Financial Information - CFG Bank

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Please note: The CFG office and branches will be closed on Monday, January 20th for Martin Luther King, Jr. Day. Please use online banking for your banking needs.

As the largest bank headquartered in Baltimore, CFG Bank has:

“A” rating from Egan Jones
Ranked #2 in the country by S&P Global Market Intelligence for best-performing community banks with assets between $3 billion and $10 billion, in the large community bank category, in 2022
National ranking by the Independent Community Bankers of America, as a top performing bank as part of its annual “Best of the Best” list
An A+ health rating from DepositAccounts.com

Q3 2024 S&P Global | CFG Bank Regulatory Financial Highlights

	12/31/21 YTD	12/31/22 YTD	12/31/23 YTD	3/31/24 YTD	6/30/24 YTD	9/30/24 YTD
Total Assets ($000s)	$2,634,154	$4,255,659	$5,026,379	$5,058,460	$5,162,840	$5,266,973
Total Loans ($000s)	$1,915,628	$3,279,118	$3,558,866	$3,564,182	$3,560,648	$3,604,688
Total Deposits ($000s)	$2,225,121	$3,798,738	$4,379,207	$4,395,016	$4,490,133	$4,570,474
Loan Growth	48.30%	71.18%	8.53%	0.15%	0.05%	1.29%
Loans/Deposits	86.10%	86.32%	81.27%	81.10%	79.30%	78.87%

	12/31/21 YTD	12/31/22 YTD	12/31/23 YTD	3/31/24 YTD	6/30/24 YTD	9/30/24 YTD
Net Income ($000s)*	$76,423	$118,681	$130,389	$32,763	$53,213	$66,850
ROAA*	3.68%	3.48%	2.71%	2.64%	2.11%	1.74%
ROAE*	35.07%	39.17%	29.74%	24.13%	19.30%	15.91%
Net Interest Margin	5.08%	5.32%	5.69%	5.03%	4.91%	4.84%
Efficiency Ratio	42.17%	36.72%	43.26%	40.52%	40.87%	45.96%

	12/31/21 YTD	12/31/22 YTD	12/31/23 YTD	3/31/24 YTD	6/30/24 YTD	9/30/24 YTD
Community Bank Leverage Ratio (Tier 1 Leverage)**	10.46%	9.42%	10.77%	11.27%	11.23%	11.21%
Common Equity Tier 1 Risk-Based**	N/A	N/A	10.62%	11.21%	11.55%	12.21%
Tier 1 Risk-Based**	N/A	N/A	10.62%	11.21%	11.55%	12.21%
Total Risk-Based**	N/A	N/A	11.80%	12.42%	12.78%	13.46%

	12/31/21 YTD	12/31/22 YTD	12/31/23 YTD	3/31/24 YTD	6/30/24 YTD	9/30/24 YTD
Non-Performing Loans	0.33%	0.17%	2.35%	2.34%	7.37%	8.55%
Non-Performing Assets	0.30%	0.16%	1.67%	1.65%	5.48%	6.20%
Loan Loss Reserves/Loans	1.89%	1.53%	1.55%	1.60%	1.64%	1.66%
Loan Loss Reserves/NPLs	556.10%	884.22%	65.98%	68.16%	20.68%	18.28%
Texas Ratio	2.83%	1.65%	14.20%	13.74%	27.80%	25.25%

	12/31/21 YTD	12/31/22 YTD	12/31/23 YTD	3/31/24 YTD	6/30/24 YTD	9/30/24 YTD
Full-Time Employees	174	247	276	288	303	294

	12/31/21 YTD	12/31/22 YTD	12/31/23 YTD	3/31/24 YTD	6/30/24 YTD	9/30/24 YTD
IDC	300	300	275	300	262	234
Egan Jones Rating	A	A	A	A	A	A

SOURCE: S&P GLOBAL MARKET INTELLIGENCE DERIVED FROM SELECTED FFIEC CALL REPORT DATA FOR THE PERIODS PRESENTED.

*THESE PERFORMANCE MEASURES REFLECT S CORPORATION EARNINGS THROUGH 5/31/2023. BEGINNING 6/1/2023, CFG BANK CONVERTED TO A C CORPORATION AND SUBSEQUENT EARNINGS ARE TAX EFFECTED ACCORDINGLY.

**EFFECTIVE WITH THE FILING OF THE 12/31/23 CALL REPORT, CFG BANK ELECTED TO REPORT CAPITAL RATIOS IN ACCORDANCE WITH BASEL III INSTEAD OF REPORTING THE COMMUNITY BANK LEVERAGE RATIO PER REGULATORY GUIDANCE.

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