 1.01 1.14 PPNR ROA PPNR (non-GAAP) l $865 942 891 Annualized PPNR q = l annualized 3,430 3,738 3,545 Adjusted PPNR (non-GAAP) m 883 973 957 Annualized adjusted PPNR r = m annualized 3,504 3,860 3,809 PPNR ROA (non-GAAP) q/o 1.47 % 1.62 % 1.58 % Adjusted PPNR ROA (non-GAAP) r/o 1.50 1.67 1.70 Note: Certain items above do not precisely recalculate as presented due to rounding.

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45 Non-GAAP Reconciliations ($ in millions) Non-GAAP Reconciliations 4Q25 3Q25 4Q24 ROE and ROTCE Annualized net income available to common stockholders s = b annualized $2,247 2,196 2,727 Annualized adjusted net income available to common stockholders t = e annualized $2,515 2,275 2,499 Average stockholders' equity (GAAP) $22,197 22,291 22,598 Less: average preferred stock 1,117 881 881 Average common stockholders' equity u $21,080 21,410 21,717 Less: average goodwill 346 346 346 Less: average other intangible assets 204 216 259 Average tangible common equity (non-GAAP) v $20,530 20,848 21,112 ROE s/u 10.66 % 10.26 % 12.56 % Adjusted ROE (non-GAAP) t/u 11.93 10.62 11.51 ROTCE (non-GAAP) s/v 10.94 10.53 12.92 Adjusted ROTCE (non-GAAP) t/v 12.25 10.91 11.84 Tangible common equity to tangible assets Stockholders' equity (GAAP) w $22,238 21,986 22,228 Less: preferred stock 1,375 881 881 Common equity x $20,863 21,105 21,347 Less: goodwill 346 346 346 Less: other intangible assets 195 208 249 Tangible common equity (non-GAAP) y $20,322 20,551 20,752 Total assets (GAAP) z $229,698 233,488 223,720 Tangible assets (non-GAAP) aa 229,157 232,934 223,125 Total equity to total assets (GAAP) w/z 9.68 % 9.42 % 9.94 % Tangible common equity to tangible assets (non-GAAP) y/aa 8.87 8.82 9.30 Note: Certain items above do not precisely recalculate as presented due to rounding.

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46 Non-GAAP Reconciliations ($ in millions, except share and per share data) Non-GAAP Reconciliations 4Q25 3Q25 2Q25 1Q25 4Q24 Book value and tangible book value per common share Common shares outstanding at period end bb 12,139,159 12,618,629 13,075,979 13,414,938 13,717,621 Book value per share x/bb $1,718.71 1,672.54 1,637.72 1,596.30 1,556.16 Tangible book value per common share (non-GAAP) y/bb 1,674.11 1,628.64 1,594.38 1,553.06 1,512.77 Efficiency ratio Net interest income cc $1,722 1,734 1,695 1,663 1,709 Efficiency ratio (GAAP) j / (h + cc) 64.53 % 61.27 % 63.22 % 64.97 % 63.01 % Adjusted efficiency ratio (non-GAAP) k / (i + cc) 60.79 56.78 57.92 59.62 56.98 Rental income on operating lease equipment Rental income on operating lease equipment (GAAP) $281 273 272 270 272 Less: depreciation on operating lease equipment 102 98 100 98 101 Less: maintenance and other operating lease expenses 64 67 55 58 55 Plus: accelerated depreciation on impaired operating lease equipment — — — — 4 Adjusted rental income on operating lease equipment (non-GAAP) $115 108 117 114 120 Rental income on operating lease equipment: Commercial Bank Segment Rental income on operating lease equipment (GAAP) $55 54 54 56 55 Less: depreciation on operating lease equipment 44 43 44 44 44 Less: maintenance and other operating lease expenses — — — — — Adjusted rental income on operating lease equipment (non-GAAP) $11 11 10 12 11 Rental income on operating lease equipment: Rail Segment Rental income on operating lease equipment (GAAP) $226 219 218 214 217 Less: depreciation on operating lease equipment 58 55 56 54 57 Less: maintenance and other operating lease expenses 64 67 55 58 55 Adjusted rental income on operating lease equipment (non-GAAP) $104 97 107 102 105 Note: Certain items above do not precisely recalculate as presented due to rounding.

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47 Non-GAAP Reconciliations ($ in millions, except share and per share data) Non-GAAP Reconciliations 4Q25 3Q25 2Q25 1Q25 4Q24 Noninterest Income and Noninterest Expense: Commercial Bank Segment Noninterest income (GAAP) $296 290 282 257 293 Less: depreciation on operating lease equipment 44 43 44 44 44 Noninterest income, net (non-GAAP) $252 247 238 213 249 Noninterest expense (GAAP) $656 639 649 654 662 Less: depreciation on operating lease equipment 44 43 44 44 44 Noninterest expense, net (non-GAAP) $612 596 605 610 618 Noninterest Income and Noninterest Expense: Rail Segment Noninterest income (GAAP) $235 221 221 216 223 Less: depreciation on operating lease equipment 58 55 56 54 57 Less: maintenance and other operating lease expenses 64 67 55 58 55 Noninterest income, net (non-GAAP) $113 99 110 104 111 Noninterest expense (GAAP) $144 144 143 134 133 Less: depreciation on operating lease equipment 58 55 56 54 57 Less: maintenance and other operating lease expenses 64 67 55 58 55 Noninterest expense, net (non-GAAP) $22 22 32 22 21 Note: Certain items above do not precisely recalculate as presented due to rounding.

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48 Non-GAAP Reconciliations ($ in millions) Non-GAAP Reconciliations 4Q25 3Q25 2Q25 1Q25 4Q24 PPNR: General Bank Segment Segment net income (GAAP) $308 320 294 253 286 Plus: provision for credit losses 17 1 13 46 22 Plus: income tax expense 82 109 101 88 92 PPNR (non-GAAP) $407 430 408 387 400 PPNR: Commercial Bank Segment Segment net income (GAAP) $335 193 238 209 269 Plus: provision for credit losses 37 190 102 108 133 Plus: income tax expense 102 64 82 72 80 PPNR (non-GAAP) $474 447 422 389 482 PPNR: Rail Segment Segment net income (GAAP) $29 17 19 22 31 Plus: income tax expense 9 5 6 8 9 PPNR (non-GAAP) $38 22 25 30 40 PPNR: Corporate Net income (GAAP) $(92) 38 24 (1) 114 Plus: income tax expense (benefit) 38 5 (6) — (145) PPNR (non-GAAP) $(54) 43 18 (1) (31)

