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1First BanCorp Financial Results First Quarter 2026 April 22, 2026

Forward Looking Statements This presentation contains “forward

-looking statements” concerning the Corporation’s future economic,

operational and financial performance. The words or phrases

“expect,” “anticipate,” “intend,” “should,” “would,” “will,” “plans,”

“forecast,” “believe” and similar expressions are meant to identify

“forward-looking statements” within the meaning of Section 27A

of the Securities Act of 1933, as amended, and Section 21E

of the Securities Exchange Act of 1934, as amended, and are

subject to the safe harbor created by such sections. The Corporation cautions

readers not to place undue reliance on any such forward

-looking statements, which speak only as of the date hereof, and advises readers

that any such forward-looking statements are not guarantees of future

performance and involve certain risks, uncertainties, estimates

and assumptions by us that are difficult to predict. Various

factors, some of which are beyond our control, including, but not

limited to, the uncertainties more fully discussed in Part I, Item

1A, “Risk Factors” of the Corporation’s Annual Report on Form

10-K for the year ended December 31, 2025, and the following, could

cause actual results to differ materially from those expressed in,

or implied by, such forward-looking statements: the effect

of the current global interest rate environment (including the potential for

ongoing reductions in interest rates) and inflation levels on the level, composition

and performance of the Corporation’s assets and liabilities, and

corresponding effects on the Corporation’s net interest income,

net interest margin, loan originations, deposit attrition, overall

results of operations, and liquidity position; the effects

of changes in the interest rate environment, including any adverse

change in the Corporation’s ability to attract and retain clients and

gain acceptance from current and prospective customers for new

products and services,

including those related to the offering of digital banking and financial

services; volatility in the financial services industry, which could

result in, among other things, bank deposit runoffs, liquidity

constraints, and increased regulatory requirements and costs;

uncertainty as to the ability of FirstBank to retain its core deposits

and generate sufficient cash flow through its wholesale funding

sources, which may require us to sell investment securities at a loss;

the impacts of natural or man-made disasters, widespread health emergencies,

geopolitical conflicts (including sanctions, war or armed conflict

such as the ongoing conflict in Ukraine, ongoing conflicts in the

Middle East, such as the war in Iran); adverse changes in general

political and economic conditions in Puerto Rico, the U.S., and the U.S.

and British Virgin Islands, including in the interest rate

environment, unemployment rates, market liquidity, housing absorption

rates, real estate markets and U.S. capital markets; general competitive

factors and other market risks as well as the implementation of existent

or planned strategic growth opportunities, including risks, uncertainties,

and other factors or events related to any business acquisitions, dispositions

strategic partnerships, strategic operational investments including

system conversions, and any anticipated efficiencies or other

expected results related thereto; the impact of litigation or the threat

of litigation, including any settlements or judgments

against the Corporation, and the potential resulting liabilities,

costs, negative publicity or other reputational harm; the effects of

asserted and unasserted claims and the extent of available insurance

coverage; uncertainty as to the implementation of the debt restructuring

plan of Puerto Rico and the Fiscal Plan for Puerto Rico as certified

on June 6, 2025 by the Financial Oversight and Management Board

for Puerto Rico, or any revisions to it, on our clients and

loan portfolios, and any potential impact from future economic or political

developments and tax regulations in Puerto Rico; the impact of government

financial assistance for hurricane recovery and other

disaster relief on economic activity in Puerto Rico; the timing of sales of

properties from our other real estate owned (“OREO”) portfolio;

the impacts of applicable legislative, tax or regulatory changes

on the Corporation’s financial condition or performance;

and the effect of continued changes in the fiscal, monetary, and trade

policies and regulations of the U.S. federal government, the Puerto

Rico government and other governments. The Corporation does

not undertake and specifically disclaims any obligation to

update any “forward-looking statements” to reflect occurrences

or unanticipated events or circumstances after the date of such statements, except

