Financial Information - CFG Bank

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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 #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

Q2 2023 S&P Global | CFG Bank Regulatory Financial Highlights

	12/31/20 YTD	12/31/21 YTD	12/31/22 YTD	6/30/23 YTD
Total Assets ($000s)	$1,714,351	$2,634,154	$4,255,659	$5,075,789
Total Loans ($000s)	$1,291,544	$1,915,628	$3,279,118	$3,596,281
Total Deposits ($000s)	$1,494,580	$2,225,121	$3,798,738	$4,523,257
Loan Growth	41.10%	48.30%	71.18%	19.34%
Loans/Deposits	86.40%	86.10%	86.32%	79.51%

	12/31/20 YTD	12/31/21 YTD	12/31/22 YTD	6/30/23 YTD
Net Income ($000s)*	$34,874	$76,423	$118,681	$79,564
ROAA*	2.10%	3.68%	3.48%	3.47%
ROAE*	20.36%	35.07%	39.17%	39.03%
Net Interest Margin	3.66%	5.08%	5.32%	5.82%
Efficiency Ratio	48.60%	42.17%	36.72%	42.58%

	12/31/20 YTD	12/31/21 YTD	12/31/22 YTD	6/30/23 YTD
Community Bank Leverage Ratio	9.22%	10.46%	9.42%	9.36%

	12/31/20 YTD	12/31/21 YTD	12/31/22 YTD	6/30/23 YTD
Non-Performing Loans	1.46%	0.33%	0.17%	1.47%
Non-Performing Assets	1.19%	0.30%	0.16%	1.04%
Loan Loss Reserves/Loans	2.11%	1.89%	1.53%	1.60%
Loan Loss Reserves/NPLs	144.30%	556.10%	884.22%	110.55%
Texas Ratio	9.80%	2.80%	2.65%	10.62%

	12/31/20 YTD	12/31/21 YTD	12/31/22 YTD	6/30/23 YTD
Full-Time Employees	147	174	247	258

	12/31/20 YTD	12/31/21 YTD	12/31/22 YTD	6/30/23 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 THROUGH 5/31/23 AND ARE ACCORDINGLY NOT TAX EFFECTED. BEGINNING 6/1/23, CFG BANK CONVERTED TO A C CORPORATION AND SUBSEQUENT EARNINGS ARE TAX EFFECTED ACCORDINGLY.

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