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49 Non-GAAP Reconciliations ($ in millions) Non-GAAP Reconciliations 4Q25 3Q25 2Q25 1Q25 4Q24 Total Risk Based Capital Ratio Total risk based capital ratio (GAAP) 13.71 % 14.05 % 14.25 % 15.23 % 15.04 % Less: impact of FDIC Shared-Loss Agreement — — — 0.74 0.77 Adjusted total risk based capital ratio (non-GAAP) 13.71 % 14.05 % 14.25 % 14.49 % 14.27 % CET1 Capital Ratio CET1 capital ratio (GAAP) 11.15 % 11.65 % 12.12 % 12.81 % 12.99 % Less: impact of FDIC Shared-Loss Agreement — — — 0.62 0.66 Adjusted CET1 capital ratio (non-GAAP) 11.15 % 11.65 % 12.12 % 12.19 % 12.33 % Tier 1 Capital Ratio Tier 1 capital ratio (GAAP) 11.91 % 12.15 % 12.63 % 13.35 % 13.53 % Less: impact of FDIC Shared-Loss Agreement — — — 0.65 0.69 Adjusted Tier 1 capital ratio (non-GAAP) 11.91 % 12.15 % 12.63 % 12.70 % 12.84 % Net interest income & Net interest margin Net interest income (GAAP) cc $1,722 1,734 1,695 1,663 1,709 Loan PAA dd 59 71 75 84 90 Other PAA ee (10) (10) (9) (9) (8) PAA ff = (dd + ee) $49 61 66 75 82 Net interest income, excluding PAA (non-GAAP) gg = (cc - ff) $1,673 1,673 1,629 1,588 1,627 Annualized net interest income hh = cc annualized $6,834 6,878 6,800 6,744 6,798 Annualized net interest income, excluding PAA ii = gg annualized 6,640 6,637 6,533 6,439 6,472 Average interest-earning assets jj 213,294 211,042 208,175 206,028 204,779 NIM (GAAP) hh/jj 3.20 % 3.26 % 3.26 % 3.26 % 3.32 % NIM, excluding PAA (non-GAAP) ii/jj 3.11 3.15 3.14 3.12 3.16 Interest income on loans (GAAP) $2,290 2,300 2,270 2,236 2,322 Less: loan PAA 59 71 75 84 90 Interest income on loans, excluding loan PAA (non-GAAP) $2,231 2,229 2,195 2,152 2,232 Note: Certain items above do not precisely recalculate as presented due to rounding.

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50 Non-GAAP Reconciliations ($ in millions) Non-GAAP Reconciliations 4Q25 3Q25 2Q25 1Q25 4Q24 Income tax expense Income tax expense (GAAP) $231 183 183 168 36 Impact of notable items (1) (50) 12 24 15 123 Adjusted income tax expense (non-GAAP) $181 195 207 183 159 Note: Certain items above do not precisely recalculate as presented due to rounding. (1) 4Q24 includes the impact of a change in our estimated state income tax rates after filing our first income tax returns that included the SVBB Acquisition.