as required by the federal securities laws. Non-GAAP Financial

Measures In addition to the Corporation’s financial information

presented in accordance with GAAP, management uses

certain “non-GAAP” financial measures” within the meaning

of Regulation G promulgated by the SEC, to clarify and enhance

understanding of past performance and prospects for the future. Please

refer to pages 14-16 for a reconciliation of GAAP to non-GAAP measures

and calculations. 2

Agenda 1 1Q 2026 – Quarter Highlights Aurelio Alemán, President

and Chief Executive Officer 2 1Q 2026 – Results of Operations

Orlando Berges, Executive Vice President and Chief Financial Officer

3 1Q 2026 – Questions and Answers 3

First Quarter 2026 – Performance Highlights Profitability Net income

of $88.8 million ($0.57 per diluted share), compared to $87.1

million ($0.55 per diluted share) in 4Q 2025 Net interest income

decreased to $221.0 million but the margin grew by 7 basis points reaching

4.75% On a non-GAAP basis, record adjusted pre-tax, pre-provision

income of $131.4 million, up 1.7% when compared to 4Q 2025 Consistent

expense management discipline resulted in an efficiency ratio

of 49.1% vs. 49.3% in 4Q 2025 Balance Sheet Total loans

decreased slightly to $13.1 billion mainly driven by expected

reductions in consumer loan balances in Puerto Rico Core deposits, other

than brokered and fully collateralized government deposits, increased

by $158.5 million (1.2% vs. prior quarter) Fully collateralized government

deposits decreased by $146.3 million to $2.9 billion Asset Quality Non

-performing assets (“NPA”) ratio decreased to 0.57% and

annualized net charge-offs to average loans increased by 2 bps

to 0.65% Allowance for credit losses (“ACL”) coverage

ratio on loans and leases decreased by 3 bps to 1.87% Liquidity and Capital

Loans in early delinquency (30-89 days past due) decreased

by 24% to $110.5 million compared to $145.0 million in 4Q 2025

Total available liquidity sources of approximately $6.5 billion

or 1.3x of uninsured deposits (excluding fully collateralized

govt. deposits) Repurchased $50.0 million in common stock and declared

$31.5 million in common stock dividends; CET1 remains strong and

above well-capitalized levels at 16.9% On a non-GAAP basis, tangible

book value per share grew by 1.3% to $12.45 and tangible

common equity ratio reached 10.11% 4

First Quarter 2026 – Strong Operating Results 1Q 2026 Franchise Highlights

and Priorities 1 ROAA: 1.89% ROACE: 17.92% 2 NPA

Ratio: 0.57% ACL Coverage: 1.87% 3 CET1 Ratio:16.9% Net

Payout: 92% Operating Environment Stable economic backdrop on the

back of an encouraging labor market (5.7% unemployment rate

as of January 2026), encouraging reshoring activity, and

reconstruction efforts Sector-specific tariffs impacting auto

industry-wide sales; year-to-date retail auto sales ~19% lower than same

period in 2025 (March 2025 auto sales impacted by pre-tariff

frontloading effect) Business Highlights Linked-quarter loan originations

declined by 10% but increased by 6% when compared to the first

quarter of 2025; core customer deposits grew by 4.9% on a linked-quarter

annualized basis Active digital banking users grew by 5% year

-over-year, and over 95% of deposit transactions captured through digital

and self-service channels Deploying AI to enhance our capabilities

and the way we serve our clients by focusing on automating routine

tasks to drive operational efficiency and improve customer experience

Strategic Priorities Selectively grow market share in core business segments

while sustaining operational leverage and safeguarding asset quality

Remain focused on delivering 3%-5% organic loan growth, sustaining

a 52% efficiency ratio, maintaining strong profitability,

and returning close to 100% of annual earnings back to shareholders

Continue our franchise and technology investments towards

improving interaction with customers by providing a seamless experi

ence through multiple channels, including an expanded branch

network Operating Environment PR Economic Activity Index

(EAI)(1) 120.7 111.1 128.8 127.6 127.6 127.9 128.3 127.9

-0.1% -7.8% 0.2% -1.3% -0.7% -0.5% -0.4% 0.2% 1Q20 2Q20 3Q24

4Q24 1Q25 2Q25 3Q25 4Q25 Steady Economic Environment.

