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1First BanCorp Financial Results Second Quarter 2026 July 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, includi

ng 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 19, 2026 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 2Q 2026 – Quarter Highlights Aurelio Alemán, President

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

Said Ortiz, Executive Vice President and Chief Financial Officer

3 v2Q 2026 – Questions and Answers 3

Second Quarter 2026 – Performance Highlights Profitability Net income

of $96.1 million ($0.62 per diluted share), compared to $88.8

million ($0.57 per diluted share) in 1Q 2026 Net interest income

increased to $229.1 million, and the margin grew by 12 basis

points reaching 4.87% On a non-GAAP basis, record adjusted

pre-tax, pre-provision income of $137.5 million, up 4.6% when compared

to 1Q 2026 Consistent expense management discipline resulted in an

efficiency ratio of 48.1% vs. 49.1% in 1Q 2026 Balance

Sheet Total loans increased by 5.2% on a linked-quarter annualized

basis to $13.3 billion mainly driven by commercial growth in

Puerto Rico Total deposits grew by $273.7 million during the quarter

mainly driven by a $167.7 million increase in government deposits

Core deposits, other than brokered and fully collateralized government

deposits, increased by $18.3 million Asset Quality Non-performing

assets (“NPA”) ratio slightly increased to 0.59%, primarily driven

by a $14.8 million commercial inflow in Florida Annualized

net charge-offs to average loans decreased by 16 bps to 0.49%,

mostly due to a $4.7 million reduction in consumer loan net charge

-offs Liquidity and Capital Total available liquidity sources of approximately

$6.4 billion or 1.3x of uninsured deposits (excluding fully collateralized

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

$31.0 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 1.8% to $12.68 and tangible

common equity ratio was 10.08% 4

Second Quarter 2026 – Strong Operating Results 2Q 2026 Franchise Highlights

and Priorities 1 ROAA: 2.02% ROACE: 19.49% 2 NPA

Ratio: 0.59% ACL Coverage: 1.85% 3 CET1 Ratio:16.9% Net

Payout: 84% Operating Environment Stable economic backdrop on

the back of an encouraging labor market (5.6% unemployment

rate as of May 2026), encouraging reshoring activity, and reconstruction

efforts Sector-specific tariffs impacting auto industry-wide sales;

nonetheless, industry starting to normalize with retail auto sales for

June 2026 down 3% YoY after double-digit reductions in

preceding five months Business Highlights Total loan

originations were up by 21% when compared to the prior year; loan

pipelines remain healthy and continue to support our confidence in achieving

our established loan growth targets for the full year Active

digital banking users grew by 6% year-over-year, and over

95% of deposit transactions captured through digital and self-service channels

Continued to advance multichannel strategy that integrates strategically

located branch network with digital tools to provide customers

with a more agile, convenient, and seamless service 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

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 Operating Environment

PR Economic Activity Index (EAI)(1)(2) YoY Change 120.7

111.1 127.6 127.6 127.9 128.3 127.9 127.1 127.1 -0.1% -785.0%

-1.3% -0.7% -0.5% -0.4% 0.2% -0.4% -0.8% 1Q20 2Q20 4Q24

1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Steady Economic Environment.

+0.4% Real GNP Growth in FY2025; latest unemployment rate

at 5.6% 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. | (2)