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## Exhibit 99.3

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| *Dollars in millions, except per share data* | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Year Ended December 31,** | **Year Ended December 31,** |
| **Summary Financial Data & Key Metrics** | **December 31, 2025** | **September 30, 2025** | **December 31, 2024** | **2025** | **2024** |
| **Results of Operations:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net interest income | $1722 | $1734 | $1709 | $6814 | $7143 |
| &nbsp;&nbsp;&nbsp;Provision for credit losses | 54 | 191 | 155 | 514 | 431 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income after provision for credit losses | 1668 | 1543 | 1554 | 6300 | 6712 |
| &nbsp;&nbsp;&nbsp;Noninterest income | 715 | 699 | 699 | 2727 | 2615 |
| &nbsp;&nbsp;&nbsp;Noninterest expense | 1572 | 1491 | 1517 | 6056 | 5735 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes | 811 | 751 | 736 | 2971 | 3592 |
| &nbsp;&nbsp;&nbsp;Income tax expense | 231 | 183 | 36 | 765 | 815 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income | 580 | 568 | 700 | 2206 | 2777 |
| &nbsp;&nbsp;&nbsp;Preferred stock dividends | 14 | 14 | 15 | 57 | 61 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income available to common stockholders | $566 | $554 | $685 | $2149 | $2716 |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted net income available to common stockholders <sup>(1)</sup> | $634 | $573 | $628 | $2313 | $2796 |
| &nbsp;&nbsp;Pre-tax, pre-provision net revenue (PPNR) <sup>(1)</sup> | 865 | 942 | 891 | 3485 | 4023 |
| &nbsp;&nbsp;Adjusted PPNR <sup>(1)</sup> | 883 | 973 | 957 | 3650 | 4271 |
| **Per Share Information:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Diluted earnings per common share (EPS) | $45.81 | $43.08 | $49.21 | $165.24 | $189.41 |
| &nbsp;&nbsp;Adjusted diluted EPS <sup>(1)</sup> | 51.27 | 44.62 | 45.10 | 177.88 | 194.96 |
| &nbsp;&nbsp;&nbsp;Book value per common share at period end | 1718.71 | 1672.54 | 1556.16 |  |  |
| &nbsp;&nbsp;Tangible book value per common share (TBV) <sup>(1)</sup> at period end | 1674.11 | 1628.64 | 1512.77 |  |  |
| **Key Performance Metrics:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Return on average assets (ROA) | 0.99% | 0.98% | 1.25% | 0.96% | 1.26% |
| &nbsp;&nbsp;Adjusted ROA <sup>(1)</sup> | 1.10 | 1.01 | 1.14 | 1.03 | 1.30 |
| &nbsp;&nbsp;PPNR ROA <sup>(1)</sup> | 1.47 | 1.62 | 1.58 | 1.52 | 1.83 |
| &nbsp;&nbsp;Adjusted PPNR ROA <sup>(1)</sup> | 1.50 | 1.67 | 1.70 | 1.59 | 1.94 |
| &nbsp;&nbsp;&nbsp;Return on average common equity (ROE) | 10.66 | 10.26 | 12.56 | 10.03 | 12.68 |
| &nbsp;&nbsp;Adjusted ROE <sup>(1)</sup> | 11.93 | 10.62 | 11.51 | 10.80 | 13.06 |
| &nbsp;&nbsp;Return on average tangible common equity (ROTCE) <sup>(1)</sup> | 10.94 | 10.53 | 12.92 | 10.31 | 13.07 |
| &nbsp;&nbsp;Adjusted ROTCE <sup>(1)</sup> | 12.25 | 10.91 | 11.84 | 11.09 | 13.45 |
| &nbsp;&nbsp;&nbsp;Efficiency ratio | 64.53 | 61.27 | 63.01 | 63.48 | 58.77 |
| &nbsp;&nbsp;Adjusted efficiency ratio <sup>(1)</sup> | 60.79 | 56.78 | 56.98 | 58.77 | 53.01 |
| &nbsp;&nbsp;Net interest margin (NIM) <sup>(2)</sup> | 3.20 | 3.26 | 3.32 | 3.25 | 3.54 |
| &nbsp;&nbsp;NIM, excluding purchase accounting accretion (PAA) <sup>(1) (2)</sup> | 3.11 | 3.15 | 3.16 | 3.13 | 3.30 |
| **Select Balance Sheet Items at Period End:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total investment securities | $41564 | $45124 | $44090 |  |  |
| &nbsp;&nbsp;&nbsp;Total loans and leases | 147930 | 144758 | 140221 |  |  |
| &nbsp;&nbsp;&nbsp;Total operating lease equipment, net | 9621 | 9446 | 9323 |  |  |
| &nbsp;&nbsp;&nbsp;Total deposits | 161578 | 163190 | 155229 |  |  |
| &nbsp;&nbsp;&nbsp;Total borrowings | 36008 | 38675 | 37051 |  |  |
| &nbsp;&nbsp;&nbsp;Loan to deposit ratio | 91.55% | 88.71% | 90.33% |  |  |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing deposits to total deposits | 25.16 | 26.20 | 24.89 |  |  |
| **Capital Ratios at Period End:** <sup>(3)</sup> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total risk-based capital ratio | 13.71% | 14.05% | 15.04% |  |  |
| &nbsp;&nbsp;&nbsp;Tier 1 risk-based capital ratio | 11.91 | 12.15 | 13.53 |  |  |
| &nbsp;&nbsp;&nbsp;Common equity Tier 1 ratio | 11.15 | 11.65 | 12.99 |  |  |
| &nbsp;&nbsp;&nbsp;Tier 1 leverage capital ratio | 9.29 | 9.34 | 9.90 |  |  |
| **Asset Quality at Period End:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Nonaccrual loans to total loans and leases | 0.88% | 0.97% | 0.84% |  |  |
| &nbsp;&nbsp;&nbsp;Allowance for loan and lease losses (ALLL) to loans and leases | 1.06 | 1.14 | 1.20 |  |  |
| &nbsp;&nbsp;&nbsp;Net charge-off ratio for the period | 0.39 | 0.65 | 0.46 | 0.45 | 0.39 |
| <sup>(1)</sup> Denotes a non-GAAP measure. Refer to the non-GAAP reconciliation tables included at the end of this financial supplement for a reconciliation to the most directly comparable GAAP measure. "Adjusted" items exclude the impacts of Notable Items. | <sup>(1)</sup> Denotes a non-GAAP measure. Refer to the non-GAAP reconciliation tables included at the end of this financial supplement for a reconciliation to the most directly comparable GAAP measure. "Adjusted" items exclude the impacts of Notable Items. | <sup>(1)</sup> Denotes a non-GAAP measure. Refer to the non-GAAP reconciliation tables included at the end of this financial supplement for a reconciliation to the most directly comparable GAAP measure. "Adjusted" items exclude the impacts of Notable Items. | <sup>(1)</sup> Denotes a non-GAAP measure. Refer to the non-GAAP reconciliation tables included at the end of this financial supplement for a reconciliation to the most directly comparable GAAP measure. "Adjusted" items exclude the impacts of Notable Items. | <sup>(1)</sup> Denotes a non-GAAP measure. Refer to the non-GAAP reconciliation tables included at the end of this financial supplement for a reconciliation to the most directly comparable GAAP measure. "Adjusted" items exclude the impacts of Notable Items. | <sup>(1)</sup> Denotes a non-GAAP measure. Refer to the non-GAAP reconciliation tables included at the end of this financial supplement for a reconciliation to the most directly comparable GAAP measure. "Adjusted" items exclude the impacts of Notable Items. |
| <sup>(2)</sup> Calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables. | <sup>(2)</sup> Calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables. | <sup>(2)</sup> Calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables. | <sup>(2)</sup> Calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables. | <sup>(2)</sup> Calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables. | <sup>(2)</sup> Calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables. |
| <sup>(3)</sup> Capital ratios as of the current quarter-end are preliminary pending completion of quarterly regulatory filings.  | <sup>(3)</sup> Capital ratios as of the current quarter-end are preliminary pending completion of quarterly regulatory filings.  | <sup>(3)</sup> Capital ratios as of the current quarter-end are preliminary pending completion of quarterly regulatory filings.  | <sup>(3)</sup> Capital ratios as of the current quarter-end are preliminary pending completion of quarterly regulatory filings.  | <sup>(3)</sup> Capital ratios as of the current quarter-end are preliminary pending completion of quarterly regulatory filings.  | <sup>(3)</sup> Capital ratios as of the current quarter-end are preliminary pending completion of quarterly regulatory filings.  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| *Dollars in millions, except share and per share data* | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Year Ended December 31,** | **Year Ended December 31,** |
| **Income Statement (unaudited)** | **December 31, 2025** | **September 30, 2025** | **December 31, 2024** | **2025** | **2024** |
| **Interest income** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest and fees on loans | $2290 | $2300 | $2322 | $9096 | $9528 |
| &nbsp;&nbsp;&nbsp;Interest on investment securities | 424 | 433 | 377 | 1690 | 1347 |
| &nbsp;&nbsp;&nbsp;Interest on deposits at banks | 226 | 265 | 302 | 992 | 1478 |
| Total interest income | 2940 | 2998 | 3001 | 11778 | 12353 |
| **Interest expense** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | 861 | 911 | 957 | 3559 | 3864 |
| &nbsp;&nbsp;&nbsp;Borrowings | 357 | 353 | 335 | 1405 | 1346 |
| Total interest expense | 1218 | 1264 | 1292 | 4964 | 5210 |
| **Net interest income** | 1722 | 1734 | 1709 | 6814 | 7143 |
| &nbsp;&nbsp;&nbsp;Provision for credit losses | 54 | 191 | 155 | 514 | 431 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net interest income after provision for credit losses** | 1668 | 1543 | 1554 | 6300 | 6712 |
| **Noninterest income** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Rental income on operating lease equipment | 281 | 273 | 272 | 1096 | 1048 |
| &nbsp;&nbsp;&nbsp;Lending-related fees | 64 | 67 | 68 | 266 | 257 |
| &nbsp;&nbsp;&nbsp;Deposit fees and service charges | 63 | 61 | 58 | 241 | 230 |
| &nbsp;&nbsp;&nbsp;Client investment fees | 54 | 58 | 54 | 217 | 213 |
| &nbsp;&nbsp;&nbsp;Wealth management services | 61 | 57 | 54 | 229 | 211 |
| &nbsp;&nbsp;&nbsp;International fees | 37 | 34 | 33 | 136 | 119 |
| &nbsp;&nbsp;&nbsp;Factoring commissions | 20 | 18 | 20 | 73 | 75 |
| &nbsp;&nbsp;&nbsp;Cardholder services, net | 37 | 39 | 41 | 158 | 163 |
| &nbsp;&nbsp;&nbsp;Merchant services, net | 13 | 12 | 13 | 52 | 49 |
| &nbsp;&nbsp;&nbsp;Insurance commissions | 12 | 13 | 13 | 53 | 55 |
| &nbsp;&nbsp;&nbsp;Realized gain on sale of investment securities, net | 3 |  | 2 | 3 | 6 |
| &nbsp;&nbsp;&nbsp;Fair value adjustment on marketable equity securities, net | 12 | 13 | 10 | 22 | 13 |
| &nbsp;&nbsp;&nbsp;Gain on sale of leasing equipment, net | 14 | 3 | 11 | 30 | 30 |
| &nbsp;&nbsp;&nbsp;Loss on extinguishment of debt | (9) |  |  | (9) | (2) |
| &nbsp;&nbsp;&nbsp;Other noninterest income | 53 | 51 | 50 | 160 | 148 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | 715 | 699 | 699 | 2727 | 2615 |
| **Noninterest expense** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation on operating lease equipment | 102 | 98 | 101 | 398 | 394 |
| &nbsp;&nbsp;&nbsp;Maintenance and other operating lease expenses | 64 | 67 | 55 | 244 | 219 |
| &nbsp;&nbsp;&nbsp;Personnel cost | 849 | 817 | 801 | 3294 | 3078 |
| &nbsp;&nbsp;&nbsp;Net occupancy expense | 61 | 58 | 60 | 238 | 242 |
| &nbsp;&nbsp;&nbsp;Equipment expense | 151 | 137 | 136 | 555 | 504 |
| &nbsp;&nbsp;&nbsp;Professional fees | 34 | 26 | 30 | 115 | 121 |
| &nbsp;&nbsp;&nbsp;Third-party processing fees | 75 | 67 | 57 | 268 | 230 |
| &nbsp;&nbsp;&nbsp;FDIC insurance expense | 27 | 38 | 33 | 141 | 138 |
| &nbsp;&nbsp;&nbsp;Marketing expense | 45 | 33 | 24 | 142 | 76 |
| &nbsp;&nbsp;&nbsp;Acquisition-related expenses | 33 | 28 | 62 | 141 | 210 |
| &nbsp;&nbsp;&nbsp;Intangible asset amortization | 13 | 13 | 16 | 54 | 63 |
| &nbsp;&nbsp;&nbsp;Other noninterest expense | 118 | 109 | 142 | 466 | 460 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expense | 1572 | 1491 | 1517 | 6056 | 5735 |
| Income before income taxes | 811 | 751 | 736 | 2971 | 3592 |
| &nbsp;&nbsp;&nbsp;Income tax expense | 231 | 183 | 36 | 765 | 815 |
| Net income | $580 | $568 | $700 | $2206 | $2777 |
| &nbsp;&nbsp;&nbsp;Preferred stock dividends | 14 | 14 | 15 | 57 | 61 |
| **Net income available to common stockholders** | $566 | $554 | $685 | $2149 | $2716 |
| **Basic earnings per common share** | $45.81 | $43.08 | $49.21 | $165.24 | $189.42 |
| **Diluted earnings per common share** | $45.81 | $43.08 | $49.21 | $165.24 | $189.41 |
| &nbsp;&nbsp;&nbsp;Weighted average common shares outstanding (basic) | 12363028 | 12849339 | 13927887 | 13002455 | 14341872 |
| &nbsp;&nbsp;&nbsp;Weighted average common shares outstanding (diluted) | 12363028 | 12849339 | 13927887 | 13002455 | 14342655 |