+0.4% Real GNP Growth in FY2025; latest EAI reading showing +0.2%

YoY growth in 4Q 2025 and +0.3% in January 2026

Resilient Labor Market. Steady PR unemployment rate at 5.7%

Encouraging Reshoring Activity. Announced expansion plans

equivalent to a $2.2B investment and +4K jobs committed

in PR Disaster Recovery. Ongoing federal disbursements,

mainly from FEMA and HUD (CDBG) to continue supporting reconstruction

efforts and overall economy (1) Puerto Rico Economic Development

Bank (EDB) and Bureau of Labor Statistics. 5

Results of Operations

Income Statement and Selected Financial Data I 10 2026 I vl 40n (0

F ($ in thousands, except per share data and financial ratios) Interest

income S 279,849 S 285,158 $ (5,309) S 277,065 Interest expense

58,893 62,390 (3,497) 64,668 Net interest income 220,956 222,768

(1,812) 212,397 Provision for credit losses 17,273 22,971 (5,698) 24,8

10 Total non-interest income 37,685 34,400 3,285 35,734

Personnel expense 65,299 63,196 2,103 62,137 Occupancy and equipment

expense 22,063 21,797 266 22,630 Professional service fees

12,912 13,111 (199) 11,486 FDIC deposit insurance 2,058 961

1,097 2,236 Net (gain) on OREO operations (937) (838) (99) (1,129)

Other non-interest expenses 25,710 28,643 _2,933) 25,662 Total

non-interest expenses 127,1 05 126,870 23 5 123,022 Pre-tax income

114,263 107,327 6,936 100,299 Income tax expense 25,485 20,226

5,259 23,240 Net i ncome $ 88,778 $ 87,101 $ 1,677 $ 77,059

Selected Financial Data: Adjusted pre-tax, pre-provision income

(Non-GAAP) S 131,444 S 129,199 2,245 S 125,109 Fully diluted EPS

S 0.57 S 0.55 0.02 S 0.47 Tangible bookvaue per share

S 12.45 S 12.29 0.16 S 10.64 Common stock price as of end of

period S 21.36 S 20.73 0.63 S 19.17 Dividend payout ratio 34.98%

32.40% 2.58% 38.06% Net interest Margin (GAAP) 4.75% 4.68%

0.07% 4.52% Efficiency ratio 49.14% 49.33% 0. 19% 49.58%

ROAA 1.89% 1.81% 0.08% 1.64% Non-GAAP Reconciliation –

Selected Data(1) 1Q26 Adjusted Tangible Common Equity Ratio

10.11% 1.64% 11.75% 1Q26 TCE Ratio AOCL Impact

Adj. TCE Ratio 1Q26 Adjusted Tangible Book Value

per Share $12.45 $2.28 $14.73 1Q26 TBVPS AOCL Impact Adj.

TBVPS 1Q26 Adjusted ROACE 17.92% 2.53% 15.39% 1Q26

ROACE AOCL Impact Adj. ROACE (1) Non-GAAP financial measures.

Please refer to the calculation and management’s reason for

using these measures on slides 14-16

titled “First Quarter 2026 - Use of Non-GAAP Financial Measures.”

First Quarter 2026 – Profitability Dynamics Net Interest Income ($MM)

$212.4 $215.9 $217.9 $222.8 $221.0 4.52% 4.56% 4.57% 4.68%

4.75% 1Q25 2Q25 3Q25 4Q25 1Q26 Net Interest Income ($)

