First Quarter 2024 Earnings Presentation

• Highlighted results:
• • Completed the Ametros acquisition on January 24th
  • Loans up $0.4 billion or 0.7%
  • Core deposit growth of $1.5 billion, and $0.4 billion in retail CDs
  • Efficiency ratio of 45.3%
  • Adjusted ROAA 1.26%
  • Adjusted ROATCE 17.85%
• Reported results include (pre-tax):
• • FDIC special assessment estimate of $11.9 million
  • Ametros acquisition expenses of $3.1 million
  • Securities repositioning loss of $9.8 million
  • Net gain on sale of MSRs of $11.7 million
  • Discrete tax adjustment of $10.9 million (after-tax)
• NIM of 3.35%, down 7 bps, reflective of loan and deposit mix
• Capital:
• • CET1 of 10.51%1
  • TCE of 7.15%

Adjusted results are non-GAAP. See non-GAAP reconciliations on pages 6 and 35 through 39.

• Preliminary. Represents the estimated ratios for the current period inclusive of CECL regulatory capital transition provisions.

REPORTED

$331.2M

PPNR

$212.2M

NET INCOME AVAILABLE TO COMMON

$1.23

DILUTED EPS

1.15%

ROAA

10.01%

ROACE

16.30%

ROATCE

ADJUSTED

$344.4M

PPNR

$233.0M

NET INCOME AVAILABLE TO COMMON

$1.35

DILUTED EPS

1.26%

ROAA

11.00%

ROACE

17.85%

ROATCE

gathering in select verticals

• Tech-enabledcash sweep program administrator for broker-dealers

Corporate

• Specialized treasury activities

Key

Benefits

Investor CRE Portfolio

Portfolio Characteristics

• Portfolio balance of $20 billion (excluding owner-occupied)
• Weighed Average LTV / Amortizing DSCR of 56% / 1.5x
• Classified / Non-Accrual rates of 1.5% / 0.1%

Rent Regulated Multifamily Detail

• $1.5 billion in exposure represents properties where > 50% of NOI is RR; $117 million in additional exposure where RR NOI between 30-50%
• Classified / Non-Accrual rates of 0.1% / 0.1%
• Diverse book with only 7 exposures >$15 million (average $3.5 million)
• ~65% of balances originated in 2019 or later
• Remaining maturities of $99 million in 2024; largest loan of $57 million resolved in 1Q with paydown of loan to produce 1.25x DSCR at market rate
• Maturities of $56 million in 2025

Traditional Office Detail

• $1 billion in exposure, have proactively reduced exposure by > 40% (~$700 million) since 1H22
• Classified / Non-Accrual rates of 12% / 0.0%
• NYC exposure: $217 million; only $37 million Criticized, no Classified loans
• Class A vs. Class B: ~52/48 split
• 2024 / 2025 Lease roll: ~10% / ~14%
• Portion of portfolio with recourse is ~75% (increased through extensions)
• Remaining maturities of $260 million in 2024
• Maturities of $158 million in 2025

Loans

($ in millions, balances end of period)

Loan Growth of 0.7% LQ

LQ growth of $0.4 billion or 0.7%

• Total loans up $0.4 billion from the prior quarter, with growth driven by commercial real estate
• Floating and periodic to total loans ratio1 of 59%
• Loan balance comprised of 81% commercial loans and 19% consumer loans
• Loan yield was flat to prior quarter
• Total loans excludes $0.2 billion of payroll finance and factoring loans that were moved to held for sale during the quarter

YOY growth of $0.2 billion or 0.3%

• Growth in commercial loans of 0.1% and consumer loans of 1.3%
• Loan yield increased 44 bps

($ in millions, balances end of period)

Deposit Decline of 0.1% LQ

• Comprised of HSA Bank and Ametros
  2 Includes interLINK

LQ decrease of $36.5 million or 0.1%

• Core deposit growth of $1.5 billion and retail CD growth of $0.4 billion offset by a decrease in brokered deposits
• Deposit costs increased 8 bps to 2.23%, which reflects continued deposit repricing and category mix shift
• Period end deposit composition: 31% transactional, 16% HSA, and 53% non-transactional deposits

YOY growth of $5.5 billion or 9.9%

• Public funds decreased $0.7 billion
• Commercial Banking up $0.5 billion
• Healthcare Financial Services up $1.2 billion
• Deposit costs increased 112 bps to 2.23%, driven by a rising rate environment and growth in higher rate categories
• Cumulative cycle to date total beta of 41%

Historical Cost of Total Deposits

Betas Lagged Early in the Cycle

Forecasted Cumulative Deposit Beta

15%

10%

0.60%

4%

0.09% 0.28%

24%

1.11%

40%

37%

34%

41%

42%

Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024

Note: The cycle starts in Q1 2022