Financial Information - CFG Bank

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In light of recent banking industry news, please find a letter from our President and CEO Bill Wiedel here.

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

“A” rating from Egan Jones
300/300 “Superior” IDC Rating
Ranked #11 in the country by S&P Global Market Intelligence for best-performing community banks with less than $3 billion in assets in 2021
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 2022 S&P Global | CFG Bank Regulatory Financial Highlights

	12/31/19 YTD	12/31/20 YTD	12/31/21 YTD	12/31/22 YTD
Total Assets ($000s)	$1,226,251	$1,714,351	$2,634,154	$4,253,159
Total Loans ($000s)	$915,454	$1,291,544	$1,915,628	$3,276,618
Total Deposits ($000s)	$1,044,098	$1,494,580	$2,225,121	$3,798,738
Loan Growth	31.5%	41.1%	48.3%	71.1%
Loans/Deposits	87.7%	86.4%	86.1%	86.3%

	12/31/19 YTD	12/31/20 YTD	12/31/21 YTD	12/31/22 YTD
Net Income ($000s)*	$19,968	$34,874	$76,423	$114,181
ROAA*	1.95%	2.10%	3.68%	3.35%
ROAE*	11.91%	20.36%	35.07%	37.76%
Net Interest Margin	4.82%	3.66%	5.08%	5.32%
Efficiency Ratio	62.97%	48.60%	42.17%	38.13%

	12/31/19 YTD	12/31/20 YTD	12/31/21 YTD	12/31/22 YTD
Risk-Based Capital Ratio**	15.27%	N/A	N/A	N/A
Tier 1 Risk-Based Ratio**	14.00%	N/A	N/A	N/A
Leverage Ratio	12.65%	9.22%	10.46%	9.31%

	12/31/19 YTD	12/31/20 YTD	12/31/21 YTD	12/31/22 YTD
Non-Performing Loans	0.99%	1.46%	0.33%	0.17%
Non-Performing Assets	0.74%	1.19%	0.30%	0.16%
Loan Loss Reserves/Loans	2.06%	2.11%	1.89%	1.53%
Loan Loss Reserves/NPLs	208.1%	144.3%	556.1%	884.2%
Texas Ratio	5.6%	9.8%	2.8%	2.7%

	12/31/19 YTD	12/31/20 YTD	12/31/21 YTD	12/31/22 YTD
Full-Time Employees	132	147	174	247

	12/31/19 YTD	12/31/20 YTD	12/31/21 YTD	12/31/22 YTD
IDC	300	300	300	300
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 AND ARE ACCORDINGLY NOT TAX EFFECTED.

**EFFECTIVE WITH THE FILING OF THE 9/30/20 CALL REPORT, CFG BANK ELECTED THE COMMUNITY BANK LEVERAGE.
RATIO AND THE RISK-BASED AND TIER 1 RISK-BASED CAPITAL RATIOS WERE NO LONGER REQUIRED.

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