Net Interest Margin (GAAP %) Evolution of Loan Yields and

Cost of Funds(1) 7.75% 7.64% 7.62% 7.55% 7.49% 6.22% 6.18% 6.11%

6.09% 6.07% 1.53% 1.46% 1.51% 1.46% 1.42% 1Q25 2Q25 3Q25

4Q25 1Q26 Loan Yields Cost of Funds Key Highlights Net interest

income amounted to $221.0 million, a decrease of $1.8 million

vs. the prior quarter; primarily reflecting the following: A $6.5

million decrease in interest income on loans related to 1) a $4.1

million reduction in interest income on commercial loans partially attributed

to the effect of two less days in the quarter and the downward

repricing of variable-rate loans, partially offset by an increase

associated to higher average commercial balances, 2) a $2.7 million

decrease in interest income on consumer loans attributed to the

effect of two less days in the quarter and lower average consumer

loan balances A $3.3 million decrease in interest expense mostly due

to lower average balances on interest-bearing checking and savings

accounts, lower rates paid during the quarter, and the effect

of two less days in the quarter A $1.2 million increase in interest income

on investments and cash balances due to purchases of higher

yielding investments replacing lower yielding securities resulting in a

22-bps improvement in yield, partially offset by a decrease

in interest income from lower cash balances and the reduction in fed funds

rate Net interest margin increased during the quarter by 7 basis points

to 4.75%, mostly reflecting the improvement from the deployment

of cash flows from lower yielding securities to higher yielding interest

-earning assets and the decrease in the cost of interest-bearing deposits,

partially offset by downward repricing on variable-rate

commercial loans and a decrease of 3 bps associated with interest income

collected on a nonaccrual commercial loan and a prepayment penalty

during the fourth quarter of 2025 (1) Average cost of funds

include cost of all interest-bearing deposits, non-interest-bearing

deposits, and wholesale funding 8

First Quarter 2026 – Profitability Dynamics Non-Interest Income

($MM) $35.7 $31.0 $30.8 $34.4 $37.7 $22.9 $17.7 $17.7 $20.3

$23.7 $3.2 $3.4 $3.3 $4.2 $4.0 $9.6 $9.8 $9.8 $9.9 $9.9 1Q25 2Q25

3Q25 4Q25 1Q26 Other Mortgage Banking Service Charges

on Deposits Key Highlights Non-interest income of $37.7 million, compared

to $34.4 million in prior quarter; the $3.3 million increase was

driven by: The $3.6 million in seasonal contingent commissions recorded

as part of insurance commission income in the first quarter of 2026 based

on the prior year’s production of insurance policies Non-Interest

Expenses ($MM) $123.0 $123.3 $124.9 $126.9 $127.1 -$0.5 $0.0

$1.9 $0.2 -$0.2 $62.1 $60.1 $59.8 $63.2 $65.3 $61.4 $63.2 $63.2

$63.5 $62.0 1Q25 2Q25 3Q25 4Q25 1Q26 Credit Related

Payroll Related Other Operating Expenses Key Highlights Non-interest

expenses of $127.1 million, relatively flat vs. prior quarter due

to: A $2.1 million increase in payroll-related expenses, which

included seasonal increase in payroll taxes and increase in stock-based

compensation expense Partially offset by a $2.4 million decrease

on business promotion expenses due to certain marketing efforts during the fourth

quarter and a $0.4 million decrease in credit and debit card processing

expenses due to expenses reimbursed in the first quarter which

were partially offset by higher transactional volumes Efficiency

ratio relatively stable at 49%, below the 52% operating target

First Quarter 2026 – Asset Quality Repossessed Assets and Other Non-Performing

Loans NPAs/Assets Non-Performing Assets ($MM) $129.4

$128.0 $119.4 $114.1 $108.8 $30.9 $27.9 $23.2 $21.5

$21.1 0.68% 0.68% 0.62% 0.60% 0.57% $98.5 $100.1 $69.3 $92.6

$87.7 1Q25 2Q25 3Q25 4Q25 1Q26 Repossessed Assets and Other

Consumer Residential Construction Commercial $129.4 $128.0 $119.4

$114.1 $108.8 $30.9 $27.9 $23.2 $21.5 21.1. $22.8 $20.3

$20.7 $21.4 $19.7 $30.8 $30.8 $28.9 $29.2 $285.1 $1.4 $5.7 $5.6

$5.5 $5.4 $43.5 $43.3 $41.1 $36.4 $34.5 1Q25 2Q25 3Q25 4Q25

1Q26 Non-Performing Assets ($MM) – Distribution by Segment Total

non-performing assets decreased by $5.3 million to $108.8 million

or 0.57% of total assets Decrease in non-performing assets was

driven by a $4.8 million decrease in nonaccrual loans across all segments

and a $0.5 million net decrease in repossessed assets Inflows

to non-accrual loans held for investment were $34.3 million, a decrease

of $11.9 million when compared to the prior quarter, mostly driven

by a decrease in commercial inflows of $11.2 million due the

$10.0 million Puerto Rico C&I loan inflow in the fourth quarter,

and a $0.9 million decrease in residential mortgage inflows, partially

offset by a $0.2 million increase in consumer loan inflows Loans

in early delinquency (i.e., 30-89 days past due accruing loans)

amounted to $110.5 million, a decrease of $34.5 million vs.