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| | | | |
|:---|:---|:---|:---|
| *Dollars in millions, except share data* |  |  |  |
| **Balance Sheet (unaudited)** | **December 31, 2025** | **September 30, 2025** | **December 31, 2024** |
| **Assets** |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash and due from banks | $801 | $874 | $814 |
| &nbsp;&nbsp;&nbsp;Interest-earning deposits at banks | 19801 | 24798 | 21364 |
| &nbsp;&nbsp;&nbsp;Securities purchased under agreements to resell | 232 | 83 | 158 |
| &nbsp;&nbsp;&nbsp;Investment in marketable equity securities | 127 | 110 | 101 |
| &nbsp;&nbsp;&nbsp;Investment securities available for sale | 31790 | 34963 | 33750 |
| &nbsp;&nbsp;&nbsp;Investment securities held to maturity | 9647 | 10051 | 10239 |
| &nbsp;&nbsp;&nbsp;Assets held for sale | 804 | 112 | 85 |
| &nbsp;&nbsp;&nbsp;Loans and leases | 147930 | 144758 | 140221 |
| &nbsp;&nbsp;&nbsp;Allowance for loan and lease losses | (1566) | (1652) | (1676) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans and leases, net of allowance for loan and lease losses | 146364 | 143106 | 138545 |
| &nbsp;&nbsp;&nbsp;Operating lease equipment, net | 9621 | 9446 | 9323 |
| &nbsp;&nbsp;&nbsp;Premises and equipment, net | 2447 | 2283 | 2006 |
| &nbsp;&nbsp;&nbsp;Goodwill | 346 | 346 | 346 |
| &nbsp;&nbsp;&nbsp;Other intangible assets, net | 195 | 208 | 249 |
| &nbsp;&nbsp;&nbsp;Other assets | 7523 | 7108 | 6740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | $229698 | $233488 | $223720 |
| **Liabilities** |  |  |  |
| Deposits: |  |  |  |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing | $40653 | $42752 | $38633 |
| &nbsp;&nbsp;&nbsp;Interest-bearing | 120925 | 120438 | 116596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 161578 | 163190 | 155229 |
| &nbsp;&nbsp;&nbsp;Credit balances of factoring clients | 1148 | 1326 | 1016 |
| Borrowings: |  |  |  |
| &nbsp;&nbsp;&nbsp;Short-term borrowings | 224 | 423 | 367 |
| &nbsp;&nbsp;&nbsp;Long-term borrowings | 35784 | 38252 | 36684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total borrowings | 36008 | 38675 | 37051 |
| &nbsp;&nbsp;&nbsp;Other liabilities | 8726 | 8311 | 8196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities** | $207460 | $211502 | $201492 |
| **Stockholders' equity** |  |  |  |
| &nbsp;&nbsp;&nbsp;Preferred stock | 1375 | 881 | 881 |
| &nbsp;&nbsp;&nbsp;Common stock: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Class A - $1 par value | 11 | 12 | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;Class B - $1 par value | 1 | 1 | 1 |
| &nbsp;&nbsp;&nbsp;Additional paid in capital |  | 270 | 2417 |
| &nbsp;&nbsp;&nbsp;Retained earnings | 20768 | 20866 | 19361 |
| &nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | 83 | (44) | (445) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total stockholders' equity** | 22238 | 21986 | 22228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities and stockholders' equity** | $229698 | $233488 | $223720 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| *Dollars in millions, except share per share data* | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Year Ended December 31,** | **Year Ended December 31,** |
| **Notable Items** <sup>(1)</sup> | **December 31, 2025** | **September 30, 2025** | **December 31, 2024** | **2025** | **2024** |
| **Noninterest income** |  |  |  |  |  |
| &nbsp;&nbsp;Rental income on operating lease equipment <sup>(2)</sup>  | $(166) | $(165) | $(152) | $(642) | $(609) |
| &nbsp;&nbsp;&nbsp;Realized gain on sale of investment securities, net | (3) |  | (2) | (3) | (6) |
| &nbsp;&nbsp;&nbsp;Fair value adjustment on marketable equity securities, net | (12) | (13) | (10) | (22) | (13) |
| &nbsp;&nbsp;&nbsp;Gain on sale of leasing equipment, net | (14) | (3) | (11) | (30) | (30) |
| &nbsp;&nbsp;&nbsp;Loss on extinguishment of debt | 9 |  |  | 9 | 2 |
| &nbsp;&nbsp;Other noninterest income <sup>(3)</sup> |  |  | (8) |  | (12) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Impact of notable items on adjusted noninterest income** | $(186) | $(181) | $(183) | $(688) | $(668) |
| **Noninterest expense** |  |  |  |  |  |
| &nbsp;&nbsp;Depreciation on operating lease equipment <sup>(2)</sup> | (102) | (98) | (101) | (398) | (394) |
| &nbsp;&nbsp;Maintenance and other operating lease equipment expense <sup>(2)</sup> | (64) | (67) | (55) | (244) | (219) |
| &nbsp;&nbsp;Personnel cost <sup>(4)</sup> |  | (6) |  | (6) |  |
| &nbsp;&nbsp;Professional fees <sup>(5)</sup> |  |  |  |  | (4) |
| &nbsp;&nbsp;&nbsp;FDIC insurance special assessment | 12 |  |  | 12 | (11) |
| &nbsp;&nbsp;&nbsp;Acquisition-related expenses | (33) | (28) | (62) | (141) | (210) |
| &nbsp;&nbsp;&nbsp;Intangible asset amortization | (13) | (13) | (16) | (54) | (63) |
| &nbsp;&nbsp;Other noninterest expense <sup>(6)</sup> | (4) |  | (15) | (22) | (15) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Impact of notable items on adjusted noninterest expense** | $(204) | $(212) | $(249) | $(853) | $(916) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Impact of notable items on adjusted pre-tax income | $18 | $31 | $66 | $165 | $248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income tax impact <sup>(7)</sup> | (50) | 12 | 123 | 1 | 168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Impact of notable items on adjusted net income | $68 | $19 | $(57) | $164 | $80 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Impact of notable items on adjusted diluted EPS** | $5.46 | $1.54 | $(4.11) | $12.64 | $5.55 |

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(1) Notable items include income and expense for infrequent transactions and certain recurring items (typically noncash) that management believes should be excluded from adjusted measures (non-GAAP) to enhance understanding of operations and comparability to historical periods. Management utilizes both GAAP and adjusted measures (non-GAAP) to analyze BancShares' performance. Refer to subsequent pages of this financial supplement for a reconciliation of non-GAAP measures to the most directly comparable GAAP measures.

