Financial Information - CFG Bank

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In observance of Martin Luther King Jr. Day, the CFG offices and branches will be closed on Monday, January 19, 2026. Online and mobile banking services will be available for your banking needs.

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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