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ANNOUNCES PLANS TO ELIMINATE BANK HOLDING COMPANY STRONG C&I MOMENTUM AS NEW LOAN ORIGINATIONS INCREASE 57% AND NEW COMMITMENTS RISE 80% ON A LINKED-QUARTER BASIS CRITICIZED & CLASSIFIED ASSETS DECLINE 9% FROM PRIOR QUARTER AND 15% OVER FIRST HALF OF YEAR CREDIT COSTS MODERATING AS PROVISION FOR CREDIT LOSSES DECLINED COMPARED TO FIRST QUARTER RECORD PAR PAYOFFS INCLUDING 45% IN SUBSTANDARD LOANS DRIVE CRE EXPOSURE LOWER DISCIPLINED EXPENSE MANAGEMENT PUSHES ADJUSTED OPERATING EXPENSES DOWN 5% COMPARED TO PRIOR QUARTER - ON TRACK TO MEET EXPENSE SAVE GOALS NET INTEREST MARGIN INCREASED COMPARED TO PRIOR QUARTER MAINTAINED STRONG CAPITAL AND LIQUIDITY POSITIONS Second Quarter 2025 Summary Asset Quality Loans and Deposits • Non-accrual loans declined 4% compared to Q1'25 • Criticized loans declined $2.2 billion or 15% since December 31, 2024 • Par pay-offs totaled $1.5 billion, up ~80%, with 45% of them being substandard loans • Total ACL of $1,162 million or 1.81% of total loans HFI compared to 1.82% last quarter • Multi-family ACL coverage of 1.68% • Multi-family ACL coverage for rent-regulated units equal to or greater than 50% of 2.88% • NCOs to average loans relatively stable at 0.72% • CRE exposure down $2.4 billion or 5% compared to Q1'25 • Multi-family loans down $1.5 billion or 5% • CRE loans declined $874 million or 8% • Continued momentum in C&I lending • Focus area growth of 12% compared to 4% in Q1'25 • New commitments of $1.9 billion, up 80% vs. Q1'25 • Originations of $1.2 billion, up 57% vs.