*EAI data presented for 2Q26 is based on results for April and

May 5

Results of Operations

Second Quarter 2026 – Discussion of Results Income Statement and

Selected Financial Data 2Q 2026 1Q 2026 Variance 2Q 2025

($ in thousands, except per sh are data and financial ratios) Interest

income $287,710 $2,798,849 $7,861 $278,190 Interest expense

58,757 58,893 (314) 62,331 Net interest income 229,131 220,956

8,175 215,859 Provison for credit losses 17,333 17,273 60 20,587

Total non-interst income 35,732 37,685 (1,953) 30,950 Personnel

expense 63,439 65,299 (1,860) 60,058 Occupancy and equipment

expense 22,108 22,063 45 22,297 Professional service fees

13,116 12,912 204 11,609 FIC deposit insurance 2,167 2,058 109

2,235 Net (gain) on OREO operaations (842) (937) 95 (591) Other

non-interest expenses 27,336 25,710 1,626 27,729 Total non-interst

expenses 127,324 127,105 219 123,337 Pre-tax income 120,206

114,263 5,943 102,885 Income tax expense 24,052 25,485

(1,433) 22,705 Net income $96,154 $88,778 $7,376 $80,180

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

(Non-GAAP) $137,539 $13,444 $6,095 $123,471 Fully diluted

EPS $0.62 $0.57 $0.05 $0.50 Tangible book value per share

$12.68 $12.45 $0.23 $11.16 Common stock price as of tend

of period $26.07 $21.36 $4.71 $20.83 Dividend payout ratio 31.92% 34.98%

-3.06% 36.12% Net Interest Margin (GAAP) 4.87% 4.78%

0.12% 4.56% Efficiency raio 40.07% 49.14% -1.07% 49.97%

ROAA 2.02% 1.89% 0.13% 1.69% Non-GAAP Reconciliation –

Selected Data(1) 2Q26 Adjusted Tangible Common Equity

Ratio 10.08% 1.66% 1.74% 2Q26 TCE Ratio AOCL Impact Adj.

TCE Ratio 2Q26 Adjusted Tangible Book Value per Share

$12.68 $2.23 $15.04 2Q26 TBVPS AOCL Impact Adj. TBVPS 2Q26

Adjusted ROACE 19.49% 2.95% 16.54% 2Q26 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 “Second Quarter 2026 - Use

of Non-GAAP Financial Measures.” 7

Second Quarter 2026 – Profitability Dynamics Net Interest Income

($MM) $215.9 $217.9 $222.8 $221.0 $229.1 4.56% 4.57% 4.68%

4.75% 4.87% 2Q25 3Q25 4Q25 1Q26 2Q26 Net Interest Income

($) Net Interest Margin (GAAP %) Key Highlights Net interest

income amounted to $229.1 million, an increase of $8.1 million vs.

the prior quarter; primarily reflecting the following: A $4.5

million net increase in interest income on investments and cash balances

due to purchases of higher yielding investments replacing

lower yielding securities and the acceleration of an unamortized purchase

discount on municipal securities that were refinanced,

partially offset by a decrease in interest income from lower cash balances

A $3.3 million increase in interest income on loans related to 1) the acceleration

of net deferred fees associated to a C&I refinancing and a $2.9 million

increase in interest income on commercial loans partially attributed

to the effect of one additional day in the quarter and 2) a $0.4

million increase in interest income on residential mortgage loans attributed

to the payoff of a nonaccrual mortgage loan in Florida A $0.6

million decrease in interest expense due to lower FHLB average

balances which was offset by a $0.3 million net increase

in interest expense on interest-bearing deposits mostly due to higher rates

on interest-bearing government deposits paid during the quarter

Net interest margin increased during the quarter by 12 basis points to

4.87%, mostly related to the acceleration of the unamortized

purchase discount and net deferred fees associated with the refinancings during

the quarter, which contributed 7 bps to the NIM expansion,

and the deployment of cash flows from lower-yielding investment securities

to higher-yielding assets Evolution of Loan Yields and Cost of

Funds(1) 7.64% 7.62% 7.55% 7.49% 7.51% 6.18% 6.11% 6.09%

6.07% 6.12% 1.46% 1.51% 1.46% 1.42% 1.39%

2Q25 3Q25 4Q25 1Q26 2Q26 Loan Yields Cost of Funds (1) Average

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

-bearing deposits, and wholesale funding 8

Non-Interest Income ($MM) $31.0 $30.8 $34.4 $37.7 $35.7 $17.7 $17.7

$20.3 $23.7 $22.1 $3.4 $3.3 $4.2 $4.0 $3.7 $9.8 $9.8 $9.9 $9.9 $9.9

2Q25 3Q25 4Q25 1Q26 2Q26 Other Mortgage Banking Service

Charges on Deposits Key Highlights Non-interest income of

$35.7 million, compared to $37.7 million in prior quarter;

the $2.0 million decrease was mainly due to: $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 Partially offset by a $0.8 million increase

in debit and credit card processing income driven by higher transactional

volumes during the second quarter of 2026 Non-Interest Expenses ($MM)

