Financial Information - CFG Bank

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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

Q4 2024 S&P Global | CFG Bank Regulatory Financial Highlights

	12/31/21 YTD	12/31/22 YTD	12/31/23 YTD	12/31/24 YTD
Total Assets ($000s)	$2,634,154	$4,255,659	$5,026,379	$5,400,229
Total Loans ($000s)	$1,915,628	$3,279,118	$3,558,866	$3,662,068
Total Deposits ($000s)	$2,225,121	$3,798,738	$4,379,207	$4,740,372
Loan Growth	48.30%	71.18%	8.53%	2.90%
Loans/Deposits	86.10%	86.32%	81.27%	77.25%

	12/31/21 YTD	12/31/22 YTD	12/31/23 YTD	12/31/24 YTD
Net Income ($000s)*	$76,423	$118,681	$130,389	$64,829
ROAA*	3.68%	3.48%	2.71%	1.26%
ROAE*	35.07%	39.17%	29.74%	11.50%
Net Interest Margin	5.08%	5.32%	5.69%	4.60%
Efficiency Ratio	42.17%	36.72%	43.26%	44.43%

	12/31/21 YTD	12/31/22 YTD	12/31/23 YTD	12/31/24 YTD
Community Bank Leverage Ratio (Tier 1 Leverage)**	10.46%	9.42%	10.77%	10.92%
Common Equity Tier 1 Risk-Based**	N/A	N/A	10.62%	11.61%
Tier 1 Risk-Based**	N/A	N/A	10.62%	11.61%
Total Risk-Based**	N/A	N/A	11.80%	12.77%

	12/31/21 YTD	12/31/22 YTD	12/31/23 YTD	12/31/24 YTD
Non-Performing Loans	0.33%	0.17%	2.35%	10.02%
Non-Performing Assets	0.30%	0.16%	1.67%	7.69%
Loan Loss Reserves/Loans	1.89%	1.53%	1.55%	1.52%
Loan Loss Reserves/NPLs	556.10%	884.22%	65.98%	22.73%
Texas Ratio	2.83%	1.65%	14.20%	47.68%

	12/31/21 YTD	12/31/22 YTD	12/31/23 YTD	12/31/24 YTD
Full-Time Employees	174	247	276	297

	12/31/21 YTD	12/31/22 YTD	12/31/23 YTD	12/31/24 YTD
IDC	300	300	275	198
Egan Jones Rating	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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