(2) Depreciation and maintenance and other operating lease expenses are deducted from rental income on operating lease equipment to calculate adjusted rental income on operating lease equipment (non-GAAP). There is no net impact to earnings for this non-GAAP item because adjusted noninterest income and expense are reduced by the same amount. Management believes adjusted rental income on operating lease equipment (non-GAAP) is meaningful because it helps management monitor the performance and profitability of the operating leases after deducting direct expenses. Refer to subsequent pages of this financial supplement for a reconciliation of non-GAAP measures to the most directly comparable GAAP measures.

(3) Other noninterest income includes a gain on sale of portfolio residential mortgages in 4Q24, as well as a gain on litigation settlement for 1Q24.

(4) Personnel cost includes impairment of internal use software under development in 3Q25.

(5) Professional fees include expenses related to integration activities in 1Q24 and 2Q24.

(6) Other noninterest expense includes a technology fee in 4Q25 and 3Q24, an accrual resulting from a vendor dispute and an increase in litigation reserve in 2Q25, impairment of capitalized software and related projects in 1Q25 and 4Q24, and litigation reserve releases in 1Q24 and 2Q24.

(7) For the periods presented, the income tax impact may include tax discrete items and changes in the estimated annualized effective tax rate.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| *Dollars in millions, except share and per share data* | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Year Ended December 31,** | **Year Ended December 31,** |
| **Condensed Income Statements (unaudited) - Adjusted for Notable Items** <sup>(1)</sup> | **December 31, 2025** | **September 30, 2025** | **December 31, 2024** | **2025** | **2024** |
| Interest income | $2940 | $2998 | $3001 | $11778 | $12353 |
| Interest expense | 1218 | 1264 | 1292 | 4964 | 5210 |
| **Net interest income** | 1722 | 1734 | 1709 | 6814 | 7143 |
| &nbsp;&nbsp;&nbsp;Provision for credit losses | 54 | 191 | 155 | 514 | 431 |
| **Net interest income after provision for credit losses** | 1668 | 1543 | 1554 | 6300 | 6712 |
| Noninterest income | 529 | 518 | 516 | 2039 | 1947 |
| Noninterest expense | 1368 | 1279 | 1268 | 5203 | 4819 |
| **Income before income taxes** | 829 | 782 | 802 | 3136 | 3840 |
| &nbsp;&nbsp;&nbsp;Income tax expense | 181 | 195 | 159 | 766 | 983 |
| **Net income** | $648 | $587 | $643 | $2370 | $2857 |
| &nbsp;&nbsp;&nbsp;Preferred stock dividends | 14 | 14 | 15 | 57 | 61 |
| **Net income available to common stockholders** | $634 | $573 | $628 | $2313 | $2796 |
| **Basic earnings per common share** | $51.27 | $44.62 | $45.10 | $177.88 | $194.97 |
| **Diluted earnings per common share** | 51.27 | 44.62 | 45.10 | 177.88 | 194.96 |
| &nbsp;&nbsp;&nbsp;Weighted average common shares outstanding (basic) | 12363028 | 12849339 | 13927887 | 13002455 | 14341872 |
| &nbsp;&nbsp;&nbsp;Weighted average common shares outstanding (diluted) | 12363028 | 12849339 | 13927887 | 13002455 | 14342655 |

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<sup>(1)</sup> The GAAP income statements and notable items are included previously in this financial supplement. The condensed adjusted income statements above (non-GAAP) exclude the impact of notable items. Refer to the non-GAAP reconciliation tables at the end of this financial supplement for a reconciliation of non-GAAP measures to the most directly comparable GAAP measure.

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| | | | |
|:---|:---|:---|:---|
| *Dollars in millions* | *Dollars in millions* | *Dollars in millions* | *Dollars in millions* |
| **Loans and Leases by Class (end of period)** | **December 31, 2025** | **September 30, 2025** | **December 31, 2024** |
| **Commercial** |  |  |  |
| &nbsp;&nbsp;Commercial and industrial <sup>(2)</sup> | $44721 | $44909 | $43559 |
| &nbsp;&nbsp;Capital call lines <sup>(2)</sup> | 31791 | 28643 | 25501 |
| &nbsp;&nbsp;&nbsp;Owner occupied commercial mortgage | 17660 | 17232 | 16842 |
| &nbsp;&nbsp;&nbsp;Investor dependent | 2778 | 2772 | 3193 |
| &nbsp;&nbsp;Commercial real estate <sup>(2)</sup> | 23784 | 23255 | 23282 |
| **Total commercial** | $120734 | 116811 | $112377 |
| **Consumer** |  |  |  |
| &nbsp;&nbsp;Residential mortgage <sup>(2)</sup> | $21861 | $22653 | $22768 |
| &nbsp;&nbsp;&nbsp;Revolving mortgage | 2863 | 2794 | 2567 |
| &nbsp;&nbsp;&nbsp;Auto | 1416 | 1463 | 1523 |
| &nbsp;&nbsp;&nbsp;Other consumer | 1056 | 1037 | 986 |
| **Total consumer** | $27196 | $27947 | $27844 |
| **Total loans and leases** | $147930 | $144758 | $140221 |
| &nbsp;&nbsp;&nbsp;Less: allowance for loan and lease losses | (1566) | (1652) | (1676) |
| **Total loans and leases, net of allowance for loan and lease losses** | $146364 | $143106 | $138545 |

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<sup>(2)</sup> During the fourth quarter of 2025, we updated our loan classes as summarized below ("4Q25 Loan Class Changes"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Commercial real estate is a separate loan class. Prior to the 4Q25 Loan Class Changes, commercial real estate loans were primarily included in the non-owner occupied commercial mortgage and commercial construction loan classes. Additionally, commercial and industrial loans for the purpose of acquiring, constructing or developing real estate were previously included in the commercial and industrial loan class, and residential construction loans were previously included in the residential mortgage loan class.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Capital call lines is a separate loan class. Prior to the 4Q25 Loan Class Changes, global fund banking (which included capital call lines and certain other commercial and industrial loans in the Global Fund Banking line of business) was a separate loan class.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Commercial and industrial remained a separate loan class, but the composition was updated to: (i) include certain other commercial and industrial loans that were previously included in the global fund banking loan class prior to the 4Q25 Loan Class Changes, (ii) include leases, which was previously a separate loan class, and (iii) exclude commercial real estate loans that were previously included in the commercial and industrial loan class.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Residential mortgage loans remained a separate loan class, but the composition was updated to exclude residential construction loans which are included in the commercial real estate loan class after the 4Q25 Loan Class Changes.

During the second quarter of 2025, the loan classes which were reported in the SVB portfolio in the 2024 Form 10-K, were recast to the Commercial portfolio (the "2Q25 Loan Class Changes"). Loan and lease disclosures for all periods presented in this Financial Supplement were recast to reflect the 2Q25 Loan Class Changes and 4Q25 Loan Class Changes.