$1,233.3 $124.9 $126.9 $127.1 $127.3 $0.0 $1.9 $0.2 -$0.2

$0.4 $60.1 $59.8 $63.2 $65.3 $634.0 $63.2 $63.2 $63.5 $62.0 $63.5

$9.8 $9.8 $9.9 $9.9 $9.9 2Q25 3Q25 4Q25 1Q26 2Q26 Credit

Related Payroll Related Other Operating Expenses Key Highlights Non

-interest expenses of $127.3 million, relatively flat vs. prior quarter

due to: A $1.9 million net decrease in payroll expenses due to seasonal

share-based compensation recorded in the first quarter and lower

payroll taxes, which were partially offset by an increase in salary

compensation mainly due to the effect of one additional day in the

second quarter A $1.2 million increase in credit and debit card processing

expenses, mainly due to higher transactional volumes and a

$0.9 million increase in business promotion expenses recorded

in the second quarter Efficiency ratio relatively stable at 48%, below

the 52% operating target 9

Second Quarter 2026 – Asset Quality Non-Performing Assets ($MM)

Repossessed Assets and Other Non-Performing Loans NPAs/Assets

$128.0 $119.4 $114.1 $108.8 $113.9 $27.9 $23.2 $21.5 $21.1

$19.4 0.68% 0.62% 0.60% 0.57% 0.59% $100.1 $96.3 $92.6 $57.7

$94.6 2Q25 3Q25 4Q25 1Q26 2Q26 Non-Performing Assets

($MM) – Distribution by Segment Repossessed Assets and Other

Consumer Residential Construction Commercial $128.0 $119.4

$114.1 $108.8 $113.9 $27.9 $23.2 $21.5 $21.1 $19.4 $20.3

$20.7 $21.4 $19.7 $17.6 $308.0 $28.9 $29.2 $28.1 $23.4 $5.7 $5.6

$5.5 $5.4 $5.5 $43.3 $41.1 $36.4 $34.5 $48.1 2Q25 3Q25 4Q25

1Q26 2Q26 Total non-performing assets increased

by $5.1 million to $113.9 million or 0.59% of total assets Increase

in non-performing assets was driven by a $6.8 million increase in nonaccrual

loans primarily attributed to the inflow of a $14.8 million C&I

loan in Florida, partially offset by reductions in nonaccrual

residential mortgage and consumer loans, mainly auto and leases Inflows

to non-accrual loans held for investment were $40.7 million, an

increase of $6.4 million when compared to the prior quarter, mostly

driven by the aforementioned Florida commercial loan inflow,

partially offset by overall reductions in consumer and residential

mortgage loan inflows Loans in early delinquency (i.e., 30-89 days

past due accruing loans) amounted to $143.4 million, an increase

of $32.9 million vs. 1Q 2026, driven by a $20.7 million increase

in consumer loans, primarily in the auto loan portfolio 10

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

and ACL on Loans to Total Loans (%) $253.2 $251.0 $253.5

$249.7 $251.0 $4.6 $4.0 $4.5 $4.6 $6.0 $248.6 $247.0 $249.0 $245.1

$245.0 1.93% 1.89% 1.90% 1.87% 1.85% 2Q25 3Q25 4Q25

1Q26 2Q26 Off-BS Credit Exposure & Debt Securities Loans ACL

on Loans/Loans Key Highlights The allowance for credit losses

(ACL) on loans and leases was $245.0 million, flat vs. prior quarter;

the ratio of the ACL on loans and finance leases to total loans held

for investment decreased to 1.85% 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 $16.1 million, 0.49% of

average loans, compared to $21.1 million or 0.65% in prior quarter,

decrease mostly driven by a $4.7 million reduction in consumer

net charge-offs, primarily auto loans and leases Capital Ratios (%)

17.9 16.6 11.4 9.6 17.9 16.7 11.5 9.7 18 16.8 11.6 10.1 18.2

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

2Q26 Total Risk-Based Capital Tier-1 Common Leverage

Tangible Common Key Highlights Total stockholders’ equity amounted

to $2.0 billion, an increase of $9.6 million vs. the prior quarter,

driven by earnings generated during the quarter Partially offset by

$50.0 million in common stock repurchases, $31.0 million in common

stock dividends declared during the quarter, and a $7.7 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