4Q 2025, driven by a $31.0 million decrease in consumer loans,

primarily in the auto loan portfolio 10

First Quarter 2026 – ACL and Capital Evolution of ACL ($MM) and ACL

on Loans to Total Loans (%) $251.7 $253.2 $251.0 $253.5

$249.7 $4.4 $4.6 $4.0 $4.5 $4.6 $247.3 $248.6 $247.0 $249.0

$245.1 1.95% 1.93% 18.90% 1.90% 1.87% 1Q25 2Q25 3Q25

4Q25 1Q26 Off-BS Credit Exposure & Debt Securities Loans ACL

on Loans/Loans Key Highlights The allowance for credit losses (ACL)

on loans and leases was $245.1 million, down $3.9 million vs. prior

quarter; the ratio of the ACL on loans and finance leases to total

loans held for investment decreased to 1.87% Variance

was mainly related to lower consumer and commercial ACL due to improved

macroeconomic variables, partially offset an increase in the mortgage

ACL mostly due to loan growth Net charge-offs of $21.1 million, 0.65%

of average loans, compared to $20.4 million or 0.63% in prior quarter,

increase mostly driven by a $0.6 million charge-off associated

with a nonaccrual CRE loan in the Virgin Islands Capital Ratios (%)

$18.0 $16.6 $16.6 $11.2 $9.1 $17.9 $16.6 $16.6 $11.4

$9.6 $17.9 $16.7 $16.7 $11.5 $9.7 $18.0 $16.8 $16.8 $11.6

$10.1 $18.2 $16.9 $16.9 $11.7 $10.1 1Q25 2Q25 3Q25 4Q25 1Q26

Total Risk-Based Capital Tier-1 Capital Tier-1 Common Leverage

Tangible Common Key Highlights Total stockholders’ equity

amounted to $2.0 billion, an increase of $0.4 million vs. the prior

quarter, driven by earnings generated during the quarter

Partially offset by $50.0 million in common stock repurchases,

$31.5 million in common stock dividends declared during the quarter,

and a $6.2 million decrease in the fair value of available-for-sale

debt securities due to changes in market rates recognized

as part of accumulated other comprehensive loss All regulatory ratios

remain significantly above “well-capitalized” levels 11

1Q 2026 Financial Results Appendix and Non-GAAP Financial Measures

First Quarter 2026 – Balance Sheet Highlights Loan Portfolio - $MM

$12,690.0 $12,880.0 $13,061.0 $13,142.0 $13,104.0 Loans HFS

$15 $10 $13 $17 $13 Commercial $5,862 $6,018 $6,163 $6,243

$6,322 Consumer $3,741 $3,747 $3,736 $3,709 $3,659 Construction

$234 $245 $260 $260 $195 Residential $2,838 $2,859 $2,889 $2,908

$2,915 1Q25 2Q25 3Q25 4Q25 1Q26 Total Deposits (excluding

Brokered CDs) - $MM $16 $16,027 $16,233 $16,077 $16,089

Public Funds $3,443 $3,371 $3,438 $3,016 $2,869 CDs & IRAs

$2,779 $2,888 $3,055 $3,122 $3,179 Commercial $5,120 $4,897

$4,879 $5,019 $5,060 Retail $4,998 $4,871 $4,861 $4,920 $4,981

1Q25 2Q25 3Q25 4Q25 1Q26 Public Funds Distribution - $MM

$2 -84% PR $448 Other -16% 1Q26 $1,876 $489 $56 -77% -20%

-2% Public Corp/Agencies Municipalities US Govt. Loan Originations

- $MM(1) $1,177 $1,414 $1,371 $1,391 $1,247 Consumer

$276 $283 $267 $261 $253 Credit Card $102 $106 $104 $104 $95

Residential $114 $127 $132 $128 $116 Construction $49 $35

$35 $29 $14 Commercial $4,998 $861 $833 $869 $770 1Q25 2Q25

3Q25 4Q25 1Q26 Composition of Deposit Portfolio vs. Available

Liquidity - $MM(2) $16,077 $16,089 $5,549 $5,555 -35% -35%

NIB $10,528 $10,534 IB -65% -65% 4Q25 1Q26 $8,374 $4,846 $2,869

-51% -30% -18% Cash & Equivalents Free Liquid Securities

PHLB Avaialbility Fed Line (1) Loan Originations include refinancing

and renewals, as well as credit card utilization activity (2) Uninsured

deposits exclude public funds which are fully collateralized 13

First Quarter 2026 – Use of Non-GAAP Financial Measures Basis of

Presentation: Use of Non-GAAP Financial Measures This presentation

contains non-GAAP financial measures. Non-GAAP financial measures

are used when management believes that the presentation of