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| | | | |
|:---|:---|:---|:---|
| *Dollars in millions* | *Dollars in millions* | *Dollars in millions* | *Dollars in millions* |
| **Deposits by Type (end of period)** | **December 31, 2025** | **September 30, 2025** | **December 31, 2024** |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing demand | $40653 | $42752 | $38633 |
| &nbsp;&nbsp;&nbsp;Checking with interest | 24377 | 23731 | 25343 |
| &nbsp;&nbsp;&nbsp;Money market | 38687 | 38718 | 35722 |
| &nbsp;&nbsp;&nbsp;Savings | 46625 | 46915 | 42278 |
| &nbsp;&nbsp;&nbsp;Time | 11236 | 11074 | 13253 |
| **Total deposits** | $161578 | $163190 | $155229 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Year Ended December 31,** | **Year Ended December 31,** |
| **Credit Quality and Allowance for Loan and Lease Losses (ALLL)** | **December 31, 2025** | **September 30, 2025** | **December 31, 2024** | **2025** | **2024** |
| Nonaccrual loans at period end | $1307 | $1406 | $1184 |  |  |
| Ratio of nonaccrual loans to total loans at period end | 0.88% | 0.97% | 0.84% |  |  |
| Charge-offs | $(174) | $(256) | $(193) | $(741) | $(657) |
| Recoveries | 31 | 22 | 33 | 101 | 117 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net charge-offs** | $(143) | $(234) | $(160) | $(640) | $(540) |
| **Net charge-off ratio** | 0.39% | 0.65% | 0.46% | 0.45% | 0.39% |
| ALLL to loans ratio at period end | 1.06% | 1.14% | 1.20% |  |  |
| **ALLL at beginning of period** | $1652 | $1672 | $1678 | $1676 | $1747 |
| &nbsp;&nbsp;&nbsp;Provision for loan and lease losses | 59 | 214 | 158 | 532 | 469 |
| &nbsp;&nbsp;&nbsp;Net charge-offs | (143) | (234) | (160) | (640) | (540) |
| &nbsp;&nbsp;&nbsp;Other | (2) |  |  | (2) |  |
| **ALLL at end of period** | $1566 | $1652 | $1676 | $1566 | $1676 |