2Q 2026 Financial Results Appendix and Non-GAAP Financial Measures

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

$12,880 $13,061 $13,142 $13,104 $13,273 Loans HFS $10 $13

$17 $13 $16 Commercial $20 $6,018 $6,163 $6,243 $6,322

Consumer $308 $3,747 $3,736 $3,709 $3,659 Construction $6 $245

$260 $266 $195 Retail $43 $2,859 $2,889 $2,908 $2,915 2Q25 3Q25

4Q25 1Q26 2Q26 Total Deposits (excluding Brokered

CDs) - $MM $16,027 $16,233 $16,077 $16,089 $16,275 Public

Funds $3,371 $3,438 $3,016 $2,869 $3,037 CDs & IRAs $2,888 $3,055

$3,122 $3,179 $3,241 Commercial $4,897 $4,879 $5,019 $5,060

$5,074 Retail $4,871 $4,861 $4,920 $4,981 $4,923 2Q25 3Q25

4Q25 1Q26 2Q26 Public Funds Distribution - $MM $3,037 $2,600

-86% $437 -14% 2Q26 Loan Originations - $MM(1) $1,414 $1,371

$1,391 $1,248 $1,718 Consumer $283 $267 $261 $253 $290 Credit

Cards $108 $104 $104 $95 $103 Residential $127 $132

$128 $116 $134 Construction $35 $35 $29 $14 $36 Commercial

$861 $833 $869 $770 $1,155 2Q25 3Q25 4Q25 1Q26 2Q26 Composition

of Deposit Portfolio vs. Available Liquidity - $MM(2)

$165,089 $16,275 $5,555 $5,549 -35% -34% $10,534 $10,726 -65%

-66% 1Q26 2Q26 $165,089 $16,275 $5,555 $5,549 -35% -34%

$10,534 $10,726 -65% -66% Ininsured Available Deposits

Liquidity (1) Loan Originations include refinancings and renewals,

as well as credit card utilization activity (2) Uninsured deposits

exclude public funds which are fully collateralized 13

Second 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

2Q 2026 1Q 2026 4Q 2025 3Q 2025 Q2 2025 Tangible Equity:

Total common equity - GAAP $1,976,833 $19,672,239 $1,966,865

$1,918,045 $1,845,455 Goodwill (38,611) (38,611) (38,611)

(38,611) (38,611) Other intangible assets (3,022) (3,240)

(3,458) (3,676) (4,535) Tangible common equity (Non-GAAP)

$1,935,200 $1,925,388 $1,924,946 $1,875,758 $1,802,309 Tangible

Assets: Total assets - GAAP $19,241,235 $19,086,105 $19,132,892

$19,321,335 $18,897,529 Goodwill (38,611) (38,611) (38,611)

(38,611) (38,611) Other intangible assets (3,022) (3,240) (3,458)

(3,676) (4,535) Tangible common equity (Non-GAAP) $19,199,602

$19,044,254 $19,090,823 $19,279,048 $18,854,383 Common shares

outstanding 15,674 154,694 15,619 159,135 161,508 Tangible

common equity ration (Non-

GAAP) 10.08% 10.11% 10.08% 9.73% 9.56% Tangible book

value per common share (Non-GAAP) $12.68 $12.45 $12.29 $11.79

$11.16 14

Second 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 catastrophes 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 believe

are not reflective of core operating performance. (in thousands) 2Q

2026 1Q 2026 4Q 2025 3Q 2025 Q2 2025 Income before

income taxes $120,206 $114,263 $107,327 $106,223 $102,885 Add:

Provision for credit losses expense 17,333 17,273 22,971 17,593 20,587

Les: FDIC special assessment reversal — (92) (1,099) — — Less:

Employee retention credit — — — (2,358) — Adjusted pre-tax,

pre-provision income $137,539 $131,444 $129,199 $121,458 $123,472

Change from mos

tcertent prior period (amount) $6,095 $2,245 $7,741 -$2,014 -$1,637

Change from mos tcertent prior period (percentage) 4.6% 1.7%

6.4% -1.6% 1.3% 15

Second 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 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 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. As of June 2026 Tangible

Common Equity $1,935,200 Add: AOCL AFS Debt Securities

361,089 Adjusted Tangible Common Equity $2,296,289 Tangibl

eAssets $19,199,602 Add: AOCL AFS Debt Securities 361,089

Adjusted Tangible Assets $19,560,691 Adjusted Tangible

Common Equity Ratio 11.74% Common Shares Outstanding $152,674

Adjusted Tangible Book Value Per Common Share

$15.04 2Q 2026 (Average) Average Common Equity $1,978,553

Add: Average AOCL AFS Debt Securities 353,042 Adjusted

Average Common Equity $2,331,596 Net Income $96,154 Adjusted

Returnon Average Common Equity 16.54% 16

Financial Results Second Quarter 2026 July 22, 2026