these non-GAAP financial measures enhances the ability of analysts

and investors to analyze trends in the Corporation’s business

and understand the performance of the Corporation. Where

non-GAAP financial measures are used, the most comparable GAAP financial

measure, as well as the reconciliation of the non-GAAP financial

measure to the most comparable GAAP financial measure, can

be found in the text or in the attached tables to this earnings presentation.

Any analysis of these non-GAAP financial measures should be used

only in conjunction with results presented in accordance

with GAAP. Tangible Common Equity Ratio and Tangible

Book Value per Common Share The tangible common equity ratio

and tangible book value per common share are non-GAAP financial

measures that management believes are generally used by the financial

community to evaluate capital adequacy. Tangible common

equity

is total common equity less goodwill and other intangibles. Tangible

assets are total assets less goodwill and other intangibles. Management

and many stock analysts use the tangible common equity ratio

and tangible book value per common share in conjunction with more

traditional bank capital ratios to compare the capital adequacy

of banking organizations with significant amounts

of goodwill or other intangible assets, typically stemming from

the use of the purchase method of accounting for mergers and

acquisitions. Accordingly, the Corporation believes that disclosure

of these financial measures may be useful to investors. Neither

tangible common equity nor tangible assets, or the related measures,

should be

considered in isolation or as a substitute for stockholders’ equity,

total assets, or any other measure calculated in accordance

with GAAP. Moreover, the way the Corporation calculates its tangible

common equity, tangible assets, and any other related measures

may differ from that of other companies reporting measures with

similar names. (In thousands, except ratios and per share information)

10 2026 1 40 2025 3Q2025 20 2025 10 2025 Tangible

Equity: Total common equity - GAAP s 1,967,239 S 1,966,865

S 1,918,045 S 1,845,455 S 1,779,342 Goodwill (38,611) (38,611)

(38,611) (38,611) (38,611) Other intangible assets (3,240) (3,458)

(3,676) (4,535) (5,715) Tangible common equity (Non-GAAP)

$ 1,925,388 $ 1,924,796 $ 1,875,758 $ 1,802,309 $ 1,735,016 Tangible

Assets: Total assets - GAAP s 19,086,105 S 19,132,892

S 19,321,335 S 18,897,529 S 19,106,983 Goodwill (38,611) (38,611)

(38,611) (38,611) (38,611) Other intangible assets (3,240)

(3,458) (3,676) (4,535) (5,715) Tangible assets (Non-GAAP)

$ 19,044,254 $ 19,090,823 $ 19,279,048 $ 18,854,383 $ 19,062,657

Common shares outstanding 154,694 156,619 159,135 161,508 163,104

Tangible common equity ratio (Non-GAAP) 10.11%

10.08% 9.73% 9.56% 9.10% Tangible book value per common share

(Non-GAAP) $ 12.45 $ 12.29 $ 11.79 $ 11.16 $ 10.64 14

First Quarter 2026 – Use of Non-GAAP Financial Measures Basis of

Presentation: Use of Non-GAAP Financial Measures This presentation

contains non-GAAP financial measures. Non-GAAP financial measures

are used when management believes that the presentation of

these non-GAAP financial measures enhances the ability of analysts

and investors to analyze trends in the Corporation’s business

and understand the performance of the Corporation. Where

non-GAAP financial measures are used, the most comparable GAAP financial

measure, as well as the reconciliation of the non-GAAP financial

measure to the most comparable GAAP financial measure, can

be found in the text or in the attached tables to this earnings presentation.