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Dollars in millions* | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| **Average Balance Sheets, Yields and Rates** | **Average Balance** | **Income/Expense** | **Yield/Rate** | **Average Balance** | **Income/Expense** | **Yield/Rate** | **Average Balance** | **Income/Expense** | **Yield/Rate** |
| Loans and leases <sup>(1) (2)</sup> | $145689 | $2290 | 6.24% | $141785 | $2300 | 6.44% | $138186 | $2322 | 6.69% |
| Investment securities | 44306 | 421 | 3.80 | 44827 | 430 | 3.83 | 40779 | 374 | 3.66 |
| Securities purchased under agreements to resell | 285 | 3 | 4.00 | 284 | 3 | 4.32 | 266 | 3 | 4.67 |
| Interest-earning deposits at banks | 23014 | 226 | 3.90 | 24146 | 265 | 4.36 | 25548 | 302 | 4.70 |
| **Total interest-earning assets** <sup>(2)</sup> | $213294 | $2940 | 5.48% | $211042 | $2998 | 5.64% | $204779 | $3001 | 5.83% |
| Operating lease equipment, net | $9495 |  |  | $9463 |  |  | $9288 |  |  |
| Cash and due from banks | 847 |  |  | 757 |  |  | 756 |  |  |
| Allowance for loan and lease losses | (1649) |  |  | (1702) |  |  | (1710) |  |  |
| All other noninterest-earning assets | 11445 |  |  | 10969 |  |  | 10593 |  |  |
| &nbsp;&nbsp;**Total assets** | $233432 |  |  | $230529 |  |  | $223706 |  |  |
| Interest-bearing deposits |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Checking with interest | $23907 | $94 | 1.57% | $23028 | $99 | 1.70% | $24460 | $125 | 2.04% |
| &nbsp;&nbsp;&nbsp;Money market | 39792 | 260 | 2.59 | 39396 | 280 | 2.82 | 35319 | 271 | 3.05 |
| &nbsp;&nbsp;&nbsp;Savings | 46618 | 412 | 3.51 | 47005 | 435 | 3.66 | 41103 | 421 | 4.07 |
| &nbsp;&nbsp;&nbsp;Time deposits | 11116 | 95 | 3.38 | 11146 | 97 | 3.45 | 13683 | 140 | 4.07 |
| Total interest-bearing deposits | 121433 | 861 | 2.81 | 120575 | 911 | 3.00 | 114565 | 957 | 3.32 |
| Borrowings: |  |  |  |  |  |  |  |  |  |
| Securities sold under customer repurchase agreements | 265 |  | 0.52 | 442 | 1 | 0.51 | 370 | 1 | 0.57 |
| &nbsp;&nbsp;&nbsp;Senior unsecured borrowings | 556 | 7 | 5.27 | 555 | 7 | 5.27 | 59 | 1 | 4.44 |
| &nbsp;&nbsp;&nbsp;Subordinated debt | 1774 | 24 | 5.20 | 1350 | 17 | 5.02 | 845 | 6 | 2.75 |
| &nbsp;&nbsp;&nbsp;Other borrowings | 35601 | 326 | 3.67 | 35911 | 328 | 3.66 | 35818 | 327 | 3.66 |
| Long-term borrowings | 37931 | 357 | 3.76 | 37816 | 352 | 3.73 | 36722 | 334 | 3.64 |
| Total borrowings | 38196 | 357 | 3.74 | 38258 | 353 | 3.70 | 37092 | 335 | 3.61 |
| &nbsp;&nbsp;**Total interest-bearing liabilities** | $159629 | $1218 | 3.03% | $158833 | $1264 | 3.16% | $151657 | $1292 | 3.39% |
| Noninterest-bearing deposits | $41758 |  |  | $40049 |  |  | $39969 |  |  |
| Credit balances of factoring clients | 1358 |  |  | 1175 |  |  | 1232 |  |  |
| Other noninterest-bearing liabilities | 8490 |  |  | 8181 |  |  | 8250 |  |  |
| Stockholders' equity | 22197 |  |  | 22291 |  |  | 22598 |  |  |
| &nbsp;&nbsp;**Total liabilities and stockholders' equity** | $233432 |  |  | $230529 |  |  | $223706 |  |  |
| **Net interest income** |  | $1722 |  |  | $1734 |  |  | $1709 |  |
| Net interest spread <sup>(2)</sup> |  |  | 2.45% |  |  | 2.48% |  |  | 2.44% |
| **Net interest margin** <sup>(2)</sup> |  |  | 3.20% |  |  | 3.26% |  |  | 3.32% |
| <sup>(1)</sup> Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes loan PAA income and loan fees.  | <sup>(1)</sup> Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes loan PAA income and loan fees.  | <sup>(1)</sup> Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes loan PAA income and loan fees.  | <sup>(1)</sup> Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes loan PAA income and loan fees.  | <sup>(1)</sup> Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes loan PAA income and loan fees.  | <sup>(1)</sup> Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes loan PAA income and loan fees.  | <sup>(1)</sup> Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes loan PAA income and loan fees.  | <sup>(1)</sup> Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes loan PAA income and loan fees.  | <sup>(1)</sup> Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes loan PAA income and loan fees.  | <sup>(1)</sup> Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes loan PAA income and loan fees.  |
| <sup>(2)</sup> The average balances and yields for loans and leases are calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables. | <sup>(2)</sup> The average balances and yields for loans and leases are calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables. | <sup>(2)</sup> The average balances and yields for loans and leases are calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables. | <sup>(2)</sup> The average balances and yields for loans and leases are calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables. | <sup>(2)</sup> The average balances and yields for loans and leases are calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables. | <sup>(2)</sup> The average balances and yields for loans and leases are calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables. | <sup>(2)</sup> The average balances and yields for loans and leases are calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables. | <sup>(2)</sup> The average balances and yields for loans and leases are calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables. | <sup>(2)</sup> The average balances and yields for loans and leases are calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables. | <sup>(2)</sup> The average balances and yields for loans and leases are calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables. |
| *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* |  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Dollars in millions* | **Twelve Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** |
| **Average Balance Sheets, Yields and Rates** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| **Average Balance Sheets, Yields and Rates** | **Average Balance** | **Income/Expense** | **Yield/Rate** | **Average Balance** | **Income/Expense** | **Yield/Rate** |
| Loans and leases <sup>(1) (2)</sup> | $141934 | $9096 | 6.41% | $136026 | $9528 | 7.00% |
| Investment securities | 44160 | 1678 | 3.80 | 37029 | 1334 | 3.60 |
| Securities purchased under agreements to resell | 272 | 12 | 4.25 | 247 | 13 | 5.18 |
| Interest-earning deposits at banks | 23292 | 992 | 4.26 | 28276 | 1478 | 5.23 |
| **Total interest-earning assets** <sup>(2)</sup> | $209658 | $11778 | 5.61% | $201578 | $12353 | 6.12% |
| Operating lease equipment, net | $9432 |  |  | $9003 |  |  |
| Cash and due from banks | 801 |  |  | 753 |  |  |
| Allowance for loan and lease losses | (1692) |  |  | (1748) |  |  |
| All other noninterest-earning assets | 11067 |  |  | 10214 |  |  |
| &nbsp;&nbsp;**Total assets** | $229266 |  |  | $219800 |  |  |
| Interest-bearing deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Checking with interest | $23447 | $394 | 1.68% | $24199 | $526 | 2.17% |
| &nbsp;&nbsp;&nbsp;Money market | 38493 | 1066 | 2.77 | 33107 | 1031 | 3.11 |
| &nbsp;&nbsp;&nbsp;Savings | 45936 | 1692 | 3.68 | 38997 | 1663 | 4.26 |
| &nbsp;&nbsp;&nbsp;Time deposits | 11592 | 407 | 3.51 | 15202 | 644 | 4.23 |
| Total interest-bearing deposits | 119468 | 3559 | 2.98 | 111505 | 3864 | 3.47 |
| Borrowings: |  |  |  |  |  |  |
| Securities sold under customer repurchase agreements | 401 | 2 | 0.53 | 392 | 2 | 0.51 |
| &nbsp;&nbsp;&nbsp;Senior unsecured borrowings | 460 | 24 | 5.22 | 292 | 8 | 2.63 |
| &nbsp;&nbsp;&nbsp;Subordinated debt | 1391 | 68 | 4.84 | 889 | 29 | 3.18 |
| &nbsp;&nbsp;&nbsp;Other borrowings | 35809 | 1311 | 3.66 | 35826 | 1307 | 3.65 |
| Long-term borrowings | 37660 | 1403 | 3.72 | 37007 | 1344 | 3.63 |
| Total borrowings | 38061 | 1405 | 3.69 | 37399 | 1346 | 3.60 |
| &nbsp;&nbsp;**Total interest-bearing liabilities** | $157529 | $4964 | 3.15% | $148904 | $5210 | 3.50% |
| Noninterest-bearing deposits | $40018 |  |  | $39499 |  |  |
| Credit balances of factoring clients | 1195 |  |  | 1192 |  |  |
| Other noninterest-bearing liabilities | 8167 |  |  | 7908 |  |  |
| Stockholders' equity | 22357 |  |  | 22297 |  |  |
| &nbsp;&nbsp;**Total liabilities and stockholders' equity** | $229266 |  |  | $219800 |  |  |
| **Net interest income** |  | $6814 |  |  | $7143 |  |
| Net interest spread <sup>(2)</sup> |  |  | 2.46% |  |  | 2.62% |
| **Net interest margin** <sup>(2)</sup> |  |  | 3.25% |  |  | 3.54% |
| <sup>(1)</sup> Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes loan PAA income and loan fees.  | <sup>(1)</sup> Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes loan PAA income and loan fees.  | <sup>(1)</sup> Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes loan PAA income and loan fees.  | <sup>(1)</sup> Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes loan PAA income and loan fees.  | <sup>(1)</sup> Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes loan PAA income and loan fees.  | <sup>(1)</sup> Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes loan PAA income and loan fees.  | <sup>(1)</sup> Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes loan PAA income and loan fees.  |
| <sup>(2)</sup> The average balances and yields for loans and leases are calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables. | <sup>(2)</sup> The average balances and yields for loans and leases are calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables. | <sup>(2)</sup> The average balances and yields for loans and leases are calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables. | <sup>(2)</sup> The average balances and yields for loans and leases are calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables. | <sup>(2)</sup> The average balances and yields for loans and leases are calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables. | <sup>(2)</sup> The average balances and yields for loans and leases are calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables. | <sup>(2)</sup> The average balances and yields for loans and leases are calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables. |
