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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 Growth41.10%48.30%71.18%8.53%
Loans/Deposits86.40%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 Margin3.66%5.08%5.32%5.69%
Efficiency Ratio48.60%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/AN/AN/A11.74%
Tier 1 Risk-Based**N/AN/AN/A11.74%
Total Risk-Based**N/AN/AN/A12.99%
12/31/20
YTD
12/31/21
YTD
12/31/22
YTD
12/31/23
YTD
Non-Performing Loans1.46%0.33%0.17%2.35%
Non-Performing Assets1.19%0.30%0.16%1.67%
Loan Loss Reserves/Loans2.11%1.89%1.53%1.55%
Loan Loss Reserves/NPLs144.30%556.10%884.22%67.96%
Texas Ratio9.80%2.80%2.65%16.48%
12/31/20
YTD
12/31/21
YTD
12/31/22
YTD
12/31/23
YTD
Full-Time Employees147174247276
12/31/20
YTD
12/31/21
YTD
12/31/22
YTD
12/31/23
YTD
IDC300300300275
Egan Jones RatingAAAA
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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