Any analysis of these non-GAAP financial measures should be used

only in conjunction with results presented in accordance

with GAAP. Adjusted Pre-Tax, Pre-Provision Income

Adjusted pre-tax, pre-provision income is a non-GAAP performance

metric that management uses and believes that investors may find

useful in analyzing underlying performance trends, particularly

in times of economic stress, including as a result of natural cat

astrophes or health epidemies. Adjusted pre-tax, pre-provision

income, as defined by management, represents income before

income taxes adjusted to exclude the provision for credit losses expense,

as well as certain items that management believes are not reflective

of core operating performance. (S in thousands) Income before

income taxes Add: Provision for credit losses expense Add: FDIC

special assessment reversal Less: Employee retention credit Adjusted

pre-tax, pre-provision income Change from most recent prior period

(amount) Change from most recent prior period (percentage)

Quarterly Results 10 2026 ! 40 2025 3Q2025 20 2025 1Q2025 S 114,263

S 107,327 S 106,223 S 102,885 S 100,299 17,273 22,971 17,593 20,587

24,810 (92) (1,099) - -s - - (-5 (2,358) - S 131,444 S 129,199 S 121,458

S 123,472 S 125,109 s 2,245 s 7,741 s (2,014) S (1,637) S 8,176

1.7% 6.4% -1.6% -1.3% 7.0% 15

First Quarter 2026 – Use of Non-GAAP Financial Measures Basis of

Presentation: Use of Non-GAAP Financial Measures This presentation

contains non-GAAP financial measures. Non-GAAP financial measures

are used when management believes that the presentation of

these non-GAAP financial measures enhances the ability of analysts

and investors to analyze trends in the Corporation’s business

and understand the performance of the Corporation. Where

non-GAAP financial measures are used, the most comparable GAAP financial

measure, as well as the reconciliation of the non-GAAP financial

measure to the most comparable GAAP financial measure, can

be found in the text or in the attached tables to this earnings presentation.

Any analysis of these non-GAAP financial measures should be used

only in conjunction with results presented in accordance

with GAAP. Adjusted Tangible Common Equity Ratio Adju

sted tangible common equity, which is total common equity

less goodwill and other intangibles, after exclusion of net unreali

zed losses on available-for-sale debt securities recognized as part

of accumulated other comprehensive loss and Special Items,

divided by adjusted tangible assets, which are total assets less

goodwill and other intangible assets, after exclusion of the net

unrealized losses on available-for- sale debt securities. Adjusted

Tangible Book Value Per Share Adjusted tangible common

equity, which is total common equity less goodwill and

other intangibles, after exclusion of net unrealized losses on available-for-sale

debt securities recognized as part of accumulated other comprehensive

loss, divided by common shares outstanding. Adjusted

Return on Average Common Equity Ratio Net income divided by adjusted

average common equity, which is average total common

equity, after exclusion of average net unrealized losses on available-for-sale

debt securities recognized as

part of accumulated other comprehensive loss. Tangible Common

Equity Add: AOCL AFS Debt Securities Adjusted Tangible

Common Equity Tangible Assets Add: AOCL AFS Debt Securities

Adjusted Tangible Assets Adjusted Tangible

Common Equity Ratio Common Shares Outstanding Adjusted Tangible

Book Value Per Common Share As of March 2026

S 1,925,388 353,358 $ 2,278,746 s 19,044,254 353,358 $ 19,397,612

11.75% 154,694 s 14.73 Average Common Equity Add:

Average AOCL AFS Debt Securities Adjusted Average

Common Equity Net Income Adjusted Return on Average Common

Equity 1Q2026 (Average) S 2,009,137 330,659 $ 2,339,796

s 88,778 15.39% 16

Financial Results First Quarter 2026 April 22, 2026