| *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* |  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Dollars in millions, except share and per share data* |  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Year Ended December 31,** | **Year Ended December 31,** |
| **Non-GAAP Reconciliations** |  | **December 31, 2025** | **September 30, 2025** | **December 31, 2024** | **2025** | **2024** |
| **Net income and EPS** |  |  |  |  |  |  |
| Net income (GAAP) | a | $580 | $568 | $700 | $2206 | $2777 |
| Preferred stock dividends |  | 14 | 14 | 15 | 57 | 61 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income available to common stockholders (GAAP) | b | $566 | $554 | $685 | $2149 | $2716 |
| Total notable items, after income tax | c | 68 | 19 | (57) | 164 | 80 |
| Adjusted net income (non-GAAP) | d = (a+c) | 648 | 587 | 643 | 2370 | 2857 |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted net income available to common stockholders (non-GAAP) | e = (b+c) | $634 | $573 | $628 | $2313 | $2796 |
| Weighted average common shares outstanding |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | f | 12363028 | 12849339 | 13927887 | 13002455 | 14341872 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | g | 12363028 | 12849339 | 13927887 | 13002455 | 14342655 |
| EPS (GAAP) |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | b/f | $45.81 | $43.08 | $49.21 | $165.24 | $189.42 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | b/g | 45.81 | 43.08 | 49.21 | 165.24 | 189.41 |
| Adjusted EPS (non-GAAP) |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | e/f | $51.27 | $44.62 | $45.10 | $177.88 | $194.97 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | e/g | 51.27 | 44.62 | 45.10 | 177.88 | 194.96 |
| **Noninterest income and expense** |  |  |  |  |  |  |
| Noninterest income (GAAP) | h | $715 | $699 | $699 | $2727 | $2615 |
| &nbsp;&nbsp;&nbsp;&nbsp;Impact of notable items, before income tax |  | (186) | (181) | (183) | (688) | (668) |
| Adjusted noninterest income (non-GAAP) | i | $529 | $518 | $516 | $2039 | $1947 |
| Noninterest expense (GAAP) | j | $1572 | $1491 | $1517 | $6056 | $5735 |
| &nbsp;&nbsp;&nbsp;&nbsp;Impact of notable items, before income tax |  | (204) | (212) | (249) | (853) | (916) |
| Adjusted noninterest expense (non-GAAP) | k | $1368 | $1279 | $1268 | $5203 | $4819 |
| **PPNR** |  |  |  |  |  |  |
| Net income (GAAP) | a | $580 | $568 | $700 | $2206 | $2777 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus: provision for credit losses |  | 54 | 191 | 155 | 514 | 431 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus: income tax expense |  | 231 | 183 | 36 | 765 | 815 |
| PPNR (non-GAAP) | l | $865 | $942 | $891 | $3485 | $4023 |
| &nbsp;&nbsp;&nbsp;&nbsp;Impact of notable items <sup>(1)</sup> |  | 18 | 31 | 66 | 165 | 248 |
| Adjusted PPNR (non-GAAP) | m | $883 | $973 | $957 | $3650 | $4271 |
| <sup>(1)</sup> *Excludes the impact of notable items on income taxes as this is excluded from PPNR as presented in the table above.* | <sup>(1)</sup> *Excludes the impact of notable items on income taxes as this is excluded from PPNR as presented in the table above.* | <sup>(1)</sup> *Excludes the impact of notable items on income taxes as this is excluded from PPNR as presented in the table above.* | <sup>(1)</sup> *Excludes the impact of notable items on income taxes as this is excluded from PPNR as presented in the table above.* | <sup>(1)</sup> *Excludes the impact of notable items on income taxes as this is excluded from PPNR as presented in the table above.* | <sup>(1)</sup> *Excludes the impact of notable items on income taxes as this is excluded from PPNR as presented in the table above.* | <sup>(1)</sup> *Excludes the impact of notable items on income taxes as this is excluded from PPNR as presented in the table above.* |
| *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Dollars in millions* |  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Year Ended December 31,** | **Year Ended December 31,** |
| **Non-GAAP Reconciliations (continued)** |  | **December 31, 2025** | **September 30, 2025** | **December 31, 2024** | **2025** | **2024** |
| **ROA** |  |  |  |  |  |  |
| Net income (GAAP) | a | $580 | $568 | $700 | $2206 | $2777 |
| Annualized net income | n = a annualized | 2303 | 2254 | 2786 | 2206 | 2777 |
| Adjusted net income (non-GAAP) | d | 648 | 587 | 643 | 2370 | 2857 |
| Annualized adjusted net income | p = d annualized | 2571 | 2332 | 2558 | 2370 | 2857 |
| Average assets | o | 233432 | 230529 | 223706 | 229266 | 219800 |
| ROA | n/o | 0.99% | 0.98% | 1.25% | 0.96% | 1.26% |
| Adjusted ROA (non-GAAP) | p/o | 1.10 | 1.01 | 1.14 | 1.03 | 1.30 |
| **PPNR ROA** |  |  |  |  |  |  |
| PPNR (non-GAAP) | l | $865 | $942 | $891 | $3485 | $4023 |
| Annualized PPNR | q = l annualized | 3430 | 3738 | 3545 | 3485 | 4023 |
| Adjusted PPNR (non-GAAP) | m | 883 | 973 | 957 | 3650 | 4271 |
| Annualized adjusted PPNR | r = m annualized | 3504 | 3860 | 3809 | 3650 | 4271 |
| PPNR ROA (non-GAAP) | q/o | 1.47% | 1.62% | 1.58% | 1.52% | 1.83% |
| Adjusted PPNR ROA (non-GAAP) | r/o | 1.50 | 1.67 | 1.70 | 1.59 | 1.94 |
| **ROE and ROTCE** |  |  |  |  |  |  |
| Annualized net income available to common stockholders | s = b annualized | $2247 | $2196 | $2727 | $2149 | $2716 |
| Annualized adjusted net income available to common stockholders | t = e annualized | $2515 | $2275 | $2499 | $2313 | $2796 |
| Average stockholders' equity (GAAP) |  | $22197 | $22291 | $22598 | $22357 | $22297 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: average preferred stock |  | 1117 | 881 | 881 | 940 | 881 |
| Average common stockholders' equity | u | $21080 | $21410 | $21717 | $21417 | $21416 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: average goodwill |  | 346 | 346 | 346 | 346 | 346 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: average other intangible assets |  | 204 | 216 | 259 | 223 | 283 |
| Average tangible common equity (non-GAAP) | v | $20530 | $20848 | $21112 | $20848 | $20787 |
| ROE | s/u | 10.66% | 10.26% | 12.56% | 10.03% | 12.68% |
| Adjusted ROE (non-GAAP) | t/u | 11.93 | 10.62 | 11.51 | 10.80 | 13.06 |
| ROTCE (non-GAAP) | s/v | 10.94 | 10.53 | 12.92 | 10.31 | 13.07 |
| Adjusted ROTCE (non-GAAP) | t/v | 12.25 | 10.91 | 11.84 | 11.09 | 13.45 |
| **Tangible common equity to tangible assets at period end** |  |  |  |  |  |  |
| Stockholders' equity (GAAP) | w | $22238 | $21986 | $22228 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: preferred stock |  | 1375 | 881 | 881 |  |  |
| Common equity | x | $20863 | $21105 | $21347 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: goodwill |  | 346 | 346 | 346 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: other intangible assets |  | 195 | 208 | 249 |  |  |
| Tangible common equity (non-GAAP) | y | $20322 | $20551 | $20752 |  |  |
| Total assets (GAAP) | z | 229698 | 233488 | 223720 |  |  |
| Tangible assets (non-GAAP) | aa | 229157 | 232934 | 223125 |  |  |
| Total equity to total assets (GAAP) | w/z | 9.68% | 9.42% | 9.94% |  |  |
| Tangible common equity to tangible assets (non-GAAP) | y/aa | 8.87 | 8.82 | 9.30 |  |  |
| *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Dollars in millions, except share and per share data* |  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Year Ended December 31,** | **Year Ended December 31,** |
| **Non-GAAP Reconciliations (continued)** |  | **December 31, 2025** | **September 30, 2025** | **December 31, 2024** | **2025** | **2024** |
| **Book value and tangible book value per common share at period end** |  |  |  |  |  |  |
| Common shares outstanding at period end | bb | 12139159 | 12618629 | 13717621 |  |  |
| Book value per share | x/bb | $1718.71 | $1672.54 | $1556.16 |  |  |
| Tangible book value per common share (non-GAAP) | y/bb | 1674.11 | 1628.64 | 1512.77 |  |  |
| **Efficiency ratio** |  |  |  |  |  |  |
| Net interest income | cc | $1722 | $1734 | $1709 | $6814 | $7143 |
| Efficiency ratio (GAAP) | j / (h + cc) | 64.53% | 61.27% | 63.01% | 63.48% | 58.77% |
| Adjusted efficiency ratio (non-GAAP) | k / (i + cc) | 60.79 | 56.78 | 56.98 | 58.77% | 53.01% |
| **Rental income on operating lease equipment** |  |  |  |  |  |  |
| Rental income on operating lease equipment (GAAP) |  | $281 | $273 | $272 | $1096 | $1048 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: depreciation on operating lease equipment |  | 102 | 98 | 101 | 398 | 394 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: maintenance and other operating lease expenses |  | 64 | 67 | 55 | 244 | 219 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus: accelerated depreciation on impaired operating lease equipment |  |  |  | 4 |  | 4 |
| Adjusted rental income on operating lease equipment (non-GAAP) |  | $115 | $108 | $120 | $454 | $439 |
| **Net interest income & Net interest margin** |  |  |  |  |  |  |
| Net interest income (GAAP) | cc | $1722 | $1734 | $1709 | $6814 | $7143 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loan PAA | dd | 59 | 71 | 90 | 289 | 505 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other PAA | ee | (10) | (10) | (8) | (38) | (24) |
| PAA | ff = (dd + ee) | $49 | $61 | $82 | $251 | $481 |
| Net interest income, excluding PAA (non-GAAP) | gg = (cc - ff) | $1673 | $1673 | $1627 | $6563 | $6662 |
| Annualized net interest income | hh = cc annualized | $6834 | $6878 | $6798 | $6814 | $7143 |
| Annualized net interest income, excluding PAA | ii = gg annualized | 6640 | 6637 | 6472 | 6563 | 6662 |
| Average interest-earning assets | jj | 213294 | 211042 | 204779 | 209658 | 201578 |
| NIM (GAAP) | hh/jj | 3.20% | 3.26% | 3.32% | 3.25% | 3.54% |
| NIM, excluding PAA (non-GAAP) | ii/jj | 3.11 | 3.15 | 3.16 | 3.13 | 3.30 |
| Interest income on loans (GAAP) |  | $2290 | $2300 | $2322 | $9096 | $9528 |
| &nbsp;&nbsp;&nbsp;Less: loan PAA | dd | 59 | 71 | 90 | 289 | 505 |
| Interest income on loans, excluding loan PAA (non-GAAP) |  | $2231 | $2229 | $2232 | $8807 | $9023 |
| *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* | *Note: Certain items above do not precisely recalculate as presented due to rounding.* |

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