Financial Information - CFG Bank

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Our HQ has moved to Baltimore Peninsula! Correspondence will come from our new address, 2455 House Street, Baltimore, MD 21230. Phone numbers have not changed. Our Lutherville, Annapolis, and Fells Point branches remain open as normal. If you have any questions, please reach out to your CFG team or info@CFG.bank. Learn more HERE.

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

“A” rating from Egan Jones
300/300 “Superior” IDC Rating
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 2023 S&P Global | CFG Bank Regulatory Financial Highlights

	12/31/20 YTD	12/31/21 YTD	12/31/22 YTD	12/31/23 YTD
Total Assets ($000s)	$1,714,351	$2,634,154	$4,255,659	$5,027,779
Total Loans ($000s)	$1,291,544	$1,915,628	$3,279,118	$3,558,866
Total Deposits ($000s)	$1,494,580	$2,225,121	$3,798,738	$4,379,207
Loan Growth	41.10%	48.30%	71.18%	8.53%
Loans/Deposits	86.40%	86.10%	86.32%	81.27%

	12/31/20 YTD	12/31/21 YTD	12/31/22 YTD	12/31/23 YTD
Net Income ($000s)*	$34,874	$76,423	$118,681	$131,427
ROAA*	2.10%	3.68%	3.48%	2.73%
ROAE*	20.36%	35.07%	39.17%	29.97%
Net Interest Margin	3.66%	5.08%	5.32%	5.69%
Efficiency Ratio	48.60%	42.17%	36.72%	42.74%

	12/31/20 YTD	12/31/21 YTD	12/31/22 YTD	12/31/23 YTD
Community Bank Leverage Ratio (Tier 1 Leverage)**	9.22%	10.46%	9.42%	10.79%
Common Equity Tier 1 Risk-Based**	N/A	N/A	N/A	11.74%
Tier 1 Risk-Based**	N/A	N/A	N/A	11.74%
Total Risk-Based**	N/A	N/A	N/A	12.99%

	12/31/20 YTD	12/31/21 YTD	12/31/22 YTD	12/31/23 YTD
Non-Performing Loans	1.46%	0.33%	0.17%	2.35%
Non-Performing Assets	1.19%	0.30%	0.16%	1.67%
Loan Loss Reserves/Loans	2.11%	1.89%	1.53%	1.55%
Loan Loss Reserves/NPLs	144.30%	556.10%	884.22%	67.96%
Texas Ratio	9.80%	2.80%	2.65%	16.48%

	12/31/20 YTD	12/31/21 YTD	12/31/22 YTD	12/31/23 YTD
Full-Time Employees	147	174	247	276

	12/31/20 YTD	12/31/21 YTD	12/31/22 YTD	12/31/23 YTD
IDC	300	300	300	275
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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